XML 151 R68.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Financial information relating to reporting segments          
Sales of metal $ 204,525 $ 254,406 $ 376,322 $ 458,970  
Production costs applicable to sales (142,924) (131,823) (231,708) (224,377)  
Depreciation and depletion (57,653) (61,024) (108,089) (113,616)  
Gross profit 3,948 61,559 36,525 120,977  
Exploration expense 6,774 6,305 13,615 12,872  
Loss on impairment 86 4,813 205 4,813  
OPERATING INCOME (50,957) 41,574 (40,052) 85,761  
Interest and other income 419 (3,221) 4,275 1,786  
Interest expense (10,930) (7,557) (20,662) (14,227)  
Fair value adjustments, net 66,754 16,039 84,550 (7,074)  
Income tax benefit (expense) (23,134) (23,862) (33,654) (39,298)  
Net income (35,040) 22,973 (22,770) 26,948  
Capital expenditures 27,201 32,238 40,028 63,885  
Assets 3,666,716   3,666,716   3,221,401
Palmarejo [Member]
         
Financial information relating to reporting segments          
Sales of metal 86,217 136,365 143,643 260,087  
Production costs applicable to sales (55,218) (62,538) (81,937) (108,397)  
Depreciation and depletion (35,557) (42,748) (64,507) (80,517)  
Gross profit (4,558) 31,079 (2,801) 71,173  
Exploration expense 3,189 1,624 5,170 2,945  
Loss on impairment 0        
Other operating expenses 0 0 0 0  
OPERATING INCOME (7,747) 29,455 (7,971) 68,228  
Interest and other income (428) (4,720) 1,514 (139)  
Interest expense (4,190) (5,672) (7,928) (10,481)  
Fair value adjustments, net 61,066 14,105 75,494 (11,505)  
Income tax benefit (expense) (17,282) (11,967) (20,816) (15,511)  
Net income 31,419 21,201 40,293 30,592  
Capital expenditures 9,166 [1] 11,174 [1] 14,480 [1] 18,344 [1]  
Assets 1,860,240 [2] 1,954,084 [2] 1,860,240 [2] 1,954,084 [2]  
San Bartolome [Member]
         
Financial information relating to reporting segments          
Sales of metal 49,236 53,383 82,377 94,759  
Production costs applicable to sales (32,815) (22,773) (48,494) (36,381)  
Depreciation and depletion (4,941) (4,070) (9,696) (8,289)  
Gross profit 11,480 26,540 24,187 50,089  
Exploration expense 27 (70) 79 0  
Loss on impairment 0        
Other operating expenses 0 25 3,722 30  
OPERATING INCOME 11,453 26,585 20,386 50,059  
Interest and other income 683 631 1,288 726  
Interest expense (14) (36) (46) (36)  
Fair value adjustments, net 0 0 0 0  
Income tax benefit (expense) (4,506) (10,889) (8,834) (18,578)  
Net income 7,616 16,291 12,794 32,171  
Capital expenditures 3,159 [1] 7,800 [1] 3,616 [1] 18,007 [1]  
Assets 286,325 [2] 289,428 [2] 286,325 [2] 289,428 [2]  
Kensington [Member]
         
Financial information relating to reporting segments          
Sales of metal 30,851 21,124 70,126 31,500  
Production costs applicable to sales (30,154) (16,106) (53,718) (33,197)  
Depreciation and depletion (13,261) (9,719) (26,647) (16,324)  
Gross profit (12,564) (4,701) (10,239) (18,021)  
Exploration expense 563 274 1,235 496  
Loss on impairment 0        
Other operating expenses 134 16 210 35  
OPERATING INCOME (13,261) (4,991) (11,684) (18,552)  
Interest and other income 150 0 281 0  
Interest expense (95) (901) (354) (1,793)  
Fair value adjustments, net 6,350 2,187 10,577 1,636  
Income tax benefit (expense) 0 0 (1) 0  
Net income (6,856) (3,705) (1,181) (18,709)  
Capital expenditures 7,406 [1] 9,324 [1] 10,736 [1] 20,202 [1]  
Assets 485,215 [2] 518,611 [2] 485,215 [2] 518,611 [2]  
Rochester [Member]
         
Financial information relating to reporting segments          
Sales of metal 34,903 34,153 74,377 52,911  
Production costs applicable to sales (23,054) (20,751) (44,557) (30,317)  
Depreciation and depletion (2,324) (2,060) (4,505) (3,702)  
Gross profit 9,525 11,342 25,315 18,892  
Exploration expense 512 1,135 996 1,844  
Loss on impairment 0        
Other operating expenses 34,177 692 34,321 2,033  
OPERATING INCOME (25,164) 9,515 (10,002) 15,015  
Interest and other income 0 239 57 288  
Interest expense (5) (7) (11) (15)  
Fair value adjustments, net 0 0 0 0  
Income tax benefit (expense) 0 0 0 0  
Net income (25,169) 9,747 (9,956) 15,288  
Capital expenditures 6,596 [1] 2,946 [1] 9,894 [1] 5,585 [1]  
Assets 122,917 [2] 94,677 [2] 122,917 [2] 94,677 [2]  
Martha [Member]
         
Financial information relating to reporting segments          
Sales of metal (161) 4,149 (662) 7,767  
Production costs applicable to sales 0 (7,102) 0 (10,795)  
Depreciation and depletion (113) (704) (229) (1,300)  
Gross profit (274) (3,657) (891) (4,328)  
Exploration expense 603 2,763 1,587 6,174  
Loss on impairment 86 4,813 205 4,813  
Other operating expenses 861 81 1,906 279  
OPERATING INCOME (1,824) (11,314) (4,589) (15,594)  
Interest and other income (177) (494) 746 (570)  
Interest expense (1) (1) 0 (1)  
Fair value adjustments, net 0 0 0 0  
Income tax benefit (expense) (117) (28) (44) (239)  
Net income (2,119) (11,837) (3,887) (16,404)  
Capital expenditures 10 [1] 529 [1] 10 [1] 1,188 [1]  
Assets 6,757 [2] 13,070 [2] 6,757 [2] 13,070 [2]  
Endeavor [Member]
         
