Segmented Information

12 Months Ended

Dec. 31, 2019

22.	SEGMENTED INFORMATION


	Mesquite			Aurizona			Castle Mountain			Other (1)			Corporate (2)			Total

Year ended December 31, 2019

Revenues	$	178,175		$	103,522		$	-		$	-		$	-		$	281,697
Operating expenses		(108,573	)		(50,625	)		-			-			-			(159,198	)
Depreciation and depletion		(16,764	)		(21,881	)		-			-			-			(38,645	)
Earnings from mine operations		52,838			31,016			-			-			-			83,854
Exploration		-			(2,028	)		(4,723	)		(2,003	)		-			(8,754	)
General and administration		-			-			-			(1,115	)		(18,861	)		(19,976	)
Earnings (loss) from operations		52,838			28,988			(4,723	)		(3,118	)		(18,861	)		55,124
Finance expense		(385	)		(552	)		(49	)		-			(16,551	)		(17,537	)
Finance income		17			184			4			28			1,717			1,950
Other income (expense)		(1,756	)		(4,179	)		-			-			(46,788	)		(52,723	)
Income (loss) before taxes		50,714			24,441			(4,768	)		(3,090	)		(80,483	)		(13,186	)
Tax recovery (expense)		(6,713	)		(2,970	)		-			135			2,410			(7,138	)

Net income (loss)	$	44,001		$	21,471		$	(4,768	)	$	(2,955	)	$	(78,073	)	$	(20,324	)

(1)

Includes results of Solaris and Gold Mountain until respective deconsolidation and disposal.

(2)

Includes equity loss from Solaris from the date of deconsolidation.


	Mesquite			Aurizona			Castle Mountain			Other			Corporate			Total

Year ended December 31, 2018

Revenues	$	30,159		$	-		$	-		$	-		$	-		$	30,159
Operating expenses		(19,028	)		-			-			-			-			(19,028	)
Depreciation and depletion		(4,201	)		-			-			-			-			(4,201	)
Earnings from mine operations		6,930			-			-			-			-			6,930
Impairment		-			(3,360	)		-			(9,923	)		-			(13,283	)
Exploration		(2	)		(1,531	)		(8,176	)		(2,523	)		-			(12,232	)
General and administration		-			-			-			(313	)		(16,148	)		(16,461	)
Earnings (loss) from operations		6,928			(4,891	)		(8,176	)		(12,759	)		(16,148	)		(35,046	)
Finance expense		(1,911	)		(300	)		(120	)		-			(4,367	)		(6,698	)
Finance income		-			2,525			-			6			1,905			4,436
Other income (expense)		102			(13,974	)		4			75			14,031			238
Income (loss) before taxes		5,119			(16,640	)		(8,292	)		(12,678	)		(4,579	)		(37,070	)
Tax expense		(448	)		(1,588	)		-			(299	)		-			(2,335	)
Net income (loss) from continuing operations	$	4,671		$	(18,228	)	$	(8,292	)	$	(12,977	)	$	(4,579	)	$	(39,405	)


	Total assets				Total liabilities
	December 31,				December 31,
	2019		2018		2019			2018
Mesquite	$	247,797	$	210,371	$	(135,192	)	$	(162,724	)
Aurizona		380,641		321,223		(55,625	)		(111,165	)
Castle Mountain		158,127		134,843		(11,231	)		(2,466	)
Other		-		25,715		-			(416	)
Corporate		52,785		49,721		(234,243	)		(55,804	)

	$	839,350	$	741,873	$	(436,291	)	$	(332,575	)

The Company has only one revenue stream, being the sale of gold doré. All revenue is attributable to the sale of doré from Mesquite in the United States and Aurizona in Brazil to one customer. Information about the Company’s

non-current

assets by jurisdiction is detailed below:


	December 31, 2019		December 31, 2018
United States	$	347,784	$	280,248
Brazil		310,241		294,343
Canada		32,669		19,781
Mexico		-		19,460
Other		-		450

	$	690,694	$	614,282