NON-CONTROLLING INTEREST

12 Months Ended

Dec. 31, 2021

Ifrs Non-Controlling Interest [Abstract]

Disclosure of non-controlling interests [text block]

31. NON-CONTROLLING INTEREST

As at December 31, 2021, the non-controlling interest (“NCI”) of the Government of Burkina Faso, which represents 10% in Roxgold SANU S.A. totalled $12.1 million. The income attributable to the NCI for the six months ended December 31, 2021, totalling $1.5 million is based on the net income for Yaramoko.

As at December 31, 2021, the NCI of the Government of Côte d’Ivoire, which represents 10% in Roxgold Sango S.A. totalled $42.3 million. The loss attributable to the NCI for the six months ended December 31, 2021, totalling $0.1 million is based on the net loss for Séguéla.


Summarized statement of financial position

As of December 31, 2021	Yaramoko		Séguéla
Non-controlling interest percentage		10%		10%
Current assets	$	60,225	$	12,036
Non-current assets		200,406		62,146
Current liabilities		(32,754)		(21,312)
Non-current liabilities		(111,353)		(52,484)
Net assets	$	116,524	$	386

Non-controlling interest	$	12,095	$	42,327

Summarized income statement

For the period ended December 31, 2021	Yaramoko		Séguéla
Revenue	$	101,256	$	-
Net income (loss) and comprehensive income (loss)	$	15,945	$	(729)

Summarized cash flows

For the period ended December 31, 2021	Yaramoko		Séguéla
Cash flows provided by operating activities	$	28,566	$	(144)
Cash flows used in investing activities	$	(28,429)		(25,631)
Cash flows (used in) provided by financing activities	$	(14,804)	$	37,601