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Segment Reporting
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s operating segments include the Palmarejo, Rochester, Kensington and Wharf mines and Silvertip development property. 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 development properties, 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):
Three Months Ended June 30, 2022PalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$44,127 $15,199 $50,030 $37,269 $— $— $146,625 
Silver sales41,837 15,304 233 124 — — 57,498 
Metal sales85,964 30,503 50,263 37,393 — — 204,123 
Costs and Expenses
Costs applicable to sales(1)
49,063 37,953 39,311 24,352 — — 150,679 
Amortization9,737 4,961 9,369 2,248 1,259 391 27,965 
Exploration1,686 1,466 1,218 — (262)1,171 5,279 
Other operating expenses752 1,830 308 527 5,090 9,958 18,465 
Other income (expense)
Fair value adjustments, net— — — — — (62,810)(62,810)
Interest expense, net(11)(203)(421)(14)(50)(4,471)(5,170)
Other, net(3)
832 (43)(25)634 (230)(855)313 
Income and mining tax (expense) benefit(10,445)1,000 127 (972)— (1,212)(11,502)
Net Income (loss) $15,102 $(14,953)$(262)$9,914 $(6,367)$(80,868)$(77,434)
Segment assets(2)
$292,246 $689,215 $149,365 $90,645 $239,348 $163,190 $1,624,009 
Capital expenditures$10,060 $46,956 $8,828 $475 $5,703 $1,134 $73,156 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail
Three Months Ended June 30, 2021PalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$41,232 $14,026 $48,807 $42,093 $— $— $146,158 
Silver sales43,802 24,059 — 839 — — 68,700 
Metal sales85,034 38,085 48,807 42,932 — — 214,858 
Costs and Expenses
Costs applicable to sales(1)
41,918 38,031 29,203 23,443 — — 132,595 
Amortization8,271 6,506 12,710 2,994 1,185 307 31,973 
Exploration1,834 936 1,305 76 3,595 4,700 12,446 
Other operating expenses1,453 1,444 2,273 525 5,964 11,546 23,205 
Other income (expense)
Fair value adjustments, net— — — — — 37,239 37,239 
Interest expense, net(149)(480)(142)(46)181 (4,457)(5,093)
Other, net(3)
(371)(92)(42)628 (237)815 701 
Income and mining tax (expense) benefit(7,559)(33)(707)(1,294)— (5,747)(15,340)
Net Income (loss) $23,479 $(9,437)$2,425 $15,182 $(10,800)$11,297 $32,146 
Segment assets(2)
$307,287 $435,257 $158,456 $77,436 $189,489 $171,517 $1,339,442 
Capital expenditures$9,795 $42,272 $6,045 $1,402 $18,525 $184 $78,223 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail
Six Months Ended June 30, 2022PalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$84,201 $26,251 $94,089 $71,535 $— $— $276,076 
Silver sales84,836 30,621 478 516 — — 116,451 
Metal sales169,037 56,872 94,567 72,051 — — 392,527 
Costs and Expenses
Costs applicable to sales(1)
92,288 70,228 76,221 45,209 — — 283,946 
Amortization19,123 9,671 17,991 4,309 2,518 786 54,398 
Exploration3,296 3,408 1,620 — (262)2,635 10,697 
Other operating expenses1,673 3,661 923 1,039 11,584 21,269 40,149 
Other income (expense)
Fair value adjustments, net— — — — — (52,205)(52,205)
Interest expense, net(126)(381)(669)(27)(118)(8,417)(9,738)
Other, net(3)
493 (91)81 673 (235)1,129 2,050 
Income and mining tax (expense) benefit(22,520)965 127 (1,965)— 10,197 (13,196)
Net Income (loss) $30,504 $(29,603)$(2,649)$20,175 $(14,193)$(73,986)$(69,752)
Segment assets(2)
$292,246 $689,215 $149,365 $90,645 $239,348 $163,190 $1,624,009 
Capital expenditures$23,671 $80,006 $16,752 $1,836 $17,562 $2,831 $142,658 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail

Six Months Ended June 30, 2021PalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$78,799 $26,466 $103,273 $75,942 $— $— $284,480 
Silver sales86,580 44,376 — 1,539 — — 132,495 
Metal sales165,379 70,842 103,273 77,481 — — 416,975 
Costs and Expenses
Costs applicable to sales(1)
75,906 62,064 60,597 42,175 — — 240,742 
Amortization17,330 10,083 26,155 5,469 2,271 602 61,910 
Exploration3,527 1,408 2,414 143 6,527 8,093 22,112 
Other operating expenses2,723 2,892 5,268 710 12,519 24,359 48,471 
Other income (expense)
Loss on debt extinguishment— — — — — (9,173)(9,173)
Fair value adjustments, net— — — — — 33,440 33,440 
Interest expense, net(336)(702)(374)(83)226 (8,734)(10,003)
Other, net(3)
(1,036)(153)(42)652 (339)5,246 4,328 
Income and mining tax (expense) benefit(18,899)(171)(1,041)(2,423)— (5,592)(28,126)
Net Income (loss) $45,622 $(6,631)$7,382 $27,130 $(21,430)$(17,867)$34,206 
Segment assets(2)
$307,287 $435,257 $158,456 $77,436 $189,489 $171,517 $1,339,442 
Capital expenditures$19,778 $72,449 $13,247 $2,883 $28,912 $378 $137,647 
(1) Excludes amortization
(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests
(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail


Assets June 30, 2022December 31, 2021
Total assets for reportable segments$1,624,009 $1,424,934 
Cash and cash equivalents74,159 56,664 
Other assets162,164 252,824 
Total consolidated assets$1,860,332 $1,734,422 
Geographic Information
Long-Lived Assets June 30, 2022December 31, 2021
United States$844,952 $704,007 
Mexico250,244 244,758 
Canada233,171 223,876 
Other124 125 
Total$1,328,491 $1,172,766 
RevenueThree months ended June 30,Six months ended June 30,
2022202120222021
United States$118,159 $129,824 $223,490 $251,596 
Mexico85,964 85,034 169,037 165,379 
Total204,123 $214,858 $392,527 $416,975