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Mineral Properties, Plant and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2024
Property, plant and equipment [abstract] |
Disclosure of detailed information about property, plant and equipment | 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, 2024 |  |  |  |  |
Net of accumulated depreciation | $ | 2,412.5 |  | $ | 1,632.1 |  | $ | 632.2 |  | $ | 998.3 |  | $ | 5,675.1 |
Additions | 287.5 |  | 21.6 |  | 2.1 |  | 83.2 |  | 394.4 |
Net smelter return royalty acquired (Note 9) | — |  | — |  | 29.7 |  | — |  | 29.7 |
Disposals | (1.0) |  | (0.8) |  | — |  | (6.7) |  | (8.5) |
Disposition of subsidiaries (Note 9) | (103.7) |  | — |  | (117.0) |  | (2.5) |  | (223.2) |
Depreciation and amortization (1)(2) | (312.2) |  | (1.4) |  | — |  | (208.8) |  | (522.4) |
Depreciation charge captured in inventory | (41.0) |  | — |  | — |  | — |  | (41.0) |
Transfers | (131.4) |  | (26.3) |  | (36.7) |  | 194.4 |  | — |
Closure and decommissioning – changes in estimate (Note 18) | 21.0 |  | — |  | — |  | — |  | 21.0 |
As at December 31, 2024 | $ | 2,131.7 |  | $ | 1,625.2 |  | $ | 510.3 |  | $ | 1,057.9 |  | $ | 5,325.1 |
Cost as at December 31, 2024 | $ | 4,244.5 |  | $ | 2,496.7 |  | $ | 562.9 |  | $ | 2,192.4 |  | $ | 9,496.5 |
Accumulated depreciation and impairments | (2,112.8) |  | (871.5) |  | (52.6) |  | (1,134.5) |  | (4,171.4) |
Carrying value – December 31, 2024 | $ | 2,131.7 |  | $ | 1,625.2 |  | $ | 510.3 |  | $ | 1,057.9 |  | $ | 5,325.1 |
(1)Includes $1.4 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2024. (2)Excludes $50.7 million of depreciation and amortization related to the net realizable value adjustments on inventories (Note 12).
| Mining Properties |  |
| Depletable | Non-depletable |  |
| Reserves and Resources | Reserves and Resources | Exploration and Evaluation | Plant and Equipment | Total
Carrying value |  |  |  |  |
As at January 1, 2023 |  |  |  |  |
Net of accumulated depreciation | $ | 962.7 |  | $ | 442.2 |  | $ | 428.5 |  | $ | 393.0 |  | $ | 2,226.4 |
Additions | 315.5 |  | 21.0 |  | 25.2 |  | 71.5 |  | 433.2 |
Yamana acquisition (Note 8) | 1,474.1 |  | 2,667.8 |  | 205.4 |  | 707.1 |  | 5,054.4 |
Net smelter return royalties acquired (Note 9) | — |  | — |  | 101.1 |  | — |  | 101.1 |
Disposals | (1.4) |  | — |  | (0.1) |  | (6.5) |  | (8.0) |
Disposition of subsidiaries (Note 9) | — |  | (1,436.4) |  | (142.1) |  | — |  | (1,578.5) |
Depreciation and amortization (1) | (297.2) |  | (1.8) |  | — |  | (187.0) |  | (486.0) |
Depreciation charge captured in inventory | (0.2) |  | — |  | — |  | — |  | (0.2) |
Impairment charge (Note 15) | 10.3 |  | (42.4) |  | — |  | (46.5) |  | (78.6) |
Transfers | (62.6) |  | (18.3) |  | 14.2 |  | 66.7 |  | — |
Closure and decommissioning – changes in estimate (Note 18) | 11.3 |  | — |  | — |  | — |  | 11.3 |
As at December 31, 2023 | $ | 2,412.5 |  | $ | 1,632.1 |  | $ | 632.2 |  | $ | 998.3 |  | $ | 5,675.1 |
Cost as at December 31, 2023 | $ | 4,348.5 |  | $ | 2,531.4 |  | $ | 687.1 |  | $ | 2,052.6 |  | $ | 9,619.6 |
Accumulated depreciation and impairments | (1,936.0) |  | (899.3) |  | (54.9) |  | (1,054.3) |  | (3,944.5) |
Carrying value – December 31, 2023 | $ | 2,412.5 |  | $ | 1,632.1 |  | $ | 632.2 |  | $ | 998.3 |  | $ | 5,675.1 |
(1)Includes $1.8 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2023.
