EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL

12 Months Ended

Dec. 31, 2019

EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL

EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL

26.  EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL

During the year ended December 31, 2019, employee benefits expense recognised in the statements of income (loss) was $636.8 million (2018 — $596.7 million). In 2019, there were no related party transactions other than compensation of key management personnel. In 2018, related party transactions consisted of the Company’s acquisition of the CMC Exploration Assets (Note 27) and compensation of key management personnel. Key management personnel include the members of the Board and the senior leadership team.

The following table sets out the compensation of key management personnel:

	Year Ended December 31,
	2019		2018
Salaries, short-term incentives and other benefits	$	14,553	$	14,701
Post-employment benefits		1,579		1,984
Share-based payments		24,130		20,440
Total	$	40,262	$	37,125