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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUE:        
Revenue $ 38,404 $ 25,988 $ 107,551 $ 82,177
OPERATING EXPENSES:        
Depreciation and depletion (8,181) (4,313) (23,370) (11,494)
Gross profit (loss) 3,755 1,503 4,138 (256)
OTHER OPERATING EXPENSES:        
Advanced projects - Los Azules (18,478) (7,623) (78,883) (31,460)
Advanced projects - Other (1,966) (1,194) (4,308) (3,414)
Exploration (4,674) (3,929) (16,426) (11,432)
General and administrative (3,720) (4,352) (9,211) (8,789)
Income (loss) from investment in Minera Santa Cruz S.A. (Note 9) (2,672) 758 (7,047) 2,149
Depreciation (325) (214) (916) (494)
Reclamation and remediation (Note 11) (760) (526) (2,030) (2,559)
Total other operating expenses (32,595) (17,080) (118,821) (55,999)
Operating loss (28,840) (15,577) (114,683) (56,255)
OTHER INCOME (EXPENSE):        
Interest and other finance income (expenses), net 10,331 (1,817) 38,372 (5,096)
Other (expense) income (Note 3) (10,108) 6,328 (34,562) 16,000
Total other income 223 4,511 3,810 10,904
Loss before income and mining taxes (28,617) (11,066) (110,873) (45,351)
Income and mining tax (expense) recovery 244 524 2,829 1,339
Net loss after income and mining taxes (28,373) (10,542) (108,044) (44,012)
Net loss attributable to non-controlling interests (Note 17) 9,922 12 24,890 300
Net loss and comprehensive loss attributable to McEwen shareholders $ (18,451) $ (10,530) $ (83,154) $ (43,712)
Net loss per share (Note 13):        
Basic (in dollars per share) $ (0.39) $ (0.22) $ (1.75) $ (0.93)
Diluted (in dollars per share) $ (0.39) $ (0.22) $ (1.75) $ (0.93)
Weighted average common shares outstanding (thousands) (Note 13):        
Basic (in shares) 47,471 47,427 47,442 47,089
Diluted (in shares) 47,471 47,427 47,442 47,089
Gold and silver sales        
REVENUE:        
Revenue $ 38,404 $ 25,988 $ 107,551 $ 82,177
Production costs applicable to sales        
OPERATING EXPENSES:        
Production costs applicable to sales $ (26,468) $ (20,172) $ (80,043) $ (70,939)