OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020


	Canadian Malartic		Jacobina		Cerro Moro		El Peñón		Minera Florida		Corporate and other(i)		Total
Property, plant and equipment at December 31, 2021	$	1,013.9	$	926.2	$	419.2	$	1,081.2	$	295.3	$	3,039.4	$	6,775.2
Total assets at December 31, 2021	$	1,613.5	$	973.4	$	507.9	$	1,139.4	$	327.8	$	3,820.7	$	8,382.7
Total liabilities at December 31, 2021	$	466.4	$	287.5	$	87.0	$	384.0	$	96.6	$	1,858.0	$	3,179.5
Capital expenditures for the year ended December 31, 2021	$	135.0	$	49.3	$	46.6	$	58.0	$	44.3	$	51.3	$	384.6


	Canadian Malartic		Jacobina		Cerro Moro		El Peñón		Minera Florida		Corporate and other(i)		Total
Property, plant and equipment at December 31, 2020	$	1,059.5	$	897.7	$	457.8	$	1,111.0	$	296.1	$	2,862.7	$	6,684.8
Total assets at December 31, 2020	$	1,638.1	$	936.4	$	550.0	$	1,168.0	$	322.2	$	3,808.1	$	8,422.8
Total liabilities at December 31, 2020	$	458.3	$	273.1	$	79.2	$	407.3	$	108.6	$	1,924.0	$	3,250.5
Capital expenditures for the year ended December 31, 2020	$	74.8	$	43.4	$	48.9	$	47.8	$	39.5	$	19.3	$	273.7

(i)"Corporate and other" includes advanced stage development projects, exploration properties, corporate entities, the Company's investments in associates and the MARA Project with property, plant and equipment of $1,883.4 million, total assets of $2,134.7 million and total liabilities of $549.3 million (December 31, 2020: $1,856.4 million, $2,109.7 million, and $429.2 million, respectively).

Disclosure of profit and loss


For the year ended December 31, 2021	Canadian Malartic		Jacobina		Cerro Moro		El Peñón		Minera Florida		Corporate and other		Total
Revenue	$	643.2	$	336.2	$	276.5	$	401.5	$	158.0	$	—	$	1,815.4
Cost of sales excluding DDA(i)	(231.3)		(105.5)		(130.5)		(150.3)		(77.4)		—		(695.0)
Gross margin excluding DDA	$	411.9	$	230.7	$	146.0	$	251.2	$	80.6	$	—	$	1,120.4
DDA	(174.7)		(55.4)		(74.6)		(85.0)		(48.5)		(9.7)		(447.9)
Temporary suspension, standby and other incremental COVID-19 costs	(2.5)		(1.2)		(20.8)		(4.9)		(8.0)		—		(37.4)

Segment income (loss)	$	234.7	$	174.1	$	50.6	$	161.3	$	24.1	$	(9.7)	$	635.1
Other expenses(ii)											(250.6)
Earnings before taxes											$	384.5
Income tax expense											(295.7)
Net earnings											$	88.8


For the year ended December 31, 2020	Canadian Malartic		Jacobina		Cerro Moro		El Peñón		Minera Florida		Corporate and other		Total
Revenue	$	471.0	$	312.1	$	241.3	$	381.1	$	155.5	$	—	$	1,561.0
Cost of sales excluding DDA(i)	(185.4)		(95.5)		(115.8)		(141.8)		(75.6)		—		(614.1)
Gross margin excluding DDA	$	285.6	$	216.6	$	125.5	$	239.3	$	79.9	$	—	$	946.9
DDA	(133.4)		(52.6)		(86.1)		(69.6)		(44.2)		(9.1)		(395.0)
Temporary suspension, standby and other incremental COVID-19 costs	(4.5)		(2.0)		(19.2)		(7.0)		(7.7)		(0.1)		(40.5)
(Impairment) reversal of impairment of mining properties and goodwill	—		—		(369.0)		560.0		—		—		191.0
Segment income (loss)	$	147.7	$	162.0	$	(348.8)	$	722.7	$	28.0	$	(9.2)	$	702.4
Other expenses(ii)											(212.3)
Earnings before taxes											$	490.1
Income tax expense											(286.5)
Net earnings											$	203.6

(i)Depletion, depreciation and amortization ("DDA").

(ii)Other expenses are comprised of general and administrative expenses, exploration and evaluation expenses, share of earnings (loss) of associates, other operating expenses, net, finance costs and other income (costs), net, as per the consolidated statement of operations.

Disclosure of geographical areas

Revenue is attributed to regions based on the source location of the product sold.


For the years ended December 31,	2021		2020
Canada	$	643.2	$	471.0
Chile	559.5		536.6
Brazil	336.2		312.1
Argentina	276.5		241.3
Total revenue	$	1,815.4	$	1,561.0

Non-current assets for this purpose exclude deferred tax assets.


As at December 31,	2021		2020
Canada	$	1,854.8	$	1,784.4
Chile	1,864.2		1,891.2
Brazil	957.6		927.0
Argentina	2,740.8		2,769.4
United States	33.6		34.7
Total non-current assets	$	7,451.0	$	7,406.7

Disclosure of major customers

The following table presents sales to individual customers that exceeded 10% of annual metal sales for the following periods:


For the years ended December 31,	2021			2020
Customer
1	$	504.5		$	394.6
2	346.0			365.6
3	297.6			334.7
4	287.4			199.7
5	233.5			158.9
Total sales to customers exceeding 10% of annual metal sales	$	1,669.0		$	1,453.5
Percentage of total metal sales	91.9		%	93.1		%