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OPERATING SEGMENTS (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2022
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties(2) |  | Corporate and other (1) |  | Total
Revenue | $ | 108,743 |  | $ | 85,425 |  | $ | 79,110 |  | $ | 46,305 |  | $ | — |  | $ | — |  | $ | 319,583 |
Production costs | $ | 63,095 |  | $ | 50,422 |  | $ | 19,015 |  | $ | 32,396 |  | $ | — |  | $ | — |  | $ | 164,928 |
Depletion, depreciation, and amortization | $ | 27,081 |  | $ | 8,395 |  | $ | 14,370 |  | $ | 4,002 |  | $ | — |  | $ | — |  | $ | 53,848 |
Exploration, evaluation, and reclamation costs | $ | 643 |  | $ | 1,045 |  | $ | 2,972 |  | $ | 2,131 |  | $ | 4,605 |  | $ | (152) |  | $ | 11,244 |
Transaction, integration, and SEC conversion expense | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Impairment of long-lived and other assets | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Operating income | $ | 17,194 |  | $ | 25,563 |  | $ | 42,745 |  | $ | 7,763 |  | $ | (4,608) |  | $ | (18,562) |  | $ | 70,095 |
Capital expenditures | $ | 3,915 |  | $ | 15,331 |  | $ | 8,852 |  | $ | 2,262 |  | $ | — |  | $ | — |  | $ | 30,360 |
Total assets as of June 30, 2022 | $ | 2,139,413 |  | $ | 599,062 |  | $ | 583,523 |  | $ | 302,529 |  | $ | 934,861 |  | $ | 608,563 |  | $ | 5,167,951 |
(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 June 30, 2022. Refer to Note 18 for further information.
| Three Months Ended June 30, 2021
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties |  | Corporate and other (1) |  | Total
Revenue | $ | 140,654 |  | $ | 109,533 |  | $ | 67,127 |  | $ | 59,636 |  | $ | — |  | $ | — |  | $ | 376,950 |
Production costs | $ | 69,737 |  | $ | 51,590 |  | $ | 15,467 |  | $ | 30,152 |  | $ | — |  | $ | — |  | $ | 166,946 |
Depletion, depreciation, and amortization | $ | 29,365 |  | $ | 8,481 |  | $ | 12,525 |  | $ | 5,622 |  | $ | — |  | $ | — |  | $ | 55,993 |
Exploration, evaluation, and reclamation costs | $ | 3,589 |  | $ | 935 |  | $ | 3,483 |  | $ | 441 |  | $ | 3,238 |  | $ | 162 |  | $ | 11,848 |
Transaction, integration, and SEC conversion expense | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 894 |  | $ | 894 |
Impairment of long-lived and other assets | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 22,345 |  | $ | — |  | $ | 22,345 |
Operating income | $ | 37,108 |  | $ | 48,527 |  | $ | 35,534 |  | $ | 22,884 |  | $ | (25,587) |  | $ | (14,750) |  | $ | 103,716 |
Capital expenditures | $ | 10,719 |  | $ | 11,873 |  | $ | 9,128 |  | $ | 2,245 |  | $ | — |  | $ | — |  | $ | 33,965 |
Total assets as of June 30, 2021 | $ | 2,305,611 |  | $ | 523,421 |  | $ | 458,067 |  | $ | 270,705 |  | $ | 999,930 |  | $ | 596,175 |  | $ | 5,153,909 |
(1) Corporate and other consists of business activities that are not included within the reportable segments and provided for reconciliation purposes.
