IAMGOLD CORP, 6-K filed on 11/7/2017
Report of Foreign Issuer
v3.8.0.1
Document and Entity Information
9 Months Ended
Sep. 30, 2017
Document and Entity Information [Abstract]  
Entity Registrant Name IAMGOLD CORP
Entity Central Index Key 0001203464
Document Type 6-K
Amendment Flag false
Document Period End Date Sep. 30, 2017
Current Fiscal Year End Date --12-31
Document Fiscal Year Focus 2017
Document Fiscal Period Focus Q3
v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 583,600,000 $ 652,000,000
Restricted cash 0 92,000,000
Short-term investments 227,000,000 0
Receivables and other current assets 56,800,000 61,000,000
Inventories 209,500,000 207,900,000
Current assets 1,076,900,000 1,012,900,000
Non-current assets    
Investments in associates and incorporated joint ventures 64,700,000 52,600,000
Property, plant and equipment 1,948,000,000 1,868,200,000
Exploration and evaluation assets 446,900,000 169,200,000
Income taxes receivable 18,200,000 29,200,000
Restricted cash 24,700,000 18,700,000
Long-term receivable 93,500,000 0
Other assets 262,500,000 249,700,000
Non-current assets 2,858,500,000 2,387,600,000
Assets 3,935,400,000 3,400,500,000
Current liabilities    
Accounts payable and accrued liabilities 188,100,000 162,900,000
Income taxes payable 16,000,000 14,700,000
Current portion of provisions 21,000,000 15,800,000
Other liabilities 100,000 2,100,000
Current liabilities 225,200,000 195,500,000
Non-current liabilities    
Deferred income tax liabilities 184,100,000 159,000,000
Provisions 281,600,000 289,800,000
Long-term debt 388,700,000 485,100,000
Other liabilities 3,000,000 0
Non-current liabilities 857,400,000 933,900,000
Liabilities 1,082,600,000 1,129,400,000
Equity    
Common shares 2,671,700,000 2,628,200,000
Contributed surplus 41,400,000 40,100,000
Retained earnings (deficit) 109,600,000 (409,700,000)
Accumulated other comprehensive loss (24,300,000) (36,900,000)
Equity attributable to owners of parent 2,798,400,000 2,221,700,000
Non-controlling interests 54,400,000 49,400,000
Equity 2,852,800,000 2,271,100,000
Contingencies and commitments
Equity and liabilities $ 3,935,400,000 $ 3,400,500,000
v3.8.0.1
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Profit or loss [abstract]        
Revenues $ 268.8 $ 282.4 $ 803.8 $ 734.6
Cost of sales 227.9 230.2 692.0 651.5
Gross profit 40.9 52.2 111.8 83.1
General and administrative expenses (8.9) (10.0) (27.8) (28.8)
Exploration expenses (6.6) (6.5) (29.6) (20.6)
Reversal of impairment charges 0.0 0.0 524.1 0.0
Other income 1.5      
Other (expenses)   (1.9) (8.0) (10.2)
Earnings from operations 26.9 33.8 570.5 23.5
Share of net earnings from investments in associates and incorporated joint ventures, net of income taxes 3.6 2.5 10.2 7.5
Finance costs (2.1) (6.3) (9.6) (21.7)
Foreign exchange gain 2.0 0.0 8.8 1.0
Interest income and derivatives and other investment gains 7.3 5.5 14.8 88.7
Earnings before income taxes 37.7 35.5 594.7 99.0
Income taxes (5.1) (14.4) (67.3) (34.4)
Net earnings 32.6 21.1 527.4 64.6
Net earnings attributable to        
Equity holders of IAMGOLD Corporation 30.8 17.0 519.3 57.9
Non-controlling interests 1.8 4.1 8.1 6.7
Net earnings $ 32.6 $ 21.1 $ 527.4 $ 64.6
Weighted average number of common shares outstanding        
Basic (in shares) 464.7 428.3 462.3 410.3
Diluted (in shares) 469.3 432.2 466.7 413.2
Earnings per share        
Basic (in dollars per share) $ 0.07 $ 0.04 $ 1.12 $ 0.14
Diluted (in dollars per share) $ 0.07 $ 0.04 $ 1.11 $ 0.14
v3.8.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Statement of comprehensive income [abstract]        
Net earnings $ 32.6 $ 21.1 $ 527.4 $ 64.6
Movement in marketable securities fair value reserve        
Net unrealized change in fair value of marketable securities (3.4) 0.1 0.9 11.9
Net realized change in fair value of marketable securities 5.1 0.0 5.3 (2.0)
Tax impact 0.1 (0.1) (0.3) (1.6)
Other comprehensive income, net of tax, marketable securities 1.8 0.0 5.9 8.3
Movement in cash flow hedge fair value reserve        
Effective portion of changes in fair value of cash flow hedges 8.8 (4.7) 12.2 5.9
Time value of options contracts excluded from hedge relationship (1.7) (2.0) (4.4) (1.4)
Net change in fair value of cash flow hedges reclassified to the statements of earnings (1.9) 0.9 (2.0) 5.2
Tax impact (0.1) 0.5 0.1 (0.6)
Other comprehensive income, net of tax, cash flow hedges 5.1 (5.3) 5.9 9.1
Currency translation adjustment 0.5 0.3 1.4 (0.1)
Total other comprehensive income (loss) 7.4 (5.0) 13.2 17.3
Comprehensive income 40.0 16.1 540.6 81.9
Comprehensive income attributable to:        
Equity holders of IAMGOLD Corporation 38.2 12.0 532.5 75.2
Non-controlling interests 1.8 4.1 8.1 6.7
Comprehensive income $ 40.0 $ 16.1 $ 540.6 $ 81.9
v3.8.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Equity attributable to equity holders of IAMGOLD Corporation
Common shares
Contributed surplus
Retained earnings (deficit)
Accumulated other comprehensive loss
Marketable securities fair value reserve
Cash flow hedge fair value reserve
Currency translation adjustment
Non-controlling interests
Equity at Dec. 31, 2015     $ 2,366.2 $ 38.2 $ (461.2)   $ (32.5) $ (11.1) $ (3.8) $ 42.1
Issuance of common shares     220.1              
Issuance of flow-through common shares     27.5              
Issuance of common shares for share-based compensation     3.0 (3.0)            
Share-based compensation       3.7            
Other       (0.2)            
Net earnings attributable to equity holders of IAMGOLD Corporation $ 64.6       57.9         6.7
Net change in fair value of marketable securities, net of income taxes 17.3           8.3 9.1 (0.1)  
Net change in fair value of cash flow hedges recognized in property, plant and equipment               0.1    
Dividends to non-controlling interests                   (1.5)
Equity at Sep. 30, 2016 2,269.5 $ 2,222.2 2,616.8 38.7 (403.3) $ (30.0) (24.2) (1.9) (3.9) 47.3
Equity at Dec. 31, 2016 2,271.1   2,628.2 40.1 (409.7)   (29.0) (3.8) (4.1) 49.4
Issuance of common shares     27.4              
Issuance of flow-through common shares     13.4              
Issuance of common shares for share-based compensation     2.7 (2.7)            
Share-based compensation       4.4            
Other       (0.4)            
Net earnings attributable to equity holders of IAMGOLD Corporation 527.4       519.3         8.1
Net change in fair value of marketable securities, net of income taxes 13.2           5.9 5.9 1.4  
Net change in fair value of cash flow hedges recognized in property, plant and equipment               (0.6)    
Dividends to non-controlling interests                   (3.1)
Equity at Sep. 30, 2017 $ 2,852.8 $ 2,798.4 $ 2,671.7 $ 41.4 $ 109.6 $ (24.3) $ (23.1) $ 1.5 $ (2.7) $ 54.4
v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating activities        
Net earnings $ 32.6 $ 21.1 $ 527.4 $ 64.6
Adjustments for:        
Finance costs 2.1 6.3 9.6 21.7
Depreciation expense 62.4 69.7 197.7 194.9
Income tax expense 5.1 14.4 67.3 34.4
Interest income (2.5) (0.8) (6.4) (1.9)
Reversal of impairment charges 0.0 0.0 (524.1) 0.0
Gain on sale of a 30% interest in the Côté Gold Project 0.0 0.0 (19.2) 0.0
Share of net earnings from investments in associates and incorporated joint ventures, net of income taxes (3.6) (2.5) (10.2) (7.5)
Write-down of inventories 1.9 0.0 11.9 0.1
(Gain on purchase) Loss on redemption of 6.75% Senior unsecured notes 0.0 (4.0) 20.2 (4.0)
Gain on sale of gold bullion 0.0 0.0 0.0 (72.9)
Effects of exchange rate fluctuation on restricted cash (0.3) 0.6 (1.7) (3.8)
Effects of exchange rate fluctuation on cash and cash equivalents (6.0) (0.4) (11.3) (1.7)
Other non-cash items (6.2) (4.2) (5.1) 2.9
Adjustments for cash items:        
Dividends from joint venture 2.1 11.3 2.1 11.3
Settlement of derivatives (0.6) (0.2) (0.5) (8.7)
Disbursements related to asset retirement obligations (1.3) (0.9) (3.0) (2.0)
Movements in non-cash working capital items and non-current ore stockpiles 3.5 14.5 4.3 22.4
Cash from operating activities, before income tax paid 89.2 128.9 259.0 253.8
Income tax paid (12.2) (3.1) (28.9) (6.5)
Net cash from operating activities 77.0 125.8 230.1 247.3
Investing activities        
Capital expenditures (41.0) (71.9) (134.0) (218.3)
Capitalized borrowing costs 0.0 (9.9) (11.2) (17.3)
Net proceeds from sale of a 30% interest in the Côté Gold Project 0.0 0.0 96.5 0.0
Proceeds from sale of gold bullion 0.0 0.0 0.0 170.3
Decrease (increase) in restricted cash 0.0 (40.5) 88.2 (43.6)
Purchase of short-term investments (227.0) 0.0 (227.0) 0.0
Capital expenditures for exploration and evaluation assets (3.7) (0.5) (4.5) (3.5)
Interest received 1.7 0.8 5.6 1.9
Purchase of additional common shares of associate 0.0 0.0 (7.4) 0.0
Other investing activities (2.0) 1.3 (3.3) (1.2)
Net cash used in investing activities (272.0) (120.7) (197.1) (111.7)
Financing activities        
Net proceeds from issuance of Senior notes 0.0 0.0 393.6 0.0
Redemption of 6.75% Senior unsecured notes and purchase of 6.75% Senior unsecured notes 0.0 (141.5) (505.6) (141.5)
Proceeds from issuance of flow-through shares 0.0 0.0 15.1 30.3
Proceeds from issuance of shares 0.0 220.1 0.0 220.1
Interest paid 0.0 (10.4) (5.3) (24.6)
Repayment of credit facility 0.0 0.0 0.0 (70.0)
Long-term prepayment for finance lease 0.0 0.0 (4.9) 0.0
Other financing activities (3.6) (0.6) (5.6) (5.3)
Net cash from (used in) financing activities (3.6) 67.6 (112.7) 9.0
Effects of exchange rate fluctuation on cash and cash equivalents 6.0 0.4 11.3 1.7
Increase (decrease) in cash and cash equivalents (192.6) 73.1 (68.4) 146.3
Cash and cash equivalents, beginning of the period 776.2 554.2 652.0 481.0
Cash and cash equivalents, end of the period $ 583.6 $ 627.3 $ 583.6 $ 627.3
v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)
9 Months Ended
Jun. 20, 2017
Sep. 30, 2017
Mar. 16, 2017
Sep. 21, 2012
Fixed interest rate | Senior Unsecured Notes at 6.75%        
Investment [Line Items]        
Interest rate   6.75% 6.75% 6.75%
Disposal Of Interest In Cote Gold Project        
Investment [Line Items]        
Proportion of ownership interest in joint venture 30.00% 30.00%    
v3.8.0.1
CORPORATE INFORMATION
9 Months Ended
Sep. 30, 2017
Corporate Information And Statement Of IFRS Compliance [Abstract]  
CORPORATE INFORMATION
CORPORATE INFORMATION
IAMGOLD Corporation (“IAMGOLD” or “the Company”) is a corporation governed by the Canada Business Corporations Act and domiciled in Canada whose shares are publicly traded. The address of the Company’s registered office is 401 Bay Street, Suite 3200, Toronto, Ontario, Canada, M5H 2Y4.
The principal activities of the Company are the exploration, development and operation of gold mining properties.
v3.8.0.1
BASIS OF PREPARATION
9 Months Ended
Sep. 30, 2017
Corporate Information And Statement Of IFRS Compliance [Abstract]  
BASIS OF PREPARATION
BASIS OF PREPARATION
(a)    Statement of compliance
The unaudited condensed consolidated interim financial statements ("consolidated interim financial statements") of IAMGOLD and all of its subsidiaries, joint ventures and associates as at and for the three and nine months ended September 30, 2017, have been prepared in accordance with IAS 34, Interim Financial Reporting, and do not include all of the information required for annual consolidated financial statements. Accordingly, certain information and disclosures normally included in annual financial statements prepared in accordance with International Financial Reporting Standards ("IFRS") have been omitted or condensed.
These consolidated interim financial statements should be read in conjunction with IAMGOLD's audited annual consolidated financial statements and related notes as at and for the year ended December 31, 2016.
These consolidated interim financial statements of IAMGOLD were authorized for issue in accordance with a resolution of the Board of Directors on November 7, 2017.
(b)
Basis of measurement
The consolidated interim financial statements have been prepared on a historical cost basis, except for items measured at fair value as discussed in note 19.
(c)
Basis of consolidation
Subsidiaries, divisions and investments in joint ventures related to significant properties of the Company are accounted for as outlined below.
Name
Property
– Location
September 30,
2017
December 31,
2016
Type of
Arrangement
Accounting 
Method
Essakane S.A.
Essakane mine (Burkina Faso)
90%
90%
Subsidiary
Consolidation
Rosebel Gold Mines N.V.
Rosebel mine (Suriname)
95%
95%
Subsidiary
Consolidation
Doyon division including the Westwood mine
Doyon division (Canada)
100%
100%
Division
Consolidation
Côté Gold division 1
Côté Gold Project
(Canada)
70%
100%
Division
Proportionate share
Euro Ressources S.A.
France
90%
90%
Subsidiary
Consolidation
Société d'Exploitation des Mines d'Or de Sadiola S.A.
Sadiola mine
(Mali)
41%
41%
Incorporated joint venture
Equity accounting
Merrex Gold Inc.2
Siribaya Project (Mali)
100%
23%
Subsidiary
Consolidation
1
Effective June 20, 2017, the Company holds an undivided interest in the assets, liabilities, revenues and expenses of the Côté Gold division through an unincorporated joint venture (note 5).
2
As of February 28, 2017 (note 4).
(d)
Significant accounting judgments, estimates and assumptions
The preparation of consolidated interim financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities as at the date of the consolidated interim financial statements and reported amounts of revenues and expenses during the three and nine months ended September 30, 2017. Estimates and assumptions are continuously evaluated and are based on management’s experience and other factors, including expectations of future events which are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
(e)
Significant accounting policies
These consolidated interim financial statements, including comparatives, have been prepared following the same accounting policies and methods of computation as the audited annual consolidated financial statements for the year ended December 31, 2016.
v3.8.0.1
NEW ACCOUNTING STANDARDS ISSUED BUT NOT YET EFFECTIVE
9 Months Ended
Sep. 30, 2017
Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]  
NEW ACCOUNTING STANDARDS ISSUED BUT NOT YET EFFECTIVE
NEW ACCOUNTING STANDARDS ISSUED BUT NOT YET EFFECTIVE
The following new accounting standards were not yet effective for the nine months ended September 30, 2017, and have not been applied in preparing these consolidated financial statements.
IFRS 15 - Revenue from Contracts with Customers
In May 2014, the IASB issued IFRS 15 Revenue from Contracts with Customers, which will replace IAS 11 Construction Contracts and IAS 18 Revenue. The mandatory effective date of IFRS 15 is January 1, 2018. The objective of IFRS 15 is to establish a single, principles based model to be applied to all contracts with customers in determining how and when revenue is recognized. IFRS 15 also requires entities to provide users of financial statements with more informative and relevant disclosures.
As at September 30, 2017, the Company has analyzed all revenue contracts to determine the impact that IFRS 15 is expected to have on the Company’s consolidated financial statements. The Company’s main revenue stream is the sale of gold bullion, with each sale occurring as a stand-alone transaction. The preliminary assessment using the five-step model in IFRS 15 focused on identifying potential multiple performance obligations as well as applying the concept of control transfer as opposed to transfer of risks and rewards of ownership, and revealed that there is no significant difference in the timing and nature of revenue recognition compared to IAS 18 Revenue. Furthermore, the Company’s revenue contracts do not contain significant variable consideration, financing components or non-cash consideration.
The Company will adopt IFRS 15 for the annual period beginning January 1, 2018,and expects there will be no material impact on the Company's consolidated financial statements.
IFRS 9 - Financial Instruments
In July 2014, the IASB issued the final version IFRS 9 (2014) - Financial Instruments (“IFRS 9”) to replace IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 provides a revised model for recognition and measurement of financial instruments and a single, forward-looking ‘expected loss’ impairment model (the “ECL model”). IFRS 9 also includes a substantially reformed approach to hedge accounting. The standard is effective for annual periods beginning on or after January 1, 2018, with early adoption permitted.
Effective April 1, 2014, the Company early adopted all of the requirements of IFRS 9 (2013), which was the previously issued version of IFRS 9. As a result of early adoption of IFRS 9 (2013), which is largely aligned with the requirements of IFRS 9, there will be no further impact on adoption of IFRS 9, with respect to the classification of financial assets and liabilities and hedge accounting.
The Company has completed its assessment of the ECL model and does not expect the adoption of IFRS 9 to have any material impact on the Company's consolidated financial statements with respect to the amended impairment model for the annual period beginning January 1, 2018.
IFRIC 22 - Foreign Currency Transactions and Advance Consideration
In December 2016, the IASB issued IFRIC Interpretation 22 Foreign Currency Transactions and Advance Consideration. The interpretation clarifies which date should be used for translation of a foreign currency transaction when an entity recognizes a non-monetary asset or non-monetary liability arising from the payment or receipt of advance consideration before the entity recognizes the related asset, expense or income (or part of it). The interpretation is applicable for annual periods beginning on or after January 1, 2018.
The Company has completed a preliminary assessment of the relevant transactions and identified that advances for the purchase of capital equipment are in scope of IFRIC 22. Further analysis is being completed and the Company will report the impact, if any, resulting from the adoption of IFRIC 22 on January 1, 2018, in its audited annual consolidated financial statements for the year ended December 31, 2017.
IFRS 16 - Leases
In January 2016, the IASB issued IFRS 16 Leases.  The objective of IFRS 16 is to recognize all leases on balance sheet for lessees. IFRS 16 requires lessees to recognize a "right of use" asset and a lease liability calculated using a prescribed methodology. The mandatory effective date of IFRS 16 is for annual periods beginning on or after January 1, 2019. Early adoption is permitted provided that IFRS 15, Revenue from Contracts with Customers, is also adopted. The extent of the impact of adoption of this standard has not yet been determined.
IFRIC 23 - Uncertainty over Income Tax Treatments
On June 7, 2017, the IASB issued IFRIC Interpretation 23 Uncertainty over Income Tax Treatments. The Interpretation provides guidance on the accounting for current and deferred tax liabilities and assets in circumstances in which there is uncertainty over income tax treatments. The Interpretation is applicable for annual periods beginning on or after January 1, 2019. The extent of the impact of adoption of the Interpretation has not yet been determined.
v3.8.0.1
ACQUISITION
9 Months Ended
Sep. 30, 2017
Acquisition [Abstract]  
ACQUISITION
ACQUISITION
Merrex - Siribaya Project
On February 28, 2017, in an all-share transaction, the Company acquired all of the issued and outstanding common shares and all of the outstanding common share purchase warrants and options of Merrex Gold Inc. ("Merrex"), that it did not already own. Merrex owns a 50% interest in the Siribaya Project in Mali. Including the 50% interest held directly, the Company now has a 100% interest in the Siribaya Project. IAMGOLD issued an aggregate of approximately 6.9 million common shares. The total purchase price amounted to $27.5 million, which includes transaction costs of $0.2 million, and is net of cash and cash equivalents acquired of $0.1 million.
Based on management’s judgment, the acquisition does not meet the IFRS definition of a business combination as the primary asset (Siribaya Project) is an exploration stage property and has not identified economically recoverable ore reserves. Consequently, the transaction has been recorded as an asset acquisition.
The total purchase price was allocated to the assets acquired and the liabilities assumed based on the fair value of the total consideration transferred at the closing date of the acquisition.
Assets acquired and liabilities assumed
Notes
 
