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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Fair Value Measurement [Abstract] |
Fair value measurement of assets | The Company’s fair values of financial assets and liabilities were as follows:
| December 31, 2021 |  |
| Carrying Amount | Level 1 | Level 2 | Level 3 | Total Fair Value |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 544.9 |  | $ | 544.9 |  | $ | — |  | $ | — |  | $ | 544.9 |  |  |
Short-term investments | 7.6 |  | 7.6 |  | — |  | — |  | 7.6 |  |  |
Restricted cash | 42.2 |  | 42.2 |  | — |  | — |  | 42.2 |  |  |
Marketable securities and warrants | 40.4 |  | 40.0 |  | — |  | 0.4 |  | 40.4 |  |  |
Bond fund investments | 4.7 |  | 4.7 |  | — |  | — |  | 4.7 |  |  |
Deferred consideration from the sale of Sadiola | 18.9 |  | — |  | — |  | 18.9 |  | 18.9 |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | 24.5 |  | — |  | 24.5 |  | — |  | 24.5 |  |  |
Crude oil contracts | 38.5 |  | — |  | 38.5 |  | — |  | 38.5 |  |  |
Gold bullion contracts | 1.7 |  | — |  | 1.7 |  | — |  | 1.7 |  |  |
Extendible forward arrangement 1 | 3.7 |  | — |  | 3.7 |  | — |  | 3.7 |  |  |
Embedded derivative - prepayment options on Notes | 1.5 |  | — |  | 1.5 |  | — |  | 1.5 |  |  |
| $ | 728.6 |  | $ | 639.4 |  | $ | 69.9 |  | $ | 19.3 |  | $ | 728.6 |  |  |
Liabilities |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |
Gold bullion contracts | $ | (0.7) |  | $ | — |  | $ | (0.7) |  | $ | — |  | $ | (0.7) |  |  |
TARF | (3.0) |  | — |  | (3.0) |  | — |  | (3.0) |  |  |
Embedded derivative - Rosebel power purchase agreement | (29.2) |  | — |  | (29.2) |  | — |  | (29.2) |  |  |
Long-term debt - Notes 2 | (453.5) |  | (446.0) |  | — |  | — |  | (446.0) |  |  |
Long-term debt - equipment loans 3 | (18.9) |  | — |  | (19.1) |  | — |  | (19.1) |  |  |
| $ | (505.3) |  | $ | (446.0) |  | $ | (52.0) |  | $ | — |  | $ | (498.0) |  |  |
1.The carrying amount excludes unamortized deferred gains of $1.9 million. 2.The carrying amount excludes unamortized deferred transaction costs of $6.3 million and the embedded derivative. 3.The carrying amount excludes unamortized deferred transaction costs of $0.2 million.
| December 31, 2020 |  |
| Carrying Amount | Level 1 | Level 2 | Level 3 | Total Fair Value |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 941.5 |  | $ | 941.5 |  | $ | — |  | $ | — |  | $ | 941.5 |  |  |
Short-term investments | 6.0 |  | 6.0 |  | — |  | — |  | 6.0 |  |  |
Restricted cash | 38.6 |  | 38.6 |  | — |  | — |  | 38.6 |  |  |
Marketable securities and warrants | 16.4 |  | 16.0 |  | — |  | 0.4 |  | 16.4 |  |  |
Bond fund investments | 6.2 |  | 6.2 |  | — |  | — |  | 6.2 |  |  |
Deferred consideration from the sale of Sadiola | 14.3 |  | — |  | — |  | 14.3 |  | 14.3 |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | 35.1 |  | — |  | 35.1 |  | — |  | 35.1 |  |  |
Crude oil contracts | 3.5 |  | — |  | 3.5 |  | — |  | 3.5 |  |  |
Gold bullion contracts | 8.1 |  | — |  | 8.1 |  | — |  | 8.1 |  |  |
Embedded derivative - prepayment options on Notes | 8.4 |  | — |  | 8.4 |  | — |  | 8.4 |  |  |
| $ | 1,078.1 |  | $ | 1,008.3 |  | $ | 55.1 |  | $ | 14.7 |  | $ | 1,078.1 |  |  |
Liabilities |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |
Crude oil contracts | $ | (12.0) |  | $ | — |  | $ | (12.0) |  | $ | — |  | $ | (12.0) |  |  |
Embedded derivative - Rosebel power purchase agreement | (23.3) |  | — |  | (23.3) |  | — |  | (23.3) |  |  |
Long-term debt - Notes 1 | (454.2) |  | (460.4) |  | — |  | — |  | (460.4) |  |  |
Long-term debt - equipment loan 2 | (28.2) |  | — |  | (28.9) |  | — |  | (28.9) |  |  |
| $ | (517.7) |  | $ | (460.4) |  | $ | (64.2) |  | $ | — |  | $ | (524.6) |  |  |
1.The carrying amount excludes unamortized deferred transaction costs of $7.2 million and the embedded derivative. 2.The carrying amount excludes unamortized deferred transaction costs of $0.2 million.
