XML 43 R19.htm IDEA: XBRL DOCUMENT v3.24.0.1
OTHER NON-CURRENT ASSETS
12 Months Ended
Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]  
OTHER NON-CURRENT ASSETS Other Non-Current Assets
NotesDecember 31,
2023
December 31,
2022
Advances for the purchase of capital equipment1
$18.5 $66.4 
Deferred consideration from the sale of Sadiola22(a)15.2 19.6 
Royalty interests(a)13.5 7.2 
Marketable securities22(a), (a)14.2 6.1 
Long-term prepayment3.3 3.6 
Income taxes receivable3.7 2.7 
Bond fund investments22(a)2.0 2.0 
Hedge derivatives— 7.0 
Non-hedge derivatives0.4 6.7 
Other5.5 7.5 
$76.3 $128.8 
1.Includes advances related to the Côté Gold project of $14.5 million (December 31, 2022 - $59.0 million).
(a)Royalty interests
On August 1, 2023, the Company entered into an agreement to sell its 100% interest in the Pitangui Project and its interest in the Acurui Project, to Jaguar Mining Inc. ("Jaguar") via a share purchase agreement for proceeds of 6.3 million common shares from Jaguar as well as a net smelter returns royalty on both projects. The shares had an aggregate value of $9.0 million and are subsequently accounted for as FVTOCI. The net smelter royalty is measured at a fair value of $7.0 million and will subsequently be amortized on a units of production basis (note 32).
The Company, through its 90%-owned subsidiary EURO, owns a royalty whereby EURO is entitled to receive 50% of the payable silver production over the life of mine on the Bomboré Project that is owned by a subsidiary of Orezone Gold Corporation. The agreement is accounted for as a royalty interest. The royalty interest is recorded at cost and subsequently measured at cost less accumulated depreciation. During the year ended December 31, 2022, the Company recorded an impairment of $5.6 million relating to the Paul Isnard royalty interests on the Montagne d’Or project owned by Orea Mining that is held by EURO (note 39).