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OPERATING SEGMENTS
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
OPERATING SEGMENTS OPERATING SEGMENTS 
The Company currently has four producing mines which represent the Company’s reportable and operating segments. The results of operating segments are reviewed by management to make decisions about resources to be allocated to the segments and to assess their performance.
The following tables provide a summary of financial information related to the Company's segments (in thousands):
Year ended December 31, 2023
Çöpler (3)
MarigoldSeabeePuna
Segments Total
Corporate and other (1)
Consolidated
Revenue $442,417 $538,244 $164,346 $281,920 
$
1,426,927 $— $1,426,927 
Cost of sales (2)
$268,628 $289,063 $82,898 $163,558 
$
804,147 $— $804,147 
Depreciation, depletion and amortization
$93,808 $46,236 $40,533 $33,435 
$
214,012 $— $214,012 
Exploration, evaluation and reclamation costs$8,699 $15,059 $17,489 $10,196 
$
51,443 $7,440 $58,883 
Impairment charges
$353,322 $— $49,786 $2,637 
$
405,745 $5,653 $411,398 
Operating income (loss)$(287,519)$187,886 $(26,867)$71,848 
$
(54,652)$(75,592)$(130,244)
Capital expenditures$89,165 $82,252 $37,521 $13,193 
$
222,131 $— $222,131 
Total assets as of December 31, 2023
$2,915,262 $782,353 $464,033 $324,794 
$
4,486,442 $899,331 $5,385,773 
(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes.
(2)Excludes depreciation, depletion, and amortization.
(3)Refer to Note 24 for information regarding the Çöpler Incident.
Year ended December 31, 2022
ÇöplerMarigoldSeabeePuna
Segments Total
Corporate and other (1)
Consolidated
Revenue$355,070 $348,817 $244,692 $199,454 $1,148,033 $— $1,148,033 
Cost of sales (2)
$189,825 $206,014 $74,679 $137,424 $607,942 $— $607,942 
Depreciation, depletion and amortization$76,628 $34,255 $49,445 $21,119 $181,447 $— $181,447 
Exploration. evaluation, and reclamation costs$4,136 $18,182 $14,104 $7,098 $43,520 $9,326 $52,846 
Care and maintenance (3)
$41,800 $— $— $— $41,800 $— $41,800 
Operating income (loss)$39,556 $90,365 $106,453 $33,547 $269,921 $(79,653)$190,268 
Capital expenditures$35,729 $58,795 $38,193 $10,446 $143,163 $— $143,163 
Total assets as of December 31, 2022
$3,298,757 $667,834 $581,574 $315,060 $4,863,225 $391,432 $5,254,657 
(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. During the first quarter of 2023, the Company determined it has four reportable segments: Çöpler, Marigold, Seabee and Puna. The exploration, evaluation and development properties are no longer considered a reportable segment and the portfolio of prospective exploration tenures, near or adjacent to the existing operations (near-mine) are included in the respective reportable segment and the greenfield standalone prospects are included in Corporate and other.
(2)Excludes depreciation, depletion, and amortization.
(3)Care and maintenance expense represents direct costs and depreciation incurred at Çöpler during the temporary suspension of operations in the third quarter of 2022.
Year ended December 31, 2021
ÇöplerMarigoldSeabeePuna
Segments Total
Corporate and other (1)
Consolidated
Revenue$607,887 $426,391 $213,860 $226,061 $1,474,199 $— $1,474,199 
Cost of sales (2)
$264,889 $219,035 $66,354 $121,096 $671,374 $— $671,374 
Depreciation, depletion and amortization$125,220 $35,410 $45,334 $21,995 $227,959 $— $227,959 
Exploration, evaluation and reclamation costs$10,868 $10,968 $11,867 $1,764 $35,467 $6,915 $42,382 
Impairment charges
$— $— $— $— $— $20,275 $20,275 
Operating income (loss)$201,302 $161,081 $90,332 $79,042 $531,757 $(87,382)$444,375 
Capital expenditures$34,699 $55,861 $40,553 $10,458 $141,571 $— $141,571 
Total assets as of December 31, 2021
$3,099,240 $599,164 $479,370 $293,469 $4,471,243 $740,195 $5,211,438 
(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. During the first quarter of 2023, the Company determined it has four reportable segments: Çöpler, Marigold, Seabee and Puna. The exploration, evaluation and development properties are no longer considered a reportable segment and the portfolio of prospective exploration tenures, near or adjacent to the existing operations (near-mine) are included in the respective reportable segment and the greenfield standalone prospects are included in Corporate and other.
(2)Excludes depreciation, depletion, and amortization.
Geographic area
The following are non-current assets, excluding Goodwill, Restricted cash and Deferred income taxes, by location as of December 31 (in thousands): 
December 31,
2023 2022
Türkiye 
$
3,386,380  
$
3,064,482 
Canada  320,922   311,937 
United States  355,375   321,423 
Argentina  104,313   127,661 
Mexico  —   536 
Peru  —   482 
Total
$
4,166,990 
$
3,826,521 
The following is revenue information by geographic area based on the location of production for the years ended December 31, (in thousands): 
Year Ended December 31,
2023 20222021
Türkiye $442,417  $355,070  $607,887 
Canada  164,346   244,692   213,860 
United States  538,244   348,817   426,391 
Argentina  281,920   199,454   226,061 
Total 
$
1,426,927  
$
1,148,033  
$
1,474,199