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SEGMENTED INFORMATION | 3 Months Ended
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Mar. 31, 2014
SEGMENTED INFORMATION |
SEGMENTED INFORMATION | NOTE 11 SEGMENTED INFORMATION McEwen Mining is a mining and minerals exploration, development and production 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. The financial information relating to the Company’s segments as of, and for the three months ended, March 31, 2014 and 2013 is as follows:
|  | For the three months ended March 31, 2014 |
|  |  |  |  |  |  |  | Corporate |  |  |
|  | Argentina |  | Mexico |  | U.S. |  | & Other |  | Total |
|  | (in thousands) |
For the three months ended March 31, 2014 |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 11,130 |  | $ | — |  | $ | — |  | $ | 11,130 |
Production costs applicable to sales |  | — |  | (8,527 | ) | — |  | — |  | (8,527 | )
Mine construction costs |  | — |  | (939 | ) | — |  | — |  | (939 | )
Mine development costs |  | — |  | (1,568 | ) | — |  | — |  | (1,568 | )
Exploration costs |  | (501 | ) | (1,388 | ) | (686 | ) | (105 | ) | (2,680 | )
Income on investment in Minera Santa Cruz S.A. (net of amortization) |  | 7,029 |  | — |  | — |  | — |  | 7,029 |
Operating income (loss) |  | 6,258 |  | (3,048 | ) | (1,429 | ) | (2,343 | ) | (562 | )
As at March 31, 2014 |  |  |  |  |  |  |  |  |  |  |
Investment in Minera Santa Cruz S.A. |  | 216,031 |  | — |  | — |  | — |  | 216,031 |
Mineral property interests |  | 458,203 |  | 11,662 |  | 172,781 |  | — |  | 642,646 |
Total assets |  | 677,246 |  | 57,433 |  | 176,862 |  | 13,070 |  | 924,611 |
|  | For the three months ended March 31, 2013 |
|  |  |  |  |  |  |  | Corporate |  |  |
|  | Argentina |  | Mexico |  | U.S. |  | & Other |  | Total |
|  | (in thousands) |
For the three months ended March 31, 2013 |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 13,498 |  | $ | — |  | $ | — |  | $ | 13,498 |
Production costs applicable to sales |  | — |  | (10,593 | ) | — |  | — |  | (10,593 | )
Mine development costs |  | — |  | (471 | ) | — |  | — |  | (471 | )
Exploration costs |  | (11,462 | ) | (2,485 | ) | (580 | ) | (73 | ) | (14,600 | )
Loss on investment in Minera Santa Cruz S.A. (net of amortization) |  | (237 | ) | — |  | — |  | — |  | (237 | )
Operating loss |  | (11,912 | ) | (2,050 | ) | (945 | ) | (3,460 | ) | (18,367 | )
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 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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