XML 65 R31.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENTED INFORMATION
12 Months Ended
Dec. 31, 2024
SEGMENTED INFORMATION  
SEGMENTED INFORMATION

23.SEGMENTED INFORMATION

The Company identifies its operating 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. Each of the Company’s operating mines and significant projects are considered to be separate operating segments. Reportable operating segments represent more than 10.0% of the combined revenue from mining operations, income or loss or total assets of all 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. 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, 2024

​

​

Revenues from

​

​

​

​

Exploration and

​

Segment 

​

​

Mining

​

Production

​

Corporate

​

Income 

​

    

Operations

    

Costs

    

Development

    

(Loss)

LaRonde mine

​

$

588,839

​

$

(239,309)

​

$

—

​

$

349,530

LZ5

​

​

181,475

​

​

(80,186)

​

​

—

​

​

101,289

Canadian Malartic

​

​

1,492,313

​

​

(532,037)

​

​

—

​

​

960,276

Goldex

​

​

321,346

​

​

(129,977)

​

​

—

​

​

191,369

Meliadine

​

​

890,243

​

​

(350,280)

​

​

—

​

​

539,963

Meadowbank

​

​

1,178,132

​

​

(463,464)

​

​

—

​

​

714,668

Kittila

​

​

523,550

​

​

(227,334)

​

​

—

​

​

296,216

Detour Lake

​

​

1,582,974

​

​

(497,079)

​

​

—

​

​

1,085,895

Macassa

​

​

670,568

​

​

(201,371)

​

​

—

​

​

469,197

Fosterville

​

​

545,152

​

​

(147,045)

​

​

—

​

​

398,107

Pinos Altos

​

​

245,997

​

​

(168,231)

​

​

—

​

​

77,766

La India

​

​

65,164

​

​

(49,767)

​

​

—

​

​

15,397

Exploration

​

​

—

​

​

—

​

​

(219,610)

​

​

(219,610)

Segment totals

​

$

8,285,753

​

$

(3,086,080)

​

$

(219,610)

​

$

4,980,063

Total segments income

​

 

​

​

 

  

​

 

  

​

$

4,980,063

Corporate and other:

​

 

  

​

 

  

​

 

  

​

​

​

Amortization of property, plant and mine development

​

 

​

​

 

  

​

 

  

​

​

(1,514,076)

General and administrative

​

 

​

​

 

  

​

 

  

​

​

(207,450)

Finance costs

​

 

​

​

 

  

​

 

  

​

​

(126,738)

Loss on derivative financial instruments

​

 

​

​

 

  

​

 

  

​

​

(155,819)

Foreign currency translation loss

​

 

​

​

 

  

​

 

  

​

​

(9,383)

Care and maintenance

​

​

​

​

​

​

​

​

​

​

​

(60,574)

Other expenses

​

 

​

​

 

  

​

 

  

​

​

(84,468)

Income before income and mining taxes

​

​

​

​

 

  

​

 

  

​

$

2,821,555

​

​

23.SEGMENTED INFORMATION (Continued)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended December 31, 2023

​

​

Revenues from

​

​

​

​

Exploration and

    

​

​

​

​

Segment

​

​

Mining

​

Production

​

Corporate

​

Impairment

​

​

Income

​

    

Operations

    

Costs

    

Development

    

Loss

    

​

(Loss)

LaRonde mine

​

$

483,065

​

$

(218,020)

​

$

—

​

$

—

​

$

265,045

LZ5

​

 

130,711

​

 

(81,624)

​

 

—

​

 

—

​

 

49,087

Canadian Malartic

​

 

1,124,480

​

 

(465,814)

​

 

—

​

 

—

​

 

658,666

Goldex

​

 

272,801

​

 

(112,022)

​

 

—

​

 

—

​

 

160,779

Meliadine

​

 

697,431

​

 

(343,650)

​

 

—

​

 

—

​

 

353,781

Meadowbank

​

 

858,209

​

 

(524,008)

​

 

—

​

 

—

​

 

334,201

Kittila

​

​

448,719

​

​

(205,857)

​

​

—

​

​

—

​

​

242,862

Detour Lake

​

 

1,262,839

​

 

(453,498)

​

 

—

​

 

—

​

 

809,341

Macassa

​

 

431,827

​

 

(155,046)

​

 

—

​

 

(675,000)

​

 

(398,219)

Fosterville

​

 

552,468

​

 

(131,298)

​

 

—

​

 

—

​

 

421,170

Pinos Altos

​

​

212,876

​

​

(145,936)

​

​

—

​

​

(112,000)

​

​

(45,060)

La India

​

 

151,483

​

 

(96,490)

​

 

—

​

 

—

​

 

54,993

Exploration

​

 

—

​

 

—

​

 

(215,781)

​

 

—

​

 

(215,781)

Segment totals

​

$

6,626,909

​

$

(2,933,263)

​

$

(215,781)

​

$

(787,000)

