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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2018
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, 2018 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | Silvertip |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Gold sales | $ | 131,758 |  |  | $ | 66,556 |  |  | $ | 132,924 |  |  | $ | 95,770 |  |  | $ | — |  |  | $ | — |  |  | $ | 427,008 |
Silver sales | 113,998 |  |  | 75,252 |  |  | — |  |  | 746 |  |  | 3,157 |  |  | — |  |  | 193,153 |
Zinc sales | — |  |  | — |  |  | — |  |  | — |  |  | 3,612 |  |  | — |  |  | 3,612 |
Lead sales | — |  |  | — |  |  | — |  |  | — |  |  | 2,131 |  |  | — |  |  | 2,131 |
Metal sales | 245,756 |  |  | 141,808 |  |  | 132,924 |  |  | 96,516 |  |  | 8,900 |  |  | — |  |  | 625,904 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 120,088 |  |  | 105,677 |  |  | 112,364 |  |  | 67,201 |  |  | 35,620 |  |  | — |  |  | 440,950 |
Amortization | 60,744 |  |  | 20,909 |  |  | 29,508 |  |  | 11,072 |  |  | 5,235 |  |  | 1,005 |  |  | 128,473 |
Exploration | 10,516 |  |  | 332 |  |  | 5,871 |  |  | 104 |  |  | 2,748 |  |  | 5,826 |  |  | 25,397 |
Other operating expenses | 3,043 |  |  | 7,071 |  |  | 1,721 |  |  | 2,686 |  |  | 303 |  |  | 36,564 |  |  | 51,388 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,638 |  |  | 3,638 |
Interest expense, net | (2,137 | ) |  | (466 | ) |  | (973 | ) |  | (40 | ) |  | (766 | ) |  | (19,982 | ) |  | (24,364 | )
Other, net | (8,308 | ) |  | (1,211 | ) |  | 2,795 |  |  | (834 | ) |  | (370 | ) |  | (16,777 | ) |  | (24,705 | )
Income and mining tax (expense) benefit | (15,724 | ) |  | (874 | ) |  | — |  |  | (1,063 | ) |  | 16,057 |  |  | 18,384 |  |  | 16,780 |
Income (loss) from continuing operations | $ | 25,196 |  |  | $ | 5,268 |  |  | $ | (14,718 | ) |  | $ | 13,516 |  |  | $ | (20,085 | ) |  | $ | (58,132 | ) |  | $ | (48,955 | )
Income (loss) from discontinued operations | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 550 |  |  | $ | 550 |
Segment assets(2) | $ | 363,024 |  |  | $ | 269,903 |  |  | $ | 224,460 |  |  | $ | 102,246 |  |  | $ | 415,998 |  |  | $ | 175,040 |  |  | $ | 1,550,671 |
Capital expenditures | $ | 29,425 |  |  | $ | 9,919 |  |  | $ | 44,738 |  |  | $ | 3,382 |  |  | $ | 52,932 |  |  | $ | 391 |  |  | $ | 140,787 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Year ended December 31, 2017 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | Silvertip |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Gold sales | $ | 146,187 |  |  | $ | 68,964 |  |  | $ | 154,469 |  |  | $ | 124,629 |  |  | — |  |  | $ | — |  |  | $ | 494,249 |
Silver sales | 128,622 |  |  | 83,716 |  |  | — |  |  | 1,272 |  |  | — |  |  | 1,739 |  |  | 215,349 |
Metal sales | 274,809 |  |  | 152,680 |  |  | 154,469 |  |  | 125,901 |  |  | — |  |  | 1,739 |  |  | 709,598 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  | — |  |  |
Costs applicable to sales(1) | 146,176 |  |  | 107,921 |  |  | 116,096 |  |  | 69,322 |  |  | — |  |  | 745 |  |  | 440,260 |
Amortization | 73,744 |  |  | 22,306 |  |  | 36,022 |  |  | 13,012 |  |  | — |  |  | 1,465 |  |  | 146,549 |
Exploration | 11,924 |  |  | 1,352 |  |  | 8,604 |  |  | 320 |  |  | — |  |  | 8,111 |  |  | 30,311 |
Other operating expenses | 1,263 |  |  | 3,394 |  |  | 1,412 |  |  | 2,468 |  |  | 153 |  |  | 44,015 |  |  | 52,552 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on debt extinguishment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9,342 | ) |  | (9,342 | )
