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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (35,459) $ (108,044)
Adjustments to reconcile net loss from operating activities:    
Loss from investment in McEwen Copper Inc. (Note 9) 36,680  
Loss (income) from investment in Minera Santa Cruz S.A. (Note 9) (4,751) 7,047
Dividends received from Minera Santa Cruz S.A. (Note 9) 383 295
Depreciation, amortization and depletion 24,009 24,286
Unrealized loss (gain) on marketable securities (Note 5) 176 (15,651)
Foreign exchange loss on marketable securities (Note 5)   9,858
Foreign exchange loss 281 41,186
Reclamation accretion and adjustments to estimate 1,126 539
Gain on disposal of property and equipment (113)  
Income and mining tax recovery (6,297) (2,829)
Stock-based compensation 2,142 354
Change in non-cash working capital items:    
Change in assets related to operations 5,183 (4,689)
Change in liabilities related to operations 7,306 (8,099)
Cash provided by (used in) operating activities 30,666 (55,747)
Cash flows from investing activities:    
Additions to mineral property interests and plant and equipment (30,346) (18,277)
Investment in McEwen Copper Inc. (Note 9) (14,000)  
Notes receivable from Timberline (Note 17) (1,880)  
Cash and restricted cash received from acquisition of Timberline Resources Corporation (Note 17) 1,132  
Costs to acquire Timberline Resources Corporation (Note 17) (52)  
Investment in marketable securities (Note 5) (79) (33,907)
Proceeds from sale of marketable securities (Note 5) 82  
Cash used in investing activities (45,143) (52,184)
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 (896) (1,510)
Cash provided by financing activities 19,536 158,880
Effect of exchange rate change on cash and cash equivalents (281) (41,186)
Increase in cash, cash equivalents and restricted cash 4,778 9,763
Cash, cash equivalents and restricted cash, beginning of period 27,510 43,579
Cash, cash equivalents and restricted cash, end of period 32,288 53,342
Supplemental disclosure of cash flow information:    
Interest paid (2,928) (3,231)
Interest received 737 42,565
Taxes paid $ (401) $ (5,735)