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Segmented Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure of entity's operating segments [Abstract] |
Disclosure of operating segments |
For the year ended December 31, 2021 |  |  |  |  |
Segment/Country | Mine | Revenue | Production costs and royalties | Depreciation | Mine operating earnings |  | Capital expenditures(1)
Silver Segment: |  |  |  |  |  |  |
Mexico | La Colorada | $ | 130,112 |  | $ | 75,192 |  | $ | 20,505 |  | $ | 34,415 |  |  | $ | 65,532 |
Peru | Huaron | 154,634 |  | 90,126 |  | 11,564 |  | 52,944 |  |  | 10,897 |
| Morococha | 108,699 |  | 75,182 |  | 13,738 |  | 19,779 |  |  | 8,329 |
Bolivia | San Vicente | 80,446 |  | 54,569 |  | 9,276 |  | 16,601 |  |  | 5,340 |
Argentina | Manantial Espejo | 127,445 |  | 106,874 |  | 16,031 |  | 4,540 |  |  | 7,575 |
Guatemala | Escobal | — |  | — |  | — |  | — |  |  | 778 |
Total Silver Segment | 601,336 |  | 401,943 |  | 71,114 |  | 128,279 |  |  | 98,451 |
Gold Segment: |  |  |  |  |  |  |
Mexico | Dolores(2) | 342,556 |  | 186,285 |  | 106,397 |  | 49,874 |  |  | 40,566 |
Peru | Shahuindo | 255,771 |  | 115,009 |  | 42,600 |  | 98,162 |  |  | 27,678 |
| La Arena | 194,582 |  | 84,243 |  | 41,362 |  | 68,977 |  |  | 45,479 |
Canada | Timmins | 238,505 |  | 174,374 |  | 39,768 |  | 24,363 |  |  | 42,298 |
Total Gold Segment | 1,031,414 |  | 559,911 |  | 230,127 |  | 241,376 |  |  | 156,021 |
Other segment: |  |  |  |  |  |  |
Canada | Pas Corp | — |  | — |  | 407 |  | (407) |  |  | 332 |
Argentina | Navidad | — |  | — |  | — |  | — |  |  | 90 |
Other | Other | — |  | — |  | 1,310 |  | (1,310) |  |  | 980 |
Total |  | $ | 1,632,750 |  | $ | 961,854 |  | $ | 302,958 |  | $ | 367,938 |  |  | $ | 255,874 |
(1)Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2)The mine was reclassified to the Gold Segment in 2021 as a result of expected mine sequencing into a higher gold zone.
For the year ended December 31, 2020 |  |  |  |  |
Segment/Country | Mine | Revenue | Production costs and royalties | Depreciation | Mine operating earnings |  | Capital expenditures(1)
Silver Segment: |  |  |  |  |  |  |
Mexico | La Colorada | $ | 128,824 |  | $ | 69,663 |  | $ | 19,608 |  | $ | 39,553 |  |  | $ | 29,388 |
Peru | Huaron | 72,073 |  | 39,612 |  | 7,069 |  | 25,392 |  |  | 4,500 |
| Morococha | 47,046 |  | 35,768 |  | 7,203 |  | 4,075 |  |  | 10,168 |
Bolivia | San Vicente | 48,396 |  | 35,753 |  | 6,725 |  | 5,918 |  |  | 4,877 |
Argentina | Manantial Espejo | 84,051 |  | 68,381 |  | 9,787 |  | 5,883 |  |  | 10,789 |
Guatemala | Escobal |  | — |  |  | — |  |  | 4,807 |
Total Silver Segment | 380,390 |  | 249,177 |  | 50,392 |  | 80,821 |  |  | 64,529 |
Gold Segment: |  |  |  |  |  |  |
Mexico | Dolores(2) | 250,219 |  | 146,961 |  | 87,694 |  | 15,564 |  |  | 44,861 |
Peru | Shahuindo | 270,043 |  | 97,940 |  | 40,562 |  | 131,541 |  |  | 23,335 |
| La Arena | 176,028 |  | 72,676 |  | 27,683 |  | 75,669 |  |  | 37,324 |
Canada | Timmins | 262,132 |  | 157,412 |  | 46,605 |  | 58,115 |  |  | 20,751 |
Total Gold Segment | 958,422 |  | 474,989 |  | 202,544 |  | 280,889 |  |  | 126,271 |
Other segment: |  |  |  |  |  |  |
Canada | Pas Corp |  | — |  | 491 |  | (491) |  |  | 297 |
Argentina | Navidad |  | — |  | — |  | — |  |  | — |
Other | Other | — |  | — |  | 1,042 |  | (1,042) |  |  | 560 |
Total |  | $ | 1,338,812 |  | $ | 724,166 |  | $ | 254,469 |  | $ | 360,177 |  |  | $ | 191,657 |
(1)Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2)The mine has been represented in the Gold Segment to align with current year presentation. A reconciliation of segment mine operating earnings to the Company’s earnings before income taxes per the Consolidated Income Statements is as follows:
| 2021 | 2020
Mine operating earnings | $ | 367,938 |  | $ | 360,177 |
General and administrative | (34,852) |  | (36,375) |
Exploration and project development | (11,071) |  | (7,096) |
Mine care and maintenance | (31,780) |  | (102,105) |
Foreign exchange losses | (11,267) |  | (5,474) |
Gains on commodity and foreign currency contracts | 5,393 |  | 3,543 |
Gains on sale of mineral properties, plant and equipment | 32,167 |  | 7,922 |
Share of income from associate and dilution gain | 4,347 |  | 10,529 |
Other income (expense) | 36 |  | (21,144) |
Earnings from operations | 320,911 |  | 209,977 |
Investment (loss) income | (59,722) |  | 62,139 |
Interest and finance expense | (16,198) |  | (20,104) |
Earnings before income taxes | $ | 244,991 |  | $ | 252,012 |
At December 31, 2021 |  |  |
Segment/Country | Mine | Assets | Liabilities | Net assets
Silver Segment: |  |  |  |
Mexico | La Colorada | $ | 299,038 |  | $ | 52,934 |  | $ | 246,104 |
Peru | Huaron | 117,514 |  | 59,975 |  | 57,539 |
| Morococha | 124,607 |  | 40,494 |  | 84,113 |
Bolivia | San Vicente | 88,924 |  | 53,264 |  | 35,660 |
Argentina | Manantial Espejo | 71,012 |  | 29,017 |  | 41,995 |
Guatemala | Escobal | 287,811 |  | 19,833 |  | 267,978 |
Total Silver Segment |  | 988,906 |  | 255,517 |  | 733,389 |
Gold Segment: |  |  |  |
Mexico | Dolores(1) | 750,220 |  | 193,638 |  | 556,582 |
Peru | Shahuindo | 591,164 |  | 199,450 |  | 391,714 |
| La Arena | 317,371 |  | 106,799 |  | 210,572 |
Canada | Timmins | 419,106 |  | 62,196 |  | 356,910 |
Total Gold Segment |  | 2,077,861 |  | 562,083 |  | 1,515,778 |
Other segment: |  |  |  |
Canada | Pas Corp | 176,006 |  | 16,492 |  | 159,514 |
Argentina | Navidad | 193,077 |  | — |  | 193,077 |
| Other | 82,734 |  | 48,484 |  | 34,250 |
Total |  | $ | 3,518,584 |  | $ | 882,576 |  | $ | 2,636,008 |
(1)The mine was reclassified to the Gold Segment in 2021 as a result of expected mine sequencing into a higher gold zone.
At December 31, 2020 |  |  |
Segment/Country | Mine | Assets | Liabilities | Net assets
Silver Segment: |  |  |  |
Mexico | 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 |  | 912,767 |  | 216,453 |  | 696,314 |
Gold Segment: |  |  |  |
Mexico | Dolores(1) | 752,873 |  | 169,444 |  | 583,429 |
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 |  | 2,033,375 |  | 543,828 |  | 1,489,547 |
Other segment: |  |  |  |
Canada | Pas Corp | 230,872 |  | 18,795 |  | 212,077 |
Argentina | Navidad | 192,999 |  | — |  | 192,999 |
| Other | 63,862 |  | 48,960 |  | 14,902 |
|  | $ | 3,433,875 |  | $ | 828,036 |  | $ | 2,605,839 |
(1)The mine has been represented in the Gold Segment to align with current year presentation.
Product Revenue | 2021 | 2020
Refined silver and gold | $ | 1,177,388 |  | $ | 1,047,601 |
Zinc concentrate | 119,059 |  | 65,033 |
Lead concentrate | 145,524 |  | 132,823 |
Copper concentrate | 133,025 |  | 50,081 |
Silver concentrate | 57,754 |  | 43,274 |
Total | $ | 1,632,750 |  | $ | 1,338,812 |

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