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Sale of Blackwater (Tables)
 12 Months Ended
Dec. 31, 2020
Property, plant and equipment [abstract]  
Reconciliation of the loss on sale of Blackwater
Mining Properties

DepletableNon- depletablePlant & equipmentConstruction in progressTotal
(in millions of U.S. dollars)





COST





As at December 31, 20181,262.7 367.6 1,191.4 127.2 2,948.9 
Additions87.3 43.5 75.5 103.5 309.8 
Disposals(0.2)(0.1)(6.7)— (7.0)
Transfers101.3 — — (101.3)— 
Government grant(1)
— (2.0)— — (2.0)
As at December 31, 20191,451.1 409.0 1,260.2 129.4 3,249.7 
Additions57.7 85.7 68.3 88.2 299.9 
Disposals— — (9.1)— (9.1)
Transfers60.6 — — (60.6)— 
Sale of Blackwater, net of retained mineral interest (Note 10)— (194.3)(20.3)— (214.6)
As at December 31, 20201,569.4 300.4 1,299.1 157.0 3,325.9 
ACCUMULATED DEPRECIATION




As at December 31, 2018717.0 — 378.5 — 1,095.5 
Depreciation for the year114.4 — 114.9 — 229.3 
Disposals— — (3.1)— (3.1)
As at December 31, 2019831.4 — 490.3 — 1,321.7 
Depreciation for the period77.7 — 112.0 — 189.7 
Disposals— — (7.2)— (7.2)
Sale of Blackwater (Note 10)— — (6.6)— (6.6)
As at December 31, 2020909.1 — 588.5 — 1,497.6 
CARRYING AMOUNT




As at December 31, 2019619.7 409.0 769.9 129.4 1,928.0 
As at December 31, 2020660.3 300.4 710.6 157.0 1,828.3 
1.The province of British Columbia provides an incentive for exploration in British Columbia as a refundable tax credit. This refundable tax credit is treated as government assistance and reduces Mining Interests. For the year ended December 31, 2019, the Company received $2.0 million in refundable tax credits which was recorded as a reduction to Mining Interests.
Please see the table below for a reconciliation of the loss on sale of Blackwater:
(in millions of U.S. dollars)
Carrying value of assets and liabilities sold
Mineral interest357.3 
Reclamation and closure cost obligations(10.3)
Less: Mineral interests retained through Blackwater stream(150.0)
Carrying value of assets and liabilities sold197.0 
Proceeds received
Cash 106.0 
Fair value of Artemis common shares 26.1 
Receivable from Artemis (Note 5)37.9 
Transaction costs incurred(3.2)
Total proceeds received, net of transaction costs166.8 
Loss on sale of Blackwater(30.2)