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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting

Schedule of reportable segments for purposes of assessing performance and reconciliation of total segment gross profit to consolidated net income (loss) before taxes

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2024

​

Precious metals

​

​

Other mining

Energy

Total

​

Revenue

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenue from royalty, streams and working interests

​

$

853.0

​

$

58.7

​

$

193.0

​

$

1,104.7

​

Interest revenue

​

​

8.3

​

​

—

​

​

—

​

​

8.3

​

Other interest income

​

​

0.6

​

​

—

​

​

—

​

​

0.6

​

Total Revenue

​

$

861.9

​

$

58.7

​

$

193.0

​

$

1,113.6

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Expenses

​

​

​

​

​

​

​

​

​

​

​

​

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Costs of sales

​

$

116.7

​

$

0.1

​

$

12.2

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$

129.0

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Depletion and depreciation

​

​

150.5

​

​

11.6

​

​

62.6

​

​

224.7

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Segment gross profit

​

$

594.7

​

$

47.0

​

$

118.2

​

$

759.9

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​

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2023

​

Precious metals

​

​

Other mining

Energy

Total

​

Revenue

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenue from royalty, streams and working interests

​

$

950.9

​

$

60.4

​

$

207.7

​

$

1,219.0

​

Interest revenue

​

​

—

​

​

—

​

​

—

​

​

—

​

Other interest income

​

​

—

​

​

—

​

​

—

​

​

—

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Total Revenue

​

$

950.9

​

$

60.4

​

$

207.7

​

$

1,219.0

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Expenses

​

​

​

​

​

​

​

​

​

​

​

​

​

Costs of sales

​

$

166.5

​

$

0.1

​

$

12.7

​

$

179.3

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Depletion and depreciation

​

​

194.3

​

​

15.6

​

​

62.5

​

​

272.4

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Segment gross profit

​

$

590.1

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$

44.7

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$

132.5

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$

767.3

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​	​	​	​	​	​	​	​	​	​
​	​	​	2024		​	​	2023		​
Total segment gross profit	​	$	759.9	​	​	$	767.3	​	​
​	​	​	​	​	​	​	​	​	​
Other operating expenses (income)	​	​	​	​	​	​	​	​	​
General and administrative expenses	​	$	26.6	​	​	$	23.5	​	​
Share-based compensation expense	​	​	8.0	​	​	​	4.4	​	​
Cobre Panama arbitration expense(1)	​	​	6.3	​	​	​	1.0	​	​
Impairment losses(2)	​	​	—	​	​	​	1,173.3	​	​
Gain on disposal of royalty interests(1)	​	​	(0.3)	​	​	​	(3.7)	​	​
Gain on sale of gold and silver bullion(1)	​	​	(7.9)	​	​	​	(3.9)	​	​
Depreciation	​	​	0.6	​	​	​	0.7	​	​
Foreign exchange loss (gain) and other expenses (income)	​	​	20.7	​	​	​	(14.4)	​	​
Income (loss) before finance items and income taxes	​	$	705.9	​	​	$	(413.6)	​	​
​	​	​	​	​	​	​	​	​	​
Finance items	​	​	​	​	​	​	​	​	​
Finance income	​	$	60.6	​	​	$	52.3	​	​
Finance expenses	​	​	(2.6)	​	​	​	(2.9)	​	​
Net income (loss) before income taxes	​	$	763.9	​	​	$	(364.2)	​	​

1. Amounts were attributed to the precious metals reportable segment for the year ended December 31, 2024 and 2023.

2. For the year ended December 31, 2023, impairment losses of $1,169.2 million and $4.1 million were attributed to the precious metal and energy reportable segments, respectively.

Summary of revenue, royalty, stream or working interest, investments, loans receivable and well equipment by geographical area

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​	​	​	​	​	​	​	​	​
​		2024			2023
Latin America	​	​	​	​	​	​	​	​
Peru	​	$	223.7	​	​	$	194.3	​
Chile	​	​	168.9	​	​	​	136.1	​
Brazil	​	​	52.2	​	​	​	35.1	​
Panama	​	​	0.1	​	​	​	248.9	​
Other	​	​	92.3	​	​	​	73.1	​
United States	​		205.0	​	​	​	208.0	​
Canada	​	​	192.8	​	​	​	177.1	​
Rest of World	​	​	178.6	​	​	​	146.4	​
​	​	$	1,113.6	​	​	$	1,219.0	​

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​	​	​	​	​	​	​	​	​
​			2024			​	2023
Latin America	​	​	​	​	​	​	​	​
Peru	​	$	789.5	​	​	$	702.6	​
Brazil	​	​	673.3	​	​	​	726.2	​
Chile	​	​	509.6	​	​	​	539.1	​
Other	​	​	151.5	​	​	​	139.1	​
United States	​		1,197.4	​	​	​	1,109.1	​
Canada	​	​	600.4	​	​	​	658.8	​
Rest of World	​	​	177.1	​	​	​	152.2	​
​	​	$	4,098.8	​	​	$	4,027.1	​

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​	​	​	​	​	​	​	​	​
​			2024			​	2023
Investments	​	​	​	​	​	​	​	​
Canada	​	$	320.4	​	​	$	254.5	​
United States	​	​	5.1	​	​	​	-	​
​	​	$	325.5	​	​	$	254.5	​
Loans receivable	​	​	​	​	​	​	​	​
Canada	​	$	110.0	​	​	$	24.8	​
​	​	$	110.0	​	​	$	24.8	​
Well equipment(1)	​	​	​	​	​	​	​	​
Canada	​	$	5.6	​	​	$	5.8	​
​	​	$	5.6	​	​	$	5.8	​

1 Well equipment is included in other assets, as referenced in Note 11.

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