Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

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



Three months ended September 30, 2018	Palmarejo			Rochester			Silvertip			Kensington			Wharf			Other			Total
Revenue
Metal sales	$	55,456		$	35,524		$	4,051		$	29,771		$	23,993		$	—		$	148,795
Costs and Expenses
Costs applicable to sales⁽¹⁾	31,554			27,548			11,535			28,241			17,979			—			116,857
Amortization	14,794			5,294			1,073			6,912			2,878			233			31,184
Exploration	3,195			51			2,333			1,640			63			875			8,157
Other operating expenses	771			4,362			148			333			699			9,537			15,850
Other income (expense)
Fair value adjustments, net	—			—			—			—			—			715			715
Interest expense, net	(842		)	(115		)	166			(248		)	(9		)	(4,770		)	(5,818		)
Other, net	(1,010		)	278			(447		)	(34		)	(422		)	(19,268		)	(20,903		)
Income and mining tax (expense) benefit	(6,461		)	(83		)	4,320			—			(334		)	(1,227		)	(3,785		)
Income (loss) from continuing operations	$	(3,171	)	$	(1,651	)	$	(6,999	)	$	(7,637	)	$	1,609		$	(35,195	)	$	(53,044	)
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Segment assets⁽²⁾	$	368,257		$	252,291		$	405,334		$	225,161		$	98,978		$	79,079		$	1,429,100
Capital expenditures	$	4,686		$	3,582		$	17,949		$	11,960		$	1,176		$	119		$	39,472

(1) Excludes amortization

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



Three months ended September 30, 2017	Palmarejo			Rochester			Kensington			Wharf			Other			Total
Revenue
Metal sales	$	60,677		$	31,156		$	36,603		$	31,334		$	150		$	159,920
Costs and Expenses
Costs applicable to sales⁽¹⁾	33,255			23,275			27,658			17,330			41			101,559
Amortization	16,414			4,591			7,864			3,223			308			32,400
Exploration	4,517			531			2,966			207			1,570			9,791
Other operating expenses	319			846			356			648			10,206			12,375
Other income (expense)
Interest expense, net	(112		)	(136		)	(113		)	(16		)	(3,218		)	(3,595		)
Other, net	(218		)	(73		)	(28		)	4			2,676			2,361
Income and mining tax (expense) benefit	(7,898		)	41			—			(963		)	(5,469		)	(14,289		)
Income (loss) from continuing operations	$	(2,056	)	$	1,745		$	(2,382	)	$	8,951		$	(17,986	)	$	(11,728	)
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	(4,924	)	$	(4,924	)
Segment assets⁽²⁾	$	388,044		$	253,477		$	211,052		$	103,843		$	71,551		$	1,027,967
Capital expenditures	$	5,540		$	9,737		$	10,144		$	3,135		$	426		$	28,982

(1) Excludes amortization

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



Nine months ended September 30, 2018	Palmarejo			Rochester			Silvertip			Kensington			Wharf			Other			Total
Revenue
Metal sales	$	196,237		$	102,689		$	4,051		$	101,806		$	77,266		$	—		$	482,049
Costs and Expenses
Costs applicable to sales⁽¹⁾	92,960			76,304			11,535			91,098			52,546			—			324,443
Amortization	45,752			14,918			1,073			20,070			8,888			719			91,420
Exploration	10,363			296			2,439			4,625			73			3,473			21,269
Other operating expenses	2,252			6,149			173			981			2,052			28,542			40,149
Other income (expense)
Fair value adjustments, net	—			—			—			—			—			2,907			2,907
Interest expense, net	(1,108		)	(338		)	(490		)	(722		)	(32		)	(15,111		)	(17,801		)
Other, net	(2,399		)	704			(25		)	(104		)	(379		)	(17,643		)	(19,846		)
Income and mining tax (expense) benefit	(22,550		)	(917		)	6,098			—			(2,009		)	(73		)	(19,451		)
Income (loss) from continuing operations	$	18,853		$	4,471		$	(5,586	)	$	(15,794	)	$	11,287		$	(62,654	)	$	(49,423	)
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	—		$	550		$	550
Segment assets⁽²⁾	$	368,257		$	252,291		$	405,334		$	225,161		$	98,978		$	79,079		$	1,429,100
Capital expenditures	$	23,458		$	6,884		$	55,623		$	34,032		$	2,682		$	303		$	122,982

(1) Excludes amortization

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



Nine months ended September 30, 2017	Palmarejo			Rochester			Kensington			Wharf			Other			Total
Revenue
Metal sales	$	191,616		$	102,926		$	110,134		$	88,598		$	1,740		$	495,014
Costs and Expenses													—
Costs applicable to sales⁽¹⁾	110,150			73,875			84,089			49,418			746			318,278
Amortization	50,995			15,345			25,389			8,883			1,215			101,827
Exploration	9,272			990			5,785			210			6,599			22,856
Other operating expenses	930			2,487			1,051			1,899			31,080			37,447
Other income (expense)
Loss on debt extinguishment	—			—			—			—			(9,342		)	(9,342		)
Fair value adjustments, net	—			(864		)	—			—			—			(864		)
Interest expense, net	(339		)	(386		)	(266		)	(52		)	(9,875		)	(10,918		)
Other, net	(345		)	2,239			(893		)	429			25,704			27,134
Income and mining tax (expense) benefit	(22,313		)	(413		)	—			(2,980		)	1,666			(24,040		)
Income (loss) from continuing operations	$	(2,728	)	$	10,805		$	(7,339	)	$	25,585		$	(29,747	)	$	(3,424	)
Income (loss) from discontinued operations	$	—		$	—		$	—		$	—		$	(5,520	)	$	(5,520	)
Segment assets⁽²⁾	$	388,044		$	253,477		$	211,052		$	103,843		$	71,551		$	1,027,967
Capital expenditures	$	22,972		$	34,121		$	24,314		$	5,493		$	2,780		$	89,680

(1) Excludes amortization

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



Assets	September 30, 2018		December 31, 2017
Total assets for reportable segments	$	1,429,100	$	1,344,553
Cash and cash equivalents	104,746		192,032
Other assets	64,531		164,590
Total consolidated assets	$	1,598,377	$	1,701,175



Assets	September 30, 2018		December 31, 2017
Total assets for reportable segments	$	1,429,100	$	1,344,553
Cash and cash equivalents	104,746		192,032
Other assets	64,531		164,590
Total consolidated assets	$	1,598,377	$	1,701,175

Geographic Information



Revenue	Three months ended September 30,				Nine months ended September 30,
Revenue	2018		2017		2018		2017
United States	$	89,289	$	99,093	$	281,762	$	301,658
Mexico	55,455		60,677		196,236		191,616
Canada	4,051		—		4,051		—
Australia	—		150		—		1,740
Total	$	148,795	$	159,920	$	482,049	$	495,014