Segmented Information | 26. Segmented Information Operating Segments The Company’s reportable operating segments, which are the components of the Company’s business where discrete 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, 2024 (in thousands) Sales Cost Depletion Net Cash Flow Total Assets Gold Salobo $ 129,466 $ 23,337 $ 20,783 $ 85,346 $ 105,795 $ 2,638,316 Sudbury 1 13,383 2,272 7,530 3,581 11,106 250,227 Constancia 15,640 2,791 2,143 10,706 12,849 71,769 San Dimas 16,021 4,320 1,971 9,730 11,701 140,542 Stillwater 6,190 1,090 1,106 3,994 5,100 209,162 Other 2 1,450 256 324 870 1,195 903,067 Total gold interests $ 182,150 $ 34,066 $ 33,857 $ 114,227 $ 147,746 $ 4,213,083 Silver Peñasquito $ 42,599 $ 6,667 $ 7,197 $ 28,735 $ 35,932 $ 261,561 Antamina 26,365 5,270 7,758 13,337 21,095 506,396 Constancia 12,122 2,614 2,574 6,934 9,508 172,475 Other 3 30,205 4,363 4,506 21,336 21,614 624,616 Total silver interests $ 111,291 $ 18,914 $ 22,035 $ 70,342 $ 88,149 $ 1,565,048 Palladium Stillwater $ 4,210 $ 753 $ 1,846 $ 1,611 $ 3,457 $ 216,696 Platreef - - - - - 78,815 Total palladium interests $ 4,210 $ 753 $ 1,846 $ 1,611 $ 3,457 $ 295,511 Platinum Marathon $ - $ - $ - $ - $ - $ 9,451 Platreef - - - - - 57,585 Total platinum interests $ - $ - $ - $ - $ - $ 67,036 Cobalt Voisey’s Bay $ 1,413 $ 274 $ 1,127 $ 12 $ 2,081 $ 346,874 Total mineral stream interests $ 299,064 $ 54,007 $ 58,865 $ 186,192 $ 241,433 $ 6,487,552 Other General and administrative $ (10,241 $ (8,962) Share based compensation (6,241 - Donations and community investments (703 (614) Finance costs (1,299) (1,057) Other 5,122 3,668 Income tax (50,513) (75) Total other $ (63,875) $ (7,040) $ 759,530 Consolidated $ 122,317 $ 234,393 $ 7,247,082 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 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 comprised of the operating Marmato gold interest as well as the non-operating 3) 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 comprised of the operating Los Filos, Zinkgruvan, Neves-Corvo, Marmato and Cozamin silver interests as well as the non-operating Three Months Ended June 30, 2023 (in thousands) Sales Cost Depletion Gain on Disposal 1 Net Cash Flow From Operations Total Assets Gold Salobo $ 91,350 $ 19,351 $ 15,209 $ - $ 56,790 $ 71,999 $ 2,356,169 Sudbury 2 9,549 1,910 4,892 - 2,747 7,579 274,048 Constancia 19,090 4,004 3,037 - 12,049 15,085 90,469 San Dimas 22,532 7,131 2,947 - 12,454 15,401 150,154 Stillwater 4,356 785 1,120 - 2,451 3,571 213,663 Other 3 2,634 1,494 246 - 894 1,252 537,197 Total gold interests $ 149,511 $ 34,675 $ 27,451 $ - $ 87,385 $ 114,887 $ 3,621,700 Silver Peñasquito $ 46,291 $ 8,475 $ 7,775 $ - $ 30,041 $ 37,816 $ 279,872 Antamina 23,302 4,523 6,794 - 11,985 18,780 532,828 Constancia 16,322 4,142 4,212 - 7,968 12,180 186,452 Other 4 21,166 5,094 3,068 5,027 18,031 15,878 482,572 Total silver interests $ 107,081 $ 22,234 $ 21,849 $ 5,027 $ 68,025 $ 84,654 $ 1,481,724 Palladium Stillwater $ 4,879 $ 887 $ 1,510 $ - $ 2,482 $ 3,993 $ 224,099 Platinum Marathon $ - $ - $ - $ - $ - $ - $ 9,448 Cobalt Voisey’s Bay $ 3,501 $ 846 $ 3,664 $ - $ (1,009) $ 4,335 $ 354,195 Total mineral stream interests $ 264,972 $ 58,642 $ 54,474 $ 5,027 $ 156,883 $ 207,869 $ 5,691,166 Other General and administrative $ (10,216) $ (9,544) Share based compensation (4,484) - Donations and community investments (1,940) (1,738) Finance