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OPERATING SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2022

OPERATING SEGMENT REPORTING

Schedule of significant information relating to reportable operating segments

Year ended December 31, 2022

USA

Canada

Mexico

MSC

McEwen Copper

Total

Revenue from gold and silver sales

$

47,926

$

60,848

$

1,643

$

—

$

—

$

110,417

Production costs applicable to sales

(43,500)

(36,845)

(10,915)

—

—

(91,260)

Depreciation and depletion

(4,737)

(14,964)

—

—

—

(19,701)

Gross profit (loss)

(311)

9,039

(9,272)

—

—

(544)

Advanced projects

(52)

(1,206)

(4,322)

—

$

(61,148)

(66,728)

Exploration

(4,828)

(9,443)

(2)

—

(700)

(14,973)

Gain from investment in Minera Santa Cruz S.A.

—

—

—

2,776

—

2,776

Segment profit (loss)

$

(5,191)

$

(1,610)

$

(13,596)

$

2,776

$

(61,848)

$

(79,469)

General and administrative and other

(819)

Loss before income and mining taxes

$

(80,288)

Capital expenditures

$

5,374

$

15,317

$

2,800

$

—

$

2,743

$

26,234


Year ended December 31, 2021		USA			Canada			Mexico			MSC			McEwen Copper			Total
Revenue from gold and silver sales		$	79,205		$	50,704		$	6,632		$	—		$	—		$	136,541
Production costs applicable to sales			(73,990)			(32,961)			(12,272)			—			—			(119,223)
Depreciation and depletion			(8,502)			(15,296)			—			—			—			(23,798)
Gross (loss) profit			(3,287)			2,447			(5,640)			—			—			(6,480)

Advanced projects			(440)			(2,635)			(4,345)			—		$	(5,019)			(12,439)
Exploration			(5,875)			(15,017)			(14)			—			(1,698)			(22,604)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(7,533)			—			(7,533)
Segment loss		$	(9,602)		$	(15,205)		$	(9,999)		$	(7,533)		$	(6,717)		$	(49,056)
General and administrative and other																		(15,143)
Loss before income and mining taxes																	$	(64,199)

Capital expenditures		$	2,416		$	33,617		$	—		$	—		$	—		$	36,033

0
Year ended December 31, 2020		USA			Canada			Mexico			MSC			McEwen Copper			Total
Revenue from gold and silver sales		$	48,884		$	41,452		$	14,453		$	—		$	—		$	104,789
Production costs applicable to sales			(58,465)			(34,639)			(15,723)			—			—			(108,827)
Depreciation and depletion			(11,785)			(10,883)			(242)			—			—			(22,910)
Gross loss			(21,366)			(4,070)			(1,512)			—			—			(26,948)

Advanced projects			(1,071)			(6,088)			(4,522)			—			—			(11,681)
Exploration			(6,777)			(6,450)			(513)			—			(2,121)			(15,861)
Impairment of mineral property interests and plant and equipment			(83,805)			—			—			—			—			(83,805)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(1,517)			—			(1,517)
Other operating			(1,390)			(578)			—			—			—			(1,968)
Segment loss		$	(114,409)		$	(17,186)		$	(6,547)		$	(1,517)		$	(2,121)		$	(141,780)
General and administrative and other																		(11,935)
Loss before income and mining taxes																	$	(153,715)

Capital expenditures		$	4,821		$	9,104		$	—		$	—		$	—		$	13,925

Schedule of geographic information


		Non-current Assets						Revenue ⁽¹⁾
		Year ended December 31,						Year ended December 31,
		2022			2021			2022			2021			2020
USA		$	70,577		$	37,878		$	47,926		$	79,205		$	48,884
Canada			91,552			93,294			60,848			50,704			41,452
Mexico			29,219			26,561			1,643			6,632			14,453
Argentina ⁽²⁾			255,718			282,583			—			—			—
Total Consolidated ⁽³⁾		$	447,066		$	440,316		$	110,417		$	136,541		$	104,789

(1)	Presented based on the location from which the product originated.

(2)	Includes Investment in MSC of $93.5 million as of December 31, 2022 (December 31, 2021 - $90.9 million).

(3)	Total excludes $0.3 million (December 31, 2021 - $0.4 million) related to the Company’s ROU office lease asset as the business activities related to corporate are not considered to be a part of the operating segments