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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2023
Property, plant and equipment [abstract] |
Property, Plant and Equipment | 17. Property, Plant and Equipment
(CAD$ in millions) |  | Exploration and Evaluation |  | Mineral Properties |  | Land, Buildings, Plant and Equipment |  | Capitalized Production Stripping Costs |  | Construction In Progress |  | Total
At January 1, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  | $ | 944 |  |  | $ | 21,362 |  |  | $ | 18,716 |  |  | $ | 7,334 |  |  | $ | 9,931 |  |  | $ | 58,287 |
Accumulated depreciation |  | — |  |  | (6,681) |  |  | (9,578) |  |  | (4,646) |  |  | — |  |  | (20,905) |
Net book value |  | $ | 944 |  |  | $ | 14,681 |  |  | $ | 9,138 |  |  | $ | 2,688 |  |  | $ | 9,931 |  |  | $ | 37,382 |
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Opening net book value |  | $ | 944 |  |  | $ | 14,681 |  |  | $ | 9,138 |  |  | $ | 2,688 |  |  | $ | 9,931 |  |  | $ | 37,382 |
Additions |  | 102 |  |  | — |  |  | 389 |  |  | 1,138 |  |  | 4,964 |  |  | 6,593 |
Disposals |  | — |  |  | — |  |  | (25) |  |  | — |  |  | (5) |  |  | (30) |
Asset impairment |  | (37) |  |  | (247) |  |  | (959) |  |  | — |  |  | — |  |  | (1,243) |
Depreciation and amortization |  | — |  |  | (325) |  |  | (906) |  |  | (630) |  |  | — |  |  | (1,861) |
Transfers between classifications |  | — |  |  | 104 |  |  | 1,420 |  |  | — |  |  | (1,524) |  |  | — |
Changes in decommissioning, restoration and other provisions |  | — |  |  | (743) |  |  | (145) |  |  | — |  |  | — |  |  | (888) |
Capitalized borrowing costs (Note 11) |  | — |  |  | 131 |  |  | — |  |  | — |  |  | 358 |  |  | 489 |
Transfer to assets held for sale |  | (142) |  |  | (546) |  |  | (735) |  |  | — |  |  | (129) |  |  | (1,552) |
Changes in foreign exchange rates |  | 28 |  |  | 235 |  |  | 172 |  |  | 52 |  |  | 718 |  |  | 1,205 |
Closing net book value |  | $ | 895 |  |  | $ | 13,290 |  |  | $ | 8,349 |  |  | $ | 3,248 |  |  | $ | 14,313 |  |  | $ | 40,095 |
At December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  | $ | 895 |  |  | $ | 20,364 |  |  | $ | 18,567 |  |  | $ | 8,596 |  |  | $ | 14,313 |  |  | $ | 62,735 |
Accumulated depreciation |  | — |  |  | (7,074) |  |  | (10,218) |  |  | (5,348) |  |  | — |  |  | (22,640) |
Net book value |  | $ | 895 |  |  | $ | 13,290 |  |  | $ | 8,349 |  |  | $ | 3,248 |  |  | $ | 14,313 |  |  | $ | 40,095 |
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Opening net book value |  | $ | 895 |  |  | $ | 13,290 |  |  | $ | 8,349 |  |  | $ | 3,248 |  |  | $ | 14,313 |  |  | $ | 40,095 |
Additions |  | 581 |  |  | 198 |  |  | 918 |  |  | 1,198 |  |  | 3,615 |  |  | 6,510 |
Disposals |  | (12) |  |  | (2) |  |  | (34) |  |  | — |  |  | (7) |  |  | (55) |
Depreciation and amortization |  | — |  |  | (377) |  |  | (964) |  |  | (739) |  |  | — |  |  | (2,080) |
Transfers between classifications (c) |  | — |  |  | 324 |  |  | 13,787 |  |  | — |  |  | (14,111) |  |  | — |
Changes in decommissioning, restoration and other provisions |  | (7) |  |  | 926 |  |  | 18 |  |  | — |  |  | (6) |  |  | 931 |
Capitalized borrowing costs (Note 11) |  | — |  |  | — |  |  | — |  |  | — |  |  | 780 |  |  | 780 |
Changes in foreign exchange rates |  | (25) |  |  | (89) |  |  | (282) |  |  | (25) |  |  | (195) |  |  | (616) |
Closing net book value |  | $ | 1,432 |  |  | $ | 14,270 |  |  | $ | 21,792 |  |  | $ | 3,682 |  |  | $ | 4,389 |  |  | $ | 45,565 |
At December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  | $ | 1,432 |  |  | $ | 20,693 |  |  | $ | 32,637 |  |  | $ | 9,738 |  |  | $ | 4,389 |  |  | $ | 68,889 |
Accumulated depreciation |  | — |  |  | (6,423) |  |  | (10,845) |  |  | (6,056) |  |  | — |  |  | (23,324) |
Net book value |  | $ | 1,432 |  |  | $ | 14,270 |  |  | $ | 21,792 |  |  | $ | 3,682 |  |  | $ | 4,389 |  |  | $ | 45,565 |
17. Property, Plant and Equipment (continued) a) Exploration and Evaluation Significant exploration and evaluation projects in property, plant and equipment include the Galore Creek, Zafranal, San Nicolás and NewRange projects. b) Borrowing Costs Borrowing costs are capitalized at a rate based on our weighted average cost of borrowing or at the rate of the project-specific debt, as applicable. Capitalized borrowing costs are classified with the asset they relate to within mineral properties, land, buildings, plant and equipment, or construction in progress. Our weighted average borrowing rate used for capitalization of borrowing costs in 2023 was 5.8% (2022 – 5.7%). c) Transfers Between Classifications – 2023 The majority of the assets related to QB2 became available for use in December of 2023. As a result, we transferred $1.3 billion into land, buildings, plant and equipment and $290 million into mineral properties from construction in progress.

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- References No definition available. + Details
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