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OPERATING SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2020

OPERATING SEGMENT REPORTING

Schedule of the financial information relating to the Company's segments

Three months ended June 30, 2020

USA

Canada

Mexico

MSC

Los Azules

Total

Revenue from gold and silver sales

$

10,770

$

4,166

$

3,355

$

—

$

—

$

18,291

Production costs applicable to sales

(11,039)

(8,150)

(3,165)

—

—

(22,354)

Depreciation and depletion

(2,565)

(2,184)

(63)

—

—

(4,812)

Gross (loss) profit

(2,834)

(6,168)

127

—

—

(8,875)

Advanced projects

(183)

(1,760)

(944)

—

—

(2,887)

Exploration

(2,031)

(840)

(36)

—

(641)

(3,548)

Loss from investment in Minera Santa Cruz S.A.

—

—

—

(1,045)

—

(1,045)

Other operating

(1,390)

(578)

—

—

—

(1,968)

Segment loss

$

(6,438)

$

(9,346)

$

(853)

$

(1,045)

$

(641)

$

(18,323)

General and Administrative and other

(1,521)

Loss before income and mining taxes

$

(19,844)

Capital expenditures

$

2,799

211

—

—

—

$

3,010

Six months ended June 30, 2020

USA

Canada

Mexico

MSC

Los Azules

Total

Revenue from gold and silver sales

$

25,088

$

16,905

$

7,698

$

—

$

—

$

49,691

Production costs applicable to sales

(28,071)

(15,357)

(7,313)

—

—

(50,741)

Depreciation and depletion

(6,428)

(4,932)

(150)

—

—

(11,510)

Gross (loss) profit

(9,411)

(3,384)

235

—

—

(12,560)

Advanced projects

(548)

(2,826)

(2,063)

—

—

(5,437)

Exploration

(2,840)

(3,245)

(36)

—

(1,217)

(7,338)

Impairment of mineral property interests and plant and equipment (note 9)

(83,805)

—

—

—

—

(83,805)

Loss from investment in Minera Santa Cruz S.A.

—

—

—

(3,721)

—

(3,721)

Other operating

(1,390)

(578)

—

—

—

(1,968)

Segment loss

$

(97,994)

$

(10,033)

$

(1,864)

$

(3,721)

$

(1,217)

$

(114,829)

General and Administrative and other

(5,300)

Loss before income and mining taxes

$

(120,129)

Capital expenditures

$

4,606

$

3,940

$

—

$

—

$

—

$

8,546


Three months ended June 30, 2019		USA			Canada			Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	11,522		$	16,049		$	8,812		$	—		$	—		$	36,383
Production costs applicable to sales			(7,835)			(10,639)			(6,225)			—			—			(24,699)
Depreciation and depletion			(2,568)			(4,221)			(218)			—			—			(7,007)
Gross profit			1,119			1,189			2,369			—			—			4,677

Advanced projects			(390)			—			(1,705)			—			—			(2,095)
Exploration			(1,292)			(4,062)			—			—			(518)			(5,872)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(4,137)			—			(4,137)
Segment (loss) income		$	(563)		$	(2,873)		$	664		$	(4,137)		$	(518)		$	(7,427)
General and Administrative and other																		(6,088)
Loss before income and mining taxes																	$	(13,515)

Capital expenditures		$	3,606		$	4,518		$	—		$	—		$	—		$	8,124


Six months ended June 30, 2019		USA			Canada			Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	12,364		$	24,992		$	14,610		$	—		$	—		$	51,966
Production costs applicable to sales			(8,643)			(16,475)			(10,730)			—			—			(35,848)
Depreciation and depletion			(2,720)			(6,931)			(362)			—			—			(10,013)
Gross profit			1,001			1,586			3,518			—			—			6,105

Advanced projects			(586)			—			(4,155)			—			—			(4,741)
Exploration			(1,902)			(6,483)			—			—			(1,637)			(10,022)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(6,447)			—			(6,447)
Segment loss		$	(1,487)		$	(4,897)		$	(637)		$	(6,447)		$	(1,637)		$	(15,105)
General and Administrative and other																		(8,428)
Loss before income and mining taxes																	$	(23,533)

Capital expenditures		$	16,614		$	7,875		$	—		$	—		$	—		$	24,489

Schedule Of Geographic Information

Geographic information

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


		Long-lived Assets						Revenue ⁽¹⁾
		June 30,			December 31,			Three months ended June 30,						Six months ended June 30,
		2020			2019			2020			2019			2020			2019
USA		$	50,906		$	135,854		$	10,770		$	11,522		$	25,088		$	12,364
Canada			76,697			77,147			4,166			16,049			16,905			24,992
Mexico			20,139			23,551			3,355			8,812			7,698			14,610
Argentina ⁽²⁾			297,670			302,598			—			—			—			—
Total consolidated ⁽³⁾		$	445,412		$	539,150		$	18,291		$	36,383		$	49,691		$	51,966

(1)	Presented based on the location from which the product originated.

(2)	Includes Investment in MSC of $106.2 million as of June 30, 2020 (December 31, 2019 – $110.2 million).

(3)	Total excludes $1.1 million related to the Company's office lease asset as the business activities related to corporate are not considered to be a part of the operating segments.