v3.25.4
Segment Reporting - Financials (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
Segment Reporting    
Number of reportable segments | segment 3  
Revenue    
Revenue from royalty, streams and working interests $ 1,808.6 $ 1,104.7
Interest revenue 14.2 8.3
Other interest income (Note 7)   0.6
Total revenue 1,822.8 1,113.6
Expenses    
Costs of sales 168.8 129.0
Depletion and depreciation 306.7 225.3
Gross profit 1,347.3 759.3
Other operating expenses (income)    
General and administrative expenses 35.3 32.9
Share-based compensation expense 16.9 8.0
Cobre Panama arbitration expense 5.8 6.3
Impairment reversal (4.8)  
Gain on sale of gold and silver bullion (Note 8) (54.3) (7.9)
Foreign exchange (gain) loss and other (income) expenses (36.7) 20.7
Income before finance items and income taxes 1,390.9 705.9
Finance items    
Finance income 28.2 60.6
Finance expenses (3.1) (2.6)
Net income before income taxes 1,416.0 763.9
Operating Segments    
Revenue    
Revenue from royalty, streams and working interests 1,808.6 1,104.7
Interest revenue 14.2 8.3
Other interest income (Note 7)   0.6
Total revenue 1,822.8 1,113.6
Expenses    
Costs of sales 168.8 129.0
Depletion and depreciation 306.1 224.7
Gross profit 1,347.9 759.9
Other operating expenses (income)    
General and administrative expenses 35.3 32.9
Share-based compensation expense 16.9 8.0
Impairment losses (4.8)  
Gain on disposal of royalty interests   (0.3)
Gain on sale of gold and silver bullion (Note 8) (54.3) (7.9)
Depreciation 0.6 0.6
Foreign exchange (gain) loss and other (income) expenses (36.7) 20.7
Income before finance items and income taxes 1,390.9 705.9
Finance items    
Finance income 28.2 60.6
Finance expenses (3.1) (2.6)
Net income before income taxes 1,416.0 763.9
Operating Segments | Precious metals    
Revenue    
Revenue from royalty, streams and working interests 1,548.7 853.0
Interest revenue 14.2 8.3
Other interest income (Note 7)   0.6
Total revenue 1,562.9 861.9
Expenses    
Costs of sales 156.3 116.7
Depletion and depreciation 225.6 150.5
Gross profit 1,181.0 594.7
Operating Segments | Other mining    
Revenue    
Revenue from royalty, streams and working interests 56.1 58.7
Total revenue 56.1 58.7
Expenses    
Costs of sales 0.1 0.1
Depletion and depreciation 14.9 11.6
Gross profit 41.1 47.0
Operating Segments | Energy    
Revenue    
Revenue from royalty, streams and working interests 203.8 193.0
Total revenue 203.8 193.0
Expenses    
Costs of sales 12.4 12.2
Depletion and depreciation 65.6 62.6
Gross profit $ 125.8 $ 118.2