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SEGMENTED INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2018
SEGMENTED INFORMATION |
Schedule of operating results by reportable segment |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-operating |  |  |
|  | Operating segments |  | segments (a) |  |  |
|  |  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  |  |  | Corporate and |  |  |
Year ended December 31, 2018: |  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Tasiast |  | Chirano |  | other (b), (c) |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales |  | $ | 325.5 |  | 483.9 |  | 403.9 |  | 663.1 |  | 113.6 |  | 627.7 |  | 307.8 |  | 286.0 |  | 1.1 |  | $ | 3,212.6
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production cost of sales |  |  | 214.4 |  | 277.6 |  | 174.1 |  | 430.5 |  | 65.7 |  | 288.2 |  | 237.3 |  | 172.7 |  | — |  |  | 1,860.5
Depreciation, depletion and amortization |  |  | 109.7 |  | 51.0 |  | 99.7 |  | 148.9 |  | 4.0 |  | 133.5 |  | 95.5 |  | 123.8 |  | 6.3 |  |  | 772.4
Total cost of sales |  |  | 324.1 |  | 328.6 |  | 273.8 |  | 579.4 |  | 69.7 |  | 421.7 |  | 332.8 |  | 296.5 |  | 6.3 |  |  | 2,632.9
Gross profit (loss) |  | $ | 1.4 |  | 155.3 |  | 130.1 |  | 83.7 |  | 43.9 |  | 206.0 |  | (25.0) |  | (10.5) |  | (5.2) |  | $ | 579.7
Other operating expense |  |  | 38.2 |  | — |  | 7.9 |  | 13.8 |  | (1.3) |  | (0.4) |  | 52.4 |  | (10.3) |  | 36.7 |  |  | 137.0
Exploration and business development |  |  | 4.7 |  | 1.2 |  | 11.5 |  | — |  | 0.1 |  | 19.2 |  | 8.5 |  | 6.0 |  | 58.0 |  |  | 109.2
General and administrative |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 133.0 |  |  | 133.0
Operating earnings (loss) |  | $ | (41.5) |  | 154.1 |  | 110.7 |  | 69.9 |  | 45.1 |  | 187.2 |  | (85.9) |  | (6.2) |  | (232.9) |  | $ | 200.5
Other income (expense) - net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.2
Equity in losses of joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.3)
Finance income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11.0
Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (101.2)
Earnings before tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 113.2
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-operating |  |  |
|  | Operating segments |  | segments (a) |  |  |
|  |  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  |  |  | Corporate and |  |  |
Year ended December 31, 2017: |  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Tasiast |  | Chirano |  | other (b), (c) |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales |  | $ | 481.1 |  | 552.2 |  | 331.5 |  | 447.0 |  | 52.0 |  | 726.9 |  | 298.4 |  | 317.6 |  | 96.3 |  | $ | 3,303.0
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production cost of sales |  |  | 239.9 |  | 302.5 |  | 168.9 |  | 310.2 |  | 19.9 |  | 300.9 |  | 178.2 |  | 200.1 |  | 36.8 |  |  | 1,757.4
Depreciation, depletion and amortization |  |  | 86.6 |  | 107.4 |  | 83.5 |  | 127.0 |  | 4.6 |  | 184.2 |  | 78.6 |  | 138.6 |  | 8.9 |  |  | 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 |  | 113.9 |  | 338.7 |  | 45.7 |  |  | 2,598.3
Gross profit (loss) |  | $ | 243.2 |  | 142.3 |  | 79.1 |  | (243.2) |  | 27.5 |  | 241.8 |  | 184.5 |  | (21.1) |  | 50.6 |  | $ | 704.7
Other operating expense |  |  | 9.5 |  | — |  | 1.1 |  | 20.1 |  | 6.1 |  | (0.3) |  | 60.0 |  | (1.8) |  | 34.9 |  |  | 129.6
Exploration and business development |  |  | 9.0 |  | 2.6 |  | 9.5 |  | — |  | 0.1 |  | 17.1 |  | 5.7 |  | 8.2 |  | 53.8 |  |  | 106.0
General and administrative |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 132.6 |  |  | 132.6
Operating earnings (loss) |  | $ | 224.7 |  | 139.7 |  | 68.5 |  | (263.3) |  | 21.3 |  | 225.0 |  | 118.8 |  | (27.5) |  | (170.7) |  | $ | 336.5
Other income (expense) - net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 188.1
Equity in losses of joint ventures and associate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.3)
Finance income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13.5
Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (117.8)
Earnings before tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 419.0
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-operating |  |  |
|  | Operating segments |  | segments(a) |  |  |
|  |  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  |  |  | Corporate and |  |  |
