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Mineral Properties, Plant and Equipment | 12 Months Ended
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Dec. 31, 2019
Property, plant and equipment [abstract] |
Mineral Properties, Plant and Equipment |
12. MINERAL PROPERTIES, PLANT AND EQUIPMENT |  |
Acquisition costs of investment and non-producing properties together with costs directly related to mine development expenditures are capitalized. Exploration expenditures on investment and non-producing properties are charged to expense in the period they are incurred. Capitalization of evaluation expenditures commences when there is a high degree of confidence in the project’s viability and hence it is probable that future economic benefits will flow to the Company. Evaluation expenditures, other than that acquired from the purchase of another mining company, are carried forward as an asset provided that such costs are expected to be recovered in full through successful development and exploration of the area of interest, or alternatively by its sale. Evaluation expenditures include delineation drilling, metallurgical evaluations, and geotechnical evaluations amongst others. Mineral properties, plant and equipment consist of:
|  | Mining Properties |  |  |  |
|  | Depletable |  | Non-depletable |  |  |  |
|  | Reserves and Resources |  | Reserves and Resources |  | Exploration and Evaluation |  | Plant and Equipment |  | Total
Carrying value |  |  |  |  |  |  |  |  |  |
As at January 1, 2019 |  |  |  |  |  |  |  |  |  |
Net of accumulated depreciation |  | $ | 678,489 |  |  | $ | 73,375 |  |  | $ | 249,231 |  |  | $ | 299,907 |  |  | $ | 1,301,002 |
Additions |  | 152,033 |  |  | 42,487 |  |  | 549 |  |  | 68,664 |  |  | 263,733 |
Tahoe acquisition (Note 8) |  | 314,604 |  |  | 274,817 |  |  | 194,900 |  |  | 455,080 |  |  | 1,239,401 |
Disposals |  | (2,461 | ) |  | (13 | ) |  | — |  |  | (2,010 | ) |  | (4,484 | )
Depreciation and amortization |  | (113,067 | ) |  | — |  |  | — |  |  | (140,386 | ) |  | (253,453 | )
Depreciation charge captured in inventory |  | (33,810 | ) |  | — |  |  | — |  |  | — |  |  | (33,810 | )
Impairment charge |  | — |  |  | (33,245 | ) |  | (6,805 | ) |  | — |  |  | (40,050 | )
Transfers |  | (77,598 | ) |  | (25,872 | ) |  | 13,051 |  |  | 90,419 |  |  | — |
Closure and decommissioning – changes in estimate (Note 17) |  | 32,562 |  |  | — |  |  | — |  |  | — |  |  | 32,562 |
As at December 31, 2019 |  | $ | 950,752 |  |  | $ | 331,549 |  |  | $ | 450,926 |  |  | $ | 771,674 |  |  | $ | 2,504,901 |
Cost as at December 31, 2019 |  | $ | 2,429,815 |  |  | $ | 398,485 |  |  | $ | 876,859 |  |  | $ | 1,476,170 |  |  | $ | 5,181,329 |
Accumulated depreciation and impairments |  | (1,479,063 | ) |  | (66,936 | ) |  | (425,933 | ) |  | (704,496 | ) |  | (2,676,428 | )
Carrying value – December 31, 2019 |  | $ | 950,752 |  |  | $ | 331,549 |  |  | $ | 450,926 |  |  | $ | 771,674 |  |  | $ | 2,504,901 |
|  | Mining Properties |  |  |  |
|  | Depletable |  | Non-depletable |  |  |  |
|  | Reserves and Resources |  | Reserves and Resources |  | Exploration and Evaluation |  | Plant and Equipment |  | Total
Carrying value |  |  |  |  |  |  |  |  |  |
As at January 1, 2018 |  |  |  |  |  |  |  |  |  |
Net of accumulated depreciation |  | $ | 766,883 |  |  | $ | 71,809 |  |  | $ | 253,128 |  |  | $ | 244,863 |  |  | $ | 1,336,683 |
Additions |  | 106,701 |  |  | 25,423 |  |  | — |  |  | 16,896 |  |  | 149,020 |
Disposals |  | — |  |  | (396 | ) |  | — |  |  | (937 | ) |  | (1,333 | )
Depreciation and amortization |  | (68,935 | ) |  | — |  |  | — |  |  | (78,354 | ) |  | (147,289 | )
Depreciation charge captured in inventory |  | (12,620 | ) |  | — |  |  | — |  |  | — |  |  | (12,620 | )
Impairment charge |  | (2,144 | ) |  | (25,113 | ) |  | — |  |  | (532 | ) |  | (27,789 | )
Transfers |  | (115,726 | ) |  | 1,652 |  |  | (3,897 | ) |  | 117,971 |  |  | — |
Closure and decommissioning – changes in estimate (Note 17) |  | 4,330 |  |  | — |  |  | — |  |  | — |  |  | 4,330 |
As at December 31, 2018 |  | $ | 678,489 |  |  | $ | 73,375 |  |  | $ | 249,231 |  |  | $ | 299,907 |  |  | $ | 1,301,002 |
