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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2022

Total current assets

$

38,032

$

272

$

7,795

$

46,099

Total non-current assets

63,342

92,927

1,803

158,072

Total assets

$

101,374

$

93,199

$

9,598

$

204,171

Total current liabilities

$

20,035

$

3,352

$

1,295

$

24,682

Total non-current liabilities

5,533

60,648

1,544

67,725

Total shareholders' equity

75,806

29,199

6,759

111,764

Total liabilities and shareholders' equity

$

101,374

$

93,199

$

9,598

$

204,171

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 year ended December 31, 2022

Sales, net

$

138,724

$

-

$

-

$

138,724

Total mine cost of sales, including depreciation

108,863

75

38

108,976

Exploration expense

4,244

8,805

-

13,049

Total other costs and expenses, including G&A

2,741

1,415

10,305

14,461

Provision for income taxes

8,061

(1,123)

1,621

8,559

Net income (loss)

$

14,815

$

(9,172)

$

(11,964)

$

(6,321)

For the year ended December 31, 2021

Sales, net

$

125,196

$

-

$

-

$

125,196

Total mine cost of sales, including depreciation

88,449

-

-

88,449

Exploration expense

4,813

55

18

4,886

Total other costs and expenses, including G&A

3,995

1,167

9,056

14,218

Provision for income taxes

8,518

305

792

9,615

Net income (loss)

$

19,421

$

(1,527)

$

(9,866)

$

8,028

(1)Michigan, USA was acquired on December 10, 2021.