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GOLD STREAM OBLIGATION (Tables)
 12 Months Ended
Dec. 31, 2019
GOLD STREAM OBLIGATION  
Schedule of Gold Stream Obligation

The following is a summary of the changes in the Company’s gold stream obligation:

 

 

 

 

 

    

    

(in millions of U.S. dollars)

    

  

CHANGE IN STREAM OBLIGATION

 

  

Balance, December 31, 2017

 

273.5

Settlements during the period

 

(15.0)

Fair value adjustments related to changes in the Company’s own credit risk(1)  

 

(66.6)

Other fair value adjustments(2)  

 

(11.7)

Balance, December 31, 2018

 

180.2

Less: current portion of gold stream obligation(3)

 

(18.3)

Non-current portion of gold stream obligation

 

161.9

Balance, December 31, 2018

 

180.2

Settlements during the period

 

(20.0)

Fair value adjustments related to changes in the Company’s own credit risk(1)  

 

24.4

Other fair value adjustments(2)  

 

(20.1)

Balance, December 31, 2019

 

164.5

Less: current portion of gold stream obligation(3)

 

(21.6)

Non-current portion of gold stream obligation

 

142.9

1.

Fair value adjustments related to changes in the Company’s own credit risk are included in other comprehensive income.

2.

Other fair value adjustments are included in the consolidated income statements.

3.

The current portion of the gold stream obligation is included in trade and other payables on the statement of financial position.