Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

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, 2025	Las Chispas (5)		Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	27,882	$	43,695	$	41,783	$	65,207	$	56,760	$	—	$	—	$	235,327
Silver sales	30,137		52,111		40,843		36		1,608		—		—		124,735
Metal sales	58,019		95,806		82,626		65,243		58,368		—		—		360,062
Costs and Expenses
Costs applicable to sales(1)	42,834		43,703		48,536		42,156		27,037		—		—		204,266
Amortization	8,936		9,181		14,907		7,471		1,474		946		178		43,093
Exploration	1,878		3,860		1,467		3,301		2,629		6,107		440		19,682
Other operating expenses(2)	67		1,629		2,754		570		1,188		3,078		21,579		30,865
Costs and expenses	53,715		58,373		67,664		53,498		32,328		10,131		22,197		297,906
Income (loss) from operations	4,304		37,433		14,962		11,745		26,040		(10,131)		(22,197)		62,156
Other income (expense)
Fair value adjustments, net	—		—		(346)		—		—		—		—		(346)
Interest expense, net	(17)		15		(2,258)		(177)		(98)		—		(7,915)		(10,450)
Other, net(3)	428		(688)		(88)		(85)		(43)		97		785		406
Income (loss) before income and mining taxes	4,715		36,760		12,270		11,483		25,899		(10,034)		(29,327)		51,766
Income and mining tax (expense) benefit	(1,852)		(11,099)		(613)		(488)		(2,522)		—		(1,839)		(18,413)
Net Income (loss)	$	2,863	$	25,661	$	11,657	$	10,995	$	23,377	$	(10,034)	$	(31,166)	$	33,353
Segment assets(4)	$	1,717,053	$	312,023	$	1,229,683	$	233,190	$	124,776	$	219,103	$	62,948	$	3,898,776
Capital expenditures	$	5,338	$	5,857	$	14,853	$	15,473	$	7,364	$	854	$	263	$	50,002

(1) Excludes amortization.

(2) Other operating expenses include General and administrative and Pre-development, reclamation, and other

(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail.

(4) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.

(5) Las Chispas was acquired through the SilverCrest Transaction. Financial results presented correspond to the period after the acquisition. See Note 3 - Acquisitions for further information.

Three Months Ended March 31, 2024	Palmarejo		Rochester		Kensington		Wharf		Silvertip		Other		Total
Revenue
Gold sales	$	53,902	$	12,681	$	43,485	$	41,701	$	—	$	—	$	151,769
Silver sales	42,476		17,148		34		1,633		—		—		61,291
Metal sales	96,378		29,829		43,519		43,334		—		—		213,060
Costs and Expenses
Costs applicable to sales(1)	54,294		26,999		39,289		25,415		—		—		145,997
Amortization	12,602		6,633		5,596		1,393		852		221		27,297
Exploration	2,485		431		1,545		123		5,280		627		10,491
Other operating expenses(2)	2,254		5,750		7,626		1,101		2,705		13,196		32,632
Costs and expenses	71,635		39,813		54,056		28,032		8,837		14,044		216,417
Income (loss) from operations	24,743		(9,984)		(10,537)		15,302		(8,837)		(14,044)		(3,357)
Other income (expense)
Gain on debt extinguishment	—		—		—		—		—		438		438
Fair value adjustments, net	—		—		—		—		—		—		—
Interest expense, net	(26)		(1,340)		(471)		(152)		(6)		(10,952)		(12,947)
Other, net(3)	546		30		(81)		(42)		(58)		2,378		2,773
Income (loss) before income and mining taxes	25,263		(11,294)		(11,089)		15,108		(8,901)		(22,180)		(13,093)
Income and mining tax (expense) benefit	(11,683)		234		—		(1,136)		—		(3,439)		(16,024)
Net Income (loss)	$	13,580	$	(11,060)	$	(11,089)	$	13,972	$	(8,901)	$	(25,619)	$	(29,117)
Segment assets(4)	$	314,217	$	1,110,479	$	182,085	$	102,351	$	214,522	$	57,607	$	1,981,261
Capital expenditures	$	6,761	$	21,243	$	13,258	$	308	$	509	$	4	$	42,083

(1) Excludes amortization.

(2) Other operating expenses includes General and administrative and Pre-development, reclamation, and other

(3) See Note 14 -- Additional Comprehensive Income (Loss) Detail for additional detail.

(4) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.

Consolidated Assets

Assets	March 31, 2025		December 31, 2024
Total assets for reportable segments	$	3,898,776	$	2,161,881
Cash and cash equivalents	77,574		55,087
Other assets	90,543		84,779
Total consolidated assets	$	4,066,893	$	2,301,747

Long Lived Assets by Country

Geographic Information

Long-Lived Assets	March 31, 2025		December 31, 2024
United States	$	1,310,753	$	1,312,976
Mexico	1,818,914		267,144
Canada	236,900		237,263
Other	233		233
Total	$	3,366,800	$	1,817,616

Revenue from External Customers by Geographic Areas

Revenue	Three months ended March 31,
	2025		2024
United States	$	206,237	$	116,682
Mexico	153,825		96,378
Total	$	360,062	$	213,060