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Segment reporting (Tables)
 6 Months Ended
Jun. 30, 2019
Segment reporting  
Schedule of reportable segments for purposes of assessing performance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30, 2019

 

Mining

 

 

Energy

 

 

Total

 

Revenue 

 

$

142.9

 

 

$

27.6

 

 

$

170.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(expenses)

 

 

 

 

 

 

 

 

 

 

 

 

Costs of sales

 

$

25.6

 

 

$

1.8

 

 

$

27.4

 

Depletion and depreciation

 

 

46.7

 

 

 

11.4

 

 

 

58.1

 

Segment gross profit

 

$

70.6

 

 

$

14.4

 

 

$

85.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30, 2018

 

Mining

 

 

Energy

 

 

Total

 

Revenue

 

$

138.6

 

 

$

22.7

 

 

$

161.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(expenses)

 

 

 

 

 

 

 

 

 

 

 

 

Costs of sales

 

$

28.3

 

 

$

1.5

 

 

$

29.8

 

Depletion and depreciation

 

 

49.7

 

 

 

9.1

 

 

 

58.8

 

Segment gross profit

 

$

60.6

 

 

$

12.1

 

 

$

72.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2019

 

Mining

 

Energy

 

Total

 

Revenue 

 

$

301.9

 

$

48.4

 

$

350.3

 

 

 

 

 

 

 

 

 

 

 

 

Income/(expenses)

 

 

 

 

 

 

 

 

 

 

Costs of sales

 

$

56.6

 

$

3.2

 

$

59.8

 

Depletion and depreciation

 

 

97.3

 

 

20.8

 

 

118.1

 

Segment gross profit

 

$

148.0

 

$

24.4

 

$

172.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2018

 

Mining

 

Energy

 

Total

 

Revenue

 

$

292.7

 

$

41.7

 

$

334.4

 

 

 

 

 

 

 

 

 

 

 

 

Income/(expenses)

 

 

 

 

 

 

 

 

 

 

Costs of sales

 

$

57.5

 

$

2.5

 

$

60.0

 

Depletion and depreciation

 

 

102.4

 

 

16.2

 

 

118.6

 

Segment gross profit

 

$

132.8

 

$

23.0

 

$

155.8

 

 

A reconciliation of total segment gross profit to the consolidated net income before income taxes is presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

 

For the six months ended

 

 

 

 

June 30, 

 

 

 

June 30, 

 

 

 

 
2019

 

 

 
2018

 

 

 
2019

 

 

 
2018

 

 

Total segment gross profit

 

$

85.0

 

 

$

72.7

 

 

$
172.4

 

 

$
155.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other operating (income)/expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative expenses

 

$

5.6

 

 

$

7.0

 

 

$

12.5

 

 

$

12.2

 

 

Gain on sale of bullion

 

 

(0.4)

 

 

 

 -

 

 

 

(0.8)

 

 

 

(0.3)

 

 

Depreciation

 

 

0.8

 

 

 

0.8

 

 

 

1.7

 

 

 

1.6

 

 

Foreign exchange (gain) and other income (expenses)

 

 

 -

 

 

 

0.1

 

 

 

 -

 

 

 

(0.5)

 

 

Income before finance items and income taxes

 

$

79.0

 

 

$

64.8

 

 

$

159.0

 

 

$

142.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance income

 

$

1.2

 

 

$

0.7

 

 

$

1.9

 

 

$

1.7

 

 

Finance expenses

 

 

(2.5)

 

 

 

(0.8)

 

 

 

(5.0)

 

 

 

(1.7)

 

 

Net income before income taxes

 

$

77.7

 

 

$

64.7

 

 

$

155.9

 

 

$

142.8