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v3.25.1

Note 2 - Business Segments and Sales of Products (Tables) | 3 Months Ended
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Mar. 31, 2025
Table Text Block [Abstract] |
Schedule of Information About Reportable Segments | The tables below present information about our reportable segments for the three months ended March 31, 2025 and 2024 (in thousands):
Three months ended March 31, 2025 | Greens Creek |  | Lucky Friday |  | Keno Hill |  | Casa Berardi |  | Other |  | Total |
Metal sales | $ | 118,143 |  | $ | 63,194 |  | $ | 16,909 |  | $ | 56,005 |  | $ | — |  | $ | 254,251 |
Environmental remediation services |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,088 |  |  | 7,088 |
Intersegment sales |  | — |  |  | — |  |  | 986 |  |  | — |  |  | — |  |  | 986 |
Reconciliation of sales |  | 118,143 |  |  | 63,194 |  |  | 17,895 |  |  | 56,005 |  |  | 7,088 |  |  | 262,325 |
Elimination of intersegment sales |  | — |  |  | — |  |  | (986 | ) |  | — |  |  | — |  |  | (986 | )
Total consolidated sales |  |  |  |  |  |  |  |  |  |  |  | 261,339 |
Cost of sales and other direct production costs |  |  |  |  |  |  |  |  |  |  |  |
Salaries, wages and other benefits |  | 18,253 |  |  | 14,776 |  |  | 6,472 |  |  | 13,190 |  |  | 58 |  |  | 52,749 |
Contractors |  | 905 |  |  | 3,863 |  |  | 3,551 |  |  | 10,665 |  |  | 6,931 |  |  | 25,915 |
Materials and consumables |  | 25,665 |  |  | 11,423 |  |  | 5,994 |  |  | 14,571 |  |  | 106 |  |  | 57,759 |
Product inventory change |  | 901 |  |  | 1,182 |  |  | (7,962 | ) |  | (3,261 | ) |  | — |  |  | (9,140 | )
Other direct production costs |  | 10,325 |  |  | (620 | ) |  | 5,014 |  |  | 6,948 |  |  | — |  |  | 21,667 |
Depreciation, depletion and amortization |  | 13,589 |  |  | 13,425 |  |  | 2,802 |  |  | 8,569 |  |  | — |  |  | 38,385 |
Gross profit (loss) | $ | 48,505 |  | $ | 19,145 |  | $ | 1,038 |  | $ | 5,323 |  | $ | (7 | ) | $ | 74,004 |
Other operating expenses (a) |  |  |  |  |  |  |  |  |  |  |  | 21,649 |
Income from operations |  |  |  |  |  |  |  |  |  |  |  | 52,355 |
Other Expense: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (11,551 | )
Fair value adjustments, net |  |  |  |  |  |  |  |  |  |  |  | 3,627 |
Foreign exchange loss, net |  |  |  |  |  |  |  |  |  |  |  | (356 | )
Other income |  |  |  |  |  |  |  |  |  |  |  | 942 |
Income before income and mining taxes |  |  |  |  |  |  |  |  |  |  | $ | 45,017 |
Capital additions | $ | 10,759 |  | $ | 15,446 |  | $ | 10,436 |  | $ | 16,257 |  | $ | 1,197 |  | $ | 54,095 |
(a) Other operating expense items include general and administrative, exploration and pre-development, provision for closed operations and environmental matters, ramp-up and suspension costs and other operating (income) expense, net.
