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SEGMENTED INFORMATION | 12 Months Ended
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Dec. 31, 2022
SEGMENTED INFORMATION |
SEGMENTED INFORMATION | 23.SEGMENTED INFORMATION The Company identifies its operating segments as those operations whose operating results are reviewed by the Chief Operating Decision Maker (“CODM”), the Chief Executive Officer, for the purpose of allocating resources and assessing performance. Each of the Company’s operating mines and significant projects are considered to be separate operating segments. Reportable operating segments represent more than 10.0% of the combined revenue from mining operations, income or loss or total assets of all operating segments. Certain operating segments that do not meet the quantitative thresholds are still disclosed where the Company believes that the information is useful. The CODM also reviews segment income (defined as revenues from mining operations less production costs, exploration and corporate development expenses and impairment losses and reversals) on a mine-by-mine basis. Revenues from mining operations and production costs for the reportable segments are reported net of intercompany transactions. Corporate and other assets and specific income and expense items are not allocated to reportable segments. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2022
​ | ​ | Revenues from | ​ | ​ | ​ | ​ | Exploration and |  | ​ | ​ | ​ | ​ | Segment
​ | ​ | Mining | ​ | Production | ​ | Corporate | ​ | Impairment | ​ | ​ | Income
​ |  | Operations |  | Costs |  | Development |  | Loss |  | ​ | (Loss)
LaRonde mine | ​ | $ | 553,931 | ​ | $ | (213,393) | ​ | $ | — | ​ | $ | — | ​ | $ | 340,538
LaRonde Zone 5 mine | ​ |  | 129,569 | ​ |  | (72,096) | ​ |  | — | ​ |  | — | ​ |  | 57,473
Canadian Malartic Complex | ​ |  | 575,938 | ​ |  | (235,735) | ​ |  | (9,749) | ​ |  | — | ​ |  | 330,454
Goldex mine | ​ |  | 250,512 | ​ |  | (103,830) | ​ |  | — | ​ |  | — | ​ |  | 146,682
Meliadine mine | ​ |  | 677,713 | ​ |  | (318,141) | ​ |  | — | ​ |  | — | ​ |  | 359,572
Meadowbank Complex | ​ |  | 645,021 | ​ |  | (442,681) | ​ |  | — | ​ |  | — | ​ |  | 202,340
Kittila mine | ​ | ​ | 407,669 | ​ | ​ | (210,661) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 197,008
Detour Lake mine | ​ |  | 1,188,741 | ​ |  | (489,703) | ​ |  | — | ​ |  | — | ​ |  | 699,038
Macassa mine | ​ |  | 327,028 | ​ |  | (129,774) | ​ |  | — | ​ |  | — | ​ |  | 197,254
Fosterville mine | ​ |  | 645,371 | ​ |  | (204,649) | ​ |  | — | ​ |  | — | ​ |  | 440,722
Pinos Altos mine | ​ | ​ | 199,830 | ​ | ​ | (144,489) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 55,341
Creston Mascota mine | ​ |  | 4,476 | ​ |  | (1,943) | ​ |  | — | ​ |  | — | ​ |  | 2,533
La India mine | ​ |  | 135,219 | ​ |  | (76,226) | ​ |  | — | ​ |  | (55,000) | ​ |  | 3,993
Exploration(i) | ​ |  | 144 | ​ |  | — | ​ |  | (261,368) | ​ |  | — | ​ |  | (261,224)
Segment totals | ​ | $ | 5,741,162 | ​ | $ | (2,643,321) | ​ | $ | (271,117) | ​ | $ | (55,000) | ​ | $ | 2,771,724
Total segments income | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | — | ​ | $ | 2,771,724
Corporate and other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | — | ​ |  | — | ​ |  | ​
Amortization of property, plant and mine development | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,094,691)
