Franco-Nevada (FNV) 6-K 10 Aug 22 2022 Q2 Franco-Nevada Reports Record Q2 Results Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2022
Ifrs Statement Line Items
Document Type	6-K
Entity File Number	001-35286
Entity Registrant Name	FRANCO-NEVADA CORPORATION
Entity Address, Address Line One	199 Bay Street
Entity Address, Address Line Two	Suite 2000
Entity Address, Address Line Three	P.O. Box 285
Entity Address, Address Line Four	Commerce Court Postal Station
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5L 1G9
Entity Central Index Key	0001456346
Document Period End Date	Jun. 30, 2022
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Position - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents (Note 4)	$ 910.6	$ 539.3
Receivables	144.3	119.8
Loan receivable (Note 5)		39.7
Prepaid expenses and other (Note 6)	47.9	52.6
Current assets	1,102.8	751.4
Royalty, stream and working interests, net (Note 7)	4,998.2	5,149.3
Investments (Note 5)	213.2	235.9
Deferred income tax assets	46.5	49.4
Other assets (Note 8)	49.8	23.9
Total assets	6,410.5	6,209.9
LIABILITIES
Accounts payable and accrued liabilities	34.9	33.6
Current income tax liabilities	7.5	9.6
Current liabilities	42.4	43.2
Deferred income tax liabilities	135.7	135.4
Other liabilities	5.7	6.1
Total liabilities	183.8	184.7
SHAREHOLDERS' EQUITY
Share capital (Note 16)	5,657	5,628.5
Contributed surplus	17.9	16.1
Retained earnings	740.8	484.9
Accumulated other comprehensive loss	(189)	(104.3)
Total shareholders' equity	6,226.7	6,025.2
Total liabilities and shareholders' equity	$ 6,410.5	$ 6,209.9

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Ifrs Statement Line Items
Revenue (Note 10)	$ 352.3	$ 347.1	$ 691.1	$ 656
Costs of sales
Costs of sales (Note 11)	45.5	47.3	89.1	87.9
Depletion and depreciation	69.6	77.2	144.2	148.4
Total costs of sales	115.1	124.5	233.3	236.3
Gross profit	237.2	222.6	457.8	419.7
Other operating expenses (income)
General and administrative expenses	5.8	5.4	11.4	9.6
Share-based compensation expenses (Note 12)		5	4.3	7
Impairment charges		7.5		7.5
Gain on sale of gold bullion	(0.2)	(0.6)	(1.5)	(1.2)
Total other operating expenses	5.6	17.3	14.2	22.9
Operating income	231.6	205.3	443.6	396.8
Foreign exchange (loss) gain and other income (expenses)	(0.4)	(1.2)	5.8	(1.3)
Income before finance items and income taxes	231.2	204.1	449.4	395.5
Finance items (Note 14)
Finance income	2.8	1.7	3.5	2.4
Finance expenses	(0.8)	(1.1)	(1.7)	(1.9)
Net income before income taxes	233.2	204.7	451.2	396
Income tax expense (Note 15)	36.7	29.4	72.7	49.2
Net income	196.5	175.3	378.5	346.8
Items that may be reclassified subsequently to profit and loss:
Currency translation adjustment	(49.2)	17.7	(27)	27.1
Items that will not be reclassified subsequently to profit and loss:
(Loss) gain on changes in the fair value of equity investments at fair value through other comprehensive income ("FVTOCI"), net of income tax (Note 5)	(76.8)	46.7	(57.1)	65.3
Other comprehensive (loss) income, net of taxes	(126)	64.4	(84.1)	92.4
Comprehensive income	$ 70.5	$ 239.7	$ 294.4	$ 439.2
Earnings per share (Note 17)
Basic earnings per share (in dollars per share)	$ 1.03	$ 0.92	$ 1.98	$ 1.82
Diluted earnings per share (in dollars per share)	$ 1.02	$ 0.92	$ 1.97	$ 1.81
Weighted average number of shares outstanding (Note 17)
Weighted average basic number of shares outstanding	191.5	191	191.4	191
Weighted average diluted number of shares outstanding	191.9	191.4	191.8	191.3

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net income	$ 378.5	$ 346.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depletion and depreciation	144.2	148.4
Share-based compensation expenses	3	3
Impairment charges		7.5
Unrealized foreign exchange loss		0.3
Deferred income tax expense	13.2	11.9
Other non-cash items	(6)	(2.4)
Acquisition of gold bullion	(23)	(21.2)
Proceeds from sale of gold bullion	26.5	17.5
Changes in other assets	(26.7)	(5.7)
Operating cash flows before changes in non-cash working capital	509.7	506.1
Changes in non-cash working capital:
Increase in receivables	(24.5)	(22.3)
Decrease (increase) in prepaid expenses and other	2.6	(6.3)
Increase (decrease) in current liabilities	0.1	(8)
Net cash provided by operating activities	487.9	469.5
Cash flows used in investing activities
Acquisition of royalty, stream and working interests	(12.8)	(733.5)
Acquisition of investments	(47.4)
Acquisition of energy well equipment	(0.6)	(0.7)
Proceeds from repayment of loan receivable	42.7
Proceeds from sale of investments	1.7	12.7
Net cash used in investing activities	(16.4)	(721.5)
Cash flows used in financing activities
Payment of dividends	(101.4)	(87)
Proceeds from draw of revolving credit facilities		150
Repayment of revolving credit facilities		(150)
Credit facility amendment costs		(0.1)
Proceeds from exercise of stock options	5.2	0.3
Net cash used in financing activities	(96.2)	(86.8)
Effect of exchange rate changes on cash and cash equivalents	(4)	2.3
Net change in cash and cash equivalents	371.3	(336.5)
Cash and cash equivalents at beginning of period	539.3	534.2
Cash and cash equivalents at end of period	910.6	197.7
Supplemental cash flow information:
Dividend income received	8.2	13.9
Interest and standby fees paid	1.3	1.3
Income taxes paid	$ 59.3	$ 51.3

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders Equity - USD ($) $ in Millions	Share capital	Contributed surplus	Accumulated other comprehensive loss	Retained earnings (deficit)	Total
Balance at beginning of period at Dec. 31, 2020	$ 5,580.1	$ 14	$ (115.9)	$ (34.4)	$ 5,443.8
Net income				346.8	346.8
Other comprehensive (loss) income			92.4		92.4
Total comprehensive income					439.2
Exercise of stock options	0.4	(0.1)			0.3
Share-based payments		3.2			3.2
Transfer of gain on disposal of equity investments at FVTOCI			(7)	7
Dividend reinvestment plan	19.5				19.5
Dividends declared				(106.5)	(106.5)
Balance at end of period at Jun. 30, 2021	5,600	17.1	(30.5)	212.9	5,799.5
Balance at beginning of period at Dec. 31, 2020	5,580.1	14	(115.9)	(34.4)	5,443.8
Exercise of stock options	0.5
Dividend reinvestment plan	41.8
Balance at end of period at Dec. 31, 2021	5,628.5	16.1	(104.3)	484.9	6,025.2
Net income				378.5	378.5
Other comprehensive (loss) income			(84.1)		(84.1)
Total comprehensive income					294.4
Exercise of stock options	6.7	(1.5)			5.2
Share-based payments		3.3			3.3
Transfer of gain on disposal of equity investments at FVTOCI			(0.6)	0.6
Dividend reinvestment plan	21.8				21.8
Dividends declared				(123.2)	(123.2)
Balance at end of period at Jun. 30, 2022	$ 5,657	$ 17.9	$ (189)	$ 740.8	$ 6,226.7

Corporate information

Corporate information	6 Months Ended
	Jun. 30, 2022
Corporate information
Corporate information	Note 1 - Corporate information Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) is incorporated under the Canada Business Corporations Act. The Company’s shares are listed on the Toronto Stock Exchange and the New York Stock Exchange and the Company is domiciled in Canada. The Company’s head and registered office is located at 199 Bay Street, Suite 2000, Toronto, Ontario, Canada.

Significant accounting policies

Significant accounting policies	6 Months Ended
	Jun. 30, 2022
Significant accounting policies
Significant accounting policies	Note 2 - Significant accounting policies (a) Basis of presentation These unaudited condensed consolidated interim financial statements include the accounts of Franco-Nevada and its wholly-owned subsidiaries (its “subsidiaries”) (hereinafter together with Franco-Nevada, the “Company”). These condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) applicable to the preparation of condensed interim financial statements, including IAS 34 Interim Financial Reporting The financial information included herein reflects all adjustments, consisting only of normal recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the results for the interim periods presented. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the full year. Seasonality is not considered to have a significant impact over the condensed consolidated interim financial statements. Taxes on income in the interim period have been accrued using the tax rates that would be applicable to expected total annual income. (b) Significant judgments, estimates and assumptions The preparation of consolidated financial statements in accordance with IFRS requires the Company to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The areas of judgment and estimation are consistent with those reported in the annual consolidated financial statements for the year ended December 31, 2021. (c) New and Amended Accounting Standards Certain new accounting standards and interpretations have been published that are currently effective requirements or forthcoming requirements. These standards are not expected to have a material impact on the Company’s current or future reporting periods.

Acquisitions and other transact

Acquisitions and other transactions	6 Months Ended
	Jun. 30, 2022
Acquisitions and other transactions
Acquisitions and other transactions	​ ​ Note 3 - Acquisitions and other transactions (a) Financing Package with G Mining Ventures on the Tocantinzinho Gold Project – Brazil Subsequent to Q2 2022, on July 18, 2022, the Company’s wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation (“FNBC”), acquired a gold stream with reference to production from the Tocantinzinho project, owned by G Mining Ventures Corp. (“G Mining Ventures”) and located in Pará State, Brazil (the “Stream”). FNBC will provide a deposit of $250.0 million. Additionally, the Company, through one of its wholly-owned subsidiaries, agreed to provide G Mining Ventures with a $75.0 million secured term loan (the “Term Loan”). Stream deliveries to FNBC are based on gold production from the Tocantinzinho property, according to the following schedule: (i) 12.5% of gold produced until 300,000 ounces of gold have been delivered and, thereafter, (ii) 7.5% of gold produced for the remaining mine life. G Mining Ventures will receive 20% of the spot gold price for each ounce of gold delivered. The $250 million deposit will become available after G Mining Ventures has spent at least $95 million on the Tocantinzinho project from January 1, 2022 and subject to certain other conditions. The Term Loan is a $75 million, 6-year 5-year Franco-Nevada also subscribed for 44,687,500 G Mining Common Shares for gross proceeds of $27.5 million at a share price of C$0.80 per G Mining Common Share. (b) Acquisition of Caserones Royalty – Chile On April 14, 2022, the Company agreed to acquire, through a wholly-owned subsidiary, an effective 0.4582% NSR on JX Nippon’s producing Caserones copper-molybdenum mine located in the Atacama Region of northern Chile for an aggregate purchase price of approximately $37.4 million. To purchase its interest in the Caserones royalty, Franco-Nevada acquired shares in Socieded Legal Minera California Una de la Sierra Peña Negra (“SLM California”). SLM California is a privately held entity whose purpose is to pay Chilean taxes in respect of and distribute proceeds from the Caserones royalty to its shareholders. Franco-Nevada is entitled to royalty payments in respect of the period commencing January 1, 2022. The Company also completed a private placement with EMX Royalty Corporation (“EMX”), acquiring 3,812,121 units of EMX at C $3.30 per unit for total cost of $10.0 million (C $12.6 million). Each unit consists of one common share of EMX and one warrant to purchase one common share of EMX over five years at an exercise price of C $4.45 . EMX used the proceeds from the private placement to acquire an NSR on the Caserones mine on similar terms as Franco-Nevada. Franco-Nevada’s investments in SLM California and EMX are accounted for as equity investments and designated at fair value through other comprehensive income in accordance with IFRS 9 Financial Instruments ​ (c) Acquisition of Additional Castle Mountain Royalty – California, U.S. On May 2, 2022, the Company, through a wholly-owned subsidiary, acquired an existing 2% NSR on gold and silver produced from the Pacific Clay claims, which comprise a portion of the JSLA pit of Equinox Gold’s Castle Mountain project in San Bernardino County, California, for $6.0 million. When combined with the Company’s 2.65% NSR on the broader Castle Mountain land position, the Company now has an effective 4.65% NSR on the Pacific Clay claims. (d) Acquisition of Royalties – Chile Subsequent to Q2 2022, on July 25, 2022, the Company acquired, through a wholly-owned subsidiary, a portfolio of seven royalties, each with a 2% NSR on precious metals and 1% NSR on base metals, for $1.0 million. (e) Acquisition of Mineral Rights with Continental Resources, Inc. – U.S. The Company, through a wholly-owned subsidiary, has a strategic relationship with Continental Resources, Inc (“Continental”) to acquire, through a jointly-owned entity (the “Royalty Acquisition Venture”), royalty rights within Continental’s areas of operation. Franco-Nevada recorded contributions to the Royalty Acquisition Venture of $3.6 million in H1 2022 (H1 2021 – $4.1 million). As at June 30, 2022, Franco-Nevada’s total cumulative investment in the Royalty Acquisition Venture totaled $432.0 million and Franco-Nevada has remaining commitments of up to $88.0 million. Accounts payable at June 30, 2022 include $0.6 million (December 31, 2021 - $1.7 million) of contributions disbursed after period-end. The Royalty Acquisition Venture is accounted for as a joint operation in accordance with IFRS 11 Joint Arrangements .

Cash and cash equivalents

Cash and cash equivalents	6 Months Ended
	Jun. 30, 2022
Cash and cash equivalents
Cash and cash equivalents	Note 4 - Cash and cash equivalents Cash and cash equivalents comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ 2022 2021 Cash deposits ​ ​ $ 541.2 ​ ​ $ 529.7 ​ Term deposits ​ ​ 369.4 ​ ​ 9.6 ​ ​ ​ ​ $ 910.6 ​ ​ $ 539.3 ​ ​ As at June 30, 2022 and December 31, 2021, cash and cash equivalents were primarily held in interest-bearing deposits.

Investments and loan receivable

Investments and loan receivable	6 Months Ended
	Jun. 30, 2022
Investments and loan receivable
Investments and loan receivable	Note 5 - Investments and loan receivable Investments and loan receivable comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ 2022 2021 Loan receivable ​ ​ $ — ​ ​ $ 39.7 ​ ​ ​ ​ $ — ​ ​ $ 39.7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity investments ​ ​ $ 210.6 ​ ​ $ 235.1 ​ Warrants ​ ​ 2.6 ​ ​ 0.8 ​ ​ ​ ​ $ 213.2 ​ ​ $ 235.9 ​ ​ ​ (a) Equity investments Equity investments comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ 2022 2021 Labrador Iron Ore Royalty Corporation ("LIORC") ​ ​ $ 139.3 ​ ​ $ 187.4 ​ SLM California ​ ​ ​ 37.4 ​ ​ ​ — ​ Other ​ ​ 33.9 ​ ​ 47.7 ​ ​ ​ ​ $ 210.6 ​ ​ $ 235.1 ​ ​ During the six months ended June 30, 2022, the Company disposed of equity investments with a cost of $1.1 million (H1 2021 - $4.6 million) for gross proceeds of $1.7 million (H1 2021 - $12.7 million). The change in the fair value of equity investments recognized in other comprehensive income for the periods ended June 30, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the six months ended ​ ​ June 30, ​ June 30, ​ ​ 2022 2021 2022 2021 (Loss) gain on changes in the fair value of equity investments at FVTOCI ​ $ (88.4) ​ $ 53.5 ​ ​ $ (65.8) ​ ​ $ 74.9 ​ Income tax recovery (expense) in other comprehensive income ​ 11.6 ​ (6.8) ​ ​ 8.7 ​ ​ (9.6) ​ (Loss) gain on changes in the fair value of equity investments at FVTOCI, net of income tax ​ $ (76.8) ​ $ 46.7 ​ $ (57.1) ​ ​ $ 65.3 ​ ​ (b) Loan receivable The loan receivable was extended to Noront Resources Ltd. (“Noront”) as part of the Company’s acquisition of royalty rights in the Ring of Fire mining district of Ontario, Canada, in April 2015. On May 4, 2022, following the acquisition of Noront by Wyloo Metals Pty Ltd., the Company received $42.7 million as full repayment of the loan.

