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Segment Reporting
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision-making group is comprised of the Chief Executive Officer, Chief Financial Officer, and the Chief Operating Officer.
The operating segments are managed separately because each segment represents a distinct use of company resources and a separate contribution to the Company’s cash flows. The Company’s reportable operating segments include the Palmarejo, San Bartolomé, Martha, Rochester, Kensington and Endeavor mining properties. All operating segments are engaged in the discovery and/or mining of gold and silver and generate the majority of their revenues from the sale of these precious metal concentrates and/or refined precious metals. Through September 2012, the Martha mine sold precious metal concentrates, typically under long-term contracts, to trading partners located in the United States and Switzerland. The Company ceased active mining in September of 2012. The Kensington mine sells precious metals and concentrates, typically under long-term contracts to smelters in China and Germany. Refined gold and silver produced by the Rochester, Palmarejo, and San Bartolomé mines are principally sold on a spot basis to precious metals trading banks such as International Commodities, Mitsui, Mitsubishi, Standard Bank, TD Securities, Valcambi and Auramet. Concentrates produced at the Endeavor mine are sold to Nyrstar (formerly Zinifex), an Australian smelter. The Other segment includes the Joaquin project, corporate headquarters, elimination of intersegment transactions and other items necessary to reconcile to consolidated amounts. The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies above. The Company evaluates performance and allocates resources based on profit or loss before interest, income taxes, depreciation and amortization, unusual and infrequent items and extraordinary items.    
Revenues from silver sales were $549.7 million, $662.6 million and $356.9 million in 2012, 2011, and 2010, respectively. Revenues from gold sales were $345.8 million, $358.6 million and $158.5 million in 2012, 2011, and 2010, respectively.
Financial information relating to the Company’s segments is as follows (in thousands):
Year ended December 31, 2012
Palmarejo
Mine
 
San Bartolomé
Mine
 
Kensington
Mine
 
Rochester
Mine
 
Martha
Mine
 
Endeavor
Mine
 
Other
 
Total
Sales of metals
$
442,098

 
$
178,005

 
$
110,987

 
$
132,392

 
$
13,162

 
$
18,848

 
$
—

 
$
895,492

Productions costs applicable to sales
(197,478
)
 
(71,428
)
 
(87,089
)
 
(74,256
)
 
(17,682
)
 
(8,824
)
 
—

 
(456,757
)
Depreciation and depletion
(146,595
)
 
(16,709
)
 
(41,645
)
 
(8,065
)
 
(692
)
 
(4,591
)
 
(560
)
 
(218,857
)
Gross profit (loss)
98,025

 
89,868

 
(17,747
)
 
50,071

 
(5,212
)
 
5,433

 
(560
)
 
219,878

Exploration expense
7,575

 
159

 
3,283

 
3,591

 
8,648

 
—

 
3,014

 
26,270

Loss on impairment
—

 
—

 
—

 
—

 
5,825

 
—

 
—

 
5,825

Other operating expenses
11

 
80

 
74

 
1,401

 
2,108

 
—

 
30,564

 
34,238

OPERATING INCOME (LOSS)
90,439

 
89,629

 
(21,104
)
 
45,079

 
(21,793
)
 
5,433

 
(34,138
)
 
153,545

Interest and other income, net
4,017

 
9,719

 
(77
)
 
358

 
(1,153
)
 
—

 
1,572

 
14,436

Interest expense, net
(18,938
)
 
(72
)
 
(2,972
)
 
(26
)
 
(3
)
 
—

 
(4,158
)
 
(26,169
)
Loss on debt extinguishment
—

 
—

 
(1,036
)
 
—

 
—

 
—

 
—

 
(1,036
)
Fair value adjustments, net
(31,054
)
 
—

 
4,089

 
—

 
—

 
—

 
3,478

 
(23,487
)
Income tax expense
(18,066
)
 
(44,632
)
 
—

 
—

 
976

 
409

 
(7,299
)
 
(68,612
)
Net income (loss)
$
26,398

 
$
54,644

 
$
(21,100
)
 
$
45,411

 
$
(21,973
)
 
$
5,842

 
$
(40,545
)
 
$
48,677

Segment assets (A)
$
1,905,269

 
$
302,922

 
$
508,658

 
$
104,373

 
$
9,813

 
$
31,479

 
$
111,542

 
$
2,974,056

Capital expenditures (B)
$
38,456

 
$
25,672

 
$
36,994

 
$
11,794

 
$
1,193

 
$
—

 
$
1,532

 
$
115,641



Year ended December 31, 2011
Palmarejo
Mine
 
San Bartolomé
Mine
 
Kensington
Mine
 
Rochester
Mine
 
Martha
Mine
 
Endeavor
Mine
 
Other
 
Total
Sales of metals
$
513,097

 
$
267,502

 
$
151,186

 
$
57,331

 
$
13,347

 
$
18,737

 
$
—

 
$
1,021,200

Productions costs applicable to sales
(186,201
)
 
(79,679
)
 
(101,672
)
 
(28,257
)
 
(15,513
)
 
(8,634
)
 
—

 
(419,956
)
Depreciation and depletion
(159,264
)
 
(22,410
)
 
(35,839
)
 
(2,824
)
 
(556
)
 
(3,148
)
 
(459
)
 
(224,500
)
Gross profit (loss)
167,632

 
165,413

 
13,675

 
26,250

 
(2,722
)
 
6,955

 
(459
)
 
376,744

Exploration expense
6,863

 
248

 
1,102

 
1,989

 
6,367

 
—

 
2,559

 
19,128

Other operating expenses
949

 
342

 
317

 
19,931

 
156

 
(1
)
 
29,126

 
50,820

OPERATING INCOME (LOSS)
159,820

 
164,823

 
12,256

 
4,330

 
(9,245
)
 
6,956

 
(32,144
)
 
306,796

Interest and other income, net
(9,099
)
 
156

 
4

 
57

 
(544
)
 
—

 
2,816

 
(6,610
)
Interest expense, net
(23,453
)
 
(45
)
 
(4,889
)
 
(21
)
 
(458
)
 
—

 
(5,908
)
 
(34,774
)
Loss on debt extinguishment
—

 
—

 
—

 
—

 
—

 
—

 
(5,526
)
 
(5,526
)
Fair value adjustments, net
(40,046
)
 
—

 
(8,438
)
 
—

 
—

 
—

 
(3,566
)
 
(52,050
)
Income tax expense
(28,023
)
 
(59,867
)
 
(31
)
 
—

 
(1,219
)
 
—

 
(25,197
)
 
(114,337
)
Net income (loss)
$
59,199

 
$
105,067

 
$
(1,098
)
 
$
4,366

 
$
(11,466
)
 
$
6,956

 
$
(69,525
)
 
$
93,499

Segment assets (A)
$
2,029,769

 
$
276,423

 
$
507,891

 
$
76,852

 
$
19,717

 
$
35,686

 
$
16,792

 
$
2,963,130

Capital expenditures (B)
$
36,976

 
$
17,731

 
$
34,013

 
$
27,217

 
$
3,426

 
$
—

 
$
625

 
$
119,988

(A)
Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties
(B)
Balance represents cash flow amounts 

Year ended December 31, 2010
Palmarejo
Mine
 
San Bartolomé
Mine
 
Kensington
Mine
 
Rochester
Mine
 
Martha
Mine
 
Endeavor
Mine
 
Other
 
Total
Sales of metals
$
230,024

 
$
142,989

 
$
23,628

 
$
54,323

 
$
53,875

 
$
10,618

 
$
—

 
$
515,457

Productions costs applicable to sales
(127,658
)
 
(60,023
)
 
(14,043
)
 
(24,760
)
 
(27,040
)
 
(4,112
)
 
—

 
(257,636
)
Depreciation and depletion
(91,505
)
 
