Segment Information

12 Months Ended

Dec. 31, 2019

Segment Information

Segment Information

23.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
							Quevar,
			Costs		Depreciation,		Velardeña and
			Applicable		Depletion and		Administrative		Pre-Tax				Capital
The Year ended December 31, 2019	Revenue		to Sales		Amortization		Expense		(Income)/Loss		Total Assets		Expenditures
							(in thousands)
Velardeña Properties	$	7,730	$	2,377	$	796	$	2,538	$	(4,301)	$	8,069	$	11
Corporate, Exploration & Other		—		—		302		8,993		9,652		5,288		27
	$	7,730	$	2,377	$	1,098	$	11,531	$	5,351	$	13,357	$	38
The Year ended December 31, 2018
Velardeña Properties	$	7,217	$	2,289	$	816	$	2,362	$	(1,320)	$	5,699	$	79
Corporate, Exploration & Other		—		—		355		8,057		3,252		6,945		73
	$	7,217	$	2,289	$	1,171	$	10,419	$	1,932	$	12,644	$	152

All of the revenue for the two years presented was from the Company's Velardeña Properties in Mexico (see Note 18) and was all attributable to the lease of the oxide plant.