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SEGMENTED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

SEGMENTED INFORMATION

Schedule of operating results by reportable segment

Non-operating

Operating segments

segments^(a)

Round

Bald

Corporate and

Year ended December 31, 2022:

Fort Knox

Mountain

Mountain

Paracatu

Tasiast

La Coipa^(e)

Great Bear^(d)

other ^(b),(c)

Total

Revenue

Metal sales

$

521.7

407.3

386.0

1,021.5

935.0

177.9

—

5.7

$

3,455.1

Cost of sales

Production cost of sales

350.7

309.2

208.8

497.6

380.1

57.2

—

2.1

1,805.7

Depreciation, depletion and amortization

109.7

60.5

176.0

185.5

220.2

25.6

0.1

6.4

784.0

Impairment charges

—

350.0

—

—

—

—

—

—

350.0

Total cost of sales

460.4

719.7

384.8

683.1

600.3

82.8

0.1

8.5

2,939.7

Gross profit (loss)

$

61.3

(312.4)

1.2

338.4

334.7

95.1

(0.1)

(2.8)

$

515.4

Other operating (income) expense

(3.1)

5.2

2.0

5.6

30.3

7.7

1.5

64.6

113.8

Exploration and business development

5.5

10.0

4.8

1.9

4.9

5.6

60.1

61.3

154.1

General and administrative

—

—

—

—

—

—

—

129.8

129.8

Operating earnings (loss)

$

58.9

(327.6)

(5.6)

330.9

299.5

81.8

(61.7)

(258.5)

$

117.7

Other income - net

64.4

Finance income

18.3

Finance expense

(93.7)

Earnings from continuing operations before tax

$

106.7


															Non-operating
		Operating segments													segments^(a)
					Round		Bald										Corporate and
Year ended December 31, 2021:		Fort Knox			Mountain		Mountain		Paracatu		Tasiast		La Coipa^(e)		Great Bear^(d)		other^(b),(c)		Total
Revenue
Metal sales		$	473.3		466.6		352.1		987.9		314.7		—		—		5.0		$	2,599.6
Cost of sales															—
Production cost of sales			267.2		235.9		177.5		412.1		123.6		—		—		2.0			1,218.3
Depreciation, depletion and amortization			109.8		65.2		195.9		180.6		136.9		0.1		—		7.2			695.7
Impairment charges and asset derecognition			—		—		144.5		—		—		—		—		—			144.5
Total cost of sales			377.0		301.1		517.9		592.7		260.5		0.1		—		9.2			2,058.5
Gross profit (loss)		$	96.3		165.5		(165.8)		395.2		54.2		(0.1)		—		(4.2)		$	541.1
Other operating expense			0.7		51.3		1.7		9.9		116.9		6.9		—		79.0			266.4
Exploration and business development			3.7		5.6		7.2		0.9		4.3		1.4		—		65.1			88.2
General and administrative			—		—		—		—		—		—		—		114.4			114.4
Operating earnings (loss)		$	91.9		108.6		(174.7)		384.4		(67.0)		(8.4)		—		(262.7)		$	72.1
Other income - net																				83.6
Finance income																				10.8
Finance expense																				(82.2)
Earnings from continuing operations before tax																			$	84.3

Non-operating

Operating segments

segments^(a)

Round

Bald

Corporate and

Fort Knox

Mountain

Mountain

Paracatu

Tasiast

La Coipa^(e)

Great Bear^(d)

other^(b)

Total

Property, plant and equipment at:

December 31, 2022

$

424.1

588.7

305.8

1,623.1

2,269.2

487.5

1,397.1

645.9

$

7,741.4

Total assets at:

December 31, 2022

$

826.1

827.1

500.0

1,973.8

2,972.7

636.7

1,401.4

1,258.6

$

10,396.4

Capital expenditures for the year ended December 31, 2022^(f)

$

92.3

109.6

100.8

132.6

161.9

162.0

29.2

44.4

$

832.8


																				Non-operating
		Operating segments																		segments^(a)
					Round			Bald												Corporate and		Discontinued
		Fort Knox			Mountain			Mountain			Paracatu			Tasiast			La Coipa^(e)			other^(b)		operations^(g)		Total
Property, plant and equipment at:
December 31, 2021		$	429.5		$	829.3		$	392.4		$	1,665.2		$	2,406.4		$	364.7		608.7		921.5		$	7,617.7

Total assets at:
December 31, 2021		$	749.8		$	1,074.4		$	586.5		$	2,016.6		$	2,911.5		$	444.2		1,087.3		1,557.8		$	10,428.1

Capital expenditures for the year ended December 31, 2021^(f)		$	126.7		$	140.7		$	40.1		$	112.6		$	320.6		$	123.4		42.4		114.1		$	1,020.6

(a)

Non-operating segments include development and pre-development properties.

