INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE (Tables)

3 Months Ended

Mar. 31, 2014

	Three months ended			Year ended
	March 31, 2014			December 31, 2013
	(in thousands)
Investment in MSC, beginning balance	$	212,947		$	273,948
Income from equity investment	3,029			2,126
Amortization of fair value increments, net of tax	4,000			(1,280		)
Dividend distribution	(3,945		)	(1,826		)
Impairment of investment in MSC	—			(95,878		)
Contribution of Santa Cruz exploration properties, net of tax	—			35,857
Investment in MSC, ending balance	$	216,031		$	212,947

	Three months ended March 31,
	2014			2013
	(in thousands)
Minera Santa Cruz S.A. (100%)
Net sales	$	56,889		$	43,813
Production costs applicable to sales	(39,637		)	(36,803		)
Income from operations before extraordinary items	6,182			2,440
Net income	6,182			2,440

Portion attributable to McEwen Mining Inc. (49%)
Net income on investment in MSC	$	3,029		$	1,196
Amortization of fair value increments, net of tax	4,000			(1,433		)
Income (loss) on investment in MSC, net of amortization	$	7,029		$	(237	)