Segment Reporting

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Company’s operating segments include the Palmarejo, San Bartolomé, Rochester, and Kensington mines, the La Preciosa project, and Coeur Capital. All operating segments are engaged in the discovery and mining of gold and silver and generate the majority of their revenues from the sale of these precious metals with the exception of Coeur Capital, which holds the Endeavor silver stream and other precious metals royalties. Other includes the Joaquin project, Martha mine, corporate headquarters, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts.

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

Three months ended June 30, 2014	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	72,446		$	29,078		$	29,018		$	31,193		$	—		$	1,971		$	—		$	163,706
Royalties	—			—			—			—			—			856			—			856
	72,446			29,078			29,018			31,193			—			2,827			—			164,562
Costs and Expenses
Costs applicable to sales(1)	49,551			20,695			23,218			24,381			—			842			—			118,687
Amortization	18,044			4,855			11,566			5,025			22			1,419			491			41,422
Exploration	1,637			57			1,636			738			26			109			950			5,153
Other operating expenses	325			194			199			844			5,711			263			10,622			18,158
Other income (expense)
Interest income and other, net	(1,202		)	691			4			32			118			(964		)	271			(1,050		)
Interest expense, net	(2,771		)	(11		)	(53		)	(261		)	—			—			(9,214		)	(12,310		)
Fair value adjustments, net	(4,989		)	—			—			(1,837		)	—			—			(1,456		)	(8,282		)
Income and mining tax (expense) benefit	1,342			(2,204		)	—			(419		)	(1,159		)	263			(444		)	(2,621		)
Net income (loss)	$	(4,731	)	$	1,753		$	(7,650	)	$	(2,280	)	$	(6,800	)	$	(507	)	$	(22,906	)	$	(43,121	)
Segment assets(2)	$	1,133,851		$	309,565		$	331,151		$	206,665		$	412,226		$	67,864		$	110,406		$	2,571,728
Capital expenditures	$	5,589		$	1,711		$	3,989		$	3,956		$	3		$	—		$	108		$	15,356

(1)    Excludes amortization

(2)     Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests

Three months ended June 30, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	86,217		$	49,236		$	30,851		$	34,903		$	—		$	3,479		$	(161	)	$	204,525
Royalties	—			—			—			—			—			—			—			—
	$	86,217		$	49,236		$	30,851		$	34,903		$	—		$	3,479		$	(161	)	$	204,525
Costs and Expenses
Costs applicable to sales(1)	55,218			32,815			30,154			22,516			—			1,683			—			142,386
Amortization	35,384			4,824			13,159			1,989			2			1,224			312			56,894
Exploration	3,189			27			563			512			690			322			1,471			6,774
Litigation settlement	—			—			—			32,046			—			—			—			32,046
Other operating expenses	173			117			236			2,466			—			(191		)	14,042			16,843
Other income (expense)
Interest income and other, net	(428		)	683			150			—			(11		)	91			(17,258		)	(16,773		)
Interest expense, net	(4,190		)	(14		)	(95		)	(5		)	—			—			(6,626		)	(10,930		)
Fair value adjustments, net	61,066			—			6,350			—			—			—			(662		)	66,754
Income and mining tax (expense) benefit	(17,282		)	(4,506		)	—			(538		)	—			(191		)	(1,156		)	(23,673		)
Net income (loss)	$	31,419		$	7,616		$	(6,856	)	$	(25,169	)	$	(703	)	$	341		$	(41,688	)	$	(35,040	)
Segment assets(2)	$	1,860,240		$	286,325		$	485,215		$	122,917		$	409,458		$	31,493		$	108,954		$	3,304,602
Capital expenditures	$	9,166		$	3,159		$	7,406		$	6,596		$	735		$	—		$	139		$	27,201

