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Segment Reporting
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s operating segments include the Palmarejo, Rochester, Kensington, Wharf and Silvertip mines. Except for the Silvertip mine, all operating segments are engaged in the discovery, mining, and production of gold and/or silver. The Silvertip mine, which temporarily suspended mining and processing activities in February 2020, is engaged in the discovery, mining, and production of silver, zinc and lead. Other includes the Sterling/Crown and La Preciosa projects, other mineral interests, strategic equity investments, corporate office, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts.
The 2019 novel strain of coronavirus causing a contagious respiratory disease known as COVID-19, which was declared a pandemic by the World Health Organization on March 11, 2020, poses a material risk to Coeur’s business and operations. Early in the second quarter of 2020, the Company temporarily suspended active mining and processing activities at the Palmarejo complex in the State of Chihuahua, Mexico, in accordance with a government decree in response to COVID-19. After receiving guidance from the Mexican government in May that the suspension decree did not apply to precious metals mining, production began ramping back up in June, increasing steadily during the month and in the third quarter. In addition, as a result of several reported positive COVID-19 cases at our Kensington mine outside of Juneau, Alaska, during the third quarter of 2020 the Company experienced a minor short-term production impact associated with this situation, which adversely impacted production and cash flows. Coeur continues to require all employees who travel to the Kensington mine to submit to a quarantine and testing protocol in Juneau, Alaska before traveling to the mine. The Company believes this is an important step to protect the health and safety of all workers who stay at the Kensington camp as well as the Juneau community, although it has required changes to worker scheduling and has resulted and is expected to continue to result in higher labor costs due to additional overtime pay and pay during the quarantine period.
Incremental costs associated with the Company’s COVID-19 health and safety protocols are recorded in Pre-development, reclamation, and other expenses in our Consolidated Statement of Comprehensive Income (Loss) and are included in Other operating expenses in the table below. Because of the highly uncertain and dynamic nature of events relating to the COVID-19 pandemic, it is not currently possible to estimate the impact of the pandemic on the Company’s operating segments. However, these effects could have a material impact on our operations, and Coeur will continue to monitor the COVID-19 situation closely.
Financial information relating to the Company’s segments is as follows (in thousands):
Year Ended December 31, 2020PalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$154,056 $46,337 $216,497 $167,743 $— $— $584,633 
Silver sales132,525 63,916 — 2,504 1,230 — 200,175 
Zinc sales— — — — (662)— (662)
Lead sales— — — — 1,315 — 1,315 
Metal sales286,581 110,253 216,497 170,247 1,883 — 785,461 
Costs and Expenses
Costs applicable to sales(1)
125,204 86,112 121,727 89,635 17,657 — 440,335 
Amortization44,873 14,306 49,477 12,473 8,923 1,335 131,387 
Exploration6,955 3,303 8,568 905 12,228 10,684 42,643 
Write-downs— — — — — — — 
Other operating expenses7,927 5,144 12,012 838 23,123 40,332 89,376 
Other income (expense)
Loss on debt extinguishment— — — — — — — 
Fair value adjustments, net— — — — — 7,601 7,601 
Interest expense, net(918)(1,142)(1,017)(182)(672)(16,777)(20,708)
Other, net(5,273)(2,718)(18)(69)1,793 344 (5,941)
Income and mining tax (expense) benefit(28,029)(863)(1,244)(6,644)— (265)(37,045)
Income (loss) from continuing operations$67,402 $(3,335)$22,434 $59,501 $(58,927)$(61,448)$25,627 
Income (loss) from discontinued operations$— $— $— $— $— $— $— 
Segment assets(2)
$305,291 $346,986 $169,414 $75,047 $157,529 $177,886 $1,232,153 
Capital expenditures$25,511 $37,542 $19,825 $2,447 $13,144 $810 $99,279 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Year Ended December 31, 2019PalmarejoRochesterKensingtonWharfSilvertipOtherTotal
Revenue
Gold sales$141,669 $50,225 $181,111 $120,342 $— $— $493,347 
Silver sales111,032 61,799 — 1,072 17,575 $— 191,478 
Zinc sales— — — — 12,806 — 12,806 
Lead sales— — — — 13,871 — 13,871 
Metal sales252,701 112,024 181,111 121,414 44,252 — 711,502 
Costs and Expenses
Costs applicable to sales(1)
141,927 100,205 119,602 80,689 108,758 — 551,181 
Amortization59,379 18,041 50,592 12,280 36,738 1,846 178,876 
Exploration5,658 657 5,588 272 2,469 7,883 22,527 