Three months ended March 31, 2024 | Greens Creek |  | Lucky Friday |  | Keno Hill |  | Casa Berardi |  | Other |  | Total |
Metal sales | $ | 97,310 |  | $ | 35,340 |  | $ | 10,846 |  | $ | 41,585 |  | $ | — |  | $ | 185,081 |
Environmental remediation services |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,447 |  |  | 4,447 |
Intersegment sales |  | — |  |  | — |  |  | 321 |  |  | — |  |  | — |  |  | 321 |
Reconciliation of sales |  | 97,310 |  |  | 35,340 |  |  | 11,167 |  |  | 41,585 |  |  | 4,447 |  |  | 189,849 |
Elimination of intersegment sales |  | — |  |  | — |  |  | (321 | ) |  | — |  |  | — |  |  | (321 | )
Total consolidated sales |  |  |  |  |  |  |  |  |  |  |  | 189,528 |
Cost of sales and other direct production costs |  |  |  |  |  |  |  |  |  |  |  |
Salaries, wages and employee benefits |  | 17,307 |  |  | 11,582 |  |  | 6,736 |  |  | 12,744 |  |  | 67 |  |  | 48,436 |
Contractors |  | 1,649 |  |  | 2,803 |  |  | 4,738 |  |  | 5,223 |  |  | 3,589 |  |  | 18,002 |
Materials and consumables |  | 26,453 |  |  | 10,168 |  |  | 7,586 |  |  | 12,827 |  |  | 185 |  |  | 57,219 |
Product inventory change |  | (2,196 | ) |  | (2,101 | ) |  | (5,760 | ) |  | (1,739 | ) |  | — |  |  | (11,796 | )
Other direct production costs |  | 12,201 |  |  | (645 | ) |  | 2,616 |  |  | 6,255 |  |  | 44 |  |  | 20,471 |
Transfer to ramp-up and suspension costs(a) |  | — |  |  | (2,200 | ) |  | (8,671 | ) |  | — |  |  | — |  |  | (10,871 | )
Depreciation, depletion and amortization |  | 14,443 |  |  | 7,912 |  |  | 3,601 |  |  | 22,951 |  |  | — |  |  | 48,907 |
Gross profit (loss) | $ | 27,453 |  | $ | 7,821 |  | $ | — |  | $ | (16,676 | ) | $ | 562 |  | $ | 19,160 |
Other operating expenses (b) |  |  |  |  |  |  |  |  |  |  |  | 14,096 |
Income from operations |  |  |  |  |  |  |  |  |  |  |  | 5,064 |
Other Expense: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (12,644 | )
Fair value adjustments, net |  |  |  |  |  |  |  |  |  |  |  | (1,852 | )
Foreign exchange gain, net |  |  |  |  |  |  |  |  |  |  |  | 3,982 |
Other income |  |  |  |  |  |  |  |  |  |  |  | 1,512 |
Loss before income and mining taxes |  |  |  |  |  |  |  |  |  |  | $ | (3,938 | )
Capital additions | $ | 8,827 |  | $ | 14,988 |  | $ | 10,346 |  | $ | 13,316 |  | $ | 112 |  | $ | 47,589 |
(a) Total cost of sales in excess of sales value are transferred to ramp-up and suspension costs. (b) Other operating expense items include general and administrative, exploration and pre-development, ramp-up and suspension costs, provision for closed operations and environmental matters, and other operating (income) expense, net. The following table presents total assets by reportable segment as of March 31, 2025 and December 31, 2024 (in thousands):
|  | March 31, 2025 |  |  | December 31, 2024 |
Total assets: |  |  |  |  |  |
Greens Creek |  | $ | 576,744 |  |  | $ | 564,334 |
Lucky Friday |  |  | 598,453 |  |  |  | 587,945 |
Keno Hill |  |  | 429,660 |  |  |  | 413,982 |
Casa Berardi |  |  | 695,463 |  |  |  | 687,080 |
Other |  |  | 723,237 |  |  |  | 727,719 |
|  | $ | 3,023,557 |  |  | $ | 2,981,060 |
Schedule of Sales of Products by Metal | Sales by metal f or the three months ended March 31, 2025 and 2024 were as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Silver |  | $ | 118,153 |  |  | $ | 86,233 |
Gold |  |  | 87,188 |  |  |  | 67,415 |
Lead |  |  | 22,106 |  |  |  | 19,483 |
Zinc |  |  | 33,125 |  |  |  | 24,964 |
Copper |  |  | 391 |  |  |  | — |
Less: Smelter and refining charges |  |  | (6,712 | ) |  |  | (13,014 | )
Total metal sales |  |  | 254,251 |  |  |  | 185,081 |
Environmental remediation services |  |  | 7,088 |  |  |  | 4,447 |
Total sales |  | $ | 261,339 |  |  | $ | 189,528 |

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