Fair value adjustments, net | — |  |  | (864 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (864 | )
Interest expense, net | (487 | ) |  | (496 | ) |  | (413 | ) |  | (66 | ) |  | (2,212 | ) |  | (14,978 | ) |  | (16,440 | )
Other, net | (851 | ) |  | 2,193 |  |  | (922 | ) |  | 172 |  |  | 1,142 |  |  | 26,051 |  |  | 26,643 |
Income and mining tax (expense) benefit | (24,330 | ) |  | (1,028 | ) |  | — |  |  | (3,936 | ) |  | (932 | ) |  | 296 |  |  | (28,998 | )
Income (loss) from continuing operations | $ | 16,034 |  |  | $ | 17,512 |  |  | $ | (9,000 | ) |  | $ | 36,949 |  |  | $ | (2,155 | ) |  | $ | (50,570 | ) |  | $ | 10,925 |
Income (loss) from discontinued operations | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | — |  |  | $ | (12,244 | ) |  | $ | (12,244 | )
Segment assets(2) | $ | 377,621 |  |  | $ | 239,223 |  |  | $ | 212,588 |  |  | $ | 104,010 |  |  | 339,369 |  |  | $ | 411,111 |  |  | $ | 1,344,553 |
Capital expenditures | $ | 29,902 |  |  | $ | 40,874 |  |  | $ | 36,248 |  |  | $ | 8,844 |  |  | 17,684 |  |  | $ | 20,866 |  |  | $ | 136,734 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Year ended December 31, 2016 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |
Gold sales | $ | 72,612 |  |  | $ | 61,724 |  |  | $ | 146,593 |  |  | $ | 135,061 |  |  | $ | — |  |  | $ | 415,990 |
Silver sales | 68,661 |  |  | 78,221 |  |  | — |  |  | 1,617 |  |  | 4,128 |  |  | 152,627 |
Metal sales | 141,273 |  |  | 139,945 |  |  | 146,593 |  |  | 136,678 |  |  | 4,128 |  |  | 568,617 |
Royalties | — |  |  | — |  |  | — |  |  | — |  |  | 3,280 |  |  | 3,280 |
| 141,273 |  |  | 139,945 |  |  | 146,593 |  |  | 136,678 |  |  | 7,408 |  |  | 571,897 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 80,820 |  |  | 89,726 |  |  | 96,731 |  |  | 66,379 |  |  | 1,719 |  |  | 335,375 |
Amortization | 36,599 |  |  | 21,838 |  |  | 34,787 |  |  | 20,621 |  |  | 2,683 |  |  | 116,528 |
Exploration | 5,063 |  |  | 841 |  |  | 3,487 |  |  | 2 |  |  | 3,537 |  |  | 12,930 |
Write-downs | — |  |  | — |  |  | — |  |  | — |  |  | 4,446 |  |  | 4,446 |
Other operating expenses | 1,213 |  |  | 2,801 |  |  | 1,038 |  |  | 2,238 |  |  | 36,396 |  |  | 43,686 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |
Loss on debt extinguishment | — |  |  | — |  |  | — |  |  | — |  |  | (21,365 | ) |  | (21,365 | )
Fair value adjustments, net | (5,814 | ) |  | (4,133 | ) |  | — |  |  | — |  |  | (1,634 | ) |  | (11,581 | )
Interest expense, net | (1,187 | ) |  | (664 | ) |  | (128 | ) |  | (69 | ) |  | (34,848 | ) |  | (36,896 | )
Other, net | (12,125 | ) |  | (3,859 | ) |  | (25 | ) |  | 17 |  |  | 16,090 |  |  | 98 |
Income and mining tax (expense) benefit | 45,085 |  |  | (2,785 | ) |  | — |  |  | (4,293 | ) |  | (4,760 | ) |  | 33,247 |
Income (loss) from continuing operations | $ | 43,537 |  |  | $ | 13,298 |  |  | $ | 10,397 |  |  | $ | 43,093 |  |  | $ | (87,890 | ) |  | $ | 22,435 |
Income (loss) from discontinued operations | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 32,917 |  |  | $ | 32,917 |
Segment assets(2) | $ | 436,642 |  |  | $ | 219,009 |  |  | $ | 199,232 |  |  | $ | 105,901 |  |  | $ | 84,938 |  |  | $ | 1,045,722 |
Capital expenditures | $ | 35,810 |  |  | $ | 16,446 |  |  | $ | 36,826 |  |  | $ | 4,812 |  |  | $ | 488 |  |  | $ | 94,382 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Consolidated Assets |
