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INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE (Tables) | 3 Months Ended
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Mar. 31, 2021
INVESTMENT IN MINERA SANTA CRUZ S.A. ("MSC") - SAN JOSE MINE |
Summary of MSC's financial information from operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31,
​ |  | 2021 | ​ | 2020
Minera Santa Cruz S.A. (100%) | ​ | ​ | ​ | ​ | ​ | ​
Revenue from gold and silver sales | ​ | $ | 53,303 | ​ | $ | 37,390
Production costs applicable to sales | ​ | ​ | (36,367) | ​ | ​ | (28,316)
Depreciation and depletion | ​ | ​ | (6,953) | ​ | ​ | (7,327)
Gross profit | ​ | ​ | 9,983 | ​ | ​ | 1,747
Exploration | ​ | ​ | (2,236) | ​ | ​ | (2,866)
Other expenses(1) | ​ | ​ | (5,536) | ​ | ​ | (2,217)
Net income (loss) before tax | ​ | $ | 2,211 | ​ | $ | (3,336)
Current and deferred tax expense | ​ | ​ | (1,629) | ​ | ​ | 49
Net income (loss) | ​ | $ | 582 | ​ | $ | (3,287)
​ | ​ | ​ | ​ | ​ | ​ | ​
Portion attributable to McEwen Mining Inc. (49%) | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) | ​ | $ | 285 | ​ | $ | (1,611)
Amortization of fair value increments | ​ |  | (1,071) | ​ |  | (1,385)
Income tax recovery | ​ | ​ | 212 | ​ | ​ | 320
Loss from investment in MSC, net of amortization | ​ | $ | (574) | ​ | $ | (2,676)
Schedule of change in the entity's investment in MSC | ​
​ | ​ | ​ | ​ | ​ | ​
​ | March 31, 2021 |  | December 31, 2020
Investment in MSC, beginning of period | $ | 108,326 | ​ | $ | 110,183
Attributable net income from MSC | ​ | 285 | ​ | ​ | 2,745
Amortization of fair value increments |  | (1,071) | ​ |  | (5,390)
Income tax recovery | ​ | 212 | ​ | ​ | 1,128
Dividend distribution received |  | (4,984) | ​ |  | (340)
Investment in MSC, end of period | $ | 102,768 | ​ | $ | 108,326
Summary of key assets and liabilities, before and after adjustments to fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As at March 31, 2021 | ​ | Balance excluding FV increments | ​ | Adjustments | ​ | Balance including FV increments
Current assets | ​ | $ | 86,274 | ​ | $ | 488 | ​ | $ | 86,762
Total assets | ​ | $ | 176,082 | ​ | $ | 105,603 | ​ | $ | 281,685
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities | ​ | $ | (39,203) | ​ | $ | — | ​ | $ | (39,203)
Total liabilities | ​ | $ | (68,461) | ​ | $ | (3,502) | ​ | $ | (71,963)

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