Table of Contents
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FRONT COVER
CORPORATE PROFILE
LETTER TO SHAREHOLDERS
FORM 10-K
TABLE OF CONTENTS
SPECIAL NOTE ON FORWARD-LOOKING STATEMENTS
RISK FACTORS SUMMARY
PART I
Item 1. Business
Introduction
Products and Segments
Governmental Regulation
Physical Assets
Human Capital Management
Available Information
Item 1A. Risk Factors
Item 1B. Unresolved Staff Comments
Item 2. Properties
The Greens Creek Unit
The Lucky Friday Unit
The Casa Berardi Unit
The San Sebastian Unit
The Nevada Operations Unit
Item 3. Legal Proceedings
Item 4. Mine Safety Disclosures
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 6. Selected Financial Data
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Overview
Results of Operations
The Greens Creek Segment
The Lucky Friday Segment
The Casa Berardi Segment
The San Sebastian Segment
The Nevada Operations Segment
Corporate Matters
Reconciliation of Cost of Sales and Other Direct Production Costs and Depreciation, Depletion and Amortization (GAAP) to Cash Cost, Before By-product Credits and Cash Cost, After By-product Credits (non-GAAP) and All-In Sustaining Cost, Before By-product Credits and All-In Sustaining Cost, After By-product Credits (non-GAAP)
Reconciliation of Net Income (Loss) (GAAP) to Earnings Before Interest, Taxes, Depreciation, and Amortization (non-GAAP)
Financial Liquidity and Capital Resources
Contractual Obligations and Contingent Liabilities and Commitments
Off-Balance Sheet Arrangements
Critical Accounting Estimates
New Accounting Pronouncements
Guarantor Subsidiaries
Forward-Looking Statements
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Provisional Sales
Commodity-Price Risk Management
Foreign Currency
Item 8. Financial Statements and Supplementary Data
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9A. Controls and Procedures
Disclosure Controls and Procedures
Management’s Annual Report on Internal Control over Financial Reporting
Attestation Report of Independent Registered Public Accounting Firm
Item 9B. Other Information
PART III
Item 10. Directors, Executive Officers and Corporate Governance
Item 11. Executive Compensation
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 13. Certain Relationships and Related Transactions, and Director Independence
Item 14. Principal Accountant Fees and Services
PART IV
Item 15. Exhibits and Financial Statement Schedules
Item 16. Form 10-K Summary
SIGNATURES
CONSOLIDATED FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm
Consolidated Statements of Operations and Comprehensive Loss
Consolidated Statements of Cash Flows
Consolidated Balance Sheets
Consolidated Statements of Changes in Stockholders’ Equity
Notes to Consolidated Financial Statements
Note 1: The Company
Note 2: Summary of Significant Accounting Policies
Note 3: Investments
Note 4: Properties, Plants, Equipment and Mineral Interests, and Lease Commitments
Note 5: Environmental and Reclamation Activities
Note 6: Income Taxes
Note 7: Debt, Credit Facilities and Leases
Note 8: Commitments, Contingencies, and Obligations
Note 9: Employee Benefit Plans
Note 10: Stockholders’ Equity
Note 11: Derivative Instruments
Note 12: Business Segments, Sales of Products and Significant Customers
Note 13: Fair Value Measurement
Note 14: Loss Per Common Share
Note 15: Accumulated Other Comprehensive Loss
Note 16: Acquisitions
TEN-YEAR FINANCIAL REVIEW
MINERAL RESERVES AND RESOURCES
RECONCILIATION OF NET (LOSS) INCOME (GAAP) TO ADJUSTED EBITDA (NON-GAAP)
CORPORATE INFORMATION
BACK COVER