CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)

12 Months Ended

Dec. 31, 2022

CONSOLIDATED FINANCIAL STATEMENT DETAILS


	December 31,		December 31,
	2022		2021
Cash	$	269.8	$	386.8
Short-term deposits		148.3		144.7
	$	418.1	$	531.5

Schedule of restricted cash


	December 31,		December 31,
	2022		2021
Restricted cash^(a)	$	10.1	$	11.4

(a)	Includes loan escrow judicial deposits, environmental indemnity deposits, and $2.8 million related to the Tasiast loan. See Note 11iii for details of the Tasiast loan and cash restricted for future loan payments as at December 31, 2022.

Schedule of accounts receivable and other assets


	December 31,		December 31,
	2022		2021
Prepaid expenses	$	33.8	$	31.9
VAT receivable		90.9		79.5
Deposits		7.9		16.6
Deferred payment consideration^(a)		125.8		—
Other^(b)		59.8		86.5
	$	318.2	$	214.5

(a)	As at December 31, 2022, Deferred payment consideration includes $36.6 million and $89.2 million, respectively, related to the fair value of the deferred payment consideration in connection with the sale of the Company’s Russian and Chirano operations. See Note 6ii and 6iii.

(b)	As at December 31, 2022, Other includes $17.1 million (December 31, 2021 - $61.5 million) related to insurance recoveries for the 2021 Tasiast mill fire.

Schedule of inventories


	December 31,		December 31,
	2022		2021
Ore in stockpiles^(a)	$	360.4	$	250.7
Ore on leach pads^(b),(c)		643.2		589.1
In-process		82.5		111.4
Finished metal		62.0		64.0
Materials and supplies		320.8		459.9
		1,468.9		1,475.1
Long-term portion of ore in stockpiles and ore on leach pads^(a),(b),(c)		(396.7)		(323.8)
	$	1,072.2	$	1,151.3

(a)	Ore in stockpiles relates to the Company’s operating mines. Low-grade material not scheduled for processing within the next 12 months is included in other long-term assets. See Note 7vii.

(b)

Ore on leach pads relates to the Company’s Bald Mountain, Fort Knox,and Round Mountain mines. Based on current mine plans, the Company expects to place the last tonne of ore on its leach pads at Bald Mountain in 2024, Fort Knox in 2028 and Round Mountain in 2024. The last tonne of ore was placed on the Tasiast leach pads during 2020. Material not scheduled for processing within the next 12 months is included in other long-term assets. See Note 7vii.

(c)	During the years ended December 31, 2022 and 2021, impairment charges to inventories were recorded to reduce the carrying value of inventory to its net realizable value. See Note 8i.

Schedule of property, plant and equipment

Mineral Interests

Development and

Land, plant and

operating

Pre-development

equipment^(a)

properties^(b)

properties^(c)

Total

Cost

Balance at January 1, 2022

10,524.5

10,560.6

517.3

21,602.4

Additions

463.9

310.1

7.1

781.1

Acquisitions^(d)

0.6

—

1,367.8

1,368.4

Capitalized interest

17.9

18.9

29.7

66.5

Disposals^(e)

(1,496.0)

(2,825.9)

(356.0)

(4,677.9)

Transfers^(f)

—

161.8

(161.8)

—

Change in reclamation and remediation obligations

—

(6.4)

—

(6.4)

Other

4.3

3.5

(1.2)

6.6

Balance at December 31, 2022

9,515.2

8,222.6

1,402.9

19,140.7

Accumulated depreciation, depletion, amortization and impairment charges

Balance at January 1, 2022

(6,886.3)

(7,098.4)

—

(13,984.7)

Depreciation, depletion and amortization

(490.7)

(419.2)

—

(909.9)

Impairment charge^(g)

(115.1)

(128.1)

—

(243.2)

Disposals^(e)

1,326.6

2,411.9

—

3,738.5

Balance at December 31, 2022

(6,165.5)

(5,233.8)

—

(11,399.3)

Net book value

3,349.7

2,988.8

1,402.9

7,741.4

Amount included above as at December 31, 2022:

Assets under construction

338.4

311.2

—

649.6

Assets not being depreciated^(h)

593.5

734.8

1,402.9

2,731.2

(a)

Additions includes $14.8 million of “ROU” assets for lease arrangements entered into during the year ended December 31, 2022. Depreciation, depletion and amortization includes depreciation for leased ROU assets of $20.1 million during the year ended December 31, 2022. The net book value of property, plant and equipment includes leased ROU assets with an aggregate net book value of $48.9 million as at December 31, 2022.

(b)	As at December 31, 2022, the significant development and operating properties are Fort Knox, Round Mountain, Bald Mountain, Paracatu, Tasiast, La Coipa, Lobo-Marte and the Manh Choh project.

(c)	As at December 31, 2022, significant pre-development properties includes $1.4 billion for the Great Bear project.

(d)	On February 24, 2022, the Company acquired Great Bear. See Note 6i. Land, plant, and equipment acquired included $0.3 million of ROU assets.

(e)	On June 15, 2022, the Company announced that it had completed the sale of its Russian operations (see Note 6ii) and on August 10, 2022, the Company announced that it had completed the sale of its Chirano operations (see Note 6iii).

(f)	During the year ended December 31, 2022, the Manh Choh project was transferred from pre-development properties to development and operating properties upon demonstration of technical feasibility and commercial viability.

(g)	As at December 31, 2022, an impairment charge relating to property, plant and equipment at Round Mountain was recorded. See Note 8ii.

(h)	Assets not being depreciated relate to land, capitalized E&E costs, assets under construction, which relate to expansion projects, and other assets that are in various stages of being readied for use.


			Mineral Interests
			Development and
	Land, plant and		operating		Pre-development
	equipment^(a)		properties^(b)		properties^(c)		Total
Cost
Balance at January 1, 2021	$	10,190.0	$	10,136.2	$	465.3	$	20,791.5
Additions		501.2		434.5		46.8		982.5
Capitalized interest		25.0		19.8		3.5		48.3
Disposals		(59.6)		—		—		(59.6)
Derecognition^(d)		(134.4)		(14.1)		—		(148.5)
Change in reclamation and remediation obligations		—		(17.8)		0.1		(17.7)
Other		2.3		2.0		1.6		5.9
Balance at December 31, 2021		10,524.5		10,560.6		517.3		21,602.4

Accumulated depreciation, depletion, and amortization
Balance at January 1, 2021	$	(6,471.3)	$	(6,666.7)	$	—	$	(13,138.0)
Depreciation, depletion and amortization		(556.2)		(437.7)		—		(993.9)
Derecognition^(d)		90.8		8.4		—		99.2
Disposals		48.8		—		—		48.8
Other		1.6		(2.4)		—		(0.8)
Balance at December 31, 2021		(6,886.3)		(7,098.4)		—		(13,984.7)

Net book value	$	3,638.2	$	3,462.2	$	517.3	$	7,617.7

Amount included above as at December 31, 2021:

Assets under construction	$	399.9	$	326.5	$	65.2	$	791.6
Assets not being depreciated^(e)	$	646.5	$	661.0	$	517.3	$	1,824.8

(a)

Additions includes $10.2 million of ROU assets for lease arrangements entered into during the year ended December 31, 2021. Depreciation, depletion and amortization includes depreciation for leased ROU assets of $32.2 million during the year ended December 31, 2021. The net book value of property, plant and equipment includes leased ROU assets with an aggregate net book value of $54.2 million as at December 31, 2021.

(b)	As at December 31, 2021, the significant development and operating properties are Fort Knox, Round Mountain, Bald Mountain, Paracatu, Kupol, Tasiast, Chirano, La Coipa, and Lobo-Marte.

(c)	As at December 31, 2021, the significant pre-development properties are the Chulbatkan license area, including the Udinsk project, and the Manh Choh project.

(d)	During the year ended December 31, 2021, the Company derecognized property, plant and equipment related to the Vantage heap leach pad at Bald Mountain. See Note 8ii.

(e)	Assets not being depreciated relate to land, capitalized E&E costs, assets under construction, which relate to expansion projects, and other assets that are in various stages of being readied for use.

Schedule of long-term investments


	December 31, 2022				December 31, 2021
			Gains (losses) in				Gains (losses) in
	Fair value		AOCI^(a)		Fair value		AOCI^(a)
Investments in an accumulated gain position	$	55.0	$	3.2	$	12.4	$	0.7
Investments in an accumulated loss position		61.9		(70.0)		85.8		(49.3)
Net realized gains		—		7.6		—		2.9
	$	116.9	$	(59.2)	$	98.2	$	(45.7)

(a)	See note 7x for details of changes in fair values recognized in OCI during the years ended December 31, 2022 and 2021.

