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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net loss $ (28,373) $ (10,542) $ (108,044) $ (44,012)  
Adjustments to reconcile net loss from operating activities:          
Loss (income) from investment in Minera Santa Cruz S.A. (Note 9) 2,672 (758) 7,047 (2,149)  
Depreciation and amortization     24,286 12,166  
Unrealized (gain) loss on investments (Note 5)     (15,651) 375 $ 511
Foreign exchange loss on investments (Note 5)     9,858    
Foreign exchange loss (gain)     41,186 (12,070)  
Reclamation accretion and adjustments to estimate (Note 11)     539 3,010  
Income and mining tax recovery     (2,829) (1,339)  
Stock-based compensation     354 313  
Change in non-cash working capital items:          
Change in other assets related to operations     (4,689) (14,590)  
Change in liabilities related to operations     (8,099) (4,326)  
Cash used in operating activities     (56,042) (62,622)  
Cash flows from investing activities:          
Additions to mineral property interests and plant and equipment     (18,277) (17,140)  
Investment in marketable equity securities (Note 5)     (33,907)    
Dividends received from Minera Santa Cruz S.A. (Note 9)     295 286  
Cash used in investing activities     (51,889) (16,854)  
Cash flows from financing activities:          
Proceeds from McEwen Copper financing (Note 17)     185,390 41,263  
Issuance of flow-through common shares, net of issuance costs       14,376  
Proceeds from promissory note       15,000 15,000
Principal repayment on debt (Note 10)     (25,000)    
Subscription proceeds received in advance       (2,850)  
Payment of finance lease obligations     (1,510) (2,338)  
Cash provided by financing activities     158,880 65,451  
Effect of exchange rate change on cash and cash equivalents     (41,186) 12,070  
(Decrease) increase in cash, cash equivalents and restricted cash     9,763 (1,955)  
Cash, cash equivalents and restricted cash, beginning of period     43,579 60,634 60,634
Cash, cash equivalents and restricted cash, end of period $ 53,342 $ 58,679 53,342 58,679 $ 43,579
Supplemental disclosure of cash flow information:          
Interest paid     (3,231) (4,305)  
Interest received     42,565 $ 10  
Taxes paid     $ (5,735)