Prepaid expenses and other curr

Prepaid expenses and other current assets	6 Months Ended
	Jun. 30, 2022
Prepaid expenses and other current assets.
Prepaid expenses and other current assets	Note 6 - Prepaid expenses and other current assets Prepaid expenses and other current assets comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ ​ 2022 2021 Gold bullion ​ ​ $ 30.4 ​ ​ $ 32.4 ​ Prepaid expenses ​ ​ 16.2 ​ ​ 18.8 ​ Stream ounces inventory ​ ​ ​ 0.4 ​ ​ ​ 0.5 ​ Debt issue costs ​ ​ 0.9 ​ ​ 0.9 ​ ​ ​ ​ $ 47.9 ​ ​ $ 52.6 ​ ​

Royalty, stream and working int

Royalty, stream and working interests	6 Months Ended
	Jun. 30, 2022
Royalty, stream and working interests
Royalty, stream and working interests	​ ​ Note 7 - Royalty, stream and working interests (a) Royalties, streams and working interests Royalty, stream and working interests, net of accumulated depletion and impairment charges and reversals, comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impairment ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ (charges) ​ ​ ​ ​ ​ As at June 30, 2022 Cost depletion (1) reversals Carrying value Mining royalties ​ $ 1,580.5 ​ $ (702.1) ​ $ — ​ ​ $ 878.4 ​ Streams ​ ​ 4,511.9 ​ ​ (1,979.4) ​ ​ — ​ ​ ​ 2,532.5 ​ Energy ​ ​ 1,964.2 ​ ​ (740.2) ​ ​ — ​ ​ ​ 1,224.0 ​ Advanced ​ ​ 363.5 ​ ​ (56.7) ​ ​ — ​ ​ ​ 306.8 ​ Exploration ​ ​ 69.3 ​ ​ (12.8) ​ ​ — ​ ​ ​ 56.5 ​ ​ ​ $ 8,489.4 ​ $ (3,491.2) ​ $ — ​ ​ $ 4,998.2 ​ 1. Accumulated depletion includes previously recognized impairment charges and reversals. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impairments ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ (charges) ​ ​ ​ ​ ​ As at December 31, 2021 Cost depletion (1) reversals Carrying value Mining royalties ​ $ 1,590.2 ​ $ (687.2) ​ $ — ​ ​ $ 903.0 ​ Streams ​ ​ 4,511.9 ​ ​ (1,888.9) ​ ​ — ​ ​ 2,623.0 ​ Energy ​ ​ 1,972.6 ​ ​ (789.8) ​ ​ 75.5 ​ ​ 1,258.3 ​ Advanced ​ ​ 365.9 ​ ​ (49.6) ​ ​ (7.5) ​ ​ ​ 308.8 ​ Exploration ​ ​ 67.1 ​ ​ (10.9) ​ ​ — ​ ​ ​ 56.2 ​ ​ ​ $ 8,507.7 ​ $ (3,426.4) ​ $ 68.0 ​ ​ $ 5,149.3 ​ ​ 1. Accumulated depletion includes previously recognized impairment charges and reversals. Changes in royalty, stream and working interests for the periods ended June 30, 2022 and December 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mining ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ royalties Streams Energy Advanced Exploration Total Balance at January 1, 2021 ​ $ 406.9 ​ $ 2,653.6 ​ $ 1,214.6 ​ $ 294.0 ​ $ 63.0 ​ $ 4,632.1 ​ Additions ​ 540.0 ​ ​ 165.6 ​ ​ 24.7 ​ ​ 22.7 ​ ​ — ​ 753.0 ​ Transfers ​ 6.3 ​ — ​ — ​ — ​ (6.3) ​ — ​ Impairment (charges) and reversals ​ — ​ ​ — ​ 75.5 ​ (7.5) ​ — ​ 68.0 ​ Depletion ​ (42.7) ​ (196.2) ​ (57.9) ​ (0.6) ​ — ​ (297.4) ​ Impact of foreign exchange ​ (7.5) ​ — ​ 1.4 ​ 0.2 ​ (0.5) ​ (6.4) ​ Balance at December 31, 2021 ​ $ 903.0 ​ $ 2,623.0 ​ $ 1,258.3 ​ $ 308.8 ​ $ 56.2 ​ $ 5,149.3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions ​ $ 6.3 ​ $ — ​ $ 3.6 ​ $ — ​ $ 1.1 ​ $ 11.0 ​ Depletion ​ (20.2) ​ (90.5) ​ (32.3) ​ (0.2) ​ — ​ (143.2) ​ Impact of foreign exchange ​ (10.7) ​ — ​ (5.6) ​ (1.8) ​ (0.8) ​ (18.9) ​ Balance at June 30, 2022 ​ $ 878.4 ​ $ 2,532.5 ​ $ 1,224.0 ​ $ 306.8 ​ $ 56.5 ​ $ 4,998.2 ​ ​ ​ Of the total net book value as at June 30, 2022, $4,119.6 million (December 31, 2021 - $4,107.5 million) is depletable and $878.6 million (December 31, 2021 - $1,041.8 million) is non-depletable.

Other assets

Other assets	6 Months Ended
	Jun. 30, 2022
Other assets
Other assets	​ ​ Note 8 - Other assets Other assets comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ ​ 2022 2021 Deposits related to Canada Revenue Agency ("CRA") audits ​ ​ $ 42.3 ​ ​ $ 15.6 ​ Energy well equipment, net ​ ​ ​ 5.5 ​ ​ ​ 5.4 ​ Right-of-use assets, net ​ ​ 1.2 ​ ​ 1.5 ​ Debt issue costs ​ ​ ​ 0.7 ​ ​ ​ 1.2 ​ Furniture and fixtures, net ​ ​ 0.1 ​ ​ 0.2 ​ ​ ​ ​ $ 49.8 ​ ​ $ 23.9 ​ ​ Deposits related to CRA audits represent security paid in cash by the Company in connection with an audit by the CRA of its 2012-2017 taxation years, as referenced in Note 21.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt
Debt	Note 9 - Debt Changes in obligations related to the Company’s credit facilities were as follows: ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ revolver Size of facility ​ $ 1,000.0 Balance at January 1, 2021 ​ $ — Drawdowns ​ ​ 150.0 Repayment ​ ​ (150.0) Balance at December 31, 2021 ​ $ — ​ ​ ​ ​ Drawdowns ​ $ — Repayment ​ ​ — Balance at June 30, 2022 ​ $ — ​ (a) Corporate Revolver The Company has a $1.0 billion unsecured revolving term credit facility (the “Corporate Revolver”). The Corporate Revolver has a maturity date of July 9, 2025. Advances under the Corporate Revolver bear interest depending on the currency of the advance and the Company’s leverage ratio, and the Corporate Revolver is subject to standby fees even if no amounts are outstanding. The Company has two standby letters of credit in the amount of $17.9 million (C $23.1 million) against the Corporate Revolver in relation to the audit by the CRA of its 2013-2015 taxation years, as referenced in Note 21. (b) FNBC Revolver The Company’s subsidiary, FNBC, had a $100.0 million unsecured revolving term credit facility (the “FNBC Revolver”). The FNBC Revolver had a maturity date of March 20, 2022. As the Company did not renew the FNBC Revolver, the facility expired and is no longer available to draw on. ​

Revenue

Revenue	6 Months Ended
	Jun. 30, 2022
Revenue.
Revenue	Note 10 - Revenue Revenue classified by commodity, geography and type comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 2022 2021 Commodity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gold (1) ​ $ 190.7 ​ ​ $ 194.9 ​ ​ $ 378.2 ​ ​ $ 384.9 ​ Silver ​ 35.8 ​ ​ ​ 45.0 ​ ​ 76.9 ​ ​ ​ 92.7 ​ Platinum group metals (1) ​ 17.3 ​ ​ ​ 22.0 ​ ​ 31.5 ​ ​ ​ 41.5 ​ Iron ore (2) ​ ​ 14.6 ​ ​ ​ 36.9 ​ ​ ​ 33.9 ​ ​ ​ 41.9 ​ Other mining assets (3) ​ ​ 2.4 ​ ​ ​ 1.0 ​ ​ ​ 3.5 ​ ​ ​ 2.6 ​ Mining ​ $ 260.8 ​ ​ $ 299.8 ​ ​ $ 524.0 ​ ​ $ 563.6 ​ Oil ​ $ 46.2 ​ ​ $ 25.3 ​ ​ $ 85.2 ​ ​ $ 51.2 ​ Gas ​ ​ 37.9 ​ ​ ​ 17.9 ​ ​ ​ 67.4 ​ ​ ​ 32.3 ​ Natural gas liquids ​ ​ 7.4 ​ ​ ​ 4.1 ​ ​ ​ 14.5 ​ ​ ​ 8.9 ​ Energy ​ $ 91.5 ​ ​ $ 47.3 ​ ​ $ 167.1 ​ ​ $ 92.4 ​ ​ ​ $ 352.3 ​ ​ $ 347.1 ​ ​ $ 691.1 ​ ​ $ 656.0 ​ Geography ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ South America (3) ​ $ 89.2 ​ ​ $ 116.0 ​ ​ $ 191.4 ​ ​ $ 204.9 ​ Central America & Mexico ​ ​ 84.5 ​ ​ ​ 89.9 ​ ​ ​ 163.7 ​ ​ ​ 158.1 ​ United States ​ 88.5 ​ ​ ​ 66.3 ​ ​ 161.6 ​ ​ ​ 132.6 ​ Canada (1)(2) ​ 60.7 ​ ​ ​ 46.3 ​ ​ 112.4 ​ ​ ​ 102.0 ​ Rest of World ​ 29.4 ​ ​ ​ 28.6 ​ ​ 62.0 ​ ​ ​ 58.4 ​ ​ ​ $ 352.3 ​ ​ $ 347.1 ​ ​ $ 691.1 ​ ​ $ 656.0 ​ Type ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue-based royalties ​ $ 130.9 ​ ​ $ 111.4 ​ ​ $ 252.2 ​ ​ $ 205.5 ​ Streams (1) ​ 181.3 ​ ​ 199.5 ​ ​ 365.5 ​ ​ 376.4 ​ Profit-based royalties ​ 27.6 ​ ​ 22.2 ​ ​ 52.4 ​ ​ 50.9 ​ Other (2)(3) ​ 12.5 ​ ​ 14.0 ​ ​ 21.0 ​ ​ 23.2 ​ ​ ​ $ 352.3 ​ ​ $ 347.1 ​ ​ $ 691.1 ​ ​ $ 656.0 ​ 1. For Q2 2022, revenue includes a loss of $0.3 million and loss of $0.2 million of provisional pricing adjustments for gold and platinum-group metals, respectively (Q2 2021 – losses of $0.1 million and $0.1 million, respectively). For H1 2022, includes a loss of $0.4 million and gain of $0.4 million of provisional pricing adjustments for gold and platinum group metals, respectively (H1 2021 – a loss of $0.3 million and a gain of $0.5 million, respectively) 2. For Q2 2022 and H1 2022, revenue includes dividend income of $4.5 million and $7.0 million, respectively, from the Company’s equity investment in LIORC (Q2 2021 and H1 2021 – $8.9 million and $13.9 million, respectively). 3. For Q2 2022 and H1 2022, revenue includes dividend income of $1.2 million from the Company’s equity investment in SLM California (Q2 2021 and H1 2021 – nil ) .

Costs of sales

Costs of sales	6 Months Ended
	Jun. 30, 2022
Costs of sales
Costs of sales	Note 11 - Costs of sales Costs of sales, excluding depletion and depreciation, comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 ​ 2021 2022 2021 Costs of stream sales ​ $ 41.3 ​ ​ $ 44.2 ​ ​ $ 81.3 ​ ​ $ 81.3 ​ Mineral production taxes ​ 0.4 ​ ​ 0.5 ​ ​ 0.9 ​ ​ 1.1 ​ Mining costs of sales ​ $ 41.7 ​ ​ $ 44.7 ​ ​ $ 82.2 ​ ​ $ 82.4 ​ Energy costs of sales ​ 3.8 ​ ​ 2.6 ​ ​ 6.9 ​ ​ 5.5 ​ ​ ​ $ 45.5 ​ ​ $ 47.3 ​ ​ $ 89.1 ​ ​ $ 87.9 ​ ​

Share-based compensation expens

Share-based compensation expense	6 Months Ended
	Jun. 30, 2022
Share-based compensation expense
Share-based compensation expense	​ ​ Note 12 - Share-based compensation expense Share-based compensation expenses comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 2022 2021 Stock options and restricted share units ​ $ 1.4 ​ $ 1.6 ​ ​ $ 3.0 ​ ​ $ 3.0 ​ Deferred share units ​ (1.4) ​ 3.4 ​ ​ 1.3 ​ ​ 4.0 ​ ​ ​ $ — ​ $ 5.0 ​ ​ $ 4.3 ​ ​ $ 7.0 ​ ​ Share-based compensation expenses include the amortization expense of equity-settled stock options and restricted share units (“RSUs”), as well as the gain or loss on the mark-to-market of the value of the deferred share units granted to the directors of the Company.

Related party disclosures

Related party disclosures	6 Months Ended
	Jun. 30, 2022
Related party disclosures
Related party disclosures	Note 13 - Related party disclosures Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Company. Key management personnel include the Board of Directors and the executive management team. Compensation for key management personnel of the Company was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 2022 2021 Short-term benefits (1) ​ $ 0.9 ​ $ 0.9 ​ ​ $ 1.9 ​ ​ $ 1.7 ​ Share-based payments (2) ​ 0.1 ​ 5.0 ​ ​ 3.5 ​ ​ 5.9 ​ ​ ​ $ 1.0 ​ $ 5.9 ​ ​ $ 5.4 ​ ​ $ 7.6 ​ 1. Includes salary, benefits and short-term accrued incentives/other bonuses earned in the period. 2. Represents the expense of stock options and restricted share units and mark-to-market charges on deferred share units during the period.

Finance income and expenses

Finance income and expenses	6 Months Ended
	Jun. 30, 2022
Finance income and expenses
Finance income and expenses	Note 14 - Finance income and expenses Finance income and expenses for the periods ended June 30, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 ​ 2022 2021 ​ Finance income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ ​ $ 2.8 ​ ​ $ 1.7 ​ ​ $ 3.5 ​ ​ $ 2.4 ​ ​ ​ ​ $ 2.8 ​ ​ $ 1.7 ​ ​ $ 3.5 ​ ​ $ 2.4 ​ Finance expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Standby charges ​ ​ $ 0.5 ​ ​ $ 0.5 ​ ​ $ 1.1 ​ ​ $ 1.1 ​ Amortization of debt issue costs ​ ​ 0.3 ​ ​ 0.3 ​ ​ 0.6 ​ ​ 0.5 ​ Interest ​ ​ ​ — ​ ​ 0.2 ​ ​ — ​ ​ ​ 0.2 ​ Accretion of lease liabilities ​ ​ — ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ ​ ​ $ 0.8 ​ ​ $ 1.1 ​ ​ $ 1.7 ​ ​ $ 1.9 ​ ​

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2022
Income taxes
Income taxes	​ ​ Note 15 - Income taxes Income tax expense for the periods ended June 30, 2022 and 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ 2022 ​ 2021 2022 2021 Current income tax expense ​ $ 30.5 ​ $ 15.2 ​ ​ $ 59.5 ​ ​ $ 37.3 ​ Deferred income tax expense ​ 6.2 ​ ​ 14.2 ​ ​ ​ 13.2 ​ ​ ​ 11.9 ​ Income tax expense ​ $ 36.7 ​ $ 29.4 ​ ​ $ 72.7 ​ ​ $ 49.2 ​ ​ The Company is undergoing an audit by the CRA of its 2012-2017 taxation years, as referenced in Note 21 .

Shareholders' equity

Shareholders' equity	6 Months Ended
	Jun. 30, 2022
Shareholders' equity
Shareholders' equity	Note 16 - Shareholders' equity (a) Share capital The Company’s authorized capital stock includes an unlimited number of common shares (191,556,373 common shares issued and outstanding as at June 30, 2022) having no par value and preferred shares issuable in series (issued - nil). Changes in share capital in for the periods ended June 30, 2022 and December 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number ​ ​ ​ ​ ​ of shares Amount Balance at January 1, 2021 ​ 190,956,476 ​ $ 5,580.1 ​ Exercise of stock options ​ ​ 5,614 ​ ​ 0.5 ​ Vesting of restricted share units ​ ​ 58,457 ​ ​ 6.1 ​ Dividend reinvestment plan ​ ​ 313,845 ​ ​ 41.8 ​ Balance at December 31, 2021 ​ ​ 191,334,392 ​ $ 5,628.5 ​ Exercise of stock options ​ ​ 71,741 ​ $ 6.7 ​ Dividend reinvestment plan ​ ​ 150,240 ​ ​ 21.8 ​ Balance at June 30, 2022 ​ ​ 191,556,373 ​ $ 5,657.0 ​ ​ (b) Dividends In Q2 2022 and H1 2022, the Company declared dividends of $0.32 and $0.64 per common share, respectively (Q2 2021 and H1 2021 - $0.30 and $0.56 per common share, respectively). Dividends paid in cash and through the Company’s Dividend Reinvestment Plan (“DRIP”) were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ 2022 2021 2022 2021 Cash dividends ​ $ 51.3 ​ $ 45.2 ​ ​ $ 101.4 ​ ​ $ 87.0 ​ DRIP dividends ​ 9.7 ​ 11.4 ​ ​ 21.8 ​ ​ 19.5 ​ ​ ​ $ 61.0 ​ $ 56.6 ​ ​ $ 123.2 ​ ​ $ 106.5 ​ ​

Earnings per share (EPS)

Earnings per share (EPS)	6 Months Ended
	Jun. 30, 2022
Earnings per share ("EPS")
Earnings per share ("EPS")	​ ​ Note 17 - Earnings per share ("EPS") ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ ​ 2022 ​ 2021 ​ ​ ​ Shares ​ Per Share ​ ​ Shares ​ Per Share ​ ​ ​ Net income ​ (in millions) ​ ​ Amount ​ Net income ​ (in millions) ​ ​ Amount Basic earnings per share ​ ​ $ 196.5 191.5 ​ ​ $ 1.03 ​ ​ $ 175.3 191.0 ​ ​ $ 0.92 ​ Effect of dilutive securities ​ ​ — 0.4 ​ ​ (0.01) ​ ​ — 0.4 ​ ​ — ​ Diluted earnings per share ​ ​ $ 196.5 191.9 ​ ​ $ 1.02 ​ ​ $ 175.3 191.4 ​ ​ $ 0.92 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2022 ​ 2021 ​ ​ ​ Shares ​ Per Share ​ ​ Shares ​ Per Share ​ ​ ​ Net income ​ (in millions) ​ ​ Amount ​ Net income ​ (in millions) ​ ​ Amount Basic earnings per share ​ ​ $ 378.5 191.4 ​ ​ $ 1.98 ​ ​ $ 346.8 191.0 ​ ​ $ 1.82 ​ Effect of dilutive securities ​ ​ — 0.4 ​ ​ (0.01) ​ ​ — 0.3 ​ ​ (0.01) ​ Diluted earnings per share ​ ​ $ 378.5 191.8 ​ ​ $ 1.97 ​ ​ $ 346.8 191.3 ​ ​ $ 1.81 ​ ​ For the three and six months ended June 30, 2022, there were 109,948 stock options (Q2 2021 – 61,594 stock options) excluded from the computation of diluted EPS due to being anti-dilutive. RSUs totaling 66,794 (Q2 2021 - 66,996 RSUs) were excluded from the computation of diluted EPS due to the performance criteria for the vesting of the RSUs not being measurable as at June 30, 2022.

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 2022
Segment reporting
Segment reporting	Note 18 - Segment reporting The chief operating decision-maker organizes and manages the business under two operating segments, consisting of royalty, stream and working interests in each of the mining and energy sectors. The Company’s reportable segments for purposes of assessing performance are presented as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ ​ ​ 2022 ​ 2021 ​ ​ ​ Mining ​ Energy ​ Total ​ ​ Mining ​ Energy ​ Total ​ Revenue ​ $ 260.8 ​ $ 91.5 ​ $ 352.3 ​ ​ $ 299.8 ​ $ 47.3 ​ $ 347.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Costs of sales ​ $ 41.7 ​ $ 3.8 ​ $ 45.5 ​ ​ $ 44.7 ​ $ 2.6 ​ $ 47.3 ​ Depletion and depreciation ​ ​ 53.7 ​ ​ 15.3 ​ ​ 69.0 ​ ​ ​ 61.1 ​ ​ 15.5 ​ ​ 76.6 ​ Segment gross profit ​ $ 165.4 ​ $ 72.4 ​ $ 237.8 ​ ​ $ 194.0 ​ $ 29.2 ​ $ 223.2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ ​ 2022 ​ 2021 ​ ​ Mining Energy Total ​ Mining Energy Total Revenue ​ $ 524.0 ​ $ 167.1 ​ $ 691.1 ​ ​ $ 563.6 ​ $ 92.4 ​ $ 656.0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Costs of sales ​ $ 82.2 ​ $ 6.9 ​ $ 89.1 ​ ​ $ 82.4 ​ $ 5.5 ​ $ 87.9 ​ Depletion and depreciation ​ ​ 110.9 ​ ​ 32.3 ​ ​ 143.2 ​ ​ ​ 120.3 ​ ​ 27.0 ​ ​ 147.3 ​ Segment gross profit ​ $ 330.9 ​ $ 127.9 ​ $ 458.8 ​ ​ $ 360.9 ​ $ 59.9 ​ $ 420.8 ​ ​ ​ A reconciliation of total segment gross profit to consolidated net income before income taxes is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ ​ ​ June 30, ​ ​ June 30, ​ ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 ​ Total segment gross profit ​ $ 237.8 ​ ​ $ 223.2 ​ ​ $ 458.8 ​ ​ $ 420.8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other operating (income)/expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ General and administrative expenses ​ $ 5.8 ​ ​ $ 5.4 ​ ​ $ 11.4 ​ ​ $ 9.6 ​ ​ Share-based compensation expense ​ ​ - ​ ​ ​ 5.0 ​ ​ ​ 4.3 ​ ​ ​ 7.0 ​ ​ Impairment and charges ​ ​ - ​ ​ ​ 7.5 ​ ​ ​ - ​ ​ ​ 7.5 ​ ​ Gain on sale of gold bullion ​ ​ (0.2) ​ ​ ​ (0.6) ​ ​ ​ (1.5) ​ ​ ​ (1.2) ​ ​ Depreciation ​ ​ 0.6 ​ ​ ​ 0.6 ​ ​ ​ 1.0 ​ ​ ​ 1.1 ​ ​ Foreign exchange loss (gain) and other expenses (income) ​ ​ 0.4 ​ ​ ​ 1.2 ​ ​ ​ (5.8) ​ ​ ​ 1.3 ​ ​ Income before finance items and income taxes ​ $ 231.2 ​ ​ $ 204.1 ​ ​ $ 449.4 ​ ​ $ 395.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance items ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance income ​ $ 2.8 ​ ​ $ 1.7 ​ ​ $ 3.5 ​ ​ $ 2.4 ​ ​ Finance expenses ​ ​ (0.8) ​ ​ ​ (1.1) ​ ​ ​ (1.7) ​ ​ ​ (1.9) ​ ​ Net income before income taxes ​ $ 233.2 ​ ​ $ 204.7 ​ ​ $ 451.2 ​ ​ $ 396.0 ​ ​ ​

Fair value measurements

Fair value measurements	6 Months Ended
	Jun. 30, 2022
Fair value measurements
Fair value measurements	Note 19 - Fair value measurements Fair value is a market-based measurement, not an entity-specific measurement. For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. However, the objective of a fair value measurement in both cases is the same - to estimate the price at which an orderly transaction to sell the asset or to transfer the liability would take place between market participants at the measurement date under current market conditions (i.e. an exit price at the measurement date from the perspective of a market participant that holds the asset or owes the liability). The fair value hierarchy establishes three levels to classify the inputs to valuation techniques used to measure fair value. ● Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. ​ ● Level 2 inputs are quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices observable for the asset or liability (for example, interest rate and yield curves observable at commonly quoted intervals, forward pricing curves used to value currency and commodity contracts and volatility measurements used to value option contracts), or inputs that are derived principally from or corroborated by observable market data or other means. ​ ● Level 3 inputs are unobservable (supported by little or no market activity). ​ The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. There were no transfers between the levels of the fair value hierarchy during the three and six months ended June 30, 2022. ​ Assets and Liabilities Measured at Fair Value on a Recurring Basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted prices in Significant other Significant ​ ​ ​ active markets for ​ observable ​ unobservable ​ ​ ​ ​ ​ identical assets ​ inputs ​ inputs ​ ​ Aggregate As at June 30, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ fair value Receivables from provisional concentrate sales ​ $ — ​ $ 7.4 ​ $ — ​ ​ $ 7.4 ​ Equity investments ​ 169.2 ​ — ​ 41.4 ​ ​ 210.6 ​ Warrants ​ — ​ 2.6 ​ — ​ ​ 2.6 ​ ​ ​ $ 169.2 ​ $ 10.0 ​ $ 41.4 ​ ​ $ 220.6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted prices in Significant other Significant ​ ​ ​ active markets for ​ observable ​ unobservable ​ ​ ​ ​ ​ identical assets ​ inputs ​ inputs ​ ​ Aggregate As at December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ fair value Receivables from provisional concentrate sales ​ $ — ​ $ 4.8 ​ $ — ​ ​ $ 4.8 ​ Equity investments ​ 231.0 ​ — ​ 4.1 ​ ​ 235.1 ​ Warrants ​ — ​ 0.8 ​ — ​ ​ 0.8 ​ ​ ​ $ 231.0 ​ $ 5.6 ​ $ 4.1 ​ ​ $ 240.7 ​ ​ The fair values of the Company’s remaining financial assets and liabilities, which include cash and cash equivalents, receivables, loan receivables, accounts payable and accrued liabilities, and debt approximate their carrying values due to their short-term nature, historically negligible credit losses, fair value of collateral, or floating interest rate. The Company has not offset financial assets with financial liabilities. The valuation techniques that are used to measure fair value are as follows: (a) Receivables The fair values of receivables arising from gold and platinum group metal concentrate sales contracts that contain provisional pricing mechanisms are determined using the appropriate quoted forward prices from the exchange that is the principal active market for the particular metal. As such, these receivables are classified within Level 2 of the fair value hierarchy. (b) Investments The fair values of publicly-traded investments are determined based on a market approach reflecting the closing prices of each particular security at the statement of financial position date. The closing prices are quoted market prices obtained from the exchange that is the principal active market for the particular security, and therefore are classified within Level 1 of the fair value hierarchy. The Company holds two equity investment that do not have a quoted market price in an active market. The Company has assessed the fair value of the instruments based on a valuation technique using unobservable discounted future cash flows. As a result, the fair value is classified within Level 3 of the fair value hierarchy. The fair values of warrants are estimated using the Black-Scholes pricing model which requires the use of inputs that are observable in the market. As such, these investments are classified within Level 2 of the fair value hierarchy.

Commitments

Commitments	6 Months Ended
	Jun. 30, 2022
Commitments
Commitments	Note 20 - Commitments (a) Commodity purchase commitments The following table summarizes the Company’s commitments pursuant to the associated precious metals agreements as at June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Attributable payable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ production to be purchased ​ Per ounce cash payment (1),(2) ​ Term of ​ Date of Interest Gold Silver PGM Gold Silver PGM agreement (3) contract Antamina 0 % 22.5 % (4) 0 % ​ n/a ​ ​ 5 % (5) ​ n/a 40 years ​ 7-Oct-15 ​ Antapaccay — % (6) — % (7) 0 % 20 % (8) ​ 20 % (9) ​ n/a 40 years ​ 10-Feb-16 ​ Candelaria 68 % (10) 68 % (10) 0 % $ 400 ​ $ 4.00 ​ ​ n/a 40 years ​ 6-Oct-14 ​ Cobre Panama Fixed Payment Stream — % (11) — % (12) 0 % $ 418 (13) $ 6.27 (14) ​ n/a 40 years ​ 19-Jan-18 ​ Cobre Panama Floating Payment Stream ​ — % (15) — % (16) 0 % ​ 20 % (17) ​ 20 % (18) ​ n/a 40 years ​ 19-Jan-18 ​ Condestable ​ — % (19) — % (20) 0 % ​ 20 % (21) ​ 20 % (22) ​ n/a 40 years ​ 8-Mar-21 ​ Karma 4.875 % (23) 0 % 0 % 20 % (24) ​ n/a ​ ​ n/a 40 years ​ 11-Aug-14 ​ Guadalupe-Palmarejo 50 % 0 % 0 % $ 800 ​ ​ n/a ​ ​ n/a 40 years ​ 2-Oct-14 ​ Sabodala — % (25) 0 % 0 % 20 % (26) ​ n/a ​ ​ n/a 40 years ​ 25-Sep-20 ​ MWS 25 % 0 % 0 % $ 400 ​ ​ n/a ​ ​ n/a 40 years (27) 2-Mar-12 ​ Cooke 4 7 % 0 % 0 % $ 400 ​ ​ n/a ​ ​ n/a 40 years ​ 5-Nov-09 ​ Sudbury (28) 50 % 0 % 50 % $ 400 ​ ​ n/a ​ $ 400 40 years ​ 15-Jul-08 ​ ​ 1 Subject to an annual inflationary adjustment except for Antamina, Antapaccay, Karma, Guadalupe-Palmarejo, and Sabodala. 2 Should the prevailing market price for gold be lower than this amount, the per ounce cash payment will be reduced to the prevailing market price. 3 Subject to successive extensions. 4 Subject to a fixed payability of 90% . Percentage decreases to 15% after 86 million ounces of silver has been delivered under the agreement. 5 Purchase price is 5% of the average silver price at the time of delivery. 6 Gold deliveries are referenced to copper in concentrate shipped with 300 ounces of gold delivered for each 1,000 tonnes of copper in concentrate shipped, until 630,000 ounces of gold has been delivered. Thereafter, percentage is 30% of gold shipped. 7 Silver deliveries are referenced to copper in concentrate shipped with 4,700 ounces of silver delivered for each 1,000 tonnes of copper in concentrate shipped, until 10.0 million ounces of silver has been delivered. Thereafter, percentage is 30% of silver shipped. 8 Purchase price is 20% of the spot price of gold until 750,000 ounces of gold have been delivered, thereafter the purchase price is 30% of the spot price of gold. 9 Purchase price is 20% of the spot price of silver until 12.8 million ounces of silver have been delivered, thereafter the purchase price is 30% of the spot price of silver. 10 Percentage decreases to 40% after 720,000 ounces of gold and 12.0 million ounces of silver have been delivered under the agreement. 11 Gold deliveries are indexed to copper in concentrate produced from the project. 120 ounces of gold per every 1 million pounds of copper produced until 808,000 ounces of gold delivered. Thereafter, 81 ounces of gold per 1 million pounds of copper produced until 1,716,188 ounces of gold delivered. Thereafter, 63.4% of the gold in concentrate. 12 Silver deliveries are indexed to copper in concentrate produced from the project. 1,376 ounces of silver per every 1 million pounds of copper produced until 9,842,000 ounces of silver delivered. Thereafter 1,776 ounces of silver per 1 million pounds of copper produced until 29,731,000 ounces of silver delivered. Thereafter, 62.1% of the silver in concentrate. 13 After 1,341,000 ounces of gold delivered, purchase price is the greater of 50% of spot and $418.27 per ounce. As the mill throughput for 30 consecutive days commensurate with annual capacity of 58 million tonnes per annum was not reached by January 1, 2019, Franco-Nevada will receive a 5% annual rate of return until such mill throughput was achieved, through a reduction of the applicable fixed gold price of $100 per ounce or a delivery of additional ounces for no consideration. 14 After 21,510,000 ounces of silver delivered, purchase price is the greater of 50% of spot and $6.27 per ounce. 15 Gold deliveries are indexed to copper in concentrate produced from the project. 30 ounces of gold per every 1 million pounds of copper produced until 202,000 ounces of gold delivered. Thereafter 20.25 ounces of gold per 1 million pounds of copper produced until 429,047 ounces of gold delivered. Thereafter, 15.85% of the gold in concentrate. 16 Silver deliveries are indexed to copper in concentrate produced from the project. 344 ounces of silver per every 1 million pounds of copper produced until 2,460,500 ounces of silver delivered. Thereafter, 444 ounces of silver per 1 million pounds of copper produced until 7,432,750 ounces of silver delivered. Thereafter 15.53% of the silver in concentrate. 17 After 604,000 ounces of gold delivered, purchase price is 50% of the spot price of gold. As the mill throughput for 30 consecutive days commensurate with annual capacity of 58 million tonnes per annum was not reached by January 1, 2019, Franco-Nevada will receive a 5% annual rate of return until such mill throughput was achieved, through a reduction of the applicable fixed gold price of $100 per ounce or a delivery of additional ounces for no consideration. 18 After 9,618,000 ounces of silver delivered, purchase price is 50% of the spot price of silver. 19 Gold deliveries are fixed at 8,760 ounces per annum from January 1, 2021 to December 31, 2025. Thereafter, 63% of the gold in concentrate until a cumulative total of 87,600 ounces of gold delivered. Thereafter, 25% of the gold in concentrate. 20 Silver deliveries are fixed at 291,000 ounces per annum from January 1, 2021 to December 31, 2025. Thereafter, 63% of the silver in concentrate until a cumulative total of 2,910,000 ounces of silver delivered. Thereafter, 25% of the silver in concentrate. 21 Purchase price is 20% of the spot price of gold at the time of delivery. 22 Purchase price is 20% of the spot price of silver at the time of delivery. 23 Gold deliveries were fixed until February 28, 2021. Percentage is now 4.875% of gold production. 24 Purchase price is 20% of the average gold price at the time of delivery. 25 Based on amended agreement with an effective date of September 1, 2020, gold deliveries are fixed at 783.33 ounces per month until 105,750 ounces of gold is delivered. Thereafter, percentage is 6% of gold production (subject to reconciliation after fixed delivery period to determine if Franco-Nevada would have received more or less than 105,750 ounces of gold under the original 6% variable stream for such period, entitling the operator to a credit for an over-delivery applied against future stream deliveries or a one-time additional delivery to Franco-Nevada for an under-delivery). ​ 26 Purchase price is 20% of prevailing market price at the time of delivery. 27 Agreement is capped at 312,500 ounces of gold. 28 The Company is committed to purchase 50% of the precious metals contained in ore from the properties. Payment is based on gold equivalent ounces. For McCreedy West, effective June 1, 2021, purchase price per gold equivalent ounce is determined based on the monthly average gold spot price: (i) when the gold spot price is less than $800 per ounce, the purchase price is the prevailing monthly average gold spot price; (ii) when the gold spot price is greater than $800 per ounce but less than $1,333 per ounce, the purchase price is $800 per ounce; (iii) when the gold spot price is greater than $1,333 per ounce but less than $2,000 per ounce, the purchase price is 60% of the prevailing monthly average gold spot price; and (iv) when the gold spot price is greater than $2,000 , the purchase price is $1,200 per ounce. ​ (b) Capital commitments The Company is committed to funding its share of the acquisition of mineral rights acquired through the Royalty Acquisition Venture with Continental as described in Note 3 (e). The Company also has commitments of $12.5 million for contingent payments in relation to its Rosemont/Copper World 0.585% NSR acquired in November 2021, and $8.0 million for contingent payments in relation to its Rio Baker (Salares Norte) royalty. Subsequent to Q2 2022, as of July 18, 2022, the Company is committed to funding its acquisition of the Stream and its obligations under the Term Loan in relation to the Tocantinzinho project as described in Note 3 (a).

