Leases

12 Months Ended

Dec. 31, 2024

Presentation of leases for lessee [abstract]

LEASES

LEASES

(a)Right-of-use assets

The Company’s right-of-use assets mainly relate to leased mobile mining equipment and are included in plant and equipment within mineral properties, plant and equipment (note 9). The following table presents the changes in the carrying amount of the Company’s right-of-use assets during the years ended December 31, 2024 and 2023:

	Note	2024		2023
Balance – beginning of year		$	69,038	$	49,600
Acquired in Greenstone Acquisition	9	21,509		—
Additions		59,799		44,529
Disposals		(7,122)		(460)
Depreciation		(21,555)		(24,631)
Balance – end of year		$	121,669	$	69,038

18.    LEASES (CONTINUED)

(b)Lease liabilities

The following is a reconciliation of the changes in the carrying amount of the Company’s lease liabilities during the years ended December 31, 2024 and 2023 to cash flows arising from financing activities:

	Note	2024		2023
Balance – beginning of year		$	46,728	$	35,500
Financing cash flows:
Lease payments		(29,494)		(34,720)
Other changes:
Assumed on Greenstone Acquisition	5	17,871		—
Additions		52,739		40,605
Disposals		(7,593)		(313)
Interest expense		4,868		3,825
Foreign exchange (gain) loss		(2,373)		1,345
Foreign currency translation		(2,380)		486
Balance – end of year		$	80,366	$	46,728
Classified and presented as:
Current(1)		$	19,833	$	26,343
Non-current(2)		60,533		20,385
		$	80,366	$	46,728

(1)    Included in other current liabilities.

(2)    Included in other non-current liabilities.

(c)Additional amounts recognized in the Company’s consolidated statements of income and cash flows

In addition to the amounts disclosed in notes 18(a) and 18(b), the Company recognized the following amounts in the consolidated statements of income and cash flows relating to leases during the years ended December 31, 2024 and 2023:

	2024		2023
Expense and cash flow relating to variable payments not included in the measurement of lease liabilities	$	37,922	$	31,092
Expense and cash flow relating to short-term and low-value leases	10,659		8,190