XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE |
Summary of MSC's financial information from operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​ | Six months ended June 30, | ​
​ |  | 2020 | ​ | 2019 | ​ | 2020 | ​ | 2019 | ​
Minera Santa Cruz S.A. (100%) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue from gold and silver sales | ​ | $ | 47,081 | ​ | $ | 65,997 | ​ | $ | 84,471 | ​ | $ | 114,818 | ​
Production costs applicable to sales | ​ | ​ | (30,402) | ​ | ​ | (46,514) | ​ | ​ | (58,718) | ​ | ​ | (76,047) | ​
Depreciation and depletion | ​ | ​ | (7,650) | ​ | ​ | (16,545) | ​ | ​ | (14,977) | ​ | ​ | (31,925) | ​
Gross profit | ​ | ​ | 9,029 | ​ | ​ | 2,938 | ​ | ​ | 10,776 | ​ | ​ | 6,846 | ​
Exploration | ​ | ​ | (2,175) | ​ | ​ | (2,553) | ​ | ​ | (5,041) | ​ | ​ | (5,891) | ​
Other expenses | ​ | ​ | (8,925) | ​ | ​ | (979) | ​ | ​ | (11,142) | ​ | ​ | (3,532) | ​
Net (loss) before tax | ​ | $ | (2,071) | ​ | $ | (594) | ​ | $ | (5,407) | ​ | $ | (2,577) | ​
Current and deferred tax recovery/(expense) | ​ | ​ | 1,884 | ​ | ​ | (3,049) | ​ | ​ | 1,933 | ​ | ​ | (3,838) | ​
Net loss | ​ | $ | (187) | ​ | $ | (3,643) | ​ | $ | (3,474) | ​ | $ | (6,415) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Portion attributable to McEwen Mining Inc. (49%) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss | ​ | $ | (92) | ​ | $ | (1,785) | ​ | $ | (1,703) | ​ | $ | (3,143) | ​
Amortization of fair value increments | ​ |  | (1,251) | ​ |  | (2,459) | ​ |  | (2,636) | ​ |  | (4,372) | ​
Income tax recovery | ​ | ​ | 298 | ​ | ​ | 107 | ​ | ​ | 618 | ​ | ​ | 1,068 | ​
Loss from investment in MSC, net of amortization | ​ | $ | (1,045) | ​ | $ | (4,137) | ​ | $ | (3,721) | ​ | $ | (6,447) | ​
Schedule of change in the entity's investment in MSC | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2020 |  | December 31, 2019
Investment in MSC, beginning of period | ​ | $ | 110,183 | ​ | $ | 127,814
Attributable net loss from MSC | ​ | ​ | (1,703) | ​ | ​ | (2,097)
Amortization of fair value increments | ​ |  | (2,636) | ​ |  | (9,448)
Income tax recovery | ​ | ​ | 618 | ​ | ​ | 2,791
Dividend distribution received | ​ |  | (282) | ​ |  | (8,877)
Investment in MSC, end of period | ​ | $ | 106,180 | ​ | $ | 110,183
Summary of key assets and liabilities, before and after adjustments to fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As at June 30, 2020 | ​ | Balance excluding FV increments | ​ | Adjustments | ​ | Balance including FV increments
Current assets | ​ | $ | 84,654 | ​ | $ | 952 | ​ | $ | 85,606
Total assets | ​ | $ | 180,986 | ​ | $ | 113,628 | ​ | $ | 294,614
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities | ​ | $ | (43,958) | ​ | $ | — | ​ | $ | (43,958)
Total liabilities | ​ | $ | (72,944) | ​ | $ | (4,977) | ​ | $ | (77,921)

X
- Definition Tabular disclosure of MSC's financial information from operations. + References No definition available. + Details
Name: | mux_EquityMethodInvestmentSummarizedFinancialInformationIncomeStatementTableTextBlock
Namespace Prefix: | mux_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of the key assets and liabilities, before and after adjustments to fair value. + References No definition available. + Details
Name: | mux_SummaryOfKeyAssetsAndLiabilitiesBeforeAndAfterAdjustmentsToFairValueTableTextBlock
Namespace Prefix: | mux_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration