Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

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



Three months ended September 30, 2019	Palmarejo			Rochester			Kensington			Wharf			Silvertip			Other			Total
Revenue
Gold sales	$	41,547		$	11,290		$	52,636		$	36,398		$	—		$	—		$	141,871
Silver sales	29,790			16,191			—			293			5,307			—			51,581
Zinc sales	—			—			—			—			2,046			—			2,046
Lead sales	—			—			—			—			3,971			—			3,971
Metal sales	71,337			27,481			52,636			36,691			11,324			—			199,469
Costs and Expenses
Costs applicable to sales⁽¹⁾	37,397			27,749			29,533			22,084			24,189			—			140,952
Amortization	15,840			4,250			13,552			3,301			8,268			467			45,678
Exploration	1,608			145			1,465			102			828			1,745			5,893
Other operating expenses	1,327			1,210			281			698			254			10,716			14,486
Other income (expense)
Loss on debt extinguishment	—			—			—			—			—			(1,282		)	(1,282		)
Fair value adjustments, net	—			—			—			—			—			4,377			4,377
Interest expense, net	(74		)	(287		)	(453		)	(26		)	(410		)	(4,730		)	(5,980		)
Other, net	(2,535		)	(368		)	(99		)	(151		)	(190		)	(291		)	(3,634		)
Income and mining tax (expense) benefit	(1,630		)	(2,067		)	—			(1,672		)	916			4,235			(218		)
Income (loss) from continuing operations	$	10,926		$	(8,595	)	$	7,253		$	8,657		$	(21,899	)	$	(10,619	)	$	(14,277	)
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Segment assets⁽²⁾	$	342,274		$	283,229		$	204,926		$	99,600		$	417,678		$	172,735		$	1,520,442
Capital expenditures	$	7,818		$	10,248		$	4,944		$	759		$	6,359		$	550		$	30,678

(1) Excludes amortization

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



Three months ended September 30, 2018	Palmarejo			Rochester			Kensington			Wharf			Silvertip			Other			Total
Revenue
Gold sales	$	32,268		$	17,171		$	29,771		$	23,816		$	—		$	—		$	103,026
Silver sales	23,188			18,353			—			177			1,330			—			43,048
Zinc sales	—			—			—			—			1,673			—			1,673
Lead sales	—			—			—			—			1,048			—			1,048
Metal sales	$	55,456		$	35,524		$	29,771		$	23,993		$	4,051		$	—		$	148,795
Costs and Expenses
Costs applicable to sales⁽¹⁾	31,554			27,548			28,241			17,979			11,535			—			116,857
Amortization	14,794			5,294			6,912			2,878			1,073			233			31,184
Exploration	3,195			51			1,640			63			2,333			875			8,157
Other operating expenses	771			4,362			333			699			148			9,537			15,850
Other income (expense)
Fair value adjustments, net	—			—			—			—			—			715			715
Interest expense, net	(842		)	(115		)	(248		)	(9		)	166			(4,770		)	(5,818		)
Other, net	(1,010		)	278			(34		)	(422		)	(447		)	(19,268		)	(20,903		)
Income and mining tax (expense) benefit	(6,461		)	(83		)	—			(334		)	4,320			(1,227		)	(3,785		)
Income (loss) from continuing operations	$	(3,171	)	$	(1,651	)	$	(7,637	)	$	1,609		$	(6,999	)	$	(35,195	)	$	(53,044	)
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Segment assets⁽²⁾	$	368,257		$	252,291		$	225,161		$	98,978		405,334			$	79,079		$	1,429,100
Capital expenditures	$	4,686		$	3,582		$	11,960		$	1,176		17,949			$	119		$	39,472

(1) Excludes amortization

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



Nine months ended September 30, 2019	Palmarejo			Rochester			Kensington			Wharf			Silvertip			Other			Total
Revenue
Gold sales	$	107,063		$	33,538		$	138,083		$	80,277		$	—		$	—		$	358,961
Silver sales	76,821			45,765			—			699			13,373			—			136,658
Zinc sales	—			—			—			—			10,284			—			10,284
Lead sales	—			—			—			—			10,559			—			10,559
Metal sales	183,884			79,303			138,083			80,976			34,216			—			516,462
Costs and Expenses
Costs applicable to sales⁽¹⁾	107,137			74,896			90,841			54,942			76,734			—			404,550
Amortization	44,580			12,250			37,816			8,207			26,572			1,333			130,758
Exploration	3,758			331			3,970			102			1,559			5,606			15,326
Other operating expenses	3,798			3,518			962			2,115			881			29,204			40,478
Other income (expense)
Loss on debt extinguishment	—			—			—			—			—			(1,282		)	(1,282		)
Fair value adjustments, net	—			—			—			—			—			8,201			8,201
Interest expense, net	(322		)	(599		)	(992		)	(75		)	(997		)	(16,274		)	(19,259		)
Other, net	(4,149		)	(352		)	(102		)	174			(411		)	1,909			(2,931		)
Income and mining tax (expense) benefit	(684		)	(2,737		)	—			(2,149		)	18,256			1,300			13,986
Income (loss) from continuing operations	$	19,456		$	(15,380	)	$	3,400		$	13,560		$	(54,682	)	$	(42,289	)	$	(75,935	)
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	—		$	5,693		$	5,693
Segment assets⁽²⁾	$	342,274		$	283,229		$	204,926		$	99,600		$	417,678		$	172,735		$	1,520,442
Capital expenditures	$	24,060		$	17,665		$	19,175		$	1,361		$	15,456		$	1,148		$	78,865

(1) Excludes amortization

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



Nine months ended September 30, 2018	Palmarejo			Rochester			Kensington			Wharf			Silvertip			Other			Total
Revenue
Gold sales	$	104,595		$	47,626		$	101,806		$	76,686		—			$	—		$	330,713
Silver sales	91,642			55,063			—			580			1,330			—			148,615
Zinc sales	—			—			—			—			1,673			—			1,673
Lead sales	—			—			—			—			1,048			—			1,048
Metal sales	196,237			102,689			101,806			77,266			4,051			—			482,049
Costs and Expenses
Costs applicable to sales⁽¹⁾	92,960			76,304			91,098			52,546			11,535			—			324,443
Amortization	45,752			14,918			20,070			8,888			1,073			719			91,420
Exploration	10,363			296			4,625			73			2,439			3,473			21,269
Other operating expenses	2,252			6,149			981			2,052			173			28,542			40,149
Other income (expense)
Fair value adjustments, net	—			—			—			—			—			2,907			2,907
Interest expense, net	(1,108		)	(338		)	(722		)	(32		)	(490		)	(15,111		)	(17,801		)
Other, net	(2,399		)	704			(104		)	(379		)	(25		)	(17,643		)	(19,846		)
Income and mining tax (expense) benefit	(22,550		)	(917		)	—			(2,009		)	6,098			(73		)	(19,451		)
Income (loss) from continuing operations	$	18,853		$	4,471		$	(15,794	)	$	11,287		$	(5,586	)	$	(62,654	)	$	(49,423	)
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		—			$	550		$	550
Segment assets⁽²⁾	$	368,257		$	252,291		$	225,161		$	98,978		405,334			$	79,079		$	1,429,100
Capital expenditures	$	23,458		$	6,884		$	34,032		$	2,682		55,623			$	303		$	122,982

(1) Excludes amortization

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



Assets	September 30, 2019		December 31, 2018
Total assets for reportable segments	$	1,520,442	$	1,550,671
Cash and cash equivalents	65,319		115,081
Other assets	103,856		46,748
Total consolidated assets	$	1,689,617	$	1,712,500



Assets	September 30, 2019		December 31, 2018
Total assets for reportable segments	$	1,520,442	$	1,550,671
Cash and cash equivalents	65,319		115,081
Other assets	103,856		46,748
Total consolidated assets	$	1,689,617	$	1,712,500

Geographic Information



Revenue	Three months ended September 30,				Nine months ended September 30,
Revenue	2019		2018		2019		2018
United States	$	116,808	$	89,289	$	298,362	$	281,762
Mexico	71,337		55,455		183,884		196,236
Canada	11,324		4,051		34,216		4,051
Total	$	199,469	$	148,795	$	516,462	$	482,049