IMPAIRMENT REVERSALS (Tables)

12 Months Ended

Dec. 31, 2019



For the years ended December 31	2019			2018
Impairment charges (reversals) of long-lived assets¹		($1,423	)		$722
Impairment of intangibles¹	—			24
Impairment of goodwill¹	—			154
Total		($1,423	)		$900


¹	Refer to note 21 for further details.

The carrying value of the CGUs that are most sensitive to changes in the key assumptions used in the FVLCD calculation are:



As at December 31, 2019	Carrying Value
Loulo-Gounkoto		$4,198
Lumwana	1,307
Veladero	692
Bulyanhulu	579
Pascua-Lama¹	153

¹ The carrying value of Pascua-Lama is presented net of the Wheaton streaming liability of $253 million (refer to note 29).

For the year ended December 31, 2019, we recorded net impairment reversals of $1,423 million (2018: impairment losses of $746 million) for non-current assets and impairment charges of $nil (2018: $154 million) for goodwill, as summarized in the following table:



For the years ended December 31	2019			2018
Lumwana		($947	)		$—
Pueblo Viejo	(865		)	—
Pascua-Lama	296			(7		)
Cortez	57			9
Lagunas Norte	12			405
Golden Sunlight	9			—
Veladero	3			246
Carlin	2			5
Equity method investments	—			30
Acacia exploration sites	—			24
Other	10			34
Total impairment (reversals) losses of long-lived assets		($1,423	)		$746
Veladero goodwill	—			154
Total goodwill impairment losses		$—			$154
Total impairment (reversals) losses		($1,423	)		$900

The other key assumptions used in our impairment testing, based on the CGUs tested in each year, are summarized in the table below:



	2019			2018
Copper price per lb (long-term)		$3.00			$2.85
WACC - gold (range)	3%-7%			4%-11%
WACC - gold (avg)	4		%	7		%
WACC - copper	n/a			10		%
NAV multiple - gold (avg)	1.2			1.05
LOM years - gold (avg)	19			15
Value per ounce of gold	$20 - $30			n/a
Value per ounce of silver	$0.28 - $0.42			n/a