(1)    Excludes amortization

(2)     Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests

Six months ended June 30, 2014	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	140,434		$	56,632		$	65,079		$	55,347		$	—		$	4,860		$	—		$	322,352
Royalties	—			—			—			—			—			1,843			—			1,843
	140,434			56,632			65,079			55,347			—			6,703			—			324,195
Costs and Expenses
Costs applicable to sales(1)	93,126			39,595			51,749			39,089			—			2,024			—			225,583
Amortization	36,702			9,313			22,275			9,476			41			3,121			921			81,849
Exploration	2,642			82			2,680			1,912			210			312			1,532			9,370
Other operating expenses	622			335			390			2,189			10,668			504			24,361			39,069
Other income (expense)
Interest income and other, net	(2,772		)	1,373			4			51			(17		)	(3,512		)	(749		)	(5,622		)
Interest expense, net	(5,595		)	(31		)	(75		)	(266		)	—			—			(19,398		)	(25,365		)
Fair value adjustments, net	(15,225		)	—			—			(2,510		)	—			—			(1,982		)	(19,717		)
Income and mining tax (expense) benefit	5,171			(4,969		)	—			(419		)	(1,271		)	(25		)	3,581			2,068
Net income (loss)	$	(11,079	)	$	3,680		$	(12,086	)	$	(463	)	$	(12,207	)	$	(2,795	)	$	(45,362	)	$	(80,312	)
Segment assets(2)	$	1,133,851		$	309,565		$	331,151		$	206,665		$	412,226		$	67,864		$	110,406		$	2,571,728
Capital expenditures	$	9,331		$	3,152		$	8,700		$	4,915		$	141		$	—		$	1,053		$	27,292

(1)    Excludes amortization

(2)     Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests

Six months ended June 30, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	143,643		$	82,377		$	70,126		$	74,377		$	—		$	6,461		$	(662	)	$	376,322
Royalties	—			—			—			—			—			—			—			—
	143,643			82,377			70,126			74,377			—			6,461			(662		)	376,322
Costs and Expenses
Costs applicable to sales(1)	81,937			48,494			53,718			43,293			—			3,002			—			230,444
Amortization	64,166			9,464			26,445			3,842			2			2,052			618			106,589
Exploration	5,170			79			1,235			996			690			630			4,815			13,615
Litigation	—			—			—			32,046			—			—			—			32,046
Other operating expenses	341			3,954			412			2,938			—			(245		)	25,016			32,416
Other income (expense)
Interest income and other, net	1,514			1,288			281			57			(11		)	138			(16,219		)	(12,952		)
Interest expense, net	(7,928		)	(46		)	(354		)	(11		)	—			—			(12,323		)	(20,662		)
Fair value adjustments, net	75,494			—			10,577			—			—			—			(1,521		)	84,550
Income and mining tax (expense) benefit	(20,816		)	(8,834		)	(1		)	(1,264		)	—			(245		)	(3,758		)	(34,918		)
Net income (loss)	$	40,293		$	12,794		$	(1,181	)	$	(9,956	)	$	(703	)	$	915		$	(64,932	)	$	(22,770	)
Segment assets(2)	$	1,860,240		$	286,325		$	485,215		$	122,917		$	409,458		$	31,493		$	108,954		$	3,304,602
Capital expenditures	$	14,480		$	3,616		$	10,736		$	9,894		$	735		$	—		$	567		$	40,028

(1)    Excludes amortization

(2)     Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests

(in thousands)	June 30, 2014		December 31, 2013
Assets
Total assets for reportable segments	$	2,571,728	$	2,595,408
Cash and cash equivalents	269,133		206,690
Short term investments	47,642		—
Other assets	79,019		83,880
Total consolidated assets	$	2,967,522	$	2,885,978

Geographic Information

(in thousands)	June 30, 2014		December 31, 2013
Long Lived Assets
United States	$	387,617	$	384,626
Australia	23,858		25,668
Argentina	94,495		94,705
Bolivia	228,606		235,085
Mexico	1,461,228		1,487,228
Other Foreign Countries	15,650		10,462
Total	$	2,211,454	$	2,237,774

	Three months ended June 30,					Six months ended June 30,
(in thousands)	2014		2013			2014		2013
Revenue
United States	$	60,212	$	65,754		$	120,427	$	144,502
Mexico	72,657		86,217			141,167		143,643
Bolivia	29,078		49,236			56,632		82,377
Australia	1,971		3,479			4,860		6,462
Other	644		(161		)	$	1,109	$	(662	)
Total	$	164,562	$	204,525		$	324,195	$	376,322