| Schedule of Information About Reportable Segments |
The tables below present information about our reportable segments for the three and nine months ended September 30, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2026 |
Greens Creek |
|
Lucky Friday |
|
Keno Hill |
|
Total Reportable Segments |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metal sales |
$ |
222,216 |
|
$ |
100,066 |
|
$ |
50,172 |
|
$ |
372,454 |
|
$ |
— |
|
$ |
372,454 |
|
Environmental remediation services |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
22,366 |
|
|
22,366 |
|
Intersegment sales |
|
— |
|
|
— |
|
|
5,860 |
|
|
5,860 |
|
|
— |
|
|
5,860 |
|
Reconciliation of sales |
|
222,216 |
|
|
100,066 |
|
|
56,032 |
|
|
378,314 |
|
|
22,366 |
|
|
400,680 |
|
Elimination of intersegment sales |
|
— |
|
|
— |
|
|
(5,860 |
) |
|
(5,860 |
) |
|
— |
|
|
(5,860 |
) |
Total consolidated sales |
|
|
|
|
|
|
|
|
|
|
|
394,820 |
|
Salaries, wages and other benefits |
|
20,282 |
|
|
18,086 |
|
|
8,816 |
|
|
47,184 |
|
|
253 |
|
|
47,437 |
|
Contractors |
|
2,882 |
|
|
3,684 |
|
|
4,619 |
|
|
11,185 |
|
|
19,343 |
|
|
30,528 |
|
Materials and consumables |
|
27,159 |
|
|
10,226 |
|
|
8,114 |
|
|
45,499 |
|
|
2,798 |
|
|
48,297 |
|
Product inventory change |
|
12,561 |
|
|
535 |
|
|
1,596 |
|
|
14,692 |
|
|
— |
|
|
14,692 |
|
Other direct production costs |
|
13,283 |
|
|
1,694 |
|
|
2,257 |
|
|
17,234 |
|
|
9 |
|
|
17,243 |
|
Depreciation, depletion and amortization |
|
15,621 |
|
|
14,985 |
|
|
5,943 |
|
|
36,549 |
|
|
— |
|
|
36,549 |
|
Gross profit (loss) |
$ |
130,428 |
|
$ |
50,856 |
|
$ |
18,827 |
|
$ |
200,111 |
|
$ |
(37 |
) |
$ |
200,074 |
|
Other operating expenses (a) |
|
|
|
|
|
|
|
|
|
|
|
42,920 |
|
Income from operations |
|
|
|
|
|
|
|
|
|
|
|
157,154 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
(620 |
) |
Fair value adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
26,691 |
|
Foreign exchange loss, net |
|
|
|
|
|
|
|
|
|
|
|
(652 |
) |
Other income |
|
|
|
|
|
|
|
|
|
|
|
7,575 |
|
Income before income and mining taxes |
|
|
|
|
|
|
|
|
|
|
$ |
190,148 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital investments |
$ |
11,746 |
|
$ |
23,655 |
|
$ |
11,205 |
|
$ |
46,606 |
|
$ |
5,108 |
|
$ |
51,714 |
|
(a) Other operating expense items include general and administrative, exploration and pre-development, care and maintenance, provision for closed operations and environmental matters, and other operating expense, net.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2025 |
Greens Creek |
|
Lucky Friday |
|
Keno Hill |
|
Total Reportable Segments |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metal sales |
$ |
178,064 |
|
$ |
74,192 |
|
$ |
47,551 |
|
$ |
299,807 |
|
$ |
— |
|
$ |
299,807 |
|
Environmental remediation services |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
16,191 |
|
|
16,191 |
|
Intersegment sales |
|
— |
|
|
— |
|
|
1,928 |
|
|
1,928 |
|
|
— |
|
|
1,928 |
|
Reconciliation of sales |
|
178,064 |
|
|
74,192 |
|
|
49,479 |
|
|
301,735 |
|
|
16,191 |
|
|
317,926 |
|
Elimination of intersegment sales |
|
— |
|
|
— |
|
|
(1,928 |
) |
|
(1,928 |
) |
|
— |
|
|
(1,928 |
) |
Total consolidated sales |
|
|
|
|
|
|
|
|
|
|
|
315,998 |
|
Salaries, wages and other benefits |
|
19,392 |
|
|
16,586 |
|
|
7,377 |
|
|
43,355 |
