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Segment Reporting
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s operating segments include the Palmarejo, Rochester, Kensington, Wharf and Silvertip mines. Except for the Silvertip mine, all operating segments are engaged in the discovery, mining, and production of gold and/or silver. The Silvertip mine, which temporarily suspended mining and processing activities in February 2020, is engaged in the discovery, mining, and production of silver, zinc and lead. Other includes the Sterling/Crown and La Preciosa projects, other mineral interests, strategic equity investments, corporate office, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts.
In June 2021, Silvertip repurchased from Silvertip Resources Investment Cayman Ltd. for consideration of $7.0 million a net smelter returns royalty of 1.429% on the first 1,434,000 metric tonnes of mineralized material mined, and 1.00% thereafter.
The 2019 novel strain of coronavirus causing a contagious respiratory disease known as COVID-19, which was declared a pandemic by the World Health Organization on March 11, 2020, poses a material risk to Coeur’s business and operations and the Company expects costs associated with its COVID-19 mitigation and response efforts at each of its operations to continue.
Incremental costs associated with the Company’s COVID-19 health and safety protocols are recorded in Pre-development, reclamation, and other expenses in our Consolidated Statement of Comprehensive Income (Loss) and are included in Other operating expenses in the table below. Because of the highly uncertain and dynamic nature of events relating to the COVID-19 pandemic, it is not currently possible to estimate the impact of the pandemic on the Company’s operating segments. However, these effects could have a material impact on our operations, and Coeur will continue to monitor the COVID-19 situation closely.
Financial information relating to the Company’s segments is as follows (in thousands):
Three Months Ended June 30, 2021PalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$41,232 $14,026 $48,807 $42,093 $— $— $146,158 
Silver sales43,802 24,059 — 839 — — 68,700 
Metal sales85,034 38,085 48,807 42,932 — — 214,858 
Costs and Expenses
Costs applicable to sales(1)
41,918 38,031 29,203 23,443 — — 132,595 
Amortization8,271 6,506 12,710 2,994 1,185 307 31,973 
Exploration1,834 936 1,305 76 3,595 4,700 12,446 
Other operating expenses1,453 1,444 2,273 525 5,964 11,546 23,205 
Other income (expense)
Fair value adjustments, net— — — — — 37,239 37,239 
Interest expense, net(149)(480)(142)(46)181 (4,457)(5,093)
Other, net(371)(92)(42)628 (237)815 701 
Income and mining tax (expense) benefit(7,559)(33)(707)(1,294)— (5,747)(15,340)
Net Income (loss) $23,479 $(9,437)$2,425 $15,182 $(10,800)$11,297 $32,146 
Segment assets(2)
$307,287 $435,257 $158,456 $77,436 $189,489 $171,517 $1,339,442 
Capital expenditures$9,795 $42,272 $6,045 $1,402 $18,525 $184 $78,223 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Three months ended June 30, 2020PalmarejoRochesterKensingtonWharfSilvertipOtherTotal
Revenue
Gold sales$23,669 $8,982 $55,177 $40,074 $— $— $127,902 
Silver sales14,301 11,661 — 385 — — 26,347 
Zinc sales— — — — — — — 
Lead sales— — — — — — — 
Metal sales37,970 20,643 55,177 40,459 — — 154,249 
Costs and Expenses
Costs applicable to sales(1)
18,825 18,336 30,382 22,472 — — 90,015 
Amortization7,270 3,012 12,853 3,181 1,231 329 27,876 
Exploration903 1,844 2,577 101 2,902 3,528 11,855 
Other operating expenses3,179 1,213 3,519 (118)9,480 10,018 27,291 
Other income (expense)
Fair value adjustments, net— — — — — 10,067 10,067 
Interest expense, net(311)(300)(214)(50)(220)(4,670)(5,765)
Other, net(1,651)(25)(36)(6)424 1,415 121 
Income and mining tax (expense) benefit(3,384)— (474)(1,701)(255)2,970 (2,844)
Income (loss) from continuing operations$2,447 $(4,087)$5,122 $13,066 $(13,664)$(4,093)$(1,209)
Segment assets(2)
$307,215 $307,221 $180,290 $84,881 $159,995 $169,273 $1,208,875 
Capital expenditures$4,533 $5,803 $3,909 $265 $1,949 $223 $16,682 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Six Months Ended June 30, 2021PalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$78,799 $26,466 $103,273 $75,942 $— $— $284,480 
Silver sales86,580 44,376 — 1,539 — — 132,495 
Metal sales165,379 70,842 103,273 77,481 — — 416,975 
Costs and Expenses
Costs applicable to sales(1)
75,906 62,064 60,597 42,175 — — 240,742 
Amortization17,330 10,083 26,155 5,469 2,271 602 61,910 
Exploration3,527 1,408 2,414 143 6,527 8,093 22,112 
Other operating expenses2,723 2,892 5,268 710 12,519 24,359 48,471 
Other income (expense)
Loss on debt extinguishment— — — — — (9,173)(9,173)
Fair value adjustments, net— — — — — 33,440 33,440 
Interest expense, net(336)(702)(374)(83)226 (8,734)(10,003)
Other, net(1,036)(153)(42)652 (339)5,246 4,328 
Income and mining tax (expense) benefit(18,899)(171)(1,041)(2,423)— (5,592)(28,126)
Net Income (loss) $45,622 $(6,631)$7,382 $27,130 $(21,430)$(17,867)$34,206 
Segment assets(2)
$307,287 $435,257 $158,456 $77,436 $189,489 $171,517 $1,339,442 
Capital expenditures$19,778 $72,449 $13,247 $2,883 $28,912 $378 $137,647 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests




