XML 45 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE (Tables)
12 Months Ended
Dec. 31, 2012
INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE  
Schedule of reconciliation of fair value allocation

  For three months
ended
March 31, 2012
  For three months
ended
June 30, 2012
  For the three months
ended
September 30, 2012
 
 
  (in thousands)
 

Amortization of fair value increments, as reported

  $ 2,804   $ 1,803   $ 1,597  

Adjustment

    (1,851 )   (887 )   71  
               

Amortization of fair value increments, as adjusted

  $ 953   $ 916   $ 1,668  
               

Net loss, as reported

 
$

(19,202

)

$

(21,251

)

$

(2,583

)

Adjustment

    1,851     887     (71 )
               

Net loss, as adjusted

  $ (17,351 ) $ (20,364 ) $ (2,654 )
               
Schedule of change in the entity's investment in MSC
  As at
December 31, 2012
 
 
  (in thousands)
 

Investment in MSC, beginning of period

  $  

Fair value of investment in MSC from acquisition of Minera Andes

    262,883  

Income from equity investment

    25,301  

Amortization of fair value increments

    (4,466 )

Dividend distribution

    (9,770 )
       

Investment in MSC, end of period

  $ 273,948  
       
Summary of MSC's financial information from operations

 

 
  Period Ended
December 31, 2012
 
 
  (in thousands)
 

Summary of MSC's financial information from operations

       

Sales—MSC 100%

  $ 290,848  
       

Net income—MSC 100%

    51,634  
       

McEwen Mining's portion—49%

    25,301  
       

Net income on investment in MSC

  $ 25,301  

Amortization of fair value increments

    (4,466 )
       

Income on investment in MSC, net of amortization

  $ 20,835