SEGMENTED INFORMATION

12 Months Ended

Dec. 31, 2023

26. SEGMENTED INFORMATION

The Company’s operating segments are based on the reports reviewed by the senior management group that are used to make strategic decisions. The Chief Executive Officer, as chief operating decision maker, considers the business from a geographic perspective when considering the performance of the Company’s business units.

The following summary describes the operations of each reportable segment:

●

Mansfield – operates the Lindero gold mine

●

Sanu – operates the Yaramoko gold mine

●

Sango – operates the Séguéla gold mine

●

Cuzcatlan – operates the San Jose silver-gold mine

●

Bateas – operates the Caylloma silver, lead, and zinc mine

●

Corporate – corporate stewardship


	Year ended December 31, 2023
		Mansfield		Sanu		Sango		Cuzcatlan		Bateas		Corporate		Total
Revenues from external customers	$	207,509	$	228,846	$	154,165	$	149,706	$	102,202	$	-	$	842,428
Cost of sales before depreciation and depletion		(125,438)		(113,693)		(38,948)		(100,040)		(58,034)		-		(436,153)
Depreciation and depletion in cost of sales		(51,258)		(73,064)		(40,524)		(40,028)		(11,376)		-		(216,250)
General and administration		(9,697)		(919)		(4,930)		(7,304)		(5,157)		(36,066)		(64,073)
Impairment of mineral properties, plant and equipment		-		-		-		(90,615)		-		-		(90,615)
Other (expenses) income		(10,601)		(4,998)		(1,136)		(17,428)		108		(1,689)		(35,744)
Finance items		9,685		(1,045)		(3,039)		(707)		296		(15,834)		(10,644)
Segment income (loss) before taxes		20,200		35,127		65,588		(106,416)		28,039		(53,589)		(11,051)
Income taxes		(2,096)		(7,423)		(8,472)		(910)		(8,862)		(4,816)		(32,579)
Segment income (loss) after taxes	$	18,104	$	27,704	$	57,116	$	(107,326)	$	19,177	$	(58,405)	$	(43,630)

	Year ended December 31, 2022
		Mansfield		Sanu		Sango		Cuzcatlan		Bateas		Corporate		Total
Revenues from external customers	$	212,092	$	193,541	$	-	$	173,527	$	102,331	$	-	$	681,491
Cost of sales before depreciation and depletion		(111,625)		(106,953)		-		(91,312)		(53,358)		-		(363,248)
Depreciation and depletion in cost of sales		(54,644)		(64,893)		-		(37,776)		(14,134)		-		(171,447)
General and administration		(8,698)		(2,101)		(366)		(8,150)		(4,478)		(37,663)		(61,456)
Impairment of mineral properties, plant and equipment		(70,156)		(103,457)		-		(9,229)		-		-		(182,842)
Other (expenses) income		(3,239)		2,570		(1,175)		(5,026)		(208)		(8,972)		(16,050)
Finance items		(1,695)		(760)		(360)		(660)		(1,167)		(6,915)		(11,557)
Segment income (loss) before taxes		(37,965)		(82,053)		(1,901)		21,374		28,986		(53,550)		(125,109)
Income taxes		(3,529)		13,056		405		(4,855)		(8,915)		(6,959)		(10,797)
Segment income (loss) after taxes	$	(41,494)	$	(68,997)	$	(1,496)	$	16,519	$	20,071	$	(60,509)	$	(135,906)



As at December 31, 2023		Mansfield		Sanu		Sango		Cuzcatlan		Bateas		Corporate		Total
Total assets	$	491,213	$	228,335	$	976,169	$	58,501	$	139,161	$	74,484	$	1,967,863
Total liabilities	$	53,175	$	59,043	$	243,532	$	36,955	$	49,944	$	237,093	$	679,742
Capital expenditures¹	$	44,667	$	63,833	$	118,693	$	22,260	$	22,394	$	3,974	$	275,821
¹Capital expenditures are on an accrual basis for the year ended December 31, 2023

As at December 31, 2022		Mansfield		Sanu		Sango		Cuzcatlan		Bateas		Corporate		Total
Total assets	$	499,937	$	182,621	$	833,179	$	187,898	$	142,385	$	30,204	$	1,876,224
Total liabilities	$	44,152	$	47,122	$	173,082	$	30,381	$	49,143	$	243,648	$	587,528
Capital expenditures¹	$	23,048	$	54,137	$	118,645	$	24,397	$	19,610	$	2,047	$	241,884
¹Capital expenditures are on an accrual basis for the year ended December 31, 2022