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LONG-TERM DEBT AND CREDIT FACILITIES (Tables) | 12 Months Ended
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Dec. 31, 2023
LONG-TERM DEBT AND CREDIT FACILITIES |
Schedule of long-term debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | December 31, 2023 | ​ | December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Deferred | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Nominal | ​ | Financing | ​ | Carrying | ​ | Fair | ​ | Carrying | ​ | Fair
​ |  | ​ | Interest Rates |  | Amount |  | Costs(a) |  | Amount |  | Value(b) |  | Amount(a) |  | Value(b)
Senior notes | ​ | ​ | (i) 4.50%-6.875% | ​ | $ | 1,242.6 | ​ | $ | (9.1) | ​ | $ | 1,233.5 | ​ | $ | 1,272.3 | ​ | $ | 1,243.4 | ​ | $ | 1,215.7
Revolving credit facility | ​ | ​ | (ii) SOFR plus 1.45% | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 200.0 | ​ | ​ | 200.0
Term loan | ​ | ​ | (ii) SOFR plus 1.25% | ​ | ​ | 1,000.0 | ​ | ​ | (0.9) | ​ | ​ | 999.1 | ​ | ​ | 1,000.0 | ​ | ​ | 998.2 | ​ | ​ | 1,000.0
Tasiast loan | ​ | ​ | (iii) LIBOR plus 4.38% | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 151.3 | ​ | ​ | 160.0
Total long-term and current debt | ​ | ​ | ​ | ​ | $ | 2,242.6 | ​ | $ | (10.0) | ​ | $ | 2,232.6 | ​ | $ | 2,272.3 | ​ | $ | 2,592.9 | ​ | $ | 2,575.7
Less: current portion | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (36.0) | ​ | ​ | —
Long-term debt and credit facility | ​ | ​ | ​ | ​ | $ | 2,242.6 | ​ | $ | (10.0) | ​ | $ | 2,232.6 | ​ | $ | 2,272.3 | ​ | $ | 2,556.9 | ​ | $ | 2,575.7
​
(a) | Includes transaction costs on the senior notes and term loan.
(b) | The fair value of the senior notes is primarily determined using quoted market determined variables. See Note 9iii.
​
Schedule of scheduled debt repayments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2029 and | ​ | ​ | ​
​ |  | ​ | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | thereafter |  | Total
Senior notes | ​ | (i) | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 500.0 | ​ | $ | — | ​ | $ | 750.0 | ​ | $ | 1,250.0
Term Loan | ​ | (ii) | ​ | — | ​ | ​ | 1,000.0 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,000.0
Total debt payable | ​ | ​ | $ | — | ​ | $ | 1,000.0 | ​ | $ | — | ​ | $ | 500.0 | ​ | $ | — | ​ | $ | 750.0 | ​ | $ | 2,250.0
​
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 | ​ | ​ | ​ | 0.29 | %
Schedule of changes in liabilities arising from financing activities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total current | ​ | Lease | ​ | Accrued interest | ​ | ​ | ​
​ |  | and long-term debt |  | liabilities(a) |  | payable(b) |  | Total
Balance as at January 1, 2023 |  | $ | 2,592.9 |  | $ | 47.6 |  | $ | 41.9 |  | $ | 2,682.4
Changes from financing cash flows |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Debt issued |  | ​ | 588.1 |  | ​ | — |  | ​ | — |  | ​ | 588.1
Debt repayments |  | ​ | (960.0) |  | ​ | — |  | ​ | — |  | ​ | (960.0)
Interest paid |  | ​ | — |  | ​ | — |  | ​ | (53.2) |  | ​ | (53.2)
Payment of lease liabilities |  | ​ | — |  | ​ | (30.2) |  | ​ | — |  | ​ | (30.2)
​ |  | ​ | 2,221.0 |  | ​ | 17.4 |  | ​ | (11.3) |  | ​ | 2,227.1
Other changes |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Interest expense and accretion |  | $ | — |  | $ | 2.1 |  | $ | 66.9 |  | $ | 69.0
Capitalized interest |  | ​ | — |  | ​ | — |  | ​ | 108.9 |  | ​ | 108.9
Capitalized interest paid |  | ​ | — |  | ​ | — |  | ​ | (114.1) |  | ​ | (114.1)
Additions of lease liabilities |  | ​ | — |  | ​ | 7.9 |  | ​ | — |  | ​ | 7.9
Other |  | ​ | 11.6 |  | ​ | 0.2 |  | ​ | (14.1) |  | ​ | (2.3)
​ |  | ​ | 11.6 |  | ​ | 10.2 |  | ​ | 47.6 |  | ​ | 69.4
Balance as at December 31, 2023 |  | $ | 2,232.6 |  | $ | 27.6 |  | $ | 36.3 |  | $ | 2,296.5
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total current | ​ | Lease | ​ | Accrued interest | ​ | ​ | ​
​ |  | and long-term 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
​
(a) | See Note 12.
| (b) | Included in Accounts payable and accrued liabilities.

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