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Segmented Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Disclosure of entity's operating segments [Abstract] |
Disclosure of operating segments | Significant information relating to the Company’s reportable segments is summarized in the table below:
For the year ended December 31, 2020 |  |  |  |  |
Segment/Country | Mine | Revenue | Production costs and royalties | Depreciation | Mine operating earnings | Mine care and maintenance | Capital expenditures(1)
Silver Segment: |  |  |  |  |  |  |
Mexico | Dolores | $ | 250,219 |  | $ | 146,961 |  | $ | 87,694 |  | $ | 15,564 |  | $ | 10,175 |  | $ | 44,861 |
| La Colorada | 128,824 |  | 69,663 |  | 19,608 |  | 39,553 |  | 7,973 |  | 29,388 |
Peru | Huaron | 72,073 |  | 39,612 |  | 7,069 |  | 25,392 |  | 20,840 |  | 4,500 |
| Morococha | 47,046 |  | 35,768 |  | 7,203 |  | 4,075 |  | 20,023 |  | 10,168 |
Bolivia | San Vicente | 48,396 |  | 35,753 |  | 6,725 |  | 5,918 |  | 2,890 |  | 4,877 |
Argentina | Manantial Espejo | 84,051 |  | 68,381 |  | 9,787 |  | 5,883 |  | 5,617 |  | 10,789 |
Guatemala | Escobal |  | — |  |  | — |  | 21,001 |  | 4,807 |
Total Silver Segment | 630,609 |  | 396,138 |  | 138,086 |  | 96,385 |  | 88,519 |  | 109,390 |
Gold Segment: |  |  |  |  |  |  |
Peru | Shahuindo | 270,043 |  | 97,940 |  | 40,562 |  | 131,541 |  | 3,855 |  | 23,335 |
| La Arena | 176,028 |  | 72,676 |  | 27,683 |  | 75,669 |  | 3,712 |  | 37,324 |
Canada | Timmins | 262,132 |  | 157,412 |  | 46,605 |  | 58,115 |  | — |  | 20,751 |
Total Gold Segment | 708,203 |  | 328,028 |  | 114,850 |  | 265,325 |  | 7,567 |  | 81,410 |
Other segment: |  |  |  |  |  |  |
Canada | Pas Corp |  | — |  | 491 |  | (491) |  | — |  | 297 |
Argentina | Navidad |  | — |  | — |  | — |  | 6,019 |  | — |
Other | Other | — |  | — |  | 1,042 |  | (1,042) |  | — |  | 560 |
Total |  | $ | 1,338,812 |  | $ | 724,166 |  | $ | 254,469 |  | $ | 360,177 |  | $ | 102,105 |  | $ | 191,657 |
(1)Includes payments for mineral properties, plant and equipment and payment of equipment leases.
For the year ended December 31, 2019 |  |  |  |  |
Segment/Country | Mine | Revenue | Production costs and royalties | Depreciation | Mine operating earnings | Mine care and maintenance | Capital expenditures(1)
Silver Segment: |  |  |  |  |  |  |
Mexico | Dolores | $ | 248,744 |  | $ | 191,320 |  | $ | 104,701 |  | $ | (47,277) |  | $ | — |  | $ | 50,657 |
| La Colorada | 177,698 |  | 75,139 |  | 23,175 |  | 79,384 |  | — |  | 20,275 |
Peru | Huaron | 117,118 |  | 76,962 |  | 13,638 |  | 26,518 |  | — |  | 10,936 |
| Morococha | 101,549 |  | 73,396 |  | 15,482 |  | 12,671 |  | — |  | 15,556 |
Bolivia | San Vicente | 76,968 |  | 57,805 |  | 9,449 |  | 9,714 |  | — |  | 4,960 |
Argentina | Manantial Espejo | 63,289 |  | 63,432 |  | 5,854 |  | (5,997) |  | — |  | 26,512 |
Guatemala | Escobal | — |  | — |  | — |  | — |  | 17,738 |  | 1,107 |
Total Silver Segment | 785,366 |  | 538,054 |  | 172,299 |  | 75,013 |  | 17,738 |  | 130,003 |
Gold Segment: |  |  |  |  |  |  |
| Shahuindo | 189,372 |  | 90,877 |  | 28,649 |  | 69,846 |  | — |  | 33,280 |
| La Arena | 174,803 |  | 99,915 |  | 14,873 |  | 60,015 |  | — |  | 47,557 |
Canada | Timmins | 201,218 |  | 139,172 |  | 36,302 |  | 25,744 |  | — |  | 13,747 |
Total Gold Segment | 565,393 |  | 329,964 |  | 79,824 |  | 155,605 |  | — |  | 94,584 |
Other segment: |  |  |  |  |  |  |
Canada | Pas Corp | — |  | — |  | 488 |  | (488) |  | — |  | 396 |
Argentina | Navidad | — |  | — |  | — |  | — |  | 5,924 |  | 9 |
Other | Other | — |  | — |  | 842 |  | (842) |  | — |  | 85 |
Total |  | $ | 1,350,759 |  | $ | 868,018 |  | $ | 253,453 |  | $ | 229,288 |  | $ | 23,662 |  | $ | 225,077 |
