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SEGMENTED INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Disclosure of operating segments [abstract] |
Disclosure of operating segments [text block] | The Company manages its reportable operating segments by operating mines, development projects and exploration projects. The results from operations for these reportable operating segments are summarized in the following tables:
Year ended December 31, 2017
(in millions of U.S. dollars) | Rainy River | New Afton | Mesquite | Cerro San Pedro | Corporate | Other(1) | Discontinued Operations(4) | Total
Operating segment results |  |  |  |  |  |  |  |
Gold revenues | 33.6 | 94.1 | 215.7 | 42.5 | - | - | - | 385.9
Copper revenues | - | 203.8 | - | - | - | - | - | 203.8
Silver revenues | 0.7 | 4.1 | - | 9.9 | - | - | - | 14.7
Total revenues(2) | 34.3 | 302.0 | 215.7 | 52.4 | - | - | - | 604.4
Operating expenses | 38.5 | 107.1 | 122.7 | 52.7 | - | - | - | 321.0
Depreciation and depletion | 14.1 | 139.3 | 60.2 | 6.7 | - | - | - | 220.3
Revenue less cost of goods sold | (18.3) | 55.6 | 32.8 | (7.0) | - | - | - | 63.1
Corporate administration | - | - | - | - | 23.7 | - | - | 23.7
Corporate restructuring | - | - | - | - | 4.2 | - | - | 4.2
Share-based payment expenses | - | - | - | - | 5.1 | - | - | 5.1
Asset impairment | 268.4 | - | - | - | - | - | - | 268.4
Exploration and business development | 2.2 | 1.4 | - | - | 0.6 | 2.2 | - | 6.4
(Loss) income from operations | (288.9) | 54.2 | 32.8 | (7.0) | (33.6) | (2.2) | - | (244.7)
Finance income | - | - | - | 0.2 | 0.9 | - | - | 1.1
Finance costs | (1.7) | (1.0) | (0.4) | (0.5) | (9.4) | (0.2) | - | (13.2)
Other gains (losses) (3) | 12.2 | 2.4 | (7.4) | (1.2) | 0.3 | 32.9 | - | 39.2
(Loss) earnings before taxes | (278.4) | 55.6 | 25.0 | (8.5) | (41.8) | 30.5 | - | (217.6)
Income tax recovery (expense) | 86.0 | (0.2) | 31.3 | (0.7) | 2.9 | (3.4) | - | 115.9
(Loss) earnings (from continuing operations | (192.4) | 55.4 | 56.3 | (9.2) | (38.9) | 27.1 | - | (101.7)
Loss from discontinued operations, net of tax | - | - | - | - | - | - | (6.3) | (6.3)
Net (loss) earnings | (192.4) | 55.4 | 56.3 | (9.2) | (38.9) | 27.1 | (6.3) | (108.0)
| 1. | Other includes balances relating to the development and exploration properties that have no revenues or operating costs.
| 2. | Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2017.
| 3. | Other gains (losses) include foreign exchange revaluation, and a $33.0 million net gain on the disposal of the El Morro stream.
| 4. | Refer to Note 16 for further information on discontinued operations.
Year ended December 31, 2016
(in millions of U.S. dollars) | Rainy River | New Afton | Mesquite | Cerro San Pedro | Corporate | Other(1) | Discontinued Operations(4) | Total
Operating segment results |  |  |  |  |  |  |  |
Gold revenues | - | 110.4 | 141.7 | 79.7 | - | - | - | 331.8
Copper revenues | - | 172.4 | - | - | - | - | - | 172.4
Silver revenues | - | 4.4 | - | 14.2 | - | - | - | 18.6
Total revenues(2) | - | 287.2 | 141.7 | 93.9 | - | - | - | 522.8
Operating expenses | - | 104.8 | 71.5 | 99.2 | - | - | - | 275.5
Depreciation and depletion(3) | - | 152.3 | 38.9 | 8.9 | - | - | - | 200.1
Revenue less cost of goods sold | - | 30.1 | 31.3 | (14.2) | - | - | - | 47.2
Corporate administration | - | - | - | - | 22.9 | - | - | 22.9
Share-based payment expenses | - | - | - | - | 8.3 | - | - | 8.3
Asset impairment | - | - | - | - | - | 6.4 | - | 6.4
Exploration and business development | - | 2.1 | 1.9 | - | 0.4 | (0.3) | - | 4.1
Income (loss) from operations | - | 28.0 | 29.4 | (14.2) | (31.6) | (6.1) | - | 5.5
Finance income | - | - | - | 0.7 | 0.7 | - | - | 1.4
Finance costs | - | (0.7) | (0.4) | (0.9) | (7.7) | (0.2) | - | (9.9)
Other gains (losses) | - | 5.3 | 5.5 | (6.7) | (21.8) | 10.0 | - | (7.7)
Earnings (loss) before taxes | - | 32.6 | 34.5 | (21.1) | (60.4) | 3.7 | - | (10.7)
Income tax recovery (expense)(3) | - | 21.9 | (0.1) | 5.5 | (2.7) | (22.5) | - | 2.1
Earnings (loss) from continuing operations | - | 54.5 | 34.4 | (15.6) | (63.1) | (18.8) | - | (8.6)
Earnings from discontinued operations, net of tax | - | - | - | - | - | - | 1.6 | 1.6
Net earnings (loss) | - | 54.5 | 34.4 | (15.6) | (63.1) | (18.8) | 1.6 | (7.0)
| 1. | Other includes balances relating to the development and exploration properties that have no revenues or operating costs.
