SEGMENTED INFORMATION

9 Months Ended

Sep. 30, 2013

SEGMENTED INFORMATION

SEGMENTED INFORMATION

NOTE 11   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.

The financial information relating to the Company’s segments is as follows:

										Corporate
	Argentina			Mexico			U.S.			& Other			Total
	(in thousands)
For the three months ended September 30, 2013
Gold and silver sales	$	—		$	11,778		$	—		$	—		$	11,778
Income on investment in Minera Santa Cruz S.A. (net of amortization)	2,040			—			—			—			2,040
Production costs applicable to sales	—			7,907			—			—			7,907
Mine development costs	—			747			—			—			747
Exploration costs	631			1,148			634			162			2,575
Impairment of mineral property interests and property and equipment	—			—			6,287			—			6,287
Gain on sale of assets	(10		)	—			(40		)	—			(50		)
Operating income (loss)	1,131			393			(8,499		)	(1,870		)	(8,845		)
For the nine months ended September 30, 2013
Gold and silver sales	$	—		$	35,735		$	—		$	—		$	35,735
Income on investment in Minera Santa Cruz S.A. (net of amortization)	252			—			—			—			252
Production costs applicable to sales	—			26,778			—			—			26,778
Mine development costs	—			1,316			—			—			1,316
Exploration costs	14,110			5,582			2,084			288			22,064
Impairment of investment in MSC	95,878			—			—			—			95,878
Impairment of mineral property interests and property and equipment	27,729			—			6,287			—			34,016
Loss (gain) on sale of assets	316			—			6,428			(3		)	6,741
Operating income (loss)	(139,297		)	(2,627		)	(17,102		)	(7,840		)	(166,866		)
As at September 30, 2013
Investment in Minera Santa Cruz S.A.	177,080			—			—			—			177,080
Mineral property interests	511,363			12,093			201,385			—			724,841
Total assets	691,579			51,272			205,457			24,943			973,251

									Corporate
	Argentina		Mexico			U.S.			& Other			Total
	(in thousands)
For the three months ended September 2012
Gold and silver sales	—		456			—			—			456
Income on investment in Minera Santa Cruz S.A. (net of amortization) (adjusted - note 6)	$	11,240	$	—		$	—		$	—		$	11,240
Production costs applicable to sales	—		119			—			—			119
Mine development and operating costs	—		2,406			—			—			2,406
Mine construction costs	—		4,671			—			—			4,671
Exploration costs	1,539		3,847			999			323			6,708
Operating income (loss) (adjusted - note 6)	9,129		(12,650		)	(4,234		)	(2,870		)	(10,625		)
For the nine months ended September 30, 2012
Gold and silver sales	—		456			—			—			456
Income on investment in Minera Santa Cruz S.A. (net of amortization) (adjusted - note 6)	$	14,968	$	—		$	—		$	—		$	14,968
Production costs applicable to sales	—		119			—			—			119
Mine development and operating costs	—		8,622			—			—			8,622
Mine construction costs	—		13,306			—			—			13,306
Exploration costs	11,369		12,394			3,905			897			28,565
Operating income (loss) (adjusted - note 6)	1,440		(38,733		)	(7,864		)	(11,451		)	(56,608		)
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