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Royalty, stream and working interests (Tables)

12 Months Ended

Dec. 31, 2021

Royalty, stream and working interests

Disclosure of detailed information about royalty, stream and working interest, net


								Impairment
					Accumulated			(charges)
As at December 31, 2021		Cost			depletion⁽¹⁾			reversals				Carrying value
Mining royalties		$	1,590.2		$	(687.2)		$	—			$	903.0
Streams			4,511.9			(1,888.9)			—				2,623.0
Energy			1,972.6			(789.8)			75.5				1,258.3
Advanced			365.9			(49.6)			(7.5)				308.8
Exploration			67.1			(10.9)			—				56.2
		$	8,507.7		$	(3,426.4)		$	68.0			$	5,149.3

1.

Accumulated depletion includes previously recognized impairment charges.


								Impairments
					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.

Disclosure of detailed information about royalty, stream and working interest, net rollforward


		Mining
		royalties			Streams			Energy			Advanced			Exploration			Total
Balance at January 1, 2020		$	415.6		$	2,804.0		$	1,353.6		$	170.9		$	53.7		$	4,797.8
Additions			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

Additions		$	540.0		$	165.6		$	24.7		$	22.7		$	—		$	753.0
Disposals			—			—			—			—			—			—
Transfers			6.3			—			—			—			(6.3)			—
Impairment charges			—			—			75.5			(7.5)			—			68.0
Depletion			(42.7)			(196.2)			(57.9)			(0.6)			—			(297.4)
Impact of foreign exchange			(7.5)			—			1.4			0.2			(0.5)			(6.4)
Balance at December 31, 2021		$	903.0		$	2,623.0		$	1,258.3		$	308.8		$	56.2		$	5,149.3

Scheduled cash flow maturity of forecasted gold prices


		2021				2022			2023		2024
Gold price (US$/ounce)		$	1,910		$	1,886		$	1,831		$	1,681

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

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)

Royalty, stream and working interests

Schedule of impairments of Royalty, Stream and Working Interests, Net



				2021				2020
Royalty, stream and working interests, net
Weyburn			$	(75.5)			$	60.5
SCOOP/STACK				—				207.2
Mine Waste Solutions				—				(9.6)
Aği Daği				7.5				—
Other assets
Oil well equipment			$	—			$	4.0
			$	(68.0)			$	262.1

Royalty, stream and working interests

Schedule of maturity of cash flow determined on the basis of forecasted WTI oil prices


																	Average
																	annual
																	increase
		2022			2023			2024			2025			2026			thereafter
WTI oil price (US$/barrel)		$	72.83		$	68.78		$	66.76		$	68.09		$	69.45		2	%

Schedule of key assumptions and sensitivity analysis

Increase (decrease) to impairment reversal

1% increase

1% decrease

10% decrease

10% increase

in the

in the

in WTI oil

in WTI oil

discount rate

discount rate

price

price

Weyburn

(16.9)

19.0

(54.9)

33.3

$

(16.9)

$

19.0

$

(54.9)

$

33.3