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OPERATING SEGMENTS | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
OPERATING SEGMENTS | OPERATING SEGMENTS The Company currently has four producing mines and a portfolio of precious metal dominant projects. Each individual operating mine site along with the Company's exploration, evaluation and development properties are considered reportable segments. Operating results of operating segments are reviewed by the Company's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segments and to assess their performance. The Company's business activities that not included within the reportable segments are included in Corporate and other. Although they are not required to be included in this footnote, they are provided for reconciliation purposes. In connection with the acquisition of Alacer, the Company added Çöpler as a new operating mine site for the year ended December 31, 2020. Çöpler is an operating mine site, therefore it is considered a reportable segment. The following tables provide a summary of financial information related to the Company's segments (in thousands):
| Year Ended December 31, 2021
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties |  | Corporate and other (1) |  | Total
Revenue | $ | 607,887 |  |  | $ | 426,391 |  |  | $ | 213,860 |  |  | $ | 226,061 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,474,199 |
Production costs | $ | 264,889 |  |  | $ | 219,035 |  |  | $ | 66,354 |  |  | $ | 121,096 |  |  | $ | — |  |  | $ | — |  |  | $ | 671,374 |
Depletion, depreciation and amortization | $ | 125,220 |  |  | $ | 35,410 |  |  | $ | 45,334 |  |  | $ | 21,995 |  |  | $ | — |  |  | $ | — |  |  | $ | 227,959 |
Exploration, evaluation and reclamation costs | $ | 10,868 |  |  | $ | 2,979 |  |  | $ | 11,867 |  |  | $ | 1,764 |  |  | $ | 13,027 |  |  | $ | 1,877 |  |  | $ | 42,382 |
Care and maintenance expense (1) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Transaction, integration and SEC conversion expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11,240 |  |  | $ | 11,240 |
Impairment of long-lived and other assets | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20,275 |  |  | $ | — |  |  | $ | 20,275 |
Operating income | $ | 201,302 |  |  | $ | 169,070 |  |  | $ | 90,332 |  |  | $ | 79,043 |  |  | $ | (33,302) |  |  | $ | (62,070) |  |  | $ | 444,375 |
Capital expenditures | $ | 34,699 |  |  | $ | 55,861 |  |  | $ | 40,553 |  |  | $ | 10,458 |  |  | $ | — |  |  | $ | — |  |  | $ | 141,571 |
Total assets as of December 31, 2021 | $ | 2,290,367 |  |  | $ | 566,015 |  |  | $ | 479,370 |  |  | $ | 293,470 |  |  | $ | 923,204 |  |  | $ | 659,012 |  |  | $ | 5,211,438 |
(1)Care and maintenance expense consists of operating costs and depreciation incurred while a site is placed into care and maintenance or operating at reduced levels in response to the COVID-19 pandemic.
| Year Ended December 31, 2020
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties |  | Corporate and other (1) |  | Total
Revenue | $ | 205,535 |  |  | $ | 409,799 |  |  | $ | 135,230 |  |  | $ | 102,525 |  |  | $ | — |  |  | $ | — |  |  | $ | 853,089 |
Production costs | $ | 121,614 |  |  | $ | 216,358 |  |  | $ | 40,575 |  |  | $ | 65,991 |  |  | $ | — |  |  | $ | — |  |  | $ | 444,538 |
Depletion, depreciation and amortization | $ | 33,793 |  |  | $ | 34,619 |  |  | $ | 28,341 |  |  | $ | 12,505 |  |  | $ | — |  |  | $ | — |  |  | $ | 109,258 |
Exploration. evaluation, and reclamation costs | $ | 3,560 |  |  | $ | 3,742 |  |  | $ | 6,390 |  |  | $ | (373) |  |  | $ | 13,186 |  |  | $ | 538 |  |  | $ | 27,043 |
Care and maintenance expense (1) | $ | — |  |  | $ | — |  |  | $ | 13,644 |  |  | $ | 15,949 |  |  | $ | — |  |  | $ | — |  |  | $ | 29,593 |
Transaction, integration and SEC conversion expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20,813 |  |  | $ | 20,813 |
Impairment of long-lived and other assets | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Operating income | $ | 46,546 |  |  | $ | 154,645 |  |  | $ | 46,152 |  |  | $ | 6,937 |  |  | $ | (13,186) |  |  | $ | (52,819) |  |  | $ | 188,275 |
Capital expenditures | $ | 22,883 |  |  | $ | 55,567 |  |  | $ | 32,782 |  |  | $ | 10,962 |  |  | $ | — |  |  | $ | — |  |  | $ | 122,194 |
Total assets as of December 31, 2020 | $ | 2,254,320 |  |  | $ | 601,804 |  |  | $ | 454,484 |  |  | $ | 225,033 |  |  | $ | 1,018,801 |  |  | $ | 622,902 |  |  | $ | 5,177,344 |
(1)Care and maintenance expense consists of operating costs and depreciation incurred while a site is placed into care and maintenance or operating at reduced levels in response to the COVID-19 pandemic.
