| | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | Young-Davidson | Island Gold | Magino3 | Mulatos1 | Corporate /other2 | Total | | Operating revenues | $415.3 | | $363.1 | | $81.2 | | $487.3 | | — | | $1,346.9 | | | Cost of sales | | | | | | | | Mining and processing | 178.4 | | 87.7 | | 55.8 | | 197.0 | | — | | 518.9 | | | Royalties | 6.2 | | 3.2 | | 2.0 | | 2.4 | | — | | 13.8 | | | Amortization | 77.3 | | 41.3 | | 16.1 | | 83.7 | | — | | 218.4 | | | 261.9 | | 132.2 | | 73.9 | | 283.1 | | — | | 751.1 | | | Expenses | | | | | | | | Exploration | 3.0 | | 5.0 | | 0.7 | | 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 | | $225.9 | | $6.6 | | $191.1 | | ($69.2) | | $561.9 | | | Finance expense | | | | | | (3.8) | | | Foreign exchange gain | | | | | | 8.0 | | | Unrealized loss on commodity derivatives | | | | | | (24.2) | | | Other loss | | | | | | (39.7) | | | | | | | | | | Earnings before income taxes | | | | | | $502.2 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2023 | | Young-Davidson | Mulatos1 | Island Gold | Corporate/other2 | Total | | Operating revenues | $355.3 | | $420.2 | | $247.8 | | — | | $1,023.3 | | | Cost of sales | | | | | | | Mining and processing | 166.2 | | 188.4 | | 82.7 | | — | | 437.3 | | | Royalties | 5.3 | | 2.2 | | 2.7 | | — | | 10.2 | | | Amortization | 76.7 | | 75.3 | | 38.2 | | — | | 190.2 | | | 248.2 | | 265.9 | | 123.6 | | — | | 637.7 | | | Expenses | | | | | | | Exploration | 2.9 | | 9.9 | | 3.7 | | 1.7 | | 18.2 | | | Corporate and administrative | — | | — | | — | | 27.6 | | 27.6 | | | Share-based compensation | — | | — | | — | | 21.7 | | 21.7 | | | Earnings (loss) from operations | $104.2 | | $144.4 | | $120.5 | | ($51.0) | | $318.1 | | | Finance expense | | | | | (2.5) | | | Foreign exchange gain | | | | | 1.9 | | | Unrealized loss on commodity derivatives | | | | | (0.9) | | | Other loss | | | | | (22.9) | | | Earnings before income taxes | | | | | $293.7 | |
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. The results for Magino are for Alamos’ ownership period from July 12, 2024 to December 31, 2024. (b) Segment assets and liabilities | | | | | | | | | | | | | | | | Total Assets | Total liabilities | | December 31, 2024 | December 31, 2023 | December 31, 2024 | December 31, 2023 | | Young-Davidson | $1,758.6 | | $1,693.2 | | $459.8 | | $381.8 | | | | | | | | Island Gold | 1,683.1 | | 1,453.6 | | 534.5 | | 476.4 | | | Magino | 1,073.5 | | — | | 37.9 | | — | | Mulatos 1 | 540.9 | | 631.5 | | 160.4 | | 172.7 | | | | | | | Corporate/other 2 | 280.0 | | 222.9 | | 559.3 | | 46.8 | | | Total assets and liabilities | $5,336.1 | $4,001.2 | $1,751.9 | $1,077.7 |
1. Mulatos includes the La Yaqui Grande operation. |