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Royalty, stream and working interests (Tables) | 12 Months Ended
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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) | ​
Streams |
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 | ​
Energy assets |
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 | ​

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