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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]            
Revenues         $ 604.4 $ 522.8
Operating expenses         321.0 275.5
Depreciation and depletion         220.3 200.1
Revenue less cost of goods sold         63.1 47.2
Corporate administration         23.7 22.9
Corporate restructuring [1]         4.2 0.0
Share-based payment expenses         5.1 8.3
Asset impairment         268.4 6.4
Exploration and business development         6.4 4.1
(Loss) earnings from operations         (244.7) 5.5
Finance income         1.1 1.4
Finance costs         (13.2) (9.9)
Other gains (losses)         39.2 (7.7)
Loss before taxes         (217.6) (10.7)
Income tax recovery         115.9 2.1
Loss from continuing operations [2]         (101.7) (8.6)
Profit (loss) from discontinued operations         (6.3) 1.6
Net loss $ (22.3) $ 4.1 $ (13.9) $ 25.6 $ (108.0) $ (7.0)
Loss from continuing operations per share            
Basic         $ (0.18) $ (0.02)
Diluted         (0.18) (0.02)
Loss per share            
Basic $ (0.04) $ 0.01 $ (0.03) $ 0.05 (0.19) (0.01)
Diluted $ (0.04) [3] $ 0.01 [3] $ (0.03) [3] $ 0.05 [3] $ (0.19) $ (0.01) [3]
Weighted average number of shares outstanding (in millions)            
Basic 513.3 513.0 511.2 509.6 564.7 511.8
Diluted 513.3 515.8 511.2 510.7 564.7 511.8
[1] Throughout 2017, the Company initiated a restructuring plan that impacted its corporate office workforce. As a result, the Company recognized a restructuring charge of approximately $4.2 million related to severance and other termination benefits.
[2] For the year ended December 31, 2017 and comparative periods, Peak Mines has been classified as a discontinued operation and accordingly earnings and cash flows from continuing operations are presented exclusive of Peak Mines. Refer to Note 16 for further details.
[3] For the periods in which the Company records a loss, diluted loss per share is calculated using the basic weighted average number of shares outstanding, as using the diluted weighted average number of shares outstanding in the calculation would be anti-dilutive.