XML 36 R25.htm IDEA: XBRL DOCUMENT v3.22.1

OPERATING SEGMENTS (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration