SEGMENTED INFORMATION

9 Months Ended

Sep. 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 nine months ended September 30, 2016 and 2015 is as follows:

							Corporate &
	Argentina		Mexico		U.S.		Other		Total
For the three months ended September 30, 2016
Gold and silver sales	$	—	$	13,423	$	—	$	—	$	13,423
Production costs applicable to sales		—		(6,409)		—		—		(6,409)
Mine development costs		—		(341)		(593)		—		(934)
Exploration costs		(543)		(1,094)		(505)		(24)		(2,166)
General and administrative expenses		(234)		(474)		(69)		(2,456)		(3,233)
Income from investment in Minera Santa Cruz S.A. (net of amortization)		4,693		—		—		—		4,693
Operating income (loss)		3,680		3,636		(2,097)		(2,174)		3,045
For the nine months ended September 30, 2016
Gold and silver sales	$	—	$	49,226	$	—	$	—	$	49,226
Production costs applicable to sales		—		(21,239)		—		—		(21,239)
Mine development costs		—		(1,038)		(1,910)		—		(2,948)
Exploration costs		(1,046)		(2,739)		(1,692)		(118)		(5,595)
General and administrative expenses		(419)		(1,963)		(176)		(6,043)		(8,601)
Income from investment in Minera Santa Cruz S.A. (net of amortization)		13,789		—		—		—		13,789
Operating income (loss)		11,824		19,001		(5,195)		(5,486)		20,144
As at September 30, 2016
Investment in Minera Santa Cruz S.A.	$	167,626	$	—	$	—	$	—	$	167,626
Mineral property interests		191,490		14,062		36,798		—		242,350
Total assets		373,732		69,002		37,571		19,530		499,835

							Corporate &
	Argentina		Mexico		U.S.		Other		Total
For the three months ended September 30, 2015
Gold and silver sales	$	—	$	22,503	$	—	$	—	$	22,503
Production costs applicable to sales		—		(11,170)		—		—		(11,170)
Mine development costs		—		(112)		—		—		(112)
Exploration costs		(268)		(788)		(718)		(56)		(1,830)
General and administrative expenses		(166)		(391)		(45)		(1,674)		(2,276)
Loss from investment in Minera Santa Cruz S.A. (net of amortization)		(1,641)		—		—		—		(1,641)
Impairment of mineral property interests and property and equipment		—		—		(1,198)		—		(1,198)
Operating (loss) income		(2,224)		8,837		(2,942)		(1,789)		1,882
For the nine months ended September 30, 2015
Gold and silver sales	$	—	$	61,545	$	—	$	—	$	61,545
Production costs applicable to sales		—		(28,912)		—		—		(28,912)
Mine development costs		—		(449)		—		—		(449)
Exploration costs		(1,190)		(3,662)		(2,172)		(228)		(7,252)
General and administrative expenses		(486)		(2,405)		(153)		(5,717)		(8,761)
Loss on investment in Minera Santa Cruz S.A. (net of amortization)		(3,964)		—		—		—		(3,964)
Impairment of mineral property interests and property and equipment		—		—		(29,740)		—		(29,740)
Operating (loss) income		(6,077)		23,047		(33,473)		(6,124)		(22,627)
As at September 30, 2015
Investment in Minera Santa Cruz S.A.	$	172,506	$	—	$	—	$	—	$	172,506
Mineral property interests		202,889		9,730		44,487		—		257,106
Total assets		377,917		56,938		45,058		24,837		504,750