v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE:    
Revenue from gold and silver sales $ 35,696 $ 41,228
OPERATING EXPENSES:    
Production costs applicable to sales (19,605) (25,110)
Depreciation and depletion (6,021) (10,107)
Gross profit 10,070 6,011
OTHER OPERATING EXPENSES:    
Advanced projects (1,684) (2,454)
Exploration (3,681) (3,871)
General and administrative (3,369) (4,073)
Income (loss) from equity method investments (8,068) (16,734)
Depreciation (150) (171)
Reclamation and remediation (Note 11) (758) (690)
Total other operating expenses (17,710) (27,993)
Operating loss (7,640) (21,982)
OTHER INCOME (EXPENSE):    
Interest and other finance expenses, net (1,286) (870)
Other income (expense) (Note 3) 1,577 (88)
Total other income (expense) 291 (958)
Loss before income and mining taxes (7,349) (22,940)
Income and mining tax recovery (Note 17) 1,079 2,557
Net loss after income and mining taxes $ (6,270) $ (20,383)
Net loss per share (Note 13):    
Basic (in dollars per share) $ (0.12) $ (0.41)
Diluted (in dollars per share) $ (0.12) $ (0.41)
Weighted average common shares outstanding (thousands) (Note 13):    
Basic (in shares) 53,270 49,440
Diluted (in shares) 53,270 49,440
McEwen Copper    
OTHER OPERATING EXPENSES:    
Advanced projects $ (21,271) $ (48,183)
Income (loss) from equity method investments (8,578) (18,012)
OTHER INCOME (EXPENSE):    
Interest and other finance expenses, net 3,906 16,454
Loss before income and mining taxes (18,471) (37,737)
Net (loss) income and comprehensive (loss) income attributable to McEwen shareholders (18,471) (37,737)
Minera Santa Cruz S.A.    
REVENUE:    
Revenue from gold and silver sales 71,903 65,927
OPERATING EXPENSES:    
Depreciation and depletion (10,610) (8,926)
OTHER OPERATING EXPENSES:    
Income (loss) from equity method investments 510 1,278
OTHER INCOME (EXPENSE):    
Loss before income and mining taxes 3,231 8,514
Income and mining tax recovery (Note 17) 5 191
Net (loss) income and comprehensive (loss) income attributable to McEwen shareholders $ 2,192 $ 3,667