Six Months Ended June 30, 2020PalmarejoRochesterKensingtonWharfSilvertipOtherTotal
Revenue
Gold sales$65,316 $17,648 $106,843 $65,700 $— $— $255,507 
Silver sales46,993 22,400 — 633 1,230 $— 71,256 
Zinc sales— — — — (662)— (662)
Lead sales— — — — 1,315 — 1,315 
Metal sales112,309 40,048 106,843 66,333 1,883 — 327,416 
Costs and Expenses
Costs applicable to sales(1)
54,799 35,292 60,889 40,295 17,657 — 208,932 
Amortization20,445 5,916 24,775 5,625 6,576 701 64,038 
Exploration2,395 2,064 4,349 105 3,153 6,175 18,241 
Other operating expenses3,901 2,459 3,850 324 11,854 20,378 42,766 
Other income (expense)
Fair value adjustments, net— — — — — 1,248 1,248 
Interest expense, net(466)(568)(523)(101)(479)(8,756)(10,893)
Other, net(1,698)(78)35 (19)1,554 2,208 2,002 
Income and mining tax (expense) benefit(1,097)(43)(474)(2,176)(255)5,140 1,095 
Net Income (loss) $27,508 $(6,372)$12,018 $17,688 $(36,537)$(27,414)$(13,109)
Segment assets(2)
$307,215 $307,221 $180,290 $84,881 159,995 $169,273 $1,208,875 
Capital expenditures$11,613 $10,861 $8,717 $674 6,565 $460 $38,890 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests


Assets June 30, 2021December 31, 2020
Total assets for reportable segments$1,339,442 $1,232,153 
Cash and cash equivalents124,075 92,794 
Other assets244,491 79,030 
Total consolidated assets$1,708,008 $1,403,977 

Geographic Information
Long-Lived Assets June 30, 2021December 31, 2020
United States$579,603 $503,818 
Mexico297,390 293,436 
Canada182,133 149,018 
Other127 657 
Total$1,059,253 $946,929 
RevenueThree months ended June 30,Six months ended June 30,
2021202020212020
United States$129,824 $116,279 $251,596 $213,224 
Mexico85,034 37,970 165,379 112,309 
Canada— — — 1,883 
Total214,858 $154,249 $416,975 $327,416