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Segmented information (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of operating segments [abstract] |
Schedule of operating segments | The results from operations for these reportable operating segments are summarized in the following tables:
Year ended December 31, 2022
(in millions of U.S. dollars) | Rainy River | New Afton | Corporate & Other |  | Total
OPERATING SEGMENT RESULTS |  |  |  |  |
Gold revenues | 413.1 |  | 69.0 |  | — |  |  | 482.1 |
Copper revenues | — |  | 111.8 |  | — |  |  | 111.8 |
Silver revenues | 8.6 |  | 1.9 |  | — |  |  | 10.5 |
Total revenues(1) | 421.7 |  | 182.7 |  | — |  |  | 604.4 |
Operating expenses | 230.4 |  | 152.3 |  | — |  |  | 382.7 |
Depreciation and depletion | 148.1 |  | 47.3 |  | — |  |  | 195.4 |
Revenue less cost of goods sold | 43.2 |  | (16.9) |  | — |  |  | 26.3 |
Corporate administration | — |  | — |  | 21.3 |  |  | 21.3 |
Corporate restructuring(2) | — |  | — |  | 2.1 |  |  | 2.1 |
Share-based payment expenses | — |  | — |  | 2.6 |  |  | 2.6 |
Exploration and business development | 2.7 |  | 12.8 |  | 0.5 |  |  | 16.0 |
Income (loss) from operations | 40.5 |  | (29.7) |  | (26.5) |  |  | (15.7) |
1.Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2022. 2.In December 2022, the Company recognized a restructuring charge of $2.1 million in severance and other termination benefits related to changes at the executive leadership level of the organization.
Year ended December 31, 2021
(in millions of U.S. dollars) | Rainy River | New Afton | Corporate & Other |  | Total
OPERATING SEGMENT RESULTS |  |  |  |  |
Gold revenues | 410.9 |  | 81.7 |  | — |  |  | 492.6 |
Copper revenues | — |  | 232.7 |  | — |  |  | 232.7 |
Silver revenues | 15.0 |  | 5.2 |  | — |  |  | 20.2 |
Total revenues(1) | 425.9 |  | 319.6 |  | — |  |  | 745.5 |
Operating expenses | 226.5 |  | 150.8 |  | — |  |  | 377.3 |
Depreciation and depletion | 148.0 |  | 47.7 |  | — |  |  | 195.7 |
Revenue less cost of goods sold | 51.4 |  | 121.1 |  | — |  |  | 172.5 |
Corporate administration | — |  | — |  | 21.8 |  |  | 21.8 |
Share-based payment expenses | — |  | — |  | 2.2 |  |  | 2.2 |
Exploration and business development | 1.7 |  | 8.7 |  | 0.8 |  |  | 11.2 |
Income (loss) from operations | 49.7 |  | 112.4 |  | (24.8) |  |  | 137.3 |
1.Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31,2021.
Schedule of segmented assets and liabilities | 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) | 2022 | 2021 | 2022 | 2021 |  |  | 2022 | 2021
SEGMENTED ASSETS AND LIABILITIES |  |  |  |  |  |  |  |
Rainy River | 1,067.4 |  | 1,077.1 |  | 340.1 |  | 371.5 |  |  |  | 144.8 |  | 102.9 |
New Afton | 979.9 |  | 901.7 |  | 518.4 |  | 624.8 |  |  |  | 148.0 |  | 144.3 |
Corporate and Other (2) | 196.2 |  | 498.0 |  | 425.5 |  | 524.6 |  |  |  | 0.1 |  | 0.1 |
Total segmented assets, liabilities and capital expenditures | 2,243.5 |  | 2,476.8 |  | 1,284.0 |  | 1,520.9 |  |  |  | 292.9 |  | 247.3 |
1.Capital expenditures per consolidated statement of cash flows. 2.Includes corporate balances and Cerro San Pedro.
Schedule of Information about major customers | The following table presents sales to individual customers exceeding 10% of annual sales. The following five customers represent 90.4% (2021 – five customers representing 99.4%) of the Company’s sales revenue for the year ended December 31, 2022.
|  | Year ended December 31
(in millions of U.S. dollars) |  | 2022
CUSTOMER | REPORTING SEGMENT |
1 | Rainy River | 174.1 |
2 | Rainy River | 134.3 |
3 | Rainy River | 112.1 |
4 | New Afton | 76.1 |
5 | New Afton | 49.6 |
Total sales to customers exceeding 10% of annual sales | 546.2 |
| Year ended December 31
(in millions of U.S. dollars) |  | 2021
CUSTOMER | REPORTING SEGMENT |
1 | New Afton | 178.6 |
2 | Rainy River | 174.2 |
3 | Rainy River | 144.0 |
4 | New Afton | 138.8 |
5 | Rainy River | 105.6 |
Total sales to customers exceeding 10% of annual sales | 741.2 |

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