XML 139 R108.htm IDEA: XBRL DOCUMENT v3.19.1
SEGMENTED INFORMATION (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING SEGMENT RESULTS    
Gold revenues $ 368.2 $ 170.2
Copper revenues 226.1 203.8
Silver revenues 10.2 14.7
Total revenues 604.5 388.7
Operating expenses 325.4 198.3
Depreciation and depletion 239.9 160.1
Revenue less cost of goods sold 39.2 30.3
Corporate administration 23.2 23.7
Corporate restructuring [1] 4.1 [2] 4.2 [3]
Share-based payment expenses 0.7 5.1
Asset Impairment 1,054.8 268.4
Exploration and business development 3.0 6.4
Income (loss) from operations (1,046.6) (277.5)
Finance income 1.5 1.1
Finance costs (69.0) (12.8)
Other gains (losses) 18.1 46.6
(Loss) earnings before taxes (1,096.0) (242.6)
Income tax recovery (expense) (25.2) (84.6)
(Loss) earnings from continuing operations [4] (1,070.8) (158.0)
Loss from discontinued operations, net of tax [4] (154.9) 50.0
Net (loss) earnings (1,225.7) (108.0)
Rainy River [Member]    
OPERATING SEGMENT RESULTS    
Gold revenues 270.6 33.6
Copper revenues 0.0 0.0
Silver revenues 3.8 0.7
Total revenues [5] 274.4 34.3
Operating expenses 179.9 38.5
Depreciation and depletion 78.3 14.1
Revenue less cost of goods sold 16.2 (18.3)
Corporate administration 0.0 0.0
Corporate restructuring 0.0 [2] 0.0 [3]
Share-based payment expenses 0.0 0.0
Asset Impairment 836.6 268.4
Exploration and business development 0.5 2.2
Income (loss) from operations (820.9) (288.9)
Finance income 0.2 0.0
Finance costs (3.0) (1.7)
Other gains (losses) 12.1 12.2
(Loss) earnings before taxes (811.6) (278.4)
Income tax recovery (expense) (39.6) 86.0
(Loss) earnings from continuing operations (851.2) (192.4)
Loss from discontinued operations, net of tax 0.0 0.0
Net (loss) earnings (851.2) (192.4)
New Afton [Member]    
OPERATING SEGMENT RESULTS    
Gold revenues 83.8 94.1
Copper revenues 226.1 203.8
Silver revenues 4.2 4.1
Total revenues [5] 314.1 302.0
Operating expenses 104.3 107.1
Depreciation and depletion 158.2 139.3
Revenue less cost of goods sold 51.6 55.6
Corporate administration 0.0 0.0
Corporate restructuring 0.0 [2] 0.0 [3]
Share-based payment expenses 0.0 0.0
Asset Impairment 0.0 0.0
Exploration and business development 0.5 1.4
Income (loss) from operations 51.1 54.2
Finance income 0.1 0.0
Finance costs (1.4) (1.0)
Other gains (losses) (0.8) 2.4
(Loss) earnings before taxes 49.0 55.6
Income tax recovery (expense) 31.3 (0.2)
(Loss) earnings from continuing operations 80.3 55.4
Loss from discontinued operations, net of tax 0.0 0.0
Net (loss) earnings 80.3 55.4
Cerro San Pedro [Member]    
OPERATING SEGMENT RESULTS    
Gold revenues 13.8 42.5
Copper revenues 0.0 0.0
Silver revenues 2.2 9.9
Total revenues [5] 16.0 52.4
Operating expenses 41.2 52.7
Depreciation and depletion 3.4 6.7
Revenue less cost of goods sold (28.6) (7.0)
Corporate administration 0.0 0.0
Corporate restructuring 0.0 [2] 0.0 [3]
Share-based payment expenses 0.0 0.0
Asset Impairment 0.0 0.0
Exploration and business development 0.0 0.0
Income (loss) from operations (28.6) (7.0)
Finance income 0.1 0.2
Finance costs (0.8) (0.5)
Other gains (losses) (0.5) (1.2)
(Loss) earnings before taxes (29.8) (8.5)
Income tax recovery (expense) 0.1 (0.7)
(Loss) earnings from continuing operations (29.7) (9.2)
Loss from discontinued operations, net of tax 0.0 0.0
Net (loss) earnings (29.7) (9.2)
Corporate [Member]    
OPERATING SEGMENT RESULTS    
Gold revenues 0.0 0.0
Copper revenues 0.0 0.0
Silver revenues 0.0 0.0
Total revenues [5] 0.0 0.0
Operating expenses 0.0 0.0
Depreciation and depletion 0.0 0.0
Revenue less cost of goods sold 0.0 0.0
Corporate administration 23.2 23.7
