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OPERATING SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2012
OPERATING SEGMENT REPORTING  
OPERATING SEGMENT REPORTING

NOTE 11   OPERATING SEGMENT REPORTING

 

McEwen Mining is engaged in the exploration for and production of precious metals in the U.S., Mexico and Argentina. 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.

 

 

 

 

 

 

 

 

 

Corporate &

 

 

 

 

 

Argentina

 

Mexico

 

U.S.

 

Other

 

Total

 

 

 

(in thousands)

 

For the three months ended March 31, 2012

 

 

 

 

 

 

 

 

 

 

 

Income on investment in Minera Santa Cruz S.A.

 

$

1,198

 

$

—

 

$

—

 

$

—

 

$

1,198

 

Exploration costs

 

4,805

 

4,755

 

1,814

 

410

 

11,784

 

Mine construction and development costs

 

—

 

4,363

 

—

 

—

 

4,363

 

Operating loss

 

(4,274

)

(10,815

)

(2,329

)

(5,557

)

(22,975

)

As at March 31, 2012

 

 

 

 

 

 

 

 

 

 

 

Investment in Minera Santa Cruz S.A.

 

226,197

 

—

 

—

 

—

 

226,197

 

Mineral property interests

 

596,626

 

13,466

 

232,640

 

—

 

842,732

 

Total assets

 

845,488

 

37,594

 

238,051

 

40,860

 

1,161,993

 

 

 

 

 

 

 

 

 

 

Corporate &

 

 

 

 

 

Argentina

 

Mexico

 

U.S.

 

Other

 

Total

 

 

 

(in thousands)

 

For the three months ended March 31, 2011

 

 

 

 

 

 

 

 

 

 

 

Exploration costs

 

—

 

$

4,839

 

$

1,808

 

$

262

 

$

6,909

 

Operating loss

 

—

 

(5,893

)

(1,799

)

(1,785

)

(9,477

)

As at December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

Mineral property interests

 

—

 

$

12,750

 

$

232,704

 

$

—

 

$

245,454

 

Total assets

 

—

 

33,899

 

238,402

 

38,054

 

310,355