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FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Financial Instruments [Abstract] |
Disclosure of financial liabilities | 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 arrangements 1 | 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) |

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