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SEGMENTED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

SEGMENTED INFORMATION

Schedule of operating results by reportable segment

Operating segments

Non-operating segments^(a)

Round

Bald

Corporate and

Year ended December 31, 2024

Tasiast

Paracatu

La Coipa

Fort Knox^(b)

Mountain

Mountain

Great Bear

other^(c)

Total

Revenue

Metal sales

$

1,456.5

1,258.9

573.3

912.5

506.8

438.2

—

2.6

$

5,148.8

Cost of sales

Production cost of sales

415.4

548.6

231.3

452.5

328.3

220.3

—

0.7

2,197.1

Depreciation, depletion and amortization

357.1

189.3

118.3

140.9

193.2

143.0

0.5

5.2

1,147.5

Reversal of impairment charge

—

—

—

—

(74.1)

—

—

—

(74.1)

Total cost of sales

772.5

737.9

349.6

593.4

447.4

363.3

0.5

5.9

3,270.5

Gross profit (loss)

$

684.0

521.0

223.7

319.1

59.4

74.9

(0.5)

(3.3)

$

1,878.3

Other operating (income) expense

(21.6)

7.5

9.6

0.5

(9.7)

0.9

6.2

20.6

14.0

Exploration and business development

9.6

7.9

3.3

11.6

54.1

6.0

37.1

68.2

197.8

General and administrative

—

—

—

—

—

—

—

126.2

126.2

Operating earnings (loss)

$

696.0

505.6

210.8

307.0

15.0

68.0

(43.8)

(218.3)

$

1,540.3

Other income - net

14.3

Finance income

18.2

Finance expense

(91.4)

Earnings before tax

$

1,481.4

Capital expenditures for the year ended December 31, 2024^(d)

$

377.4

142.0

74.9

332.6

143.1

59.4

103.9

12.8

$

1,246.1


		Operating segments													Non-operating segments^(a)
											Round		Bald				Corporate and
Year ended December 31, 2023		Tasiast			Paracatu		La Coipa		Fort Knox^(b)		Mountain		Mountain		Great Bear		other^(c)		Total
Revenue
Metal sales		$	1,200.8		1,149.6		522.6		557.9		454.4		349.6		—		4.8		$	4,239.7
Cost of sales
Production cost of sales			406.8		538.6		182.8		343.5		357.7		223.5		—		1.5			2,054.4
Depreciation, depletion and amortization			244.4		186.6		187.8		96.8		157.2		107.8		0.5		5.7			986.8
Impairment charges			—		—		—		38.9		—		—		—		—			38.9
Total cost of sales			651.2		725.2		370.6		479.2		514.9		331.3		0.5		7.2			3,080.1
Gross profit (loss)		$	549.6		424.4		152.0		78.7		(60.5)		18.3		(0.5)		(2.4)		$	1,159.6
Other operating (income) expense			(3.9)		11.3		(8.2)		0.8		4.1		1.2		0.3		58.9			64.5
Exploration and business development			3.9		5.6		13.0		12.8		35.7		3.2		49.1		61.7			185.0
General and administrative			—		—		—		—		—		—		—		108.7			108.7
Operating earnings (loss)		$	549.6		407.5		147.2		65.1		(100.3)		13.9		(49.9)		(231.7)		$	801.4
Other expense - net																				(27.3)
Finance income																				40.5
Finance expense																				(106.0)
Earnings before tax																			$	708.6

Capital expenditures for the year ended December 31, 2023^(d)		$	375.8		182.3		87.6		419.7		31.1		141.1		92.7		2.6		$	1,332.9

Operating segments

Non-operating segments^(a)

Round

Bald

Corporate and

Tasiast

Paracatu

La Coipa

Fort Knox^(b)