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2022
Contingencies
Contingencies	Note 21 - Contingencies Canada Revenue Agency Audit The CRA is conducting an audit of Franco-Nevada for the 2012-2017 taxation years. During the quarter, the Company received a Notice of Reassessment for the 2017 taxation year in relation to the Canadian Domestic Tax matters, as further detailed below in Note 21 (a). The Company has filed a formal Notice of Objection against the reassessment and has posted security in the form of cash for 50% of the reassessed amounts. Management believes that the Company and its subsidiaries have filed all tax returns and paid all applicable taxes in compliance with Canadian and applicable foreign tax laws and, as a result, no liabilities have been recorded in the financial statements of the Company for the Reassessments (as defined below), or for any potential tax exposure that may arise in respect of these matters. The Company does not believe that the Reassessments are supported by Canadian tax law and jurisprudence and intends to vigorously defend its tax filing positions. ​ The following table provides a summary of the various CRA audit and reassessment matters further detailed below: ​ ​ ​ CRA Position Taxation Years Reassessed Potential Exposure for Tax, Interest and Penalties (in millions) Canadian Domestic Tax Matters ​ Upfront payment made in connection with precious metal stream agreements should be deducted for income tax purposes in a similar manner to how such amount is expensed for financial statement purposes. 2014, 2015, 2016, 2017 For 2014-2017: Tax: $15.5 (C $19.9 ) Interest and other penalties: $4.4 (C $5.6 ) ​ If CRA were to reassess the 2018-2021 taxation years on the same basis: Tax: $34.3 (C $44.2 ) Interest and other penalties: $3.4 (C $4.3 ) ​ Transfer Pricing (Mexico) ​ Transfer pricing provisions in the Act (as defined below) apply such that a majority of the income earned by the Company’s Mexican subsidiary should be included in the income of the Company and subject to tax in Canada. ​ 2013, 2014, 2015, 2016 For 2013-2016: Tax: $23.3 (C $29.9 ) Transfer pricing penalties: $8.0 (C $10.3 ) for 2013-2015; $1.3 (C $1.7 ) for 2016 under review Interest and other penalties: $11.0 (C $14.2 ) ​ The amounts set forth above do not include any potential relief under the Canada-Mexico tax treaty. ​ The Company’s Mexican subsidiary ceased operations after 2016 and no reassessments for this issue are expected for subsequent years. ​ Transfer Pricing (Barbados) ​ Transfer pricing provisions in the Act (as defined below) apply such that a majority of the income relating to certain precious metal streams earned by the Company’s Barbadian subsidiary should be included in the income of the Company and subject to tax in Canada. ​ 2014, 2015, 2016, 2017 For 2014-2017: Tax: $36.1 (C $46.5 ) Transfer pricing penalties: $1.9 (C $2.5 ) for 2014-2015; $11.7 (C $15.1 ) for 2016-2017 under review Interest and other penalties: $11.7 (C $15.0 ) ​ If CRA were to reassess the 2018-2021 taxation years on the same basis: Tax: $166.6 (C $214.7 ) Transfer pricing penalties: $62.9 (C $81.0 ) Interest and other penalties: $16.4 (C $21.1 ) ​ FAPI (Barbados) ​ The FAPI provisions in the Act (as defined below) apply such that a majority of the income relating to precious metal streams earned by the Company’s Barbadian subsidiary, in 2012 and 2013, should be included in the income of the Company and subject to tax in Canada. ​ 2012, 2013 For 2012-2013: Tax: $5.9 (C $7.7 ) Interest and other penalties: $3.1 (C $4.0 ) ​ Based on CRA’s proposal letter, no reassessments for this issue for years after 2013 are expected. ​ (a) Canadian Domestic Tax Matters (2014-2017) In October 2019, certain wholly-owned Canadian subsidiaries of the Company received Notices of Reassessment for the 2014 and 2015 taxation years (the “2014 and 2015 Domestic Reassessments”) in which the CRA increased income by adjusting the timing of the deduction of the upfront payments which were made in connection with precious metal stream agreements. The CRA’s position is that the upfront payment should be deducted for income tax purposes in a similar manner to how such upfront payment is expensed for financial statement purposes. Consequently, the CRA’s position results in a slower deduction of the upfront payment and an acceleration of the payment of Canadian taxes. This results in the Company being subject to an incremental payment of Federal and provincial income taxes for these years of $1.1 million (C $1.4 million) (after applying available non-capital losses and other deductions) plus estimated interest (calculated to June 30, 2022) and other penalties of $0.2 million (C $0.2 million). The Company has filed formal Notices of Objection with the CRA against the 2014 and 2015 Domestic Reassessments, posted security in cash for 50% of the reassessed amounts, as referenced in Note 8, and has commenced an appeal in the Tax Court of Canada with respect to these reassessments. On September 14, 2021, the Company received a Notice of Reassessment for the 2016 taxation year (the “2016 Domestic Reassessment”) on the same basis as the 2014 and 2015 Domestic Reassessments, resulting in an incremental payment of Federal and provincial income taxes of $7.8 million (C$10.0 million) (after applying available non-capital losses and other deductions) plus interest (calculated to June 30, 2022) and applicable penalties of $2.3 million (C$2.9 million). The Company has filed a formal Notice of Objection with the CRA against the 2016 Domestic Reassessment and has posted security in cash for 50% of the reassessed amounts, as referenced in Note 8. On April 1, 2022, the Company received a Notice of Reassessment for the 2017 taxation year (the “2017 Domestic Reassessment” and, collectively with the 2016 Domestic Reassessment and the 2014 and 2015 Domestic Reassessments, the “Domestic Reassessments”) on the same basis as the 2014 and 2015 Domestic Reassessments, resulting in an incremental payment of Federal and provincial income taxes of $6.6 million (C $8.5 million) (after applying available non-capital losses and other deductions) plus interest (calculated to June 30, 2022) and applicable penalties of $1.9 million (C $2.5 million). The Company has filed a formal Notice of Objection with the CRA against the 2017 Domestic Reassessment and has posted security in cash for 50% of the reassessed amounts, as referenced in Note 8. If the CRA were to reassess the particular Canadian subsidiaries for taxation years 2018 through 2021 on the same basis, the Company estimates that it would be subject to an incremental payment of Canadian tax (after applying available non-capital losses and other deductions) of approximately $34.3 million (C $44.2 million) plus interest (calculated to June 30, 2022) and other penalties of approximately $3.4 million (C $4.3 million). (b) Mexico (2013-2016) In December 2018 and December 2019, the Company received Notices of Reassessment from the CRA for the 2013 taxation year (the “2013 Reassessment”) and for the 2014 and 2015 taxation years (the “2014 and 2015 Reassessments”, collectively with the 2013 Reassessment, the “2013-2015 Reassessments”) in relation to its Mexican subsidiary. The reassessments were made on the basis of the transfer pricing provisions in the Income Tax Act In December 2020, the CRA issued revised 2013-2015 Reassessments to include transfer pricing penalties of $8.0 million (C$10.3 million). The Company has filed formal Notices of Objection with the CRA against these revised reassessments and has posted security in the form of cash for of the reassessed amounts of penalties, as referenced in Note 8. The Company has commenced an appeal in the Tax Court of Canada with respect to the 2013-2015 Reassessments. On December 21, 2021, the Company received a Notice of Reassessment for the 2016 taxation year (the “2016 Reassessment”) on the same basis as the 2013-2015 Reassessments, resulting in additional Federal and provincial income taxes of $3.6 million (C$4.6 million) plus estimated interest (calculated to June 30, 2022) and other penalties of $1.2 million (C$1.5 million) but before any relief under the Canada-Mexico tax treaty. The Company’s Mexican subsidiary ceased operations after 2016 and no reassessments are expected for subsequent years. The 2016 Reassessment did not include transfer pricing penalties which are currently under review. If the CRA were to apply transfer pricing penalties, the Company estimates that the amount would be approximately For taxation years 2013 through 2016, the Company’s Mexican subsidiary paid a total of $34.1 million (490.3 million Pesos) in cash taxes, at a 30% tax rate, to the Mexican tax authorities on income earned in Mexico. If required, the Company intends to seek relief from double taxation under the Canada-Mexico tax treaty. ​ (c) Barbados (2014-2017) The 2014 and 2015 Reassessments also reassess the Company in relation to its Barbadian subsidiary. The reassessments were made on the basis of the transfer pricing provisions in the Act and assert that a majority of the income relating to certain precious metal streams earned by the Barbadian subsidiary should have been included in the income of the Company and subject to tax in Canada, resulting in additional Federal and provincial income taxes of $5.2 million (C$6.7 million) plus estimated interest (calculated to June 30, 2022) and other penalties of $2.4 million (C$3.1 million). As noted previously, the Company has filed formal Notices of Objection with the CRA against the 2014 and 2015 Reassessments and has posted security in the form of a standby letter of credit for 50% of the reassessed amounts, as referenced in Note 9 (a). As noted above, in December 2020, the CRA issued revised 2014 and 2015 Reassessments to include transfer pricing penalties of $1.9 million (C$2.5 million). The Company has filed formal Notices of Objection with the CRA against these revised reassessments and has posted security in the form of cash for On December 21, 2021, the Company received the 2016 Reassessment as well as a Notice of Reassessment for the 2017 taxation year (the “2017 Reassessment”, collectively with the 2016 Reassessment, the “2016 and 2017 Reassessments”) that reassess the Company in relation to its Barbadian subsidiary on the same basis as the 2014 and 2015 Reassessments, resulting in additional Federal and provincial income taxes of $30.9 million (C$39.8 million) plus estimated interest (calculated to June 30, 2022) and other penalties of $9.3 million (C$11.9 million). The 2016 and 2017 Reassessments did not include transfer pricing penalties which are currently under review. If the CRA were to apply transfer pricing penalties, the Company estimates that the amounts would be approximately If the CRA were to reassess the Company for taxation years 2018 through 2021 on the same basis and continue to apply transfer pricing penalties, the Company estimates that it would be subject to additional Canadian tax for these years of approximately $166.6 million (C$214.7 million), transfer pricing penalties of approximately $62.9 million (C$81.0 million) plus interest (calculated to June 30, 2022) and other penalties of approximately $16.4 million (C$21.1 million). (d) Barbados (2012-2013) In August 2020, the Company received Notices of Reassessment for the 2012 and 2013 taxation years (the “FAPI Reassessments” and, collectively with the Domestic Reassessments, the 2013 Reassessment, the 2014 and 2015 Reassessments, and the 2016 and 2017 Reassessments, the “Reassessments”) in relation to its Barbadian subsidiary. The FAPI Reassessments assert that a majority of the income relating to precious metal streams earned by the Barbadian subsidiary, in those years, should have been included in the income of its Canadian parent company and subject to tax in Canada as Foreign Accrual Property Income (“FAPI”). The CRA has noted that its position may not extend beyond the 2013 taxation year. The FAPI Reassessments result in additional Federal and provincial income taxes of $5.9 million (C$7.7 million) plus estimated interest (calculated to June 30, 2022) and other penalties of $3.1 million (C$4.0 million). The Company has filed formal Notices of Objection with the CRA against the FAPI Reassessments, has posted security in cash for 50% of the reassessed amounts, as referenced in Note 8, and has commenced an appeal in the Tax Court of Canada with respect to these reassessments. The CRA audit is ongoing and there can be no assurance that the CRA will not further challenge the manner in which the Company or any of its subsidiaries has filed its tax returns and reported its income. In the event that the CRA successfully challenges the manner in which the Company or a subsidiary has filed its tax returns and reported its income, this could potentially result in additional income taxes, penalties and interest, which could have a material adverse effect on the Company.

Significant accounting polici_2

Significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2022
Significant accounting policies
Basis of presentation	(a) Basis of presentation These unaudited condensed consolidated interim financial statements include the accounts of Franco-Nevada and its wholly-owned subsidiaries (its “subsidiaries”) (hereinafter together with Franco-Nevada, the “Company”). These condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) applicable to the preparation of condensed interim financial statements, including IAS 34 Interim Financial Reporting The financial information included herein reflects all adjustments, consisting only of normal recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the results for the interim periods presented. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the full year. Seasonality is not considered to have a significant impact over the condensed consolidated interim financial statements. Taxes on income in the interim period have been accrued using the tax rates that would be applicable to expected total annual income.
Significant judgments, estimates and assumptions	(b) Significant judgments, estimates and assumptions The preparation of consolidated financial statements in accordance with IFRS requires the Company to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The areas of judgment and estimation are consistent with those reported in the annual consolidated financial statements for the year ended December 31, 2021.
New and Amended Accounting Standards	(c) New and Amended Accounting Standards Certain new accounting standards and interpretations have been published that are currently effective requirements or forthcoming requirements. These standards are not expected to have a material impact on the Company’s current or future reporting periods.

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	6 Months Ended
	Jun. 30, 2022
Cash and cash equivalents
Schedule of cash and cash equivalents	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ 2022 2021 Cash deposits ​ ​ $ 541.2 ​ ​ $ 529.7 ​ Term deposits ​ ​ 369.4 ​ ​ 9.6 ​ ​ ​ ​ $ 910.6 ​ ​ $ 539.3 ​

Investments and loan receivab_2

Investments and loan receivable (Tables)	6 Months Ended
	Jun. 30, 2022
Investments and loan receivable
Schedule of investments and loan receivable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ 2022 2021 Loan receivable ​ ​ $ — ​ ​ $ 39.7 ​ ​ ​ ​ $ — ​ ​ $ 39.7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity investments ​ ​ $ 210.6 ​ ​ $ 235.1 ​ Warrants ​ ​ 2.6 ​ ​ 0.8 ​ ​ ​ ​ $ 213.2 ​ ​ $ 235.9 ​
Schedule of equity method investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ 2022 2021 Labrador Iron Ore Royalty Corporation ("LIORC") ​ ​ $ 139.3 ​ ​ $ 187.4 ​ SLM California ​ ​ ​ 37.4 ​ ​ ​ — ​ Other ​ ​ 33.9 ​ ​ 47.7 ​ ​ ​ ​ $ 210.6 ​ ​ $ 235.1 ​
Schedule of unrealized gains (losses) on available-for-sale investments recognized in other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the six months ended ​ ​ June 30, ​ June 30, ​ ​ 2022 2021 2022 2021 (Loss) gain on changes in the fair value of equity investments at FVTOCI ​ $ (88.4) ​ $ 53.5 ​ ​ $ (65.8) ​ ​ $ 74.9 ​ Income tax recovery (expense) in other comprehensive income ​ 11.6 ​ (6.8) ​ ​ 8.7 ​ ​ (9.6) ​ (Loss) gain on changes in the fair value of equity investments at FVTOCI, net of income tax ​ $ (76.8) ​ $ 46.7 ​ $ (57.1) ​ ​ $ 65.3 ​

Prepaid expenses and other cu_2

Prepaid expenses and other current assets (Tables)	6 Months Ended
	Jun. 30, 2022
Prepaid expenses and other current assets.
The schedule of prepaid expenses and other current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ ​ 2022 2021 Gold bullion ​ ​ $ 30.4 ​ ​ $ 32.4 ​ Prepaid expenses ​ ​ 16.2 ​ ​ 18.8 ​ Stream ounces inventory ​ ​ ​ 0.4 ​ ​ ​ 0.5 ​ Debt issue costs ​ ​ 0.9 ​ ​ 0.9 ​ ​ ​ ​ $ 47.9 ​ ​ $ 52.6 ​

Royalty, stream and working i_2

Royalty, stream and working interests (Tables)	6 Months Ended
	Jun. 30, 2022
Royalty, stream and working interests
Disclosure of detailed information about royalty, stream and working interest, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impairment ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ (charges) ​ ​ ​ ​ ​ As at June 30, 2022 Cost depletion (1) reversals Carrying value Mining royalties ​ $ 1,580.5 ​ $ (702.1) ​ $ — ​ ​ $ 878.4 ​ Streams ​ ​ 4,511.9 ​ ​ (1,979.4) ​ ​ — ​ ​ ​ 2,532.5 ​ Energy ​ ​ 1,964.2 ​ ​ (740.2) ​ ​ — ​ ​ ​ 1,224.0 ​ Advanced ​ ​ 363.5 ​ ​ (56.7) ​ ​ — ​ ​ ​ 306.8 ​ Exploration ​ ​ 69.3 ​ ​ (12.8) ​ ​ — ​ ​ ​ 56.5 ​ ​ ​ $ 8,489.4 ​ $ (3,491.2) ​ $ — ​ ​ $ 4,998.2 ​ 1. Accumulated depletion includes previously recognized impairment charges and reversals. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impairments ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ (charges) ​ ​ ​ ​ ​ As at December 31, 2021 Cost depletion (1) reversals Carrying value Mining royalties ​ $ 1,590.2 ​ $ (687.2) ​ $ — ​ ​ $ 903.0 ​ Streams ​ ​ 4,511.9 ​ ​ (1,888.9) ​ ​ — ​ ​ 2,623.0 ​ Energy ​ ​ 1,972.6 ​ ​ (789.8) ​ ​ 75.5 ​ ​ 1,258.3 ​ Advanced ​ ​ 365.9 ​ ​ (49.6) ​ ​ (7.5) ​ ​ ​ 308.8 ​ Exploration ​ ​ 67.1 ​ ​ (10.9) ​ ​ — ​ ​ ​ 56.2 ​ ​ ​ $ 8,507.7 ​ $ (3,426.4) ​ $ 68.0 ​ ​ $ 5,149.3 ​ ​ 1. Accumulated depletion includes previously recognized impairment charges and reversals.
Disclosure of detailed information about royalty, stream and working interest, net rollforward	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mining ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ royalties Streams Energy Advanced Exploration Total Balance at January 1, 2021 ​ $ 406.9 ​ $ 2,653.6 ​ $ 1,214.6 ​ $ 294.0 ​ $ 63.0 ​ $ 4,632.1 ​ Additions ​ 540.0 ​ ​ 165.6 ​ ​ 24.7 ​ ​ 22.7 ​ ​ — ​ 753.0 ​ Transfers ​ 6.3 ​ — ​ — ​ — ​ (6.3) ​ — ​ Impairment (charges) and reversals ​ — ​ ​ — ​ 75.5 ​ (7.5) ​ — ​ 68.0 ​ Depletion ​ (42.7) ​ (196.2) ​ (57.9) ​ (0.6) ​ — ​ (297.4) ​ Impact of foreign exchange ​ (7.5) ​ — ​ 1.4 ​ 0.2 ​ (0.5) ​ (6.4) ​ Balance at December 31, 2021 ​ $ 903.0 ​ $ 2,623.0 ​ $ 1,258.3 ​ $ 308.8 ​ $ 56.2 ​ $ 5,149.3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions ​ $ 6.3 ​ $ — ​ $ 3.6 ​ $ — ​ $ 1.1 ​ $ 11.0 ​ Depletion ​ (20.2) ​ (90.5) ​ (32.3) ​ (0.2) ​ — ​ (143.2) ​ Impact of foreign exchange ​ (10.7) ​ — ​ (5.6) ​ (1.8) ​ (0.8) ​ (18.9) ​ Balance at June 30, 2022 ​ $ 878.4 ​ $ 2,532.5 ​ $ 1,224.0 ​ $ 306.8 ​ $ 56.5 ​ $ 4,998.2 ​

