Agnico Eagle Mines Limited (AEM) 40-F 24 Mar 22 2021 FY Annual report (Canada) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2021shares
Document Information
Document Type	40-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Entity File Number	001-13422
Entity Registrant Name	AGNICO EAGLE MINES LIMITED
Entity Incorporation, State or Country Code	A6
Entity Tax Identification Number	98-0357066
Entity Address, Address Line One	145 King Street East, Suite 400
Entity Address, City or Town	Toronto
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5C 2Y7
Entity Address, State or Province	ON
City Area Code	416
Local Phone Number	947-1212
Title of 12(b) Security	Common Shares, without par value
Trading Symbol	AEM
Security Exchange Name	NYSE
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Common Stock, Shares Outstanding	245,001,857
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Central Index Key	0000002809
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	Ernst & Young LLP
Auditor Firm ID	1263
Auditor Location	Toronto, Canada
Business Contact [Member]
Document Information
Entity Address, Address Line One	900 Third Avenue, 24th Floor
Entity Address, City or Town	New York
Entity Address, Postal Zip Code	10022
Entity Address, State or Province	NY
City Area Code	212
Local Phone Number	588-5505
Contact Personnel Name	Davies Ward Phillips & Vineberg LLP

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 185,786	$ 402,527
Short-term investments	5,288	3,936
Trade receivables (Notes 6 and 19)	13,545	11,867
Inventories (Note 7)	878,944	630,474
Income taxes recoverable	7,674	3,656
Fair value of derivative financial instruments (Notes 6 and 21)	12,305	35,516
Other current assets (Note 8A)	198,846	159,212
Total current assets	1,302,388	1,247,188
Non-current assets:
Goodwill (Notes 23 and 24)	407,792	407,792
Property, plant and mine development (Notes 9 and 13)	7,646,281	7,325,418
Investments (Notes 6, 10 and 21)	343,509	375,103
Deferred income tax asset (Note 25)	133,608
Other assets (Note 8B)	353,198	259,254
Total assets	10,186,776	9,614,755
Current liabilities:
Accounts payable and accrued liabilities (Note 11)	414,673	363,801
Reclamation provision (Note 12)	7,547	15,270
Interest payable	12,303	12,184
Income taxes payable (Note 25)	47,213	102,687
Lease obligations (Note 13)	32,988	20,852
Current portion of long-term debt (Note 14)	225,000
Fair value of derivative financial instruments (Notes 6 and 21)	22,089	904
Total current liabilities	761,813	515,698
Non-current liabilities:
Long-term debt (Note 14)	1,340,223	1,565,241
Lease obligations (Note 13)	98,445	99,423
Reclamation provision (Note 12)	722,449	651,783
Deferred income and mining tax liabilities (Note 25)	1,212,750	1,036,061
Other liabilities (Note 15)	70,261	63,336
Total liabilities	4,205,941	3,931,542
EQUITY
Common shares (Note 16):Outstanding - 245,435,804 common shares issued, less 433,947 shares held in trust	5,863,512	5,751,479
Stock options (Notes 16 and 17)	191,112	175,640
Contributed surplus	37,254	37,254
Deficit	(165,319)	(366,412)
Other reserves (Note 18)	54,276	85,252
Total equity	5,980,835	5,683,213
Total liabilities and equity	10,186,776	9,614,755
Commitments and contingencies (Note 27)

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Common shares issued	245,435,804	243,301,195
Common shares held in trust	433,947	416,881

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
REVENUES
Revenues from mining operations (Note 19)	$ 3,823,878	$ 3,138,113
COSTS AND EXPENSES
Production(i)	1,756,688	1,424,152
Exploration and corporate development	152,514	113,492
Amortization of property, plant and mine development (Note 9)	738,129	631,101
General and administrative	142,003	116,288
Finance costs (Note 14)	92,042	95,134
Loss (gain) on derivative financial instruments (Note 21)	11,103	(107,873)
Environmental remediation (Note 12)	576	27,540
Foreign currency translation loss	5,672	22,480
Other expenses (Note 22)	21,742	48,234
Income before income and mining taxes	903,409	767,565
Income and mining taxes expense (Note 25)	360,400	255,958
Net income for the year	$ 543,009	$ 511,607
Net income per share - basic (Note 16)	$ 2.23	$ 2.12
Net income per share - diluted (Note 16)	2.22	2.10
Cash dividends declared per common share	$ 1.40	$ 0.95

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income for the year	$ 543,009	$ 511,607
Derivative financial instruments (Note 17)
Cash flow hedge reserve		(12,823)
Reclassified from the cash flow hedge reserve to net income	1,175	859
Cash flow hedge reserve, net of reclassification	1,175	(11,964)
Pension benefit obligations:
Remeasurement gain (loss) on pension benefit obligations (Note 15)	4,533	(2,721)
Income tax impact	(1,412)	812
Equity securities (Note 18):
Net change in fair value of equity securities	(42,162)	157,672
Income tax impact	4,954	(12,534)
Total other comprehensive income that will not be reclassified to profit or loss, net of tax	(34,087)	143,229
Other comprehensive (loss) income for the year	(32,912)	131,265
Comprehensive income for the year	$ 510,097	$ 642,872

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Common Shares Outstanding	Stock Options	Contributed Surplus	Deficit	Other Reserves.	Total
Balance at the beginning of the year at Dec. 31, 2019	$ 5,589,352	$ 180,160	$ 37,254	$ (647,330)	$ (47,922)	$ 5,111,514
Balance at the beginning of the year (in Shares) at Dec. 31, 2019	239,619,035
Net income				511,607		511,607
Other comprehensive (loss) income				(1,909)	133,174	131,265
Comprehensive income for the year				509,698	133,174	642,872
Shares issued under employee stock option plan (Notes 16 and 17A)	$ 110,928	(20,432)				90,496
Shares issued under employee stock option plan (Notes 16 and 17A) (in shares)	2,170,460
Stock options (Notes 16 and 17A)		15,912				15,912
Shares issued under incentive share purchase plan (Note 17B)	$ 20,740					20,740
Shares issued under incentive share purchase plan (Note 17B) (in Shares)	351,086
Shares issued under dividend reinvestment plan	$ 38,524					38,524
Shares issued under dividend reinvestment plan (in Shares)	611,859
Dividends declared				(228,780)		(228,780)
Restricted Share Unit plan, Performance Share Unit plan and Long Term Incentive Plan (Notes 16 and 17C,D)	$ (8,065)					(8,065)
Restricted Share Unit plan, Performance Share Unit plan and Long Term Incentive Plan (Notes 16 and 17C,D) (in shares)	131,874
Balance at the end of the year at Dec. 31, 2020	$ 5,751,479	175,640	37,254	(366,412)	85,252	5,683,213
Balance at the end of the year (in Shares) at Dec. 31, 2020	242,884,314
Net income				543,009		543,009
Other comprehensive (loss) income				3,121	(36,033)	(32,912)
Comprehensive income for the year				546,130	(36,033)	510,097
Transfer of loss on disposal of equity securities to deficit (Note 10)				(5,057)	5,057
Shares issued under employee stock option plan (Notes 16 and 17A)	$ 26,417	(4,710)				21,707
Shares issued under employee stock option plan (Notes 16 and 17A) (in shares)	471,765
Stock options (Notes 16 and 17A)		20,182				20,182
Shares issued under incentive share purchase plan (Note 17B)	$ 27,479					27,479
Shares issued under incentive share purchase plan (Note 17B) (in Shares)	497,767
Shares issued under dividend reinvestment plan	$ 64,891					64,891
Shares issued under dividend reinvestment plan (in Shares)	1,165,077
Dividends declared				(339,980)		(339,980)
Restricted Share Unit plan, Performance Share Unit plan and Long Term Incentive Plan (Notes 16 and 17C,D)	$ (6,754)					(6,754)
Restricted Share Unit plan, Performance Share Unit plan and Long Term Incentive Plan (Notes 16 and 17C,D) (in shares)	(17,066)
Balance at the end of the year at Dec. 31, 2021	$ 5,863,512	$ 191,112	$ 37,254	$ (165,319)	$ 54,276	$ 5,980,835
Balance at the end of the year (in Shares) at Dec. 31, 2021	245,001,857

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF EQUITY
Cash dividends declared per common share	$ 1.40	$ 0.95

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income for the year	$ 543,009	$ 511,607
Add (deduct) adjusting items:
Amortization of property, plant and mine development (Note 9)	738,129	631,101
Deferred income and mining taxes (Note 25)	178,588	75,756
Unrealized loss (gain) on currency and commodity derivatives (Note 21)	44,396	(30,079)
Unrealized loss (gain) on warrants	16,736	(82,003)
Stock-based compensation (Note 17)	57,799	54,486
Foreign currency translation loss	5,672	22,480
Other	12,868	27,781
Changes in non-cash working capital balances:
Trade receivables	(1,678)	(3,547)
Income taxes	(62,424)	77,922
Inventories	(185,090)	(82,949)
Other current assets	(31,353)	198
Accounts payable and accrued liabilities	(75)	(5,522)
Interest payable	(583)	(5,177)
Cash provided by operating activities	1,315,994	1,192,054
INVESTING ACTIVITIES
Additions to property, plant and mine development (Note 9)	(867,684)	(759,342)
Acquisition of TMAC, net of cash and cash equivalents (Note 5)	(185,898)
Advance to TMAC to fund repayment of debt (Note 5)	(105,000)
Payment to repurchase the Hope Bay royalty (Note 5)	(50,000)
Proceeds from sale of property, plant and mine development (Note 9)	2,696	936
Net (purchases) sales of short-term investments	(1,352)	2,069
Net proceeds from sale of equity securities	5,361	8,759
Purchases of equity securities and other investments	(39,889)	(45,234)
Payments for financial assets at amortized cost	(16,000)	(16,000)
Decrease in restricted cash	23,077
Cash used in investing activities	(1,234,689)	(808,812)
FINANCING ACTIVITIES
Proceeds from Credit Facility (Note 14)	595,000	1,075,000
Repayment of Credit Facility (Note 14)	(595,000)	(1,075,000)
Proceeds from Senior Notes issuance (Note 14)		200,000
Repayment of Senior Notes (Note 14)		(360,000)
Long-term debt financing costs (Note 13)	(2,553)	(1,597)
Repayment of lease obligations	(25,020)	(15,870)
Dividends paid	(275,158)	(190,255)
Repurchase of common shares for stock-based compensation plans (Notes 16 and 17C,D)	(34,606)	(39,622)
Proceeds on exercise of stock options (Note 17A)	21,707	90,656
Common shares issued (Note 16)	18,388	13,866
Cash used in financing activities	(297,242)	(302,822)
Effect of exchange rate changes on cash and cash equivalents	(804)	210
Net (decrease) increase in cash and cash equivalents during the year	(216,741)	80,630
Cash and cash equivalents, beginning of year	402,527	321,897
Cash and cash equivalents, end of year	185,786	402,527
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	85,109	95,119
Income and mining taxes paid	$ 246,084	$ 110,851

CORPORATE INFORMATION

CORPORATE INFORMATION	12 Months Ended
	Dec. 31, 2021
CORPORATE INFORMATION
CORPORATE INFORMATION	1. Agnico Eagle Mines Limited (“Agnico Eagle” or the “Company”) is principally engaged in the production and sale of gold, as well as related activities such as exploration and mine development. The Company’s mining operations are located in Canada, Mexico and Finland and the Company has exploration activities in Canada, Europe, Latin America and the United States. Agnico Eagle is a public company incorporated under the laws of the Province of Ontario, Canada with its head and registered office located at 145 King Street East, Suite 400, Toronto, Ontario, M5C 2Y7. The Company’s common shares are listed on the Toronto Stock Exchange and the New York Stock Exchange. Agnico Eagle sells its gold production into the world market. On February 8, 2022, the Company completed the acquisition of Kirkland Lake Gold Ltd. (“Kirkland”) (Note 28).

BASIS OF PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2021
BASIS OF PRESENTATION
BASIS OF PRESENTATION	2. BASIS OF PRESENTATION A) Statement of Compliance The accompanying consolidated financial statements of Agnico Eagle have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). These consolidated financial statements were authorized for issuance by the Board of Directors of the Company (the “Board”) on March 24, 2022. B) Basis of Presentation Overview These consolidated financial statements were prepared on a going concern basis under the historical cost method except for certain financial assets and liabilities which are measured at fair value. The consolidated financial statements are presented in US dollars and all values are rounded to the nearest thousand, except where otherwise indicated. Subsidiaries These consolidated financial statements include the accounts of Agnico Eagle and its consolidated subsidiaries. All intercompany balances, transactions, income and expenses and gains or losses have been eliminated on consolidation. Subsidiaries are consolidated where Agnico Eagle has the ability to exercise control. Control of an investee exists when Agnico Eagle is exposed to variable returns from the Company’s involvement with the investee and has the ability to affect those returns through its power over the investee. The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the elements of control. Joint Arrangements A joint arrangement is defined as an arrangement in which two or more parties have joint control. Joint control is the contractually agreed sharing of control over an arrangement between two or more parties. This exists only when the decisions about the relevant activities that significantly affect the returns of the arrangement require the unanimous consent of the parties sharing control. A joint operation is a joint arrangement whereby the parties have joint control of the arrangement and have rights to the assets and obligations for the liabilities relating to the arrangement. These consolidated financial statements include the Company’s interests in the assets, liabilities, revenues and expenses of the joint operations from the date that joint control commenced. Agnico Eagle’s 50% interest in each of Canadian Malartic Corporation (“CMC”) and Canadian Malartic GP (the “Partnership”), the general partnership that holds the Canadian Malartic mine located in Quebec, has been accounted for as a joint operation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A) Business Combinations In a business combination, the acquisition method of accounting is used, whereby the purchase consideration is allocated to the fair value of identifiable assets acquired and liabilities assumed at the date of acquisition. Where the cost of the acquisition exceeds the fair values of the identifiable net assets acquired, the difference is recorded as goodwill. Preliminary fair values allocated at a reporting date are finalized as soon as the relevant information is available, within a period not to exceed twelve months from the acquisition date with retroactive restatement of the impact of adjustments to those preliminary fair values effective as at the acquisition date. Acquisition related costs are expensed as incurred. B) Foreign Currency Translation The functional currency of the Company, for each subsidiary and for joint arrangements, is the currency of the primary economic environment in which it operates. The functional currency of all of the Company’s operations is the US dollar. Once the Company determines the functional currency of an entity, it is not changed unless there is a significant change in the relevant underlying transactions, events and circumstances. Any change in an entity’s functional currency is accounted for prospectively from the date of the change, and the consolidated balance sheets are translated using the exchange rate at that date. At the end of each reporting period, the Company translates foreign currency balances as follows: ● monetary items are translated at the closing rate in effect at the consolidated balance sheet date; ● non-monetary items that are measured in terms of historical cost are translated using the exchange rate at the date of the transaction. Items measured at fair value are translated at the exchange rate in effect at the date the fair value was measured; and ● revenue and expense items are translated using the average exchange rate during the period. C) Cash and Cash Equivalents The Company’s cash and cash equivalents include cash on hand and short-term investments in money market instruments with remaining maturities of three months or less at the date of purchase. The Company places its cash and cash equivalents and short-term investments in high quality securities issued by government agencies, financial institutions and major corporations and limits the amount of credit exposure by diversifying its holdings. Cash and cash equivalents are classified as financial assets measured at amortized cost. D) Short-term Investments The Company’s short-term investments include financial instruments with remaining maturities of greater than three months but less than one year at the date of purchase. Short-term investments are designated as financial assets measured at amortized cost, which approximates fair value given the short-term nature of these investments. E) Inventories Inventories consist of ore stockpiles, concentrates, dore bars and supplies. Inventories are carried at the lower of cost and net realizable value (“NRV”). Cost is determined using the weighted average basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Cost of inventories includes direct costs of materials and labour related directly to mining and processing activities, including production phase stripping costs, amortization of property, plant and mine development directly involved in the related mining and production process, amortization of any stripping costs previously capitalized and directly attributable overhead costs. When interruptions to production occur, an adjustment is made to the costs included in inventories, such that they reflect normal capacity. Abnormal costs are expensed in the period they are incurred. The current portion of ore stockpiles, ore on leach pads and inventories is determined based on the amounts expected to be processed within the next twelve months. Ore stockpiles, ore on leach pads and inventories not expected to be processed or used within the next twelve months are classified as long-term. NRV is estimated by calculating the net selling price less costs to be incurred in converting the relevant inventories to saleable product and delivering it to a customer. Costs to complete are based on management’s best estimate as at the consolidated balance sheet date. An NRV impairment may be reversed in a subsequent period if the circumstances that triggered the impairment no longer exist. F) Financial Instruments The Company’s financial assets and liabilities (financial instruments) include cash and cash equivalents, short-term investments, restricted cash, trade receivables, loans receivable, equity securities, share purchase warrants, accounts payable and accrued liabilities, long-term debt and derivative financial instruments. Financial instruments are recorded at fair value and classified at initial recognition and subsequently measured at amortized cost, fair value through other comprehensive income (“FVOCI”), or fair value through profit or loss (“FVPL”). Subsequent to initial recognition, financial instruments classified as cash and cash equivalents, short-term investments, loans receivable, accounts payable and accrued liabilities, and long-term debt are measured at amortized cost using the effective interest method. Other financial instruments are recorded at fair value subsequent to initial recognition. Equity Securities The Company’s equity securities consist primarily of investments in common shares of entities in the mining industry recorded using trade date accounting. On initial recognition of an equity investment, the Company may irrevocably elect to measure the investment at FVOCI where changes in the fair value of equity securities are permanently recognized in other comprehensive income and will not be reclassified to profit or loss. The realized gain or loss is reclassified from other comprehensive income to the deficit when the asset is de-recognized. The election is made on an investment-by-investment basis. Derivative Instruments and Hedge Accounting The Company uses derivative financial instruments (primarily option and forward contracts) to manage exposure to fluctuations in by-product metal prices, interest rates, and foreign currency exchange rates and may use such means to manage exposure to certain input costs. The Company recognizes all derivative financial instruments in the consolidated financial statements at fair value and they are classified based on contractual maturity. Derivative instruments are classified as either hedges of highly probable forecast transactions (cash flow hedges) or non-hedge derivatives. Derivatives designated as a cash flow hedge that are expected to be highly effective in achieving offsetting changes in cash flows are assessed on an ongoing basis to determine that they have actually been highly effective throughout the financial reporting periods for which they were designated. Derivative assets and derivative liabilities are shown separately in the consolidated balance sheets unless there is a legal right to offset and intent to settle on a net basis. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income. The gain or loss relating to the ineffective portion is recognized in the gain or loss on derivative financial instruments line item in the consolidated statements of income. Amounts deferred in other comprehensive income are reclassified when the hedged transaction has occurred. Derivative instruments that do not qualify for hedge accounting are recorded at fair value at the balance sheet date, with changes in fair value recognized in the gain or loss on derivative financial instruments line item in the consolidated statements of income (FVPL). The Company also holds share purchase warrants of certain publicly traded entities where it has an investment in equity securities. Share purchase warrants are accounted for as derivative financial instruments and presented as part of investments in the consolidated balance sheets. Expected Credit Loss Impairment Model An assessment of the expected credit loss related to a financial asset is undertaken upon initial recognition and at the end of each reporting period based on the credit quality of the debtor and any changes that impact the risk of impairment. G) Goodwill Goodwill is recognized in a business combination if the cost of the acquisition exceeds the fair values of the identifiable net assets acquired. Goodwill is then allocated to the cash generating unit (“CGU”) or group of CGUs that are expected to benefit from the synergies of the combination. A CGU is the smallest identifiable group of assets that generates cash inflows which are largely independent of the cash inflows from other assets or groups of assets. The Company performs goodwill impairment tests on an annual basis as at December 31 each year. In addition, the Company assesses for indicators of impairment at each reporting period-end and, if an indicator of impairment is identified, goodwill is tested for impairment at that time. If the carrying value of the CGU or group of CGUs to which goodwill is assigned exceeds its recoverable amount, an impairment loss is recognized. Goodwill impairment losses are recorded in the consolidated statements of income and they are not subsequently reversed. The recoverable amount of a CGU or group of CGUs is measured as the higher of value in use and fair value less costs of disposal. H) Mining Properties, Plant and Equipment and Mine Development Costs Mining Properties The cost of mining properties includes the fair value attributable to proven and probable mineral reserves and mineral resources acquired in a business combination or asset acquisition, underground mine development costs, deferred stripping, capitalized exploration and evaluation costs and capitalized borrowing costs. Significant payments related to the acquisition of land and mineral rights are capitalized as mining properties at cost. If a mineable ore body is discovered, such costs are amortized to income when commercial production commences, using the units-of-production method, based on estimated proven and probable mineral reserves and the mineral resources included in the current life of mine plan. If no mineable ore body is discovered, such costs are expensed in the period in which it is determined that the property has no future economic value. Cost components of a specific project that are included in the capital cost of the asset include salaries and wages directly attributable to the project, supplies and materials used in the project, and incremental overhead costs that can be directly attributable to the project. Assets under construction are not amortized until the earlier of the end of the construction period or once commercial production is achieved. Upon achieving the production stage, the capitalized construction costs are transferred to the appropriate category within property, plant and mine development. Plant and Equipment Expenditures for new facilities and improvements that can extend the useful lives of existing facilities are capitalized as plant and equipment at cost. The cost of an item of plant and equipment includes: its purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates; any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management; and the estimate of the costs of dismantling and removing the item and restoring the site on which it is located other than costs that arise as a consequence of having used the item to produce inventories during the period. An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statements of income when the asset is derecognized. Amortization of an asset begins when the asset is in the location and condition necessary for it to operate in the manner intended by management. Amortization ceases at the earlier of the date the asset is classified as held for sale or the date the asset is derecognized. Assets under construction are not amortized until the earlier of the end of the construction period or once commercial production is achieved. Amortization is charged according to either the units-of-production method or on a straight line basis, according to the pattern in which the asset’s future economic benefits are expected to be consumed. Amortization does not cease when an asset becomes idle or is retired from active use unless the asset is fully amortized; however, under the units-of-production method of amortization, the amortization charge can be zero when there is no production. The amortization method applied to an asset is reviewed at least annually. Useful lives of property, plant and equipment are based on the lesser of the estimated mine lives as determined by proven and probable mineral reserves and the mineral resources included in the current life of mine plan and the estimated useful life of the asset. Remaining mine lives at December 31, 2021 range from an estimated 3 The following table sets out the useful lives of certain assets: ​ ​ ​ ​ ​ Useful Life Buildings ​ 5 to 30 years Leasehold Improvements ​ 15 years Software and IT Equipment ​ 1 to 10 years Furniture and Office Equipment ​ 3 to 5 years Machinery and Equipment ​ 1 to 30 years ​ Mine Development Costs Mine development costs incurred after the commencement of commercial production are capitalized when they are expected to have a future economic benefit. Activities that are typically capitalized include costs incurred to build shafts, drifts, ramps and access corridors which enables the Company to extract ore underground. The Company records amortization on underground mine development costs on a units-of-production basis based on the estimated tonnage of proven and probable mineral reserves and the mineral resources included in the current life of mine plan of the identified component of the ore body. The units-of-production method defines the denominator as the total tonnage of proven and probable mineral reserves and the mineral resources included in the current life of mine plan. Deferred Stripping In open pit mining operations, it is necessary to remove overburden and other waste materials to access ore from which minerals can be extracted economically. The process of mining overburden and waste materials is referred to as stripping. During the development stage of the mine, stripping costs are capitalized as part of the cost of building, developing and constructing the mine and are amortized once the mine has entered the production stage. During the production stage of a mine, stripping costs are recorded as a part of the cost of inventories unless these costs are expected to provide a future economic benefit and, in such cases, are capitalized to property, plant and mine development. Production stage stripping costs provide a future economic benefit when: ● It is probable that the future economic benefit ( e.g ., improved access to the ore body) associated with the stripping activity will flow to the Company; ● The Company can identify the component of the ore body for which access has been improved; and ● The costs relating to the stripping activity associated with that component can be measured reliably. Capitalized production stage stripping costs are amortized over the expected useful life of the identified component of the ore body that becomes more accessible as a result of the stripping activity. Borrowing Costs Borrowing costs are capitalized to qualifying assets. Qualifying assets are assets that take a substantial period of time to prepare for the Company’s intended use, which includes projects that are in the exploration and evaluation, development or construction stages. Borrowing costs attributable to the acquisition, construction or production of qualifying assets are added to the cost of those assets until such time as the assets are substantially ready for their intended use. All other borrowing costs are recognized as finance costs in the period in which they are incurred. Where the funds used to finance a qualifying asset form part of general borrowings, the amount capitalized is calculated using a weighted average of rates applicable to the relevant borrowings during the period. I) Leases At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company assesses whether: ● The contract involves the use of an explicitly or implicitly identified asset; ● The Company has the right to obtain substantially all of the economic benefits from the use of the asset throughout the contract term; ● The Company has the right to direct the use of the asset. The Company recognizes a right-of-use asset and a lease obligation at the commencement date of the lease (i.e. the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease obligations. The cost of right-of-use assets includes the initial amount of lease obligations recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the right-of-use assets are depreciated on a straight-line basis over the shorter of the estimated useful life and the lease term. Right-of-use assets are subject to impairment. At the commencement date of the lease, the Company recognizes lease obligations measured at the present value of lease payments to be made over the lease term, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate. The lease payments include fixed payments, variable lease payments that depend on an index or a rate, amounts expected to be paid under residual value guarantees and the exercise price of a purchase option reasonably certain to be exercised by the Company. After the commencement date, the amount of lease obligations is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease obligations is remeasured if there is a modification, a change in the lease term, a change in the fixed lease payments, changes based on an index or rate or a change in the assessment to purchase the underlying asset. The Company presents right-of-use assets in the property, plant and mine development line item on the consolidated balance sheets and lease obligations in the lease obligations line item on the consolidated balance sheets. The Company has elected not to recognize right-of-use assets and lease obligations for leases that have a lease term of 12 months or less and do not contain a purchase option, for leases related to low value assets, or for leases with variable lease payments. Payments on short-term leases, leases of low value assets, and leases with variable payment amounts are recognized as an expense in the consolidated statements of income. J) Development Stage Expenditures Development stage expenditures are costs incurred to obtain access to proven and probable mineral reserves or mineral resources and provide facilities for extracting, treating, gathering, transporting and storing the minerals. The development stage of a mine commences when the technical feasibility and commercial viability of extracting the mineral resource has been determined. Costs that are directly attributable to mine development are capitalized as property, plant and mine development to the extent that they are necessary to bring the property to commercial production. Abnormal costs are expensed as incurred. Indirect costs are included only if they can be directly attributed to the area of interest. General and administrative costs are capitalized as part of the development expenditures when the costs are directly attributed to a specific mining development project. Revenue from metal sales prior to the achievement of commercial production is deducted from mine development costs in the consolidated balance sheets and is not included in revenue from mining operations. Commercial Production A mine construction project is considered to have entered the production stage when the mine construction assets are available for use. In determining whether mine construction assets are considered available for use, the criteria considered include, but are not limited to, the following: ● completion of a reasonable period of testing mine plant and equipment; ● ability to produce minerals in saleable form (within specifications); and ● ability to sustain ongoing production of minerals. When a mine construction project moves into the production stage, amortization commences, the capitalization of certain mine construction costs ceases and expenditures are either capitalized to inventories or expensed as incurred. Exceptions include costs incurred for additions or improvements to property, plant and mine development and open-pit stripping activities. K) Impairment and Impairment Reversal of Long-lived Assets At the end of each reporting period the Company assesses whether there is any indication that long-lived assets other than goodwill may be impaired. If an indicator of impairment exists, the recoverable amount of the asset is calculated in order to determine if any impairment loss is required. If it is not possible to estimate the recoverable amount of the individual asset, assets are grouped at the CGU level for the purpose of assessing the recoverable amount. An impairment loss is recognized for any excess of the carrying amount of the CGU over its recoverable amount. If the CGU includes goodwill, the impairment loss related to a CGU is first allocated to goodwill and the remaining loss is allocated on a pro-rata basis to the remaining long-lived assets of the CGU based on their carrying amounts. Impairment losses are recorded in the consolidated statements of income in the period in which they occur. Any impairment charge that is taken on a long-lived asset other than goodwill is reversed if there are subsequent changes in the estimates or significant assumptions that were used to recognize the impairment loss that result in an increase in the recoverable amount of the CGU. If an indicator of impairment reversal has been identified, the recoverable amount of the asset is calculated in order to determine if any impairment reversal is required. A recovery is recognized to the extent the recoverable amount of the asset exceeds its carrying amount. The amount of the reversal is limited to the difference between the current carrying amount and the amount which would have been the carrying amount had the earlier impairment not been recognized and amortization of that carrying amount had continued. The impairment reversal is allocated on a pro-rata basis to the existing long-lived assets of the CGU based on their carrying amounts. Impairment reversals are recorded in the consolidated statements of income in the period in which they occur. L) Debt Debt is initially recorded at fair value, net of financing costs incurred. Debt is subsequently measured at amortized cost. Any difference between the amounts received and the redemption value of the debt is recognized in the consolidated statements of income over the period to maturity using the effective interest rate method. M) Reclamation Provisions Asset retirement obligations (“AROs”) arise from the acquisition, development and construction of mining properties and plant and equipment due to government controls and regulations that protect the environment on the closure and reclamation of mining properties. The major parts of the carrying amount of AROs relate to tailings and heap leach pad closure and rehabilitation, demolition of buildings and mine facilities, ongoing water treatment and ongoing care and maintenance of closed mines. The Company recognizes an ARO at the time the environmental disturbance occurs or a constructive obligation is determined to exist based on the Company’s best estimate of the timing and amount of expected cash flows expected to be incurred. When the ARO provision is recognized, the corresponding cost is capitalized to the related item of property, plant and mine development. Reclamation provisions that result from disturbance in the land to extract ore in the current period is included in the cost of inventories. The timing of the actual environmental remediation expenditures is dependent on a number of factors such as the life and nature of the asset, the operating licence conditions and the environment in which the mine operates. Reclamation provisions are measured at the expected value of future cash flows discounted to their present value using a risk-free interest rate. AROs are adjusted each period to reflect the passage of time (accretion). Accretion expense is recorded in finance costs each period. Upon settlement of an ARO, the Company records a gain or loss if the actual cost differs from the carrying amount of the ARO. Settlement gains or losses are recorded in the consolidated statements of income. Expected cash flows are updated to reflect changes in facts and circumstances. The principal factors that can cause expected cash flows to change are the construction of new processing facilities, changes in the quantities of material in mineral reserves and mineral resources and a corresponding change in the life of mine plan, changing ore characteristics that impact required environmental protection measures and related costs, changes in water quality that impact the extent of water treatment required and changes in laws and regulations governing the protection of the environment. Each reporting period, provisions for AROs are remeasured to reflect any changes to significant assumptions, including the amount and timing of expected cash flows and risk-free interest rates. Changes to the reclamation provision resulting from changes in estimate are added to or deducted from the cost of the related asset, except where the reduction of the reclamation provision exceeds the carrying value of the related assets in which case the asset is reduced to nil and the remaining adjustment is recognized in the consolidated statements of income. Environmental remediation liabilities (“ERLs”) are differentiated from AROs in that ERLs do not arise from environmental contamination in the normal operation of a long-lived asset or from a legal or constructive obligation to treat environmental contamination resulting from the acquisition, construction or development of a long-lived asset. The Company is required to recognize a liability for obligations associated with ERLs arising from past acts. ERLs are measured by discounting the expected related cash flows using a risk-free interest rate. The Company prepares estimates of the timing and amount of expected cash flows when an ERL is incurred. Each reporting period, the Company assesses cost estimates and other assumptions used in the valuation of ERLs to reflect events, changes in circumstances and new information available. Changes in these cost estimates and assumptions have a corresponding impact on the value of the ERL. Any change in the value of ERLs results in a corresponding charge or credit to the consolidated statements of income. Upon settlement of an ERL, the Company records a gain or loss if the actual cost differs from the carrying amount of the ERL in the consolidated statements of income. N) Post-employment Benefits In Canada, the Company maintains a defined contribution plan covering all of its employees (the ”Basic Plan”). The Basic Plan is funded by Company contributions based on a percentage of income for services rendered by employees. In addition, the Company has a supplemental plan for designated executives at the level of Vice-President or above (the ”Supplemental Plan”). Under the Supplemental Plan, an additional 10.0% of the designated executives’ income is contributed by the Company. The Company provides a defined benefit retirement program (the “Retirement Program”) for certain eligible employees that provides a lump-sum payment upon retirement. The payment is based on age and length of service at retirement. An eligible employee is entitled to a benefit if they have completed more than 10 years as a permanent employee and have attained a minimum age of 57. The Retirement Program is not funded. The Company also provides a non-registered supplementary executive retirement defined benefit plan for certain current and former senior officers (the ”Executives Plan”). The Executives Plan benefits are generally based on the employee’s years of service and level of compensation. Pension expense related to the Executives Plan is the net of the cost of benefits provided (including the cost of any benefits provided for past service), the net interest cost on the net defined liability/asset, and the effects of settlements and curtailments related to special events. Pension fund assets are measured at their current fair values. The costs of pension plan improvements are recognized immediately in expense when they occur. Remeasurements of the net defined benefit liability are recognized immediately in other comprehensive income and are subsequently transferred to retained earnings. The Company provides three defined benefit retirement plans for certain eligible employees in Mexico (the “Mexico Plans”) that provide a lump-sum payment upon retirement. The payment is based on age and length of service at retirement. Eligible employees are entitled to a benefit if they have completed 15 years of service as a permanent employee and are 60 years of age or older. The Mexico Plans are not funded. Defined Contribution Plan The Company recognizes the contributions payable to a defined contribution plan in exchange for services rendered by employees as an expense, unless another policy requires or permits the inclusion of the contribution in the cost of an asset. After deducting contributions already paid, a liability is recorded throughout each period to reflect unpaid but earned contributions. If the contribution paid exceeds the contribution due for the service before the end of the reporting period, the Company recognizes that excess as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Defined Benefit Plan Plan assets are measured at their fair value at the consolidated balance sheet date and are deducted from the present value of plan liabilities to arrive at a net defined benefit liability/asset. The defined benefit obligation reflects the expected future payments required to settle the obligation resulting from employee service in the current and prior periods. Current service cost represents the actuarially calculated present value of the benefits earned by the active employees in each period and reflects the economic cost for each period based on current market conditions. The current service cost is based on the most recent actuarial valuation. The net interest on the net defined benefit liability/asset is the change during the period in the defined benefit liability/asset that arises from the passage of time. Past service cost represents the change in the present value of the defined benefit obligation resulting from a plan amendment or curtailment. Past service costs from plan amendments that increase or decrease vested or unvested benefits are recognized immediately in net income at the earlier of when the related plan amendment occurs or when the entity recognizes related restructuring costs or termination benefits. Gains or losses on plan settlements are measured as the difference in the present value of the defined benefit obligation and settlement price. This results in a gain or l

