XML 32 R50.htm IDEA: XBRL DOCUMENT v3.20.1
Receivables (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Receivables - current portion    
Accounts receivable - trade $ 6,607 $ 6,028
Refundable value added tax 11,354 10,729
Income Taxes Receivable 116 105
Accounts receivable - other 1,645 1,804
Receivables, net current portion 19,722 18,666
Receivables - non-current portion    
Refundable value added tax [1] 22,449 28,009
Nontrade Receivables, Noncurrent [2] 700 700
Accounts Receivable, Net, Noncurrent 23,149 28,709
Total receivables $ 42,871 $ 47,375
[1] Represents VAT that was paid to the Mexican government associated with Coeur Mexicana’s prior royalty agreement with a subsidiary of Franco-Nevada Corporation. The Company continues to pursue recovery from the Mexican government (including through ongoing litigation). See Note 17 -- Commitments and Contingencies for additional detail. The $5.6 million decrease in the three months ended March 31, 2020 is attributable to a weaker Mexican Peso.
[2] Represents receivable due from the successor to Republic Metals Corporation, whose filed bankruptcy filing in November 2018 impacted approximately 0.4 million ounces of Coeur’s silver and 6,500 ounces of Coeur’s gold. In September 2019, the Company received a partial settlement payment of $2.6 million in respect of its claims in the bankruptcy proceedings and as a result, the Company recorded a $1.0 million charge in Other, net, against the receivable balance to reflect the new carrying value of the Company’s remaining claims.