Exploration and evaluation assets
12
$
36.6

Current liabilities
 
(3.9
)
Other non-current liabilities
 
(0.4
)
 
 
$
32.3

Consideration transferred
 
 
Share consideration
 
$
27.4

Less: Cash and cash equivalents acquired
 
(0.1
)
Transaction costs
 
0.2

 
 
27.5

Initial investment1
10
4.8

 
 
$
32.3

1
Prior to completion of the above mentioned transaction, IAMGOLD owned approximately 45.8 million common shares of Merrex, which represented approximately 23% of Merrex's issued and outstanding common shares, and was accounted for as an investment in an associate, using the equity method (note 10). The carrying amount of the investment of $4.8 million on the date of the acquisition has been included in the total cost of the Merrex Exploration and evaluation assets (note 12).
v3.8.0.1
DIVESTITURE
9 Months Ended
Sep. 30, 2017
Non-current Asset Held For Sale And Discontinued Operations [Abstract]  
DIVESTITURE
DIVESTITURE
Sale of a 30% interest in the Côté Gold Project
On May 8, 2017, the Company entered into a Memorandum of Understanding with Sumitomo Metal Mining Co., Ltd. (“SMM”) under which SMM would acquire a 30% interest in the Côté Gold Project (the "Project"), including certain assets and liabilities attributable thereto, for an aggregate consideration of $195 million. The Company undertook a reorganization of its interest in the Côté Gold Project so that the Company’s interest would be held directly. Prior to the reorganization, the Company held its interest through wholly-owned subsidiaries.
On June 5, 2017, the Company entered into a definitive Investment Agreement and a definitive Joint Venture Agreement with SMM with respect to the Côté Gold Project and the transaction closed on June 20, 2017. On closing, the Company received $100 million of the consideration and the remaining consideration of $95 million is receivable on the earlier of:
(a)
18 months following the closing date (December 20, 2018);
(b)
the date the Côté Gold Project feasibility study is made available to the public; and
(c)
should it elect to do so and only as permitted under the Joint Venture Agreement, the date SMM sells its participating interest.
The Company paid $3.5 million in transaction costs upon closing of the transaction and has committed to pay a further $2.9 million (note 15) on receipt of the remaining receivable of $95 million. The remaining $95 million long-term receivable from SMM has been discounted to its present value of $93.5 million as at September 30, 2017.
Upon entering into the Investment Agreement with SMM, the Company performed an impairment assessment of the Project, and as a result, reversed its previously recognized impairment charge of $400 million (note 27), resulting in a carrying amount of exploration and evaluation assets of the Côté Gold Project of $390.4 million as at June 20, 2017.
On closing, the Company recorded a net gain of $19.2 million, on the sale of a 30% interest in the Côté Gold Project to SMM, which has been included under Interest income and derivatives and other investment gains in the Consolidated statements of earnings and is net of transaction costs (note 25).
The Company continues to control the Côté Gold Project. Judgment was applied by the Company in determining the appropriate accounting treatment for its undivided interest in the Côté Gold Project's assets and liabilities beginning June 20, 2017, and based on interpretation of relevant guidance under IFRS 11 Joint Arrangements, the Company has accounted for the Côté Gold Project by recording its 70% share of assets, liabilities, revenues and expenses in these consolidated interim financial statements.
The following represents the Company's 30% interest in the Côté Gold Project which was sold to SMM on June 20, 2017:
Carrying amount
Notes
30% disposal

Current assets
 
$
0.1

Exploration and evaluation assets
12
167.3

Non-current assets
 
0.6

Current liabilities
 
(0.1
)
Other non-current liabilities
 
(0.3
)
 
 
$
167.6

The following represents the Company's gain recorded on the sale of a 30% interest in the Côté Gold Project to SMM:
 
Notes
 
Gross sale consideration
 
$
195.0

Less:
 
 
Sale of a 30% interest in the Côté Gold Project
 
(167.6
)
Transaction costs
 
(6.4
)
Time value discount on long-term receivable
 
(1.8
)
Gain on sale of a 30% interest in the Côté Gold Project
25
$
19.2

v3.8.0.1
RESTRICTED CASH
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
RESTRICTED CASH
RESTRICTED CASH
(a)
Short-term restricted cash
As at September 30, 2017, the Company had no short-term restricted cash. As at December 31, 2016, the Company had $92.0 million held by the Government of Quebec to guarantee the asset retirement obligation related to the Doyon mine. The Company replaced the cash collateral, pursuant to arrangements with international insurance companies, with uncollateralized surety bonds, as prescribed by Quebec Government regulations. As at September 30, 2017, C$123.6 million (September 30, 2017 - $98.8 million; December 31, 2016 - $nil) of uncollateralized surety bonds were outstanding to guarantee the asset retirement obligation related to the Doyon mine (note 17(c)).
(b)
Long-term restricted cash
The Company had long-term restricted cash of $19.7 million and $5.0 million as at September 30, 2017 (December 31, 2016 - $13.7 million and $5.0 million) for the guarantee of the asset retirement obligations related to Essakane and Rosebel, respectively.
v3.8.0.1
SHORT-TERM INVESTMENTS
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
SHORT-TERM INVESTMENTS
SHORT-TERM INVESTMENTS
 
 
September 30,
2017
December 31,
2016
Money market funds1
 
$
224.3

$

Other
 
2.7


 
 
