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v3.22.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2022
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 March 31, 2022 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | Silvertip |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Gold sales | $ | 40,074 |  |  | $ | 11,052 |  |  | $ | 44,059 |  |  | $ | 34,266 |  |  | $ | — |  |  | $ | — |  |  | $ | 129,451 |
Silver sales | 42,999 |  |  | 15,317 |  |  | 245 |  |  | 392 |  |  | — |  |  | — |  |  | 58,953 |
Metal sales | 83,073 |  |  | 26,369 |  |  | 44,304 |  |  | 34,658 |  |  | — |  |  | — |  |  | 188,404 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 43,225 |  |  | 32,275 |  |  | 36,910 |  |  | 20,857 |  |  | — |  |  | — |  |  | 133,267 |
Amortization | 9,386 |  |  | 4,710 |  |  | 8,622 |  |  | 2,061 |  |  | 1,259 |  |  | 395 |  |  | 26,433 |
Exploration | 1,610 |  |  | 1,942 |  |  | 402 |  |  | — |  |  | — |  |  | 1,464 |  |  | 5,418 |
Other operating expenses | 921 |  |  | 1,831 |  |  | 615 |  |  | 512 |  |  | 6,494 |  |  | 11,311 |  |  | 21,684 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,605 |  |  | 10,605 |
Interest expense, net | (115) |  |  | (178) |  |  | (248) |  |  | (13) |  |  | (68) |  |  | (3,946) |  |  | (4,568) |
Other, net(3) | (339) |  |  | (48) |  |  | 106 |  |  | 39 |  |  | (5) |  |  | 1,984 |  |  | 1,737 |
Income and mining tax (expense) benefit | (12,075) |  |  | (35) |  |  | — |  |  | (993) |  |  | — |  |  | 11,409 |  |  | (1,694) |
Net Income (loss) | $ | 15,402 |  |  | $ | (14,650) |  |  | $ | (2,387) |  |  | $ | 10,261 |  |  | $ | (7,826) |  |  | $ | 6,882 |  |  | $ | 7,682 |
Segment assets(2) | $ | 288,081 |  |  | $ | 618,481 |  |  | $ | 149,840 |  |  | $ | 91,527 |  |  | $ | 234,693 |  |  | $ | 127,015 |  |  | $ | 1,509,637 |
Capital expenditures | $ | 13,611 |  |  | $ | 33,050 |  |  | $ | 7,924 |  |  | $ | 1,361 |  |  | $ | 11,859 |  |  | $ | 1,697 |  |  | $ | 69,502 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests (3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail
Three Months Ended March 31, 2021 | Palmarejo |  | Rochester |  | Kensington |  | Wharf |  | Silvertip |  | Other |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Gold sales | $ | 37,567 |  |  | $ | 12,440 |  |  | $ | 54,466 |  |  | $ | 33,849 |  |  | $ | — |  |  | $ | — |  |  | $ | 138,322 |
Silver sales | 42,778 |  |  | 20,317 |  |  | — |  |  | 700 |  |  | — |  |  | — |  |  | 63,795 |
Metal sales | 80,345 |  |  | 32,757 |  |  | 54,466 |  |  | 34,549 |  |  | — |  |  | — |  |  | 202,117 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Costs applicable to sales(1) | 33,988 |  |  | 24,033 |  |  | 31,394 |  |  | 18,732 |  |  | — |  |  | — |  |  | 108,147 |
Amortization | 9,059 |  |  | 3,577 |  |  | 13,445 |  |  | 2,475 |  |  | 1,086 |  |  | 295 |  |  | 29,937 |
Exploration | 1,693 |  |  | 472 |  |  | 1,109 |  |  | 67 |  |  | 2,932 |  |  | 3,393 |  |  | 9,666 |
Other operating expenses | 1,270 |  |  | 1,448 |  |  | 2,995 |  |  | 185 |  |  | 6,555 |  |  | 12,813 |  |  | 25,266 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on debt extinguishment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9,173) |  |  | (9,173) |
Fair value adjustments, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,799) |  |  | (3,799) |
Interest expense, net | (187) |  |  | (222) |  |  | (232) |  |  | (37) |  |  | 45 |  |  | (4,277) |  |  | (4,910) |
Other, net(3) | (665) |  |  | (61) |  |  | — |  |  | 24 |  |  | (102) |  |  | 4,431 |  |  | 3,627 |
Income and mining tax (expense) benefit | (11,340) |  |  | (138) |  |  | (334) |  |  | (1,129) |  |  | — |  |  | 155 |  |  | (12,786) |
Net Income (loss) | $ | 22,143 |  |  | $ | 2,806 |  |  | $ | 4,957 |  |  | $ | 11,948 |  |  | $ | (10,630) |  |  | $ | (29,164) |  |  | $ | 2,060 |
Segment assets(2) | $ | 306,648 |  |  | $ | 388,047 |  |  | $ | 162,727 |  |  | $ | 79,018 |  |  | $ | 169,328 |  |  | $ | 177,516 |  |  | $ | 1,283,284 |
Capital expenditures | $ | 9,983 |  |  | $ | 30,177 |  |  | $ | 7,202 |  |  | $ | 1,481 |  |  | $ | 10,387 |  |  | $ | 194 |  |  | $ | 59,424 |
(1) Excludes amortization (2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests (3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail
Consolidated Assets |
Assets | March 31, 2022 |  | December 31, 2021
Total assets for reportable segments | $ | 1,509,637 |  |  | $ | 1,424,934 |
Cash and cash equivalents | 73,330 |  |  | 56,664 |
Other assets | 234,234 |  |  | 252,824 |
Total consolidated assets | $ | 1,817,201 |  |  | $ | 1,734,422 |
Long Lived Assets by Country | Geographic Information
Long-Lived Assets | March 31, 2022 |  | December 31, 2021
United States | $ | 774,536 |  |  | $ | 704,007 |
Mexico | 247,218 |  |  | 244,758 |
Canada | 228,715 |  |  | 223,876 |
Other | 124 |  |  | 125 |
Total | $ | 1,250,593 |  |  | $ | 1,172,766 |
Revenue by Country |
Revenue |  |  | Three months ended March 31,
|  |  |  | 2022 |  | 2021 |  |
United States |  |  |  |  | $ | 105,331 |  |  | $ | 121,772 |  |  |
Mexico |  |  |  |  | 83,073 |  |  | 80,345 |  |  |
Total |  |  |  |  | $ | 188,404 |  |  | $ | 202,117 |  |  |

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