|  | Year Ended December 31, 2019 (1)
|  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties |  | Corporate and other (1) |  | Total
Revenue |  | $ | 315,413 |  |  | $ | 146,059 |  |  | $ | 145,378 |  |  | $ | — |  |  | $ | — |  |  | $ | 606,850 |
Production costs |  | $ | 192,032 |  |  | $ | 46,627 |  |  | $ | 110,960 |  |  | $ | — |  |  | $ | — |  |  | $ | 349,619 |
Depletion, depreciation and amortization |  | $ | 34,372 |  |  | $ | 36,345 |  |  | $ | 14,927 |  |  | $ | — |  |  | $ | — |  |  | $ | 85,644 |
Exploration, evaluation and reclamation costs |  | $ | 2,672 |  |  | $ | 8,763 |  |  | $ | 2,840 |  |  | $ | 7,130 |  |  | $ | 679 |  |  | $ | 22,084 |
Care and maintenance expense (2) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Transaction, integration and SEC conversion expense |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Impairment of long-lived and other assets |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Operating income |  | $ | 85,519 |  |  | $ | 54,077 |  |  | $ | 15,457 |  |  | $ | (7,130) |  |  | $ | (29,528) |  |  | $ | 118,395 |
Capital expenditures |  | $ | 46,390 |  |  | $ | 34,010 |  |  | $ | 16,721 |  |  | $ | — |  |  | $ | — |  |  | $ | 97,121 |
Total assets as of December 31, 2019 |  | $ | 487,958 |  |  | $ | 482,085 |  |  | $ | 253,835 |  |  | $ | 111,227 |  |  | $ | 356,413 |  |  | $ | 1,691,518 |
(1)The operating data presented in this table present results for the year ended December 31, 2019. As the Company was not entitled to the economic benefits of Çöpler prior to the acquisition, financial data for the periods prior to September 16, 2020 are not provided. (2)Care and maintenance expense consists of operating costs and depreciation incurred while a site is placed into care and maintenance or operating at reduced levels in response to the COVID-19 pandemic. Geographic area The following are non-current assets, excluding Goodwill, Restricted cash and Deferred income taxes, by location as of December 31 (in thousands):
| December 31,
| 2021 |  | 2020
Turkey | $ | 2,744,707 |  |  | $ | 2,899,724 |
Canada |  | 292,264 |  |  |  | 306,253 |
United States |  | 307,857 |  |  |  | 271,894 |
Argentina |  | 123,834 |  |  |  | 126,386 |
Mexico |  | 48,345 |  |  |  | 48,619 |
Peru |  | 527 |  |  |  | 527 |
Total | $ | 3,517,534 |  |  | $ | 3,653,403 |
The following is revenue information by geographic area based on the location of production as of December 31 (in thousands):
| Years Ended December 31
| 2021 |  | 2020 |  | 2019
Turkey | $ | 607,887 |  |  | $ | 205,535 |  |  | $ | — |
Canada |  | 213,860 |  |  |  | 135,230 |  |  |  | 146,059 |
United States |  | 426,391 |  |  |  | 409,799 |  |  |  | 315,413 |
Argentina |  | 226,061 |  |  |  | 102,525 |  |  |  | 145,378 |
Total | $ | 1,474,199 |  |  | $ | 853,089 |  |  | $ | 606,850 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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