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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (20,383) $ (36,410)
Adjustments to reconcile net loss from operating activities:    
Loss from investment in McEwen Copper Inc. (Note 9) 18,012  
Loss (income) from investment in Minera Santa Cruz S.A. (Note 9) (1,278) 3,461
Depreciation, amortization and depletion 7,436 7,263
Unrealized loss (gain) on investments (Note 5) 227 (296)
Foreign exchange loss 256 9,113
Reclamation accretion and adjustments to estimate 361 631
Gain on disposal of property and equipment (113)  
Income and mining tax recovery (3,128) (536)
Stock-based compensation 464 28
Change in non-cash working capital items:    
Change in other assets related to operations (2,277) (2,732)
Change in liabilities related to operations 4,304 (17)
Cash provided by (used in) operating activities 3,881 (19,495)
Cash flows from investing activities:    
Additions to mineral property interests and plant and equipment (4,522) (4,950)
Investment in marketable equity securities (Note 5) (53)  
Cash used in investing activities (4,575) (4,950)
Cash flows from financing activities:    
Proceeds from McEwen Copper Inc. financing   185,390
Proceeds from exercise of warrants 7  
Payment of finance lease obligations (149) (408)
Cash provided by (used in) financing activities (142) 184,982
Effect of exchange rate change on cash and cash equivalents (256) (9,113)
(Decrease) increase in cash, cash equivalents and restricted cash (1,092) 151,424
Cash, cash equivalents and restricted cash, beginning of period 27,510 43,579
Cash, cash equivalents and restricted cash, end of period 26,418 195,003
Supplemental disclosure of cash flow information:    
Interest paid (972) (1,253)
Interest received $ 119 $ 9,044