SEGMENTED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Reportable Operating Segments

The Company’s reportable operating segments, which are components of the Company’s business where separate financial information is available and which are evaluated on a regular basis by the Company’s Chief Executive Officer, who is the Company’s chief operating decision maker, for the purpose of assessing performance, are summarized in the tables below:

For the year ended December 31, 2017


In $000s	Product		Sales		Royalty revenue		Cost of sales, excluding depletion		Depletion		Impairment of mineral, royalty and other interests		(Gain) loss on disposal of mineral interest and other		Income (loss) before taxes		Cash flow from operating activities
Bachelor Lake, Canada		Gold	$	7,706	$	379	$	3,082	$	4,074	$	-	$	(2,952)	$	3,881	$	5,030
Black Fox, Canada		Gold		6,693		-		2,847		2,520		-		-		1,326		3,953
Chapada, Brazil		Copper		11,001		-		3,249		3,765		-		-		3,987		7,753
Diavik, Canada		Diamonds		-		7,150		-		6,080		-		-		1,070		6,781
Karma, Burkina Faso		Gold		6,863		-		1,365		3,437		-		-		2,061		5,489
Ming, Canada		Gold		796		-		-		356		-		-		440		796
Santa Elena, Mexico		Gold		11,570		-		3,485		1,098		-		-		6,987		7,548
Yamana silver stream, Argentina		Silver		4,252		-		1,267		2,253		-		-		732		2,985
Other Royalties 1		Various		-		11,538		-		5,894		9,104		(866)		(2,594)		13,693
Other		Gold		327		-		26		103		-		221		(23)		294
Total Segments			$	49,208	$	19,067	$	15,321	$	29,580	$	9,104	$	(3,597)	$	17,867	$	54,322

Corporate:
Administration & Project evaluation expenses				-		-		-		-		-		-		(11,300)		(7,408)
Foreign exchange gain				-		-		-		-		-		-		2,434		-
Gain on revaluation of investments				-		-		-		-		-		-		5,827		-
Finance expense, net				-		-		-		-		-		-		(1,465)		(1,593)
Other				-		-		-		-		-		(1,251)		1,251		(548)
Total Corporate			$	-	$	-	$	-	$	-	$	-	$	(1,251)	$	(3,253)	$	(9,549)

Consolidated			$	49,208	$	19,067	$	15,321	$	29,580	$	9,104		(4,848)	$	14,614	$	44,773


	1)	Where a mineral interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents a royalty on gold, silver or other metal, the Royalty interest has been summarized under Other Royalties. Other Royalties includes royalty revenue from Bracemac-McLeod, Gualcamayo, Emigrant Springs, Mine Waste Solutions, San Andres, Thunder Creek, Copper Mountain, Forrestania and Sheerness. Includes royalty revenue from royalty interests located in Canada of $5.7 million, in the United States of $1.5 million, Argentina of $1.8 million, Honduras of $1.8 million and other of $0.7 million. Includes royalty revenue from Gold of $6.5 million, Copper of $1.5 million and Other Base Metals of $3.5 million.

For the year ended December 31, 2016


In $000s	Product		Sales		Royalty revenue		Cost of sales, excluding depletion		Depletion		Impairment of mineral, royalty and other interests		(Gain) loss on disposal of mineral interest and other		Income (loss) before taxes		Cash flow from operating activities
Bachelor Lake, Canada		Gold	$	8,721	$	462	$	3,494	$	4,411	$	-	$	-	$	1,278	$	5,481
Black Fox, Canada		Gold		5,617		-		2,354		2,011		-		-		1,252		2,951
Chapada, Brazil		Copper		6,075		-		1,843		2,737		-		-		1,495		4,232
Diavik, Canada		Diamonds		-		5,856		-		5,519		-		-		337		5,901
Karma, Burkina Faso		Gold		4,272		-		860		2,095		-		-		1,317		3,314
Ming, Canada		Gold		2,025		-		-		792		-		-		1,233		2,025
Santa Elena, Mexico		Gold		11,772		-		3,385		2,001		-		-		6,386		8,460
Yamana silver stream, Argentina		Silver		2,926		-		876		1,427		-		-		623		2,050
Other Royalties 1		Various		-		14,419		4		6,592		2,507		-		5,316		14,073
Other		Gold		226		-		18		69		-		-		139		208
Total Segments			$	41,634	$	20,737	$	12,834	$	27,654	$	2,507	$	-	$	19,376	$	48,695

