Segment Information

9 Months Ended

Sep. 30, 2013

Segment Information

Segment Information

19. 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 September 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	$	500	$	517	$	866	$	4,635	$	3,232			$	102
Corporate, Exploration & Other	—		—		217		2,586		3,083				1
	$	500	$	517	$	1,083	$	7,221	$	6,315			$	103
Nine Months Ended September 30, 2013
Velardeña Mine	$	10,797	$	17,534	$	5,425	$	7,900	$	269,106	$	36,607	$	1,441
Corporate, Exploration & Other	—		—		755		10,208		8,769		30,474		30
	$	10,797	$	17,534	$	6,180	$	18,108	$	277,875	$	67,081	$	1,471
Three Months Ended September 30, 2012
Velardeña Mine	$	7,063	$	8,573	$	2,516	$	767	$	61,167			$	5,115
Corporate, Exploration & Other	—		—		258		4,126		4,763				86
	$	7,063	$	8,573	$	2,774	$	4,893	$	65,930			$	5,201
Nine Months Ended September 30, 2012
Velardeña Mine	$	18,384	$	23,103	$	5,631	$	6,291	$	71,086	$	299,070	$	7,218
Corporate, Exploration & Other	—		—		986		14,780		15,575		60,657		87
	$	18,384	$	23,103	$	6,617	$	21,071	$	86,661	$	359,727	$	7,305