Segmented Information | 26. Segmented Information Operating Segments The Company’s reportable operating segments, which are the components of the Company’s business where separate financial information is available and which are evaluated on a regular basis by the Company’s Chief Executive Officer (“CEO”), who is the Company’s chief operating decision maker, for the purpose of assessing performance, are summarized in the tables below: Three Months Ended June 30, 2018 (in thousands) Sales Cost Depletion Gross Gain on Net Cash Flow Total Silver San Dimas 1 $ 17,673 $ 4,622 $ 1,567 $ 11,484 $ 245,715 $ 257,199 $ 13,051 $ — Peñasquito 25,315 6,452 4,572 14,291 — 14,291 18,863 395,052 Antamina 23,736 4,676 12,369 6,691 — 6,691 19,060 732,979 Constancia 6,826 2,418 2,927 1,481 — 1,481 4,409 254,773 Other 2 25,097 8,939 5,279 10,879 — 10,879 16,014 511,851 Total silver interests $ 98,647 $ 27,107 $ 26,714 $ 44,826 $ 245,715 $ 290,541 $ 71,397 $ 1,894,655 Gold Sudbury 3 $ 5,778 $ 1,760 $ 3,498 $ 520 $ — $ 520 $ 4,020 $ 372,366 Salobo 92,327 28,294 27,316 36,717 — 36,717 64,033 2,760,314 Constancia 2,857 869 812 1,176 — 1,176 1,989 120,025 San Dimas 1 4,733 2,243 2,079 411 — 411 2,490 218,158 Other 4 8,058 2,307 2,075 3,676 — 3,676 5,850 26,950 Total gold interests $ 113,753 $ 35,473 $ 35,780 $ 42,500 $ — $ 42,500 $ 78,382 $ 3,497,813 Cobalt Voisey’s Bay $ — $ — $ — $ — $ — $ — $ — $ 393,327 Total mineral stream interests $ 212,400 $ 62,580 $ 62,494 $ 87,326 $ 245,715 $ 333,041 $ 149,779 $ 5,785,795 Corporate General and administrative $ (11,972 ) $ (7,627 ) Interest expense (5,659 ) (5,459 ) Other (492 ) (1,493 ) Income tax recovery 3,224 — Total corporate $ (14,899 ) $ (14,579 ) $ 430,317 Consolidated $ 318,142 $ 135,200 $ 6,216,112 1) On May 10, 2018, the Company terminated the San Dimas SPA and concurrently entered into the San Dimas PMPA. 2) Where a silver interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the silver interest has been summarized under Other silver interests. Other silver interests are comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Stratoni, Neves-Corvo, Minto, Aljustrel, and 777 silver interests, the non-operating Keno Hill, Loma de La Plata, Pascua-Lama and Rosemont silver interests as well as the previously owned Lagunas Norte, Pierina and Veladero silver interests which expired on March 31, 2018. 3) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests, the non-operating Victor gold interest and the Stobie gold interest which was placed into care and maintenance during the second quarter of 2017. 4) Where a gold interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the gold interest has been summarized under Other gold interests. Other gold interests are comprised of the operating Minto and 777 gold interests and the non-operating Rosemont gold interest. Three Months Ended June 30, 2017 (in thousands) Sales Cost Depletion Net Cash Flow Total Silver San Dimas 1 $ 14,298 $ 3,617 $ 1,238 $ 9,443 $ 10,680 $ 138,173 Peñasquito 28,519 6,769 4,724 17,026 21,750 410,876 Antamina 24,873 5,087 14,257 5,529 15,729 790,072 Constancia 9,659 3,296 4,113 2,250 6,363 269,036 Other 2 31,465 9,942 6,821 14,702 21,216 766,091 Total silver interests $ 108,814 $ 28,711 $ 31,153 $ 48,950 $ 75,738 $ 2,374,248 Gold Sudbury 3 $ 7,264 $ 2,329 $ 4,480 $ 455 $ 4,930 $ 391,757 Salobo 63,577 20,191 19,223 24,163 43,386 2,861,619 Constancia 2,949 942 964 1,043 2,007 123,758 Other 4 17,080 4,808 3,952 8,320 12,192 39,240 Total gold interests $ 90,870 $ 28,270 $ 28,619 $ 33,981 $ 62,515 $ 3,416,374 Total mineral stream