Mountain

Mountain

Great Bear

other

Total

Property, plant and equipment at

December 31, 2024

$

2,305.5

1,600.1

359.9

1,079.6

396.3

168.9

1,595.2

463.1

$

7,968.6

Total assets at

December 31, 2024

$

3,059.0

2,028.1

511.1

1,649.7

688.5

423.9

1,596.4

908.9

$

10,865.6


		Operating segments													Non-operating segments^(a)
											Round		Bald				Corporate and
		Tasiast			Paracatu		La Coipa		Fort Knox^(b)		Mountain		Mountain		Great Bear		other		Total
Property, plant and equipment at
December 31, 2023		$	2,325.4		1,653.3		379.1		928.1		383.9		347.2		1,491.1		455.1		$	7,963.2

Total assets at
December 31, 2023		$	3,081.6		1,972.8		519.7		1,334.5		731.1		513.0		1,498.4		892.2		$	10,543.3

(a)

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

(b)

The Fort Knox segment includes Manh Choh, which was aggregated with Fort Knox during the year ended December 31, 2024. Comparative figures are presented in accordance with the current year’s presentation.

(c)

Corporate and other includes metal sales and operating (loss) income of Maricunga of $2.6 and $(8.6) million, respectively, for the year ended December 31, 2024 ($4.8 million and $0.4 million, respectively, for the year ended December 31, 2023). During the year ended December 31, 2024, Maricunga sold its remaining finished metals inventories after transitioning all processing activities to care and maintenance in 2019. Maricunga’s operating (loss) income includes net reclamation (expense) recovery of $(1.8) million for the year ended December 31, 2024 (year ended December 31, 2023 - $29.1 million). Corporate and other also includes insurance recoveries recognized in other operating expense of $22.0 million for the year ended December 31, 2024.

(d)

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.

Schedule of metal sales and plant and equipment by geographic region


		Metal Sales
		As at December 31,
		2024			2023
Geographic information^(a)
United States		$	1,857.5		$	1,361.9
Mauritania			1,456.5			1,200.8
Brazil			1,258.9			1,149.6
Chile			575.9			527.4
Total		$	5,148.8		$	4,239.7

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


		Property, Plant and Equipment
		As at December 31,
		2024			2023
Geographic information^(a)
Mauritania		$	2,313.1		$	2,335.1
United States			1,652.9			1,668.6
Brazil			1,604.3			1,658.8
Canada			1,599.5			1,495.9
Chile			798.8			804.8
Total		$	7,968.6		$	7,963.2

(a)

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

Schedule of significant customers

Round

Bald

Corporate and

Year ended December 31, 2024:

Tasiast

Paracatu

La Coipa

Fort Knox

Mountain

Mountain

other^(a)

Total

Customer

1

$

—

244.7

126.6

143.4

73.0

76.3

0.8

$

664.8

2

403.6

57.0

17.3

19.8

60.1

56.7

0.3

614.8

3

350.5

56.2

50.2

62.7

30.7

37.8

—

588.1

4

288.5

78.7

48.7

71.8

70.7

16.8

—

575.2

5

—

233.5

64.0

109.2

92.5

65.4

—

564.6

6

313.2

113.3

23.7

53.9

23.8

22.2

0.4

550.5

$

3,558.0

% of total metal sales

69.1

%



											Round		Bald		Corporate and
Year ended December 31, 2023:		Tasiast			Paracatu		La Coipa		Fort Knox		Mountain		Mountain		other^(a)			Total
Customer
1		$	353.9		85.9		24.8		43.7		46.8		38.6			1.1		$	594.8
2			155.2		163.2		27.7		100.3		66.8		80.2			0.5			593.9
3			203.1		96.6		100.9		66.9		37.3		39.3			1.1			545.2
4			—		134.5		132.0		64.2		65.8		60.2			0.3			457.0
5			249.5		77.4		12.1		39.5		60.3		14.2			—			453.0
																		$	2,643.9
% of total metal sales																			62.4	%

(a)	The Corporate and other segment includes metal sales for Maricunga for the year ended December 31, 2024 and 2023.