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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE:        
Revenue $ 30,647 $ 40,706 $ 56,189 $ 64,446
OPERATING EXPENSES:        
Depreciation and depletion (3,469) (5,515) (7,181) (10,652)
Gross loss 4,235 4,059 (1,759) (927)
OTHER OPERATING EXPENSES:        
Advanced projects - Other (14,922) (823) (26,057) (2,622)
Exploration (4,293) (6,916) (7,503) (11,872)
General and administrative (2,456) (2,834) (4,437) (4,917)
Income (loss) from investment in Minera Santa Cruz S.A. (Note 9) 2,511 (1,853) 1,391 (2,427)
Depreciation (138) (75) (280) (150)
Reclamation and Remediation (Note 11) (1,506) (505) (2,033) (1,416)
Total other operating expenses (20,804) (13,006) (38,919) (23,404)
Operating loss (16,569) (8,947) (40,678) (24,331)
OTHER INCOME (EXPENSE):        
Interest and other finance expenses, net (1,639) (1,859) (3,279) (2,368)
Other income (Note 4) 5,802 3,795 9,672 5,207
Total other income 4,163 1,936 6,393 2,839
Loss before income and mining taxes (12,406) (7,011) (34,285) (21,492)
Income and mining tax recovery   1,022 815 3,037
Net loss after income and mining taxes (12,406) (5,989) (33,470) (18,455)
Net loss attributable to non-controlling interests (Note 18) (46)   288  
Net loss and comprehensive loss attributable to McEwen shareholders $ (12,452) $ (5,989) $ (33,182) $ (18,455)
Net loss per share (Note 13):        
Basic (in dollars per share) $ (0.26) $ (0.13) $ (0.71) $ (0.41)
Diluted (in dollars per share) $ (0.26) $ (0.13) $ (0.71) $ (0.41)
Weighted average common shares outstanding (thousands) (Note 13, Note 19):        
Basic (in shares) 47,428 45,919 46,917 45,054
Diluted (in shares) 47,428 45,919 46,917 45,054
Los Azules        
OTHER OPERATING EXPENSES:        
Advanced projects - Los Azules $ (14,081)   $ (23,837)  
Advanced projects - Other (14,081)   (23,837)  
Other        
OTHER OPERATING EXPENSES:        
Advanced projects - Other (841) $ (823) (2,220) $ (2,622)
Minera Santa Cruz S.A.        
REVENUE:        
Revenue 70,827 70,396 111,530 123,699
OPERATING EXPENSES:        
Production costs applicable to sales (45,959) (40,888) (81,302) (77,256)
Depreciation and depletion (5,357) (9,779) (12,253) (16,732)
Gross loss 19,511 19,729 17,975 29,711
OTHER INCOME (EXPENSE):        
Loss before income and mining taxes 7,889 2,104 2,796 4,314
Income and mining tax recovery     286  
Net loss and comprehensive loss attributable to McEwen shareholders 7,012 167 5,725 748
Gold and silver sales        
REVENUE:        
Revenue 30,647 40,706 56,189 64,446
Production costs applicable to sales        
OPERATING EXPENSES:        
Production costs applicable to sales $ (22,943) $ (31,132) $ (50,767) $ (54,721)