v3.25.4
Royalty, Stream and Working Interests (Tables)
12 Months Ended
Dec. 31, 2025
Royalty, Stream and Working Interests  
Schedule of detailed information about royalty, stream and working interest, net

Accumulated

Impairment

As at December 31, 2025

  ​ ​ ​

Cost

  ​ ​ ​

 depletion(1)

  ​ ​ ​

reversal(2)

  ​ ​ ​

 

Carrying value

 

Mining royalties

$

3,207.1

$

(866.7)

$

$

2,340.4

Streams

5,324.5

(3,684.8)

4.8

1,644.5

Energy

2,097.8

(940.4)

1,157.4

Advanced

703.1

(57.7)

645.4

Exploration

273.6

(18.2)

255.4

$

11,606.1

$

(5,567.8)

$

4.8

$

6,043.1

1.Accumulated depletion includes impairment losses recognized prior to the year ended December 31, 2025.
2.Impairment reversals recognized in the year ended December 31, 2025.

Impairments

Accumulated

(losses)

As at December 31, 2024

  ​ ​ ​

Cost

  ​ ​ ​

 depletion(1)

  ​ ​ ​

reversals(2)

  ​ ​ ​

 

Carrying value

 

Mining royalties

$

1,818.7

$

(784.4)

$

$

1,034.3

Streams

4,801.5

(3,528.2)

 

1,273.3

Energy

2,055.2

(857.4)

 

1,197.8

Advanced

389.2

(45.8)

343.4

Exploration

267.7

(17.7)

250.0

$

9,332.3

$

(5,233.5)

$

$

4,098.8

1.Accumulated depletion includes impairment losses recognized prior to the year ended December 31, 2024.
2.Impairment (losses) reversals recognized in the year ended December 31, 2024.
Schedule of detailed information about royalty, stream and working interest, net roll forward

Mining

  ​ ​ ​

royalties

  ​ ​ ​

Streams

  ​ ​ ​

Energy

  ​ ​ ​

Advanced

  ​ ​ ​

Exploration

  ​ ​ ​

Total

 

Balance at January 1, 2024

$

948.7

$

1,359.0

$

1,146.4

$

396.0

$

177.0

$

4,027.1

Additions

140.3

36.2

137.0

8.9

85.0

 

407.4

Disposals

 

(10.6)

 

 

 

 

 

(10.6)

Transfers

 

44.0

 

 

 

(36.2)

 

(7.8)

 

Depletion

 

(40.0)

 

(121.9)

 

(60.9)

 

(0.2)

 

 

(223.0)

Impact of foreign exchange

 

(48.1)

 

 

(24.7)

 

(25.1)

 

(4.2)

 

(102.1)

Balance at December 31, 2024

$

1,034.3

$

1,273.3

$

1,197.8

$

343.4

$

250.0

$

4,098.8

Balance at January 1, 2025

$

1,034.3

$

1,273.3

$

1,197.8

$

343.4

$

250.0

$

4,098.8

Additions

1,370.7

524.9

9.7

283.9

2.1

2,191.3

Transfers

 

(4.0)

 

 

 

4.0

 

 

Impairment reversal

4.8

 

 

 

 

4.8

Depletion

 

(81.4)

 

(158.5)

 

(63.6)

 

(0.7)

 

 

(304.2)

Impact of foreign exchange

 

20.8

 

 

13.5

 

14.8

 

3.3

 

52.4

Balance at December 31, 2025

$

2,340.4

$

1,644.5

$

1,157.4

$

645.4

$

255.4

$

6,043.1