XML 374 R116.htm IDEA: XBRL DOCUMENT v3.23.1
Mining and Income Taxation - Summary of Components of Mining and Income Tax (Detail) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of Components of Mining and Income Tax [Line Items]      
Dividend withholding tax $ (21.3) $ (29.5) $ (5.9)
– deferred taxation 33.0 23.7 (66.0)
– current taxation (475.1) (448.6) (366.5)
Total mining and income taxation (442.1) (424.9) (432.5)
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Taxation on profit before taxation at maximum South African statutory mining tax rate (395.7) (426.5) (400.5)
Rate adjustment to reflect the actual realised company tax rates in South Africa and offshore 65.9 45.9 45.6
Non-deductible share-based payments (2.3) (4.3) (4.9)
Non-deductible exploration expense (0.1) (9.6) (0.4)
Deferred tax assets not recognised on impairment of investments (2021: impairment and 2020: reversal of impairment) (38.6) (10.5) 21.2
Non-deductible interest paid (21.7) (22.2) (31.2)
Share of results of equity accounted investees, net of taxation 3.4 (10.9) (0.9)
Non-taxable capital gains portion of Yamana break fee and transaction costs 18.2 0.0 0.0
Non-taxable fair value (loss)/gain on Maverix warrants 0.0 (1.4) 0.4
Dividend withholding tax (21.3) (29.5) (5.9)
Net non-deductible expenditure and non-taxable income (18.2) (26.7) (0.7)
Deferred tax on unremitted earnings at Tarkwa and Cerro Corona 0.0 15.7 1.3
Deferred taxation movement on Peruvian Nuevo Sol devaluation against US Dollar 4.2 (8.6) (7.5)
Various Peruvian non-deductible expenses (5.3) (7.9) (5.8)
Deferred tax assets recognised at Salares Norte (4.2) 96.7 12.8
Prior year adjustments (2.7) (6.4) (0.2)
Deferred Tax Charge On Change Of Tax Rate At South Deep (5.7) 0.0 0.0
Other (4.7) 0.1 (4.8)
Total mining and income taxation $ (442.1) $ (424.9) $ (432.5)
South African statutory mining tax rate 34.00% 34.00% 34.00%
Loss on financial instruments $ (24.0) $ 100.4 $ 238.9
Deferred taxation 195.5 260.6  
Deferred tax assets not recognized      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred tax assets at Cerro Cerona, Damang and Ghanaian   12.2  
Cerro Corona      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred tax assets not recognised (14.4) (12.2) (0.1)
Deferred tax assets not recognised 14.4    
Damang and Tarkwa      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred tax assets not recognised 1.2 (6.6) (50.9)
Cerro Cerona and Damang      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Loss on financial instruments   45.8  
Cerro Cerona and Damang | Deferred tax assets not recognized      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred tax assets at Cerro Cerona, Damang and Ghanaian   3.4  
Deferred tax asset losses on financial instruments   15.6  
Ghanaian operations | Deferred tax assets not recognized      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred tax assets at Cerro Cerona, Damang and Ghanaian 1.2 6.6 50.9
Deferred tax asset losses on financial instruments     41.0
Deferred taxation 6.0 14.0  
Ghanaian operations | Deferred tax assets recognized      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred tax asset losses are ring fenced for tax purposes     120.6
Deferred taxation 7.2 7.4  
Deferred tax assets provision for expected credit loss 17.5 $ 41.1  
Tarkwa | Deferred tax assets not recognized      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred taxation     9.9
Tarkwa | Deferred tax assets recognized      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred tax assets provision for expected credit loss     29.0
Salaries Norte      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Total project progress   62.50%  
Construction progress   55.00%  
Salaries Norte | Deferred tax assets recognized      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Deferred tax assets assessed losses recognised     12.8
Yamana      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Capital gains taxation 65.2    
South African taxation      
Disclosure of Components of Mining and Income Tax [Line Items]      
– company and capital gains taxation 65.3 $ 3.8 4.5
Dividend withholding tax (13.1) (24.3) 0.0
– prior year adjustment - current taxation 0.0 (0.8) 0.5
– deferred taxation (80.2) (27.4) (25.8)
– prior year adjustment - deferred taxation 1.7 (3.4) 0.0
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Dividend withholding tax (13.1) (24.3) 0.0
Foreign taxation      
Disclosure of Components of Mining and Income Tax [Line Items]      
Dividend withholding tax (4.7) 0.0 (5.2)
– prior year adjustment - current taxation 5.9 3.5 0.1
– deferred taxation 111.5 54.6 (40.2)
– current taxation (386.1) (417.9) (356.2)
Total mining and income taxation (442.1) (424.9) (432.5)
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Dividend withholding tax (4.7) 0.0 (5.2)
Total mining and income taxation (442.1) $ (424.9) $ (432.5)
Adjustments for deferred tax of prior periods related to hedges 13.3    
Foreign taxation | Damang and Tarkwa      
Major items causing the Group's income taxation to differ from the maximum South African statutory mining tax rate of 34.0% (2021: 34.0% and 2020: 34.0%) were:      
Transfer pricing payment $ 19.2