XML 30 R3.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Revenue from royalty, streams and working interests (Note 11) $ 257.6 $ 329.9 $ 513.2 $ 606.2
Interest revenue (Note 6a and b) 2.2   3.1  
Other interest income (Note 6c) 0.3   0.6  
Total revenue 260.1 329.9 516.9 606.2
Costs of sales        
Costs of sales (Note 12) 29.1 47.1 62.7 85.3
Depletion and depreciation 52.9 75.1 111.1 136.1
Total costs of sales 82.0 122.2 173.8 221.4
Gross profit 178.1 207.7 343.1 384.8
Other operating expenses (income)        
General and administrative expenses (Note 13) 8.4 6.2 14.1 12.4
Share-based compensation expenses (Note 14) 1.8 2.4 4.6 5.6
Gain on disposal of royalty interests (Note 8)     (0.3) (3.7)
Gain on sale of gold bullion (1.1) (1.4) (2.5) (2.1)
Total other operating expenses 9.1 7.2 15.9 12.2
Operating income 169.0 200.5 327.2 372.6
Foreign exchange (loss) gain and other (expenses) income (9.8) 1.7 (11.4) 3.9
Income before finance items and income taxes 159.2 202.2 315.8 376.5
Finance items (Note 16)        
Finance income 16.2 10.0 32.2 20.5
Finance expenses (0.6) (0.7) (1.2) (1.4)
Net income before income taxes 174.8 211.5 346.8 395.6
Income tax expense (Note 17) 95.3 27.0 122.8 54.6
Net income 79.5 184.5 224.0 341.0
Items that may be reclassified subsequently to profit and loss:        
Currency translation adjustment (12.3) 30.3 (51.5) 29.9
Items that will not be reclassified subsequently to profit and loss:        
Gain (loss) on changes in the fair value of equity investments at fair value through other comprehensive income ("FVTOCI"), net of income tax (Note 5) 15.4 (5.8) 17.2 1.0
Other comprehensive income (loss), net of taxes 3.1 24.5 (34.3) 30.9
Comprehensive income $ 82.6 $ 209.0 $ 189.7 $ 371.9
Earnings per share (Note 19)        
Basic earnings per share (in dollars per share) $ 0.41 $ 0.96 $ 1.17 $ 1.78
Diluted earnings per share (in dollars per share) $ 0.41 $ 0.96 $ 1.16 $ 1.77
Weighted average number of shares outstanding (Note 19)        
Basic weighted average number of shares outstanding 192.3 191.9 192.2 191.9
Diluted weighted average number of shares outstanding 192.5 192.2 192.4 192.2