XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.21.1

OPERATING SEGMENT REPORTING (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
OPERATING SEGMENT REPORTING |
Schedule of significant information relating to reportable operating segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended March 31, 2021 |  | USA |  | ​ | Canada | ​ | Mexico | ​ | MSC |  | Los Azules |  | Total
Revenue from gold and silver sales | ​ | $ | 12,893 | ​ | $ | 8,561 | ​ | $ | 2,286 | ​ | $ | — | ​ | $ | — | ​ | $ | 23,740
Production costs applicable to sales | ​ | ​ | (13,557) | ​ | ​ | (6,656) | ​ | ​ | (3,376) | ​ | ​ | — | ​ | $ | — | ​ |  | (23,589)
Depreciation and depletion | ​ | ​ | (1,741) | ​ | ​ | (3,395) | ​ | ​ | (1) | ​ | ​ | — | ​ | $ | — | ​ | ​ | (5,137)
Gross (loss) | ​ | ​ | (2,405) | ​ | ​ | (1,490) | ​ | ​ | (1,091) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4,986)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Advanced projects | ​ | ​ | (84) | ​ | ​ | (623) | ​ | ​ | (1,092) | ​ | ​ | — | ​ | $ | — | ​ |  | (1,799)
Exploration | ​ | ​ | (864) | ​ | ​ | (3,434) | ​ | ​ | (8) | ​ | ​ | — | ​ | $ | (650) | ​ |  | (4,956)
Impairment of mineral property interests and plant and equipment (Note 8) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | $ | — | ​ | ​ | —
Loss from investment in Minera Santa Cruz S.A. | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (574) | ​ | $ | — | ​ |  | (574)
Segment loss | ​ | $ | (3,353) | ​ | $ | (5,547) | ​ | $ | (2,191) | ​ | $ | (574) | ​ | $ | (650) | ​ | $ | (12,315)
General and Administrative and other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (2,166)
Loss before income and mining taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (14,481)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 757 | ​ | $ | 9,567 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 10,324
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended March 31, 2020 |  | USA |  | Canada |  | Mexico |  | MSC |  | Los Azules |  | Total
Revenue from gold and silver sales | ​ | $ | 14,317 | ​ | $ | 12,739 | ​ | $ | 4,344 | ​ | $ | — | ​ | $ | — | ​ | $ | 31,400
Production costs applicable to sales | ​ | ​ | (17,032) | ​ | ​ | (7,207) | ​ | ​ | (4,148) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (28,387)
Depreciation and depletion | ​ | ​ | (3,862) | ​ | ​ | (2,748) | ​ | ​ | (88) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (6,698)
Gross (loss) profit | ​ | ​ | (6,577) | ​ | ​ | 2,784 | ​ | ​ | 108 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3,685)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Advanced projects | ​ | ​ | (366) | ​ | ​ | (1,066) | ​ | ​ | (1,118) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,550)
Exploration | ​ | ​ | (809) | ​ | ​ | (2,405) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (576) | ​ | ​ | (3,790)
Impairment of mineral property interests and plant and equipment (Note 8) | ​ | ​ | (83,805) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (83,805)
Loss from investment in Minera Santa Cruz S.A. | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,676) | ​ | ​ | — | ​ | ​ | (2,676)
Segment loss | ​ | $ | (91,557) | ​ | $ | (687) | ​ | $ | (1,010) | ​ | $ | (2,676) | ​ | $ | (576) | ​ | $ | (96,506)
General and Administrative and other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (3,779)
Loss before income and mining taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (100,285)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 1,807 | ​ | $ | 3,729 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 5,536
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)
​ | ​ | March 31, | ​ | December 31, | ​ | Three months ended March 31,
​ |  | 2021 |  | 2020 |  | 2021 | ​ | 2020
USA | ​ | $ | 46,280 | ​ | $ | 46,801 | ​ | $ | 12,893 | ​ | $ | 14,317
Canada | ​ | ​ | 85,811 | ​ | ​ | 78,986 | ​ | ​ | 8,561 | ​ | ​ | 12,739
Mexico | ​ | ​ | 20,018 | ​ | ​ | 20,021 | ​ | ​ | 2,286 | ​ | ​ | 4,344
Argentina (2) | ​ | ​ | 294,259 | ​ | ​ | 299,816 | ​ | ​ | — | ​ | ​ | —
Total consolidated (3) | ​ | $ | 446,368 | ​ | $ | 445,624 | ​ | $ | 23,740 | ​ | $ | 31,400
(1) | Presented based on the location from which the product originated.
(2) | Includes Investment in MSC of $102.8 million as of March 31, 2021 (December 31, 2020 – $108.3 million).
(3) | Total excludes $0.8 million related to the Company's ROU office lease asset as the business activities related to corporate are not considered to be a part of the operating segments.

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration