XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

OPERATING SEGMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
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, 2024
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Segment Total |  |  | Corporate and other (1) |  | Consolidated
Revenue | $ | 48,571 |  |  | $ | 76,685 |  |  | $ | 59,128 |  |  | $ | 45,850 |  |  | $ | 230,234 |  |  | $ | — |  |  | $ | 230,234 |
Cost of sales (2) | $ | 24,423 |  |  | $ | 49,071 |  |  | $ | 24,433 |  |  | $ | 27,974 |  |  | $ | 125,901 |  |  | $ | — |  |  | $ | 125,901 |
Depreciation, depletion, and amortization | $ | 9,831 |  |  | $ | 7,439 |  |  | $ | 15,213 |  |  | $ | 5,915 |  |  | $ | 38,398 |  |  | $ | — |  |  | $ | 38,398 |
Exploration and evaluation | $ | 774 |  |  | $ | 4,095 |  |  | $ | 3,546 |  |  | $ | 335 |  |  | $ | 8,750 |  |  | $ | 1,481 |  |  | $ | 10,231 |
Care and maintenance expenses (3) | $ | 14,409 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14,409 |  |  | $ | — |  |  | $ | 14,409 |
Operating income (loss) | $ | (403,803) |  |  | $ | 15,356 |  |  | $ | 15,602 |  |  | $ | 10,763 |  |  | $ | (362,082) |  |  | $ | (14,342) |  |  | $ | (376,424) |
Capital expenditures | $ | 6,541 |  |  | $ | 2,432 |  |  | $ | 15,773 |  |  | $ | 3,359 |  |  | $ | 28,105 |  |  | $ | 8,132 |  |  | $ | 36,237 |
Total assets as of March 31, 2024 | $ | 2,763,672 |  |  | $ | 793,179 |  |  | $ | 491,153 |  |  | $ | 287,833 |  |  | $ | 4,335,837 |  |  | $ | 915,945 |  |  | $ | 5,251,782 |
(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)Care and maintenance expense represents direct costs not associated with the environmental reclamation and remediation costs of $7.7 million and depreciation of $6.7 million during the suspension of operations at Çöpler starting in the first quarter of 2024.
| Three Months Ended March 31, 2023
| Çöpler |  | Marigold |  | Seabee |  | Puna |  | Segment Total |  | Corporate and other (1) |  | Consolidated
Revenue | $ | 110,513 |  |  | $ | 98,168 |  |  | $ | 32,093 |  |  | $ | 73,840 |  |  | $ | 314,614 |  |  | $ | — |  |  | $ | 314,614 |
Cost of sales (2) | $ | 74,646 |  |  | $ | 54,541 |  |  | $ | 23,265 |  |  | $ | 46,845 |  |  | $ | 199,297 |  |  | $ | — |  |  | $ | 199,297 |
Depreciation, depletion, and amortization | $ | 22,651 |  |  | $ | 8,574 |  |  | $ | 8,987 |  |  | $ | 6,883 |  |  | $ | 47,095 |  |  | $ | — |  |  | $ | 47,095 |
Exploration and evaluation | $ | 557 |  |  | $ | 3,077 |  |  | $ | 3,869 |  |  | $ | 1,072 |  |  | $ | 8,575 |  |  | $ | 1,950 |  |  | $ | 10,525 |
Operating income (loss) | $ | 11,496 |  |  | $ | 31,284 |  |  | $ | (4,318) |  |  | $ | 18,223 |  |  | $ | 56,685 |  |  | $ | (19,700) |  |  | $ | 36,985 |
Capital expenditures | $ | 10,069 |  |  | $ | 29,592 |  |  | $ | 8,445 |  |  | $ | 2,577 |  |  | $ | 50,683 |  |  | $ | — |  |  | $ | 50,683 |
Total assets as of March 31, 2023 | $ | 3,278,695 |  |  | $ | 697,817 |  |  | $ | 585,557 |  |  | $ | 326,660 |  |  | $ | 4,888,729 |  |  | $ | 346,074 |  |  | $ | 5,234,803 |
(1)Corporate and other consists of business activities that are not included within the reportable segments and 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. The greenfield standalone prospects and development projects are included in Corporate and other. (2)Excludes depreciation, depletion, and amortization.

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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + 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