Segment Information

6 Months Ended

Jun. 30, 2013

Segment Information

Segment Information

20.   Segment Information

The Company’s activities are the exploration, development and mining of mineral properties containing precious metals.  The Company’s reportable segments are based upon the Company’s revenue producing activities and cash consuming activities. The Company reports two segments, one for its producing Velardeña mine in Mexico and the other comprised of non-producing activities including exploration, development and general and administrative activities.  Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance.

The financial information relating to the Company’s segments is as follows:

Three Months Ended June 30, 2013	Revenue		Costs Applicable to Sales		Depreciation, Depletion and Amortization		Exploration, El Quevar, Velardeña and Administrative Expense		Pre-Tax loss		Total Assets		Capital Expenditures
Velardeña Mine	$	4,467	$	8,145	$	2,222	$	1,103	$	259,160			$	757
Corporate, Exploration & Other	—		—		307		3,114		3,662				29
	$	4,467	$	8,145	$	2,529	$	4,217	$	262,822			$	786
Six Months Ended June 30, 2013
Velardeña Mine	$	10,297	$	17,017	$	4,559	$	3,265	$	265,874	$	42,724	$	1,638
Corporate, Exploration & Other	—		—		538		7,622		5,686		34,172		29
	$	10,297	$	17,017	$	5,097	$	10,887	$	271,560	$	76,896	$	1,667
Three Months Ended June 30, 2012
Velardeña Mine	$	4,968	$	6,603	$	1,637	$	2,142	$	5,657			$	2,289
Corporate, Exploration & Other	—		—		360		4,818		3,172				—
	$	4,968	$	6,603	$	1,997	$	6,960	$	8,829			$	2,289
Six Months Ended June 30, 2012
Velardeña Mine	$	11,321	$	14,530	$	3,115	$	5,524	$	9,919	$	357,962	$	5,103
Corporate, Exploration & Other	—		—		728		10,654		10,812		31,205		1
	$	11,321	$	14,530	$	3,843	$	16,178	$	20,731	$	389,167	$	5,104