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LONG-TERM DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2022

LONG-TERM DEBT AND CREDIT FACILITIES

Schedule of long-term debt


					December 31, 2022												December 31, 2021
								Deferred
					Nominal			Financing			Carrying			Fair			Carrying			Fair
			Interest Rates		Amount			Costs			Amount^(a)			Value^(b)			Amount^(a)			Value^(b)
Senior notes			(i) 4.50%-6.875%		$	1,248.4		$	(5.0)		$	1,243.4		$	1,215.7		$	1,241.9		$	1,432.7
Revolving credit facility			(ii) SOFR plus 1.45%			200.0			—			200.0			200.0			200.0			200.0
Term loan			(ii) SOFR plus 1.25%			1,000.0			(1.8)			998.2			1,000.0			—			—
Tasiast loan			(iii) LIBOR plus 4.38%			160.0			(8.7)			151.3			160.0			188.0			200.0
Total long-term and current debt					$	2,608.4		$	(15.5)		$	2,592.9		$	2,575.7		$	1,629.9		$	1,832.7
Less: current portion						(36.0)			—			(36.0)			—			(40.0)			—
Long-term debt and credit facility					$	2,572.4		$	(15.5)		$	2,556.9		$	2,575.7		$	1,589.9		$	1,832.7

(a)	Includes transaction costs on senior notes, term loan and Tasiast loan financings.

(b)	The fair value of senior notes is primarily determined using quoted market determined variables. See Note 9 (iii).

Schedule of scheduled debt repayments


																		2028 and
			2023			2024			2025			2026			2027			thereafter			Total
Senior notes		(i)	$	—		$	500.0		$	—		$	—		$	500.0		$	250.0		$	1,250.0
Revolving credit facility		(ii)		—			—			—			—			200.0			—			200.0
Term Loan		(ii)		—			—			1,000.0			—			—			—			1,000.0
Tasiast loan		(iii)		36.0			32.0			4.0			16.0			72.0			—			160.0
Total debt payable			$	36.0		$	532.0		$	1,004.0		$	16.0		$	772.0		$	250.0		$	2,610.0

Schedule of interest charges and fees


Type of credit
Revolving credit facility		SOFR plus		1.45	%
Term loan		SOFR plus		1.25	%
Letters of credit		0.967	-	1.45	%
Standby fee applicable to unused availability				0.290	%

Schedule of changes in liabilities arising from financing activities

Total long-term

Lease

Accrued interest

and current debt

liabilities^(a)

payable^(b)

Total

Balance as at January 1, 2022

$

1,629.9

$

54.8

$

25.3

$

1,710.0

Changes from financing cash flows

Debt issued

1,297.6

—

—

1,297.6

Debt repayments

(340.0)

—

—

(340.0)

Interest paid

—

—

(52.4)

(52.4)

Payment of lease liabilities

—

(23.2)

—

(23.2)

2,587.5

31.6

(27.1)

2,592.0

Other changes

Interest expense and accretion

$

—

$

2.6

$

65.6

68.2

Capitalized interest

—

—

66.5

66.5

Capitalized interest paid

—

—

(43.7)

(43.7)

Additions of lease liabilities

—

14.8

—

14.8

Other

5.4

(1.4)

(19.4)

(15.4)

5.4

16.0

69.0

90.4

Balance as at December 31, 2022

$

2,592.9

$

47.6

$

41.9

$

2,682.4


		Total long-term			Lease			Accrued interest
		and current debt			liabilities^(a)			payable^(b)			Total
Balance as at January 1, 2021		$	1,923.9		$	74.7		$	33.7		$	2,032.3
Changes from financing cash flows
Debt issued			200.0			—			—			200.0
Debt repayments			(500.0)			—			—			(500.0)
Interest paid			—			—			(46.9)			(46.9)
Payment of lease liabilities			—			(33.8)			—			(33.8)
			1,623.9			40.9			(13.2)			1,651.6
Other changes
Interest expense and accretion		$	—		$	3.8		$	67.7		$	71.5
Capitalized interest			—			—			48.3			48.3
Capitalized interest paid			—			—			(51.1)			(51.1)
Additions of lease liabilities			—			10.2			—			10.2
Other			6.0			(0.1)			(26.4)			(20.5)
			6.0			13.9			38.5			58.4
Balance as at December 31, 2021		$	1,629.9		$	54.8		$	25.3		$	1,710.0

(a)	See Note 12.

(b)	Included in Accounts payable and accrued liabilities.