SEGMENT REPORTING

The Company’s operating segments include the Palmarejo complex, and the Rochester, Kensington, Wharf and Silvertip mines. Except for the Silvertip mine, which was acquired in the fourth quarter of 2017, all operating segments are engaged in the discovery, mining, and production of gold and/or silver. Silvertip is engaged in the discovery, mining, and production of silver, zinc and lead. Other includes the La Preciosa project, other mineral interests, strategic equity investments, corporate office, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts. The Company eliminated Coeur Capital as a standalone reportable segment in the first quarter and has classified the operating performance, segment assets, and capital expenditures of the Endeavor Silver Stream and other remaining non-core assets in Other. All prior period amounts have been adjusted to conform to the current presentation.

At December 31, 2017, we determined that the expected disposition of Manquiri and the San Bartolomé mine represents a strategic shift to a North America-focused mining portfolio that is expected to have a major effect on the entity's results and operations, therefore, the applicable assets and liabilities for all periods presented are included in the consolidated balance sheets as held for sale and the results of operations as discontinued operations for all periods.

Financial information relating to the Company’s segments is as follows (in thousands):



Year ended December 31, 2017	Palmarejo			Rochester			Silvertip			Kensington			Wharf			Other			Total
Revenue
Metal sales	$	274,809		$	152,680		$	—		$	154,469		$	125,901		$	1,739		$	709,598
Costs and Expenses
Costs applicable to sales⁽¹⁾	146,176			107,921			—			116,096			69,322			745			440,260
Amortization	73,744			22,306			—			36,022			13,012			1,465			146,549
Exploration	11,924			1,352			—			8,604			320			8,111			30,311
Other operating expenses	1,263			3,394			153			1,412			2,468			43,862			52,552
Other income (expense)
Loss on debt extinguishment	—			—			—			—			—			(9,342		)	(9,342		)
Fair value adjustments, net	—			(864		)	—			—			—			—			(864		)
Interest expense, net	(487		)	(496		)	(2,212		)	(413		)	(66		)	(12,766		)	(16,440		)
Other, net	(851		)	2,193			1,142			(922		)	172			24,909			26,643
Income and mining tax (expense) benefit	(24,330		)	(1,028		)	(932		)	—			(3,936		)	1,228			(28,998		)
Income (loss) from continuing operations	$	16,034		$	17,512		$	(2,155	)	$	(9,000	)	$	36,949		$	(48,415	)	$	10,925
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	—		$	(12,244	)	$	(12,244	)
Segment assets⁽²⁾	$	377,621		$	239,223		$	339,369		$	212,588		$	104,010		$	71,742		$	1,344,553
Capital expenditures	$	29,902		$	40,874		$	17,684		$	36,248		$	8,844		$	3,182		$	136,734

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests



Year ended December 31, 2016	Palmarejo			Rochester			Kensington			Wharf			Other			Total
Revenue
Metal sales	$	141,273		$	139,945		$	146,593		$	136,678		$	4,128		$	568,617
Royalties	—			—			—			—			3,280			3,280
	141,273			139,945			146,593			136,678			7,408			571,897
Costs and Expenses
Costs applicable to sales⁽¹⁾	80,820			89,726			96,731			66,379			1,719			335,375
Amortization	36,599			21,838			34,787			20,621			2,683			116,528
Exploration	5,063			841			3,487			2			3,537			12,930
Write-downs	—			—			—			—			4,446			4,446
Other operating expenses	1,213			2,801			1,038			2,238			36,396			43,686
Other income (expense)
Loss on debt extinguishment	—			—			—			—			(21,365		)	(21,365		)
Fair value adjustments, net	(5,814		)	(4,133		)	—			—			(1,634		)	(11,581		)
Interest expense, net	(1,187		)	(664		)	(128		)	(69		)	(34,848		)	(36,896		)
Other, net	(12,125		)	(3,859		)	(25		)	17			16,090			98
Income and mining tax (expense) benefit	45,085			(2,785		)	—			(4,293		)	(4,760		)	33,247
Income (loss) from continuing operations	$	43,537		$	13,298		$	10,397		$	43,093		$	(87,890	)	$	22,435
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	32,917		$	32,917
Segment assets⁽²⁾	$	436,642		$	219,009		$	199,232		$	105,901		$	84,938		$	1,045,722
Capital expenditures	$	35,810		$	16,446		$	36,826		$	4,812		$	488		$	94,382

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests



Year ended December 31, 2015	Palmarejo		Rochester		Kensington		Wharf		Other		Total
Revenue
Metal sales	169,133		143,930		148,710		84,052		8,732		$	554,557
Royalties	—		—		—		—		6,850		6,850
	169,133		143,930		148,710		84,052		15,582		561,407
Costs and Expenses
Costs applicable to sales⁽¹⁾	138,476		103,994		105,640		52,197		3,520		403,827
Amortization	32,423		23,906		42,240		16,378		11,006		125,953
Exploration	4,533		1,324		2,596		134		2,934		11,521
Write-downs	224,507		—		—		—		22,118		246,625
Other operating expenses	1,293		2,948		1,301		1,717		41,581		48,840
Other income (expense)
Loss on debt extinguishment	—		—		—		—		15,916		15,916
Fair value adjustments, net	3,160		818		—		—		1,224		5,202
Interest expense, net	(4,269	)	(748	)	(218	)	—		(39,743	)	(44,978		)
Other, net	(10,968	)	(13	)	7		143		(6,836	)	(17,667		)
Income and mining tax (expense) benefit	37,597		(1,497	)	—		(857	)	(6,168	)	29,075
Income (loss) from continuing operations	(206,579	)	10,318		(3,278	)	12,912		(101,184	)	(287,811		)
Income (loss) from discontinued operations	—		—		—		—		(79,372	)	(79,372		)
Segment assets⁽²⁾	406,648		190,714		197,873		113,305		103,629		1,012,169
Capital expenditures	35,991		25,330		23,834		3,211		607		88,973

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests



Assets	December 31, 2017		December 31, 2016
Total assets for reportable segments	$	1,344,553	$	1,045,722
Cash and cash equivalents	192,032		118,312
Other assets	164,590		154,875
Total consolidated assets	$	1,701,175	$	1,318,909

Geographic Information



Long-Lived Assets	December 31, 2017		December 31, 2016
Mexico	$	370,188	$	397,697
United States	377,768		338,897
Canada	331,440		—
Argentina	229		10,228
Other	4,681		8,547
Total	$	1,084,306	$	755,369



Revenue	Year ended December 31,
Revenue	2017		2016		2015
United States	$	433,050	$	423,216	$	376,692
Mexico	274,809		142,198		171,911
Australia	1,739		4,128		8,732
Other	—		2,355		4,072
Total	$	709,598	$	571,897	$	561,407

The Company's doré, as well as the concentrate product produced by the Wharf mine, is refined into gold and silver bullion according to benchmark standards set by the LBMA, which regulates the acceptable requirements for bullion traded in the London precious metals markets. The Company then sells its silver and gold bullion to multi-national banks, bullion trading houses, and refiners across the globe. The Company has eight trading counterparties at December 31, 2017. The Company's sales of doré or concentrate product produced by the Palmarejo, Rochester, and Wharf mines amounted to approximately 78%, 74%, and 72% of total metal sales for the years ended December 31, 2017, 2016, and 2015, respectively. Generally, the loss of a single bullion trading counterparty would not adversely affect the Company due to the liquidity of the markets and availability of alternative trading counterparties.

The Company's gold concentrate products from the Kensington mine are primarily sold to one smelter under a purchase and sale agreement, and the smelter pays the Company for the metals recovered from the concentrates. The Company’s sales of concentrate produced by the Kensington mine amounted to approximately 22%, 26%, and 27% of total metal sales for the years ended December 31, 2017, 2016, and 2015, respectively. While the loss of a smelter may have a material adverse effect if alternate smelters are not available or if the failure to engage a new smelter results in a delay in the sale or purchase of Kensington concentrate, the Company believes that there is sufficient global capacity available to address the loss of a smelter.

The following table indicates customers that represent 10% or more of total sales of metal for at least one of the years December 31, 2017, 2016, and 2015 (in millions):



	Year ended December 31,
Customer	2017		2016		2015		Segments reporting revenue
China National Gold	$	137.5	$	126.6	$	126.2	Kensington
Republic Metal Corporation	132.4		47.3		0.6		Palmarejo,Wharf
Asahi (formerly Johnson Matthey)	124.1		62.6		84.2		Palmarejo, Wharf, Rochester
Techemet Metal Trading	104.8		40.7		—		Rochester, Wharf
TD Securities	—		15.5		81.3		Palmarejo, Rochester
INTL Commodities	9.6		76.6		33.1		Palmarejo, Rochester, Wharf
Mitsui & Co.	—		—		137.7		Palmarejo, Rochester