ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of aggregate purchase consideration for the acquired assets, net of the assumed liabilities


Fair value of common shares issued	$	10,268,584
Fair value of replacement share based compensation issued		14,522
	$	10,283,106

Schedule of allocation of the purchase price to assets acquired and liabilities assumed


	Preliminary⁽ⁱ⁾		Adjustments		Final
Cash and cash equivalents	$	838,732	$	—	$	838,732
Inventories		384,678		(35,402)		349,276
Other current assets		100,094		—		100,094
Property, plant and mine development		10,086,336		341,935		10,428,271
Goodwill		1,804,459		(168,128)		1,636,331
Other assets		143,415		(1,628)		141,787
Accounts payable and accrued and other liabilities		(235,778)		—		(235,778)
Reclamation provision		(175,839)		(52,289)		(228,128)
Deferred income and mining tax liabilities		(2,639,353)		(84,488)		(2,723,841)
Other liabilities		(23,638)		—		(23,638)
Total assets acquired, net of liabilities assumed	$	10,283,106	$	—	$	10,283,106

Notes:

(i) Estimates of the fair value of assets acquired and liabilities assumed are presented as reported in the Company's condensed interim consolidated financial statements as at March 31, 2022.

TMAC Resources Inc.

ACQUISITION

Schedule of allocation of the purchase price to assets acquired and liabilities assumed


Purchase of TMAC common shares for C$2.20 per share		$	225,580


	Preliminary⁽ⁱ⁾		Adjustments		Final
Cash and cash equivalents	$	39,682	$	—	$	39,682
Restricted cash		21,796		—		21,796
Inventories		84,576		—		84,576
Other current assets		2,028		—		2,028
Property, plant and mine development		206,507		(23,397)		183,110
Deferred income tax asset		109,700		23,397		133,097
Accounts payable and accrued and other liabilities⁽ⁱⁱ⁾		(84,805)		—		(84,805)
Advance due to Agnico Eagle		(105,000)		—		(105,000)
Reclamation provision		(48,904)		—		(48,904)
Total assets acquired, net of liabilities assumed	$	225,580	$	—	$	225,580

Notes:

(i)

Preliminary estimates of the fair value of assets acquired and liabilities assumed are presented as reported in the Company’s condensed interim consolidated financial statements as at March 31, 2021.

(ii)

Included $50.0 million payable to repurchase the Hope Bay 1.5% net smelter return royalty.