PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

Property, plant and equipment [abstract]


	Construction in progress		Mining properties		Plant and equipment		Right-of-use assets1		Total
Cost
Balance, January 1, 2020	$	504.2	$	2,961.0	$	1,964.0	$	68.1	$	5,497.3

Additions	164.2		130.4		70.0		26.1		390.7
Changes in asset retirement obligations	—		7.6		—		—		7.6
Disposals	—		—		(67.8)		(2.2)		(70.0)
Derecognition on the establishment of the Rosebel UJV2	(2.0)		(32.1)		(1.3)		—		(35.4)
Transfers within property, plant and equipment	(41.6)		39.7		1.7		0.2		—
Balance, December 31, 2020	$	624.8	$	3,106.6	$	1,966.6	$	92.2	$	5,790.2
Additions	474.8		142.3		83.2		21.4		721.7
Changes in asset retirement obligations	—		42.0		—		—		42.0
Disposals	—		—		(79.4)		(4.4)		(83.8)

Transfers within property, plant and equipment	(21.0)		14.1		7.5		(0.6)		—

Balance, December 31, 2021	$	1,078.6	$	3,305.0	$	1,977.9	$	108.6	$	6,470.1


	Construction in progress		Mining properties		Plant and equipment		Right-of-use assets1		Total
Accumulated Depreciation and Impairment
Balance, January 1, 2020	$	—	$	1,987.4	$	1,261.8	$	8.5	$	3,257.7
Depreciation expense3	—		143.3		127.8		12.5		283.6
Disposals	—		—		(65.5)		(1.6)		(67.1)
Derecognition on the establishment of the Rosebel UJV2	—		(0.1)		(0.1)		—		(0.2)
Reversal of impairment	—		(45.8)		—		—		(45.8)

Balance, December 31, 2020	$	—	$	2,084.8	$	1,324.0	$	19.4	$	3,428.2

Depreciation expense3	—		180.4		131.6		15.4		327.4
Disposals	—		—		(74.3)		(4.2)		(78.5)



Impairment charge	—		154.1		37.3		13.7		205.1

Balance, December 31, 2021	$	—	$	2,419.3	$	1,418.6	$	44.3	$	3,882.2


Carrying amount, December 31, 2020	$	624.8	$	1,021.8	$	642.6	$	72.8	$	2,362.0
Carrying amount, December 31, 2021	$	1,078.6	$	885.7	$	559.3	$	64.3	$	2,587.9

1.Right-of-use assets consist of property, plant and equipment related to assets leased and accounted for under IFRS 16.

2.Upon the establishment of the Rosebel UJV, the Company derecognized 30% of the assets and liabilities related to the Rosebel UJV Area of Interest and recorded a gain of $16.9 million, which has been included under interest income and derivatives and other investment gains (losses) in the consolidated statements of earnings (loss).

3.Excludes depreciation expense related to corporate office assets, included within other non-current assets, which is included in general and administrative expenses.

In 2021, borrowing costs attributable to qualifying assets associated with the Essakane, Rosebel and Westwood mines and the Côté Gold and Saramacca projects totaling $40.5 million (2020 - $24.0 million) were capitalized using a weighted average interest rate of 5.80% (2020 - 6.42%). The weighted average interest rate was based on the 5.75% senior notes, equipment loans, gold prepayment and leases.

As at December 31, 2021, mining properties included capitalized stripping costs of $276.3 million (December 31, 2020 - $230.8 million). Stripping costs of $127.3 million were capitalized during 2021 (2020 - $86.0 million), and $81.8 million were depreciated during 2021 (2020 - $66.5 million).