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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (33,378) $ (79,671)
Adjustments to reconcile net loss from operating activities:    
Loss from investment in McEwen Copper Inc. (Note 9) 34,828  
Loss (income) from investment in Minera Santa Cruz S.A. (Note 9) (5,979) 4,375
Dividends received from Minera Santa Cruz S.A. (Note 9) 383 295
Depreciation, amortization and depletion 15,088 15,780
Unrealized gain on marketable securities (Note 5) (284) (3,010)
Foreign exchange loss on marketable securities (Note 5)   1,810
Foreign exchange loss 702 24,691
Reclamation accretion and adjustments to estimate 216 1,535
Gain on disposal of property and equipment (113)  
Income and mining tax recovery (5,816) (2,585)
Stock-based compensation 1,785 84
Change in non-cash working capital items:    
Change in other assets related to operations (3,497) (378)
Change in liabilities related to operations 3,552 (16,393)
Cash provided by (used in) operating activities 7,487 (53,467)
Cash flows from investing activities:    
Additions to mineral property interests and plant and equipment (11,206) (8,958)
Investment in marketable securities (Note 5)   (26,855)
Proceeds from sale of marketable securities (Note 5) 82  
Cash used in investing activities (11,124) (35,813)
Cash flows from financing activities:    
Issuance of flow-through common shares, net of issuance costs (Note 12) 20,424  
Proceeds from exercise of warrants 8  
Proceeds from McEwen Copper Inc. financing   185,390
Principal repayment on long-term debt   (25,000)
Payment of finance lease obligations (394) (948)
Cash provided by financing activities 20,038 159,442
Effect of exchange rate change on cash and cash equivalents (702) (24,691)
Increase in cash, cash equivalents and restricted cash 15,699 45,471
Cash, cash equivalents and restricted cash, beginning of period 27,510 43,579
Cash, cash equivalents and restricted cash, end of period 43,209 89,050
Supplemental disclosure of cash flow information:    
Interest paid (1,945) (2,106)
Interest received 629 30,782
Taxes paid $ (401) $ (4,746)