PROPERTY, PLANT AND MINE DEVELOPMENT

12 Months Ended

Dec. 31, 2025

PROPERTY, PLANT AND MINE DEVELOPMENT

9.PROPERTY, PLANT AND MINE DEVELOPMENT


								Mine
		Mining			Plant and			Development
		Properties			Equipment			Costs			Total
As at December 31, 2023		$	9,899,508		$	7,269,861		$	4,052,536		$	21,221,905
Additions			429,239			486,746			1,096,341			2,012,326
Disposals			(9,328)			(33,458)			—			(42,786)
Amortization			(715,100)			(751,404)			(258,442)			(1,724,946)
Transfers between categories			—			495,419			(495,419)			—
As at December 31, 2024		$	9,604,319		$	7,467,164		$	4,395,016		$	21,466,499
Additions			870,372			444,343			1,544,116			2,858,831
Impairment reversal (Note 24)			229,000			—			—			229,000
Acquisitions (Note 5)			122,142			1,668			—			123,810
Disposals			(5,267)			(41,425)			—			(46,692)
Amortization			(553,850)			(878,290)			(348,768)			(1,780,908)
Transfers between categories			13,729			595,587			(609,316)			—
As at December 31, 2025		$	10,280,445		$	7,589,047		$	4,981,048		$	22,850,540

As at December 31, 2024
Cost		$	14,779,479		$	13,291,636		$	6,253,774		$	34,324,889
Accumulated amortization and impairments			(5,175,160)			(5,824,472)			(1,858,758)			(12,858,390)
Carrying value - December 31, 2024		$	9,604,319		$	7,467,164		$	4,395,016		$	21,466,499

As at December 31, 2025
Cost		$	15,778,434		$	14,133,150		$	7,188,573		$	37,100,157
Accumulated amortization and impairments		$	(5,497,989)			(6,544,103)			(2,207,525)		$	(14,249,617)
Carrying value - December 31, 2025		$	10,280,445		$	7,589,047		$	4,981,048		$	22,850,540

During the year ended December 31, 2025, additions to plant and equipment included $41.8 million of right-of-use assets for lease arrangements entered into during the year (December 31, 2024 - $23.7 million) (Note 13).

As at December 31, 2025, major assets under construction, and therefore not yet being depreciated, included in the carrying value of property, plant and mine development was $837.6 million (December 31, 2024 - $697.5 million).

During the year ended December 31, 2025, the Company disposed of property, plant and mine development with a carrying value of $46.7 million (December 31, 2024 — $42.8 million). The net loss on disposal of $41.2 million (2024 — $37.7 million) was recorded in the other income and expenses line item in the consolidated statements of income (Note 22).

Geographic Information:


		As at			As at
		December 31,			December 31,
		2025			2024
Canada		$	19,533,387		$	18,165,400
Australia			1,208,660			1,169,784
Finland			1,362,875			1,409,724
Sweden			13,812			13,812
Mexico			726,432			702,120
United States			5,374			5,659
Total property, plant and mine development		$	22,850,540		$	21,466,499