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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (43,691) $ 33,177 $ (86,094)
Adjustments to reconcile net loss from operating activities:      
Loss from investment in McEwen Copper Inc. (Note 9) 46,977 57,821  
Income from investment in Minera Santa Cruz S.A. (Note 9) (9,021) (62) (2,776)
Depreciation, amortization and depletion 30,863 30,359 19,532
Unrealized (gain) loss on marketable securities (Note 5) (286) (20,542) 511
Foreign exchange loss on marketable securities   9,858  
Foreign exchange loss 656 48,977 2,029
Reclamation accretion and adjustments to estimate 864 2,693 7,168
Income and mining tax (recovery) expense (6,976) 37,018 (1,856)
Stock-based compensation 3,244 971 340
Dilution gain from investments in McEwen Copper Inc. (Note 9) (5,777)    
Gain on deconsolidation of McEwen Copper Inc. (Note 9)   (222,157)  
Other 349    
Change in non-cash working capital items:      
Change in accounts receivable and other 2,356 6,548 (12,873)
Change in accounts payable and other liabilities 9,896 (24,298) 17,439
Cash provided by (used in) operating activities 29,454 (39,637) (56,580)
Cash flows from investing activities:      
Additions to mineral property interests and plant and equipment (43,095) (26,099) (24,187)
Investment in McEwen Copper Inc. (Note 9) (14,000)    
Notes receivable acquired (1,880)    
Cash and restricted cash received from acquisition of Timberline Resources Corporation (Note 20) 1,131    
Investment in marketable securities (Note 5) (366) (34,157)  
Proceeds from sale of investment in McEwen Copper Inc.   6,032  
Cash outflow on McEwen Copper Inc. deconsolidation   (45,708)  
Other 164 295 286
Cash used in investing activities (58,046) (99,637) (23,901)
Cash flows from financing activities:      
Issuance of flow-through common shares, net of issuance costs (Note 13) 20,424 13,428 14,376
Proceeds from exercise of warrants 9   4
Proceeds from McEwen Copper Inc. financing   185,390 41,263
Proceeds from promissory note     15,000
Subscription proceeds received in advance     (2,850)
Principal repayment on long-term debt (Note 11)   (25,000)  
Payment of finance lease obligations (1,231) (1,636) (2,338)
Cash provided by financing activities 19,202 172,182 65,455
Effect of exchange rate change on cash and cash equivalents (656) (48,977) (2,029)
Decrease in cash, cash equivalents and restricted cash (10,046) (16,069) (17,055)
Cash, cash equivalents and restricted cash, beginning of year 27,510 43,579 60,634
Cash, cash equivalents and restricted cash, end of year 17,464 27,510 43,579
Supplemental disclosure of cash flow information:      
Interest paid (3,911) (4,728) (4,875)
Interest received 636 34,680 650
Taxes paid $ (712) $ (1,409) $ (24)