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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (3,230) $ (33,378)
Adjustments to reconcile net loss from operating activities:    
Loss from investment in McEwen Copper Inc. (Note 9) 15,556 34,828
Income from investment in Minera Santa Cruz S.A. (Note 9) (4,106) (5,979)
Depreciation, amortization and depletion 13,024 15,088
Unrealized gain on marketable securities (Note 5) (6,453) (284)
Foreign exchange loss (gain) (112) 702
Reclamation accretion and adjustments to estimate 2,449 216
Income and mining tax expense (recovery) (Note 17) (5,650) (5,816)
Non-cash interest expense 528  
Stock-based compensation 1,380 1,785
Other   270
Change in non-cash working capital items:    
Change in inventories (13,170) (189)
Change in other assets related to operations (1,117) (3,308)
Change in accounts payable and accrued liabilities 5,457 2,124
Change in deferred revenue (3,544)  
Change in flow through premium liability (3,340) (886)
Change in other liabilities related to operations 874 2,314
Cash provided by (used in) operating activities (1,454) 7,487
Cash flows from investing activities:    
Additions to mineral property interests and plant and equipment (24,183) (11,206)
Advances to related parties (Note 14) (5,056)  
Investment in marketable securities (Note 5) (1,997)  
Dividends received from Minera Santa Cruz S.A. (Note 9) 2,246  
Proceeds from sale of marketable securities 168 82
Cash used in investing activities (28,822) (11,124)
Cash flows from financing activities:    
Proceeds from senior convertible notes (Note 10) 110,000  
Convertible notes financing costs (Note 10) (4,123)  
Principal repayment on long-term debt (20,000)  
Purchase of capped call options (Note 10) (15,114)  
Issuance of flow-through common shares, net of issuance costs (Note 12)   20,424
Payment of finance lease obligations (513) (394)
Proceeds from exercise of warrants   8
Cash provided by financing activities 70,250 20,038
Effect of exchange rate change on cash and cash equivalents 112 (702)
Increase in cash, cash equivalents and restricted cash 40,086 15,699
Cash, cash equivalents and restricted cash, beginning of period 17,464 27,510
Cash, cash equivalents and restricted cash, end of period 57,550 43,209
Supplemental disclosure of cash flow information:    
Interest paid (1,143) (1,945)
Interest received 693 629
Taxes paid $ (1,940) $ (401)