SIGNIFICANT JUDGMENTS, ESTIMATE

SIGNIFICANT JUDGMENTS, ESTIMATES AND ASSUMPTIONS	12 Months Ended
	Dec. 31, 2021
SIGNIFICANT JUDGMENTS, ESTIMATES AND ASSUMPTIONS
SIGNIFICANT JUDGMENTS, ESTIMATES AND ASSUMPTIONS	4. SIGNIFICANT JUDGMENTS, ESTIMATES AND ASSUMPTIONS The preparation of these consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Management believes that the estimates used in the preparation of the consolidated financial statements are reasonable; however, actual results may differ materially from these estimates. The key areas where significant judgments, estimates and assumptions have been made are summarized below. Uncertainty due to the COVID-19 Pandemic The duration and full financial effect of the COVID-19 pandemic is unknown at this time, as are the measures taken by governments, the Company or others related to the COVID-19 pandemic. Any estimate of the length and severity of these developments is therefore subject to significant uncertainty, and accordingly estimates of the extent to which the COVID-19 pandemic may materially and adversely affect the Company's operations, financial results and condition in future periods are also subject to significant uncertainty. ​ Inputs and assumptions relate to, among other things, interest rates, foreign exchange rates, cost of capital, commodity prices, and the amount and timing of future cash flows, while accounting judgments take into consideration the business and economic uncertainties related to the COVID-19 pandemic and the future response of governments, the Company and others to those uncertainties. In the current environment, the inputs, assumptions and judgements are subject to greater variability than normal, which could in the future significantly affect judgments, estimates and assumptions made by management as they relate to potential impact of the COVID-19 pandemic on various financial accounts and note disclosures and could lead to a material adjustment to the carrying value of the assets or liabilities affected. The impact of current uncertainty on judgments, estimates and assumptions includes the Company's valuation of the long-term assets (including the assessment for impairment and impairment reversal), estimation of reclamation provisions, estimation of mineral reserves and mineral resources, and estimation of income and mining taxes. Actual results may differ materially from these estimates. Impairment and Impairment Reversals The Company evaluates each asset or CGU (excluding goodwill, which is assessed for impairment annually regardless of indicators and is not eligible for impairment reversals) in each reporting period to determine if any indicators of impairment or impairment reversal exist. When completing an impairment test, the Company calculates the estimated recoverable amount of CGUs, which requires management to make estimates and assumptions with respect to items such as future production levels, operating and capital costs, long-term commodity prices, foreign exchange rates, discount rates, amounts of recoverable reserves, mineral resources and exploration potential and closure and environmental remediation costs. These estimates and assumptions are subject to risk and uncertainty, particularly in circumstances where there is limited operating history of the asset or CGU. Judgment is also required in determining the appropriate valuation method for mineralization and ascribing anticipated economics to mineralization in cases where only limited or no comprehensive economic study has been completed. Therefore, there is a possibility that changes in circumstances will have an impact on these projections, which may impact the recoverable amount of assets or CGUs. Accordingly, it is possible that some or the entire carrying amount of the assets or CGUs may be further impaired or the impairment charge reversed with the impact recognized in the consolidated statements of income. Mineral Reserve and Mineral Resource Estimates Mineral reserves and mineral resources are estimates of the amount of ore that can be extracted from the Company’s mining properties. The estimates are based on information compiled by “qualified persons” as defined under the Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects resources is based upon factors such as estimates of commodity prices, future capital requirements and production costs, geological and metallurgical assumptions and judgments made in estimating the size and grade of the ore body and foreign exchange rates. As the economic assumptions used may change and as additional geological information is acquired during the operation of a mine, estimates of proven and probable mineral reserves may change. Such changes may affect the Company’s consolidated balance sheets and consolidated statements of income, including: ● The carrying value of the Company’s property, plant and mine development and goodwill may be affected due to changes in estimated future cash flows; ● Amortization charges in the consolidated statements of income may change where such charges are determined using the units-of-production method or where the useful life of the related assets change; ● Capitalized stripping costs recognized in the consolidated balance sheets as either part of mining properties or as part of inventories or charged to income may change due to changes in the ratio of ore to waste extracted; ● Reclamation provisions may change where changes to the mineral reserve and mineral resource estimates affect expectations about when such activities will occur and the associated cost of these activities; and ● Mineral reserve and mineral resource estimates are used to calculate the estimated recoverable amounts of CGUs for impairment tests of goodwill and non-current assets. Exploration and Evaluation Expenditures The application of the Company’s accounting policy for exploration and evaluation expenditures requires judgment to determine whether future economic benefits are likely to arise and whether activities have reached a stage where the technical feasibility and commercial viability of extracting the mineral resource is demonstrable. Production Stage of a Mine As each mine is unique, significant judgment is required to determine the date that a mine enters the commercial production stage. The Company considers the factors outlined in Note 3(J) to these consolidated financial statements to make this determination. Contingencies Contingencies can be either possible assets or possible liabilities arising from past events which, by their nature, will be resolved only when one or more uncertain future events occur or fail to occur. The assessment of the existence and potential impact of contingencies inherently involves the exercise of significant judgment and the use of estimates regarding the outcome of future events. Reclamation Provisions Environmental remediation costs will be incurred by the Company at the end of the operating life of the Company’s mining properties. Management assesses its reclamation provision each reporting period and when new information becomes available. The ultimate environmental remediation costs are uncertain and cost estimates can vary in response to many factors, including estimates of the extent and costs of reclamation activities, technological changes, regulatory changes, cost increases as compared to the inflation rate and changes in discount rates. These uncertainties may result in future actual expenditures differing from the amount of the current provision. As a result, there could be significant adjustments to the provisions established that would affect future financial results. The reclamation provision at each reporting date represents management’s best estimate of the present value of the future environmental remediation costs required. Business Combinations Business combinations are accounted for using the acquisition method of accounting. The allocation of the purchase price requires estimates as to the fair value of acquired assets and liabilities. The information necessary to measure the fair values as at the acquisition date of assets acquired and liabilities assumed requires management to make certain judgments and estimates, including but not limited to the most appropriate valuation methodology, estimates of mineral reserves and mineral resources and exploration potential of the assets acquired, value of resources outside LOM plans including assumptions for market values per ounce, future production levels, future operating costs, capital expenditures and closure costs, discount rates, future metal prices and long term foreign exchange rates. Changes to the preliminary measurements of assets and liabilities acquired may be retrospectively adjusted when new information is obtained until the final measurements are determined within one year of the acquisition date. Refer to note 5 for further details on acquisitions. Income and Mining Taxes Management is required to make estimates regarding the tax basis of assets and liabilities and related deferred income and mining tax assets and liabilities, amounts recorded for uncertain tax positions, the measurement of income and mining tax expense and estimates of the timing of repatriation of income. Several of these estimates require management to make assessments of future taxable profit and, if actual results are significantly different than the Company’s estimates, the ability to realize any deferred income and mining tax assets recorded on the consolidated balance sheets could be affected. Amortization Property, plant and mine development comprise a large portion of the Company’s total assets and as such the amortization of these assets has a significant effect on the Company’s consolidated financial statements. Amortization is charged according to the pattern in which an asset’s future economic benefits are expected to be consumed. The determination of this pattern of future economic benefits requires management to make estimates and assumptions about useful lives and residual values at the end of the asset’s useful life. Actual useful lives and residual values may differ significantly from current assumptions. Leases The Company applies judgment to determine the lease term for certain lease contracts that include renewal options. The assessment of whether the Company is reasonably certain to exercise such options impacts the lease term, which may significantly affect the amount of lease obligations and right-of-use assets recognized. Development Stage Expenditures The application of the Company’s accounting policy for development stage expenditures requires judgment to determine when the technical feasibility and commercial viability of extracting a mineral resource has been determined. Some of the factors that the Company may consider in its assessment of technical feasibility and commercial viability are set out below: ● The level of geological certainty of the mineral deposit; ● Life of mine plans or economic models to support the economic extraction of reserves and mineral resources; ● A preliminary economic assessment, prefeasibility study or feasibility study that demonstrates the reserves and mineral resources will generate a positive commercial outcome; ● Reasonable expectations that operating permits will be obtained; and ● Approval by the Board of development of the project. Joint Arrangements Judgment is required to determine when the Company has joint control of a contractual arrangement, which requires a continuous assessment of the relevant activities and when the decisions in relation to those activities require unanimous consent. Judgment is also continually required to classify a joint arrangement as either a joint operation or a joint venture when the arrangement has been structured through a separate vehicle. Classifying the arrangement requires the Company to assess its rights and obligations arising from the arrangement. Specifically, the Company considers the legal form of the separate vehicle, the terms of the contractual arrangement and other relevant facts and circumstances. This assessment often requires significant judgment, and a different conclusion on joint control, or whether the arrangement is a joint operation or a joint venture, may have a material impact on the accounting treatment. Management evaluated its joint arrangement with Yamana Gold Inc. to each acquire 50.0% of the shares of Osisko (now CMC) under the principles of IFRS 11 – Joint Arrangements. The Company concluded that the arrangement qualified as a joint operation upon considering the following significant factors: ● The joint operators are required to purchase all output from the investee and investee restrictions on selling the output to any third party; ● The parties to the arrangement are substantially the only source of cash flow contributing to the continuity of the arrangement; and ● If the selling price drops below cost, the joint operators are required to cover any obligations the Partnership cannot satisfy.

ACQUISITION

ACQUISITION	12 Months Ended
	Dec. 31, 2021
ACQUISITION
ACQUISITION	5. ACQUISITION TMAC On February 2, 2021, the Company completed the acquisition of all the issued and outstanding common shares and equity instruments exchangeable for common shares of TMAC under a plan of arrangement pursuant to the Business Corporations Act Management determined that the assets and processes comprised a business and therefore accounted for the transaction as a business combination using the acquisition method of accounting. The aggregate purchase consideration for the acquired assets, net of the liabilities assumed is as follows: ​ ​ ​ ​ ​ Purchase of TMAC common shares for C$2.20 per share $ 225,580 ​ A fair value approach was applied by management in developing estimates of the amounts of identifiable assets of TMAC acquired and liabilities assumed. These estimates of fair value have now been finalized and adjusted retrospectively to the acquisition date, as all relevant information about facts and circumstances that existed at the acquisition date have been received. The following table sets out the allocation of the purchase price to the assets acquired and liabilities assumed based on management’s previously reported preliminary estimates and adjusted final estimates of fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preliminary (i) Adjustments Adjusted Final Cash and cash equivalents ​ $ 39,682 ​ $ — ​ $ 39,682 Restricted cash ​ 21,796 ​ — ​ 21,796 Inventories ​ 84,576 ​ — ​ 84,576 Other current assets ​ 2,028 ​ — ​ 2,028 Property, plant and mine development ​ 206,507 ​ (23,397) ​ 183,110 Deferred income tax asset ​ 109,700 ​ 23,397 ​ 133,097 Accounts payable and accrued and other liabilities (ii) ​ (84,805) ​ — ​ (84,805) Advance due to Agnico Eagle ​ (105,000) ​ — ​ (105,000) Reclamation provision ​ (48,904) ​ — ​ (48,904) Total assets acquired, net of liabilities assumed ​ $ 225,580 ​ $ — ​ $ 225,580 Notes: (i) Preliminary estimates of the fair value of assets acquired and liabilities assumed are presented as reported in the Company’s condensed interim consolidated financial statements as at the acquisition date. (ii) Included $50.0 million payable to repurchase the Hope Bay 1.5% net smelter return royalty. Immediately prior to the closing of the transaction and in accordance with its terms, TMAC long-term debt was retired and the Company partially funded the repayment. The acquisition also triggered a one-time option for TMAC to buy-back a 1.5% net smelter return royalty on the Hope Bay property from Maverix Metals Inc. for $50.0 million, which was exercised prior to closing, with the payment made shortly after the acquisition date. The Company incurred acquisition-related costs of $2.9 million which are recorded in other expenses in the consolidated statements of income. The results of operations have been consolidated with those of the Company from the date of acquisition and included in the Hope Bay operating segment. Pro forma disclosures as if TMAC was acquired at the beginning of the fiscal year have not been presented as they are not considered material to the Company’s consolidated financial statements.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	12 Months Ended
	Dec. 31, 2021
FAIR VALUE MEASUREMENT
FAIR VALUE MEASUREMENT	6. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described, as follows, based on the lowest-level input that is significant to the fair value measurement as a whole: Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 - Quoted prices in markets that are not active or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and 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. Assets and Liabilities Measured at Fair Value on a Recurring Basis For items that are recognized at fair value on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by reassessing their classification at the end of each reporting period. During the year ended December 31, 2021, there were no transfers Level 1 Level 2 transfers into Level 3 The fair values of cash and cash equivalents, short-term investments, and accounts payable and accrued liabilities approximate their carrying values due to their short-term nature. The following table sets out the Company's financial assets and liabilities measured at fair value on a recurring basis as at December 31, 2021 using the fair value hierarchy: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Financial assets: ​ ​ ​ ​ ​ Trade receivables ​ $ — ​ $ 13,545 ​ $ — ​ $ 13,545 Equity securities (FVOCI) ​ ​ 244,876 ​ ​ 24,074 ​ ​ — ​ ​ 268,950 Share purchase warrants (FVPL) ​ ​ — ​ ​ 74,559 ​ ​ — ​ ​ 74,559 Fair value of derivative financial instruments ​ ​ — ​ ​ 12,305 ​ ​ — ​ ​ 12,305 Total financial assets ​ $ 244,876 ​ $ 124,483 ​ $ — ​ $ 369,359 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of derivative financial instruments ​ $ — ​ $ 22,089 ​ $ — ​ $ 22,089 Total financial liabilities ​ $ — ​ $ 22,089 ​ $ — ​ $ 22,089 ​ The following table sets out the Company’s financial assets and liabilities measured at fair value on a recurring basis as at December 31, 2020 using the fair value hierarchy: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Financial assets: ​ ​ ​ ​ ​ Trade receivables ​ $ — ​ $ 11,867 ​ $ — ​ $ 11,867 Equity securities (FVOCI) ​ 255,316 ​ 27,040 ​ — ​ 282,356 Share purchase warrants (FVPL) ​ ​ — ​ ​ 92,747 ​ ​ — ​ ​ 92,747 Fair value of derivative financial instruments ​ — ​ 35,516 ​ — ​ 35,516 Total financial assets ​ $ 255,316 ​ $ 167,170 ​ $ — ​ $ 422,486 Financial liabilities: ​ ​ ​ ​ ​ Fair value of derivative financial instruments ​ $ — ​ $ 904 ​ $ — ​ $ 904 Total financial liabilities ​ $ — ​ $ 904 ​ $ — ​ $ 904 ​ Valuation Techniques Trade Receivables Trade receivables from provisional invoices for concentrate sales are valued using quoted forward rates derived from observable market data based on the month of expected settlement (classified within Level 2 of the fair value hierarchy). Equity securities and share purchase warrants Equity securities representing shares of publicly traded entities are recorded at fair value using quoted market prices (classified within Level 1 of the fair value hierarchy). Equity securities representing shares of non-publicly traded entities are recorded at fair value using external broker-dealer quotations corroborated by option pricing models (classified within Level 2 of the fair value hierarchy). The Company also holds share purchase warrants of certain publicly traded entities where it has an investment in equity securities. Share purchase warrants are classified within Level 2 of the fair value hierarchy are recorded at fair value using option pricing models that utilize a variety of inputs that are a combination of quoted prices and market-corroborated inputs. Equity securities and share purchase warrants are presented in the investments line item in the consolidated balance sheets. Derivative Financial Instruments Derivative financial instruments classified within Level 2 of the fair value hierarchy are recorded at fair value using external broker-dealer quotations corroborated by option pricing models or option pricing models that utilize a variety of inputs that are a combination of quoted prices and market-corroborated inputs. Fair Value of Financial Assets and Liabilities Not Measured and Recognized at Fair Value Long-term debt is recorded on the consolidated balance sheets at December 31, 2021 at amortized cost. The fair value of long-term debt is determined by applying a discount rate, reflecting the credit spread based on the Company's credit rating to future related cash flows which is categorized within Level 2 of the fair value hierarchy. As at December 31, 2021, the Company's long-term debt had a fair value of $1,724.1 million (2020 - $1,824.3 million) (Note 14). Lease obligations are recorded on the consolidated balance sheets at December 31, 2021 at amortized cost. The fair value of lease obligations is the present value of the future lease payments discounted at the Company's current incremental borrowing rate. It is remeasured when there is a change in the lease term, future lease payments or changes in the assessment of whether the Company will exercise a purchase, extension or termination option. The fair value of lease obligations is not materially different from the carrying amounts as a result of the difference between the incremental borrowing rates used at the initial recognition date and the current market rates at December 31, 2021. ​ Loans receivable and other non-current receivables are included in the other asset line item in the consolidated balance sheets at amortized cost. The fair value of loans and other receivables is the present value of future cash inflows discounted at a market interest rate. The fair value of these financial assets is not materially different from the carrying amounts as at December 31, 2021 (Note 8B).

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2021
INVENTORIES
INVENTORIES	7. INVENTORIES ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Ore in stockpiles and on leach pads ​ $ 140,288 ​ $ 80,722 Concentrates and dore bars ​ 125,738 ​ 111,100 Supplies ​ 612,918 ​ 438,652 Total current inventories ​ $ 878,944 ​ $ 630,474 Non-current ore in stockpiles and on leach pads (Note 8B) (i) ​ 274,576 ​ 198,044 Total inventories ​ $ 1,153,520 ​ $ 828,518 Note: (i) The inventory balance associated with the ore that is not expected to be processed within 12 months is classified as non-current and is recorded in the other assets line item in the consolidated balance sheets. During the year ended December 31, 2021, a charge of $28.7 million (2020 - $23.5 million) was recorded within production costs to reduce the carrying value of inventories to their net realizable value.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2021
OTHER ASSETS
OTHER ASSETS	8. OTHER ASSETS A) Other Current Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Federal, provincial and other sales taxes receivable ​ $ 81,450 ​ $ 67,666 Prepaid expenses ​ 90,681 ​ 72,502 Other receivables ​ ​ 24,594 ​ ​ 17,299 Other ​ 2,121 ​ 1,745 Total other current assets ​ $ 198,846 ​ $ 159,212 ​ B) Other Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Non-current ore in stockpiles and on leach pads ​ $ 274,576 ​ $ 198,044 Non-current prepaid expenses ​ ​ 27,481 ​ ​ 26,945 Non-current loans receivable ​ ​ 37,942 ​ ​ 21,247 Non-current other receivables ​ ​ 10,098 ​ ​ 8,238 Other ​ 3,101 ​ 4,780 Total other assets ​ $ 353,198 ​ $ 259,254 ​ On December 18, 2019, the Company entered into a loan agreement with Orla Mining Ltd. (“Orla”) to provide a five year credit facility bearing interest at 8.8% per annum payable quarterly, maturing on December 18, 2024 and collateralized by certain mining assets of Orla. The aggregate loan amount is $40.0 million. The loan is accounted for at amortized cost using the effective interest rate method.

PROPERTY, PLANT AND MINE DEVELO

PROPERTY, PLANT AND MINE DEVELOPMENT	12 Months Ended
	Dec. 31, 2021
PROPERTY, PLANT AND MINE DEVELOPMENT
PROPERTY, PLANT AND MINE DEVELOPMENT	9. PROPERTY, PLANT AND MINE DEVELOPMENT ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mine ​ ​ ​ ​ Mining ​ Plant and ​ Development ​ ​ ​ ​ Properties ​ Equipment ​ Costs ​ Total As at December 31, 2019 ​ $ 2,008,551 ​ $ 3,187,795 ​ $ 1,807,319 ​ $ 7,003,665 Additions ​ 204,239 ​ 285,083 ​ 498,624 ​ 987,946 Disposals ​ — ​ (15,248) ​ — ​ (15,248) Amortization ​ (180,007) ​ (348,993) ​ (121,945) ​ (650,945) Transfers between categories ​ 126,630 ​ 117,062 ​ (243,692) ​ — As at December 31, 2020 ​ $ 2,159,413 ​ $ 3,225,699 ​ $ 1,940,306 ​ $ 7,325,418 Additions ​ ​ 76,403 ​ ​ 183,670 ​ ​ 684,804 ​ ​ 944,877 Acquisition (Note 5) ​ ​ 91,204 ​ ​ 91,906 ​ ​ — ​ ​ 183,110 Disposals ​ — ​ (13,603) ​ — ​ (13,603) Amortization ​ ​ (231,729) ​ ​ (414,353) ​ ​ (147,439) ​ ​ (793,521) Transfers between categories ​ (570) ​ 194,247 ​ (193,677) ​ — As at December 31, 2021 ​ $ 2,094,721 ​ $ 3,267,566 ​ $ 2,283,994 ​ $ 7,646,281 ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 3,680,992 ​ $ 6,528,830 ​ $ 2,798,411 ​ $ 13,008,233 Accumulated amortization and impairments ​ ​ (1,521,579) ​ ​ (3,303,131) ​ ​ (858,105) ​ ​ (5,682,815) Carrying value - December 31, 2020 ​ $ 2,159,413 ​ $ 3,225,699 ​ $ 1,940,306 ​ $ 7,325,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 3,833,970 ​ $ 6,942,383 ​ $ 3,289,532 ​ $ 14,065,885 Accumulated amortization and impairments ​ (1,739,249) ​ (3,674,817) ​ (1,005,538) ​ (6,419,604) Carrying value - December 31, 2021 ​ $ 2,094,721 ​ $ 3,267,566 ​ $ 2,283,994 ​ $ 7,646,281 ​ During the year ended December 31, 2021, net additions to Plant and Equipment included $41.0 million of right-of-use assets for lease arrangements entered into during the year (2020 - $9.7 million). As at December 31, 2021, major assets under construction, and therefore not yet being depreciated, included in the carrying value of property, plant and mine development was $579.3 million (2020 - $387.6 million). During the year ended December 31, 2021, the Company produced and sold pre-commercial production ounces of gold from the Tiriganiaq open pit deposit at the Meliadine mine and the Amaruq underground project at the Meadowbank Complex. The Company deducts revenues from mining operations earned prior to commercial production from the cost of the related property, plant and mine development. During the year ended December 31, 2021, the Company earned $45.7 million of pre-commercial production revenue (2020 - $59.2 million). During the year ended December 31, 2021, the Company disposed of property, plant and mine development with a carrying value of $13.6 9.5 14.2 Geographic Information: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Canada ​ $ 5,529,486 ​ $ 5,166,239 Finland ​ 1,435,881 ​ 1,428,331 Sweden ​ ​ 13,812 ​ ​ 13,812 Mexico ​ 659,469 ​ 714,576 United States ​ 7,633 ​ 2,460 Total property, plant and mine development ​ $ 7,646,281 ​ $ 7,325,418 ​

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2021
INVESTMENTS
INVESTMENTS	10. INVESTMENTS ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, As at December 31, ​ ​ 2021 ​ 2020 Equity securities ​ $ 268,950 ​ $ 282,356 Share purchase warrants ​ 74,559 ​ 92,747 Total investments ​ $ 343,509 ​ $ 375,103 ​ The following table sets out details of the Company's investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, 2021 ​ ​ Share purchase ​ ​ ​ Equity securities ​ warrants ​ Total Orla Mining Ltd. ​ $ 89,974 ​ $ 26,317 ​ $ 116,291 Rupert Resources Ltd. ​ 76,883 ​ 42,768 ​ 119,651 White Gold Corp. ​ 17,403 ​ 99 ​ 17,502 Royal Road Minerals Ltd. ​ 12,849 ​ — ​ 12,849 Other (i) ​ 71,841 ​ 5,375 ​ 77,216 Total investments ​ $ 268,950 ​ $ 74,559 ​ $ 343,509 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, 2020 ​ ​ Share purchase ​ ​ ​ ​ Equity securities ​ warrants ​ Total Orla Mining Ltd. ​ $ 113,460 ​ $ 47,329 ​ $ 160,789 Rupert Resources Ltd. ​ ​ 65,461 ​ ​ 39,280 ​ ​ 104,741 White Gold Corp. ​ 13,419 ​ — ​ 13,419 Royal Road Minerals Ltd. ​ ​ 12,801 ​ ​ — ​ ​ 12,801 Other (i) ​ 77,215 ​ 6,138 ​ 83,353 Total investments ​ $ 282,356 ​ $ 92,747 ​ $ 375,103 Note: (i) ​ Disposal of Equity Securities ​ During the year ended December 31, 2021, the Company sold its interest in certain equity securities as they no longer fit the Company’s investment strategy. The fair value at the time of sale was $4.3 million and the Company recognized a cumulative net loss on disposal of $5.9 million ($5.1 million, net of tax) which was transferred from other reserves to deficit in the consolidated balance sheets. ​ There were no disposals of equity securities in the year ended December 31, 2020.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2021
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	11. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Trade payables ​ $ 189,069 ​ $ 167,127 Wages payable ​ 70,584 ​ 58,068 Accrued liabilities ​ 104,551 ​ 95,860 Other liabilities ​ 50,469 ​ 42,746 Total accounts payable and accrued liabilities ​ $ 414,673 ​ $ 363,801 ​ In 2021 and 2020, the other liabilities balance consisted primarily of various employee benefits, employee payroll tax withholdings and other payroll taxes.

RECLAMATION PROVISION

RECLAMATION PROVISION	12 Months Ended
	Dec. 31, 2021
Reclamation
RECLAMATION PROVISION
RECLAMATION PROVISION	12. RECLAMATION PROVISION Agnico Eagle’s reclamation provision includes both asset retirement obligations and environmental remediation liabilities. Reclamation provision estimates are based on current legislation, third party estimates, management’s estimates and feasibility study calculations. Assumptions based on current economic conditions, which the Company believes are reasonable, have been used to estimate the reclamation provision. However, actual reclamation costs will ultimately depend on future economic conditions and costs for the necessary reclamation work. Changes in reclamation provision estimates during the period reflect changes in cash flow estimates as well as assumptions including discount and inflation rates.The discount rates used in the calculation of the reclamation provision at December 31, 2021 ranged between 0.36% and 1.56% (2020 – between – 0.10% The following table reconciles the beginning and ending carrying amounts of the Company’s asset retirement obligations. The settlement of the obligation is estimated to occur through to 2063. ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Asset retirement obligations - non-current, beginning of year ​ $ 635,648 ​ $ 419,417 Asset retirement obligations - current, beginning of year ​ 11,320 ​ 9,377 Current year additions and changes in estimate, net (i) ​ 72,181 ​ 198,843 Current year accretion ​ 6,554 ​ 3,502 Liabilities settled ​ (3,213) ​ (1,892) Foreign exchange revaluation ​ (10,985) ​ 17,721 Reclassification from non-current to current, end of year ​ (4,547) ​ (11,320) Asset retirement obligations - non-current, end of year ​ $ 706,958 ​ $ 635,648 Note: (i) Current year additions include $48.9 million related to the acquisition of TMAC. The following table reconciles the beginning and ending carrying amounts of the Company’s environmental remediation liability. The settlement of the obligation is estimated to occur through to 2032. ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Environmental remediation liability - non-current, beginning of year ​ $ 16,135 ​ $ 7,929 Environmental remediation liability - current, beginning of year ​ 3,950 ​ 3,078 Current year additions and changes in estimate, net ​ 1,048 ​ 10,480 Liabilities settled ​ (2,816) ​ (1,539) Foreign exchange revaluation ​ 174 ​ 137 Reclassification from non-current to current, end of year ​ (3,000) ​ (3,950) Environmental remediation liability - non-current, end of year ​ $ 15,491 ​ $ 16,135 ​

LEASES

LEASES	12 Months Ended
	Dec. 31, 2021
LEASES
LEASES	13. LEASES The Company is party to a number of contracts that contain a lease, most of which include office facilities, storage facilities, and various plant and equipment. Leases of low value assets, short term leases and leases with variable payments proportional to the rate of use of the underlying asset do not give rise to a lease obligation and a right-of-use asset, and expenses are included in operating costs in the consolidated statements of income. The following table sets out the carrying amounts of right-of-use assets included in property, plant and mine development in the consolidated balance sheets and the movements during the period: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, As at December 31, ​ ​ 2021 ​ 2020 Balance, beginning of year ​ $ 112,715 ​ $ 117,581 Additions and modifications, net of disposals (i) ​ 41,024 ​ 9,688 Amortization ​ (19,717) ​ (14,554) Balance, end of year ​ $ 134,022 ​ $ 112,715 Note: (i) Additions to right-of-use assets include $1.8 million related to the acquisition of TMAC. The following table sets out the lease obligations included in the consolidated balance sheets: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, As at December 31, ​ ​ 2021 ​ 2020 Current ​ $ 32,988 ​ $ 20,852 Non-current ​ 98,445 ​ 99,423 Total lease obligations ​ $ 131,433 ​ $ 120,275 ​ Future minimum lease payments required to meet obligations that have initial or remaining non-cancellable lease terms are set out in the table below. Because leases with variable lease payments do not give rise to fixed minimum lease payments, no amounts are included below for these leases. ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, As at December 31, ​ ​ 2021 ​ 2020 Within 1 year ​ $ 33,952 ​ $ 20,464 Between 1 - 3 years ​ 37,825 ​ 28,090 Between 3 - 5 years ​ 16,674 ​ 17,846 Thereafter ​ 47,807 ​ 57,301 Total undiscounted lease obligations ​ $ 136,258 ​ $ 123,701 ​ The Company recognized the following amounts in the consolidated statements of income with respect to leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Amortization of right-of-use assets ​ $ 19,717 ​ $ 14,554 Interest expense on lease obligations ​ $ 2,252 ​ $ 1,997 Variable lease payments not included in the measurement of lease obligations ​ $ 137,369 ​ $ 117,317 Expenses relating to short-term leases ​ $ 3,883 ​ $ 4,926 Expenses relating to leases of low value assets, excluding short-term leases of low value assets ​ $ 1,105 ​ $ 792 ​ During the year ended December 31, 2021, the Company recognized $290.8 million (2020 – $221.9 million) in the consolidated statements of cash flows with respect to leases.

