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INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE (Tables) | 12 Months Ended
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Dec. 31, 2020
INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE |
Summary of MSC's financial information from operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, | ​
​ |  | 2020 | ​ | 2019 | ​ | ​ | 2018 |
Minera Santa Cruz S.A. (100%) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue from gold and silver sales | ​ | $ | 219,020 | ​ | $ | 263,887 | ​ | $ | 213,096 | ​
Production costs applicable to sales | ​ | ​ | (138,182) | ​ | ​ | (159,915) | ​ | ​ | (151,779) | ​
Depreciation and depletion | ​ | ​ | (29,809) | ​ | ​ | (69,995) | ​ | ​ | (52,200) | ​
Gross profit | ​ | ​ | 51,029 | ​ | ​ | 33,977 | ​ | ​ | 9,117 | ​
Exploration | ​ | ​ | (10,446) | ​ | ​ | (10,635) | ​ | ​ | (5,884) | ​
Other expenses(1) | ​ | ​ | (30,515) | ​ | ​ | (13,065) | ​ | ​ | (12,840) | ​
Net income (loss) before tax | ​ | $ | 10,068 | ​ | $ | 10,277 | ​ | $ | (9,607) | ​
Current and deferred tax expense | ​ | ​ | (4,466) | ​ | ​ | (14,556) | ​ | ​ | (10,934) | ​
Net income (loss) | ​ | $ | 5,602 | ​ | $ | (4,279) | ​ | $ | (20,541) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Portion attributable to McEwen Mining Inc. (49%) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) | ​ | $ | 2,745 | ​ | $ | (2,097) | ​ | $ | (10,065) | ​
Amortization of fair value increments | ​ |  | (5,390) | ​ |  | (9,448) | ​ |  | (9,730) | ​
Income tax recovery | ​ | ​ | 1,128 | ​ | ​ | 2,791 | ​ | ​ | 7,930 | ​
Loss from investment in MSC, net of amortization | ​ | $ | (1,517) | ​ | $ | (8,754) | ​ | $ | (11,865) | ​
Schedule of change in the entity's investment in MSC | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2020 |  | December 31, 2019
Investment in MSC, beginning of year | ​ | $ | 110,183 | ​ | $ | 127,814
Attributable net income (loss) from MSC | ​ | ​ | 2,745 | ​ | ​ | (2,097)
Amortization of fair value increments | ​ |  | (5,390) | ​ |  | (9,448)
Income tax recovery | ​ | ​ | 1,128 | ​ | ​ | 2,791
Dividend distribution received | ​ |  | (340) | ​ |  | (8,877)
Investment in MSC, end of year | ​ | $ | 108,326 | ​ | $ | 110,183
Summary of key assets and liabilities, before and after adjustments to fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As at December 31, 2020 | ​ | Balance excluding FV increments | ​ | Adjustments | ​ | Balance including FV increments
Current assets | ​ | $ | 94,965 | ​ | $ | 362 | ​ | $ | 95,327
Total assets | ​ | $ | 186,438 | ​ | $ | 107,821 | ​ | $ | 294,259
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities | ​ | $ | (40,396) | ​ | $ | — | ​ | $ | (40,396)
Total liabilities | ​ | $ | (69,255) | ​ | $ | (3,936) | ​ | $ | (73,191)

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