General and administrative | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | — | ​ | ​ |  | ​ | ​ | (220,861)
Finance costs | ​ |  |  | ​ |  |  | ​ |  | — | ​ |  |  | ​ |  | (82,935)
Loss on derivative financial instruments | ​ |  | ​ | ​ |  |  | ​ |  | — | ​ |  |  | ​ |  | (90,692)
Foreign currency translation gain | ​ |  | ​ | ​ |  |  | ​ |  | — | ​ |  |  | ​ |  | 16,081
Care and maintenance | ​ |  | ​ | ​ |  |  | ​ |  | — | ​ |  |  | ​ |  | (41,895)
Other expenses | ​ |  | ​ | ​ |  |  | ​ |  | — | ​ |  |  | ​ |  | (141,308)
Income before income and mining taxes | ​ |  | ​ | ​ |  |  | ​ |  | — | ​ |  |  | ​ | $ | 1,115,423
Note: (i)Exploration includes the Hope Bay project.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31, 2021
​ | ​ | Restated (Note 3U)
​ | ​ | Revenues from | ​ | ​ | ​ | ​ | Exploration and | ​ | Segment
​ | ​ | Mining | ​ | Production | ​ | Corporate | ​ | Income
​ |  | Operations |  | Costs |  | Development |  | (Loss)
LaRonde mine | ​ | $ | 654,577 | ​ | $ | (232,392) | ​ | $ | — | ​ | $ | 422,185
LaRonde Zone 5 mine | ​ | ​ | 121,236 | ​ | ​ | (56,380) | ​ | ​ | — | ​ | ​ | 64,856
Canadian Malartic Complex | ​ | ​ | 645,607 | ​ | ​ | (242,589) | ​ | ​ | (5,367) | ​ | ​ | 397,651
Goldex mine | ​ | ​ | 241,404 | ​ | ​ | (96,181) | ​ | ​ | — | ​ | ​ | 145,223
Meliadine mine | ​ | ​ | 678,766 | ​ | ​ | (250,822) | ​ | ​ | — | ​ | ​ | 427,944
Meadowbank Complex | ​ | ​ | 592,835 | ​ | ​ | (408,863) | ​ | ​ | — | ​ | ​ | 183,972
Hope Bay project | ​ | ​ | 115,439 | ​ | ​ | (83,118) | ​ | ​ | — | ​ | ​ | 32,321
Kittila mine | ​ | ​ | 414,656 | ​ | ​ | (192,742) | ​ | ​ | — | ​ | ​ | 221,914
Pinos Altos mine | ​ | ​ | 259,446 | ​ | ​ | (141,488) | ​ | ​ | — | ​ | ​ | 117,958
Creston Mascota mine | ​ | ​ | 27,784 | ​ | ​ | (8,165) | ​ | ​ | — | ​ | ​ | 19,619
La India mine | ​ | ​ | 117,875 | ​ | ​ | (60,381) | ​ | ​ | — | ​ | ​ | 57,494
Exploration | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (147,147) | ​ | ​ | (147,147)
Segment totals | ​ | $ | 3,869,625 | ​ | $ | (1,773,121) | ​ | $ | (152,514) | ​ | $ | 1,943,990
Total segments income | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ | $ | 1,943,990
Corporate and other: | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​ | ​
Amortization of property, plant and mine development | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ | ​ | (738,129)
General and administrative | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ | ​ | (142,003)
Finance costs | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ | ​ | (92,042)
Loss on derivative financial instruments | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ | ​ | (11,103)
Foreign currency translation loss | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ | ​ | (5,672)
Other expenses | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ | ​ | (22,318)
Income before income and mining taxes | ​ | ​ | ​ | ​ |  |  | ​ |  |  | ​ | $ | 932,723
​ The following table sets out revenues from mining operations by geographic area(i): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021
​ | ​ | ​ | ​ | ​ | Restated (Note 3U)
Canada | ​ | $ | 4,348,597 | ​ | $ | 3,049,864
Australia | ​ | ​ | 645,371 | ​ | ​ | —
Mexico | ​ | ​ | 339,525 | ​ | ​ | 405,105
Finland | ​ | ​ | 407,669 | ​ | ​ | 414,656
Total revenues from mining operations | ​ | $ | 5,741,162 | ​ | $ | 3,869,625
Note:
| (i) | Presented based on the location of the mine from which the product originated.
