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OPERATING SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2024
Çöpler (1)
Marigold 
Seabee 
Puna
Segment Total
Corporate and other (2)
Consolidated
Revenue$11,804 $119,908 $27,897 $97,747 $257,356 
$
— $257,356 
Cost of sales (3)
$5,047 $74,106 $14,404 $44,724 $138,281 
$
— $138,281 
Depreciation, depletion, and amortization$2,706 $10,637 $7,659 $9,441 $30,443 
$
— $30,443 
Exploration and evaluation
$52 $2,252 $4,132 $2,945 $9,381 
$
1,983 $11,364 
Care and maintenance expenses (4)
$
29,763 
$
— 
$
9,611 
$
— 
$
39,374 
$
— 
$
39,374 
Operating income (loss)$(32,721)$31,738 $(8,611)$39,772 $30,178 
$
(21,141)$9,037 
Capital expenditures$1,468 $11,057 $3,317 $4,928 $20,770 
$
10,940 $31,710 
Total assets as of September 30, 2024
$2,724,079 $813,622 $368,662 $295,788 $4,202,151 
$
941,768 $5,143,919 
(1)During the three months ended September 30, 2024, Çöpler produced and sold inventory that was in-circuit prior to the Çöpler Incident.
(2)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties 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.
(3)Excludes depreciation, depletion, and amortization.
(4)Care and maintenance expense represents the following: 1) direct costs not associated with the environmental reclamation and remediation costs of $16.5 million and depreciation of $13.3 million during the suspension of operations at Çöpler starting in the first quarter of 2024; and 2) direct costs of $7.7 million and depreciation of $1.9 million during the suspension of operations at Seabee during the third quarter of 2024.
Three Months Ended September 30, 2023
Çöpler
Marigold 
Seabee 
Puna
Segment Total
Corporate and other (1)
Consolidated
Revenue$114,462 $158,620 $36,625 $75,683 $385,390 $— $385,390 
Cost of sales (2)
$69,830 $81,464 $19,939 $43,437 $214,670 $— $214,670 
Depreciation, depletion, and amortization$25,600 $13,505 $9,015 $7,870 $55,990 $— $55,990 
Exploration and evaluation
$1,297 $132 $4,619 $3,889 $9,937 $4,949 $14,886 
Operating income (loss)$15,274 $59,463 $2,763 $17,040 $94,540 $(17,075)$77,465 
Capital expenditures$26,979 $13,259 $8,579 $5,422 $54,239 $— $54,239 
Total assets as of September 30, 2023
$3,258,055 $775,957 $526,813 $314,901 $4,875,726 $873,934 $5,749,660 
(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.
Nine Months Ended September 30, 2024
Çöpler
Marigold 
Seabee 
Puna
Segment Total
Corporate and other (1)
Consolidated
Revenue$60,376 $257,465 $122,411 $232,179 $672,431 
$
— $672,431 
Cost of sales (2)
$29,471 $162,414 $56,111 $112,768 $360,764 
$
— $360,764 
Depreciation, depletion, and amortization$12,537 $23,821 $32,349 $23,145 $91,852 
$
— $91,852 
Exploration and evaluation
$1,124 $10,318 $12,868 $3,945 $28,255 
$
4,595 $32,850 
Care and maintenance expenses (3)
$
74,728 
$
— 
$
9,611 
$
— 
$
84,339 
$
— 
$
84,339 
Operating income (loss)$(470,245)$57,837 $10,095 $89,025 $(313,288)
$
(43,379)$(356,667)
Capital expenditures$11,596 $26,584 $26,209 $11,837 $76,226 
$
28,054 $104,280 
Total assets as of September 30, 2024
$2,724,079 $813,622 $368,662 $295,788 $4,202,151 
$
941,768 $5,143,919 
(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: 1) direct costs not associated with the environmental reclamation and remediation costs of $41.5 million and depreciation of $33.2 million during the suspension of operations at Çöpler starting in the first quarter of 2024; and 2) direct costs of $7.7 million and depreciation of $1.9 million during the suspension of operations at Seabee during the third quarter of 2024.
Nine Months Ended September 30, 2023
Çöpler
Marigold 
Seabee 
Puna
Segment Total
Corporate and other (1)
Consolidated
Revenue$322,831 $374,594 $98,776 $204,829 $1,001,030 $— $1,001,030 
Cost of sales (2)
$199,425 $199,970 $61,476 $123,736 $584,607 $— $584,607 
Depreciation, depletion, and amortization$68,350 $32,062 $26,362 $20,953 $147,727 $— $147,727 
Exploration and evaluation
$3,165 $847 $13,763 $7,260 $25,035 $14,351 $39,386 
Operating income (loss)$46,514 $130,800 $(3,694)$47,815 $221,435 $(54,056)$167,379 
Capital expenditures$50,767 $76,528 $29,051 $9,900 $166,246 $— $166,246 
Total assets as of September 30, 2023
$3,258,055 $775,957 $526,813 $314,901 $4,875,726 $873,934 $5,749,660 
(1)Corporate and other consists of business activities that are not included within the reportable segments and provided for reconciliation purposes.
(2)Excludes depreciation, depletion, and amortization.