(1)Includes payments for mineral properties, plant and equipment and amounts have been recast, and presented, for the year ended ended December 31, 2020 to include payment of equipment leases. A reconciliation of segment mine operating earnings to the Company’s earnings before income taxes per the Consolidated Income Statements is as follows:
| 2020 | 2019
Mine operating earnings | $ | 360,177 |  | $ | 229,288 |
General and administrative | (36,375) |  | (31,752) |
Exploration and project development | (7,096) |  | (11,684) |
Mine care and maintenance | (102,105) |  | (23,662) |
Foreign exchange losses | (5,474) |  | (5,003) |
Impairments | — |  | (40,050) |
Gains on commodity and foreign currency contracts | 3,543 |  | 3,315 |
Gains on sale of mineral properties, plant and equipment | 7,922 |  | 3,858 |
Share of income from associate and dilution gain | 10,529 |  | 15,245 |
Transaction and integration costs | — |  | (7,515) |
Other expense | (22,067) |  | (4,936) |
Earnings from operations | 209,054 |  | 127,104 |
Gain (loss) on derivatives | 38 |  | (14) |
Investment income | 63,024 |  | 84,704 |
Interest and finance expense | (20,104) |  | (29,282) |
Earnings before income taxes | $ | 252,012 |  | $ | 182,512 |
At December 31, 2020 |  |  |
Segment/Country | Mine | Assets | Liabilities | Net assets
Silver Segment: |  |  |  |
Mexico | Dolores | $ | 752,873 |  | $ | 169,444 |  | $ | 583,429 |
| La Colorada | 231,217 |  | 48,971 |  | 182,246 |
Peru | Huaron | 113,177 |  | 40,663 |  | 72,514 |
| Morococha | 121,004 |  | 34,906 |  | 86,098 |
Bolivia | San Vicente | 83,668 |  | 40,536 |  | 43,132 |
Argentina | Manantial Espejo | 75,113 |  | 26,950 |  | 48,163 |
Guatemala | Escobal | 288,588 |  | 24,427 |  | 264,161 |
Total Silver Segment |  | 1,665,640 |  | 385,897 |  | 1,279,743 |
Gold Segment: |  |  |  |
Peru | Shahuindo | 566,734 |  | 201,427 |  | 365,307 |
| La Arena | 299,372 |  | 112,475 |  | 186,897 |
Canada | Timmins | 414,396 |  | 60,482 |  | 353,914 |
Total Gold Segment |  | 1,280,502 |  | 374,384 |  | 906,118 |
Other segment: |  |  |  |
Canada | Pas Corp | 230,872 |  | 18,795 |  | 212,077 |
Argentina | Navidad | 192,999 |  | — |  | 192,999 |
| Other | 63,862 |  | 48,960 |  | 14,902 |
Total |  | $ | 3,433,875 |  | $ | 828,036 |  | $ | 2,605,839 |
At December 31, 2019 |  |  |
Segment/Country | Mine | Assets | Liabilities | Net assets
Silver Segment: |  |  |  |
Mexico | Dolores | $ | 763,301 |  | $ | 137,396 |  | $ | 625,905 |
| La Colorada | 223,416 |  | 46,476 |  | 176,940 |
Peru | Huaron | 110,642 |  | 39,962 |  | 70,680 |
| Morococha | 128,280 |  | 36,754 |  | 91,526 |
Bolivia | San Vicente | 76,418 |  | 35,331 |  | 41,087 |
Argentina | Manantial Espejo | 77,635 |  | 27,455 |  | 50,180 |
Guatemala | Escobal | 293,178 |  | 19,340 |  | 273,838 |
Total Silver Segment |  | 1,672,870 |  | 342,714 |  | 1,330,156 |
Gold Segment: |  |  |  |
Peru | Shahuindo | 600,096 |  | 162,821 |  | 437,275 |
| La Arena | 282,978 |  | 90,472 |  | 192,506 |
Canada | Timmins | 429,060 |  | 50,171 |  | 378,889 |
Total Gold Segment |  | 1,312,134 |  | 303,464 |  | 1,008,670 |
Other segment: |  |  |  |
Canada | Pas Corp | 229,814 |  | 304,184 |  | (74,370) |
Argentina | Navidad | 193,034 |  | — |  | 193,034 |
| Other | 53,830 |  | 43,474 |  | 10,356 |
|  | $ | 3,461,682 |  | $ | 993,836 |  | $ | 2,467,846 |
Product Revenue | 2020 | 2019
Refined silver and gold | $ | 1,047,601 |  | $ | 894,202 |
Zinc concentrate | 65,033 |  | 134,992 |
Lead concentrate | 132,823 |  | 183,343 |
Copper concentrate | 50,081 |  | 78,865 |
Silver concentrate | 43,274 |  | 59,357 |
Total | $ | 1,338,812 |  | $ | 1,350,759 |

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