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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Financial information relating to the reporting segments | Financial information relating to the Company’s segments is as follows (in thousands):
Year ended December 31, 2016 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | San Bartolomé |  | Coeur Capital |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 141,273 |  |  | $ | 139,945 |  |  | $ | 146,593 |  |  | $ | 136,678 |  |  | $ | 93,880 |  |  | $ | 4,128 |  |  | $ | — |  |  | $ | 662,497 |
Royalties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,280 |  |  | — |  |  | 3,280 |
| 141,273 |  |  | 139,945 |  |  | 146,593 |  |  | 136,678 |  |  | 93,880 |  |  | 7,408 |  |  | — |  |  | 665,777 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 80,820 |  |  | 89,726 |  |  | 96,731 |  |  | 66,379 |  |  | 74,166 |  |  | 1,719 |  |  | — |  |  | 409,541 |
Amortization | 36,599 |  |  | 21,838 |  |  | 34,787 |  |  | 20,621 |  |  | 6,633 |  |  | 1,117 |  |  | 1,566 |  |  | 123,161 |
Exploration | 5,063 |  |  | 841 |  |  | 3,487 |  |  | 2 |  |  | — |  |  | 1,797 |  |  | 1,740 |  |  | 12,930 |
Write-downs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,446 |  |  | — |  |  | 4,446 |
Other operating expenses | 1,213 |  |  | 2,801 |  |  | 1,038 |  |  | 2,238 |  |  | 2,909 |  |  | 226 |  |  | 36,170 |  |  | 46,595 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (Loss) on debt extinguishments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (21,365 | ) |  | (21,365 | )
Fair value adjustments, net | (5,814 | ) |  | (4,133 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,634 | ) |  | (11,581 | )
Interest expense, net | (1,187 | ) |  | (664 | ) |  | (128 | ) |  | (69 | ) |  | (24 | ) |  | (34 | ) |  | (34,814 | ) |  | (36,920 | )
Other, net | (12,125 | ) |  | (3,859 | ) |  | (25 | ) |  | 17 |  |  | 1,590 |  |  | 6,014 |  |  | 10,263 |  |  | 1,875 |
Income and mining tax (expense) benefit | 45,085 |  |  | (2,785 | ) |  | — |  |  | (4,293 | ) |  | 6,252 |  |  | (2,504 | ) |  | 12,484 |  |  | 54,239 |
Net income (loss) | $ | 43,537 |  |  | $ | 13,298 |  |  | $ | 10,397 |  |  | $ | 43,093 |  |  | $ | 17,990 |  |  | $ | 1,579 |  |  | $ | (74,542 | ) |  | $ | 55,352 |
Segment assets(2) | $ | 436,642 |  |  | $ | 219,009 |  |  | $ | 199,232 |  |  | $ | 105,901 |  |  | $ | 76,317 |  |  | $ | 9,285 |  |  | $ | 75,652 |  |  | $ | 1,122,038 |
Capital expenditures | $ | 35,810 |  |  | $ | 16,446 |  |  | $ | 36,826 |  |  | $ | 4,812 |  |  | $ | 6,631 |  |  | $ | — |  |  | $ | 488 |  |  | $ | 101,013 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interest
Year ended December 31, 2015 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | San Bartolomé |  | Coeur Capital |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 169,133 |  |  | $ | 143,930 |  |  | $ | 148,710 |  |  | $ | 84,052 |  |  | $ | 84,679 |  |  | $ | 8,732 |  |  | $ | — |  |  | $ | 639,236 |
Royalties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,850 |  |  | — |  |  | 6,850 |
| 169,133 |  |  | 143,930 |  |  | 148,710 |  |  | 84,052 |  |  | 84,679 |  |  | 15,582 |  |  | — |  |  | 646,086 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 138,476 |  |  | 103,994 |  |  | 105,640 |  |  | 52,197 |  |  | 75,827 |  |  | 3,520 |  |  | — |  |  | 479,654 |
Amortization | 32,423 |  |  | 23,906 |  |  | 42,240 |  |  | 16,378 |  |  | 17,798 |  |  | 9,010 |  |  | 1,996 |  |  | 143,751 |
Exploration | 4,533 |  |  | 1,324 |  |  | 2,596 |  |  | 134 |  |  | 126 |  |  | (124 | ) |  | 3,058 |  |  | 11,647 |
Write-downs | 224,507 |  |  | — |  |  | — |  |  | — |  |  | 66,712 |  |  | 22,118 |  |  | — |  |  | 313,337 |
Other operating expenses | 1,293 |  |  | 2,948 |  |  | 1,301 |  |  | 1,717 |  |  | 1,787 |  |  | 33 |  |  | 41,548 |  |  | 50,627 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (Loss) on debt extinguishments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,916 |  |  | 15,916 |
Fair value adjustments, net | 3,160 |  |  | 818 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,224 |  |  | 5,202 |
Interest expense, net | (4,269 | ) |  | (748 | ) |  | (218 | ) |  | — |  |  | (725 | ) |  | — |  |  | (39,743 | ) |  | (45,703 | )
Other, net | (10,968 | ) |  | (13 | ) |  | 7 |  |  | 143 |  |  | 1,557 |  |  | (3,182 | ) |  | (3,475 | ) |  | (15,931 | )
Income and mining tax (expense) benefit | 37,597 |  |  | (1,497 | ) |  | — |  |  | (857 | ) |  | (5,154 | ) |  | 5,542 |  |  | (9,368 | ) |  | 26,263 |
Net income (loss) | $ | (206,579 | ) |  | $ | 10,318 |  |  | $ | (3,278 | ) |  | $ | 12,912 |  |  | $ | (81,893 | ) |  | $ | (16,615 | ) |  | $ | (82,048 | ) |  | $ | (367,183 | )
Segment assets(2) | $ | 406,648 |  |  | $ | 190,714 |  |  | $ | 197,873 |  |  | $ | 113,305 |  |  | $ | 91,141 |  |  | $ | 27,892 |  |  | $ | 75,737 |  |  | $ | 1,103,310 |
Capital expenditures | $ | 35,991 |  |  | $ | 25,330 |  |  | $ | 23,834 |  |  | $ | 3,211 |  |  | $ | 6,220 |  |  | $ | — |  |  | $ | 607 |  |  | $ | 95,193 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Year ended December 31, 2014 | Palmarejo |  | Rochester |  | Kensington |  | San Bartolomé |  | Coeur Capital |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 244,003 |  |  | $ | 123,768 |  |  | $ | 136,960 |  |  | $ | 117,749 |  |  | $ | 10,046 |  |  | $ | — |  |  | $ | 632,526 |
Royalties | — |  |  | — |  |  | — |  |  | — |  |  | 3,216 |  |  | — |  |  | 3,216 |
| 244,003 |  |  | 123,768 |  |  | 136,960 |  |  | 117,749 |  |  | 13,262 |  |  | — |  |  | 635,742 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 187,276 |  |  | 91,462 |  |  | 105,342 |  |  | 89,659 |  |  | 4,206 |  |  | — |  |  | 477,945 |
Amortization | 69,431 |  |  | 20,790 |  |  | 43,619 |  |  | 19,423 |  |  | 7,015 |  |  | 2,158 |  |  | 162,436 |
Exploration | 6,671 |  |  | 2,636 |  |  | 8,005 |  |  | 120 |  |  | 515 |  |  | 3,793 |  |  | 21,740 |
Write-downs | 784,038 |  |  | — |  |  | 107,832 |  |  | 118,754 |  |  | 6,202 |  |  | 455,895 |  |  | 1,472,721 |
Other operating expenses | 620 |  |  | 2,813 |  |  | 796 |  |  | (251 | ) |  | 938 |  |  | 61,966 |  |  | 66,882 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | (1,847 | ) |  | 3,653 |  |  | — |  |  | — |  |  | — |  |  | 1,812 |  |  | 3,618 |
Interest expense, net | (9,320 | ) |  | (679 | ) |  | (214 | ) |  | (52 | ) |  | (1 | ) |  | (37,280 | ) |  | (47,546 | )
Other, net | 131 |  |  | 105 |  |  | (22 | ) |  | 2,461 |  |  | (7,141 | ) |  | (752 | ) |  | (5,218 | )
Income and mining tax (expense) benefit | 251,840 |  |  | (2,224 | ) |  | — |  |  | 18,114 |  |  | 2,067 |  |  | 158,457 |  |  | 428,254 |
Net income (loss) | $ | (563,229 | ) |  | $ | 6,922 |  |  | $ | (128,870 | ) |  | $ | (89,433 | ) |  | $ | (10,689 | ) |  | $ | (401,575 | ) |  | $ | (1,186,874 | )
Segment assets(2) | $ | 332,369 |  |  | $ | 196,765 |  |  | $ | 215,973 |  |  | $ | 188,616 |  |  | $ | 59,848 |  |  | $ | 81,688 |  |  | $ | 1,075,259 |
Capital expenditures | $ | 26,084 |  |  | $ | 11,898 |  |  | $ | 16,220 |  |  | $ | 7,937 |  |  | $ | — |  |  | $ | 2,105 |  |  | $ | 64,244 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Consolidated Assets |
Assets | December 31, 2016 |  | December 31, 2015
Total assets for reportable segments | $ | 1,122,038 |  |  | $ | 1,103,310 |
Cash and cash equivalents | 162,182 |  |  | 200,714 |
Other assets | 34,689 |  |  | 28,465 |
Total consolidated assets | $ | 1,318,909 |  |  | $ | 1,332,489 |
Long Lived Assets by Country | Geographic Information
Long-Lived Assets | December 31, 2016 |  | December 31, 2015
Mexico | $ | 397,697 |  |  | $ | 390,694 |
United States | 338,897 |  |  | 336,210 |
Bolivia | 31,539 |  |  | 35,201 |
Australia | 2,983 |  |  | 5,952 |
Argentina | 10,228 |  |  | 10,871 |
Other | 5,564 |  |  | 9,058 |
Total | $ | 786,908 |  |  | $ | 787,986 |
Revenue by Country |
Revenue | Year ended December 31,
2016 |  | 2015 |  | 2014
United States | $ | 423,216 |  |  | $ | 376,692 |  |  | $ | 260,728 |
Mexico | 142,198 |  |  | 171,911 |  |  | 245,493 |
Bolivia | 93,880 |  |  | 84,679 |  |  | 117,749 |
Australia | 4,128 |  |  | 8,732 |  |  | 10,046 |
Other | 2,355 |  |  | 4,072 |  |  | 1,726 |
Total | $ | 665,777 |  |  | $ | 646,086 |  |  | $ | 635,742 |
The Company's doré, as well as the concentrate produced by the Wharf mine, is refined into gold and silver bullion according to benchmark standards set by the LBMA, which regulates the acceptable requirements for bullion traded in the London precious metals markets. The Company sells its silver and gold bullion to multi-national banks, bullion trading houses, and refiners across the globe. The Company has eleven trading counterparties at December 31, 2016. The Company's sales of doré and concentrate product produced by the Wharf mine amounted to approximately 77%, 74%, and 63% of total metal sales for the years ended December 31, 2016, 2015, and 2014, respectively. Generally, the loss of a single bullion trading counterparty would not adversely affect the Company due to the liquidity of the markets and availability of alternative trading counterparties. The Company's concentrate produced by the Kensington mine is sold to smelters under purchase and sale agreements, and the smelters pay the Company for the gold and silver recovered from the concentrates. The concentrate was sold to two smelters at December 31, 2016. The Company's sales of concentrate produced by the Kensington mine amounted to approximately 23%, 26%, and 37% of total metal sales for the years ended December 31, 2016, 2015, and 2014, respectively. While the loss of a smelter may have a material adverse effect if alternate smelters are not available or if the failure to engage a new smelter results in a delay in the sale or purchase of Kensington concentrate, the Company believes that there is sufficient global capacity available to address the loss of a smelter. The following table indicates customers that represent 10% or more of total sales of metal for at least one of the years December 31, 2016, 2015, and 2014 (in millions):
|  | Year ended December 31, |  |
Customer |  | 2016 |  | 2015 |  | 2014 |  | Segments reporting revenue
China National Gold |  | $ | 126.6 |  |  | $ | 126.2 |  |  | $ | 86.8 |  |  | Kensington
Ohio Precious Metals |  | 98.4 |  |  | 37.3 |  |  | 8.3 |  |  | Palmarejo, San Bartolomé,
Republic Metal Corporation |  | 93.3 |  |  | 47.7 |  |  | 4.0 |  |  | Palmarejo, San Bartolomé, Wharf
INTL Commodities |  | 76.7 |  |  | 33.1 |  |  | 22.4 |  |  | Palmarejo, San Bartolomé, Rochester, Wharf
Asahi (formerly Johnson Matthey) |  | 62.6 |  |  | 84.2 |  |  | 71.8 |  |  | Wharf, Rochester, San Bartolomé
Standard Bank |  | 29.0 |  |  | 34.7 |  |  | 87.5 |  |  | Palmarejo, Rochester
TD Securities |  | 15.5 |  |  | 81.3 |  |  | 106.7 |  |  | Palmarejo, Rochester
Mitsui & Co. |  | — |  |  | 137.7 |  |  | 133.8 |  |  | Palmarejo, Rochester

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- 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
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