$
227.0

$

1
Money market funds are comprised of short-term fund investments with redemption notice periods of 95 or 185 days.
v3.8.0.1
RECEIVABLES AND OTHER CURRENT ASSETS
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
RECEIVABLES AND OTHER CURRENT ASSETS
RECEIVABLES AND OTHER CURRENT ASSETS
 
Notes
September 30,
2017
December 31,
2016
Gold receivables
 
$
1.5

$
2.7

Receivables from governments1
 
33.6

40.4

Receivables from related parties
29
0.1

1.2

Other receivables
 
4.9

4.9

Total receivables
 
40.1

49.2

Marketable securities and warrants
 

0.2

Prepaid expenses
 
6.0

7.2

Derivatives
19(a)
10.7

4.4

 
 
$
56.8

$
61.0

1
Receivables from governments relate primarily to value added tax.
v3.8.0.1
INVENTORIES
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
INVENTORIES
INVENTORIES 
 
Notes
September 30,
2017
December 31,
2016
Finished goods
 
$
59.4

$
49.1

Ore stockpiles
 
5.3

9.1

Mine supplies
 
144.8

149.7

 
 
209.5

207.9

Ore stockpiles included in other non-current assets
13
167.6

156.0

 
 
$
377.1

$
363.9


For the three and nine months ended September 30, 2017, the Company recognized a net realizable value write-down in non-current ore stockpiles amounting to $0.5 million and $3.9 million (three and nine months ended September 30, 2016 - $nil and $0.1 million), respectively.
For the three and nine months ended September 30, 2017, the Company recognized a write-down in mine supplies inventories amounting to $1.4 million and $8.0 million (three and nine months ended September 30, 2016 - $1.1 million and $4.0 million), respectively.
For the three and nine months ended September 30, 2017, $nil and $0.7 million were recognized in Cost of sales for costs related to operating below normal capacity at Westwood (three and nine months ended September 30, 2016 - $6.3 million and $17.0 million), respectively.
v3.8.0.1
INVESTMENTS IN ASSOCIATES AND INCORPORATED JOINT VENTURES
9 Months Ended
Sep. 30, 2017
Interests In Other Entities [Abstract]  
INVESTMENTS IN ASSOCIATES AND INCORPORATED JOINT VENTURES
INVESTMENTS IN ASSOCIATES AND INCORPORATED JOINT VENTURES
 
 
Associates1
Sadiola2
Yatela2
Total
Balance, January 1, 2016
 
$
7.4

$
49.2

$

$
56.6

Currency translation adjustment
 
(0.3
)


(0.3
)
Share of net earnings (loss), net of income taxes
 
(0.8
)
9.0

(2.1
)
6.1

Share of net loss recorded as provision
 


2.1

2.1

Share of dividends received
 

(11.3
)

(11.3
)
Disposal3
 
(0.6
)


(0.6
)
Balance, December 31, 2016
 
5.7

46.9


52.6

Purchase of additional shares of associate4
 
7.4



7.4

Currency translation adjustment

1.4



1.4

Share of net earnings (loss), net of income taxes
 
(1.1
)
11.3


10.2

Share of dividends received


(2.1
)

(2.1
)
Acquisition of control over associate5
 
(4.8
)


(4.8
)
Balance, September 30, 2017
 
$
8.6

$
56.1

$

$
64.7

1
IAMGOLD includes results based on the latest publicly available information.
2
The Company's incorporated joint ventures are not publicly listed.
3
On March 16, 2016, the Company disposed of its 41% ownership interest in Galane Gold Ltd. ("Galane") which had a carrying amount of $0.6 million on the date of disposal for cash proceeds of $0.2 million. The resulting loss of $0.4 million, net of transaction costs, was recognized in Interest income and derivatives and other investment gains in the Consolidated statements of earnings (note 25).
4
Associates include INV Metals Inc. ("INV Metals"), a publicly traded company incorporated in Canada, and Merrex prior to February 28, 2017 (note 4). The Company's ownership interest in INV Metals as at September 30, 2017 was 35.6% (December 31, 2016 - 35.6%). On March 2, 2017, the Company participated in INV Metals' common shares public equity offering and acquired an additional 9.8 million common shares of INV Metals at a price of C$1.00 per share for an aggregate amount of $7.4 million (C$9.8 million). This acquisition allowed the Company to maintain a 35.6% ownership in INV Metals.
5
On February 28, 2017, Merrex became a 100% subsidiary of the Company (note 4). As a result, the Company accounted for Merrex under the consolidation method as at February 28, 2017. The Company previously accounted for Merrex as an associate, using the equity method.
v3.8.0.1
PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 30, 2017
Property, plant and equipment [abstract]  
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT
 
Construction
in progress
Mining
properties
Plant and
equipment
Total
Cost
 
 
 
 
Balance, January 1, 2016
$
7.9

$
2,133.6

$
1,821.3

$
3,962.8

Additions
34.9

172.1

87.3

294.3

Changes in asset retirement obligations

11.7


11.7

Disposals


(42.6
)
(42.6
)
Transfers within Property, plant and equipment
(40.0
)
19.1

20.9


Balance, December 31, 2016
2.8

2,336.5

1,886.9

4,226.2

Additions
15.3

99.5

57.3

172.1

Changes in asset retirement obligations

(1.0
)

(1.0
)
Disposals

(0.2
)
(25.1
)
(25.3
)
Transfers within Property, plant and equipment
(12.7
)
12.9

(0.2
)

Transfers to Exploration and evaluation assets


(0.5
)
(0.5
)
Balance, September 30, 2017
$
5.4

$
2,447.7

$
1,918.4

$
4,371.5

 
Construction
in progress
Mining
properties
Plant and
equipment
Total
Accumulated Depreciation and Impairment
 
 
 
 
Balance, January 1, 2016
$
3.5

$
1,383.0

$
722.5

$
2,109.0

Depreciation expense1

98.5

187.5

286.0

Disposals


(37.0
)
(37.0
)
Transfers within Property, plant and equipment
(3.5
)

3.5


Balance, December 31, 2016

1,481.5

876.5

2,358.0

Depreciation expense1

79.8

132.6

212.4

Disposals


(22.8
)
(22.8
)
Reversal of impairment charges2

(124.1
)

(124.1
)
Balance, September 30, 2017
$

$
1,437.2

$
986.3

$
2,423.5

Carrying amount, December 31, 2016
$
2.8

$
855.0

$
1,010.4

$
1,868.2

Carrying amount, September 30, 2017
$
5.4

$
1,010.5

$
932.1

$
1,948.0

1
Excludes depreciation expense related to Corporate assets, which is included in General and administrative expenses.
2
Note 27.
v3.8.0.1
EXPLORATION AND EVALUATION ASSETS
9 Months Ended
Sep. 30, 2017
Exploration For And Evaluation Of Mineral Resources [Abstract]  
EXPLORATION AND EVALUATION ASSETS
EXPLORATION AND EVALUATION ASSETS
 
Notes
September 30,
2017
December 31,
2016
Balance, beginning of the period
 
$
169.2

$
155.1

Exploration and evaluation expenditures
 
8.4

14.1

Acquired Merrex exploration and evaluation assets
4
36.6


Reversal of impairment charge
5, 27
400.0


Sale of a 30% interest in the Côté Gold Project
5
(167.3
)

Balance, end of the period
 
$
446.9

$
169.2


As at September 30, 2017, Exploration and evaluation assets primarily consist of the Côté Gold Project (carrying amount of $391.3 million), on which the Company recorded an impairment charge reversal of $400 million, as a result of the sale of a 30% interest to SMM (Note 5).
v3.8.0.1
OTHER NON-CURRENT ASSETS
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
OTHER NON-CURRENT ASSETS
OTHER NON-CURRENT ASSETS
 
Notes
September 30,
2017
December 31,
2016
Ore stockpiles
9
$
167.6

$
156.0

Loan receivable from related party
29
35.9

31.3

Marketable securities and warrants
19(a)
30.1

21.7

Advances for the purchase of capital equipment
 
7.5

19.9

Bond fund investments
19(a)
2.7

5.9

Royalty interests
 
5.6

5.6

Long-term prepayment1
 
4.9


Derivatives
 
3.6

4.1

Other
 
4.6

5.2

 
 
$
262.5

$
249.7


1
On March 6, 2017, the Company signed an agreement with a third-party for the construction of a solar power plant to deliver power to the Essakane mine for a period of 15 years, upon completion of construction expected in December 2017. During the second quarter 2017, the Company issued a prepayment of $4.9 million to the third-party, which will be applied as a credit towards the purchase of solar power from the third- party, over a period of 12 years. The agreement may be terminated by either party if certain conditions are not met. Upon completion of construction of the solar power plant, the Company will account for this arrangement as a finance lease.
As at September 30, 2017, the allowance for doubtful non-current non-trade receivables from related parties was $36.0 million, (December 31, 2016 - $36.0 million).
v3.8.0.1
PROVISIONS
9 Months Ended
Sep. 30, 2017
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]  
PROVISIONS
PROVISIONS
 
September 30,
2017
December 31,
2016
Asset retirement obligations
$
280.6

$
285.1

Yatela loss provision
15.0

15.0

Other
7.0

5.5

 
$
302.6

$
305.6

 




Current portion of provisions
$
21.0

$
15.8

Non-current provisions
281.6

289.8

 
$
302.6

$
305.6


(a)    Asset retirement obligations
The Company’s activities are subject to various laws and regulations regarding environmental restoration and closure provisions for which the Company estimates future costs. These provisions may be revised on the basis of amendments to such laws and regulations and the availability of new information, such as changes in reserves corresponding to a change in the mine life and discount rates, changes in estimated costs of reclamation activities and acquisition or construction of a new mine. The Company makes a provision based on the best estimate of the future cost of rehabilitating mine sites and related production facilities on a discounted basis.
(b)
Provisions for litigation claims and regulatory assessments
As at September 30, 2017, the Company did not have any material provisions for litigation claims or regulatory assessments. Further, the Company does not believe claims or regulatory assessments, for which no provision has been recorded, will have a material impact on the financial position of the Company.
v3.8.0.1
OTHER LIABILITIES
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
OTHER LIABILITIES
OTHER LIABILITIES
 
Notes
September 30,
2017
December 31,
2016
Finance lease liabilities
19(b)
$
0.1

$
0.1

Derivatives
19(a)
0.1

2.0

Other liabilities
5
2.9


 
 
$
3.1

$
2.1

Current other liabilities
 
$
0.1

$
2.1

Non-current other liabilities
 
3.0


 
 
$
3.1

$
2.1

v3.8.0.1
INCOME TAXES
9 Months Ended
Sep. 30, 2017
Income Taxes [Abstract]  
INCOME TAXES
INCOME TAXES
The Company estimates the effective tax rate expected to be applied for the full fiscal year and uses this rate to determine income provisions in interim periods. The impact of changes in judgments and estimates concerning the probable realization of losses, changes in tax rates, and foreign exchange rates are recognized in the interim period in which they occur.
The tax expense for the three and nine months ended September 30, 2017 was $5.1 million and $67.3 million, respectively (three and nine months ended September 30, 2016 - $14.4 million and $34.4 million, respectively) and varied from the tax expense calculated using the combined Canadian federal and provincial statutory income tax rate of 26.6%. The variance was mainly due to net foreign earnings taxed at different tax rates and fluctuations in the mix of income for the recognition of certain tax benefits and related deferred tax assets.
v3.8.0.1
LONG-TERM DEBT AND CREDIT FACILITIES
9 Months Ended
Sep. 30, 2017
Financial Instruments [Abstract]  
LONG-TERM DEBT AND CREDIT FACILITIES
LONG-TERM DEBT AND CREDIT FACILITIES
(a)
Senior notes
i.7% Senior secured notes ("Notes")
On March 16, 2017, the Company issued at face value $400 million of Notes due in 2025 with an interest rate of 7% per annum. The Notes are denominated in U.S. dollars and mature on April 15, 2025. Interest is payable in arrears in equal semi-annual installments on April 15 and October 15 of each year, beginning on October 15, 2017. The Notes are guaranteed by some of the Company's subsidiaries.
The Company incurred transaction costs of $6.4 million which have been capitalized and offset against the carrying amount of the Notes within Long-term debt in the Consolidated balance sheets and are being amortized using the effective interest rate method.
Except for the prepayment options as noted below, the Notes are not redeemable, in whole or part, by the Company until April 15, 2020. On and after April 15, 2020, the Company may redeem the Notes, in whole or in part, at the relevant redemption price (expressed as a percentage of the principal amount of the Notes) and accrued and unpaid interest on the Notes up to the redemption date. The redemption price for the Notes during the 12-month period beginning on April 15 of each of the following years is: 2020 - 105.25%; 2021 - 103.50%; 2022 - 101.75%; 2023 and thereafter - 100%.
Prior to April 15, 2020, the Company may redeem some or all of the Notes at a price equal to 100% of the principal amount of the Notes plus a "make-whole" premium, plus accrued and unpaid interest.
Prior to April 15, 2020, using the cash proceeds from an equity offering, the Company may redeem up to 40% of the original aggregate principal amount of the Notes at a redemption price equal to 107% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, up to the redemption date.
The fair value of the prepayment option embedded derivative (note 19(a)), which is an option that represents a derivative asset to the Company, is presented as an offset to the Notes on the Consolidated balance sheets. The debt component was initially recognized at $400 million, which represents the difference between the fair value of the financial instrument as a whole and the fair value of the embedded derivative.
Subsequently, the debt component is recognized at amortized cost using the effective interest rate method. The embedded derivative represents the prepayment option and is classified as a financial asset at fair value through profit or loss ("FVTPL"). The embedded derivative is recognized at fair value with changes in the fair value recognized in the Company’s Consolidated statements of earnings. The fair value of the embedded derivative as at September 30, 2017 was $9.5 million (note 18(c)), (December 31, 2016 - $nil).
Under the indenture governing the Notes‎, if the Company makes certain asset sales it may use an amount equal to the net proceeds to repay certain debt obligations and/or reinvest, or commit to reinvest, in the Company’s business, within 365 days after the applicable asset sale.  At the end of the 365-day period, if there remains $50 million or more of the net proceeds that the Company has not used in this manner, the Company would be required to use any such excess proceeds to offer to purchase the Notes at par in the manner described in the indenture.
The following are the contractual maturities related to the Notes, including interest payments:
 
