Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Financial information relating to the reporting segments

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


Three Months Ended March 31, 2023	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	40,607	$	16,047	$	40,124	$	30,323	$	—	$	—	$	127,101
Silver sales	41,700		17,853		74		570		—		—		60,197


Metal sales	82,307		33,900		40,198		30,893		—		—		187,298
Costs and Expenses
Costs applicable to sales(1)	49,265		42,865		37,382		23,544		—		—		153,056
Amortization	8,719		5,218		5,844		1,409		1,221		297		22,708
Exploration	1,313		383		996		—		1,497		461		4,650

Other operating expenses	1,526		2,025		984		1,014		6,546		10,878		22,973
Other income (expense)

Fair value adjustments, net	—		—		—		—		—		10,561		10,561
Interest expense, net	122		(175)		(530)		(14)		(22)		(6,770)		(7,389)
Other, net(3)	(138)		(93)		(71)		(476)		(9)		(174)		(961)
Income and mining tax (expense) benefit	(9,702)		239		—		(419)		—		(826)		(10,708)
Net Income (loss)	$	11,766	$	(16,620)	$	(5,609)	$	4,017	$	(9,295)	$	(8,845)	$	(24,586)

Segment assets(2)	$	306,852	$	877,844	$	152,946	$	107,417	$	242,886	$	49,056	$	1,737,001
Capital expenditures	$	10,150	$	51,962	$	10,702	$	121	$	669	$	444	$	74,048

(1) Excludes amortization

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

(3) See Note 13 -- Additional Comprehensive Income (Loss) Detail for additional detail


Three Months Ended March 31, 2022	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other (4)		Total
Revenue
Gold sales	$	40,074	$	11,052	$	44,059	$	34,266	$	—	$	—	$	129,451
Silver sales	42,999		15,317		245		392		—		—		58,953


Metal sales	83,073		26,369		44,304		34,658		—		—		188,404
Costs and Expenses
Costs applicable to sales(1)	43,225		32,275		36,910		20,857		—		—		133,267
Amortization	9,386		4,710		8,622		2,061		1,259		395		26,433
Exploration	1,610		1,942		402		—		—		1,464		5,418

Other operating expenses	921		1,831		615		512		6,494		11,311		21,684
Other income (expense)

Fair value adjustments, net	—		—		—		—		—		10,605		10,605
Interest expense, net	(115)		(178)		(248)		(13)		(68)		(3,946)		(4,568)
Other, net(3)	(339)		(48)		106		39		(5)		1,984		1,737
Income and mining tax (expense) benefit	(12,075)		(35)		—		(993)		—		11,409		(1,694)
Net Income (loss)	$	15,402	$	(14,650)	$	(2,387)	$	10,261	$	(7,826)	$	6,882	$	7,682

Segment assets(2)	$	288,081	$	618,481	$	149,840	$	91,527	$	234,693	$	127,015	$	1,509,637
Capital expenditures	$	13,611	$	33,050	$	7,924	$	1,361	$	11,859	$	1,697	$	69,502

(1) Excludes amortization

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

(3) See Note 13 -- Additional Comprehensive Income (Loss) Detail for additional detail

(4) Includes Sterling/Crown exploration properties and La Preciosa project that were disposed of in 2022, see Note 21 -- Dispositions contained in the 2022 10-K for additional information.

Consolidated Assets



Assets	March 31, 2023		December 31, 2022
Total assets for reportable segments	$	1,737,001	$	1,669,982
Cash and cash equivalents	66,977		61,464
Other assets	85,427		114,697
Total consolidated assets	$	1,889,405	$	1,846,143

Long Lived Assets by Country

Geographic Information


Long-Lived Assets	March 31, 2023		December 31, 2022
United States	$	974,500	$	899,960
Mexico	255,008		251,950
Canada	236,952		237,723
Other	122		122
Total	$	1,466,582	$	1,389,755

Revenue by Country


Revenue	Three months ended March 31,
		2023		2022
United States		$	104,991	$	105,331
Mexico		82,307		83,073

Total		$	187,298	$	188,404