| 2. | Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2016.
| 3. | Prior period comparatives have been revised as per note 5.
| 4. | Refer to Note 16 for further information on discontinued operations
Disclosure of detailed information about segmented assets and liabilities [text block] | The following table presents the segmented assets and liabilities:
| Total assets | Total liabilities | Capital expenditures(1)
| As at December 31 | As at December 31 | As at December 31 | As at December 31 | Year ended December 31
(in millions of U.S. dollars) | 2017 | 2016(3) | 2017 | 2016(3) | 2017 | 2016(3)
Segmented assets and liabilities |  |  |  |  |  |
Rainy River | 1,774.2 | 1,505.1 | 454.4 | 545.6 | 499.3 | 466.4
New Afton | 874.5 | 961.5 | 147.8 | 128.4 | 42.2 | 40.9
Mesquite | 482.3 | 513.3 | 96.3 | 139.9 | 12.8 | 35.6
Peak Mines | - | 170.9 | - | 64.4 | - | -
Cerro San Pedro | 43.9 | 60.5 | 26.7 | 29.8 | 0.7 | 1.0
Blackwater | 560.8 | 547.8 | 56.9 | 55.6 | 11.3 | 10.0
Other(2)(5) | 172.6 | 173.9 | 1,032.9 | 896.1 | 0.7 | 2.0
| 3,908.3 | 3,933.0 | 1,815.0 | 1,859.8 | 567.0 | 555.9
Assets and liabilities held for sale and capital expenditures from discontinued operations(4) | 109.0 | - | 62.8 | - | 34.7 | 11.1
Total assets, liabilities and capital expenditures | 4,017.3 | 3,933.0 | 1,877.8 | 1,859.8 | 601.7 | 567.0
| 1. | Capital expenditures per consolidated statement of cash flows.
| 2. | Other includes corporate balances, exploration properties and the El Morro gold stream asset.
| 3. | Prior-year period comparatives have been revised as per note 5.
| 4. | Refer to Note 16 for further information on assets and liabilities held for sale.
| 5. | Other includes Peak Mines’ cash and cash equivalents, which do not form part of the net assets held for sale.
Disclosure of geographical areas [text block] | The Company operates in four principal geographical areas - Canada (country of domicile), the United States, Australia, and Mexico. The Company's revenue by location of operations and information about the Company’s non-current assets by location of assets are detailed below for the years ended December 31, 2017 and 2016.
Revenue(1) | Non-current assets(2)
(in millions of U.S. dollars) | 2017 | 2016 | 2017 | 2016
Revenue and non-current assets by location |  |  |  |
Canada | 336.3 | 287.2 | 2,971.0 | 2,762.4
United States | 215.7 | 141.7 | 302.4 | 359.2
Australia(3) | - | - | 85.3 | 121.2
Mexico | 52.4 | 93.9 | 5.1 | 17.8
Other | - | - | 0.6 | 34.0
Total | 604.4 | 522.8 | 3,364.4 | 3,294.6
| 1. | Presented based on the location in which the sale originated.
| 2. | Non-current assets exclude financial instruments (investments, reclamation deposits and other) and deferred tax assets.
| 3. | For the years ended December 31, 2017 and 2016, revenue from Peak Mines is included in earnings from discontinued operations. As at December 31, 2017, the Company’s non-current assets held in Australia are classified as assets held-for-sale.
Disclosure of major customers [text block] | The following table presents sales to individual customers exceeding 10% of annual sales for the following periods. The following three customers represent 79% (2016 – 71%) of the Company’s concentrate and doré sales revenue for the years ended December 31.
|  |  | Year ended December 31
(in millions of U.S. dollars) |  |  | 2017 | 2016
Customer | Reporting segment |  |  |  |
1 | Mesquite(1) |  |  | 210.8 | 138.7
| Rainy River(1) |  |  | 34.3 | -
| Cerro San Pedro (1) |  |  | 4.4 | 34.1
2 | New Afton |  |  | 125.5 | 99.8
3 | New Afton |  |  | 99.8 | 99.3
Total sales to customers exceeding 10% of annual sales(2) | 474.8 | 371.9
| 1. | Mesquite, Rainy River and Cerro San Pedro all sell to the same customer.
| 2. | Amounts presented exclude sales generated from Peak Mines, which has been classified as a discontinued operation for the year ended December 31, 2017.

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