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

6 Months Ended

Jun. 30, 2014

	Six months ended			Year ended
	June 30, 2014			December 31, 2013
	(in thousands)
Investment in MSC, beginning balance	$	212,947		$	273,948
Income from equity investment	2,838			2,126
Amortization of fair value increments	(6,130		)	(18,425		)
Income tax recovery	7,883			17,145
Dividend distribution	(7,113		)	(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	$	210,425		$	212,947

	Three months ended June 30,						Six months ended June 30,
	2014			2013			2014			2013
	(in thousands)						(in thousands)
Minera Santa Cruz S.A. (100%)
Net sales	$	53,234		$	68,556		$	110,123		$	112,369
Production costs applicable to sales	(41,847		)	(57,606		)	(81,484		)	(94,409		)
(Loss) income from operations before extraordinary items	(390		)	124			5,792			2,564
Net (loss) income	(390		)	124			5,792			2,564

Portion attributable to McEwen Mining Inc. (49%)
Net (loss) income	$	(191	)	$	61		$	2,838		$	1,256
Amortization of fair value increments	(3,429		)	(6,710		)	(6,130		)	(12,003		)
Income tax recovery	1,182			5,098			7,883			8,959
(Loss) income on investment in MSC, net of amortization	$	(2,438	)	$	(1,551	)	$	4,591		$	(1,788	)