XML 92 R61.htm IDEA: XBRL DOCUMENT
v3.24.1

Deconsolidation of Osisko Development and discontinued operations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Disclosure Of Deconsolidation And Discontinued Operations [Abstract] |
Disclosure of summarized balance sheet before inter company adjustments [Table Text Block] |
|  | As at September 30, 2022 |
|  | $ |
Current assets |  | 168,092 |
Current liabilities |  | (51,330 | )
Current net assets |  | 116,762 |
Non-current assets |  | 902,768 |
Non-current liabilities |  | (105,757 | )
Non-current net assets |  | 797,011 |
Total net assets |  | 913,773 |
Accumulated other comprehensive income |  | (515 | )
Non-controlling interest |  | (443,295 | )
Disclosure of results of operations presented as discontinued operations on the consolidated statements of loss [Table Text Block] |
|  |  | 2022 |
|  |  | $ |
Results from discontinued operations: |  |  |
Net loss on deconsolidation |  | (140,910 | )
Results of discontinued operations: |  |  |
Revenues |  | 44,820 |
Impairment of mining assets |  | (81,000 | )
Other expenses, net |  | (89,895 | )
| Net loss before income taxes |  | (126,075 | )
Deferred income tax (expense) recovery (see below) |  | (1,490 | )
Net loss |  | (127,565 | )
Net loss from discontinued operations |  | (268,475 | )
Net loss per share from discontinued operations |  |  |
Basic and diluted |  | (1.50 | )
Disclosure of preliminary purchase price allocation for Acquisition of Tintic by Osisko Development [Table Text Block] |
Consideration paid |  | $ |
Issuance of 12,049,449 common shares of Osisko Development (i) |  | 109,656 |
Cash |  | 63,881 |
Convertible instruments (ii) |  | 10,827 |
Fair value of deferred consideration of US$12.5 million ($15.9 million) |  | 13,414 |
Fair value of other contingent payments, rights and obligations |  | 1,695 |
|  | 199,473 |
Net assets acquired |  | $ |
Current assets |  | 2,705 |
Mining assets and plant and equipment |  | 182,229 |
Exploration and evaluation |  | 38,508 |
Other non-current assets |  | 1,735 |
Current liabilities |  | (1,322 | )
Non-current liabilities |  | (4,925 | )
Deferred income tax liability |  | (19,457 | )
|  | 199,473 |
(i) Prior to the share consolidation. (ii) Represent the convertible instruments amounting to US$8.5 million ($10.8 million) issued to the sellers prior to the closing of the Tintic Transaction, which were part of the acquisition price.
Disclosure of estimated useful life of property and equipment in discontinued operations [Table Text Block] | Exploration equipment and facilities 2-20 years Mining plant and equipment (development) 3-20 years
Disclosure of detailed information about mining interests and plant and equipment [Table Text Block] |
|  |  | Year ended December 31, 2022 |
|  |  | Mining interests |  |  | Mining plant and equipment |  |  | Total |
|  |  | $ |  |  | $ |  |  | $ |
Net book value - January 1 |  | 543,953 |  |  | 83,712 |  |  | 627,665 |
| Acquisition of Tintic |  | 169,175 |  |  | 13,054 |  |  | 182,229 |
| Additions |  | 36,754 |  |  | 14,214 |  |  | 50,968 |
| Impairments |  | (81,000 | ) |  | - |  |  | (81,000 | )
| Mining exploration tax credits |  | (6,275 | ) |  | - |  |  | (6,275 | )
| Change in environmental rehabilitation assets |  | (3,797 | ) |  | - |  |  | (3,797 | )
| Depreciation |  | (2,385 | ) |  | (9,489 | ) |  | (11,874 | )
| Disposals and others |  | (275 | ) |  | (4,632 | ) |  | (4,907 | )
| Currency translation adjustments |  | 21,183 |  |  | 3,384 |  |  | 24,567 |
| Deconsolidation of Osisko Development |  | (677,333 | ) |  | (100,243 | ) |  | (777,576 | )
Net book value - December 31 |  | - |  |  | - |  |  | - |
Disclosure of detailed information about mining plant and equipment movements by category of assets [Table Text Block] |
|  |  | Year ended December 31, 2022 |
|  |  | Land and buildings |  |  | Machinery and equipment |  |  | Construction- in-progress |  |  | Total Mining plant and equipment |
|  |  | $ |  |  | $ |  |  | $ |  |  | $ |
Net book value - January 1 |  | 16,473 |  |  | 42,990 |  |  | 24,249 |  |  | 83,712 |
| Acquisition of Tintic |  | 6,940 |  |  | 4,420 |  |  | 1,694 |  |  | 13,054 |
| Additions |  | 1,418 |  |  | 9,574 |  |  | 3,222 |  |  | 14,214 |
| Depreciation |  | (1,399 | ) |  | (8,090 | ) |  | - |  |  | (9,489 | )
| Transfers |  | (133 | ) |  | 5,526 |  |  | (5,393 | ) |  | - |
| Disposals and others |  | (964 | ) |  | (3,668 | ) |  | - |  |  | (4,632 | )
| Currency translation adjustments |  | 550 |  |  | 2,060 |  |  | 774 |  |  | 3,384 |
| Deconsolidation of Osisko Development |  | (22,885 | ) |  | (52,812 | ) |  | (24,546 | ) |  | (100,243 | )
Net book value - December 31 |  | - |  |  | - |  |  | - |  |  | - |
Disclosure of detailed information about exploration and evaluation assets [Table Text Block] |
|  |  | Year ended December 31, 2022 |
|  |  | $ |