Write-downs— — — — 250,814 — 250,814 
Other operating expenses4,591 4,572 1,248 2,832 1,216 38,455 52,914 
Other income (expense)
Loss on debt extinguishment— — — — — (1,281)(1,281)
Fair value adjustments, net— — — — — 16,030 16,030 
Interest expense, net(444)(1,015)(1,333)(100)(1,137)(20,742)(24,771)
Other, net(4,798)(378)(704)89 (557)3,155 (3,193)
Income and mining tax (expense) benefit(14,257)(709)— (3,041)32,084 (2,948)11,129 
Income (loss) from continuing operations$21,647 $(13,553)$2,044 $22,289 $(325,353)$(53,970)$(346,896)
Income (loss) from discontinued operations$— $— $— $— — $5,693 $5,693 
Segment assets(2)
$319,292 $284,878 $194,076 $84,765 164,125 $168,647 $1,215,783 
Capital expenditures$32,658 $22,592 $23,513 $2,220 17,504 $1,285 $99,772 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests


Year Ended December 31, 2018PalmarejoRochesterKensingtonWharfSilvertipOtherTotal
Revenue
Gold sales$131,758 $66,556 $132,924 $95,770 $— $— $427,008 
Silver sales113,998 75,252 — 746 3,157 $— 193,153 
Zinc sales— — — — 3,612 — 3,612 
Lead sales— — — — 2,131 — 2,131 
Metal sales245,756 141,808 132,924 96,516 8,900 — 625,904 
Costs and Expenses
Costs applicable to sales(1)
120,088 105,677 112,364 67,201 35,620 — 440,950 
Amortization60,744 20,909 29,508 11,072 5,235 1,005 128,473 
Exploration10,516 332 5,871 104 2,748 5,826 25,397 
Write-downs— — — — — — — 
Other operating expenses3,043 7,071 1,721 2,686 303 36,564 51,388 
Other income (expense)
Loss on debt extinguishment— — — — — — — 
Fair value adjustments, net— — — — — 3,638 3,638 
Interest expense, net(2,137)(466)(973)(40)(766)(19,982)(24,364)
Other, net(8,308)(1,211)2,795 (834)(370)(16,777)(24,705)
Income and mining tax (expense) benefit(15,724)(874)— (1,063)16,057 18,384 16,780 
Income (loss) from continuing operations$25,196 $5,268 $(14,718)$13,516 $(20,085)$(58,132)$(48,955)
Income (loss) from discontinued operations$— $— $— $— — $550 $550 
Segment assets(2)
$363,024 $269,903 $224,460 $102,246 415,998 $175,040 $1,550,671 
Capital expenditures$29,425 $9,919 $44,738 $3,382 52,932 $391 $140,787 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
Assets December 31, 2020December 31, 2019
Total assets for reportable segments$1,232,153 $1,215,783 
Cash and cash equivalents92,794 55,645 
Other assets79,030 107,208 
Total consolidated assets$1,403,977 $1,378,636 

Geographic Information
Long-Lived Assets December 31, 2020December 31, 2019
United States$503,818 $494,286 
Mexico293,436 312,168 
Canada149,018 146,804 
Other657 7,486 
Total$946,929 $960,744 
RevenueYear ended December 31,
202020192018
United States$496,997 $414,548 $371,248 
Mexico286,581 252,701 245,756 
Canada1,883 44,253 8,900 
Total$785,461 $711,502 $625,904 
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 gold and silver bullion to multi-national banks, bullion trading houses, and refiners across the globe. The Company had seven trading counterparties at December 31, 2020. The Company's sales of doré or concentrate product produced by the Palmarejo, Rochester, and Wharf mines amounted to approximately 72%, 68%, and 77%, of total metal sales for the years ended December 31, 2020, 2019, and 2018, respectively. In November 2018, one of the refiners of the Company’s doré, Republic Metals Corporation (“RMC”), a U.S.-based precious metals refiner, filed for protection under Chapter 11 of the United States Bankruptcy Code. See Note 5 -- Receivables for additional detail.
The Company's gold concentrate product from the Kensington mine and the zinc and lead concentrates from the Silvertip mine are sold under a variety of agreements with smelters and traders, and the smelters and traders pay the Company for the metals recovered from the concentrates. The Company’s sales of concentrate produced by the Kensington and Silvertip mines amounted to approximately 28%, 32%, and 23% of total metal sales for the years ended December 31, 2020, 2019, and 2018, respectively.
The Company believes that the loss of any one smelter, refiner, trader or third-party customer would not have a material adverse effect on the Company due to the liquidity of the markets and current availability of alternative trading counterparties.
The following table indicates customers that represent 10% or more of total sales of metal for at least one of the years December 31, 2020, 2019, and 2018 (in millions):    
Year ended December 31,
Customer202020192018Segments reporting revenue
Asahi$272.1 $341.0 $213.0 Palmarejo, Wharf, Rochester, Kensington
Ocean Partners161.0 149.7 74.8 Silvertip, Kensington
Toronto Dominion Bank88.6 35.1 44.9 Rochester
Techemet Metal Trading81.8 9.4 83.3 Rochester, Wharf
Argor-Heraeus79.9 23.1 — Palmarejo
RMC— — 71.7 Palmarejo, Rochester
China National Gold— — 54.1 Kensington