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OPERATING SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2022

OPERATING SEGMENT REPORTING

Schedule of significant information relating to reportable operating segments

Three months ended September 30, 2022

USA

Canada

Mexico

MSC

Los Azules

Total

Revenue from gold and silver sales

$

12,596

$

13,058

$

334

$

—

$

—

$

25,988

Production costs applicable to sales

(12,357)

(6,196)

(1,619)

—

—

(20,172)

Depreciation and depletion

(1,514)

(2,799)

—

—

—

(4,313)

Gross profit (loss)

(1,275)

4,063

(1,285)

—

—

1,503

Advanced projects

(4)

(30)

(1,160)

—

(7,623)

(8,817)

Exploration

(1,055)

(2,733)

—

—

(141)

(3,929)

Income from investment in Minera Santa Cruz S.A.

—

—

—

758

—

758

Segment income (loss)

$

(2,334)

$

1,300

$

(2,445)

$

758

$

(7,764)

$

(10,485)

General and administrative and other

(581)

Loss before income and mining taxes

$

(11,066)

Capital expenditures

$

1,012

$

4,080

$

2,827

$

—

$

159

$

8,078

Nine months ended September 30, 2022

USA

Canada

Mexico

MSC

Los Azules

Total

Revenue from gold and silver sales

$

34,334

$

46,200

$

1,643

$

—

$

—

$

82,177

Production costs applicable to sales

(34,834)

(26,103)

(10,002)

—

—

(70,939)

Depreciation and depletion

(3,275)

(8,219)

—

—

—

(11,494)

Gross profit (loss)

(3,775)

11,878

(8,359)

—

—

(256)

Advanced projects

(52)

(227)

(3,135)

—

(31,460)

(34,874)

Exploration

(3,747)

(7,056)

—

—

(629)

(11,432)

Impairment of mineral property interests and plant and equipment (Note 8)

—

—

—

—

—

—

Income from investment in Minera Santa Cruz S.A.

—

—

—

2,149

—

2,149

Segment income (loss)

$

(7,574)

$

4,595

$

(11,494)

$

2,149

$

(32,089)

$

(44,413)

General and Administrative and other

(938)

Loss before income and mining taxes

$

(45,351)

Capital expenditures

$

1,508

$

11,633

$

2,827

$

—

$

544

$

16,512


Three months ended September 30, 2021		USA			Canada			Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	21,683		$	14,227		$	1,219		$	—		$	—		$	37,129
Production costs applicable to sales			(18,753)			(9,635)			(2,372)			—			—			(30,760)
Depreciation and depletion			(2,140)			(3,885)			—			—			—			(6,025)
Gross profit (loss)			790			707			(1,153)			—			—			344

Advanced projects			(234)			(871)			(1,872)			—			(1,036)			(4,013)
Exploration			(1,432)			(4,817)			4			—			—			(6,245)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(2,650)			—			(2,650)
Segment loss		$	(876)		$	(4,981)		$	(3,021)		$	(2,650)		$	(1,036)		$	(12,564)
General and administrative and other																		(5,678)
Loss before income and mining taxes																	$	(18,242)

Capital expenditures		$	353		$	10,775		$	—		$	—		$	—		$	11,128


Nine months ended September 30, 2021		USA			Canada			Mexico			MSC			Los Azules			Total
Revenue from gold and silver sales		$	60,919		$	34,966		$	5,690		$	—		$	—		$	101,575
Production costs applicable to sales			(53,376)			(22,622)			(9,483)			—			—			(85,481)
Depreciation and depletion			(6,208)			(10,469)			—			—			—			(16,677)
Gross profit (loss)			1,335			1,875			(3,793)			—			—			(583)

Advanced projects			(203)			(2,058)			(3,338)			—			(1,036)			(6,635)
Exploration			(3,887)			(12,532)			(14)			—			(1,684)			(18,117)
Loss from investment in Minera Santa Cruz S.A.			—			—			—			(5,077)			—			(5,077)
Segment loss		$	(2,755)		$	(12,715)		$	(7,145)		$	(5,077)		$	(2,720)		$	(30,412)
General and Administrative and other																		(9,322)
Loss before income and mining taxes																	$	(39,734)

Capital expenditures		$	1,110		$	20,342		$	—		$	—		$	—		$	21,452

Schedule of geographic information


		Long-lived Assets						Revenue ⁽¹⁾						Revenue ⁽¹⁾
		September 30,			December 31,			Three months ended September 30,						Nine months ended September 30,
		2022			2021			2022			2021			2022			2021
USA		$	38,404		$	37,877		$	12,596		$	21,683		$	34,334		$	60,919
Canada			95,570			93,294			13,058			14,227			46,200			34,966
Mexico			29,385			26,561			334			1,219			1,643			5,690
Argentina ⁽²⁾			285,709			282,583			—			—			—			—
Total consolidated ⁽³⁾		$	449,068		$	440,315		$	25,988		$	37,129		$	82,177		$	101,575

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

(2)	Includes Investment in MSC and other subsidiaries of $92.8 million as of September 30, 2022 (December 31, 2021 – $90.9 million).

(3)	Total excludes $0.4 million related to the Company's Right of use office lease asset as the business activities related to corporate are not considered to be a part of the operating segments.