OPERATING SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

OPERATING SEGMENT REPORTING

Schedule of significant information relating to reportable operating segments

Year ended December 31, 2023	USA			Canada	Mexico		MSC		McEwen Copper (1)		Total
Revenue from gold and silver sales	$	83,409	$	81,295	$	1,527	$	—	$	—	$	166,231
Production costs applicable to sales		(67,335)		(51,895)		—		—		—		(119,230)
Depreciation and depletion		(7,130)		(22,091)		—		—		—		(29,221)
Gross profit		8,944		7,309		1,527		—		—		17,780
Advanced projects		—		—		(6,292)		—		(76,345)		(82,637)
Exploration		(6,225)		(13,556)		—		—		(386)		(20,167)
Income (loss) from equity investments		—		—		—		62		(57,821)		(57,759)
Segment loss	$	2,719	$	(6,247)	$	(4,765)	$	62	$	(134,552)	$	(142,783)
Gain on deconsolidation of McEwen Copper Inc.												222,157
General and administrative and other												(12,338)
Income before income and mining taxes											$	67,036
Capital expenditures	$	9,028	$	9,131	$	1,258	$	—	$	6,781	$	26,198

(1) Includes the consolidated results for McEwen Copper for the period from January 1, 2023 to October 10, 2023 and the loss from the equity accounted investment for the period from October 11, 2023 to December 31, 2023.

Year ended December 31, 2022	USA		Canada		Mexico		MSC		McEwen Copper		Total
Revenue from gold and silver sales	$	47,926	$	60,848	$	1,643	$	—	$	—	$	110,417
Production costs applicable to sales		(43,500)		(36,845)		(10,915)		—		—		(91,260)
Depreciation and depletion		(4,737)		(14,964)		—		—		—		(19,701)
Gross (loss) profit		(311)		9,039		(9,272)		—		—		(544)
Advanced projects		(52)		(1,206)		(4,322)		—		(61,148)		(66,728)
Exploration		(4,828)		(9,443)		(2)		—		(700)		(14,973)
Income from equity investments		—		—		—		2,776		—		2,776
Segment (loss) income	$	(5,191)	$	(1,610)	$	(13,596)	$	2,776	$	(61,848)	$	(79,469)
General and administrative and other												(819)
Loss before income and mining taxes											$	(80,288)
Capital expenditures	$	5,374	$	15,317	$	2,800	$	—	$	2,743	$	26,234

Year ended December 31, 2021	USA		Canada		Mexico		MSC		McEwen Copper		Total
Revenue from gold and silver sales	$	79,205	$	50,704	$	6,632	$	—	$	—	$	136,541
Production costs applicable to sales		(73,990)		(32,961)		(12,272)		—		—		(119,223)
Depreciation and depletion		(8,502)		(15,296)		—		—		—		(23,798)
Gross (loss) profit		(3,287)		2,447		(5,640)		—		—		(6,480)
Advanced projects		(440)		(2,635)		(4,345)		—		(5,019)		(12,439)
Exploration		(5,875)		(15,017)		(14)		—		(1,698)		(22,604)
Loss from equity investments		—		—		—		(7,533)		—		(7,533)
Segment loss	$	(9,602)	$	(15,205)	$	(9,999)	$	(7,533)	$	(6,717)	$	(49,056)
General and administrative and other												(15,143)
Loss before income and mining taxes											$	(64,199)
Capital expenditures	$	2,416	$	33,617	$	—	$	—	$	—	$	36,033

Schedule of geographic information

	Non-current Assets				Revenue (1)
	December 31,		December 31,		Year ended December 31,
	2023		2022		2023		2022		2021
USA	$	71,234	$	70,577	$	83,409	$	47,926	$	79,205
Canada		83,674		91,552		81,295		60,848		50,704
Mexico		30,304		29,219		1,527		1,643		6,632
Argentina (2), (3)		419,366		255,718		—		—		—
Total Consolidated	$	604,578	$	447,066	$	166,231	$	110,417	$	136,541

(1) Presented based on the location from which the product originated.

(2) Includes Investment in MSC of $93.2 million as of December 31, 2023 (December 31, 2022 - $93.5 million).

(3) Includes Investment in McEwen Copper of $326.1 million as of December 31, 2023 (December 31, 2022 - $nil).

Summary of revenue from gold and silver sales for significant customers

		Year ended December 31,
		2023		2022		2021
Auramet International LLC (“Auramet”)	$	136,911	$	50,580	$	—
Asahi Refining Inc.		24,639		57,835		134,395
Other		4,681		2,002		2,146
Revenue from gold and silver sales	$	166,231	$	110,417	$	136,541