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SEGMENTED INFORMATION (Tables)
12 Months Ended
Dec. 31, 2013
SEGMENTED INFORMATION  
Segment reporting information

 

Northern Business:   LaRonde mine, Lapa mine, Goldex mine, Meadowbank mine, Meliadine project and Kittila mine

Southern Business:   Pinos Altos mine, Creston Mascota deposit at Pinos Altos and La India project

Exploration:   United States Exploration office, Europe Exploration office, Canada Exploration offices and Latin America Exploration office

Segment revenue and assets by geographical area

 

Year ended
December 31, 2013

  Revenues
from Mining
Operations

  Production
Costs

  Exploration
and Corporate
Development

  Impairment
Loss

  Segment
Income
(Loss)

 

 
Northern Business:                                
LaRonde mine   $ 329,900   $ (229,911 ) $   $   $ 99,989  
Lapa mine     141,167     (69,532 )       (67,894 )   3,741  
Goldex mine     21,418     (13,172 )           8,246  
Meadowbank mine     591,473     (363,894 )       (269,269 )   (41,690 )
Meliadine project                 (200,064 )   (200,064 )
Kittila mine     209,723     (98,446 )           111,277  

 
Total Northern Business   $ 1,293,681   $ (774,955 ) $   $ (537,227 ) $ (18,501 )

 

Southern Business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Pinos Altos mine   $ 303,203   $ (130,129 ) $   $   $ 173,074  
Creston Mascota deposit at Pinos Altos     41,522     (19,843 )           21,679  

 
Total Southern Business   $ 344,725   $ (149,972 ) $   $   $ 194,753  

 
Exploration   $   $   $ (44,236 ) $   $ (44,236 )

 
Segment income (loss)   $ 1,638,406   $ (924,927 ) $ (44,236 ) $ (537,227 ) $ 132,016  

 
 
Segment income   $ 132,016  

 
Corporate and other:        

 
  Foreign currency translation gain     7,188  

 
  Amortization of property, plant and mine development     (296,078 )

 
  Interest and sundry expense     (8,824 )

 
  Gain on sale of available-for-sale securities     74  

 
  Gain on derivative financial instruments     1,509  

 
  General and administrative     (115,800 )

 
  Impairment loss on available-for-sale securities     (34,272 )

 
  Provincial capital tax     1,504  

 
  Interest expense     (57,999 )

 
Loss before income and mining taxes   $ (370,682 )

 
 
Year ended
December 31, 2012

  Revenues
from Mining
Operations

  Production
Costs

  Exploration
and Corporate
Development

  Segment
Income
(Loss)

 

 
Northern Business:                          
LaRonde mine   $ 399,243   $ (225,647 ) $   $ 173,596  
Lapa mine     173,753     (73,376 )       100,377  
Goldex mine             (37,627 )   (37,627 )
Meadowbank mine     609,625     (347,710 )       261,915  
Kittila mine     284,429     (98,037 )       186,392  

 
Total Northern Business   $ 1,467,050   $ (744,770 ) $ (37,627 ) $ 684,653  

 

Southern Business:

 

 

 

 

 

 

 

 

 

 

 

 

 
Pinos Altos mine   $ 363,113   $ (128,618 ) $   $ 234,495  
Creston Mascota deposit at Pinos Altos     87,551     (24,324 )       63,227  

 
Total Southern Business   $ 450,664   $ (152,942 ) $   $ 297,722  

 
Exploration   $   $   $ (71,873 ) $ (71,873 )

 
Segment income (loss)   $ 1,917,714   $ (897,712 ) $ (109,500 ) $ 910,502  

 
 
Segment income   $ 910,502  

 
Corporate and other:        

 
  Foreign currency translation loss     (16,320 )

 
  Amortization of property, plant and mine development     (271,861 )

 
  Interest and sundry expense     (2,389 )

 
  Gain on sale of available-for-sale securities     9,733  

 
  Loss on derivative financial instruments     (819 )

 
  General and administrative     (119,085 )

 
  Impairment loss on available-for-sale securities     (12,732 )

 
  Provincial capital tax     (4,001 )

 
  Interest expense     (57,887 )

 
Income before income and mining taxes   $ 435,141  

 
 
Year ended
December 31, 2011

Revenues
from Mining
Operations

  Production
Costs

  Exploration
and Corporate
Development

  Loss on
Goldex
Mine

  Impairment
Loss

  Segment
(Loss)
Income

 