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2021
LONG-TERM DEBT
LONG TERM DEBT	14. LONG-TERM DEBT ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Credit Facility (i)(ii) ​ $ (3,851) ​ $ (2,768) 2020 Notes (i)(iii) ​ ​ 198,585 ​ ​ 198,505 2018 Notes (i)(iii) ​ ​ 348,316 ​ ​ 348,145 2017 Notes (i)(iii) ​ 298,670 ​ 298,454 2016 Notes (i)(iii) ​ 349,053 ​ 348,790 2015 Note (i)(iii) ​ 49,755 ​ 49,690 2012 Notes (i)(iii) ​ 199,745 ​ 199,575 2010 Notes (i)(iii) ​ ​ 124,950 ​ ​ 124,850 Total debt ​ $ 1,565,223 ​ $ 1,565,241 Less: current portion ​ 225,000 ​ — Total long-term debt ​ $ 1,340,223 ​ $ 1,565,241 Notes: (i) Inclusive of unamortized deferred financing costs. (ii) There were no amounts outstanding under the Credit Facility (as defined below) as at December 31, 2021 and December 31, 2020. The December 31, 2021 and December 31, 2020 balances relate to deferred financing costs which are being amortized on a straight-line basis until the maturity date of December 22, 2026 (2020 – June 23, 2023). (iii) The terms 2020 Notes, 2018 Notes, 2017 Notes, 2016 Notes, 2015 Note, 2012 Notes and 2010 Notes are defined below. Scheduled Debt Principal Repayments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2023 ​ 2024 ​ 2025 ​ 2026 ​ Thereafter ​ Total 2020 Notes ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 200,000 ​ $ 200,000 2018 Notes ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 350,000 ​ ​ 350,000 2017 Notes ​ ​ — ​ ​ — ​ ​ — ​ ​ 40,000 ​ ​ — ​ ​ 260,000 ​ ​ 300,000 2016 Notes ​ ​ — ​ ​ 100,000 ​ ​ — ​ ​ — ​ ​ 200,000 ​ ​ 50,000 ​ ​ 350,000 2015 Note ​ — ​ — ​ — ​ 50,000 ​ — ​ — ​ 50,000 2012 Notes ​ 100,000 ​ — ​ 100,000 ​ — ​ — ​ — ​ 200,000 2010 Notes ​ 125,000 ​ — ​ — ​ — ​ — ​ — ​ 125,000 Total ​ $ 225,000 ​ $ 100,000 ​ $ 100,000 ​ $ 90,000 ​ $ 200,000 ​ $ 860,000 ​ $ 1,575,000 ​ Credit Facility On December 22, 2021, the Company amended its $1.2 billion unsecured revolving bank credit facility (the ”Credit Facility”) to, among other things, extend the maturity date from June 22, 2023 to December 22, 2026 and amend pricing terms. The amendment also increased the amount of the uncommited accordion facility available to the Company from $300 million to $600 million. As at December 31, 2021 and December 31, 2020, no amounts were outstanding under the Credit Facility. As at December 31, 2021, $1.199.1 million was available for future drawdown under the Credit Facility (December 31, 2020 - $1.199.1 million). Credit Facility availability is reduced by outstanding letters of credit which were $0.9 million as at December 31, 2021 (2020 – 0.9 million). During the year ended December 31, 2021, Credit Facility drawdowns totaled $595.0 million and repayments totaled $595.0 million. During the year ended December 31, 2020, Credit Facility drawdowns totaled $1,075.0 million and repayments totaled $1,075.0 million. The Credit Facility is available in multiple currencies through prime rate and base rate advances, priced at the applicable rate plus a margin that ranges from 0.00% to 1.00%, through LIBOR advances, bankers’ acceptances and financial letters of credit, priced at the applicable rate plus a margin that ranges from 1.00% to 2.00% and through performance letters of credit, priced at the applicable rate plus a margin that ranges from 0.60% to 1.20%. The lenders under the Credit Facility are each paid a standby fee at a rate that ranges from 0.09% to 0.25% of the undrawn portion of the facility. In each case, the applicable margin or standby fees vary depending on the Company’s credit rating and/ or the Company’s total net debt to earnings before interest, taxes, depreciation and amortization (“EBITDA”) ratio. 2020 Notes On April 7, 2020, the Company closed a $200.0 million private placement of guaranteed senior unsecured notes (the “2020 Notes”) with a weighted average maturity of 11 years and weighted average yield of 2.83%. The following table sets out details of the individual series of the 2020 Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A ​ $ 100,000 2.78 % 4/7/2030 Series B ​ 100,000 2.88 % 4/7/2032 Total ​ $ 200,000 ​ 2018 Notes On April 5, 2018, the Company closed a $350.0 million private placement of guaranteed senior unsecured notes (the “2018 Notes”). The following table sets out details of the individual series of the 2018 Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A ​ $ 45,000 4.38 % 4/5/2028 Series B ​ 55,000 4.48 % 4/5/2030 Series C ​ 250,000 4.63 % 4/5/2033 Total ​ $ 350,000 ​ 2017 Notes On June 29, 2017, the Company closed a $300.0 million private placement of guaranteed senior unsecured notes (the “2017 Notes”). The following table sets out details of the individual series of the 2017 Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A $ 40,000 4.42 % 6/29/2025 Series B ​ 100,000 4.64 % 6/29/2027 Series C ​ 150,000 4.74 % 6/29/2029 Series D ​ 10,000 4.89 % 6/29/2032 Total ​ $ 300,000 ​ 2016 Notes On June 30, 2016, the Company closed a $350.0 million private placement of guaranteed senior unsecured notes (the “2016 Notes”). The following table sets out details of the individual series of the 2016 Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A ​ $ 100,000 4.54 % 6/30/2023 Series B ​ 200,000 4.84 % 6/30/2026 Series C ​ 50,000 4.94 % 6/30/2028 Total ​ $ 350,000 ​ 2015 Note On September 30, 2015, the Company closed a private placement of a $50.0 million guaranteed senior unsecured note (the “2015 Note”) with a September 30, 2025 maturity date and a yield of 4.15%. 2012 Notes On July 24, 2012, the Company closed a $200.0 million private placement of guaranteed senior unsecured notes (the “2012 Notes”). The following table sets out details of the individual series of the 2012 Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A ​ $ 100,000 4.87 % 7/23/2022 Series B ​ 100,000 5.02 % 7/23/2024 Total ​ $ 200,000 ​ 2010 Notes On April 7, 2010, the Company closed a $600.0 million private placement of guaranteed senior unsecured notes (the “2010 Notes” and, together with the 2020 Notes, 2018 Notes, the 2017 Notes, the 2016 Notes, the 2015 Note and the 2012 Notes, the “Notes”). On April 7, 2020 the Company repaid $360.0 million of the 2010 Series B 6.67% Notes at maturity. As at December 31, 2021, $125.0 million of the 2010 Series C 6.77% Notes remained outstanding with a maturity date of April 7, 2022. Covenants Payment and performance of Agnico Eagle’s obligations under the Credit Facility and the Notes are guaranteed by each of its material subsidiaries and certain of its other subsidiaries (the ”Guarantors”). The Credit Facility contains covenants that limit, among other things, the ability of the Company to incur additional indebtedness, make distributions in certain circumstances and sell material assets. The note purchase agreements pursuant to which the Notes were issued (the ”Note Purchase Agreements”) contain covenants that restrict, among other things, the ability of the Company to amalgamate or otherwise transfer its assets, sell material assets, carry on a business other than one related to mining and the ability of the Guarantors to incur indebtedness. The Credit Facility and Note Purchase Agreements also require the Company to maintain a total net debt to EBITDA ratio below a specified maximum value and the Note Purchase Agreements (other than the 2018 and 2020 Notes) require the Company to maintain a minimum tangible net worth. The Company was in compliance with all covenants contained in the Credit Facility and Note Purchase Agreements throughout the years-ended and as at December 31, 2021 and 2020. Finance Costs Total finance costs consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Interest on Notes $ 72,795 $ 77,739 Stand-by fees on credit facilities ​ 5,546 ​ 5,107 Amortization of credit facilities financing and note issuance costs ​ 3,778 ​ 3,594 Interest on Credit Facility ​ 1,549 ​ 5,304 Accretion expense on reclamation provisions ​ 6,554 ​ 3,502 Interest on lease obligations, other interest and penalties ​ 5,329 ​ 2,684 Interest capitalized to assets under construction ​ (3,509) ​ (2,796) Total finance costs ​ $ 92,042 ​ $ 95,134 ​ Total borrowing costs capitalized to assets under construction during the year ended December 31, 2021 were at a capitalization rate of 1.20% (2020 - 1.18%).

OTHER LIABILITIES

OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2021
OTHER LIABILITIES
OTHER LIABILITIES	15. OTHER LIABILITIES Other liabilities consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Pension benefit obligations ​ $ 51,210 ​ $ 49,822 Other ​ 19,051 ​ 13,514 Total other liabilities ​ $ 70,261 ​ $ 63,336 ​ Defined Benefit Obligations The Company provides the Executives Plan for certain current and former senior officers, the Retirement Program for eligible employees in Canada, and the Mexico Plans for eligible employees in Mexico, each of which are considered defined benefit plans under IAS 19 - Employee Benefits. The funded status of the plans are based on actuarial valuations performed as at December 31, 2021. The plans operate under similar regulatory frameworks and generally face similar risks. ​ The Executives Plan pension formula is based on final average earnings in excess of the amounts payable from the registered plan. Assets for the Executives Plan consist of deposits on hand with regulatory authorities that are refundable when benefit payments are made or on the ultimate wind-up of the plan. The Company provides a Retirement Program for certain eligible employees that provides a lump-sum payment upon retirement. The payment is based on age and length of service at retirement. An eligible employee is entitled to a benefit if they have completed at least 10 years of service as a permanent employee and are 57 years of age or older. The Retirement Program is not funded. The Mexico Plans provide a lump-sum payment upon retirement. The payment is based on age and length of service at retirement. Eligible employees are entitled to a benefit if they have completed 15 years of service as a permanent employee and are 60 years of age or older. The Mexico Plans are not funded. The funded status of the Company's defined benefit obligations for 2021 and 2020, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Reconciliation of plan assets: ​ ​ Plan assets, beginning of year ​ $ 2,768 ​ $ 2,594 Employer contributions ​ 3,584 ​ 2,800 Benefit payments ​ (3,325) ​ (2,570) Administrative expenses ​ (130) ​ (115) Interest on assets ​ 72 ​ 77 Net return on assets excluding interest ​ (72) ​ (77) Effect of exchange rate changes ​ 8 ​ 59 Plan assets, end of year ​ $ 2,905 ​ $ 2,768 ​ ​ ​ ​ ​ ​ ​ Reconciliation of defined benefit obligation: ​ ​ ​ ​ Defined benefit obligation, beginning of year ​ $ 44,105 ​ $ 29,336 Current service cost ​ 2,624 ​ 12,827 Past service cost ​ ​ 5,351 ​ ​ — Benefit payments ​ (3,325) ​ (2,570) Interest cost ​ 1,240 ​ 809 Actuarial (gains) losses arising from changes in economic assumptions ​ (2,785) ​ 1,861 Actuarial losses arising from changes in demographic assumptions ​ ​ 992 ​ ​ 882 Actuarial gains arising from Plan experience ​ (2,842) ​ (321) Effect of exchange rate changes ​ (516) ​ 1,281 Defined benefit obligation, end of year ​ 44,844 ​ 44,105 Net defined benefit liability, end of year ​ $ 41,939 ​ $ 41,337 ​ The components of Agnico Eagle’s pension expense recognized in the consolidated statements of net income relating to the defined benefit plans are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Current service cost ​ $ 2,624 ​ $ 12,827 Past service cost ​ ​ 5,351 ​ ​ — Administrative expenses ​ 130 ​ 115 Interest cost on defined benefit obligation ​ 1,240 ​ 809 Interest on assets ​ (72) ​ (77) Pension expense ​ $ 9,273 ​ $ 13,674 ​ The remeasurements of the net defined benefit liability recognized in other comprehensive income relating to the Company's defined benefit plans are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Actuarial (gains) losses relating to the defined benefit obligation ​ $ (4,634) ​ $ 2,584 Net return on assets excluding interest ​ 72 ​ 77 Total remeasurements of the net defined benefit liability ​ $ (4,562) ​ $ 2,661 ​ In 2022, the Company expects to make contributions of $2.8 million and benefit payments of $2.5 million, in aggregate, related to the defined benefit plans. The weighted average duration of the Company’s defined benefit obligation in Canada is 12.6 years at December 31, 2021 (2020 – 14.4 years). The weighted average duration of the Company's defined benefit obligation for the Mexico Plans is 5.9 years at December 31, 2021 (2020 - 3.7 years). The following table sets out significant assumptions used in measuring the Company’s Executives Plan defined benefit obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ As at December 31, ​ ​ 2021 2020 ​ Assumptions: ​ Discount rate - beginning of year 2.5 % 3.0 % Discount rate - end of year 3.0 % 2.5 % ​ The following table sets out significant assumptions used in measuring the Company's Retirement Program defined benefit obligations: ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ As at December 31, ​ ​ 2021 2020 ​ Assumptions: ​ ​ ​ Discount rate - beginning of year 1.8 % 2.8 % Discount rate - end of year 2.5 % 1.8 % Range of mine closure dates 2026 - 2032 ​ 2026 - 2032 ​ Termination of employment per annum 2.0% - 10.0 % 2.0% - 10.0 % ​ The following table sets out significant assumptions used in measuring the Company's defined benefit obligations for the Mexico Plans: ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ As at December 31, ​ ​ 2021 2020 Assumptions: ​ ​ ​ ​ Discount rate 7.5 % 5.5 % Range of mine closure dates 2023 - 2027 ​ 2023 - 2026 ​ ​ Other significant actuarial assumptions used in measuring the Company's Retirement Program defined benefit obligations as at December 31, 2021 and December 31, 2020 include assumptions of the expected retirement age of participants. The following table sets out the effect of changes in significant actuarial assumptions on the Company's defined benefit obligations: ​ ​ ​ ​ ​ ​ ​ As at ​ ​ December 31, ​ 2021 Change in assumption: ​ ​ ​ 0.5% increase in discount rate ​ $ (1,703) 0.5% decrease in discount rate ​ $ 1,839 ​ The summary of the effect of changes in significant actuarial assumptions was prepared using the same methods and actuarial assumptions as those used for the calculation of the Company's defined benefit obligation related to the Executives Plan, the Retirement Program and the Mexico Plans as at the end of the fiscal year, except for the change in the single actuarial assumption being evaluated. The modification of several actuarial assumptions at the same time could lead to different results. Other Plans In addition to its defined benefit pension plans, the Company maintains two defined contribution plans – the Basic Plan and the Supplemental Plan. Under the Basic Plan, Agnico Eagle contributes 5.0% of certain employees’ base employment compensation to a defined contribution plan. In 2021, $17.0 million (2020 – $13.6 million) was contributed to the Basic Plan, $0.2 million of which related to contributions for key management personnel (2020 – $0.2 million). The Company also maintains the Supplemental Plan for designated executives at the level of Vice-President or above. The Supplemental Plan is funded by the Company through notional contributions equal to 10.0% of the designated executive’s earnings for the year (including salary and short-term bonus). In 2021, the Company made $1.5 million (2020 – $1.3 million) in notional contributions to the Supplemental Plan, $0.9 million (2020 – $1.0 million) of which related to contributions for key management personnel. The Company’s liability related to the Supplemental Plan is $10.6 million at December 31, 2021 (2020 - $11.5 million). At retirement date, the notional account balance is converted to a pension payable in five annual installments.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2021
EQUITY
EQUITY	16. EQUITY Common Shares The Company’s authorized share capital includes an unlimited number of common shares with no par value. As at December 31, 2021, Agnico Eagle’s issued common shares totaled 245,435,804 (December 31, 2020 – 243,301,195), of which 433,947 common shares are held in trusts as described below (2020 - 416,881). The common shares held in trusts relate to the Company’s RSU plan, PSU plan and a Long Term Incentive Plan (“LTIP”) for certain employees of the Partnership and CMC. The trusts have been evaluated under IFRS 10 - Consolidated Financial Statements The following table sets out the maximum number of common shares that would be outstanding if all dilutive instruments outstanding as at December 31, 2021 were exercised: ​ ​ ​ ​ Common shares outstanding at December 31, 2021 245,001,857 Employee stock options 4,482,941 Common shares held in trusts in connection with the RSU plan (Note 17C), PSU plan (Note 17D) and LTIP 433,947 Total 249,918,745 ​ Net Income Per Share The following table sets out the weighted average number of common shares used in the calculation of basic and diluted net income per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Net income for the year ​ $ 543,009 ​ $ 511,607 Weighted average number of common shares outstanding - basic (in thousands) ​ 243,708 ​ 241,508 Add: Dilutive impact of common shares related to the RSU plan, PSU plan and LTIP ​ 598 ​ 695 Add: Dilutive impact of employee stock options ​ 426 ​ 869 Weighted average number of common shares outstanding - diluted (in thousands) ​ 244,732 ​ 243,072 Net income per share - basic ​ $ 2.23 ​ $ 2.12 Net income per share - diluted ​ $ 2.22 ​ $ 2.10 ​ Diluted net income per share has been calculated using the treasury stock method. In applying the treasury stock method, outstanding employee stock options with an exercise price greater than the average quoted market price of the common shares for the period outstanding are not included in the calculation of diluted net income per share as the impact would be anti-dilutive. For the year ended December 31, 2021, 2,806,786 (2020 – nil) employee stock options were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	17. STOCK-BASED COMPENSATION A) Employee Stock Option Plan (“ESOP”) The Company’s ESOP provides for the grant of stock options to directors, officers, employees and service providers to purchase common shares. Under the ESOP, stock options are granted at the fair market value of the underlying shares on the day prior to the date of grant. The number of common shares that may be reserved for issuance to any one person pursuant to stock options (under the ESOP or otherwise), warrants, share purchase plans or other arrangements may not exceed 5.0% of the Company’s common shares issued and outstanding at the date of grant. On April 24, 2001, the Compensation Committee of the Board adopted a policy pursuant to which stock options granted after that date have a maximum term of five years. In 2021, the shareholders approved a resolution to increase the number of common shares reserved for issuance under the ESOP to 38,700,000 common shares. Of the 1,590,750 stock options granted under the ESOP in 2021, 397,688 stock options vested within 30 days of the grant date. The remaining stock options, all of which expire in 2026, vest in equal installments on each anniversary date of the grant over a three The following table sets out activity with respect to Agnico Eagle’s outstanding stock options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ Year Ended ​ ​ December 31, 2021 ​ December 31, 2020 ​ ​ Weighted ​ Weighted ​ ​ Number of ​ Average ​ Number of ​ Average ​ ​ Stock ​ Exercise ​ Stock ​ Exercise ​ ​ Options ​ Price ​ Options ​ Price Outstanding, beginning of year 3,421,404 C$ 65.27 ​ 4,122,300 C$ 54.86 Granted 1,590,750 ​ 89.59 ​ 1,583,150 ​ 80.04 Exercised (471,765) ​ 58.40 ​ (2,170,460) ​ 56.33 Forfeited (57,448) ​ 80.35 ​ (113,586) ​ 63.88 Outstanding, end of year 4,482,941 C$ 74.43 ​ 3,421,404 C$ 65.27 Options exercisable, end of year 2,077,187 C$ 68.28 ​ 852,588 C$ 60.61 ​ The average share price of Agnico Eagle’s common shares during the year ended December 31, 2021 was C$76.00 (2020 - C$87.92). The weighted average grant date fair value of stock options granted in 2021 was C$18.95 (2020 - C$13.68). The following table sets out information about Agnico Eagle’s stock options outstanding and exercisable as at December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Options Outstanding ​ Stock Options Exercisable ​ ​ Weighted ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Average ​ Weighted ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Remaining ​ Average ​ ​ ​ Remaining ​ Weighted ​ ​ Number ​ Contractual ​ Exercise ​ Number ​ Contractual ​ Average Range of Exercise Prices ​ Outstanding ​ Life ​ Price ​ Exercisable ​ Life ​ Exercise Price C$55.10 - C$58.04 ​ 1,676,155 1.55 years ​ C$ 56.15 1,198,500 ​ 1.37 years ​ C$ 56.57 C$79.98 - C$89.59 ​ 2,806,786 3.57 years ​ ​ 85.35 878,687 ​ 3.45 years ​ ​ 84.26 C$55.10 - C$89.59 ​ 4,482,941 2.81 years ​ C$ 74.43 2,077,187 ​ 2.25 years ​ C$ 68.28 ​ The Company has reserved for issuance 4,482,941 common shares in the event that these stock options are exercised. The number of common shares available for the grant of stock options under the ESOP as at December 31, 2021 was 5,068,748. Agnico Eagle estimated the fair value of stock options under the Black-Scholes option pricing model using the following weighted average assumptions: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ December 31, ​ ​ 2021 2020 ​ Risk-free interest rate 0.54 % 1.90 % Expected life of stock options (in years) 2.4 ​ 2.4 ​ Expected volatility of Agnico Eagle’s share price 38.0 % 27.5 % Expected dividend yield 2.2 % 1.2 % ​ The Company uses historical volatility to estimate the expected volatility of Agnico Eagle’s share price. The expected term of stock options granted is derived from historical data on employee exercise and post-vesting employment termination experience. Compensation expense related to the ESOP amounted to $20.2 million for the year ended December 31, 2021 (2020 - $15.9 million). Subsequent to the year ended December 31, 2021, 1,641,225 stock options were granted under the ESOP, of which 410,306 stock options vested within 30 days of the grant date. The remaining stock options, all of which expire in 2027, vest in equal installments on each anniversary date of the grant over a three B) Incentive Share Purchase Plan (“ISPP”) On June 26, 1997, the Company’s shareholders approved the ISPP to encourage Participants to purchase Agnico Eagle’s common shares at market value. In 2009, the ISPP was amended to remove non-executive directors as eligible Participants. Under the ISPP, Participants may contribute up to 10.0% of their basic annual salaries and the Company contributes an amount equal to 50.0% of each Participant’s contribution. All common shares subscribed for under the ISPP are issued by the Company. The total compensation cost recognized in 2021 related to the ISPP was $9.2 million (2020 - $6.9 million). In 2021, 497,767 common shares were subscribed for under the ISPP (2020 – 351,086) for a value of $27.5 million (2020 - $20.7 million). In May 2019, the Company’s shareholders approved an increase in the maximum number of common shares reserved for issuance under the ISPP to 8,100,000 from 7,100,000. As at December 31, 2021, Agnico Eagle has reserved for issuance 372,602 common shares (2020 –870,369) under the ISPP. C) Restricted Share Unit (“RSU”) Plan In 2009, the Company implemented the RSU plan for certain employees. Effective January 1, 2012, the RSU plan was amended to include directors and senior executives of the Company as eligible participants. A deferred compensation balance is recorded for the total grant date value on the date of each RSU plan grant. The deferred compensation balance is recorded as a reduction of equity and is amortized as compensation expense over the vesting period of up to three years. In 2021, 317,114 (2020 – 307,732) RSUs were granted with a grant date fair value of $74.45 (2020 - $60.80). In 2021, the Company funded the RSU plan by transferring $23.6 million (2020 - $18.7 million) to an employee benefit trust that then purchased common shares of the Company in the open market. The grant date fair value of the RSUs generally approximates the cost of purchasing the shares in the open market. Once vested, the common shares in the trust are distributed to settle the obligation along with a cash payment reflecting the accumulated amount that would have been paid as dividends had the common shares been outstanding. Compensation expense related to the RSU plan was $21.5 million in 2021 (2020 - $21.7 million). Compensation expense related to the RSU plan is included as part of the general and administrative line item in the consolidated statements of income. Subsequent to the year ended December 31, 2021, 366,586 RSUs were granted under the RSU plan. D) Performance Share Unit (“PSU”) Plan Beginning in 2016, the Company adopted a PSU plan for senior executives of the Company. PSUs are subject to vesting requirements over a three-year period based on specific performance measurements established by the Company. The fair value for the portion of the PSUs related to market conditions is based on the application of pricing models at the grant date and the fair value for the portion related to non-market conditions is based on the market value of the shares at the grant date. Compensation expense is based on the current best estimate of the outcome for the specific performance measurement established by the Company and is recognized over the vesting period based on the number of units estimated to vest. In 2021, 148,500 (2020 - 170,500) PSUs were granted with a grant date fair value of $92.75 (2020 - $74.55). The Company funded the PSU plan by transferring $10.8 million (2020 - $10.4 million) to an employee benefit trust that then purchased common shares of the Company in the open market. Once vested, the common shares in the trust are distributed to settle the obligation along with a cash payment reflecting the accumulated amount that would have been paid as dividends had the common shares been outstanding. Compensation expense related to the PSU plan was $10.4 million in 2021 (2020 - $12.5 million). Compensation expense related to the PSU plan is included as part of the general and administrative line item in the consolidated statements of income. Subsequent to the year ended December 31, 2021, 157,500 PSUs were granted under the PSU plan.

OTHER RESERVES

OTHER RESERVES	12 Months Ended
	Dec. 31, 2021
OTHER RESERVES
OTHER RESERVES	18. OTHER RESERVES The following table sets out the movements in other reserves for the year ended December 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity Cash flow ​ ​ ​ securities hedge ​ ​ ​ ​ reserve reserve ​ Total Balance at December 31, 2019 ​ $ (47,922) ​ $ — ​ $ (47,922) Net change in cash flow hedge reserve ​ — ​ (11,964) ​ (11,964) Net change in fair value of equity securities ​ 145,138 ​ — ​ 145,138 Balance at December 31, 2020 ​ $ 97,216 ​ $ (11,964) ​ $ 85,252 Net change in cash flow hedge reserve ​ ​ — ​ ​ 1,175 ​ ​ 1,175 Transfer of net loss on disposal of equity securities to deficit ​ ​ 5,057 ​ ​ — ​ ​ 5,057 Net change in fair value of equity securities ​ ​ (37,208) ​ ​ — ​ ​ (37,208) Balance at December 31, 2021 ​ $ 65,065 ​ $ (10,789) ​ $ 54,276 ​ The cash flow hedge reserve represents the settlement of an interest rate derivative related to the Senior Notes issued in 2020. The reserve will be amortized over the term of the Notes. Amortization of the reserve is included in the finance costs line item in the consolidated statements of income.

REVENUES FROM MINING OPERATIONS

REVENUES FROM MINING OPERATIONS AND TRADE RECEIVABLES	12 Months Ended
	Dec. 31, 2021
REVENUES FROM MINING OPERATIONS AND TRADE RECEIVABLES
REVENUES FROM MINING OPERATIONS AND TRADE RECEIVABLES	19. REVENUES FROM MINING OPERATIONS AND TRADE RECEIVABLES Agnico Eagle is a gold mining company with mining operations in Canada, Mexico and Finland. The Company earns a significant proportion of its revenues from the production and sale of gold in both dore bar and concentrate form. The remainder of revenue and cash flow is generated by the production and sale of by-product metals. The revenue from by-product metals is primarily generated by production at the LaRonde mine in Canada (silver, zinc and copper) and the Pinos Altos mine in Mexico (silver). The cash flow and profitability of the Company’s operations are significantly affected by the market price of gold and, to a lesser extent, silver, zinc and copper. The prices of these metals can fluctuate significantly and are affected by numerous factors beyond the Company’s control. During the year ended December 31, 2021, four customers each contributed more than 10.0% of total revenues from mining operations for a combined total of approximately 86.4% of revenues from mining operations in the Northern and Southern business units. However, because gold can be sold through numerous gold market traders worldwide, the Company is not economically dependent on a limited number of customers for the sale of its product. The following table sets out sales to individual customers that exceeded 10.0% of revenues from mining operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 2020 ​ Customer 1 ​ $ 1,127,187 ​ $ 798,698 Customer 2 ​ 858,983 ​ ​ 799,405 ​ Customer 3 ​ 733,177 ​ ​ 628,940 ​ Customer 4 ​ 586,196 ​ ​ 419,499 ​ Total sales to customers exceeding 10.0% of revenues from mining operations ​ $ 3,305,343 ​ $ 2,646,542 ​ Percentage of total revenues from mining operations ​ 86.4 % ​ 84.3 % ​ Trade receivables are recognized once the transfer of control for the metals sold has occurred and reflect the amounts owing to the Company in respect of its sales of concentrates to third parties prior to the satisfaction in full of the payment obligations of the third parties. As at December 31, 2021, the Company had $13.5 million (2020 - $11.9 The Company has recognized the following amounts relating to revenue in the consolidated statements of income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Revenue from contracts with customers $ 3,821,683 ​ $ 3,137,795 Provisional pricing adjustments on concentrate sales ​ 2,195 ​ ​ 318 Total revenues from mining operations ​ $ 3,823,878 ​ $ 3,138,113 ​ The following table sets out the disaggregation of revenue by metal: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Revenues from contracts with customers: ​ ​ ​ ​ ​ Gold ​ $ 3,714,917 ​ $ 3,047,019 Silver ​ ​ 69,876 ​ 73,904 Zinc ​ ​ 13,679 ​ 2,312 Copper ​ ​ 23,211 ​ 14,560 Total revenues from contracts with customers ​ $ 3,821,683 ​ $ 3,137,795 ​ In 2021, precious metals (gold and silver) accounted for 99.0% of Agnico Eagle’s revenues from mining operations (2020 – 99.5%). The remaining revenues from mining operations consisted of net by-product metal revenues from non-precious metals.

CAPITAL AND FINANCIAL RISK MANA

CAPITAL AND FINANCIAL RISK MANAGEMENT	12 Months Ended
	Dec. 31, 2021
CAPITAL AND FINANCIAL RISK MANAGEMENT
CAPITAL AND FINANCIAL RISK MANAGEMENT	20. The Company’s activities expose it to a variety of financial risks: market risk (including interest rate risk, commodity price risk and foreign currency risk), credit risk and liquidity risk. The Company’s overall risk management policy is to support the delivery of the Company’s financial targets while minimizing the potential adverse effects on the Company’s performance. Risk management is carried out by a centralized treasury department under policies approved by the Board. The Company’s financial activities are governed by policies and procedures and its financial risks are identified, measured and managed in accordance with its policies and risk tolerance. A) Market Risk Market risk is the risk that changes in market factors, such as interest rates, commodity prices and foreign exchange rates, will affect the value of Agnico Eagle’s financial instruments. The Company can choose to either accept market risk or mitigate it through the use of derivatives and other economic hedging strategies. i. Interest Rate Risk Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate as a result of changes in market interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s long-term debt obligations that have floating interest rates. There is no impact on income before income and mining taxes or equity of a 1.0% increase or decrease in interest rates, based in financial instruments in place as at December 31, 2021. ii. Commodity Price Risk a. Metal Prices Agnico Eagle’s revenues from mining operations and net income are sensitive to metal prices. Changes in the market price of gold may be attributed to numerous factors such as demand, global mine production levels, central bank purchases and sales and investor sentiment. Changes in the market prices of by-product metals (silver, zinc and copper) may be attributed to factors such as demand and global mine production levels. In order to mitigate the impact of fluctuating by-product metal prices, the Company occasionally enters into derivative financial instrument contracts under its Board-approved Risk Management Policies and Procedures. The Company has a long-standing policy of no long-term forward gold sales. However, the policy does allow the Company to use other economic hedging strategies, where appropriate, to mitigate by-product metal pricing risks. The Company’s policy does not allow speculative trading. As at December 31, 2021, there were no metal derivative positions. b. Fuel To mitigate the risks associated with fluctuating diesel fuel prices, the Company uses derivative financial instruments as economic hedges of the price risk on a portion of its diesel fuel costs (see Note 21 for further details on the Company’s derivative financial instruments). iii. Foreign Currency Risk The Company receives payment for all of its metal sales in US dollars and pays most of its operating and capital costs in Canadian dollars, Euros or Mexican pesos. This gives rise to significant foreign currency risk exposure. The Company enters into currency economic hedging transactions under the Board-approved Foreign Exchange Risk Management Policies and Procedures to hedge part of its foreign currency exposure. The policy does not permit the hedging of translation exposure (that is, the gains and losses that arise from the accounting translation of Canadian dollar, Euro or Mexican peso denominated assets and liabilities into US dollars), which does not give rise to cash exposure. The Company’s foreign currency derivative financial instrument strategy includes (but is not limited to) the use of purchased puts, sold calls, collars and forwards that are not held for speculative purposes (see Note 21 for further details on the Company’s derivative financial instruments). The following table sets out the translation impact, based on financial instruments in place as at December 31, 2021, on income before income and mining taxes and equity for the year ended December 31, 2021 of a 10.0% weakening in the exchange rate of the US dollar relative to the Canadian dollar, Euro and Mexican peso, with all other variables held constant. A 10.0% strengthening of the US dollar against the foreign currencies would have had the equal but opposite effect as at December 31, 2021. ​ ​ ​ ​ ​ ​ ​ Positive (negative) impact on ​ ​ Income before Income and ​ ​ Mining Taxes and Equity Canadian dollar ​ $ (3,730) Euro ​ $ (13,588) Mexican peso ​ $ 3,118 ​ B) Credit Risk Credit risk is the risk that a third party might fail to fulfill its obligations under the terms of a financial instrument. Credit risk arises from cash and cash equivalents, short-term investments, trade receivables, loan receivable and certain derivative financial instruments. The Company holds its cash and cash equivalents and short-term investments in highly rated financial institutions resulting in a low level of credit risk. For trade receivables and derivative financial instruments, historical levels of default have been negligible, resulting in a low level of credit risk. The Company mitigates credit risk by dealing with recognized credit-worthy counterparties and limiting concentration risk. For derivative financial instrument liabilities, the Company assumes no credit risk when the fair value of an instrument is negative. The loan receivable extended to Orla is collateralized by pledged assets which mitigates the level of credit risk. The maximum exposure to credit risk is equal to the carrying amount of the instruments as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Cash and cash equivalents ​ $ 185,786 ​ $ 402,527 Short-term investments ​ 5,288 ​ 3,936 Trade receivables ​ 13,545 ​ 11,867 Derivative financial instrument assets ​ 12,305 ​ 35,516 Loan receivable - Orla ​ ​ 37,942 ​ ​ 21,247 Total ​ $ 254,866 ​ $ 475,093 ​ C) Liquidity Risk Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. The Company monitors its risk of a shortage of funds by monitoring its credit rating and projected cash flows taking into account the maturity dates of existing debt and other payables. The Company manages exposure to liquidity risk by maintaining cash balances, having access to undrawn credit facilities and access to public debt markets. Contractual maturities relating to lease obligations are set out in Note 13 and contractual maturities relating to long-term debt are set out in Note 14. Other financial liabilities have maturities within one year of December 31, 2021. D) Capital Risk Management The Company’s primary capital management objective is to maintain an optimal capital structure to support current and long-term business activities and to provide financial flexibility in order to maximize value for equity holders. Agnico Eagle’s capital structure comprises a mix of lease financing, long-term debt, and total equity as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Lease obligations ​ $ 131,433 ​ $ 120,275 Long-term debt ​ ​ 1,565,223 ​ ​ 1,565,241 Total equity ​ 5,980,835 ​ 5,683,213 Total ​ $ 7,677,491 ​ $ 7,368,729 ​ The Company manages its capital structure and makes adjustments to it based on changes in economic conditions and the requirements of financial covenants. To effectively manage its capital requirements, Agnico Eagle has in place a rigorous planning, budgeting and forecasting process to ensure it has the appropriate liquidity to meet its operating and growth objectives. The Company has the ability to adjust its capital structure by various means. See Note 14 for details related to Agnico Eagle’s compliance with its long-term debt covenants. E) Changes in liabilities arising from financing activities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at Changes from ​ ​ ​ As at ​ ​ December 31, ​ Financing Cash ​ Foreign ​ ​ ​ ​ December 31, ​ ​ 2020 ​ Flows ​ Exchange ​ Other (i) ​ 2021 Long-term debt ​ $ 1,565,241 ​ ​ (2,553) ​ ​ — ​ ​ 2,535 ​ $ 1,565,223 Lease obligations ​ 120,275 ​ (25,020) ​ (4,846) ​ 41,024 ​ 131,433 Total liabilities from financing activities ​ $ 1,685,516 ​ ​ (27,573) ​ ​ (4,846) ​ ​ 43,559 ​ $ 1,696,656 Note: (i) Includes the amortization of deferred financing costs on long-term debt reflected in finance costs and lease obligation additions .

