SEGMENT DISCLOSURES [Text Block] | 22. SEGMENT DISCLOSURES The Company's operating segments are based on internal management reports that are reviewed by the Company's executives (the chief operating decision makers) in assessing performance. The Company has two operating mining segments which are located in Mexico, Guanacevà and Bolañitos, the El Compas mine which is on care and maintenance and , the El Cubo mine, which for the prior year included the mine and related assets that were sold in April 2021., The Company has one development project in Mexico, Terronera, as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico,Chile and the USA. Exploration projects that are in the local district surrounding a mine are included in the mine's segments. Comparative period figures related to Terronera, previously reported as part of the exploration segment have been reclassified to conform with current period's presentation. December 31, 2021 Corporate Exploration Guanacevà Bolanitos El Compas El Cubo Terronera Total Cash and cash equivalents $ 67,913 $ 144 $ 27,060 $ 4,234 $ 3,349 $ 236 $ 367 $ 103,303 Other Investments 11,200 - - - - - - 11,200 Accounts and other receivables 35 - 6,706 6,633 308 777 3 14,462 Income tax receivable 137 1 3 2 2 32 - 177 Inventories - - 19,852 7,057 195 351 30 27,485 Prepaid expenses 1,229 118 844 349 20 98 2,477 5,135 Non-current deposits 76 - 321 128 - 74 - 599 Non-current IVA receivable - - 1,434 - - 164 2,658 4,256 Deferred income tax asset - - - 936 - - - 936 Non-current Income tax receivable - - - - - 3,570 - 3,570 Intangible assets 2 1 15 17 2 - 3 40 Right-of-use leased assets 564 - 100 - - - - 664 Mineral property, plant and equipment 373 18,963 54,234 27,371 2,005 - 19,251 122,197 Total assets $ 81,529 $ 19,227 $ 110,569 $ 46,727 $ 5,881 $ 5,302 $ 24,789 $ 294,024 Accounts payable and accrued liabilities $ 9,788 $ 238 $ 15,247 $ 4,667 $ 141 $ 333 $ 1,577 $ 31,991 Income taxes payable 29 - 3,563 636 - - - 4,228 Loans payable 43 - 2,005 4,048 - - 4,398 10,494 Lease obligations 896 - 105 - - - 1,001 Provision for reclamation and rehabilitation - - 3,997 3,237 163 - - 7,397 Deferred income tax liability - - 1,271 235 - - - 1,506 Total liabilities $ 10,756 $ 238 $ 26,083 $ 12,928 $ 304 $ 333 $ 5,975 $ 56,617 December 31, 2020 Corporate Exploration Guanacevà Bolanitos El Compas El Cubo Terronera Total Cash and cash equivalents $ 23,370 $ 471 $ 25,456 $ 6,069 $ 4,579 $ 1,120 $ 18 $ 61,083 Other Investments 4,767 - - - - - - $ 4,767 Accounts and other receivables 1,475 - 6,573 9,321 1,949 642 184 $ 20,144 Income tax receivable - 5 15 12 - 20 - $ 52 Inventories - - 9,252 4,645 2,461 282 - $ 16,640 Prepaid expenses 1,095 77 731 202 20 114 45 $ 2,284 Non-current deposits 76 - 306 135 - 74 - $ 591 Deferred financing costs 294 - - - - - - $ 294 Non-current IVA receivable - - 1,475 - - 347 854 $ 2,676 Deferred income tax asset - - 9,445 3,308 - - - $ 12,753 Intangible assets 11 79 134 135 78 46 9 $ 492 Right-of-use leased assets 649 - - 105 107 - - $ 861 Mineral property, plant and equipment 309 8,658 40,386 24,445 3,584 3,127 7,446 $ 87,955 Goodwill - - - - - - - - Total assets $ 32,046 $ 9,290 $ 93,773 $ 48,377 $ 12,778 $ 5,772 $ 8,556 $ 210,592 Accounts payable and accrued liabilities $ 11,008 $ 610 $ 10,547 $ 3,809 $ 1,018 $ 580 $ 192 $ 27,764 Income taxes payable 4 - 2,367 667 - - - $ 3,038 Loans payable 439 - 3,105 6,128 - - - $ 9,672 Lease obligations 982 - - 112 - - - $ 1,094 Provision for reclamation and rehabilitation - - 2,221 1,978 132 4,545 - $ 8,876 Deferred income tax liability - - 798 279 - - - $ 1,077 Total liabilities $ 12,433 $ 610 $ 19,038 $ 12,973 $ 1,150 $ 5,125 $ 192 $ 51,521 Year ended December 31, 2021 Corporate Exploration Guanacevà Bolanitos El Compas El Cubo Terronera Total Silver sales $ - $ - $ 85,854 $ 10,149 $ 1,254 $ - $ - $ 97,257 Gold sales - - 22,638 38,645 8,739 - - $ 70,022 Less: smelting and refining costs - - - (1,715 ) (244 ) - - $ (1,959 ) Total revenue $ - $ - $ 108,492 $ 47,079 $ 9,749 $ - $ - $ 165,320 Salaries, wages and benefits: mining $ - $ - $ 8,352 $ 5,574 $ 1,314 $ - $ - $ 15,240 processing - - 3,303 1,799 614 - - 5,716 administrative - - 5,406 3,331 823 - - 9,560 stock based compensation - - 180 180 61 - - 421 change in inventory - - (2,946 ) (764 ) 342 - - (3,368 ) Total salaries, wages and benefits - - 14,295 10,120 3,154 - - 27,569 Direct costs: mining - - $ 25,253 $ 11,076 $ 2,746 - - 39,075 processing - - 12,220 5,373 1,205 - - 18,798 administrative - - 5,981 3,813 1,380 - - 11,174 change in inventory - - (5,808 ) (1,306 ) 522 - - (6,592 ) Total direct production costs - - 37,646 18,956 5,853 - - 62,455 Depreciation and depletion: depreciation and depletion - - 11,842 13,696 1,436 - - 26,974 change in inventory - - (3,899 ) (205 ) 1,107 - - (2,997 ) Total depreciation and depletion - - 7,943 13,491 2,543 - - 23,977 Royalties - - 13,165 265 350 3 - 13,783 Write down of inventory to NRV - - 539 357 272 - - 1,168 Total cost of sales $ - $ - $ 73,588 $ 43,189 $ 12,172 $ 3 $ - $ 128,952 Care and maintenance costs - - - - 497 859 - 1,356 Severance costs - - - - 870 - - 870 Impairment (reversal of impairment) - - - - - (16,791 ) - (16,791 ) Earnings (loss) before taxes $ (2,605 ) $ (10,648 ) $ 34,904 $ 3,890 $ (3,790 ) $ 15,929 $ (7,992 ) $ 29,688 Current income tax expense (recovery) - - 3,206 275 - - - 3,481 Deferred income tax expense (recovery) - - 9,924 2,328 - - - 12,252 Total income tax expense (recovery) - - 13,130 2,603 - - - 15,733 Net earnings (loss) $ (2,605 ) $ (10,648 ) $ 21,774 $ 1,287 $ (3,790 ) $ 15,929 $ (7,992 ) $ 13,955 The Exploration segment included $2,178 of costs incurred in Chile for the year ended December 31, 2021 (December 31, 2020- $1,799). Year ended December 31, 2020 Corporate Exploration Guanacevà Bolanitos El Compas El Cubo Terronera Total Silver sales $ - $ - $ 65,501 $ 7,471 $ 1,761 $ - $ - $ 74,733 Gold sales - - 17,458 33,970 14,126 - - $ 65,554 Less: smelting and refining costs - (1,393 ) (433 ) $ (1,826 ) Total revenue $ - $ - $ 82,959 $ 40,048 $ 15,454 $ - $ - $ 138,461 Salaries, wages and benefits: mining $ - $ - $ 5,825 $ 3,660 $ 1,430 $ - $ - $ 10,915 processing - - 1,846 1,275 916 - - 4,037 administrative - - 2,721 2,434 1,142 - - 6,297 stock based compensation - - 114 108 108 - - 330 change in inventory - - (239 ) (172 ) (219 ) - - (630 ) Total salaries, wages and benefits - - 10,267 7,305 3,377 - - 20,949 Direct costs: mining - - 18,324 9,108 3,914 - - 31,346 processing - - 9,549 3,427 2,204 - - 15,180 administrative - - 3,461 2,484 1,835 - - 7,780 change in inventory - - (794 ) (420 ) 390 - - (824 ) Total direct production costs - - 30,540 14,599 8,343 - - 53,482 Depreciation and depletion: depreciation and depletion - - 9,223 9,341 10,793 - - 29,357 change in inventory - - (438 ) (394 ) (389 ) - - (1,221 ) Total depreciation and depletion - - 8,785 8,947 10,404 - - 28,136 Royalties - - 7,407 197 550 - - 8,154 Write down of inventory to NRV - - - - 405 - - 405 Total cost of sales $ - $ - $ 56,999 $ 31,048 $ 23,079 $ - $ - $ 111,126 Care and maintenance costs - - 886 832 504 3,011 - 5,233 Impaiment (reversal of impairment) - - (2,576 ) - 3,000 - - 424 Earnings (loss) before taxes $ (12,976 ) $ (7,323 ) $ 27,650 $ 8,168 $ (11,129 ) $ (3,011 ) $ (2,433 ) $ (1,054 ) Current income tax expense (recovery) - - 2,007 918 68 - - 2,993 Deferred income tax expense (recovery) - - (5,811 ) 774 (169 ) - - (5,206 ) Total income tax expense (recovery) - - (3,804 ) 1,692 (101 ) - - (2,213 ) Net earnings (loss) $ (12,976 ) $ (7,323 ) $ 31,454 $ 6,476 $ (11,028 ) $ (3,011 ) $ (2,433 ) $ 1,159 Costs associated with the suspension of operation activities due to COVID-19 have been recognized as care and maintenance costs. The exploration segment included $1,799 of costs incurred in Chile for the year ended December 31, 2020 (December 31, 2019 - $2,957). |