Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

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


Three Months Ended September 30, 2021	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	33,237	$	9,923	$	51,881	$	52,689	$	—	$	—	$	147,730
Silver sales	41,410		18,402		—		427		—		—		60,239


Metal sales	74,647		28,325		51,881		53,116		—		—		207,969
Costs and Expenses
Costs applicable to sales(1)	39,016		31,669		34,576		29,079		—		—		134,340
Amortization	8,747		4,671		12,786		3,158		1,258		342		30,962
Exploration	2,777		2,394		2,681		—		4,592		2,947		15,391

Other operating expenses	855		1,433		515		539		6,090		9,817		19,249
Other income (expense)

Fair value adjustments, net	—		—		—		—		—		(26,440)		(26,440)
Interest expense, net	(135)		(149)		(194)		(39)		396		(3,116)		(3,237)
Other, net(3)	(26,868)		(99)		(62)		460		(124)		(25)		(26,718)
Income and mining tax (expense) benefit	(10,702)		1,108		(65)		(2,014)		—		5,273		(6,400)
Net Income (loss)	$	(14,453)	$	(10,982)	$	1,002	$	18,747	$	(11,668)	$	(37,414)	$	(54,768)

Segment assets(2)	$	285,277	$	496,940	$	149,774	$	73,019	$	209,498	$	112,836	$	1,327,344
Capital expenditures	$	8,506	$	40,056	$	6,272	$	1,045	$	15,099	$	288	$	71,266

(1) Excludes amortization

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

(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail


Three months ended September 30, 2020	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	39,416	$	12,860	$	52,357	$	62,499	$	—	$	—	$	167,132
Silver sales	42,339		19,250		—		1,007		—		—		62,596
Zinc sales	—		—		—		—		—		—		—
Lead sales	—		—		—		—		—		—		—
Metal sales	81,755		32,110		52,357		63,506		—		—		229,728
Costs and Expenses
Costs applicable to sales(1)	34,251		19,104		31,530		27,887		—		—		112,772
Amortization	11,912		3,278		11,523		4,000		1,185		318		32,216
Exploration	1,978		465		3,397		534		3,920		2,524		12,818

Other operating expenses	2,378		1,376		3,448		127		5,916		9,543		22,788
Other income (expense)

Fair value adjustments, net	—		—		—		—		—		2,243		2,243
Interest expense, net	(201)		(283)		(296)		(48)		(124)		(4,144)		(5,096)
Other, net(3)	(1,168)		(2,502)		(34)		7		451		(3,066)		(6,312)
Income and mining tax (expense) benefit	(6,841)		(143)		(380)		(2,630)		21		(3,140)		(13,113)
Income (loss) from continuing operations	$	23,026	$	4,959	$	1,749	$	28,287	$	(10,673)	$	(20,492)	$	26,856

Segment assets(2)	$	302,599	$	325,165	$	177,700	$	76,247	$	155,932	$	170,208	$	1,207,851
Capital expenditures	$	4,998	$	9,773	$	5,333	$	545	$	2,065	$	282	$	22,996

(1) Excludes amortization

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

(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail


Nine Months Ended September 30, 2021	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	112,036	$	36,389	$	155,154	$	128,631	$	—	$	—	$	432,210
Silver sales	127,990		62,778		—		1,966		—		—		192,734


Metal sales	240,026		99,167		155,154		130,597		—		—		624,944
Costs and Expenses
Costs applicable to sales(1)	114,922		93,733		95,173		71,254		—		—		375,082
Amortization	26,077		14,754		38,941		8,627		3,529		944		92,872
Exploration	6,304		3,802		5,095		143		11,119		11,040		37,503

Other operating expenses	3,578		4,325		5,783		1,249		18,609		34,176		67,720
Other income (expense)
Loss on debt extinguishment	—		—		—		—		—		(9,173)		(9,173)
Fair value adjustments, net	—		—		—		—		—		7,000		7,000
Interest expense, net	(471)		(851)		(568)		(122)		622		(11,850)		(13,240)
Other, net(3)	(27,904)		(252)		(104)		1,112		(463)		5,221		(22,390)
Income and mining tax (expense) benefit	(29,601)		937		(1,106)		(4,437)		—		(319)		(34,526)
Net Income (loss)	$	31,169	$	(17,613)	$	8,384	$	45,877	$	(33,098)	$	(55,281)	$	(20,562)

Segment assets(2)	$	285,277	$	496,940	$	149,774	$	73,019	$	209,498	$	112,836	$	1,327,344
Capital expenditures	$	28,284	$	112,505	$	19,519	$	3,928	$	44,011	$	666	$	208,913

(1) Excludes amortization

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

(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail


Nine months ended September 30, 2020	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	104,732	$	30,508	$	159,200	$	128,199	$	—	$	—	$	422,639
Silver sales	89,332		41,650		—		1,640		1,230		—		133,852
Zinc sales	—		—		—		—		(662)		—		(662)
Lead sales	—		—		—		—		1,315		—		1,315
Metal sales	194,064		72,158		159,200		129,839		1,883		—		557,144
Costs and Expenses
Costs applicable to sales(1)	89,050		54,396		92,419		68,182		17,657		—		321,704
Amortization	32,357		9,194		36,298		9,625		7,761		1,019		96,254
Exploration	4,373		2,529		7,746		639		7,073		8,699		31,059

Other operating expenses	6,279		3,835		7,298		451		17,770		29,921		65,554
Other income (expense)

Fair value adjustments, net	—		—		—		—		—		3,491		3,491
Interest expense, net	(667)		(851)		(819)		(149)		(603)		(12,900)		(15,989)
Other, net(3)	(2,866)		(2,580)		1		(12)		2,005		(858)		(4,310)
Income and mining tax (expense) benefit	(7,938)		(186)		(854)		(4,806)		(234)		2,000		(12,018)
Income (loss) from continuing operations	$	50,534	$	(1,413)	$	13,767	$	45,975	$	(47,210)	$	(47,906)	$	13,747

Segment assets(2)	$	302,599	$	325,165	$	177,700	$	76,247	$	155,932	$	170,208	$	1,207,851
Capital expenditures	$	16,611	$	20,634	$	14,050	$	1,219	$	8,630	$	742	$	61,886

(1) Excludes amortization

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

(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail



Assets	September 30, 2021		December 31, 2020
Total assets for reportable segments	$	1,327,344	$	1,232,153
Cash and cash equivalents	85,020		92,794
Other assets	261,669		79,030
Total consolidated assets	$	1,674,033	$	1,403,977

Geographic Information


Revenue	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
United States	$	133,322	$	147,973	$	384,918	$	361,197
Mexico	74,647		81,755		240,026		194,064
Canada	—		—		—		1,883
Total	207,969		$	229,728	$	624,944	$	557,144