22. 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, 2020
	Revenues from				Exploration and		Segment
	Mining		Production		Corporate		Income
	Operations		Costs		Development		(Loss)
Northern Business:
LaRonde mine	$	543,864	$	(169,824)	$	—	$	374,040
LaRonde Zone 5 mine		111,244		(47,899)		—		63,345
Goldex mine		227,181		(82,654)		—		144,527
Meadowbank Complex		366,743		(284,976)		(1,168)		80,599
Meliadine mine		569,063		(245,700)		—		323,363
Canadian Malartic joint operation		478,542		(195,312)		(18,637)		264,593
Kittila mine		372,132		(169,884)		—		202,248
Total Northern Business		2,668,769		(1,196,249)		(19,805)		1,452,715

Southern Business:
Pinos Altos mine		244,283		(124,678)		—		119,605
Creston Mascota mine		77,762		(35,088)		—		42,674
La India mine		147,299		(68,137)		—		79,162
Total Southern Business		469,344		(227,903)		—		241,441
Exploration		—		—		(93,687)		(93,687)
Segments totals	$	3,138,113	$	(1,424,152)	$	(113,492)	$	1,600,469
Total segments income							$	1,600,469
Corporate and other:
Amortization of property, plant and mine development								(631,101)
General and administrative								(116,288)
Finance costs								(95,134)
Gain on derivative financial instruments								107,873
Environmental remediation								(27,540)
Foreign currency translation loss								(22,480)
Other expenses								(48,234)
Income before income and mining taxes							$	767,565


	Year Ended December 31, 2019
	Revenues from				Exploration and				Segment
	Mining				Corporate		Impairment		Income
	Operations		Production 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

The following table sets out total assets by segment:


	As at December 31,		As at December 31,
	2020		2019
Northern Business:
LaRonde mine	$	852,171	$	794,503
LaRonde Zone 5 mine		71,545		66,553
Goldex mine		296,713		295,139
Meadowbank Complex		1,037,459		883,422
Meliadine mine		2,198,564		2,139,845
Canadian Malartic joint operation		1,542,916		1,548,564
Kittila mine		1,590,795		1,317,322
Total Northern Business		7,590,163		7,045,348

Southern Business:
Pinos Altos mine		458,786		521,713
Creston Mascota mine		8,008		28,833
La India mine		228,120		264,498
Total Southern Business		694,914		815,044
Exploration		434,809		462,789
Corporate and other		894,869		466,704
Total assets	$	9,614,755	$	8,789,885

The following table sets out the carrying amount of goodwill by segment for the years ended December 31, 2020 and December 31, 2019:


	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:


	Year Ended December 31,
	2020		2019
Northern Business:
LaRonde mine	$	109,262	$	81,831
LaRonde Zone 5 mine		9,823		8,441
Goldex mine		36,753		41,356
Meadowbank Complex		162,339		267,319
Meliadine mine		125,955		165,389
Canadian Malartic joint operation		52,642		83,051
Kittila mine		199,115		171,908
Total Northern Business		695,889		819,295
Southern Business:
Pinos Altos mine		24,482		39,421
La India mine		21,626		13,881
Total Southern Business		46,108		53,302
Corporate and other		17,345		10,067
Total capital expenditures	$	759,342	$	882,664

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


	Year Ended December 31,
	2020		2019
Canada	$	2,296,637	$	1,792,693
Mexico		469,344		441,876
Finland		372,132		260,323
Total revenues from mining operations	$	3,138,113	$	2,494,892

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:


	As at December 31,		As at December 31,
	2020		2019
Canada	$	6,168,927	$	5,571,885
Mexico		736,908		787,943
Finland		1,447,157		1,220,188
Sweden		13,812		13,812
United States		763		2,497
Total non-current assets	$	8,367,567	$	7,596,325