(19,650
)
 
(17,487
)
 
(1,890
)
 
(8,525
)
 
(1,989
)
 
(573
)
 
(141,619
)
Gross profit (loss)
10,861

 
63,316

 
(7,902
)
 
27,673

 
18,310

 
4,517

 
(573
)
 
116,202

Exploration expense
4,658

 
9

 
659

 
190

 
5,791

 
—

 
2,942

 
14,249

Other operating expenses
352

 
—

 
170

 
1,544

 
—

 
—

 
24,987

 
27,053

OPERATING INCOME (LOSS)
5,851

 
63,307

 
(8,731
)
 
25,939

 
12,519

 
4,517

 
(28,502
)
 
74,900

Interest and other income, net
914

 
(373
)
 
(26
)
 
681

 
(3,974
)
 
—

 
3,549

 
771

Interest expense, net
(21,567
)
 
(325
)
 
(1,591
)
 
—

 
(90
)
 
—

 
(7,369
)
 
(30,942
)
Loss on debt extinguishment
—

 
—

 
—

 
—

 
—

 
—

 
(20,300
)
 
(20,300
)
Fair value adjustments, net
(98,707
)
 
—

 
(13,783
)
 
—

 
—

 
—

 
(4,604
)
 
(117,094
)
Income tax expense
16,901

 
(21,655
)
 
(8
)
 
—

 
(8,523
)
 
—

 
22,766

 
9,481

Income (loss) from continuting operations
(96,608
)
 
40,954

 
(24,139
)
 
26,620

 
(68
)
 
4,517

 
(34,460
)
 
$
(83,184
)
Loss from discontinued operations
—

 
—

 
—

 
—

 
—

 
—

 
(6,029
)
 
$
(6,029
)
Loss on sale of net assets of discontinued operations
—

 
—

 
—

 
—

 
—

 
—

 
(2,095
)
 
$
(2,095
)
Net income (loss)
$
(96,608
)
 
$
40,954

 
$
(24,139
)
 
$
26,620

 
$
(68
)
 
$
4,517

 
$
(42,584
)
 
$
(91,308
)
Segment assets (A)
$
2,119,367

 
$
260,653

 
$
512,401

 
$
29,734

 
$
21,290

 
$
39,530

 
$
17,414

 
$
3,000,389

Capital expenditures (B)
$
54,226

 
$
6,159

 
$
92,730

 
$
2,349

 
$
100

 
$
—

 
$
430

 
$
155,994


(A)
Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties
(B)
Balance represents cash flow amounts 

 
2012
 
2011
 
2010
Assets
 
 
 
 
 
Total assets for reportable segments
$
2,974,056

 
$
2,963,130

 
$
3,000,389

Cash and cash equivalents
125,440

 
175,012

 
66,118

Short term investments
999

 
20,254

 
—

Other assets
120,906

 
106,045

 
91,020

Total consolidated assets
$
3,221,401

 
$
3,264,441

 
$
3,157,527


Geographic Information
 
As of December 31,
 
2012
 
2011
 
2010
Long Lived Assets:
 
 
 
 
 
United States
$
608,051

 
$
515,096

 
$
488,104

Australia
29,408

 
33,999

 
37,147

Chile
65

 
65

 
14

Argentina
1,705

 
5,213

 
1,882

Bolivia
240,905

 
230,956

 
234,306

Mexico
1,795,677

 
1,903,374

 
2,028,864

Total
$
2,675,811

 
$
2,688,703

 
$
2,790,317

 

 
Twelve months ended December 31,
 
2012
 
2011
 
2010
Revenues:
 
 
 
 
 
United States
$
243,379

 
$
208,517

 
$
77,951

Mexico
442,098

 
513,097

 
230,025

Bolivia
178,005

 
267,502

 
142,988

Australia
18,848

 
18,737

 
10,618

Argentina
13,162

 
13,347

 
53,875

Total
$
895,492

 
$
1,021,200

 
$
515,457