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OPERATING SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2021
OPERATING SEGMENT REPORTING  
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

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).