 
Northern Business:                                    
LaRonde mine $ 398,609   $ (209,947 ) $   $   $   $ 188,662  
Lapa mine   167,536     (68,599 )               98,937  
Goldex mine   217,662     (56,939 )       (302,893 )       (142,170 )
Meadowbank mine   434,051     (284,502 )           (907,681 )   (758,132 )
Kittila mine   225,612     (110,477 )               115,135  

 
Total Northern Business $ 1,443,470   $ (730,464 ) $   $ (302,893 ) $ (907,681 ) $ (497,568 )

 

Southern Business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Pinos Altos mine $ 321,074   $ (131,044 ) $   $   $   $ 190,030  
Creston Mascota deposit at Pinos Altos   57,255     (14,570 )                   42,685  

 
Total Southern Business $ 378,329   $ (145,614 ) $   $   $   $ 232,715  

 
Exploration $   $   $ (75,721 ) $   $   $ (75,721 )

 
Segment income (loss) $ 1,821,799   $ (876,078 ) $ (75,721 ) $ (302,893 ) $ (907,681 ) $ (340,574 )

 
 
Segment loss   $ (340,574 )

 
Corporate and other:        

 
  Foreign currency translation gain     1,082  

 
  Amortization of property, plant and mine development     (261,781 )

 
  Interest and sundry expense     (5,188 )

 
  Gain on sale of available-for-sale securities     4,907  

 
  Gain on derivative financial instruments     3,683  

 
  General and administrative     (107,926 )

 
  Impairment loss on available-for-sale securities     (8,569 )

 
  Provincial capital tax     (9,223 )

 
  Interest expense     (55,039 )

 
Loss before income and mining taxes   $ (778,628 )

 
 
      Total Assets as at December 31,
   
 
  2013
  2012
   
Northern Business:            

LaRonde mine   $ 878,719   $ 849,304

Lapa mine     78,293     168,712

Goldex mine     120,601     56,819

Meadowbank mine     711,387     1,005,890

Meliadine project     877,923     1,015,485

Kittila mine     870,332     837,002

Total Northern Business   $ 3,537,255   $ 3,933,212


Southern Business:

 

 

 

 

 

 

Pinos Altos mine   $ 537,560   $ 610,217

Creston Mascota deposit at Pinos Altos     86,185     68,735

La India project     512,450     377,049

Total Southern Business     1,136,195     1,056,001

Exploration     19,838     19,225

Corporate and other     266,071     247,681

Total   $ 4,959,359   $ 5,256,119

 
Schedule of capital expenditures
      Capital Expenditures
Year Ended December 31,
   
 
  2013
  2012
  2011
   
Northern Business:                  

LaRonde mine   $ 84,292   $ 75,214   $ 90,735

Lapa mine     22,738     18,475     18,397

Goldex mine     65,063     26,822     42,232

Meadowbank mine     76,811     105,095     116,860

Meliadine project     61,412     83,343     73,944

Kittila mine     83,770     60,036     86,514

Total Northern Business   $ 394,086   $ 368,985   $ 428,682


Southern Business:

 

 

 

 

 

 

 

 

 

Pinos Altos mine   $ 42,835   $ 24,212   $ 32,407

Creston Mascota deposit at Pinos Altos     17,582     5,777     7,559

La India project     116,786     39,236    

Total Southern Business   $ 177,203   $ 69,225   $ 39,966

Exploration   $   $ 55   $ 8,561

Corporate and other   $ 6,500   $ 7,285   $ 5,622

Total   $ 577,789   $ 445,550   $ 482,831

Schedule of changes in the carrying amount of goodwill by segment

 

 
  Meliadine project
  La India project
  Corporate
and other

  Total
 
   
 
Cost                          

 
Balance at January 1, 2013   $ 200,064   $ 29,215   $   $ 229,279  

 
Purchase of Urastar Gold Corporation (note 10)             9,802     9,802  

 
Balance at December 31, 2013   $ 200,064   $ 29,215   $ 9,802   $ 239,081  

 

Accumulated impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Balance at January 1, 2013   $   $   $   $  

 
Impairment loss     (200,064 )           (200,064 )

 
Balance at December 31, 2013   $ (200,064 ) $   $   $ (200,064 )

 
                           

 
Carrying amount   $   $ 29,215   $ 9,802   $ 39,017