Segmented Information | 27. Segmented Information Operating Segments The Companyās reportable operating segments, which are the components of the Companyās business where separate financial information is available and which are evaluated on a regular basis by the Companyās Chief Executive Officer (āCEOā), who is the Companyās chief operating decision maker, for the purpose of assessing performance, are summarized in the tables below: Three Months Ended June 30, 2019 (in thousands) Sales Cost of Sales Depletion Gross Margin Impairment 1 Net (Loss) Earnings Cash Flow Total Assets Gold Salobo $ 76,329 $ 23,317 $ 22,114 $ 30,898 $ - $ 30,898 $ 58,184 $ 2,651,697 Sudbury 2 10,840 3,324 6,807 709 - 709 7,572 356,328 Constancia 5,830 1,763 1,592 2,475 - 2,475 3,954 113,964 San Dimas 13,601 6,226 3,184 4,191 - 4,191 9,776 201,448 Stillwater 4,366 771 1,714 1,881 - 1,881 3,595 233,233 Other 3 7,904 2,452 2,445 3,007 - 3,007 5,505 17,246 Total gold interests $ 118,870 $ 37,853 $ 37,856 $ 43,161 $ - $ 43,161 $ 88,586 $ 3,573,916 Silver PeƱasquito $ 13,582 $ 3,839 $ 2,794 $ 6,949 $ - $ 6,949 $ 9,743 $ 382,363 Antamina 17,660 3,530 10,352 3,778 - 3,778 14,277 688,767 Constancia 7,119 2,819 3,586 714 - 714 3,652 237,136 Other 4 24,952 11,612 4,338 9,002 - 9,002 14,230 496,675 Total silver interests $ 63,313 $ 21,800 $ 21,070 $ 20,443 $ - $ 20,443 $ 41,902 $ 1,804,941 Palladium Stillwater $ 7,283 $ 1,304 $ 2,478 $ 3,501 $ - $ 3,501 $ 5,979 $ 254,772 Cobalt Voiseyās Bay $ - $ - $ - $ - $ 165,912 $ (165,912 ) $ - $ 227,510 Total mineral stream interests $ 189,466 $ 60,957 $ 61,404 $ 67,105 $ 165,912 $ (98,807 ) $ 136,467 $ 5,861,139 Other General and administrative $ (12,249 ) $ (9,189 ) Finance costs (13,306 ) (14,828 ) Other (3,090 ) (3,168 ) Income tax recovery 2,758 (24 ) Total other $ (25,887 ) $ (27,209 ) $ 379,684 Consolidated $ (124,694 ) $ 109,258 $ 6,240,823 1) See Note 11 for more information. 2) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating 3) Where a gold interest represents less than 10% of the Companyās sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Companyās 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 777 gold interest and the non-operating 4) Where a silver interest represents less than 10% of the Companyās sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Companyās 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, Aljustrel, and 777 silver interests and the non-operating Three Months Ended June 30, 2018 (in thousands) Sales Cost of Sales Depletion Net Earnings Cash Flow From Operations Total Assets Gold Salobo $ 92,327 $ 28,294 $ 27,316 $ 36,717 $ 64,033 $ 2,760,314 Sudbury 1 5,778 1,760 3,498 520 4,020 372,366 Constancia 2,857 869 812 1,176 1,989 120,025 San Dimas 4,733 2,243 2,079 411 2,490 218,158 Other 2 8,058 2,307 2,075 3,676 5,850 26,950 Total gold interests $ 113,753 $ 35,473 $ 35,780 $ 42,500 $ 78,382 $ 3,497,813 Silver San Dimas 3 $ 17,673 $ 4,622 $ 1,567 $ 11,484 $ 13,051 $ - PeƱasquito 25,315 6,452 4,572 14,291 18,863 395,052 Antamina 23,736 4,676 12,369 6,691 19,060 732,979 Constancia 6,826 2,418 2,927 1,481 4,409 254,773 Other 4 25,097 8,939 5,279 10,879 16,014 511,851 Total silver interests $ 98,647 $ 27,107 $ 26,714 $ 44,826 $ 71,397 $ 1,894,655 Cobalt Voiseyās Bay $ - $ - $ - $ - $ - $ 393,327 Total mineral stream interests $ 212,400 $ 62,580 $ 62,494 $ 87,326 $ 149,779 $ 5,785,795 Other General and administrative $ (11,972) $ (8,273) Finance costs (7,367) (8,031) Gain on disposal of San Dimas SPA 3 245,715 - Other 1,216 1,773 Income tax recovery 3,224 (48) Total other $ 230,816 $ (14,579) $ 430,317 Consolidated $ 318,142 $ 135,200 $ 6,216,112 1) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating 2) Where a gold interest represents less than 10% of the Companyās sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Companyās 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 3) On May 10, 2018, the Company terminated the San Dimas SPA and concurrently entered into the new San Dimas PMPA. 4) Where a silver interest represents less than 10% of the Companyās sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Companyās 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 Six Months Ended June 30, 2019 (in thousands) Sales Cost of Sales Depletion Gross Margin Impairment 1 Net (Loss) Earnings Cash Flow Total Assets Gold Salobo $ 186,400 $ 57,317 $ 54,363 $ 74,720 $ - $ 74,720 $ 134,254 $ 2,651,697 Sudbury 2 16,107 4,948 10,135 1,024 - 1,024 11,215 356,328 Constancia 13,057 3,968 3,583 5,506 - 5,506 9,089 113,964 San Dimas 28,731 13,132 6,747 8,852 - 8,852 18,000 201,448 Stillwater 8,087 1,440 3,195 3,452 - 3,452 6,647 233,233 Other 3 16,888 5,029 4,113 7,746 - 7,746 12,237 17,246 Total gold interests $ 269,270 $ 85,834 $ 82,136 $ 101,300 $ - $ 101,300 $ 191,442 $ 3,573,916 Silver PeƱasquito $ 31,883 $ 8,739 $ 6,359 $ 16,785 $ - $ 16,785 $ 23,143 $ 382,363 Antamina 37,274 7,418 21,310 8,546 - 8,546 29,857 688,767 Constancia 18,490 7,153 9,095 2,242 - 2,242 11,337 237,136 Other 4 42,827 18,406 5,969 18,452 - 18,452 25,036 496,675 Total silver interests $ 130,474 $ 41,716 $ 42,733 $ 46,025 $ - $ 46,025 $ 89,373 $ 1,804,941 Palladium Stillwater $ 14,771 $ 2,621 $ 4,916 $ 7,234 $ - $ 7,234 $ 12,150 $ 254,772 Cobalt Voiseyās Bay $ - $ - $ - $ - $ 165,912 $ (165,912 ) $ - $ 227,510 Total mineral stream interests $ 414,515 $ 130,171 $ 129,785 $ 154,559 $ 165,912 $ (11,353 ) $ 292,965 $ 5,861,139 Other General and administrative $ (28,784 ) $ (33,900 ) Finance costs (27,252 ) (26,074 ) Other (2,824 ) (1,954 ) Income tax recovery 2,868 (3,585 ) Total other $ (55,992 ) $ (65,513 ) $ 379,684 Consolidated $ (67,345 ) $ 227,452 $ 6,240,823 1) See Note 11 for more information. 2) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating 3) Where a gold interest represents less than 10% of the Companyās sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Companyās 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 777 gold interest and the non-operating 4) Where a silver interest represents less than 10% of the Companyās sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Companyās 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, Aljustrel, and 777 silver interests and the non-operating Six Months Ended June 30, 2018 (in thousands) Sales Cost of Sales Depletion Net Earnings Cash Flow From Operations Total Assets Gold Salobo $ 165,162 $ 50,152 $ 48,418 $ 66,592 $ 115,010 $ 2,760,314 Sudbury 1 12,679 3,834 7,622 