Segment Information

12 Months Ended

Dec. 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):

	Year Ended December 31, 2022
	Hycroft Mine		Corporate and Other		Total
Revenues – Note 15	$	33,229	$	—	$	33,229
Cost of sales	53,589		—		53,589
Other operating costs	18,763		14,367		33,130
Loss from operations	(39,123)		(14,367)		(53,490)
Interest expense, net of capitalized interest – Note 10	(10)		(18,471)		(18,481)
Interest income	439		1,874		2,313
Gain on extinguishment of debt	—		5,041		5,041
Fair value adjustment to warrants – Notes 12 and 20	—		(159)		(159)
Gain on sale of equipment	3,948		—		3,948
Net loss	$	(34,746)	$	(26,082)	$	(60,828)
Total Assets	$	102,057	$	146,897	$	248,954
	Year Ended December 31, 2021
	Hycroft Mine		Corporate and Other		Total
Revenues – 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	—		1,530		1,530
Net income (loss)	$	(69,308)	$	(19,256)	$	(88,564)
Total Assets	$	138,971	$	3,353	$	142,324