XML 42 R29.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Reporting (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Segment Reporting [Abstract] |
Financial information relating to the reporting segments | Financial information relating to the Company’s segments is as follows (in thousands):
Three months ended September 30, 2016 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | San Bartolomé |  | Coeur Capital |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 30,663 |  |  | $ | 37,946 |  |  | $ | 40,164 |  |  | $ | 39,316 |  |  | $ | 27,485 |  |  | $ | 812 |  |  | $ | — |  |  | $ | 176,386 |
Royalties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (139 | ) |  | — |  |  | (139 | )
| 30,663 |  |  | 37,946 |  |  | 40,164 |  |  | 39,316 |  |  | 27,485 |  |  | 673 |  |  | — |  |  | 176,247 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 16,033 |  |  | 21,783 |  |  | 26,709 |  |  | 19,697 |  |  | 20,813 |  |  | 373 |  |  | — |  |  | 105,408 |
Amortization | 5,761 |  |  | 5,244 |  |  | 8,046 |  |  | 6,461 |  |  | 1,723 |  |  | 138 |  |  | 390 |  |  | 27,763 |
Exploration | 1,262 |  |  | 129 |  |  | 1,208 |  |  | 2 |  |  | — |  |  | 70 |  |  | 1,035 |  |  | 3,706 |
Write-downs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other operating expenses | 305 |  |  | 703 |  |  | 263 |  |  | 521 |  |  | 1,165 |  |  | 64 |  |  | 8,583 |  |  | 11,604 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | (110 | ) |  | (851 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (961 | )
Interest expense, net | (184 | ) |  | (157 | ) |  | (30 | ) |  | (22 | ) |  | (8 | ) |  | (34 | ) |  | (7,633 | ) |  | (8,068 | )
Other, net | (2,223 | ) |  | 17 |  |  | (7 | ) |  | 45 |  |  | 549 |  |  | 2,974 |  |  | (4,990 | ) |  | (3,635 | )
Income and mining tax (expense) benefit | 35,671 |  |  | 7,844 |  |  | — |  |  | 30,208 |  |  | 5,905 |  |  | 3,803 |  |  | (28,976 | ) |  | 54,455 |
Net income (loss) | $ | 40,456 |  |  | $ | 16,940 |  |  | $ | 3,901 |  |  | $ | 42,866 |  |  | $ | 10,230 |  |  | $ | 6,771 |  |  | $ | (51,607 | ) |  | $ | 69,557 |
Segment assets(2) | $ | 430,716 |  |  | $ | 212,477 |  |  | $ | 192,204 |  |  | $ | 105,456 |  |  | $ | 81,704 |  |  | $ | 9,148 |  |  | $ | 78,205 |  |  | $ | 1,109,910 |
Capital expenditures | $ | 10,012 |  |  | $ | 3,383 |  |  | $ | 8,602 |  |  | $ | 567 |  |  | $ | 3,001 |  |  | $ | — |  |  | $ | 62 |  |  | $ | 25,627 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interest
Three months ended September 30, 2015 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | San Bartolomé |  | Coeur Capital |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 49,187 |  |  | $ | 34,638 |  |  | $ | 30,466 |  |  | $ | 27,986 |  |  | $ | 17,391 |  |  | $ | 1,264 |  |  | $ | — |  |  | $ | 160,932 |
Royalties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,620 |  |  | — |  |  | 1,620 |
| 49,187 |  |  | 34,638 |  |  | 30,466 |  |  | 27,986 |  |  | 17,391 |  |  | 2,884 |  |  | — |  |  | 162,552 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 34,093 |  |  | 25,436 |  |  | 24,973 |  |  | 17,777 |  |  | 17,483 |  |  | 475 |  |  | — |  |  | 120,237 |
Amortization | 8,617 |  |  | 6,731 |  |  | 8,499 |  |  | 5,642 |  |  | 3,526 |  |  | 1,983 |  |  | 499 |  |  | 35,497 |
Exploration | 1,087 |  |  | 49 |  |  | 217 |  |  | — |  |  | 54 |  |  | (362 | ) |  | 1,067 |  |  | 2,112 |
