Segment Information

6 Months Ended

Jun. 30, 2014

Segment Information

Segment Information

17.   Segment Information

The Company’s sole activity is the mining, construction and exploration 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 Velardeña Properties in Mexico and the other comprised of non-revenue producing activities including exploration, construction 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:

	Revenue		Costs Applicable to Sales		Depreciation, Depletion and Amortization		Exploration, El Quevar, Velardeña and Administrative Expense		Pre-Tax loss		Total Assets		Capital Expenditures
Three Months Ended June 30, 2014
Velardeña Properties	$	—	$	—	$	577	$	1,208	$	1,328			$	—
Corporate, Exploration & Other	—		—		201		3,224		3,715				—
	$	—	$	—	$	778	$	4,432	$	5,043			$	—
Six Months Ended June 30, 2014
Velardeña Properties	$	—	$	—	$	1,202	$	2,457	$	3,324	$	27,828	$	—
Corporate, Exploration & Other	—		—		422		6,813		7,377		16,293		7
	$	—	$	—	$	1,624	$	9,270	$	10,701	$	44,121	$	7
Three Months Ended June 30, 2013
Velardeña Properties	$	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 Properties	$	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