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Jun. 30, 2022
Other assets
Schedule of Other assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ ​ At December 31, ​ ​ 2022 2021 Deposits related to Canada Revenue Agency ("CRA") audits ​ ​ $ 42.3 ​ ​ $ 15.6 ​ Energy well equipment, net ​ ​ ​ 5.5 ​ ​ ​ 5.4 ​ Right-of-use assets, net ​ ​ 1.2 ​ ​ 1.5 ​ Debt issue costs ​ ​ ​ 0.7 ​ ​ ​ 1.2 ​ Furniture and fixtures, net ​ ​ 0.1 ​ ​ 0.2 ​ ​ ​ ​ $ 49.8 ​ ​ $ 23.9 ​

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt
Schedule of changes in obligations related to the Credit Facility	​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ revolver Size of facility ​ $ 1,000.0 Balance at January 1, 2021 ​ $ — Drawdowns ​ ​ 150.0 Repayment ​ ​ (150.0) Balance at December 31, 2021 ​ $ — ​ ​ ​ ​ Drawdowns ​ $ — Repayment ​ ​ — Balance at June 30, 2022 ​ $ —

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue.
Schedule of Revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 2022 2021 Commodity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gold (1) ​ $ 190.7 ​ ​ $ 194.9 ​ ​ $ 378.2 ​ ​ $ 384.9 ​ Silver ​ 35.8 ​ ​ ​ 45.0 ​ ​ 76.9 ​ ​ ​ 92.7 ​ Platinum group metals (1) ​ 17.3 ​ ​ ​ 22.0 ​ ​ 31.5 ​ ​ ​ 41.5 ​ Iron ore (2) ​ ​ 14.6 ​ ​ ​ 36.9 ​ ​ ​ 33.9 ​ ​ ​ 41.9 ​ Other mining assets (3) ​ ​ 2.4 ​ ​ ​ 1.0 ​ ​ ​ 3.5 ​ ​ ​ 2.6 ​ Mining ​ $ 260.8 ​ ​ $ 299.8 ​ ​ $ 524.0 ​ ​ $ 563.6 ​ Oil ​ $ 46.2 ​ ​ $ 25.3 ​ ​ $ 85.2 ​ ​ $ 51.2 ​ Gas ​ ​ 37.9 ​ ​ ​ 17.9 ​ ​ ​ 67.4 ​ ​ ​ 32.3 ​ Natural gas liquids ​ ​ 7.4 ​ ​ ​ 4.1 ​ ​ ​ 14.5 ​ ​ ​ 8.9 ​ Energy ​ $ 91.5 ​ ​ $ 47.3 ​ ​ $ 167.1 ​ ​ $ 92.4 ​ ​ ​ $ 352.3 ​ ​ $ 347.1 ​ ​ $ 691.1 ​ ​ $ 656.0 ​ Geography ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ South America (3) ​ $ 89.2 ​ ​ $ 116.0 ​ ​ $ 191.4 ​ ​ $ 204.9 ​ Central America & Mexico ​ ​ 84.5 ​ ​ ​ 89.9 ​ ​ ​ 163.7 ​ ​ ​ 158.1 ​ United States ​ 88.5 ​ ​ ​ 66.3 ​ ​ 161.6 ​ ​ ​ 132.6 ​ Canada (1)(2) ​ 60.7 ​ ​ ​ 46.3 ​ ​ 112.4 ​ ​ ​ 102.0 ​ Rest of World ​ 29.4 ​ ​ ​ 28.6 ​ ​ 62.0 ​ ​ ​ 58.4 ​ ​ ​ $ 352.3 ​ ​ $ 347.1 ​ ​ $ 691.1 ​ ​ $ 656.0 ​ Type ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue-based royalties ​ $ 130.9 ​ ​ $ 111.4 ​ ​ $ 252.2 ​ ​ $ 205.5 ​ Streams (1) ​ 181.3 ​ ​ 199.5 ​ ​ 365.5 ​ ​ 376.4 ​ Profit-based royalties ​ 27.6 ​ ​ 22.2 ​ ​ 52.4 ​ ​ 50.9 ​ Other (2)(3) ​ 12.5 ​ ​ 14.0 ​ ​ 21.0 ​ ​ 23.2 ​ ​ ​ $ 352.3 ​ ​ $ 347.1 ​ ​ $ 691.1 ​ ​ $ 656.0 ​ 1. For Q2 2022, revenue includes a loss of $0.3 million and loss of $0.2 million of provisional pricing adjustments for gold and platinum-group metals, respectively (Q2 2021 – losses of $0.1 million and $0.1 million, respectively). For H1 2022, includes a loss of $0.4 million and gain of $0.4 million of provisional pricing adjustments for gold and platinum group metals, respectively (H1 2021 – a loss of $0.3 million and a gain of $0.5 million, respectively) 2. For Q2 2022 and H1 2022, revenue includes dividend income of $4.5 million and $7.0 million, respectively, from the Company’s equity investment in LIORC (Q2 2021 and H1 2021 – $8.9 million and $13.9 million, respectively). 3. For Q2 2022 and H1 2022, revenue includes dividend income of $1.2 million from the Company’s equity investment in SLM California (Q2 2021 and H1 2021 – nil ) .

Costs of sales (Tables)

Costs of sales (Tables)	6 Months Ended
	Jun. 30, 2022
Costs of sales
Schedule of Costs of sales	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 ​ 2021 2022 2021 Costs of stream sales ​ $ 41.3 ​ ​ $ 44.2 ​ ​ $ 81.3 ​ ​ $ 81.3 ​ Mineral production taxes ​ 0.4 ​ ​ 0.5 ​ ​ 0.9 ​ ​ 1.1 ​ Mining costs of sales ​ $ 41.7 ​ ​ $ 44.7 ​ ​ $ 82.2 ​ ​ $ 82.4 ​ Energy costs of sales ​ 3.8 ​ ​ 2.6 ​ ​ 6.9 ​ ​ 5.5 ​ ​ ​ $ 45.5 ​ ​ $ 47.3 ​ ​ $ 89.1 ​ ​ $ 87.9 ​

Share-based compensation expe_2

Share-based compensation expense (Tables)	6 Months Ended
	Jun. 30, 2022
Share-based compensation expense
Schedule of Share-based compensation expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 2022 2021 Stock options and restricted share units ​ $ 1.4 ​ $ 1.6 ​ ​ $ 3.0 ​ ​ $ 3.0 ​ Deferred share units ​ (1.4) ​ 3.4 ​ ​ 1.3 ​ ​ 4.0 ​ ​ ​ $ — ​ $ 5.0 ​ ​ $ 4.3 ​ ​ $ 7.0 ​

Related party disclosures (Tabl

Related party disclosures (Tables)	6 Months Ended
	Jun. 30, 2022
Related party disclosures
Schedule of compensation for key management personnel	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 2022 2021 Short-term benefits (1) ​ $ 0.9 ​ $ 0.9 ​ ​ $ 1.9 ​ ​ $ 1.7 ​ Share-based payments (2) ​ 0.1 ​ 5.0 ​ ​ 3.5 ​ ​ 5.9 ​ ​ ​ $ 1.0 ​ $ 5.9 ​ ​ $ 5.4 ​ ​ $ 7.6 ​ 1. Includes salary, benefits and short-term accrued incentives/other bonuses earned in the period. 2. Represents the expense of stock options and restricted share units and mark-to-market charges on deferred share units during the period.

Finance income and expenses (Ta

Finance income and expenses (Tables)	6 Months Ended
	Jun. 30, 2022
Finance income and expenses
Schedule of finance income and expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 ​ 2022 2021 ​ Finance income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ ​ $ 2.8 ​ ​ $ 1.7 ​ ​ $ 3.5 ​ ​ $ 2.4 ​ ​ ​ ​ $ 2.8 ​ ​ $ 1.7 ​ ​ $ 3.5 ​ ​ $ 2.4 ​ Finance expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Standby charges ​ ​ $ 0.5 ​ ​ $ 0.5 ​ ​ $ 1.1 ​ ​ $ 1.1 ​ Amortization of debt issue costs ​ ​ 0.3 ​ ​ 0.3 ​ ​ 0.6 ​ ​ 0.5 ​ Interest ​ ​ ​ — ​ ​ 0.2 ​ ​ — ​ ​ ​ 0.2 ​ Accretion of lease liabilities ​ ​ — ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ ​ ​ $ 0.8 ​ ​ $ 1.1 ​ ​ $ 1.7 ​ ​ $ 1.9 ​

Income taxes (Tables)

Income taxes (Tables)	6 Months Ended
	Jun. 30, 2022
Income taxes
Schedule of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ 2022 ​ 2021 2022 2021 Current income tax expense ​ $ 30.5 ​ $ 15.2 ​ ​ $ 59.5 ​ ​ $ 37.3 ​ Deferred income tax expense ​ 6.2 ​ ​ 14.2 ​ ​ ​ 13.2 ​ ​ ​ 11.9 ​ Income tax expense ​ $ 36.7 ​ $ 29.4 ​ ​ $ 72.7 ​ ​ $ 49.2 ​

Shareholders' equity (Tables)

Shareholders' equity (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Schedule of changes in share capital	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number ​ ​ ​ ​ ​ of shares Amount Balance at January 1, 2021 ​ 190,956,476 ​ $ 5,580.1 ​ Exercise of stock options ​ ​ 5,614 ​ ​ 0.5 ​ Vesting of restricted share units ​ ​ 58,457 ​ ​ 6.1 ​ Dividend reinvestment plan ​ ​ 313,845 ​ ​ 41.8 ​ Balance at December 31, 2021 ​ ​ 191,334,392 ​ $ 5,628.5 ​ Exercise of stock options ​ ​ 71,741 ​ $ 6.7 ​ Dividend reinvestment plan ​ ​ 150,240 ​ ​ 21.8 ​ Balance at June 30, 2022 ​ ​ 191,556,373 ​ $ 5,657.0 ​
Schedule of dividends paid	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ June 30, ​ ​ June 30, ​ 2022 2021 2022 2021 Cash dividends ​ $ 51.3 ​ $ 45.2 ​ ​ $ 101.4 ​ ​ $ 87.0 ​ DRIP dividends ​ 9.7 ​ 11.4 ​ ​ 21.8 ​ ​ 19.5 ​ ​ ​ $ 61.0 ​ $ 56.6 ​ ​ $ 123.2 ​ ​ $ 106.5 ​

Earnings per share (EPS) (Table

Earnings per share (EPS) (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings per share ("EPS")
Schedule of basic and diluted EPS	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ ​ 2022 ​ 2021 ​ ​ ​ Shares ​ Per Share ​ ​ Shares ​ Per Share ​ ​ ​ Net income ​ (in millions) ​ ​ Amount ​ Net income ​ (in millions) ​ ​ Amount Basic earnings per share ​ ​ $ 196.5 191.5 ​ ​ $ 1.03 ​ ​ $ 175.3 191.0 ​ ​ $ 0.92 ​ Effect of dilutive securities ​ ​ — 0.4 ​ ​ (0.01) ​ ​ — 0.4 ​ ​ — ​ Diluted earnings per share ​ ​ $ 196.5 191.9 ​ ​ $ 1.02 ​ ​ $ 175.3 191.4 ​ ​ $ 0.92 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2022 ​ 2021 ​ ​ ​ Shares ​ Per Share ​ ​ Shares ​ Per Share ​ ​ ​ Net income ​ (in millions) ​ ​ Amount ​ Net income ​ (in millions) ​ ​ Amount Basic earnings per share ​ ​ $ 378.5 191.4 ​ ​ $ 1.98 ​ ​ $ 346.8 191.0 ​ ​ $ 1.82 ​ Effect of dilutive securities ​ ​ — 0.4 ​ ​ (0.01) ​ ​ — 0.3 ​ ​ (0.01) ​ Diluted earnings per share ​ ​ $ 378.5 191.8 ​ ​ $ 1.97 ​ ​ $ 346.8 191.3 ​ ​ $ 1.81 ​

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2022
Segment reporting
Schedule of reportable segments for purposes of assessing performance	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ ​ ​ 2022 ​ 2021 ​ ​ ​ Mining ​ Energy ​ Total ​ ​ Mining ​ Energy ​ Total ​ Revenue ​ $ 260.8 ​ $ 91.5 ​ $ 352.3 ​ ​ $ 299.8 ​ $ 47.3 ​ $ 347.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Costs of sales ​ $ 41.7 ​ $ 3.8 ​ $ 45.5 ​ ​ $ 44.7 ​ $ 2.6 ​ $ 47.3 ​ Depletion and depreciation ​ ​ 53.7 ​ ​ 15.3 ​ ​ 69.0 ​ ​ ​ 61.1 ​ ​ 15.5 ​ ​ 76.6 ​ Segment gross profit ​ $ 165.4 ​ $ 72.4 ​ $ 237.8 ​ ​ $ 194.0 ​ $ 29.2 ​ $ 223.2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ ​ 2022 ​ 2021 ​ ​ Mining Energy Total ​ Mining Energy Total Revenue ​ $ 524.0 ​ $ 167.1 ​ $ 691.1 ​ ​ $ 563.6 ​ $ 92.4 ​ $ 656.0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Costs of sales ​ $ 82.2 ​ $ 6.9 ​ $ 89.1 ​ ​ $ 82.4 ​ $ 5.5 ​ $ 87.9 ​ Depletion and depreciation ​ ​ 110.9 ​ ​ 32.3 ​ ​ 143.2 ​ ​ ​ 120.3 ​ ​ 27.0 ​ ​ 147.3 ​ Segment gross profit ​ $ 330.9 ​ $ 127.9 ​ $ 458.8 ​ ​ $ 360.9 ​ $ 59.9 ​ $ 420.8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ ​ For the six months ended ​ ​ ​ ​ June 30, ​ ​ June 30, ​ ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 ​ Total segment gross profit ​ $ 237.8 ​ ​ $ 223.2 ​ ​ $ 458.8 ​ ​ $ 420.8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other operating (income)/expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ General and administrative expenses ​ $ 5.8 ​ ​ $ 5.4 ​ ​ $ 11.4 ​ ​ $ 9.6 ​ ​ Share-based compensation expense ​ ​ - ​ ​ ​ 5.0 ​ ​ ​ 4.3 ​ ​ ​ 7.0 ​ ​ Impairment and charges ​ ​ - ​ ​ ​ 7.5 ​ ​ ​ - ​ ​ ​ 7.5 ​ ​ Gain on sale of gold bullion ​ ​ (0.2) ​ ​ ​ (0.6) ​ ​ ​ (1.5) ​ ​ ​ (1.2) ​ ​ Depreciation ​ ​ 0.6 ​ ​ ​ 0.6 ​ ​ ​ 1.0 ​ ​ ​ 1.1 ​ ​ Foreign exchange loss (gain) and other expenses (income) ​ ​ 0.4 ​ ​ ​ 1.2 ​ ​ ​ (5.8) ​ ​ ​ 1.3 ​ ​ Income before finance items and income taxes ​ $ 231.2 ​ ​ $ 204.1 ​ ​ $ 449.4 ​ ​ $ 395.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance items ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance income ​ $ 2.8 ​ ​ $ 1.7 ​ ​ $ 3.5 ​ ​ $ 2.4 ​ ​ Finance expenses ​ ​ (0.8) ​ ​ ​ (1.1) ​ ​ ​ (1.7) ​ ​ ​ (1.9) ​ ​ Net income before income taxes ​ $ 233.2 ​ ​ $ 204.7 ​ ​ $ 451.2 ​ ​ $ 396.0 ​ ​

