PROPERTY, PLANT AND MINE DEVELOPMENT

12 Months Ended

Dec. 31, 2021

PROPERTY, PLANT AND MINE DEVELOPMENT

PROPERTY, PLANT AND MINE DEVELOPMENT

9.PROPERTY, PLANT AND MINE DEVELOPMENT

					Mine
	Mining		Plant and		Development
	Properties		Equipment		Costs		Total
As at December 31, 2019	$	2,008,551	$	3,187,795	$	1,807,319	$	7,003,665
Additions		204,239		285,083		498,624		987,946
Disposals		—		(15,248)		—		(15,248)
Amortization		(180,007)		(348,993)		(121,945)		(650,945)
Transfers between categories		126,630		117,062		(243,692)		—
As at December 31, 2020	$	2,159,413	$	3,225,699	$	1,940,306	$	7,325,418
Additions		76,403		183,670		684,804		944,877
Acquisition (Note 5)		91,204		91,906		—		183,110
Disposals		—		(13,603)		—		(13,603)
Amortization		(231,729)		(414,353)		(147,439)		(793,521)
Transfers between categories		(570)		194,247		(193,677)		—
As at December 31, 2021	$	2,094,721	$	3,267,566	$	2,283,994	$	7,646,281
As at December 31, 2020
Cost	$	3,680,992	$	6,528,830	$	2,798,411	$	13,008,233
Accumulated amortization and impairments		(1,521,579)		(3,303,131)		(858,105)		(5,682,815)
Carrying value - December 31, 2020	$	2,159,413	$	3,225,699	$	1,940,306	$	7,325,418
As at December 31, 2021
Cost	$	3,833,970	$	6,942,383	$	3,289,532	$	14,065,885
Accumulated amortization and impairments		(1,739,249)		(3,674,817)		(1,005,538)		(6,419,604)
Carrying value - December 31, 2021	$	2,094,721	$	3,267,566	$	2,283,994	$	7,646,281

During the year ended December 31, 2021, net additions to Plant and Equipment included $41.0 million of right-of-use assets for lease arrangements entered into during the year (2020 - $9.7 million).

As at December 31, 2021, major assets under construction, and therefore not yet being depreciated, included in the carrying value of property, plant and mine development was $579.3 million (2020 - $387.6 million).

During the year ended December 31, 2021, the Company produced and sold pre-commercial production ounces of gold from the Tiriganiaq open pit deposit at the Meliadine mine and the Amaruq underground project at the Meadowbank Complex. The Company deducts revenues from mining operations earned prior to commercial production from the cost of the related property, plant and mine development. During the year ended December 31, 2021, the Company earned $45.7 million of pre-commercial production revenue (2020 - $59.2 million).

During the year ended December 31, 2021, the Company disposed of property, plant and mine development with a carrying value of $13.6 million (2020 - $15.2 million). The net loss on disposal of $9.5 million (2020 - $14.2 million) was recorded in the other expenses line item in the consolidated statements of income.

Geographic Information:

	As at		As at
	December 31,		December 31,
	2021		2020
Canada	$	5,529,486	$	5,166,239
Finland		1,435,881		1,428,331
Sweden		13,812		13,812
Mexico		659,469		714,576
United States		7,633		2,460
Total property, plant and mine development	$	7,646,281	$	7,325,418