Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

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
2022
Revenues - Note 15	$	8,758	$	—	$	8,758	$	21,755	$	—	$	21,755
Cost of sales	11,237		—		11,237		35,026		—		35,026
Other operating costs	7,113		3,032		10,145		8,506		11,352		19,858
Loss from operations	(9,592)		(3,032)		(12,624)		(21,777)		(11,352)		(33,129)
Interest expense, net of capitalized interest - Note 10	(3)		(4,456)		(4,459)		(9)		(13,994)		(14,003)
Interest income	153		673		826		173		673		846
Fair value adjustment to warrants - Notes 12 and 20	—		1,133		1,133		—		(482)		(482)



Commissions expense - Note 7	(936)		—		(936)		(936)		—		(936)
Gain on sale of equipment	211		—		211		813		—		813
Net loss	$	(10,167)	$	(5,682)	$	(15,849)	$	(21,736)	$	(25,155)	$	(46,891)

2021
Revenues - Note 15	$	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 10	—		(5,461)		(5,461)		—		(15,176)		(15,176)
Fair value adjustment to warrants - Notes 12 and 20	—		812		812		—		10,956		10,956

Loss before income taxes	(15,346)		(7,962)		(23,308)		(24,932)		(16,491)		(41,423)
Income tax benefits	—		95		95		—		95		95
Net income (loss)	$	(15,346)	$	(7,867)	$	(23,213)	$	(24,932)	$	(16,396)	$	(41,328)