Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

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


Three Months Ended June 30, 2023	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	35,296	$	12,638	$	24,538	$	48,883	$	—	$	—	$	121,355
Silver sales	37,432		16,463		63		1,922		—		—		55,880


Metal sales	72,728		29,101		24,601		50,805		—		—		177,235
Costs and Expenses
Costs applicable to sales(1)	46,591		26,068		39,149		27,829		—		—		139,637
Amortization	8,017		3,649		4,801		1,805		1,021		302		19,595
Exploration	1,614		279		2,327		—		(1,628)		328		2,920

Other operating expenses	2,233		2,048		984		1,029		4,977		8,566		19,837
Other income (expense)
Gain on debt extinguishment	—		—		—		—		—		2,961		2,961
Fair value adjustments, net	—		—		—		—		—		(3,922)		(3,922)
Interest expense, net	178		(287)		(325)		(30)		(18)		(6,430)		(6,912)
Other, net(3)	3,022		(399)		(56)		145		(94)		(12,537)		(9,919)
Income and mining tax (expense) benefit	(6,220)		137		—		(2,301)		—		(1,482)		(9,866)
Net Income (loss)	$	11,253	$	(3,492)	$	(23,041)	$	17,956	$	(4,482)	$	(30,606)	$	(32,412)

Segment assets(2)	$	311,609	$	977,958	$	160,145	$	103,249	$	217,831	$	61,920	$	1,832,712
Capital expenditures	$	11,914	$	61,458	$	11,656	$	150	$	138	$	265	$	85,581

(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 June 30, 2022	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	44,127	$	15,199	$	50,030	$	37,269	$	—	$	—	$	146,625
Silver sales	41,837		15,304		233		124		—		—		57,498


Metal sales	85,964		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
Amortization	9,737		4,961		9,369		2,248		1,259		391		27,965
Exploration	1,686		1,466		1,218		—		(262)		1,171		5,279

Other operating expenses	752		1,830		308		527		5,090		9,958		18,465
Other income (expense)
Gain on debt extinguishment	—		—		—		—		—		—		—
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 13 -- Additional Comprehensive Income (Loss) Detail for additional detail


Six Months Ended June 30, 2023	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	75,903	$	28,685	$	64,662	$	79,206	$	—	$	—	$	248,456
Silver sales	79,132		34,316		137		2,492		—		—		116,077


Metal sales	155,035		63,001		64,799		81,698		—		—		364,533
Costs and Expenses
Costs applicable to sales(1)	95,856		68,933		76,531		51,373		—		—		292,693
Amortization	16,736		8,867		10,645		3,214		2,242		599		42,303
Exploration	2,927		662		3,323		—		(131)		789		7,570

Other operating expenses	3,759		4,073		1,968		2,043		11,523		19,444		42,810
Other income (expense)
Gain on debt extinguishment	—		—		—		—		—		2,961		2,961
Fair value adjustments, net	—		—		—		—		—		6,639		6,639
Interest expense, net	300		(462)		(855)		(44)		(40)		(13,200)		(14,301)
Other, net(3)	2,884		(492)		(127)		(331)		(103)		(12,711)		(10,880)
Income and mining tax (expense) benefit	(15,922)		376		—		(2,720)		—		(2,308)		(20,574)
Net Income (loss)	$	23,019	$	(20,112)	$	(28,650)	$	21,973	$	(13,777)	$	(39,451)	$	(56,998)

Segment assets(2)	$	311,609	$	977,958	$	160,145	$	103,249	$	217,831	$	61,920	$	1,832,712
Capital expenditures	$	22,064	$	113,420	$	22,358	$	271	$	807	$	709	$	159,629

(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


Six Months Ended June 30, 2022	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	84,201	$	26,251	$	94,089	$	71,535	$	—	$	—	$	276,076
Silver sales	84,836		30,621		478		516		—		—		116,451


Metal sales	169,037		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
Amortization	19,123		9,671		17,991		4,309		2,518		786		54,398
Exploration	3,296		3,408		1,620		—		(262)		2,635		10,697

Other operating expenses	1,673		3,661		923		1,039		11,584		21,269		40,149
Other income (expense)
Gain on debt extinguishment	—		—		—		—		—		—		—
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 13 -- Additional Comprehensive Income (Loss) Detail for additional detail



Assets	June 30, 2023		December 31, 2022
Total assets for reportable segments	$	1,832,712	$	1,669,982
Cash and cash equivalents	56,845		61,464
Other assets	82,547		114,697
Total consolidated assets	$	1,972,104	$	1,846,143

Geographic Information