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OPERATING SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2023
OPERATING SEGMENT REPORTING  
Schedule of significant information relating to reportable operating segments

Three months ended March 31, 2023

    

USA

    

Canada

    

Mexico

    

MSC

    

McEwen Copper

    

Total

Revenue from gold and silver sales

$

11,587

$

23,165

$

$

$

$

34,752

Production costs applicable to sales

(9,341)

(14,072)

 

(23,413)

Depreciation and depletion

(1,260)

(5,636)

(6,896)

Gross profit

986

3,457

4,443

Advanced projects

(289)

(1,391)

(31,880)

 

(33,560)

Exploration

(773)

(4,740)

(387)

(5,900)

Loss from investment in Minera Santa Cruz S.A.

(3,461)

 

(3,461)

Segment loss

$

(76)

$

(1,283)

$

(1,391)

$

(3,461)

$

(32,267)

$

(38,478)

General and administrative and other

1,532

Loss before income and mining taxes

$

(36,946)

Capital expenditures

$

2,991

$

2,773

$

$

$

954

$

6,718

Three months ended March 31, 2022

    

USA

    

Canada

    

Mexico

    

MSC

    

McEwen Copper

    

Total

Revenue from gold and silver sales

$

11,742

$

12,896

$

904

$

$

$

25,542

Production costs applicable to sales

(14,172)

(8,647)

(5,005)

(27,824)

Depreciation and depletion

(818)

(2,894)

(3,712)

Gross profit (loss)

(3,248)

1,355

(4,101)

(5,994)

Advanced projects

(45)

(91)

(1,243)

$

(9,756)

(11,135)

Exploration

(1,449)

(1,700)

(1)

$

(60)

(3,210)

Loss from investment in Minera Santa Cruz S.A.

(1,120)

$

(1,120)

Segment loss

$

(4,742)

$

(436)

$

(5,345)

$

(1,120)

$

(9,816)

$

(21,459)

General and administrative and other

(419)

Loss before income and mining taxes

$

(21,878)

Capital expenditures

$

277

$

3,546

$

$

$

234

$

4,057

Schedule of geographic information

Long-lived Assets

Revenue (1)

March 31,

December 31,

Three months ended March 31,

    

2023

    

2022

  

2023

2022

USA (2)

$

75,957

$

70,577

$

11,587

$

11,742

Canada

95,326

91,552

23,165

12,896

Mexico

29,218

29,219

904

Argentina (3)

253,707

255,718

Total consolidated

$

454,208

$

447,066

$

34,752

$

25,542

(1)Presented based on the location from which the precious metals originated.
(2)Includes Elder Creek exploration property of $0.8 million as of March 31, 2023 (December 31, 2022 - $0.8 million).
(3)Includes Investment in MSC of $90.0 million as of March 31, 2023 (December 31, 2022 $93.5 million)