Segment Information

3 Months Ended

Mar. 31, 2022

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 March 31,
	Hycroft Mine		Corporate and Other		Total
2022
Revenue - Note 14	$	9,166	$	—	$	9,166
Cost of sales	16,972		—		16,972
Other operating costs	1,140		3,072		4,212
Loss from operations	(8,946)		(3,072)		(12,018)
Interest expense, net of capitalized interest - Note 9	(4)		(5,342)		(5,346)
Fair value adjustment to warrants - Notes 11 and 19	—		(5,321)		(5,321)
Gain on sale of equipment	625		—		625
Loss before income taxes	$	(8,325)	$	(13,735)	$	(22,060)
Income tax benefit	—		—		—
Net loss	$	(8,325)	$	(13,735)	$	(22,060)
Total Assets	$	126,273	167,081		293,354
2021
Revenue - Note 14	$	19,036	$	—	$	19,036
Cost of sales	29,402		—		29,402
Other operating costs	595		3,794		4,389
Loss from operations	(10,961)		(3,794)		(14,755)
Interest expense, net of capitalized interest - Note 9	—		(4,449)		(4,449)
Fair value adjustment to warrants - Notes 11 and 19	—		9,493		9,493
Interest income	23		—		23
Net income (loss)	$	(10,938)	$	1,250	$	(9,688)
Total Assets	$	186,197	$	36,705	$	222,902