XML 97 R67.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment disclosure (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of operating segments [abstract]  
Disclosure of main assets and liabilities per operating segment [Table Text Block]
        As at December 31, 2021 and 2020  
  Osisko Gold Osisko            
  Royalties (i) Development (ii)            
    (Mining exploration,            
  (Royalties, streams evaluation and   Intersegment        
  and other interests) development)   transactions (iii)     Consolidated  
  $ $   $     $  
Assets and liabilities                
                 
As at December 31, 2021                
Cash 82,291 33,407   -     115,698  
Current assets 91,594 61,422   (90 )   152,926  
Investments in associates and other investments 231,884 62,480   -     294,364  
Royalty, stream and other interests 1,247,489 -   (92,688 )   1,154,801  
Mining interests and plant and equipment 7,991 559,332   68,332     635,655  
Exploration and evaluation assets - 3,635   -     3,635  
Goodwill 111,204 -   -     111,204  
Total assets 1,691,958 703,110   (24,446 )   2,370,622  
Total liabilities (excluding long-term debt) 89,416 115,156   (24,446 )   180,126  
Long-term debt 406,671 3,764   -     410,435  
                 
As at December 31, 2020                
Cash 105,097 197,427   -     302,524  
Current assets 117,592 218,478   (882 )   335,188  
Investments in associates and other investments 166,589 110,144   -     276,733  
Royalty, stream and other interests 1,203,781 -   (87,653 )   1,116,128  
Mining interests and plant and equipment 9,011 407,000   73,501     489,512  
Exploration and evaluation assets - 41,869   650     42,519  
Goodwill 111,204 -   -     111,204  
Total assets 1,609,344 802,144   (14,384 )   2,397,104  
Total liabilities (excluding long-term debt) 67,449 102,578   (14,384 )   155,643  
Long-term debt 400,429 -   -     400,429  
Disclosure of expenses and cash flows per operating segment [Table Text Block]

 

                Years ended December 31, 2021 and 2020  
    Osisko Gold     Osisko              
    Royalties (i)     Development (ii)              
          (Mining exploration,              
    (Royalties, streams     evaluation and     Intersegment        
    and other interests)     development)     transactions (iii)     Consolidated  
    $     $     $     $  
                         
Revenues, expenses and cash flows                        
                         
Year ended December 31, 2021                        
Revenues   224,877     7,275     (7,275 )   224,877  
Gross profit   138,870     -     -     138,870  
Operating expenses (G&A, bus. dev and exploration)   (23,778 )   (22,852 )   -     (46,630 )
Mining operating expenses   -     (12,919 )   -     (12,919 )
Impairments   (4,400 )   (122,250 )   -     (126,650 )
Net earnings (loss)   77,277     (133,952 )   -     (56,675 )
Cash flows from operating activities                        
Before working capital items   158,632     (21,828 )   (5,710 )   131,094  
Working capital items   (5,413 )   (19,586 )   -     (24,999 )
After working capital items   153,219     (41,414 )   (5,710 )   106,095  
Cash flows from investing activities   (120,766 )   (156,982 )   5,710     (272,038 )
Cash flows from financing activities   (54,339 )   34,738     -     (19,601 )
                         
Year ended December 31, 2020                        
Revenues   213,630     -     -     213,630  
Gross profit   104,325     -     -     104,325  
Operating expenses (G&A, bus. dev and exploration)   (28,021 )   (8,301 )   -     (36,322 )
Impairments   (36,298 )   -     -     (36,298 )
Net earnings (loss)   23,501     (7,272 )   -     16,229  
Cash flows from operating activities                        
Before working capital items   116,631     (10,387 )   -     106,244  
Working capital items   (2,669 )   4,403     -     1,734  
After working capital items   113,962     (5,984 )   -     107,978  
Cash flows from investing activities   (161,131 )   (61,968 )   -     (223,099 )
Cash flows from financing activities   109,444     207,417     -     316,861  

(i) Osisko Gold Royalties Ltd and its subsidiaries, excluding Osisko Development Corp. and its subsidiaries.

(ii) Osisko Development Corp. and its subsidiaries (carve-out of the mining activities of Osisko Gold Royalties prior to the reverse take-over transaction completed on November 25, 2020 and creating Osisko Development).

(iii) The adjustments are related to intersegment transactions and to royalties and streams held by Osisko Gold Royalties on assets held by Osisko Development, which are reclassified on consolidation, as well as adjustments related to an accounting policy difference on revenues recognition.

Disclosure of detailed information about geographic revenues segment reporting [Table Text Block]

 

    North     South                          
    America(i)     America     Australia     Africa     Europe     Total  
    $     $     $     $     $     $  
                                     
2021                                    
Royalties   134,544     1,112     6     4,617     -     140,279  
Streams   27,624     20,284     1,548     -     9,877     59,333  
Offtakes   25,265     -     -     -     -     25,265  
    187,433     21,396     1,554     4,617     9,877     224,877  
                                     
2020                                    
Royalties   106,780     554     52     3,919     -     111,305  
Streams   13,999     19,862     2,098     -     9,310     45,269  
Offtakes   57,056     -     -     -     -     57,056  
    177,835     20,416     2,150     3,919     9,310     213,630  

(i)   83% of the North America's revenues are generated from Canada in 2021 (65% in 2020).

Disclosure of detailed information about geographic net assets [Table Text Block]

 

    North     South                                
    America(i)     America     Australia     Africa     Asia     Europe     Total  
    $     $     $     $     $     $     $  
                                           
December 31, 2021                                          
Royalties   595,931     57,673     13,742     20,453     -     15,215     703,014  
Streams   185,031     173,773     -     -     28,272     51,055     438,131  
Offtakes   -     -     8,960     -     4,696     -     13,656  
    780,962     231,446     22,702     20,453     32,968     66,270     1,154,801  
                                           
December 31, 2020                                          
Royalties   576,835     46,374     9,924     8,313     -     15,215     656,661  
Streams   172,879     183,679     1,481     -     28,392     54,510     440,941  
Offtakes   5,690     -     8,119     -     4,717     -     18,526  
    755,404     230,053     19,524     8,313     33,109     69,725     1,116,128  

 

(i) 82% of the North America's net interests are located in Canada as at December 31, 2021 (86% as at December 31, 2020).

Disclosure of detailed information about exploration, evaluation and development of mining projects [Table Text Block]
                December 31, 2021                 December 31, 2020  
    Canada     Mexico     Total     Canada     Mexico     Total  
    $     $     $     $     $     $  
                                     
Assets                                    
Inventories   13,933     4,663     18,596     1,599     25,705     27,304  
Mining interests, plant and equipment   455,849     103,483     559,332     344,903     62,097     407,000  
Exploration and evaluation assets   3,635     -     3,635     40,680     1,189     41,869  
Total assets   627,937     75,173     703,110     704,998     97,146     802,144