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OPERATING SEGMENTS
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
OPERATING SEGMENTS OPERATING SEGMENTS
The Company identifies its segments according to how the chief operating decision maker ("CODM") evaluates financial performance and allocates resources. The Company's CODM is the chief executive officer. The CODM assesses the segments' performance by using each segments' operating income and primarily relies on operating income for each segment during the annual budgeting and forecasting process. On a quarterly basis, the CODM reviews budget-to-actual variances for profit metrics to inform decisions on the allocation of operating and capital resources across segments.
Following the close of the CC&V acquisition, the Company revised its operating segments to reflect certain changes in how the CODM evaluates financial performance and allocates resources. The Company determined that it has currently has five reportable and operating segments represented by each of its producing mine sites, which includes the suspended operations at Çöpler and now includes CC&V. For the periods prior to the first quarter of 2025, the Company had four reportable segments.
The following tables provide a summary of financial information related to the Company's segments (in thousands):
Three Months Ended March 31, 2025
Çöpler (1)
Marigold 
CC&V (2)
Seabee 
Puna
Segment Total
Corporate and other (3)
Consolidated
Revenue$— $117,180 $34,872 $76,302 $88,264 $316,618 $— $316,618 
Cost of sales (4)
$— $58,726 $17,966 $23,130 $36,819 $136,641 $— $136,641 
Depreciation, depletion, and amortization$— $8,713 $504 $13,504 $7,780 $30,501 $112 $30,613 
General and administrative expense$— $— $— $— $— $— $23,894 $23,894 
Exploration and evaluation$422 $692 $195 $4,140 $373 $5,822 $1,043 $6,865 
Reclamation and remediation costs
$615 $806 $1,284 $336 $1,279 $4,320 $— $4,320 
Care and maintenance (5)
$35,795 $— $— $— $— $35,795 $— $35,795 
Other operating expense (income), net
$2,578 $344 $3 $— $236 $3,161 $8,437 $11,598 
Operating income (loss)$(39,409)$47,900 $14,921 $35,192 $41,776 $100,380 $(33,488)$66,892 
Interest expense
$(1,577)$— $— $— $(105)$(1,682)$(1,687)$(3,369)
Interest income
$— $1,600 $— $428 $345 $2,373 $624 $2,997 
Other income (expense)
$44 $(213)$— $(8)$3,824 $3,647 $(321)$3,326 
Foreign exchange gain (loss)$(100)$— $— $(107)$(3,685)$(3,892)$(2,160)$(6,052)
Income (loss) before income and mining taxes$(41,042)$49,287 $14,921 $35,504 $42,156 $100,826 $(37,032)$63,794 
Capital expenditures$492 $15,250 $1,393 $11,802 $1,954 $30,891 $12,162 $43,053 
Total assets as of March 31, 2025
$2,662,020 $804,471 $516,068 $371,437 $339,334 $4,693,330 $951,178 $5,644,508 
(1)All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident and have not commenced as of March 31, 2025.
(2)The reported statements of operations amounts reflect results from the date of acquisition of CC&V on February 28, 2025 through March 31, 2025. See Note 3 for additional information.
(3)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.
(4)Excludes depreciation, depletion, and amortization.
(5)Care and maintenance expense represents the direct costs not associated with the environmental reclamation and remediation costs of $20.6 million and depreciation of $15.2 million during the suspension of operations at Çöpler.
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 
General and administrative expense
$— $— $— $— $— $12,861 $12,861 
Exploration and evaluation
$774 $4,095 $3,546 $335 $8,750 $1,481 $10,231 
Reclamation and remediation costs
$273,397 $724 $334 $863 $275,318 $— $275,318 
Impairment charges of long-lived and other assets
$114,230 $— $— $— $114,230 $— $114,230 
Care and maintenance (3)
$14,409 $— $— $— $14,409 $— $14,409 
Other operating expense (income), net
$15,310 $— $— $— $15,310 $— $15,310 
Operating income (loss)$(403,803)$15,356 $15,602 $10,763 $(362,082)$(14,342)$(376,424)
Interest expense$(2,530)$— $— $(427)$(2,957)$(1,698)$(4,655)
Interest income$1,021 $1,893 $1,661 $470 $5,045 $1,251 $6,296 
Other income (expense)$602 $(479)$(8)$(2,848)$(2,733)$204 $(2,529)
Foreign exchange gain (loss)$(2,372)$— $(2)$2,758 $384 $(1,297)$(913)
Income (loss) before income and mining taxes$(407,082)$16,770 $17,253 $10,716 $(362,343)$(15,882)$(378,225)
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.