interests $ 199,684 $ 56,981 $ 59,772 $ 82,931 $ 138,253 $ 5,790,622 Corporate General and administrative $ (9,069 ) $ (6,869 ) Interest expense (6,482 ) (6,513 ) Other (324 ) (190 ) Income tax recovery 556 — Total corporate $ (15,319 ) $ (13,572 ) $ 205,388 Consolidated $ 67,612 $ 124,681 $ 5,996,010 1) On May 10, 2018, the Company terminated the San Dimas SPA and concurrently entered into the San Dimas PMPA. 2) Where a silver interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the silver interest has been summarized under Other silver interests. Other silver interests are comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Stratoni, Neves-Corvo, Minto, and 777 silver interests, the non-operating 3) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests, the non-operating 4) Where a gold interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the gold interest has been summarized under Other gold interests. Other gold interests are comprised of the operating Minto and 777 gold interests and the non-operating Six Months Ended June 30, 2018 (in thousands) Sales Cost Depletion Gross Gain on Net Cash Flow Total Silver San Dimas 1 $ 40,594 $ 10,549 $ 3,575 $ 26,470 $ 245,715 $ 272,185 $ 30,045 $ — Peñasquito 45,935 11,568 8,198 26,169 — 26,169 34,367 395,052 Antamina 47,506 9,496 24,659 13,351 — 13,351 38,010 732,979 Constancia 16,406 5,807 7,030 3,569 — 3,569 10,599 254,773 Other 2 54,372 18,186 11,284 24,902 — 24,902 36,037 511,851 Total silver interests $ 204,813 $ 55,606 $ 54,746 $ 94,461 $ 245,715 $ 340,176 $ 149,058 $ 1,894,655 Gold Sudbury 3 $ 12,679 $ 3,834 $ 7,622 $ 1,223 $ — $ 1,223 $ 8,968 $ 372,366 Salobo 165,162 50,152 48,418 66,592 — 66,592 115,010 2,760,314 Constancia 7,168 2,168 2,026 2,974 — 2,974 5,001 120,025 San Dimas 1 4,733 2,243 2,079 411 — 411 2,490 218,158 Other 4 17,097 4,991 4,868 7,238 — 7,238 11,001 26,950 Total gold interests $ 206,839 $ 63,388 $ 65,013 $ 78,438 $ — $ 78,438 $ 142,470 $ 3,497,813 Cobalt Voisey’s Bay $ — $ — $ — $ — $ — $ — $ — $ 393,327 Total mineral stream interests $ 411,652 $ 118,994 $ 119,759 $ 172,899 $ 245,715 $ 418,614 $ 291,528 $ 5,785,795 Corporate General and administrative $ (21,729 ) $ (17,497 ) Interest expense (11,249 ) (11,055 ) Other (3,080 ) (2,436 ) Income tax recovery 3,709 — Total corporate $ (32,349 ) $ (30,988 ) $ 430,317 Consolidated $ 386,265 $ 260,540 $ 6,216,112 1) On May 10, 2018, the Company terminated the San Dimas SPA and concurrently entered into the San Dimas PMPA. 2) Where a silver interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the silver interest has been summarized under Other silver interests. Other silver interests are comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Stratoni, Neves-Corvo, Minto, Aljustrel, and 777 silver interests, the non-operating 3) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests, the non-operating 4) Where a gold interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the gold interest has been summarized under Other gold interests. Other gold interests are comprised of the operating Minto and 777 gold interests and the non-operating Six Months Ended June 30, 2017 (in thousands) Sales Cost Depletion Net Cash Flow Total Silver San Dimas 1 $ 28,265 $ 7,022 $ 2,402 $ 18,841 $ 21,243 $ 138,173 Peñasquito 43,214 10,320 7,201 25,693 32,894 410,876 Antamina 44,851 9,134 25,734 9,983 35,717 790,072 Constancia 16,346 5,557 6,935 3,854 10,586 269,036 Other 2 67,302 20,378 14,544 32,380 44,695 766,091 Total silver interests $ 199,978 $ 52,411 $ 56,816 $ 90,751 $ 145,135 $ 2,374,248 Gold Sudbury 