Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2015

Financial information relating to the reporting segments



Year ended December 31, 2013	Palmarejo			Rochester			Kensington			San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	324,040		$	119,254		$	148,769		$	141,721		$	12,871		$	(661	)	$	745,994
Royalties	—			—			—			—			—			—			—
	324,040			119,254			148,769			141,721			12,871			(661		)	745,994
Costs and Expenses
Costs applicable to sales⁽¹⁾	188,572			77,869			104,575			86,827			5,820			—			463,663
Amortization	133,535			8,890			62,750			19,103			3,755			1,531			229,564
Exploration	7,161			2,653			4,199			111			2,069			6,167			22,360
Write-downs	642,094			—			130,694			—			—			205			772,993
Other operating expenses	705			36,265			735			6,205			1,397			57,266			102,573
Other income (expense)
Fair value adjustments, net	76,218			416			7,480			—			—			(1,346		)	82,768
Interest expense, net	(15,123		)	(20		)	(424		)	(74		)	—			(25,662		)	(41,303		)
Other, net	906			(318		)	(187		)	2,582			(19,474		)	11,506			(4,985		)
Income and mining tax (expense) benefit	107,748			(2,332		)	(1		)	(10,938		)	2,179			61,460			158,116
Net income (loss)	$	(478,278	)	$	(8,677	)	$	(147,316	)	$	21,045		$	(17,465	)	$	(19,872	)	$	(650,563	)
Segment assets⁽²⁾	$	1,164,852		$	176,789		$	343,144		$	289,272		$	62,678		$	522,084		$	2,558,819
Capital expenditures	$	33,730		$	29,406		$	21,404		$	11,568		$	—		$	4,705		$	100,813

(1) Excludes amortization

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



Year ended December 31, 2014	Palmarejo			Rochester			Kensington			San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	244,003		$	123,768		$	136,960		$	117,749		$	10,046		$	—		$	632,526
Royalties	—			—			—			—			3,216			—			3,216
	244,003			123,768			136,960			117,749			13,262			—			635,742
Costs and Expenses
Costs applicable to sales⁽¹⁾	187,276			91,462			105,342			89,659			4,206			—			477,945
Amortization	69,431			20,790			43,619			19,423			7,015			2,158			162,436
Exploration	6,671			2,636			8,005			120			515			3,793			21,740
Write-downs	784,038			—			107,832			118,754			6,202			455,895			1,472,721
Other operating expenses	620			2,813			796			(251		)	938			61,966			66,882
Other income (expense)
Fair value adjustments, net	(1,847		)	3,653			—			—			—			1,812			3,618
Interest expense, net	(9,320		)	(679		)	(214		)	(52		)	(1		)	(37,280		)	(47,546		)
Other, net	131			105			(22		)	2,461			(7,141		)	(752		)	(5,218		)
Income and mining tax (expense) benefit	251,840			(2,224		)	—			18,114			2,067			158,457			428,254
Net income (loss)	$	(563,229	)	$	6,922		$	(128,870	)	$	(89,433	)	$	(10,689	)	$	(401,575	)	$	(1,186,874	)
Segment assets⁽²⁾	$	332,369		$	196,765		$	215,973		$	188,616		$	59,848		$	81,688		$	1,075,259
Capital expenditures	$	26,084		$	11,898		$	16,220		$	7,937		$	—		$	2,105		$	64,244

