23. SEGMENTED INFORMATION

Agnico Eagle operates in a single industry, namely exploration for and production of gold. The Company’s primary operations are in Canada, Mexico and Finland. The Company identifies its reportable segments as those operations whose operating results are reviewed by the Chief Operating Decision Maker (“CODM”), the Chief Executive Officer for the purpose of allocating resources and assessing performance and that represent more than 10.0% of the combined revenue from mining operations, income or loss or total assets of all operating segments. Each of the Company’s significant operating mines and projects are considered to be separate operating segments. Certain operating segments that do not meet the quantitative thresholds are still disclosed where the Company believes that the information is useful. The CODM also reviews segment income (defined as revenues from mining operations less production costs, exploration and corporate development expenses and impairment losses and reversals) on a mine-by-mine basis. The following are the Company’s reportable segments organized according to their relationship with the Company’s three business units and reflect how the Company manages its business and how it classifies its operations for planning and measuring performance:

Northern Business:		LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank Complex, Meliadine mine, Canadian Malartic joint operation and Kittila mine
Southern Business:		Pinos Altos mine, Creston Mascota mine and La India mine
Exploration:		United States Exploration office, Europe Exploration office, Canada Exploration offices and Latin America Exploration office

Revenues from mining operations and production costs for the reportable segments are reported net of intercompany transactions.

Corporate and other assets and specific income and expense items are not allocated to reportable segments.


	Year Ended December 31, 2019
	Revenues from				Exploration and				Segment
	Mining		Production		Corporate		Impairment		Income
	Operations		Costs		Development		Reversal		(Loss)
Northern Business:
LaRonde mine	$	552,204	$	(215,012)	$	—	$	—	$	337,192
LaRonde Zone 5 mine		80,365		(41,212)		—		—		39,153
Lapa mine		4,877		(2,844)		—		—		2,033
Goldex mine		197,020		(82,533)		—		—		114,487
Meadowbank Complex		221,652		(180,848)		(3,528)		—		37,276
Meliadine mine		270,258		(142,932)		—		345,821		473,147
Canadian Malartic joint operation		466,317		(208,178)		(189)		—		257,950
Kittila mine		260,323		(142,517)		—		—		117,806
Total Northern Business		2,053,016		(1,016,076)		(3,717)		345,821		1,379,044

Southern Business:
Pinos Altos mine		249,577		(130,190)		—		—		119,387
Creston Mascota mine		78,023		(35,801)		—		—		42,222
La India mine		114,276		(65,638)		—		—		48,638
Total Southern Business		441,876		(231,629)		—		—		210,247
Exploration		—		—		(101,062)		—		(101,062)
Segments totals	$	2,494,892	$	(1,247,705)	$	(104,779)	$	345,821	$	1,488,229
Total segments income									$	1,488,229
Corporate and other:
Amortization of property, plant and mine development										(546,057)
General and administrative										(120,987)
Finance costs										(105,082)
Gain on derivative financial instruments										17,124
Environmental remediation										(2,804)
Foreign currency translation loss										(4,850)
Other income										13,169
Income before income and mining taxes									$	738,742


	Year Ended December 31, 2018
	Revenues from				Exploration and				Segment
	Mining				Corporate		Impairment		Income
	Operations		Production Costs		Development		Loss		(Loss)
Northern Business:
LaRonde mine	$	516,673	$	(228,294)	$	—	$	—	$	288,379
LaRonde Zone 5 mine		21,327		(12,991)		—		—		8,336
Lapa mine		39,797		(27,870)		—		—		11,927
Goldex mine		152,426		(78,533)		—		—		73,893
Meadowbank Complex		323,142		(211,147)		(25,128)		—		86,867
Canadian Malartic joint operation		448,526		(199,761)		(488)		(250,000)		(1,723)
Kittila mine		237,284		(157,032)		—		—		80,252
Total Northern Business		1,739,175		(915,628)		(25,616)		(250,000)		547,931

Southern Business:
Pinos Altos mine		270,855		(138,362)		—		—		132,493
Creston Mascota mine		54,673		(37,270)		—		—		17,403
La India mine		126,518		(69,095)		—		(39,017)		18,406
Total Southern Business		452,046		(244,727)		—		(39,017)		168,302
Exploration		—		—		(112,054)		(100,676)		(212,730)
Segments totals	$	2,191,221	$	(1,160,355)	$	(137,670)	$	(389,693)	$	503,503
Total segments income									$	503,503
Corporate and other:
Amortization of property, plant and mine development										(553,933)
General and administrative										(124,873)
Finance costs										(96,567)
Loss on derivative financial instruments										(6,065)
Environmental remediation										(14,420)
Foreign currency translation loss										(1,991)
Other income										35,294
Loss before income and mining taxes									$	(259,052)

The following table sets out total assets by segment:


	Total Assets as at
	December 31, 2019		December 31, 2018
Northern Business:
LaRonde mine	$	794,503	$	794,155
LaRonde Zone 5 mine		66,553		59,420
Lapa mine		4,128		11,654
Goldex mine		295,139		289,393
Meadowbank Complex		883,422		681,761
Meliadine mine		2,139,845		1,645,360
Canadian Malartic joint operation		1,548,564		1,550,565
Kittila mine		1,317,322		1,082,017
Total Northern Business		7,049,476		6,114,325

Southern Business:
Pinos Altos mine		521,713		551,179
Creston Mascota mine		28,833		47,960
La India mine		264,498		315,411
Total Southern Business		815,044		914,550
Exploration		462,789		489,270
Corporate and other		462,576		334,698
Total assets	$	8,789,885	$	7,852,843

The following table sets out the carrying amount of goodwill by segment for the years ended December 31, 2019 and December 31, 2018:


	Canadian
	Malartic Joint
	Operation		Exploration		Total
Cost	$	597,792	$	60,000	$	657,792
Accumulated impairment		(250,000)		—		(250,000)
Carrying amount	$	347,792	$	60,000	$	407,792

The following table sets out capital expenditures by segment:


	Capital Expenditures
	Year Ended December 31,
	2019		2018
Northern Business:
LaRonde mine	$	81,831	$	77,488
LaRonde Zone 5 mine		8,441		25,896
Goldex mine		41,356		52,857
Meadowbank Complex		267,319		202,353
Meliadine mine		165,389		398,090
Canadian Malartic joint operation		83,051		82,833
Kittila mine		171,908		173,704
Total Northern Business		819,295		1,013,221
Southern Business:
Pinos Altos mine		39,421		40,297
Creston Mascota mine		—		19,500
La India mine		13,881		9,197
Total Southern Business		53,302		68,994
Corporate and other		10,067		6,885
Total capital expenditures	$	882,664	$	1,089,100

The following table sets out revenues from mining operations by geographic area(i):


	Year Ended December 31,
	2019		2018
Canada	$	1,792,693	$	1,501,891
Mexico		441,876		452,046
Finland		260,323		237,284
Total revenues from mining operations	$	2,494,892	$	2,191,221

Note:

(i)

Presented based on the location of the mine from which the product originated.

The following table sets out non-current assets by geographic area:


	Non-current Assets as at
	December 31,		December 31,
	2019		2018
Canada	$	5,571,885	$	4,893,840
Mexico		787,943		863,672
Finland		1,220,188		1,007,370
Sweden		13,812		13,812
United States		2,497		1,697
Total non-current assets	$	7,596,325	$	6,780,391