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Commitments Commitments | 12 Months Ended
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Dec. 31, 2021
Disclosure of additional information [Abstract] |
Commitments |
21. | COMMITMENTS
Capital commitments As of December 31, 2021, the Company has $123.8 million in committed capital purchases (December 31, 2020 - $36.1 million). Included in the outstanding commitments, the Company has $89.4 million related to the Island Gold Phase III expansion. Royalties At the Mulatos Mine, the Company pays a royalty obligation to the Mexican government of 0.5% Extraordinary Mining Duty, which totaled $1.1 million for the year ended December 31, 2021 (2020 - $1.3 million). The Company pays a 1.5% net smelter royalty on production from the Young-Davidson mine. For the year ended December 31, 2021, the Company recorded a royalty expense of $5.3 million (2020 - $3.3 million). In addition, the Company paid $0.4 million of other royalties related to production for the year ended December 31, 2020. At the Island Gold mine, there is an approximate 2.2% net smelter royalty on production from a range of claims on the property. For the year ended December 31, 2021, the Company recorded a royalty expense of $5.3 million (2020 - $5.2 million).

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- Definition The disclosure of commitments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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