SEGMENTED INFORMATION

3 Months Ended

Mar. 31, 2016

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 operating segments as of, and for the three months ended March 31, 2016 and 2015 is as follows:

							Corporate &
	Argentina		Mexico		U.S.		Other		Total
For the three months ended March 31, 2016
Gold and silver sales	$	—	$	21,190	$	—	$	—	$	21,190
Production costs applicable to sales		—		(9,067)		—		—		(9,067)
Mine development costs		—		(78)		(620)		—		(698)
Exploration costs		(310)		(785)		(588)		(57)		(1,740)
General and administrative expenses		(39)		(719)		(55)		(1,955)		(2,768)
Income from investment in Minera Santa Cruz S.A. (net of amortization)		4,963		—		—		—		4,963
Operating income (loss)		4,477		9,496		(1,527)		(2,076)		10,370
As at March 31, 2016
Investment in Minera Santa Cruz S.A.	$	169,444	$	—	$	—	$	—	$	169,444
Mineral property interests		191,490		9,086		36,797		—		237,373
Total assets		365,899		62,228		37,241		14,622		479,990

							Corporate &
	Argentina		Mexico		U.S.		Other		Total
For the three months ended March 31, 2015
Gold and silver sales	$	—	$	22,882	$	—	$	—	$	22,882
Production costs applicable to sales		—		(10,454)		—		—		(10,454)
Mine development costs		—		(174)		—		—		(174)
Exploration costs		(263)		(1,599)		(389)		(91)		(2,342)
General and administrative expenses		(147)		(873)		(60)		(2,128)		(3,208)
Income from investment in Minera Santa Cruz S.A. (net of amortization)		329		—		—		—		329
Operating income (loss)		(219)		8,347		(681)		(2,279)		5,168
As at March 31, 2015
Investment in Minera Santa Cruz S.A.	$	177,347	$	—	$	—	$	—	$	177,347
Mineral property interests		202,889		10,374		74,227		—		287,490
Total assets		382,883		58,970		74,885		9,995		526,733