Component: (Network and Table)
Network
00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.mcewenmining.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000314203 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
Cash flows from operating activities:
 
 
 
Cash paid to suppliers and employees
(52,340,000) 
(55,260,000) 
(68,993,000) 
Cash received from gold and silver sales
59,517,000  
70,178,000  
43,812,000  
Dividends received from Minera Santa Cruz S.A. (note 6)
17,738,000  
548,000  
9,483,000  
Lease incentive received
  
(328,000) 
Interest paid
(5,000) 
(156,000) 
 
Interest received
276,000  
287,000  
464,000  
Cash provided by (used in) operating activities
25,186,000  
 
15,597,000  
 
(14,906,000) 
 
Cash flows from investing activities:
 
 
 
Acquisition of mineral property interests (note 5)
(5,985,000) 
  
Proceeds from reimbursement of equipment deposit (note 7)
994,000  
  
Additions to property and equipment (note 7)
(1,174,000) 
(777,000) 
(2,788,000) 
Proceeds from disposal of property and equipment (note 7)
 
13,000  
38,000  
Acquisition of investments (note 3)
(4,419,000) 
(1,114,000) 
(446,000) 
Proceeds from sale of investments (note 3)
470,000  
  
Decrease in restricted time deposits for reclamation bonding
  
5,183,000  
Deposits for surety bonds for reclamation bonding
  
(481,000) 
Cash provided by (used) in investing activities
(10,114,000) 
 
(1,878,000) 
 
1,506,000  
 
Cash flows from financing activities:
 
 
 
Proceeds from short-term bank indebtedness (note 8)
 
5,171,000  
 
Repayment of short-term bank indebtedness (note 8)
(3,395,000) 
(1,776,000) 
 
Return of capital distribution (note 11)
(2,986,000) 
(1,503,000) 
 
Share repurchase (note 11)
(582,000) 
(1,769,000) 
 
Proceeds from exercise of stock options (note 11)
3,730,000  
 
2,292,000  
Cash provided by (used in) provided from financing activities
(3,233,000) 
 
123,000  
 
2,292,000  
 
Effect of exchange rate change on cash and cash equivalents
(273,000) 
(348,000) 
(833,000) 
Increase (decrease) in cash and cash equivalents
11,566,000  
 
13,494,000  
 
(11,941,000) 
 
Cash and cash equivalents, beginning of period
25,874,000  
12,380,000  
24,321,000  
Cash and cash equivalents, end of period
37,440,000  
 
25,874,000  
 
12,380,000  
 
Reconciliation of net income (loss) to cash provided by operating activities:
 
 
 
Net income (loss)
21,055,000  
(20,450,000) 
(311,943,000) 
Adjustments to reconcile net income (loss) from operating activities:
 
 
 
(Income) loss from investment in Minera Santa Cruz S.A., net of amortization (note 6)
(12,951,000) 
(2,414,000) 
5,284,000  
Impairment of investment in Minera Santa Cruz S.A., net of amortization
 
11,777,000  
21,162,000  
Impairment of mineral property interests and property and equipment (note 5)
 
50,600,000  
353,736,000  
Other-than-temporary impairment on marketable equity securities (note 3)
882,000  
0  
 
Loss (gain) on disposal of fixed assets (note 7)
(517,000) 
13,000  
26,000  
Lease incentive
  
(328,000) 
Recovery of deferred income taxes (note 10)
(3,749,000) 
(24,560,000) 
(107,170,000) 
Stock-based compensation
1,039,000  
1,305,000  
1,324,000  
Depreciation
1,169,000  
942,000  
979,000  
Revision of estimates and accretion of reclamation obligations (note 9)
595,000  
429,000  
407,000  
Adjustment to the asset retirement obligation estimate (note 9)
1,530,000  
135,000  
 
Amortization of mineral property interests and asset retirement obligations
2,413,000  
1,288,000  
1,236,000  
Foreign exchange loss
273,000  
348,000  
833,000  
Gain on sale of marketable securities (note 3)
(22,000) 
  
Unrealized gain on derivative instrument (note 3)
(1,379,000) 
  
Change in non-cash working capital items:
 
 
 
Shares issued to supplier for settlement of accounts payable
 
443,000  
1,004,000  
Decrease (increase) in VAT taxes receivable, net of collection of $9,523 (2015 - $6,025 and 2014 - $5,049)
5,813,000  
1,707,000  
(148,000) 
Increase in other assets related to operations
(11,156,000) 
(3,003,000) 
(3,638,000) 
Increase (decrease) in liabilities related to operations
1,419,000  
(3,485,000) 
10,891,000  
Shares issued to terminate back-in-right
  
1,352,000  
Dividends received from Minera Santa Cruz S.A. (note 6)
17,738,000  
548,000  
9,483,000  
Cash provided by (used in) operating activities
25,186,000  
 
15,597,000  
 
(14,906,000)