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	21. DERIVATIVE FINANCIAL INSTRUMENTS Currency Risk Management The Company uses foreign exchange economic hedges to reduce the variability in expected future cash flows arising from changes in foreign currency exchange rates. The Company is primarily exposed to currency fluctuations relative to the US dollar as a significant portion of the Company’s operating costs and capital expenditures are denominated in foreign currencies, primarily the Canadian dollar, the Euro and the Mexican peso. These potential currency fluctuations increase the volatility of, and could have a significant impact on, the Company’s production costs and capital expenditures. The economic hedges relate to a portion of the foreign currency denominated cash outflows arising from foreign currency denominated expenditures. As at December 31, 2021, the Company had outstanding derivative contracts related to $2,375.2 million of 2022 and 2023 expenditures (December 31, 2020 - $1,188.0 million). The Company recognized mark-to-market adjustments in the loss (gain) on derivative financial instruments line item in the consolidated statements of income. The Company did not apply hedge accounting to these arrangements. Mark-to-market gains and losses related to foreign exchange derivative financial instruments are recorded at fair value based on broker-dealer quotations corroborated by option pricing models that utilize period-end forward pricing of the applicable foreign currency to calculate fair value. The Company’s other foreign currency derivative strategies in 2021 and 2020 consisted mainly of writing US dollar call options with short maturities to generate premiums that would, in essence, enhance the spot transaction rate received when exchanging US dollars for Canadian dollars and Mexican pesos. All of these derivative transactions expired prior to period-end such that no derivatives were outstanding as at December 31, 2021 or December 31, 2020. The call option premiums were recognized in the loss (gain) on derivative financial instruments line item in the consolidated statements of income. Commodity Price Risk Management To mitigate the risks associated with fluctuating diesel fuel prices, the Company uses derivative financial instruments as economic hedges of the price risk on a portion of diesel fuel costs associated primarily with its Nunavut operations' diesel fuel exposure as it relates to operating costs. There were derivative financial instruments outstanding as at December 31, 2021 relating to 10.9 million gallons of heating oil (December 31, 2020 - 24.0 million). The related mark-to-market adjustments prior to settlement were recognized in the loss (gain) on derivative financial instruments line item in the consolidated statements of income. The Company did not apply hedge accounting to these arrangements. Mark-to-market gains and losses related to heating oil derivative financial instruments are based on broker-dealer quotations that utilize period-end forward pricing to calculate fair value. Share Purchase Warrants The Company holds warrants to acquire equity securities of certain issuers in the mining industry. These warrants are not part of the Company's core operations, and accordingly, gains and losses from these investments are not representative of the Company's performance during the year. The following table sets out a summary of the amounts recognized in the loss (gain) on derivative financial instruments line item in the consolidated statements of income. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Premiums realized on written foreign exchange call options ​ $ (2,276) ​ $ (1,779) Unrealized loss (gain) on warrants ​ ​ 16,736 ​ ​ (82,003) Realized (gain) loss on currency and commodity derivatives ​ (47,754) ​ 5,988 Unrealized loss (gain) on currency and commodity derivatives ​ 44,397 ​ (30,079) Loss (gain) on derivative financial instruments ​ $ 11,103 ​ $ (107,873) ​

OTHER EXPENSES

OTHER EXPENSES	12 Months Ended
	Dec. 31, 2021
OTHER EXPENSES (INCOME)
OTHER EXPENSES (INCOME)	22. OTHER EXPENSES The following table sets out amounts recognized in the other expenses line item in the consolidated statements of income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Loss on disposal of property, plant and mine development (Note 9 ) ​ $ 9,451 ​ $ 14,182 Interest income ​ (3,937) ​ (4,867) Temporary suspension and other costs due to COVID-19 ​ ​ 13,353 ​ ​ 33,540 Acquisition costs ​ ​ 12,943 ​ ​ — Gain on sale of exploration properties ​ ​ (10,000) ​ ​ — Other ​ (68) ​ 5,379 Total other expenses ​ $ 21,742 ​ $ 48,234 ​ On March 19, 2021, the Company completed the sale of certain non-strategic exploration properties in exchange for aggregate consideration of $10.0 million in cash and shares of the purchasers, receivable over time on the transaction anniversary each year until March 19, 2024. As all exploration costs related to these properties were expensed when incurred, the carrying value of the properties at the transaction closing was nil and the Company recognized a gain on sale equal to the consideration amount of $10.0 million. In the year ended December 31, 2021 the Company incurred transaction costs of $2.9 million in connection with the acquisition of TMAC (Note 5) and $10.0 million in connection with the prospective acquisition of Kirkland (Note 28). In the year ended December 31, 2021, other costs due to the COVID-19 pandemic include primarily payroll costs of Nunavut-based employees who were not permitted to return to work to prevent or curtail community transmission of COVID-19. In the year ended December 31, 2020, temporary suspension and other costs due to COVID-19 included primarily payroll and other incidental costs associated with maintaining the sites and properties placed on temporary suspension or reduced operations, and payroll costs associated with employees who were not working during the period of reduced or suspended operations.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2021
SEGMENTED INFORMATION
SEGMENTED INFORMATION	23. SEGMENTED INFORMATION Agnico Eagle operates in a single industry, namely exploration for and production of gold. The Company’s primary operations are in Canada, Mexico and Finland. The Company identifies its reportable segments as those operations whose operating results are reviewed by the Chief Operating Decision Maker (“CODM”), the Chief Executive Officer for the purpose of allocating resources and assessing performance and that represent more than 10.0% of the combined revenue from mining operations, income or loss or total assets of all operating segments. Each of the Company’s significant operating mines and projects are considered to be separate operating segments. Certain operating segments that do not meet the quantitative thresholds are still disclosed where the Company believes that the information is useful. The CODM also reviews segment income (defined as revenues from mining operations less production costs, exploration and corporate development expenses and impairment losses and reversals) on a mine-by-mine basis. The following are the Company’s reportable segments organized according to their relationship with the Company’s three business units and reflect how the Company manages its business and how it classifies its operations for planning and measuring performance: ​ ​ Northern Business: LaRonde mine, LaRonde Zone 5 mine, Goldex mine, Meadowbank Complex, Meliadine mine, Hope Bay mine, Canadian Malartic joint operation and Kittila mine Southern Business: ​ Pinos Altos mine, Creston Mascota mine and La India mine Exploration: ​ United States Exploration office, Europe Exploration office, Canada Exploration offices and Latin America Exploration office ​ Revenues from mining operations and production costs for the reportable segments are reported net of intercompany transactions. Corporate and other assets and specific income and expense items are not allocated to reportable segments. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ Revenues from ​ ​ Exploration and Segment ​ ​ Mining ​ ​ ​ ​ Corporate ​ Income ​ ​ Operations ​ Production Costs ​ Development ​ (Loss) Northern Business: ​ ​ ​ ​ LaRonde mine ​ $ 654,577 ​ $ (232,392) ​ $ — ​ $ 422,185 LaRonde Zone 5 mine ​ 121,236 ​ (56,380) ​ — ​ 64,856 Goldex mine ​ 241,404 ​ (96,181) ​ — ​ 145,223 Meadowbank Complex ​ 589,769 ​ (406,489) ​ — ​ 183,280 Meliadine mine ​ 636,085 ​ (236,763) ​ — ​ 399,322 Hope Bay mine ​ ​ 115,439 ​ ​ (83,118) ​ ​ — ​ ​ 32,321 Canadian Malartic joint operation ​ 645,607 ​ (242,589) ​ (5,367) ​ 397,651 Kittila mine ​ 414,656 ​ (192,742) ​ — ​ 221,914 Total Northern Business ​ 3,418,773 ​ (1,546,654) ​ (5,367) ​ 1,866,752 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Southern Business: ​ ​ ​ ​ Pinos Altos mine ​ 259,446 ​ (141,488) ​ — ​ 117,958 Creston Mascota mine ​ 27,784 ​ (8,165) ​ — ​ 19,619 La India mine ​ 117,875 ​ (60,381) ​ — ​ 57,494 Total Southern Business ​ 405,105 ​ (210,034) ​ — ​ 195,071 Exploration ​ — ​ — ​ (147,147) ​ (147,147) Segment totals ​ $ 3,823,878 ​ $ (1,756,688) ​ $ (152,514) ​ $ 1,914,676 Total segments income ​ ​ ​ ​ ​ ​ $ 1,914,676 Corporate and other: ​ ​ ​ ​ ​ Amortization of property, plant and mine development ​ ​ ​ ​ ​ (738,129) General and administrative ​ ​ ​ ​ ​ (142,003) Finance costs ​ ​ ​ ​ ​ (92,042) Loss on derivative financial instruments ​ ​ ​ ​ ​ (11,103) Environmental remediation ​ ​ ​ ​ ​ (576) Foreign currency translation loss ​ ​ ​ ​ ​ (5,672) Other expenses ​ ​ ​ ​ ​ (21,742) Income before income and mining taxes ​ ​ ​ ​ ​ ​ $ 903,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ Revenues from ​ ​ ​ ​ Exploration and ​ Segment ​ ​ Mining ​ Production ​ Corporate ​ Income ​ ​ Operations ​ Costs ​ Development ​ (Loss) Northern Business: ​ ​ ​ ​ ​ ​ ​ ​ LaRonde mine ​ $ 543,864 ​ $ (169,824) ​ $ — ​ $ 374,040 LaRonde Zone 5 mine ​ 111,244 ​ (47,899) ​ — ​ 63,345 Goldex mine ​ 227,181 ​ (82,654) ​ — ​ 144,527 Meadowbank Complex ​ 366,743 ​ (284,976) ​ (1,168) ​ 80,599 Meliadine mine ​ 569,063 ​ (245,700) ​ — ​ 323,363 Canadian Malartic joint operation ​ 478,542 ​ (195,312) ​ (18,637) ​ 264,593 Kittila mine ​ 372,132 ​ (169,884) ​ — ​ 202,248 Total Northern Business ​ 2,668,769 ​ (1,196,249) ​ (19,805) ​ 1,452,715 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Southern Business: ​ ​ ​ ​ Pinos Altos mine ​ 244,283 ​ (124,678) ​ — ​ 119,605 Creston Mascota mine ​ 77,762 ​ (35,088) ​ — ​ 42,674 La India mine ​ ​ 147,299 ​ (68,137) ​ — ​ 79,162 Total Southern Business ​ 469,344 ​ (227,903) ​ — ​ 241,441 Exploration ​ — ​ — ​ (93,687) ​ (93,687) Segment totals ​ $ 3,138,113 ​ $ (1,424,152) ​ $ (113,492) ​ $ 1,600,469 Total segments income ​ ​ ​ ​ ​ $ 1,600,469 Corporate and other: ​ ​ ​ ​ Amortization of property, plant and mine development ​ ​ ​ ​ ​ (631,101) General and administrative ​ ​ ​ ​ ​ (116,288) Finance costs ​ ​ ​ ​ ​ (95,134) Gain on derivative financial instruments ​ ​ ​ ​ ​ 107,873 Environmental remediation ​ ​ ​ ​ ​ (27,540) Foreign currency translation loss ​ ​ ​ ​ ​ (22,480) Other expenses ​ ​ ​ ​ ​ (48,234) Income before income and mining taxes ​ ​ ​ ​ ​ ​ $ 767,565 ​ The following table sets out total assets by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Assets as at ​ ​ December 31, ​ December 31, ​ 2021 2020 Northern Business: ​ ​ LaRonde mine ​ $ 946,218 ​ $ 852,171 LaRonde Zone 5 mine ​ 93,699 ​ 71,545 Goldex mine ​ 315,266 ​ 296,713 Meadowbank Complex ​ 1,194,368 ​ 1,037,459 Meliadine mine ​ 2,270,942 ​ 2,198,564 Hope Bay mine ​ ​ 461,483 ​ ​ — Canadian Malartic joint operation ​ 1,508,675 ​ 1,542,916 Kittila mine ​ 1,600,278 ​ 1,590,795 Total Northern Business ​ 8,390,929 ​ 7,590,163 ​ ​ ​ ​ ​ ​ ​ Southern Business: ​ ​ Pinos Altos mine ​ 466,334 ​ 458,786 Creston Mascota mine ​ 5,068 ​ 8,008 La India mine ​ 233,376 ​ 228,120 Total Southern Business ​ 704,778 ​ 694,914 Exploration ​ 501,673 ​ 434,809 Corporate and other ​ 589,396 ​ 894,869 Total assets ​ $ 10,186,776 ​ $ 9,614,755 ​ The following table sets out the carrying amount of goodwill by segment for the years ended December 31, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Canadian ​ ​ ​ ​ ​ ​ Malartic Joint ​ ​ ​ ​ ​ ​ ​ ​ Operation ​ Exploration ​ Total Cost ​ $ 597,792 ​ $ 60,000 ​ $ 657,792 Accumulated impairment ​ (250,000) ​ — ​ (250,000) Carrying amount ​ $ 347,792 ​ $ 60,000 ​ $ 407,792 ​ The following table sets out capital expenditures by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Northern Business: ​ ​ LaRonde mine ​ $ 138,784 ​ $ 109,262 LaRonde Zone 5 mine ​ 16,953 ​ 9,823 Goldex mine ​ 48,696 ​ 36,753 Meadowbank Complex ​ 151,471 ​ 162,339 Meliadine mine ​ 121,607 ​ 125,955 Hope Bay mine ​ ​ 50,958 ​ ​ — Canadian Malartic joint operation ​ 130,544 ​ 52,642 Kittila mine ​ 123,152 ​ 199,115 Total Northern Business ​ 782,165 ​ 695,889 Southern Business: ​ ​ Pinos Altos mine ​ 49,422 ​ 24,482 La India mine ​ 20,601 ​ 21,626 Total Southern Business ​ 70,023 ​ 46,108 Corporate and other ​ 15,496 ​ 17,345 Total capital expenditures ​ $ 867,684 ​ $ 759,342 ​ The following table sets out revenues from mining operations by geographic area (i) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Canada $ 3,004,117 $ 2,296,637 Mexico ​ 405,105 ​ 469,344 Finland ​ 414,656 ​ 372,132 Total revenues from mining operations ​ $ 3,823,878 ​ $ 3,138,113 Note: (i) Presented based on the location of the mine from which the product originated. The following table sets out non-current assets by geographic area: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ As at December 31, ​ ​ 2021 ​ 2020 Canada $ 6,720,595 $ 6,168,927 Mexico ​ 671,691 ​ 736,908 Finland ​ 1,458,838 ​ 1,447,157 Sweden ​ 16,128 ​ 13,812 United States ​ 17,136 ​ 763 Total non-current assets ​ $ 8,884,388 ​ $ 8,367,567 ​

IMPAIRMENT

IMPAIRMENT	12 Months Ended
	Dec. 31, 2021
IMPAIRMENT
IMPAIRMENT	24. IMPAIRMENT Goodwill impairment tests Canadian Malartic Joint Operation The estimated recoverable amount of the Canadian Malartic joint operation CGU as at December 31, 2021 and 2020 was determined on the basis of fair value less costs to dispose of the Canadian Malartic mine. The estimated recoverable amount of the Canadian Malartic mine was calculated by discounting the estimated future net cash flows over the estimated life of the mine, consisting of both open pit and underground operations, using a nominal discount rate of 6.00% (2020 - 6.40%). The recoverable amount calculation was based on an estimate of future production levels applying short-term gold prices of $1,600 to $1,800 per ounce and long-term gold prices of $1,600 per ounce (in real terms) (2020 - short-term gold prices of $1,800 to $1,900 and long term gold prices of $1,500), foreign exchange rates of US$0.79:C$1.00 (2020 - US$0.78: C$1.00), an inflation rate of 2.0% (2020 - 2.0%), and capital, operating and reclamation costs based on applicable life of mine plans. Certain mineralization was valued by a cashflow extension approach where the mineralization is expected to have sufficiently similar economics to the mineralization of the Canadian Malartic mine. At December 31, 2021 and 2020, the Canadian Malartic joint operation segment estimated recoverable amount exceeded its carrying amount. The discounted cash flow approach uses significant unobservable inputs and is therefore considered Level 3 fair value measurement under the fair value hierarchy. CMC Exploration Assets As a result of the acquisition of the additional 50.0% of the CMC Exploration Assets on March 28, 2018, the Company separated the CMC Exploration Assets from the Canadian Malartic joint operation into a distinct goodwill test performed for the Exploration segment as at December 31, 2021 and 2020. The estimated recoverable amount of the CMC Exploration Assets CGU was calculated by reference to comparable market transactions or by discounting the estimated future net cash flows over the estimated life of the mine using a nominal discount rate of 7.90% (2020 – 8.10%). The recoverable amount calculation was based on an estimate of future production levels applying gold prices of $1,600 per ounce (in real terms) (2020 - $1,500), foreign exchange rates of US$0.79:C$1.00 (2020- US$0.78:C$1.00), an inflation rate of 2.0% (2020 - 2.0%), and capital, operating and reclamation costs based on applicable life of mine plans. At December 31, 2021 and 2020, the CMC Exploration Assets CGU estimated recoverable amount exceeded its carrying amount. Key Assumptions The determination of the recoverable amount within level 3 of the fair value hierarchy, includes the following key applicable assumptions: ● Discount rates were based on each asset group's weighted average cost of capital, of which the two main components are the cost of equity and the after-tax cost of debt. Cost of equity was calculated based on the capital asset pricing model, incorporating the risk-free rate of return based on local government marketable bond yields as at the valuation date, the Company's beta coefficient adjustment to the market equity risk premium based on the volatility of the Company's return in relation to that of a comparable market portfolio, plus a size premium and Company-specific risk factor. Cost of debt was determined by applying an appropriate market indication of the Company's borrowing capabilities and the corporate income tax rate applicable to each asset group's jurisdiction; ● Gold price estimates were determined using forecasts of future prices prepared by industry analysts, which were available as at or close to the valuation date; ● Foreign exchange estimates are based on a combination of currency forward curves and estimates that reflect the outlooks of major global financial institutions; ● Estimated production levels, and future operating and capital costs are based on detailed life of mine plans and also take into account management's expected development plans; and ● Estimates of the fair value attributable to mineralization in excess of life of mine plans are based on various assumptions, including determination of the appropriate valuation method for mineralization and ascribing anticipated economics to mineralization in cases where only limited economic study has been completed.

INCOME AND MINING TAXES

INCOME AND MINING TAXES	12 Months Ended
	Dec. 31, 2021
INCOME AND MINING TAXES
INCOME AND MINING TAXES	25. INCOME AND MINING TAXES Income and mining taxes expense is made up of the following components: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Current income and mining taxes $ 181,812 $ 180,202 Deferred income and mining taxes: ​ ​ Origination and reversal of temporary differences ​ 178,588 ​ 75,756 Total income and mining taxes expense ​ $ 360,400 ​ $ 255,958 ​ The income and mining taxes expense is different from the amount that would have been calculated by applying the Canadian statutory income tax rate as a result of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Combined federal and composite provincial tax rates ​ 26 % ​ 26 % Expected income tax expense at statutory income tax rate ​ $ 234,887 ​ $ 199,568 ​ Increase (decrease) in income and mining taxes resulting from: ​ ​ ​ Mining taxes ​ 119,692 ​ 94,511 ​ Impact of foreign tax rates ​ (9,531) ​ (7,471) ​ Permanent differences ​ (5,718) ​ (19,197) ​ Impact of foreign exchange on deferred income tax balances ​ 21,070 ​ (11,453) ​ Total income and mining taxes expense ​ $ 360,400 ​ $ 255,958 ​ ​ The following table sets out the components of Agnico Eagle’s net deferred income tax assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, 2021 ​ December 31, 2020 Mining properties ​ $ 9,439 ​ $ — Net operating loss carry forwards ​ 107,489 ​ — Reclamation provisions and other liabilities ​ 16,680 ​ — Total net deferred income tax assets ​ $ 133,608 ​ $ — ​ The following table sets out the components of Agnico Eagle’s net deferred income and mining tax liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, 2021 ​ December 31, 2020 Mining properties ​ $ 1,514,017 ​ $ 1,390,600 Net operating and capital loss carry forwards ​ (27,459) ​ (100,026) Mining taxes ​ (98,807) ​ (90,706) Reclamation provisions and other liabilities ​ (175,001) ​ (163,807) Total net deferred income and mining tax liabilities ​ $ 1,212,750 ​ $ 1,036,061 ​ Changes in net deferred tax assets and liabilities for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, 2021 ​ December 31, 2020 Net deferred income and mining tax liabilities - beginning of year ​ $ 1,036,061 ​ $ 948,142 Income and mining tax impact recognized in net income ​ 179,720 ​ 76,197 Income tax impact recognized in other comprehensive income and equity ​ (3,542) ​ 11,722 Deferred income tax assets acquired on the purchase of TMAC ​ ​ (133,097) ​ ​ — Net deferred income and mining tax liabilities - end of year ​ $ 1,079,142 ​ $ 1,036,061 ​ The Company operates in different jurisdictions and, accordingly, it is subject to income and other taxes under the various tax regimes in the countries in which it operates. The tax rules and regulations in many countries are highly complex and subject to interpretation. The Company may be subject, in the future, to a review of its historic income and other tax filings and, in connection with such reviews, disputes can arise with the taxing authorities over the interpretation or application of certain tax rules and regulations to the Company’s business conducted within the country involved. The deductible temporary differences in respect of which a deferred tax asset has not been recognized in the consolidated balance sheets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, 2021 ​ December 31, 2020 Other deductible temporary differences $ 420,154 $ 214,520 ​ The Company has $469.1 million (2020 - $411.4 million) of taxable temporary differences associated with its investments in subsidiaries for which deferred income tax has not been recognized, as the Company is able to control the timing of the reversal of the taxable temporary differences and it is probable that they will not reverse in the foreseeable future. The Company is subject to taxes in Canada, Mexico and Finland, each with varying statutes of limitations. Prior taxation years generally remain subject to examination by applicable taxation authorities.