1,223 8,968 372,366 Constancia 7,168 2,168 2,026 2,974 5,001 120,025 San Dimas 4,733 2,243 2,079 411 2,490 218,158 Other 2 17,097 4,991 4,868 7,238 11,001 26,950 Total gold interests $ 206,839 $ 63,388 $ 65,013 $ 78,438 $ 142,470 $ 3,497,813 Silver San Dimas 3 $ 40,594 $ 10,549 $ 3,575 $ 26,470 $ 30,045 $ - PeƱasquito 45,935 11,568 8,198 26,169 34,367 395,052 Antamina 47,506 9,496 24,659 13,351 38,010 732,979 Constancia 16,406 5,807 7,030 3,569 10,599 254,773 Other 4 54,372 18,186 11,284 24,902 36,037 511,851 Total silver interests $ 204,813 $ 55,606 $ 54,746 $ 94,461 $ 149,058 $ 1,894,655 Cobalt Voiseyās Bay $ - $ - $ - $ - $ - $ 393,327 Total mineral stream interests $ 411,652 $ 118,994 $ 119,759 $ 172,899 $ 291,528 $ 5,785,795 Other General and administrative $ (21,729 ) $ (17,918 ) Finance costs (14,474 ) (14,567 ) Gain on disposal of San Dimas SPA 3 245,715 ā Other 145 1,595 Income tax recovery 3,709 (98 ) Total other $ 213,366 $ (30,988 ) $ 430,317 Consolidated $ 386,265 $ 260,540 $ 6,216,112 1) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating 2) Where a gold interest represents less than 10% of the Companyās sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Companyās 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 3) On May 10, 2018, the Company terminated the San Dimas SPA and concurrently entered into the new San Dimas PMPA. 4) Where a silver interest represents less than 10% of the Companyās sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Companyās 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 Geographical Areas The Companyās 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 June 30, 2019 (in thousands) Three Months Jun 30, 2019 Six Months Jun 30, 2019 Gold Interests Silver Interests Palladium Interests Cobalt Interests Total North America Canada $ 20,390 11 % $ 36,642 9 % $ 373,575 $ 32,861 $ - $ 227,510 $ 633,946 11 % United States 11,648 6 % 22,858 5 % 233,232 557 254,772 - 488,561 8 % Mexico 27,573 15 % 61,595 15 % 201,446 383,702 - - 585,148 10 % Europe Greece 3,637 2 % 4,905 1 % - 4,356 - - 4,356 0 % Portugal 6,127 3 % 16,347 4 % - 21,848 - - 21,848 0 % Sweden 5,080 3 % 8,642 2 % - 36,495 - - 36,495 1 % South America Argentina/Chile 1 - 0 % - 0 % - 264,401 - - 264,401 5 % Brazil 76,329 40 % 186,400 45 % 2,651,699 - - - 2,651,699 45 % Peru 38,682 20 % 77,126 19 % 113,964 1,060,721 - - 1,174,685 20 % Consolidated $ 189,466 100 % $ 414,515 100 % $ 3,573,916 $ 1,804,941 $ 254,772 $ 227,510 $ 5,861,139 100 % 1) Includes the Pascua-Lama project, which straddles the border of Argentina and Chile. Sales Carrying Amount at June 30, 2018 (in thousands) Three Months Jun 30, 2018 Six Months Ended Jun 30, 2018 Gold Interests Silver Interests Palladium Interests Cobalt Interests Total North America Canada $ 15,448 7 % $ 33,917 8 % $ 399,317 $ 35,546 $ - $ 393,327 $ 828,190 14 % United States - 0 % - 0 % - 433 - - 433 0 % Mexico 48,285 23 % 92,693 23 % 218,158 396,458 - - 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 % 120,024 1,128,935 - - 1,248,959 22 % Consolidated $ 212,400 100 % $ 411,652 100 % $ 3,497,813 $ 1,894,655 $ - $ 393,327 $ 5,785,795 100 % 1) Includes the Pascua-Lama project, which straddles the border of Argentina and Chile. |