Other operating expenses | 303 |  |  | 742 |  |  | 254 |  |  | 517 |  |  | 1,059 |  |  | (38 | ) |  | 8,795 |  |  | 11,632 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | 2,998 |  |  | 1,752 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,036 |  |  | 5,786 |
Interest expense, net | (928 | ) |  | (168 | ) |  | (51 | ) |  | — |  |  | (100 | ) |  | — |  |  | (11,199 | ) |  | (12,446 | )
Other, net | (7,870 | ) |  | 1 |  |  | 1 |  |  | 53 |  |  | 347 |  |  | (455 | ) |  | (970 | ) |  | (8,893 | )
Income and mining tax (expense) benefit | 10,370 |  |  | (1,053 | ) |  | 406 |  |  | (907 | ) |  | (1,029 | ) |  | 291 |  |  | 182 |  |  | 8,260 |
Net income (loss) | $ | 9,657 |  |  | $ | 2,212 |  |  | $ | (3,122 | ) |  | $ | 3,195 |  |  | $ | (5,513 | ) |  | $ | 662 |  |  | $ | (21,310 | ) |  | $ | (14,219 | )
Segment assets(2) | $ | 653,501 |  |  | $ | 192,348 |  |  | $ | 193,712 |  |  | $ | 124,754 |  |  | $ | 165,931 |  |  | $ | 51,553 |  |  | $ | 76,860 |  |  | $ | 1,458,659 |
Capital expenditures | $ | 10,514 |  |  | $ | 5,281 |  |  | $ | 5,522 |  |  | $ | 665 |  |  | $ | 1,786 |  |  | $ | — |  |  | $ | 93 |  |  | $ | 23,861 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Nine months ended September 30, 2016 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | San Bartolomé |  | Coeur Capital |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 108,748 |  |  | $ | 103,689 |  |  | $ | 112,376 |  |  | $ | 101,250 |  |  | $ | 73,948 |  |  | $ | 3,208 |  |  | $ | — |  |  | $ | 503,219 |
Royalties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,422 |  |  | — |  |  | 3,422 |
| 108,748 |  |  | 103,689 |  |  | 112,376 |  |  | 101,250 |  |  | 73,948 |  |  | 6,630 |  |  | — |  |  | 506,641 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 59,936 |  |  | 65,989 |  |  | 73,738 |  |  | 49,500 |  |  | 56,955 |  |  | 1,310 |  |  | — |  |  | 307,428 |
Amortization | 27,815 |  |  | 15,994 |  |  | 26,203 |  |  | 15,640 |  |  | 5,330 |  |  | 1,019 |  |  | 1,231 |  |  | 93,232 |
Exploration | 2,625 |  |  | 426 |  |  | 2,138 |  |  | 2 |  |  |  |  |  | 276 |  |  | 2,202 |  |  | 7,669 |
Write-downs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,446 |  |  | — |  |  | 4,446 |
Other operating expenses | 898 |  |  | 2,084 |  |  | 772 |  |  | 1,702 |  |  | 2,532 |  |  | 239 |  |  | 27,621 |  |  | 35,848 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | (5,814 | ) |  | (5,787 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,634 | ) |  | (13,235 | )
Interest expense, net | (1,343 | ) |  | (509 | ) |  | (107 | ) |  | (49 | ) |  | (18 | ) |  | (34 | ) |  | (28,003 | ) |  | (30,063 | )
Other, net | (7,818 | ) |  | (3,840 | ) |  | (26 | ) |  | 259 |  |  | 1,275 |  |  | 6,716 |  |  | (744 | ) |  | (4,178 | )
Income and mining tax (expense) benefit | 38,922 |  |  | 7,429 |  |  | — |  |  | 29,972 |  |  | 5,182 |  |  | 236 |  |  | (28,623 | ) |  | 53,118 |
Net income (loss) | $ | 41,421 |  |  | $ | 16,489 |  |  | $ | 9,392 |  |  | $ | 64,588 |  |  | $ | 15,570 |  |  | $ | 6,258 |  |  | $ | (90,058 | ) |  | $ | 63,660 |
Segment assets(2) | $ | 430,716 |  |  | $ | 212,477 |  |  | $ | 192,204 |  |  | $ | 105,456 |  |  | $ | 81,704 |  |  | $ | 9,148 |  |  | $ | 78,205 |  |  | $ | 1,109,910 |