The following table sets out total assets by segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total Assets as at
​ | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | ​ | ​ | ​ | Restated (Note 3U)
LaRonde mine | ​ | $ | 987,821 | ​ | $ | 946,218
LaRonde Zone 5 mine | ​ | ​ | 115,404 | ​ | ​ | 93,699
Canadian Malartic Complex | ​ | ​ | 1,582,406 | ​ | ​ | 1,508,675
Goldex mine | ​ | ​ | 339,390 | ​ | ​ | 315,266
Meliadine mine | ​ | ​ | 2,323,873 | ​ | ​ | 2,299,564
Meadowbank Complex | ​ | ​ | 1,387,335 | ​ | ​ | 1,195,060
Kittila mine | ​ | ​ | 1,647,353 | ​ | ​ | 1,600,278
Detour Lake mine | ​ | ​ | 9,120,416 | ​ | ​ | —
Macassa mine | ​ | ​ | 2,266,891 | ​ | ​ | —
Fosterville mine | ​ | ​ | 1,224,645 | ​ | ​ | —
Pinos Altos mine | ​ |  | 463,823 | ​ |  | 466,334
Creston Mascota mine | ​ |  | 4,864 | ​ |  | 5,068
La India mine | ​ |  | 150,967 | ​ |  | 233,376
Exploration | ​ |  | 821,718 | ​ |  | 959,005
Corporate and other | ​ |  | 1,057,902 | ​ |  | 593,547
Total assets | ​ | $ | 23,494,808 | ​ | $ | 10,216,090
​ The following table sets out non-current assets by geographic area: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31, | ​ | As at December 31,
​ |  | 2022 |  | 2021
​ | ​ | ​ | ​ | ​ | Restated (Note 3U)
Canada |  | $ | 18,068,878 | ​ | $ | 6,749,909
Australia | ​ | ​ | 1,148,932 | ​ | ​ | —
Mexico | ​ | ​ | 600,954 | ​ | ​ | 671,691
Finland | ​ | ​ | 1,469,917 | ​ | ​ | 1,458,838
Sweden | ​ | ​ | 14,970 | ​ | ​ | 16,128
United States | ​ | ​ | 11,098 | ​ | ​ | 17,136
Total non-current assets | ​ | $ | 21,314,749 | ​ | $ | 8,913,702
​ The following table sets out the carrying amount of goodwill by segment for the years ended December 31, 2022 and December 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Canadian | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Malartic | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Detour |  | Macassa |  | Complex |  | Exploration |  | Total
Cost: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Balance at December 31, 2021 | ​ | $ | — | ​ | $ | — | ​ | $ | 597,792 | ​ | $ | 60,000 | ​ | $ | 657,792
Acquisition (Note 5) | ​ |  | 1,215,444 | ​ |  | 420,887 | ​ |  | — | ​ |  | — | ​ |  | 1,636,331
Balance at December 31, 2022 | ​ | $ | 1,215,444 | ​ | $ | 420,887 | ​ | $ | 597,792 | ​ | $ | 60,000 | ​ | $ | 2,294,123
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated impairment: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Balance at December 31, 2021 | ​ |  | — | ​ |  | — | ​ |  | (250,000) | ​ |  | — | ​ |  | (250,000)
Balance at December 31, 2022 | ​ | $ | — | ​ | $ | — | ​ | $ | (250,000) | ​ | $ | — | ​ | $ | (250,000)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Carrying amount at December 31, 2021 | ​ | $ | — | ​ | $ | — | ​ | $ | 347,792 | ​ | $ | 60,000 | ​ | $ | 407,792
Carrying amount at December 31, 2022 | ​ | $ | 1,215,444 | ​ | $ | 420,887 | ​ | $ | 347,792 | ​ | $ | 60,000 | ​ | $ | 2,044,123
​ The following table sets out capital expenditures by segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ | ​ | 2022 | ​ | 2021
​ |  | ​ |  |  | Restated (Note 3U)
LaRonde mine | ​ | $ | 152,584 | ​ | $ | 138,784
LaRonde Zone 5 mine | ​ | ​ | 22,893 | ​ | ​ | 16,953
Canadian Malartic Complex | ​ | ​ | 195,413 | ​ | ​ | 130,544
Goldex mine | ​ | ​ | 61,401 | ​ | ​ | 48,696
Meliadine mine | ​ | ​ | 155,100 | ​ | ​ | 150,229
Meadowbank Complex | ​ | ​ | 141,451 | ​ | ​ | 152,163
Kittila mine | ​ | ​ | 106,369 | ​ | ​ | 123,152
Detour Lake mine | ​ | ​ | 394,132 | ​ | ​ | —
Macassa mine | ​ | ​ | 122,473 | ​ | ​ | —
Fosterville mine | ​ | ​ | 94,712 | ​ | ​ | —
Pinos Altos mine | ​ | ​ | 53,270 | ​ | ​ | 49,422
La India mine | ​ | ​ | 16,391 | ​ | ​ | 20,601
Exploration(i) | ​ | ​ | 14,332 | ​ | ​ | 50,958
Corporate and other | ​ | ​ | 7,716 | ​ | ​ | 15,496
Total capital expenditures | ​ | $ | 1,538,237 | ​ | $ | 896,998
| (i) | Exploration includes the Hope Bay project.

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