3 $ 15,637 $ 5,083 $ 9,778 $ 776 $ 10,523 $ 391,757 Salobo 140,206 45,394 43,216 51,596 94,812 2,861,619 Constancia 5,756 1,869 1,912 1,975 3,874 123,758 Other 4 36,058 10,515 11,993 13,550 21,186 39,240 Total gold interests $ 197,657 $ 62,861 $ 66,899 $ 67,897 $ 130,395 $ 3,416,374 Total mineral stream interests $ 397,635 $ 115,272 $ 123,715 $ 158,648 $ 275,530 $ 5,790,622 Corporate General and administrative $ (16,967 ) $ (17,344 ) Interest expense (12,854 ) (12,902 ) Other (419 ) (680 ) Income tax recovery 428 — Total corporate $ (29,812 ) $ (30,926 ) $ 205,388 Consolidated $ 128,836 $ 244,604 $ 5,996,010 1) On May 10, 2018, the Company terminated the San Dimas SPA and concurrently entered into the San Dimas PMPA. 2) Where a silver interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the silver interest has been summarized under Other silver interests. Other silver interests are comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Stratoni, Neves-Corvo, Minto, and 777 silver interests, the non-operating Keno Hill, Aljustrel, Loma de La Plata, Pascua-Lama and Rosemont silver interests, the previously owned Lagunas Norte, Pierina and Veladero silver interests which expired on March 31, 2018 and the previously owned Cozamin silver interest which expired on April 4, 2017. 3) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests, the non-operating Victor gold interest and the Stobie gold interest which was placed into care and maintenance during the second quarter of 2017. 4) Where a gold interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the gold interest has been summarized under Other gold interests. Other gold interests are comprised of the operating Minto and 777 gold interests and the non-operating Rosemont gold interest. Geographical Areas The Company’s geographical information, which is based on the location of the mining operations to which the mineral stream interests relate, are summarized in the tables below: Sales Carrying Amount at (in thousands) Three Months Six Months Silver Gold Cobalt Total North America Canada $ 15,448 7 % $ 33,917 8% $ 35,546 $ 399,317 $ 393,327 $ 828,190 14 % United States — 0 % — 0% 433 — — 433 0 % Mexico 48,285 23 % 92,693 23% 396,458 218,158 — 614,616 10 % Europe Greece 2,763 1 % 5,248 1% 7,108 — — 7,108 0 % Portugal 2,916 1 % 5,718 1% 23,141 — — 23,141 0 % Sweden 4,882 2 % 11,316 3% 38,623 — — 38,623 1 % South America Argentina/Chile 1 1,723 2 % 4,419 1% 264,411 — — 264,411 5 % Brazil 92,327 43 % 165,162 40% — 2,760,314 — 2,760,314 48 % Peru 44,056 21 % 93,179 23% 1,128,935 120,024 — 1,248,959 22 % Consolidated $ 212,400 100 % $ 411,652 100% $ 1,894,655 $ 3,497,813 $ 393,327 $ 5,785,795 100 % 1) Includes the Pascua-Lama project, which straddles the border of Argentina and Chile. Sales Carrying Amount at (in thousands) Three Months Six Months Silver Gold Cobalt Total North America Canada $ 27,106 14 % $ 57,519 15% $ 38,775 $ 430,997 $ — $ 469,772 8 % United States — 0 % — 0% 433 — — 433 0 % Mexico 45,195 23 % 78,828 20% 550,809 — — 550,809 10 % Europe Greece 2,021 1 % 5,445 1% 11,347 — — 11,347 0 % Portugal 1,918 1 % 4,659 1% 24,135 — — 24,135 0 % Sweden 6,750 3 % 12,340 3% 41,064 — — 41,064 1 % South America Argentina/Chile 1 2,496 1 % 5,171 1% 497,612 — — 497,612 9 % Brazil 63,577 32 % 140,206 35% — 2,861,619 — 2,861,619 49 % Peru 50,621 25 % 93,467 24% 1,210,073 123,758 — 1,333,831 23 % Consolidated $ 199,684 100 % $ 397,635 100% $ 2,374,248 $ 3,416,374 $ — $ 5,790,622 100 % 1) Includes the Pascua-Lama project, which straddles the border of Argentina and Chile. |