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Mineral Properties, Plant and Equipment
 12 Months Ended
Dec. 31, 2020
Text Block [Abstract]  
Mineral Properties, Plant and Equipment
9.
MINERAL PROPERTIES, PLANT AND EQUIPMENT
 
  
  
Mineral
properties
(1)
 
 
Plant and
Equipment
(1)
 
 
Construction
in-progress
(1)
 
 
Other
 
 
Total
 
      
Cost
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      
Balance – December 31, 2018
  
$
86,740
 
 
$
80,234
 
 
$
153,171
 
 
$
555
 
 
$
320,700 
 
Additions
  
 
26,132
 
 
 
(900
) 
 
 
63,108
 
 
 
1,633
 
 
 
89,973 
 
Transfers
  
 
89,758
 
 
 
95,633
 
 
 
(195,328
) 
 
 
-
 
 
 
(9,937
)  
Transfer from exploration and evaluation assets
  
 
133,060
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
133,060 
 
Disposals
  
 
-
 
 
 
(1,758
) 
 
 
-
 
 
 
(74
) 
 
 
(1,832
) 
Change in reclamation cost asset
  
 
6,080
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
6,080 
 
Balance – December 31, 2019
  
$
341,770
 
 
$
173,209
 
 
$
20,951
 
 
$
    2,114
 
 
$
538,044 
 
Leagold Acquisition
  
 
909,715
 
 
 
380,227
 
 
 
28,525
 
 
 
318
 
 
 
    1,318,785 
 
Additions
  
 
84,675
 
 
 
40,192
 
 
 
52,342
 
 
 
326
 
 
 
177,535 
 
Transfers
  
 
(1,570
) 
 
 
56,125
 
 
 
(66,176
) 
 
 
-
 
 
 
(11,621
) 
Disposals
  
 
-
 
 
 
(3,819
) 
 
 
-
 
 
 
-
 
 
 
(3,819
) 
Change in reclamation cost asset
  
 
31,537
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
31,537 
 
Balance – December 31, 2020
  
$
1,366,127
 
 
$
645,934
 
 
$
35,642
 
 
$
2,758
 
 
$
2,050,461
 
      
Accumulated depreciation
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      
Balance – December 31, 2018
  
$
326
 
 
$
3,363
 
 
$
-
 
 
$
100
 
 
$
3,789 
 
Additions
  
 
12,682
 
 
 
24,136
 
 
 
-
 
 
 
294
 
 
 
37,112 
 
Disposals
  
 
-
 
 
 
(766
) 
 
 
-
 
 
 
(35
) 
 
 
(801
) 
Balance – December 31, 2019
  
$
13,008
 
 
$
26,733
 
 
$
-
 
 
$
359
 
 
$
40,100 
 
Additions
  
 
116,424
 
 
 
51,978
 
 
 
-
 
 
 
694
 
 
 
169,096 
 
Disposals
  
 
-
 
 
 
(2,139
) 
 
 
-
 
 
 
-
 
 
 
(2,139
) 
Balance – December 31, 2020
  
$
129,490
 
 
$
76,572
 
 
$
-
 
 
$
1,053
 
 
$
207,057 
 
      
Net book value:
  
   
 
   
 
   
 
   
 
 
 
 
      
At December 31, 2019
  
$
328,762
 
 
$
146,476
 
 
$
20,951
 
 
$
1,755
 
 
$
497,944 
 
      
At December 31, 2020
  
$
1,236,696
 
 
$
569,362
 
 
$
35,642
 
 
$
1,705
 
 
$
 1,843,404 
 
 
 
(1)
Cost balances as at December 31, 2018, 2019 cost additions, and 2019 cost transfers have been reclassified to conform with the current period presentation.
During the y
e
ar ended December 31, 2020, the Company capitalized to
construction-in-progress
$45.2 million (2019 – $21.0 million) of costs at Castle Mountain.
Pre-production
income of $1.6 million earned during the
ramp-up
of Castle Mountain was deducted from
construction-in-progress.
On commencement of commercial production at Castle Mountain on November 21, 2020, the Company transferred $66.2 million from
construction-in-progress
to mineral properties ($1.6 million
pre-production
income) and plant and equipment ($56.1 million). In addition, $11.6 million was transferred from
construction-in-progress
to inventory.
During the year ended December 31, 2020, the Company capitalized to
construction-in-progress
$3.5 million of costs at Santa Luz.
Mineral properties at December 31, 2020 includes $63.4 million allocated to the mineral interest at Los Filos as part of the Leagold purchase price allocation, which is not currently subject to depletion.
Certain of the Company’s mining properties are subject to royalty arrangements based on their net smelter returns (“NSR”s) or gross revenues. At December 31, 2020, the Company’s significant royalty arrangements were as follows:
 
Mineral property            
  
Royalty arrangements
Mesquite
  
0.5-7%
NSR;
6-9%
sliding scale NSR based on gold price
Castle Mountain
  
2.65% NSR
Los Filos
  
3% of gross sales at Xochipala concession; 1.5% EBITDA; 0.5% gross revenues
Aurizona
  
1.5% of gross sales;
3-5%
sliding scale NSR based on gold price
Fazenda
  
0.75-1.5%
of gross sales
RDM
  
1-1.5%
of gross sales
Pilar
  
0.75-1.5%
of gross sales