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STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

STOCK BASED COMPENSATION

Summary of information about stock options under the Plan

		Number of Shares			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)			Intrinsic Value
		(in thousands, except per share and year data)
Balance at December 31, 2010			3,086		$	2.02			7.6
Granted			947		$	7.10
Exercised			(163	)	$	2.52					$	864
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Balance at December 31, 2011			3,870		$	3.24			7.3
Granted			300		$	5.80
Exercised			(445	)	$	1.84					$	596
Forfeited			(128	)	$	6.27
Expired			(36	)	$	7.96
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Balance at December 31, 2012			3,561		$	3.47			6.6
Granted			1,728		$	2.26
Exercised			(48	)	$	1.97					$	47
Forfeited			(400	)	$	4.57
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Balance at December 31, 2013			4,841		$	2.96			5.2		$	1,190
​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Exercisable at December 31, 2013			2,795		$	2.83			5.3		$	1,190
​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​

Schedule of weighted-average assumptions used for estimation of the fair value of the options granted under the Plan at the date of grant, using the Black-Scholes Option Valuation Model

		2013		2012		2011
Risk-free interest rate		0.50% to 0.86%		0.97%		1.74% to 2.33%
Dividend yield		n/a		n/a		n/a
Volatility factor of the expected market price of common stock		66% to 69%		75%		90% to 100%
Weighted-average expected life of option		3.5 years		6.0 years		6.6 years
Weighted-average grant date fair value		$1.02		$3.80		$4.86

Minera Andes

Stock options outstanding and exercisable

Summary of information about stock options outstanding and exercisable

		Options Outstanding									Options Exercisable
Range of Exercise Price		Number Outstanding			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)			Number Exercisable			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)
C$0.00 - C$1.50			40,500		C$	1.47			1.0			40,500		C$	1.47			1.0
C$1.51 - C$2.00			45,000		C$	1.62			0.9			45,000		C$	1.62			0.9
C$2.01 - C$2.50			369,150		C$	2.27			1.6			369,150		C$	2.27			1.6
C$2.51 - C$3.00			45,000		C$	2.51			1.6			45,000		C$	2.51			1.6

Nevada Pacific Gold Ltd.

Stock options outstanding and exercisable

Summary of information about stock options outstanding and exercisable

		Options Outstanding									Options Exercisable
Range of Exercise Price		Number Outstanding			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)			Number Exercisable			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)
C$0.00 - C$4.50			64,650		C$	4.32			1.7			64,650		C$	4.32			1.7
C$4.51 - C$5.00			112,643		C$	4.74			2.9			112,643		C$	4.74			2.9
C$5.01 - C$5.50			49,450		C$	5.30			0.1			49,450		C$	5.30			0.1
C$5.51 - C$6.70			60,950		C$	6.62			1.9			60,950		C$	6.62			1.9

McEwen Mining Inc.

Stock options outstanding and exercisable

Summary of information about stock options outstanding and exercisable

		Options Outstanding									Options Exercisable
Range of Exercise Price		Number Outstanding			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)			Number Exercisable			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)
$0.00 - $2.00			1,264,000		$	1.02			5.0			1,264,000		$	1.02			5.0
$2.01 - $4.00			2,505,800		$	2.37			4.5			887,800		$	2.58			4.7
$4.01 - $6.00			361,500		$	5.67			7.3			161,500		$	5.50			6.3
$6.01 - $8.31			709,500		$	7.14			7.0			481,501		$	7.16			7.0

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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