v3.25.2
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Revenue from royalty, streams and working interests (Note 12) $ 366.7 $ 257.6 $ 732.2 $ 513.2
Interest revenue (Note 6a and b) 2.7 2.2 5.6 3.1
Other interest income   0.3   0.6
Total revenue 369.4 260.1 737.8 516.9
Costs of sales        
Costs of sales (Note 13) 33.5 29.1 72.0 62.7
Depletion and depreciation 64.0 52.9 132.4 111.1
Total costs of sales 97.5 82.0 204.4 173.8
Gross profit 271.9 178.1 533.4 343.1
Other operating expenses (income)        
General and administrative expenses (Note 14) 5.7 7.6 14.4 11.8
Share-based compensation expenses (Note 15) 2.8 1.8 8.5 4.6
Cobre Panama arbitration expenses (Note 25a) 3.9 0.8 4.6 2.3
Impairment reversal (Note 9) (4.1)   (4.1)  
Gain on disposal of royalty interests       (0.3)
Gain on sale of gold and silver bullion (Note 7) (42.2) (1.1) (49.3) (2.5)
Total other operating (income) expenses (33.9) 9.1 (25.9) 15.9
Operating income 305.8 169.0 559.3 327.2
Foreign exchange gain (loss) and other income (expenses) (Note 17) 4.1 (9.8) 9.8 (11.4)
Income before finance items and income taxes 309.9 159.2 569.1 315.8
Finance items (Note 18)        
Finance income 6.6 16.2 17.7 32.2
Finance expenses (0.8) (0.6) (1.5) (1.2)
Net income before income taxes 315.7 174.8 585.3 346.8
Income tax expense (Note 19) 68.6 95.3 128.4 122.8
Net income 247.1 79.5 456.9 224.0
Items that may be reclassified subsequently to profit and loss:        
Currency translation adjustment 95.7 (12.3) 98.4 (51.5)
Items that will not be reclassified subsequently to profit and loss:        
Gain on changes in the fair value of equity investments at fair value through other comprehensive income ("FVTOCI"), net of income tax (Note 5) 31.2 15.4 180.0 17.2
Other comprehensive income (loss), net of taxes 126.9 3.1 278.4 (34.3)
Comprehensive income $ 374.0 $ 82.6 $ 735.3 $ 189.7
Earnings per share (Note 21)        
Basic earnings per share (in dollars per share) $ 1.28 $ 0.41 $ 2.37 $ 1.17
Diluted earnings per share (in dollars per share) $ 1.28 $ 0.41 $ 2.37 $ 1.16
Weighted average number of shares outstanding (Note 23)        
Basic EPS - (in shares) 192.7 192.3 192.6 192.2
Diluted EPS - (in shares) 193.0 192.5 192.9 192.4