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Segment Reporting
 12 Months Ended
Dec. 31, 2021
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 development property, all operating segments are engaged in the discovery, mining, and production of gold and/or silver. The Silvertip development property, which suspended mining and processing activities in February 2020, is engaged in the discovery 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.
Financial information relating to the Company’s segments is as follows (in thousands):
Year Ended December 31, 2021PalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$150,098 $49,659 $214,635 $164,519 $— $— $578,911 
Silver sales170,176 81,163 370 2,208 — — 253,917 
Metal sales320,274 130,822 215,005 166,727 — — 832,828 
Costs and Expenses
Costs applicable to sales(1)
153,655 131,240 133,065 93,579 — — 511,539 
Amortization36,062 20,187 54,933 11,038 4,797 1,298 128,315 
Exploration8,561 6,016 6,656 143 15,287 14,506 51,169 
Other operating expenses4,443 5,886 6,299 1,786 25,031 45,632 89,077 
Other income (expense)
Loss on debt extinguishment— — — — — (9,173)(9,173)
Fair value adjustments, net— — — — — (543)(543)
Interest expense, net(592)(1,034)(704)(145)1,276 (15,252)(16,451)
Other, net(3)
(28,197)(357)(150)1,650 (1,465)5,594 (22,925)
Income and mining tax (expense) benefit(29,730)559 (414)(4,799)1,478 (2,052)(34,958)
Net Income (loss) $59,034 $(33,339)$12,784 $56,887 $(43,826)$(82,862)$(31,322)
Segment assets(2)
$294,893 $559,283 $142,926 $87,579 $230,617 $109,636 $1,424,934 
Capital expenditures$36,539 $166,548 $27,522 $8,072 $70,069 $1,031 $309,781 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
(3) See Note 18 -- Additional Comprehensive Income (Loss) Detail for additional detail

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 
Other operating expenses7,927 5,144 12,012 838 23,123 40,332 89,376 
Other income (expense)
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)
Net Income (loss)$67,402 $(3,335)$22,434 $59,501 $(58,927)$(61,448)$25,627 
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

Assets December 31, 2021December 31, 2020
Total assets for reportable segments$1,424,934 $1,232,153 
Cash and cash equivalents56,664 92,794 
Other assets252,824 79,030 
Total consolidated assets$1,734,422 $1,403,977 

Geographic Information
Long-Lived Assets December 31, 2021December 31, 2020
United States$704,007 $503,818 
Mexico244,758 293,436 
Canada223,876 149,018 
Other125 657 
Total$1,172,766 $946,929 
RevenueYear ended December 31,
202120202019
United States$512,554 $496,997 $414,549 
Mexico320,274 286,581 252,701 
Canada— 1,883 44,252 
Total$832,828 $785,461 $711,502 
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 London Bullion Market Association, 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, 2021. The Company's sales of doré or concentrate product produced by the Palmarejo, Rochester, and Wharf mines amounted to approximately 74%, 72%, and 68%, of total metal sales for the years ended December 31, 2021, 2020, and 2019, respectively.
The Company's gold concentrate product from the Kensington mine and the zinc and lead concentrates from the Silvertip development property 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 development property amounted to approximately 26%, 28%, and 32% of total metal sales for the years ended December 31, 2021, 2020, and 2019, 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, 2021, 2020, and 2019 (in millions):
Year ended December 31,
Customer202120202019Segments reporting revenue
Asahi$323.8 $272.1 $341.0 Palmarejo, Kensington, Rochester, Wharf
Ocean Partners176.4 161.0 149.7 Palmarejo, Kensington, Silvertip
Toronto Dominion Bank61.9 88.6 35.1 Rochester
Techemet Metal Trading62.2 81.8 9.4 Rochester, Wharf
Argor-Heraeus23.3 79.9 23.1 Palmarejo