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SEGMENTED INFORMATION | 9 Months Ended
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Sep. 30, 2016
SEGMENTED INFORMATION |
SEGMENTED INFORMATION | NOTE 13 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/or 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 operating segments as of, and for the three and nine months ended September 30, 2016 and 2015 is as follows:
|  |  |  |  |  |  |  |  |  |  | Corporate & |  |  |  |
|  | Argentina |  | Mexico |  | U.S. |  | Other |  | Total |
For the three months ended September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 13,423 |  | $ | — |  | $ | — |  | $ | 13,423 |
Production costs applicable to sales |  |  | — |  |  | (6,409) |  |  | — |  |  | — |  |  | (6,409) |
Mine development costs |  |  | — |  |  | (341) |  |  | (593) |  |  | — |  |  | (934) |
Exploration costs |  |  | (543) |  |  | (1,094) |  |  | (505) |  |  | (24) |  |  | (2,166) |
General and administrative expenses |  |  | (234) |  |  | (474) |  |  | (69) |  |  | (2,456) |  |  | (3,233) |
Income from investment in Minera Santa Cruz S.A. (net of amortization) |  |  | 4,693 |  |  | — |  |  | — |  |  | — |  |  | 4,693 |
Operating income (loss) |  |  | 3,680 |  |  | 3,636 |  |  | (2,097) |  |  | (2,174) |  |  | 3,045 |
For the nine months ended September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 49,226 |  | $ | — |  | $ | — |  | $ | 49,226 |
Production costs applicable to sales |  |  | — |  |  | (21,239) |  |  | — |  |  | — |  |  | (21,239) |
Mine development costs |  |  | — |  |  | (1,038) |  |  | (1,910) |  |  | — |  |  | (2,948) |
Exploration costs |  |  | (1,046) |  |  | (2,739) |  |  | (1,692) |  |  | (118) |  |  | (5,595) |
General and administrative expenses |  |  | (419) |  |  | (1,963) |  |  | (176) |  |  | (6,043) |  |  | (8,601) |
Income from investment in Minera Santa Cruz S.A. (net of amortization) |  |  | 13,789 |  |  | — |  |  | — |  |  | — |  |  | 13,789 |
Operating income (loss) |  |  | 11,824 |  |  | 19,001 |  |  | (5,195) |  |  | (5,486) |  |  | 20,144 |
As at September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Minera Santa Cruz S.A. |  | $ | 167,626 |  | $ | — |  | $ | — |  | $ | — |  | $ | 167,626 |
Mineral property interests |  |  | 191,490 |  |  | 14,062 |  |  | 36,798 |  |  | — |  |  | 242,350 |
Total assets |  |  | 373,732 |  |  | 69,002 |  |  | 37,571 |  |  | 19,530 |  |  | 499,835 |
|  |  |  |  |  |  |  |  |  |  | Corporate & |  |  |  |
|  | Argentina |  | Mexico |  | U.S. |  | Other |  | Total |
For the three months ended September 30, 2015 |  |  |
Gold and silver sales |  | $ | — |  | $ | 22,503 |  | $ | — |  | $ | — |  | $ | 22,503 |
Production costs applicable to sales |  |  | — |  |  | (11,170) |  |  | — |  |  | — |  |  | (11,170) |
Mine development costs |  |  | — |  |  | (112) |  |  | — |  |  | — |  |  | (112) |
Exploration costs |  |  | (268) |  |  | (788) |  |  | (718) |  |  | (56) |  |  | (1,830) |
General and administrative expenses |  |  | (166) |  |  | (391) |  |  | (45) |  |  | (1,674) |  |  | (2,276) |
Loss from investment in Minera Santa Cruz S.A. (net of amortization) |  |  | (1,641) |  |  | — |  |  | — |  |  | — |  |  | (1,641) |
Impairment of mineral property interests and property and equipment |  |  | — |  |  | — |  |  | (1,198) |  |  | — |  |  | (1,198) |
Operating (loss) income |  |  | (2,224) |  |  | 8,837 |  |  | (2,942) |  |  | (1,789) |  |  | 1,882 |
For the nine months ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 61,545 |  | $ | — |  | $ | — |  | $ | 61,545 |
Production costs applicable to sales |  |  | — |  |  | (28,912) |  |  | — |  |  | — |  |  | (28,912) |
Mine development costs |  |  | — |  |  | (449) |  |  | — |  |  | — |  |  | (449) |
Exploration costs |  |  | (1,190) |  |  | (3,662) |  |  | (2,172) |  |  | (228) |  |  | (7,252) |
General and administrative expenses |  |  | (486) |  |  | (2,405) |  |  | (153) |  |  | (5,717) |  |  | (8,761) |
Loss on investment in Minera Santa Cruz S.A. (net of amortization) |  |  | (3,964) |  |  | — |  |  | — |  |  | — |  |  | (3,964) |
Impairment of mineral property interests and property and equipment |  |  | — |  |  | — |  |  | (29,740) |  |  | — |  |  | (29,740) |
Operating (loss) income |  |  | (6,077) |  |  | 23,047 |  |  | (33,473) |  |  | (6,124) |  |  | (22,627) |
As at September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Minera Santa Cruz S.A. |  | $ | 172,506 |  | $ | — |  | $ | — |  | $ | — |  | $ | 172,506 |
Mineral property interests |  |  | 202,889 |  |  | 9,730 |  |  | 44,487 |  |  | — |  |  | 257,106 |
Total assets |  |  | 377,917 |  |  | 56,938 |  |  | 45,058 |  |  | 24,837 |  |  | 504,750 |

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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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 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=68060357&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 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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