Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Financial information relating to the reporting segments

Financial information relating to the Company’s segments is as follows (in thousands):

Three months ended September 30, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			La Preciosa			Other			Total
Sales of metals	$	104,524		$	28,819		$	38,927		$	24,259		$	—		$	4,296		$	—		$	—		$	200,825
Production costs applicable to sales	(66,839		)	(17,673		)	(27,484		)	(17,861		)	—			(1,871		)	—			—			(131,728		)
Depreciation and depletion	(33,654		)	(4,909		)	(18,190		)	(2,860		)	(108		)	(894		)	(11		)	(248		)	(60,874		)
Gross profit	4,031			6,237			(6,747		)	3,538			(108		)	1,531			(11		)	(248		)	8,223
Exploration expense	860			(3		)	1,496			624			282			—			(671		)	717			3,305
Other operating expenses	—			1,969			(6		)	173			738			—			1,888			15,433			20,195
OPERATING INCOME / LOSS	3,171			4,271			(8,237		)	2,741			(1,128		)	1,531			(1,228		)	(16,398		)	(15,277		)
Interest and other income, net	(2,281		)	582			—			60			(595		)	—			19			(446		)	(2,661		)
Interest expense, net	(2,925		)	(12		)	(51		)	(5		)	—			—			—			(6,669		)	(9,662		)
Fair value adjustments, net	(15,260		)	—			(2,952		)	(2,363		)	—			—			—			(71		)	(20,646		)
Income tax expense	1,564			(4,648		)	—			—			5			—			—			5,060			1,981
Net income (loss)	$	(15,731	)	$	193		$	(11,240	)	$	433		$	(1,718	)	$	1,531		$	(1,209	)	$	(18,524	)	$	(46,265	)
Segment assets (A)	$	1,825,599		$	289,274		$	481,613		$	161,993		$	6,146		$	27,938		$	410,085		$	109,520		$	3,312,168
Capital expenditures (B)	$	10,290		$	4,166		$	4,934		$	12,267		$	—		$	—		$	358		$	711		$	32,726

Three months ended September 30, 2012	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			La Preciosa		Other			Total
Sales of metals	$	102,642		$	46,192		$	36,450		$	36,244		$	4,933		$	4,132		$	—	$	—		$	230,593
Production costs applicable to sales	(48,672		)	(19,937		)	(26,881		)	(21,014		)	(6,481		)	(1,982		)	—		—			(124,967		)
Depreciation and depletion	(34,007		)	(4,163		)	(11,512		)	(2,061		)	(32		)	(898		)	—		(171		)	(52,844		)
Gross profit	19,963			22,092			(1,943		)	13,169			(1,580		)	1,252			—		(171		)	52,782
Exploration expense	2,288			50			1,476			1,158			1,217			—			—		768			6,957
Loss on impairment	—			—			—			—			1,293			—			—		—			1,293
Other operating expenses	—			50			39			1,109			133			—			—		9,212			10,543
OPERATING INCOME / LOSS	17,675			21,992			(3,458		)	10,902			(4,223		)	1,252			—		(10,151		)	33,989
Interest and other income, net	4,914			8,353			—			59			(342		)	—			—		(320		)	12,664
Interest expense	(4,401		)	(11		)	(1,834		)	(6		)	(2		)	—			—		(1,097		)	(7,351		)
Fair value adjustments, net	(34,266		)	—			(4,283		)	—			—			—			—		901			(37,648		)
Income tax benefit (expense)	5,495			(23,106		)	—			—			1,233			(202		)	—		(895		)	(17,475		)
Net income (loss)	$	(10,583	)	$	7,228		$	(9,575	)	$	10,955		$	(3,334	)	$	1,050		$	—	$	(11,562	)	$	(15,821	)
Segment assets (A)	$	1,926,695		$	299,041		$	520,619		$	104,066		$	11,339		$	32,619		$	—	$	18,613		$	2,912,992
Capital expenditures (B)	$	11,321		$	4,406		$	9,034		$	4,777		$	6		$	—		$	—	$	428		$	29,972

