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Commitments Commitments | 12 Months Ended
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Dec. 31, 2022
Disclosure of additional information [Abstract] |
Commitments |
22. | COMMITMENTS
Capital commitments As of December 31, 2022, the Company has $155.4 million in committed capital purchases (December 31, 2021 - $123.8 million). Included in the outstanding commitments, the Company has $115.1 million related to the Island Gold Phase 3+ Expansion (December 31, 2021 - $89.4 million). Royalties At the Mulatos Mine, the Company pays a royalty obligation to the Mexican government of 0.5% Extraordinary Mining Duty, which totaled $1.2 million for the year ended December 31, 2022 (2021 - $1.1 million). The Company pays a 1.5% net smelter royalty on production from the Young-Davidson mine, as well as other royalties related to production. For the year ended December 31, 2022, the Company recorded a royalty expense of $5.3 million (2021 - $5.3 million). 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, 2022, the Company recorded a royalty expense of $2.6 million (2021 - $5.3 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 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
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