NON-CONTROLLING INTEREST

12 Months Ended

Dec. 31, 2022

Ifrs Non-Controlling Interest [Abstract]

28. NON-CONTROLLING INTEREST

As at December 31, 2022, the non-controlling interest (“NCI”) of the Government of Burkina Faso, which represents a 10% interest in Roxgold SANU S.A. totaled $2.3 million. The loss attributable to the NCI for the year ended December 31, 2022, totaling $7.1 million is based on the net loss for Yaramoko.

As at December 31, 2022, the NCI of the Government of Côte d’Ivoire, which represents a 10% interest in Roxgold Sango S.A. totaled $41.6 million. The loss attributable to the NCI for the year ended December 31, 2022, totaling $0.7 million is based on the net loss for Séguéla.


Summarized statement of financial position

As of December 31, 2022	Yaramoko		Séguéla
Non-controlling interest percentage		10%		10%
Current assets	$	54,953	$	6,536
Non-current assets		110,617		230,570
Current liabilities		(23,338)		(13,629)
Non-current liabilities		(99,921)		(254,158)
Net assets	$	42,311	$	(30,681)

Non-controlling interest	$	2,309	$	41,631

Summarized income statement

For the period ended December 31, 2022	Yaramoko		Séguéla
Revenue	$	193,541	$	-
Net income (loss) and comprehensive income (loss)	$	40,614	$	6,964

Summarized cash flows

For the period ended December 31, 2022	Yaramoko		Séguéla
Cash flows provided by operating activities	$	83,124	$	(710)
Cash flows used in investing activities	$	(53,449)	$	(124,737)
Cash flows (used in) provided by financing activities	$	(32,309)	$	121,521