Nine months ended September 30, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			La Preciosa			Other			Total
Sales of metals	$	248,167		$	111,196		$	109,053		$	98,636		$	(662	)	$	10,757		$	—		$	—		$	577,147
Production costs applicable to sales	(148,776		)	(66,165		)	(81,203		)	(62,418		)	—			(4,874		)	—			(1		)	(363,437		)
Depreciation and depletion	(98,161		)	(14,606		)	(44,837		)	(7,365		)	(338		)	(2,938		)	(12		)	(706		)	(168,963		)
Gross profit	1,230			30,425			(16,987		)	28,853			(1,000		)	2,945			(12		)	(707		)	44,747
Exploration expense	6,029			76			2,732			1,621			4,460			—			19			1,983			16,920
Loss on impairment	—			—			—			—			205			—			—			—			205
Other operating expenses	—			5,691			204			34,494			2,643			—			1,888			38,032			82,952
OPERATING INCOME / LOSS	(4,799		)	24,658			(19,923		)	(7,262		)	(8,308		)	2,945			(1,919		)	(40,722		)	(55,330		)
Interest and other income, net	(768		)	1,871			281			117			166			—			8			(17,288		)	(15,613		)
Interest expense, net	(10,853		)	(59		)	(405		)	(16		)	—			—			—			(18,991		)	(30,324		)
Fair value adjustments, net	60,234			—			7,626			(2,363		)	—			—			—			(1,592		)	63,905
Income tax expense	(17,383		)	(13,482		)	(1		)	—			(38		)	—			—			(769		)	(31,673		)
Net income (loss)	$	26,431		$	12,988		$	(12,422	)	$	(9,524	)	$	(8,180	)	$	2,945		$	(1,911	)	$	(79,362	)	$	(69,035	)
Segment assets (A)	$	1,825,599		$	289,274		$	481,613		$	161,993		$	6,146		$	27,938		$	410,085		$	109,520		$	3,312,168
Capital expenditures (B)	$	24,770		$	7,782		$	15,670		$	22,161		$	10		$	—		$	1,093		$	1,268		$	72,754

Nine months ended September 30, 2012	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			La Preciosa		Other			Total
Sales of metals	$	362,729		$	140,951		$	67,950		$	89,156		$	12,700		$	16,077		$	—	$	—		$	689,563
Production costs applicable to sales	(157,070		)	(56,317		)	(60,078		)	(51,331		)	(17,276		)	(7,272		)	—		—			(349,344		)
Depreciation and depletion	(114,525		)	(12,452		)	(27,836		)	(5,763		)	(1,332		)	(4,134		)	—		(418		)	(166,460		)
Gross profit	91,134			72,182			(19,964		)	32,062			(5,908		)	4,671			—		(418		)	173,759
Exploration expense	5,232			51			1,971			3,003			7,391			—			—		2,181			19,829
Loss on impairment	—			—			—			—			6,106			—			—		—			6,106
Other operating expenses	—			80			75			3,142			411			—			—		24,366			28,074
OPERATING INCOME / LOSS	85,902			72,051			(22,010		)	25,917			(19,816		)	4,671			—		(26,965		)	119,750
Interest and other income, net	4,774			9,079			1			347			(912		)	—			—		1,161			14,450
Interest expense, net	(14,883		)	(47		)	(3,627		)	(21		)	(3		)	—			—		(2,997		)	(21,578		)
Fair value adjustments, net	(45,771		)	—			(2,647		)	—			—			—			—		3,696			(44,722		)
Income tax expense	(10,015		)	(41,684		)	—			—			993			(202		)	—		(5,865		)	(56,773		)
Net income (loss)	$	20,007		$	39,399		$	(28,283	)	$	26,243		$	(19,738	)	$	4,469		$	—	$	(30,970	)	$	11,127
Segment assets (A)	$	1,926,695		$	299,041		$	520,619		$	104,066		$	11,339		$	32,619		$	—	$	18,613		$	2,912,992
Capital expenditures (B)	$	29,665		$	22,413		$	29,235		$	10,362		$	1,194		$	—		$	—	$	988		$	93,857

(A) Segment assets consist of receivables, prepaids, inventories, property, plant, and equipment, and mining properties

(B) Capital expenditures are presented on a cash basis

Consolidated Assets

	September 30, 2013		December 31, 2012
Assets
Total assets for reportable segments	$	3,312,168	$	2,974,056
Cash and cash equivalents	211,434		125,440
Short term investments	—		999
Other assets	113,315		120,906
Total consolidated assets	$	3,636,917	$	3,221,401

Long Lived Assets by Country

Geographic Information

	September 30, 2013		December 31, 2012
Long Lived Assets:
United States	$	525,573	$	514,687
Australia	26,469		29,408
Argentina	94,844		95,134
Bolivia	235,059		240,905
Mexico	2,133,645		1,795,677
Total	$	3,015,590	$	2,675,811

Revenue by Country

	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013			2012
Revenues:
United States	$	63,186	$	72,694	$	207,689		$	157,106
Mexico	104,524		102,642		248,167			362,729
Bolivia	28,819		46,192		111,196			140,951
Australia	4,296		4,132		10,757			16,077
Argentina	—		4,933		(662		)	12,700
Total	$	200,825	$	230,593	$	577,147		$	689,563