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Segment disclosure
12 Months Ended
Dec. 31, 2022
Disclosure of operating segments [abstract]  
Segment disclosure [Text Block]

28. Segment disclosure

Prior to the deconsolidation of Osisko Development on September 30, 2022 (Note 31), the President and CEO organized and managed the business under two operating segments: (i) acquiring and managing precious metals and other royalties, streams and other interests, and (ii) the exploration, evaluation and development of mining projects. Following the deconsolidation of Osisko Development, and the deemed disposal of the exploration, evaluation and development of mining projects segment, the President and CEO organizes and manages the business under a single operating segment, consisting of acquiring and managing precious metals and other royalties, streams and other interests. All of the Company's assets, liabilities, revenues, expenses and cash flows from continuing operations are attributable to this single operating segment. The following tables present segmented information for this single segment.

Geographic revenues

Geographic revenues from the sale of metals and diamonds received or acquired from in-kind royalties, streams and other interests are determined by the location of the mining operations giving rise to the royalty, stream or other interest. For the year ended December 31, 2022 and 2021, royalty, stream and other interest revenues were earned from the following jurisdictions:

    North
America
(i)
    South
America
     
Australia
     
Africa
     
Europe
     
Total
 
    $     $     $     $     $     $  
                                     
2022                                    
                                     
Royalties   140,488     1,257     69     2,252     -     144,066  
Streams   39,701     23,948     892     -     9,202     73,743  
                                     
    180,189     25,205     961     2,252     9,202     217,809  
                                     
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  

(i) 91% of North America's revenues are generated from Canada in 2022 (83% in 2021).

In 2022, three royalty/stream interests generated revenues of $132.3 million ($122.4 million in 2021), which represented 61% of revenues (61% of revenues in 2021, excluding revenues generated from the offtake interests), including one royalty interest that generated revenues of $78.8 million ($81.3 million in 2021).

In 2022, revenues generated from precious metals and diamonds represented 85% and 14% of revenues, respectively. In 2021, revenues generated from precious metals and diamonds represented 89% and 9% of revenues, respectively (87% and 11% excluding offtakes, respectively).

Geographic net assets

The following table summarizes the royalty, stream and other interests by jurisdiction, as at December 31, 2022 and December 31, 2021, which is based on the location of the properties related to the royalty, stream or other interests:

    North
America
(i)
    South
America
     
Australia
     
Africa
     
Asia
     
Europe
     
Total
 
    $     $     $     $     $     $     $  
                                           
December 31, 2022                                
                                           
Royalties   664,985     157,552     17,345     24,228     -     14,965     879,075  
Streams   225,517     177,853     -     -     30,203     51,017     484,590  
Offtakes   -     -     9,572     -     5,016     -     14,588  
                                           
    890,502     335,405     26,917     24,228     35,219     65,982     1,378,253  
                                           
                                     
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  

(i) 81% of North America's net interests are located in Canada as at December 31, 2022 (82% as at December 31, 2021).