Note 6. Business Segments

6 Months Ended

Jun. 30, 2011

Segment Reporting Disclosure [Text Block]

Note 6. Business Segments

We are currently organized and managed by two reporting segments: the Greens Creek unit and the Lucky Friday unit.

General corporate activities not associated with operating units and their various exploration activities, as well as discontinued operations and idle properties, are presented as “other.”  Interest expense, interest income and income taxes are considered general corporate items, and are not allocated to our segments.

The following tables present information about reportable segments for the three and six months ended June 30, 2011 and 2010 (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Net sales from operations to customers:
Greens Creek	$	81,816		$	66,941		$	183,618		$	123,482
Lucky Friday		36,044			21,690			70,606			45,024
	$	117,860		$	88,631		$	254,224		$	168,506
Income (loss) from operations:
Greens Creek	$	45,054		$	27,662		$	103,563		$	43,786
Lucky Friday		20,596			8,625			40,508			18,306
Other		(11,859	)		(11,695	)		(21,545	)		(21,846	)
	$	53,791		$	24,592		$	122,526		$	40,246

The following table presents identifiable assets by reportable segment as of June 30, 2011 and December 31, 2010 (in thousands):

	June 30,		December 31,
	2011		2010
Identifiable assets:
Greens Creek	$	753,190	$	740,573
Lucky Friday		195,773		170,928
Other		511,426		470,992
	$	1,460,389	$	1,382,493