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Segment Reporting (Tables) | 12 Months Ended
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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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs of sales | ​ | $ | 116.7 | ​ | $ | 0.1 | ​ | $ | 12.2 | ​ | $ | 129.0 | ​
Depletion and depreciation | ​ | ​ | 150.5 | ​ | ​ | 11.6 | ​ | ​ | 62.6 | ​ | ​ | 224.7 | ​
Segment gross profit | ​ | $ | 594.7 | ​ | $ | 47.0 | ​ | $ | 118.2 | ​ | $ | 759.9 | ​
​ ​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Total Revenue | ​ | $ | 950.9 | ​ | $ | 60.4 | ​ | $ | 207.7 | ​ | $ | 1,219.0 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs of sales | ​ | $ | 166.5 | ​ | $ | 0.1 | ​ | $ | 12.7 | ​ | $ | 179.3 | ​
Depletion and depreciation | ​ | ​ | 194.3 | ​ | ​ | 15.6 | ​ | ​ | 62.5 | ​ | ​ | 272.4 | ​
Segment gross profit | ​ | $ | 590.1 | ​ | $ | 44.7 | ​ | $ | 132.5 | ​ | $ | 767.3 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | 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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  | 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 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  | 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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