Note 2 - Business Segments and Sales of Products (Tables)

3 Months Ended

Mar. 31, 2025

Table Text Block [Abstract]

Schedule of Information About Reportable Segments

The tables below present information about our reportable segments for the three months ended March 31, 2025 and 2024 (in thousands):

Three months ended March 31, 2025	Greens Creek		Lucky Friday			Keno Hill			Casa Berardi			Other			Total
Metal sales	$	118,143	$	63,194		$	16,909		$	56,005		$	—		$	254,251
Environmental remediation services		—		—			—			—			7,088			7,088
Intersegment sales		—		—			986			—			—			986
Reconciliation of sales		118,143		63,194			17,895			56,005			7,088			262,325
Elimination of intersegment sales		—		—			(986	)		—			—			(986	)
Total consolidated sales																261,339
Cost of sales and other direct production costs
Salaries, wages and other benefits		18,253		14,776			6,472			13,190			58			52,749
Contractors		905		3,863			3,551			10,665			6,931			25,915
Materials and consumables		25,665		11,423			5,994			14,571			106			57,759
Product inventory change		901		1,182			(7,962	)		(3,261	)		—			(9,140	)
Other direct production costs		10,325		(620	)		5,014			6,948			—			21,667
Depreciation, depletion and amortization		13,589		13,425			2,802			8,569			—			38,385
Gross profit (loss)	$	48,505	$	19,145		$	1,038		$	5,323		$	(7	)	$	74,004
Other operating expenses (a)																21,649
Income from operations																52,355
Other Expense:
Interest expense																(11,551	)
Fair value adjustments, net																3,627
Foreign exchange loss, net																(356	)
Other income																942
Income before income and mining taxes															$	45,017
Capital additions	$	10,759	$	15,446		$	10,436		$	16,257		$	1,197		$	54,095

(a) Other operating expense items include general and administrative, exploration and pre-development, provision for closed operations and environmental matters, ramp-up and suspension costs and other operating (income) expense, net.

Three months ended March 31, 2024	Greens Creek			Lucky Friday			Keno Hill			Casa Berardi			Other		Total
Metal sales	$	97,310		$	35,340		$	10,846		$	41,585		$	—	$	185,081
Environmental remediation services		—			—			—			—			4,447		4,447
Intersegment sales		—			—			321			—			—		321
Reconciliation of sales		97,310			35,340			11,167			41,585			4,447		189,849
Elimination of intersegment sales		—			—			(321	)		—			—		(321	)
Total consolidated sales																189,528
Cost of sales and other direct production costs
Salaries, wages and employee benefits		17,307			11,582			6,736			12,744			67		48,436
Contractors		1,649			2,803			4,738			5,223			3,589		18,002
Materials and consumables		26,453			10,168			7,586			12,827			185		57,219
Product inventory change		(2,196	)		(2,101	)		(5,760	)		(1,739	)		—		(11,796	)
Other direct production costs		12,201			(645	)		2,616			6,255			44		20,471
Transfer to ramp-up and suspension costs(a)		—			(2,200	)		(8,671	)		—			—		(10,871	)
Depreciation, depletion and amortization		14,443			7,912			3,601			22,951			—		48,907
Gross profit (loss)	$	27,453		$	7,821		$	—		$	(16,676	)	$	562	$	19,160
Other operating expenses (b)																14,096
Income from operations																5,064
Other Expense:
Interest expense																(12,644	)
Fair value adjustments, net																(1,852	)
Foreign exchange gain, net																3,982
Other income																1,512
Loss before income and mining taxes															$	(3,938	)
Capital additions	$	8,827		$	14,988		$	10,346		$	13,316		$	112	$	47,589

(a) Total cost of sales in excess of sales value are transferred to ramp-up and suspension costs.

(b) Other operating expense items include general and administrative, exploration and pre-development, ramp-up and suspension costs, provision for closed operations and environmental matters, and other operating (income) expense, net.

The following table presents total assets by reportable segment as of March 31, 2025 and December 31, 2024 (in thousands):

	March 31, 2025		December 31, 2024
Total assets:
Greens Creek	$	576,744	$	564,334
Lucky Friday		598,453		587,945
Keno Hill		429,660		413,982
Casa Berardi		695,463		687,080
Other		723,237		727,719
	$	3,023,557	$	2,981,060

Schedule of Sales of Products by Metal

Sales by metal for the three months ended March 31, 2025 and 2024 were as follows (in thousands):

	Three Months Ended March 31,
	2025			2024
Silver	$	118,153		$	86,233
Gold		87,188			67,415
Lead		22,106			19,483
Zinc		33,125			24,964
Copper		391			—
Less: Smelter and refining charges		(6,712	)		(13,014	)
Total metal sales		254,251			185,081
Environmental remediation services		7,088			4,447
Total sales	$	261,339		$	189,528