Segmented Information

12 Months Ended

Dec. 31, 2021


16.			SEGMENTED INFORMATION

(a) Segment revenues and results

The Company manages its reportable operating segments by operating mines and significant development projects. The

Company operates in two principal geographical areas - Canada, and Mexico. The Young-Davidson and Island Gold mines

operate in Canada, and the Mulatos mine operate in Sonora, Mexico. The results from operations for these reportable operating

segments are summarized in the following tables:


Year Ended December 31, 2021
	Young-Davidson	Mulatos	Island Gold	Corporate /other1	Total
Operating revenues	$350.5	$221.1	$252.0	—	$823.6
Cost of sales
Mining and processing	159.7	123.1	68.7	—	351.5
Royalties	5.3	1.1	5.3	—	11.7

Amortization	79.4	53.2	38.3	—	170.9
	244.4	177.4	112.3	—	534.1

Expenses
Exploration	0.7	7.3	4.7	2.0	14.7
Corporate and administrative	—	—	—	24.5	24.5
Share-based compensation	—	—	—	11.1	11.1
Impairment charge				224.3	224.3
Earnings (loss) from operations	$105.4	$36.4	$135.0	($261.9)	$14.9
Finance expense					(4.5)
Foreign exchange loss					(0.9)
Other loss					(7.2)

Earnings before income taxes					$2.3


Year Ended December 31, 2020
	Young-Davidson	Mulatos	Island Gold	Corporate/other1	Total
Operating revenues	$239.4	$261.7	$247.0	—	$748.1
Cost of sales
Mining and processing	133.9	120.9	57.8	—	312.6

Royalties	3.7	1.3	5.2	—	10.2
COVID-19 costs	—	2.0	4.5	—	6.5
Amortization	63.7	44.6	44.4	—	152.7
	201.3	168.8	111.9	—	482.0

Expenses
Exploration	—	4.2	1.0	2.0	7.2
Corporate and administrative	—	—	—	21.0	21.0
Share-based compensation	—	—	—	10.3	10.3
Earnings (loss) from operations	$38.1	$88.7	$134.1	($33.3)	$227.6
Finance expense					(4.3)
Foreign exchange loss					(1.4)
Other loss					(3.7)
Earnings before income taxes					$218.2

1. Corporate and other consists of corporate balances and exploration, development projects and mines in reclamation.

(b) Segment assets and liabilities

The following table presents the segment assets and liabilities:


	Total Assets		Total liabilities
	December 31, 2021	December 31, 2020	December 31, 2021	December 31, 2020
Young-Davidson	$1,684.5	$1,652.8	$319.3	$275.8

Island Gold	1,094.1	995.0	350.5	301.1
Mulatos	539.2	420.9	155.0	120.1

Corporate/other 1	303.7	567.8	61.1	88.0
Total assets and liabilities	$3,621.5	$3,636.5	$885.9	$785.0

1. Corporate and other consists of corporate balances, exploration and development projects and mines in reclamation.