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

9 Months Ended

Sep. 30, 2014

	Nine months ended			Year ended
	September 30, 2014			December 31, 2013
	(in thousands)
Investment in MSC, beginning balance	$	212,947		$	273,948
Attributable net income from equity investment	149			2,126
Amortization of fair value increments	(9,652		)	(18,425		)
Income tax recovery	9,653			17,145
Dividend distribution	(9,483		)	(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	$	203,614		$	212,947

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
	(in thousands)						(in thousands)
Minera Santa Cruz S.A. (100%)
Net sales	$	38,263		$	69,663		$	148,386		$	182,031
Production costs applicable to sales	(36,136		)	(44,964		)	(117,620		)	(139,373		)
(Loss) income from operations before extraordinary items	(5,488		)	5,424			304			7,988
Net (loss) income	(5,488		)	5,424			304			7,988

Portion attributable to McEwen Mining Inc. (49%)
Net (loss) income	$	(2,689	)	$	2,658		$	149		$	3,914
Amortization of fair value increments	(3,522		)	(3,579		)	(9,652		)	(15,582		)
Income tax recovery	1,770			2,961			9,653			11,920
(Loss) income on investment in MSC, net of amortization	$	(4,441	)	$	2,040		$	150		$	252