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Segmented Information (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of operating segments [abstract]  
Summary of Company's Reportable Operating Segments
The Company’s reportable operating segments, which are components of the Company’s business where separate financial information is available and which are evaluated on a regular basis by the Company’s Chief Executive Officer, who is the Company’s chief operating decision maker, for the purpose of assessing performance, are summarized in the tables below:
For the year ended December 31, 2024:
In $000sProductSalesRoyalty revenueCost of sales excluding depletionDepletion
Loss (gain) on disposal and impairment of Stream, royalty and other interests
Income (loss) before taxesCash flows from operating activities
Antamina, Peru
Copper, Other1
$– $2,932 $– $2,783 $– $149 $3,832 
Silver
5,021 154 129 2,501 – 2,545 5,046 
Aurizona, BrazilGold– 8,566 – 274 – 8,292 8,216 
Blyvoor,South Africa
Gold4,874 – 1,178 1,160 – 2,536 3,719 
Bonikro, Côte d'Ivoire
Gold16,932 – 2,894 7,648 – 6,390 14,513 
Caserones, ChileCopper– 11,033 – 3,724 – 7,309 7,762 
Cerro Moro, ArgentinaSilver16,224 – 4,881 6,729 – 4,614 11,343 
Chapada, BrazilCopper14,903 – 4,489 2,690 – 7,724 10,415 
Fruta del Norte, EcuadorGold– 9,899 – 1,919 – 7,980 6,001 
Greenstone, Canada
Gold
5,025 – 1,056 1,527 – 2,442 3,893 
Houndé, Burkina Faso
Gold– 5,844 – 1,594 – 4,250 4,909 
Mercedes, Mexico
Gold, Silver2
9,478 – 2,124 4,561 404 2,389 7,514 
Relief Canyon, United StatesGold20,786 – – 10,491 – 10,295 20,786 
Vale Royalties, BrazilIron Ore– 5,792 – 2,424 – 3,368 5,391 
Other3
Gold8,464 18,337 2,056 4,894 (139)19,990 20,202 
Copper, Other
6,035 5,984 1,187 5,389 3,424 2,019 11,335 
Total Segments$107,742 $68,541 $19,994 $60,308 $3,689 $92,292 $144,877 
Corporate:
Administration and Project evaluation expenses$– $– $– $– $– $(24,950)$(16,459)
Loss on revaluation of investments
– – – – – (4,628)– 
Finance expense– – – – – (35,028)– 
Other
– – – – – 1,848 6,960 
Total Corporate$– $– $– $– $– $(62,758)$(9,499)
Consolidated$107,742 $68,541 $19,994 $60,308 $3,689 $29,534 $135,378 
1.Royalty revenue from Antamina consists of $2.2 million from copper and $0.7 million from other base metals.
2.Sales revenue from Mercedes consists of $9.2 million from gold and $0.3 million from silver.
3.Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Other includes Vatukoula, Highland Valley (disposed of during the year ended December 31, 2024), Black Fox, CEZinc, Gualcamayo and others. Includes revenue from Stream, royalty and other interests located in Canada of $22.9 million, Mexico of $1.5 million, Brazil of $2.8 million, Türkiye of $5.5 million, Argentina of $3.2 million and other of $2.9 million. Includes revenue from gold of $26.8 million, copper of $3.1 million, diamonds of $2.0 million and other base metals of $6.9 million.
For the year ended December 31, 2023:
In $000sProductSalesRoyalty revenueCost of sales excluding depletionDepletionContractual income from Stream, royalty and other interests
Loss (gain) on disposal and impairment of Stream, royalty and other interests
Income (loss) before taxesCash flows from operating activities
Antamina, Peru
Copper, Other1
$– $12,040 $– $7,215 $– $2,039 $2,786 $11,455 
Silver
2,222 547 55 1,361 – – 1,353 2,714 
Aurizona, BrazilGold– 9,825 – 492 – – 9,333 9,025 
Blyvoor,
South Africa		Gold4,431 – 1,313 1,225 – – 1,893 2,994 
Bonikro,
Côte d'Ivoire		Gold9,223 – 1,919 4,956 – – 2,348 7,619 
Caserones, ChileCopper– 12,022 – 5,832 – – 6,190 8,365 
Cerro Moro, ArgentinaSilver26,197 – 7,853 10,753 – – 7,591 18,345 
Chapada, BrazilCopper13,469 – 4,074 2,761 – – 6,634 9,395 
Fruta del Norte, EcuadorGold– 7,722 – 2,098 – – 5,624 5,434 
Houndé,
Burkina Faso		Gold– 5,731 – 1,835 – – 3,896 4,474 
Mercedes, Mexico
Gold, Silver2
24,757 – 2,258 15,787 – – 6,712 24,511 
Relief Canyon, United StatesGold9,396 – – 4,731 – – 4,665 9,395 
Vale Royalties, BrazilIron Ore– 5,988 – 2,426 – – 3,562 5,005 
Other3
Gold11,412 10,790 3,054 6,790 (11,810)940 23,228 30,068 
Copper, Other
5,477 8,387 1,151 7,075 – (3,301)8,939 12,644 
Total Segments$106,584 $73,052 $21,677 $75,337 $(11,810)$(322)$94,754 $161,443 
Corporate:
Administration and Project evaluation expenses$– $– $– $– $– $– $(21,526)$(13,321)
Gain on revaluation of investments
– – – – – – 15,671 – 
Finance expense– – – – – – (39,515)(115)
Other
– – – – – – (2,472)4,747 
Total Corporate$– $– $– $– $– $– $(47,842)$(8,689)
Consolidated$106,584 $73,052 $21,677 $75,337 $(11,810)$(322)$46,912 $152,754 
1.Royalty revenue from Antamina consists of $9.1 million from copper and $2.9 million from other base metals.
2.Sales revenue from Mercedes consists of $21.8 million from gold and $3.0 million from silver.
3.Where a Stream, royalty and other interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Other includes Vatukoula, Highland Valley (disposed of during the year ended December 31, 2024), Black Fox, CEZinc, Gualcamayo and others. Includes revenue from Stream, royalty and other interests located in Canada of $23.3 million, Mexico of $3.6 million, Brazil of $0.6 million, Türkiye of $4.2 million, Argentina of $0.7 million and other of $3.7 million. Includes revenue from gold of $22.2 million, other base metals of $5.9 million, diamonds of $3.3 million and copper of $4.7 million. Contractual income from Stream, royalty and other interests includes a one-time contractual payment of $10.0 million received related to the Mt. Hamilton royalty.
Total assets as of:
In $000s
December 31, 2024
December 31, 2023
Antamina$179,564 $185,748 
Aurizona10,129 10,053 
Blyvoor103,160 104,380 
Bonikro22,063 30,035 
Caserones74,216 77,540 
Cerro Moro8,487 15,217 
Chapada41,205 43,895 
Fruta del Norte26,341 26,761 
Greenstone105,789 107,234 
Hod Maden
207,007 206,996 
Horne 5
78,934 78,934 
Houndé26,454 28,341 
Hugo North Extension and Heruga
35,388 35,358 
Mercedes28,482 52,132 
Platreef187,000 187,000 
Relief Canyon20,088 20,074 
Vale Royalties111,556 114,529 
Other1
242,616 255,276 
Total Segments$1,508,479 $1,579,503 
Corporate:
Cash and cash equivalents$4,395 $5,003 
Investments235,671 258,874 
Other assets2
101,639 88,046 
Total Corporate$341,705 $351,923 
Consolidated$1,850,184 $1,931,426 
1.Where a Stream, royalty and other interest represents less than 10% of the Company's sales, gross margin or aggregate asset book value and represents an interest on gold, silver or other metal, the interest has been summarized under Other. Includes Vatukoula, Black Fox, Highland Valley (disposed of during the year ended December 31, 2024), Cortez Complex (Robertson Deposit), CEZinc, Gualcamayo, Lobo-Marte and others.
2.Includes Versamet and Horizon Copper investments in associates.
Non-current assets by geographical region as of:
In $000s
December 31, 20241
December 31, 20231
North America
Canada$280,132 $304,169 
Mexico30,904 54,344 
USA75,812 75,836 
South & Central America
Peru$192,646 $186,339 
Brazil177,183 180,380 
Chile73,926 77,650 
Argentina40,472 47,750 
Ecuador23,241 25,161 
French Guiana
5,154 5,160 
Africa
South Africa$292,298 $293,562 
Burkina Faso
29,285 34,135 
Côte d'Ivoire
22,063 28,869 
Other
Türkiye
$209,162 $210,162 
Mongolia36,031 36,001 
Australia16,105 16,177 
Fiji13,203 13,622 
Other42 298 
Consolidated$1,517,659 $1,589,615 
1.Includes Stream, royalty and other interests and Other long-term assets.
Non-current Assets by Geographical Region
Non-current assets by geographical region as of:
In $000s
December 31, 20241
December 31, 20231
North America
Canada$280,132 $304,169 
Mexico30,904 54,344 
USA75,812 75,836 
South & Central America
Peru$192,646 $186,339 
Brazil177,183 180,380 
Chile73,926 77,650 
Argentina40,472 47,750 
Ecuador23,241 25,161 
French Guiana
5,154 5,160 
Africa
South Africa$292,298 $293,562 
Burkina Faso
29,285 34,135 
Côte d'Ivoire
22,063 28,869 
Other
Türkiye
$209,162 $210,162 
Mongolia36,031 36,001 
Australia16,105 16,177 
Fiji13,203 13,622 
Other42 298 
Consolidated$1,517,659 $1,589,615 
1.Includes Stream, royalty and other interests and Other long-term assets.