Cost as at December 31, 2018 |  | $ | 1,997,880 |  |  | $ | 104,614 |  |  | $ | 668,358 |  |  | $ | 939,993 |  |  | $ | 3,710,845 |
Accumulated depreciation and impairments |  | (1,319,391 | ) |  | (31,239 | ) |  | (419,127 | ) |  | (640,086 | ) |  | (2,409,843 | )
Carrying value – December 31, 2018 |  | $ | 678,489 |  |  | $ | 73,375 |  |  | $ | 249,231 |  |  | $ | 299,907 |  |  | $ | 1,301,002 |
|  | December 31, 2019 |  | December 31, 2018
|  | Cost |  | Accumulated Depreciation and Impairment |  | Carrying Value |  | Cost |  | Accumulated Depreciation and Impairment |  | Carrying Value
Huaron, Peru |  | $ | 215,109 |  |  | $ | (126,301 | ) |  | $ | 88,808 |  |  | $ | 207,360 |  |  | $ | (114,288 | ) |  | $ | 93,072 |
Morococha, Peru |  | 258,862 |  |  | (164,501 | ) |  | 94,361 |  |  | 243,603 |  |  | (149,120 | ) |  | 94,483 |
Shahuindo, Peru (1) |  | 498,960 |  |  | (39,668 | ) |  | 459,292 |  |  | — |  |  | — |  |  | — |
La Arena, Peru (1) |  | 112,014 |  |  | (22,853 | ) |  | 89,161 |  |  | — |  |  | — |  |  | — |
Alamo Dorado, Mexico |  | 71,724 |  |  | (71,724 | ) |  | — |  |  | 126,960 |  |  | (126,960 | ) |  | — |
La Colorada, Mexico |  | 305,357 |  |  | (143,232 | ) |  | 162,125 |  |  | 301,706 |  |  | (121,940 | ) |  | 179,766 |
Dolores, Mexico |  | 1,608,334 |  |  | (1,091,862 | ) |  | 516,472 |  |  | 1,529,751 |  |  | (981,948 | ) |  | 547,803 |
Manantial Espejo, Argentina |  | 371,677 |  |  | (367,901 | ) |  | 3,776 |  |  | 367,105 |  |  | (362,293 | ) |  | 4,812 |
San Vicente, Bolivia |  | 143,251 |  |  | (95,360 | ) |  | 47,891 |  |  | 137,394 |  |  | (86,663 | ) |  | 50,731 |
Timmins, Canada (1) |  | 292,986 |  |  | (42,672 | ) |  | 250,314 |  |  | — |  |  | — |  |  | — |
Other |  | 27,711 |  |  | (17,485 | ) |  | 10,226 |  |  | 23,994 |  |  | (16,265 | ) |  | 7,729 |
Total |  | $ | 3,905,985 |  |  | $ | (2,183,559 | ) |  | $ | 1,722,426 |  |  | $ | 2,937,873 |  |  | $ | (1,959,477 | ) |  | $ | 978,396 |
Land and Non-Producing Properties: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | $ | 5,528 |  |  | $ | (1,267 | ) |  | $ | 4,261 |  |  | $ | 4,677 |  |  | $ | (1,096 | ) |  | $ | 3,581 |
Navidad, Argentina |  | 566,577 |  |  | (376,101 | ) |  | 190,476 |  |  | 566,577 |  |  | (376,101 | ) |  | 190,476 |
Escobal, Guatemala (1) |  | 249,353 |  |  | — |  |  | 249,353 |  |  | — |  |  | — |  |  | — |
Timmins, Canada (1) |  | 87,747 |  |  | — |  |  | 87,747 |  |  | — |  |  | — |  |  | — |
Shahuindo, Peru (1) |  | 15,586 |  |  | — |  |  | 15,586 |  |  | — |  |  | — |  |  | — |
La Arena, Peru (1) |  | 117,000 |  |  | — |  |  | 117,000 |  |  | — |  |  | — |  |  | — |
Minefinders, Mexico |  | 83,079 |  |  | (36,975 | ) |  | 46,104 |  |  | 91,362 |  |  | (36,975 | ) |  | 54,387 |
La Colorada, Mexico |  | 15,544 |  |  | — |  |  | 15,544 |  |  | — |  |  | — |  |  | — |
Morococha, Peru |  | 7,213 |  |  | — |  |  | 7,213 |  |  | 9,674 |  |  | — |  |  | 9,674 |
Projects, Argentina (2) |  | 95,851 |  |  | (66,859 | ) |  | 28,992 |  |  | 69,774 |  |  | (24,939 | ) |  | 44,835 |
Other |  | 31,866 |  |  | (11,667 | ) |  | 20,199 |  |  | 30,908 |  |  | (11,255 | ) |  | 19,653 |
Total non-producing properties |  | $ | 1,275,344 |  |  | $ | (492,869 | ) |  | $ | 782,475 |  |  | $ | 772,972 |  |  | $ | (450,366 | ) |  | $ | 322,606 |
Total mineral properties, plant and equipment |  | $ | 5,181,329 |  |  | $ | (2,676,428 | ) |  | $ | 2,504,901 |  |  | $ | 3,710,845 |  |  | $ | (2,409,843 | ) |  | $ | 1,301,002 |
(1) | Acquired as part of the Tahoe Acquisition (Note 8).
(2) | Comprised of the Joaquin and COSE projects.
Held for Sale Assets On January 31, 2018, the Company completed the sale of 100% of the shares of Minera Aquiline Argentina SA, which owns Calcatreu, to Patagonia for total consideration of $15 million in cash. The Company received $5 million at the date of sale with the remaining $10 million received on May 18, 2018, as scheduled. During the year ended December 31, 2018, the Company recorded a gain of $8.0 million ($6 million, net of tax expense) on the sale of Calcatreu included in gain on sale of mineral properties, plant and equipment.

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