Schedule of other long-term assets


	December 31,		December 31,
	2022		2021
Long-term portion of ore in stockpiles and ore on leach pads^(a)	$	396.7	$	323.8
Deferred charges, net of amortization		6.8		7.3
Long-term receivables^(b)		143.7		110.8
Advances for the purchase of capital equipment		60.1		45.8
Restricted cash^(c)		25.0		25.0
Unrealized fair value of derivative assets^(d)		1.5		15.1
Investment in joint venture - Puren^(e)		6.1		7.1
Other		41.0		63.1
	$	680.9	$	598.0

(a)

Long-term portion of ore in stockpiles and ore on leach pads represents low-grade material not scheduled for processing within the next 12 months. As at December 31, 2022, long-term ore in stockpiles was at the Company’s Paracatu, Tasiast and La Coipa mines, and long-term ore on leach pads was at the Company’s Fort Knox mine.

(b)	As at December 31, 2022, Long-term receivables includes $31.6 million related to the fair value of the deferred payment consideration in connection with the sale of the Company’s Chirano operations. See Note 6iii.

(c)	See Note 11iii for details of the Tasiast loan and cash restricted for future loan payments as at December 31, 2022.

(d)	See Note 9i for details of the non-current portion of unrealized fair value of derivative assets.

(e)	The Company’s Puren joint venture investment is accounted for under the equity method. There are no publicly quoted market prices for Puren.

Schedule of accounts payable and accrued liabilities


	December 31,		December 31,
	2022		2021
Trade payables	$	119.1	$	87.8
Accrued liabilities^(a)		302.0		270.5
Employee related accrued liabilities		128.9		134.4
	$	550.0	$	492.7

(a)	Includes accrued interest payable of $41.9 million as at December 31, 2022 (year ended December 31, 2021 - $25.3 million). See Note 11v.

Schedule of other current liabilities


	December 31,		December 31,
	2022		2021
Current portion of lease liabilities^(a)	$	24.5	$	19.7
Current portion of unrealized fair value of derivative liabilities^(b)		0.8		4.0
	$	25.3	$	23.7

(a)	See Note 12 for details of the current portion of lease liabilities.

(b)	See Note 9i for details of the current portion of unrealized fair value of derivative liabilities.

Schedule of accumulated other comprehensive income (loss)


	Long-term		Derivative
	Investments		Contracts		Total
Balance at December 31, 2020	$	(25.9)	$	2.2	$	(23.7)
Other comprehensive income (loss) before tax		(19.8)		33.6		13.8
Tax		—		(8.9)		(8.9)
Balance at December 31, 2021	$	(45.7)	$	26.9	$	(18.8)
Other comprehensive income (loss) before tax		(13.5)		(12.0)		(25.5)
Tax		—		2.6		2.6
Balance at December 31, 2022	$	(59.2)	$	17.5	$	(41.7)

Schedule of other operating expense

Schedule of other income - net


	Years ended December 31,
	2022		2021
Insurance recoveries^(a)	$	79.8	$	91.1
Net losses on dispositions of assets		(14.3)		(9.8)
Other - net		(1.1)		2.3
	$	64.4	$	83.6

(a)

During the year ended December 31, 2022, the Company recognized $77.1 million of insurance recoveries related to the 2021 Tasiast mill fire (year ended December 31, 2021 - $90.0 million), of which $60.0 million was received by December 31, 2022 (year ended December 31, 2021 - $28.5 million).

Schedule of finance expense


	Years ended December 31,
	2022		2021
Accretion of reclamation and remediation obligations	$	(25.5)	$	(10.6)
Interest expense, including accretion of debt and lease liabilities^(a),(b)		(68.2)		(71.6)
	$	(93.7)	$	(82.2)

(a)	During the years ended December 31, 2022 and 2021, $66.5 million and $48.3 million, respectively, of interest was capitalized to property, plant and equipment. See Note 7v.

(b)	During the years ended December 31, 2022 and 2021, accretion of lease liabilities was $2.6 million and $3.8 million, respectively.

Schedule of employee benefits expenses


	Years ended December 31,
	2022		2021
Salaries, short-term incentives, and other benefits	$	602.5	$	563.5
Share-based payments		13.4		17.8
Other		30.7		12.4
	$	646.6	$	593.7

Years ended December 31,

Other operating expense