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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of operating segments [abstract]  
Disclosure Of Operating Segments The following table presents significant information about the Company’s reportable operating segments as reported to the Company’s chief operating decision maker:
Year ended December 31, 2024
RevenueOperating
expense
Depreciation
and depletion
Exploration and evaluation
expense
Other operating
expenses
Income
(loss) from
operations
Greenstone(1)
$278,369 $(116,843)$(19,309)$(139)$ $142,078 
Mesquite173,223 (103,663)(28,943)  40,617 
Los Filos412,243 (326,903)(55,373)(463) 29,504 
Aurizona173,947 (114,365)(33,920)(1,316) 24,346 
Fazenda152,300 (86,580)(35,736)(3,010) 26,974 
RDM137,486 (80,470)(14,697)  42,319 
Santa Luz137,548 (111,250)(26,338)(2,654) (2,694)
Castle Mountain(2)
49,004 (49,512)(6,171)(433)(580)(7,692)
Corporate   (4,478)(53,010)(57,488)
$1,514,120 $(989,586)$(220,487)$(12,493)$(53,590)$237,964 
Year ended December 31, 2023
RevenueOperating
expense
Depreciation
and depletion
Exploration and evaluation
expense
Other operating
expenses
Income
(loss) from
operations
Greenstone$— $— $— $— $— $— 
Mesquite168,001 (102,030)(36,732)— — 29,239 
Los Filos(3)
305,950 (261,822)(53,588)(673)(255)(10,388)
Aurizona233,423 (128,457)(47,083)(4,724)— 53,159 
Fazenda127,962 (81,547)(34,008)(2,544)— 9,863 
RDM(3)
101,931 (62,992)(16,944)— (1,108)20,887 
Santa Luz110,118 (95,437)(22,031)(2,669)— (10,019)
Castle Mountain40,806 (31,947)(4,589)(905)— 3,365 
Corporate— — — (175)(46,311)(46,486)
$1,088,191 $(764,232)$(214,975)$(11,690)$(47,674)$49,620 
(1)The first gold pour at Greenstone occurred on May 22, 2024. Depreciation and depletion of capitalized development and construction costs at Greenstone commenced after the mine reached commercial production on November 6, 2024 (note 9(b)).
(2)In August 2024, the Company suspended mining at Castle Mountain for the duration of the permitting period for the mine’s expansion. Residual heap leach processing and gold production will continue, and the mine will be placed on care and maintenance when processing is complete. Other operating expenses at Castle Mountain for the year ended December 31, 2024 relate to care and maintenance costs.
(3)Other operating expenses at Los Filos and RDM for the year ended December 31, 2023 relate to care and maintenance costs.
Disclosure of Detailed Information about Assets and Liabilities Based on Operating Segments
Total assetsTotal liabilities
At December 312024202320242023
Greenstone$3,774,047 $1,300,441 $(1,136,784)$(227,533)
Mesquite319,572 297,252 (44,267)(65,312)
Los Filos1,162,039 1,171,265 (248,196)(227,567)
Aurizona366,953 365,952 (64,610)(55,914)
Fazenda95,090 94,065 (32,467)(30,746)
RDM158,799 165,021 (29,633)(39,124)
Santa Luz299,959 306,076 (24,521)(30,693)
Castle Mountain333,317 329,236 (13,253)(24,014)
Corporate(1)
203,819 321,069 (1,722,312)(1,207,013)
$6,713,595 $4,350,377 $(3,316,043)$(1,907,916)
(1)Corporate assets include the investment in Versamet (note 10(a)).
Disclosure Of Detailed Information About Capital Expenditure Based On Operating Segments
Capital expenditures(1)
Years ended December 3120242023
Greenstone$327,887 $425,656 
Mesquite35,578 16,194 
Los Filos43,858 37,483 
Aurizona50,518 46,353 
Fazenda27,565 21,653 
RDM16,302 29,107 
Santa Luz16,166 7,596 
Castle Mountain5,567 11,337 
Corporate249 999 
$523,690 $596,378 
Capital expenditures in the above table represent capital expenditures on an accrual basis. Expenditures on mineral properties, plant and equipment in the consolidated statements of cash flows represent capital expenditures on a cash basis. Expenditures on mineral properties, plant and equipment in the consolidated statement of cash flows for the year ended December 31, 2024 exclude non-cash additions and capitalized borrowing costs (note 9) and include a decrease in accrued expenditures of $33.5 million (2023 – include a decrease in accrued expenditures of $26.8 million).
Disclosure of Detailed Information about Noncurrent Assets by Region
The following table presents the Company’s non-current assets other than financial instruments, investment in associate, and deferred income tax assets by region:
At December 3120242023
Canada$3,623,404 $1,284,252 
United States591,461 488,701 
Mexico897,612 915,625 
Brazil738,644 750,962 
Total non-current assets, excluding financial instruments, investment in associate and deferred income tax assets$5,851,121 $3,439,540 
Summary of Sales to Individual Customers that Exceed 10% of Annual Metal Sales
The following table presents revenue from sales to major customers that exceeded 10% of the Company’s revenue for the years ended December 31, 2024 and 2023:    
20242023
Customer 1(1)
$781,490 $653,395 
Customer 2(2)
498,108 268,688 
Customer 3(3)
196,152 145,805 
Total revenue from major customers(4)
$1,475,750 $1,067,888 
(1)Revenue from Customer 1 for the years ended December 31, 2024 and 2023 relates to all segments except Los Filos.
(2)Revenue from Customer 2 for the years ended December 31, 2024 and 2023 relates to all segments except Mesquite, Castle Mountain and Aurizona.
(3)Revenue from Customer 3 for the years ended December 31, 2024 and 2023 relates to Los Filos.
(4)Total revenue from major customers for the year ended December 31, 2024 represented 97.5% of total revenue (2023 – 98.1%).