Payments due by period
Notes balance as at
Carrying amount1
Contractual cash flows
<1 yr
1-2 yrs
3-5 yrs
>5 yrs
September 30, 2017
$
400.0

$
625.2

$
29.2

$
56.0

$
56.0

$
484.0

December 31, 2016
$
489.1

$
621.1

$
33.0

$
66.0

$
522.1

$

1
The carrying amount of the long-term debt excludes unamortized deferred transaction costs of the Notes of $6.0 million as at September 30, 2017 (December 31, 2016$4.0 million). The carrying amount of the long-term debt also excludes the embedded derivative classified as a financial asset at fair value through profit or loss (note 18(c)).
ii.6.75% Senior unsecured notes
On September 21, 2012, the Company issued at face value $650 million of Senior unsecured notes with an interest rate of 6.75% per annum. The 6.75% Senior unsecured notes are denominated in U.S. dollars and mature on October 1, 2020. Interest is payable in arrears in equal semi-annual installments on April 1 and October 1.
In April 2016, the Company canceled, at face value, $15.0 million of Notes it purchased in 2015.
In the third quarter of 2016, the Company purchased at face value, pursuant to a tender offer, an additional $145.9 million of the 6.75% Senior unsecured notes for cash consideration of $141.5 million. The resulting gain, net of transaction costs was $4.0 million and was recognized in the third quarter of 2016 in Interest income and derivatives and other investment gains in the Consolidated statements of earnings (note 25).
On March 16, 2017, the Company issued a notice to redeem its 6.75% Senior unsecured notes for a total amount of $505.6 million and completed the redemption on April 3, 2017. As a result of the change in the estimated future cash flows, the amortized cost of $485.4 million of the 6.75% Senior unsecured notes was adjusted during the first quarter 2017 to reflect the actual future cash flows of $505.6 million. The resulting loss of $20.2 million was recognized in the first quarter 2017 in Interest income and derivatives and other investment gains in the Consolidated statements of earnings (note 25).
(b)
Credit facilities
On February 1, 2016, the Company entered into a four-year $250 million credit facility consisting of a fully committed $100 million secured revolving credit facility and a $150 million accordion. During 2016, the Company amended the credit facility to increase the fully committed credit facility from $100 million to $170 million, resulting in $80 million remaining under the accordion. On February 7, 2017, the Company amended the credit facility, utilizing the remaining accordion and adding additional commitments of $80 million, bringing the total commitments under the facility to $250 million, with similar terms and conditions. The key terms of the facility include limitations on incremental debt, restrictions on distributions and financial covenants including Net Debt to EBITDA, Tangible Net Worth, Interest Coverage and Minimum Liquidity. The credit facility provides for an interest rate margin above London Interbank Offered Rate (“LIBOR”), banker’s acceptance (“BA”) prime rate and base rate advances which varies according to the total net debt ratio of the Company. Fees related to the credit facility vary according to the total net debt ratio of the Company. This credit facility is secured by some of the Company's real assets, guarantees by some of the Company’s subsidiaries and pledges of shares in some of the Company's subsidiaries. The maturity date of this credit facility is February 1, 2020. The Company was in compliance with its credit facility covenants as at September 30, 2017.
Upon entering into the $250 million credit facility described above, the Company terminated its four-year $500 million unsecured revolving credit facility. During the first quarter 2016 and prior to termination, the Company repaid the $70 million outstanding on the previous credit facility. Letters of credit worth $3.0 million were issued under the Company’s revolving credit facility and $0.4 million under a separate letter of credit. As of September 30, 2017, letters of credit worth $3.0 million were drawn against the credit facility for the guarantee of certain asset retirement obligations.
(c)
Uncollateralized surety bonds
As at September 30, 2017, C$123.6 million (September 30, 2017 - $98.8 million; December 31, 2016 ‐ $nil) of uncollateralized surety bonds were outstanding to guarantee the asset retirement obligation related to the Doyon mine.  The uncollateralized surety bonds were issued pursuant to arrangements with international insurance companies (note 6(a)).
v3.8.0.1
FINANCIAL INSTRUMENTS
9 Months Ended
Sep. 30, 2017
Financial Instruments [Abstract]  
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS
(a)Financial assets measured at fair value through other comprehensive income
Marketable securities fair value reserve
Share market price exposure risk is related to the fluctuation in the market price of marketable securities. The Company’s portfolio of marketable securities is not part of its core operations, and accordingly, gains and losses from these marketable securities are not representative of the Company’s performance during the period. Consequently, the Company has designated all of its investments in marketable securities to be measured at fair value through Other comprehensive income ("OCI"). The Company’s portfolio of marketable securities is primarily focused on the mining sector and relates entirely to investments in equity securities.
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Proceeds from sale of marketable securities
$
7.4

$

$
7.7

$
0.1

Acquisition date fair value of marketable securities sold
(2.3
)

(2.4
)
(2.1
)
Gain (loss) on sale of marketable securities recorded in OCI
$
5.1

$

$
5.3

$
(2.0
)

(b)Cash flow hedge fair value reserve
(i)
Hedge gain/loss
 
Gain (loss) recognized in cash flow hedge reserve
(Gain) loss reclassified or adjusted from cash flow hedge reserve
 
Three months ended September 30, 2017
Nine months ended September 30, 2017
Three months ended September 30, 2017
Nine months ended September 30, 2017
Exchange rate risk
 
 
 
 
Canadian dollar option contracts
$
6.0

$
7.5

$
(1.4
)
$
(1.5
)
Euro option contracts
2.8

4.6

(1.1
)
(1.1
)
Crude oil option contracts

0.1



 
8.8

12.2

(2.5
)
(2.6
)
Time value of option contracts excluded from hedge relationship
(1.7
)
(4.4
)


 
$
7.1

$
7.8

$
(2.5
)
$
(2.6
)
 
Gain (loss) recognized in cash flow hedge reserve
(Gain) loss reclassified or adjusted from cash flow hedge reserve
 
Three months ended September 30, 2016
Nine months ended September 30, 2016
Three months ended September 30, 2016
Nine months ended September 30, 2016
Exchange rate risk
 
 
 
 
Canadian dollar option contracts
$
(2.3
)
$
0.5

$
1.2

$
4.8

Euro option contracts

1.8

(0.4
)
(1.2
)
Crude oil option contracts
(2.4
)
3.6


1.7

 
(4.7
)
5.9

0.8

5.3

Time value of option contracts excluded from hedge relationship
(2.0
)
(1.4
)


 
$
(6.7
)
$
4.5

$
0.8

$
5.3

 
(Gain) loss reclassified from cash flow hedge reserve to:
(Gain) loss reclassified from cash flow hedge reserve to:
 
Three months ended September 30, 2017
Three months ended September 30, 2016
Nine months ended September 30, 2017
Nine months ended September 30, 2016
Consolidated balance sheets
 
 
 
 
Property, plant and equipment
$
(0.6
)
$
(0.1
)
$
(0.6
)
$
0.1

Consolidated statements of earnings
 
 


 
Cost of sales
(1.6
)
0.6

(1.6
)
3.6

General and administrative expenses
(0.3
)
0.3

(0.4
)
1.6

Total
$
(2.5
)
$
0.8

$
(2.6
)
$
5.3


There was no hedge ineffectiveness for the three and nine months ended September 30, 2017 and 2016.
(ii)
Currency exchange rate risk
Movements in the Canadian dollar (C$) and the Euro (€) against the U.S. dollar ($) have a direct impact on the Company’s consolidated financial statements.
The Company manages its exposure to the Canadian dollar and the Euro by executing option contracts. The Company’s objective is to hedge its exposure to these currencies resulting from operating and capital expenditure requirements at some of its mine sites and corporate offices.
The Company has designated option contracts as cash flow hedges for its highly probable forecasted Canadian dollar and Euro expenditure requirements. The Company has elected to only designate the change in the intrinsic value of options in the hedging relationships. The change in fair value of the time value component of options is recorded in OCI as a cost of hedging.
An economic relationship exists between the hedged items and the hedging instruments as the fair values of both the hedged items and hedging instruments move in opposite directions in response to the same risk. The hedge ratio is determined by dividing the quantity of option contracts by the quantity of the forecasted Canadian dollar and Euro expenditure exposures.
As at September 30, 2017, the Company's outstanding derivative contracts which qualified for hedge accounting and the periods in which the cash flows are expected to occur and impact the Consolidated statements of earnings, are as follows:
 
2017

2018

Total

Cash flow hedges
 
 
 
Exchange rate risk
 
 
 
   Canadian dollar option contracts (millions of C$)
51

155

206

   Contract rate range ($/C$)
1.30-1.401

1.30-1.452



   Euro option contracts (millions of €)
32

93

125

Contract rate range (€/$)
1.00-1.203

1.08-1.193



1
The Company purchased three types of Canadian dollar options in 2017, which consist of U.S. dollar put options at a strike price of $1.30, U.S. dollar put options at a strike price of $1.35, and collar options in the range of $1.30 and $1.40. The Company will benefit from the margin between the lower market price and the set U.S. dollar put strike price of $1.30 and $1.35. If U.S dollar to C$ market prices are above the $1.40 call strike prices in 2017, the Company will incur a loss from the margin between the higher market price and the $1.40 call strike price.
2
The Company purchased Canadian dollar collar options with strike prices within the given range in 2018. If U.S dollar to C$ market prices are below the low end of the range of the U.S. dollar put strike prices in 2018, the Company will benefit from the margin between the lower market price and the set put strike price. If U.S dollar to C$ market prices are above the high end of the range of the U.S. dollar call strike prices in 2018, the Company will incur a loss from the margin between the higher market price and the set call strike price.
3
The Company purchased Euro collar options with strike prices within the given range in 2017 and 2018. If EUR to U.S. dollar market prices are below the low end of the range in 2017 or 2018, the Company will incur a loss from the margin between the lower market price and the set put strike price. If EUR to U.S. dollar market prices are above the high end of the range of the call strike price in 2017 or 2018, the Company will benefit from the margin between the higher market price and the set call strike price.

Additional information on hedging instruments and hedged forecast transactions related to currency exchange rate risk as at September 30, 2017 and December 31, 2016 were as follows:
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at September 30, 2017
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Canadian option contracts
$
7.4

$

$
6.1

$
6.1

$
(6.1
)
Euro option contracts
4.6


3.2

3.2

(3.2
)
 
$
12.0

$

$
9.3

$
9.3

$
(9.3
)
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at December 31, 2016
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged
items
Canadian option contracts
$
2.1

$

$
0.2

$
0.2

$
(0.2
)
Euro option contracts
0.2

(2.0
)
(0.4
)
(0.4
)
0.4

 
$
2.3

$
(2.0
)
$
(0.2
)
$
(0.2
)
$
0.2


(iii)
Oil and fuel market price risk
Low sulfur diesel and fuel oil are key inputs to extract tonnage and, in some cases, to wholly or partially power operations. Brent crude oil and West Texas Intermediate (WTI) are components of diesel and fuel oil, respectively, such that changes in the price of crude oil directly impacts diesel and fuel oil costs. The Company established a hedging strategy to limit the impact of fluctuations in crude oil prices and to economically hedge future consumption of diesel and fuel oil at the Rosebel and Essakane mines. The Company has designated option contracts as cash flow hedges for the crude oil component of its highly probable forecasted low sulfur diesel and fuel oil purchases.
As at September 30, 2017, the Company’s outstanding crude oil derivative contracts, which qualified for hedge accounting, and the periods in which the cash flows are expected to occur and impact the Consolidated statements of earnings, are as follows:
 
2017

2018

2019

2020

Total

Brent crude oil option contracts (barrels)1
130

488

366

243

1,227

Option contracts with strike prices at ($/barrel)
602

42-603

44-603

50-623

 
WTI crude oil option contracts (barrels)1
99

390

306

207

1,002

Option contracts with strike prices at ($/barrel)
602

36-603

42-603

45-553

 
1
Quantities of barrels are in thousands.
2
The Company purchased call options with a strike price of $60. If crude oil prices are greater than the call strike price in 2017, the Company will benefit from the margin between the higher market price and the set call strike price.
3
The Company purchased Brent and WTI collar options with strike prices within the given range in 2018, 2019 and 2020. If Brent and WTI market prices are below the low end of the range in 2018, 2019 and 2020, the Company will incur a loss from the margin between the lower market price and the set put strike price. If Brent and WTI are above the high end of the range of the call strike price in 2018, 2019 and 2020, the Company will benefit from the margin between the higher market price and the set call strike price.

