OPERATING SEGMENTS | OPERATING SEGMENTSThe 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): Three Months Ended June 30, 2023 Çöpler Marigold Seabee Puna Corporate and other (1) Total Revenue $ 97,856 $ 117,806 $ 30,058 $ 55,306 $ — $ 301,026 Cost of sales (2) $ 54,949 $ 63,965 $ 18,272 $ 33,454 $ — $ 170,640 Depletion, depreciation, and amortization $ 20,099 $ 9,982 $ 8,360 $ 6,200 $ — $ 44,641 Exploration, evaluation, and reclamation costs $ 1,738 $ 3,807 $ 5,565 $ 3,064 $ 1,974 $ 16,148 Operating income (loss) $ 19,744 $ 40,053 $ (2,139) $ 12,552 $ (17,281) $ 52,929 Capital expenditures $ 13,719 $ 33,677 $ 12,027 $ 1,901 $ — $ 61,324 Total assets as of June 30, 2023 $ 3,261,738 $ 730,579 $ 521,586 $ 314,706 $ 910,870 $ 5,739,479 (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. Three Months Ended June 30, 2022 Çöpler Marigold Seabee Puna Corporate and other (1) Total Revenue $ 108,743 $ 85,425 $ 79,110 $ 46,305 $ — $ 319,583 Cost of sales (2) $ 63,095 $ 50,422 $ 19,015 $ 32,396 $ — $ 164,928 Depletion, depreciation, and amortization $ 27,081 $ 8,395 $ 14,370 $ 4,002 $ — $ 53,848 Exploration, evaluation, and reclamation costs $ 749 $ 4,046 $ 2,972 $ 2,131 $ 1,346 $ 11,244 Operating income (loss) $ 17,087 $ 22,562 $ 42,745 $ 7,764 $ (20,063) $ 70,095 Capital expenditures $ 3,915 $ 15,331 $ 8,852 $ 2,262 $ — $ 30,360 Total assets as of June 30, 2022 $ 2,951,865 $ 635,283 $ 583,523 $ 302,530 $ 694,750 $ 5,167,951 (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 and the greenfield standalone prospects are included in Corporate and other. (2) Excludes depreciation, depletion, and amortization. Six Months Ended June 30, 2023 Çöpler Marigold Seabee Puna Corporate and other (1) Total Revenue $ 208,369 $ 215,974 $ 62,151 $ 129,146 $ — $ 615,640 Cost of sales (2) $ 129,595 $ 118,506 $ 41,537 $ 80,299 $ — $ 369,937 Depletion, depreciation, and amortization $ 42,750 $ 18,556 $ 17,347 $ 13,083 $ — $ 91,736 Exploration, evaluation, and reclamation costs $ 2,722 $ 7,575 $ 9,724 $ 4,901 $ 3,924 $ 28,846 Operating income (loss) $ 31,240 $ 71,337 $ (6,457) $ 30,775 $ (36,981) $ 89,914 Capital expenditures $ 23,788 $ 63,269 $ 20,472 $ 4,478 $ — $ 112,007 Total assets as of June 30, 2023 $ 3,261,738 $ 730,579 $ 521,586 $ 314,706 $ 910,870 $ 5,739,479 (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. Six Months Ended June 30, 2022 Çöpler Marigold Seabee Puna Corporate and other (1) Total Revenue $ 246,150 $ 154,318 $ 169,967 $ 104,594 $ — $ 675,029 Cost of sales (2) $ 125,679 $ 89,157 $ 35,425 $ 68,187 $ — $ 318,448 Depletion, depreciation, and amortization $ 57,594 $ 15,283 $ 29,749 $ 9,964 $ — $ 112,590 Exploration, evaluation, and reclamation costs $ 1,837 $ 7,887 $ 5,346 $ 2,612 $ 3,420 $ 21,102 Operating income (loss) $ 59,585 $ 41,990 $ 99,436 $ 23,670 $ (38,716) $ 185,965 Capital expenditures $ 10,786 $ 33,566 $ 21,766 $ 4,475 $ — $ 70,593 Total assets as of June 30, 2022 $ 2,951,865 $ 635,283 $ 583,523 $ 302,530 $ 694,750 $ 5,167,951 (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 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 June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Türkiye $ 3,725,669 $ 3,064,482 Canada 324,684 311,937 United States 363,428 321,423 Argentina 119,556 127,661 Mexico 495 536 Peru 481 482 Total $ 4,534,313 $ 3,826,521 The following is revenue information by geographic area based on the location for the three and six months ended June 30 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Türkiye $ 97,856 $ 108,743 $ 208,369 $ 246,150 Canada 30,058 79,110 62,151 169,967 United States 117,806 85,425 215,974 154,318 Argentina 55,306 46,305 129,146 104,594 Total $ 301,026 $ 319,583 $ 615,640 $ 675,029 |