Income taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income taxes [Abstract]

Schedule of Deferred tax assets and liabilities

Recognized in earnings

As at December 31

2023

2022

2023

2022

Assets

Property, plant and equipment

$

67,736

$

84,668

$

515,872

$

448,136

Provision for reclamation

(4,157)

(3,817)

199,659

203,816

Inventories

3,292

1,689

11,540

8,248

Foreign exploration and development

(51)

(1,816)

2,589

2,641

Income tax losses (gains)

(141,907)

(66,227)

93,776

235,683

Defined benefit plan actuarial losses

-

-

4,279

2,698

Long-term investments and other

(17,704)

(2,355)

65,145

82,849

Deferred tax assets

(92,791)

12,142

892,860

984,071

Liabilities

Property, plant and equipment

-

-

-

-

Inventories

-

-

-

-

Deferred tax liabilities

-

-

-

-

Net deferred tax asset (liability)

$

(92,791)

$

12,142

$

892,860

$

984,071

Deferred tax allocated as

2023

2022

Deferred tax assets

$

892,860

$

984,071

Deferred tax liabilities

-

-

Net deferred tax asset 

$

892,860

$

984,071

2023

2022

Deferred tax asset at beginning of year

$

984,071

$

937,579

Recovery (expense) for the year in net earnings

(92,791)

12,142

Recovery for the year in equity

-

11,593

Recovery for the year in purchase price equation

-

28,196

Recovery (expense) for the year in other comprehensive income

1,581

(5,440)

Effect of movements in exchange rates

(1)

1

End of year

$

892,860

$

984,071

2023

2022

Income tax losses

$

357,148

$

337,749

Property, plant and equipment

2,299

2,297

Provision for reclamation

68,038

78,336

Long-term investments and other

127,420

18,628

Total

$

554,905

$

437,010

Schedule of Tax rate reconciliation

2023

2022

Earnings before income taxes and non-controlling interest

$

487,153

$

84,795

Combined federal and provincial tax rate

26.9%

26.9%

Computed income tax expense

131,044

22,810

Increase (decrease) in taxes resulting from:

Difference between Canadian rates and rates

applicable to subsidiaries in other countries

2,990

8,986

Change in unrecognized deferred tax assets

16,759

1,234

Income in equity-accounted investees

(41,519)

(25,264)

Change in uncertain tax positions

(9,331)

(6,282)

Bargain purchase gain

-

(6,129)

Other taxes

11,709

-

Foreign exchange permanent differences

12,044

(2,487)

Other permanent differences

2,641

2,663

Income tax expense (recovery)

$

126,337

$

(4,469)

Schedule of Earnings and income taxes by jurisdiction

2023

2022

Earnings (loss) before income taxes

Canada

$

562,139

$

99,944

Foreign

(74,986)

(15,149)

$

487,153

$

84,795

Current income taxes

Canada

$

26,230

$

2,260

Foreign

7,316

5,413

$

33,546

$

7,673

Deferred income taxes (recovery)

Canada

$

104,885

$

(10,178)

Foreign

(12,094)

(1,964)

$

92,791

$

(12,142)

Income tax expense (recovery)

$

126,337

$

(4,469)

Schedule of Income tax losses

Date of expiry

Canada

US

Other 

Total

2026

$

-

$

-

$

14,382

$

14,382

2027

-

-

239

239

2028

-

-

62

62

2029

47

-

12,273

12,320

2030

-

-

42,357

42,357

2031

-

21,268

-

21,268

2032

272

22,905

-

23,177

2033

-

35,206

-

35,206

2034

-

16,340

4,557

20,897

2035

-

7,448

7,283

14,731

2036

-

45,551

5,737

51,288

2037

27

34,120

3,005

37,152

2038

-

-

322

322

2039

953

-

141

1,094

2040

3,110

-

372

3,482

2041

77

-

-

77

2042

50

-

-

50

2043

71

-

-

71

No expiry

-

446,639

1,035,704

1,482,343

$

4,607

$

629,477

$

1,126,434

$

1,760,518