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SEGMENTED INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2020
SEGMENTED INFORMATION |
Schedule of operating results by reportable segment |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-operating |  |  |
|  | Operating segments |  | segments (a) |  |  |
|  |  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  | Corporate and |  |  |
Year ended December 31, 2020: |  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Kupol |  | Tasiast |  | Chirano |  | other (b),(c) |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales |  | $ | 422.9 |  | 565.5 |  | 330.5 |  | 960.7 |  | 904.6 |  | 718.0 |  | 295.1 |  | 16.1 |  | $ | 4,213.4
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production cost of sales |  |  | 251.3 |  | 219.6 |  | 155.9 |  | 358.9 |  | 304.5 |  | 235.7 |  | 196.1 |  | 3.7 |  |  | 1,725.7
Depreciation, depletion and amortization |  |  | 97.2 |  | 49.6 |  | 128.3 |  | 183.5 |  | 123.5 |  | 191.8 |  | 58.2 |  | 10.2 |  |  | 842.3
(Reversals of) impairment charges - net |  |  | — |  | — |  | — |  | — |  | 27.8 |  | (289.2) |  | (204.5) |  | (185.0) |  |  | (650.9)
Total cost of sales |  |  | 348.5 |  | 269.2 |  | 284.2 |  | 542.4 |  | 455.8 |  | 138.3 |  | 49.8 |  | (171.1) |  |  | 1,917.1
Gross profit |  | $ | 74.4 |  | 296.3 |  | 46.3 |  | 418.3 |  | 448.8 |  | 579.7 |  | 245.3 |  | 187.2 |  | $ | 2,296.3
Other operating expense (income) |  |  | 2.6 |  | 3.9 |  | 5.2 |  | 11.3 |  | 32.5 |  | 73.4 |  | (2.2) |  | 59.8 |  |  | 186.5
Exploration and business development |  |  | 4.8 |  | 5.6 |  | 6.5 |  | — |  | 5.8 |  | 2.0 |  | 9.4 |  | 58.4 |  |  | 92.5
General and administrative |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 117.9 |  |  | 117.9
Operating earnings (loss) |  | $ | 67.0 |  | 286.8 |  | 34.6 |  | 407.0 |  | 410.5 |  | 504.3 |  | 238.1 |  | (48.9) |  | $ | 1,899.4
Other income - net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7.4
Finance income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.3
Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (112.6)
Earnings before tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,798.5
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-operating |  |  |
|  | Operating segments |  | segments(a) |  |  |
|  |  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  | Corporate and |  |  |
Year ended December 31, 2019: |  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Kupol |  | Tasiast |  | Chirano |  | other(b),(c) |  | Total
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metal sales |  | $ | 279.6 |  | 502.2 |  | 249.2 |  | 856.3 |  | 734.4 |  | 532.8 |  | 281.6 |  | 61.2 |  | $ | 3,497.3
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production cost of sales |  |  | 213.7 |  | 250.6 |  | 136.6 |  | 412.3 |  | 314.1 |  | 230.4 |  | 189.7 |  | 31.5 |  |  | 1,778.9
Depreciation, depletion and amortization |  |  | 90.3 |  | 39.8 |  | 79.5 |  | 163.4 |  | 125.1 |  | 130.2 |  | 92.6 |  | 10.4 |  |  | 731.3
Reversal of impairment charges |  |  | — |  | — |  | — |  | (200.7) |  | — |  | (161.1) |  | — |  | — |  |  | (361.8)
Total cost of sales |  |  | 304.0 |  | 290.4 |  | 216.1 |  | 375.0 |  | 439.2 |  | 199.5 |  | 282.3 |  | 41.9 |  |  | 2,148.4
Gross profit (loss) |  | $ | (24.4) |  | 211.8 |  | 33.1 |  | 481.3 |  | 295.2 |  | 333.3 |  | (0.7) |  | 19.3 |  | $ | 1,348.9
Other operating expense (income) |  |  | 25.1 |  | (0.3) |  | 7.8 |  | (10.9) |  | (8.9) |  | 46.4 |  | (0.9) |  | 50.2 |  |  | 108.5
Exploration and business development |  |  | 3.4 |  | 4.8 |  | 12.6 |  | — |  | 23.0 |  | 1.8 |  | 8.0 |  | 59.9 |  |  | 113.5
General and administrative |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 135.8 |  |  | 135.8
Operating earnings (loss) |  | $ | (52.9) |  | 207.3 |  | 12.7 |  | 492.2 |  | 281.1 |  | 285.1 |  | (7.8) |  | (226.6) |  | $ | 991.1
Other income - net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 72.7
Finance income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7.9
Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (107.9)
Earnings before tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 963.8
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-operating |  |  |
|  | Operating segments |  | segments(a) |  |  |
|  |  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  | Corporate and |  |  |
|  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Kupol |  | Tasiast |  | Chirano |  | other(b),(C) |  | Total
Property, plant and equipment at: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2020 |  | $ | 488.7 |  | 774.6 |  | 635.7 |  | 1,718.8 |  | 271.2 |  | 2,277.3 |  | 332.7 |  | 1,154.5 |  | $ | 7,653.5
