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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 42,985 $ (3,230)
Adjustments to reconcile net income (loss) from operating activities:    
(Income) loss from equity method investments (Note 9) (41,550) 11,450
Dividends received from Minera Santa Cruz S.A. (Note 9) 58,283  
Depreciation, amortization and depletion 15,264 13,024
Loss (gain) on marketable securities (Note 5) 5,906 (6,453)
Reclamation accretion and adjustments to estimate 636 2,449
Deferred income and mining tax recovery (Note 17) (1,276) (2,267)
Flow-through premium amortization (Note 12) (1,835) (3,554)
Loss on revaluation of common stock issuable 2,382  
Other 1,392 (1,373)
Changes in non-cash working capital items:    
Change in inventories (13,344) (13,170)
Change in other assets related to operations (3,653) (1,117)
Change in accounts payable and accrued liabilities (2,498) 5,457
Change in contract liability 501 (3,544)
Change in other liabilities related to operations (4,869) 874
Cash provided by (used in) operating activities 58,324 (1,454)
Cash flows from investing activities:    
Additions to mineral property interests and plant and equipment (39,849) (24,183)
Loan receivable from McEwen Copper Inc. (Note 14) (7,500) (5,056)
Other 1,696 417
Cash used in investing activities (45,653) (28,822)
Cash flows from financing activities:    
Issuance of flow-through common shares, net of issuance costs (Note 12) 14,831  
Proceeds from senior convertible notes (Note 10)   110,000
Purchase of capped call options (Note 10)   (15,114)
Convertible notes financing costs (Note 10)   (4,123)
Principal repayment on long-term debt (Note 10)   (20,000)
Proceeds from exercise of stock options and warrants 233  
Payment of finance lease obligations (558) (513)
Cash provided by financing activities 14,506 70,250
Effect of exchange rate change on cash and cash equivalents 1,082 112
Increase in cash, cash equivalents and restricted cash 28,259 40,086
Cash, cash equivalents and restricted cash, beginning of period 55,261 17,464
Cash, cash equivalents and restricted cash, end of period 83,520 57,550
Supplemental disclosure of cash flow information:    
Interest paid (3,854) (1,143)
Interest received 1,082 693
Taxes paid (1,750) $ (1,940)
Non-cash investing activities:    
Properties, plants, equipment and mineral property additions in accounts payable 4,661  
Receipt of warrants in connection with loan to McEwen Copper Inc. (Note 14) $ 3,380