Additional information on hedging instruments and hedged forecast transactions related to oil and fuel market price risk as at September 30, 2017 and December 31, 2016 were as follows:
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at September 30, 2017
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Brent crude oil option contracts
$
1.9

$

$

$

$

WTI crude oil option contracts
0.4

(0.1
)



 
$
2.3

$
(0.1
)
$

$

$

 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at December 31, 2016
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Brent crude oil option contracts
$
4.0

$

$

$

$

WTI crude oil option contracts
2.2





 
$
6.2

$

$

$

$


(c)Gain on embedded derivative and warrants
Gain on embedded derivative and warrants is included in Interest income and derivatives and other investment gains (note 25) in the Consolidated statements of earnings. These gains relate to warrants associated with the Company's investments in marketable securities and the fair value movement of the embedded derivative.
 
 
Three months ended September 30,
Nine months ended September 30,
 
Notes
2017
2016
2017
2016
Embedded derivative
17(a)
$
3.7

$

$
5.3

$

Warrants
 
0.5

1.3

0.1

5.3

 
25
$
4.2

$
1.3

$
5.4

$
5.3

v3.8.0.1
FAIR VALUE MEASUREMENTS
9 Months Ended
Sep. 30, 2017
Fair Value Measurement [Abstract]  
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS
The fair value hierarchy categorizes into three levels the inputs to valuation techniques used to measure fair value. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs).
Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities which the entity can access at the measurement date.
Level 2 inputs are inputs other than quoted prices included within Level 1 which are observable for the asset or liability, either directly or indirectly such as those derived from prices.
Level 3 inputs are unobservable inputs for the asset or liability.
There have been no changes in the classification of the financial instruments in the fair value hierarchy since December 31, 2016.
(a)
Financial assets and liabilities measured at fair value on a recurring basis
As at September 30, 2017, the Company’s fair value of financial assets and liabilities were as follows:
 
September 30, 2017
December 31, 2016
 
Carrying Amount
Level 1
Level 2
Level 3
Total Fair Value
Total Fair Value
Assets
 
 
 
 
 
 
Cash and cash equivalents
$
583.6

$
583.6

$

$

$
583.6

$
652.0

Restricted cash
24.7

24.7



24.7

110.7

Short-term investments
227.0

227.0



227.0


Marketable securities and warrants
30.1

25.0

5.1


30.1

21.9

Bond fund investments
2.7

2.7



2.7

5.9

Derivatives
 
 
 
 
 
 
Currency contracts
12.0


12.0


12.0

2.3

Crude oil contracts
2.3


2.3


2.3

6.2

Embedded derivative
9.5


9.5


9.5


 
$
891.9

$
863.0

$
28.9

$

$
891.9

$
799.0

Liabilities
 
 
 
 
 

Derivatives






Currency contracts
$

$

$

$

$

$
(2.0
)
Crude oil contracts
(0.1
)

(0.1
)

(0.1
)

6.75% Senior unsecured notes





(474.0
)
Long-term debt - 7% Senior notes
(400.0
)
(421.8
)


(421.8
)

 
$
(400.1
)
$
(421.8
)
$
(0.1
)
$

$
(421.9
)
$
(476.0
)
 
(b)
Valuation techniques
Cash, cash equivalents and short-term investments
Cash, cash equivalents and short-term investments are included in Level 1 due to the short-term maturity of these financial instruments.
Marketable securities and warrants
The fair value of marketable securities included in Level 1 is determined based on a market approach. The closing price is a quoted market price from the exchange market which is the principal active market for the particular security. The fair value of warrants included in Level 2 is obtained through the use of Black-Scholes pricing model, which uses share price inputs and volatility measurements. The fair value of investments in equity instruments which are not actively traded is determined using valuation techniques which require inputs that are both unobservable and significant, and therefore were categorized as Level 3 in the fair value hierarchy. The Company used the latest transaction price for these securities, obtained from the entity, to value these marketable securities and warrants.
Bond fund investments
The fair value of bond fund investments included in Level 1 is measured using quoted prices (unadjusted) in active markets.
Derivatives
For derivative contracts, the Company obtains a valuation of the contracts from counterparties of those contracts. The Company assesses the reasonableness of these valuations through internal methods and third-party valuations. The Company then calculates a credit valuation adjustment to reflect the counterparty’s or the Company’s own default risk. Valuations are based on the present value of market valuations considering interest rate and volatility, taking into account the credit risk of the financial instrument. Valuations of derivative contracts are therefore classified within Level 2 of the fair value hierarchy (note 17(a)).
Embedded Derivative
The fair value of the embedded derivative as at September 30, 2017 was $9.5 million and is accounted for at FVTPL. The valuation is based on the discounted cash flows at the risk-free rate to determine the present value of the redemption option. Key inputs used in the valuation include the credit spread, volatility parameter and the risk-free rate curve. Valuation of the redemption option is therefore classified within Level 2 of the fair value hierarchy.
Senior Notes
The fair value of Senior Notes required to be disclosed is determined using quoted prices (unadjusted) in active markets, and is therefore classified within Level 1 of the fair value hierarchy. The fair value of the Notes as at September 30, 2017 was $421.8 million (December 31, 2016 - $474.0 million).
Investments in associates
Investments in associates are measured at fair value on a non-recurring basis when an impairment charge or reversal is to be recorded. After application of the equity method, the fair value of an investment in associate is determined for purposes of assessing whether an impairment charge or reversal of a previously recorded impairment charge is required. For publicly traded companies, the Company determines the fair value of its investments in associates based on a market approach reflecting the closing price of the investments in the associates' shares at the balance sheet date. Since there is a quoted market price, this is classified within Level 1 of the fair value hierarchy. As at September 30, 2017, no investments in associates were measured at fair value.
Finance lease liabilities
Finance lease liabilities are accounted for at amortized cost, using the effective interest rate method. The fair value required to be disclosed is determined using market interest rate inputs and is therefore classified within Level 2 of the fair value hierarchy (note 15). The fair value at September 30, 2017 of the Company's finance lease liabilities approximates their carrying amount of $0.1 million (December 31, 2016 - $0.1 million).
Other financial assets and liabilities
The fair value of all other financial assets and liabilities of the Company approximate their carrying amounts.
v3.8.0.1
SHARE CAPITAL
9 Months Ended
Sep. 30, 2017
Share Capital, Reserves And Other Equity Interest [Abstract]  
SHARE CAPITAL
SHARE CAPITAL
The Company is authorized to issue an unlimited number of common shares, first preference shares issuable in series and second preference shares issuable in series.
 
 
Nine months ended
September 30,
Number of common shares (in millions)
Notes
2017
2016
Outstanding, beginning of the period
 
453.8

393.4

Equity issuance
4
6.9

44.7

Issuance of flow-through common shares
 
3.4

12.0

Issuance of shares for share-based compensation
 
0.8

0.6

Outstanding, end of period
 
464.9

450.7


Flow-through common shares
In March 2017, the Company issued 3.4 million flow-through common shares at C$5.91 per share for net proceeds of $15.1 million (C$20.0 million), which included a $1.7 million premium reported as a deferred gain on the balance sheet to be recognized in earnings as eligible expenditures are made. A total of $13.4 million was recognized in equity based on the quoted price of the shares on the date of the issue less issuance costs. The flow-through common shares were issued to fund prescribed development expenditures on the Westwood mine. Flow-through common shares require the Company to incur an amount equivalent to the proceeds of the issue on prescribed expenditures in accordance with the applicable tax legislation. As at September 30, 2017, there was no remaining unspent amount.
During the fourth quarter 2016, the Company issued 0.9 million flow-through common shares at prices ranging between C$6.56 and C$6.63 per share for net proceeds of $4.4 million (C$5.9 million), which included a $1.1 million premium reported as a deferred gain on the balance sheet to be recognized in earnings as eligible expenditures are made. A total of $3.3 million was recognized in equity based on the quoted price of the shares on the date of the issue less issuance costs. The flow-through common shares were issued to fund prescribed exploration expenditures on the Côté Gold Project.  As at September 30, 2017, the remaining unspent amount was $0.5 million.
Additionally, during the fourth quarter 2016, the Company issued 2.2 million flow-through common shares at prices ranging between C$5.34 and C$5.60 per share for net proceeds of $8.9 million (C$11.9 million), which included a $0.8 million premium reported as a deferred gain on the balance sheet to be recognized in earnings as eligible expenditures are made. A total of $8.1 million was recognized in equity based on the quoted price of the shares on the date of the issue less issuance costs. The flow-through common shares were issued to fund prescribed development expenditures on the Westwood mine. As at September 30, 2017, there was no remaining unspent amount.
For the three and nine months ended September 30, 2017, $0.2 million and $3.5 million were recognized as amortization of the gains related to the issuances of flow-through common shares described above (three and nine months ended September 30, 2016 - $1.2 million and $3.3 million), respectively, and was included in Interest income and derivatives and other investment gains in the Consolidated statements of earnings (note 25).

Contingently issuable shares
On December 12, 2016, the Company finalized the agreement with the Government of Suriname to acquire the rights to the Saramacca property. Under the terms of the agreement, the rights to the Saramacca property were transferred to Rosebel in exchange for an initial cash payment of $10.0 million which was accounted for as an Exploration and evaluation asset as at December 31, 2016. The purchase consideration also included 3.125 million contingently issuable IAMGOLD common shares to be delivered in three approximately equal tranches in 12 months intervals, from the date the rights to the Saramacca property were transferred to Rosebel. In addition, the agreement provides for a potential upward adjustment to the purchase price based on the contained gold ounces identified at the Saramacca property in National Instrument 43-101 indicated and measured resource categories, within a certain Whittle shell, over the first 24 months, to a maximum of $10.0 million. Under the terms of the agreement, the Company can at any time during the course of the agreement provide 60 days' notice to the Government of Suriname and terminate the agreement. In such an event, any contingently issuable IAMGOLD common shares not already issued will no longer be required to be delivered to the Government of Suriname.
Equity issuance
On August 8, 2016, the Company entered into a public equity offering of 38.9 million common shares at a price of $5.15 per common share for gross proceeds of $200 million. On August 16, 2016, the underwriters elected to exercise an option to purchase up to an additional 15% of the offering, and as a result, an additional 5.8 million common shares were issued at a price of $5.15 per common share. The issuance was completed on August 16, 2016 and increased the gross proceeds from the offering to $230.0 million, less transaction costs of $9.9 million for net proceeds of $220.1 million for a total of 44.7 million shares.
v3.8.0.1
EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2017
Earnings per share [abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per share computation
 
Three months ended
 September 30,
Nine months ended
September 30,
 
2017
2016
2017
2016
Numerator
 
 
 
 
Net earnings attributable to equity holders of IAMGOLD
$
30.8

$
17.0

$
519.3

$
57.9

Denominator (in millions)




Weighted average number of common shares (basic)
464.7

428.3

462.3

410.3

Basic earnings attributable to equity holders of IAMGOLD ($/share)
$
0.07

$
0.04

$
1.12

$
0.14

Diluted earnings per share computation
 
Three months ended
 September 30,
Nine months ended
September 30,
 
2017
2016
2017
2016
Denominator (in millions)
 
 
 
 
Weighted average number of common shares (basic)
464.7

428.3

462.3

410.3

Dilutive effect of share options
1.2

1.0

1.2

0.4

Dilutive effect of restricted share units
3.4

2.9

3.2

2.5

Weighted average number of common shares (diluted)
469.3

432.2

466.7

413.2

Diluted earnings attributable to equity holders of IAMGOLD ($/share)
$
0.07

$
0.04

$
1.11

$
0.14

Equity instruments excluded from the computation of diluted earnings per share, which could be dilutive in the future, were as follows:
 
 
Three months ended
 September 30,
Nine months ended
September 30,
(in millions)
Notes
2017
2016
2017
2016
Share options
 
2.6

3.0

2.6

4.1

Contingently issuable shares
20
3.1

3.1

3.1

3.1

 
 
5.7

6.1

5.7

7.2

v3.8.0.1
SHARE-BASED COMPENSATION
9 Months Ended
Sep. 30, 2017
Share-Based Payment Arrangements [Abstract]  
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION    
(a)Share option award plan
Nine months ended September 30, 2017
Share
options
(in millions)

Weighted average exercise price 
(C$/share)1

Outstanding, beginning of the period
6.0

$
7.79

Granted
1.6

5.24

Exercised
(0.2
)
5.26

Forfeited
(0.5
)
12.22

Outstanding, end of the period
6.9

$
7.03

Exercisable, end of the period
3.4

$
9.72

1
Exercise prices are denominated in Canadian dollars. The exchange rate at September 30, 2017 between the U.S. dollar and Canadian dollar was
$0.7992/C$.
The following were the weighted average inputs to the Black-Scholes model used in determining the fair value of the options granted. The estimated fair value of the options is expensed over their expected life.
Nine months ended September 30, 2017
 
