OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of Segment Reporting Information, by Segment

The following is a summary of the reported amounts of income from mine operations, operating income (loss), income (loss) before income taxes and the carrying amounts of assets and liabilities by operating segment:


Year ended and at December 31, 2020	Çöpler (1)		Marigold		Seabee		Puna (2)		Exploration, evaluation and development properties		Other reconciling items (3)		Total

Revenue	$	205,536	$	409,798	$	135,230	$	102,525	$	—	$	—	$	853,089
Production costs	(120,618)		(196,409)		(41,308)		(60,317)		—		—		(418,652)
Depletion and depreciation	(34,053)		(47,844)		(28,233)		(15,665)		—		—		(125,795)
Cost of sales	(154,671)		(244,253)		(69,541)		(75,982)		—		—		(544,447)
Income from mine operations	50,865		165,545		65,689		26,543		—		—		308,642

Exploration, evaluation and reclamation (expense) recovery	(3,558)		(2,462)		(6,108)		2,144		(11,874)		(539)		(22,397)
Care and maintenance expense (4)	—		—		(13,643)		(15,950)		—		—		(29,593)
Transaction and integration expense	—		—		—		—		—		(20,813)		(20,813)
Operating income (loss)	47,213		162,648		45,811		11,222		(11,874)		(52,307)		202,713
Income (loss) before income tax	41,253		159,641		46,304		(2,410)		(12,678)		(50,789)		181,321
As at December 31, 2020
Total assets	$	2,486,927	$	642,106	$	455,249	$	241,079	$	1,038,498	$	381,127	$	5,244,986
Non-current assets	2,030,998		277,196		311,552		143,694		1,036,507		20,517		3,820,464
Total liabilities	(735,225)		(121,328)		(90,780)		(50,130)		(29,710)		(277,910)		(1,305,083)


Year ended and at December 31, 2019	Marigold		Seabee		Puna (2)		Exploration, evaluation and development properties		Other reconciling items (3)		Total

Revenue	$	315,320	$	146,141	$	145,389	$	—	$	—	$	606,850
Production costs	(183,782)		(48,470)		(97,558)		—		—		(329,810)
Depletion and depreciation	(52,291)		(36,368)		(17,498)		—		—		(106,157)
Cost of sales	(236,073)		(84,838)		(115,056)		—		—		(435,967)
Income from mine operations	79,247		61,303		30,333		—		—		170,883

Exploration, evaluation and reclamation expense	(4,139)		(8,511)		(818)		(3,501)		(647)		(17,616)
Operating income (loss)	73,829		52,371		27,578		(3,549)		(27,891)		122,338
Income (loss) before income tax	58,269		40,851		12,652		(2,937)		(22,706)		86,129

Total assets	$	524,113	$	484,750	$	270,633	$	115,191	$	355,420	$	1,750,107
Non-current assets	249,962		310,578		155,049		114,327		20,529		850,445
Total liabilities	(119,413)		(97,131)		(70,676)		(6,216)		(322,717)		(616,153)

(1)The reported statements of income amounts reflect results from the date of acquisition of Alacer on September 16, 2020 through December 31, 2020 (note 4(a)).

(2)Cost of sales at Puna include a write-down of metal inventories to NRV of $8.6 million for the year ended December 31, 2020 (December 31, 2019 - $3.6 million).

(3)Other reconciling items refer to items that are not reported as part of segment performance as they are managed on a corporate basis.

25.OPERATING SEGMENTS (continued)

(4)On March 20, 2020 and March 25, 2020, due to the COVID-19 pandemic, the Company temporarily suspended operations at Puna and Seabee, respectively. From and after such dates, the Company continued to perform care and maintenance activities and incurred incremental costs as a result. These incremental costs do not relate to producing or selling metal concentrate or gold, and therefore they have been identified and presented separately within operating income (loss).

Disclosure of Revenue by Product

The following table provides a summary of revenue by metal:


Years ended December 31	2020		2019

Gold	88	%	76	%
Silver	10	%	19	%
Lead	1	%	3	%
Zinc	1	%	2	%
	100	%	100	%

Disclosure of Long-lived Assets by Geographic Areas

The following table provides a summary of non-current assets, excluding financial instruments and deferred income taxes, by location:


At December 31	2020		2019
Turkey	$	2,902,093	$	—
Canada	323,599		326,272
United States	318,036		285,686
Argentina	143,695		154,986
Mexico	67,677		67,160
Peru	11,244		607
	$	3,766,344	$	834,711