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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net income $ 733.7 $ 326.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion and depreciation 299.6 241.0
Share-based compensation expenses 8.0 5.6
Impairment (reversals) charges (68.0) 262.1
Unrealized foreign exchange loss 1.5 0.4
Deferred income tax expense (recovery) 37.1 (35.2)
Other non-cash items (3.0) (12.0)
Acquisition of gold bullion (40.0) (37.9)
Proceeds from sale of gold bullion 27.5 52.7
Operating cash flows before changes in non-cash working capital 996.4 802.9
Changes in non-cash working capital:    
(Increase) decrease in receivables (26.4) 4.4
(Increase) decrease in prepaid expenses and other (13.1) 1.4
Decrease in current liabilities (1.5) (4.8)
Net cash provided by operating activities 955.4 803.9
Cash flows used in investing activities    
Acquisition of royalty, stream and working interests (758.7) (311.1)
Acquisition of investments (17.2)  
Acquisition of energy well equipment (1.8) (1.5)
Proceeds from sale of investments 12.7 3.6
Net cash used in investing activities (765.0) (309.0)
Cash flows used in financing activities    
Payment of dividends (179.6) (154.9)
Proceeds from draw of revolving credit facilities 150.0  
Repayment of revolving credit facilities (150.0) (80.0)
Repayment of term loan   (80.0)
Proceeds from at-the-market equity offerings   135.7
Credit facility amendment costs (1.0)  
Proceeds from exercise of stock options 0.4 7.4
Net cash used in financing activities (180.2) (91.8)
Effect of exchange rate changes on cash and cash equivalents (5.1) (1.0)
Net change in cash and cash equivalents 5.1 402.1
Cash and cash equivalents at beginning of year 534.2 132.1
Cash and cash equivalents at end of year 539.3 534.2
Supplemental cash flow information:    
Dividend income received 30.2 14.7
Interest and standby fees paid 2.4 2.4
Income taxes paid $ 93.5 $ 51.2