​

$

2,690,865

Total segments income

​

​

​

​

​

​

​

 

​

​

​

​

​

$

2,690,865

Corporate and other:

​

​

​

​

​

​

​

 

​

​

 

​

​

 

​

Amortization of property, plant and mine development

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1,491,771)

General and administrative

​

​

​

​

​

​

​

 

​

​

​

  

​

​

(208,451)

Finance costs

​

 

  

​

 

  

​

 

  

​

 

  

​

 

(130,087)

Gain on derivative financial instruments

​

 

​

​

 

  

​

 

  

​

 

  

​

 

68,432

Foreign currency translation gain

​

 

​

​

 

  

​

 

  

​

 

  

​

 

328

Care and maintenance

​

 

​

​

 

  

​

 

  

​

 

  

​

 

(47,392)

Revaluation gain

​

​

​

​

​

​

​

​

​

​

​

​

​

​

1,543,414

Other expenses

​

 

​

​

 

  

​

 

  

​

 

  

​

 

(66,269)

Income before income and mining taxes

​

 

​

​

 

  

​

 

  

​

 

  

​

$

2,359,069

​

​

23.SEGMENTED INFORMATION (Continued)

​

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

​

​

​

​

​

​

​

​

​

​

Year Ended December 31, 

​

    

2024

    

2023

Canada

​

$

6,905,890

​

$

5,261,363

Australia

​

​

545,152

​

​

552,468

Finland

​

​

523,550

​

​

448,719

Mexico

​

​

311,161

​

​

364,359

Total revenues from mining operations

​

$

8,285,753

​

$

6,626,909

Note:

(i) Based on the location of the mine from which the product originated.

The following table sets out total assets by segment:

​

​

​

​

​

​

​

​

​

​

Total Assets as at

​

​

December 31, 

​

December 31, 

​

    

2024

    

2023

LaRonde mine

​

$

1,064,726

​

$

1,031,331

LZ5

​

​

166,484

​

​

133,531

Canadian Malartic

​

​

6,833,320

​

​

6,898,179

Goldex

​

​

457,204

​

​

401,573

Meliadine

​

​

2,344,399

​

​

2,356,234

Meadowbank

​

​

1,343,936

​

​

1,346,911

Kittila

​

​

1,559,735

​

​

1,685,400

Detour Lake

​

​

9,730,258

​

​

9,353,435

Macassa

​

​

1,774,106

​

​

1,638,864

Fosterville

​

​

1,044,241

​

​

976,221

Pinos Altos

​

 

392,480

​

 

410,653

La India

​

 

94,806

​

 

113,736

Exploration

​

 

1,418,441

​

 

1,253,334

Corporate and other

​

 

1,762,882

​

 

1,085,547

Total assets

​

$

29,987,018

​

$

28,684,949

​

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

​

​

​

​

​

​

​

​

​

​

As at December 31, 

​

As at December 31, 

​

    

2024

    

2023

Canada

    

$

23,803,520

​

$

23,049,670

Australia

​

​

1,176,213

​

​

1,174,789

Finland

​

​

1,431,114

​

​

1,471,378

Mexico

​

​

747,392

​

​

774,154

Sweden

​

​

13,812

​

​

14,970

United States

​

​

9,686

​

​

8,836

Total non-current assets

​

$

27,181,737

​

$

26,493,797

​

23.SEGMENTED INFORMATION (Continued)

The following table sets out the carrying amount of goodwill by segment for the years ended December 31, 2024 and December 31, 2023:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Canadian

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Malartic

​

​

​

​

​

​

​

    

Detour

    

Macassa

    

 Complex

    

Exploration

    

Total

Cost

​

$

1,215,444

​

$

420,887

​

$

2,882,228

​

$

60,000

​

$

4,578,559

Accumulated impairment

​

​

—

​

​

(420,887)

​

​

—

​

​

—

​

​

(420,887)

Carrying amount

​

$

1,215,444

​

$

—

​

$

2,882,228

​

$

60,000

$

 

4,157,672

​

The following table sets out capital expenditures by segment:

​

​

​

​

​

​

​

​

​

​

Year Ended December 31, 

​

    

2024

    

2023

LaRonde mine

​

$

127,613

​

$

122,917

LZ5

​

​

48,593

​

​

38,930

Canadian Malartic

​

​

320,103

​

​

263,151

Goldex

​

​

69,884

​

​

87,001

Meliadine

​

​

173,770

​

​

191,011

Meadowbank

​

​

96,137

​

​

128,063

Kittila

​

​

79,259

​

​

82,301

Detour Lake

​

​

502,756

​

​

422,668

Macassa

​

​

170,783

​

​

146,259

Fosterville

​

​

90,041

​

​

87,439

Pinos Altos

​

​

31,836

​

​

36,498

La India

​

​

30

​

​

266

Exploration

​

​

103,180

​

​

27,316

Corporate and other

​

​

3,964

​

​

20,309

Total capital expenditures

​

$

1,817,949

​

$

1,654,129

​