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OPERATING SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2020

OPERATING SEGMENT REPORTING

Schedule of the financial information relating to the Company's segments

Three months ended September 30, 2020

USA

Canada

Mexico

MSC

Los Azules

Total

Revenue from gold and silver sales

$

13,042

$

10,352

$

4,001

$

—

$

—

$

27,395

Production costs applicable to sales

(10,791)

(8,874)

(3,861)

—

—

(23,526)

Depreciation and depletion

(2,099)

(2,404)

(67)

—

—

(4,570)

Gross profit (loss)

152

(926)

73

—

—

(701)

Advanced projects

(240)

(2,784)

(1,003)

—

—

(4,027)

Exploration

(2,395)

(1,189)

(427)

—

(412)

(4,423)

Income from investment in Minera Santa Cruz S.A.

—

—

—

2,582

—

2,582

Segment (loss) income

$

(2,483)

$

(4,899)

$

(1,357)

$

2,582

$

(412)

$

(6,569)

General and Administrative and other

(3,361)

Loss before income and mining taxes

$

(9,930)

Capital expenditures

$

106

488

—

—

—

$

594

Nine months ended September 30, 2020

USA

Canada

Mexico

MSC

Los Azules

Total

Revenue from gold and silver sales

$

38,129

$

27,257

$

11,700

$

—

$

—

$

77,086

Production costs applicable to sales

(38,863)

(24,231)

(11,173)

—

$

—

(74,267)

Depreciation and depletion

(8,527)

(7,336)

(217)

—

$

—

(16,080)

Gross (loss) profit

(9,261)

(4,310)

310

—

—

(13,261)

Advanced projects

(789)

(5,609)

(3,066)

—

$

—

(9,464)

Exploration

(5,235)

(4,434)

(463)

—

$

(1,629)

(11,761)

Impairment of mineral property interests and plant and equipment (note 9)

(83,805)

—

—

—

$

—

(83,805)

Loss from investment in Minera Santa Cruz S.A.

—

—

—

(1,139)

$

—

(1,139)

Other operating

(1,390)

(578)

—

—

—

(1,968)

Segment loss

$

(100,480)

$

(14,931)

$

(3,219)

$

(1,139)

$

(1,629)

$

(121,398)

General and Administrative and other

(8,661)

Loss before income and mining taxes

$

(130,059)

Capital expenditures

$

4,712

$

4,428

$

—

$

—

$

—

$

9,140


Three months ended September 30, 2019		USA			Canada			Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	16,577		$	11,147		$	4,967		$	—		$	—		$	32,691
Production costs applicable to sales			(12,156)			(7,550)			(3,878)			—			—			(23,584)
Depreciation and depletion			(3,790)			(3,589)			(109)			—			—			(7,488)
Gross profit			631			8			980			—			—			1,619

Advanced projects			(46)			(384)			(1,710)			—			—			(2,140)
Exploration			(4,253)			(8,691)			(2)			—			(749)			(13,695)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(328)			—			(328)
Segment loss		$	(3,668)		$	(9,067)		$	(732)		$	(328)		$	(749)		$	(14,544)
General and Administrative and other																		887
Loss before income and mining taxes																	$	(13,657)

Capital expenditures		$	1,190		$	2,500		$	—		$	—		$	—		$	3,690


Nine months ended September 30, 2019		USA			Canada			Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	28,941		$	36,139		$	19,577		$	—		$	—		$	84,657
Production costs applicable to sales			(20,798)			(24,025)			(14,609)			—			—			(59,432)
Depreciation and depletion			(6,510)			(10,520)			(471)			—			—			(17,501)
Gross profit			1,633			1,594			4,497			—			—			7,724

Advanced projects			(632)			(384)			(5,865)			—			—			(6,881)
Exploration			(6,155)			(15,174)			(2)			—			(2,386)			(23,717)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(6,775)			—			(6,775)
Segment loss		$	(5,154)		$	(13,964)		$	(1,370)		$	(6,775)		$	(2,386)		$	(29,649)
General and Administrative and other																		(7,541)
Loss before income and mining taxes																	$	(37,190)

Capital expenditures		$	17,804		$	10,375		$	—		$	—		$	—		$	28,179

Schedule Of Geographic information

Geographic information

Geographic information includes the long-lived assets balance and revenues presented for the Company’s operating segments, as follows:


		Long-lived Assets						Revenue ⁽¹⁾
		September 30,			December 31,			Three months ended September 30,						Nine months ended September 30,
		2020			2019			2020			2019			2020			2019
USA		$	49,299		$	135,854		$	13,042		$	16,577		$	38,129		$	28,941
Canada			78,161			77,147			10,352			11,147			27,257			36,139
Mexico			20,051			23,551			4,001			4,967			11,700			19,577
Argentina ⁽²⁾			300,252			302,598			—			—			—			—
Total consolidated ⁽³⁾		$	447,763		$	539,150		$	27,395		$	32,691		$	77,086		$	84,657

(1)	Presented based on the location from which the product originated.

(2)	Includes Investment in MSC of $108.8 million as of September 30, 2020 (December 31, 2019 – $110.2 million).

(3)	Total excludes $0.9 million related to the Company's office lease asset as the business activities related to corporate are not considered to be a part of the operating segments.