Segment Reporting

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Company’s operating segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolomé mines, 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 primarily holds the Endeavor silver stream. Other includes the La Preciosa project, Joaquin project, corporate office, 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):

Year ended December 31, 2016	Palmarejo			Rochester			Kensington			Wharf			San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	141,273		$	139,945		$	146,593		$	136,678		$	93,880		$	4,128		$	—		$	662,497
Royalties	—			—			—			—			—			3,280			—			3,280
	141,273			139,945			146,593			136,678			93,880			7,408			—			665,777
Costs and Expenses
Costs applicable to sales(1)	80,820			89,726			96,731			66,379			74,166			1,719			—			409,541
Amortization	36,599			21,838			34,787			20,621			6,633			1,117			1,566			123,161
Exploration	5,063			841			3,487			2			—			1,797			1,740			12,930
Write-downs	—			—			—			—			—			4,446			—			4,446
Other operating expenses	1,213			2,801			1,038			2,238			2,909			226			36,170			46,595
Other income (expense)
Gain (Loss) on debt extinguishments	—			—			—			—			—			—			(21,365		)	(21,365		)
Fair value adjustments, net	(5,814		)	(4,133		)	—			—			—			—			(1,634		)	(11,581		)
Interest expense, net	(1,187		)	(664		)	(128		)	(69		)	(24		)	(34		)	(34,814		)	(36,920		)
Other, net	(12,125		)	(3,859		)	(25		)	17			1,590			6,014			10,263			1,875
Income and mining tax (expense) benefit	45,085			(2,785		)	—			(4,293		)	6,252			(2,504		)	12,484			54,239
Net income (loss)	$	43,537		$	13,298		$	10,397		$	43,093		$	17,990		$	1,579		$	(74,542	)	$	55,352
Segment assets(2)	$	436,642		$	219,009		$	199,232		$	105,901		$	76,317		$	9,285		$	75,652		$	1,122,038
Capital expenditures	$	35,810		$	16,446		$	36,826		$	4,812		$	6,631		$	—		$	488		$	101,013

(1) Excludes amortization

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

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)
Gain (Loss) on debt extinguishments	—			—			—			—			—			—			15,916			15,916
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		)	(13		)	7			143			1,557			(3,182		)	(3,475		)	(15,931		)
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

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

Assets	December 31, 2016		December 31, 2015
Total assets for reportable segments	$	1,122,038	$	1,103,310
Cash and cash equivalents	162,182		200,714
Other assets	34,689		28,465
Total consolidated assets	$	1,318,909	$	1,332,489

Geographic Information

Long-Lived Assets	December 31, 2016		December 31, 2015
Mexico	$	397,697	$	390,694
United States	338,897		336,210
Bolivia	31,539		35,201
Australia	2,983		5,952
Argentina	10,228		10,871
Other	5,564		9,058
Total	$	786,908	$	787,986

Revenue	Year ended December 31,
	2016		2015		2014
United States	$	423,216	$	376,692	$	260,728
Mexico	142,198		171,911		245,493
Bolivia	93,880		84,679		117,749
Australia	4,128		8,732		10,046
Other	2,355		4,072		1,726
Total	$	665,777	$	646,086	$	635,742

The Company's doré, as well as the concentrate produced by the Wharf mine, is refined into gold and silver bullion according to benchmark standards set by the LBMA, which regulates the acceptable requirements for bullion traded in the London precious metals markets. The Company sells its silver and gold bullion to multi-national banks, bullion trading houses, and refiners across the globe. The Company has eleven trading counterparties at December 31, 2016. The Company's sales of doré and concentrate product produced by the Wharf mine amounted to approximately 77%, 74%, and 63% of total metal sales for the years ended December 31, 2016, 2015, and 2014, respectively. Generally, the loss of a single bullion trading counterparty would not adversely affect the Company due to the liquidity of the markets and 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 and silver recovered from the concentrates. The concentrate was sold to two smelters at December 31, 2016. The Company's sales of concentrate produced by the Kensington mine amounted to approximately 23%, 26%, and 37% of total metal sales for the years ended December 31, 2016, 2015, and 2014, respectively. While the loss of a smelter may have a material adverse effect if alternate smelters are not available or if the failure to engage a new smelter results in a delay in the sale or purchase of Kensington concentrate, 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, 2016, 2015, and 2014 (in millions):

	Year ended December 31,
Customer	2016		2015		2014		Segments reporting revenue
China National Gold	$	126.6	$	126.2	$	86.8	Kensington
Ohio Precious Metals	98.4		37.3		8.3		Palmarejo, San Bartolomé,
Republic Metal Corporation	93.3		47.7		4.0		Palmarejo, San Bartolomé, Wharf
INTL Commodities	76.7		33.1		22.4		Palmarejo, San Bartolomé, Rochester, Wharf
Asahi (formerly Johnson Matthey)	62.6		84.2		71.8		Wharf, Rochester, San Bartolomé
Standard Bank	29.0		34.7		87.5		Palmarejo, Rochester
TD Securities	15.5		81.3		106.7		Palmarejo, Rochester
Mitsui & Co.	—		137.7		133.8		Palmarejo, Rochester