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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.

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  ​ ​

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)

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​

—

​

​

—

​

​

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

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​

​

 

  ​

​

 

  ​

​

 

  ​

​

$

8,589,483

Corporate and other:

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  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

​

​

Amortization of property, plant and mine development

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​

​

 

  ​

​

 

  ​

​

 

  ​

​

​

(1,645,297)

General and administrative

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​

​

 

  ​

​

 

  ​

​

 

  ​

​

​

(235,947)

Finance costs

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​

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  ​

​

 

  ​

​

 

  ​

​

​

(91,145)

Gain on derivative financial instruments

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​

​

 

  ​

​

 

  ​

​

 

  ​

​

​

223,960

Foreign currency translation gain

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​

​

​

  ​

​

 

  ​

​

 

  ​

​

​

25,654

Care and maintenance

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​

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​

​

​

​

​

​

​

​

(69,802)

Other income and expenses

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​

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  ​

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  ​

​

 

  ​

​

​

(92,995)

Income before income and mining taxes

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​

​

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  ​

​

 

  ​

​

 

  ​

​

$

6,703,911

Note:

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

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23.SEGMENTED INFORMATION (Continued)

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Year Ended December 31, 2024

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​

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

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​

(350,280)

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​

—

​

​

539,963

Meadowbank

​

 

1,178,132

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​

(463,464)

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—

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​

714,668

Kittila

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​

523,550

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(227,334)

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​

—

​

​

296,216

Detour Lake

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1,582,974

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​

(497,079)

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​

—

​

​

1,085,895

Macassa

​

 

670,568

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​

(201,371)

​

​

—

​

​

469,197

Fosterville

​

 

545,152

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​

(147,045)

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​

—

​

​

398,107

Pinos Altos

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​

245,997

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​

(168,231)

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​

—

​

​

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

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$

4,980,063

Corporate and other:

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​

​

​

​

​

​

 

​

​

 

​

Amortization of property, plant and mine development

​

​

​

​

​

​

​

​

​

​

​

(1,514,076)

General and administrative

​

​

​

​

​

​

​

 

​

​

​

(207,450)

Finance costs

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  ​

​

 

  ​

​

 

  ​

​

 

(126,738)

Loss on derivative financial instruments

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​

​

 

  ​

​

 

  ​

​

 

(155,819)

Foreign currency translation loss

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​

​

 

  ​

​

 

  ​

​

 

(9,383)

Care and maintenance

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​

​

 

  ​

​

 

  ​

​

 

(60,574)

Other income and expenses

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​

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  ​

​

 

  ​

​

 

(84,468)

Income before income and mining taxes

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  ​

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$

2,821,555

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23.SEGMENTED INFORMATION (Continued)

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

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Year Ended December 31, 

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  ​ ​ ​

2025

  ​ ​ ​

2024

Canada

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$

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:

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Total Assets as at

​

​

December 31, 

​

December 31, 

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  ​ ​ ​

2025

  ​ ​ ​

2024

LaRonde

​

$

1,265,895

​

$

1,231,210

Canadian Malartic

​

​

7,025,277

​

​

6,833,320

Goldex

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​

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

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​

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

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$

34,471,291

​

$

29,987,018

​

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

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​

​

​

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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

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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:

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​

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​

​

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​

​

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:

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​

​

​

​

​

​

​

​

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

​