SEGMENTED INFORMATION

6 Months Ended

Jun. 30, 2013

SEGMENTED INFORMATION

SEGMENTED INFORMATION

NOTE 10   SEGMENTED INFORMATION

McEwen Mining is a mining and minerals exploration, development and production company focused on precious metals in Argentina, Mexico and the United States.  The Company identifies its reportable segments as those consolidated operations that are currently engaged in the exploration for and production of precious metals.  Operations not actively engaged in the exploration for, or production of precious metals, are aggregated at the corporate level for segment reporting purposes.

										Corporate
	Argentina			Mexico			U.S.			& Other			Total
	(in thousands)
For the three months ended June 30, 2013
Gold and silver sales	$	—		$	10,459		$	—		$	—		$	10,459
Loss on investment in Minera Santa Cruz S.A. (net of amortization)	(1,551		)	—			—			—			(1,551		)
Production costs applicable to sales	—			8,278			—			—			8,278
Mine development costs	—			98			—			—			98
Exploration costs	2,017			1,949			870			53			4,889
Impairment of investment in MSC	95,878			—			—			—			95,878
Impairment of mineral property interests and property and equipment	27,729			—			—			—			27,729
Loss (gain) on sale of assets	326			—			6,468			(3		)	6,791
Operating loss	(129,703		)	(970		)	(6,110		)	(2,871		)	(139,654		)
For the six months ended June 30, 2013
Gold and silver sales	$	—		$	23,957		$	—		$	—		$	23,957
Loss on investment in Minera Santa Cruz S.A. (net of amortization)	(1,788		)	—			—			—			(1,788		)
Production costs applicable to sales	—			18,871			—			—			18,871
Mine development costs	—			569			—			—			569
Exploration costs	13,479			4,434			1,450			126			19,489
Impairment of investment in MSC	95,878			—			—			—			95,878
Impairment of mineral property interests and property and equipment	27,729			—			—			—			27,729
Loss (gain) on sale of assets	326			—			6,468			(3		)	6,791
Operating loss	(141,615		)	(3,020		)	(7,055		)	(6,331		)	(158,021		)
As at June 30, 2013
Investment in Minera Santa Cruz S.A.	176,282			—			—			—			176,282
Mineral property interests	511,363			12,187			207,899			—			731,449
Total assets	691,504			48,799			213,099			28,969			982,371

										Corporate
	Argentina			Mexico			U.S.			& Other			Total
	(in thousands)
For the three months ended June 30, 2012
Income on investment in Minera Santa Cruz S.A. (net of amortization) (adjusted - note 6)	$	679		$	—		$	—		$	—		$	679
Mine development and operating costs	—			3,494			—			—			3,494
Mine construction costs	—			6,994			—			—			6,994
Exploration costs	5,025			3,792			1,092			164			10,073
Operating loss (adjusted - note 6)	(5,266		)	(15,268		)	(1,301		)	(3,024		)	(24,859		)
For the six months ended June 30, 2012
Income on investment in Minera Santa Cruz S.A. (net of amortization) (adjusted - note 6)	$	3,728		$	—		$	—		$	—		$	3,728
Mine development and operating costs	—			6,216			—			—			6,216
Mine construction costs	—			8,635			—			—			8,635
Exploration costs	9,830			8,547			2,906			574			21,857
Operating loss (adjusted - note 6)	(7,689		)	(26,083		)	(3,630		)	(8,581		)	(45,983		)
As at December 31, 2012
Investment in Minera Santa Cruz S.A.	273,948			—			—			—			273,948
Mineral property interests	539,092			12,707			215,268			—			767,067
Total assets	825,047			47,359			220,148			58,383			1,150,937