Weighted average risk-free interest rate
1.1
%
Weighted average expected volatility1
66
%
Weighted average dividend yield
0.00
%
Weighted average expected life of options issued (years)
5.0

Weighted average grant-date fair value (C$ per share)
$
2.89

Weighted average share price at grant date (C$ per share)
$
5.24

Weighted average exercise price (C$ per share)
$
5.24

1
Expected volatility is estimated by considering historic average share price volatility based on the average expected life of the options.
(b)Full value award plans
Full value awards consist of restricted share units.
Nine months ended September 30, 2017 (in millions)
 
Outstanding, beginning of the period
3.7

Granted
2.2

Issued
(0.6
)
Forfeited
(0.7
)
Outstanding, end of the period
4.6


The following were the weighted average inputs to the Black-Scholes model used in determining the fair value of the restricted share units granted. The estimated fair value of the awards is expensed over their vesting period.
Nine months ended September 30, 2017
 
Weighted average risk-free interest rate
0.8
%
Weighted average expected volatility1
72
%
Weighted average dividend yield
0.00
%
Weighted average expected life of RSUs issued (years)
2.8

Weighted average grant-date fair value (C$ per share)
$
5.24

Weighted average share price at grant date (C$ per share)
$
5.24

1
Expected volatility is estimated by considering historic average share price volatility based on the average expected life of the restricted share units.
v3.8.0.1
COST OF SALES
9 Months Ended
Sep. 30, 2017
Analysis of income and expense [abstract]  
COST OF SALES
COST OF SALES
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Operating costs1 
$
154.5

$
147.4

$
461.9

$
425.9

Royalties
11.1

13.5

32.9

32.5

Depreciation expense2
62.3

69.3

197.2

193.1

 
$
227.9

$
230.2

$
692.0

$
651.5

1
Operating costs include mine production, transport and smelter costs, and site administrative expenses.
2
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.
v3.8.0.1
FINANCE COSTS
9 Months Ended
Sep. 30, 2017
Borrowing costs [abstract]  
FINANCE COSTS
FINANCE COSTS
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Interest expense
$
0.9

$
5.9

$
6.8

$
19.9

Credit facility fees
0.9

0.4

2.1

1.2

Accretion expense
0.3


0.7

0.6

 
$
2.1

$
6.3

$
9.6

$
21.7


Total interest paid during the three and nine months ended September 30, 2017 was $nil and $16.5 million, respectively (three and nine months ended September 30, 2016 - $20.3 million and $41.9 million, respectively). Interest paid relates to interest charges on notes, credit facilities and finance leases.
v3.8.0.1
INTEREST INCOME AND DERIVATIVES AND OTHER INVESTMENT GAINS
9 Months Ended
Sep. 30, 2017
Analysis of income and expense [abstract]  
INTEREST INCOME AND DERIVATIVES AND OTHER INVESTMENT GAINS
INTEREST INCOME AND DERIVATIVES AND OTHER INVESTMENT GAINS    
 
 
Three months ended September 30,
Nine months ended September 30,
 
Notes
2017
2016
2017
2016
Interest income
 
$
2.5

$
0.8

$
6.4

$
1.9

Gain on embedded derivative and warrants
18(c)
4.2

1.3

5.4

5.3

Gain on sale of a 30% interest in the Côté Gold Project
5


19.2


Amortization of gains related to flow-through common shares
20
0.2

1.2

3.5

3.3

Loss on redemption of 6.75% Senior unsecured notes
17(a)


(20.2
)

Gain on purchase of 6.75% Senior unsecured notes
17(a)

4.0


4.0

Write-down of receivables
 

(1.5
)


Gain on sale of gold bullion
 



72.9

Other gains (losses)
 
0.4

(0.3
)
0.5

1.3

 
 
$
7.3

$
5.5

$
14.8

$
88.7

v3.8.0.1
CASH FLOW ITEMS
9 Months Ended
Sep. 30, 2017
Cash Flow Statement [Abstract]  
CASH FLOW ITEMS
CASH FLOW ITEMS    
(a)    Adjustments for other non-cash items within operating activities
 
 
Three months ended September 30,
Nine months ended September 30,
 
Notes
2017
2016
2017
2016
Share-based compensation
 
$
1.3

$
1.1

$
4.4

$
3.6

Amortization of gains related to flow-through common shares
25
(0.2
)
(1.2
)
(3.5
)
(3.3
)
Changes in estimates of asset retirement obligations at closed sites
 
(2.2
)

(0.9
)
3.3

Gain on derivatives
 
(6.1
)
(0.8
)
(7.3
)
(1.3
)
Gain on purchase of 6.75% senior unsecured notes
25

(4.0
)

(4.0
)
Write-down of assets

0.2

1.3

1.5

4.1

Other
 
0.8

(0.6
)
0.7

0.5

 
 
$
(6.2
)
$
(4.2
)
$
(5.1
)
$
2.9


(b)
Movements in non-cash working capital items and non-current ore stockpiles
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Receivables and other current assets
$
7.8

$
6.6

$
10.1

$
(0.5
)
Inventories and non-current ore stockpiles
(19.8
)
1.9

(20.6
)
7.4

Accounts payable and accrued liabilities
15.5

6.0

14.8

15.5

 
$
3.5

$
14.5

$
4.3

$
22.4


(c)
Other investing activities
 
 
Three months ended September 30,
Nine months ended September 30,
 
Notes
2017
2016
2017
2016
Disposal (acquisition) of investments
 
$
0.7

$
1.5

$
1.1

$
(2.0
)
Advances to related parties
29
(3.0
)
(0.6
)
(5.3
)
(2.4
)
Repayments from related parties
29
0.3

0.2

0.8

2.3

Other
 

0.2

0.1

0.9

 
 
$
(2.0
)
$
1.3

$
(3.3
)
$
(1.2
)

(d)
Other financing activities
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Repayment of finance lease liabilities
$

$
(0.1
)
$

$
(1.0
)
Dividends paid to non-controlling interests
(2.0
)

(3.1
)
(1.5
)
Other finance costs
(1.6
)
(0.5
)
(2.5
)
(2.8
)
 
$
(3.6
)
$
(0.6
)
$
(5.6
)
$
(5.3
)

(e)
Reconciliation of long-term debt arising from financing activities     
 
Notes
 
Balance, December 31, 2016
 
$
485.1

Net proceeds from issuance of senior notes
17(a)
393.6

Non-cash changes:
 


     Amortization of deferred financing charges
 
0.7

     Change in fair value of embedded derivative
18(c)
(5.3
)
     Loss on redemption of 6.75% Senior unsecured notes
17(a)
20.2

Cash changes:
 


     Repayment of 6.75% Senior unsecured notes
17(a)
(505.6
)
 Balance, September 30, 2017
 
$
388.7

v3.8.0.1
REVERSAL OF IMPAIRMENT CHARGES
9 Months Ended
Sep. 30, 2017
Impairment Of Assets [Abstract]  
REVERSAL OF IMPAIRMENT CHARGES
REVERSAL OF IMPAIRMENT CHARGES


Three months ended September 30,
Nine months ended September 30,

Notes
2017
2016
2017
2016
Suriname CGU1









Property, plant and equipment
11
$

$

$
124.1

$

Côté Gold Project









Exploration and evaluation assets
12


400.0




$

$

$
524.1

$

1 The Suriname CGU consists of Rosebel Gold Mines N.V. and Euro Ressources S.A.
Property, plant and equipment
The Company performs an assessment at each reporting date to determine whether there is an indication of potential reversal of previously recognized impairment losses. On July 26, 2017 (effective June 30, 2017), the Company identified a significant increase in reserves and resources and corresponding extension of the life of mine ("LOM") for the Rosebel mine, which were considered to be an indicator of reversal, as these represented a significant change in the key inputs used to determine the cash generating unit's ("CGU") recoverable amount. As a result, an assessment was performed for the Company’s Suriname CGU, and it was determined that the recoverable amount, representing the CGU’s fair value less costs of disposal ("FVLCD"), exceeded the carrying amount. This resulted in a reversal of the impairment charge recorded in 2013, which was limited to the carrying amount of the Suriname CGU that would have been determined had no impairment charge been recognized in prior years, net of depreciation charges. The pre-tax and after-tax amounts of impairment reversal recorded in the Company’s Consolidated statements of earnings in the second quarter of 2017 were $124.1 million and $79.9 million, respectively.
The significant estimates and assumptions used in determining the FVLCD for the CGU were LOM production profiles, future commodity prices, reserves and resources, discount rate, values of un-modeled mineralization and capital expenditures. The estimates of future cash flows were derived from the most recent LOM of approximately 11 years, which is based on Management’s current best estimates of optimized mine and processing plans, future operating costs and capital expenditures. For the assessment, the Company used an estimated gold price of $1,225 per ounce for the first 5 years starting 2018, decreasing to $1,200 per ounce for 2023 and beyond.
The future cash flows used to calculate the recoverable amount of the CGU were discounted using a real weighted average cost of capital of 6%, which reflects specific market risk factors for the mine. Un-modeled mineralization for the CGU was valued at $45 per ounce. Oil price is a significant component of cash costs of production and was estimated based on the current price, forward prices, forecasts of future prices from third-party sources and the Company’s hedging program.
Exploration and evaluation assets
On June 5, 2017, upon entering into a definitive Investment Agreement with SMM for the sale of a 30% interest in the Côté Gold Project (note 5), the Company performed an assessment of whether the previous impairment charge on the Project had reversed. The Company determined that the consideration agreed to by SMM indicated the recoverable amount exceeded the carrying amount, which resulted, in the second quarter of 2017, in the reversal of the previously recorded impairment charge of $400 million. The reversal is limited to the carrying amount that would have been determined had no impairment charge been recognized in prior years.
v3.8.0.1
COMMITMENTS
9 Months Ended
Sep. 30, 2017
Commitments [Abstract]  
COMMITMENTS
COMMITMENTS
 
September 30, 2017
December 31, 2016
Purchase obligations
$
78.2

$
53.2

Capital expenditure obligations
26.3

4.6

Operating leases
18.1

4.3

 
$
122.6

$
62.1


Commitments – payments due by period
 
Payments due by period
As at September 30, 2017
Total
<1 yr
1-2 yrs
3-5 yrs
>5 yrs
Purchase obligations
$
78.2

$
71.9

$
5.7

$
0.4

$
0.2

Capital expenditure obligations
26.3

22.5

3.8



Operating leases
18.1

1.5

10.1

6.5


 
$
122.6

$
95.9

$
19.6

$
6.9

$
0.2

v3.8.0.1
RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2017
Related Party [Abstract]  
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS
Receivables from related parties
The Company had the following related party transactions included in Receivables and other current assets and in Other non-current assets in the Consolidated balance sheets:
 
 
Three months ended September 30,
Nine months ended September 30,
 
 
2017
2016
2017
2016
Sadiola and Yatela (Non-interest bearing)
 
 
 
 
 
 Balance, beginning of the period
 
$
0.2

$

$
0.2

$
0.2

  Advances
 
0.2


0.7


  Repayments
 
(0.3
)

(0.8
)
(0.2
)
Balance, end of the period1
 
$
0.1

$

$
0.1

$

Sadiola Sulphide Project (LIBOR plus 2%)2
 
 
 
 


  Balance, beginning of the period
 
$
33.1

$
30.2

$
31.3

$
29.3

  Advances
 
2.8

0.3

4.6

1.2

Balance, end of the period1
 
$
35.9

$
30.5

$
35.9

$
30.5

1
Balances as of December 31, 2016 for Sadiola and Yatela and for the Sadiola Sulphide Project were $0.2 million and $31.3 million, respectively.
2
These advances were part of an extended loan agreement, reached in the fourth quarter of 2016, for the Sadiola Sulphide Project, and are to be repaid on the earlier of December 31, 2020 or, at such time as Sadiola has sufficient free cash flow.
v3.8.0.1
SEGMENTED INFORMATION
9 Months Ended
Sep. 30, 2017
Operating Segments [Abstract]  
SEGMENTED INFORMATION
SEGMENTED INFORMATION
The Company’s gold mine segment is divided into the following geographic segments:
Burkina Faso - Essakane mine;
Suriname - Rosebel mine;
Canada - Doyon division includes the Westwood mine and the Doyon mine, which is in closure; and
Incorporated joint ventures (Mali) - Sadiola mine (41%) and Yatela mine, which is in closure (40%).
The Company’s non-gold segments are divided into the following:
Exploration and evaluation; and
Corporate - includes royalty interests located in Canada and investments in associates and incorporated joint ventures.
 