Assets | December 31, 2018 |  | December 31, 2017
Total assets for reportable segments | $ | 1,550,671 |  |  | $ | 1,344,553 |
Cash and cash equivalents | 115,081 |  |  | 192,032 |
Other assets | 46,748 |  |  | 164,590 |
Total consolidated assets | $ | 1,712,500 |  |  | $ | 1,701,175 |
Long Lived Assets by Country | Geographic Information
Long-Lived Assets | December 31, 2018 |  | December 31, 2017
Mexico | $ | 342,007 |  |  | $ | 370,188 |
United States | 515,649 |  |  | 377,768 |
Canada | 404,185 |  |  | 331,440 |
Other | 8,177 |  |  | 4,910 |
Total | $ | 1,270,018 |  |  | $ | 1,084,306 |
Revenue by Country |
Revenue | Year ended December 31,
2018 |  | 2017 |  | 2016
United States | $ | 371,248 |  |  | $ | 433,050 |  |  | $ | 423,216 |
Mexico | 245,756 |  |  | 274,809 |  |  | 142,198 |
Canada | 8,900 |  |  | — |  |  | — |
Australia | — |  |  | 1,739 |  |  | 4,128 |
Other | — |  |  | — |  |  | 2,355 |
Total | $ | 625,904 |  |  | $ | 709,598 |  |  | $ | 571,897 |
The Company's doré, as well as the concentrate product 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 then sells its gold and silver bullion to multi-national banks, bullion trading houses, and refiners across the globe. The Company has seven trading counterparties at December 31, 2018. The Company's sales of doré or concentrate product produced by the Palmarejo, Rochester, and Wharf mines amounted to approximately 77%, 78%, and 74% of total metal sales for the years ended December 31, 2018, 2017, and 2016, respectively. In November 2018, one of the refiners, Republic Metals Corp. (“RMC”), a U.S.-based precious metals refiner, filed Chapter 11 bankruptcy. Approximately 0.4 million ounces of Coeur’s silver and 6,500 ounces of Coeur’s gold was impacted by RMC’s bankruptcy filing. The Company recognized a $6.5 million write-down related to the receivable with RMC. The Company's gold concentrate product from the Kensington mine and the zinc and lead concentrates from the Silvertip mine are sold under a variety of agreements with smelters and traders, and the smelters and traders pay the Company for the metals recovered from the concentrates. The Company’s sales of concentrate produced by the Kensington and Silvertip mines amounted to approximately 23%, 22%, and 26% of total metal sales for the years ended December 31, 2018, 2017, and 2016, respectively. The Company believes that the loss of a smelter, refiner, trader or third-party customer would not materially adversely affect the Company due to the liquidity of the markets and current availability of alternative trading counterparties. The following table indicates customers that represent 10% or more of total sales of metal for at least one of the years December 31, 2018, 2017, and 2016 (in millions):
|  | Year ended December 31, |  |
Customer |  | 2018 |  | 2017 |  | 2016 |  | Segments reporting revenue
Asahi (formerly Johnson Matthey) |  | $ | 213.0 |  |  | $ | 124.1 |  |  | $ | 62.6 |  |  | Palmarejo, Wharf, Rochester
Techemet Metal Trading |  | 83.3 |  |  | 104.8 |  |  | 40.7 |  |  | Rochester, Wharf
Ocean Partners |  | 74.8 |  |  | — |  |  | — |  |  | Silvertip, Kensington
RMC |  | 71.7 |  |  | 132.4 |  |  | 47.3 |  |  | Palmarejo, Rochester
China National Gold |  | 54.1 |  |  | 137.5 |  |  | 126.6 |  |  | Kensington
INTL Commodities |  | — |  |  | 9.6 |  |  | 76.6 |  |  | Palmarejo, Rochester, Wharf

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