EMPLOYEE BENEFITS AND COMPENSAT

EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL	12 Months Ended
	Dec. 31, 2021
EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL
EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL	26. EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL During the year ended December 31, 2021, employee benefits expense recognized in the statements of income was $736.9 million (2020 - $657.0 million). In 2021 and 2020, there were no related party transactions other than compensation of key management personnel. Key management personnel include the members of the Board and the senior leadership team. The following table sets out the compensation of key management personnel: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Salaries, short-term incentives and other benefits $ 13,582 $ 16,964 Post-employment benefits ​ 1,581 ​ 1,634 Share-based payments ​ 23,475 ​ 28,631 Total ​ $ 38,638 ​ $ 47,229 ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	27. COMMITMENTS AND CONTINGENCIES As part of its ongoing business and operations, the Company has been required to provide assurance in the form of letters of credit for environmental and site restoration costs, custom credits, government grants and other general corporate purposes. As at December 31, 2021, the total amount of these guarantees was $533.2 million. Certain of the Company’s properties are subject to royalty arrangements. Set out below are the Company's most significant royalty arrangements related to operating mines: ● The Company has a royalty agreement with the Finnish government relating to the Kittila mine. Starting 12 months after the Kittila mine’s operations commenced, the Company has been required to pay 2.0% net smelter return royalty, defined as revenue less processing costs. ● The Partnership is committed to pay a royalty on production or metal sales from certain properties in Quebec, Canada. The type of royalty agreements include, but are not limited to, net smelter return royalties, with percentages ranging from 1.5% to 5.0% . ● The Company is committed to pay a 5.0% net profits interest royalty on production from the Terrex property at the LaRonde mine in Quebec, Canada. ● The Company is committed to pay a 2.0% net smelter return royalty on the metal sales from the LaRonde Zone 5 mine in Quebec, Canada. ● The Company is committed to pay a 1.2% net smelter return royalty on sales from the Meliadine mine in Nunavut, Canada. ● The Company is committed to two royalty arrangements on production from the Amaruq satellite deposit at the Meadowbank Complex in Nunavut, Canada, a 1.4% net smelter return royalty and a 12.0% net profits interest royalty. ● The Company is committed to three royalty arrangements on production from the Hope Bay property in Nunavut, Canada, two 1% net smelter return royalties and a 12% net profit interest royalty. ● The Company is committed to pay a royalty on production from certain properties in Mexico. The type of royalty agreements include, but are not limited to, net smelter return royalties, with percentages ranging from 2.5% to 3.5% at the Pinos Altos and Creston Mascota mines and with percentages ranging from 2.0% to 3.0% at the La India mine. The Company regularly enters into various earn-in and shareholder agreements, often with commitments to pay net smelter return and other royalties. The Company had the following contractual commitments as at December 31, 2021, of which $62.3 million related to capital expenditures: ​ ​ ​ ​ ​ ​ Contractual ​ ​ Commitments 2022 ​ $ 73,151 2023 ​ 7,221 2024 ​ 4,283 2025 ​ 4,067 2026 ​ ​ 2,340 Thereafter ​ 13,777 Total ​ $ 104,839 ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	28. SUBSEQUENT EVENTS Dividends Declared On February 23, 2022, Agnico Eagle announced that the Board approved the payment of a quarterly cash dividend of $0.40 per common share (a total value of approximately $181.7 million), payable on March 15, 2022 to holders of record of the common shares of the Company on March 7, 2022. Acquisition of Kirkland On February 8, 2022, the Company completed the acquisition of all the issued and outstanding shares of Kirkland in exchange for the issuance of Agnico Eagle common shares to former Kirkland shareholders. Each Kirkland shareholder received 0.7935 of a common share of Agnico as consideration for each Kirkland share, which resulted in the issuance of 209,274,263 Agnico common shares. The Company has determined that this transaction represents a business combination with Agnico identified as the acquirer. Kirkland owns and operates the Detour Lake and Macassa mines in Canada and the Fosterville mine in Australia, and also owns exploration properties in Canada and Australia. Agnico will consolidate the operating results, cash flows and net assets of Kirkland from February 8, 2022. The Company will report the financial statement impact of the acquisition, including the allocation of the purchase price based on the fair values of identifiable assets acquired and liabilities assumed as at the acquisition date, in its interim financial statements for the first quarter ending March 31, 2022. Suspension of mining operations at Hope Bay The Company announced in February 2022 that production activities at the Hope Bay mine will be suspended for the remainder of 2022 and 2023 and the Company’s focus during this time will be accelerating exploration at the Hope Bay property and the evaluation of future production scenarios for Hope Bay. Care and maintenance activities will continue during the period of suspension. ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business Combinations	A) Business Combinations In a business combination, the acquisition method of accounting is used, whereby the purchase consideration is allocated to the fair value of identifiable assets acquired and liabilities assumed at the date of acquisition. Where the cost of the acquisition exceeds the fair values of the identifiable net assets acquired, the difference is recorded as goodwill. Preliminary fair values allocated at a reporting date are finalized as soon as the relevant information is available, within a period not to exceed twelve months from the acquisition date with retroactive restatement of the impact of adjustments to those preliminary fair values effective as at the acquisition date. Acquisition related costs are expensed as incurred.
Foreign Currency Translation	B) Foreign Currency Translation The functional currency of the Company, for each subsidiary and for joint arrangements, is the currency of the primary economic environment in which it operates. The functional currency of all of the Company’s operations is the US dollar. Once the Company determines the functional currency of an entity, it is not changed unless there is a significant change in the relevant underlying transactions, events and circumstances. Any change in an entity’s functional currency is accounted for prospectively from the date of the change, and the consolidated balance sheets are translated using the exchange rate at that date. At the end of each reporting period, the Company translates foreign currency balances as follows: ● monetary items are translated at the closing rate in effect at the consolidated balance sheet date; ● non-monetary items that are measured in terms of historical cost are translated using the exchange rate at the date of the transaction. Items measured at fair value are translated at the exchange rate in effect at the date the fair value was measured; and ● revenue and expense items are translated using the average exchange rate during the period.
Cash and Cash Equivalents	C) Cash and Cash Equivalents The Company’s cash and cash equivalents include cash on hand and short-term investments in money market instruments with remaining maturities of three months or less at the date of purchase. The Company places its cash and cash equivalents and short-term investments in high quality securities issued by government agencies, financial institutions and major corporations and limits the amount of credit exposure by diversifying its holdings. Cash and cash equivalents are classified as financial assets measured at amortized cost.
Short-term Investments	D) Short-term Investments The Company’s short-term investments include financial instruments with remaining maturities of greater than three months but less than one year at the date of purchase. Short-term investments are designated as financial assets measured at amortized cost, which approximates fair value given the short-term nature of these investments.
Inventories	E) Inventories Inventories consist of ore stockpiles, concentrates, dore bars and supplies. Inventories are carried at the lower of cost and net realizable value (“NRV”). Cost is determined using the weighted average basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Cost of inventories includes direct costs of materials and labour related directly to mining and processing activities, including production phase stripping costs, amortization of property, plant and mine development directly involved in the related mining and production process, amortization of any stripping costs previously capitalized and directly attributable overhead costs. When interruptions to production occur, an adjustment is made to the costs included in inventories, such that they reflect normal capacity. Abnormal costs are expensed in the period they are incurred. The current portion of ore stockpiles, ore on leach pads and inventories is determined based on the amounts expected to be processed within the next twelve months. Ore stockpiles, ore on leach pads and inventories not expected to be processed or used within the next twelve months are classified as long-term. NRV is estimated by calculating the net selling price less costs to be incurred in converting the relevant inventories to saleable product and delivering it to a customer. Costs to complete are based on management’s best estimate as at the consolidated balance sheet date. An NRV impairment may be reversed in a subsequent period if the circumstances that triggered the impairment no longer exist.
Financial Instruments	F) Financial Instruments The Company’s financial assets and liabilities (financial instruments) include cash and cash equivalents, short-term investments, restricted cash, trade receivables, loans receivable, equity securities, share purchase warrants, accounts payable and accrued liabilities, long-term debt and derivative financial instruments. Financial instruments are recorded at fair value and classified at initial recognition and subsequently measured at amortized cost, fair value through other comprehensive income (“FVOCI”), or fair value through profit or loss (“FVPL”). Subsequent to initial recognition, financial instruments classified as cash and cash equivalents, short-term investments, loans receivable, accounts payable and accrued liabilities, and long-term debt are measured at amortized cost using the effective interest method. Other financial instruments are recorded at fair value subsequent to initial recognition. Equity Securities The Company’s equity securities consist primarily of investments in common shares of entities in the mining industry recorded using trade date accounting. On initial recognition of an equity investment, the Company may irrevocably elect to measure the investment at FVOCI where changes in the fair value of equity securities are permanently recognized in other comprehensive income and will not be reclassified to profit or loss. The realized gain or loss is reclassified from other comprehensive income to the deficit when the asset is de-recognized. The election is made on an investment-by-investment basis. Derivative Instruments and Hedge Accounting The Company uses derivative financial instruments (primarily option and forward contracts) to manage exposure to fluctuations in by-product metal prices, interest rates, and foreign currency exchange rates and may use such means to manage exposure to certain input costs. The Company recognizes all derivative financial instruments in the consolidated financial statements at fair value and they are classified based on contractual maturity. Derivative instruments are classified as either hedges of highly probable forecast transactions (cash flow hedges) or non-hedge derivatives. Derivatives designated as a cash flow hedge that are expected to be highly effective in achieving offsetting changes in cash flows are assessed on an ongoing basis to determine that they have actually been highly effective throughout the financial reporting periods for which they were designated. Derivative assets and derivative liabilities are shown separately in the consolidated balance sheets unless there is a legal right to offset and intent to settle on a net basis. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income. The gain or loss relating to the ineffective portion is recognized in the gain or loss on derivative financial instruments line item in the consolidated statements of income. Amounts deferred in other comprehensive income are reclassified when the hedged transaction has occurred. Derivative instruments that do not qualify for hedge accounting are recorded at fair value at the balance sheet date, with changes in fair value recognized in the gain or loss on derivative financial instruments line item in the consolidated statements of income (FVPL). The Company also holds share purchase warrants of certain publicly traded entities where it has an investment in equity securities. Share purchase warrants are accounted for as derivative financial instruments and presented as part of investments in the consolidated balance sheets. Expected Credit Loss Impairment Model An assessment of the expected credit loss related to a financial asset is undertaken upon initial recognition and at the end of each reporting period based on the credit quality of the debtor and any changes that impact the risk of impairment.
Goodwill	G) Goodwill Goodwill is recognized in a business combination if the cost of the acquisition exceeds the fair values of the identifiable net assets acquired. Goodwill is then allocated to the cash generating unit (“CGU”) or group of CGUs that are expected to benefit from the synergies of the combination. A CGU is the smallest identifiable group of assets that generates cash inflows which are largely independent of the cash inflows from other assets or groups of assets. The Company performs goodwill impairment tests on an annual basis as at December 31 each year. In addition, the Company assesses for indicators of impairment at each reporting period-end and, if an indicator of impairment is identified, goodwill is tested for impairment at that time. If the carrying value of the CGU or group of CGUs to which goodwill is assigned exceeds its recoverable amount, an impairment loss is recognized. Goodwill impairment losses are recorded in the consolidated statements of income and they are not subsequently reversed. The recoverable amount of a CGU or group of CGUs is measured as the higher of value in use and fair value less costs of disposal.
Mining Properties, Plant and Equipment and Mine Development Costs	H) Mining Properties, Plant and Equipment and Mine Development Costs Mining Properties The cost of mining properties includes the fair value attributable to proven and probable mineral reserves and mineral resources acquired in a business combination or asset acquisition, underground mine development costs, deferred stripping, capitalized exploration and evaluation costs and capitalized borrowing costs. Significant payments related to the acquisition of land and mineral rights are capitalized as mining properties at cost. If a mineable ore body is discovered, such costs are amortized to income when commercial production commences, using the units-of-production method, based on estimated proven and probable mineral reserves and the mineral resources included in the current life of mine plan. If no mineable ore body is discovered, such costs are expensed in the period in which it is determined that the property has no future economic value. Cost components of a specific project that are included in the capital cost of the asset include salaries and wages directly attributable to the project, supplies and materials used in the project, and incremental overhead costs that can be directly attributable to the project. Assets under construction are not amortized until the earlier of the end of the construction period or once commercial production is achieved. Upon achieving the production stage, the capitalized construction costs are transferred to the appropriate category within property, plant and mine development. Plant and Equipment Expenditures for new facilities and improvements that can extend the useful lives of existing facilities are capitalized as plant and equipment at cost. The cost of an item of plant and equipment includes: its purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates; any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management; and the estimate of the costs of dismantling and removing the item and restoring the site on which it is located other than costs that arise as a consequence of having used the item to produce inventories during the period. An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statements of income when the asset is derecognized. Amortization of an asset begins when the asset is in the location and condition necessary for it to operate in the manner intended by management. Amortization ceases at the earlier of the date the asset is classified as held for sale or the date the asset is derecognized. Assets under construction are not amortized until the earlier of the end of the construction period or once commercial production is achieved. Amortization is charged according to either the units-of-production method or on a straight line basis, according to the pattern in which the asset’s future economic benefits are expected to be consumed. Amortization does not cease when an asset becomes idle or is retired from active use unless the asset is fully amortized; however, under the units-of-production method of amortization, the amortization charge can be zero when there is no production. The amortization method applied to an asset is reviewed at least annually. Useful lives of property, plant and equipment are based on the lesser of the estimated mine lives as determined by proven and probable mineral reserves and the mineral resources included in the current life of mine plan and the estimated useful life of the asset. Remaining mine lives at December 31, 2021 range from an estimated 3 The following table sets out the useful lives of certain assets: ​ ​ ​ ​ ​ Useful Life Buildings ​ 5 to 30 years Leasehold Improvements ​ 15 years Software and IT Equipment ​ 1 to 10 years Furniture and Office Equipment ​ 3 to 5 years Machinery and Equipment ​ 1 to 30 years ​ Mine Development Costs Mine development costs incurred after the commencement of commercial production are capitalized when they are expected to have a future economic benefit. Activities that are typically capitalized include costs incurred to build shafts, drifts, ramps and access corridors which enables the Company to extract ore underground. The Company records amortization on underground mine development costs on a units-of-production basis based on the estimated tonnage of proven and probable mineral reserves and the mineral resources included in the current life of mine plan of the identified component of the ore body. The units-of-production method defines the denominator as the total tonnage of proven and probable mineral reserves and the mineral resources included in the current life of mine plan. Deferred Stripping In open pit mining operations, it is necessary to remove overburden and other waste materials to access ore from which minerals can be extracted economically. The process of mining overburden and waste materials is referred to as stripping. During the development stage of the mine, stripping costs are capitalized as part of the cost of building, developing and constructing the mine and are amortized once the mine has entered the production stage. During the production stage of a mine, stripping costs are recorded as a part of the cost of inventories unless these costs are expected to provide a future economic benefit and, in such cases, are capitalized to property, plant and mine development. Production stage stripping costs provide a future economic benefit when: ● It is probable that the future economic benefit ( e.g ., improved access to the ore body) associated with the stripping activity will flow to the Company; ● The Company can identify the component of the ore body for which access has been improved; and ● The costs relating to the stripping activity associated with that component can be measured reliably. Capitalized production stage stripping costs are amortized over the expected useful life of the identified component of the ore body that becomes more accessible as a result of the stripping activity. Borrowing Costs Borrowing costs are capitalized to qualifying assets. Qualifying assets are assets that take a substantial period of time to prepare for the Company’s intended use, which includes projects that are in the exploration and evaluation, development or construction stages. Borrowing costs attributable to the acquisition, construction or production of qualifying assets are added to the cost of those assets until such time as the assets are substantially ready for their intended use. All other borrowing costs are recognized as finance costs in the period in which they are incurred. Where the funds used to finance a qualifying asset form part of general borrowings, the amount capitalized is calculated using a weighted average of rates applicable to the relevant borrowings during the period.
Leases	I) Leases At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company assesses whether: ● The contract involves the use of an explicitly or implicitly identified asset; ● The Company has the right to obtain substantially all of the economic benefits from the use of the asset throughout the contract term; ● The Company has the right to direct the use of the asset. The Company recognizes a right-of-use asset and a lease obligation at the commencement date of the lease (i.e. the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease obligations. The cost of right-of-use assets includes the initial amount of lease obligations recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the right-of-use assets are depreciated on a straight-line basis over the shorter of the estimated useful life and the lease term. Right-of-use assets are subject to impairment. At the commencement date of the lease, the Company recognizes lease obligations measured at the present value of lease payments to be made over the lease term, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate. The lease payments include fixed payments, variable lease payments that depend on an index or a rate, amounts expected to be paid under residual value guarantees and the exercise price of a purchase option reasonably certain to be exercised by the Company. After the commencement date, the amount of lease obligations is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease obligations is remeasured if there is a modification, a change in the lease term, a change in the fixed lease payments, changes based on an index or rate or a change in the assessment to purchase the underlying asset. The Company presents right-of-use assets in the property, plant and mine development line item on the consolidated balance sheets and lease obligations in the lease obligations line item on the consolidated balance sheets. The Company has elected not to recognize right-of-use assets and lease obligations for leases that have a lease term of 12 months or less and do not contain a purchase option, for leases related to low value assets, or for leases with variable lease payments. Payments on short-term leases, leases of low value assets, and leases with variable payment amounts are recognized as an expense in the consolidated statements of income.
Development Stage Expenditures	J) Development Stage Expenditures Development stage expenditures are costs incurred to obtain access to proven and probable mineral reserves or mineral resources and provide facilities for extracting, treating, gathering, transporting and storing the minerals. The development stage of a mine commences when the technical feasibility and commercial viability of extracting the mineral resource has been determined. Costs that are directly attributable to mine development are capitalized as property, plant and mine development to the extent that they are necessary to bring the property to commercial production. Abnormal costs are expensed as incurred. Indirect costs are included only if they can be directly attributed to the area of interest. General and administrative costs are capitalized as part of the development expenditures when the costs are directly attributed to a specific mining development project. Revenue from metal sales prior to the achievement of commercial production is deducted from mine development costs in the consolidated balance sheets and is not included in revenue from mining operations. Commercial Production A mine construction project is considered to have entered the production stage when the mine construction assets are available for use. In determining whether mine construction assets are considered available for use, the criteria considered include, but are not limited to, the following: ● completion of a reasonable period of testing mine plant and equipment; ● ability to produce minerals in saleable form (within specifications); and ● ability to sustain ongoing production of minerals. When a mine construction project moves into the production stage, amortization commences, the capitalization of certain mine construction costs ceases and expenditures are either capitalized to inventories or expensed as incurred. Exceptions include costs incurred for additions or improvements to property, plant and mine development and open-pit stripping activities.
Impairment and Impairment Reversal of Long-lived Assets	K) Impairment and Impairment Reversal of Long-lived Assets At the end of each reporting period the Company assesses whether there is any indication that long-lived assets other than goodwill may be impaired. If an indicator of impairment exists, the recoverable amount of the asset is calculated in order to determine if any impairment loss is required. If it is not possible to estimate the recoverable amount of the individual asset, assets are grouped at the CGU level for the purpose of assessing the recoverable amount. An impairment loss is recognized for any excess of the carrying amount of the CGU over its recoverable amount. If the CGU includes goodwill, the impairment loss related to a CGU is first allocated to goodwill and the remaining loss is allocated on a pro-rata basis to the remaining long-lived assets of the CGU based on their carrying amounts. Impairment losses are recorded in the consolidated statements of income in the period in which they occur. Any impairment charge that is taken on a long-lived asset other than goodwill is reversed if there are subsequent changes in the estimates or significant assumptions that were used to recognize the impairment loss that result in an increase in the recoverable amount of the CGU. If an indicator of impairment reversal has been identified, the recoverable amount of the asset is calculated in order to determine if any impairment reversal is required. A recovery is recognized to the extent the recoverable amount of the asset exceeds its carrying amount. The amount of the reversal is limited to the difference between the current carrying amount and the amount which would have been the carrying amount had the earlier impairment not been recognized and amortization of that carrying amount had continued. The impairment reversal is allocated on a pro-rata basis to the existing long-lived assets of the CGU based on their carrying amounts. Impairment reversals are recorded in the consolidated statements of income in the period in which they occur.
Debt	L) Debt Debt is initially recorded at fair value, net of financing costs incurred. Debt is subsequently measured at amortized cost. Any difference between the amounts received and the redemption value of the debt is recognized in the consolidated statements of income over the period to maturity using the effective interest rate method.
Reclamation Provisions	M) Reclamation Provisions Asset retirement obligations (“AROs”) arise from the acquisition, development and construction of mining properties and plant and equipment due to government controls and regulations that protect the environment on the closure and reclamation of mining properties. The major parts of the carrying amount of AROs relate to tailings and heap leach pad closure and rehabilitation, demolition of buildings and mine facilities, ongoing water treatment and ongoing care and maintenance of closed mines. The Company recognizes an ARO at the time the environmental disturbance occurs or a constructive obligation is determined to exist based on the Company’s best estimate of the timing and amount of expected cash flows expected to be incurred. When the ARO provision is recognized, the corresponding cost is capitalized to the related item of property, plant and mine development. Reclamation provisions that result from disturbance in the land to extract ore in the current period is included in the cost of inventories. The timing of the actual environmental remediation expenditures is dependent on a number of factors such as the life and nature of the asset, the operating licence conditions and the environment in which the mine operates. Reclamation provisions are measured at the expected value of future cash flows discounted to their present value using a risk-free interest rate. AROs are adjusted each period to reflect the passage of time (accretion). Accretion expense is recorded in finance costs each period. Upon settlement of an ARO, the Company records a gain or loss if the actual cost differs from the carrying amount of the ARO. Settlement gains or losses are recorded in the consolidated statements of income. Expected cash flows are updated to reflect changes in facts and circumstances. The principal factors that can cause expected cash flows to change are the construction of new processing facilities, changes in the quantities of material in mineral reserves and mineral resources and a corresponding change in the life of mine plan, changing ore characteristics that impact required environmental protection measures and related costs, changes in water quality that impact the extent of water treatment required and changes in laws and regulations governing the protection of the environment. Each reporting period, provisions for AROs are remeasured to reflect any changes to significant assumptions, including the amount and timing of expected cash flows and risk-free interest rates. Changes to the reclamation provision resulting from changes in estimate are added to or deducted from the cost of the related asset, except where the reduction of the reclamation provision exceeds the carrying value of the related assets in which case the asset is reduced to nil and the remaining adjustment is recognized in the consolidated statements of income. Environmental remediation liabilities (“ERLs”) are differentiated from AROs in that ERLs do not arise from environmental contamination in the normal operation of a long-lived asset or from a legal or constructive obligation to treat environmental contamination resulting from the acquisition, construction or development of a long-lived asset. The Company is required to recognize a liability for obligations associated with ERLs arising from past acts. ERLs are measured by discounting the expected related cash flows using a risk-free interest rate. The Company prepares estimates of the timing and amount of expected cash flows when an ERL is incurred. Each reporting period, the Company assesses cost estimates and other assumptions used in the valuation of ERLs to reflect events, changes in circumstances and new information available. Changes in these cost estimates and assumptions have a corresponding impact on the value of the ERL. Any change in the value of ERLs results in a corresponding charge or credit to the consolidated statements of income. Upon settlement of an ERL, the Company records a gain or loss if the actual cost differs from the carrying amount of the ERL in the consolidated statements of income.
Post-employment Benefits	N) Post-employment Benefits In Canada, the Company maintains a defined contribution plan covering all of its employees (the ”Basic Plan”). The Basic Plan is funded by Company contributions based on a percentage of income for services rendered by employees. In addition, the Company has a supplemental plan for designated executives at the level of Vice-President or above (the ”Supplemental Plan”). Under the Supplemental Plan, an additional 10.0% of the designated executives’ income is contributed by the Company. The Company provides a defined benefit retirement program (the “Retirement Program”) for certain eligible employees that provides a lump-sum payment upon retirement. The payment is based on age and length of service at retirement. An eligible employee is entitled to a benefit if they have completed more than 10 years as a permanent employee and have attained a minimum age of 57. The Retirement Program is not funded. The Company also provides a non-registered supplementary executive retirement defined benefit plan for certain current and former senior officers (the ”Executives Plan”). The Executives Plan benefits are generally based on the employee’s years of service and level of compensation. Pension expense related to the Executives Plan is the net of the cost of benefits provided (including the cost of any benefits provided for past service), the net interest cost on the net defined liability/asset, and the effects of settlements and curtailments related to special events. Pension fund assets are measured at their current fair values. The costs of pension plan improvements are recognized immediately in expense when they occur. Remeasurements of the net defined benefit liability are recognized immediately in other comprehensive income and are subsequently transferred to retained earnings. The Company provides three defined benefit retirement plans for certain eligible employees in Mexico (the “Mexico Plans”) that provide a lump-sum payment upon retirement. The payment is based on age and length of service at retirement. Eligible employees are entitled to a benefit if they have completed 15 years of service as a permanent employee and are 60 years of age or older. The Mexico Plans are not funded. Defined Contribution Plan The Company recognizes the contributions payable to a defined contribution plan in exchange for services rendered by employees as an expense, unless another policy requires or permits the inclusion of the contribution in the cost of an asset. After deducting contributions already paid, a liability is recorded throughout each period to reflect unpaid but earned contributions. If the contribution paid exceeds the contribution due for the service before the end of the reporting period, the Company recognizes that excess as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Defined Benefit Plan Plan assets are measured at their fair value at the consolidated balance sheet date and are deducted from the present value of plan liabilities to arrive at a net defined benefit liability/asset. The defined benefit obligation reflects the expected future payments required to settle the obligation resulting from employee service in the current and prior periods. Current service cost represents the actuarially calculated present value of the benefits earned by the active employees in each period and reflects the economic cost for each period based on current market conditions. The current service cost is based on the most recent actuarial valuation. The net interest on the net defined benefit liability/asset is the change during the period in the defined benefit liability/asset that arises from the passage of time. Past service cost represents the change in the present value of the defined benefit obligation resulting from a plan amendment or curtailment. Past service costs from plan amendments that increase or decrease vested or unvested benefits are recognized immediately in net income at the earlier of when the related plan amendment occurs or when the entity recognizes related restructuring costs or termination benefits. Gains or losses on plan settlements are measured as the difference in the present value of the defined benefit obligation and settlement price. This results in a gain or loss being recognized when the benefit obligation settles. Actuarial gains and losses are recorded on the consolidated balance sheets as part of the benefit plan’s funded status. Gains and losses are recognized immediately in other comprehensive income and are subsequently transferred to retained earnings and are not recognized in net income.
Contingent Liabilities and Other Provisions	O) Contingent Liabilities and Other Provisions Provisions are recognized when a present obligation exists (legal or constructive), as a result of a past event, for which it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the expenditure required to settle the obligation at the consolidated balance sheet date, measured using the expected cash flows discounted for the time value of money. The increase in provision (accretion) due to the passage of time is recognized as a finance cost in the consolidated statements of income. Contingent liabilities are possible obligations whose existence will be confirmed only on the occurrence or non-occurrence of uncertain future events outside the entity’s control, or present obligations that are not recognized because it is not probable that an outflow of economic benefits would be required to settle the obligation or the amount cannot be measured reliably. Contingent liabilities are not recognized but are disclosed and described in the notes to the consolidated financial statements, including an estimate of their potential financial effect and uncertainties relating to the amount or timing of any outflow, unless the possibility of settlement is remote. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company, with assistance from its legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.
Stock-based Compensation	P) Stock-based Compensation The Company offers equity-settled awards (the employee stock option plan, incentive share purchase plan, restricted share unit plan and performance share unit plan) to certain employees, officers and directors of the Company. Employee Stock Option Plan (“ESOP”) The Company’s ESOP provides for the granting of options to directors, officers, employees and service providers to purchase common shares. Options have exercise prices equal to the market price on the day prior to the date of grant. The fair value of these options is recognized in the consolidated statements of income or in the consolidated balance sheets if capitalized as part of property, plant and mine development over the applicable vesting period as a compensation cost. Any consideration paid by employees on exercise of options or purchase of common shares is credited to share capital. Fair value is determined using the Black-Scholes option valuation model, which requires the Company to estimate the expected volatility of the Company’s share price and the expected life of the stock options. Limitations with existing option valuation models and the inherent difficulties associated with estimating these variables create difficulties in determining a reliable single measure of the fair value of stock option grants. The cost is recorded over the vesting period of the award to the same expense category as the award recipient’s payroll costs and the corresponding entry is recorded in equity. Equity-settled awards are not remeasured subsequent to the initial grant date. The dilutive impact of stock option grants is factored into the Company’s reported diluted net income per share. The stock option expense incorporates an expected forfeiture rate, estimated based on expected employee turnover. Incentive Share Purchase Plan (“ISPP”) Under the ISPP, directors (excluding non-executive directors), officers and employees (the ”Participants”) of the Company may contribute up to 10.0% of their basic annual salaries and the Company contributes an amount equal to 50.0% of each Participant’s contribution. All common shares subscribed for under the ISPP are issued by the Company. The Company records an expense equal to its cash contribution to the ISPP. No forfeiture rate is applied to the amounts accrued. Where an employee leaves prior to the vesting date, any accrual for contributions by the Company during the vesting period related to that employee is reversed. Restricted Share Unit (“RSU”) Plan The RSU plan is open to directors and certain employees, including senior executives, of the Company. Common shares are purchased and held in a trust until they have vested. The cost is recorded over the vesting period of the award to the same expense category as the award recipient’s payroll costs. The cost of the RSUs is recorded within equity until settled. Equity-settled awards are not remeasured subsequent to the initial grant date. Performance Share Unit (“PSU”) Plan The PSU plan is open to senior executives of the Company. Common shares are purchased and held in a trust until they have vested. PSUs are subject to vesting requirements based on specific performance measurements by the Company. The fair value for the portion of the PSUs related to market conditions is based on the application of pricing models at the grant date and the fair value for the portion related to non-market conditions is based on the market value of the shares at the grant date. Compensation expense is based on the current best estimate of the outcome for the specific performance measurement established by the Company and is recognized over the vesting period based on the number of units estimated to vest. The cost of the PSUs is recorded within equity until settled. Equity-settled awards are not remeasured subsequent to the initial grant date.
Revenue from Contracts with Customers	Q) Revenue from Contracts with Customers Gold and Silver The Company sells gold and silver to customers in the form of bullion and dore bars. The Company recognizes revenue from these sales when control of the gold or silver has transferred to the customer. This is generally at the point in time when the gold or silver is credited to the metal account of the customer. Once the gold or silver has been credited to the customer’s metal account, the customer has legal title to, physical possession of, and the risks and rewards of ownership of the gold or silver; therefore, the customer is able to direct the use of and obtain substantially all of the remaining benefits from the gold or silver. Under certain contracts with customers the transfer of control may occur when the gold or silver is in transit from the mine to the refinery. At this point in time, the customer has legal title to and the risk and rewards of ownership of the gold or silver; therefore, the customer is able to direct the use of and obtain substantially all of the remaining benefits from the gold or silver. Revenue is measured at the transaction price agreed under the contract. Payment of the transaction price is due immediately when control of the gold or silver is transferred to the customer. Generally, all of the gold and silver in the form of dore bars recovered in the Company’s milling process is sold in the period in which it is produced. Metal Concentrates The Company sells concentrate from certain of its mines to third-party smelter customers. These concentrates predominantly contain zinc and copper, along with quantities of gold and silver. The Company recognizes revenue from these concentrate sales when control of the concentrate has transferred to the customer, which is the point in time that the concentrate is delivered to the customer. Upon delivery, the customer has legal title to, physical possession of, and the risks and rewards of ownership of the concentrate. The customer is also committed to accept and pay for the concentrates once delivered; therefore, the customer is able to direct the use of and obtain substantially all of the remaining benefits from the concentrate. The final prices for metals contained in the concentrate are generally determined based on the prevailing spot market metal prices on a specific future date, which is established as of the date the concentrate is delivered to the customer. Upon transfer of control at delivery, the Company measures revenue under these contracts based on forward prices at the time of delivery and the most recent determination of the quantity of contained metals less smelting and refining charges charged by the customer. This reflects the best estimate of the transaction price expected to be received at final settlement. A receivable is recognized for this amount and subsequently measured at fair value to reflect variability associated with the embedded derivative for changes in the market metal prices. These changes in the fair value of the receivable are adjusted through revenue from other sources at each subsequent financial statement date. Under certain contracts with customers, the sale of gold contained in copper concentrate occurs once the metal has been processed into refined gold and is sold separately similar to the gold and silver dore bar terms described above. The transaction price for the sale of gold contained in concentrate is determined based on the spot market price upon delivery and provisional pricing does not apply.
Exploration and Evaluation Expenditures	R) Exploration and Evaluation Expenditures Exploration and evaluation expenditures are the costs incurred in the initial search for mineral deposits with economic potential or in the process of obtaining more information about existing mineral deposits. Exploration expenditures typically include costs associated with prospecting, sampling, mapping, diamond drilling and other work involved in searching for ore. Evaluation expenditures are the costs incurred to establish the technical and commercial viability of developing mineral deposits identified through exploration activities or by acquisition. Exploration and evaluation expenditures are expensed as incurred unless it can be demonstrated that the project will generate future economic benefit. When it is determined that a project can generate future economic benefit the costs are capitalized in the property, plant and mine development line item in the consolidated balance sheets. The exploration and evaluation phase ends when the technical feasibility and commercial viability of extracting the mineral is demonstrable.
Net Income Per Share	S) Net Income Per Share Basic net income per share is calculated by dividing net income for a given period by the weighted average number of common shares outstanding during that same period. Diluted net income per share reflects the potential dilution that could occur if holders with rights to convert instruments to common shares exercise these rights. The weighted average number of common shares used to determine diluted net income per share includes an adjustment, using the treasury stock method, for stock options outstanding. Under the treasury stock method: ● the exercise of options is assumed to occur at the beginning of the period (or date of issuance, if later); ● the proceeds from the exercise of options plus the future period compensation expense on options granted are assumed to be used to purchase common shares at the average market price during the period; and ● the incremental number of common shares (the difference between the number of shares assumed issued and the number of shares assumed purchased) is included in the denominator of the diluted net income per share calculation.
Income Taxes	T) Income Taxes Current and deferred tax expenses are recognized in the consolidated statements of income except to the extent that they relate to a business combination, or to items recognized directly in equity or in other comprehensive income. Current tax expense is based on substantively enacted statutory tax rates and laws at the consolidated balance sheet date. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the tax basis of such assets and liabilities measured using tax rates and laws that are substantively enacted at the consolidated balance sheet date and effective for the reporting period when the temporary differences are expected to reverse. Deferred taxes are not recognized in the following circumstances: ● where a deferred tax liability arises from the initial recognition of goodwill; ● where a deferred tax asset or liability arises on the initial recognition of an asset or liability in a transaction which is not a business combination and, at the time of the transaction, affects neither net income nor taxable profits; and ● for temporary differences relating to investments in subsidiaries and jointly controlled entities to the extent that the Company can control the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognized for unused tax losses and tax credits carried forward and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be utilized except as noted above. At each reporting period, previously unrecognized deferred tax assets are reassessed to determine whether it has become probable that future taxable profits will allow the deferred tax assets to be recovered.
Comparative Figures	U) Comparative Figures Certain figures in the consolidated financial statements have been reclassified from statements previously presented to conform to the presentation of these financial statements as at and for the year ended December 31, 2020.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) In May 2020, the IASB issued amendments to IAS 16 Property, Plant and Equipment that clarify the accounting for the net proceeds from selling any items produced while bringing an item of property, plant and mine development to the location and condition necessary for it to be capable of operating in the manner intended by management. The amendments prohibit entities from deducting amounts received from selling items produced from the cost of property, plant and mine development while the Company is preparing the asset for its intended use. Instead, sales proceeds and the cost of producing these items will be recognized in the consolidated statements of income. The amendments are effective for annual reporting periods beginning on or after January 1, 2022, with earlier application permitted. The amendments apply retrospectively, but only to assets brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after the beginning of the earliest period presented in the financial statements in which the Company first applies the amendments. Adoption of the standard on the effective date and applying it retrospectively to the fiscal year beginning January 1, 2021 will result in a restatement to increase revenue from mining operations from the sale of pre-commercial gold production in 2021 by approximately $45.7 million and related production costs by approximately $16.7 million, with a corresponding net increase in the cost of property plant and mine development of approximately $29.0 million.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of details of property, plant and equipment, estimated useful lives	​ ​ ​ ​ ​ Useful Life Buildings ​ 5 to 30 years Leasehold Improvements ​ 15 years Software and IT Equipment ​ 1 to 10 years Furniture and Office Equipment ​ 3 to 5 years Machinery and Equipment ​ 1 to 30 years

ACQUISITION (Tables)

ACQUISITION (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Schedule of allocation of the purchase price to assets acquired and liabilities assumed	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preliminary (i) Adjustments Adjusted Final Cash and cash equivalents ​ $ 39,682 ​ $ — ​ $ 39,682 Restricted cash ​ 21,796 ​ — ​ 21,796 Inventories ​ 84,576 ​ — ​ 84,576 Other current assets ​ 2,028 ​ — ​ 2,028 Property, plant and mine development ​ 206,507 ​ (23,397) ​ 183,110 Deferred income tax asset ​ 109,700 ​ 23,397 ​ 133,097 Accounts payable and accrued and other liabilities (ii) ​ (84,805) ​ — ​ (84,805) Advance due to Agnico Eagle ​ (105,000) ​ — ​ (105,000) Reclamation provision ​ (48,904) ​ — ​ (48,904) Total assets acquired, net of liabilities assumed ​ $ 225,580 ​ $ — ​ $ 225,580 Notes: (i) Preliminary estimates of the fair value of assets acquired and liabilities assumed are presented as reported in the Company’s condensed interim consolidated financial statements as at the acquisition date. (ii) Included $50.0 million payable to repurchase the Hope Bay 1.5% net smelter return royalty.
TMAC Resources Inc.
Disclosure of detailed information about business combination [line items]
Schedule of allocation of the purchase price to assets acquired and liabilities assumed	​ ​ ​ ​ ​ Purchase of TMAC common shares for C$2.20 per share $ 225,580

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	12 Months Ended
	Dec. 31, 2021
FAIR VALUE MEASUREMENT
Schedule of financial assets and liabilities measured at fair value on a recurring basis	The following table sets out the Company's financial assets and liabilities measured at fair value on a recurring basis as at December 31, 2021 using the fair value hierarchy: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Financial assets: ​ ​ ​ ​ ​ Trade receivables ​ $ — ​ $ 13,545 ​ $ — ​ $ 13,545 Equity securities (FVOCI) ​ ​ 244,876 ​ ​ 24,074 ​ ​ — ​ ​ 268,950 Share purchase warrants (FVPL) ​ ​ — ​ ​ 74,559 ​ ​ — ​ ​ 74,559 Fair value of derivative financial instruments ​ ​ — ​ ​ 12,305 ​ ​ — ​ ​ 12,305 Total financial assets ​ $ 244,876 ​ $ 124,483 ​ $ — ​ $ 369,359 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of derivative financial instruments ​ $ — ​ $ 22,089 ​ $ — ​ $ 22,089 Total financial liabilities ​ $ — ​ $ 22,089 ​ $ — ​ $ 22,089 ​ The following table sets out the Company’s financial assets and liabilities measured at fair value on a recurring basis as at December 31, 2020 using the fair value hierarchy: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Financial assets: ​ ​ ​ ​ ​ Trade receivables ​ $ — ​ $ 11,867 ​ $ — ​ $ 11,867 Equity securities (FVOCI) ​ 255,316 ​ 27,040 ​ — ​ 282,356 Share purchase warrants (FVPL) ​ ​ — ​ ​ 92,747 ​ ​ — ​ ​ 92,747 Fair value of derivative financial instruments ​ — ​ 35,516 ​ — ​ 35,516 Total financial assets ​ $ 255,316 ​ $ 167,170 ​ $ — ​ $ 422,486 Financial liabilities: ​ ​ ​ ​ ​ Fair value of derivative financial instruments ​ $ — ​ $ 904 ​ $ — ​ $ 904 Total financial liabilities ​ $ — ​ $ 904 ​ $ — ​ $ 904

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2021
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Ore in stockpiles and on leach pads ​ $ 140,288 ​ $ 80,722 Concentrates and dore bars ​ 125,738 ​ 111,100 Supplies ​ 612,918 ​ 438,652 Total current inventories ​ $ 878,944 ​ $ 630,474 Non-current ore in stockpiles and on leach pads (Note 8B) (i) ​ 274,576 ​ 198,044 Total inventories ​ $ 1,153,520 ​ $ 828,518 Note: (i) The inventory balance associated with the ore that is not expected to be processed within 12 months is classified as non-current and is recorded in the other assets line item in the consolidated balance sheets.

