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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Measurement [Abstract]  
Fair value measurement of assets The Company's fair values of financial assets and liabilities
December 31, 2024
Carrying AmountLevel 1Level 2Level 3Total Fair Value
Assets
Cash and cash equivalents$347.5 $347.5 $— $— $347.5 
Short-term investments1.0 1.0 — — 1.0 
Restricted cash68.4 68.4 — — 68.4 
Marketable securities10.3 10.3 — — 10.3 
Bond fund investments1.0 1.0 — — 1.0 
Deferred consideration from the sale of Sadiola17.1 — — 17.1 17.1 
Derivatives
Embedded derivative - prepayment options on Term Loan26.7 — 26.7 — 26.7 
$472.0 $428.2 $26.7 $17.1 $472.0 
Liabilities
Derivatives
Currency contracts$(9.8)$— $(9.8)$— $(9.8)
Long-term debt - Notes1
(452.0)(435.8)— — (435.8)
Long-term debt - Term Loan2
(400.8)— (449.2)— (449.2)
Long-term debt - equipment loans(2.1)— (2.3)— (2.3)
Long-term debt - Credit Facility (220.0)— (220.0)— (220.0)
$(1,084.7)$(435.8)$(681.3)$— $(1,117.1)
1.The carrying amount excludes unamortized deferred transaction costs of $3.6 million and the embedded derivative.
2.The carrying amount excludes unamortized deferred transaction costs of $3.7 million, the 3% original discount and the embedded derivative.
December 31, 2023
Carrying AmountLevel 1Level 2Level 3Total Fair Value
Assets
Cash and cash equivalents$367.1 $367.1 $— $— $367.1 
Restricted cash90.5 90.5 — — 90.5 
Marketable securities and warrants14.2 14.2 — — 14.2 
Bond fund investments2.0 2.0 — — 2.0 
Deferred consideration from the sale of Sadiola 15.2 — — 15.2 15.2 
Derivatives
Currency contracts1.6 — 1.6 — 1.6 
Crude oil contracts1
5.7 — 5.7 — 5.7 
Embedded derivative - prepayment options on Term Loan5.1 — 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(0.5)— (0.5)— (0.5)
Long-term debt - Notes2
(452.5)(388.3)— — (388.3)
Long-term debt - Term Loan3
(400.9)— (411.0)— (411.0)
Long-term debt - equipment loan4
(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 transaction costs of $4.5 million and the embedded derivative.
3.The carrying amount excludes unamortized deferred transaction costs of $8.2 million, the 3% original discount 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, 2024
Carrying AmountLevel 1Level 2Level 3Total Fair Value
Assets
Cash and cash equivalents$347.5 $347.5 $— $— $347.5 
Short-term investments1.0 1.0 — — 1.0 
Restricted cash68.4 68.4 — — 68.4 
Marketable securities10.3 10.3 — — 10.3 
Bond fund investments1.0 1.0 — — 1.0 
Deferred consideration from the sale of Sadiola17.1 — — 17.1 17.1 
Derivatives
Embedded derivative - prepayment options on Term Loan26.7 — 26.7 — 26.7 
$472.0 $428.2 $26.7 $17.1 $472.0 
Liabilities
Derivatives
Currency contracts$(9.8)$— $(9.8)$— $(9.8)
Long-term debt - Notes1
(452.0)(435.8)— — (435.8)
Long-term debt - Term Loan2
(400.8)— (449.2)— (449.2)
Long-term debt - equipment loans(2.1)— (2.3)— (2.3)
Long-term debt - Credit Facility (220.0)— (220.0)— (220.0)
$(1,084.7)$(435.8)$(681.3)$— $(1,117.1)
1.The carrying amount excludes unamortized deferred transaction costs of $3.6 million and the embedded derivative.
2.The carrying amount excludes unamortized deferred transaction costs of $3.7 million, the 3% original discount and the embedded derivative.
December 31, 2023
Carrying AmountLevel 1Level 2Level 3Total Fair Value
Assets
Cash and cash equivalents$367.1 $367.1 $— $— $367.1 
Restricted cash90.5 90.5 — — 90.5 
Marketable securities and warrants14.2 14.2 — — 14.2 
Bond fund investments2.0 2.0 — — 2.0 
Deferred consideration from the sale of Sadiola 15.2 — — 15.2 15.2 
Derivatives
Currency contracts1.6 — 1.6 — 1.6 
Crude oil contracts1
5.7 — 5.7 — 5.7 
Embedded derivative - prepayment options on Term Loan5.1 — 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(0.5)— (0.5)— (0.5)
Long-term debt - Notes2
(452.5)(388.3)— — (388.3)
Long-term debt - Term Loan3
(400.9)— (411.0)— (411.0)
Long-term debt - equipment loan4
(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 transaction costs of $4.5 million and the embedded derivative.
3.The carrying amount excludes unamortized deferred transaction costs of $8.2 million, the 3% original discount and the embedded derivative
4.The carrying amount excludes unamortized deferred transaction costs of $0.1 million.