September 30, 2017
December 31, 2016
 
Total non-
current
assets
Total
assets
Total
liabilities
Total non-
current
assets
Total
assets
Total
liabilities
Gold mines
 
 
 
 
 
 
Burkina Faso
$
842.4

$
1,065.2

$
193.3

$
883.4

$
1,099.6

$
189.9

Suriname
615.3

799.0

247.6

512.8

667.3

198.1

Canada
691.1

713.8

188.5

675.0

783.7

195.8

Total gold mines
2,148.8

2,578.0

629.4

2,071.2

2,550.6

583.8

Exploration and evaluation
433.7

476.0

6.8

163.1

193.2

8.4

Corporate1
276.0

881.4

446.4

153.3

656.7

537.2

Total per consolidated financial statements
$
2,858.5

$
3,935.4

$
1,082.6

$
2,387.6

$
3,400.5

$
1,129.4

Incorporated joint ventures (Mali)2
$
127.3

$
173.0

$
147.9

$
116.5

$
160.2

$
144.1

1
The carrying amount of the Investment in incorporated joint ventures is included in the corporate segment as non-current assets.
2
The breakdown of the financial information for the incorporated joint ventures has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess performance of the incorporated joint ventures and to make resource allocation decisions.
Three months ended September 30, 2017
 
Consolidated statement of earnings information
 
 
Revenues
Cost of
sales1
Depreciation
expense7
General 
and
administrative2
Exploration
Impairments (reversals)
Other
Earnings
(loss) from
operations
Net capital
expenditures
3
Gold mines
 
 
 
 
 
 
 
 
 
Burkina Faso
$
130.2

$
82.2

$
31.0

$

$

$

$

$
17.0

$
16.8

Suriname
97.1

57.5

20.0


0.1


0.4

19.1

13.2

Canada
41.4

25.9

10.5




(2.0
)
7.0

14.0

Total gold mines excluding incorporated joint ventures
268.7

165.6

61.5


0.1


(1.6
)
43.1

44.0

Exploration and evaluation4




6.5


0.1

(6.6
)
0.5

Corporate5
0.1


0.8

8.9




(9.6
)
0.2

Total per consolidated financial statements
268.8

165.6

62.3

8.9

6.6


(1.5
)
26.9

44.7

Incorporated joint ventures (Mali)6
19.6

13.9

0.4


0.5



4.8

2.4

 
$
288.4

$
179.5

$
62.7

$
8.9

$
7.1

$

$
(1.5
)
$
31.7

$
47.1

1
Excludes depreciation expense.
2
Includes depreciation expense relating to Corporate and Exploration and evaluation assets.
3
Includes cash expenditures for Property, plant and equipment, Exploration and evaluation assets, and finance lease payments.
4
Closed site costs on Exploration and evaluation properties included in other operating costs.
5
Includes earnings from royalty interests.
6
Net earnings from incorporated joint ventures are included in a separate line in the Consolidated statements of earnings. The breakdown of the financial information has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess its performance and to make resource allocation decisions.
7
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.
Three months ended September 30, 2016
 
Consolidated statement of earnings information
 
 
Revenues
Cost of
sales1
Depreciation
expense7
General
and
administrative2
Exploration
Impairments (reversals)
Other
Earnings
(loss) from
operations
Net capital
expenditures
3
Gold mines
 
 
 
 
 
 
 
 
 
Burkina Faso
$
167.6

$
84.6

$
32.3

$

$

$

$
0.9

$
49.8

$
16.9

Suriname
92.2

53.4

21.7


1.2


0.2

15.7

34.2

Canada
22.4

21.6

14.2




0.3

(13.7
)
20.9

Total gold mines excluding incorporated joint ventures
282.2

159.6

68.2


1.2


1.4

51.8

72.0

Exploration and evaluation4


0.1

0.1

5.3



0.1

(5.6
)
0.4

Corporate5
0.2

1.3

1.0

9.9



0.4

(12.4
)
0.1

Total per consolidated financial statements
282.4

160.9

69.3

10.0

6.5


1.9

33.8

72.5

Incorporated Joint ventures (Mali)6
21.2

17.8

0.3


0.2



2.9

1.1

 
$
303.6

$
178.7

$
69.6

$
10.0

$
6.7

$

$
1.9

$
36.7

$
73.6

1
Excludes depreciation expense.
2
Includes depreciation expense relating to Corporate and Exploration and evaluation assets.
3
Includes cash expenditures for Property, plant and equipment, Exploration and evaluation assets, and finance lease payments.
4
Closed site costs on Exploration and evaluation properties included in other operating costs.
5
Includes earnings from royalty interests.
6
Net earnings from incorporated joint ventures are included in a separate line in the Consolidated statements of earnings. The breakdown of the financial information has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess its performance and to make resource allocation decisions.
7
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.

Nine months ended September 30, 2017
 
Consolidated statements of earnings information
 
 
Revenues
Cost of
sales1
Depreciation
expense7
General 
and
administrative2
Exploration
Impairments (reversals)
Other
Earnings
(loss) from
operations
Net capital
expenditures
3
Gold mines
 
 
 
 
 
 
 
 
 
Burkina Faso
$
402.2

$
250.2

$
98.0

$

$

$

$

$
54.0

$
52.5

Suriname
286.3

171.4

63.4


4.9

(116.0
)
2.3

160.3

36.7

Canada
115.0

73.2

33.0




(1.0
)
9.8

47.6

Total gold mines excluding incorporated joint ventures
803.5

494.8

194.4


4.9

(116.0
)
1.3

224.1

136.8

Exploration and evaluation4


0.1

0.1

24.7

(400.0
)
0.3

374.8

1.3

Corporate5
0.3


2.7

27.7


(8.1
)
6.4

(28.4
)
0.4

Total per consolidated financial statements
803.8

494.8

197.2

27.8

29.6

(524.1
)
8.0

570.5

138.5

Incorporated joint ventures (Mali)6
58.7

41.1

1.1


1.1



15.4

5.8

 
$
862.5

$
535.9

$
198.3

$
27.8

$
30.7

$
(524.1
)
$
8.0

$
585.9

$
144.3

1
Excludes depreciation expense.
2
Includes depreciation expense relating to Corporate and Exploration and evaluation assets.
3
Includes cash expenditures for Property, plant and equipment, Exploration and evaluation assets, and finance lease payments.
4
Closed site costs on Exploration and evaluation properties included in other operating costs.
5
Includes earnings from royalty interests.
6
Net earnings from incorporated joint ventures are included in a separate line in the Consolidated statements of earnings. The breakdown of the financial information has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess its performance and to make resource allocation decisions.
7
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.

Nine months ended September 30, 2016
 
Consolidated statements of earnings information
 
 
Revenues
Cost of
sales1
Depreciation
expense7
General
and
administrative2
Exploration
Impairments (reversals)
Other
Earnings
(loss) from
operations
Net capital
expenditures
3
Gold mines
 
 
 
 
 
 
 
 
 
Burkina Faso
$
399.2

$
223.8

$
78.8

$

$

$

$
0.8

$
95.8

$
82.4

Suriname
269.4

169.4

72.9


2.8


3.6

20.7

67.8

Canada
65.4

64.2

38.0




3.6

(40.4
)
69.1

Total gold mines excluding incorporated joint ventures
734.0

457.4

189.7


2.8


8.0

76.1

219.3

Exploration and evaluation4


0.2

0.3

17.8


0.3

(18.6
)
2.7

Corporate5
0.6

1.0

3.2

28.5



1.9

(34.0
)
0.8

Total per consolidated financial statements
734.6

458.4

193.1

28.8

20.6


10.2

23.5

222.8

Incorporated joint ventures (Mali)6
67.5

51.0

2.2


0.5


1.5

12.3

2.7

 
$
802.1

$
509.4

$
195.3

$
28.8

$
21.1

$

$
11.7

$
35.8

$
225.5

1
Excludes depreciation expense.
2
Includes depreciation expense relating to Corporate and Exploration and evaluation assets.
3
Includes cash expenditures for Property, plant and equipment, Exploration and evaluation assets, finance lease payments and is net of proceeds from finance leases.
4
Closed site costs on Exploration and evaluation properties included in other operating costs.
5
Includes earnings from royalty interests.
6
Net earnings from incorporated joint ventures are included in a separate line in the Consolidated statements of earnings. The breakdown of the financial information has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess its performance and to make resource allocation decisions.
7
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.
v3.8.0.1
BASIS OF PREPARATION (Policies)
9 Months Ended
Sep. 30, 2017
Corporate Information And Statement Of IFRS Compliance [Abstract]  
Statement of compliance
The unaudited condensed consolidated interim financial statements ("consolidated interim financial statements") of IAMGOLD and all of its subsidiaries, joint ventures and associates as at and for the three and nine months ended September 30, 2017, have been prepared in accordance with IAS 34, Interim Financial Reporting, and do not include all of the information required for annual consolidated financial statements. Accordingly, certain information and disclosures normally included in annual financial statements prepared in accordance with International Financial Reporting Standards ("IFRS") have been omitted or condensed.
These consolidated interim financial statements should be read in conjunction with IAMGOLD's audited annual consolidated financial statements and related notes as at and for the year ended December 31, 2016.
These consolidated interim financial statements of IAMGOLD were authorized for issue in accordance with a resolution of the Board of Directors on November 7, 2017.
Basis of measurement
The consolidated interim financial statements have been prepared on a historical cost basis, except for items measured at fair value as discussed in note 19.
Significant accounting judgments, estimates and assumptions
The preparation of consolidated interim financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities as at the date of the consolidated interim financial statements and reported amounts of revenues and expenses during the three and nine months ended September 30, 2017. Estimates and assumptions are continuously evaluated and are based on management’s experience and other factors, including expectations of future events which are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
v3.8.0.1
BASIS OF PREPARATION (Tables)
9 Months Ended
Sep. 30, 2017
Corporate Information And Statement Of IFRS Compliance [Abstract]  
Disclosure of subsidiaries
Subsidiaries, divisions and investments in joint ventures related to significant properties of the Company are accounted for as outlined below.
Name
Property
– Location
September 30,
2017
December 31,
2016
Type of
Arrangement
Accounting 
Method
Essakane S.A.
Essakane mine (Burkina Faso)
90%
90%
Subsidiary
Consolidation
Rosebel Gold Mines N.V.
Rosebel mine (Suriname)
95%
95%
Subsidiary
Consolidation
Doyon division including the Westwood mine
Doyon division (Canada)
100%
100%
Division
Consolidation
Côté Gold division 1
Côté Gold Project
(Canada)
70%
100%
Division
Proportionate share
Euro Ressources S.A.
France
90%
90%
Subsidiary
Consolidation
Société d'Exploitation des Mines d'Or de Sadiola S.A.
Sadiola mine
(Mali)
41%
41%
Incorporated joint venture
Equity accounting
Merrex Gold Inc.2
Siribaya Project (Mali)
100%
23%
Subsidiary
Consolidation
1
Effective June 20, 2017, the Company holds an undivided interest in the assets, liabilities, revenues and expenses of the Côté Gold division through an unincorporated joint venture (note 5).
2
As of February 28, 2017 (note 4).
Disclosure of joint ventures
Subsidiaries, divisions and investments in joint ventures related to significant properties of the Company are accounted for as outlined below.
Name
Property
– Location
September 30,
2017
December 31,
2016
Type of
Arrangement
Accounting 
Method
Essakane S.A.
Essakane mine (Burkina Faso)
90%
90%
Subsidiary
Consolidation
Rosebel Gold Mines N.V.
Rosebel mine (Suriname)
95%
95%
Subsidiary
Consolidation
Doyon division including the Westwood mine
Doyon division (Canada)
100%
100%
Division
Consolidation
Côté Gold division 1
Côté Gold Project
(Canada)
70%
100%
Division
Proportionate share
Euro Ressources S.A.
France
90%
90%
Subsidiary
Consolidation
Société d'Exploitation des Mines d'Or de Sadiola S.A.
Sadiola mine
(Mali)
41%
41%
Incorporated joint venture
Equity accounting
Merrex Gold Inc.2
Siribaya Project (Mali)
100%
23%
Subsidiary
Consolidation
1
Effective June 20, 2017, the Company holds an undivided interest in the assets, liabilities, revenues and expenses of the Côté Gold division through an unincorporated joint venture (note 5).
2
As of February 28, 2017 (note 4).
v3.8.0.1
ACQUISITION (Tables)
9 Months Ended
Sep. 30, 2017
Acquisition [Abstract]  
Disclosure of purchase price allocation
Assets acquired and liabilities assumed
Notes
 
Exploration and evaluation assets
12
$
36.6

Current liabilities
 
(3.9
)
Other non-current liabilities
 
(0.4
)
 
 
$
32.3

Consideration transferred
 
 
Share consideration
 
$
27.4

Less: Cash and cash equivalents acquired
 
(0.1
)
Transaction costs
 
0.2

 
 
27.5

Initial investment1
10
4.8

 
 
$
32.3

1
Prior to completion of the above mentioned transaction, IAMGOLD owned approximately 45.8 million common shares of Merrex, which represented approximately 23% of Merrex's issued and outstanding common shares, and was accounted for as an investment in an associate, using the equity method (note 10). The carrying amount of the investment of $4.8 million on the date of the acquisition has been included in the total cost of the Merrex Exploration and evaluation assets (note 12).
v3.8.0.1
DIVESTITURE (Tables)
9 Months Ended
Sep. 30, 2017
Non-current Asset Held For Sale And Discontinued Operations [Abstract]  
Sale Of Ownership Interest In Associates
The following represents the Company's 30% interest in the Côté Gold Project which was sold to SMM on June 20, 2017:
Carrying amount
Notes
30% disposal

