Segment Information

12 Months Ended

Dec. 31, 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):

	Year Ended December 31,
	Hycroft Mine		Corporate and Other		Total
2021
Revenue - Note 15	$	110,734	$	—	$	110,734
Cost of sales	163,338		—		163,338
Other operating costs	16,688		14,619		31,307
Loss from operations	(69,292)		(14,619)		(83,911)
Interest expense, net of capitalized interest - Note 10	—		(20,593)		(20,593)
Fair value adjustment to warrants - Notes 12 and 20	—		14,426		14,426
Gain on sale of equipment	$	(16)	$	—	$	(16)
Loss before income taxes	$	(69,308)	$	(20,786)	$	(90,094)
Income tax benefit - Note 17	—		1,530		1,530
Net loss	$	(69,308)	$	(19,256)	$	(88,564)
Total Assets	$	138,971	$	3,353	$	142,324
2020
Revenue - Note 15	$	47,044	$	—	$	47,044
Cost of sales	109,621		—		109,621
Other operating costs	5,705		21,084		26,789
Loss from operations	(68,282)		(21,084)		(89,366)
Interest expense, net of capitalized interest - Note 10	(141)		(43,317)		(43,458)
Fair value adjustment to warrants - Notes 12 and 20	—		(3,767)		(3,767)
Interest income	199		—		199
Net loss	$	(68,224)	$	(68,168)	$	(136,392)
Total Assets	$	177,298	$	55,328	$	232,626