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v3.22.2.2

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting |
Schedule of financial information relating to the Company segments | The following table shows selected information from the Consolidated Balance Sheets relating to the Company’s segments (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Oaxaca, Mexico | ​ | Michigan, USA | ​ | Corporate and Other | ​ | Consolidated
As of September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total current assets | ​ | $ | 41,848 | ​ | $ | 3,911 | ​ | $ | 2,570 | ​ | $ | 48,329
Total non-current assets | ​ | ​ | 59,908 | ​ | ​ | 89,347 | ​ | ​ | 1,954 | ​ | ​ | 151,209
Total assets | ​ | $ | 101,756 | ​ | $ | 93,258 | ​ | $ | 4,524 | ​ | $ | 199,538
Total current liabilities | ​ | ​ | 15,893 | ​ | ​ | 2,636 | ​ | ​ | 937 | ​ | ​ | 19,466
Total non-current liabilities | ​ | ​ | 2 | ​ | ​ | 62,706 | ​ | ​ | 1,720 | ​ | ​ | 64,428
Total shareholders' equity | ​ | ​ | 85,861 | ​ | ​ | 27,916 | ​ | ​ | 1,867 | ​ | ​ | 115,644
Total liabilities and shareholders' equity | ​ | $ | 101,756 | ​ | $ | 93,258 | ​ | $ | 4,524 | ​ | $ | 199,538
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total current assets | ​ | $ | 50,057 | ​ | $ | 5,528 | ​ | $ | 3,330 | ​ | $ | 58,915
Total non-current assets | ​ | ​ | 66,756 | ​ | ​ | 90,018 | ​ | ​ | 73 | ​ | ​ | 156,847
Total assets | ​ | $ | 116,813 | ​ | $ | 95,546 | ​ | $ | 3,403 | ​ | $ | 215,762
Total current liabilities | ​ | ​ | 25,833 | ​ | ​ | 2,459 | ​ | ​ | 1,367 | ​ | ​ | 29,659
Total non-current liabilities | ​ | ​ | 1,436 | ​ | ​ | 63,438 | ​ | ​ | 479 | ​ | ​ | 65,353
Total shareholders' equity | ​ | ​ | 89,544 | ​ | ​ | 29,649 | ​ | ​ | 1,557 | ​ | ​ | 120,750
Total liabilities and shareholders' equity | ​ | $ | 116,813 | ​ | $ | 95,546 | ​ | $ | 3,403 | ​ | $ | 215,762
Schedule of asset balances, excluding investments and intercompany | The following table shows selected information from the Consolidated Statements of Operations relating to the Company’s segments (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Oaxaca, Mexico | ​ | Michigan, USA (1) | ​ | Corporate and Other | ​ | Consolidated
For the three months ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales, net | ​ | $ | 23,869 | ​ | $ | - | ​ | $ | - | ​ | $ | 23,869
Total mine cost of sales, including depreciation | ​ | ​ | 26,016 | ​ | ​ | 21 | ​ | ​ | 10 | ​ | ​ | 26,047
Exploration expense | ​ | ​ | 1,143 | ​ | ​ | 3,830 | ​ | ​ | - | ​ | ​ | 4,973
Total other costs and expenses, including G&A | ​ | ​ | (105) | ​ | ​ | 349 | ​ | ​ | 2,552 | ​ | ​ | 2,796
Provision for income taxes | ​ | ​ | (1,235) | ​ | ​ | - | ​ | ​ | 1,018 | ​ | ​ | (217)
Net loss | ​ | $ | (1,950) | ​ | $ | (4,200) | ​ | $ | (3,580) | ​ | $ | (9,730)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the three months ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales, net | ​ | $ | 29,029 | ​ | $ | - | ​ | $ | - | ​ | $ | 29,029
Total mine cost of sales, including depreciation | ​ | ​ | 20,784 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 20,784
Exploration expense | ​ | ​ | 1,802 | ​ | ​ | - | ​ | ​ | 3 | ​ | ​ | 1,805
Total other costs and expenses, including G&A | ​ | ​ | 122 | ​ | ​ | - | ​ | ​ | 2,437 | ​ | ​ | 2,559
Provision for income taxes | ​ | ​ | 2,089 | ​ | ​ | - | ​ | ​ | 263 | ​ | ​ | 2,352
Net income (loss) | ​ | $ | 4,232 | ​ | $ | - | ​ | $ | (2,703) | ​ | $ | 1,529
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| (1) | Michigan, USA was acquired on December 10, 2021, and therefore, there is no information for the three months ended September 30, 2021.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Oaxaca, Mexico | ​ | Michigan, USA (1) | ​ | Corporate and Other | ​ | Consolidated
For the nine months ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales, net | ​ | $ | 106,350 | ​ | $ | - | ​ | $ | - | ​ | $ | 106,350
Total mine cost of sales, including depreciation | ​ | ​ | 81,105 | ​ | ​ | 54 | ​ | ​ | 27 | ​ | ​ | 81,186
Exploration expense | ​ | ​ | 3,190 | ​ | ​ | 6,925 | ​ | ​ | - | ​ | ​ | 10,115
Total other costs and expenses, including G&A | ​ | ​ | 1,019 | ​ | ​ | 787 | ​ | ​ | 7,366 | ​ | ​ | 9,172
Provision for income taxes | ​ | ​ | 7,634 | ​ | ​ | - | ​ | ​ | 1,281 | ​ | ​ | 8,915
Net income (loss) | ​ | $ | 13,402 | ​ | $ | (7,766) | ​ | $ | (8,674) | ​ | $ | (3,038)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the nine months ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales, net | ​ | $ | 87,133 | ​ | $ | - | ​ | $ | - | ​ | $ | 87,133
Total mine cost of sales, including depreciation | ​ | ​ | 63,433 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 63,433
Exploration expense | ​ | ​ | 3,642 | ​ | ​ | - | ​ | ​ | 18 | ​ | ​ | 3,660
Total other costs and expenses, including G&A | ​ | ​ | 655 | ​ | ​ | - | ​ | ​ | 7,349 | ​ | ​ | 8,004
Provision for income taxes | ​ | ​ | 6,434 | ​ | ​ | - | ​ | ​ | 263 | ​ | ​ | 6,697
Net income (loss) | ​ | $ | 12,969 | ​ | $ | - | ​ | $ | (7,630) | ​ | $ | 5,339
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| (1) | Michigan, USA was acquired on December 10, 2021, and therefore, there is no information for the nine months ended September 30, 2021.

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- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
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