| Schedule of Information About Reportable Segments |
The tables below present information about our reportable segments for the three months ended March 31, 2026 and 2025 (in thousands):
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Three months ended March 31, 2026 |
Greens Creek |
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Lucky Friday |
|
Keno Hill |
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Total Reportable Segments |
|
Other |
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Total |
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Metal sales |
$ |
250,999 |
|
$ |
109,356 |
|
$ |
46,426 |
|
$ |
406,781 |
|
$ |
— |
|
$ |
406,781 |
|
Environmental remediation services |
|
— |
|
|
— |
|
|
— |
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|
— |
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|
4,652 |
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|
4,652 |
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Intersegment sales |
|
— |
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|
— |
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|
1,639 |
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|
1,639 |
|
|
— |
|
|
1,639 |
|
Reconciliation of sales |
|
250,999 |
|
|
109,356 |
|
|
48,065 |
|
|
408,420 |
|
|
4,652 |
|
|
413,072 |
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Elimination of intersegment sales |
|
— |
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|
— |
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(1,639 |
) |
|
(1,639 |
) |
|
— |
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|
(1,639 |
) |
Total consolidated sales |
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411,433 |
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Cost of sales and other direct production costs |
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Salaries, wages and other benefits |
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20,582 |
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|
20,523 |
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|
8,897 |
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|
50,002 |
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|
178 |
|
|
50,180 |
|
Contractors |
|
2,705 |
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|
3,956 |
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|
2,251 |
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|
8,912 |
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|
4,640 |
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|
13,552 |
|
Materials and consumables |
|
27,595 |
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|
10,445 |
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|
7,273 |
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|
45,313 |
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|
94 |
|
|
45,407 |
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Product inventory change |
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5,383 |
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|
(293 |
) |
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(3,218 |
) |
|
1,872 |
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|
— |
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|
1,872 |
|
Other direct production costs |
|
10,110 |
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|
542 |
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|
2,720 |
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|
13,372 |
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|
27 |
|
|
13,399 |
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Depreciation, depletion and amortization |
|
15,983 |
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|
13,609 |
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|
4,176 |
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|
33,768 |
|
|
— |
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|
33,768 |
|
Gross profit (loss) |
$ |
168,641 |
|
$ |
60,574 |
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$ |
24,327 |
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$ |
253,542 |
|
$ |
(287 |
) |
$ |
253,255 |
|
Other operating expenses (a) |
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30,148 |
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Income from operations |
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223,107 |
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Other Expense: |
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Interest expense |
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(5,656 |
) |
Fair value adjustments, net |
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(5,945 |
) |
Foreign exchange gain, net |
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|
498 |
|
Other income |
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|
3,549 |
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Income before income and mining taxes |
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$ |
215,553 |
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Capital additions |
$ |
6,113 |
|
$ |
17,018 |
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$ |
15,025 |
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$ |
38,156 |
|
$ |
1,109 |
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$ |
39,265 |
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(a) 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.
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Three months ended March 31, 2025 |
Greens Creek |
Lucky Friday |
Keno Hill |
Total Reportable Segments |
Other |
Total |
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Metal sales |
$118,143 |
$63,194 |
$16,909 |
$198,246 |
$— |
$198,246 |
Environmental remediation services |
— |
— |
— |
— |
7,088 |
7,088 |
Intersegment sales |
— |
— |
986 |
986 |
— |
986 |
Reconciliation of sales |
118,143 |
63,194 |
17,895 |
199,232 |
7,088 |
206,320 |
Elimination of intersegment sales |
— |
— |
(986) |
(986) |
— |
(986) |
Total consolidated sales |
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|
205,334 |
Cost of sales and other direct production costs |
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Salaries, wages and employee benefits |
18,253 |
14,776 |
6,472 |
39,501 |
58 |
39,559 |
Contractors |
905 |
3,863 |
3,551 |
8,319 |
6,931 |
15,250 |
Materials and consumables |
25,665 |
11,423 |
5,994 |
43,082 |
106 |
43,188 |
Product inventory change |
901 |
1,182 |
(7,962) |
(5,879) |
— |
(5,879) |
Other direct production costs |
10,325 |
(620) |
5,014 |
14,719 |
— |
14,719 |
Depreciation, depletion and amortization |
13,589 |
13,425 |
2,802 |
29,816 |
— |
29,816 |
Gross profit |
$48,505 |
$19,145 |
$1,038 |
$68,688 |
$(7) |
$68,681 |
Other operating expenses (a) |
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|
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|
21,276 |
Income from operations |
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|
47,405 |
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Other Expense: |
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Interest expense |
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(11,392) |
Fair value adjustments, net |
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|
3,388 |
Foreign exchange loss, net |
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|
(367) |
Other income |
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|
942 |
Income before income and mining taxes |
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$39,976 |
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Capital additions |
$10,759 |
$15,446 |
$10,436 |
$36,641 |
$1,197 |
$37,838 |
(a) Other operating expense items include general and administrative, exploration and pre-development, ramp-up and suspension costs, provision for closed operations and environmental matters, and other operating (income) expense, net. The following table presents total assets by reportable segment as of March 31, 2026 and December 31, 2025 (in thousands):
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March 31, 2026 |
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December 31, 2025 |
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Total assets: |
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Greens Creek |
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$ |
707,216 |
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$ |
640,011 |
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Lucky Friday |
|
|
681,365 |
|
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|
688,997 |
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Keno Hill |
|
|
492,688 |
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|
505,205 |
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Other |
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|
1,495,024 |
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|
974,703 |
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Total assets of reportable segments |
|
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3,376,293 |
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|
|
2,808,916 |
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Assets of discontinued operations |
|
|
— |
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|
|
751,729 |
|
Total assets |
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|
3,376,293 |
|
|
|
3,560,645 |
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