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Mineral Property, Pland and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract] |
Disclosure of detailed information about property, plant and equipment | Amortization rates applicable to each category of property, plant and equipment, with the exception of land, are as follows:
Asset | Useful life
Leasehold improvements | Lease term
Mobile equipment | 2-10 years
Other equipment | 2-20 years
Processing plant | Unit-of-production
Shaft, underground infrastructure and mineral properties | Unit-of-production
Vehicles | 3-7 years
Buildings | 7-20 years
Office equipment | 2-8 years
|  | Mineral property |  |
| Plant and equipment | Depletable | Non-depletable | Exploration and evaluation | Total
Cost |  |  |  |  |
At December 31, 2021 | $1,629.3 |  | $2,631.2 |  | $285.6 |  | $319.3 |  | $4,865.4 |
Additions | 40.2 |  | 143.8 |  | 123.7 |  | 22.1 |  | 329.8 |
Transfer of La Yaqui Grande assets 1 | 121.0 |  | 19.0 |  | (140.0) |  | — |  | — |
Revisions to decommissioning liabilities | — |  | 6.7 |  | — |  | — |  | 6.7 |
Disposals | (1.7) |  | — |  | — |  | — |  | (1.7) |
Sale of Esperanza Project | (0.4) |  | — |  | — |  | (89.6) |  | (90.0) |
At December 31, 2022 | $1,788.4 |  | $2,800.7 |  | $269.3 |  | $251.8 |  | $5,110.2 |
Additions | 51.5 |  | 109.5 |  | 174.7 |  | 32.2 |  | 367.9 |
Acquisition of Manitou Gold Inc. (i) | — |  | — |  | — |  | 20.0 |  | 20.0 |
Transfers | 4.0 |  | — |  | (4.0) |  | — |  | — |
Revisions to decommissioning liabilities (note 11) | — |  | 8.6 |  | — |  | — |  | 8.6 |
Disposals | (35.5) |  | (1.3) |  | — |  | (1.4) |  | (38.2) |
At December 31, 2023 | $1,808.4 |  | $2,917.5 |  | $440.0 |  | $302.6 |  | $5,468.5 |
Accumulated amortization and impairment charges |  |  |
At December 31, 2021 | $717.8 |  | $811.8 |  | 142.4 |  | $84.9 |  | $1,756.9 |
Amortization | 91.7 |  | 89.4 |  | — |  | — |  | 181.1 |
Disposals | (1.2) |  | — |  | — |  | — |  | (1.2) |
Impairment expense on Esperanza Project (iv) | — |  | — |  | — |  | 38.2 |  | 38.2 |
Sale of Esperanza Project (iv) | (0.4) |  | — |  | — |  | (38.2) |  | (38.6) |
At December 31, 2022 | $807.9 |  | $901.2 |  | $142.4 |  | $84.9 |  | $1,936.4 |
Amortization | 106.6 |  | 101.0 |  | — |  | — |  | 207.6 |
Disposals | (34.3) |  | (1.3) |  | — |  | — |  | (35.6) |
At December 31, 2023 | $880.2 |  | $1,000.9 |  | $142.4 |  | $84.9 |  | $2,108.4 |
Net carrying value |  |  |  |  |
At December 31, 2022 | $980.5 |  | $1,899.5 |  | $126.9 |  | $166.9 |  | $3,173.8 |
At December 31, 2023 | $928.2 |  | $1,916.6 |  | $297.6 |  | $217.7 |  | $3,360.1 |
1.La Yaqui Grande commenced commercial production on June 20, 2022. The net carrying values and capital additions by segment (note 17) are as follows:
| December 31, 2023 | December 31, 2022 |
| Mineral Property, Plant and Equipment | Capital additions for the year ended 1 | Mineral Property, Plant and Equipment | Capital additions for the year ended 1 |
Young-Davidson | $1,500.3 |  | $73.5 |  | 1,504.7 |  | 68.4 |  |
Island Gold | 1,397.7 |  | 243.4 |  | 1,174.6 |  | 185.1 |  |
Mulatos | 293.0 |  | 29.9 |  | 343.8 |  | 58.8 |  |
Corporate and other | 169.1 |  | 21.1 |  | 150.7 |  | 17.5 |  |
| $3,360.1 |  | $367.9 |  | $3,173.8 |  | $329.8 |  |
1.Segment capital additions are presented on an accrual basis. Mineral property, plant and equipment in the consolidated statements of cash flows are presented on a cash expenditure basis.
Disclosure of significant royalties payable | The Company is obliged to make certain royalty payments on its mineral properties. The following table includes the significant royalties payable by the Company:
Location | Royalties payable
Mulatos | 0.5% Extraordinary Mining Duty due to the Mexican government
Young-Davidson | 1.5% net smelter royalty
Island Gold | 2-3% net smelter royalties, dependent on claim
Schedule of asset acquisitions | The allocation of the purchase price to the net assets acquired are as follows:
Consideration paid |
Fair value of total shares issued (note 13) | $13.4 |
Fair value of 19% interest in Manitou prior to acquisition | 3.1
Transaction costs | 0.2
| $16.7 |
Net assets acquired |
Mineral property, plant and equipment | $20.0 |
Current liabilities (a) | (1.5) |
Decommissioning liabilities | (1.8) |
| $16.7 |
(a) Included in current liabilities are $1.1 million of Canadian dollar denominated share purchase warrants which were recognized as a liability at the date of acquisition. During the year ended December 31, 2023, 61,683 warrants were exercised for gross proceeds of $0.7 million (note 13).

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