Share Capital (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Disclosure of share capital, reserves and other equity interest [Abstract] |
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| Schedule of Common Stock Outstanding Roll Forward |
| | | | | | | | | | Number of Shares | Amount | | Outstanding at December 31, 2022 | 393,806,489 | | $3,703.8 | | | Shares issued through: | | | | Share-based compensation plans | 1,425,024 | | 12.3 | | Manitou acquisition (Note 9) | 1,045,593 | | 13.4 | | DRIP (iii) | 353,084 | | 4.1 | | ESPP (iv) | 469,566 | | 5.6 | | | Exercise of warrants | 60,983 | | 0.9 | | | Cancellation of unexchanged shares | (203,755) | | (1.5) | | | Outstanding at December 31, 2023 | 396,956,984 | | $3,738.6 | | | Shares issued through: | | | Argonaut acquisition (Note 6) | 20,423,051 | | 360.1 | | | Share-based compensation plans | 1,006,149 | | 8.6 | | Orford acquisition (Note 9) | 908,689 | | 13.3 | | | Flow-through share financing (ii) | 451,990 | | 6.5 | | DRIP (iii) | 349,088 | | 5.8 | | ESPP (iv) | 401,537 | | 6.3 | | | Exercise of Manitou and Orford warrants and stock options | 88,308 | | 1.4 | | Cancellation of unexchanged shares | (220,745) | | (2.1) | | | Outstanding at December 31, 2024 | 420,365,051 | | $4,138.5 | |
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| Disclosure of number and weighted average exercise prices of share options |
The following is a continuity of the changes in the number of stock options outstanding: | | | | | | | | | | Number | Weighted average exercise price (CAD$) | | Outstanding at December 31, 2022 | 3,924,851 | | $8.32 | | | Granted | 481,449 | | 14.10 | | | Exercised | (1,424,916) | | 8.01 | | | Forfeited | (215,007) | | 10.40 | | Outstanding at December 31, 2023 | 2,766,377 | | $9.32 | | | Granted | 471,177 | | 16.07 | | | Exercised | (1,006,149) | | 7.94 | | | | | | Outstanding at December 31, 2024 | 2,231,405 | | $11.37 | |
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| Weighted average fair value assumptions used in the Black-Scholes valuation for stock options |
The following table presents the weighted average fair value assumptions used in the Black-Scholes valuation: | | | | | | | | | | For options granted in the year ended: | December 31, 2024 | December 31, 2023 | | Weighted average share price at grant date (CAD$) | $16.07 | | $14.10 | | | Average risk-free rate | 3.77% | 3.87 | % | | Average expected dividend yield | 0.78% | 0.96 | % | | Expected stock price volatility (based on historical volatility) | 40% | 48 | % | | Expected life of option (months) | 42 | 42 | | Weighted average per share fair value of stock options granted (CAD$) | $5.08 | $4.94 |
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| Disclosure of number and weighted average remaining contractual life of outstanding share options |
Stock options outstanding and exercisable as at December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | Outstanding | | Exercisable | | Range of exercise prices (CAD$) | | Number of options | Weighted average exercise price (CAD$) | Weighted average remaining contractual life (years) | | Number of options | Weighted average exercise price (CAD$) | | $6.01 - $7.00 | | 54,167 | | 6.58 | | 1.20 | | 54,167 | | 6.58 | | | $7.01 - $8.00 | | 313,745 | | 7.63 | | 2.02 | | 313,745 | | 7.63 | | | $8.01 - $11.00 | | 985,661 | | 9.47 | | 3.60 | | 803,759 | | 9.42 | | | $11.01 - $14.05 | | 399,125 | | 14.05 | | 5.18 | | 117,766 | | 14.05 | | | $14.06 - $23.83 | | 478,707 | | 16.08 | | 4.79 | | — | | — | | | | 2,231,405 | | $11.37 | | 4.09 | | 1,289,437 | | $9.29 | |
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| Stock options outstanding and exercisable by range of exercise prices |
Stock options outstanding and exercisable as at December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | Outstanding | | Exercisable | | Range of exercise prices (CAD$) | | Number of options | Weighted average exercise price (CAD$) | Weighted average remaining contractual life (years) | | Number of options | Weighted average exercise price (CAD$) | | $6.01 - $7.00 | | 54,167 | | 6.58 | | 1.20 | | 54,167 | | 6.58 | | | $7.01 - $8.00 | | 313,745 | | 7.63 | | 2.02 | | 313,745 | | 7.63 | | | $8.01 - $11.00 | | 985,661 | | 9.47 | | 3.60 | | 803,759 | | 9.42 | | | $11.01 - $14.05 | | 399,125 | | 14.05 | | 5.18 | | 117,766 | | 14.05 | | | $14.06 - $23.83 | | 478,707 | | 16.08 | | 4.79 | | — | | — | | | | 2,231,405 | | $11.37 | | 4.09 | | 1,289,437 | | $9.29 | |
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| Continuity of the changes in the number of other long-term incentive plans (LTIP) outstanding |
The following is a continuity of the changes in the number of other long-term incentive plans ("LTI") outstanding for the years ended December 31, 2024 and 2023: | | | | | | | | | | | | | | Restricted share units ("RSU") | | Deferred share units ("DSU") | Performance share units ("PSU") | | Outstanding units, December 31, 2022 | 2,134,549 | | | 1,054,606 | | 1,350,425 | | | Granted | 747,993 | | | 112,653 | | 369,589 | | | Forfeited | (383,686) | | | — | | (134,563) | | | Settled | (587,118) | | | (154,025) | | (426,163) | | | Outstanding units, December 31, 2023 | 1,911,738 | | | 1,013,234 | | 1,159,288 | | | Granted | 719,978 | | | 93,546 | | 348,474 | | | Forfeited/expired | (195,159) | | | — | | (63,254) | | | Settled | (524,965) | | | — | | (412,713) | | | Outstanding units, December 31, 2024 | 1,911,592 | | | 1,106,780 | | 1,031,795 | |
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| Schedule of Earnings (loss) per share |
| | | | | | | | | | | | | | | | | For the years ended | | | | December 31, 2024 | December 31, 2023 | | Net earnings | | | $284.3 | | $210.0 | | | Weighted average number of common shares outstanding (in thousands) | | | 408,165 | | 395,509 | | | Basic earnings per share | | | $0.70 | | $0.53 | | | | | | | | Dilutive effect of potential common share equivalents (in thousands) | | | 2,381 | | 2,560 | | | | | | | | Diluted weighted average number of common shares outstanding (in thousands) | | | 410,546 | | 398,069 | | | Diluted earnings per share | | | $0.69 | | $0.53 | |
| | | | | | | | | | | | Share units excluded from calculation of diluted earnings per share for the years ended: | | (in thousands) | | | December 31, 2024 | December 31, 2023 | | Stock options | | | 5 | | 4 | | | | | | | | | | | |
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