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Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of detailed information about property, plant and equipment [abstract]  
Summary of property, plant and equipment
United States Dollars
31 December 2023
31 December 2024
Land, mineral
rights and
rehabilitation
assets
Mine
development,
infrastructure
and other
assets
Right-of-use
assets relating
to mine
development,
infrastructure
and other
assets
Total
Total
Right-of-use
assets relating
to mine
development,
infrastructure
and other
assets
Mine
development,
infrastructure
and other
assets
Land, mineral
rights and
rehabilitation
assets
Cost
432.0
11,782.7
578.1
12,792.8
Balance at beginning of
the year
13,769.9
651.9
12,638.0
480.0
(3.4)
3.1
(9.5)
(9.8)
Reclassifications
—
(4.7)
5.8
(1.1)
2.5
1,052.2
—
1,054.7
Additions
1,183.4
—
1,179.4
4.0
—
—
—
—
Osisko asset acquisition1
1,706.8
109.0
268.7
1,329.1
—
13.2
—
13.2
Other Salares Norte non-
cash costs capitalised
13.7
—
13.7
—
—
—
98.0
98.0
Right-of-use assets
capitalised during the year
(refer note 36)
71.7
71.7
—
—
—
—
16.3
16.3
Remeasurements of right-of-
use assets capitalised (refer
note 36)2
8.5
8.5
—
—
—
64.9
—
64.9
General borrowing costs
capitalised3
105.6
—
105.6
—
—
(8.0)
—
(8.0)
Disposals
(6.9)
—
(6.9)
—
(0.3)
(109.3)
(31.7)
(141.3)
Scrapping of assets
(89.6)
(21.8)
(67.8)
—
53.9
—
—
53.9
Changes in estimates of
rehabilitation assets (refer
note 28.1)
20.6
—
—
20.6
(4.7)
(160.8)
0.7
(164.8)
Translation adjustment
(504.5)
(37.6)
(407.2)
(59.7)
480.0
12,638.0
651.9
13,769.9
Balance at end of the year
16,279.2
777.0
13,729.3
1,772.9
Accumulated depreciation
and impairment
118.4
7,618.9
239.8
7,977.1
Balance at beginning of the
year
8,695.5
279.8
8,241.6
174.1
—
(1.2)
(8.6)
(9.8)
Reclassifications
—
(2.1)
2.1
—
18.8
700.0
76.5
795.3
Charge for the year
627.4
88.7
519.3
19.4
—
4.9
2.0
6.9
Salares Norte depreciation
capitalised
8.5
3.3
5.2
—
33.5
122.9
—
156.4
Impairment
3.5
—
3.5
—
—
(6.5)
—
(6.5)
Disposals
(4.8)
—
(4.8)
—
(0.3)
(110.8)
(30.2)
(141.3)
Scrapping of assets
(89.6)
(21.8)
(67.8)
—
3.7
(86.6)
0.3
(82.6)
Translation adjustment
(259.7)
(11.6)
(241.5)
(6.6)
174.1
8,241.6
279.8
8,695.5
Balance at end of the year
8,980.8
336.3
8,457.6
186.9
305.9
4,396.4
372.1
5,074.4
Carrying value at end of
the year
7,298.4
440.7
5,271.7
1,586.0
1Refer to note 17.2 for details of the Osisko asset acquisition.
2The re-measurements in 2024 relate mainly to leases at the Group’s Australian operations that have variable payments linked to the Australian consumer price index
(“CPI”). (2023: Leases at the Group’s Australian operations that have variable payments linked to the Australian CPI).
3General borrowing costs of US$105.6 million (2023: US$64.9 million) arising on Group general borrowings were capitalised during the period and related to the Salares
Norte project. An average interest capitalisation rate of 7.0% (2023: 6.6%) was applied.