Segment Information

6 Months Ended

Jun. 30, 2023

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 on the Company’s revenue-producing activities and cash-consuming activities. The Company reports two segments, one for its revenue-producing activities in Mexico, which includes both the Velardeña Properties and the Rodeo Property, 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		Pre-Tax (gain)				Capital
June 30, 2023	Revenue		to Sales		Amortization		Expense		loss		Total Assets		Expenditures
Mexico Operations	$	4,973	$	3,832	$	129	$	978	$	(29)			$	—
Corporate, Exploration and Other		—		—		4		1,612		1,568				—
Consolidated	$	4,973	$	3,832	$	133	$	2,590	$	1,539			$	—
Six Months Ended
June 30, 2023
Mexico Operations	$	9,190	$	7,878	$	223	$	2,154	$	1,145	$	8,821	$	—
Corporate, Exploration and Other		—		—		9		3,504		3,609		6,371		—
Consolidated	$	9,190	$	7,878	$	232	$	5,658	$	4,754	$	15,192	$	—
Three Months Ended
June 30, 2022
Mexico Operations	$	5,926	$	4,639	$	74	$	2,118	$	600			$	3
Corporate, Exploration and Other		—		—		13		2,268		2,342				—
Consolidated	$	5,926	$	4,639	$	87	$	4,386	$	2,942			$	3
Six Months Ended
June 30, 2022
Mexico Operations	$	13,432	$	8,961	$	127	$	3,937	$	(1,083)	$	9,291	$	26
Corporate, Exploration and Other		—		—		25		4,040		4,256		12,027		1
Consolidated	$	13,432	$	8,961	$	152	$	7,977	$	3,173	$	21,318	$	27