EQUITY INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2023

McEwen Copper Inc

Schedule of Equity Method Investments [Line Items]

Summary of MSC's financial information from operations

	December 31, 2023
McEwen Copper (100%)
Advanced projects	$	(36,475)
Other expenses		(4,684)
Foreign exchange loss		(99,338)
Interest and other income		19,356
Net loss before tax	$	(121,141)
Current and deferred taxes		-
Net loss	$	(121,141)
Portion attributable to McEwen Mining (47.7%)
Net income loss on investment in McEwen Copper	$	(57,821)

Schedule of change in the entity's investment in MSC

	December 31, 2023
Investment, beginning of year	$	—
Deconsolidation of McEwen Copper (Note 20)		383,968
Attributable net loss from McEwen Copper		(57,821)
Investment, end of year	$	326,147

Summary of key assets and liabilities, before and after adjustments to fair value

As at December 31, 2023	Balance excluding FV increments		Adjustments		Balance including FV increments
Current assets	$	104,195	$	—	$	104,195
Total assets	$	281,353	$	262,494	$	543,847
Current liabilities	$	(23,988)	$	—	$	(23,988)
Total liabilities	$	(24,287)	$	—	$	(24,287)

Minera Santa Cruz S.A.

Schedule of Equity Method Investments [Line Items]

Summary of MSC's financial information from operations

	Year ended December 31,
	2023		2022			2021
Minera Santa Cruz S.A. (100%)
Revenue from gold and silver sales	$	254,926	$	254,698	$	271,863
Production costs applicable to sales		(177,234)		(182,195)		(196,033)
Depreciation and depletion		(58,935)		(32,200)		(39,948)
Gross profit		18,757		40,303		35,882
Exploration		(9,346)		(8,946)		(10,602)
Other expenses(1)		(3,977)		(19,715)		(17,077)
Net income before tax	$	5,434	$	11,642	$	8,203
Current and deferred tax recovery (expense)		3,051		1,221		(7,934)
Net income	$	8,485	$	12,863	$	269
Portion attributable to McEwen Mining Inc. (49%)
Net income	$	4,157	$	6,303	$	132
Amortization of fair value increments		(4,612)		(4,155)		(8,331)
Income tax recovery		517		628		666
Income (loss) from investment in MSC, net of amortization	$	62	$	2,776	$	(7,533)

(1) Other expenses include foreign exchange, accretion of asset retirement obligations and other finance-related expenses.

Schedule of change in the entity's investment in MSC

Changes in the Company’s investment in MSC for the years ended December 31, 2023, and 2022 are as follows:

	December 31, 2023		December 31, 2022
Investment, beginning of year	$	93,451	$	90,961
Attributable net income from MSC		4,157		6,303
Amortization of fair value increments		(4,612)		(4,155)
Income tax recovery		517		628
Dividend distribution received		(295)		(286)
Investment, end of year	$	93,218	$	93,451

Summary of key assets and liabilities, before and after adjustments to fair value

As at December 31, 2023	Balance excluding FV increments		Adjustments		Balance including FV increments
Current assets	$	101,572	$	937	$	102,509
Total assets	$	196,617	$	71,528	$	268,145
Current liabilities	$	(44,785)	$	—	$	(44,785)
Total liabilities	$	(77,742)	$	(239)	$	(77,981)

As at December 31, 2022	Balance excluding FV increments		Adjustments		Balance including FV increments
Current assets	$	98,956	$	1,103	$	100,059
Total assets	$	204,671	$	81,434	$	286,105
Current liabilities	$	(60,584)	$	—	$	(60,584)
Total liabilities	$	(82,185)	$	(1,295)	$	(83,480)