ACQUISITIONS, DIVESTITURES AND CONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2023

ACQUISITIONS, DIVESTITURES AND CONTINUED OPERATIONS

Schedule of asset acquisition

Purchase price
Cash consideration	$	1,061.5
Common shares issued (49.3 million)(a)		271.6
Fair value of options issued (9.9 million)(b)		39.5
Fair value of contingent value rights issued (59.3 million)		4.7
Acquisition costs		14.6
Total purchase price	$	1,391.9

(a) Common shares issued were valued at the closing share price on February 23, 2022 of C$7.01. See Note 14.

(b) Fair value of stock options was determined using the Black-Scholes option pricing model. See Note 15i.

Schedule of purchase price allocation

Purchase price allocation
Mineral interests - pre-development properties	$	1,367.8
Land, plant and equipment		0.6
Total property, plant and equipment		1,368.4
Net working capital		23.5
Total purchase price	$	1,391.9

Schedule earning (loss) from discontinued operation

	Years ended
	December 31,		December 31,
	2023		2022
Results of discontinued operations
Revenue	$	—	$	162.3
Expenses		—		144.6
Earnings before tax		—		17.7
Income tax expense - net		—		(11.8)
Earnings and other comprehensive income from discontinued operations after tax	$	—	$	5.9

Schedule cash flow from discontinued operation

	Years ended
	December 31,		December 31,
	2023		2022
Cash flows of discontinued operations:
Net cash flow provided from operating activities	$	—	$	10.8
Net cash flow provided from investing activities		5.0		32.7
Effect of exchange rate changes on cash and cash equivalents		—		(0.7)
Net cash flow of discontinued operations	$	5.0	$	42.8

(1)

Highland Gold Mining group

ACQUISITIONS, DIVESTITURES AND CONTINUED OPERATIONS

Schedule earning (loss) from discontinued operation

	Years ended
	December 31,		December 31,
	2023		2022
Results of discontinued operations
Revenue	$	—	$	213.8
Expenses(a)		—		794.8
Loss before tax		—		(581.0)
Income tax expense - net		—		(61.2)
Loss and other comprehensive loss from discontinued operations after tax	$	—	$	(642.2)

(a) Includes an impairment charge of $671.0 million, a loss on disposition of $80.9 million, as well as $18.8 million for the reclassification of AOCI to (loss) earnings from discontinued operations on the discontinuation of hedge accounting for Russian rouble collar contracts recognized during the year ended December 31, 2022.

Schedule cash flow from discontinued operation

	Years ended
	December 31,		December 31,
	2023		2022
Cash flows of discontinued operations:
Net cash flow provided from operating activities	$	—	$	36.8
Net cash flow provided from investing activities(a)		40.0		263.5
Effect of exchange rate changes on cash and cash equivalents		—		2.3
Net cash flow of discontinued operations	$	40.0	$	302.6

(a) Net cash flows provided from investing activities for the year ended December 31, 2023 is in regards to the receipt of the deferred payment consideration of $40.0 million (year ended December 31, 2022 includes proceeds on completion of the sale of the Company’s Russian operations of $300.0 million, net of cash disposed).