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Segmented information (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024
(in millions of U.S. dollars) | Rainy River | New Afton | Other(1) |  | Total
OPERATING SEGMENT RESULTS |  |  |  |  |
Gold revenues | 551.1 |  | 156.6 |  | — |  |  | 707.7 |
Copper revenues | — |  | 198.5 |  | — |  |  | 198.5 |
Silver revenues | 14.7 |  | 3.6 |  | — |  |  | 18.3 |
Total revenues(2) | 565.8 |  | 358.7 |  | — |  |  | 924.5 |
Operating expenses | 275.6 |  | 160.7 |  | — |  |  | 436.3 |
Depreciation and depletion | 175.4 |  | 72.1 |  | — |  |  | 247.5 |
Revenue less cost of goods sold | 114.8 |  | 125.9 |  | — |  |  | 240.7 |
Corporate administration | — |  | — |  | 24.9 |  |  | 24.9 |
Share-based payment expenses | — |  | — |  | 13.7 |  |  | 13.7 |
Exploration and business development(3) | 9.1 |  | 12.7 |  | (2.0) |  |  | 19.8 |
Earnings (loss) from operations | 105.7 |  | 113.2 |  | (36.6) |  |  | 182.3 |
Finance income |  |  |  |  | 6.9 |
Finance costs |  |  |  |  | (17.1) |
Other losses |  |  |  |  | (88.9) |
Income before taxes |  |  |  |  | 83.2 |
1.Other includes corporate balances and CSP. 2.Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2024. 3.Exploration and business development in Other includes BC Exploration tax credits of $3.2 million received in the year ended December 31, 2024.
Year ended December 31, 2023
(in millions of U.S. dollars) | Rainy River | New Afton | Other(1) |  | Total
OPERATING SEGMENT RESULTS |  |  |  |  |
Gold revenues | 494.3 |  | 118.4 |  | — |  |  | 612.7 |
Copper revenues | — |  | 160.3 |  | — |  |  | 160.3 |
Silver revenues | 11.1 |  | 2.4 |  | — |  |  | 13.5 |
Total revenues(2) | 505.4 |  | 281.1 |  | — |  |  | 786.5 |
Operating expenses | 284.7 |  | 165.7 |  | — |  |  | 450.4 |
Depreciation and depletion | 166.9 |  | 67.3 |  | — |  |  | 234.2 |
Revenue less cost of goods sold | 53.8 |  | 48.1 |  | — |  |  | 101.9 |
Corporate administration | — |  | — |  | 24.5 |  |  | 24.5 |
Share-based payment expenses | — |  | — |  | 5.4 |  |  | 5.4 |
Exploration and business development | 0.2 |  | 9.2 |  | 0.8 |  |  | 10.2 |
Earnings (loss) from operations | 53.6 |  | 38.9 |  | (30.7) |  |  | 61.8 |
Finance income |  |  |  |  | 7.5 |
Finance costs |  |  |  |  | (13.2) |
Other losses |  |  |  |  | (115.3) |
Income before taxes |  |  |  |  | (59.2) |
1.Other includes corporate balances and Cerro San Pedro. 2.Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2023
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) | 2024 | 2023 | 2024 | 2023 |  |  | 2024 | 2023
SEGMENTED ASSETS AND LIABILITIES |  |  |  |  |  |  |  |
Rainy River | 985.9 |  | 1,015.4 |  | 361.1 |  | 357.1 |  |  |  | 131.1 |  | 120.6 |
New Afton | 923.1 |  | 1,101.1 |  | 147.1 |  | 708.0 |  |  |  | 139.9 |  | 145.1 |
Other (2) | 94.8 |  | 169.5 |  | 443.2 |  | 431.7 |  |  |  | 0.1 |  | 0.2 |
Total segmented assets, liabilities and capital expenditures | 2,003.8 |  | 2,286.0 |  | 951.5 |  | 1,496.8 |  |  |  | 271.1 |  | 265.9 |
1.Capital expenditures per consolidated statement of cash flows. 2.Other 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 four customers represent 90.0% (2023 – five customers representing 91.6%) of the Company’s sales revenue for the year ended December 31, 2024.
|  | Year ended December 31
(in millions of U.S. dollars) |  | 2024
CUSTOMER | REPORTING SEGMENT |
1 | Rainy River | 324.1 |
2 | Rainy River | 241.3 |
3 | New Afton | 167.1 |
4 | New Afton | 99.9 |
Total sales to customers exceeding 10% of annual sales | 832.4 |
| Year ended December 31
(in millions of U.S. dollars) |  | 2023
CUSTOMER | REPORTING SEGMENT |
1 | Rainy River | 206.0 |
2 | Rainy River | 198.6 |
3 | New Afton | 125.7 |
4 | Rainy River | 99.3 |
5 | New Afton | 91.1 |
Total sales to customers exceeding 10% of annual sales | 720.7 |

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