

14.	SEGMENTED INFORMATION

(a) Segment revenues and results

The Company manages its reportable operating segments by operating mines and significant development projects. The Company operates in two principal geographical areas - Canada (country of domicile), and Mexico. The Young-Davidson and Island Gold mines operate in Canada, and the Mulatos and El Chanate mines operate in Sonora, Mexico. The Company identifies the Kirazlı

gold development project in Turkey as a separate segment due to it being in the construction phase. The results from operations for these reportable operating segments are summarized in the following tables:



Year Ended December 31, 2019
	Young-Davidson	Mulatos	Island Gold	El Chanate		Corporate /other¹		Total
Operating revenues	$262.1	$194.4	$207.3	$19.3		—		$683.1
Cost of sales
Mining and processing	146.6	107.8	64.2	20.4		—		339.0
Royalties	4.4	3.1	9.9	—		—		17.4
Amortization	80.1	28.0	55.3	1.6		—		165.0
	231.1	138.9	129.4	22.0		—		521.4
Expenses
Exploration	—	3.6	1.1	—		2.0		6.7
Corporate and administrative	—	—	—	—		19.8		19.8
Share-based compensation	—	—	—	—		9.2		9.2
Earnings (loss) from operations	$31.0	$51.9	$76.8	($2.7	)	($31.0	)	$126.0
Finance expense								(2.5	)
Foreign exchange gain								0.3
Other gain								5.1
Earnings before income taxes								$128.9

1. Corporate and other consists of corporate balances and exploration and development projects.



Year Ended December 31, 2018
	Young-Davidson	Mulatos	Island Gold	El Chanate		Corporate/other¹		Total
Operating revenues	$236.3	$223.3	$135.1	$57.1		—		$651.8
Cost of sales
Mining and processing	149.0	125.9	56.0	56.3		—		387.2
Impairment of El Chanate inventory	—	—	—	64.0		—		64.0
Royalties	3.6	11.8	6.2	—		—		21.6
Amortization	82.4	35.4	44.3	4.5		—		166.6
	235.0	173.1	106.5	124.8		—		639.4
Expenses
Exploration	—	7.5	1.4	—		2.1		11.0
Corporate and administrative	—	—		—		17.4		17.4
Share-based compensation	—	—		—		6.6		6.6
Earnings (loss) from operations	$1.3	$42.7	$27.2	($67.7	)	($26.1	)	($22.6	)
Finance expense								(3.0	)
Foreign exchange loss								(4.4	)
Other loss								(8.4	)
Loss before income taxes								($38.4	)

1. Corporate and other consists of corporate balances and exploration and development projects.

(b) Segment assets and liabilities

The following table presents the segment assets and liabilities:



	Total Assets		Total liabilities
	December 31, 2019	December 31, 2018	December 31, 2019	December 31, 2018
Young-Davidson	$1,595.8	$1,569.4	$264.6	$272.3
Mulatos	411.3	373.9	102.6	102.4
Island Gold	921.4	876.2	269.4	236.3
El Chanate	13.4	35.9	4.2	5.9
Kirazlı	147.5	120.9	14.9	10.1
Corporate/other	307.1	295.9	45.5	42.9
Total assets and liabilities	$3,396.5	$3,272.2	$701.2	$669.9