Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information

Segment Information

19.   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:

Three Months Ended March 31, 2015	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	$	2,337	$	3,012	$	1,183	$	119	$	(872	)	$	25,958	$	—
Corporate, Exploration & Other	—		—		176		2,703		(2,559		)	10,477		—
	$	2,337	$	3,012	$	1,359	$	2,822	$	(3,431	)	$	36,435	$	—

Three Months Ended March 31, 2014
Velardeña Mine	$	—	$	—	$	625	$	1,260	$	1,996	$	28,468	$	—
Corporate, Exploration & Other	—		—		221		3,578		3,662		21,182		7
	$	—	$	—	$	846	$	4,838	$	5,658	$	49,650	$	7