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
OTHER ASSETS
Schedule of other current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Federal, provincial and other sales taxes receivable ​ $ 81,450 ​ $ 67,666 Prepaid expenses ​ 90,681 ​ 72,502 Other receivables ​ ​ 24,594 ​ ​ 17,299 Other ​ 2,121 ​ 1,745 Total other current assets ​ $ 198,846 ​ $ 159,212 ​
Schedule of other non-current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Non-current ore in stockpiles and on leach pads ​ $ 274,576 ​ $ 198,044 Non-current prepaid expenses ​ ​ 27,481 ​ ​ 26,945 Non-current loans receivable ​ ​ 37,942 ​ ​ 21,247 Non-current other receivables ​ ​ 10,098 ​ ​ 8,238 Other ​ 3,101 ​ 4,780 Total other assets ​ $ 353,198 ​ $ 259,254

PROPERTY, PLANT AND MINE DEVE_2

PROPERTY, PLANT AND MINE DEVELOPMENT (Tables)	12 Months Ended
	Dec. 31, 2021
PROPERTY, PLANT AND MINE DEVELOPMENT
Schedule of property, plant and mine development	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mine ​ ​ ​ ​ Mining ​ Plant and ​ Development ​ ​ ​ ​ Properties ​ Equipment ​ Costs ​ Total As at December 31, 2019 ​ $ 2,008,551 ​ $ 3,187,795 ​ $ 1,807,319 ​ $ 7,003,665 Additions ​ 204,239 ​ 285,083 ​ 498,624 ​ 987,946 Disposals ​ — ​ (15,248) ​ — ​ (15,248) Amortization ​ (180,007) ​ (348,993) ​ (121,945) ​ (650,945) Transfers between categories ​ 126,630 ​ 117,062 ​ (243,692) ​ — As at December 31, 2020 ​ $ 2,159,413 ​ $ 3,225,699 ​ $ 1,940,306 ​ $ 7,325,418 Additions ​ ​ 76,403 ​ ​ 183,670 ​ ​ 684,804 ​ ​ 944,877 Acquisition (Note 5) ​ ​ 91,204 ​ ​ 91,906 ​ ​ — ​ ​ 183,110 Disposals ​ — ​ (13,603) ​ — ​ (13,603) Amortization ​ ​ (231,729) ​ ​ (414,353) ​ ​ (147,439) ​ ​ (793,521) Transfers between categories ​ (570) ​ 194,247 ​ (193,677) ​ — As at December 31, 2021 ​ $ 2,094,721 ​ $ 3,267,566 ​ $ 2,283,994 ​ $ 7,646,281 ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 3,680,992 ​ $ 6,528,830 ​ $ 2,798,411 ​ $ 13,008,233 Accumulated amortization and impairments ​ ​ (1,521,579) ​ ​ (3,303,131) ​ ​ (858,105) ​ ​ (5,682,815) Carrying value - December 31, 2020 ​ $ 2,159,413 ​ $ 3,225,699 ​ $ 1,940,306 ​ $ 7,325,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 3,833,970 ​ $ 6,942,383 ​ $ 3,289,532 ​ $ 14,065,885 Accumulated amortization and impairments ​ (1,739,249) ​ (3,674,817) ​ (1,005,538) ​ (6,419,604) Carrying value - December 31, 2021 ​ $ 2,094,721 ​ $ 3,267,566 ​ $ 2,283,994 ​ $ 7,646,281
Schedule of geographical information of property, plant and mine development	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Canada ​ $ 5,529,486 ​ $ 5,166,239 Finland ​ 1,435,881 ​ 1,428,331 Sweden ​ ​ 13,812 ​ ​ 13,812 Mexico ​ 659,469 ​ 714,576 United States ​ 7,633 ​ 2,460 Total property, plant and mine development ​ $ 7,646,281 ​ $ 7,325,418

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
INVESTMENTS
Summary of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, As at December 31, ​ ​ 2021 ​ 2020 Equity securities ​ $ 268,950 ​ $ 282,356 Share purchase warrants ​ 74,559 ​ 92,747 Total investments ​ $ 343,509 ​ $ 375,103 ​ The following table sets out details of the Company's investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, 2021 ​ ​ Share purchase ​ ​ ​ Equity securities ​ warrants ​ Total Orla Mining Ltd. ​ $ 89,974 ​ $ 26,317 ​ $ 116,291 Rupert Resources Ltd. ​ 76,883 ​ 42,768 ​ 119,651 White Gold Corp. ​ 17,403 ​ 99 ​ 17,502 Royal Road Minerals Ltd. ​ 12,849 ​ — ​ 12,849 Other (i) ​ 71,841 ​ 5,375 ​ 77,216 Total investments ​ $ 268,950 ​ $ 74,559 ​ $ 343,509 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, 2020 ​ ​ Share purchase ​ ​ ​ ​ Equity securities ​ warrants ​ Total Orla Mining Ltd. ​ $ 113,460 ​ $ 47,329 ​ $ 160,789 Rupert Resources Ltd. ​ ​ 65,461 ​ ​ 39,280 ​ ​ 104,741 White Gold Corp. ​ 13,419 ​ — ​ 13,419 Royal Road Minerals Ltd. ​ ​ 12,801 ​ ​ — ​ ​ 12,801 Other (i) ​ 77,215 ​ 6,138 ​ 83,353 Total investments ​ $ 282,356 ​ $ 92,747 ​ $ 375,103 Note: (i)

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Schedule of accounts payable and accrued liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Trade payables ​ $ 189,069 ​ $ 167,127 Wages payable ​ 70,584 ​ 58,068 Accrued liabilities ​ 104,551 ​ 95,860 Other liabilities ​ 50,469 ​ 42,746 Total accounts payable and accrued liabilities ​ $ 414,673 ​ $ 363,801

RECLAMATION PROVISION (Tables)

RECLAMATION PROVISION (Tables)	12 Months Ended
	Dec. 31, 2021
Asset retirement obligation
Asset retirement obligation and environmental remediation liability
Schedule of environmental remediation liability and reclamation provisions	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Asset retirement obligations - non-current, beginning of year ​ $ 635,648 ​ $ 419,417 Asset retirement obligations - current, beginning of year ​ 11,320 ​ 9,377 Current year additions and changes in estimate, net (i) ​ 72,181 ​ 198,843 Current year accretion ​ 6,554 ​ 3,502 Liabilities settled ​ (3,213) ​ (1,892) Foreign exchange revaluation ​ (10,985) ​ 17,721 Reclassification from non-current to current, end of year ​ (4,547) ​ (11,320) Asset retirement obligations - non-current, end of year ​ $ 706,958 ​ $ 635,648 Note: (i) Current year additions include $48.9 million related to the acquisition of TMAC.
Environmental remediation liability
Asset retirement obligation and environmental remediation liability
Schedule of environmental remediation liability and reclamation provisions	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Environmental remediation liability - non-current, beginning of year ​ $ 16,135 ​ $ 7,929 Environmental remediation liability - current, beginning of year ​ 3,950 ​ 3,078 Current year additions and changes in estimate, net ​ 1,048 ​ 10,480 Liabilities settled ​ (2,816) ​ (1,539) Foreign exchange revaluation ​ 174 ​ 137 Reclassification from non-current to current, end of year ​ (3,000) ​ (3,950) Environmental remediation liability - non-current, end of year ​ $ 15,491 ​ $ 16,135

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2021
LEASES
Summary of carrying amounts of right-of-use assets	​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, As at December 31, ​ ​ 2021 ​ 2020 Balance, beginning of year ​ $ 112,715 ​ $ 117,581 Additions and modifications, net of disposals (i) ​ 41,024 ​ 9,688 Amortization ​ (19,717) ​ (14,554) Balance, end of year ​ $ 134,022 ​ $ 112,715 Note: (i) Additions to right-of-use assets include $1.8 million related to the acquisition of TMAC.
Summary of lease obligations included in the consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, As at December 31, ​ ​ 2021 ​ 2020 Current ​ $ 32,988 ​ $ 20,852 Non-current ​ 98,445 ​ 99,423 Total lease obligations ​ $ 131,433 ​ $ 120,275
Summary of future minimum lease payments required to meet obligations that have initial or remaining non-cancellable lease terms	​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, As at December 31, ​ ​ 2021 ​ 2020 Within 1 year ​ $ 33,952 ​ $ 20,464 Between 1 - 3 years ​ 37,825 ​ 28,090 Between 3 - 5 years ​ 16,674 ​ 17,846 Thereafter ​ 47,807 ​ 57,301 Total undiscounted lease obligations ​ $ 136,258 ​ $ 123,701
Summary of amounts recognized in consolidated statements of income (loss) with respect to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Amortization of right-of-use assets ​ $ 19,717 ​ $ 14,554 Interest expense on lease obligations ​ $ 2,252 ​ $ 1,997 Variable lease payments not included in the measurement of lease obligations ​ $ 137,369 ​ $ 117,317 Expenses relating to short-term leases ​ $ 3,883 ​ $ 4,926 Expenses relating to leases of low value assets, excluding short-term leases of low value assets ​ $ 1,105 ​ $ 792

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2021
LONG-TERM DEBT
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Credit Facility (i)(ii) ​ $ (3,851) ​ $ (2,768) 2020 Notes (i)(iii) ​ ​ 198,585 ​ ​ 198,505 2018 Notes (i)(iii) ​ ​ 348,316 ​ ​ 348,145 2017 Notes (i)(iii) ​ 298,670 ​ 298,454 2016 Notes (i)(iii) ​ 349,053 ​ 348,790 2015 Note (i)(iii) ​ 49,755 ​ 49,690 2012 Notes (i)(iii) ​ 199,745 ​ 199,575 2010 Notes (i)(iii) ​ ​ 124,950 ​ ​ 124,850 Total debt ​ $ 1,565,223 ​ $ 1,565,241 Less: current portion ​ 225,000 ​ — Total long-term debt ​ $ 1,340,223 ​ $ 1,565,241 Notes: (i) Inclusive of unamortized deferred financing costs. (ii) There were no amounts outstanding under the Credit Facility (as defined below) as at December 31, 2021 and December 31, 2020. The December 31, 2021 and December 31, 2020 balances relate to deferred financing costs which are being amortized on a straight-line basis until the maturity date of December 22, 2026 (2020 – June 23, 2023). (iii) The terms 2020 Notes, 2018 Notes, 2017 Notes, 2016 Notes, 2015 Note, 2012 Notes and 2010 Notes are defined below.
Schedule of Debt Principal Repayments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2023 ​ 2024 ​ 2025 ​ 2026 ​ Thereafter ​ Total 2020 Notes ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 200,000 ​ $ 200,000 2018 Notes ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 350,000 ​ ​ 350,000 2017 Notes ​ ​ — ​ ​ — ​ ​ — ​ ​ 40,000 ​ ​ — ​ ​ 260,000 ​ ​ 300,000 2016 Notes ​ ​ — ​ ​ 100,000 ​ ​ — ​ ​ — ​ ​ 200,000 ​ ​ 50,000 ​ ​ 350,000 2015 Note ​ — ​ — ​ — ​ 50,000 ​ — ​ — ​ 50,000 2012 Notes ​ 100,000 ​ — ​ 100,000 ​ — ​ — ​ — ​ 200,000 2010 Notes ​ 125,000 ​ — ​ — ​ — ​ — ​ — ​ 125,000 Total ​ $ 225,000 ​ $ 100,000 ​ $ 100,000 ​ $ 90,000 ​ $ 200,000 ​ $ 860,000 ​ $ 1,575,000
Schedule of finance costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Interest on Notes $ 72,795 $ 77,739 Stand-by fees on credit facilities ​ 5,546 ​ 5,107 Amortization of credit facilities financing and note issuance costs ​ 3,778 ​ 3,594 Interest on Credit Facility ​ 1,549 ​ 5,304 Accretion expense on reclamation provisions ​ 6,554 ​ 3,502 Interest on lease obligations, other interest and penalties ​ 5,329 ​ 2,684 Interest capitalized to assets under construction ​ (3,509) ​ (2,796) Total finance costs ​ $ 92,042 ​ $ 95,134
2020 Notes
LONG-TERM DEBT
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A ​ $ 100,000 2.78 % 4/7/2030 Series B ​ 100,000 2.88 % 4/7/2032 Total ​ $ 200,000
2018 Notes
LONG-TERM DEBT
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A ​ $ 45,000 4.38 % 4/5/2028 Series B ​ 55,000 4.48 % 4/5/2030 Series C ​ 250,000 4.63 % 4/5/2033 Total ​ $ 350,000
2017 Notes
LONG-TERM DEBT
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A $ 40,000 4.42 % 6/29/2025 Series B ​ 100,000 4.64 % 6/29/2027 Series C ​ 150,000 4.74 % 6/29/2029 Series D ​ 10,000 4.89 % 6/29/2032 Total ​ $ 300,000
2016 Notes
LONG-TERM DEBT
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A ​ $ 100,000 4.54 % 6/30/2023 Series B ​ 200,000 4.84 % 6/30/2026 Series C ​ 50,000 4.94 % 6/30/2028 Total ​ $ 350,000
.2012 Notes
LONG-TERM DEBT
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Interest Rate Maturity Date Series A ​ $ 100,000 4.87 % 7/23/2022 Series B ​ 100,000 5.02 % 7/23/2024 Total ​ $ 200,000

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
OTHER LIABILITIES
Schedule of information related to other liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Pension benefit obligations ​ $ 51,210 ​ $ 49,822 Other ​ 19,051 ​ 13,514 Total other liabilities ​ $ 70,261 ​ $ 63,336
Schedule of funded status of the Company's defined benefit obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Reconciliation of plan assets: ​ ​ Plan assets, beginning of year ​ $ 2,768 ​ $ 2,594 Employer contributions ​ 3,584 ​ 2,800 Benefit payments ​ (3,325) ​ (2,570) Administrative expenses ​ (130) ​ (115) Interest on assets ​ 72 ​ 77 Net return on assets excluding interest ​ (72) ​ (77) Effect of exchange rate changes ​ 8 ​ 59 Plan assets, end of year ​ $ 2,905 ​ $ 2,768 ​ ​ ​ ​ ​ ​ ​ Reconciliation of defined benefit obligation: ​ ​ ​ ​ Defined benefit obligation, beginning of year ​ $ 44,105 ​ $ 29,336 Current service cost ​ 2,624 ​ 12,827 Past service cost ​ ​ 5,351 ​ ​ — Benefit payments ​ (3,325) ​ (2,570) Interest cost ​ 1,240 ​ 809 Actuarial (gains) losses arising from changes in economic assumptions ​ (2,785) ​ 1,861 Actuarial losses arising from changes in demographic assumptions ​ ​ 992 ​ ​ 882 Actuarial gains arising from Plan experience ​ (2,842) ​ (321) Effect of exchange rate changes ​ (516) ​ 1,281 Defined benefit obligation, end of year ​ 44,844 ​ 44,105 Net defined benefit liability, end of year ​ $ 41,939 ​ $ 41,337
Schedule of components of Agnico Eagle's pension expense recognized in the consolidated statements of net income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Current service cost ​ $ 2,624 ​ $ 12,827 Past service cost ​ ​ 5,351 ​ ​ — Administrative expenses ​ 130 ​ 115 Interest cost on defined benefit obligation ​ 1,240 ​ 809 Interest on assets ​ (72) ​ (77) Pension expense ​ $ 9,273 ​ $ 13,674
Schedule of remeasurement of net defined benefit liability recognized in other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Actuarial (gains) losses relating to the defined benefit obligation ​ $ (4,634) ​ $ 2,584 Net return on assets excluding interest ​ 72 ​ 77 Total remeasurements of the net defined benefit liability ​ $ (4,562) ​ $ 2,661
Schedule of significant assumptions used in measuring Executive Plan defined benefit obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ As at December 31, ​ ​ 2021 2020 ​ Assumptions: ​ Discount rate - beginning of year 2.5 % 3.0 % Discount rate - end of year 3.0 % 2.5 %
Schedule of significant assumptions used in measuring Company Retirement Program defined benefit obligations	​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ As at December 31, ​ ​ 2021 2020 ​ Assumptions: ​ ​ ​ Discount rate - beginning of year 1.8 % 2.8 % Discount rate - end of year 2.5 % 1.8 % Range of mine closure dates 2026 - 2032 ​ 2026 - 2032 ​ Termination of employment per annum 2.0% - 10.0 % 2.0% - 10.0 %
Schedule of significant assumptions used in measuring Company's defined benefit obligations for Mexico Plans	​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ As at December 31, ​ ​ 2021 2020 Assumptions: ​ ​ ​ ​ Discount rate 7.5 % 5.5 % Range of mine closure dates 2023 - 2027 ​ 2023 - 2026 ​
Schedule of sensitivity analysis for significant actuarial assumptions	​ ​ ​ ​ ​ ​ ​ As at ​ ​ December 31, ​ 2021 Change in assumption: ​ ​ ​ 0.5% increase in discount rate ​ $ (1,703) 0.5% decrease in discount rate ​ $ 1,839

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2021
EQUITY
Schedule of maximum number of common shares that would be outstanding if all dilutive instruments outstanding were exercised	​ ​ ​ ​ Common shares outstanding at December 31, 2021 245,001,857 Employee stock options 4,482,941 Common shares held in trusts in connection with the RSU plan (Note 17C), PSU plan (Note 17D) and LTIP 433,947 Total 249,918,745
Schedule of weighted average number of common shares used in the calculation of basic and diluted net income per share	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Net income for the year ​ $ 543,009 ​ $ 511,607 Weighted average number of common shares outstanding - basic (in thousands) ​ 243,708 ​ 241,508 Add: Dilutive impact of common shares related to the RSU plan, PSU plan and LTIP ​ 598 ​ 695 Add: Dilutive impact of employee stock options ​ 426 ​ 869 Weighted average number of common shares outstanding - diluted (in thousands) ​ 244,732 ​ 243,072 Net income per share - basic ​ $ 2.23 ​ $ 2.12 Net income per share - diluted ​ $ 2.22 ​ $ 2.10

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021
STOCK-BASED COMPENSATION
Summary of outstanding stock options activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ Year Ended ​ ​ December 31, 2021 ​ December 31, 2020 ​ ​ Weighted ​ Weighted ​ ​ Number of ​ Average ​ Number of ​ Average ​ ​ Stock ​ Exercise ​ Stock ​ Exercise ​ ​ Options ​ Price ​ Options ​ Price Outstanding, beginning of year 3,421,404 C$ 65.27 ​ 4,122,300 C$ 54.86 Granted 1,590,750 ​ 89.59 ​ 1,583,150 ​ 80.04 Exercised (471,765) ​ 58.40 ​ (2,170,460) ​ 56.33 Forfeited (57,448) ​ 80.35 ​ (113,586) ​ 63.88 Outstanding, end of year 4,482,941 C$ 74.43 ​ 3,421,404 C$ 65.27 Options exercisable, end of year 2,077,187 C$ 68.28 ​ 852,588 C$ 60.61
Summary of stock options outstanding and exercisable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Options Outstanding ​ Stock Options Exercisable ​ ​ Weighted ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Average ​ Weighted ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ Remaining ​ Average ​ ​ ​ Remaining ​ Weighted ​ ​ Number ​ Contractual ​ Exercise ​ Number ​ Contractual ​ Average Range of Exercise Prices ​ Outstanding ​ Life ​ Price ​ Exercisable ​ Life ​ Exercise Price C$55.10 - C$58.04 ​ 1,676,155 1.55 years ​ C$ 56.15 1,198,500 ​ 1.37 years ​ C$ 56.57 C$79.98 - C$89.59 ​ 2,806,786 3.57 years ​ ​ 85.35 878,687 ​ 3.45 years ​ ​ 84.26 C$55.10 - C$89.59 ​ 4,482,941 2.81 years ​ C$ 74.43 2,077,187 ​ 2.25 years ​ C$ 68.28
Summary of significant assumptions used to estimate the fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ December 31, ​ ​ 2021 2020 ​ Risk-free interest rate 0.54 % 1.90 % Expected life of stock options (in years) 2.4 ​ 2.4 ​ Expected volatility of Agnico Eagle’s share price 38.0 % 27.5 % Expected dividend yield 2.2 % 1.2 %

OTHER RESERVES (Tables)

OTHER RESERVES (Tables)	12 Months Ended
	Dec. 31, 2021
OTHER RESERVES
Schedule of components of other reserves and the movements in other reserves	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity Cash flow ​ ​ ​ securities hedge ​ ​ ​ ​ reserve reserve ​ Total Balance at December 31, 2019 ​ $ (47,922) ​ $ — ​ $ (47,922) Net change in cash flow hedge reserve ​ — ​ (11,964) ​ (11,964) Net change in fair value of equity securities ​ 145,138 ​ — ​ 145,138 Balance at December 31, 2020 ​ $ 97,216 ​ $ (11,964) ​ $ 85,252 Net change in cash flow hedge reserve ​ ​ — ​ ​ 1,175 ​ ​ 1,175 Transfer of net loss on disposal of equity securities to deficit ​ ​ 5,057 ​ ​ — ​ ​ 5,057 Net change in fair value of equity securities ​ ​ (37,208) ​ ​ — ​ ​ (37,208) Balance at December 31, 2021 ​ $ 65,065 ​ $ (10,789) ​ $ 54,276

REVENUES FROM MINING OPERATIO_2

REVENUES FROM MINING OPERATIONS AND TRADE RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2021
REVENUES FROM MINING OPERATIONS AND TRADE RECEIVABLES
Schedule of sales to individual customers that exceeded 10% revenues from mining operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 2020 ​ Customer 1 ​ $ 1,127,187 ​ $ 798,698 Customer 2 ​ 858,983 ​ ​ 799,405 ​ Customer 3 ​ 733,177 ​ ​ 628,940 ​ Customer 4 ​ 586,196 ​ ​ 419,499 ​ Total sales to customers exceeding 10.0% of revenues from mining operations ​ $ 3,305,343 ​ $ 2,646,542 ​ Percentage of total revenues from mining operations ​ 86.4 % ​ 84.3 %
Schedule of total revenues from mining operations	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Revenue from contracts with customers $ 3,821,683 ​ $ 3,137,795 Provisional pricing adjustments on concentrate sales ​ 2,195 ​ ​ 318 Total revenues from mining operations ​ $ 3,823,878 ​ $ 3,138,113
Schedule of revenues from contracts with customers by metal	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Revenues from contracts with customers: ​ ​ ​ ​ ​ Gold ​ $ 3,714,917 ​ $ 3,047,019 Silver ​ ​ 69,876 ​ 73,904 Zinc ​ ​ 13,679 ​ 2,312 Copper ​ ​ 23,211 ​ 14,560 Total revenues from contracts with customers ​ $ 3,821,683 ​ $ 3,137,795

CAPITAL AND FINANCIAL RISK MA_2

CAPITAL AND FINANCIAL RISK MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2021
CAPITAL AND FINANCIAL RISK MANAGEMENT
Schedule of translation impact on income before income and mining taxes and equity	​ ​ ​ ​ ​ ​ ​ Positive (negative) impact on ​ ​ Income before Income and ​ ​ Mining Taxes and Equity Canadian dollar ​ $ (3,730) Euro ​ $ (13,588) Mexican peso ​ $ 3,118
Schedule of carrying amounts of financial instruments with exposure to credit risk	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Cash and cash equivalents ​ $ 185,786 ​ $ 402,527 Short-term investments ​ 5,288 ​ 3,936 Trade receivables ​ 13,545 ​ 11,867 Derivative financial instrument assets ​ 12,305 ​ 35,516 Loan receivable - Orla ​ ​ 37,942 ​ ​ 21,247 Total ​ $ 254,866 ​ $ 475,093
Schedule of lease financing, long-term debt, and total equity	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Lease obligations ​ $ 131,433 ​ $ 120,275 Long-term debt ​ ​ 1,565,223 ​ ​ 1,565,241 Total equity ​ 5,980,835 ​ 5,683,213 Total ​ $ 7,677,491 ​ $ 7,368,729
Schedule of changes in liabilities arising from financing activities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at Changes from ​ ​ ​ As at ​ ​ December 31, ​ Financing Cash ​ Foreign ​ ​ ​ ​ December 31, ​ ​ 2020 ​ Flows ​ Exchange ​ Other (i) ​ 2021 Long-term debt ​ $ 1,565,241 ​ ​ (2,553) ​ ​ — ​ ​ 2,535 ​ $ 1,565,223 Lease obligations ​ 120,275 ​ (25,020) ​ (4,846) ​ 41,024 ​ 131,433 Total liabilities from financing activities ​ $ 1,685,516 ​ ​ (27,573) ​ ​ (4,846) ​ ​ 43,559 ​ $ 1,696,656 Note: (i) Includes the amortization of deferred financing costs on long-term debt reflected in finance costs and lease obligation additions .

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of amounts recognized in gain on derivative financial instruments line item of consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Premiums realized on written foreign exchange call options ​ $ (2,276) ​ $ (1,779) Unrealized loss (gain) on warrants ​ ​ 16,736 ​ ​ (82,003) Realized (gain) loss on currency and commodity derivatives ​ (47,754) ​ 5,988 Unrealized loss (gain) on currency and commodity derivatives ​ 44,397 ​ (30,079) Loss (gain) on derivative financial instruments ​ $ 11,103 ​ $ (107,873)

OTHER EXPENSES (Tables)

OTHER EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2021
OTHER EXPENSES (INCOME)
Summary of amounts recognized in other expenses (income) line item of consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Loss on disposal of property, plant and mine development (Note 9 ) ​ $ 9,451 ​ $ 14,182 Interest income ​ (3,937) ​ (4,867) Temporary suspension and other costs due to COVID-19 ​ ​ 13,353 ​ ​ 33,540 Acquisition costs ​ ​ 12,943 ​ ​ — Gain on sale of exploration properties ​ ​ (10,000) ​ ​ — Other ​ (68) ​ 5,379 Total other expenses ​ $ 21,742 ​ $ 48,234

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
SEGMENTED INFORMATION
Schedule of company's revenues, production costs, Corporate and other assets, specific income and expense by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ Revenues from ​ ​ Exploration and Segment ​ ​ Mining ​ ​ ​ ​ Corporate ​ Income ​ ​ Operations ​ Production Costs ​ Development ​ (Loss) Northern Business: ​ ​ ​ ​ LaRonde mine ​ $ 654,577 ​ $ (232,392) ​ $ — ​ $ 422,185 LaRonde Zone 5 mine ​ 121,236 ​ (56,380) ​ — ​ 64,856 Goldex mine ​ 241,404 ​ (96,181) ​ — ​ 145,223 Meadowbank Complex ​ 589,769 ​ (406,489) ​ — ​ 183,280 Meliadine mine ​ 636,085 ​ (236,763) ​ — ​ 399,322 Hope Bay mine ​ ​ 115,439 ​ ​ (83,118) ​ ​ — ​ ​ 32,321 Canadian Malartic joint operation ​ 645,607 ​ (242,589) ​ (5,367) ​ 397,651 Kittila mine ​ 414,656 ​ (192,742) ​ — ​ 221,914 Total Northern Business ​ 3,418,773 ​ (1,546,654) ​ (5,367) ​ 1,866,752 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Southern Business: ​ ​ ​ ​ Pinos Altos mine ​ 259,446 ​ (141,488) ​ — ​ 117,958 Creston Mascota mine ​ 27,784 ​ (8,165) ​ — ​ 19,619 La India mine ​ 117,875 ​ (60,381) ​ — ​ 57,494 Total Southern Business ​ 405,105 ​ (210,034) ​ — ​ 195,071 Exploration ​ — ​ — ​ (147,147) ​ (147,147) Segment totals ​ $ 3,823,878 ​ $ (1,756,688) ​ $ (152,514) ​ $ 1,914,676 Total segments income ​ ​ ​ ​ ​ ​ $ 1,914,676 Corporate and other: ​ ​ ​ ​ ​ Amortization of property, plant and mine development ​ ​ ​ ​ ​ (738,129) General and administrative ​ ​ ​ ​ ​ (142,003) Finance costs ​ ​ ​ ​ ​ (92,042) Loss on derivative financial instruments ​ ​ ​ ​ ​ (11,103) Environmental remediation ​ ​ ​ ​ ​ (576) Foreign currency translation loss ​ ​ ​ ​ ​ (5,672) Other expenses ​ ​ ​ ​ ​ (21,742) Income before income and mining taxes ​ ​ ​ ​ ​ ​ $ 903,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ Revenues from ​ ​ ​ ​ Exploration and ​ Segment ​ ​ Mining ​ Production ​ Corporate ​ Income ​ ​ Operations ​ Costs ​ Development ​ (Loss) Northern Business: ​ ​ ​ ​ ​ ​ ​ ​ LaRonde mine ​ $ 543,864 ​ $ (169,824) ​ $ — ​ $ 374,040 LaRonde Zone 5 mine ​ 111,244 ​ (47,899) ​ — ​ 63,345 Goldex mine ​ 227,181 ​ (82,654) ​ — ​ 144,527 Meadowbank Complex ​ 366,743 ​ (284,976) ​ (1,168) ​ 80,599 Meliadine mine ​ 569,063 ​ (245,700) ​ — ​ 323,363 Canadian Malartic joint operation ​ 478,542 ​ (195,312) ​ (18,637) ​ 264,593 Kittila mine ​ 372,132 ​ (169,884) ​ — ​ 202,248 Total Northern Business ​ 2,668,769 ​ (1,196,249) ​ (19,805) ​ 1,452,715 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Southern Business: ​ ​ ​ ​ Pinos Altos mine ​ 244,283 ​ (124,678) ​ — ​ 119,605 Creston Mascota mine ​ 77,762 ​ (35,088) ​ — ​ 42,674 La India mine ​ ​ 147,299 ​ (68,137) ​ — ​ 79,162 Total Southern Business ​ 469,344 ​ (227,903) ​ — ​ 241,441 Exploration ​ — ​ — ​ (93,687) ​ (93,687) Segment totals ​ $ 3,138,113 ​ $ (1,424,152) ​ $ (113,492) ​ $ 1,600,469 Total segments income ​ ​ ​ ​ ​ $ 1,600,469 Corporate and other: ​ ​ ​ ​ Amortization of property, plant and mine development ​ ​ ​ ​ ​ (631,101) General and administrative ​ ​ ​ ​ ​ (116,288) Finance costs ​ ​ ​ ​ ​ (95,134) Gain on derivative financial instruments ​ ​ ​ ​ ​ 107,873 Environmental remediation ​ ​ ​ ​ ​ (27,540) Foreign currency translation loss ​ ​ ​ ​ ​ (22,480) Other expenses ​ ​ ​ ​ ​ (48,234) Income before income and mining taxes ​ ​ ​ ​ ​ ​ $ 767,565 ​ The following table sets out total assets by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Assets as at ​ ​ December 31, ​ December 31, ​ 2021 2020 Northern Business: ​ ​ LaRonde mine ​ $ 946,218 ​ $ 852,171 LaRonde Zone 5 mine ​ 93,699 ​ 71,545 Goldex mine ​ 315,266 ​ 296,713 Meadowbank Complex ​ 1,194,368 ​ 1,037,459 Meliadine mine ​ 2,270,942 ​ 2,198,564 Hope Bay mine ​ ​ 461,483 ​ ​ — Canadian Malartic joint operation ​ 1,508,675 ​ 1,542,916 Kittila mine ​ 1,600,278 ​ 1,590,795 Total Northern Business ​ 8,390,929 ​ 7,590,163 ​ ​ ​ ​ ​ ​ ​ Southern Business: ​ ​ Pinos Altos mine ​ 466,334 ​ 458,786 Creston Mascota mine ​ 5,068 ​ 8,008 La India mine ​ 233,376 ​ 228,120 Total Southern Business ​ 704,778 ​ 694,914 Exploration ​ 501,673 ​ 434,809 Corporate and other ​ 589,396 ​ 894,869 Total assets ​ $ 10,186,776 ​ $ 9,614,755
Schedule of carrying amount of goodwill by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Canadian ​ ​ ​ ​ ​ ​ Malartic Joint ​ ​ ​ ​ ​ ​ ​ ​ Operation ​ Exploration ​ Total Cost ​ $ 597,792 ​ $ 60,000 ​ $ 657,792 Accumulated impairment ​ (250,000) ​ — ​ (250,000) Carrying amount ​ $ 347,792 ​ $ 60,000 ​ $ 407,792
Schedule of capital expenditures by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Northern Business: ​ ​ LaRonde mine ​ $ 138,784 ​ $ 109,262 LaRonde Zone 5 mine ​ 16,953 ​ 9,823 Goldex mine ​ 48,696 ​ 36,753 Meadowbank Complex ​ 151,471 ​ 162,339 Meliadine mine ​ 121,607 ​ 125,955 Hope Bay mine ​ ​ 50,958 ​ ​ — Canadian Malartic joint operation ​ 130,544 ​ 52,642 Kittila mine ​ 123,152 ​ 199,115 Total Northern Business ​ 782,165 ​ 695,889 Southern Business: ​ ​ Pinos Altos mine ​ 49,422 ​ 24,482 La India mine ​ 20,601 ​ 21,626 Total Southern Business ​ 70,023 ​ 46,108 Corporate and other ​ 15,496 ​ 17,345 Total capital expenditures ​ $ 867,684 ​ $ 759,342
Schedule of company's revenues from mining operations and non-current assets by geographic area	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Canada $ 3,004,117 $ 2,296,637 Mexico ​ 405,105 ​ 469,344 Finland ​ 414,656 ​ 372,132 Total revenues from mining operations ​ $ 3,823,878 ​ $ 3,138,113 Note: (i) Presented based on the location of the mine from which the product originated. The following table sets out non-current assets by geographic area: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ As at December 31, ​ ​ 2021 ​ 2020 Canada $ 6,720,595 $ 6,168,927 Mexico ​ 671,691 ​ 736,908 Finland ​ 1,458,838 ​ 1,447,157 Sweden ​ 16,128 ​ 13,812 United States ​ 17,136 ​ 763 Total non-current assets ​ $ 8,884,388 ​ $ 8,367,567

