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v3.20.4

Royalty, stream and working interests (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Royalty, stream and working interests |
Disclosure of detailed information about royalty, stream and working interest, net |
|  |  |  |  |  | Impairment |  |  |
|  |  |  |  | Accumulated |  | (charges) |  |  |  |  |
As at December 31, 2020 |  | Cost |  | depletion(1) |  | reversals |  |  | Carrying value |
Mining royalties |  | $ | 1,049.2 |  | $ | (642.3) |  | $ | — |  |  | $ | 406.9 |
Streams |  |  | 4,346.6 |  |  | (1,702.6) |  |  | 9.6 |  |  |  | 2,653.6 |
Energy |  |  | 1,944.7 |  |  | (462.4) |  |  | (267.7) |  |  |  | 1,214.6 |
Advanced |  |  | 343.0 |  |  | (49.0) |  |  | — |  |  |  | 294.0 |
Exploration |  |  | 76.1 |  |  | (13.1) |  |  | — |  |  |  | 63.0 |
|  | $ | 7,759.6 |  | $ | (2,869.4) |  | $ | (258.1) |  |  | $ | 4,632.1 |
| 1. |  | Accumulated depletion includes previously recognized impairment charges.
|  |  |  |  |  | Impairments |  |  |
|  |  |  |  | Accumulated |  | (charges) |  |  |  |  |
As at December 31, 2019 |  | Cost |  | depletion(1) |  | reversals |  |  | Carrying value |
Mining royalties |  | $ | 1,035.7 |  | $ | (620.1) |  | $ | — |  |  | $ | 415.6 |
Streams |  |  | 4,346.3 |  |  | (1,542.3) |  |  | — |  |  |  | 2,804.0 |
Energy |  |  | 1,756.4 |  |  | (402.8) |  |  | — |  |  |  | 1,353.6 |
Advanced |  |  | 203.2 |  |  | (32.3) |  |  | — |  |  |  | 170.9 |
Exploration |  |  | 66.2 |  |  | (12.5) |  |  | — |  |  |  | 53.7 |
|  | $ | 7,407.8 |  | $ | (2,610.0) |  | $ | — |  |  | $ | 4,797.8 |
| 1. |  | Accumulated depletion includes previously recognized impairment charges.
Disclosure of detailed information about royalty, stream and working interest, net rollforward |
|  | Mining |  |  |  |  |  |  |  |  |  |  |
|  | royalties |  | Streams |  | Energy |  | Advanced |  | Exploration |  | Total |
Balance at January 1, 2019 |  | $ | 450.1 |  | $ | 2,967.6 |  | $ | 966.6 |  | $ | 129.8 |  | $ | 41.5 |  | $ | 4,555.6 |
Additions (note 4) |  |  | — |  |  | — |  |  | 419.0 |  |  | 46.0 |  |  | 11.9 |  |  | 476.9 |
Transfers |  |  | 5.9 |  |  | — |  |  | — |  |  | (5.9) |  |  | — |  |  | — |
Depletion |  |  | (46.0) |  |  | (163.6) |  |  | (49.0) |  |  | (0.9) |  |  | (0.2) |  |  | (259.7) |
Impact of foreign exchange |  |  | 5.6 |  |  | — |  |  | 17.0 |  |  | 1.9 |  |  | 0.5 |  |  | 25.0 |
Balance at December 31, 2019 |  | $ | 415.6 |  | $ | 2,804.0 |  | $ | 1,353.6 |  | $ | 170.9 |  | $ | 53.7 |  | $ | 4,797.8 |
Additions (note 4) |  |  | 18.8 |  |  | — |  |  | 170.2 |  |  | 118.6 |  |  | 8.2 |  |  | 315.8 |
Transfers |  |  | (1.2) |  |  | — |  |  | — |  |  | 1.2 |  |  | — |  |  | — |
Impairment (charges) and reversals |  |  | — |  |  | 9.6 |  |  | (267.7) |  |  | — |  |  | — |  |  | (258.1) |
Depletion |  |  | (31.5) |  |  | (160.0) |  |  | (44.9) |  |  | (2.1) |  |  | (0.2) |  |  | (238.7) |
Impact of foreign exchange |  |  | 5.2 |  |  | — |  |  | 3.4 |  |  | 5.4 |  |  | 1.3 |  |  | 15.3 |
Balance at December 31, 2020 |  | $ | 406.9 |  | $ | 2,653.6 |  | $ | 1,214.6 |  | $ | 294.0 |  | $ | 63.0 |  | $ | 4,632.1 |
Schedule of maturity of cash flow determined on the basis of forecasted WTI oil prices |
|  |  |  |  |  |  |  |  |  |  | Average |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Annual |
|  | Remainder of |  |  |  |  |  |  |  |  |  | Increase |
|  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Thereafter |
WTI oil price (US$/barrel) |  | $ | 30.00 |  | $ | 41.18 |  | $ | 49.88 |  | $ | 55.87 |  | $ | 57.98 |  | 2 | % |
Schedule of key assumptions and sensitivity analysis |
| Increase (Decrease) to Impairment Charges
|  | 1% Increase |  | 1% Decrease |  | 10% Decrease |  | 10% Increase |
|  | in the |  | in the |  | in WTI Oil |  | in WTI Oil |
|  | Discount Rate |  | Discount Rate |  | Price |  | Price |
SCOOP/STACK |  | $ | 34.1 |  | $ | (39.9) |  | $ | 37.8 |  | $ | (37.3) |
Weyburn, including oil well equipment |  |  | 16.9 |  |  | (19.1) |  |  | 39.8 |  |  | (39.0) |
|  | $ | 51.0 |  | $ | (59.0) |  | $ | 77.6 |  | $ | (76.3) |
Scheduled cash flow maturity of forecasted gold prices |
|  | 2021 |  |  | 2022 |  |  | 2023 |  | 2024 |
Gold price (US$/ounce) |  | $ | 1,910 |  | $ | 1,886 |  | $ | 1,831 |  | $ | 1,681 |
Streams |
Royalty, stream and working interests |
Schedule of impairments of Royalty, Stream and Working Interests, Net |
|  |  |  | Impairment |  |  |  |  |
|  |  |  | reversal |  |  |  | Recoverable |
|  |  |  | amount |  |  |  | amount |
Royalty, stream and working interests, net |  |  |  |  |  |  |  |  |
Mine Waste Solutions |  |  | $ | (9.6) |  |  | $ | 114.8 |
|  |  | $ | (9.6) |  |  | $ | 114.8 |
Energy assets |
Royalty, stream and working interests |
Schedule of impairments of Royalty, Stream and Working Interests, Net |
|  |  |  | Impairment |  |  |  | Recoverable |
|  |  |  | amount |  |  |  | amount |
Royalty, stream and working interests, net |  |  |  |  |  |  |  |  |
SCOOP/STACK |  |  | $ | 207.2 |  |  | $ | 309.2 |
Weyburn |  |  |  | 60.5 |  |  |  | 162.8 |
Other assets |  |  |  |  |  |  |  |  |
Oil well equipment |  |  | $ | 4.0 |  |  | $ | 4.7 |
|  |  | $ | 271.7 |  |  | $ | 476.7 |

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