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Mineral Properties, Plant and Equipment | 12 Months Ended
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Dec. 31, 2021
Property, plant and equipment [abstract] |
Mineral Properties, Plant and Equipment | 11. MINERAL PROPERTIES, PLANT AND EQUIPMENT
Acquisition costs of investment and non-producing properties together with costs directly related to mine development expenditures are capitalized. Exploration expenditures on investment and non-producing properties are charged to expense in the period they are incurred. Capitalization of evaluation expenditures commences when there is a high degree of confidence in the project’s viability and hence it is probable that future economic benefits will flow to the Company. Evaluation expenditures, other than that acquired from the purchase of another mining company, are carried forward as an asset provided that such costs are expected to be recovered in full through successful development and exploration of the area of interest, or alternatively by its sale. Evaluation expenditures include delineation drilling, metallurgical evaluations, and geotechnical evaluations amongst others. Mineral properties, plant and equipment consist of:
| Mining Properties |  |
| Depletable | Non-depletable |  |
| Reserves and Resources | Reserves and Resources | Exploration and Evaluation | Plant and Equipment | Total
Carrying value |  |  |  |  |
As at January 1, 2021 |  |  |  |  |
Net of accumulated depreciation | $ | 996,745 |  | $ | 307,080 |  | $ | 431,650 |  | $ | 679,531 |  | $ | 2,415,006 |
Additions | 210,484 |  | 31,971 |  | 7,253 |  | 16,766 |  | 266,474 |
Disposals | (2,770) |  | — |  | (12,315) |  | (4,542) |  | (19,627) |
Depreciation and amortization (1) | (166,116) |  | (770) |  | — |  | (136,072) |  | (302,958) |
Depreciation charge captured in inventory | (21,249) |  | — |  | — |  | — |  | (21,249) |
Transfers | 90,571 |  | (9,522) |  | (93) |  | (80,956) |  | — |
Closure and decommissioning – changes in estimate (Note 15) | 6,905 |  |  |  |  | 6,905 |
As at December 31, 2021 | $ | 1,114,570 |  | $ | 328,759 |  | $ | 426,495 |  | $ | 474,727 |  | $ | 2,344,551 |
Cost as at December 31, 2021 | $ | 3,140,594 |  | $ | 343,705 |  | $ | 839,427 |  | $ | 1,288,392 |  | $ | 5,612,118 |
Accumulated depreciation and impairments | (2,026,024) |  | (14,946) |  | (412,932) |  | (813,665) |  | (3,267,567) |
Carrying value – December 31, 2021 | $ | 1,114,570 |  | $ | 328,759 |  | $ | 426,495 |  | $ | 474,727 |  | $ | 2,344,551 |
(1)Includes $nil of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2021.
| Mining Properties |  |
| Depletable | Non-depletable |  |
| Reserves and Resources | Reserves and Resources | Exploration and Evaluation | Plant and Equipment | Total
Carrying value |  |  |  |  |
As at January 1, 2020 |  |  |  |  |
Net of accumulated depreciation | $ | 950,752 |  | $ | 331,549 |  | $ | 450,926 |  | $ | 771,674 |  | $ | 2,504,901 |
Additions | 142,463 |  | 17,159 |  | 631 |  | 30,971 |  | 191,224 |
Disposals | (235) |  | (38) |  | (14,315) |  | (382) |  | (14,970) |
Depreciation and amortization (1) | (125,277) |  | (1,059) |  | — |  | (146,108) |  | (272,444) |
Depreciation charge captured in inventory | (29,618) |  | — |  | — |  | — |  | (29,618) |
Transfers | 22,747 |  | (40,531) |  | (5,592) |  | 23,376 |  | — |
Closure and decommissioning – changes in estimate (Note 15) | 35,913 |  | — |  | — |  | — |  | 35,913 |
As at December 31, 2020 | $ | 996,745 |  | $ | 307,080 |  | $ | 431,650 |  | $ | 679,531 |  | $ | 2,415,006 |
Cost as at December 31, 2020 | $ | 2,753,136 |  | $ | 321,639 |  | $ | 844,487 |  | $ | 1,461,678 |  | $ | 5,380,940 |
Accumulated depreciation and impairments | (1,756,391) |  | (14,559) |  | (412,837) |  | (782,147) |  | (2,965,934) |
Carrying value – December 31, 2020 | $ | 996,745 |  | $ | 307,080 |  | $ | 431,650 |  | $ | 679,531 |  | $ | 2,415,006 |
(1)Includes $18.0 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2020.