Fair value measurements (Tables

Fair value measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Recurring Basis
Fair value measurements
Schedule of Assets and Liabilities Measured at Fair Value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted prices in Significant other Significant ​ ​ ​ active markets for ​ observable ​ unobservable ​ ​ ​ ​ ​ identical assets ​ inputs ​ inputs ​ ​ Aggregate As at June 30, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ fair value Receivables from provisional concentrate sales ​ $ — ​ $ 7.4 ​ $ — ​ ​ $ 7.4 ​ Equity investments ​ 169.2 ​ — ​ 41.4 ​ ​ 210.6 ​ Warrants ​ — ​ 2.6 ​ — ​ ​ 2.6 ​ ​ ​ $ 169.2 ​ $ 10.0 ​ $ 41.4 ​ ​ $ 220.6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted prices in Significant other Significant ​ ​ ​ active markets for ​ observable ​ unobservable ​ ​ ​ ​ ​ identical assets ​ inputs ​ inputs ​ ​ Aggregate As at December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ fair value Receivables from provisional concentrate sales ​ $ — ​ $ 4.8 ​ $ — ​ ​ $ 4.8 ​ Equity investments ​ 231.0 ​ — ​ 4.1 ​ ​ 235.1 ​ Warrants ​ — ​ 0.8 ​ — ​ ​ 0.8 ​ ​ ​ $ 231.0 ​ $ 5.6 ​ $ 4.1 ​ ​ $ 240.7 ​

Commitments (Tables)

Commitments (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments
Schedule of company's commitment to pay for metals pursuant to the agreement	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Attributable payable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ production to be purchased ​ Per ounce cash payment (1),(2) ​ Term of ​ Date of Interest Gold Silver PGM Gold Silver PGM agreement (3) contract Antamina 0 % 22.5 % (4) 0 % ​ n/a ​ ​ 5 % (5) ​ n/a 40 years ​ 7-Oct-15 ​ Antapaccay — % (6) — % (7) 0 % 20 % (8) ​ 20 % (9) ​ n/a 40 years ​ 10-Feb-16 ​ Candelaria 68 % (10) 68 % (10) 0 % $ 400 ​ $ 4.00 ​ ​ n/a 40 years ​ 6-Oct-14 ​ Cobre Panama Fixed Payment Stream — % (11) — % (12) 0 % $ 418 (13) $ 6.27 (14) ​ n/a 40 years ​ 19-Jan-18 ​ Cobre Panama Floating Payment Stream ​ — % (15) — % (16) 0 % ​ 20 % (17) ​ 20 % (18) ​ n/a 40 years ​ 19-Jan-18 ​ Condestable ​ — % (19) — % (20) 0 % ​ 20 % (21) ​ 20 % (22) ​ n/a 40 years ​ 8-Mar-21 ​ Karma 4.875 % (23) 0 % 0 % 20 % (24) ​ n/a ​ ​ n/a 40 years ​ 11-Aug-14 ​ Guadalupe-Palmarejo 50 % 0 % 0 % $ 800 ​ ​ n/a ​ ​ n/a 40 years ​ 2-Oct-14 ​ Sabodala — % (25) 0 % 0 % 20 % (26) ​ n/a ​ ​ n/a 40 years ​ 25-Sep-20 ​ MWS 25 % 0 % 0 % $ 400 ​ ​ n/a ​ ​ n/a 40 years (27) 2-Mar-12 ​ Cooke 4 7 % 0 % 0 % $ 400 ​ ​ n/a ​ ​ n/a 40 years ​ 5-Nov-09 ​ Sudbury (28) 50 % 0 % 50 % $ 400 ​ ​ n/a ​ $ 400 40 years ​ 15-Jul-08 ​ ​ 1 Subject to an annual inflationary adjustment except for Antamina, Antapaccay, Karma, Guadalupe-Palmarejo, and Sabodala. 2 Should the prevailing market price for gold be lower than this amount, the per ounce cash payment will be reduced to the prevailing market price. 3 Subject to successive extensions. 4 Subject to a fixed payability of 90% . Percentage decreases to 15% after 86 million ounces of silver has been delivered under the agreement. 5 Purchase price is 5% of the average silver price at the time of delivery. 6 Gold deliveries are referenced to copper in concentrate shipped with 300 ounces of gold delivered for each 1,000 tonnes of copper in concentrate shipped, until 630,000 ounces of gold has been delivered. Thereafter, percentage is 30% of gold shipped. 7 Silver deliveries are referenced to copper in concentrate shipped with 4,700 ounces of silver delivered for each 1,000 tonnes of copper in concentrate shipped, until 10.0 million ounces of silver has been delivered. Thereafter, percentage is 30% of silver shipped. 8 Purchase price is 20% of the spot price of gold until 750,000 ounces of gold have been delivered, thereafter the purchase price is 30% of the spot price of gold. 9 Purchase price is 20% of the spot price of silver until 12.8 million ounces of silver have been delivered, thereafter the purchase price is 30% of the spot price of silver. 10 Percentage decreases to 40% after 720,000 ounces of gold and 12.0 million ounces of silver have been delivered under the agreement. 11 Gold deliveries are indexed to copper in concentrate produced from the project. 120 ounces of gold per every 1 million pounds of copper produced until 808,000 ounces of gold delivered. Thereafter, 81 ounces of gold per 1 million pounds of copper produced until 1,716,188 ounces of gold delivered. Thereafter, 63.4% of the gold in concentrate. 12 Silver deliveries are indexed to copper in concentrate produced from the project. 1,376 ounces of silver per every 1 million pounds of copper produced until 9,842,000 ounces of silver delivered. Thereafter 1,776 ounces of silver per 1 million pounds of copper produced until 29,731,000 ounces of silver delivered. Thereafter, 62.1% of the silver in concentrate. 13 After 1,341,000 ounces of gold delivered, purchase price is the greater of 50% of spot and $418.27 per ounce. As the mill throughput for 30 consecutive days commensurate with annual capacity of 58 million tonnes per annum was not reached by January 1, 2019, Franco-Nevada will receive a 5% annual rate of return until such mill throughput was achieved, through a reduction of the applicable fixed gold price of $100 per ounce or a delivery of additional ounces for no consideration. 14 After 21,510,000 ounces of silver delivered, purchase price is the greater of 50% of spot and $6.27 per ounce. 15 Gold deliveries are indexed to copper in concentrate produced from the project. 30 ounces of gold per every 1 million pounds of copper produced until 202,000 ounces of gold delivered. Thereafter 20.25 ounces of gold per 1 million pounds of copper produced until 429,047 ounces of gold delivered. Thereafter, 15.85% of the gold in concentrate. 16 Silver deliveries are indexed to copper in concentrate produced from the project. 344 ounces of silver per every 1 million pounds of copper produced until 2,460,500 ounces of silver delivered. Thereafter, 444 ounces of silver per 1 million pounds of copper produced until 7,432,750 ounces of silver delivered. Thereafter 15.53% of the silver in concentrate. 17 After 604,000 ounces of gold delivered, purchase price is 50% of the spot price of gold. As the mill throughput for 30 consecutive days commensurate with annual capacity of 58 million tonnes per annum was not reached by January 1, 2019, Franco-Nevada will receive a 5% annual rate of return until such mill throughput was achieved, through a reduction of the applicable fixed gold price of $100 per ounce or a delivery of additional ounces for no consideration. 18 After 9,618,000 ounces of silver delivered, purchase price is 50% of the spot price of silver. 19 Gold deliveries are fixed at 8,760 ounces per annum from January 1, 2021 to December 31, 2025. Thereafter, 63% of the gold in concentrate until a cumulative total of 87,600 ounces of gold delivered. Thereafter, 25% of the gold in concentrate. 20 Silver deliveries are fixed at 291,000 ounces per annum from January 1, 2021 to December 31, 2025. Thereafter, 63% of the silver in concentrate until a cumulative total of 2,910,000 ounces of silver delivered. Thereafter, 25% of the silver in concentrate. 21 Purchase price is 20% of the spot price of gold at the time of delivery. 22 Purchase price is 20% of the spot price of silver at the time of delivery. 23 Gold deliveries were fixed until February 28, 2021. Percentage is now 4.875% of gold production. 24 Purchase price is 20% of the average gold price at the time of delivery. 25 Based on amended agreement with an effective date of September 1, 2020, gold deliveries are fixed at 783.33 ounces per month until 105,750 ounces of gold is delivered. Thereafter, percentage is 6% of gold production (subject to reconciliation after fixed delivery period to determine if Franco-Nevada would have received more or less than 105,750 ounces of gold under the original 6% variable stream for such period, entitling the operator to a credit for an over-delivery applied against future stream deliveries or a one-time additional delivery to Franco-Nevada for an under-delivery). ​ 26 Purchase price is 20% of prevailing market price at the time of delivery. 27 Agreement is capped at 312,500 ounces of gold. 28 The Company is committed to purchase 50% of the precious metals contained in ore from the properties. Payment is based on gold equivalent ounces. For McCreedy West, effective June 1, 2021, purchase price per gold equivalent ounce is determined based on the monthly average gold spot price: (i) when the gold spot price is less than $800 per ounce, the purchase price is the prevailing monthly average gold spot price; (ii) when the gold spot price is greater than $800 per ounce but less than $1,333 per ounce, the purchase price is $800 per ounce; (iii) when the gold spot price is greater than $1,333 per ounce but less than $2,000 per ounce, the purchase price is 60% of the prevailing monthly average gold spot price; and (iv) when the gold spot price is greater than $2,000 , the purchase price is $1,200 per ounce. ​

Contingencies (Tables)

Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Contingencies
Summary of the various CRA audit and reassessment matters	​ ​ ​ CRA Position Taxation Years Reassessed Potential Exposure for Tax, Interest and Penalties (in millions) Canadian Domestic Tax Matters ​ Upfront payment made in connection with precious metal stream agreements should be deducted for income tax purposes in a similar manner to how such amount is expensed for financial statement purposes. 2014, 2015, 2016, 2017 For 2014-2017: Tax: $15.5 (C $19.9 ) Interest and other penalties: $4.4 (C $5.6 ) ​ If CRA were to reassess the 2018-2021 taxation years on the same basis: Tax: $34.3 (C $44.2 ) Interest and other penalties: $3.4 (C $4.3 ) ​ Transfer Pricing (Mexico) ​ Transfer pricing provisions in the Act (as defined below) apply such that a majority of the income earned by the Company’s Mexican subsidiary should be included in the income of the Company and subject to tax in Canada. ​ 2013, 2014, 2015, 2016 For 2013-2016: Tax: $23.3 (C $29.9 ) Transfer pricing penalties: $8.0 (C $10.3 ) for 2013-2015; $1.3 (C $1.7 ) for 2016 under review Interest and other penalties: $11.0 (C $14.2 ) ​ The amounts set forth above do not include any potential relief under the Canada-Mexico tax treaty. ​ The Company’s Mexican subsidiary ceased operations after 2016 and no reassessments for this issue are expected for subsequent years. ​ Transfer Pricing (Barbados) ​ Transfer pricing provisions in the Act (as defined below) apply such that a majority of the income relating to certain precious metal streams earned by the Company’s Barbadian subsidiary should be included in the income of the Company and subject to tax in Canada. ​ 2014, 2015, 2016, 2017 For 2014-2017: Tax: $36.1 (C $46.5 ) Transfer pricing penalties: $1.9 (C $2.5 ) for 2014-2015; $11.7 (C $15.1 ) for 2016-2017 under review Interest and other penalties: $11.7 (C $15.0 ) ​ If CRA were to reassess the 2018-2021 taxation years on the same basis: Tax: $166.6 (C $214.7 ) Transfer pricing penalties: $62.9 (C $81.0 ) Interest and other penalties: $16.4 (C $21.1 ) ​ FAPI (Barbados) ​ The FAPI provisions in the Act (as defined below) apply such that a majority of the income relating to precious metal streams earned by the Company’s Barbadian subsidiary, in 2012 and 2013, should be included in the income of the Company and subject to tax in Canada. ​ 2012, 2013 For 2012-2013: Tax: $5.9 (C $7.7 ) Interest and other penalties: $3.1 (C $4.0 ) ​ Based on CRA’s proposal letter, no reassessments for this issue for years after 2013 are expected.

Acquisitions and other transa_2

Acquisitions and other transactions (Details) $ / shares in Units, $ in Millions, $ in Millions						6 Months Ended
	Jul. 25, 2022 USD ($) item	Jul. 18, 2022 USD ($) oz shares	Jul. 18, 2022 USD ($) $ / shares shares	May 02, 2022 USD ($)	Apr. 14, 2022 USD ($) shares	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jul. 18, 2022 $ / shares	Apr. 14, 2022 CAD ($) $ / shares shares	Dec. 31, 2021 USD ($)
Acquisitions
Total contributions made						$ 3.6	$ 4.1
Mineral Rights With Continental Resources Inc
Acquisitions
Cumulative investment in royalty acquisition venture						432
Mineral Rights With Continental Resources Inc | Top
Acquisitions
Total cumulative investment						88
Mineral Rights With Continental Resources Inc | Accounts payable
Acquisitions
Consideration transferred						$ 0.6				$ 1.7
Caserones Royalty, Chile
Acquisitions
Consideration transferred					$ 37.4
Percentage of NSR					0.4582%
Share Price | $ / shares									$ 3.30
Castle Mountain Royalty, California
Acquisitions
Consideration transferred				$ 6
Percentage of NSR				2%
EMX Royalty Corporation
Acquisitions
Value of common shares issued in acquisition					$ 10				$ 12.6
Number of common shares issued per unit | shares					1
Number of common share, each warrant can exercise | shares					1				1
Exercise price of warrants held | $ / shares									$ 4.45
Exercise period					5 years
Number of shares acquired | shares					3,812,121
Percentage of Net Smelter Return Castle Mountain
Acquisitions
Percentage of NSR				2.65%
Percentage of Net Smelter Return Pacific Clay
Acquisitions
Percentage of NSR				4.65%
G Mining Ventures, Tocantinzinho Gold Project, Brazil | Acquisition of gold stream
Acquisitions
Consideration transferred		$ 250	$ 250
Secured term loan receivable		$ 75	75
Percentage of gold produced to be delivered until the threshold is met		12.50%
Business Acquisition, Percentage Of Gold Produced To Be Delivered For Remaining Life		7.50%
Threshold Amount To Be Spent On Project to Trigger Draw Down From Deposit		$ 95	$ 95
Percentage Of Spot Gold Price Receivable		20%	20%
Percentage of fee on undrawn amounts		1%
Percentage of original issue discount		2%
Number of securities into which the class of warrant or right may be converted | shares		11,500,000	11,500,000
Warrants and rights outstanding, term		5 years
Deliveries of ounces of refined gold threshold | oz		300,000
Exercise price per common share | $ / shares								$ 1.90
Number of shares purchased | shares		44,687,500
Gross proceeds from common shares		$ 27.5
Share price per common share | $ / shares			$ 0.80
G Mining Ventures, Tocantinzinho Gold Project, Brazil | Acquisition of gold stream | Three Month Term Secured Overnight Financing Rate
Acquisitions
Borrowings, adjustment to interest rate basis		5.75%	5.75%
Borrowings Adjustment To Interest Rate Basis After Completion Test Are Achieved On The Project		4.75%
G Mining Ventures, Tocantinzinho Gold Project, Brazil | Acquisition of gold stream | G Mining Ventures
Acquisitions
Debt Instrument, Percentage Of Repayment Upon Maturity		25%
G Mining Ventures, Tocantinzinho Gold Project, Brazil | Acquisition of gold stream | G Mining Ventures | Stream Term Loan
Acquisitions
Notional amount		$ 75	$ 75
IFRS Debt Instrument Term		6 years
Debt Instrument, Availability Period		3 years 6 months
Royalties in Chile | Acquisition of Royalties
Acquisitions
Consideration transferred	$ 1
Number of royalties acquired | item	7
Percentage of net smelter return on precious metals	2%
Percentage of net smelter return on base metals	1%

Cash and cash equivalents (Deta

Cash and cash equivalents (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Investments and loan receivable
Cash deposits	$ 541.2	$ 529.7
Term deposits	369.4	9.6
Cash and cash equivalents	$ 910.6	$ 539.3	$ 197.7	$ 534.2

Investments and loan receivab_3

Investments and loan receivable (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	May 04, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Investments and loan receivable
Investments (Note 5)		$ 213.2		$ 213.2		$ 235.9
Equity method investments		210.6		210.6		235.1
Unrealized gains losses on available-for-sale investments
Loan receivable						39.7
Repayment of loan	$ 42.7
Equity investments
Investments and loan receivable
Investments (Note 5)		210.6		210.6		235.1
Cost of equity investments disposed of		1.1	$ 4.6	1.1	$ 4.6
Gross proceeds from disposal				1.7	12.7
Unrealized gains losses on available-for-sale investments
(Loss) gain on changes in the fair value of equity investments at FVTOCI		(88.4)	53.5	(65.8)	74.9
Income tax recovery (expense) in other comprehensive income		11.6	(6.8)	8.7	(9.6)
(Loss) gain on changes in the fair value of equity investments at FVTOCI, net of income tax		(76.8)	$ 46.7	(57.1)	$ 65.3
Labrador Iron Ore Royalty Corporation
Investments and loan receivable
Equity method investments		139.3		139.3		187.4
SLM California
Investments and loan receivable
Equity method investments		37.4		37.4
Other Equity Investments
Investments and loan receivable
Equity method investments		33.9		33.9		47.7
Warrants.
Investments and loan receivable
Investments (Note 5)		$ 2.6		$ 2.6		$ 0.8

