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v3.25.1

Business Segment Information - Segment Operating Results (Details) - CAD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Business Segment Information |  |  |
Revenue from external customers | $ 35,302 | $ 54,944 | $ 63,689
Interest expense | 2,493 | 1,640 | 1,564
Depreciation, depletion and amortization | 858 | 932 | 784
Income (loss) before income taxes | $ (19,023) | 10,197 | (23,956)
Royalty and merchant banking segments |  |  |
Business Segment Information |  |  |
Percentage of external revenue reported | 74.00% |  |
Operating segments |  |  |
Business Segment Information |  |  |
Revenue from external customers | $ 35,302 | 54,944 | 63,689
Interest expense | 2,493 | 1,763 | 1,809
Depreciation, depletion and amortization | 7,221 | 7,929 | 10,699
Income (loss) before income taxes | (19,023) | 10,197 | (23,956)
Operating segments | Iron Ore Royalty |  |  |
Business Segment Information |  |  |
Revenue from external customers | 20,053 | 35,323 | 29,167
Interest expense |  | 4 | 2
Depreciation, depletion and amortization | 4,492 | 5,168 | 4,637
Income (loss) before income taxes | (3,469) | 11,120 | 1,012
Operating segments | Merchant banking |  |  |
Business Segment Information |  |  |
Revenue from external customers | 6,221 | 7,374 | 5,486
Interest expense | 2,465 | 1,629 | 1,554
Depreciation, depletion and amortization | 389 | 450 | 321
Income (loss) before income taxes | 1,797 | (55) | 2,900
Operating segments | All other segments |  |  |
Business Segment Information |  |  |
Revenue from external customers | 9,028 | 12,247 | 29,036
Interest expense | 28 | 130 | 253
Depreciation, depletion and amortization | 2,340 | 2,311 | 5,741
Income (loss) before income taxes | (17,351) | (868) | (27,868)
Elimination of intersegment amounts |  |  |
Business Segment Information |  |  |
Revenue from external customers | (25,136) | (20,418) | (20,998)
Elimination of intersegment amounts | Merchant banking |  |  |
Business Segment Information |  |  |
Revenue from external customers | (10,866) | (6,857) | (6,212)
Elimination of intersegment amounts | All other segments |  |  |
Business Segment Information |  |  |
Revenue from external customers | $ (14,270) | $ (13,561) | $ (14,786)

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