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OPERATING SEGMENTS
12 Months Ended
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
ÇöplerMarigoldSeabeePunaExploration, 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
ÇöplerMarigoldSeabeePunaExploration, 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)
MarigoldSeabeePunaExploration, 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 GoodwillRestricted 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