OPERATING SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2024

OPERATING SEGMENT REPORTING

Schedule of significant information relating to reportable operating segments

Three months ended March 31, 2024	USA		Canada		Mexico		MSC		McEwen Copper		Total
Revenue from gold and silver sales	$	25,278	$	14,750	$	1,200	$	—	$	—	$	41,228
Production costs applicable to sales		(13,268)		(11,842)		—		—		—		(25,110)
Depreciation and depletion		(6,037)		(4,070)		—		—		—		(10,107)
Gross profit (loss)		5,973		(1,162)		1,200		—		—		6,011
Advanced projects		—		—		(2,454)		—		—		(2,454)
Exploration		(1,082)		(2,789)		—		—		—		(3,871)
Income (loss) from equity investments		—		—		—		1,278		(18,012)		(16,734)
Segment income (loss)	$	4,891	$	(3,951)	$	(1,254)	$	1,278	$	(18,012)	$	(17,048)
General and administrative and other												(5,892)
Loss before income and mining taxes											$	(22,940)
Capital expenditures	$	929	$	2,780	$	813	$	—	$	—	$	4,522

Three months ended March 31, 2023	USA		Canada		Mexico		MSC		McEwen Copper		Total
Revenue from gold and silver sales	$	11,587	$	23,165	$	—	$	—	$	—	$	34,752
Production costs applicable to sales		(9,341)		(14,072)		—		—		—		(23,413)
Depreciation and depletion		(1,260)		(5,636)		—		—		—		(6,896)
Gross profit		986		3,457		—		—		—		4,443
Advanced projects		(289)		—		(1,391)		—		(31,880)		(33,560)
Exploration		(773)		(4,740)		—		—		(387)		(5,900)
Loss from equity investments		—		—		—		(3,461)		—		(3,461)
Segment loss	$	(76)	$	(1,283)	$	(1,391)	$	(3,461)	$	(32,267)	$	(38,478)
General and administrative and other												1,532
Loss before income and mining taxes											$	(36,946)
Capital expenditures	$	2,991	$	2,773	$	—	$	—	$	954	$	6,718

Schedule of geographic information

	Non-current Assets				Revenue (1)
	March 31,		December 31,		Three months ended March 31,
	2024		2023		2024		2023
USA	$	73,028	$	71,234	$	25,278	$	11,587
Canada		61,908		83,674		14,750		23,165
Mexico		31,116		30,304		1,200		—
Argentina (2)		420,643		419,366		—		—
Total Consolidated	$	586,695	$	604,578	$	41,228	$	34,752

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

(2) Includes Investment in MSC of $94.5 million (December 31, 2023 – $93.2 million) and Investment in McEwen Copper of $308.1 million (December 31, 2023 – $326.1 million).