CAPITAL AND FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

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.