costs (1,352) (999) Other 8,692 7,776 Income tax (6,135) (988) Total other $ (15,435) $ (5,493) $ 1,188,739 Consolidated $ 141,448 $ 202,376 $ 6,879,905 1) See Note 12 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 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 Marmato gold interests as well as the non-operating 4) 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 comprised of the operating Los Filos, Zinkgruvan, Neves-Corvo, Aljustrel, Cozamin and Marmato silver interests and the non-operating Minto, Six Months Ended June 30, 2024 (in thousands) Sales Cost Depletion Net Cash Flow Total Assets Gold Salobo $ 247,317 $ 47,472 $ 43,103 $ 156,742 $ 199,845 $ 2,638,316 Sudbury 1 21,844 3,923 12,258 5,663 17,920 250,227 Constancia 57,363 11,251 8,496 37,616 46,112 71,769 San Dimas 32,469 9,322 4,180 18,967 23,147 140,542 Stillwater 11,073 1,965 2,307 6,801 9,108 209,162 Other 2 2,773 494 661 1,618 2,279 903,067 Total gold interests $ 372,839 $ 74,427 $ 71,005 $ 227,407 $ 298,411 $ 4,213,083 Silver Peñasquito $ 86,249 $ 14,942 $ 14,671 $ 56,636 $ 71,307 $ 261,561 Antamina 44,453 8,835 13,134 22,484 35,618 506,396 Constancia 29,358 7,116 7,108 15,134 22,242 172,475 Other 3 47,889 7,433 7,583 32,873 37,433 624,616 Total silver interests $ 207,949 $ 38,326 $ 42,496 $ 127,127 $ 166,600 $ 1,565,048 Palladium Stillwater $ 8,887 $ 1,622 $ 3,971 $ 3,294 $ 7,265 $ 216,696 Platreef - - - - - 78,815 Total palladium interests $ 8,887 $ 1,622 $ 3,971 $ 3,294 $ 7,265 $ 295,511 Platinum Marathon $ - $ - $ - $ - $ - $ 9,451 Platreef - - - - - 57,585 Total platinum interests $ - $ - $ - $ - $ - $ 67,036 Cobalt Voisey’s Bay $ 6,195 $ 1,187 $ 5,069 $ (61) $ 9,087 $ 346,874 Total mineral stream interests $ 595,870 $ 115,562 $ 122,541 $ 357,767 $ 481,363 $ 6,487,552 Other General and administrative $ (20,705) $ (24,920) Share based compensation (7,522) (11,129) Donations and community investments (2,273) (1,988) Finance costs (2,741) (2,182) Other 12,317 12,820 Income tax (50,485) (191) Total other $ (71,409) $ (27,590) $ 759,530 Consolidated $ 286,358 $ 453,773 $ 7,247,082 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 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 comprised of the operating Marmato gold interest as well as the non-operating 3) 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 comprised of the operating Los Filos, Zinkgruvan, Neves-Corvo, Marmato and Cozamin silver interests as well as the non-operating Six Months Ended June 30, 2023 (in thousands) Sales Cost Depletion Gain on Disposal 1 Net Cash Flow From Operations Total Assets Gold Salobo $ 159,825 $ 34,471 $ 27,093 $ - $ 98,261 $ 125,353 $ 2,356,169 Sudbury 2 17,866 3,657 9,368 - 4,841 13,925 274,048 Constancia 31,615 6,742 5,114 - 19,759 24,873 90,469 San Dimas 42,812 13,782 5,711 - 23,319 29,030 150,154 Stillwater 8,343 1,483 2,189 - 4,671 6,860 213,663 Other 3 8,247 5,576 498 - 2,173 2,407 537,197 Total gold interests $ 268,708 $ 65,711 $ 49,973 $ - $ 153,024 $ 202,448 $ 3,621,700 Silver Peñasquito $ 80,162 $ 15,043 $ 13,802 $ - $ 51,317 $ 65,119 $ 279,872 Antamina 41,897 8,229 12,540 - 21,128 33,668 532,828 Constancia 24,674 6,387 6,495 - 11,792 18,288 186,452 Other 4 46,025 11,572 5,812 5,027 33,668 35,925 482,572 Total silver interests $ 192,758 $ 41,231 $ 38,649 $ 5,027 $ 117,905 $ 153,000 $ 1,481,724 Palladium Stillwater $ 9,614 $ 1,752 $ 2,713 $ - $ 