XML 88 R64.htm IDEA: XBRL DOCUMENT
v3.24.0.1

FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Fair Value Measurement [Abstract] |
Fair value measurement of assets | The Company's fair values of financial assets and liabilities
| December 31, 2023 |  |
| Carrying Amount | Level 1 | Level 2 | Level 3 | Total Fair Value |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 367.1 |  | $ | 367.1 |  | $ | — |  | $ | — |  | $ | 367.1 |  |  |
Restricted cash | 90.5 |  | 90.5 |  | — |  | — |  | 90.5 |  |  |
Marketable securities | 14.2 |  | 14.2 |  | — |  | — |  | 14.2 |  |  |
Bond fund investments | 2.0 |  | 2.0 |  | — |  | — |  | 2.0 |  |  |
Deferred consideration from the sale of Sadiola | 15.2 |  | — |  | — |  | 15.2 |  | 15.2 |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | 1.6 |  | — |  | 1.6 |  | — |  | 1.6 |  |  |
Crude oil contracts 1 | 5.7 |  | — |  | 5.7 |  | — |  | 5.7 |  |  |
Embedded derivative - prepayment options on Term Loan | 5.1 |  | — |  | 5.1 |  | — |  | 5.1 |  |  |
| $ | 501.4 |  | $ | 473.8 |  | $ | 12.4 |  | $ | 15.2 |  | $ | 501.4 |  |  |
Liabilities |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |
Gold bullion contracts | $ | (9.2) |  | $ | — |  | $ | (9.2) |  | $ | — |  | $ | (9.2) |  |  |
TARF | (1.4) |  | — |  | (1.4) |  | — |  | (1.4) |  |  |
Extendible Forwards 2 | (0.5) |  | — |  | (0.5) |  | — |  | (0.5) |  |  |
Long-term debt - Notes 3 | (452.5) |  | (388.3) |  | — |  | — |  | (388.3) |  |  |
Long-term debt - Term Loan 4 | (400.9) |  | — |  | (411.0) |  | — |  | (411.0) |  |  |
Long-term debt - equipment loans 5 | (7.3) |  | — |  | (7.3) |  | — |  | (7.3) |  |  |
| $ | (871.8) |  | $ | (388.3) |  | $ | (429.4) |  | $ | — |  | $ | (817.7) |  |  |
1.Includes hedge and non-hedge derivatives. 2.The carrying amount excludes unamortized deferred gains of $nil. 3.The carrying amount excludes unamortized deferred transaction costs of $4.5 million and the embedded derivative. 4.The carrying amount excludes unamortized deferred transaction costs of $8.2 million, the 3% original discount and the embedded derivative. 5.The carrying amount excludes unamortized deferred transaction costs of $0.1 million.
| December 31, 2022 |  |
| Carrying Amount | Level 1 | Level 2 | Level 3 | Total Fair Value |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 407.8 |  | $ | 407.8 |  | $ | — |  | $ | — |  | $ | 407.8 |  |  |
Restricted cash | 56.3 |  | 56.3 |  | — |  | — |  | 56.3 |  |  |
Marketable securities and warrants | 6.1 |  | 5.7 |  | — |  | 0.4 |  | 6.1 |  |  |
Bond fund investments | 2.0 |  | 2.0 |  | — |  | — |  | 2.0 |  |  |
Deferred consideration from the sale of Sadiola | 19.6 |  | — |  | — |  | 19.6 |  | 19.6 |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | 3.3 |  | — |  | 3.3 |  | — |  | 3.3 |  |  |
Crude oil contracts 1 | 36.2 |  | — |  | 36.2 |  | — |  | 36.2 |  |  |
Gold bullion contracts | 4.6 |  | — |  | 4.6 |  | — |  | 4.6 |  |  |
| $ | 535.9 |  | $ | 471.8 |  | $ | 44.1 |  | $ | 20.0 |  | $ | 535.9 |  |  |
Liabilities |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | $ | (0.1) |  | $ | — |  | $ | (0.1) |  | $ | — |  | $ | (0.1) |  |  |
Gold bullion contracts | (4.7) |  | — |  | (4.7) |  | — |  | (4.7) |  |  |
TARF | (11.2) |  | — |  | (11.2) |  | — |  | (11.2) |  |  |
Extendible Forwards 2 | (1.8) |  | — |  | (1.8) |  | — |  | (1.8) |  |  |
Long-term debt - Credit Facility | (455.0) |  | — |  | (455.0) |  | — |  | (455.0) |  |  |
Long-term debt - Notes 3 | (453.1) |  | (352.5) |  | — |  | — |  | (352.5) |  |  |
Long-term debt - equipment loan 4 | (16.2) |  | — |  | (15.8) |  | — |  | (15.8) |  |  |
| $ | (942.1) |  | $ | (352.5) |  | $ | (488.6) |  | $ | — |  | $ | (841.1) |  |  |
1.Includes hedge and non-hedge derivatives. 2.The carrying amount excludes unamortized deferred gains of $0.9 million. 3.The carrying amount excludes unamortized deferred transaction costs of $5.5 million and the embedded derivative. 4.The carrying amount excludes unamortized deferred transaction costs of $0.1 million.
