INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE (Tables)

6 Months Ended

Jun. 30, 2018

INVESTMENT IN MINERA SANTA CRUZ S.A. (“MSC”) - SAN JOSE MINE

Schedule of change in the entity's investment in MSC

	June 30, 2018		December 31, 2017
Investment in MSC, beginning of the period	$	150,064	$	162,320
Attributable net (loss) from MSC		(3,343)		(2,328)
Amortization of fair value increments		(4,597)		(9,632)
Income tax recovery		5,463		11,916
Distribution received		(7,231)		(12,212)
Investment in MSC, end of the period	$	140,356	$	150,064

Summary of MSC's financial information from operations

	Three months ended  June 30,				Six months ended June 30,
	2018		2017		2018		2017
Minera Santa Cruz S.A. (100%)
Net Sales	$	52,272	$	60,835	$	102,934	$	109,178
Production costs applicable to sales		(43,346)		(52,415)		(86,814)		(89,114)
Net (loss) income		(7,700)		(1,126)		(6,822)		3,255
Portion attributable to McEwen Mining Inc. (49%)
Net (loss) income	$	(3,773)	$	(553)	$	(3,343)	$	1,594
Amortization of fair value increments		(2,482)		(2,428)		(4,597)		(4,497)
Income tax recovery		3,990		2,718		5,463		2,830
(Loss) from investment in MSC, net of amortization	$	(2,265)	$	(263)	$	(2,477)	$	(73)