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v3.21.1

CAPITAL AND FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended
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Dec. 31, 2020
Capital and financial risk management |
Schedule of target total debt to total debt and common shareholders' equity ratio |
|  | December 31, |  | December 31, |
|  | 2020 |  | 2019 |
Long-term debt and credit facilities |  | $ | 1,424.2 |  | $ | 1,837.4 |
Current portion of long-term debt and credit facilities |  |  | 499.7 |  |  | — |
Total debt |  | $ | 1,923.9 |  | $ | 1,837.4 |
Common shareholders' equity |  | $ | 6,596.5 |  | $ | 5,318.5 |
Total debt / total debt and common shareholders' equity ratio |  |  | 22.6 | % |  | 25.7 | %
Company target |  |  | 0 - 30 | % |  | 0 – 30 | %
Currency risk |
Capital and financial risk management |
Schedule of target total debt to total debt and common shareholders' equity ratio |
|  | 10% strengthening in |  | 10% weakening in
|  | U.S. dollar |  | U.S. dollar
|  | Effect on OCI before |  | Effect on OCI before
|  | taxes, (loss)(a) |  | taxes, gain(a)
Canadian dollar |  | $ | (3.6) |  | $ | 4.5
Brazilian real |  | $ | (10.1) |  | $ | 11.8
Russian rouble |  | $ | (4.8) |  | $ | 6.4
| (a) |  | Upon maturity of these contracts, the amounts in OCI before taxes will reverse against hedged items that the contracts relate to, which may be to earnings or property, plant and equipment.
Schedule of risk management |
|  |  |  |  | 10% strengthening in |  | 10% weakening in
|  |  |  |  | U.S. dollar |  | U.S. dollar
|  | Foreign currency net |  | Effect on earnings before |  | Effect on earnings before
|  | working capital |  | taxes, gain (loss)(a) |  | taxes, gain (loss)(a)
Canadian dollar |  | $ | (43.7) |  | $ | 4.0 |  | $ | (4.9)
Brazilian real |  | $ | (158.9) |  | $ | 14.4 |  | $ | (17.7)
Chilean peso |  | $ | (13.4) |  | $ | 1.2 |  | $ | (1.5)
Russian rouble |  | $ | 33.5 |  | $ | (3.0) |  | $ | 3.7
Mauritanian ouguiya |  | $ | 3.0 |  | $ | (0.3) |  | $ | 0.3
Ghanaian cedi |  | $ | 9.2 |  | $ | (0.8) |  | $ | 1.0
Other(b) |  | $ | (1.7) |  | $ | 0.2 |  | $ | (0.2)
| (a) |  | As described in Note 3ii, the Company translates its monetary assets and liabilities into U.S. dollars at the rates of exchange at the consolidated balance sheet dates. Gains and losses on translation of foreign currencies are included in earnings.
| (b) |  | Includes Euro, British pound, Australian dollar and South African rand.
Price Risk |
Capital and financial risk management |
Schedule of risk management |
|  | 10% increase in |  | 10% decrease in
|  | price |  | price
|  | Effect on OCI before |  | Effect on OCI before
|  | taxes, gain(a) |  | taxes, (loss)(a)
WTI oil |  | $ | 11.4 |  | $ | (11.3)
| (a) |  | Upon maturity of these contracts, the amounts in OCI before taxes will reverse against hedged items that the contracts relate to, which may be to earnings or property, plant and equipment.
Liquidity risk |
Capital and financial risk management |
Schedule of risk management |
|  |  |  |  | 2021 |  | 2022-2025 |  | 2026+
|  | Total |  | Within 1 year (b) |  | 2 to 5 years |  | More than 5 years
Long-term debt (a) |  | $ | 2,640.0 |  | $ | 604.5 |  | $ | 870.9 |  | $ | 1,164.6
| (a) |  | Includes the full face value of the senior notes , drawdowns on the revolving credit facility, Tasiast loan, and estimated interest.
| (b) |  | Represents interest on the senior notes, revolving credit facility and Tasiast loan, due within the next 12 months.

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