Corporate:
Administration & Project evaluation expenses				-		-		-		-		-		-		(10,095)		(6,758)
Foreign exchange loss				-		-		-		-		-		-		(87)		-
Gain on revaluation of investments				-		-		-		-		-		-		22,093		-
Finance expense, net				-		-		-		-		-		-		(395)		(2,388)
Other				-		-		-		-		-		1,107		(1,107)		(558)
Total Corporate			$	-	$	-	$	-	$	-	$	-	$	1,107	$	10,409	$	(9,704)

Consolidated			$	41,634	$	20,737	$	12,834	$	27,654	$	2,507		1,107	$	29,785	$	38,991


	1)	Where a mineral interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents a royalty on gold, silver or other metal, the Royalty interest has been summarized under Other Royalties. Other Royalties includes royalty revenue from Bracemac-McLeod, Gualcamayo, Emigrant Springs, Mine Waste Solutions, San Andres, Thunder Creek, Copper Mountain, Forrestania and Sheerness. Includes royalty revenue from royalty interests located in Canada of $5.6 million, in the United States of $2.5 million, Argentina of $1.9 million, Honduras of $3.7 million and other of $0.7 million. Includes royalty revenue from Gold of $9.2 million, Copper of $2.5 million and Other Base Metals of $2.7 million.

Schedule of Assets by Segments

Total assets as of:



In $000s	December 31, 2017		December 31, 2016
Aurizona	$	10,723	$	10,723
Bachelor Lake		1,124		5,268
Black Fox		11,350		13,946
Chapada		63,026		66,791
Diavik		36,739		42,450
Hot Maden 1		183,271		5,818
Hugo North Extension and Heruga		35,351		35,351
Karma		21,034		24,389
Ming		11,300		11,653
Santa Elena		3,693		4,345
Yamana silver stream		70,556		72,807
Other Royalties 2		96,131		108,844
Other 3		7,423		6,190
Total Segments	$	551,721	$	408,575

Corporate:
Cash		12,539		21,434
Investments		78,882		61,293
Deferred Tax Assets		13,581		16,934
Deferred Financing Costs and Other		4,192		3,289
Loan Receivable		-		23,357
Total Corporate	$	109,194	$	126,307

Consolidated	$	660,915	$	534,882



	1)	Includes royalty interest of $5.8 million and investment in associate of $177.5 million in 2017. Includes $5.8 million royalty interest in 2016.
	2)	Where a mineral interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents a royalty on gold, silver or other metal, the Royalty interest has been summarized under Other Royalties. Includes Bracemac-McLeod, Coringa, Mt. Hamilton, Paul Isnard, Prairie Creek, Ann Mason, Gualcamayo, Emigrant Springs, Mine Waste Solutions, San Andres, Sao Francisco, Sao Vicente, Thunder Creek, Bomboré, Hackett River, Lobo-Marte, Agi Dagi & Kirazli and other.
	3)	Includes Koricancha Stream and other.

Non-current assets by geographical region as of:



In $000s	December 31, 20171		December 31, 20161

North America
Canada	$	86,832	$	99,728
USA		16,055		21,403
Mexico		2,874		4,033

South & Central America
Argentina	$	94,166	$	95,191
Brazil		77,113		85,410
French Guiana		5,154		5,153
Peru		6,434		4,899
Honduras		1,430		2,248
Chile		2,460		2,460
Paraguay		-		1,264

Africa
Burkina Faso	$	20,087	$	26,807
South Africa		4,301		4,066
Cote D'Ivoire		400		-
Botswana		1,017		-

Asia & Australia
Turkey	$	187,725	$	10,260
Mongolia		36,589		36,589
Australia		2,891		3,274

Consolidated	$	545,528	$	402,785

1)	Includes Mineral, Royalty and Other Interests (Note 6), Investment in Associate (Note 8) and Exploration Assets.