OPERATING SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2018


Year ended December 31, 2018	Mexico		MSC		Los Azules		USA			Canada	Total
Gold and silver sales	$	66,151	$	—	$	—	$	—	$	62,024	$	128,175
Other revenue		—		—		—		30		617		647
Production costs applicable to sales		(37,429)		—		—		—		(55,900)		(93,329)
Mine development costs		(3,667)		—		—		—		—		(3,667)
Exploration costs		(2,241)		—		(6,015)		(5,174)		(21,372)		(34,802)
Property holding costs		(2,264)		—		(68)		(1,397)		(167)		(3,896)
General and administrative costs		(3,770)		—		(1,046)		(6,562)		(665)		(12,043)
(Loss) from investment in Minera Santa Cruz S.A. (net of amortization)		—		(11,865)		—		—		—		(11,865)
Segment (loss) income	$	16,780	$	(11,865)	$	(7,129)	$	(13,103)	$	(15,463)	$	(30,780)
Corporate and other
General and administrative costs											$	(11,120)
Depreciation												(1,178)
Revision of estimates and accretion of reclamation obligations												(3,464)
Interest and other expense												(1,619)
Gain on sale of assets												(77)
(Loss) gain on investments												(3,324)
Foreign currency gain												3,922
Net (loss) before income and mining taxes											$	(47,640)


Year ended December 31, 2017	Mexico		MSC		Los Azules		USA		Canada		Total
Gold and silver sales	$	55,845	$	—	$	—	$	—	$	11,620	$	67,465
Other revenue		—		—		—		—		259		259
Production costs applicable to sales		(35,292)		—		—		—		(9,888)		(45,180)
Mine development costs		(745)		—		—		(3,092)		—		(3,837)
Exploration costs		(5,610)		—		(7,923)		(2,132)		(1,544)		(17,209)
Property holding costs		(2,131)		—		(56)		(1,667)		(25)		(3,879)
Impairment of mineral property interests and property and equipment		(711)		—		—		—		—		(711)
General and administrative costs		(3,772)		—		(1,242)		(1,927)		(92)		(7,033)
(Loss) from investment in Minera Santa Cruz S.A. (net of amortization)		—		(44)		—		—		—		(44)
Segment income (loss)	$	7,584	$	(44)	$	(9,221)	$	(8,818)	$	330	$	(10,169)
Corporate and other
Other exploration costs											$	(505)
General and administrative costs												(11,839)
Depreciation												(1,453)
Revision of estimates and accretion of reclamation obligations												(2,061)
Interest and other income												(938)
Gain on sale of assets												11
(Loss) gain on investments												257
Foreign currency gain												694
Net (loss) before income and mining taxes											$	(26,003)


Year ended December 31, 2016	Mexico		MSC		Los Azules		USA		Canada		Total
Gold and silver sales	$	60,388	$	—	$	—	$	—	$	—	$	60,388
Production costs applicable to sales		(28,133)		—		—		—		—		(28,133)
Mine development costs		(1,174)		—		—		(2,692)		—		(3,866)
Exploration costs		(4,100)		—		(1,649)		(1,973)		—		(7,722)
Property holding costs		(1,642)		—		(405)		(1,489)		—		(3,536)
General and administrative costs		(2,688)		—		(646)		(228)		—		(3,562)
Income from investment in Minera Santa Cruz S.A. (net of amortization)		—		12,951		—		—		—		12,951
Segment income (loss)	$	22,651	$	12,951	$	(2,700)		(6,382)	$	—	$	26,520
Corporate and other
Other exploration costs											$	(237)
General and administrative costs												(9,172)
Depreciation												(1,169)
Revision of estimates and accretion of reclamation obligations												(595)
Interest and other income												835
Gain on sale of assets												24
(Loss) gain on investments												519
Foreign currency gain												581
Net income before income and mining taxes											$	17,306

Geographic information

Geographic information includes the long-lived assets balance and revenues presented for the Company’s operating segments.

(1)

Presented based on the location from which the product originated.

(2)

Includes Investment in MSC of $127.8 million as of December 31, 2018 (December 31, 2017 - $151.0 million).


	Capital Expenditures
	Year ended December 31,
	2018		2017		2016
Mexico	$	(3,107)	$	939	$	5,401
Los Azules		—		—		—
Canada		(1,110)		4,301		—
USA		83,613		6,271		764
Consolidated total for capital expenditures	$	79,396	$	11,511	$	6,165