Fair value measurement of liabilities | The Company’s fair values of financial assets and liabilities were as follows:
| December 31, 2021 |  |
| Carrying Amount | Level 1 | Level 2 | Level 3 | Total Fair Value |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 544.9 |  | $ | 544.9 |  | $ | — |  | $ | — |  | $ | 544.9 |  |  |
Short-term investments | 7.6 |  | 7.6 |  | — |  | — |  | 7.6 |  |  |
Restricted cash | 42.2 |  | 42.2 |  | — |  | — |  | 42.2 |  |  |
Marketable securities and warrants | 40.4 |  | 40.0 |  | — |  | 0.4 |  | 40.4 |  |  |
Bond fund investments | 4.7 |  | 4.7 |  | — |  | — |  | 4.7 |  |  |
Deferred consideration from the sale of Sadiola | 18.9 |  | — |  | — |  | 18.9 |  | 18.9 |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | 24.5 |  | — |  | 24.5 |  | — |  | 24.5 |  |  |
Crude oil contracts | 38.5 |  | — |  | 38.5 |  | — |  | 38.5 |  |  |
Gold bullion contracts | 1.7 |  | — |  | 1.7 |  | — |  | 1.7 |  |  |
Extendible forward arrangement 1 | 3.7 |  | — |  | 3.7 |  | — |  | 3.7 |  |  |
Embedded derivative - prepayment options on Notes | 1.5 |  | — |  | 1.5 |  | — |  | 1.5 |  |  |
| $ | 728.6 |  | $ | 639.4 |  | $ | 69.9 |  | $ | 19.3 |  | $ | 728.6 |  |  |
Liabilities |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |
Gold bullion contracts | $ | (0.7) |  | $ | — |  | $ | (0.7) |  | $ | — |  | $ | (0.7) |  |  |
TARF | (3.0) |  | — |  | (3.0) |  | — |  | (3.0) |  |  |
Embedded derivative - Rosebel power purchase agreement | (29.2) |  | — |  | (29.2) |  | — |  | (29.2) |  |  |
Long-term debt - Notes 2 | (453.5) |  | (446.0) |  | — |  | — |  | (446.0) |  |  |
Long-term debt - equipment loans 3 | (18.9) |  | — |  | (19.1) |  | — |  | (19.1) |  |  |
| $ | (505.3) |  | $ | (446.0) |  | $ | (52.0) |  | $ | — |  | $ | (498.0) |  |  |
1.The carrying amount excludes unamortized deferred gains of $1.9 million. 2.The carrying amount excludes unamortized deferred transaction costs of $6.3 million and the embedded derivative. 3.The carrying amount excludes unamortized deferred transaction costs of $0.2 million.
| December 31, 2020 |  |
| Carrying Amount | Level 1 | Level 2 | Level 3 | Total Fair Value |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 941.5 |  | $ | 941.5 |  | $ | — |  | $ | — |  | $ | 941.5 |  |  |
Short-term investments | 6.0 |  | 6.0 |  | — |  | — |  | 6.0 |  |  |
Restricted cash | 38.6 |  | 38.6 |  | — |  | — |  | 38.6 |  |  |
Marketable securities and warrants | 16.4 |  | 16.0 |  | — |  | 0.4 |  | 16.4 |  |  |
Bond fund investments | 6.2 |  | 6.2 |  | — |  | — |  | 6.2 |  |  |
Deferred consideration from the sale of Sadiola | 14.3 |  | — |  | — |  | 14.3 |  | 14.3 |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | 35.1 |  | — |  | 35.1 |  | — |  | 35.1 |  |  |
Crude oil contracts | 3.5 |  | — |  | 3.5 |  | — |  | 3.5 |  |  |
Gold bullion contracts | 8.1 |  | — |  | 8.1 |  | — |  | 8.1 |  |  |
Embedded derivative - prepayment options on Notes | 8.4 |  | — |  | 8.4 |  | — |  | 8.4 |  |  |
| $ | 1,078.1 |  | $ | 1,008.3 |  | $ | 55.1 |  | $ | 14.7 |  | $ | 1,078.1 |  |  |
Liabilities |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |
Crude oil contracts | $ | (12.0) |  | $ | — |  | $ | (12.0) |  | $ | — |  | $ | (12.0) |  |  |
Embedded derivative - Rosebel power purchase agreement | (23.3) |  | — |  | (23.3) |  | — |  | (23.3) |  |  |
Long-term debt - Notes 1 | (454.2) |  | (460.4) |  | — |  | — |  | (460.4) |  |  |
Long-term debt - equipment loan 2 | (28.2) |  | — |  | (28.9) |  | — |  | (28.9) |  |  |
| $ | (517.7) |  | $ | (460.4) |  | $ | (64.2) |  | $ | — |  | $ | (524.6) |  |  |
1.The carrying amount excludes unamortized deferred transaction costs of $7.2 million and the embedded derivative. 2.The carrying amount excludes unamortized deferred transaction costs of $0.2 million.
Fair value of marketable securities and warrants |
Marketable securities included in level 3 |  |  |  |
Balance, December 31, 2020 | $ | 0.4 |  |  |  |
Reduction in value of marketable securities | — |  |  |  |
Change in fair value reported in OCI, net of income taxes | — |  |  |  |
Balance, December 31, 2021 | $ | 0.4 |  |  |  |

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- Definition The disclosure of significant inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when measuring the fair value of assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2021-01-01 -Paragraph 93 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2021-en-r&anchor=para_93_d&doctype=Standard -URIDate 2021-03-24 + Details
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