(b)

Corporate and other includes corporate, shutdown and other non-operating assets (including Kettle River-Buckhorn, Lobo-Marte, the Manh Choh project, and Maricunga).

(c)

Corporate and other includes metal sales and operating loss of Maricunga of $5.7 million and $40.0 million, respectively, for the year ended December 31, 2022 ($5.0 million and $17.8 million, respectively, for the year ended December 31, 2021) as Maricunga continues to sell its remaining finished metals inventories after transitioning all processing activities to care and maintenance in 2019. Maricunga’s operating loss includes net reclamation expense of $26.8 million for the year ended December 31, 2022 ($3.6 million for the year ended December 31, 2021).

(d)

On February 24, 2022, the Company acquired Great Bear. See note 6i.

(e)

La Coipa was determined to be a reportable segment as its operating earnings exceeded 10% of the total consolidated earnings for the year ended December 31, 2022.

(f)

Segment capital expenditures are presented on an accrual basis and include capitalized interest. Additions to property, plant and equipment in the consolidated statements of cash flows are presented on a cash basis.

(g)

Discontinued operations relate to the Company’s Russian operations and Chirano operations that were sold as at December 31, 2022. See Note 6ii and 6iii.

Schedule of metal sales and plant and equipment by geographic region


		Metal Sales
		As at December 31,
		2022			2021
Geographic information^(a)
United States		$	1,315.0		$	1,292.0
Brazil			1,021.5			987.9
Mauritania			935.0			314.7
Chile			183.6			5.0
Total		$	3,455.1		$	2,599.6

(a)	Geographic location is determined based on location of the mining assets.


		Property, Plant and Equipment
		As at December 31,
		2022			2021
Geographic information^(a)
Mauritania		$	2,280.6		$	2,419.9
Brazil			1,629.4			1,672.7
United States			1,518.6			1,818.5
Canada			1,402.5			—
Chile			910.3			779.9
Russian Federation^(b)			—			616.1
Ghana^(b)			—			310.6
Total		$	7,741.4		$	7,617.7

(a)

Geographic location is determined based on location of the mining assets.

(b)

On June 15, 2022, the Company announced that it had completed the sale of its Russian operations, which includes the Kupol and Dvoinoye mines and the Udinsk project (see Note 6ii). On August 10, 2022, the Company announced that it had completed the sale of its Chirano mine in Ghana (see Note 6iii).

Schedule of significant customers

Round

Bald

Corporate and

Year ended December 31, 2022:

Fort Knox

Mountain

Mountain

Paracatu

Tasiast

La Coipa

other^(a)

Total

Customer

1

$

41.0

108.1

91.7

243.6

—

48.9

1.6

534.9

2

43.5

55.5

41.8

150.6

211.1

18.7

0.6

521.8

3

35.9

20.5

30.3

60.6

293.2

2.3

0.6

443.4

4

95.5

17.3

32.0

117.9

112.5

36.4

—

411.6

5

48.7

31.0

15.8

64.8

196.3

44.1

0.6

401.3

$

2,313.0

% of total metal sales

66.9

%



					Round		Bald						Corporate and
Year ended December 31, 2021:		Fort Knox			Mountain		Mountain		Paracatu		Tasiast		other ^(a)		Total
Customer
1		$	95.3		83.2		38.2		180.2		—		0.9			397.8
2			63.1		22.5		44.4		112.4		108.3		—			350.7
3			27.4		40.1		41.2		128.6		55.1		0.4			292.8
4			29.9		59.9		51.5		72.7		63.7		1.2			278.9
5			94.2		61.6		26.5		88.9		—		—			271.2
															$	1,591.4
% of total metal sales																61.2	%

(a)	The Corporate and other segment includes metal sales for Maricunga for the year ended December 31, 2022 and 2021.