Schedule of significant information relating to reportable operating segments |
| | | | | | | | | | | | | | | | | | | Three months ended September 30, 2021 | | USA | | Canada | | Mexico | | MSC | | Los Azules | | Total | Revenue from gold and silver sales | | $ | 21,683 | | $ | 14,227 | | $ | 1,219 | | $ | — | | $ | — | | $ | 37,129 | Production costs applicable to sales | | | (18,753) | | | (9,635) | | | (2,372) | | | — | | | — | | | (30,760) | Depreciation and depletion | | | (2,140) | | | (3,885) | | | — | | | — | | | — | | | (6,025) | Gross profit (loss) | | | 790 | | | 707 | | | (1,153) | | | — | | | — | | | 344 | | | | | | | | | | | | | | | | | | | | Advanced projects | | | (234) | | | (871) | | | (1,872) | | | — | | | (1,036) | | | (4,013) | Exploration | | | (1,432) | | | (4,817) | | | 4 | | | — | | | — | | | (6,245) | Loss from investment in Minera Santa Cruz S.A. | | | — | | | — | | | — | | | (2,650) | | | — | | | (2,650) | Other operating | | | — | | | — | | | — | | | — | | | — | | | — | Segment (loss) | | $ | (876) | | $ | (4,981) | | $ | (3,021) | | $ | (2,650) | | $ | (1,036) | | $ | (12,564) | General and Administrative and other | | | — | | | — | | | — | | | — | | | — | | | (5,678) | Loss before income and mining taxes | | | — | | | — | | | — | | | — | | | — | | $ | (18,242) | | | | | | | | | | | | | | | | | | | | Capital expenditures | | $ | 353 | | | 10,775 | | | — | | | — | | | — | | $ | 11,128 |
| | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2021 | | USA | | | Canada | | Mexico | | MSC | | Los Azules | | Total | Revenue from gold and silver sales | | $ | 60,919 | | $ | 34,966 | | $ | 5,690 | | $ | — | | $ | — | | $ | 101,575 | Production costs applicable to sales | | | (53,376) | | | (22,622) | | | (9,483) | | | — | | | — | | | (85,481) | Depreciation and depletion | | | (6,208) | | | (10,469) | | | — | | | — | | | — | | | (16,677) | Gross profit (loss) | | | 1,335 | | | 1,875 | | | (3,793) | | | — | | | — | | | (583) | | | | | | | | | | | | | | | | | | | | Advanced projects | | | (203) | | | (2,058) | | | (3,338) | | | — | | $ | (1,036) | | | (6,635) | Exploration | | | (3,887) | | | (12,532) | | | (14) | | | — | | | (1,684) | | | (18,117) | Impairment of mineral property interests and plant and equipment (Note 8) | | | — | | | — | | | — | | | — | | | — | | | — | Loss from investment in Minera Santa Cruz S.A. | | | — | | | — | | | — | | | (5,077) | | | — | | | (5,077) | Other operating | | | — | | | — | | | — | | | — | | | — | | | — | Segment loss | | $ | (2,755) | | $ | (12,715) | | $ | (7,145) | | $ | (5,077) | | $ | (2,720) | | $ | (30,412) | General and Administrative and other | | | — | | | — | | | — | | | — | | | — | | | (9,322) | Loss before income and mining taxes | | | — | | | — | | | — | | | — | | | — | | $ | (39,734) | | | | | | | | | | | | | | | | | | | | Capital expenditures | | $ | 1,110 | | $ | 20,342 | | $ | — | | $ | — | | $ | — | | $ | 21,452 |
| | | | | | | | | | | | | | | | | | | Three months ended September 30, 2020 | | USA | | Canada | | Mexico | | MSC | | Los Azules | | Total | Revenue from gold and silver sales | | $ | 13,042 | | $ | 10,352 | | $ | 4,001 | | $ | — | | $ | — | | $ | 27,395 | Production costs applicable to sales | | | (10,791) | | | (8,874) | | | (3,861) | | | — | | | — | | | (23,526) | Depreciation and depletion | | | (2,099) | | | (2,404) | | | (67) | | | — | | | — | | | (4,570) | Gross (loss) profit | | | 152 | | | (926) | | | 73 | | | — | | | — | | | (701) | | | | | | | | | | | | | | | | | | | | Advanced projects | | | (240) | | | (2,784) | | | (1,003) | | | — | | | — | | | (4,027) | Exploration | | | (2,395) | | | (1,189) | | | (427) | | | — | | | (412) | | | (4,423) | Loss from investment in Minera Santa Cruz S.A. | | | — | | | — | | | — | | | 2,582 | | | — | | | 2,582 | Segment loss | | $ | (2,483) | | $ | (4,899) | | $ | (1,357) | | $ | 2,582 | | $ | (412) | | $ | (6,569) | General and Administrative and other | | | — | | | — | | | — | | | — | | | — | | | (3,361) | Loss before income and mining taxes | | | — | | | — | | | — | | | — | | | — | | $ | (9,930) | | | | | | | | | | | | | | | | | | | | Capital expenditures | | $ | 106 | | $ | 488 | | $ | — | | $ | — | | $ | — | | $ | 594 |
| | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2020 | | USA | | Canada | | Mexico | | MSC | | Los Azules | | Total | Revenue from gold and silver sales | | $ | 38,129 | | $ | 27,257 | | $ | 11,700 | | $ | — | | $ | — | | $ | 77,086 | Production costs applicable to sales | | | (38,863) | | | (24,231) | | | (11,173) | | | — | | | — | | | (74,267) | Depreciation and depletion | | | (8,527) | | | (7,336) | | | (217) | | | — | | | — | | | (16,080) | Gross (loss) profit | | | (9,261) | | | (4,310) | | | 310 | | | — | | | — | | | (13,261) | | | | | | | | | | | | | | | | | | | | Advanced projects | | | (789) | | | (5,609) | | | (3,066) | | | — | | | — | | | (9,464) | Exploration | | | (5,235) | | | (4,434) | | | (463) | | | — | | | (1,629) | | | (11,761) | Impairment of mineral property interests and plant and equipment (Note 8) | | | (83,805) | | | — | | | — | | | — | | | — | | | (83,805) | Loss from investment in Minera Santa Cruz S.A. | | | — | | | — | | | — | | | (1,139) | | | — | | | (1,139) | Other operating | | | (1,390) | | | (578) | | | — | | | — | | | — | | | (1,968) | Segment loss | | $ | (100,480) | | $ | (14,931) | | $ | (3,219) | | $ | (1,139) | | $ | (1,629) | | $ | (121,398) | General and Administrative and other | | | — | | | — | | | — | | | — | | | — | | | (8,661) | Loss before income and mining taxes | | | — | | | — | | | — | | | — | | | — | | $ | (130,059) | | | | | | | | | | | | | | | | | | | | Capital expenditures | | $ | 4,712 | | $ | 4,428 | | $ | — | | $ | — | | $ | — | | $ | 9,140 |
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Schedule of geographic information |
Geographic Information Geographic information includes the long-lived asset balances and revenues presented for the Company’s operating segments, as follows: | | | | | | | | | | | | | | | | | | | | | Long-lived Assets | | Revenue (1) | | Revenue (1) | | | September 30, | | December 31, | | Three months ended September 30, | | Nine months ended September 30, | | | 2021 | | 2020 | | 2021 | | 2020 | | 2021 | | 2020 | USA | | $ | 43,176 | | $ | 46,801 | | $ | 21,683 | | $ | 13,042 | | $ | 60,919 | | $ | 38,129 | Canada | | | 97,187 | | | 78,986 | | | 14,227 | | | 10,352 | | | 34,966 | | | 27,257 | Mexico | | | 20,018 | | | 20,021 | | | 1,219 | | | 4,001 | | | 5,690 | | | 11,700 | Argentina (2) | | | 287,268 | | | 299,816 | | | — | | | — | | | — | | | — | Total consolidated | | $ | 447,649 | | $ | 445,624 | | $ | 37,129 | | $ | 27,395 | | $ | 101,575 | | $ | 77,086 |
(1) | Presented based on the location from which the precious metals originated. |
(2) | Includes Investment in MSC of $95.7 million as of September 30, 2021 (December 31, 2020 – $108.3 million). |
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