(1) Excludes amortization

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

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



Year ended December 31, 2015	Palmarejo			Rochester			Kensington			Wharf			San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	169,133		$	143,930		$	148,710		$	84,052		$	84,679		$	8,732		$	—		$	639,236
Royalties	—			—			—			—			—			6,850			—			6,850
	169,133			143,930			148,710			84,052			84,679			15,582			—			646,086
Costs and Expenses
Costs applicable to sales⁽¹⁾	138,476			103,994			105,640			52,197			75,827			3,520			—			479,654
Amortization	32,423			23,906			42,240			16,378			17,798			9,010			1,996			143,751
Exploration	4,533			1,324			2,596			134			126			(124		)	3,058			11,647
Write-downs	224,507			—			—			—			66,712			22,118			—			313,337
Other operating expenses	1,293			2,948			1,301			1,717			1,787			33			41,548			50,627
Other income (expense)
Fair value adjustments, net	3,160			818			—			—			—			—			1,224			5,202
Interest expense, net	(4,269		)	(748		)	(218		)	—			(725		)	—			(39,743		)	(45,703		)
Other, net	(10,968		)	(14		)	7			143			1,558			(3,182		)	12,441			(15		)
Income and mining tax (expense) benefit	37,597			(1,497		)	—			(857		)	(5,154		)	5,542			(9,368		)	26,263
Net income (loss)	$	(206,579	)	$	10,318		$	(3,278	)	$	12,912		$	(81,893	)	$	(16,615	)	$	(82,048	)	$	(367,183	)
Segment assets⁽²⁾	$	406,648		$	190,714		$	197,873		$	113,305		$	91,141		$	27,892		$	75,737		$	1,103,310
Capital expenditures	$	35,991		$	25,330		$	23,834		$	3,211		$	6,220		$	—		$	607		$	95,193

(1) Excludes amortization

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

Consolidated Assets



Assets	December 31, 2015		December 31, 2014
Total assets for reportable segments	$	1,103,310	$	1,075,259
Cash and cash equivalents	200,714		270,861
Other assets	28,465		90,449
Total consolidated assets	$	1,332,489	$	1,436,569

Long Lived Assets by Country

Geographic Information



Long-Lived Assets	December 31, 2015		December 31, 2014
Mexico	$	390,694	$	298,101
United States	336,210		275,594
Bolivia	35,201		107,960
Australia	5,952		21,362
Argentina	10,871		10,970
Other	9,058		15,116
Total	$	787,986	$	729,103

Revenue by Country



Revenue	Year ended December 31,
Revenue	2015		2014		2013
United States	$	376,692	$	260,728	$	268,023
Mexico	171,911		245,493		324,040
Bolivia	84,679		117,749		141,721
Australia	8,732		10,046		12,871
Other	4,072		1,726		(661		)
Total	$	646,086	$	635,742	$	745,994

The Company's doré, as well as the concentrate product produced by the Wharf mine, is refined into gold and silver bullion according to benchmark standards set by the London Bullion Market Association, which regulates the acceptable requirements for bullion traded in the London precious metals markets. The Company then sells its silver and gold bullion to multi-national banks, bullion trading houses, and refiners across the globe. The Company has eleven trading counterparties and the sales of metals to these companies amounted to approximately 74%, 63%, and 72% of total metal sales for the years ended December 31, 2015, 2014, and 2013, respectively. Generally, the loss of a single bullion trading counterparty would not adversely affect the Company due to the liquidity of the markets and the availability of alternative trading counterparties.

The Company's concentrate produced by the Kensington mine is sold to smelters under purchase and sale agreements, and the smelters pay the Company for the gold or silver recovered from the concentrates. The Company currently sells concentrate to three smelters, and sales to these companies amounted to approximately 26%, 37%, and 28% of total metal sales for the years ended December 31, 2015, 2014, and 2013, respectively. While the loss of any one smelter may have a material adverse effect if alternate smelters are not available, the Company believes that there is sufficient global capacity available to address the loss of a smelter.

The following table indicates customers that represent 10% or more of total sales of metal for at least one of the years December 31, 2015, 2014, and 2013 (in millions):



	Years Ended December 31,
Customer	2015		2014		2013		Segments reporting revenue
Mitsui & Co.	$	137.7	$	133.8	$	70.3	Palmarejo, Rochester
China National Gold	126.2		86.8		81.5		Kensington
Asahi (formerly Johnson Matthey)	84.2		71.8		66.4		Wharf, Rochester, San Bartolomé
TD Securities	81.3		106.7		106.7		Palmarejo, Rochester
Standard Bank	34.7		87.5		69.0		Palmarejo, Rochester
INTL Commodities	33.1		22.4		84.6		Palmarejo, San Bartolomé, Rochester
Valcambi	—		33.9		77.2		Palmarejo, San Bartolomé
Auramet	—		10.8		111.7		Palmarejo, San Bartolomé, Kensington, Rochester