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Income taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income taxes [Abstract]  
Schedule of Deferred tax assets and liabilities
Recognized in earnings
As at December 31
2024
2023
2024
2023
Assets
Property, plant and equipment
$
(41,454)
$
67,736
$
475,008
$
515,872
Provision for reclamation
(11,237)
(4,157)
188,422
199,659
Inventories
(4,979)
3,292
6,561
11,540
Foreign exploration and development
(398)
(51)
2,191
2,589
Income tax losses (gains)
(8,108)
(141,907)
85,668
93,776
Defined benefit plan actuarial losses
-
-
5,233
4,279
Long-term investments and other
14,880
(17,704)
80,048
65,145
Deferred tax assets
(51,296)
(92,791)
843,131
892,860
Liabilities
Property, plant and equipment
-
-
-
-
Inventories
-
-
-
-
Deferred tax liabilities
-
-
-
-
Net deferred tax asset (liability)
$
(51,296)
$
(92,791)
$
843,131
$
892,860
Deferred tax allocated as
2024
2023
Deferred tax assets
$
843,131
$
892,860
Deferred tax liabilities
-
-
Net deferred tax asset
 
$
843,131
$
892,860
2024
2023
Deferred tax asset at beginning of year
$
892,860
$
984,071
Expense for the year in net earnings
(51,296)
(92,791)
Recovery for the year in other comprehensive income
969
1,581
Effect of movements in exchange rates
598
(1)
End of year
$
843,131
$
892,860
2024
2023
Income tax losses
$
379,695
$
357,148
Property, plant and equipment
2,496
2,299
Provision for reclamation
81,984
68,038
Long-term investments and other
162,278
127,420
Total
$
626,453
$
554,905
Schedule of Tax rate reconciliation
2024
2023
Earnings before income taxes
$
256,716
$
487,153
Combined federal and provincial tax rate
26.9%
26.9%
Computed income tax expense
69,057
131,044
Increase (decrease) in taxes resulting from:
Difference between Canadian rates and rates
applicable to subsidiaries in other countries
(4,482)
2,990
Change in unrecognized deferred tax assets
75,923
16,759
Non-taxable portion of capital loss
6,775
-
Loss (Income) in equity-accounted investees
(60,343)
(41,519)
Change in uncertain tax positions
-
(9,331)
Other taxes
15,453
11,709
Foreign exchange permanent differences
(14,939)
12,044
Other permanent differences
(2,570)
2,641
Income tax expense
$
84,874
$
126,337
Schedule of Earnings and income taxes by jurisdiction
2024
2023
Earnings (loss) before income taxes
Canada
$
401,080
$
562,139
Foreign
(144,364)
(74,986)
$
256,716
$
487,153
Current income taxes
Canada
$
24,149
$
26,230
Foreign
9,429
7,316
$
33,578
$
33,546
Deferred income taxes (recovery)
Canada
$
39,115
$
104,885
Foreign
12,181
(12,094)
$
51,296
$
92,791
Income tax expense
$
84,874
$
126,337
Schedule of Income tax losses
Date of expiry
Canada
US
Other
 
Total
2026
$
-
$
-
$
15,543
$
15,543
2027
-
-
295
295
2028
-
-
120
120
2029
47
-
13,393
13,440
2030
-
-
2,145
2,145
2031
-
23,100
42,681
65,781
2032
272
24,879
-
25,151
2033
-
38,240
-
38,240
2034
-
17,748
4,476
22,224
2035
-
8,089
7,425
15,514
2036
-
49,475
5,849
55,324
2037
27
37,059
3,064
40,150
2038
-
-
328
328
2039
66
-
143
209
2040
37
-
372
409
2041
77
-
166
243
2042
49
-
-
49
2043
71
-
-
71
2044
56
-
-
56
No expiry
-
511,655
1,020,759
1,532,414
$
702
$
710,245
$
1,116,759
$
1,827,706