MINERAL PROPERTIES AND PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

Disclosure of detailed information about property, plant and equipment [line items]

MINERAL PROPERTIES AND PROPERTY, PLANT AND EQUIPMENT

10. MINERAL PROPERTIES AND PROPERTY, PLANT AND EQUIPMENT

Note

Mineral
Properties -
Depletable

Mineral
Properties -
Non depletable

Construction in Progress

Property, Plant & Equipment

Total

COST

Balance at December 31, 2020

327,414

250,145

188,960

378,754

1,145,273

Acquisiton of Roxgold

112,499

697,537

15,047

70,453

895,536

Additions

54,882

59,600

34,210

23,433

172,125

Changes in closure and reclamation provision

2,262

1,552

(85)

3,729

Disposals

(5,643)

Transfers

261,055

(242,038)

(227,591)

208,574

Balance at December 31, 2021

758,112

766,796

10,626

675,486

2,211,020

ACCUMULATED DEPLETION

Balance at December 31, 2020

191,842

162,304

354,146

Disposals

(4,319)

Depletion and depreciation

83,618

65,221

148,839

Balance at December 31, 2021

275,460

223,206

498,666

Net Book Value at December 31, 2021

482,652

766,796

10,626

452,280

1,712,354


		Mineral Properties - Depletable		Mineral Properties - Non depletable		Construction in Progress		Property, Plant & Equipment		Total
COST
Balance at December 31, 2019	$	312,577	$	211,799	$	222,906	$	286,732	$	1,034,014
Additions		12,143		33,804		49,333		9,805		105,085
Changes in closure and reclamation provision		3,927		4,730		-		682		9,339
Disposals		(1,233)		(188)		-		(1,744)		(3,165)
Transfers		-		-		(83,279)		83,279		-
Balance at December 31, 2020	$	327,414	$	250,145	$	188,960	$	378,754	$	1,145,273

ACCUMULATED DEPLETION
Balance at December 31, 2019	$	170,857	$	-	$	-	$	133,982	$	304,839
Disposals		(543)		-		-		(1,126)		(1,669)
Depletion and depreciation		21,528		-		-		29,448		50,976
Balance at December 31, 2020	$	191,842	$	-	$	-	$	162,304	$	354,146

Net Book Value at December 31, 2020	$	135,572	$	250,145	$	188,960	$	216,450	$	791,127

Non-depletable mineral properties include $22.0 million of exploration and evaluation assets (December 31, 2020 - $9.0 million).

On November 4, 2021, the Company entered into a fourth amended and restated credit agreement, effective November 5, 2021. The Company’s principal operating subsidiaries in Mexico, Peru, Côte d’Ivoire and Burkina Faso, and their respective direct and indirect holding companies, have guaranteed the obligations of the Company contemplated by the Amended Credit Facility. The Company has pledged all of its assets to secure the payment of its obligations contemplated by the Amended Credit Facility and the Company’s principal operating subsidiaries in Mexico and Peru, as well as the direct and indirect holding companies of the Company’s principal operating subsidiaries in Mexico, Peru, Côte d’Ivoire and Burkina Faso, have pledged all of their respective assets to secure their respective guarantees of such payment, including the shares of the Company’s principal operating subsidiaries in Mexico, Peru, Côte d’Ivoire and Burkina Faso. The Company’s principal operating subsidiary in Burkina Faso has pledged its bank accounts to secure the obligations under its guarantee. (Note 15 (a)).