Segment Reporting

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Company’s operating segments include the Palmarejo, San Bartolomé, Rochester, and Kensington mines, La Preciosa, 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 September 30, 2014	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	61,376		$	28,350		$	45,922		$	32,362		$	—		$	2,367		$	—		$	170,377
Royalties	—			—			—			—			—			561			—			561
	61,376			28,350			45,922			32,362			—			2,928			—			170,938
Costs and Expenses
Costs applicable to sales(1)	45,988			20,447			34,668			23,718			—			1,089			—			125,910
Amortization	16,493			5,117			12,887			5,359			22			1,563			544			41,985
Exploration	2,615			(19		)	2,638			127			20			150			1,056			6,587
Other operating expenses	340			180			202			(87		)	2,338			342			9,444			12,759
Other income (expense)
Interest income and other, net	284			583			—			39			(209		)	(1,480		)	(520		)	(1,303		)
Interest expense, net	(2,126		)	(10		)	(70		)	(250		)	—			—			(9,160		)	(11,616		)
Fair value adjustments, net	8,771			—			—			4,345			—			—			2,989			16,105
Income and mining tax (expense) benefit	11,562			(2,969		)	—			(210		)	5,305			214			2,681			16,583
Net income (loss)	$	14,431		$	229		$	(4,543	)	$	7,169		$	2,716		$	(1,482	)	$	(15,054	)	$	3,466
Segment assets(2)	$	1,111,829		$	304,644		$	315,959		$	208,284		$	412,202		$	67,934		$	126,932		$	2,547,784
Capital expenditures	$	5,857		$	2,783		$	3,610		$	4,194		$	62		$	—		$	278		$	16,784

(1) Excludes amortization

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

Three months ended September 30, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	104,524		$	28,819		$	38,927		$	24,259		$	—		$	4,296		$	—		$	200,825
Royalties	—			—			—			—			—			—			—			—
	104,524			28,819			38,927			24,259			—			4,296			—			200,825
Costs and Expenses
Costs applicable to sales(1)	66,839			17,673			27,484			17,938			—			1,871			—			131,805
Amortization	33,475			4,788			18,086			2,518			11			898			321			60,097
Exploration	860			(3		)	1,496			625			(645		)	184			788			3,305
Litigation settlement	—			—			—			—			—			—			—			—
Other operating expenses	179			2,090			98			515			1,933			(144		)	16,301			20,972
Other income (expense)
Interest income and other, net	(2,281		)	582			—			60			(71		)	26			(977		)	(2,661		)
Interest expense, net	(2,925		)	(12		)	(51		)	(5		)	—			(1		)	(6,668		)	(9,662		)
Fair value adjustments, net	(15,260		)	—			(2,952		)	(2,363		)	—			—			(71		)	(20,646		)
Income and mining tax (expense) benefit	1,564			(4,648		)	—			78			(20		)	(604		)	5,688			2,058
Net income (loss)	$	(15,731	)	$	193		$	(11,240	)	$	433		$	(1,390	)	$	908		$	(19,438	)	$	(46,265	)
Segment assets(2)	$	1,825,599		$	289,274		$	481,613		$	161,993		$	410,085		$	27,938		$	115,666		$	3,312,168
Capital expenditures	$	10,290		$	4,166		$	4,934		$	12,267		$	358		$	—		$	711		$	32,726

