OPERATING SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2019

Significant information relating to the Company’s reportable operating segments is summarized in the tables below:


Three months ended March 31, 2019	Mexico		MSC		Los Azules		USA			Canada	Total
Gold and silver sales	$	5,798	$	—	$	—	$	842	$	8,943	$	15,583
Other revenue		—		—		—		57		—		57
Production costs applicable to sales		(3,925)		—		—		(748)		(8,495)		(13,168)
Mine development costs		(776)		—		—		—		—		(776)
Exploration costs		—		—		(913)		(484)		(2,392)		(3,789)
Property holding costs		(1,197)		—		(20)		(341)		(50)		(1,608)
General and administrative costs		(1,202)		—		(184)		(195)		(28)		(1,609)
Loss from investment in Minera Santa Cruz S.A. (net of amortization)		—		(2,310)		—		—		—		(2,310)
Segment loss	$	(1,302)	$	(2,310)	$	(1,117)	$	(869)	$	(2,022)	$	(7,620)
Corporate and other
General and administrative costs											$	(2,262)
Depreciation												(152)
Revision of estimates and accretion of reclamation obligations												(461)
Interest and other expense												(513)
Gain on investments												827
Foreign currency gain												163
Net loss before income and mining taxes											$	(10,018)


Three months ended March 31, 2018	Mexico		MSC		Los Azules		USA		Canada		Total
Gold and silver sales	$	25,417	$	—	$	—	$	—	$	15,624	$	41,041
Other revenue		—		—		—		—		244		244
Production costs applicable to sales		(13,608)		—		—		—		(12,786)		(26,394)
Mine development costs		(380)		—		—		—		—		(380)
Exploration costs		(971)		—		(3,207)		(2,000)		(5,276)		(11,454)
Property holding costs		(1,149)		—		(40)		(179)		(43)		(1,411)
General and administrative costs		(829)		—		(278)		(863)		(88)		(2,058)
Loss from investment in Minera Santa Cruz S.A. (net of amortization)		—		(212)		—		—		—		(212)
Segment income (loss)	$	8,480	$	(212)	$	(3,525)	$	(3,042)	$	(2,325)	$	(624)
Corporate and other
General and administrative costs											$	(3,129)
Depreciation												(360)
Revision of estimates and accretion of reclamation obligations												(294)
Interest and other expense												(134)
Loss on investments												(2,735)
Foreign currency gain												927
Net loss before income and mining taxes											$	(6,349)


Three months ended March 31, 2018	Mexico		MSC		Los Azules		USA		Canada		Total
Gold and silver sales	$	25,417	$	—	$	—	$	—	$	15,624	$	41,041
Other revenue		—		—		—		—		244		244
Production costs applicable to sales		(13,608)		—		—		—		(12,786)		(26,394)
Mine development costs		(380)		—		—		—		—		(380)
Exploration costs		(971)		—		(3,207)		(2,000)		(5,276)		(11,454)
Property holding costs		(1,149)		—		(40)		(179)		(43)		(1,411)
General and administrative costs		(829)		—		(278)		(863)		(88)		(2,058)
Loss from investment in Minera Santa Cruz S.A. (net of amortization)		—		(212)		—		—		—		(212)
Segment income (loss)	$	8,480	$	(212)	$	(3,525)	$	(3,042)	$	(2,325)	$	(624)
Corporate and other
General and administrative costs											$	(3,129)
Depreciation												(360)
Revision of estimates and accretion of reclamation obligations												(294)
Interest and other expense												(134)
Loss on investments												(2,735)
Foreign currency gain												927
Net loss before income and mining taxes											$	(6,349)

Geographic information

Geographic information includes the long-lived assets balance and revenues presented for the company’s operating segments, as follows:

(1)

Presented based on the location from which the product originated.

Includes Investment in MSC of $123.5 million as of March 31, 2019 (December 31, 2018 – $127.8 million).