Corporate restructuring 4.1 [2] 4.2 [3]
Share-based payment expenses 0.7 5.1
Asset Impairment 0.0 0.0
Exploration and business development 1.9 0.6
Income (loss) from operations (29.9) (33.6)
Finance income 1.1 0.9
Finance costs (63.6) (9.4)
Other gains (losses) 7.1 0.3
(Loss) earnings before taxes (85.3) (41.8)
Income tax recovery (expense) 0.9 2.9
(Loss) earnings from continuing operations (84.4) (38.9)
Loss from discontinued operations, net of tax 0.0 0.0
Net (loss) earnings (84.4) (38.9)
Other [Member]    
OPERATING SEGMENT RESULTS    
Gold revenues [6] 0.0 0.0
Copper revenues [6] 0.0 0.0
Silver revenues [6] 0.0 0.0
Total revenues [5] 0.0 0.0 [6]
Operating expenses [6] 0.0 0.0
Depreciation and depletion [6] 0.0 0.0
Revenue less cost of goods sold [6] 0.0 0.0
Corporate administration [6] 0.0 0.0
Corporate restructuring [6] 0.0 [2] 0.0 [3]
Share-based payment expenses [6] 0.0 0.0
Asset Impairment [6] 218.2 0.0
Exploration and business development [6] 0.1 2.2
Income (loss) from operations [6] (218.3) (2.2)
Finance income [6] 0.0 0.0
Finance costs [6] (0.2) (0.2)
Other gains (losses) [6] 0.2 32.9
(Loss) earnings before taxes [6] (218.3) 30.5
Income tax recovery (expense) [6] 32.5 (3.4)
(Loss) earnings from continuing operations [6] (185.8) 27.1
Loss from discontinued operations, net of tax [6] 0.0 0.0
Net (loss) earnings [6] (185.8) 27.1
Discontinued operations [member]    
OPERATING SEGMENT RESULTS    
Gold revenues [7] 0.0 0.0
Copper revenues [7] 0.0 0.0
Silver revenues [7] 0.0 0.0
Total revenues [5] 0.0 0.0 [7]
Operating expenses [7] 0.0 0.0
Depreciation and depletion [7] 0.0 0.0
Revenue less cost of goods sold [7] 0.0 0.0
Corporate administration [7] 0.0 0.0
Corporate restructuring [7] 0.0 [2] 0.0 [3]
Share-based payment expenses [7] 0.0 0.0
Asset Impairment [7] 0.0 0.0
Exploration and business development [7] 0.0 0.0
Income (loss) from operations [7] 0.0 0.0
Finance income [7] 0.0 0.0
Finance costs [7] 0.0 0.0
Other gains (losses) [7] 0.0 0.0
(Loss) earnings before taxes [7] 0.0 0.0
Income tax recovery (expense) [7] 0.0 0.0
(Loss) earnings from continuing operations [7] 0.0 0.0
Loss from discontinued operations, net of tax [7] (154.9) 50.0
Net (loss) earnings [7] $ (154.9) $ 50.0
[1] In 2018, the Company recognized a restructuring charge of $4.1 million in severance and other termination benefits related to changes at the executive leadership level of the organization. In 2017, the Company recognized a restructuring charge of $4.2 million in severance and other termination benefits related to restructuring its corporate office workforce.
[2] In 2018, the Company recognized a restructuring charge of approximately $4.1 million in severance and other termination benefits related to changes at the executive leadership level of the organization.
[3] In 2017, the Company recognized a restructuring charge of approximately $4.2 million in severance and other termination benefits related to restructuring its corporate office workforce.
[4] For the year ended December 31, 2018 and comparative periods, both Peak Mines and Mesquite have been classified as discontinued operations and accordingly earnings and cash flows from continuing operations are presented exclusive of Peak Mines and Mesquite. Peak Mines was sold in April 2018 and Mesquite was sold in October 2018. Refer to Note 15 for further details.
[5] Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2017.
[6] Other includes balances relating to the development and exploration properties that have no revenues or operating costs.
[7] Refer to Note 15 for further information on discontinued operations.