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OPERATING SEGMENTS | 3 Months Ended
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Mar. 31, 2024
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. All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident. 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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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