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SEGMENTED INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2017
SEGMENTED INFORMATION |
Schedule of operating results by reportable segment |
|  | Operating segments |  | Non-operating segments (a) |  |  |
Years ended December 31, 2017: |  | Fort Knox |  | Round Mountain |  | Bald Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Kettle River- Buckhorn |  | Tasiast |  | Chirano |  | Corporate and other (b) |  | Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales |  | $ | 481.1 |  | 552.2 |  | 331.5 |  | 447.0 |  | 52.0 |  | 726.9 |  | 96.3 |  | 298.4 |  | 317.6 |  | — |  | $ | 3,303.0 |
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production cost of sales |  | 239.9 |  | 302.5 |  | 168.9 |  | 310.2 |  | 19.9 |  | 300.9 |  | 36.8 |  | 178.2 |  | 200.1 |  | — |  | 1,757.4 |
Depreciation, depletion and amortization |  | 86.6 |  | 107.4 |  | 83.5 |  | 127.0 |  | 4.6 |  | 184.2 |  | 0.6 |  | 78.6 |  | 138.6 |  | 8.3 |  | 819.4 |
Impairment, net of reversals |  | (88.6 | ) | — |  | — |  | 253.0 |  | — |  | — |  | — |  | (142.9 | ) | — |  | — |  | 21.5 |
Total cost of sales |  | 237.9 |  | 409.9 |  | 252.4 |  | 690.2 |  | 24.5 |  | 485.1 |  | 37.4 |  | 113.9 |  | 338.7 |  | 8.3 |  | 2,598.3 |
Gross profit (loss) |  | $ | 243.2 |  | 142.3 |  | 79.1 |  | (243.2 | ) | 27.5 |  | 241.8 |  | 58.9 |  | 184.5 |  | (21.1 | ) | (8.3 | ) | $ | 704.7 |
Other operating expense |  | 9.5 |  | — |  | 1.1 |  | 20.1 |  | 6.1 |  | (0.3 | ) | 10.9 |  | 60.0 |  | (1.8 | ) | 24.0 |  | 129.6 |
Exploration and business development |  | 9.0 |  | 2.6 |  | 9.5 |  | — |  | 0.1 |  | 17.1 |  | 4.6 |  | 5.7 |  | 8.2 |  | 49.2 |  | 106.0 |
General and administrative |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 132.6 |  | 132.6 |
Operating earnings (loss) |  | $ | 224.7 |  | 139.7 |  | 68.5 |  | (263.3 | ) | 21.3 |  | 225.0 |  | 43.4 |  | 118.8 |  | (27.5 | ) | (214.1 | ) | $ | 336.5 |
Other income (expense) - net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 188.1 |
Equity in earnings (losses) of associate and joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.3 | )
Finance income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13.5 |
Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (117.8 | )
Earnings before tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 419.0 |
|  | Operating segments |  | Non-operating segments (a) |  |  |
Years ended December 31, 2016: |  | Fort Knox |  | Round Mountain |  | Bald Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Kettle River- Buckhorn |  | Tasiast |  | Chirano |  | Corporate and other (b) |  | Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales |  | $ | 510.8 |  | 477.1 |  | 139.6 |  | 599.6 |  | 219.4 |  | 919.2 |  | 139.8 |  | 208.0 |  | 258.5 |  | — |  | $ | 3,472.0 |
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production cost of sales |  | 302.2 |  | 292.0 |  | 131.7 |  | 346.4 |  | 145.2 |  | 324.3 |  | 73.0 |  | 179.3 |  | 189.7 |  | — |  | 1,983.8 |
Depreciation, depletion and amortization |  | 88.7 |  | 94.7 |  | 38.6 |  | 142.7 |  | 34.4 |  | 236.8 |  | 1.3 |  | 96.4 |  | 109.9 |  | 11.5 |  | 855.0 |
Impairment, net of reversals |  | — |  | — |  | — |  | — |  | 139.6 |  | — |  | — |  | — |  | — |  | — |  | 139.6 |
Total cost of sales |  | 390.9 |  | 386.7 |  | 170.3 |  | 489.1 |  | 319.2 |  | 561.1 |  | 74.3 |  | 275.7 |  | 299.6 |  | 11.5 |  | 2,978.4 |
Gross profit (loss) |  | $ | 119.9 |  | 90.4 |  | (30.7 | ) | 110.5 |  | (99.8 | ) | 358.1 |  | 65.5 |  | (67.7 | ) | (41.1 | ) | (11.5 | ) | $ | 493.6 |
Other operating expense |  | 1.0 |  | — |  | 2.0 |  | 74.3 |  | 50.8 |  | (0.5 | ) | (0.7 | ) | 46.3 |  | 8.0 |  | 28.1 |  | 209.3 |
Exploration and business development |  | 8.9 |  | 4.6 |  | 4.7 |  | — |  | — |  | 13.3 |  | 2.2 |  | 5.9 |  | 8.9 |  | 45.8 |  | 94.3 |
General and administrative |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 143.7 |  | 143.7 |
Operating earnings (loss) |  | $ | 110.0 |  | 85.8 |  | (37.4 | ) | 36.2 |  | (150.6 | ) | 345.3 |  | 64.0 |  | (119.9 | ) | (58.0 | ) | (229.1 | ) | $ | 46.3 |
Other income (expense) - net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 22.5 |
Equity in earnings (losses) of associate and joint venture |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.2 | )
Finance income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7.5 |
Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (134.6 | )
