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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE:      
Revenue from gold and silver sales $ 166,231 $ 110,417 $ 136,541
OPERATING EXPENSES:      
Depreciation and depletion (29,221) (19,701) (23,798)
Gross profit (loss) 17,780 (544) (6,480)
OTHER OPERATING EXPENSES:      
Advanced projects - Los Azules (76,345) (61,148) (5,019)
Advanced projects - Other (6,292) (5,580) (7,420)
Exploration (20,167) (14,973) (22,604)
General and administrative (15,449) (11,890) (11,435)
Income (loss) from investment (Note 9) (57,759) 2,776 (7,533)
Depreciation (1,138) (733) (339)
Reclamation and remediation (Note 12) (2,693) (3,345) (3,450)
Total other operating expenses (179,843) (94,893) (57,800)
Operating loss (162,063) (95,437) (64,280)
OTHER INCOME (EXPENSE):      
Interest and other finance income (expenses), net 36,918 (7,789) (6,200)
Other (expense) income (Note 4) (29,976) 22,938 6,281
Gain on deconsolidation of McEwen Copper Inc. (Note 20) 222,157    
Total other income 229,099 15,149 81
Income (loss) before income and mining taxes 67,036 (80,288) (64,199)
Income and mining tax (expense) recovery (Note 19) (33,859) (5,806) 7,315
Net income (loss) after income and mining taxes 33,177 (86,094) (56,884)
Net loss attributable to non-controlling interests 22,122 5,019 172
Net income (loss) and comprehensive income (loss) attributable to McEwen shareholders $ 55,299 $ (81,075) $ (56,712)
Net income (loss) per share (Note 14):      
Basic (in dollars per share) $ 1.16 $ (1.71) $ (1.25)
Diluted (in dollars per share) $ 1.16 $ (1.71) $ (1.25)
Weighted average common shares outstanding (thousands) (Note 14):      
Basic (in shares) 47,544 47,427 45,490
Diluted (in shares) 47,544 47,427 45,490
McEwen Copper Inc      
OTHER OPERATING EXPENSES:      
Income (loss) from investment (Note 9) $ (57,821)    
OTHER INCOME (EXPENSE):      
Interest and other finance income (expenses), net 19,356    
Income (loss) before income and mining taxes 121,141    
Net income (loss) and comprehensive income (loss) attributable to McEwen shareholders 121,141    
Minera Santa Cruz S.A.      
REVENUE:      
Revenue from gold and silver sales 254,926 $ 254,698 $ 271,863
OPERATING EXPENSES:      
Depreciation and depletion (58,935) (32,200) (39,948)
OTHER OPERATING EXPENSES:      
Income (loss) from investment (Note 9) 62 2,776 (7,533)
OTHER INCOME (EXPENSE):      
Income (loss) before income and mining taxes 5,434 11,642 8,203
Income and mining tax (expense) recovery (Note 19) 517 628 666
Net income (loss) and comprehensive income (loss) attributable to McEwen shareholders 8,485 12,863 269
Gold and silver sales      
REVENUE:      
Revenue from gold and silver sales 166,231 110,417 136,541
Production costs applicable to sales      
OPERATING EXPENSES:      
Production costs applicable to sales $ (119,230) $ (91,260) $ (119,223)