Segment Information

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company's reportable segments are comprised of operating units that have revenues, earnings or losses, or assets exceeding 10% of the respective consolidated totals, and are consistent with the Company’s management reporting structure. Each segment is reviewed by the executive decision-making group to make decisions about allocating the Company's resources and to assess their performance. The tables below summarize the Company's segment information (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	Hycroft Mine		Corporate and Other		Total		Hycroft Mine		Corporate and Other		Total
2021
Revenue - Note 13	$	31,676	$	—	$	31,676	$	86,713	$	—	$	86,713
Cost of sales	43,660		—		43,660		106,563		—		106,563
Other operating costs	3,362		3,313		6,675		5,082		12,271		17,353
Loss from operations	(15,346)		(3,313)		(18,659)		(24,932)		(12,271)		(37,203)
Interest expense, net of capitalized interest - Note 9	—		(5,461)		(5,461)		—		(15,176)		(15,176)
Fair value adjustment to warrants - Notes 11 and 18	—		812		812		—		10,956		10,956
Loss before income taxes	$	(15,346)	$	(7,962)	$	(23,308)	$	(24,932)	$	(16,491)	$	(41,423)
Income tax benefit	—		95		95		—		95		95
Net loss	$	(15,346)	$	(7,867)	$	(23,213)	$	(24,932)	$	(16,396)	$	(41,328)
2020
Revenue - Note 13	$	12,291	$	—	$	12,291	$	31,051	$	—	$	31,051
Cost of sales	25,770		—		25,770		81,501		—		81,501
Other operating costs	5,424		5,711		11,135		5,611		18,149		23,760
Loss from operations	(18,903)		(5,711)		(24,614)		(56,061)		(18,149)		(74,210)
Interest expense, net of capitalized interest - Note 9	—		(4,319)		(4,319)		—		(39,278)		(39,278)
Fair value adjustment to warrants - Notes 11 and 18	—		(3,354)		(3,354)		—		(4,276)		(4,276)
Interest income	9		—		9		156		—		156
Net loss	$	(18,894)	$	(13,384)	$	(32,278)	$	(55,905)	$	(61,703)	$	(117,608)