INCOME AND MINING TAXES (Tables

INCOME AND MINING TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
INCOME AND MINING TAXES
Schedule of components of income and mining tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 Current income and mining taxes $ 181,812 $ 180,202 Deferred income and mining taxes: ​ ​ Origination and reversal of temporary differences ​ 178,588 ​ 75,756 Total income and mining taxes expense ​ $ 360,400 ​ $ 255,958
Schedule of effective income and mining tax reconciliation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Combined federal and composite provincial tax rates ​ 26 % ​ 26 % Expected income tax expense at statutory income tax rate ​ $ 234,887 ​ $ 199,568 ​ Increase (decrease) in income and mining taxes resulting from: ​ ​ ​ Mining taxes ​ 119,692 ​ 94,511 ​ Impact of foreign tax rates ​ (9,531) ​ (7,471) ​ Permanent differences ​ (5,718) ​ (19,197) ​ Impact of foreign exchange on deferred income tax balances ​ 21,070 ​ (11,453) ​ Total income and mining taxes expense ​ $ 360,400 ​ $ 255,958 ​
Schedule of Components of Net Deferred Income Assets	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, 2021 ​ December 31, 2020 Mining properties ​ $ 9,439 ​ $ — Net operating loss carry forwards ​ 107,489 ​ — Reclamation provisions and other liabilities ​ 16,680 ​ — Total net deferred income tax assets ​ $ 133,608 ​ $ —
Schedule and continuity of components of deferred income and mining tax liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, 2021 ​ December 31, 2020 Mining properties ​ $ 1,514,017 ​ $ 1,390,600 Net operating and capital loss carry forwards ​ (27,459) ​ (100,026) Mining taxes ​ (98,807) ​ (90,706) Reclamation provisions and other liabilities ​ (175,001) ​ (163,807) Total net deferred income and mining tax liabilities ​ $ 1,212,750 ​ $ 1,036,061 ​ Changes in net deferred tax assets and liabilities for the years ended December 31, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, 2021 ​ December 31, 2020 Net deferred income and mining tax liabilities - beginning of year ​ $ 1,036,061 ​ $ 948,142 Income and mining tax impact recognized in net income ​ 179,720 ​ 76,197 Income tax impact recognized in other comprehensive income and equity ​ (3,542) ​ 11,722 Deferred income tax assets acquired on the purchase of TMAC ​ ​ (133,097) ​ ​ — Net deferred income and mining tax liabilities - end of year ​ $ 1,079,142 ​ $ 1,036,061
Schedule of deductible temporary differences and unused tax losses in respect of which a deferred tax asset has not been recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ December 31, 2021 ​ December 31, 2020 Other deductible temporary differences $ 420,154 $ 214,520

EMPLOYEE BENEFITS AND COMPENS_2

EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL (Tables)	12 Months Ended
	Dec. 31, 2021
EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL
Schedule of compensation of key management personnel	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 Salaries, short-term incentives and other benefits $ 13,582 $ 16,964 Post-employment benefits ​ 1,581 ​ 1,634 Share-based payments ​ 23,475 ​ 28,631 Total ​ $ 38,638 ​ $ 47,229

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
Schedule of contractual commitments	​ ​ ​ ​ ​ ​ Contractual ​ ​ Commitments 2022 ​ $ 73,151 2023 ​ 7,221 2024 ​ 4,283 2025 ​ 4,067 2026 ​ ​ 2,340 Thereafter ​ 13,777 Total ​ $ 104,839

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	12 Months Ended
	Dec. 31, 2021
Canadian Malartic Corporation and Canadian Malartic GP.
BASIS OF PRESENTATION
Percentage of ownership in Joint Venture	50.00%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2021
Mining Properties | Minimum
Plant and Equipment
Useful Lives (in years)	3 years
Mining Properties | Maximum
Plant and Equipment
Useful Lives (in years)	13 years
Building | Minimum
Plant and Equipment
Useful Lives (in years)	5 years
Building | Maximum
Plant and Equipment
Useful Lives (in years)	30 years
Leasehold Improvements
Plant and Equipment
Useful Lives (in years)	15 years
Software and IT Equipment | Minimum
Plant and Equipment
Useful Lives (in years)	1 year
Software and IT Equipment | Maximum
Plant and Equipment
Useful Lives (in years)	10 years
Furniture and Office Equipment | Minimum
Plant and Equipment
Useful Lives (in years)	3 years
Furniture and Office Equipment | Maximum
Plant and Equipment
Useful Lives (in years)	5 years
Machinery and Equipment | Minimum
Plant and Equipment
Useful Lives (in years)	1 year
Machinery and Equipment | Maximum
Plant and Equipment
Useful Lives (in years)	30 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Post-employment Benefits and Stock-based Compensation (Details) - item	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Post employment benefits
Contribution under supplemental plan (as a percent)	10.00%
Minimum number of years of service for retirement program	10 years
Minimum age limit to be eligible for retirement program (in years)	57 years
Stock-based Compensation
Contribution by directors (excluding non-executive directors), officers and employees under ISPP (as a percent)	10.00%
Contribution by company under ISPP to participants (as a percent)	50.00%
Mexico Plans
Post employment benefits
Minimum number of years of service for retirement program	15 years
Minimum age limit to be eligible for retirement program (in years)	60 years	60 years
Number of defined benefit retirement plans	3

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Recently Issued Accounting Pronouncements (Details) - Property, Plant and Equipment-Proceeds before Intended Use $ in Millions	Jan. 01, 2021USD ($)
Disclosure of initial application of standards or interpretations [line items]
Increase in revenue	$ 45.7
Increase in production costs	16.7
Property, plant and equipment	$ 29

SIGNIFICANT JUDGMENTS, ESTIMA_2

SIGNIFICANT JUDGMENTS, ESTIMATES AND ASSUMPTIONS (Details)	12 Months Ended
	Dec. 31, 2021
CMC Exploration Assets
Disclosure of detailed information about business combination [line items]
Percentage of ownership in Joint Venture	50.00%

ACQUISITION (Details)

ACQUISITION (Details) - TMAC Resources Inc. $ in Thousands	Feb. 02, 2021USD ($)$ / shares
ACQUISITION
Share Purchased Price Per Share At Acquisition Date | $ / shares	$ 2.20
Purchase of TMAC | $	$ 225,580

ACQUISITION - Previously report

ACQUISITION - Previously reported preliminary estimates and adjusted final estimates of fair value (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	$ 39,682
Restricted cash	21,796
Inventories	84,576
Other current assets	2,028
Plant and equipment	183,110
Deferred income tax asset	133,097
Accounts payable and accrued and other liabilities (ii)	(84,805)
Advance due to Agnico Eagle	(105,000)
Reclamation provision	(48,904)
Net assets acquired	225,580
Amount Paid To Repurchase Net Smelter Return Royalty	50,000
Hope Bay Mine
Disclosure of detailed information about business combination [line items]
Amount Payable To Repurchase Net Smelter Return Royalty	$ 50,000
Percentage of net smelter return royalty to be repurchased	1.50%
Acquisition costs	$ 2,900
Previously stated [member]
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	39,682
Restricted cash	21,796
Inventories	84,576
Other current assets	2,028
Plant and equipment	206,507
Deferred income tax asset	109,700
Accounts payable and accrued and other liabilities (ii)	(84,805)
Advance due to Agnico Eagle	(105,000)
Reclamation provision	(48,904)
Net assets acquired	225,580
Business Combination Adjustment
Disclosure of detailed information about business combination [line items]
Plant and equipment	(23,397)
Deferred income tax asset	$ 23,397

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
FAIR VALUE MEASUREMENT
Transfers of financial assets from level 1 to 2	$ 0
Transfers of financial assets from level 2 to 1	0
Transfers of financial assets into 3	0
Transfers of financial assets from 3	0
Transfers of financial liabilities from level 1 to 2	0
Transfers of financial liabilities from level 2 to 1	0
Transfers of financial liabilities into 3	0
Transfers of financial liabilities from 3	0
Long term debt
FAIR VALUE MEASUREMENT
Total financial liabilities	1,724,100	$ 1,824,300
Fair value measurement at Recurring basis
FAIR VALUE MEASUREMENT
Total financial assets	369,359	422,486
Total financial liabilities	22,089	904
Fair value measurement at Recurring basis | Fair value of derivative financial instruments
FAIR VALUE MEASUREMENT
Total financial liabilities	22,089	904
Fair value measurement at Recurring basis | Trade receivables..
FAIR VALUE MEASUREMENT
Total financial assets	13,545	11,867
Fair value measurement at Recurring basis | Equity securities (FVTOCI)
FAIR VALUE MEASUREMENT
Total financial assets	268,950	282,356
Fair value measurement at Recurring basis | Share purchase warrants (FVPL)
FAIR VALUE MEASUREMENT
Total financial assets	74,559	92,747
Fair value measurement at Recurring basis | Fair value of derivative financial instruments
FAIR VALUE MEASUREMENT
Total financial assets	12,305	35,516
Fair value measurement at Recurring basis | Level 1
FAIR VALUE MEASUREMENT
Total financial assets	244,876	255,316
Fair value measurement at Recurring basis | Level 1 | Equity securities (FVTOCI)
FAIR VALUE MEASUREMENT
Total financial assets	244,876	255,316
Fair value measurement at Recurring basis | Level 2
FAIR VALUE MEASUREMENT
Total financial assets	124,483	167,170
Total financial liabilities	22,089	904
Fair value measurement at Recurring basis | Level 2 | Fair value of derivative financial instruments
FAIR VALUE MEASUREMENT
Total financial liabilities	22,089	904
Fair value measurement at Recurring basis | Level 2 | Trade receivables..
FAIR VALUE MEASUREMENT
Total financial assets	13,545	11,867
Fair value measurement at Recurring basis | Level 2 | Equity securities (FVTOCI)
FAIR VALUE MEASUREMENT
Total financial assets	24,074	27,040
Fair value measurement at Recurring basis | Level 2 | Share purchase warrants (FVPL)
FAIR VALUE MEASUREMENT
Total financial assets	74,559	92,747
Fair value measurement at Recurring basis | Level 2 | Fair value of derivative financial instruments
FAIR VALUE MEASUREMENT
Total financial assets	$ 12,305	$ 35,516

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVENTORIES
Ore in stockpiles and on leach pads	$ 140,288	$ 80,722
Concentrates and dore bars	125,738	111,100
Supplies	612,918	438,652
Total current inventories	878,944	630,474
Non-current ore in stockpiles and on leach pads (Note 7B)	274,576	198,044
Total inventories	1,153,520	828,518
Inventory write-down	$ 28,700	$ 23,500

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 18, 2019	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Detailed Information Of Other Current Assets [Line Items]
Federal, provincial and other sales taxes receivable		$ 81,450	$ 67,666
Prepaid expenses		90,681	72,502
Other receivables		24,594	17,299
Other		2,121	1,745
Total other current assets		198,846	159,212
Non-current ore in stockpiles and on leach pads		274,576	198,044
Non-current prepaid expenses		27,481	26,945
Non-current loan receivable - Orla		37,942	21,247
Non-current other receivables		10,098	8,238
Other		3,101	4,780
Total other assets		$ 353,198	$ 259,254
Orla Mining Ltd.
Disclosure Of Detailed Information Of Other Current Assets [Line Items]
Loan receivable term	5 years
Interest rate on loan receivables	8.80%
Aggregate financing commitment	$ 40,000

PROPERTY, PLANT AND MINE DEVE_3

PROPERTY, PLANT AND MINE DEVELOPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, plant and mine development
Property, plant and equipment at beginning of period	$ 7,325,418	$ 7,003,665
Additions	944,877	987,946
Acquisitions through business combinations, property, plant and equipment	183,110
Disposals	(13,603)	(15,248)
Amortization	(793,521)	(650,945)
Property, plant and equipment at end of period	7,646,281	7,325,418
Additions of right-of-use assets for lease arrangements	41,024	9,688
Pre-commercial production revenue	45,700	59,200
Gain (loss) on disposal of property, plant and mine development	(9,451)	(14,182)
Mining Properties
Property, plant and mine development
Property, plant and equipment at beginning of period	2,159,413	2,008,551
Additions	76,403	204,239
Acquisitions through business combinations, property, plant and equipment	91,204
Amortization	(231,729)	(180,007)
Transfers between categories	(570)	126,630
Property, plant and equipment at end of period	2,094,721	2,159,413
Plant and Equipment
Property, plant and mine development
Property, plant and equipment at beginning of period	3,225,699	3,187,795
Additions	183,670	285,083
Acquisitions through business combinations, property, plant and equipment	91,906
Disposals	(13,603)	(15,248)
Amortization	(414,353)	(348,993)
Transfers between categories	194,247	117,062
Property, plant and equipment at end of period	3,267,566	3,225,699
Additions of right-of-use assets for lease arrangements	41,000	9,700
Mine Development Costs
Property, plant and mine development
Property, plant and equipment at beginning of period	1,940,306	1,807,319
Additions	684,804	498,624
Amortization	(147,439)	(121,945)
Transfers between categories	(193,677)	(243,692)
Property, plant and equipment at end of period	2,283,994	1,940,306
Assets under construction
Property, plant and mine development
Property, plant and equipment at beginning of period	387,600
Property, plant and equipment at end of period	579,300	387,600
Gross carrying amount
Property, plant and mine development
Property, plant and equipment at beginning of period	13,008,233
Property, plant and equipment at end of period	14,065,885	13,008,233
Gross carrying amount | Mining Properties
Property, plant and mine development
Property, plant and equipment at beginning of period	3,680,992
Property, plant and equipment at end of period	3,833,970	3,680,992
Gross carrying amount | Plant and Equipment
Property, plant and mine development
Property, plant and equipment at beginning of period	6,528,830
Property, plant and equipment at end of period	6,942,383	6,528,830
Gross carrying amount | Mine Development Costs
Property, plant and mine development
Property, plant and equipment at beginning of period	2,798,411
Property, plant and equipment at end of period	3,289,532	2,798,411
Accumulated depreciation, amortization and impairment
Property, plant and mine development
Property, plant and equipment at beginning of period	(5,682,815)
Property, plant and equipment at end of period	(6,419,604)	(5,682,815)
Accumulated depreciation, amortization and impairment | Mining Properties
Property, plant and mine development
Property, plant and equipment at beginning of period	(1,521,579)
Property, plant and equipment at end of period	(1,739,249)	(1,521,579)
Accumulated depreciation, amortization and impairment | Plant and Equipment
Property, plant and mine development
Property, plant and equipment at beginning of period	(3,303,131)
Property, plant and equipment at end of period	(3,674,817)	(3,303,131)
Accumulated depreciation, amortization and impairment | Mine Development Costs
Property, plant and mine development
Property, plant and equipment at beginning of period	(858,105)
Property, plant and equipment at end of period	$ (1,005,538)	$ (858,105)

PROPERTY, PLANT AND MINE DEVE_4

PROPERTY, PLANT AND MINE DEVELOPMENT - Geographic Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, plant and mine development
Property, plant and equipment	$ 7,646,281	$ 7,325,418	$ 7,003,665
Canada..
Property, plant and mine development
Property, plant and equipment	5,529,486	5,166,239
Finland
Property, plant and mine development
Property, plant and equipment	1,435,881	1,428,331
Sweden
Property, plant and mine development
Property, plant and equipment	13,812	13,812
Mexico
Property, plant and mine development
Property, plant and equipment	659,469	714,576
United states
Property, plant and mine development
Property, plant and equipment	$ 7,633	$ 2,460

INVESTMENTS (Details)

INVESTMENTS (Details) $ in Thousands	Dec. 31, 2021USD ($)EquityInstruments	Dec. 31, 2020USD ($)EquityInstruments
Disclosure of financial assets [line items]
Equity securities	$ 268,950	$ 282,356
Share purchase warrants	74,559	92,747
Total investments	$ 343,509	$ 375,103
Number of equity investments | EquityInstruments	20	17
Orla. Mining Ltd.
Disclosure of financial assets [line items]
Equity securities	$ 89,974	$ 113,460
Share purchase warrants	26,317	47,329
Total investments	116,291	160,789
Rupert Resources Ltd.
Disclosure of financial assets [line items]
Equity securities	76,883	65,461
Share purchase warrants	42,768	39,280
Total investments	119,651	104,741
White Gold Corp.
Disclosure of financial assets [line items]
Equity securities	17,403	13,419
Share purchase warrants	99
Total investments	17,502	13,419
Royal Road Minerals Ltd.
Disclosure of financial assets [line items]
Equity securities	12,849	12,801
Total investments	12,849	12,801
Other
Disclosure of financial assets [line items]
Equity securities	71,841	77,215
Share purchase warrants	5,375	6,138
Total investments	$ 77,216	$ 83,353

INVESTMENTS - Disposals of Equi

INVESTMENTS - Disposals of Equity Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INVESTMENTS
Fair value at the time of sale of equity investment	$ 4.3
Cumulative net gain before tax on disposal of equity investment	5.9
Cumulative net gain on disposal of equity investment	$ 5.1
Disposals of equity securities		$ 0

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Trade payables	$ 189,069	$ 167,127
Wages payable	70,584	58,068
Accrued liabilities	104,551	95,860
Other liabilities	50,469	42,746
Total accounts payable and accrued liabilities	$ 414,673	$ 363,801

RECLAMATION PROVISION (Details)

RECLAMATION PROVISION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
RECLAMATION PROVISION
Long-term, beginning of year	$ 651,783
Current, beginning of year	15,270
Reclassification from long-term to current, end of year	(7,547)	$ (15,270)
Long-term, end of year	722,449	651,783
Asset retirement obligation
RECLAMATION PROVISION
Long-term, beginning of year	635,648	419,417
Current, beginning of year	11,320	9,377
Current year additions and changes in estimate, net	72,181	198,843
Current year accretion	6,554	3,502
Liabilities settled	(3,213)	(1,892)
Foreign exchange revaluation	(10,985)	17,721
Reclassification from long-term to current, end of year	(4,547)	(11,320)
Long-term, end of year	706,958	635,648
Asset retirement obligation | TMAC. Resources Inc.
RECLAMATION PROVISION
Current year additions and changes in estimate, net	48,900
Environmental remediation liability
RECLAMATION PROVISION
Long-term, beginning of year	16,135	7,929
Current, beginning of year	3,950	3,078
Current year additions and changes in estimate, net	1,048	10,480
Liabilities settled	(2,816)	(1,539)
Foreign exchange revaluation	174	137
Reclassification from long-term to current, end of year	(3,000)	(3,950)
Long-term, end of year	$ 15,491	$ 16,135
Minimum | Discount rate.
RECLAMATION PROVISION
Discount rate used	0.36%	(0.10%)
Maximum | Discount rate.
RECLAMATION PROVISION
Discount rate used	1.56%	0.92%

LEASES - Right-of-use assets (D

LEASES - Right-of-use assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Carrying amounts of right-of-use assets
Balance, beginning of year	$ 112,715	$ 117,581
Net additions and modifications, net of disposals	41,024	9,688
Amortization	(19,717)	(14,554)
Balance, end of year	134,022	$ 112,715
TMAC. Resources Inc.
Carrying amounts of right-of-use assets
Net additions and modifications, net of disposals	$ 1,800

LEASES - Lease obligations (Det

LEASES - Lease obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Lease liabilities included in the statement of financial position
Current	$ 32,988	$ 20,852
Lease obligations (Note 13)	98,445	99,423
Total lease obligations	$ 131,433	$ 120,275

LEASES - Future minimum lease p

LEASES - Future minimum lease payments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Future minimum lease payments
Future minimum lease payments required to meet obligations that have initial or remaining non-cancellable lease terms	$ 136,258	$ 123,701
2022
Future minimum lease payments
Future minimum lease payments required to meet obligations that have initial or remaining non-cancellable lease terms	33,952	20,464
Between 1-3 years
Future minimum lease payments
Future minimum lease payments required to meet obligations that have initial or remaining non-cancellable lease terms	37,825	28,090
Between 3 - 5 years
Future minimum lease payments
Future minimum lease payments required to meet obligations that have initial or remaining non-cancellable lease terms	16,674	17,846
Thereafter
Future minimum lease payments
Future minimum lease payments required to meet obligations that have initial or remaining non-cancellable lease terms	$ 47,807	$ 57,301

LEASES - Recognition of amounts

LEASES - Recognition of amounts in the consolidated statements of income (loss) with respect to leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LEASES
Amortization of right-of-use assets	$ 19,717	$ 14,554
Interest expense on lease obligations	2,252	1,997
Variable lease payments not included in the measurement of lease liabilities	137,369	117,317
Expenses relating to short-term leases	3,883	4,926
Expenses relating to leases of low value assets, excluding short-term leases of low value assets	$ 1,105	$ 792

LEASES - Additional information

LEASES - Additional information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LEASES
Cash outflow for leases	$ 290.8	$ 221.9

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LONG-TERM DEBT
Total debt	$ 1,565,223	$ 1,565,241
Less: current portion	225,000
Total long-term debt	1,340,223	1,565,241
Credit Facility
LONG-TERM DEBT
Deferred financing costs	(3,851)	(2,768)
Outstanding borrowings	0	0
2020 Notes
LONG-TERM DEBT
Total long-term debt	198,585	198,505
2018 Notes
LONG-TERM DEBT
Total long-term debt	348,316	348,145
2017 Notes
LONG-TERM DEBT
Total long-term debt	298,670	298,454
2016 Notes
LONG-TERM DEBT
Total long-term debt	349,053	348,790
2015 Note
LONG-TERM DEBT
Total long-term debt	49,755	49,690
.2012 Notes
LONG-TERM DEBT
Total long-term debt	199,745	199,575
2010 Notes
LONG-TERM DEBT
Total long-term debt	$ 124,950	$ 124,850

LONG-TERM DEBT - Scheduled Debt

LONG-TERM DEBT - Scheduled Debt Principal Repayments (Details) $ in Thousands	Dec. 31, 2021USD ($)
Scheduled Debt Principal Repayments
Total	$ 1,575,000
2022
Scheduled Debt Principal Repayments
Total	225,000
2023
Scheduled Debt Principal Repayments
Total	100,000
2024
Scheduled Debt Principal Repayments
Total	100,000
2025
Scheduled Debt Principal Repayments
Total	90,000
2026
Scheduled Debt Principal Repayments
Total	200,000
Thereafter
Scheduled Debt Principal Repayments
Total	860,000
2020 Notes
Scheduled Debt Principal Repayments
Total	200,000
2020 Notes | Thereafter
Scheduled Debt Principal Repayments
Total	200,000
2018 Notes
Scheduled Debt Principal Repayments
Total	350,000
2018 Notes | Thereafter
Scheduled Debt Principal Repayments
Total	350,000
2017 Notes
Scheduled Debt Principal Repayments
Total	300,000
2017 Notes | 2025
Scheduled Debt Principal Repayments
Total	40,000
2017 Notes | Thereafter
Scheduled Debt Principal Repayments
Total	260,000
2016 Notes
Scheduled Debt Principal Repayments
Total	350,000
2016 Notes | 2023
Scheduled Debt Principal Repayments
Total	100,000
2016 Notes | 2026
Scheduled Debt Principal Repayments
Total	200,000
2016 Notes | Thereafter
Scheduled Debt Principal Repayments
Total	50,000
2015 Note
Scheduled Debt Principal Repayments
Total	50,000
2015 Note | 2025
Scheduled Debt Principal Repayments
Total	50,000
.2012 Notes
Scheduled Debt Principal Repayments
Total	200,000
.2012 Notes | 2022
Scheduled Debt Principal Repayments
Total	100,000
.2012 Notes | 2024
Scheduled Debt Principal Repayments
Total	100,000
2010 Notes
Scheduled Debt Principal Repayments
Total	125,000
2010 Notes | 2022
Scheduled Debt Principal Repayments
Total	$ 125,000

LONG-TERM DEBT - Credit Facilit

LONG-TERM DEBT - Credit Facility (Details) - Credit Facility - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 22, 2021	Dec. 21, 2021
Other Current Assets
Aggregate financing commitment			$ 1,200,000
Amount of credit facility available			$ 600,000	$ 300,000
Outstanding borrowings	$ 0	$ 0
Outstanding letters of credit	900	900
Proceeds from Credit Facility (Note 13)	595,000	1,075,000
Repayments of non-current borrowings	$ 595,000	$ 1,075,000
Minimum
Other Current Assets
Standby fee (in percent)	0.09%
Maximum
Other Current Assets
Standby fee (in percent)	0.25%
Base rate advances | Minimum
Other Current Assets
Interest rate	0.00%
Base rate advances | Maximum
Other Current Assets
Interest rate	1.00%
LIBOR advances | Minimum
Other Current Assets
Interest rate	1.00%
LIBOR advances | Maximum
Other Current Assets
Interest rate	2.00%
Performance letters of credit | Minimum
Other Current Assets
Interest rate	0.60%
Performance letters of credit | Maximum
Other Current Assets
Interest rate	1.20%

LONG-TERM DEBT - 2020 Notes (De

LONG-TERM DEBT - 2020 Notes (Details) $ in Thousands	Apr. 07, 2020USD ($)
2020 Notes
Disclosure of detailed information about borrowings [line items]
Principal	$ 200,000
Series A
Disclosure of detailed information about borrowings [line items]
Principal	$ 100,000
Interest rate	2.78%
Series B
Disclosure of detailed information about borrowings [line items]
Principal	$ 100,000
Interest rate	2.88%
Weighted Average | 2020 Notes
Disclosure of detailed information about borrowings [line items]
Maturity period	11 years
Interest rate	2.83%

LONG-TERM DEBT - 2018 Notes (De

LONG-TERM DEBT - 2018 Notes (Details) $ in Thousands	Apr. 05, 2018USD ($)
2018 Notes
LONG-TERM DEBT
Principal	$ 350,000
Series.. A.
LONG-TERM DEBT
Principal	$ 45,000
Interest rate	4.38%
Series.. B.
LONG-TERM DEBT
Principal	$ 55,000
Interest rate	4.48%
Series C
LONG-TERM DEBT
Principal	$ 250,000
Interest rate	4.63%

LONG-TERM DEBT - 2017 Notes (De

LONG-TERM DEBT - 2017 Notes (Details) $ in Thousands	Jun. 29, 2017USD ($)
2017 Notes
LONG-TERM DEBT
Principal	$ 300,000
Series.. A
LONG-TERM DEBT
Principal	$ 40,000
Interest rate	4.42%
Series.. B
LONG-TERM DEBT
Principal	$ 100,000
Interest rate	4.64%
Series. C.
LONG-TERM DEBT
Principal	$ 150,000
Interest rate	4.74%
Series D
LONG-TERM DEBT
Principal	$ 10,000
Interest rate	4.89%

LONG-TERM DEBT - 2016 Notes (De

LONG-TERM DEBT - 2016 Notes (Details) $ in Thousands	Jun. 30, 2016USD ($)
2016 Notes
LONG-TERM DEBT
Principal	$ 350,000
Series A..
LONG-TERM DEBT
Principal	$ 100,000
Interest rate	4.54%
Series B..
LONG-TERM DEBT
Principal	$ 200,000
Interest rate	4.84%
Series C..
LONG-TERM DEBT
Principal	$ 50,000
Interest rate	4.94%

LONG-TERM DEBT - 2015 Note (Det

LONG-TERM DEBT - 2015 Note (Details) - 2015 Note $ in Millions	Sep. 30, 2015USD ($)
LONG-TERM DEBT
Principal	$ 50
Interest rate	4.15%

LONG-TERM DEBT - 2012 Notes (De

LONG-TERM DEBT - 2012 Notes (Details) $ in Thousands	Jul. 24, 2012USD ($)
.2012 Notes
LONG-TERM DEBT
Principal	$ 200,000
Series. A.
LONG-TERM DEBT
Principal	$ 100,000
Interest rate	4.87%
Series. B.
LONG-TERM DEBT
Principal	$ 100,000
Interest rate	5.02%

LONG-TERM DEBT - 2010 Notes (De

LONG-TERM DEBT - 2010 Notes (Details) - USD ($) $ in Millions	Apr. 07, 2020	Dec. 31, 2021	Apr. 07, 2010
2010 Notes
LONG-TERM DEBT
Principal			$ 600
Series B.
LONG-TERM DEBT
Repayments of debt	$ 360
Interest rate	6.67%
Series C.
LONG-TERM DEBT
Interest rate		6.77%
Outstanding borrowings		$ 125

LONG-TERM DEBT - Finance Costs

LONG-TERM DEBT - Finance Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LONG-TERM DEBT
Interest on Notes	$ 72,795	$ 77,739
Stand-by fees on credit facilities	5,546	5,107
Amortization of credit facilities, financing and note issuance costs	3,778	3,594
Interest on Credit Facility	1,549	5,304
Accretion expense on reclamation provisions	6,554	3,502
Interest on lease obligations, other interest and penalties	5,329	2,684
Interest capitalized to assets under construction	(3,509)	(2,796)
Total finance costs	$ 92,042	$ 95,134
Capitalization rate (as a percent)	1.20%	1.18%

OTHER LIABILITIES (Details)

OTHER LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of defined benefit plans [line items]
Pension benefit obligations	$ 51,210	$ 49,822
Other	19,051	13,514
Total other liabilities	$ 70,261	$ 63,336
Minimum number of years of service for retirement program	10 years
Age limit to eligible for retirement program (in years)	57 years
Minimum Age Limit to Eligible for Retirement Program	57 years
Mexico Plans
Disclosure of defined benefit plans [line items]
Minimum number of years of service for retirement program	15 years
Minimum Age Limit to Eligible for Retirement Program	60 years	60 years

OTHER LIABILITIES - Funded Stat

OTHER LIABILITIES - Funded Status of Defined Benefit Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Details of defined benefit liability
Balance at the beginning of year	$ 41,337
Balance at end of year	41,939	$ 41,337
Plan assets
Details of defined benefit liability
Balance at the beginning of year	2,768	2,594
Employer contributions	3,584	2,800
Benefit payments	(3,325)	(2,570)
Administrative expenses	(130)	(115)
Interest on assets	72	77
Net return on assets excluding interest	(72)	(77)
Effect of exchange rate changes	8	59
Balance at end of year	2,905	2,768
Present value of defined benefit obligation
Details of defined benefit liability
Balance at the beginning of year	44,105	29,336
Current service cost	2,624	12,827
Past service cost	5,351
Benefit payments	(3,325)	(2,570)
Interest cost	1,240	809
Actuarial (gains) losses arising from changes in economic assumptions	(2,785)	1,861
Actuarial losses arising from changes in demographic assumptions	992	882
Actuarial gains arising from Plan experience	(2,842)	(321)
Effect of exchange rate changes	(516)	1,281
Balance at end of year	$ 44,844	$ 44,105

OTHER LIABILITIES - Components

OTHER LIABILITIES - Components of pension expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined benefit pension plan expense
Current service cost	$ 2,624	$ 12,827
Past service cost	5,351
Administrative expenses	130	115
Interest cost on defined benefit obligation	1,240	809
Interest on assets	(72)	(77)
Pension expense	$ 9,273	$ 13,674

OTHER LIABILITIES - Remeasureme

OTHER LIABILITIES - Remeasurements of net defined benefit liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of defined benefit plans [line items]
Actuarial (gains) losses relating to the defined benefit obligation	$ (4,634)	$ 2,584
Net return on assets excluding interest	72	77
Total remeasurements of the net defined benefit liability	(4,562)	$ 2,661
Estimate of contributions expected to be paid to plan for next annual reporting period	2,800
Estimate of benefit payments expected to be paid to plan for next annual reporting period	$ 2,500
Canada
Disclosure of defined benefit plans [line items]
Weighted average duration of defined benefit obligation	12 years 7 months 6 days	14 years 4 months 24 days
Mexico Plans
Disclosure of defined benefit plans [line items]
Weighted average duration of defined benefit obligation	5 years 10 months 24 days	3 years 8 months 12 days

OTHER LIABILITIES - Significant

OTHER LIABILITIES - Significant weighted average assumptions (Details)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Executives Plan
Significant weighted average assumptions
Discount rate (as a percent)	3.00%	2.50%	3.00%
Retirement Program
Significant weighted average assumptions
Discount rate (as a percent)	2.50%	1.80%	2.80%
Retirement Program | Minimum
Significant weighted average assumptions
Termination of employment per annum	2.00%	2.00%
Retirement Program | Maximum
Significant weighted average assumptions
Termination of employment per annum	10.00%	10.00%

