Segment Information

12 Months Ended

Dec. 31, 2023

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 (in thousands):

	Year Ended December 31, 2023
	Hycroft Mine		Corporate and Other		Total
Operating costs	$	32,881	$	12,673	$	45,554
Loss from operations	(32,881)		(12,673)		(45,554)
Interest expense – Note 9	(1)		(18,466)		(18,467)
Interest income	2,422		5,856		8,278
Gain on sale of assets, net of commissions	544		—		544
Fair value adjustment to warrants – Notes 14 and 21	—		175		175
Net loss	$	(29,916)	$	(25,108)	$	(55,024)
Total Assets	$	66,129	$	135,564	$	201,693
	Year Ended December 31, 2022
	Hycroft Mine		Corporate and Other		Total
Revenues – Note 16	$	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 – Note 9	(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 14 and 21	—		(159)		(159)
Gain on sale of assets, net of commissions	3,948		—		3,948
Net loss	$	(34,746)	$	(26,082)	$	(60,828)
Total Assets	$	102,057	$	146,897	$	248,954