Segmented Information (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of entity's operating segments [Abstract]

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