|  | December 31, 2024 | December 31, 2023
|  | Cost | Accumulated Depreciation and Impairment | Carrying Value | Cost | Accumulated Depreciation and Impairment | Carrying Value
Producing: |  |  |  |  |  |
Brazil | Jacobina | $ | 1,617.2 |  | $ | (200.1) |  | $ | 1,417.1 |  | $ | 1,539.1 |  | $ | (85.5) |  | $ | 1,453.6 |
Chile | El Peñon | 496.3 |  | (121.6) |  | 374.7 |  | 477.7 |  | (56.7) |  | 421.0 |
Minera Florida | 183.1 |  | (28.9) |  | 154.2 |  | 167.6 |  | (15.9) |  | 151.7 |
Peru | Huaron | 337.5 |  | (159.1) |  | 178.4 |  | 261.6 |  | (146.1) |  | 115.5 |
Shahuindo | 724.6 |  | (331.0) |  | 393.6 |  | 690.6 |  | (265.7) |  | 424.9 |
La Arena | — |  | — |  | — |  | 307.9 |  | (178.8) |  | 129.1 |
Mexico | La Colorada | 473.8 |  | (241.0) |  | 232.8 |  | 443.4 |  | (224.8) |  | 218.6 |
Dolores | 1,748.3 |  | (1,744.1) |  | 4.2 |  | 1,777.5 |  | (1,680.7) |  | 96.8 |
Argentina | Cerro Moro(1) | 161.8 |  | (61.1) |  | 100.7 |  | 142.5 |  | (22.9) |  | 119.6 |
Bolivia | San Vicente | 165.6 |  | (136.5) |  | 29.1 |  | 160.7 |  | (127.8) |  | 32.9 |
Canada | Timmins | 445.3 |  | (197.1) |  | 248.2 |  | 400.7 |  | (165.8) |  | 234.9 |
| Other | 83.4 |  | (26.9) |  | 56.5 |  | 31.9 |  | (19.6) |  | 12.3 |
|  | $ | 6,436.9 |  | $ | (3,247.4) |  | $ | 3,189.5 |  | $ | 6,401.2 |  | $ | (2,990.3) |  | $ | 3,410.9 |
Non-Producing: |  |  |  |  |  |
| Land | $ | 13.6 |  | $ | (1.0) |  | $ | 12.6 |  | $ | 14.4 |  | $ | (1.0) |  | $ | 13.4 |
Brazil | Jacobina | 952.4 |  | — |  | 952.4 |  | 982.6 |  | — |  | 982.6 |
Chile | El Peñon(2) | 227.7 |  | — |  | 227.7 |  | 227.7 |  | — |  | 227.7 |
Minera Florida | 28.9 |  | — |  | 28.9 |  | 28.9 |  | — |  | 28.9 |
La Pepa(2) | 49.7 |  | — |  | 49.7 |  | 49.7 |  | — |  | 49.7 |
Peru | La Arena | — |  | — |  | — |  | 117.0 |  | — |  | 117.0 |
Mexico | Minefinders | 77.2 |  | (37.5) |  | 39.7 |  | 77.2 |  | (37.5) |  | 39.7 |
La Colorada | 139.1 |  | — |  | 139.1 |  | 119.1 |  | — |  | 119.1 |
Argentina | Manantial Espejo(3) | 493.0 |  | (493.0) |  | — |  | 518.4 |  | (518.4) |  | — |
Navidad | 566.6 |  | (376.2) |  | 190.4 |  | 566.6 |  | (376.2) |  | 190.4 |
Guatemala | Escobal | 260.6 |  | (5.1) |  | 255.5 |  | 257.2 |  | (3.8) |  | 253.4 |
Canada | Timmins | 67.9 |  | — |  | 67.9 |  | 62.9 |  | — |  | 62.9 |
| Other(4)(5) | 182.9 |  | (11.2) |  | 171.7 |  | 196.8 |  | (17.4) |  | 179.4 |
|  | $ | 3,059.6 |  | $ | (924.0) |  | $ | 2,135.6 |  | $ | 3,218.5 |  | $ | (954.3) |  | $ | 2,264.2 |
Total |  | $ | 9,496.5 |  | $ | (4,171.4) |  | $ | 5,325.1 |  | $ | 9,619.7 |  | $ | (3,944.6) |  | $ | 5,675.1 |
(1)Includes a commitment to Sandstorm Gold Ltd. ("Sandstorm") to deliver, for 30% of the spot silver price, 20% of the silver produced by Cerro Moro up to a maximum of 1.2 million ounces annually until 7.0 million ounces have been delivered, after which the Company is committed to deliver to Sandstorm 9% of the remaining life of mine silver production for 30% of the spot silver price. As at December 31, 2024, the Company delivered 6.7 million ounces. (2)Includes net smelter royalty interests on the Jeronimo Project ($11.1 million) (2023: $11.1 million). (3)Manantial Espejo was placed on care and maintenance in January 2023. (4)Includes net smelter royalty interests on the MARA Project ($90.0 million) (2023: $90.0 million) . (5)Includes net smelter royalty interests on the La Arena II Project ($29.7 million) (2023: $nil)

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