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SUBSEQUENT EVENTS | 9 Months Ended
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Sep. 30, 2023
SUBSEQUENT EVENTS. |
SUBSEQUENT EVENTS | NOTE 18 SUBSEQUENT EVENTS ​ On October 11, 2023, McEwen Copper and FCA Argentina S.A., an Argentinian subsidiary of Stellantis N.V. (“Stellantis”), announced the closing of agreements pursuant to which McEwen Copper issued 1,900,000 common shares for aggregate proceeds of ARS 42 billion. ​ On October 11, 2023, McEwen Copper and Nuton LLC (“Nuton”), a subsidiary of Rio Tinto, announced a transaction pursuant to which McEwen Copper would issue 152,615 common shares for proceeds of $4.0 million, and the Company would sell 232,000 common shares of McEwen Copper to Nuton for an aggregate purchase price of $6.0 million. These transactions closed on October 20, 2023. ​ Subsequent to the closing of the transactions above, Stellantis and Nuton own 19.4% and 14.5%, respectively, of McEwen Copper on a fully diluted basis, while the Company’s ownership decreased to 47.7%. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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