Capital expenditures | $ | 27,690 |  |  | $ | 10,557 |  |  | $ | 24,228 |  |  | $ | 3,488 |  |  | $ | 4,839 |  |  | $ | — |  |  | $ | 285 |  |  | $ | 71,087 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Nine months ended September 30, 2015 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | San Bartolomé |  | Coeur Capital |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 127,455 |  |  | $ | 115,010 |  |  | $ | 116,971 |  |  | $ | 48,359 |  |  | $ | 62,304 |  |  | $ | 6,292 |  |  | $ | — |  |  | $ | 476,391 |
Royalties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,379 |  |  | — |  |  | 5,379 |
| 127,455 |  |  | 115,010 |  |  | 116,971 |  |  | 48,359 |  |  | 62,304 |  |  | 11,671 |  |  | — |  |  | 481,770 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 98,695 |  |  | 81,221 |  |  | 81,844 |  |  | 34,410 |  |  | 55,767 |  |  | 2,460 |  |  | — |  |  | 354,397 |
Amortization | 24,997 |  |  | 18,962 |  |  | 32,738 |  |  | 9,133 |  |  | 13,487 |  |  | 6,753 |  |  | 1,490 |  |  | 107,560 |
Exploration | 4,047 |  |  | 1,272 |  |  | 2,311 |  |  | — |  |  | 132 |  |  | (212 | ) |  | 2,407 |  |  | 9,957 |
Other operating expenses | 940 |  |  | 2,190 |  |  | 1,015 |  |  | 1,188 |  |  | 1,544 |  |  | (8 | ) |  | 31,078 |  |  | 37,947 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | 1,882 |  |  | 596 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,179 |  |  | 3,657 |
Interest expense, net | (3,112 | ) |  | (598 | ) |  | (172 | ) |  | — |  |  | (674 | ) |  | — |  |  | (29,389 | ) |  | (33,945 | )
Other, net | (9,478 | ) |  | (38 | ) |  | (16 | ) |  | 108 |  |  | 1,219 |  |  | (2,904 | ) |  | (3,148 | ) |  | (14,257 | )
Income and mining tax (expense) benefit | 9,836 |  |  | (1,753 | ) |  | (587 | ) |  | (495 | ) |  | (2,240 | ) |  | 266 |  |  | 3,424 |  |  | 8,451 |
Net income (loss) | $ | (2,096 | ) |  | $ | 9,573 |  |  | $ | (1,712 | ) |  | $ | 3,241 |  |  | $ | (10,322 | ) |  | $ | 40 |  |  | $ | (62,909 | ) |  | $ | (64,185 | )
Segment assets(2) | $ | 653,501 |  |  | $ | 192,348 |  |  | $ | 193,712 |  |  | $ | 124,754 |  |  | $ | 165,931 |  |  | $ | 51,553 |  |  | $ | 76,860 |  |  | $ | 1,458,659 |
Capital expenditures | $ | 30,421 |  |  | $ | 14,451 |  |  | $ | 14,380 |  |  | $ | 1,959 |  |  | $ | 3,729 |  |  | $ | — |  |  | $ | 218 |  |  | $ | 65,158 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Consolidated Assets |
Assets | September 30, 2016 |  | December 31, 2015
Total assets for reportable segments | $ | 1,109,910 |  |  | $ | 1,103,310 |
Cash and cash equivalents | 222,517 |  |  | 200,714 |
Other assets | 38,515 |  |  | 28,465 |
Total consolidated assets | $ | 1,370,942 |  |  | $ | 1,332,489 |
Long Lived Assets by Country | Geographic Information
Long-Lived Assets | September 30, 2016 |  | December 31, 2015
Mexico | $ | 403,185 |  |  | $ | 390,694 |
United States | 327,448 |  |  | 336,210 |
Bolivia | 32,361 |  |  | 35,201 |
Australia | 3,102 |  |  | 5,952 |
Argentina | 10,227 |  |  | 10,871 |
Other | 5,513 |  |  | 9,058 |
Total | $ | 781,836 |  |  | $ | 787,986 |
Revenue by Country |
Revenue | Three months ended September 30, |  | Nine months ended September 30,
2016 |  | 2015 |  | 2016 |  | 2015
United States | $ | 117,425 |  |  | $ | 93,091 |  |  | $ | 317,315 |  |  | $ | 280,340 |
Mexico | 30,663 |  |  | 50,170 |  |  | 109,674 |  |  | 129,753 |
Bolivia | 27,485 |  |  | 17,391 |  |  | 73,948 |  |  | 62,304 |
Australia | 812 |  |  | 1,264 |  |  | 3,207 |  |  | 6,292 |
Other | (138 | ) |  | 636 |  |  | 2,497 |  |  | 3,081 |
Total | $ | 176,247 |  |  | $ | 162,552 |  |  | $ | 506,641 |  |  | $ | 481,770 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration