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Segment Reporting | 3 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING The Company’s operating segments include the Palmarejo complex, and the Rochester, Kensington, Wharf and Silvertip mines. Except for the Silvertip mine, which was acquired in the fourth quarter of 2017, all operating segments are engaged in the discovery, mining, and production of gold and/or silver. Silvertip is engaged in the discovery, mining, and production of silver, zinc and lead. Other includes the La Preciosa project, other mineral interests, strategic equity investments, corporate office, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts. The Company determined that the disposition of Empresa Minera Manquiri S.A., a Bolivian Sociedad anonima (“Manquiri”), which operates the San Bartolomé mine, represents a strategic shift to a North America-focused mining portfolio and has a significant effect on the entity's results and operations; therefore, the results of operations are presented as discontinued operations for all periods presented. Financial information relating to the Company’s segments is as follows (in thousands):
Three months ended March 31, 2018 | Palmarejo |  | Rochester |  | Silvertip |  | Kensington |  | Wharf |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 70,037 |  |  | $ | 33,497 |  |  | $ | — |  |  | $ | 36,300 |  |  | $ | 23,433 |  |  | $ | — |  |  | $ | 163,267 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 31,096 |  |  | 24,305 |  |  | — |  |  | 28,630 |  |  | 15,309 |  |  | — |  |  | 99,340 |
Amortization | 16,325 |  |  | 4,831 |  |  | — |  |  | 6,717 |  |  | 2,657 |  |  | 247 |  |  | 30,777 |
Exploration | 3,970 |  |  | 33 |  |  | — |  |  | 1,590 |  |  | 10 |  |  | 1,080 |  |  | 6,683 |
Other operating expenses | 731 |  |  | 884 |  |  | 20 |  |  | 321 |  |  | 665 |  |  | 10,408 |  |  | 13,029 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,987 |  |  | 4,987 |
Interest expense, net | (119 | ) |  | (98 | ) |  | (410 | ) |  | (243 | ) |  | (12 | ) |  | (5,083 | ) |  | (5,965 | )
Other, net | (2,144 | ) |  | (40 | ) |  | 362 |  |  | (37 | ) |  | (21 | ) |  | 2,060 |  |  | 180 |
Income and mining tax (expense) benefit | (12,443 | ) |  | (371 | ) |  | 835 |  |  | — |  |  | (639 | ) |  | 669 |  |  | (11,949 | )
Income (loss) from continuing operations | $ | 3,209 |  |  | $ | 2,935 |  |  | $ | 767 |  |  | $ | (1,238 | ) |  | $ | 4,120 |  |  | $ | (9,102 | ) |  | $ | 691 |
Income (loss) from discontinued operations | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 550 |  |  | $ | 550 |
Segment assets(2) | $ | 377,146 |  |  | $ | 245,881 |  |  | $ | 361,212 |  |  | $ | 215,244 |  |  | $ | 104,805 |  |  | $ | 119,922 |  |  | $ | 1,424,210 |
Capital expenditures | $ | 9,293 |  |  | $ | 2,633 |  |  | $ | 18,629 |  |  | $ | 11,364 |  |  | $ | 344 |  |  | $ | 82 |  |  | $ | 42,345 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Three months ended March 31, 2017 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |
Metal sales | $ | 77,704 |  |  | $ | 38,979 |  |  | $ | 37,964 |  |  | $ | 30,251 |  |  | $ | 656 |  |  | $ | 185,554 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 43,001 |  |  | 26,439 |  |  | 28,443 |  |  | 16,320 |  |  | 287 |  |  | 114,490 |
Amortization | 20,150 |  |  | 5,816 |  |  | 9,178 |  |  | 3,111 |  |  | 438 |  |  | 38,693 |
Exploration | 1,631 |  |  | 144 |  |  | 839 |  |  | — |  |  | 2,638 |  |  | 5,252 |
Other operating expenses | 301 |  |  | 810 |  |  | 345 |  |  | 619 |  |  | 11,887 |  |  | 13,962 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | — |  |  | (1,200 | ) |  | — |  |  | — |  |  | — |  |  | (1,200 | )
Interest expense, net | (125 | ) |  | (117 | ) |  | (40 | ) |  | (19 | ) |  | (3,278 | ) |  | (3,579 | )
Other, net | 1,794 |  |  | (32 | ) |  | (808 | ) |  | 89 |  |  | 19,756 |  |  | 20,799 |
Income and mining tax (expense) benefit | (12,245 | ) |  | (498 | ) |  | — |  |  | (957 | ) |  | 2,822 |  |  | (10,878 | )
Income (loss) from continuing operations | $ | 2,045 |  |  | $ | 3,923 |  |  | $ | (1,689 | ) |  | $ | 9,314 |  |  | $ | 4,706 |  |  | $ | 18,299 |
Income (loss) from discontinued operations | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 364 |  |  | $ | 364 |
Segment assets(2) | $ | 401,623 |  |  | $ | 227,526 |  |  | $ | 204,987 |  |  | $ | 104,673 |  |  | $ | 84,402 |  |  | $ | 1,023,211 |
Capital expenditures | $ | 6,230 |  |  | $ | 10,568 |  |  | $ | 5,521 |  |  | $ | 887 |  |  | $ | 385 |  |  | $ | 23,591 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Assets | March 31, 2018 |  | December 31, 2017
Total assets for reportable segments | $ | 1,424,210 |  |  | $ | 1,344,553 |
Cash and cash equivalents | 159,643 |  |  | 192,032 |
Other assets | 78,082 |  |  | 164,590 |
Total consolidated assets | $ | 1,661,935 |  |  | $ | 1,701,175 |
Geographic Information
Long-Lived Assets | March 31, 2018 |  | December 31, 2017
Mexico | $ | 364,047 |  |  | $ | 370,188 |
United States | 384,578 |  |  | 377,768 |
Canada | 350,556 |  |  | 331,440 |
Other | 10,797 |  |  | 4,910 |
Total | $ | 1,109,978 |  |  | $ | 1,084,306 |
Revenue | Three months ended March 31,
2018 |  | 2017
United States | $ | 93,230 |  |  | $ | 107,194 |
Mexico | 70,037 |  |  | 77,704 |
Australia | — |  |  | 656 |
Total | $ | 163,267 |  |  | $ | 185,554 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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