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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 33,177 $ (86,094) $ (56,884)
Adjustments to reconcile net loss from operating activities:      
Loss from investment in McEwen Copper Inc. (Note 9) 57,821    
Loss (income) from investment in Minera Santa Cruz S.A. (Note 9) (62) (2,776) 7,533
Gain on sale of mineral property interests     (2,271)
Depreciation, amortization and depletion 30,359 19,532 25,338
Unrealized (gain) loss on investments (Note 5) (20,542) 511 (28)
Foreign exchange loss on investments (Note 5) 9,858    
Foreign exchange loss 48,977 2,029 160
Reclamation accretion and adjustments to estimate 2,693 7,168 3,677
Income and mining tax expense (recovery) 37,018 (1,856) (7,315)
Stock-based compensation 971 340 837
Gain on deconsolidation of McEwen Copper Inc. (Note 20) (222,157)    
Effect of exchange rate changes on investments (Note 19) (93,218) (93,451)  
Change in non-cash working capital items:      
Change in other assets related to operations 6,548 (12,873) 7,887
Change in liabilities related to operations (24,298) 17,439 1,003
Cash used in operating activities (39,637) (56,580) (20,063)
Cash flows from investing activities:      
Additions to mineral property interests and plant and equipment (26,099) (24,187) (34,888)
Proceeds from disposal of property and equipment     492
Investment in marketable equity securities (Note 5) (34,157)    
Dividends received from Minera Santa Cruz S.A. (Note 9) 295 286 9,832
Proceeds from sale of investment in McEwen Copper Inc. 6,032    
Cash outflow on McEwen Copper Inc. deconsolidation (Note 20) (45,708)    
Cash used in investing activities (99,637) (23,901) (24,564)
Cash flows from financing activities:      
Issuance of flow-through common shares, net of issuance costs (Note 13) 13,428 14,376 11,966
Proceeds from promissory note   15,000 40,000
Principal repayment on long-term debt (Note 11) (25,000)    
Subscription proceeds received in advance   (2,850) 2,550
Proceeds from exercise of warrants   4  
Payment of finance lease obligations (1,636) (2,338) (3,408)
Cash provided by financing activities 172,182 65,455 80,983
Effect of exchange rate change on cash and cash equivalents (48,977) (2,029) (160)
(Decrease) increase in cash, cash equivalents and restricted cash (16,069) (17,055) 36,196
Cash, cash equivalents and restricted cash, beginning of year 43,579 60,634 24,438
Cash, cash equivalents and restricted cash, end of year 27,510 43,579 60,634
McEwen Copper Inc.      
Adjustments to reconcile net loss from operating activities:      
Gain on deconsolidation of McEwen Copper Inc. (Note 20) (222,157)    
Cash flows from financing activities:      
Proceeds from McEwen Copper Inc. financing (Note 20) $ 185,390 $ 41,263 $ 29,875