| December 31, 2021 | December 31, 2020
| Cost | Accumulated Depreciation and Impairment | Carrying Value | Cost | Accumulated Depreciation and Impairment | Carrying Value
Producing properties: |  |  |  |  |  |
Huaron, Peru | $ | 224,700 |  | $ | (141,902) |  | $ | 82,798 |  | $ | 218,270 |  | $ | (135,932) |  | $ | 82,338 |
Morococha, Peru | 277,105 |  | (188,821) |  | 88,284 |  | 267,705 |  | (175,844) |  | 91,861 |
Shahuindo, Peru | 590,096 |  | (132,727) |  | 457,369 |  | 546,643 |  | (86,855) |  | 459,788 |
La Arena, Peru | 208,306 |  | (105,006) |  | 103,300 |  | 170,401 |  | (66,313) |  | 104,088 |
La Colorada, Mexico | 355,471 |  | (185,684) |  | 169,787 |  | 308,378 |  | (164,443) |  | 143,935 |
Dolores, Mexico (1) | 1,738,040 |  | (1,350,908) |  | 387,132 |  | 1,709,105 |  | (1,228,492) |  | 480,613 |
Manantial Espejo, Argentina (2) | 518,931 |  | (500,244) |  | 18,687 |  | 513,626 |  | (485,036) |  | 28,590 |
San Vicente, Bolivia | 151,045 |  | (110,829) |  | 40,216 |  | 144,790 |  | (101,408) |  | 43,382 |
Timmins, Canada | 335,488 |  | (103,903) |  | 231,585 |  | 307,243 |  | (75,902) |  | 231,341 |
Other | 29,804 |  | (19,664) |  | 10,140 |  | 28,653 |  | (18,313) |  | 10,340 |
| $ | 4,428,986 |  | $ | (2,839,688) |  | $ | 1,589,298 |  | $ | 4,214,814 |  | $ | (2,538,538) |  | $ | 1,676,276 |
Non-Producing Properties: |  |  |  |  |  |
Land | $ | 6,373 |  | $ | (871) |  | $ | 5,502 |  | $ | 6,758 |  | $ | (1,254) |  | $ | 5,504 |
Navidad, Argentina (3) | 566,577 |  | (376,101) |  | 190,476 |  | 566,577 |  | (376,101) |  | 190,476 |
Escobal, Guatemala | 257,390 |  | (1,842) |  | 255,548 |  | 259,198 |  | (1,072) |  | 258,126 |
Timmins, Canada | 63,018 |  | — |  | 63,018 |  | 71,099 |  | — |  | 71,099 |
Shahuindo, Peru | 3,549 |  | — |  | 3,549 |  | 6,079 |  | — |  | 6,079 |
La Arena, Peru | 117,005 |  | — |  | 117,005 |  | 117,000 |  | — |  | 117,000 |
Minefinders, Mexico | 78,443 |  | (36,975) |  | 41,468 |  | 80,239 |  | (36,975) |  | 43,264 |
La Colorada, Mexico | 55,370 |  | — |  | 55,370 |  | 21,589 |  | — |  | 21,589 |
Morococha, Peru | 2,981 |  | — |  | 2,981 |  | 5,054 |  | — |  | 5,054 |
Other | 32,426 |  | (12,090) |  | 20,336 |  | 32,533 |  | (11,994) |  | 20,539 |
| $ | 1,183,132 |  | $ | (427,879) |  | $ | 755,253 |  | $ | 1,166,126 |  | $ | (427,396) |  | $ | 738,730 |
Total | $ | 5,612,118 |  | $ | (3,267,567) |  | $ | 2,344,551 |  | $ | 5,380,940 |  | $ | (2,965,934) |  | $ | 2,415,006 |
(1)Includes previously recorded impairment charges of $748.9 million at December 31, 2021 (2020 - $748.9 million). (2)Includes previously recorded impairment charges of $173.3 million at December 31, 2021 (2020 - $173.3 million). (3)Includes previously recorded impairment charges of $376.1 million at December 31, 2021 (2020 - $376.1 million).

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