Fair value measurement of liabilities | The Company's fair values of financial assets and liabilities
| December 31, 2023 |  |
| Carrying Amount | Level 1 | Level 2 | Level 3 | Total Fair Value |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 367.1 |  | $ | 367.1 |  | $ | — |  | $ | — |  | $ | 367.1 |  |  |
Restricted cash | 90.5 |  | 90.5 |  | — |  | — |  | 90.5 |  |  |
Marketable securities | 14.2 |  | 14.2 |  | — |  | — |  | 14.2 |  |  |
Bond fund investments | 2.0 |  | 2.0 |  | — |  | — |  | 2.0 |  |  |
Deferred consideration from the sale of Sadiola | 15.2 |  | — |  | — |  | 15.2 |  | 15.2 |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | 1.6 |  | — |  | 1.6 |  | — |  | 1.6 |  |  |
Crude oil contracts 1 | 5.7 |  | — |  | 5.7 |  | — |  | 5.7 |  |  |
Embedded derivative - prepayment options on Term Loan | 5.1 |  | — |  | 5.1 |  | — |  | 5.1 |  |  |
| $ | 501.4 |  | $ | 473.8 |  | $ | 12.4 |  | $ | 15.2 |  | $ | 501.4 |  |  |
Liabilities |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |
Gold bullion contracts | $ | (9.2) |  | $ | — |  | $ | (9.2) |  | $ | — |  | $ | (9.2) |  |  |
TARF | (1.4) |  | — |  | (1.4) |  | — |  | (1.4) |  |  |
Extendible Forwards 2 | (0.5) |  | — |  | (0.5) |  | — |  | (0.5) |  |  |
Long-term debt - Notes 3 | (452.5) |  | (388.3) |  | — |  | — |  | (388.3) |  |  |
Long-term debt - Term Loan 4 | (400.9) |  | — |  | (411.0) |  | — |  | (411.0) |  |  |
Long-term debt - equipment loans 5 | (7.3) |  | — |  | (7.3) |  | — |  | (7.3) |  |  |
| $ | (871.8) |  | $ | (388.3) |  | $ | (429.4) |  | $ | — |  | $ | (817.7) |  |  |
1.Includes hedge and non-hedge derivatives. 2.The carrying amount excludes unamortized deferred gains of $nil. 3.The carrying amount excludes unamortized deferred transaction costs of $4.5 million and the embedded derivative. 4.The carrying amount excludes unamortized deferred transaction costs of $8.2 million, the 3% original discount and the embedded derivative. 5.The carrying amount excludes unamortized deferred transaction costs of $0.1 million.
| December 31, 2022 |  |
| Carrying Amount | Level 1 | Level 2 | Level 3 | Total Fair Value |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 407.8 |  | $ | 407.8 |  | $ | — |  | $ | — |  | $ | 407.8 |  |  |
Restricted cash | 56.3 |  | 56.3 |  | — |  | — |  | 56.3 |  |  |
Marketable securities and warrants | 6.1 |  | 5.7 |  | — |  | 0.4 |  | 6.1 |  |  |
Bond fund investments | 2.0 |  | 2.0 |  | — |  | — |  | 2.0 |  |  |
Deferred consideration from the sale of Sadiola | 19.6 |  | — |  | — |  | 19.6 |  | 19.6 |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | 3.3 |  | — |  | 3.3 |  | — |  | 3.3 |  |  |
Crude oil contracts 1 | 36.2 |  | — |  | 36.2 |  | — |  | 36.2 |  |  |
Gold bullion contracts | 4.6 |  | — |  | 4.6 |  | — |  | 4.6 |  |  |
| $ | 535.9 |  | $ | 471.8 |  | $ | 44.1 |  | $ | 20.0 |  | $ | 535.9 |  |  |
Liabilities |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |
Currency contracts | $ | (0.1) |  | $ | — |  | $ | (0.1) |  | $ | — |  | $ | (0.1) |  |  |
Gold bullion contracts | (4.7) |  | — |  | (4.7) |  | — |  | (4.7) |  |  |
TARF | (11.2) |  | — |  | (11.2) |  | — |  | (11.2) |  |  |
Extendible Forwards 2 | (1.8) |  | — |  | (1.8) |  | — |  | (1.8) |  |  |
Long-term debt - Credit Facility | (455.0) |  | — |  | (455.0) |  | — |  | (455.0) |  |  |
Long-term debt - Notes 3 | (453.1) |  | (352.5) |  | — |  | — |  | (352.5) |  |  |
Long-term debt - equipment loan 4 | (16.2) |  | — |  | (15.8) |  | — |  | (15.8) |  |  |
| $ | (942.1) |  | $ | (352.5) |  | $ | (488.6) |  | $ | — |  | $ | (841.1) |  |  |
1.Includes hedge and non-hedge derivatives. 2.The carrying amount excludes unamortized deferred gains of $0.9 million. 3.The carrying amount excludes unamortized deferred transaction costs of $5.5 million and the embedded derivative. 4.The carrying amount excludes unamortized deferred transaction costs of $0.1 million.
Fair value of marketable securities and warrants |
Marketable securities included in level 3 |  |  |  |
Balance, December 31, 2022 | $ | 0.4 |  |  |  |
Reclassification to Level 1 | (0.4) |  |  |  |
Balance, December 31, 2023 | $ | — |  |  |  |

X
- Definition Fair Value Measurement [Abstract] + References No definition available. + Details
Name: | iag_FairValueMeasurementAbstract
Namespace Prefix: | iag_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value measurement of assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value measurement of liabilities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 2023-01-01 -Paragraph 93 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93_d&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration