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PROPERTY, PLANT AND MINE DEVELOPMENT
12 Months Ended
Dec. 31, 2017
PROPERTY, PLANT AND MINE DEVELOPMENT  
PROPERTY, PLANT AND MINE DEVELOPMENT

 

10. PROPERTY, PLANT AND MINE DEVELOPMENT

                                                                                                                                                                                    

 

 

 

Mining
Properties

 

 

Plant and
Equipment

 

 

Mine
Development
Costs

 

 

Total

 

 

 

 


As at December 31, 2015

 

$

1,665,610

 

$

2,064,406

 

$

1,358,951

 

$

5,088,967

 

 


Additions

 

 

53,072

 

 

244,018

 

 

279,119

 

 

576,209

 

 


Gain on impairment reversal

 

 

83,992

 

 

36,169

 

 

 

 

120,161

 

 


Disposals

 

 

(1,890

)

 

(17,658

)

 

 

 

(19,548

)

 


Amortization

 

 

(207,383

)

 

(342,208

)

 

(110,162

)

 

(659,753

)

 


Transfers between categories

 

 

12,135

 

 

39,556

 

 

(51,691

)

 

 

 


As at December 31, 2016

 

 

1,605,536

 

 

2,024,283

 

 

1,476,217

 

 

5,106,036

 

 


Additions

 

 

174,374

 

 

221,924

 

 

648,242

 

 

1,044,540

 

 


Disposals

 

 

(6,750

)

 

(9,354

)

 

 

 

(16,104

)

 


Amortization

 

 

(127,579

)

 

(276,493

)

 

(103,848

)

 

(507,920

)

 


Transfers between categories

 

 

19,946

 

 

30,761

 

 

(50,707

)

 

 

 


As at December 31, 2017

 

$

1,665,527

 

$

1,991,121

 

$

1,969,904

 

$

5,626,552

 

 


As at December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Cost

 

$

2,593,659

 

$

4,233,945

 

$

2,050,980

 

$

8,878,584

 

 


Accumulated amortization and net impairments

 

 

(988,123

)

 

(2,209,662

)

 

(574,763

)

 

(3,772,548

)

 


Carrying value – December 31, 2016

 

$

1,605,536

 

$

2,024,283

 

$

1,476,217

 

$

5,106,036

 

 


As at December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Cost

 

$

2,782,732

 

$

4,602,106

 

$

2,648,514

 

$

10,033,352

 

 


Accumulated amortization and net impairments

 

 

(1,117,205

)

 

(2,610,985

)

 

(678,610

)

 

(4,406,800

)

 


Carrying value – December 31, 2017

 

$

1,665,527

 

$

1,991,121

 

$

1,969,904

 

$

5,626,552

 

 


As at December 31, 2017, assets under construction, and therefore not yet being depreciated, included in the carrying value of property, plant and mine development amounted to $910.6 million (2016 – $532.3 million).

During the year ended December 31, 2017, the Company disposed of property, plant and mine development with a carrying value of $16.1 million (2016 – $19.5 million). The loss on disposal was recorded in the other (income) expenses line item in the consolidated statements of income and comprehensive income.

Geographic Information:

                                                                                                                                                                                    

 

 

 

As at
December 31,
2017

 

 

As at
December 31,
2016

 

 

 


Northern Business:

 

 

 

 

 

 

 

Canada

 

$

3,730,809

 

$

3,266,594

 


Finland

 

 

889,610

 

 

853,445

 


Sweden

 

 

13,812

 

 

13,812

 



Southern Business:


 


 


 


 


 


 


 

Mexico

 

 

982,115

 

 

961,943

 


United States

 

 

10,206

 

 

10,242

 


Total property, plant and mine development

 

$

5,626,552

 

$

5,106,036