Segment Information

3 Months Ended

Mar. 31, 2021

21. Segment Information

The Company’s sole activity is the mining, construction and exploration of mineral properties containing precious metals. The Company’s reportable segments are based upon the Company’s revenue producing activities and cash consuming activities. The Company reports two segments, one for its revenue producing activities in Mexico, which includes both the Velardeña Properties and the Rodeo Property, and the other comprised of non-revenue producing activities, including exploration, construction and general and administrative activities. Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance.

The financial information relating to the Company’s segments is as follows:



							Exploration, El
			Costs		Depreciation,		Quevar, Velardeña
Three Months Ended			Applicable		Depletion and		and Administrative		Pre-Tax (gain)				Capital
March 31, 2021	Revenue		to Sales		Amortization		Expense		loss		Total Assets		Expenditures
Mexico Operations	$	1,778	$	1,536	$	109	$	659	$	452	$	7,917	$	541
Corporate, Exploration and Other		—		—		46		1,975		2,778		10,908		5
	$	1,778	$	1,536	$	155	$	2,634	$	3,230	$	18,825	$	546
Three Months Ended
March 31, 2020
Velardeña Properties	$	1,196	$	564	$	204	$	657	$	371	$	4,663	$	1
Corporate, Exploration and Other		—		—		75		2,848		2,965		5,572		—
	$	1,196	$	564	$	279	$	3,505	$	3,336	$	10,235	$	1