OTHER LIABILITIES - Significa_2

OTHER LIABILITIES - Significant actuarial assumptions for Mexico Plans (Details)	Dec. 31, 2021	Dec. 31, 2020
Mexico Plans
Disclosure of defined benefit plans [line items]
Discount rate (as a percent)	7.50%	5.50%

OTHER LIABILITIES - Effect of c

OTHER LIABILITIES - Effect of changes in significant actuarial assumptions (Details) $ in Thousands	Dec. 31, 2021USD ($)
Effect of changes in significant actuarial assumptions
Increase in actuarial assumption (as a percent)	0.50%
Decrease in actuarial assumption (as a percent)	0.50%
Increase in actuarial assumption	$ (1,703)
Decrease in actuarial assumption	$ 1,839

OTHER LIABILITIES - Other Plans

OTHER LIABILITIES - Other Plans (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)planinstallment	Dec. 31, 2020USD ($)
Details of other plans
Number of defined contribution plans | plan	2
Basic Plan
Details of other plans
Percentage of Agnico Eagle's contribution for employees to a defined contribution plan (as a percent)	5.00%
Agnico Eagle's contribution amount to a defined contribution plan	$ 17	$ 13.6
Supplemental Plan
Details of other plans
Agnico Eagle's contribution amount to a defined contribution plan	$ 1.5	1.3
Percentage of Agnico Eagle's contribution for designated executives to a defined contribution plan (as a percent)	10.00%
Net contribution plan liability in relation to plan	$ 10.6	11.5
Number of pension payable in annual installments | installment	5
Key management personnel | Basic Plan
Details of other plans
Agnico Eagle's contribution amount to a defined contribution plan	$ 0.2	0.2
Key management personnel | Supplemental Plan
Details of other plans
Agnico Eagle's contribution amount to a defined contribution plan	$ 0.9	$ 1

EQUITY - Common Shares (Details

EQUITY - Common Shares (Details) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
EQUITY
Common stock, par value (in dollars per share)	$ 0
Common stock, shares issued	245,435,804	243,301,195
Common shares held in trust	433,947	416,881

EQUITY - Common shares outstand

EQUITY - Common shares outstanding (Details) - shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Common shares held in trusts in connection with the RSU plan (Note 17C), PSU plan (Note 17D) and LTIP	433,947	416,881
Total	249,918,745
Employee stock options.
Employee stock options	4,482,941
Common Shares Outstanding
Common shares outstanding	245,001,857	242,884,314	239,619,035

EQUITY - Net Income Per Share (

EQUITY - Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EQUITY
Net income for the year	$ 543,009	$ 511,607
Weighted average number of common shares outstanding - basic	243,708,000	241,508,000
Add: Dilutive impact of common shares related to the RSU plan, PSU plan and LTIP	598,000	695,000
Add: Dilutive impact of employee stock options	426,000	869,000
Weighted average number of common shares outstanding - diluted	244,732,000	243,072,000
Net income per share - basic	$ 2.23	$ 2.12
Net income per share - diluted	$ 2.22	$ 2.10
Anti-dilutive employee stock options	2,806,786	0

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock options (Details) - Employee stock options.	Jan. 01, 2021Options$ / sharesshares	Dec. 31, 2021CAD ($)Optionsshares	Dec. 31, 2021CAD ($)Optionsshares	Dec. 31, 2021CAD ($)Optionsshares	Dec. 31, 2021CAD ($)Options$ / sharesshares	Dec. 31, 2021CAD ($)Optionsshares	Dec. 31, 2020CAD ($)Options	Dec. 31, 2020CAD ($)Options	Dec. 31, 2020CAD ($)Optionsshares	Dec. 31, 2020CAD ($)Options$ / shares	Dec. 31, 2020CAD ($)Options
Share based compensation
Number of common shares that reserved for issuance to any one person under ESOP (in percentage)			5.00%
Maximum number of common shares reserved for issuance | shares		38,700,000	38,700,000	38,700,000	38,700,000	38,700,000
Number of stock options vested within 30 days of grant date | shares				397,688					395,164
Vesting period							3 years
Number of stock options
Outstanding, beginning of year | Options	3,421,404					3,421,404					4,122,300
Granted during the year			1,590,750			1,590,750		1,583,150			1,583,150
Exercised during the year | Options						(471,765)					(2,170,460)
Forfeited during the year | Options						(57,448)					(113,586)
Outstanding, end of year | Options						4,482,941					3,421,404
Options exercisable, end of year | Options		2,077,187	2,077,187	2,077,187	2,077,187	2,077,187	852,588	852,588	852,588	852,588	852,588
Weighted average exercise price
Options outstanding, beginning of year	$ 65.27				$ 65.27					$ 54.86
Granted during the year					89.59					80.04
Exercised during the year					58.40					56.33
Forfeited during the year					80.35					63.88
Options outstanding, end of year					74.43					65.27
Options exercisable, end of year					68.28					60.61
Average share price of common shares					$ 76					$ 87.92
Fair value at grant date | $		$ 18.95	$ 18.95	$ 18.95	$ 18.95	$ 18.95	$ 13.68	$ 13.68	$ 13.68	$ 13.68	$ 13.68
Common stock reserved for future issuance | shares		4,482,941	4,482,941	4,482,941	4,482,941	4,482,941
Number of common shares available for grant | shares		5,068,748	5,068,748	5,068,748	5,068,748	5,068,748
Maximum
Share based compensation
Option term (expiration period)		5 years
Vesting period		3 years
Subsequent events
Share based compensation
Number of stock options vested within 30 days of grant date | shares	410,306
Vesting period	3 years
Number of stock options
Granted during the year | Options	1,641,225

STOCK-BASED COMPENSATION - St_2

STOCK-BASED COMPENSATION - Stock options exercisable (Details) - Employee stock options. $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)Y	Dec. 31, 2020USD ($)Y	Dec. 31, 2021Options$ / sharesshares	Dec. 31, 2020Options$ / shares	Dec. 31, 2019Options$ / shares
Range of exercise prices and number and weighted average remaining contractual life of stock options
Number of stock options outstanding | Options			4,482,941	3,421,404	4,122,300
Weighted average exercise price of outstanding stock options			$ 74.43	$ 65.27	$ 54.86
Number of exercisable stock options | Options			2,077,187	852,588
Weighted average exercise price of exercisable stock options			$ 68.28	$ 60.61
Common stock reserved for future issuance | shares			4,482,941
Number of common shares available for grant | shares			5,068,748
Significant assumptions used to estimate the fair value of stock options
Risk-free interest rate	0.54%	1.90%
Expected life of stock options (in years) | Y	2.4	2.4
Expected volatility (as a percent)	38.00%	27.50%
Expected dividend yield	2.20%	1.20%
Total compensation expense recorded in the general and administrative | $	$ 20.2	$ 15.9
Exercise Price Range 55.10 to 58.04
Range of exercise prices and number and weighted average remaining contractual life of stock options
Number of stock options outstanding | Options			1,676,155
Weighted average remaining contractual life of outstanding share options	1 year 6 months 18 days
Weighted average exercise price of outstanding stock options			$ 56.15
Number of exercisable stock options | Options			1,198,500
Weighted average remaining contractual life of exercisable stock options	1 year 4 months 13 days
Weighted average exercise price of exercisable stock options			$ 56.57
Exercise Price Range 79.98 To 89.59
Range of exercise prices and number and weighted average remaining contractual life of stock options
Number of stock options outstanding | Options			2,806,786
Weighted average remaining contractual life of outstanding share options	3 years 6 months 25 days
Weighted average exercise price of outstanding stock options			$ 85.35
Number of exercisable stock options | Options			878,687
Weighted average remaining contractual life of exercisable stock options	3 years 5 months 12 days
Weighted average exercise price of exercisable stock options			$ 84.26
Exercise Price Range From 55.10 To 89.59
Range of exercise prices and number and weighted average remaining contractual life of stock options
Number of stock options outstanding | Options			4,482,941
Weighted average remaining contractual life of outstanding share options	2 years 9 months 21 days
Weighted average exercise price of outstanding stock options			$ 74.43
Number of exercisable stock options | Options			2,077,187
Weighted average remaining contractual life of exercisable stock options	2 years 3 months
Weighted average exercise price of exercisable stock options			$ 68.28
Minimum | Exercise Price Range 55.10 to 58.04
Range of exercise prices and number and weighted average remaining contractual life of stock options
Range of exercise prices			55.10
Minimum | Exercise Price Range 79.98 To 89.59
Range of exercise prices and number and weighted average remaining contractual life of stock options
Range of exercise prices			79.98
Minimum | Exercise Price Range From 55.10 To 89.59
Range of exercise prices and number and weighted average remaining contractual life of stock options
Range of exercise prices			55.10
Maximum | Exercise Price Range 55.10 to 58.04
Range of exercise prices and number and weighted average remaining contractual life of stock options
Range of exercise prices			58.04
Maximum | Exercise Price Range 79.98 To 89.59
Range of exercise prices and number and weighted average remaining contractual life of stock options
Range of exercise prices			89.59
Maximum | Exercise Price Range From 55.10 To 89.59
Range of exercise prices and number and weighted average remaining contractual life of stock options
Range of exercise prices			$ 89.59

STOCK-BASED COMPENSATION - Othe

STOCK-BASED COMPENSATION - Other equity instruments (Details)	Jan. 01, 2021EquityInstruments	Dec. 31, 2021USD ($)EquityInstrumentsshares	Dec. 31, 2020USD ($)EquityInstrumentsshares	May 31, 2019shares	Apr. 30, 2019shares
ISPP
Share based compensation
Percentage of contribution to the plan by participants from their annual salaries		10.00%
Percentage of contribution to the plan by company on the participants contribution		50.00%
Total compensation cost		$ 9,200,000	$ 6,900,000
Number of common shares subscribed | shares		497,767	351,086
Value of common shares subscribed		$ 27,500,000	$ 20,700,000
Maximum number of common shares reserved for issuance | shares				8,100,000	7,100,000
Number of awards available for grant | shares		372,602	870,369
RSU
Share based compensation
Number of awards granted | EquityInstruments		317,114	307,732
Fair value at grant date		$ 74.45	$ 60.80
Amount transferred to an employee benefit trust to be used to purchase common shares of the company in the open market		23,600,000	18,700,000
Total compensation expense recorded in the general and administrative		$ 21,500,000	$ 21,700,000
PSU
Share based compensation
Vesting period		3 years
Number of awards granted | EquityInstruments		148,500	170,500
Fair value at grant date		$ 92.75	$ 74.55
Amount transferred to an employee benefit trust to be used to purchase common shares of the company in the open market		10,800,000	10,400,000
Total compensation expense recorded in the general and administrative		$ 10,400,000	$ 12,500,000
Maximum | RSU
Share based compensation
Vesting period		3 years
Subsequent events | RSU
Share based compensation
Number of awards granted | EquityInstruments	366,586
Subsequent events | PSU
Share based compensation
Number of awards granted | EquityInstruments	157,500

OTHER RESERVES (Details)

OTHER RESERVES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Components of other reserves and the movements in other reserves
Balance at the beginning of the year	$ 5,683,213	$ 5,111,514
Net change in cash flow hedge reserve	1,175	(11,964)
Balance at the end of the year	5,980,835	5,683,213
Other Reserves.
Components of other reserves and the movements in other reserves
Balance at the beginning of the year	85,252	(47,922)
Net change in fair value of equity securities	(37,208)	145,138
Transfer of net loss on disposal of equity securities to deficit	5,057
Transfer of loss on disposal of equity securities to deficit (Note 10)	5,057
Net change in cash flow hedge reserve	1,175	(11,964)
Balance at the end of the year	54,276	85,252
Equity securities reserve
Components of other reserves and the movements in other reserves
Balance at the beginning of the year	97,216	(47,922)
Net change in fair value of equity securities	(37,208)	145,138
Transfer of net loss on disposal of equity securities to deficit	5,057
Balance at the end of the year	65,065	97,216
Cash flow hedge reserve
Components of other reserves and the movements in other reserves
Balance at the beginning of the year	(11,964)
Net change in cash flow hedge reserve	1,175	(11,964)
Balance at the end of the year	$ (10,789)	$ (11,964)

REVENUES FROM MINING OPERATIO_3

REVENUES FROM MINING OPERATIONS AND TRADE RECEIVABLES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)customer	Dec. 31, 2020USD ($)
Revenues from mining operations:
Revenue from contracts with customers	$ 3,821,683	$ 3,137,795
Provisional pricing adjustments on concentrate sales	2,195	318
Gold	3,714,917	3,047,019
Silver	69,876	73,904
Zinc	13,679	2,312
Copper	23,211	14,560
Total revenues from mining operations	3,823,878	3,138,113
Provisionally concentrate sales	$ 13,545	$ 11,867
Precious metals revenue (as percentage of total revenue)	99.00%	99.50%
Customers who contribute over 10% revenue
Disclosure of major customers
Number of clients who account for more than 10% of revenue | customer	4
Percentage of total revenue from mining operations	86.40%	84.30%
Revenues from mining operations:
Total revenues from mining operations	$ 3,305,343	$ 2,646,542
Customer 1
Revenues from mining operations:
Total revenues from mining operations	1,127,187	798,698
Customer 2
Revenues from mining operations:
Total revenues from mining operations	858,983	799,405
Customer 3
Revenues from mining operations:
Total revenues from mining operations	733,177	628,940
Customer 4
Revenues from mining operations:
Total revenues from mining operations	$ 586,196	$ 419,499

CAPITAL AND FINANCIAL RISK MA_3

CAPITAL AND FINANCIAL RISK MANAGEMENT - Market Risk management (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Metal Commodity Derivative
CAPITAL AND FINANCIAL RISK MANAGEMENT
Notional amount	$ 0
Interest Rate Risk
CAPITAL AND FINANCIAL RISK MANAGEMENT
Change in rate (as a percentage)	1.00%
Positive (negative) impact on income before income and mining taxes and equity assumptions of sensitivity analysis	$ 0
Foreign Currency Risk
CAPITAL AND FINANCIAL RISK MANAGEMENT
Change in rate (as a percentage)	10.00%
10.0% strengthening in U.S. Dollar | Canadian dollar
CAPITAL AND FINANCIAL RISK MANAGEMENT
Positive (negative) impact on income before income and mining taxes and equity assumptions of sensitivity analysis	$ (3,730)
10.0% strengthening in U.S. Dollar | Euro
CAPITAL AND FINANCIAL RISK MANAGEMENT
Positive (negative) impact on income before income and mining taxes and equity assumptions of sensitivity analysis	(13,588)
10.0% strengthening in U.S. Dollar | Mexican peso
CAPITAL AND FINANCIAL RISK MANAGEMENT
Positive (negative) impact on income before income and mining taxes and equity assumptions of sensitivity analysis	$ 3,118

CAPITAL AND FINANCIAL RISK MA_4

CAPITAL AND FINANCIAL RISK MANAGEMENT - Credit Risk and Capital Risk Management (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CAPITAL AND FINANCIAL RISK MANAGEMENT
Cash and cash equivalents	$ 185,786	$ 402,527	$ 321,897
Short-term investments	5,288	3,936
Lease obligations	131,433	120,275
Long-term debt	1,565,223	1,565,241
Total equity	5,980,835	5,683,213	$ 5,111,514
Credit Risk
CAPITAL AND FINANCIAL RISK MANAGEMENT
Cash and cash equivalents	185,786	402,527
Short-term investments	5,288	3,936
Trade receivables.	13,545	11,867
Derivative financial instrument assets	12,305	35,516
Loan receivable - Orla	37,942	21,247
Total	254,866	475,093
Capital Risk
CAPITAL AND FINANCIAL RISK MANAGEMENT
Lease obligations	131,433	120,275
Long-term debt	1,565,223	1,565,241
Total equity	5,980,835	5,683,213
Total	$ 7,677,491	$ 7,368,729

CAPITAL AND FINANCIAL RISK MA_5

CAPITAL AND FINANCIAL RISK MANAGEMENT - Changes in liabilities arising from financing activities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Changes in liabilities arising from financing activities
Beginning balance	$ 1,685,516
Changes from Financing Cash Flows	(27,573)
Foreign Exchange	(4,846)
Other	43,559
Ending balance	1,696,656
Long-term debt.
Changes in liabilities arising from financing activities
Beginning balance	1,565,241
Changes from Financing Cash Flows	(2,553)
Other	2,535
Ending balance	1,565,223
Lease obligations
Changes in liabilities arising from financing activities
Beginning balance	120,275
Changes from Financing Cash Flows	(25,020)
Foreign Exchange	(4,846)
Other	41,024
Ending balance	$ 131,433

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Currency Risk Management (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
U S Dollar Call Options
Disclosure of detailed information about financial instruments [line items]
Notional amount	$ 0	$ 0
2022
Disclosure of detailed information about financial instruments [line items]
Non-hedge derivatives	$ 2,375,200	$ 1,188,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Commodity Price Risk Management (Details) $ in Thousands, gal in Millions	12 Months Ended
	Dec. 31, 2021USD ($)gal	Dec. 31, 2020USD ($)gal
Disclosure of detailed information about financial instruments [line items]
Premiums realized on written foreign exchange call options	$ (2,276)	$ (1,779)
Unrealized loss (gain) on warrants	16,736	(82,003)
Realized (gain) loss on currency and commodity derivatives	(47,754)	5,988
Unrealized loss (gain) on currency and commodity derivatives	44,397	(30,079)
Loss (gain) on derivative financial instruments	$ 11,103	$ (107,873)
Heating Oil Commodity Derivative
Disclosure of detailed information about financial instruments [line items]
Derivative financial instruments outstanding (in volume) | gal	10.9	24

OTHER EXPENSES (Details)

OTHER EXPENSES (Details) - USD ($) $ in Thousands	Mar. 19, 2021	Dec. 31, 2021	Dec. 31, 2020
Other Income
Loss on disposal of property, plant and mine development (Note 9 )		$ 9,451	$ 14,182
Interest income		(3,937)	(4,867)
Temporary suspension and other costs due to COVID-19		13,353	33,540
Acquisition costs	$ 10,000	12,943
Gain on sale of exploration properties		(10,000)
Other		68	(5,379)
Total other expenses		21,742	$ 48,234
Aggregate consideration in cash	10,000
Carrying value of the properties at the transaction closing	$ 0
TMAC Resources Inc.
Other Income
Acquisition costs		2,900
Kirkland
Other Income
Acquisition costs		$ 10,000

SEGMENTED INFORMATION - Revenue

SEGMENTED INFORMATION - Revenues From Mining Operations and Production Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)
Operating segments
Number of business units | segment	3
Revenues from Mining Operations	$ 3,823,878	$ 3,138,113
Production Costs	(1,756,688)	(1,424,152)
Exploration and Corporate Development	(152,514)	(113,492)
Segment Income (Loss)	1,914,676	1,600,469
Corporate and other:
Amortization of property, plant and mine development	(738,129)	(631,101)
General and administrative	(142,003)	(116,288)
Finance costs	(92,042)	(95,134)
(Loss) Gain on derivative financial instruments	(11,103)	107,873
Environmental remediation	(576)	(27,540)
Foreign currency translation loss	(5,672)	(22,480)
Other expenses (income)	(21,742)	(48,234)
Income before income and mining taxes	903,409	767,565
Asset
Total assets	10,186,776	9,614,755
Corporate and others
Asset
Total assets	589,396	894,869
Northern Business | Operating segment
Operating segments
Revenues from Mining Operations	3,418,773	2,668,769
Production Costs	(1,546,654)	(1,196,249)
Exploration and Corporate Development	(5,367)	(19,805)
Segment Income (Loss)	1,866,752	1,452,715
Asset
Total assets	8,390,929	7,590,163
LaRonde mine | Operating segment
Operating segments
Revenues from Mining Operations	654,577	543,864
Production Costs	(232,392)	(169,824)
Segment Income (Loss)	422,185	374,040
Asset
Total assets	946,218	852,171
LaRonde Zone 5 mine | Operating segment
Operating segments
Revenues from Mining Operations	121,236	111,244
Production Costs	(56,380)	(47,899)
Segment Income (Loss)	64,856	63,345
Asset
Total assets	93,699	71,545
Goldex mine | Operating segment
Operating segments
Revenues from Mining Operations	241,404	227,181
Production Costs	(96,181)	(82,654)
Segment Income (Loss)	145,223	144,527
Asset
Total assets	315,266	296,713
Meadowbank mine | Operating segment
Operating segments
Revenues from Mining Operations	589,769	366,743
Production Costs	(406,489)	(284,976)
Exploration and Corporate Development		(1,168)
Segment Income (Loss)	183,280	80,599
Asset
Total assets	1,194,368	1,037,459
Meliadine mine | Operating segment
Operating segments
Revenues from Mining Operations	636,085	569,063
Production Costs	(236,763)	(245,700)
Segment Income (Loss)	399,322	323,363
Asset
Total assets	2,270,942	2,198,564
Hope Bay Mine | Operating segment
Operating segments
Revenues from Mining Operations	115,439
Production Costs	(83,118)
Segment Income (Loss)	32,321
Asset
Total assets	461,483
Canadian Malartic joint operation | Operating segment
Operating segments
Revenues from Mining Operations	645,607	478,542
Production Costs	(242,589)	(195,312)
Exploration and Corporate Development	(5,367)	(18,637)
Segment Income (Loss)	397,651	264,593
Asset
Total assets	1,508,675	1,542,916
Kittila mine | Operating segment
Operating segments
Revenues from Mining Operations	414,656	372,132
Production Costs	(192,742)	(169,884)
Segment Income (Loss)	221,914	202,248
Asset
Total assets	1,600,278	1,590,795
Southern Business | Operating segment
Operating segments
Revenues from Mining Operations	405,105	469,344
Production Costs	(210,034)	(227,903)
Segment Income (Loss)	195,071	241,441
Asset
Total assets	704,778	694,914
Pinos Altos mine | Operating segment
Operating segments
Revenues from Mining Operations	259,446	244,283
Production Costs	(141,488)	(124,678)
Segment Income (Loss)	117,958	119,605
Asset
Total assets	466,334	458,786
Creston Mascota mine | Operating segment
Operating segments
Revenues from Mining Operations	27,784	77,762
Production Costs	(8,165)	(35,088)
Segment Income (Loss)	19,619	42,674
Asset
Total assets	5,068	8,008
La India mine | Operating segment
Operating segments
Revenues from Mining Operations	117,875	147,299
Production Costs	(60,381)	(68,137)
Segment Income (Loss)	57,494	79,162
Asset
Total assets	233,376	228,120
Exploration | Operating segment
Operating segments
Exploration and Corporate Development	(147,147)	(93,687)
Segment Income (Loss)	(147,147)	(93,687)
Asset
Total assets	$ 501,673	$ 434,809

SEGMENTED INFORMATION - Goodwil

SEGMENTED INFORMATION - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating segments
Goodwill	$ 407,792	$ 407,792
Canadian Malartic joint operation
Operating segments
Goodwill	347,792
Exploration
Operating segments
Goodwill	60,000
Gross carrying amount
Operating segments
Goodwill	657,792
Gross carrying amount | Canadian Malartic joint operation
Operating segments
Goodwill	597,792
Gross carrying amount | Exploration
Operating segments
Goodwill	60,000
Accumulated impairment
Operating segments
Goodwill	(250,000)
Accumulated impairment | Canadian Malartic joint operation
Operating segments
Goodwill	$ (250,000)

SEGMENTED INFORMATION - Capital

SEGMENTED INFORMATION - Capital Expenditure (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Capital Expenditure
Capital expenditures	$ 867,684	$ 759,342
Operating segment | Northern Business
Capital Expenditure
Capital expenditures	782,165	695,889
Operating segment | LaRonde mine
Capital Expenditure
Capital expenditures	138,784	109,262
Operating segment | LaRonde Zone 5 mine
Capital Expenditure
Capital expenditures	16,953	9,823
Operating segment | Goldex mine
Capital Expenditure
Capital expenditures	48,696	36,753
Operating segment | Meadowbank mine
Capital Expenditure
Capital expenditures	151,471	162,339
Operating segment | Meliadine mine
Capital Expenditure
Capital expenditures	121,607	125,955
Operating segment | Hope Bay Mine
Capital Expenditure
Capital expenditures	50,958
Operating segment | Canadian Malartic joint operation
Capital Expenditure
Capital expenditures	130,544	52,642
Operating segment | Kittila mine
Capital Expenditure
Capital expenditures	123,152	199,115
Operating segment | Southern Business
Capital Expenditure
Capital expenditures	70,023	46,108
Operating segment | Pinos Altos mine
Capital Expenditure
Capital expenditures	49,422	24,482
Operating segment | La India mine
Capital Expenditure
Capital expenditures	20,601	21,626
Corporate and others
Capital Expenditure
Capital expenditures	$ 15,496	$ 17,345

SEGMENTED INFORMATION - Geograp

SEGMENTED INFORMATION - Geographic (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating segments
Revenues from Mining Operations	$ 3,823,878	$ 3,138,113
Total non-current assets	8,884,388	8,367,567
Canada..
Operating segments
Revenues from Mining Operations	3,004,117	2,296,637
Total non-current assets	6,720,595	6,168,927
Mexico
Operating segments
Revenues from Mining Operations	405,105	469,344
Total non-current assets	671,691	736,908
Finland
Operating segments
Revenues from Mining Operations	414,656	372,132
Total non-current assets	1,458,838	1,447,157
Sweden
Operating segments
Total non-current assets	16,128	13,812
United states
Operating segments
Total non-current assets	$ 17,136	$ 763

IMPAIRMENT (Details)

IMPAIRMENT (Details)	12 Months Ended
	Dec. 31, 2021$ / $$ / oz	Dec. 31, 2020$ / $$ / oz	Mar. 28, 2018
Canadian Malartic joint operation
Impairment
Nominal discount rate (as a percent)	6.00%	6.40%
Estimate of future long-term gold price	1,600	1,500
Foreign exchange rates | $ / $	0.79	0.78
Inflation rate (as a percent)	2.00%	2.00%
Canadian Malartic joint operation | CMC Exploration Assets
Impairment
Percentage of voting equity interests acquired			50.00%
Canadian Malartic joint operation | Minimum
Impairment
Estimate of future short-term gold price	1,600	1,800
Canadian Malartic joint operation | Maximum
Impairment
Estimate of future short-term gold price	1,800	1,900
CMC Exploration Assets
Impairment
Nominal discount rate (as a percent)	7.90%	8.10%
Estimate of future short-term and long-term gold price	1,600	1,500
Foreign exchange rates | $ / $	0.79	0.78
Inflation rate (as a percent)	2.00%	2.00%

INCOME AND MINING TAXES - Compo

INCOME AND MINING TAXES - Components of income and mining taxes expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INCOME AND MINING TAXES
Current income and mining taxes	$ 181,812	$ 180,202
Deferred income and mining taxes:
Origination and reversal of temporary differences	178,588	75,756
Total income and mining taxes expense	$ 360,400	$ 255,958

INCOME AND MINING TAXES - Calcu

INCOME AND MINING TAXES - Calculation of expense by applying the Canadian statutory income tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income and mining taxes expense calculated by applying the Canadian statutory income tax rate
Combined federal and composite provincial tax rates	26.00%	26.00%
Expected income tax expense at statutory income tax rate	$ 234,887	$ 199,568
Increase (decrease) in income and mining taxes resulting from:
Mining taxes	119,692	94,511
Impact of foreign tax rates	(9,531)	(7,471)
Permanent differences	(5,718)	(19,197)
Impact of foreign exchange on deferred income tax balances	21,070	(11,453)
Total income and mining taxes expense	$ 360,400	$ 255,958

INCOME AND MINING TAXES - Com_2

INCOME AND MINING TAXES - Components of net deferred income tax assets (Details) $ in Thousands	Dec. 31, 2021USD ($)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Net deferred tax assets	$ 133,608
Mining Properties
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Net deferred tax assets	9,439
Net operating loss carry forwards
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Net deferred tax assets	107,489
Reclamation provisions and other labilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Net deferred tax assets	$ 16,680

INCOME AND MINING TAXES - Com_3

INCOME AND MINING TAXES - Components of net deferred income and mining tax liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Total deferred income and mining tax liabilities
Total deferred income and mining tax liabilities	$ 1,212,750	$ 1,036,061	$ 948,142
Mining Properties
Total deferred income and mining tax liabilities
Total deferred income and mining tax liabilities	1,514,017	1,390,600
Net operating loss carry forwards
Total deferred income and mining tax liabilities
Total deferred income and mining tax liabilities	(27,459)	(100,026)
Mining taxes
Total deferred income and mining tax liabilities
Total deferred income and mining tax liabilities	(98,807)	(90,706)
Reclamation provisions and other labilities
Total deferred income and mining tax liabilities
Total deferred income and mining tax liabilities	$ (175,001)	$ (163,807)

INCOME AND MINING TAXES - Recon

INCOME AND MINING TAXES - Reconciliation of deferred income and mining tax liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Deferred income and mining tax liabilities
Deferred income and mining tax liabilities - beginning of year	$ 1,036,061	$ 948,142
Income and mining tax impact recognized in net income	179,720	76,197
Income tax impact recognized in other comprehensive income and equity	(3,542)	11,722
Deferred income tax assets acquired on the purchase of TMAC	(133,097)
Net deferred income and mining tax liabilities - end of year	$ 1,079,142	$ 1,036,061

INCOME AND MINING TAXES - Tempo

INCOME AND MINING TAXES - Temporary differences and unused tax losses (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Temporary Differences and Unused Tax Losses
Taxable temporary difference not recognized as deferred income tax	$ 469,100	$ 411,400
Other deductible temporary differences
Temporary Differences and Unused Tax Losses
Unrecognized deductible temporary differences and unused tax losses	$ 420,154	$ 214,520

EMPLOYEE BENEFITS AND COMPENS_3

EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
EMPLOYEE BENEFITS AND COMPENSATION OF KEY MANAGEMENT PERSONNEL
Employee benefits expense	$ 736,900	$ 657,000
Salaries, short-term incentives and other benefits	13,582	16,964
Post-employment benefits	1,581	1,634
Share-based payments	23,475	28,631
Total	$ 38,638	$ 47,229

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Commitments and contingencies information
Purchase commitments relating to capital expenditures	$ 62,300,000
Total	104,839,000
Contingent liability for guarantees
Commitments and contingencies information
Guarantees	533,200,000
2022
Commitments and contingencies information
Total	73,151,000
2023
Commitments and contingencies information
Total	7,221,000
2024
Commitments and contingencies information
Total	4,283,000
2025
Commitments and contingencies information
Total	4,067,000
2026
Commitments and contingencies information
Total	2,340,000
Thereafter
Commitments and contingencies information
Total	$ 13,777,000
Creston Mascota mine | Minimum
Commitments and contingencies information
Royalties percentage	2.50%
Creston Mascota mine | Maximum
Commitments and contingencies information
Royalties percentage	3.50%
La India mine | Minimum
Commitments and contingencies information
Royalties percentage	2.00%
La India mine | Maximum
Commitments and contingencies information
Royalties percentage	3.00%
Hope Bay Mine
Commitments and contingencies information
Number of Royalty Agreements	3
Percentage on net smelter returns (as a percent)	1.00%
Royalties percentage	12.00%
Hope Bay Mine | Net Smelter Royalty
Commitments and contingencies information
Number of Royalty Agreements	2
Hope Bay Mine | Net profit interest
Commitments and contingencies information
Number of Royalty Agreements	1
Pinos Altos mine | Minimum
Commitments and contingencies information
Royalties percentage	2.50%
Pinos Altos mine | Maximum
Commitments and contingencies information
Royalties percentage	3.50%
Finland | Kittila mine
Commitments and contingencies information
Period of royalty payments commencement	12 months
Percentage on net smelter returns (as a percent)	2.00%
Quebec, Canada | LaRonde Zone 5 mine
Commitments and contingencies information
Percentage on net smelter returns (as a percent)	2.00%
Quebec, Canada | Terrex property at the LaRonde mine
Commitments and contingencies information
Royalties percentage	5.00%
Nunavut, Canada | Meliadine Mine
Commitments and contingencies information
Percentage on net smelter returns (as a percent)	1.20%
Nunavut, Canada | Meadowbank Complex
Commitments and contingencies information
Percentage on net smelter returns (as a percent)	1.40%
Royalties percentage	12.00%
Canadian Malartic Corporation and Canadian Malartic GP | Canada.. | Minimum
Commitments and contingencies information
Royalties percentage	1.50%
Canadian Malartic Corporation and Canadian Malartic GP | Canada.. | Maximum
Commitments and contingencies information
Royalties percentage	5.00%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Feb. 23, 2022USD ($)$ / shares	Feb. 08, 2022USD ($)shares
SUBSEQUENT EVENTS
Dividend declared (in dollars per share) | $ / shares	$ 0.40
Dividend declared	$ 181,700,000
Kirkland
SUBSEQUENT EVENTS
Business Combination Exchange Ratio of Shares | shares		0.7935
Number of instruments or interests issued or issuable		209,274,263