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SEGMENTED INFORMATION
 9 Months Ended
Sep. 30, 2024
SEGMENTED INFORMATION

18. SEGMENTED INFORMATION

 

The Company reviews its segment reporting to ensure it reflects the operational structure of the Company and enables the Company's Chief Operating Decision Maker (the Company’s CEO) to review operating segment performance. We have determined there is a single reportable operating segment as of September 30, 2024.

 

The Company’s revenues for the nine months ended September 30, 2024 of $41,796 (September 30, 2023 - $31,359) are all attributable to Mexico, from shipments of concentrate.

 

On the condensed consolidated interim statements of operations, the Company had revenue from the following product mixes:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Silver

 

$6,462

 

 

$4,280

 

 

$18,246

 

 

$11,610

 

Copper

 

 

6,497

 

 

 

5,907

 

 

 

18,329

 

 

 

14,658

 

Gold

 

 

3,359

 

 

 

3,669

 

 

 

9,894

 

 

 

9,516

 

Penalties, treatment costs and refining charges

 

 

(1,702)

 

 

(1,540)

 

 

(4,673)

 

 

(4,425)

Total revenue from mining operations

 

$14,616

 

 

$12,316

 

 

$41,796

 

 

$31,359

 

For the three and nine months ended September 30, 2024 and 2023, the Company had the following customers that accounted for total revenues as follows:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2024

 

 

2023

 

 

               2024

 

 

2023

 

Customer #1

 

$14,117

 

 

$9,101

 

 

$35,404

 

 

$26,209

 

Customer #2

 

 

487

 

 

 

3,220

 

 

 

5,930

 

 

 

5,246

 

Other customers

 

 

12

 

 

 

(5)

 

 

462

 

 

 

(96)

Total revenue from mining operations

 

$14,616

 

 

$12,316

 

 

$41,796

 

 

$31,359

 

 

Geographical information relating to the Company’s non-current assets (other than financial instruments) is as follows:

 

 

 

 September 30,

2024

 

 

December 31,

2023

 

Exploration and evaluation assets - Mexico

 

$52,713

 

 

$50,110

 

Exploration and evaluation assets - Canada

 

 

1

 

 

 

1

 

Total exploration and evaluation assets

 

$52,714

 

 

$50,111

 

 

 

 

September 30,

2024

 

 

December 31,

2023

 

Plant, equipment, and mining properties - Mexico

 

$53,162

 

 

$52,891

 

Plant, equipment, and mining properties - Canada

 

 

454

 

 

 

178

 

Total plant, equipment, and mining properties

 

$53,616

 

 

$53,069