| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2025 | | Young-Davidson | Island Gold District | Mulatos1 | Corporate /other2,3 | Total | | Operating revenues | $534.1 | | $833.9 | | $485.8 | | (45.0) | | $1,808.8 | | | Cost of sales | | | | | | | Mining and processing | 190.8 | | 243.7 | | 138.3 | | — | | 572.8 | | | Royalties | 8.0 | | 14.1 | | 4.9 | | — | | 27.0 | | | Amortization | 71.3 | | 86.4 | | 51.5 | | 0.5 | | 209.7 | | | 270.1 | | 344.2 | | 194.7 | | 0.5 | | 809.5 | | | Expenses | | | | | | | Exploration | 3.4 | | 5.8 | | 7.4 | | 9.7 | | 26.3 | | | Corporate and administrative | — | | — | | — | | 39.3 | | 39.3 | | | Share-based compensation | — | | — | | — | | 55.0 | | 55.0 | | | Reversal of impairment | — | | — | | — | | (218.8) | | (218.8) | | | Earnings (loss) from operations | $260.6 | | $483.9 | | $283.7 | | $69.3 | | $1,097.5 | | | Finance income | | | | | 6.4 | | | Foreign exchange loss | | | | | (5.1) | | | Gain on sale of assets (Note 7) | | | | | 231.0 | | | Loss on commodity derivatives (Note 13) | | | | | (230.5) | | | Other loss | | | | | (9.6) | | | Earnings before income taxes | | | | | $1,089.7 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | Young-Davidson | Island Gold District | Mulatos1 | Corporate/other2 | Total | | Operating revenues | $415.3 | | $444.3 | | $487.3 | | — | | $1,346.9 | | | Cost of sales | | | | | | | Mining and processing | 178.4 | | 143.5 | | 197.0 | | — | | 518.9 | | | Royalties | 6.2 | | 5.2 | | 2.4 | | — | | 13.8 | | | Amortization | 77.3 | | 57.4 | | 83.7 | | — | | 218.4 | | | 261.9 | | 206.1 | | 283.1 | | — | | 751.1 | | | Expenses | | | | | | | Exploration | 3.0 | | 5.7 | | 13.1 | | 4.9 | | 26.7 | | | Corporate and administrative | — | | — | | — | | 32.6 | | 32.6 | | | Share-based compensation | — | | — | | — | | 31.7 | | 31.7 | | | Reversal of impairment | (57.1) | | — | | — | | — | | (57.1) | | | Earnings (loss) from operations | $207.5 | | $232.5 | | $191.1 | | ($69.2) | | $561.9 | | | Finance expense | | | | | (3.8) | | | Foreign exchange gain | | | | | 8.0 | | | Loss on commodity derivatives | | | | | (24.2) | | | Other loss | | | | | (39.7) | | | Earnings before income taxes | | | | | $502.2 | |
1. Mulatos includes the La Yaqui Grande operation. 2. Corporate and other consists of corporate balances and exploration, development projects and mines in reclamation. 3 Includes the impact on revenues of delivering ounces into the Company's gold sale prepayment arrangement (Note 14) (b) Segment assets and liabilities | | | | | | | | | | | | | | | | Total Assets | Total liabilities | | December 31, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | | Young-Davidson | $1,838.4 | | $1,758.6 | | $584.0 | | $459.8 | | | | | | | | Island Gold District | 3,179.3 | | 2,756.6 | | 607.9 | | 572.4 | | Mulatos 1 | 697.2 | | 540.9 | | 164.6 | | 160.4 | | | | | | | Corporate/other 2 | 669.7 | | 280.0 | | 582.3 | | 559.3 | | | Total assets and liabilities | $6,384.6 | $5,336.1 | $1,938.8 | $1,751.9 |
1. Mulatos includes the La Yaqui Grande operation. |