SEGMENTED INFORMATION

6 Months Ended

Jun. 30, 2016

SEGMENTED INFORMATION

SEGMENTED INFORMATION

NOTE 13   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/or 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 and six months ended June 30, 2016 and 2015 is as follows:

							Corporate &
	Argentina		Mexico		U.S.		Other		Total
For the three months ended June 30, 2016
Gold and silver sales	$	—	$	14,613	$	—	$	—	$	14,613
Production costs applicable to sales		—		(5,763)		—		—		(5,763)
Mine development costs		—		(619)		(697)		—		(1,316)
Exploration costs		(193)		(860)		(599)		(37)		(1,689)
General and administrative expenses		(146)		(770)		(52)		(1,632)		(2,600)
Income from investment in Minera Santa Cruz S.A. (net of amortization)		4,133		—		—		—		4,133
Operating income (loss)		3,667		5,869		(1,571)		(1,236)		6,729
For the six months ended June 30, 2016
Gold and silver sales	$	—	$	35,803	$	—	$	—	$	35,803
Production costs applicable to sales		—		(14,830)		—		—		(14,830)
Mine development costs		—		(697)		(1,317)		—		(2,014)
Exploration costs		(503)		(1,645)		(1,187)		(94)		(3,429)
General and administrative expenses		(185)		(1,489)		(107)		(3,587)		(5,368)
Income from investment in Minera Santa Cruz S.A. (net of amortization)		9,096		—		—		—		9,096
Operating income (loss)		8,144		15,365		(3,098)		(3,312)		17,099
As at June 30, 2016
Investment in Minera Santa Cruz S.A.	$	170,807	$	—	$	—	$	—	$	170,807
Mineral property interests		191,490		14,763		36,798		—		243,051
Total assets		369,615		65,023		37,642		20,824		493,104

							Corporate &
	Argentina		Mexico		U.S.		Other		Total
For the three months ended June 30, 2015
Gold and silver sales	$	—	$	16,160	$	—	$	—	$	16,160
Production costs applicable to sales		—		(7,288)		—		—		(7,288)
Mine development costs		—		(163)		—		—		(163)
Exploration costs		(659)		(1,275)		(1,065)		(81)		(3,080)
General and administrative expenses		(173)		(1,141)		(49)		(1,914)		(3,277)
Loss from investment in Minera Santa Cruz S.A. (net of amortization)		(2,652)		—		—		—		(2,652)
Impairment of mineral property interests and property and equipment		—		—		(28,542)		—		(28,542)
Operating (loss) income		(3,634)		5,863		(29,846)		(2,060)		(29,677)
For the six months ended June 30, 2015
Gold and silver sales	$	—	$	39,042	$	—	$	—	$	39,042
Production costs applicable to sales		—		(17,742)		—		—		(17,742)
Mine development costs		—		(337)		—		—		(337)
Exploration costs		(922)		(2,874)		(1,454)		(172)		(5,422)
General and administrative expenses		(320)		(2,014)		(108)		(4,043)		(6,485)
Loss on investment in Minera Santa Cruz S.A. (net of amortization)		(2,323)		—		—		—		(2,323)
Impairment of mineral property interests and property and equipment		—		—		(28,542)		—		(28,542)
Operating (loss) income		(3,853)		14,210		(30,527)		(4,339)		(24,509)
As at June 30, 2015
Investment in Minera Santa Cruz S.A.	$	174,147	$	—	$	—	$	—	$	174,147
Mineral property interests		202,889		10,051		45,685		—		258,625
Total assets		379,987		67,946		46,435		12,247		506,615