Net book value - January 1 |  | 3,635 |
| Acquisition of Tintic |  | 38,508 |
| Additions |  | 4,519 |
| Other adjustments |  | (417 | )
| Currency translation adjustments |  | 3,138 |
| Deconsolidation of Osisko Development |  | (49,383 | )
Net book value - December 31 |  | - |
Disclosure of provisions and other liabilities [Table Text Block] |
|  |  |  |  |  |  |  |  |  |  |  | Year ended December 31, 2022 |
|  |  | Environ- mental rehabili- tation (i) |  |  | Lease liabilities |  |  | Deferred premium on flow-through shares |  |  | Derivative financial instru- ments (ii) |  |  | Deferred consideration and contingent payments (iii) |  |  | Total |
|  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |
Balance - January 1 |  | 53,237 |  |  | 9,866 |  |  | 914 |  |  | - |  |  | - |  |  | 64,017 |
| Acquisition of Tintic by Osisko Development |  | 5,370 |  |  | 325 |  |  | - |  |  | - |  |  | 15,109 |  |  | 20,804 |
| New liabilities |  | 261 |  |  | 108 |  |  | - |  |  | 39,841 |  |  | - |  |  | 40,210 |
| Revision of estimates |  | (4,299 | ) |  | (2,463 | ) |  | - |  |  | - |  |  | - |  |  | (6,762 | )
| Change in fair value |  | - |  |  | - |  |  | - |  |  | (21,483 | ) |  | - |  |  | (21,483 | )
| Accretion |  | 2,185 |  |  | - |  |  | - |  |  | - |  |  | 333 |  |  | 2,518 |
| Settlements/payments of liabilities |  | (2,549 | ) |  | (6,306 | ) |  | - |  |  | - |  |  | - |  |  | (8,855 | )
| Recognition of deferred premium on flow-through shares |  | - |  |  | - |  |  | (914 | ) |  | - |  |  | - |  |  | (914 | )
| Currency translation Adjustments |  | 1,193 |  |  | 12 |  |  | - |  |  | 1,333 |  |  | 1,149 |  |  | 3,687 |
| Deconsolidation of Osisko Development |  | (55,398 | ) |  | (1,542 | ) |  | - |  |  | (19,691 | ) |  | (16,591 | ) |  | (93,222 | )
Balance - December 31 |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
(i) The environmental rehabilitation provision represented the legal and contractual obligations associated with the eventual closure of Osisko Development's mining interests, plant and equipment and exploration and evaluation assets (mostly for the Cariboo property, Bonanza Ledge Phase 2 and San Antonio projects). (ii) Represented the warrants accounted for as derivative liabilities issued by Osisko Development and exercisable in U.S. dollars . (iii) Represented the deferred consideration and contingent payments payable by Osisko Development with regards to its acquisition of Tintic.

X
- Definition The disclosure of the analysis of the single amount of discontinued operations. [Refer: Discontinued operations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 5 -IssueDate 2023-01-01 -Paragraph 33 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=5&code=ifrs-tx-2023-en-r&anchor=para_33_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Paragraph 73 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of other provisions. [Refer: Other provisions] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 37 -IssueDate 2023-01-01 -Paragraph 84 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=37&code=ifrs-tx-2023-en-r&anchor=para_84&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfOtherProvisionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of business combination by deconsolidated entity. + References No definition available. + Details
Name: | or_DisclosureOfBusinessCombinationByDeconsolidatedEntityExplanatory
Namespace Prefix: | or_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | or_DisclosureOfDeconsolidationAndDiscontinuedOperationsAbstract
Namespace Prefix: | or_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of detailed information about estimated useful life of property and equipment in discontinued operations. + References No definition available. + Details
Name: | or_DisclosureOfDetailedInformationAboutEstimatedUsefulLifeOfPropertyAndEquipmentInDiscontinuedOperationsExplanatory
Namespace Prefix: | or_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of detailed information about exploration and evaluation assets [Table Text Block] + References No definition available. + Details
Name: | or_DisclosureOfDetailedInformationAboutExplorationAndEvaluationAssetsExplanatory
Namespace Prefix: | or_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about mining plant and equipment movements by category of assets. + References No definition available. + Details
Name: | or_DisclosureOfDetailedInformationAboutMiningPlantAndEquipmentMovementsByCategoryOfAssetsExplanatory
Namespace Prefix: | or_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for summarized balance sheet before inter company adjustments. + References No definition available. + Details
Name: | or_DisclosureOfSummarizedBalanceSheetBeforeIntercompanyAdjustmentsExplanatory
Namespace Prefix: | or_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration