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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (3,692) $ (35,459)
Adjustments to reconcile net loss from operating activities:    
Loss from investment in McEwen Copper Inc. (Note 9) 19,831 36,680
Income from investment in Minera Santa Cruz S.A. (Note 9) (7,575) (4,751)
Depreciation, amortization and depletion 20,667 24,009
Unrealized (gain) loss on marketable securities (Note 5) (14,530) 176
Foreign exchange (gain) loss (104) 281
Reclamation accretion and adjustments to estimate 2,879 1,126
Income and mining tax recovery (Note 17) (7,746) (6,297)
Stock-based compensation 2,224 2,142
Non-cash interest expense 909  
Other   270
Change in non-cash working capital items:    
Change in inventories (19,130) (3,283)
Change in other assets related to operations (179) 8,466
Change in accounts payable and accrued liabilities 7,778 6,176
Change in deferred revenue 5,805  
Change in other liabilities related to operations (3,376) 1,130
Cash provided by operating activities 3,761 30,666
Cash flows from investing activities:    
Additions to mineral property interests and plant and equipment (35,012) (30,346)
Advances to related parties - McEwen Copper Inc. (Note 14) (5,056)  
Investment in marketable securities (Note 5) (2,154) (79)
Dividends received from Minera Santa Cruz S.A. (Note 9) 2,246  
Investment in McEwen Copper Inc.   (14,000)
Notes receivable from Timberline   (1,880)
Cash and restricted cash received from acquisition of Timberline   1,132
Costs to acquire Timberline   (52)
Proceeds from sale of marketable securities 197 82
Cash used in investing activities (39,779) (45,143)
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)  
Proceeds from exercise of stock options 3,198  
Proceeds from exercise of warrants 505 8
Payment of finance lease obligations (765) (896)
Issuance of flow-through common shares, net of issuance costs (Note 12)   20,424
Cash provided by financing activities 73,701 19,536
Effect of exchange rate change on cash and cash equivalents 104 (281)
Increase in cash, cash equivalents and restricted cash 37,787 4,778
Cash, cash equivalents and restricted cash, beginning of period 17,464 27,510
Cash, cash equivalents and restricted cash, end of period 55,251 32,288
Supplemental disclosure of cash flow information:    
Interest paid (4,688) (2,928)
Interest received 1,033 737
Taxes paid $ (1,940) $ (401)