(1) Excludes amortization

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

Nine months ended September 30, 2014	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	201,809		$	84,983		$	111,000		$	87,710		$	—		$	7,227		$	—		$	492,729
Royalties	—			—			—			—			—			2,404			—			2,404
	201,809			84,983			111,000			87,710			—			9,631			—			495,133
Costs and Expenses
Costs applicable to sales(1)	139,113			60,042			86,417			62,806			—			3,114			—			351,492
Amortization	53,196			14,430			35,162			14,835			63			4,685			1,463			123,834
Exploration	5,257			63			5,318			2,039			229			462			2,589			15,957
Other operating expenses	962			515			591			2,102			13,006			868			33,784			51,828
Other income (expense)
Interest income and other, net	(2,489		)	1,957			4			90			(226		)	(4,988		)	(1,275		)	(6,927		)
Interest expense, net	(7,721		)	(42		)	(145		)	(515		)	—			—			(28,557		)	(36,980		)
Fair value adjustments, net	(6,454		)	—			—			1,835			—			—			1,008			(3,611		)
Income and mining tax (expense) benefit	16,734			(7,937		)	—			(629		)	4,034			(304		)	6,752			18,650
Net income (loss)	$	3,351		$	3,911		$	(16,629	)	$	6,709		$	(9,490	)	$	(4,790	)	$	(59,908	)	$	(76,846	)
Segment assets(2)	$	1,111,829		$	304,644		$	315,959		$	208,284		$	412,202		$	67,934		$	126,932		$	2,547,784
Capital expenditures	$	15,188		$	5,935		$	12,310		$	9,110		$	202		$	—		$	1,331		$	44,076

(1) Excludes amortization

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

Nine months ended September 30, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	248,167		$	111,196		$	109,053		$	98,636		$	—		$	10,757		$	(662	)	$	577,147
Royalties	—			—			—			—			—			—			—			—
	248,167			111,196			109,053			98,636			—			10,757			(662		)	577,147
Costs and Expenses
Costs applicable to sales(1)	148,776			66,165			81,203			61,231			—			4,875			—			362,250
Amortization	97,641			14,252			44,531			6,360			12			2,950			940			166,686
Exploration	6,029			76			2,732			1,621			19			814			5,629			16,920
Litigation	—			—			—			32,046			—			—			—			32,046
Other operating expenses	520			6,045			510			3,454			2,082			(320		)	41,097			53,388
Other income (expense)
Interest income and other, net	(768		)	1,871			281			117			(84		)	157			(17,187		)	(15,613		)
Interest expense, net	(10,853		)	(59		)	(405		)	(16		)	—			(1		)	(18,990		)	(30,324		)
Fair value adjustments, net	60,234			—			7,626			(2,363		)	—			—			(1,592		)	63,905
Income and mining tax (expense) benefit	(17,383		)	(13,482		)	(1		)	(1,186		)	(20		)	(1,112		)	324			(32,860		)
Net income (loss)	$	26,431		$	12,988		$	(12,422	)	$	(9,524	)	$	(2,217	)	$	1,482		$	(85,773	)	$	(69,035	)
Segment assets(2)	$	1,825,599		$	289,274		$	481,613		$	161,993		$	410,085		$	27,938		$	115,666		$	3,312,168
Capital expenditures	$	24,770		$	7,782		$	15,670		$	22,161		$	1,093		$	—		$	1,278		$	72,754

(1) Excludes amortization

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

In thousands	September 30, 2014		December 31, 2013
Assets
Total assets for reportable segments	$	2,547,784	$	2,595,408
Cash and cash equivalents	245,925		206,690
Short term investments	49,520		—
Other assets	72,095		83,880
Total consolidated assets	$	2,915,324	$	2,885,978

Geographic Information

In thousands	September 30, 2014		December 31, 2013
Long Lived Assets
United States	$	392,225	$	384,626
Australia	22,949		25,668
Argentina	94,435		94,705
Bolivia	226,495		235,085
Mexico	1,452,739		1,487,228
Other Foreign Countries	15,335		10,462
Total	$	2,204,178	$	2,237,774

	Three months ended September 30,				Nine months ended September 30,
In thousands	2014		2013		2014		2013
Revenue
United States	$	78,284	$	63,186	$	198,710	$	207,689
Mexico	61,684		104,524		202,851		248,167
Bolivia	28,350		28,819		84,983		111,196
Australia	2,367		4,296		7,227		10,757
Other	253		—		$	1,362	$	(662	)
Total	$	170,938	$	200,825	$	495,133	$	577,147