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Note 3 - Business Segments, Sales of Products and Significant Customers (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Information About Reportable Segments | The tables below present information about our reportable segments as of and for the years ended December 31, 2022, 2021 and 2020 (in thousands).
|  | 2022 |  |  | 2021 |  |  | 2020 |
Net sales to unaffiliated customers: |  |  |  |  |  |  |  |  |
Greens Creek |  | $ | 335,062 |  |  | $ | 384,843 |  |  | $ | 327,820 |
Lucky Friday |  |  | 147,814 |  |  |  | 131,488 |  |  |  | 63,025 |
Keno Hill |  |  | — |  |  |  | — |  |  |  | — |
Casa Berardi |  |  | 235,136 |  |  |  | 245,152 |  |  |  | 209,224 |
Nevada Operations |  |  | 419 |  |  |  | 45,814 |  |  |  | 58,898 |
Other |  |  | 474 |  |  |  | 176 |  |  |  | 32,906 |
Total sales to unaffiliated customers |  | $ | 718,905 |  |  | $ | 807,473 |  |  | $ | 691,873 |
Income (loss) from operations: |  |  |  |  |  |  |  |  |
Greens Creek |  | $ | 87,297 |  |  | $ | 164,666 |  |  | $ | 114,607 |
Lucky Friday |  |  | 27,636 |  |  |  | 31,683 |  |  |  | (1,711 | )
Keno Hill |  |  | (4,249 | ) |  |  | — |  |  |  | — |
Casa Berardi |  |  | (21,799 | ) |  |  | 5,807 |  |  |  | 10,379 |
Nevada Operations |  |  | (38,134 | ) |  |  | (46,115 | ) |  |  | (6,674 | )
Other |  |  | (63,189 | ) |  |  | (72,621 | ) |  |  | (49,623 | )
Total (loss) income from operations |  | $ | (12,438 | ) |  | $ | 83,420 |  |  | $ | 66,978 |
Capital additions (excluding non-cash items): |  |  |  |  |  |  |  |  |
Greens Creek |  | $ | 36,898 |  |  | $ | 23,883 |  |  | $ | 19,685 |
Lucky Friday |  |  | 50,992 |  |  |  | 29,885 |  |  |  | 25,776 |
Keno Hill |  |  | 19,725 |  |  |  | — |  |  |  | — |
Casa Berardi |  |  | 39,667 |  |  |  | 49,617 |  |  |  | 40,840 |
Nevada Operations |  |  | 333 |  |  |  | 5,470 |  |  |  | 4,003 |
Other |  |  | 1,763 |  |  |  | 193 |  |  |  | 712 |
Total capital additions |  | $ | 149,378 |  |  | $ | 109,048 |  |  | $ | 91,016 |
Depreciation, depletion and amortization: |  |  |  |  |  |  |  |  |
Greens Creek |  | $ | 48,911 |  |  | $ | 48,710 |  |  |  | 49,692 |
Lucky Friday |  |  | 33,704 |  |  |  | 26,846 |  |  |  | 11,473 |
Keno Hill |  |  | — |  |  |  | — |  |  |  | — |
Casa Berardi |  |  | 60,962 |  |  |  | 80,744 |  |  |  | 60,552 |
Nevada Operations |  |  | 361 |  |  |  | 15,341 |  |  |  | 22,845 |
Other |  |  | — |  |  |  | 152 |  |  |  | 3,548 |
Total depreciation, depletion and amortization |  | $ | 143,938 |  |  | $ | 171,793 |  |  | $ | 148,110 |
Other significant non-cash items: |  |  |  |  |  |  |  |  |
Greens Creek |  | $ | 2,821 |  |  | $ | 3,653 |  |  | $ | 3,103 |
Lucky Friday |  |  | 1,138 |  |  |  | 1,048 |  |  |  | 881 |
Keno Hill |  |  | 1,669 |  |  |  | — |  |  |  | — |
Casa Berardi |  |  | 1,520 |  |  |  | 1,284 |  |  |  | (1,741 | )
Nevada Operations |  |  | 4,384 |  |  |  | 7,740 |  |  |  | 2,039 |
Other |  |  | (816 | ) |  |  | (20,030 | ) |  |  | 8,569 |
Total other significant non-cash items |  | $ | 10,716 |  |  | $ | (6,305 | ) |  | $ | 12,851 |
Identifiable assets: |  |  |  |  |  |  |  |  |
Greens Creek |  | $ | 582,687 |  |  | $ | 589,944 |  |  | $ | 610,360 |
Lucky Friday |  |  | 571,510 |  |  |  | 516,545 |  |  |  | 520,463 |
Keno Hill |  |  | 276,096 |  |  |  | — |  |  |  | — |
Casa Berardi |  |  | 681,631 |  |  |  | 701,868 |  |  |  | 727,008 |
Nevada Operations |  |  | 466,722 |  |  |  | 468,985 |  |  |  | 513,309 |
Other |  |  | 348,526 |  |  |  | 451,466 |  |  |  | 329,070 |
Total identifiable assets |  | $ | 2,927,172 |  |  | $ | 2,728,808 |  |  | $ | 2,700,210 |
Schedule of Long-lived Assets by Geographic Area | The following are our long-lived assets by geographic area as of December 31, 2022 and 2021 (in thousands):
|  | 2022 |  |  | 2021 |
United States |  | $ | 1,670,676 |  |  | $ | 1,662,689 |
Canada |  |  | 891,375 |  |  |  | 640,367 |
Mexico |  |  | 7,739 |  |  |  | 7,754 |
Total long-lived assets |  | $ | 2,569,790 |  |  | $ | 2,310,810 |
Schedule of Sales Contributed by Each Segment | Sales of metal concentrates and metal products are made principally to custom smelters, third-party processors and metal traders. The percentage of sales contributed by each segment is reflected in the following table:
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Greens Creek |  |  | 46.6 | % |  |  | 47.6 | % |  |  | 47.4 | %
Lucky Friday |  |  | 20.6 | % |  |  | 16.3 | % |  |  | 9.1 | %
Casa Berardi |  |  | 32.7 | % |  |  | 30.4 | % |  |  | 30.2 | %
Nevada Operations |  |  | 0.1 | % |  |  | 5.7 | % |  |  | 8.5 | %
Other |  |  | — |  |  |  | — |  |  |  | 4.8 | %
|  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Schedule of Sales of Products by Metal | Sales of metal for the years ended December 31, 2022, 2021 and 2020 were as follows (in thousands):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Silver |  | $ | 265,054 |  |  | $ | 293,646 |  |  | $ | 260,227 |
Gold |  |  | 298,910 |  |  |  | 362,037 |  |  |  | 356,166 |
Lead |  |  | 83,384 |  |  |  | 75,431 |  |  |  | 48,776 |
Zinc |  |  | 123,057 |  |  |  | 125,292 |  |  |  | 95,065 |
Less: Smelter and refining charges |  |  | (51,973 | ) |  |  | (48,933 | ) |  |  | (68,361 | )
Sales of products |  | $ | 718,432 |  |  | $ | 807,473 |  |  | $ | 691,873 |
Schedule of Sales Information by Geographic Area | The following is sales information by geographic area based on the location of smelters and metal traders (for concentrate shipments) and the location of parent companies (for doré sales to metal traders) for the years ended December 31, 2022, 2021 and 2020 (in thousands):
|  | 2022 |  |  | 2021 |  |  | 2020 |
United States |  | $ | 21,938 |  |  | $ | 71,278 |  |  | $ | 115,378 |
Canada |  |  | 406,600 |  |  |  | 419,090 |  |  |  | 321,896 |
Japan |  |  | 51,375 |  |  |  | 63,588 |  |  |  | 39,418 |
Netherlands |  |  | — |  |  |  | — |  |  |  | (923 | )
Korea |  |  | 107,828 |  |  |  | 203,115 |  |  |  | 166,402 |
China |  |  | 136,514 |  |  |  | 50,945 |  |  |  | 66,082 |
Total, excluding gains/losses on forward contracts |  | $ | 724,255 |  |  | $ | 808,016 |  |  | $ | 708,253 |
Sales by significant product type for the years ended December 31, 2022, 2021 and 2020 were as follows (in thousands):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Doré and metals from doré |  | $ | 255,608 |  |  | $ | 313,337 |  |  | $ | 266,536 |
Carbon |  |  | 2,607 |  |  |  | 4,117 |  |  |  | 60,302 |
Silver concentrate |  |  | 329,165 |  |  |  | 345,732 |  |  |  | 281,050 |
Zinc concentrate |  |  | 109,177 |  |  |  | 112,448 |  |  |  | 76,481 |
Precious metals concentrate |  |  | 27,698 |  |  |  | 32,382 |  |  |  | 23,884 |
Total, excluding gains/losses on forward contracts |  | $ | 724,255 |  |  | $ | 808,016 |  |  | $ | 708,253 |
Schedule of Sales from Continuing Operations to Significant Metals Customers | Sales from continuing operations to significant metals customers as a percentage of total sales were as follows for the years ended December 31, 2022, 2021 and 2020:
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Customer A |  |  | 35.4 | % |  |  | 37.2 | % |  |  | 32.7 | %
Customer B |  |  | 23.9 | % |  |  | 21.5 | % |  |  | 16.1 | %
Customer C |  |  | 11.3 | % |  |  | 21.6 | % |  |  | 13.3 | %
Customer D |  |  | 3.5 | % |  |  | 6.2 | % |  |  | 13.9 | %

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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