XML 83 R19.htm IDEA: XBRL DOCUMENT v3.25.4
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Construction
in progress		Mining
properties		Plant and
equipment
Right-of-use assets1
Total
Cost
Balance, January 1, 2024
$2,409.4 $2,692.9 $1,554.6 $139.0 $6,795.9 
Additions320.0 253.4 71.0 34.8 679.2 
Changes in asset retirement obligations— (21.4)— — (21.4)
Disposals/derecognition— — (41.7)(8.6)(50.3)
Transfers of Côté Gold Construction in progress(2,367.1)1,098.8 1,268.3 — — 
Transfers within property, plant and equipment(254.7)96.1 158.9 (0.3)— 
Balance, December 31, 2024
$107.6 $4,119.8 $3,011.1 $164.9 $7,403.4 
Additions123.2 123.6 106.5 12.8 366.1 
Changes in asset retirement obligations— 8.7 — — 8.7 
Disposals/derecognition— — (34.2)(4.4)(38.6)
Transfers within property, plant and equipment(35.6)28.4 10.6 (3.4)— 
Balance, December 31, 2025$195.2 $4,280.5 $3,094.0 $169.9 $7,739.6 
Construction
in progress		Mining
properties		Plant and
equipment
Right-of-use assets1
Total
Accumulated Depreciation and Impairment
Balance, January 1, 2024$— $2,093.0 $1,169.9 $36.5 $3,299.4 
Depreciation expense— 157.2 116.8 29.0 303.0 
Disposals/derecognition— — (40.8)(7.9)(48.7)
Net Impairment (reversal) charge— (371.8)(46.6)(1.3)(419.7)
Balance, December 31, 2024$— $1,878.4 $1,199.3 $56.3 $3,134.0 
Depreciation expense— 268.5 173.7 30.8 473.0 
Disposals/derecognition— — (28.7)(1.5)(30.2)
Transfers within property, plant and equipment— 2.1 0.5 (2.6)— 
Balance, December 31, 2025$— $2,149.0 $1,344.8 $83.0 $3,576.8 
Carrying amount, December 31, 2024
$107.6 $2,241.4 $1,811.8 $108.6 $4,269.4 
Carrying amount, December 31, 2025$195.2 $2,131.5 $1,749.2 $86.9 $4,162.8 
1.Right-of-use assets ("ROU assets") consist of property, plant and equipment related to assets leased and accounted for under IFRS 16.
On August 1, 2024, Côté Gold was assessed to be ready for use as intended and the construction costs reported in construction in progress were reclassified to mining properties and plant and equipment. Depreciation commenced on the transferred amounts on August 1, 2024.
In 2025, borrowing costs attributable to qualifying assets associated with the Côté Gold, Essakane and Westwood mines totaling $35.4 million (2024 - $98.5 million) were capitalized using a weighted average interest rate of 6.41% (2024 - 8.90%) (note 30). The weighted average interest rate was based on the 5.75% senior notes, credit facility, second lien term loan, equipment loans, gold prepayments and leases.
As at December 31, 2025, mining properties included capitalized stripping costs of $246.5 million (December 31, 2024 - $319.1 million). Stripping costs of $49.3 million were capitalized during 2025 (2024 - $181.4 million), and $128.6 million were depreciated during 2025 (2024 - $61.5 million).