| Schedule of Segment Reporting |
The following tables provide a summary of financial information related to the Company’s segments (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Marigold | | CC&V | | Seabee | | Puna | | Segment Total | | Corporate and other (1) | | Total from Continuing Operations | | Revenue | $ | 127,376 | | | $ | 129,094 | | | $ | 65,311 | | | $ | 122,017 | | | $ | 443,798 | | | $ | — | | | $ | 443,798 | | Cost of sales (2) | $ | 58,843 | | | $ | 44,488 | | | $ | 27,016 | | | $ | 43,325 | | | $ | 173,672 | | | $ | — | | | $ | 173,672 | | | Depreciation, depletion, and amortization | $ | 8,096 | | | $ | 4,820 | | | $ | 12,218 | | | $ | 5,839 | | | $ | 30,973 | | | $ | 79 | | | $ | 31,052 | | | General and administrative expense | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 27,649 | | | $ | 27,649 | | | Exploration and evaluation | $ | 219 | | | $ | 225 | | | $ | 1,619 | | | $ | 3,964 | | | $ | 6,027 | | | $ | 2,932 | | | $ | 8,959 | | Reclamation and remediation costs | $ | 890 | | | $ | 4,643 | | | $ | 336 | | | $ | 1,280 | | | $ | 7,149 | | | $ | — | | | $ | 7,149 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other operating expense (income), net | $ | 1,177 | | | $ | (110) | | | $ | 44 | | | $ | 297 | | | $ | 1,408 | | | $ | 2,233 | | | $ | 3,641 | | | Operating income (loss) | $ | 58,151 | | | $ | 75,028 | | | $ | 24,078 | | | $ | 67,312 | | | $ | 224,569 | | | $ | (32,893) | | | $ | 191,676 | | Interest expense | $ | — | | | $ | (3) | | | $ | — | | | $ | (29) | | | $ | (32) | | | $ | (361) | | | $ | (393) | | Interest income | $ | 121 | | | $ | 187 | | | $ | 61 | | | $ | 424 | | | $ | 793 | | | $ | 4,031 | | | $ | 4,824 | | Other income (expense) | $ | (210) | | | $ | 1,528 | | | $ | 5 | | | $ | 6,319 | | | $ | 7,642 | | | $ | (99) | | | $ | 7,543 | | | Foreign exchange gain (loss) | $ | — | | | $ | 1 | | | $ | (302) | | | $ | (13,294) | | | $ | (13,595) | | | $ | (4,723) | | | $ | (18,318) | | Income (loss) before income and mining taxes | $ | 58,062 | | | $ | 76,741 | | | $ | 23,842 | | | $ | 60,732 | | | $ | 219,377 | | | $ | (34,045) | | | $ | 185,332 | | | Capital expenditures | $ | 40,188 | | | $ | 19,442 | | | $ | 11,058 | | | $ | 9,757 | | | $ | 80,445 | | | $ | — | | | $ | 80,445 | | Total assets as of June 30, 2026 | $ | 947,676 | | | $ | 727,212 | | | $ | 393,261 | | | $ | 316,327 | | | $ | 2,384,476 | | | $ | 1,894,814 | | | $ | 4,279,290 | |
(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 June 30, 2025 | | Marigold | | CC&V | | Seabee (1) | | Puna | | Segment Total | | Corporate and other (2) | | Total from Continuing Operations | | Revenue | $ | 118,786 | | | $ | 149,965 | | | $ | 34,540 | | | $ | 102,164 | | | $ | 405,455 | | | $ | — | | | $ | 405,455 | | Cost of sales (3) | $ | 56,376 | | | $ | 50,003 | | | $ | 18,473 | | | $ | 38,096 | | | $ | 162,948 | | | $ | — | | | $ | 162,948 | | | Depreciation, depletion, and amortization | $ | 8,228 | | | $ | 2,784 | | | $ | 6,921 | | | $ | 8,191 | | | $ | 26,124 | | | $ | 80 | | | $ | 26,204 | | General and administrative expense | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 26,634 | | | $ | 26,634 | | Exploration and evaluation | $ | 1,824 | | | $ | (195) | | | $ | 2,743 | | | $ | 805 | | | $ | 5,177 | | | $ | 880 | | | $ | 6,057 | | Reclamation and remediation costs | $ | 806 | | | $ | 3,887 | | | $ | 336 | | | $ | 1,280 | | | $ | 6,309 | | | $ | — | | | $ | 6,309 | | | | | | | | | | | | | | | | Care and maintenance (4) | $ | — | | | $ | — | | | $ | 1,013 | | | $ | — | | | $ | 1,013 | | | $ | — | | | $ | 1,013 | | Other operating expense (income), net | $ | 313 | | | $ | 630 | | | $ | 98 | | | $ | 203 | | | $ | 1,244 | | | $ | 6,970 | | | $ | 8,214 | | | Operating income (loss) | $ | 51,239 | | | $ | 92,856 | | | $ | 4,956 | | | $ | 53,589 | | | $ | 202,640 | | | $ | (34,564) | | | $ | 168,076 | | | Interest expense | $ | — | | | $ | — | | | $ | — | | | $ | (877) | | | $ | (877) | | | $ | (1,708) | | | $ | (2,585) | | | Interest income | $ | 756 | | | $ | — | | | $ | 303 | | | $ | 907 | | | $ | 1,966 | | | $ | 1,057 | | | $ | 3,023 | | | Other income (expense) | $ | (246) | | | $ | — | | | $ | (7) | | | $ | 3,954 | | | $ | 3,701 | | | $ | (730) | | | $ | 2,971 | | | Foreign exchange gain (loss) | $ | — | | | $ | — | | | $ | 854 | | | $ | (6,235) | | | $ | (5,381) | | | $ | (4,837) | | | $ | (10,218) | | Income (loss) before income and mining taxes | $ | 51,749 | | | $ | 92,856 | | | $ | 6,106 | | | $ | 51,338 | | | $ | 202,049 | | | $ | (40,782) | | | $ | 161,267 | | | Capital expenditures | $ | 18,841 | | | $ | 14,427 | | | $ | 8,762 | | | $ | 4,023 | | | $ | 46,053 | | | $ | 759 | | | $ | 46,812 | | Total assets as of June 30, 2025 | $ | 818,746 | | | $ | 534,551 | | | $ | 355,909 | | | $ | 363,386 | | | $ | 2,072,592 | | | $ | 358,728 | | | $ | 2,431,320 | |
(1)During the second quarter of 2025, the Company suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025. (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, 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 direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the three months ended June 30, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Marigold | | CC&V | | Seabee | | Puna | | Segment Total | | Corporate and other (1) | | Total from Continuing Operations | | Revenue | $ | 315,015 | | | $ | 315,546 | | | $ | 93,757 | | | $ | 301,258 | | | $ | 1,025,576 | | | $ | — | | | $ | 1,025,576 | | Cost of sales (2) | $ | 130,477 | | | $ | 99,234 | | | $ | 48,261 | | | $ | 90,819 | | | $ | 368,791 | | | $ | — | | | $ | 368,791 | | | Depreciation, depletion, and amortization | $ | 18,095 | | | $ | 10,199 | | | $ | 19,154 | | | $ | 13,550 | | | $ | 60,998 | | | $ | 159 | | | $ | 61,157 | | | General and administrative expense | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 66,130 | | | $ | 66,130 | | | Exploration and evaluation | $ | 462 | | | $ | 248 | | | $ | 3,434 | | | $ | 6,084 | | | $ | 10,228 | | | $ | 4,035 | | | $ | 14,263 | | Reclamation and remediation costs | $ | 1,779 | | | $ | 8,636 | | | $ | 672 | | | $ | 2,560 | | | $ | 13,647 | | | $ | — | | | $ | 13,647 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other operating expense (income), net | $ | 4,020 | | | $ | 533 | | | $ | 443 | | | $ | 521 | | | $ | 5,517 | | | $ | 3,940 | | | $ | 9,457 | | | Operating income (loss) | $ | 160,182 | | | $ | 196,696 | | | $ | 21,793 | | | $ | 187,724 | | | $ | 566,395 | | | $ | (74,264) | | | $ | 492,131 | | | Interest expense | $ | — | | | $ | (11) | | | $ | (12) | | | $ | (24) | | | $ | (47) | | | $ | (1,615) | | | $ | (1,662) | | | Interest income | $ | 324 | | | $ | 327 | | | $ | 265 | | | $ | 745 | | | $ | 1,661 | | | $ | 6,323 | | | $ | 7,984 | | | Other income (expense) | $ | (413) | | | $ | 1,915 | | | $ | (17) | | | $ | 11,252 | | | $ | 12,737 | | | $ | (406) | | | $ | 12,331 | | | Foreign exchange gain (loss) | $ | — | | | $ | 1 | | | $ | (217) | | | $ | (7,717) | | | $ | (7,933) | | | $ | (4,644) | | | $ | (12,577) | | | Income (loss) before income and mining taxes | $ | 160,093 | | | $ | 198,928 | | | $ | 21,812 | | | $ | 191,980 | | | $ | 572,813 | | | $ | (74,606) | | | $ | 498,207 | | | Capital expenditures | $ | 65,861 | | | $ | 26,919 | | | $ | 28,866 | | | $ | 14,502 | | | $ | 136,148 | | | $ | — | | | $ | 136,148 | | Total assets as of June 30, 2026 | $ | 947,676 | | | $ | 727,212 | | | $ | 393,261 | | | $ | 316,327 | | | $ | 2,384,476 | | | $ | 1,894,814 | | | $ | 4,279,290 | |
(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. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Marigold | | CC&V (1) | | Seabee (2) | | Puna | | Segment Total | | Corporate and other (3) | | Total from Continuing Operations | | Revenue | $ | 235,966 | | | $ | 184,837 | | | $ | 110,842 | | | $ | 190,428 | | | $ | 722,073 | | | $ | — | | | $ | 722,073 | | Cost of sales (4) | $ | 115,102 | | | $ | 67,968 | | | $ | 41,604 | | | $ | 74,915 | | | $ | 299,589 | | | $ | — | | | $ | 299,589 | | | Depreciation, depletion, and amortization | $ | 16,941 | | | $ | 3,288 | | | $ | 20,425 | | | $ | 15,972 | | | $ | 56,626 | | | $ | 159 | | | $ | 56,785 | | | General and administrative expense | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 50,529 | | | $ | 50,529 | | | Exploration and evaluation | $ | 2,515 | | | $ | — | | | $ | 6,883 | | | $ | 1,177 | | | $ | 10,575 | | | $ | 1,442 | | | $ | 12,017 | | | Reclamation and remediation costs | $ | 1,610 | | | $ | 5,171 | | | $ | 672 | | | $ | 2,561 | | | $ | 10,014 | | | $ | — | | | $ | 10,014 | | | | | | | | | | | | | | | | Care and maintenance (5) | $ | — | | | $ | — | | | $ | 1,013 | | | $ | — | | | $ | 1,013 | | | $ | — | | | $ | 1,013 | | | Other operating expense (income), net | $ | 656 | | | $ | 634 | | | $ | 98 | | | $ | 439 | | | $ | 1,827 | | | $ | 15,407 | | | $ | 17,234 | | | Operating income (loss) | $ | 99,142 | | | $ | 107,776 | | | $ | 40,147 | | | $ | 95,364 | | | $ | 342,429 | | | $ | (67,537) | | | $ | 274,892 | | | Interest expense | $ | — | | | $ | — | | | $ | — | | | $ | (982) | | | $ | (982) | | | $ | (3,395) | | | $ | (4,377) | | | Interest income | $ | 2,356 | | | $ | — | | | $ | 731 | | | $ | 1,253 | | | $ | 4,340 | | | $ | 1,680 | | | $ | 6,020 | | | Other income (expense) | $ | (459) | | | $ | — | | | $ | (15) | | | $ | 7,778 | | | $ | 7,304 | | | $ | (1,068) | | | $ | 6,236 | | | Foreign exchange gain (loss) | $ | — | | | $ | — | | | $ | 746 | | | $ | (9,920) | | | $ | (9,174) | | | $ | (5,675) | | | $ | (14,849) | | | Income (loss) before income and mining taxes | $ | 101,039 | | | $ | 107,776 | | | $ | 41,609 | | | $ | 93,493 | | | $ | 343,917 | | | $ | (75,995) | | | $ | 267,922 | | | Capital expenditures | $ | 34,091 | | | $ | 15,820 | | | $ | 20,564 | | | $ | 5,977 | | | $ | 76,452 | | | $ | — | | | $ | 76,452 | | Total assets as of June 30, 2025 | $ | 818,746 | | | $ | 534,551 | | | $ | 355,909 | | | $ | 363,386 | | | $ | 2,072,592 | | | $ | 358,728 | | | $ | 2,431,320 | |
(1)The reported statements of operations amounts reflect results for CC&V from the date of acquisition on February 28, 2025 through June 30, 2026. (2)During the second quarter of 2025, the Company suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025. (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, 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 of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the six months ended June 30, 2025.
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