Prepaid expenses and other cu_3

Prepaid expenses and other current assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Prepaid expenses and other current assets.
Gold bullion	$ 30.4	$ 32.4
Prepaid expenses	16.2	18.8
Stream ounces inventory	0.4	0.5
Debt issue costs	0.9	0.9
Prepaid expenses and other current assets	$ 47.9	$ 52.6

Royalty, stream and working i_3

Royalty, stream and working interests - Royalties, Streams and Working Interests (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Jun. 30, 2022	Dec. 31, 2020
Royalty, stream and working interests
Royalty, stream and working interests, net	$ 5,149.3	$ 4,998.2	$ 4,632.1
Royalty, stream and working interest, net depletable	4,107.5	4,119.6
Royalty, stream and working interest, net non-depletable	1,041.8	878.6
Impairment (charges) and reversals	(68)
Cost
Royalty, stream and working interests
Royalty, stream and working interests, net	8,507.7	8,489.4
Accumulated Depletion
Royalty, stream and working interests
Royalty, stream and working interests, net	(3,426.4)	(3,491.2)
Impairment (charges) reversals
Royalty, stream and working interests
Royalty, stream and working interests, net	68
Mining Royalties
Royalty, stream and working interests
Royalty, stream and working interests, net	903	878.4	406.9
Mining Royalties | Cost
Royalty, stream and working interests
Royalty, stream and working interests, net	1,590.2	1,580.5
Mining Royalties | Accumulated Depletion
Royalty, stream and working interests
Royalty, stream and working interests, net	(687.2)	(702.1)
Streams
Royalty, stream and working interests
Royalty, stream and working interests, net	2,623	2,532.5	2,653.6
Streams | Cost
Royalty, stream and working interests
Royalty, stream and working interests, net	4,511.9	4,511.9
Streams | Accumulated Depletion
Royalty, stream and working interests
Royalty, stream and working interests, net	(1,888.9)	(1,979.4)
Energy
Royalty, stream and working interests
Royalty, stream and working interests, net	1,258.3	1,224	1,214.6
Impairment (charges) and reversals	(75.5)
Energy | Cost
Royalty, stream and working interests
Royalty, stream and working interests, net	1,972.6	1,964.2
Energy | Accumulated Depletion
Royalty, stream and working interests
Royalty, stream and working interests, net	(789.8)	(740.2)
Energy | Impairment (charges) reversals
Royalty, stream and working interests
Royalty, stream and working interests, net	75.5
Advanced
Royalty, stream and working interests
Royalty, stream and working interests, net	308.8	306.8	294
Impairment (charges) and reversals	7.5
Advanced | Cost
Royalty, stream and working interests
Royalty, stream and working interests, net	365.9	363.5
Advanced | Accumulated Depletion
Royalty, stream and working interests
Royalty, stream and working interests, net	(49.6)	(56.7)
Advanced | Impairment (charges) reversals
Royalty, stream and working interests
Royalty, stream and working interests, net	(7.5)
Exploration
Royalty, stream and working interests
Royalty, stream and working interests, net	56.2	56.5	$ 63
Exploration | Cost
Royalty, stream and working interests
Royalty, stream and working interests, net	67.1	69.3
Exploration | Accumulated Depletion
Royalty, stream and working interests
Royalty, stream and working interests, net	$ (10.9)	$ (12.8)

Royalty, stream and working i_4

Royalty, stream and working interests - Rollforward (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Royalty, stream and working interests
Balance at beginning of period	$ 5,149.3	$ 4,632.1
Additions	11	753
Impairment (charges) and reversals		68
Depletion	(143.2)	(297.4)
Impact of foreign exchange	(18.9)	(6.4)
Balance at end of period	4,998.2	5,149.3
Mining Royalties
Royalty, stream and working interests
Balance at beginning of period	903	406.9
Additions	6.3	540
Transfers		6.3
Depletion	(20.2)	(42.7)
Impact of foreign exchange	(10.7)	(7.5)
Balance at end of period	878.4	903
Streams
Royalty, stream and working interests
Balance at beginning of period	2,623	2,653.6
Additions		165.6
Depletion	(90.5)	(196.2)
Balance at end of period	2,532.5	2,623
Energy
Royalty, stream and working interests
Balance at beginning of period	1,258.3	1,214.6
Additions	3.6	24.7
Impairment (charges) and reversals		75.5
Depletion	(32.3)	(57.9)
Impact of foreign exchange	(5.6)	1.4
Balance at end of period	1,224	1,258.3
Advanced
Royalty, stream and working interests
Balance at beginning of period	308.8	294
Additions		22.7
Impairment (charges) and reversals		(7.5)
Depletion	(0.2)	(0.6)
Impact of foreign exchange	(1.8)	0.2
Balance at end of period	306.8	308.8
Exploration
Royalty, stream and working interests
Balance at beginning of period	56.2	63
Additions	1.1
Transfers		(6.3)
Impact of foreign exchange	(0.8)	(0.5)
Balance at end of period	$ 56.5	$ 56.2

Other assets (Details)

Other assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Subsequent events
Deposits related to Canada Revenue Agency ("CRA") audits	$ 42.3	$ 15.6
Energy well equipment, net	5.5	5.4
Right-of-use assets, net	1.2	1.5
Debt issue costs	0.7	1.2
Furniture and fixtures, net	0.1	0.2
Other assets	$ 49.8	$ 23.9

Debt (Details)

Debt (Details) $ in Millions, $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($) item	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 CAD ($)
Revolving term credit facility
Drawdowns		$ 150
Repayment		$ (150)
Credit Facility
Revolving term credit facility
Size of facility	$ 1,000
Drawdowns			$ 150
Repayment			$ (150)
Maximum borrowing capacity	1,000
FNBC Credit Facility
Revolving term credit facility
Maximum borrowing capacity	100
Letter of credit
Revolving term credit facility
Maximum borrowing capacity	$ 17.9			$ 23.1
Number of letter of credit | item	2

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Revenue	$ 352.3	$ 347.1	$ 691.1	$ 656
Labrador Iron Ore Royalty Corporation.
Revenue
Dividend income	4.5	8.9	7	13.9
SLM California
Revenue
Dividend income	1.2	0	1.2	0
Revenue-based royalties
Revenue
Revenue	130.9	111.4	252.2	205.5
Streams.
Revenue
Revenue	181.3	199.5	365.5	376.4
Profit-based royalties
Revenue
Revenue	27.6	22.2	52.4	50.9
Other.
Revenue
Revenue	12.5	14	21	23.2
South America
Revenue
Revenue	89.2	116	191.4	204.9
Central America & Mexico
Revenue
Revenue	84.5	89.9	163.7	158.1
United States
Revenue
Revenue	88.5	66.3	161.6	132.6
Canada
Revenue
Revenue	60.7	46.3	112.4	102
Rest of World
Revenue
Revenue	29.4	28.6	62	58.4
Mining
Revenue
Revenue	260.8	299.8	524	563.6
Gold
Revenue
Revenue	190.7	194.9	378.2	384.9
Provisional price adjustment	0.3	(0.1)	(0.4)	(0.3)
Silver
Revenue
Revenue	35.8	45	76.9	92.7
Platinum-group metals
Revenue
Revenue	17.3	22	31.5	41.5
Provisional price adjustment	0.2	0.1	0.4	0.5
Diversified
Revenue
Revenue	91.5	47.3	167.1	92.4
Iron Ore
Revenue
Revenue	14.6	36.9	33.9	41.9
Other mining commodities
Revenue
Revenue	2.4	1	3.5	2.6
Oil
Revenue
Revenue	46.2	25.3	85.2	51.2
Gas
Revenue
Revenue	37.9	17.9	67.4	32.3
Natural gas liquids
Revenue
Revenue	$ 7.4	$ 4.1	$ 14.5	$ 8.9

Costs of sales (Details)

Costs of sales (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Costs of sales
Cost of stream sales	$ 41.3	$ 44.2	$ 81.3	$ 81.3
Mineral production taxes	0.4	0.5	0.9	1.1
Mining costs of sales	41.7	44.7	82.2	82.4
Energy costs of sales	3.8	2.6	6.9	5.5
Total costs of sales	$ 45.5	$ 47.3	$ 89.1	$ 87.9

Share-based compensation expe_3

Share-based compensation expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense		$ 5	$ 4.3	$ 7
Stock options and restricted share units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	$ 1.4	1.6	3	3
Deferred Share Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	$ (1.4)	$ 3.4	$ 1.3	$ 4

Related party disclosures (Deta

Related party disclosures (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related party disclosures
Short-term benefits	$ 0.9	$ 0.9	$ 1.9	$ 1.7
Share-based payments	0.1	5	3.5	5.9
Total	$ 1	$ 5.9	$ 5.4	$ 7.6

Finance income and expenses (De

Finance income and expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finance income
Interest	$ 2.8	$ 1.7	$ 3.5	$ 2.4
Finance income	2.8	1.7	3.5	2.4
Finance expenses
Standby charges	0.5	0.5	1.1	1.1
Amortization of debt issue costs	0.3	0.3	0.6	0.5
Interest		0.2		0.2
Accretion of lease liabilities		0.1		0.1
Finance expenses	$ 0.8	$ 1.1	$ 1.7	$ 1.9

Income taxes - Other (Details)

Income taxes - Other (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Current income tax expense
Current income tax expense	$ 30.5	$ 15.2	$ 59.5	$ 37.3
Deferred income tax expense	6.2	14.2	13.2	11.9
Income tax expense	$ 36.7	$ 29.4	$ 72.7	$ 49.2

Shareholders' equity - Common S

Shareholders' equity - Common Shares (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Reconciliation Of Amount Of Shares Outstanding [Abstract]
Balance at the beginning period			$ 5,628.5
Exercise of stock options			5.2	$ 0.3
Dividend reinvestment plan	$ 9.7	$ 11.4	21.8	$ 19.5
Balance at the ending period	$ 5,657		$ 5,657		$ 5,628.5
Common shares
Shareholders' equity
Shares issued	191,556,373		191,556,373
Shares, par value (dollars per share)	$ 0		$ 0
Preferred shares
Shareholders' equity
Shares issued	0		0
Share capital
Reconciliation of number of shares outstanding [abstract]
Number of shares outstanding at beginning of period			191,334,392	190,956,476	190,956,476
Exercise of stock options			71,741		5,614
Vesting of restricted share units					58,457
Dividend reinvestment plan			150,240		313,845
Number of shares outstanding at end of period	191,556,373		191,556,373		191,334,392
Reconciliation Of Amount Of Shares Outstanding [Abstract]
Balance at the beginning period			$ 5,628.5	$ 5,580.1	$ 5,580.1
Exercise of stock options			6.7	0.4	0.5
Vesting of restricted share units					6.1
Dividend reinvestment plan			21.8	$ 19.5	41.8
Balance at the ending period	$ 5,657		$ 5,657		$ 5,628.5

Shareholders' equity - Dividend

Shareholders' equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Shareholders' equity
Dividend declared per share	$ 0.32	$ 0.30	$ 0.64	$ 0.56
Cash dividends	$ 51.3	$ 45.2	$ 101.4	$ 87
DRIP dividends	9.7	11.4	21.8	19.5
Dividend paid	$ 61	$ 56.6	$ 123.2	$ 106.5

Earnings per share (EPS) (Detai

Earnings per share (EPS) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings per share
Basic EPS - Net income	$ 196.5	$ 175.3	$ 378.5	$ 346.8
Basic EPS - (in shares)	191,500,000	191,000,000	191,400,000	191,000,000
Basic earnings per share (in dollars per share)	$ 1.03	$ 0.92	$ 1.98	$ 1.82
Effect of dilutive securities - (in shares)	400,000	400,000	400,000	300,000
Effect of dilutive securities - (in dollars per share)	(0.01)		(0.01)	(0.01)
Diluted EPS - Net income	$ 196.5	$ 175.3	$ 378.5	$ 346.8
Diluted EPS - (in shares)	191,900,000	191,400,000	191,800,000	191,300,000
Diluted EPS (in dollars per share)	$ 1.02	$ 0.92	$ 1.97	$ 1.81
Stock options
Earnings per share
Securities excluded from computation of diluted EPS (in shares)	109,948	61,594	109,948
Restricted shares
Earnings per share
Securities excluded from computation of diluted EPS (in shares)		66,996	66,794

Segment reporting - Financials

Segment reporting - Financials (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) item	Jun. 30, 2021 USD ($)
Disclosure of operating segments [line items]
Number of operating segments | item			2
Revenue	$ 352.3	$ 347.1	$ 691.1	$ 656
Expenses
Costs of sales	45.5	47.3	89.1	87.9
Depletion and depreciation	69.6	77.2	144.2	148.4
Gross profit	237.2	222.6	457.8	419.7
Other operating (income)/expenses
General and administrative expenses	5.8	5.4	11.4	9.6
Share-based compensation expense		5	4.3	7
Impairment and charges		7.5		7.5
Gain on sale of gold bullion	(0.2)	(0.6)	(1.5)	(1.2)
Foreign exchange loss (gain) and other expenses (income)	0.4	1.2	(5.8)	1.3
Income before finance items and income taxes	231.2	204.1	449.4	395.5
Finance items
Finance income	2.8	1.7	3.5	2.4
Finance expenses	(0.8)	(1.1)	(1.7)	(1.9)
Net income before income taxes	233.2	204.7	451.2	396
Operating Segments
Disclosure of operating segments [line items]
Revenue	352.3	347.1	691.1	656
Expenses
Costs of sales	45.5	47.3	89.1	87.9
Depletion and depreciation	69	76.6	143.2	147.3
Gross profit	237.8	223.2	458.8	420.8
Other operating (income)/expenses
General and administrative expenses	5.8	5.4	11.4	9.6
Share-based compensation expense		5	4.3	7
Impairment and charges		7.5		7.5
Gain on sale of gold bullion	(0.2)	(0.6)	(1.5)	(1.2)
Depreciation	0.6	0.6	1	1.1
Foreign exchange loss (gain) and other expenses (income)	0.4	1.2	(5.8)	1.3
Income before finance items and income taxes	231.2	204.1	449.4	395.5
Finance items
Finance income	2.8	1.7	3.5	2.4
Finance expenses	(0.8)	(1.1)	(1.7)	(1.9)
Net income before income taxes	233.2	204.7	451.2	396
Operating Segments | Mining Segment
Disclosure of operating segments [line items]
Revenue	260.8	299.8	524	563.6
Expenses
Costs of sales	41.7	44.7	82.2	82.4
Depletion and depreciation	53.7	61.1	110.9	120.3
Gross profit	165.4	194	330.9	360.9
Operating Segments | Energy Segment
Disclosure of operating segments [line items]
Revenue	91.5	47.3	167.1	92.4
Expenses
Costs of sales	3.8	2.6	6.9	5.5
Depletion and depreciation	15.3	15.5	32.3	27
Gross profit	$ 72.4	$ 29.2	$ 127.9	$ 59.9

Fair value measurements (Detail

Fair value measurements (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($) EquityInstruments	Jun. 30, 2022 USD ($) EquityInstruments	Dec. 31, 2021 USD ($)
Fair value measurements
Transfer from Level 1 to 2 of financial assets	$ 0	$ 0
Transfer from Level 2 to 1 of financial assets	0	0
Transfer from Level 1 to 2 of financial liabilities	0	0
Transfer from Level 2 to 1 of financial liabilities	0	0
Transfers Into Level 3 of financial assets	0	0
Transfers Out of Level 3 of financial assets	0	0
Transfers Into Level 3 of financial liabilities	0	0
Transfers Out of Level 3 of financial liabilities	$ 0	$ 0
Number of investments with no quoted market price in an active market | EquityInstruments	2	2
Recurring Basis
Fair value measurements
Financial assets, at fair value	$ 220,600,000	$ 220,600,000	$ 240,700,000
Recurring Basis | Level 1
Fair value measurements
Financial assets, at fair value	169,200,000	169,200,000	231,000,000
Recurring Basis | Level 2
Fair value measurements
Financial assets, at fair value	10,000,000	10,000,000	5,600,000
Recurring Basis | Level 3
Fair value measurements
Financial assets, at fair value	41,400,000	41,400,000	4,100,000
Receivables from provisional concentrate sales | Recurring Basis
Fair value measurements
Financial assets, at fair value	7,400,000	7,400,000	4,800,000
Receivables from provisional concentrate sales | Recurring Basis | Level 2
Fair value measurements
Financial assets, at fair value	7,400,000	7,400,000	4,800,000
Equity investments | Recurring Basis
Fair value measurements
Financial assets, at fair value	210,600,000	210,600,000	235,100,000
Equity investments | Recurring Basis | Level 1
Fair value measurements
Financial assets, at fair value	169,200,000	169,200,000	231,000,000
Equity investments | Recurring Basis | Level 3
Fair value measurements
Financial assets, at fair value	41,400,000	41,400,000	4,100,000
Warrants. | Recurring Basis
Fair value measurements
Financial assets, at fair value	2,600,000	2,600,000	800,000
Warrants. | Recurring Basis | Level 2
Fair value measurements
Financial assets, at fair value	$ 2,600,000	$ 2,600,000	$ 800,000

Commitments (Details)

