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Production Costs
12 Months Ended
Dec. 31, 2023
Analysis of income and expense [abstract]  
Production Costs
24. PRODUCTION COSTS
Production costs are comprised of the following: 
20232022
Materials and consumables$548.0 $414.3 
Salaries and employee benefits (1)
479.6 310.7 
Contractors346.2 232.1 
Utilities66.9 56.2 
Insurance23.0 17.2 
Other expense8.2 13.6 
Changes in inventories (2)(3)
7.3 50.3 
 $1,479.2 $1,094.4 
(1)Salaries and employee benefits are comprised of:
 20232022
Wages, salaries and bonuses$537.8 $328.4 
Severances (4)
21.0 23.9 
Share-based compensation5.5 3.9 
Total employee compensation and benefit expenses564.3 356.2 
Less: Expensed within General and Administrative expenses(47.7)(26.2)
Less: Expensed within Care and Maintenance expenses(26.8)(11.7)
Less: Expensed within Exploration expenses(10.2)(7.6)
Employee compensation and benefits expenses included in production costs$479.6 $310.7 
(2)Includes NRV adjustments to inventory to reduce production costs by $31.8 million for the year ended December 31, 2023 (2022 - increase by $97.7 million).
(3)Includes the sale of inventory with acquisition date fair value adjustments of $41.1 million for the year ended December 31, 2023 resulting from the Yamana Acquisition (Note 8).
(4)Includes $8.8 million, $3.3 million, $2.3 million, $2.9 million, $1.5 million, $1.1 million and $1.1 million of severances at Manantial Espejo, Dolores, La Colorada, El Peñon, Minera Florida, Cerro Moro and Jacobina respectively for the year ended December 31, 2023 (2022 - $23.9 million)