Segment Disclosures

12 Months Ended

Dec. 31, 2024

Disclosure of operating segments [abstract]

Reportable segments are consistent with the geographic regions in which the Company’s projects are located. In determining the Company’s segment structure, the basis on which management reviews the financial and operational performance was considered and whether any of the Company’s mining operations share similar economic, operational and regulatory characteristics. The Company considers its Segovia Operations and Marmato Mine in Colombia, its Toroparu Project in Guyana, its Soto Norte Project in Colombia and its corporate functions in Canada and other corporate entities as its reportable segments.


	Segovia		Marmato		Toroparu		Soto Norte		Corporate and Other		Total
Year-ended December 31, 2024
Revenue	$	455,078	$	55,526	$	—	$	—	$	—	$	510,604
Cost of sales	(254,879)		(59,880)		—		—		—		(314,759)
Depreciation and depletion	(30,501)		(3,037)		—		—		(612)		(34,150)
Social Contributions	(12,766)		(1,667)		—		—		—		(14,433)
Income from Mining Operations	156,932		(9,058)		—		—		(612)		147,262
Gain loss on Financial Instruments	—		—		—		—		(16,167)		(16,167)
Interest and accretion	(2,264)		(251)		(51)		(127)		(38,264)		(40,957)
Income taxes	(56,348)		83		—		(277)		503		(56,039)
Segment net income (loss)(1)	111,562		(5,518)		—		(4,102)		(78,651)		23,291
Capital expenditures	87,935		82,512		10,262		8,121		2,294		191,124
Year-ended December 31, 2023
Revenue	$	403,105	$	44,569	$	—	$	—	$	—	$	447,674
Cost of sales	(214,169)		(47,597)		—		—		—		(261,766)
Depreciation and depletion	(31,928)		(2,493)		—		—		(523)		(34,944)
Social Contributions	(9,573)		(584)		—		—		—		(10,157)
Income from Mining Operations	147,435		(6,105)		—		—		(523)		140,807
Gain loss on Financial Instruments	—		—		—		—		(13,078)		(13,078)
Interest and accretion	(2,515)		—		(117)		—		(26,524)		(29,156)
Income taxes	(50,659)		291		—		—		2,961		(47,407)
Segment net income (loss)(1)	77,188		(3,263)		—		2,650		(65,156)		11,419
Capital expenditures	55,958		41,705		15,173		—		253		113,089
As at December 31, 2024
Total assets	$	338,570	$	436,730	$	355,865	$	592,104	$	271,235	$	1,994,504
Total liabilities	(98,826)		(179,178)		(84,761)		(11,416)		(537,216)		(911,397)
As at December 31, 2023
Total assets	$	311,680	$	367,188	$	348,397	$	108,527	$	217,079	$	1,352,871
Total liabilities	(90,953)		(133,061)		(86,174)		—		(418,028)		(728,216)

(1)Included in segment net income (loss) are total employee benefits costs of $65.5 million (2023 - $61.2 million).