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INCOME TAX EXPENSE (Tables) | 12 Months Ended
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Dec. 31, 2023
INCOME TAX EXPENSE |
Schedule of components of the current and deferred tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
​ |  | 2023 |  | 2022
Current tax expense |  | ​ |  |  | ​ |
Current period | ​ | $ | 149.0 | ​ | $ | 132.4
Settlement or adjustment for prior periods | ​ |  | 0.3 | ​ |  | (0.1)
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax expense | ​ |  |  | ​ |  |
Origination and reversal of temporary differences | ​ |  | 113.7 | ​ |  | (77.5)
Change in unrecognized deferred tax assets from impairment charges | ​ | ​ | 8.8 | ​ | ​ | 32.9
Change in unrecognized deferred tax assets | ​ |  | 21.4 | ​ |  | (11.6)
Total tax expense | ​ | $ | 293.2 | ​ | $ | 76.1
​
Schedule of reconciliation of the combined Canadian federal and provincial statutory income tax rate to the effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Years ended December 31, | ​
​ | ​ | ​ | 2023 |  | ​ | 2022 | ​
Earnings before income tax | ​ | $ | 708.6 | ​ | $ | 106.7 | ​
Statutory Rate | ​ | ​ | 26.5 | % | ​ | 26.5 | %
Expected income tax expense | ​ | $ | 187.8 | ​ | $ | 28.3 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Increase (decrease) resulting from: |  | ​ |  |  | ​ |  | ​
Difference in foreign tax rates and foreign exchange on deferred income taxes within income tax expense |  | ​ | 51.0 | ​ | ​ | 18.6 | ​
Accounting expenses not deductible for tax | ​ | ​ | 19.2 | ​ | ​ | 20.5 | ​
Accounting income not subject to tax | ​ | ​ | (0.3) | ​ | ​ | (3.8) | ​
Change in unrecognized deferred tax assets | ​ | ​ | 21.4 | ​ | ​ | (11.6) | ​
Change in unrecognized deferred tax assets from impairment charges | ​ | ​ | 8.8 | ​ | ​ | 32.9 | ​
Mining and state taxes | ​ | ​ | 6.2 | ​ | ​ | (3.9) | ​
Percentage of depletion | ​ | ​ | (12.9) | ​ | ​ | (5.3) | ​
Recovery from repatriation of foreign earnings | ​ | ​ | (18.2) | ​ | ​ | (1.0) | ​
True-up of prior provisions to tax filings |  | ​ | 3.6 | ​ | ​ | 2.2 | ​
Change in income tax related uncertain tax positions | ​ | ​ | 22.3 | ​ | ​ | 0.8 | ​
Other |  | ​ | 4.3 | ​ | ​ | (1.6) | ​
Income tax expense |  | $ | 293.2 | ​ | $ | 76.1 | ​
​
Schedule of summary of the components of deferred income tax and movement in net deferred tax liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2023 | ​ | 2022
Deferred tax assets |  | ​ |  |  | ​ |
Accrued expenses and other | ​ | $ | 63.5 | ​ | $ | 103.6
Property, plant and equipment | ​ |  | 5.8 | ​ |  | 0.4
Reclamation and remediation obligations | ​ |  | 105.9 | ​ |  | 74.2
Losses | ​ |  | 8.0 | ​ | ​ | 74.9
​ | ​ |  | 183.2 | ​ |  | 253.1
Deferred tax liabilities | ​ |  |  | ​ |  |
Accrued expenses and other | ​ |  | 2.6 | ​ |  | 0.5
Property, plant and equipment | ​ |  | 581.1 | ​ |  | 507.5
Inventory capitalization | ​ |  | 36.7 | ​ |  | 42.0
​ | ​ | $ | 620.4 | ​ | $ | 550.0
Deferred tax liabilities - net | ​ | $ | 437.2 | ​ | $ | 296.9
Schedule of unrecognized deferred tax assets and company's non-capital losses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2023 | ​ | 2022
Balance at the beginning of the period | ​ | $ | 296.9 | ​ | $ | 430.3
Recognized in the statement of operations | ​ |  | 143.9 | ​ |  | (56.2)
Recognized in OCI | ​ |  | (3.6) | ​ |  | (2.6)
Discontinued operations | ​ |  | — | ​ |  | (74.6)
Balance at the end of the period | ​ | $ | 437.2 | ​ | $ | 296.9
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2023 | ​ | 2022
Deductible temporary differences | ​ | $ | 736.7 | ​ | $ | 680.7
Tax losses | ​ | $ | 469.6 | ​ | $ | 418.9
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Country |  | Type |  | Amount |  | Expiry Date
Canada |  | Net operating losses | ​ | $ | 1,344.8 |  | 2027 - 2043
United States(a) |  | Net operating losses | ​ |  | 254.4 |  | 2024 - 2026 & No expiry
Chile |  | Net operating losses | ​ |  | 131.6 |  | No expiry
Brazil | ​ | Net operating losses | ​ | ​ | 4.9 | ​ | No expiry
Mauritania | ​ | Net operating losses | ​ | ​ | 5.3 | ​ | 2024-2028
Barbados | ​ | Net operating losses | ​ | ​ | 42.1 | ​ | 2024-2030
Luxembourg |  | Net operating losses | ​ |  | 61.4 |  | Various
Other |  | Net operating losses | ​ |  | 50.2 |  | Various

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- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2023-01-01 -Paragraph 81 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2023-en-r&anchor=para_81_g&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The disclosure of detailed information about reconciliation using percentage or amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
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- Definition The disclosure of detailed information about components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References No definition available. + Details
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