Segment Information

9 Months Ended

Sep. 30, 2016

Segment Information

Segment Information

21.     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:

							Exploration, El
			Costs		Depreciation,		Quevar, Velardeña
Three Months Ended			Applicable		Depletion and		and Administrative						Capital
September 30, 2016	Revenue		to Sales		Amortization		Expense		Pre-Tax loss		Total Assets		Expenditures
Velardeña Properties	$	1,729	$	549	$	249	$	509	$	(1,563)			$	15
Corporate, Exploration & Other		—		—		97		1,706		2,361				—
	$	1,729	$	549	$	346	$	2,215	$	798			$	15
Nine Months Ended
September 30, 2016
Velardeña Properties	$	4,768	$	1,478	$	982	$	2,100	$	(1,319)	$	8,370	$	35
Corporate, Exploration & Other		—		—		335		5,803		12,319		6,647		1
	$	4,768	$	1,478	$	1,317	$	7,903	$	11,000	$	15,017	$	36
Three Months Ended
September 30, 2015
Velardeña Properties	$	1,788	$	2,598	$	1,047	$	393	$	14,878			$	—
Corporate, Exploration & Other		—		—		162		1,839		1,942				—
	$	1,788	$	2,598	$	1,209	$	2,232	$	16,820			$	—
Nine Months Ended
September 30, 2015
Velardeña Properties	$	6,086	$	8,385	$	3,242	$	512	$	17,097	$	8,981	$	28
Corporate, Exploration & Other		—		—		501		7,214		7,004		5,744		16
	$	6,086	$	8,385	$	3,743	$	7,726	$	24,101	$	14,725	$	44