XML 59 R31.htm IDEA: XBRL DOCUMENT v3.25.4
SEGMENTED INFORMATION
12 Months Ended
Dec. 31, 2025
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.

Effective December 31, 2025, the Company redefined its operating segments to reflect changes in how management evaluates the LaRonde mine and LZ5. These operations have been combined into the LaRonde Complex segment, and comparative information has been restated to conform with the revised presentation.

  ​ ​

Year Ended December 31, 2025

Revenues from

Exploration and

Segment 

Mining

Production

Corporate

Impairment

Income 

  ​ ​

Operations

  ​ ​

Costs

  ​ ​

Development

  ​ ​

Reversal

  ​ ​

(Loss)

LaRonde

$

1,303,218

$

(360,025)

$

$

$

943,193

Canadian Malartic

2,078,291

(488,160)

 

1,590,131

Goldex

460,907

(148,952)

 

311,955

Meliadine

1,328,761

(402,385)

 

926,376

Meadowbank

1,700,214

(552,470)

 

1,147,744

Kittila

748,635

(236,238)

512,397

Detour Lake

2,360,769

(565,439)

1,795,330

Macassa

1,021,752

(221,718)

 

229,000

1,029,034

Fosterville

537,795

(146,382)

 

391,413

Pinos Altos

323,322

(205,808)

 

117,514

Corporate and other(i)

44,187

(13,107)

31,080

Exploration

(206,684)

 

(206,684)

Segment totals

$

11,907,851

$

(3,340,684)

$

(206,684)

$

229,000

$

8,589,483

Total segments income

 

 

  ​

 

  ​

 

  ​

$

8,589,483

Corporate and other:

 

  ​

 

  ​

 

  ​

 

  ​

Amortization of property, plant and mine development

 

 

  ​

 

  ​

 

  ​

(1,645,297)

General and administrative

 

 

  ​

 

  ​

 

  ​

(235,947)

Finance costs

 

 

  ​

 

  ​

 

  ​

(91,145)

Gain on derivative financial instruments

 

 

  ​

 

  ​

 

  ​

223,960

Foreign currency translation gain

 

  ​

 

  ​

 

  ​

25,654

Care and maintenance

(69,802)

Other income and expenses

 

 

  ​

 

  ​

 

  ​

(92,995)

Income before income and mining taxes

 

  ​

 

  ​

 

  ​

$

6,703,911

Note:

(i) Relates to revenues and production costs from non-operating minesites.

23.SEGMENTED INFORMATION (Continued)

Year Ended December 31, 2024

Revenues from

Exploration and

Segment

Mining

Production

Corporate

Income

  ​ ​ ​

Operations

  ​ ​ ​

Costs

  ​ ​ ​

Development

  ​ ​ ​

(Loss)

LaRonde

$

770,314

$

(319,495)

$

$

450,819

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 income and expenses

 

 

  ​

 

  ​

 

(84,468)

Income before income and mining taxes

 

 

  ​

 

  ​

$

2,821,555

23.SEGMENTED INFORMATION (Continued)

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

Year Ended December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Canada

$

10,287,227

$

6,905,890

Australia

537,795

545,152

Finland

748,635

523,550

Mexico

334,194

311,161

Total revenues from mining operations

$

11,907,851

$

8,285,753

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, 

  ​ ​ ​

2025

  ​ ​ ​

2024

LaRonde

$

1,265,895

$

1,231,210

Canadian Malartic

7,025,277

6,833,320

Goldex

468,050

457,204

Meliadine

2,276,714

2,344,399

Meadowbank

1,567,865

1,343,936

Kittila

1,545,658

1,559,735

Detour Lake

10,201,708

9,730,258

Macassa

1,896,086

1,774,106

Fosterville

1,236,700

1,044,241

Pinos Altos

 

436,744

 

392,480

La India

 

85,100

 

94,806

Exploration

 

1,968,494

 

1,418,441

Corporate and other

 

4,497,000

 

1,762,882

Total assets

$

34,471,291

$

29,987,018

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

As at December 31, 

As at December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Canada

  ​ ​ ​

$

26,090,979

$

23,803,520

Australia

1,208,835

1,176,213

Finland

1,386,369

1,431,114

Mexico

768,822

747,392

Sweden

13,812

13,812

United States

8,532

9,686

Total non-current assets

$

29,477,349

$

27,181,737

23.SEGMENTED INFORMATION (Continued)

The following table sets out the carrying amount of goodwill by segment for the years ended December 31, 2025 and December 31, 2024:

Canadian

  ​ ​ ​

Detour

  ​ ​ ​

Malartic

  ​ ​ ​

Exploration

  ​ ​ ​

Total

Total goodwill

$

1,215,444

$

2,882,228

$

60,000

$

4,157,672

The following table sets out capital expenditures by segment:

Year Ended December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

LaRonde

$

182,465

$

176,206

Canadian Malartic

470,137

320,103

Goldex

70,284

69,884

Meliadine

166,346

173,770

Meadowbank

152,134

96,137

Kittila

79,530

79,259

Detour Lake

578,057

502,756

Macassa

195,104

170,783

Fosterville

128,776

90,041

Pinos Altos

44,961

31,836

Exploration

316,218

103,180

Corporate and other

34,188

3,994

Total capital expenditures

$

2,418,200

$

1,817,949