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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2023
SEGMENT INFORMATION  
Schedule of geographical distribution of long-lived assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of June 30, 2023

​

As of December 31, 2022

​

​

​

​

​

​

​

​

Total stream

​

​

​

​

​

​

​

Total stream

​

​

Stream

​

Royalty

​

and royalty

​

Stream

​

Royalty

​

and royalty

​

  

interest

  

interest

  

interests, net

  

interest

  

interest

  

interests, net

Canada

​

$

484,602

​

$

616,920

​

$

1,101,522

​

$

511,957

​

$

620,549

​

$

1,132,506

Dominican Republic

​

​

314,998

​

​

—

​

​

314,998

​

​

320,867

​

​

—

​

​

320,867

Africa

​

​

280,517

​

​

321

​

​

280,838

​

​

299,722

​

​

321

​

​

300,043

Chile

​

​

230,421

​

​

224,116

​

​

454,537

​

​

236,312

​

​

224,116

​

​

460,428

United States

​

​

—

​

​

810,487

​

​

810,487

​

​

—

​

​

823,203

​

​

823,203

Mexico

​

​

—

​

​

45,703

​

​

45,703

​

​

—

​

​

50,156

​

​

50,156

Australia

​

​

—

​

​

21,743

​

​

21,743

​

​

—

​

​

22,120

​

​

22,120

Rest of world

​

​

99,095

​

​

26,638

​

​

125,733

​

​

101,440

​

​

26,639

​

​

128,079

Total

​

$

1,409,633

​

$

1,745,928

​

$

3,155,561

​

$

1,470,298

​

$

1,767,104

​

$

3,237,402

Schedule of reportable segments for assessing performance

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2023

​

    

Revenue

    

Cost of sales (1)

    

Production taxes

    

Depletion (2)

    

Segment gross profit

Stream interests

​

$

106,015

​

$

23,367

​

$

—

​

$

29,352

​

$

53,296

Royalty interests

​

​

38,027

​

​

—

​

​

1,274

​

​

8,945

​

​

27,808

Total

​

$

144,042

​

$

23,367

​

$

1,274

​

$

38,297

​

$

81,104

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2022

​

    

Revenue

    

Cost of sales (1)

    

Production taxes

    

Depletion (2)

    

Segment gross profit

Stream interests

​

$

104,879

​

$

23,810

​

$

—

​

$

37,790

​

$

43,279

Royalty interests

​

​

41,562

​

​

—

​

​

1,425

​

​

6,075

​

​

34,062

Total

​

$

146,441

​

$

23,810

​

$

1,425

​

$

43,865

​

$

77,341

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2023

​

    

Revenue

    

Cost of sales (1)

    

Production taxes

    

Depletion (2)

    

Segment gross profit

Stream interests

​

$

221,005

​

$

48,387

​

$

—

​

$

63,104

​

$

109,514

Royalty interests

​

​

93,429

​

​

—

​

​

3,263

​

​

21,408

​

​

68,758

Total

​

$

314,434

​

$

48,387

​

$

3,263

​

$

84,512

​

$

178,272

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2022

​

    

Revenue

    

Cost of sales (1)

    

Production taxes

    

Depletion (2)

    

Segment gross profit

Stream interests

​

$

210,130

​

$

46,450

​

$

—

​

$

74,169

​

$

89,511

Royalty interests

​

​

98,666

​

​

—

​

​

3,646

​

​

17,561

​

​

77,459

Total

​

$

308,796

​

$

46,450

​

$

3,646

​

$

91,730

​

$

166,970

​

(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

​

Six Months Ended

​

​

June 30, 

​

June 30, 

​

June 30, 

​

June 30, 

​

   

​

2023

   

​

2022

   

​

2023

   

​

2022

Total segment gross profit

​

$

81,104

​

$

77,341

​

$

178,272

​

$

166,970

​

​

​

​

​

​

​

​

​

​

​

​

​

Costs and expenses

​

​

​

​

​

​

​

​

​

​

​

​

General and administrative expenses

​

​

9,093

​

​

9,312

​

​

20,093

​

​

18,243

Depreciation and amortization

​

​

115

​

​

124

​

​

229

​

​

246

Operating income

​

​

71,896

​

​

67,905

​

​

157,950

​

​

148,481

Fair value changes in equity securities

​

​

(509)

​

​

(2,191)

​

​

291

​

​

(1,577)

Interest and other income

​

​

2,650

​

​

1,118

​

​

4,912

​

​

2,093

Interest and other expense

​

​

(8,408)

​

​

(1,398)

​

​

(17,582)

​

​

(2,296)

Income before income taxes

​

$

65,629

​

$

65,434

​

$

145,571

​

$

146,701

Schedule of revenue by reportable segment geographically distributed

Our revenue by reportable segment for the three and six months ended June 30, 2023 and 2022 is geographically distributed as shown in the following table (amounts in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

June 30, 

​

June 30, 

​

June 30, 

​

June 30, 

​

    

2023

    

2022

   

2023

   

2022

Stream interests:

​

​

​

​

​

​

​

​

​

​

​

​

Canada

​

$

50,848

​

$

54,591

​

$

107,829

​

$

106,077

Dominican Republic

​

​

23,540

​

​

19,812

​

​

45,899

​

​

43,076

Africa

​

​

18,763

​

​

14,540

​

​

36,301

​

​

25,375

Chile

​

​

7,823

​

​

11,721

​

​

20,757

​

​

27,395

Rest of world

​

​

5,041

​

​

4,215

​

​

10,219

​

​

8,207

Total stream interests

​

$

106,015

​

$

104,879

​

$

221,005

​

$

210,130

​

​

​

​

​

​

​

​

​

​

​

​

​

Royalty interests:

​

​

​

​

​

​

​

​

​

​

​

​

United States

​

$

23,265

​

$

16,845

​

$

56,845

​

$

41,202

Mexico

​

​

8,155

​

​

11,940

​

​

17,449

​

​

27,821

Australia

​

​

5,081

​

​

4,040

​

​

9,180

​

​

8,086

Canada

​

​

(97)

​

​

5,773

​

​

6,495

​

​

16,551

Africa

​

​

—

​

​

114

​

​

—

​

​

430

Rest of world

​

​

1,623

​

​

2,850

​

​

3,460

​

​

4,576

Total royalty interests

​

$

38,027

​

$

41,562

​

$

93,429

​

$

98,666

Total revenue

​

$

144,042

​

$

146,441

​

$

314,434

​

$

308,796