|
|
177 |
|
|
43,532 |
|
Contractors |
|
2,951 |
|
|
3,669 |
|
|
3,781 |
|
|
10,401 |
|
|
15,665 |
|
|
26,066 |
|
Materials and consumables |
|
27,430 |
|
|
11,398 |
|
|
5,913 |
|
|
44,741 |
|
|
337 |
|
|
45,078 |
|
Product inventory change |
|
5,106 |
|
|
(1,127 |
) |
|
8,057 |
|
|
12,036 |
|
|
— |
|
|
12,036 |
|
Other direct production costs |
|
10,550 |
|
|
644 |
|
|
(1,985 |
) |
|
9,209 |
|
|
4 |
|
|
9,213 |
|
Depreciation, depletion and amortization |
|
16,229 |
|
|
13,471 |
|
|
8,028 |
|
|
37,728 |
|
|
— |
|
|
37,728 |
|
Gross profit |
$ |
96,406 |
|
$ |
29,551 |
|
$ |
16,380 |
|
$ |
142,337 |
|
$ |
8 |
|
$ |
142,345 |
|
Other operating expenses (a) |
|
|
|
|
|
|
|
|
|
|
|
31,362 |
|
Income from operations |
|
|
|
|
|
|
|
|
|
|
|
110,983 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
(13,264 |
) |
Fair value adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
19,828 |
|
Foreign exchange gain, net |
|
|
|
|
|
|
|
|
|
|
|
436 |
|
Other income |
|
|
|
|
|
|
|
|
|
|
|
2,410 |
|
Income before income and mining taxes |
|
|
|
|
|
|
|
|
|
|
$ |
120,393 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital investments |
$ |
12,179 |
|
$ |
16,865 |
|
$ |
14,747 |
|
$ |
43,791 |
|
$ |
634 |
|
$ |
44,425 |
|
(a) Other operating expense items include general and administrative, exploration and pre-development, care and maintenance, provision for closed operations and environmental matters, and other operating expense, net.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2026 |
Greens Creek |
|
Lucky Friday |
|
Keno Hill |
|
Total Reportable Segments |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metal sales |
$ |
638,548 |
|
$ |
332,643 |
|
$ |
131,066 |
|
$ |
1,102,257 |
|
$ |
— |
|
$ |
1,102,257 |
|
Environmental remediation services |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
37,847 |
|
|
37,847 |
|
Intersegment sales |
|
— |
|
|
— |
|
|
9,733 |
|
|
9,733 |
|
|
— |
|
|
9,733 |
|
Reconciliation of sales |
|
638,548 |
|
|
332,643 |
|
|
140,799 |
|
|
1,111,990 |
|
|
37,847 |
|
|
1,149,837 |
|
Elimination of intersegment sales |
|
— |
|
|
— |
|
|
(9,733 |
) |
|
(9,733 |
) |
|
— |
|
|
(9,733 |
) |
Total consolidated sales |
|
|
|
|
|
|
|
|
|
|
|
1,140,104 |
|
Salaries, wages and other benefits |
|
60,088 |
|
|
57,274 |
|
|
26,452 |
|
|
143,814 |
|
|
542 |
|
|
144,356 |
|
Contractors |
|
8,304 |
|
|
11,722 |
|
|
10,888 |
|
|
30,914 |
|
|
34,634 |
|
|
65,548 |
|
Materials and consumables |
|
81,476 |
|
|
31,246 |
|
|
23,344 |
|
|
136,066 |
|
|
2,381 |
|
|
138,447 |
|
Product inventory change |
|
8,338 |
|
|
1,699 |
|
|
(2,112 |
) |
|
7,925 |
|
|
— |
|
|
7,925 |
|
Other direct production costs |
|
34,247 |
|
|
2,427 |
|
|
6,889 |
|
|
43,563 |
|
|
51 |
|
|
43,614 |
|
Depreciation, depletion and amortization |
|
45,918 |
|
|
45,545 |
|
|
15,626 |
|
|
107,089 |
|
|
— |
|
|
107,089 |
|
Gross profit |
$ |
400,177 |
|
$ |
182,730 |
|
$ |
49,979 |
|
$ |
632,886 |
|
$ |
239 |
|
$ |
633,125 |
|
Other operating expenses (a) |
|
|
|
|
|
|
|
|
|
|
|
107,166 |
|
Income from operations |
|
|
|
|
|
|
|
|
|
|
|
525,959 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
(8,689 |
) |
Fair value adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
11,500 |
|
Foreign exchange loss, net |
|
|
|
|
|
|
|
|
|
|
|
(4,599 |
) |
Other income |
|
|
|
|
|
|
|
|
|
|
|
18,173 |
|
Income before income and mining taxes |
|
|
|
|
|
|
|
|
|
|
$ |
542,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital investments |
$ |
29,929 |
|
$ |
57,354 |
|
$ |
33,466 |
|
$ |
120,749 |
|
$ |
9,372 |
|
$ |
130,121 |
|
(a) Other operating expense items include general and administrative, exploration and pre-development, care and maintenance, provision for closed operations and environmental matters, and other operating expense, net.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2025 |
Greens Creek |
|
Lucky Friday |
|
Keno Hill |
|
Total Reportable Segments |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metal sales |
$ |
418,209 |
|
$ |
201,659 |
|
$ |
90,581 |
|
$ |
710,449 |
|
$ |
— |
|
$ |
710,449 |
|
Environmental remediation services |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
29,875 |
|
|
29,875 |
|
Intersegment sales |
|
— |
|
|
— |
|
|
4,115 |
|
|
4,115 |
|
|
— |
|
|
4,115 |
|
Reconciliation of sales |
|
418,209 |
|
|
201,659 |
|
|
94,696 |
|
|
714,564 |
|
|
29,875 |
|
|
744,439 |
|
Elimination of intersegment sales |
|
— |
|
|
— |
|
|
(4,115 |
) |
|
(4,115 |
) |
|
— |
|
|
(4,115 |
) |
Total consolidated sales |
|
|
|
|
|
|
|
|
|
|
|
740,324 |
|
Salaries, wages and other benefits |
|
55,926 |
|
|
45,921 |
|
|
21,058 |
|
|
122,905 |
|
|
373 |
|
|
123,278 |
|
Contractors |
|
5,413 |
|
|
11,360 |
|
|
11,218 |
|
|
27,991 |
|
|
29,015 |
|
|
57,006 |
|
Materials and consumables |
|
78,495 |
|
|
33,720 |
|
|
19,957 |
|
|
132,172 |
|
|
511 |
|
|
132,683 |
|
Product inventory change |
|
(3,227 |
) |
|
(421 |
) |
|
2,063 |
|
|
(1,585 |
) |
|
— |
|
|
(1,585 |
) |
Other direct production costs |
|
30,895 |
|
|
225 |
|
|
2,656 |
|
|
33,776 |
|
|
4 |
|
|
33,780 |
|
Depreciation, depletion and amortization |
|
42,715 |
|
|
40,171 |
|
|
15,971 |
|
|
98,857 |
|
|
— |
|
|
98,857 |
|
Gross profit (loss) |
$ |
207,992 |
|
$ |
70,683 |
|
$ |
17,658 |
|
$ |
296,333 |
|
$ |
(28 |
) |
$ |
296,305 |
|
Other operating expenses (a) |
|
|
|
|
|
|
|
|
|
|
|
79,950 |
|
Income from operations |
|
|
|
|
|
|
|
|
|
|
|
216,355 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
(35,604 |
) |
Fair value adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
27,666 |
|
Foreign exchange loss, net |
|
|
|
|
|
|
|
|
|
|
|
(3,724 |
) |
Other income |
|
|
|
|
|
|
|
|
|
|
|
4,697 |
|
Income before income and mining taxes |
|
|
|
|
|
|
|
|
|
|
$ |
209,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital investments |
$ |
31,335 |
|
$ |
48,253 |
|
$ |
42,228 |
|
$ |
121,816 |
|
$ |
3,123 |
|
$ |
124,939 |
|
(a) Other operating expense items include general and administrative, exploration and pre-development, care and maintenance, provision for closed operations and environmental matters, and other operating expense, net. The following table presents total assets by reportable segment as of September 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Total assets: |
|
|
|
|
|
|
Greens Creek |
|
$ |
637,735 |
|
|
$ |
640,011 |
|
Lucky Friday |
|
|
665,736 |
|
|
|
688,997 |
|
Keno Hill |
|
|
526,452 |
|
|
|
505,205 |
|
Total assets of reportable segments |
|
|
1,829,923 |
|
|
|
1,834,213 |
|
Other |
|
|
1,530,101 |
|
|
|
974,703 |
|
Assets of discontinued operations |
|
|
— |
|
|
|
751,729 |
|
Total assets |
|
$ |
3,360,024 |
|
|
$ |
3,560,645 |
|
|