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OPERATING SEGMENT REPORTING
12 Months Ended
Dec. 31, 2013
OPERATING SEGMENT REPORTING  
OPERATING SEGMENT REPORTING

NOTE 16 OPERATING SEGMENT REPORTING

        McEwen Mining is a mining and minerals exploration 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 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.

 
  For the year ended December 31, 2013  
 
  Argentina   Mexico   U.S.   Corporate &
Other
  Total  
 
   
   
  (in thousands)
   
   
 

For the year ended December 31, 2013

                               

Gold and silver sales

  $   $ 45,982   $   $   $ 45,982  

Production costs applicable to sales

        34,594             34,594  

Mine construction costs

        1,383             1,383  

Mine development costs

        847             847  

Exploration costs

    14,776     6,658     2,952     443     24,829  

Income on investment in Minera Santa Cruz S.A. (net of amortization)

    (846 )               (846 )

Impairment of investment in MSC

    95,878                 95,878  

Impairment of mineral property interests and property and equipment

    27,729         35,234         62,963  

Loss (gain) on sale of assets

    316         6,430     (3 )   6,743  

Operating loss

    (139,784 )   (2,998 )   (47,422 )   (10,193 )   (200,397 )

As at December 31, 2013

   
 
   
 
   
 
   
 
   
 
 

Investment in Minera Santa Cruz S.A. 

    212,947                 212,947  

Mineral property interests

    458,203     11,984     172,781         642,968  

Total assets

    674,269     54,131     177,248     17,418     923,066  

 
  For the year ended December 31, 2012  
 
  Argentina   Mexico   U.S.   Corporate &
Other
  Total  
 
   
   
  (in thousands)
   
   
 

Gold and silver sales

  $   $ 5,966   $   $   $ 5,966  

Production costs applicable to sales

        3,861             3,861  

Mine operating costs

        8,507             8,507  

Mine construction costs

        14,260             14,260  

Exploration costs

    25,091     15,918     5,060     1,110     47,179  

Income on investment in Minera Santa Cruz S.A. (net of amortization) (adjusted—note 15)

    (20,835 )               (20,835 )

Impairment of mineral property interests and property and equipment

    179     1,343     16,946         18,468  

Operating loss (adjusted—note 15)

    (8,156 )   (43,417 )   (25,144 )   (14,688 )   (91,405 )

As at December 31, 2012

   
 
   
 
   
 
   
 
   
 
 

Investment in Minera Santa Cruz S.A. 

    273,948                 273,948  

Mineral property interests

    539,092     12,707     215,268         767,067  

Total assets

    825,047     47,359     220,148     58,383     1,150,937  

 
  For the year ended December 31, 2011  
 
  Argentina   Mexico   U.S.   Corporate &
Other
  Total  
 
   
   
  (in thousands)
   
   
 

Mine construction costs

        1,745             1,745  

Exploration costs

        29,160     12,825     998     42,983  

Operating loss

        (35,867 )   (15,412 )   (8,906 )   (60,185 )

As at December 31, 2011

   
 
   
 
   
 
   
 
   
 
 

Mineral property interests

        12,750     232,704         245,454  

Total assets

        33,899     238,402     38,054     310,355