LONG-TERM DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2023

LONG-TERM DEBT AND CREDIT FACILITIES

Schedule of long-term debt

		December 31, 2023								December 31, 2022
				Deferred
		Nominal		Financing		Carrying		Fair		Carrying		Fair
	Interest Rates	Amount		Costs(a)		Amount		Value(b)		Amount(a)		Value(b)
Senior notes	(i) 4.50%-6.875%	$	1,242.6	$	(9.1)	$	1,233.5	$	1,272.3	$	1,243.4	$	1,215.7
Revolving credit facility	(ii) SOFR plus 1.45%		—		—		—		—		200.0		200.0
Term loan	(ii) SOFR plus 1.25%		1,000.0		(0.9)		999.1		1,000.0		998.2		1,000.0
Tasiast loan	(iii) LIBOR plus 4.38%		—		—		—		—		151.3		160.0
Total long-term and current debt		$	2,242.6	$	(10.0)	$	2,232.6	$	2,272.3	$	2,592.9	$	2,575.7
Less: current portion			—		—		—		—		(36.0)		—
Long-term debt and credit facility		$	2,242.6	$	(10.0)	$	2,232.6	$	2,272.3	$	2,556.9	$	2,575.7

(a) Includes transaction costs on the senior notes and term loan.

(b) The fair value of the senior notes is primarily determined using quoted market determined variables. See Note 9iii.

Schedule of scheduled debt repayments

												2029 and
		2024		2025		2026		2027		2028		thereafter		Total
Senior notes	(i)	$	—	$	—	$	—	$	500.0	$	—	$	750.0	$	1,250.0
Term Loan	(ii)		—		1,000.0		—		—		—		—		1,000.0
Total debt payable		$	—	$	1,000.0	$	—	$	500.0	$	—	$	750.0	$	2,250.0

Schedule of interest charges and fees

Type of credit
Revolving credit facility	SOFR plus		1.45	%
Term loan	SOFR plus		1.25	%
Letters of credit	0.967	-	1.45	%
Standby fee applicable to unused availability			0.29	%

Schedule of changes in liabilities arising from financing activities

	Total current		Lease		Accrued interest
	and long-term debt		liabilities(a)		payable(b)		Total
Balance as at January 1, 2023	$	2,592.9	$	47.6	$	41.9	$	2,682.4
Changes from financing cash flows
Debt issued		588.1		—		—		588.1
Debt repayments		(960.0)		—		—		(960.0)
Interest paid		—		—		(53.2)		(53.2)
Payment of lease liabilities		—		(30.2)		—		(30.2)
		2,221.0		17.4		(11.3)		2,227.1
Other changes
Interest expense and accretion	$	—	$	2.1	$	66.9	$	69.0
Capitalized interest		—		—		108.9		108.9
Capitalized interest paid		—		—		(114.1)		(114.1)
Additions of lease liabilities		—		7.9		—		7.9
Other		11.6		0.2		(14.1)		(2.3)
		11.6		10.2		47.6		69.4
Balance as at December 31, 2023	$	2,232.6	$	27.6	$	36.3	$	2,296.5

	Total current		Lease		Accrued interest
	and long-term debt		liabilities(a)		payable(b)		Total
Balance as at January 1, 2022	$	1,629.9	$	54.8	$	25.3	$	1,710.0
Changes from financing cash flows
Debt issued		1,297.6		—		—		1,297.6
Debt repayments		(340.0)		—		—		(340.0)
Interest paid		—		—		(52.4)		(52.4)
Payment of lease liabilities		—		(23.2)		—		(23.2)
		2,587.5		31.6		(27.1)		2,592.0
Other changes
Interest expense and accretion	$	—	$	2.6	$	65.6	$	68.2
Capitalized interest		—		—		66.5		66.5
Capitalized interest paid		—		—		(43.7)		(43.7)
Additions of lease liabilities		—		14.8		—		14.8
Other		5.4		(1.4)		(19.4)		(15.4)
		5.4		16.0		69.0		90.4
Balance as at December 31, 2022	$	2,592.9	$	47.6	$	41.9	$	2,682.4

(a) See Note 12.

(b) Included in Accounts payable and accrued liabilities.