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CASH AND CASH EQUIVALENTS | 9 Months Ended
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Sep. 30, 2023
CASH AND CASH EQUIVALENTS |
CASH AND CASH EQUIVALENTS | NOTE 4 CASH AND CASH EQUIVALENTS The following table provides a reconciliation of cash and cash equivalents reported in the Consolidated Balance Sheets: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023 | ​ | December 31, 2022
Cash and cash equivalents held in USD | ​ | $ | 7,137 | ​ | $ | 36,305
Cash and cash equivalents held in ARS¹ | ​ | ​ | 41,306 | ​ | ​ | 2,144
Cash and cash equivalents held in other currencies | ​ | ​ | 672 | ​ | ​ | 1,333
Total cash and cash equivalents | ​ | $ | 49,115 | ​ | $ | 39,782
| (1) | Argentine Peso (“ARS”)
As of September 30, 2023, the cash balance of ARS 14.6 billion was converted to the USD using the official exchange rate of 349.9:1. As of December 31, 2022, the cash balance of ARS 0.4 billion was converted to the USD using the official exchange rate of 177.2:1. As of September 30, 2023, of $49.1 million of cash and cash equivalents, $45.2 million in cash and $2.3 million in bankers’ acceptance notes with maturity dates between 34 to 81 days were held by McEwen Copper. As of December 31, 2022, of $39.8 million of cash and cash equivalents, $2.5 million in cash and $35.6 million in bankers’ acceptance notes were held by McEwen Copper.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 + Details
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