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INVESTMENTS | 12 Months Ended
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Dec. 31, 2023
INVESTMENTS |
INVESTMENTS | NOTE 5 INVESTMENTS The Company’s investment portfolio consists of marketable equity securities and warrants of certain publicly traded companies. The following is a summary of the activity in investments for the years ended December 31, 2023, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at | ​ | Additions/ | ​ | Disposals/ | ​ | ​ | Unrealized | ​ | Foreign | ​ | McEwen | ​ | As at
​ | ​ | December 31, | ​ | transfers during | ​ | transfers during | ​ | ​ | gain on | ​ | exchange loss | ​ | Copper | ​ | December 31,
​ | ​ | 2022 | ​ | year | ​ | year | ​ | ​ | securities held | ​ | on securities held | ​ | deconsolidation | ​ | 2023
Marketable equity securities | ​ | $ | 1,133 | ​ | $ | 34,157 | ​ | $ | — | ​ | $ | 20,542 | ​ | $ | (9,858) | ​ | $ | (44,231) | ​ | $ | 1,743
Warrants | ​ | ​ | 162 | ​ | ​ | — | ​ | ​ | (162) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total investments | ​ | $ | 1,295 | ​ | $ | 34,157 | ​ | $ | (162) | ​ | $ | 20,542 | ​ | $ | (9,858) | ​ | $ | (44,231) | ​ | $ | 1,743
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at | ​ | Additions/ | ​ | Disposals/ | ​ | Unrealized | ​ | Foreign | ​ | As at
​ | ​ | December 31, | ​ | transfers during | ​ | transfers during | ​ | loss on | ​ | exchange loss | ​ | December 31,
​ | ​ | 2021 | ​ | year | ​ | year | ​ | securities held | ​ | on securities held | ​ | 2022
Marketable equity securities | ​ | $ | 1,644 | ​ | $ | — | ​ | $ | — | ​ | $ | (511) | ​ | $ | — | ​ | $ | 1,133
Warrants | ​ |  | 162 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 162
Total investments | ​ | $ | 1,806 | ​ | $ | — | ​ | $ | — | ​ | $ | (511) | ​ | $ | — | ​ | $ | 1,295
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at | ​ | Additions/ | ​ | Disposals/ | ​ | Unrealized | ​ | Foreign | ​ | As at
​ | ​ | December 31, | ​ | transfers during | ​ | transfers during | ​ | gain on | ​ | exchange loss | ​ | December 31,
​ | ​ | 2020 | ​ | year | ​ | year | ​ | securities held | ​ | on securities held | ​ | 2021
Marketable equity securities | ​ | $ | — | ​ | $ | 1,616 | ​ | $ | — | ​ | $ | 28 | ​ | $ | — | ​ | $ | 1,644
Warrants | ​ |  | — | ​ | ​ | 162 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 162
Total investments | ​ | $ | — | ​ | $ | 1,778 | ​ | $ | — | ​ | $ | 28 | ​ | $ | — | ​ | $ | 1,806
​ For the year ended December 31, 2023, Andes Corporation Minera S.A., an Argentinian subsidiary of McEwen Copper, invested $33.9 million in equity securities trading on the Bolsa de Comercio de Buenos Aires exchange as Argentinian depositary receipts (“CEDEARs”) and denominated in ARS. For the year ended December 31, 2023, the Company recognized an unrealized gain on CEDEARs of $20.2 million and a foreign exchange loss of $9.9 million.

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- Definition The entire disclosure for cash, cash equivalents, investments in debt and equity instruments (including cost and equity investees and related income statement amounts), equity and cost method investments, investments in joint ventures and any other investment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 13 -Subparagraph (d)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482477/820-10-65-13 + Details
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