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ACQUISITIONS AND DIVESTITURES (Tables) | 6 Months Ended
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Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The acquisition date fair value of the consideration paid is as follows (in thousands):
Cash paid to Lidya Mines for 10% interest | $ | 120,000 |
Contingent consideration tied to completion of operational milestones (1) |  | 24,300 |
Contingent consideration tied to delineation of new reserves (1) |  | 4,300 |
Total consideration | $ | 148,600 |
(1) The fair value of the two elements of contingent consideration are based on a discounted cash flow model. The contingent consideration is considered a Level 3 fair value measurement due to certain assumptions that are not based on observable market data (refer to Note 9 for more information). The significant assumptions include estimates of timing of completion of project milestones, probability of delineation of additional reserves, and discount rates. The contingent consideration is included within Other non-current liabilities on the Condensed Consolidated Balance Sheets.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of the assets acquired and liabilities assumed on the acquisition date (in thousands):
ASSETS |  |
Cash and cash equivalents | $ | 11 |
Trade and other receivables |  | 36 |
Inventories |  | 3 |
Prepaids and other current assets |  | 24 |
Mineral properties, plant and equipment, net (1) |  | 688,611 |
Other non-current assets |  | 1,690 |
Total assets acquired | $ | 690,375 |
LIABILITIES |  |
Accounts payable | $ | 315 |
Accrued liabilities and other |  | 643 |
Deferred income tax liabilities (2) |  | 135,939 |
Total liabilities assumed |  | 136,897 |
Net assets acquired and liabilities assumed |  | 553,478 |
Non-controlling interest |  | (404,878) |
| $ | 148,600 |
(1) The fair value of mineral properties, plant and equipment is based on applying the income and market valuation methods. The significant assumptions include future metal prices, estimated quantities of mineral reserves and mineral resources, future capital and operating expenditures, and discount rates. (2) Deferred income tax liabilities represent the future tax expense associated with the differences between the fair value allocated to assets and liabilities and the historical carryover tax basis of these assets and liabilities.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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