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Revenue

6 Months Ended

Jun. 30, 2024

Revenue.

Revenue

Note 11 - Revenue

Revenue comprised the following:


		For the three months ended								For the six months ended
		June 30,								June 30,
		2024				2023				2024				2023
Revenue
Revenue from royalty, streams and working interests⁽¹⁾⁽²⁾		$	257.6			$	329.9			$	513.2			$	606.2
Interest revenue (Note 6)			2.2				—				3.1				—
Other interest income (Note 6)			0.3				—				0.6				—
		$	260.1			$	329.9			$	516.9			$	606.2

1.

For Q2 2024, revenue includes a loss of $0.1 million and a gain of $0.2 million for provisional pricing adjustments for gold and platinum group metals, respectively (Q2 2023 – a gain of $0.1 million and loss of $0.2 million, respectively). For H1 2024, revenue includes a gain of nil and a loss of $0.1 million for provisional pricing adjustments for gold and platinum group metals, respectively (H1 2023 – a gain of $0.2 million and $0.3 million, respectively).

2.

For Q2 2024, revenue includes dividend income of $5.1 million from the Company’s equity investment in LIORC (Q2 2023 – $3.1 million). For H1 2024, revenue includes dividend income of $7.2 million from the Company’s equity investment in LIORC (H1 2023 – $5.4 million).

Revenue classified by commodity, geography and type comprised the following:



		For the three months ended								For the six months ended
		June 30,								June 30,
		2024				2023				2024				2023
Commodity
Gold⁽¹⁾		$	156.9			$	213.9			$	317.8			$	386.1
Silver			28.1				35.4				53.0				64.0
Platinum group metals⁽¹⁾			8.0				9.9				16.2				21.3
Iron ore⁽²⁾			12.0				10.1				26.8				23.2
Other mining assets			1.7				5.1				4.7				7.1
Mining		$	206.7			$	274.4			$	418.5			$	501.7
Oil		$	35.9			$	36.9			$	62.1			$	64.0
Gas			10.8				14.2				23.1				31.1
Natural gas liquids			4.2				4.4				9.5				9.4
Energy		$	50.9			$	55.5			$	94.7			$	104.5
Revenue from royalty, stream and working interests		$	257.6			$	329.9			$	513.2			$	606.2
Interest from loans receivable
Interest revenue		$	2.2			$	—			$	3.1			$	—
Other interest income			0.3				—				0.6				—
		$	260.1			$	329.9			$	516.9			$	606.2
Geography
South America		$	93.6			$	106.0			$	194.4			$	185.2
Central America & Mexico			16.8				86.3				41.6				157.2
United States			51.2				57.8				98.0				108.1
Canada⁽¹⁾⁽²⁾			51.3				43.1				91.5				86.9
Rest of World			47.2				36.7				91.4				68.8
		$	260.1			$	329.9			$	516.9			$	606.2
Type
Revenue-based royalties		$	101.2			$	99.8			$	199.7			$	191.2
Streams⁽¹⁾			127.8				201.4				260.0				358.6
Profit-based royalties			17.9				15.3				31.9				32.5
Interest revenue and other⁽²⁾			13.2				13.4				25.3				23.9
		$	260.1			$	329.9			$	516.9			$	606.2

1.

For Q2 2024, revenue includes a loss of $0.1 million and a gain of $0.2 million for provisional pricing adjustments for gold and platinum group metals, respectively (Q2 2023 – a gain of $0.1 million and loss of $0.2 million, respectively). For H1 2024, revenue includes a gain of nil and a loss of $0.1 million for provisional pricing adjustments for gold and platinum group metals, respectively (H1 2023 – a gain of $0.2 million and $0.3 million, respectively).

2.

For Q2 2024, revenue includes dividend income of $5.1 million from the Company’s equity investment in LIORC (Q2 2023 – $3.1 million). For H1 2024, revenue includes dividend income of $7.2 million from the Company’s equity investment in LIORC (H1 2023 – $5.4 million).