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OPERATING SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables provide a summary of financial information related to the Company's segments (in thousands):
| Three Months Ended March 31, 2022
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties (2) |  | Corporate and other (1) |  | Total
Revenue | $ | 137,407 |  | $ | 68,893 |  | $ | 90,857 |  | $ | 58,289 |  | $ | — |  | $ | — |  | $ | 355,446 |
Production costs | $ | 62,584 |  | $ | 38,735 |  | $ | 16,410 |  | $ | 35,791 |  | $ | — |  | $ | — |  | $ | 153,520 |
Depletion, depreciation, and amortization | $ | 30,513 |  | $ | 6,888 |  | $ | 15,379 |  | $ | 5,962 |  | $ | — |  | $ | — |  | $ | 58,742 |
Exploration, evaluation, and reclamation costs | $ | 1,049 |  | $ | 743 |  | $ | 2,374 |  | $ | 481 |  | $ | 4,251 |  | $ | 960 |  | $ | 9,858 |
Transaction, integration, and SEC conversion expense | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,217 |  | $ | 1,217 |
Operating income | $ | 42,537 |  | $ | 22,526 |  | $ | 56,691 |  | $ | 15,906 |  | $ | (4,251) |  | $ | (17,539) |  | $ | 115,870 |
Capital expenditures | $ | 6,870 |  | $ | 18,235 |  | $ | 12,914 |  | $ | 2,213 |  | $ | — |  | $ | — |  | $ | 40,232 |
Total assets as of March 31, 2022 | $ | 2,161,612 |  | $ | 569,895 |  | $ | 524,023 |  | $ | 326,389 |  | $ | 929,523 |  | $ | 701,221 |  | $ | 5,212,663 |
(1) Corporate and other consists of business activities that are not included within the reportable segments and provided for reconciliation purposes. (2) The Company entered into an agreement on January 12, 2022 to sell its Pitarrilla project. The assets related to the Pitarrilla project are classified as Current assets held for sale on the Condensed Consolidated Balance Sheets as of March 31, 2022. Refer to Note 16 for further information.
| Three Months Ended March 31, 2021
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties |  | Corporate and other (1) |  | Total
Revenue | $ | 151,522 |  | $ | 115,973 |  | $ | 45,707 |  | $ | 53,282 |  | $ | — |  | $ | — |  | $ | 366,484 |
Production costs | $ | 66,417 |  | $ | 53,711 |  | $ | 16,561 |  | $ | 25,174 |  | $ | — |  | $ | — |  | $ | 161,863 |
Depletion, depreciation, and amortization | $ | 30,578 |  | $ | 8,934 |  | $ | 9,597 |  | $ | 4,670 |  | $ | — |  | $ | — |  | $ | 53,779 |
Exploration, evaluation, and reclamation costs | $ | 3,068 |  | $ | 758 |  | $ | 2,873 |  | $ | 429 |  | $ | 2,038 |  | $ | 242 |  | $ | 9,408 |
Transaction, integration, and SEC conversion expense | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 4,492 |  | $ | 4,492 |
Operating income | $ | 47,758 |  | $ | 52,673 |  | $ | 16,767 |  | $ | 21,928 |  | $ | (2,038) |  | $ | (7,905) |  | $ | 129,183 |
Capital expenditures | $ | 9,035 |  | $ | 23,413 |  | $ | 13,439 |  | $ | 3,276 |  | $ | — |  | $ | — |  | $ | 49,163 |
Total assets as of March 31, 2021 | $ | 2,308,886 |  | $ | 645,584 |  | $ | 469,249 |  | $ | 239,520 |  | $ | 1,018,525 |  | $ | 521,245 |  | $ | 5,203,009 |
(1) Corporate and other consists of business activities that are not included within the reportable segments and provided for reconciliation purposes.
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country | The following are non-current assets, excluding Goodwill, Restricted cash and Deferred income taxes, by location as of March 31, 2022 and December 31, 2021 (in thousands):
| March 31, 2022 |  | December 31, 2021
Turkey | $ | 2,737,010 |  |  | $ | 2,744,707 |
Canada |  | 272,311 |  |  |  | 292,264 |
United States |  | 309,389 |  |  |  | 307,857 |
Argentina |  | 118,448 |  |  |  | 123,834 |
Mexico |  | 541 |  |  |  | 48,345 |
Peru |  | 515 |  |  |  | 527 |
Total | $ | 3,438,214 |  |  | $ | 3,517,534 |
Revenue from External Customers by Geographic Areas | The following is revenue information by geographic area based on the location for the three months ended March 31 (in thousands):
| Three Months Ended March 31,
| 2022 |  | 2021
Turkey | $ | 137,407 |  |  | $ | 151,522 |
Canada |  | 90,857 |  |  |  | 45,707 |
United States |  | 68,893 |  |  |  | 115,973 |
Argentina |  | 58,289 |  |  |  | 53,282 |
Total | $ | 355,446 |  |  | $ | 366,484 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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