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OPERATING SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2022

OPERATING SEGMENT REPORTING

Schedule of significant information relating to reportable operating segments

Three months ended March 31, 2022

USA

Canada

Mexico

MSC

Los Azules

Total

Revenue from gold and silver sales

$

11,742

$

12,896

$

904

$

—

$

—

$

25,542

Production costs applicable to sales

(14,172)

(8,647)

(5,005)

—

—

(27,824)

Depreciation and depletion

(818)

(2,894)

—

—

—

(3,712)

Gross profit (loss)

(3,248)

1,355

(4,101)

—

—

(5,994)

Advanced projects

(45)

(91)

(1,243)

—

(9,756)

(11,135)

Exploration

(1,449)

(1,700)

(1)

—

(60)

(3,210)

Loss from investment in Minera Santa Cruz S.A.

—

—

—

(1,120)

—

(1,120)

Segment loss

$

(4,742)

$

(436)

$

(5,345)

$

(1,120)

$

(9,816)

$

(21,459)

General and administrative and other

(419)

Loss before income and mining taxes

$

(21,878)

Capital expenditures

$

277

$

3,546

$

—

$

—

$

234

$

4,057


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)
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

Schedule of geographic information


		Long-lived Assets						Revenue ⁽¹⁾
		March 31,			December 31,			Three months ended March 31,
		2022			2021			2022			2021
USA		$	35,865		$	37,877		$	11,742		$	12,893
Canada			96,448			93,294			12,896			8,561
Mexico			26,558			26,561			904			2,286
Argentina ⁽²⁾			281,607			282,583			—			—
Total consolidated ⁽³⁾		$	440,478		$	440,315		$	25,542		$	23,740

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

(2)	Includes Investment in MSC of $89.8 million as of March 31, 2022 (December 31, 2021 – $90.9 million).

(3)	Total excludes $0.4 million related to the Company's Right of use office lease asset as the business activities related to corporate are not considered to be a part of the operating segments.