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Segment Information | 12 Months Ended
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Dec. 31, 2022
Disclosure of entity's operating segments [Abstract] |
Segmented Information | 28. SEGMENTED INFORMATION
The Company reviews its segment reporting to ensure it reflects the operational structure of the Company and enables the Company's Chief Operating Decision Maker to review operating segment performance. We have determined that each producing mine and significant development property represents an operating segment. The Company has organized its reportable and operating segments by significant revenue streams and geographic regions. Significant information relating to the Company’s reportable operating segments is summarized in the table below:
For the year ended December 31, 2022 |  |  |  |  |
Segment/Country | Mine | Revenue | Production costs and royalties | Depreciation | Mine operating earnings |  | Capital expenditures(1)
Silver Segment: |  |  |  |  |  |  |
Mexico | La Colorada | $ | 155,039 |  | $ | 98,695 |  | $ | 20,249 |  | $ | 36,095 |  |  | $ | 91,682 |
Peru | Huaron | 145,730 |  | 100,511 |  | 11,836 |  | 33,383 |  |  | 15,574 |
| Morococha (2) | 22,059 |  | 20,642 |  | 2,332 |  | (915) |  |  | 1,252 |
Bolivia | San Vicente | 76,935 |  | 59,596 |  | 8,744 |  | 8,595 |  |  | 7,156 |
Argentina | Manantial Espejo (3) | 105,073 |  | 112,670 |  | 23,050 |  | (30,647) |  |  | 4,263 |
Guatemala | Escobal | — |  | — |  | — |  | — |  |  | 1,606 |
Total Silver Segment | 504,836 |  | 392,114 |  | 66,211 |  | 46,511 |  |  | 121,533 |
Gold Segment: |  |  |  |  |  |  |
Mexico | Dolores | 303,934 |  | 301,892 |  | 129,803 |  | (127,761) |  |  | 35,855 |
Peru | Shahuindo | 266,375 |  | 146,179 |  | 44,503 |  | 75,693 |  |  | 44,604 |
| La Arena | 175,865 |  | 103,869 |  | 34,674 |  | 37,322 |  |  | 47,970 |
Canada | Timmins | 243,708 |  | 186,266 |  | 38,640 |  | 18,802 |  |  | 37,652 |
Total Gold Segment | 989,882 |  | 738,206 |  | 247,620 |  | 4,056 |  |  | 166,081 |
Other segment: |  |  |  |  |  |  |
Canada | Pas Corp | — |  | — |  | 439 |  | (439) |  |  | 348 |
Argentina | Navidad | — |  | — |  | — |  | — |  |  | 50 |
Other | Other | — |  | — |  | 1,766 |  | (1,766) |  |  | 1,509 |
Total |  | $ | 1,494,718 |  | $ | 1,130,320 |  | $ | 316,036 |  | $ | 48,362 |  |  | $ | 289,521 |
(1)Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2)Morococha was placed on care and maintenance in February 2022. (3)Manantial Espejo ceased production subsequent to year end.
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 | 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.
At December 31, 2022 |  |  |
Segment/Country | Mine | Assets | Liabilities | Net assets
Silver Segment: |  |  |  |
Mexico | La Colorada | $ | 375,381 |  | $ | 52,018 |  | $ | 323,363 |
Peru | Huaron | 122,535 |  | 51,486 |  | 71,049 |
| Morococha (1) | 102,193 |  | 31,240 |  | 70,953 |
Bolivia | San Vicente | 82,509 |  | 47,380 |  | 35,129 |
Argentina | Manantial Espejo (2) | 47,772 |  | 40,477 |  | 7,295 |
Guatemala | Escobal | 291,118 |  | 19,374 |  | 271,744 |
Total Silver Segment |  | 1,021,508 |  | 241,975 |  | 779,533 |
Gold Segment: |  |  |  |
Mexico | Dolores | 415,143 |  | 155,772 |  | 259,371 |
Peru | Shahuindo | 602,443 |  | 199,560 |  | 402,883 |
| La Arena | 368,277 |  | 155,120 |  | 213,157 |
Canada | Timmins | 382,043 |  | 67,971 |  | 314,072 |
Total Gold Segment |  | 1,767,906 |  | 578,423 |  | 1,189,483 |
Other segment: |  |  |  |
Canada | Pas Corp | 178,986 |  | 182,920 |  | (3,934) |
Argentina | Navidad | 193,923 |  | 2,600 |  | 191,323 |
| Other | 86,175 |  | 40,962 |  | 45,213 |
Total |  | $ | 3,248,498 |  | $ | 1,046,880 |  | $ | 2,201,618 |
(1)Morococha was placed on care and maintenance in February 2022. (2)Manantial Espejo ceased production subsequent to year end.
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 | 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 |
|  | $ | 3,518,584 |  | $ | 882,576 |  | $ | 2,636,008 |
Product Revenue | 2022 | 2021
Refined silver and gold | $ | 1,106,793 |  | $ | 1,177,388 |
Zinc concentrate | 98,341 |  | 119,059 |
Lead concentrate | 167,673 |  | 145,524 |
Copper concentrate | 65,096 |  | 133,025 |
Silver concentrate | 56,815 |  | 57,754 |
Total | $ | 1,494,718 |  | $ | 1,632,750 |
The Com pany has 26 customers that account for 100% of the concentrate and silver and gold sales revenue. The Company has 3 customers that accounted for 28%, 14% and 12% of total sales in 2022, and 4 customers that accounted for 21%, 13%, 12%, and 11% of total sales in 2021. The loss of certain of these customers or curtailment of purchases by such customers could have a material adverse effect on the Company’s financial performance, financial position, and cash flows.

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