Commitments (Details) lb in Millions	1 Months Ended	6 Months Ended
	Nov. 30, 2021	Jun. 30, 2022 $ / oz oz t	Jun. 30, 2022	Jun. 30, 2022 $ / oz	Jun. 30, 2022 t	Jun. 30, 2022 lb	Jun. 30, 2022 USD ($)	Jun. 30, 2022 $ / shares	Jun. 01, 2021 USD ($)
Antamina
Commitments
Attributable payable production of gold to be purchased (as a percent)			0%
Attributable payable production of silver to be purchased (as a percent)			22.50%
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of silver (as a percent)			5%
Term of agreement		40 years
Fixed silver payability (as a percent)		90%
Percentage of reduction in spot price after maximum ounces of silver have been delivered under the stream agreement		15%
Maximum ounces of silver on which on-going price of spot price is payable		86,000,000
Purchase price per ounce of silver as a percent of average or spot price upon initial delivery		5%
Antapaccay
Commitments
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				20
Payment for each ounce of silver (in dollars per ounce) | $ / oz				20
Term of agreement		40 years
Percentage of reduction in spot price after maximum ounces of silver have been delivered under the stream agreement		30%
Maximum ounces of silver on which on-going price of spot price is payable		12,800,000
Purchase price per ounce of silver as a percent of average or spot price upon initial delivery		20%
Ounces of gold receivable for each 1,000 tonnes of copper		300
Copper for 300 ounces of gold		1,000
Quantity of delivered gold ounces before payable production to be purchased decreases to next threshold from initial threshold		630,000
Percentage of gold receivable after initial threshold is achieved		30%
Ounces of silver receivable for each 1,l000 tonnes of copper		4,700
Copper for 4,700 ounces of silver | t					1,000
Maximum ounces of silver receivable		10,000,000
Percentage of spot price of gold on which on-going price is paid		20%
Maximum ounces of gold on which on-going price of spot price is payable		750,000
Percentage of spot price of gold on which on-going price is paid after maximum ounces have been delivered		30%
Percentage of spot price of silver on which on-going price is paid after maximum ounces have been delivered		30%
Candelaria
Commitments
Attributable payable production of gold to be purchased (as a percent)			68%
Attributable payable production of silver to be purchased (as a percent)			68%
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				400
Payment for each ounce of silver (in dollars per ounce) | $ / oz				4
Term of agreement		40 years
Percentage of reduction in spot price after maximum ounces of silver have been delivered under the stream agreement		40%
Maximum ounces of silver on which on-going price of spot price is payable		12,000,000
Maximum ounces of gold on which on-going price of spot price is payable		720,000
Cobre Panama Fixed Payment Stream
Commitments
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				418
Payment for each ounce of silver (in dollars per ounce) | $ / oz				6.27
Term of agreement		40 years
Percentage of reduction in spot price after maximum ounces of silver have been delivered under the stream agreement		62.10%
Percentage of reduction in spot price after maximum ounces of gold have been delivered under the stream agreement		63.40%
Maximum ounces of silver on which on-going price of spot price is payable		21,510,000
Maximum ounces of silver on which on-going price of spot price is payable		9,842,000
Quantity of delivered gold ounces before payable production to be purchased decreases to next threshold from initial threshold		808,000
Purchase price per ounce of gold per ounce upon delivery initial post inflation adjustment | $							418.27
The mill through put number of consecutive days of commensurate		30 days
The annual capacity of tonnes per annum reached by period end. | t		58,000,000
Annual rate of return on upfront payments until the mill throughput is achieved		5%
The reduction of applicable fixed gold price per ounce (in dollar per ounce) | $ / oz		100
Quantity of delivered gold ounces before purchase decreases to next threshold from initial threshold		1,341,000
Purchase price per ounce of silver per ounce upon delivery initial post inflation adjustment | $ / shares								$ 6.27
Percentage of spot price of gold on which on-going price is paid after maximum ounces have been delivered		50%
Percentage of spot price of silver on which on-going price is paid after maximum ounces have been delivered		50%
Ounces of gold receivable per every 1 million pounds of copper produced		120				1
Copper for stated ounces of gold | lb						1
Copper pounds per gold ounces to purchase threshold 2		81
Maximum ounces of gold receivable for second threshold		1,716,188
Ounces of silver receivable per every 1 million pounds of copper produced | lb						1
Copper for stated ounces of silver | lb						1
Number of payable Silver ounces to be purchased per quantity of pounds of copper		1,776
Ounces of silver receivable per every 1 million pounds of copper produced		1,376
Ounces Of Silver Delivered Under Threshold 2 Before Committed Quantities Reduces		29,731,000
Cobre Panama Floating Payment Stream
Commitments
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				20
Payment for each ounce of silver (in dollars per ounce) | $ / oz				20
Term of agreement		40 years
Percentage of reduction in spot price after maximum ounces of silver have been delivered under the stream agreement		15.53%
Percentage of reduction in spot price after maximum ounces of gold have been delivered under the stream agreement		15.85%
Maximum ounces of silver on which on-going price of spot price is payable		9,618,000
Maximum ounces of silver on which on-going price of spot price is payable		2,460,500
Quantity of delivered gold ounces before payable production to be purchased decreases to next threshold from initial threshold		202,000
The mill through put number of consecutive days of commensurate		30 days
The annual capacity of tonnes per annum reached by period end. | t		58,000,000
Annual rate of return on upfront payments until the mill throughput is achieved		5%
The reduction of applicable fixed gold price per ounce (in dollar per ounce) | $ / oz		100
Maximum ounces of gold on which on-going price of spot price is payable		604,000
Percentage of spot price of gold on which on-going price is paid after maximum ounces have been delivered		50%
Percentage of spot price of silver on which on-going price is paid after maximum ounces have been delivered		50%
Ounces of gold receivable per every 1 million pounds of copper produced		30
Copper for stated ounces of gold | lb						1
Copper pounds per gold ounces to purchase threshold 2		20.25
Ounces of gold receivable per every 1 million pounds of copper produced | lb						1
Maximum ounces of gold receivable for second threshold		429,047
Ounces of silver receivable per every 1 million pounds of copper produced		344
Copper for stated ounces of silver | lb						1
Number of payable Silver ounces to be purchased per quantity of pounds of copper		444
Ounces of silver receivable per every 1 million pounds of copper produced | lb						1
Ounces Of Silver Delivered Under Threshold 2 Before Committed Quantities Reduces		7,432,750
Condestable
Commitments
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (as a percent)			20%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				20
Payment for each ounce of silver (as a percent)			20%
Payment for each ounce of silver (in dollars per ounce) | $ / oz				20
Term of agreement		40 years
Percentage of gold receivable after initial threshold is achieved		25%
Maximum ounces of silver receivable		291,000
Maximum ounces of gold receivable for first threshold		8,760
Deliveries of ounces of refined gold threshold		87,600
Refined gold delivery as percentage of production from stream area		63%
Deliveries of refined silver threshold ounces		2,910,000
Refined silver delivery as percentage of production from stream area		63%
Percentage of silver delivered after second phase		25%
Karma
Commitments
Attributable payable production of gold to be purchased (as a percent)			4.875%
Attributable payable production of silver to be purchased (as a percent)			0%
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				20
Term of agreement		40 years
Percentage of gold receivable after initial threshold is achieved		4.875%
Percentage of spot price of gold on which on-going price is paid		20%
Guadalupe-Palmarejo
Commitments
Attributable payable production of gold to be purchased (as a percent)			50%
Attributable payable production of silver to be purchased (as a percent)			0%
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				800
Term of agreement		40 years
Sabodala
Commitments
Attributable payable production of silver to be purchased (as a percent)			0%
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				20
Term of agreement		40 years
Maximum ounces of gold threshold		105,750
Percentage of gold receivable after initial threshold is achieved		6%
Percentage of spot price of gold on which on-going price is paid		20%
Maximum ounces of gold receivable (per month)		783.33
MWS
Commitments
Attributable payable production of gold to be purchased (as a percent)			25%
Attributable payable production of silver to be purchased (as a percent)			0%
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				400
Term of agreement		40 years
Ounces of gold capped under agreement		312,500
Cooke 4
Commitments
Attributable payable production of gold to be purchased (as a percent)			7%
Attributable payable production of silver to be purchased (as a percent)			0%
Attributable payable production of platinum group metals to be purchased (as a percent)			0%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				400
Term of agreement		40 years
Sudbury
Commitments
Attributable payable production of gold to be purchased (as a percent)			50%
Attributable payable production of silver to be purchased (as a percent)			0%
Attributable payable production of platinum group metals to be purchased (as a percent)			50%
Payment for each ounce of gold (in dollars per ounce) | $ / oz				400
Payment for each ounce of PGM (in dollars per ounce) | $ / oz				400
Term of agreement		40 years
Percentage of purchase commitment			50%
Sudbury | Gold spot price is greater than $800 per ounce but less than $1,333 per ounce
Commitments
Payment for each ounce of gold (in dollars per ounce) | $ / oz				800
Sudbury | Gold spot price is greater than $1,333 per ounce but less than $2,000 per ounce
Commitments
Payment for each ounce of gold (as a percent)			60%
Sudbury | Gold spot price is greater than $2,000
Commitments
Payment for each ounce of gold (in dollars per ounce) | $ / oz				1,200
Rosemont/Copper World royalty interest
Commitments
Capital commitments amount | $							$ 12,500,000
Net smelter royalty interest held	0.585%
Rio Baker Salares Norte
Commitments
Capital commitments amount | $							$ 8,000,000
Bottom | Sudbury | Gold spot price is greater than $800 per ounce but less than $1,333 per ounce
Commitments
Gold spot price per oz minimum threshold (in dollar per ounce) | $									800
Bottom | Sudbury | Gold spot price is greater than $1,333 per ounce but less than $2,000 per ounce
Commitments
Gold spot price per oz minimum threshold (in dollar per ounce) | $									1,333
Bottom | Sudbury | Gold spot price is greater than $2,000
Commitments
Gold spot price per oz minimum threshold (in dollar per ounce) | $									2,000
Top | Sudbury | Gold spot price is greater than $800 per ounce but less than $1,333 per ounce
Commitments
Gold spot price per oz maximum threshold (in dollar per ounce) | $									1,333
Top | Sudbury | Gold spot price is greater than $1,333 per ounce but less than $2,000 per ounce
Commitments
Gold spot price per oz maximum threshold (in dollar per ounce) | $									2,000

Contingencies (Details)

Contingencies (Details) $ in Millions, $ in Millions, $ in Millions							1 Months Ended						6 Months Ended				13 Months Ended
	Apr. 01, 2022 USD ($)	Apr. 01, 2022 CAD ($)	Dec. 21, 2021 USD ($)	Dec. 21, 2021 CAD ($)	Sep. 14, 2021 USD ($)	Sep. 14, 2021 CAD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Aug. 31, 2020 USD ($)	Aug. 31, 2020 CAD ($)	Oct. 31, 2019 USD ($)	Oct. 31, 2019 CAD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CAD ($)	Jun. 30, 2022 MXN ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 CAD ($)	Jun. 30, 2022 CAD ($)	Apr. 01, 2022 CAD ($)	Dec. 21, 2021 CAD ($)	Sep. 14, 2021 CAD ($)	Dec. 31, 2020 CAD ($)	Aug. 31, 2020 CAD ($)	Dec. 31, 2019 CAD ($)	Oct. 31, 2019 CAD ($)
Contingencies
Income taxes paid													$ 59.3			$ 51.3
Canada Revenue Agency Reassessment Action
Contingencies
Percentage of reassessed amount													50%	50%	50%
Canada Revenue Agency Reassessment Action | Reassessment for the 2014 and 2015 taxation years | Canada
Contingencies
Contingent liability recorded	$ 1.9																			$ 2.5
Provincial income taxes assessed	$ 6.6	$ 8.5			$ 7.8	$ 10					$ 1.1	$ 1.4
Percentage of security deposit for notice of objection against reassessment	50%				50%						50%									50%		50%				50%
Canada Revenue Agency Reassessment Action | Reassessment for the 2014 and 2015 taxation years | Barbados
Contingencies
Provincial income taxes assessed													$ 5.2	$ 6.7
Percentage of security deposit for notice of objection against reassessment								50%					50%						50%				50%
Canada Revenue Agency Reassessment Action | Tax Year 2013 Through 2015 | Mexico
Contingencies
Provincial income taxes assessed																	$ 19.7	$ 25.3
Tax rate (as a percent)								50%
Percentage of security deposit for notice of objection against reassessment																	50%								50%
Canada Revenue Agency Reassessment Action | Reassessment for the 2012 and 2013 | Barbados
Contingencies
Provincial income taxes assessed									$ 5.9	$ 7.7			$ 5.9	7.7
Percentage of security deposit for notice of objection against reassessment									50%															50%
Canada Revenue Agency Reassessment Action | Tax Year 2016 Through 2017 | Mexico
Contingencies
Provincial income taxes assessed			$ 3.6	$ 4.6
Percentage of security deposit for notice of objection against reassessment													50%						50%
Canada Revenue Agency Reassessment Action | Tax Year 2016 Through 2017 | Barbados
Contingencies
Provincial income taxes assessed			$ 30.9	$ 39.8
Percentage of security deposit for notice of objection against reassessment			50%																		50%
Canada Revenue Agency Reassessment Action | Tax Year 2013 Through 2016 | Mexico
Contingencies
Provincial income taxes assessed							$ 34.1						$ 23.3	$ 29.9	$ 490.3
Tax rate (as a percent)													30%	30%	30%
Canada Revenue Agency Reassessment Action | Tax Year 2018 Through 2021 | Canada
Contingencies
Provincial income taxes assessed													$ 34.3	$ 44.2
Canada Revenue Agency Reassessment Action | Tax Year 2018 Through 2021 | Barbados
Contingencies
Provincial income taxes assessed													166.6	214.7
Canada Revenue Agency Reassessment Action | Tax year 2014 through 2017 | Canada
Contingencies
Provincial income taxes assessed													15.5	19.9
Canada Revenue Agency Reassessment Action | Tax year 2014 through 2017 | Barbados
Contingencies
Provincial income taxes assessed													36.1	$ 46.5
Canada Revenue Agency Transfer Pricing Contingent Penalty | Reassessment for the 2014 and 2015 taxation years | Barbados
Contingencies
Contingent liability recorded								$ 1.9					1.9						$ 2.5				$ 2.5
Canada Revenue Agency Transfer Pricing Contingent Penalty | Reassessment for the 2013 and 2014 and 2015 taxation years | Mexico
Contingencies
Contingent liability recorded													8						10.3
Canada Revenue Agency Transfer Pricing Contingent Penalty | Tax Year 2016 | Mexico
Contingencies
Contingent liability recorded													1.3						1.7
Canada Revenue Agency Transfer Pricing Contingent Penalty | Tax Year 2013 Through 2015 | Mexico
Contingencies
Contingent liability recorded								$ 8															$ 10.3
Canada Revenue Agency Transfer Pricing Contingent Penalty | Tax Year 2016 Through 2017 | Mexico
Contingencies
Contingent liability recorded													1.3						1.7
Canada Revenue Agency Transfer Pricing Contingent Penalty | Tax Year 2016 Through 2017 | Barbados
Contingencies
Contingent liability recorded			$ 11.7										11.7						15.1		$ 15.1
Canada Revenue Agency Transfer Pricing Contingent Penalty | Tax Year 2018 Through 2021 | Canada
Contingencies
Contingent liability recorded					$ 34.3																	$ 44.2
Canada Revenue Agency Transfer Pricing Contingent Penalty | Tax Year 2018 Through 2021 | Barbados
Contingencies
Contingent liability recorded													62.9						81
Canada Revenue Agency interest and other penalties | Reassessment for the 2014 and 2015 taxation years | Canada
Contingencies
Contingent liability recorded					2.3						$ 0.2											2.9				$ 0.2
Canada Revenue Agency interest and other penalties | Reassessment for the 2014 and 2015 taxation years | Barbados
Contingencies
Contingent liability recorded													2.4						3.1
Canada Revenue Agency interest and other penalties | Tax Year 2013 Through 2015 | Canada
Contingencies
Contingent liability recorded																	$ 9.8
Canada Revenue Agency interest and other penalties | Tax Year 2013 Through 2015 | Mexico
Contingencies
Contingent liability recorded																									$ 12.7
Canada Revenue Agency interest and other penalties | Reassessment for the 2012 and 2013 | Barbados
Contingencies
Contingent liability recorded									$ 3.1				3.1						4					$ 4
Canada Revenue Agency interest and other penalties | Tax Year 2016 Through 2017 | Mexico
Contingencies
Contingent liability recorded			1.2																		1.5
Canada Revenue Agency interest and other penalties | Tax Year 2016 Through 2017 | Barbados
Contingencies
Contingent liability recorded			$ 9.3																		$ 11.9
Canada Revenue Agency interest and other penalties | Tax Year 2013 Through 2016 | Mexico
Contingencies
Contingent liability recorded													11						14.2
Canada Revenue Agency interest and other penalties | Tax Year 2018 Through 2021 | Canada
Contingencies
Contingent liability recorded					$ 3.4								3.4						4.3			$ 4.3
Canada Revenue Agency interest and other penalties | Tax Year 2018 Through 2021 | Barbados
Contingencies
Contingent liability recorded													16.4						21.1
Canada Revenue Agency interest and other penalties | Tax year 2014 through 2017 | Canada
Contingencies
Contingent liability recorded													4.4						5.6
Canada Revenue Agency interest and other penalties | Tax year 2014 through 2017 | Barbados
Contingencies
Contingent liability recorded													$ 11.7						$ 15