Loss before tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (59.5 | )
|  | Operating segments |  | Non-operating segments(a) |  |  |
|  | Fort Knox |  | Round Mountain |  | Bald Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Kettle River- Buckhorn |  | Tasiast |  | Chirano |  | Corporate and other(b) |  | Total |
Property, plant and equipment at: December 31, 2017 |  | $ | 354.1 |  | 286.2 |  | 422.2 |  | 1,383.1 |  | 39.5 |  | 474.7 |  | 1.3 |  | 1,296.0 |  | 332.6 |  | 297.5 |  | $ | 4,887.2 |
Total assets at: December 31, 2017 |  | $ | 559.1 |  | 460.2 |  | 612.2 |  | 1,646.5 |  | 171.3 |  | 1,164.5 |  | 9.2 |  | 1,580.3 |  | 516.4 |  | 1,437.5 |  | $ | 8,157.2 |
Capital expenditures for year ended December 31, 2017 (c) |  | $ | 110.2 |  | 97.1 |  | 90.4 |  | 121.6 |  | 1.4 |  | 54.1 |  | — |  | 434.5 |  | 46.0 |  | 5.0 |  | $ | 960.3 |
|  | Operating segments |  | Non-operating segments(a) |  |  |
|  | Fort Knox |  | Round Mountain |  | Bald Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Kettle River- Buckhorn |  | Tasiast |  | Chirano |  | Corporate and other(b) |  | Total |
Property, plant and equipment at: December 31, 2016 |  | $ | 248.4 |  | 307.1 |  | 440.9 |  | 1,647.5 |  | 37.6 |  | 599.5 |  | 2.0 |  | 826.9 |  | 416.6 |  | 391.1 |  | $ | 4,917.6 |
Total assets at: December 31, 2016 |  | $ | 457.7 |  | 430.8 |  | 598.9 |  | 1,880.4 |  | 145.3 |  | 1,417.0 |  | 15.9 |  | 1,122.8 |  | 581.5 |  | 1,329.0 |  | $ | 7,979.3 |
Capital expenditures for year ended December 31, 2016 (c) |  | $ | 67.2 |  | 70.1 |  | 41.2 |  | 113.8 |  | 5.1 |  | 88.0 |  | — |  | 200.4 |  | 48.2 |  | 11.1 |  | $ | 645.1 |
| (a) |  | Non-operating segments include development properties.
| (b) |  | Corporate and other includes corporate, Cerro Casale until its disposal on June 9, 2017, shutdown and other non-operating assets (including La Coipa, Lobo-Marte and White Gold until its disposal on June 14, 2017).
| (c) |  | Segment capital expenditures are presented on an accrual basis. Additions to property, plant and equipment in the consolidated statements of cash flows are presented on a cash basis.
Schedule of metal sales and plant and equipment by geographic region |
|  | Metal sales |  | Property, plant and equipment |
|  | Years ended December 31, |  | As at December 31, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Geographic information (a) |  |  |  |  |  |  |  |  |
United States |  | $ | 1,461.1 |  | $ | 1,267.3 |  | $ | 1,067.4 |  | $ | 1,002.1 |
Russian Federation |  | 726.9 |  | 919.2 |  | 482.3 |  | 630.8 |
Brazil |  | 447.0 |  | 599.6 |  | 1,383.1 |  | 1,647.5 |
Chile |  | 52.0 |  | 219.4 |  | 308.8 |  | 306.6 |
Mauritania |  | 298.4 |  | 208.0 |  | 1,302.1 |  | 832.5 |
Ghana |  | 317.6 |  | 258.5 |  | 343.5 |  | 427.9 |
Canada |  | — |  | — |  | — |  | 70.2 |
Total |  | $ | 3,303.0 |  | $ | 3,472.0 |  | $ | 4,887.2 |  | $ | 4,917.6 |
(a) Geographic location is determined based on location of the mining assets.
Schedule of significant customers |
For the year ended December 31, 2017: |  | Fort Knox |  | Round Mountain |  | Bald Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Kettle River- Buckhorn |  | Tasiast |  | Chirano |  | Total |
Customer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | $ | — |  | — |  | — |  | — |  | — |  | 694.5 |  | — |  | — |  | — |  | 694.5 |
2 |  | 54.4 |  | 60.2 |  | 64.8 |  | 48.8 |  | 6.8 |  | 16.4 |  | 16.9 |  | 146.9 |  | 116.3 |  | 531.5 |
3 |  | 6.4 |  | 19.0 |  | 16.4 |  | 157.9 |  | 11.6 |  | — |  | — |  | 31.7 |  | 99.1 |  | 342.1 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,568.1 |
% of total metal sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 47.5 | %
For the year ended December 31, 2016: |  | Fort Knox |  | Round Mountain |  | Bald Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Kettle River- Buckhorn |  | Tasiast |  | Chirano |  | Total |
Customer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | $ | 101.8 |  | 75.9 |  | 22.0 |  | 130.1 |  | 41.8 |  | 20.5 |  | 66.6 |  | 80.2 |  | 72.5 |  | $ | 611.4 |
2 |  | — |  | — |  | — |  | — |  | — |  | 473.5 |  | — |  | — |  | — |  | 473.5 |
3 |  | — |  | — |  | — |  | — |  | — |  | 405.5 |  | — |  | — |  | — |  | 405.5 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,490.4 |
% of total metal sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 42.9 | %

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