|  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Tasiast |  | Chirano |  | other (b), (c) |  | Total
Property, plant and equipment at: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2018 |  | $ | 363.3 |  | 433.9 |  | 513.5 |  | 1,585.8 |  | 39.5 |  | 418.4 |  | 1,591.6 |  | 232.2 |  | 340.9 |  | $ | 5,519.1
Total assets at: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2018 |  | $ | 590.1 |  | 583.9 |  | 686.1 |  | 1,832.8 |  | 126.6 |  | 1,054.9 |  | 1,940.6 |  | 334.0 |  | 914.8 |  | $ | 8,063.8
Capital expenditures for year ended December 31, 2018 (d) |  | $ | 95.1 |  | 196.5 |  | 161.1 |  | 96.0 |  | — |  | 63.6 |  | 454.7 |  | 25.5 |  | 5.8 |  | $ | 1,098.3
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-operating |  |  |
|  | Operating segments |  | segments (a) |  |  |
|  |  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  |  |  | Corporate and |  |  |
|  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Tasiast |  | Chirano |  | other (b), (c) |  | Total
Property, plant and equipment at: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2017 |  | $ | 354.1 |  | 286.2 |  | 422.2 |  | 1,383.1 |  | 39.5 |  | 474.7 |  | 1,296.0 |  | 332.6 |  | 298.8 |  | $ | 4,887.2
Total assets at: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2017 |  | $ | 559.1 |  | 460.2 |  | 612.2 |  | 1,646.5 |  | 171.3 |  | 1,164.5 |  | 1,580.3 |  | 516.4 |  | 1,446.7 |  | $ | 8,157.2
Capital expenditures for year ended December 31, 2017 (d) |  | $ | 110.2 |  | 97.1 |  | 90.4 |  | 121.6 |  | 1.4 |  | 54.1 |  | 434.5 |  | 46.0 | # | 5.0 |  | $ | 960.3
| (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 Kettle River - Buckhorn, La Coipa, Lobo-Marte and White Gold until its disposal on June 14, 2017).
| (c) |  | In 2017, the Kettle River - Buckhorn mine came to the end of its life and mining activities were completed. The Kettle River - Buckhorn segment has been reclassified to Corporate and other for 2018, as well as the 2017 comparative figures, for segment reporting purposes. Accordingly, Corporate and other includes metal sales and operating earnings (loss) of Kettle River - Buckhorn of $1.1 million and $(8.4) million, respectively (2017 - $96.3 million and $43.4 million, respectively).
| (d) |  | 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,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Geographic information (a) |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,214.4 |  | $ | 1,461.1 |  | $ | 1,315.6 |  | $ | 1,067.4
Russian Federation |  |  | 627.7 |  |  | 726.9 |  |  | 423.9 |  |  | 482.3
Brazil |  |  | 663.1 |  |  | 447.0 |  |  | 1,585.5 |  |  | 1,383.1
Chile |  |  | 113.6 |  |  | 52.0 |  |  | 358.2 |  |  | 308.8
Mauritania |  |  | 307.8 |  |  | 298.4 |  |  | 1,594.8 |  |  | 1,302.1
Ghana |  |  | 286.0 |  |  | 317.6 |  |  | 241.1 |  |  | 343.5
Canada |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 3,212.6 |  | $ | 3,303.0 |  | $ | 5,519.1 |  | $ | 4,887.2
| (a) |  | Geographic location is determined based on location of the mining assets.
Schedule of significant customers |
|  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  |  |  | Corporate |  |  |  |
Year ended December 31, 2018: |  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Tasiast |  | Chirano |  | and other |  | Total |
Customer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | $ | 38.4 |  | 96.2 |  | 70.4 |  | 46.2 |  | 18.1 |  | — |  | 119.4 |  | 116.4 |  | — |  |  | 505.1 |
2 |  |  | — |  | — |  | — |  | — |  | — |  | 376.3 |  | — |  | — |  | — |  |  | 376.3 |
3 |  |  | 56.1 |  | 38.8 |  | 19.8 |  | 75.3 |  | 38.7 |  | — |  | 75.5 |  | 56.6 |  | — |  |  | 360.8 |
4 |  |  | 17.5 |  | 5.6 |  | 3.6 |  | 186.4 |  | 5.5 |  | — |  | 62.0 |  | 71.3 |  | — |  |  | 351.9 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,594.1 |
% of total metal sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 49.6 | %
|  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  |  |  | Corporate |  |  |  |
Year ended December 31, 2017: |  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Maricunga |  | Kupol |  | Tasiast |  | Chirano |  | and other |  | Total |
Customer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | $ | — |  | — |  | — |  | — |  | — |  | 694.5 |  | — |  | — |  | — |  |  | 694.5 |
2 |  |  | 54.4 |  | 60.2 |  | 64.8 |  | 48.8 |  | 6.8 |  | 16.4 |  | 146.9 |  | 116.3 |  | 16.9 |  |  | 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 | %

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