SEGMENT INFORMATION (Tables)
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12 Months Ended |
Jun. 30, 2021 |
SEGMENT INFORMATION |
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Schedule of geographical distribution of long-lived assets |
| | | | | | | | | | | | | | | | | | | | | As of June 30, 2021 | | As of June 30, 2020 | | | | | | | | | Total stream | | | | | | | | Total stream | | | Stream | | Royalty | | and royalty | | Stream | | Royalty | | and royalty | | | interest | | interest | | interests, net | | interest | | interest | | interests, net | Canada | | $ | 624,212 | | $ | 252,547 | | $ | 876,759 | | $ | 702,732 | | $ | 189,855 | | $ | 892,587 | Dominican Republic | | | 366,698 | | | — | | | 366,698 | | | 406,469 | | | — | | | 406,469 | Chile | | | 256,604 | | | 224,116 | | | 480,720 | | | 277,661 | | | 223,922 | | | 501,583 | Africa | | | 291,112 | | | 321 | | | 291,433 | | | 215,463 | | | 321 | | | 215,784 | Mexico | | | — | | | 66,867 | | | 66,867 | | | — | | | 75,951 | | | 75,951 | United States | | | — | | | 112,817 | | | 112,817 | | | — | | | 159,445 | | | 159,445 | Australia | | | — | | | 28,117 | | | 28,117 | | | — | | | 30,006 | | | 30,006 | Rest of world | | | 12,038 | | | 26,709 | | | 38,747 | | | 12,038 | | | 25,050 | | | 37,088 | Total | | $ | 1,550,664 | | $ | 711,494 | | $ | 2,262,158 | | $ | 1,614,363 | | $ | 704,550 | | $ | 2,318,913 |
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Schedule of reportable segments for assessing performance |
Our reportable segments for purposes of assessing performance are shown below (amounts in thousands): | | | | | | | | | | | | | | | | | | Fiscal Year Ended June 30, 2021 | | | Revenue | | Cost of sales | | Production taxes | | Depletion | | Segment gross profit | Stream interests | | $ | 423,989 | | $ | 92,898 | | $ | — | | $ | 150,594 | | $ | 180,497 | Royalty interests | | | 191,867 | | | — | | | 6,743 | | | 32,619 | | | 152,505 | Total | | $ | 615,856 | | $ | 92,898 | | $ | 6,743 | | $ | 183,213 | | $ | 333,002 | | | | | | | | | | | | | | | | | | | Fiscal Year Ended June 30, 2020 | | | Revenue | | Cost of sales | | Production taxes | | Depletion | | Segment gross profit | Stream interests | | $ | 359,868 | | $ | 83,890 | | $ | — | | $ | 144,678 | | $ | 131,300 | Royalty interests | | | 138,951 | | | — | | | 3,824 | | | 30,369 | | | 104,758 | Total | | $ | 498,819 | | $ | 83,890 | | $ | 3,824 | | $ | 175,047 | | $ | 236,058 | | | | | | | | | | | | | | | | | | | Fiscal Year Ended June 30, 2019 | | | Revenue | | Cost of sales | | Production taxes | | Depletion | | Segment gross profit | Stream interests | | $ | 305,824 | | $ | 77,535 | | $ | — | | $ | 127,770 | | $ | 100,519 | Royalty interests | | | 117,232 | | | — | | | 4,112 | | | 35,086 | | | 78,034 | Total | | $ | 423,056 | | $ | 77,535 | | $ | 4,112 | | $ | 162,856 | | $ | 178,553 |
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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): | | | | | | | | | | | | Fiscal Year Ended June 30 | | | | 2021 | | | 2020 | | | 2019 | Total segment gross profit | | $ | 333,002 | | $ | 236,058 | | $ | 178,553 | | | | | | | | | | | Costs and expenses | | | | | | | | | | General and administrative expenses | | | 28,387 | | | 30,195 | | | 30,488 | Exploration costs | | | 563 | | | 5,190 | | | 7,158 | Depreciation | | | 356 | | | 387 | | | 200 | Impairment of royalty interests | | | — | | | 1,341 | | | — | Total costs and expenses | | | 29,306 | | | 37,113 | | | 37,846 | Gain on sale of Peak Gold JV interest | | | 33,906 | | | — | | | — | Operating income | | | 337,602 | | | 198,945 | | | 140,707 | Fair value changes in equity securities | | | 6,017 | | | 1,418 | | | (6,800) | Interest and other income | | | 2,443 | | | 2,046 | | | 2,320 | Interest and other expense | | | (6,419) | | | (9,813) | | | (29,650) | Income before income taxes | | $ | 339,643 | | $ | 192,596 | | $ | 106,577 |
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Schedule of revenue by reportable segment geographically distributed |
Our revenue by reportable segment for the fiscal year’s ended June 30, 2021, 2020, and 2019 is geographically distributed as shown in the following table (amounts in thousands): | | | | | | | | | | | | Fiscal Year Ended June 30, | | | 2021 | | 2020 | | 2019 | Stream interests: | | | | | | | | | | Canada | | $ | 190,537 | | $ | 158,736 | | $ | 123,152 | Dominican Republic | | | 115,583 | | | 96,978 | | | 82,844 | Chile | | | 82,164 | | | 74,219 | | | 69,264 | Africa | | | 35,705 | | | 29,935 | | | 30,564 | Total stream interests | | $ | 423,989 | | $ | 359,868 | | $ | 305,824 | | | | | | | | | | | Royalty interests: | | | | | | | | | | United States | | $ | 68,611 | | $ | 48,692 | | $ | 34,845 | Canada | | | 31,671 | | | 30,524 | | | 32,602 | Mexico | | | 58,212 | | | 32,731 | | | 27,224 | Australia | | | 21,466 | | | 15,252 | | | 12,806 | Africa | | | 2,801 | | | 2,575 | | | 1,416 | Chile | | | — | | | — | | | — | Rest of world | | | 9,106 | | | 9,177 | | | 8,339 | Total royalty interests | | $ | 191,867 | | $ | 138,951 | | $ | 117,232 | Total revenue | | $ | 615,856 | | $ | 498,819 | | $ | 423,056 |
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