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INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE (Tables) | 9 Months Ended
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Sep. 30, 2019
INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE |
Summary of MSC's financial information from operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, | ​ | Nine months ended September 30,
​ |  | 2019 | ​ | 2018 | ​ | 2019 | ​ | 2018
Minera Santa Cruz S.A. (100%) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue from gold and silver sales | ​ | $ | 70,908 | ​ | $ | 47,814 | ​ | $ | 179,708 | ​ | $ | 150,748
Production costs applicable to sales | ​ | ​ | (51,238) | ​ | ​ | (48,193) | ​ | ​ | (140,474) | ​ | ​ | (135,007)
Other operating expenses | ​ | ​ | (8,221) | ​ | ​ | (5,164) | ​ | ​ | (27,064) | ​ | ​ | (12,776)
Other expenses | ​ | ​ | (5,298) | ​ | ​ | (4,106) | ​ | ​ | (8,596) | ​ | ​ | (12,360)
Net income (loss) before tax | ​ | $ | 6,151 | ​ | $ | (9,649) | ​ | $ | 3,574 | ​ | $ | (9,395)
Current and deferred tax expense | ​ | ​ | (4,512) | ​ | ​ | (889) | ​ | ​ | (8,350) | ​ | ​ | (7,965)
Net income (loss) | ​ | $ | 1,639 | ​ | $ | (10,538) | ​ | $ | (4,776) | ​ | $ | (17,360)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Portion attributable to McEwen Mining Inc. (49%) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) | ​ | $ | 803 | ​ | $ | (5,164) | ​ | $ | (2,339) | ​ | $ | (8,506)
Amortization of fair value increments | ​ |  | (2,551) | ​ |  | (2,537) | ​ |  | (6,923) | ​ |  | (7,135)
Income tax recovery | ​ | ​ | 1,420 | ​ | ​ | 2,728 | ​ | ​ | 2,487 | ​ | ​ | 8,191
Loss from investment in MSC, net of amortization | ​ | $ | (328) | ​ | $ | (4,973) | ​ | $ | (6,775) | ​ | $ | (7,450)
Schedule of change in the entity's investment in MSC | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2019 |  | December 31, 2018
Investment in MSC, beginning of period | ​ | $ | 127,814 | ​ | $ | 150,064
Attributable net loss from MSC | ​ | ​ | (2,339) | ​ | ​ | (10,065)
Amortization of fair value increments | ​ |  | (6,923) | ​ |  | (9,730)
Income tax recovery | ​ | ​ | 2,487 | ​ | ​ | 7,930
Dividend distribution received | ​ |  | (4,045) | ​ |  | (10,385)
Investment in MSC, end of period | ​ | $ | 116,994 | ​ | $ | 127,814
Summary of key assets and liabilities, before and after adjustments to fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As at September 30, 2019 | ​ | Balance excluding FV increments | ​ | Adjustments | ​ | Balance including FV increments
Current assets | ​ | $ | 72,664 | ​ | $ | 113 | ​ | $ | 72,777
Total assets | ​ | ​ | 185,522 | ​ | ​ | 124,112 | ​ | ​ | 309,634
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities | ​ | $ | (45,881) | ​ | $ | 10,114 | ​ | $ | (35,767)
Total liabilities | ​ | ​ | (74,128) | ​ | ​ | 3,257 | ​ | ​ | (70,871)

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