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Production Costs | 12 Months Ended
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Dec. 31, 2024
Analysis of income and expense [abstract] |
Production Costs | 23. PRODUCTION COSTS
Production costs are comprised of the following:
| 2024 | 2023
Materials and consumables | $ | 604.7 |  | $ | 539.0 |
Salaries and employee benefits (1) | 531.1 |  | 471.7 |
Contractors | 392.5 |  | 341.2 |
Utilities | 75.0 |  | 65.8 |
Insurance | 21.1 |  | 22.6 |
Other expense | 52.9 |  | 31.6 |
Changes in inventories (2)(3) | (43.5) |  | 7.3 |
| $ | 1,633.8 |  | $ | 1,479.2 |
(1)Salaries and employee benefits are comprised of:
| 2024 | 2023
Wages, salaries and bonuses | $ | 589.6 |  | $ | 536.6 |
Share-based compensation | 0.4 |  | 5.5 |
Total employee compensation and benefit expenses | 590.0 |  | 542.1 |
Less: Expensed within General and Administrative expenses | (45.8) |  | (38.8) |
Less: Expensed within Mine Care and Maintenance expenses | (10.1) |  | (26.8) |
Less: Expensed within Exploration expenses | (3.0) |  | (4.8) |
Employee compensation and benefits expenses included in production costs | $ | 531.1 |  | $ | 471.7 |
(2)Includes NRV adjustments to inventories to increase production costs by $20.6 million for the year ended December 31, 2024 (2023 - decrease by $31.8 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).

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