FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2024

The following table summarizes the maturity date and principal amount of the Company's obligations as at December 31, 2024:


	Notes	2025		2026		2027		2028 onwards		Total
Accounts payable and accrued liabilities		$	264.8	$	—	$	—	$	—	$	264.8
Lease liabilities	15	38.1		33.0		29.4		23.7		124.2
Equipment loans	18(d)	1.0		1.1		—		—		2.1
Credit Facility	18(a)	—		—		—		220.0		220.0
Notes	18(b)	—		—		—		450.0		450.0
Term Loan	18(c)	—		—		—		400.0		400.0
Gold sale prepayment arrangements1	19	151.1		—		—		—		151.1
		$	455.0	$	34.1	$	29.4	$	1,093.7	$	1,612.2

1.The gold sale prepay arrangements are an obligation of the Company to deliver ounces from its production and reduces future cash flows of the Company as the arrangements have already been funded. The value in the table represents the carrying value of the deferred revenue (note 19).

Disclosure of terms and conditions of outstanding derivative contracts

As at December 31, 2024, the Company's outstanding derivative contracts which qualified for hedge accounting and the periods in which the cash flows are expected to occur and impact the consolidated statements of earnings (loss) and property, plant and equipment balance on the consolidated balance sheets are as follows:


	2025	2026	Total
Cash flow hedges
Exchange rate risk

Canadian dollar forward and option contracts (CADM)	406	72	478



Rate range (USDCAD)1	1.35 - 1.44	1.36 - 1.44

1.The Company executed Canadian dollar collar options, which consist of Canadian dollar call and put options within the given range in 2024. The Company will recognize a gain from the difference between a lower market price and the Canadian dollar call strike price. The Company will incur a loss from the difference between a higher market price and the Canadian dollar put strike price.

Disclosure of detailed information about hedging instruments


	December 31, 2024		Increase of 10%		Decrease of 10%
Canadian dollar (CAD$)	$	(9.8)	$	(37.8)	$	20.5


	Canadian dollar contracts		Oil contracts		Gold price contracts		Total
Balance, January 1, 2023	$	3.2	$	20.4	$	(0.1)	$	23.5
Unrealized gain (loss) recognized in cash flow hedge reserve	2.9		(1.4)		(2.9)		(1.4)
Realized (gain) loss reclassified or adjusted from cash flow hedge reserve	(4.4)		(12.2)		0.2		(16.4)

Unrealized (gain) loss reclassified or adjusted from cash flow hedge reserve due to hedge de-designation	—		(0.2)		—		(0.2)
Time value excluded from hedge relationship	(0.1)		(0.9)		(6.4)		(7.4)
Balance, December 31, 2023	$	1.6	$	5.7	$	(9.2)	$	(1.9)
Unrealized gain (loss) recognized in cash flow hedge reserve	(13.1)		1.6		(28.2)		(39.7)
Realized (gain) loss reclassified or adjusted from cash flow hedge reserve	1.7		(7.2)		30.3		24.8
Realized time value related to premiums paid	—		—		2.2		2.2

Time value excluded from hedge relationship	—		(0.1)		4.9		4.8
Balance, December 31, 2024	$	(9.8)	$	—	$	—	$	(9.8)

Consisting of:
Current portion of hedge asset	$	—	$	—	$	—	$	—
Non-current portion of hedge asset	—		—		—		—
Current portion of hedge liability	$	(9.1)	$	—	$	—	$	(9.1)
Non-current portion of hedge liability	(0.7)		—		—		(0.7)
	$	(9.8)	$	—	$	—	$	(9.8)


			Years ended December 31,
	2024	2023
Consolidated balance sheets
Property, plant and equipment			$	1.0	$	(4.3)

Consolidated statements of earnings (loss)
Revenues			32.5		1.1
Cost of sales			(6.5)		(11.4)
General and administrative expenses			—		(0.2)

			26.0		(10.5)
Discontinued operations			—		(0.6)
			$	27.0	$	(15.4)