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OPERATING SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2021

OPERATING SEGMENT REPORTING

Schedule of significant information relating to reportable operating segments

Three months ended June 30, 2021

USA

Canada

Mexico

MSC

Los Azules

Total

Revenue from gold and silver sales

$

26,343

$

12,178

$

2,185

$

—

$

—

$

40,706

Production costs applicable to sales

(21,067)

(6,331)

(3,734)

—

—

(31,132)

Depreciation and depletion

(2,326)

(3,189)

—

—

—

(5,515)

Gross profit (loss)

2,950

2,658

(1,549)

—

—

4,059

Advanced projects

116

(564)

(375)

—

—

(823)

Exploration

(1,591)

(4,281)

(10)

—

(1,034)

(6,916)

Income from investment in Minera Santa Cruz S.A.

—

—

—

(1,853)

—

(1,853)

Other operating

—

—

—

—

—

—

Segment (loss) income

$

1,475

$

(2,187)

$

(1,934)

$

(1,853)

$

(1,034)

$

(5,533)

General and Administrative and other

(1,478)

Loss before income and mining taxes

$

(7,011)

Capital expenditures

$

353

10,775

—

—

—

$

11,128


Six months ended June 30, 2021		USA				Canada		Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	39,236		$	20,739		$	4,471		$	—		$	—		$	64,446
Production costs applicable to sales			(34,623)			(12,987)			(7,111)			—		$	—			(54,721)
Depreciation and depletion			(4,068)			(6,584)			—			—		$	—			(10,652)
Gross profit (loss)			545			1,168			(2,640)			—			—			(927)

Advanced projects			32			(1,188)			(1,466)			—		$	—			(2,622)
Exploration			(2,455)			(7,716)			(17)			—		$	(1,684)			(11,872)
Impairment of mineral property interests and plant and equipment (Note 8)			—			—			—			—		$	—			—
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(2,427)		$	—			(2,427)
Other operating			—			—			—			—			—			—
Segment loss		$	(1,878)		$	(7,736)		$	(4,123)		$	(2,427)		$	(1,684)		$	(17,848)
General and Administrative and other																		(3,644)
Loss before income and mining taxes																	$	(21,492)

Capital expenditures		$	1,110		$	20,342		$	—		$	—		$	—		$	21,452


Three months ended June 30, 2020		USA			Canada			Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	10,770		$	4,166		$	3,355		$	—		$	—		$	18,291
Production costs applicable to sales			(11,039)			(8,150)			(3,165)			—			—			(22,354)
Depreciation and depletion			(2,565)			(2,184)			(63)			—			—			(4,812)
Gross (loss) profit			(2,834)			(6,168)			127			—			—			(8,875)

Advanced projects			(183)			(1,760)			(944)			—			—			(2,887)
Exploration			(2,031)			(840)			(36)			—			(641)			(3,548)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(1,045)			—			(1,045)
Other operating			(1,390)			(578)			—			—			—			(1,968)
Segment loss		$	(6,438)		$	(9,346)		$	(853)		$	(1,045)		$	(641)		$	(18,323)
General and Administrative and other																		(1,521)
Loss before income and mining taxes																	$	(19,844)

Capital expenditures		$	2,799		$	211		$	—		$	—		$	—		$	3,010


Six months ended June 30, 2020		USA			Canada			Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	25,088		$	16,905		$	7,698		$	—		$	—		$	49,691
Production costs applicable to sales			(28,071)			(15,357)			(7,313)			—			—			(50,741)
Depreciation and depletion			(6,428)			(4,932)			(150)			—			—			(11,510)
Gross (loss) profit			(9,411)			(3,384)			235			—			—			(12,560)

Advanced projects			(548)			(2,826)			(2,063)			—			—			(5,437)
Exploration			(2,840)			(3,245)			(36)			—			(1,217)			(7,338)
Impairment of mineral property interests and plant and equipment (Note 8)			(83,805)			—			—			—			—			(83,805)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(3,721)			—			(3,721)
Other operating			(1,390)			(578)			—			—			—			(1,968)
Segment loss		$	(97,994)		$	(10,033)		$	(1,864)		$	(3,721)		$	(1,217)		$	(114,829)
General and Administrative and other																		(5,300)
Loss before income and mining taxes																	$	(120,129)

Capital expenditures		$	4,606		$	3,940		$	—		$	—		$	—		$	8,546

Schedule of geographic information

Geographic Information

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


		Long-lived Assets					Revenue ⁽¹⁾						Revenue ⁽¹⁾
		June 30,			December 31,		Three months ended June 30,						Six months ended June 30,
		2021			2020		2021			2020			2021			2020
USA		$	42,435		$	46,801	$	26,343		$	10,770		$	39,236		$	25,088
Canada			93,039			78,986		12,178			4,166			20,739			16,905
Mexico			20,361			20,021		2,185			3,355			4,471			7,698
Argentina ⁽²⁾			289,828			299,816		—			—			—			—
Total consolidated		$	445,663		$	445,624	$	40,706		$	18,291		$	64,446		$	49,691

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

(2)	Includes Investment in MSC of $98.3 million as of June 30, 2021 (December 31, 2020 – $108.3 million).