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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2022
SEGMENT INFORMATION  
Schedule of geographical distribution of long-lived assets

As of September 30, 2022

As of December 31, 2021

Total stream

Total stream

Stream

Royalty

and royalty

Stream

Royalty

and royalty

  

interest

  

interest

  

interests, net

  

interest

  

interest

  

interests, net

Canada

$

528,325

$

620,035

$

1,148,360

$

579,326

$

412,419

$

991,745

Dominican Republic

328,674

328,674

350,083

350,083

Africa

307,291

321

307,612

297,569

321

297,890

Chile

238,596

224,116

462,712

249,147

224,116

473,263

United States

626,525

626,525

107,761

107,761

Mexico

53,046

53,046

60,977

60,977

Australia

26,642

26,642

27,496

27,496

Rest of world

104,192

26,617

130,809

107,920

26,617

134,537

Total

$

1,507,078

$

1,577,302

$

3,084,380

$

1,584,045

$

859,707

$

2,443,752

Schedule of reportable segments for assessing performance

Our reportable segments for purposes of assessing performance are shown below (amounts in thousands):

Three Months Ended September 30, 2022

    

Revenue

    

Cost of sales (1)

    

Production taxes

    

Depletion (2)

    

Segment gross profit

Stream interests

$

98,732

$

23,221

$

$

32,576

$

42,935

Royalty interests

32,697

1,119

5,063

26,515

Total

$

131,429

$

23,221

$

1,119

$

37,639

$

69,450

Three Months Ended September 30, 2021

    

Revenue

    

Cost of sales (1)

    

Production taxes

    

Depletion (2)

    

Segment gross profit

Stream interests

$

115,921

$

27,230

$

$

41,922

$

46,769

Royalty interests

58,510

2,054

8,596

47,860

Total

$

174,431

$

27,230

$

2,054

$

50,518

$

94,629

Nine Months Ended September 30, 2022

    

Revenue

    

Cost of sales (1)

    

Production taxes

    

Depletion (2)

    

Segment gross profit

Stream interests

$

308,863

$

69,670

$

$

106,745

$

132,448

Royalty interests

131,363

4,765

22,623

103,975

Total

$

440,226

$

69,670

$

4,765

$

129,368

$

236,423

Nine Months Ended September 30, 2021

    

Revenue

    

Cost of sales (1)

    

Production taxes

    

Depletion (2)

    

Segment gross profit

Stream interests

$

325,688

$

73,367

$

$

113,263

$

139,058

Royalty interests

159,359

6,042

26,394

126,923

Total

$

485,047

$

73,367

$

6,042

$

139,657

$

265,981

(1)Excludes depreciation, depletion and amortization

(2)Depletion amounts are included within Depreciation, depletion and amortization on our consolidated statements of operations and comprehensive income.
Schedule of reconciliation of segment gross profit to consolidated income (loss)

A reconciliation of total segment gross profit to the consolidated Income before income taxes is shown below (amounts in thousands):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

September 30, 

September 30, 

   

2022

   

2021

   

2022

   

2021

Total segment gross profit

$

69,450

$

94,629

$

236,423

$

265,981

Costs and expenses

General and administrative expenses

7,554

7,129

25,797

21,272

Depreciation and amortization

122

93

371

278

Operating income

61,774

87,407

210,255

244,431

Fair value changes in equity securities

356

176

(1,221)

4,035

Interest and other income

3,571

819

5,665

2,227

Interest and other expense

(8,814)

(1,908)

(11,110)

(4,873)

Income before income taxes

$

56,887

$

86,494

$

203,589

$

245,820

Schedule of revenue by reportable segment geographically distributed

Our revenue by reportable segment for the three and nine months ended September 30, 2022 and 2021 is geographically distributed as shown in the following table (amounts in thousands):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

September 30, 

September 30, 

    

2022

    

2021

   

2022

   

2021

Stream interests:

Canada

$

46,861

$

64,031

$

152,938

$

158,679

Dominican Republic

21,156

27,198

64,232

83,957

Chile

12,170

11,601

39,566

52,491

Africa

13,257

8,679

38,633

26,149

Rest of world

5,288

4,412

13,494

4,412

Total stream interests

$

98,732

$

115,921

$

308,863

$

325,688

Royalty interests:

United States

$

11,413

$

27,080

$

52,616

$

64,903

Mexico

11,095

15,427

38,915

46,888

Canada

4,826

6,402

21,377

24,616

Australia

3,446

6,917

11,533

15,526

Africa

602

430

1,909

Rest of world

1,917

2,082

6,492

5,517

Total royalty interests

$

32,697

$

58,510

$

131,363

$

159,359

Total revenue

$

131,429

$

174,431

$

440,226

$

485,047