Financial information relating to reporting segments          
Sales of metal 3,479 5,232 6,461 11,946  
Production costs applicable to sales (1,683) (2,553) (3,003) (5,290)  
Depreciation and depletion (1,220) (1,592) (2,044) (3,236)  
Gross profit 576 1,087 1,414 3,420  
Exploration expense 0 0 0 0  
Loss on impairment 0        
Other operating expenses 0 0 0 0  
OPERATING INCOME 576 1,087 1,414 3,420  
Interest and other income 0 0 0 0  
Interest expense 0 0 0 0  
Fair value adjustments, net 0 0 0 0  
Income tax benefit (expense) 85 0 84 0  
Net income 661 1,087 1,498 3,420  
Capital expenditures 0 [1] 0 [1] 0 [1] 0 [1]  
Assets 30,226 [2] 33,228 [2] 30,226 [2] 33,228 [2]  
Joaquin [Member]
         
Financial information relating to reporting segments          
Sales of metal 0        
Production costs applicable to sales 0   0    
Depreciation and depletion (2)   (2)    
Gross profit (2)   (2)    
Exploration expense 690   690    
Other operating expenses 0   0    
OPERATING INCOME (692)   (692)    
Interest and other income (11)   (11)    
Interest expense 0   0    
Fair value adjustments, net 0   0    
Income tax benefit (expense) 0   0    
Net income (703)   (703)    
Capital expenditures 735 [1]   735 [1]    
Assets 409,458 [2]   409,458 [2]    
Other Mining Properties [Member]
         
Financial information relating to reporting segments          
Sales of metal 0 0 0 0  
Production costs applicable to sales 0 0 1 0  
Depreciation and depletion (235) (131) (459) (248)  
Gross profit (235) (131) (458) (248)  
Exploration expense 1,190 579 3,858 1,413  
Other operating expenses 12,873 8,053 22,598 15,154  
OPERATING INCOME (14,298) (8,763) (26,914) (16,815)  
Interest and other income (16,990) 1,123 (16,827) 1,481  
Interest expense (6,625) (940) (12,323) (1,901)  
Fair value adjustments, net (662) (253) (1,521) 2,795  
Income tax benefit (expense) (1,314) (978) (4,043) (4,970)  
Net income (39,889) (9,811) (61,628) (19,410)  
Capital expenditures 129 [1] 465 [1] 557 [1] 559 [1]  
Assets 103,464 [2] 16,654 [2] 103,464 [2] 16,654 [2]  
Reportable Segment [Member]
         
Financial information relating to reporting segments          
Sales of metal 204,525 254,406 376,322 458,970  
Production costs applicable to sales (142,924) (131,823) (231,708) (224,377)  
Depreciation and depletion (57,653) (61,024) (108,089) (113,616)  
Gross profit 3,948 61,559 36,525 120,977  
Exploration expense 6,774 6,305 13,615 12,872  
Loss on impairment 86   205 4,813  
Other operating expenses 48,045 8,867 62,757 17,531  
OPERATING INCOME (50,957) 41,574 (40,052) 85,761  
Interest and other income (16,773) (3,221) (12,952) 1,786  
Interest expense (10,930) (7,557) (20,662) (14,227)  
Fair value adjustments, net 66,754 16,039 84,550 (7,074)  
Income tax benefit (expense) (23,134) (23,862) (33,654) (39,298)  
Net income (35,040) 22,973 (22,770) 26,948  
Capital expenditures 27,201 [1] 32,238 [1] 40,028 [1] 63,885 [1]  
Assets $ 3,304,602 [2] $ 2,919,752 [2] $ 3,304,602 [2] $ 2,919,752 [2]  
[1] Balance represents cash flow amounts Three months ended June 30, 2012PalmarejoMine San BartoloméMine KensingtonMine RochesterMine MarthaMine EndeavorMine Other TotalSales of metals$136,365 $53,383 $21,124 $34,153 $4,149 $5,232 $— $254,406Productions costs applicable to sales(62,538) (22,773) (16,106) (20,751) (7,102) (2,553) — (131,823)Depreciation and depletion(42,748) (4,070) (9,719) (2,060) (704) (1,592) (131) (61,024)Gross profit31,079 26,540 (4,701) 11,342 (3,657) 1,087 (131) 61,559Exploration expense1,624 (70) 274 1,135 2,763 — 579 6,305Loss on impairment— — — — 4,813 — — Other operating expenses— 25 16 692 81 — 8,053 8,867OPERATING INCOME29,455 26,585 (4,991) 9,515 (11,314) 1,087 (8,763) 41,574Interest and other income, net(4,720) 631 — 239 (494) — 1,123 (3,221)Interest expense(5,672) (36) (901) (7) (1) — (940) (7,557)Fair value adjustments, net14,105 — 2,187 — — — (253) 16,039Income tax benefit (expense)(11,967) (10,889) — — (28) — (978) (23,862)Net income$21,201 $16,291 $(3,705) $9,747 $(11,837) $1,087 $(9,811) $22,973Segment assets (A)$1,954,084 $289,428 $518,611 $94,677 $13,070 $33,228 $16,654 $2,919,752Capital expenditures (B)$11,174 $7,800 $9,324 $2,946 $529 $— $465 $32,238
[2] Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties