Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

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


Three months ended September 30, 2020	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	39,416	$	12,860	$	52,357	$	62,499	$	—	$	—	$	167,132
Silver sales	42,339		19,250		—		1,007		—		—		62,596
Zinc sales	—		—		—		—		—		—		—
Lead sales	—		—		—		—		—		—		—
Metal sales	81,755		32,110		52,357		63,506		—		—		229,728
Costs and Expenses
Costs applicable to sales(1)	34,251		19,104		31,530		27,887		—		—		112,772
Amortization	11,912		3,278		11,523		4,000		1,185		318		32,216
Exploration	1,978		465		3,397		534		3,920		2,524		12,818

Other operating expenses	2,378		1,376		3,448		127		5,916		9,543		22,788
Other income (expense)
Loss on debt extinguishment	—		—		—		—		—		—		—
Fair value adjustments, net	—		—		—		—		—		2,243		2,243
Interest expense, net	(201)		(283)		(296)		(48)		(124)		(4,144)		(5,096)
Other, net	(1,168)		(2,502)		(34)		7		451		(3,066)		(6,312)
Income and mining tax (expense) benefit	(6,841)		(143)		(380)		(2,630)		21		(3,140)		(13,113)
Income (loss) from continuing operations	$	23,026	$	4,959	$	1,749	$	28,287	$	(10,673)	$	(20,492)	$	26,856
Income (loss) from discontinued operations	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Segment assets(2)	$	302,599	$	325,165	$	177,700	$	76,247	$	155,932	$	170,208	$	1,207,851
Capital expenditures	$	4,998	$	9,773	$	5,333	$	545	$	2,065	$	282	$	22,996

(1) Excludes amortization

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


Three months ended September 30, 2019	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	41,547	$	11,290	$	52,636	$	36,398	$	—	$	—	$	141,871
Silver sales	29,790		16,191		—		293		5,307		—		51,581
Zinc sales	—		—		—		—		2,046		—		2,046
Lead sales	—		—		—		—		3,971		—		3,971
Metal sales	71,337		27,481		52,636		36,691		11,324		—		199,469
Costs and Expenses
Costs applicable to sales(1)	37,397		27,749		29,533		22,084		24,189		—		140,952
Amortization	15,840		4,250		13,552		3,301		8,268		467		45,678
Exploration	1,608		145		1,465		102		828		1,745		5,893

Other operating expenses	1,327		1,210		281		698		254		10,716		14,486
Other income (expense)
Loss on debt extinguishment	—		—		—		—		—		(1,282)		(1,282)
Fair value adjustments, net	—		—		—		—		—		4,377		4,377
Interest expense, net	(74)		(287)		(453)		(26)		(410)		(4,730)		(5,980)
Other, net	(2,535)		(368)		(99)		(151)		(190)		(291)		(3,634)
Income and mining tax (expense) benefit	(1,630)		(2,067)		—		(1,672)		916		4,235		(218)
Income (loss) from continuing operations	10,926		(8,595)		7,253		8,657		(21,899)		(10,619)		(14,277)
Income (loss) from discontinued operations	—		—		—		—		—		—		—
Segment assets(2)	342,274		283,229		204,926		99,600		417,678		172,735		1,520,442
Capital expenditures	7,818		10,248		4,944		759		6,359		550		30,678

(1) Excludes amortization

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


Nine months ended September 30, 2020	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	104,732	$	30,508	$	159,200	$	128,199	$	—	$	—	$	422,639
Silver sales	89,332		41,650		—		1,640		1,230		—		133,852
Zinc sales	—		—		—		—		(662)		—		(662)
Lead sales	—		—		—		—		1,315		—		1,315
Metal sales	194,064		72,158		159,200		129,839		1,883		—		557,144
Costs and Expenses
Costs applicable to sales(1)	89,050		54,396		92,419		68,182		17,657		—		321,704
Amortization	32,357		9,194		36,298		9,625		7,761		1,019		96,254
Exploration	4,373		2,529		7,746		639		7,073		8,699		31,059

Other operating expenses	6,279		3,835		7,298		451		17,770		29,921		65,554
Other income (expense)
Loss on debt extinguishment	—		—		—		—		—		—		—
Fair value adjustments, net	—		—		—		—		—		3,491		3,491
Interest expense, net	(667)		(851)		(819)		(149)		(603)		(12,900)		(15,989)
Other, net	(2,866)		(2,580)		1		(12)		2,005		(858)		(4,310)
Income and mining tax (expense) benefit	(7,938)		(186)		(854)		(4,806)		(234)		2,000		(12,018)
Income (loss) from continuing operations	$	50,534	$	(1,413)	$	13,767	$	45,975	$	(47,210)	$	(47,906)	$	13,747
Income (loss) from discontinued operations	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Segment assets(2)	$	302,599	$	325,165	$	177,700	$	76,247	$	155,932	$	170,208	$	1,207,851
Capital expenditures	$	16,611	$	20,634	$	14,050	$	1,219	$	8,630	$	742	$	61,886

(1) Excludes amortization

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


Nine months ended September 30, 2019	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	107,063	$	33,538	$	138,083	$	80,277	$	—	$	—	$	358,961
Silver sales	76,821		45,765		—		699		13,373		$	—	136,658
Zinc sales	—		—		—		—		10,284		—		10,284
Lead sales	—		—		—		—		10,559		—		10,559
Metal sales	183,884		79,303		138,083		80,976		34,216		—		516,462
Costs and Expenses
Costs applicable to sales(1)	107,137		74,896		90,841		54,942		76,734		—		404,550
Amortization	44,580		12,250		37,816		8,207		26,572		1,333		130,758
Exploration	3,758		331		3,970		102		1,559		5,606		15,326

Other operating expenses	3,798		3,518		962		2,115		881		29,204		40,478
Other income (expense)
Loss on debt extinguishment	—		—		—		—		—		(1,282)		(1,282)
Fair value adjustments, net	—		—		—		—		—		8,201		8,201
Interest expense, net	(322)		(599)		(992)		(75)		(997)		(16,274)		(19,259)
Other, net	(4,149)		(352)		(102)		174		(411)		1,909		(2,931)
Income and mining tax (expense) benefit	(684)		(2,737)		—		(2,149)		18,256		1,300		13,986
Income (loss) from continuing operations	$	19,456	$	(15,380)	$	3,400	$	13,560	$	(54,682)	$	(42,289)	$	(75,935)
Income (loss) from discontinued operations	$	—	$	—	$	—	$	—	—		$	5,693	$	5,693
Segment assets(2)	$	342,274	$	283,229	$	204,926	$	99,600	417,678		$	172,735	$	1,520,442
Capital expenditures	$	24,060	$	17,665	$	19,175	$	1,361	15,456		$	1,148	$	78,865

(1) Excludes amortization

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



Assets	September 30, 2020		December 31, 2019
Total assets for reportable segments	$	1,207,851	$	1,215,783
Cash and cash equivalents	77,148		55,645
Other assets	86,147		107,208
Total consolidated assets	$	1,371,146	$	1,378,636

Geographic Information


Revenue	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
United States	$	147,973	$	116,808	$	361,197	$	298,362
Mexico	81,755		71,337		194,064		183,884
Canada	—		11,324		1,883		34,216
Total	229,728		$	199,469	$	557,144	$	516,462