5,149 $ 7,862 $ 224,099 Platinum Marathon $ - $ - $ - $ - $ - $ - $ 9,448 Cobalt Voisey’s Bay $ 8,357 $ 1,912 $ 8,138 $ - $ (1,693) $ 8,820 $ 354,195 Total mineral stream interests $ 479,437 $ 110,606 $ 99,473 $ 5,027 $ 274,385 $ 372,130 $ 5,691,166 Other General and administrative $ (20,315) $ (23,384) Share based compensation (11,881) (16,675) Donations and community investments (3,318) (3,146) Finance costs (2,731) (2,066) Other 16,254 14,955 Income tax 445 (4,332) Total other $ (21,546) $ (34,648) $ 1,188,739 Consolidated $ 252,839 $ 337,482 $ 6,879,905 1) See Notes 12 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 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 Marmato gold interests as well as the non-operating Minto, 777, Copper World, Santo Domingo, Fenix, Blackwater, Marathon, Curipamba, Goose and Cangrejos gold interests. On June 22, 2022, Hudbay announced that mining activities at 777 have concluded and closure activities have commenced. On May 13, 2023, Minto announced the suspension of operations at the Minto mine. 4) 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 comprised of the operating Los Filos, Zinkgruvan, Neves-Corvo, Aljustrel, Cozamin and Marmato silver interests and the non-operating Minto, 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 Month Ended Six Months Ended Gold Silver Palladium Platinum Cobalt Total North America Canada $ 14,796 5% $ 28,039 5% $ 710,047 $ 165,985 $ - $ 9,452 $ 346,874 $ 1,232,358 United States 10,400 3% 19,960 3% 209,163 26,299 216,696 - - 452,158 Mexico 63,876 21% 128,506 22% 140,539 375,761 - - - 516,300 Europe Portugal 6,649 2% 12,469 2% - 16,989 - - - 16,989 Sweden 18,100 6% 25,229 4% - 26,115 - - - 26,115 UK - 0% - 0% 20,342 - - - - 20,342 South America Argentina/Chile 1 - 0% - 0% - 253,512 - - - 253,512 Argentina - 0% - 0% - 10,889 - - - 10,889 Chile - 0% - 0% 56,281 - - - - 56,281 Brazil 129,466 43% 247,317 42% 2,638,316 - - - - 2,638,316 Peru 54,127 19% 131,174 21% 71,769 678,867 - - - 750,636 Ecuador - 0% - 0% 49,998 3,850 - - - 53,848 Colombia 1,650 1% 3,176 1% 40,922 6,781 - - - 47,703 Africa - - South Africa - 0% - 0% 275,706 - 78,815 57,584 - 412,105 Consolidated $ 299,064 100% $ 595,870 100% $ 4,213,083 $ 1,565,048 $ 295,511 $ 67,036 $ 346,874 $ 6,487,552 1) Includes the Pascua-Lama project, which straddles the border of Argentina and Chile. Sales Carrying Amount at (in thousands) Three Month Ended Six Months Ended Gold Silver Palladium Platinum Cobalt Total North America Canada $ 14,982 6% $ 33,555 7% $ 708,402 $ 141,292 $ - $ 9,451 $ 350,816 $ 1,209,961 United States 9,235 3% 17,958 4% 211,470 971 220,667 - - 433,108 Mexico 73,342 28% 130,980 28% 144,719 396,490 - - - 541,209 Europe Portugal 7,499 3% 16,044 3% - 17,516 - - - 17,516 Sweden 8,755 3% 20,709 4% - 27,017 - - - 27,017 UK - 0% - 0% 20,198 - - - - 20,198 South America Argentina/Chile 1 - 0% - 0% - 253,514 - - - 253,514 Argentina - 0% - 0% - 10,889 - - - 10,889 Chile - 0% - 0% 56,538 - - - - 56,538 Brazil 91,351 35% 159,824 34% 2,681,419 - - - - 2,681,419 Peru 58,713 22% 98,187 20% 80,265 699,107 - - - 779,372 Ecuador - 0% - 0% 39,455 3,779 - - - 43,234 Colombia 1,095 0% 2,180 0% 41,583 6,883 - - - 48,466 Consolidated $ 264,972 100% $ 479,437 100% $ 3,984,049 $ 1,557,458 $ 220,667 $ 9,451 $ 350,816 $ 6,122,441 1) Includes the Pascua-Lama project, which straddles the border of Argentina and Chile. |