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

9 Months Ended

Sep. 30, 2018

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

Schedule of change in the entity's investment in MSC

	September 30, 2018		December 31, 2017
Investment in MSC, beginning of the period	$	150,064	$	162,320
Attributable net loss from MSC		(8,506)		(2,328)
Amortization of fair value increments		(7,135)		(9,632)
Income tax recovery		8,191		11,916
Distributions received		(9,360)		(12,212)
Investment in MSC, end of the period	$	133,254	$	150,064

Summary of MSC's financial information from operations

	Three months ended  September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Minera Santa Cruz S.A. (100%)
Net Sales	$	47,814	$	52,722	$	150,748	$	161,900
Cost of sales		(48,193)		(43,596)		(135,007)		(132,710)
Other operating expenses		(5,164)		(5,255)		(12,776)		(16,348)
Other expenses		(4,106)		(2,449)		(12,360)		(5,115)
Net (loss) income before tax		(9,649)		1,422		(9,395)		7,727
Current and deferred taxes		(889)		(715)		(7,965)		(3,765)
Net (loss) income		(10,538)		707		(17,360)		3,962
Portion attributable to McEwen Mining Inc. (49%)
Net income (loss)	$	(5,164)	$	346	$	(8,506)	$	1,941
Amortization of fair value increments		(2,538)		(2,469)		(7,135)		(6,967)
Income tax recovery		2,728		1,661		8,191		4,491
(Loss) from investment in MSC, net of amortization	$	(4,973)	$	(462)	$	(7,450)	$	(535)