Total assets at: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2020 |  | $ | 719.7 |  | 1,028.0 |  | 857.1 |  | 2,226.3 |  | 896.9 |  | 2,699.8 |  | 429.8 |  | 2,075.6 |  | $ | 10,933.2
Capital expenditures for year ended December 31, 2020 (d) |  | $ | 150.1 |  | 180.6 |  | 129.1 |  | 161.3 |  | 32.9 |  | 302.2 |  | 23.4 |  | 82.3 |  | $ | 1,061.9
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-operating |  |  |
|  | Operating segments |  | segments (a) |  |  |
|  |  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  | Corporate and |  |  |
|  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Kupol |  | Tasiast |  | Chirano |  | other(b),(c) |  | Total
Property, plant and equipment at: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  | $ | 421.1 |  | 653.7 |  | 685.1 |  | 1,748.1 |  | 332.8 |  | 1,924.8 |  | 152.9 |  | 421.5 |  | $ | 6,340.0
Total assets at: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  | $ | 633.2 |  | 846.8 |  | 862.5 |  | 2,024.0 |  | 1,053.4 |  | 2,312.5 |  | 255.0 |  | 1,088.6 |  | $ | 9,076.0
Capital expenditures for year ended December 31, 2019 (d) |  | $ | 149.3 |  | 241.5 |  | 249.3 |  | 113.5 |  | 39.7 |  | 370.5 |  | 16.4 |  | 27.1 |  | $ | 1,207.3
(a)Non-operating segments include development and pre-development properties. (b)Corporate and other includes corporate, shutdown and other non-operating assets (including Chulbatkan, Kettle River-Buckhorn, La Coipa, Lobo-Marte, Maricunga, and Peak). (c)The Company suspended mining and crushing activities at Maricunga in the third quarter of 2016, however there was continued production through 2019 as ounces continued to be recovered from heap leach pads until the fourth quarter of 2019 when all processing activities transitioned to care and maintenance. As such the Maricunga segment was reclassified as non-operating within the Corporate and other segment in 2020. Accordingly, Corporate and other includes metal sales and operating (losses) earnings of Maricunga of $16.1 million and $(12.5) million, respectively, for the year ended December 31, 2020 ($61.2 million and $10.9 million, respectively, for the year ended December 31, 2019) as Maricunga continues to sell its remaining finished metals inventories. (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,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Geographic information (a) |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,318.9 |  | $ | 1,031.0 |  | $ | 2,043.7 |  | $ | 1,765.0
Russian Federation |  |  | 904.6 |  |  | 734.4 |  |  | 604.0 |  |  | 337.4
Brazil |  |  | 960.7 |  |  | 856.3 |  |  | 1,721.5 |  |  | 1,749.3
Chile |  |  | 16.1 |  |  | 61.2 |  |  | 653.5 |  |  | 394.1
Mauritania |  |  | 718.0 |  |  | 532.8 |  |  | 2,289.2 |  |  | 1,932.4
Ghana |  |  | 295.1 |  |  | 281.6 |  |  | 341.6 |  |  | 161.8
Total |  | $ | 4,213.4 |  | $ | 3,497.3 |  | $ | 7,653.5 |  | $ | 6,340.0
| (a) |  | Geographic location is determined based on location of the mining assets.
Schedule of significant customers |
|  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  | Corporate |  |  |  |
Year ended December 31, 2020: |  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Kupol |  | Tasiast |  | Chirano |  | and other (a) |  | Total |
Customer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | $ | 36.1 |  | 83.7 |  | 48.3 |  | 109.4 |  | 100.6 |  | 233.1 |  | 36.8 |  | 0.6 |  |  | 648.6 |
2 |  |  | 17.6 |  | 22.9 |  | 14.9 |  | 54.3 |  | 225.5 |  | 109.3 |  | 54.0 |  | — |  |  | 498.5 |
3 |  |  | 73.1 |  | 81.6 |  | 43.7 |  | 121.5 |  | — |  | 45.0 |  | 61.9 |  | 1.7 |  |  | 428.5 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,575.6 |
% of total metal sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 37.4 | %
| (a) |  | The Corporate and other segment includes metal sales for Maricunga for the year ended December 31, 2020.
|  |  |  | Round |  | Bald |  |  |  |  |  |  |  |  |  | Corporate |  |  |  |
Year ended December 31, 2019: |  | Fort Knox |  | Mountain |  | Mountain |  | Paracatu |  | Kupol |  | Tasiast |  | Chirano |  | and other (a) |  | Total |
Customer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1 |  | $ | 11.3 |  | 56.3 |  | 17.0 |  | 59.4 |  | 145.4 |  | 175.5 |  | 51.7 |  | 0.7 |  |  | 517.3 |
2 |  |  | 31.5 |  | 49.0 |  | 40.4 |  | 76.8 |  | 55.8 |  | 78.5 |  | 57.8 |  | 8.0 |  |  | 397.8 |
3 |  |  | 24.2 |  | 14.5 |  | 16.7 |  | 181.1 |  | — |  | 66.6 |  | 47.8 |  | 4.1 |  |  | 355.0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,270.1 |
% of total metal sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 36.3 | %
| (a) |  | The Corporate and other segment includes metal sales for Maricunga for the year ended December 31, 2019.

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