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OPERATING SEGMENTS
 3 Months Ended
Mar. 31, 2026
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 segment’s 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.
As described in Note 3, the Çöpler mine and related properties met the criteria for classification as held for sale and discontinued operations as of March 31, 2026, and are excluded from the tables below. Following the removal of Çöpler, the Company determined that it has four reportable and operating segments represented by each of its producing mine sites.
The following tables provide a summary of financial information related to the Company’s segments (in thousands):
Three Months Ended March 31, 2026
Marigold
CC&V
Seabee
Puna
Segment Total
Corporate and other (1)
Total from Continuing Operations
Revenue$187,639 $186,452 $28,446 $179,241 $581,778 $— $581,778 
Cost of sales (2)
$71,634 $54,746 $21,245 $47,494 $195,119 $— $195,119 
Depreciation, depletion, and amortization$9,999 $5,379 $6,936 $7,711 $30,025 $155 $30,180 
General and administrative expense$— $— $— $— $— $38,480 $38,480 
Exploration and evaluation$243 $23 $1,815 $2,120 $4,201 $1,103 $5,304 
Reclamation and remediation costs
$889 $3,993 $336 $1,280 $6,498 $— $6,498 
Other operating expense (income), net
$2,843 $643 $399 $224 $4,109 $1,707 $5,816 
Operating income (loss)$102,031 $121,668 $(2,285)$120,412 $341,826 $(41,445)$300,381 
Interest expense
$— $(8)$(12)$5 $(15)$(1,255)$(1,270)
Interest income
$203 $140 $204 $321 $868 $2,292 $3,160 
Other income (expense)
$(203)$387 $(22)$4,933 $5,095 $(348)$4,747 
Foreign exchange gain (loss)$— $— $85 $5,577 $5,662 $(2,719)$2,943 
Income (loss) before income and mining taxes
$102,031 $122,187 $(2,030)$131,248 $353,436 $(43,475)$309,961 
Capital expenditures$25,673 $7,477 $17,808 $4,745 $55,703 $30,624 $86,327 
Total assets as of March 31, 2026
$928,448 $754,844 $368,182 $461,771 $2,513,245 $1,173,536 $3,686,781 
(1)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, 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.
Three Months Ended March 31, 2025
Marigold
CC&V (1)
Seabee 
Puna
Segment Total
Corporate and other (2)
Total from Continuing Operations
Revenue$117,180 $34,872 $76,302 $88,264 $316,618 $— $316,618 
Cost of sales (3)
$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
$692 $195 $4,140 $373 $5,400 $561 $5,961 
Reclamation and remediation costs
$806 $1,284 $336 $1,279 $3,705 $— $3,705 
Other operating expense (income), net
$344 $3 $— $236 $583 $8,437 $9,020 
Operating income (loss)$47,900 $14,920 $35,192 $41,776 $139,788 $(33,004)$106,784 
Interest expense$— $— $— $(105)$(105)$(1,687)$(1,792)
Interest income$1,600 $— $428 $345 $2,373 $624 $2,997 
Other income (expense)$(213)$— $(8)$3,824 $3,603 $(348)$3,255 
Foreign exchange gain (loss)$— $— $(107)$(3,685)$(3,792)$(1,839)$(5,631)
Income (loss) before income and mining taxes
$49,287 $14,920 $35,505 $42,155 $141,867 $(36,254)$105,613 
Capital expenditures$15,250 $1,393 $11,802 $1,954 $30,399 $12,162 $42,561 
Total assets as of March 31, 2025
$804,471 $516,068 $371,437 $339,334 $2,031,310 $945,933 $2,977,243 
(1)The reported statements of operations amounts reflect results for CC&V from the date of acquisition on February 28, 2025 through March 31, 2025. See Note 3 for additional information.
(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.