| Six Months Ended June 30, 2022
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties(2) |  | Corporate and other (1) |  | Total
Revenue | $ | 246,150 |  | $ | 154,318 |  | $ | 169,967 |  | $ | 104,594 |  | $ | — |  | $ | — |  | $ | 675,029 |
Production costs | $ | 125,679 |  | $ | 89,157 |  | $ | 35,425 |  | $ | 68,187 |  | $ | — |  | $ | — |  | $ | 318,448 |
Depletion, depreciation, and amortization | $ | 57,594 |  | $ | 15,283 |  | $ | 29,749 |  | $ | 9,964 |  | $ | — |  | $ | — |  | $ | 112,590 |
Exploration, evaluation, and reclamation costs | $ | 1,692 |  | $ | 1,788 |  | $ | 5,346 |  | $ | 2,612 |  | $ | 8,857 |  | $ | 807 |  | $ | 21,102 |
Transaction, integration, and SEC conversion expense | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,217 |  | $ | 1,217 |
Impairment of long-lived and other assets | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Operating income (loss) | $ | 59,731 |  | $ | 48,089 |  | $ | 99,436 |  | $ | 23,669 |  | $ | (8,858) |  | $ | (36,102) |  | $ | 185,965 |
Capital expenditures | $ | 10,786 |  | $ | 33,566 |  | $ | 21,766 |  | $ | 4,475 |  | $ | — |  | $ | — |  | $ | 70,593 |
Total assets as of June 30, 2022 | $ | 2,139,413 |  | $ | 599,062 |  | $ | 583,523 |  | $ | 302,529 |  | $ | 934,861 |  | $ | 608,563 |  | $ | 5,167,951 |
(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 June 30, 2022. Refer to Note 18 for further information.
| Six Months Ended June 30, 2021
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Exploration, evaluation and development properties |  | Corporate and other (1) |  | Total
Revenue | $ | 292,176 |  | $ | 225,506 |  | $ | 112,834 |  | $ | 112,918 |  | $ | — |  | $ | — |  | $ | 743,434 |
Production costs | $ | 136,154 |  | $ | 105,301 |  | $ | 32,028 |  | $ | 55,326 |  | $ | — |  | $ | — |  | $ | 328,809 |
Depletion, depreciation, and amortization | $ | 59,943 |  | $ | 17,415 |  | $ | 22,122 |  | $ | 10,292 |  | $ | — |  | $ | — |  | $ | 109,772 |
Exploration, evaluation, and reclamation costs | $ | 6,657 |  | $ | 1,693 |  | $ | 6,356 |  | $ | 866 |  | $ | 5,276 |  | $ | 404 |  | $ | 21,252 |
Transaction, integration, and SEC conversion expense | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 5,386 |  | $ | 5,386 |
Impairment of long-lived and other assets | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 22,349 |  | $ | — |  | $ | 22,349 |
Operating income (loss) | $ | 84,866 |  | $ | 101,200 |  | $ | 52,301 |  | $ | 44,812 |  | $ | (27,625) |  | $ | (22,655) |  | $ | 232,899 |
Capital expenditures | $ | 19,754 |  | $ | 35,286 |  | $ | 22,567 |  | $ | 5,521 |  | $ | — |  | $ | — |  | $ | 83,128 |
Total assets as of June 30, 2021 | $ | 2,305,611 |  | $ | 523,421 |  | $ | 458,067 |  | $ | 270,705 |  | $ | 999,930 |  | $ | 596,175 |  | $ | 5,153,909 |
(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 June 30, 2022 and December 31, 2021 (in thousands):
| June 30, 2022 |  | December 31, 2021
Türkiye | $ | 2,724,071 |  |  | $ | 2,744,707 |
Canada |  | 315,400 |  |  |  | 292,264 |
United States |  | 312,463 |  |  |  | 307,857 |
Argentina |  | 122,276 |  |  |  | 123,834 |
Mexico |  | 573 |  |  |  | 48,345 |
Peru |  | 504 |  |  |  | 527 |
Total | $ | 3,475,287 |  |  | $ | 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 and six months ended June 30 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Türkiye | $ | 108,743 |  |  | $ | 140,654 |  |  | $ | 246,150 |  |  | $ | 292,176 |
Canada |  | 79,110 |  |  |  | 67,127 |  |  |  | 169,967 |  |  |  | 112,834 |
United States |  | 85,425 |  |  |  | 109,533 |  |  |  | 154,318 |  |  |  | 225,506 |
Argentina |  | 46,305 |  |  |  | 59,636 |  |  |  | 104,594 |  |  |  | 112,918 |
Total | $ | 319,583 |  |  | $ | 376,950 |  |  | $ | 675,029 |  |  | $ | 743,434 |

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