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FAIR VALUE MEASUREMENT (Tables) | 12 Months Ended
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Dec. 31, 2019
FAIR VALUE MEASUREMENT |
Schedule of financial assets and liabilities by category and information about financial assets and liabilities measured at fair value on recurring basis | The following table summarizes the Company’s financial assets and liabilities by category and information about financial assets and liabilities measured at fair value on a recurring basis in the statement of financial position categorized by level of significance of the inputs used in making the measurements:
|  |  |  | As at December 31, 2019 |  | As at December 31, 2018
(in millions of U.S. dollars) |  | Category |  | Level |  |  |  | Level |  |
FINANCIAL ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | Financial assets at amortized cost |  |  |  | 83.4 |  |  |  | 103.7
Trade and other receivables |  | Financial assets at amortized cost |  |  |  | 14.5 |  |  |  | 36.6
Provisionally priced contracts |  | Financial instruments at FVTPL |  | 2 |  | 1.5 |  | 2 |  | (1.6)
Gold and copper swap contracts |  | Financial instruments at FVTPL |  | 2 |  | (1.3) |  | 2 |  | 0.9
Copper price option contracts |  | Financial Instruments at FVTPL |  | 2 |  | — |  | 2 |  | 0.7
Proceeds due from income tax refunds at Mesquite(2) |  | Financial assets at amortized cost |  | 3 |  | 9.0 |  | 3 |  | 8.5
Investments |  | Financial instruments at FVTPL |  | 1 |  | 0.5 |  | 1 |  | 0.8
FINANCIAL LIABILITIES |  |  |  |  |  |  |  |  |  |
Trade and other payables(1) |  | Financial liabilities at amortized cost |  |  |  | 111.3 |  |  |  | 101.3
Long-term debt |  | Financial liabilities at amortized cost |  |  |  | 714.5 |  |  |  | 780.5
Gold stream obligation |  | Financial instruments at FVTPL |  | 3 |  | 164.5 |  | 3 |  | 182.4
Performance share units |  | Financial instruments at FVTPL |  | 3 |  | 0.2 |  | 3 |  | 0.2
Restricted share units |  | Financial instruments at FVTPL |  | 1 |  | 0.5 |  | 1 |  | 0.3
Deferred share units |  | Financial instruments at FVTPL |  | 1 |  | 1.1 |  | 1 |  | 0.3
Gold price option contracts |  | Financial instruments at FVTPL |  | 2 |  | 26.4 |  | 2 |  | 4.8
| 1. |  | Trade and other payables exclude the short-term portion of reclamation and closure cost obligations and the short-term portion of the gold stream obligation.
Proceeds due from income tax refunds at Mesquite are included in current assets on the consolidated statement of financial position
Schedule of carrying values and fair values of financial instruments | The carrying values and fair values of the Company’s financial instruments are as follows:
|  | As at December 31, 2019 |  | As at December 31, 2018
|  | Carrying |  |  |  | Carrying |  |
(in millions of U.S. dollars) |  | value |  | Fair value |  | value |  | Fair value
FINANCIAL ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 83.4 |  | 83.4 |  | 103.7 |  | 103.7
Trade and other receivables |  | 14.5 |  | 14.5 |  | 36.6 |  | 36.6
Provisionally priced contracts |  | 1.5 |  | 1.5 |  | (1.6) |  | (1.6)
Gold and copper swap contracts |  | (1.3) |  | (1.3) |  | 0.9 |  | 0.9
Copper price option contracts |  | — |  | — |  | 0.7 |  | 0.7
Proceeds due from income tax refunds at Mesquite(2) |  | 9.0 |  | 9.0 |  | 8.5 |  | 8.5
Investments |  | 0.5 |  | 0.5 |  | 0.8 |  | 0.8
FINANCIAL LIABILITIES |  |  |  |  |  |  |  |
Trade and other payables(1) |  | 111.3 |  | 111.3 |  | 101.3 |  | 101.3
Long-term debt |  | 714.5 |  | 707.7 |  | 780.5 |  | 652.9
Gold stream obligation |  | 164.5 |  | 164.5 |  | 182.4 |  | 182.4
Performance share units |  | 0.2 |  | 0.2 |  | 0.2 |  | 0.2
Restricted share units |  | 0.5 |  | 0.5 |  | 0.3 |  | 0.3
Deferred share units |  | 1.1 |  | 1.1 |  | 0.3 |  | 0.3
Gold price option contracts |  | 26.4 |  | 26.4 |  | 4.8 |  | 4.8
| 1. |  | Trade and other payables exclude the short-term portion of reclamation and closure cost obligation and the short-term portion of the gold stream obligation.
Proceeds due from income tax refunds at Mesquite are included in other non-current assets on the consolidated statement of financial position

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