Current assets
 
$
0.1

Exploration and evaluation assets
12
167.3

Non-current assets
 
0.6

Current liabilities
 
(0.1
)
Other non-current liabilities
 
(0.3
)
 
 
$
167.6

The following represents the Company's gain recorded on the sale of a 30% interest in the Côté Gold Project to SMM:
 
Notes
 
Gross sale consideration
 
$
195.0

Less:
 
 
Sale of a 30% interest in the Côté Gold Project
 
(167.6
)
Transaction costs
 
(6.4
)
Time value discount on long-term receivable
 
(1.8
)
Gain on sale of a 30% interest in the Côté Gold Project
25
$
19.2

v3.8.0.1
SHORT-TERM INVESTMENTS (Tables)
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
Schedule Of Short-Term Investments
 
 
September 30,
2017
December 31,
2016
Money market funds1
 
$
224.3

$

Other
 
2.7


 
 
$
227.0

$

1
Money market funds are comprised of short-term fund investments with redemption notice periods of 95 or 185 days.
v3.8.0.1
RECEIVABLES AND OTHER CURRENT ASSETS (Tables)
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
Components of receivables and other current assets
 
Notes
September 30,
2017
December 31,
2016
Gold receivables
 
$
1.5

$
2.7

Receivables from governments1
 
33.6

40.4

Receivables from related parties
29
0.1

1.2

Other receivables
 
4.9

4.9

Total receivables
 
40.1

49.2

Marketable securities and warrants
 

0.2

Prepaid expenses
 
6.0

7.2

Derivatives
19(a)
10.7

4.4

 
 
$
56.8

$
61.0

1
Receivables from governments relate primarily to value added tax.
v3.8.0.1
INVENTORIES (Tables)
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
Disclosure of Current and Non-Current Inventories
 
Notes
September 30,
2017
December 31,
2016
Finished goods
 
$
59.4

$
49.1

Ore stockpiles
 
5.3

9.1

Mine supplies
 
144.8

149.7

 
 
209.5

207.9

Ore stockpiles included in other non-current assets
13
167.6

156.0

 
 
$
377.1

$
363.9

v3.8.0.1
INVESTMENTS IN ASSOCIATES AND INCORPORATED JOINT VENTURES (Tables)
9 Months Ended
Sep. 30, 2017
Interests In Other Entities [Abstract]  
Disclosure of Associates
 
 
Associates1
Sadiola2
Yatela2
Total
Balance, January 1, 2016
 
$
7.4

$
49.2

$

$
56.6

Currency translation adjustment
 
(0.3
)


(0.3
)
Share of net earnings (loss), net of income taxes
 
(0.8
)
9.0

(2.1
)
6.1

Share of net loss recorded as provision
 


2.1

2.1

Share of dividends received
 

(11.3
)

(11.3
)
Disposal3
 
(0.6
)


(0.6
)
Balance, December 31, 2016
 
5.7

46.9


52.6

Purchase of additional shares of associate4
 
7.4



7.4

Currency translation adjustment

1.4



1.4

Share of net earnings (loss), net of income taxes
 
(1.1
)
11.3


10.2

Share of dividends received


(2.1
)

(2.1
)
Acquisition of control over associate5
 
(4.8
)


(4.8
)
Balance, September 30, 2017
 
$
8.6

$
56.1

$

$
64.7

1
IAMGOLD includes results based on the latest publicly available information.
2
The Company's incorporated joint ventures are not publicly listed.
3
On March 16, 2016, the Company disposed of its 41% ownership interest in Galane Gold Ltd. ("Galane") which had a carrying amount of $0.6 million on the date of disposal for cash proceeds of $0.2 million. The resulting loss of $0.4 million, net of transaction costs, was recognized in Interest income and derivatives and other investment gains in the Consolidated statements of earnings (note 25).
4
Associates include INV Metals Inc. ("INV Metals"), a publicly traded company incorporated in Canada, and Merrex prior to February 28, 2017 (note 4). The Company's ownership interest in INV Metals as at September 30, 2017 was 35.6% (December 31, 2016 - 35.6%). On March 2, 2017, the Company participated in INV Metals' common shares public equity offering and acquired an additional 9.8 million common shares of INV Metals at a price of C$1.00 per share for an aggregate amount of $7.4 million (C$9.8 million). This acquisition allowed the Company to maintain a 35.6% ownership in INV Metals.
5
On February 28, 2017, Merrex became a 100% subsidiary of the Company (note 4). As a result, the Company accounted for Merrex under the consolidation method as at February 28, 2017. The Company previously accounted for Merrex as an associate, using the equity method.
Disclosure of joint ventures
 
 
Associates1
Sadiola2
Yatela2
Total
Balance, January 1, 2016
 
$
7.4

$
49.2

$

$
56.6

Currency translation adjustment
 
(0.3
)


(0.3
)
Share of net earnings (loss), net of income taxes
 
(0.8
)
9.0

(2.1
)
6.1

Share of net loss recorded as provision
 


2.1

2.1

Share of dividends received
 

(11.3
)

(11.3
)
Disposal3
 
(0.6
)


(0.6
)
Balance, December 31, 2016
 
5.7

46.9


52.6

Purchase of additional shares of associate4
 
7.4



7.4

Currency translation adjustment

1.4



1.4

Share of net earnings (loss), net of income taxes
 
(1.1
)
11.3


10.2

Share of dividends received


(2.1
)

(2.1
)
Acquisition of control over associate5
 
(4.8
)


(4.8
)
Balance, September 30, 2017
 
$
8.6

$
56.1

$

$
64.7

1
IAMGOLD includes results based on the latest publicly available information.
2
The Company's incorporated joint ventures are not publicly listed.
3
On March 16, 2016, the Company disposed of its 41% ownership interest in Galane Gold Ltd. ("Galane") which had a carrying amount of $0.6 million on the date of disposal for cash proceeds of $0.2 million. The resulting loss of $0.4 million, net of transaction costs, was recognized in Interest income and derivatives and other investment gains in the Consolidated statements of earnings (note 25).
4
Associates include INV Metals Inc. ("INV Metals"), a publicly traded company incorporated in Canada, and Merrex prior to February 28, 2017 (note 4). The Company's ownership interest in INV Metals as at September 30, 2017 was 35.6% (December 31, 2016 - 35.6%). On March 2, 2017, the Company participated in INV Metals' common shares public equity offering and acquired an additional 9.8 million common shares of INV Metals at a price of C$1.00 per share for an aggregate amount of $7.4 million (C$9.8 million). This acquisition allowed the Company to maintain a 35.6% ownership in INV Metals.
5
On February 28, 2017, Merrex became a 100% subsidiary of the Company (note 4). As a result, the Company accounted for Merrex under the consolidation method as at February 28, 2017. The Company previously accounted for Merrex as an associate, using the equity method.
v3.8.0.1
PROPERTY, PLANT AND EQUIPMENT (Tables)
9 Months Ended
Sep. 30, 2017
Property, plant and equipment [abstract]  
Disclosure of property, plant and equipment
 
Construction
in progress
Mining
properties
Plant and
equipment
Total
Cost
 
 
 
 
Balance, January 1, 2016
$
7.9

$
2,133.6

$
1,821.3

$
3,962.8

Additions
34.9

172.1

87.3

294.3

Changes in asset retirement obligations

11.7


11.7

Disposals


(42.6
)
(42.6
)
Transfers within Property, plant and equipment
(40.0
)
19.1

20.9


Balance, December 31, 2016
2.8

2,336.5

1,886.9

4,226.2

Additions
15.3

99.5

57.3

172.1

Changes in asset retirement obligations

(1.0
)

(1.0
)
Disposals

(0.2
)
(25.1
)
(25.3
)
Transfers within Property, plant and equipment
(12.7
)
12.9

(0.2
)

Transfers to Exploration and evaluation assets


(0.5
)
(0.5
)
Balance, September 30, 2017
$
5.4

$
2,447.7

$
1,918.4

$
4,371.5

 
Construction
in progress
Mining
properties
Plant and
equipment
Total
Accumulated Depreciation and Impairment
 
 
 
 
Balance, January 1, 2016
$
3.5

$
1,383.0

$
722.5

$
2,109.0

Depreciation expense1

98.5

187.5

286.0

Disposals


(37.0
)
(37.0
)
Transfers within Property, plant and equipment
(3.5
)

3.5


Balance, December 31, 2016

1,481.5

876.5

2,358.0

Depreciation expense1

79.8

132.6

212.4

Disposals


(22.8
)
(22.8
)
Reversal of impairment charges2

(124.1
)

(124.1
)
Balance, September 30, 2017
$

$
1,437.2

$
986.3

$
2,423.5

Carrying amount, December 31, 2016
$
2.8

$
855.0

$
1,010.4

$
1,868.2

Carrying amount, September 30, 2017
$
5.4

$
1,010.5

$
932.1

$
1,948.0

1
Excludes depreciation expense related to Corporate assets, which is included in General and administrative expenses.
2
Note 27.
 
Notes
September 30,
2017
December 31,
2016
Balance, beginning of the period
 
$
169.2

$
155.1

Exploration and evaluation expenditures
 
8.4

14.1

Acquired Merrex exploration and evaluation assets
4
36.6


Reversal of impairment charge
5, 27
400.0


Sale of a 30% interest in the Côté Gold Project
5
(167.3
)

Balance, end of the period
 
$
446.9

$
169.2

v3.8.0.1
EXPLORATION AND EVALUATION ASSETS (Tables)
9 Months Ended
Sep. 30, 2017
Exploration For And Evaluation Of Mineral Resources [Abstract]  
Disclosure of exploration and evaluation assets
 
Construction
in progress
Mining
properties
Plant and
equipment
Total
Cost
 
 
 
 
Balance, January 1, 2016
$
7.9

$
2,133.6

$
1,821.3

$
3,962.8

Additions
34.9

172.1

87.3

294.3

Changes in asset retirement obligations

11.7


11.7

Disposals


(42.6
)
(42.6
)
Transfers within Property, plant and equipment
(40.0
)
19.1

20.9


Balance, December 31, 2016
2.8

2,336.5

1,886.9

4,226.2

Additions
15.3

99.5

57.3

172.1

Changes in asset retirement obligations

(1.0
)

(1.0
)
Disposals

(0.2
)
(25.1
)
(25.3
)
Transfers within Property, plant and equipment
(12.7
)
12.9

(0.2
)

Transfers to Exploration and evaluation assets


(0.5
)
(0.5
)
Balance, September 30, 2017
$
5.4

$
2,447.7

$
1,918.4

$
4,371.5

 
Construction
in progress
Mining
properties
Plant and
equipment
Total
Accumulated Depreciation and Impairment
 
 
 
 
Balance, January 1, 2016
$
3.5

$
1,383.0

$
722.5

$
2,109.0

Depreciation expense1

98.5

187.5

286.0

Disposals


(37.0
)
(37.0
)
Transfers within Property, plant and equipment
(3.5
)

3.5


Balance, December 31, 2016

1,481.5

876.5

2,358.0

Depreciation expense1

79.8

132.6

212.4

Disposals


(22.8
)
(22.8
)
Reversal of impairment charges2

(124.1
)

(124.1
)
Balance, September 30, 2017
$

$
1,437.2

$
986.3

$
2,423.5

Carrying amount, December 31, 2016
$
2.8

$
855.0

$
1,010.4

$
1,868.2

Carrying amount, September 30, 2017
$
5.4

$
1,010.5

$
932.1

$
1,948.0

1
Excludes depreciation expense related to Corporate assets, which is included in General and administrative expenses.
2
Note 27.
 
Notes
September 30,
2017
December 31,
2016
Balance, beginning of the period
 
$
169.2

$
155.1

Exploration and evaluation expenditures
 
8.4

14.1

Acquired Merrex exploration and evaluation assets
4
36.6


Reversal of impairment charge
5, 27
400.0


Sale of a 30% interest in the Côté Gold Project
5
(167.3
)

Balance, end of the period
 
$
446.9

$
169.2

v3.8.0.1
OTHER NON-CURRENT ASSETS (Tables)
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
Schedule of Other Non-Current Assets
 
Notes
September 30,
2017
December 31,
2016
Ore stockpiles
9
$
167.6

$
156.0

Loan receivable from related party
29
35.9

31.3

Marketable securities and warrants
19(a)
30.1

21.7

Advances for the purchase of capital equipment
 
7.5

19.9

Bond fund investments
19(a)
2.7

5.9

Royalty interests
 
5.6

5.6

Long-term prepayment1
 
4.9


Derivatives
 
3.6

4.1

Other
 
4.6

5.2

 
 
$
262.5

$
249.7


1
On March 6, 2017, the Company signed an agreement with a third-party for the construction of a solar power plant to deliver power to the Essakane mine for a period of 15 years, upon completion of construction expected in December 2017. During the second quarter 2017, the Company issued a prepayment of $4.9 million to the third-party, which will be applied as a credit towards the purchase of solar power from the third- party, over a period of 12 years. The agreement may be terminated by either party if certain conditions are not met. Upon completion of construction of the solar power plant, the Company will account for this arrangement as a finance lease.
v3.8.0.1
PROVISIONS (Tables)
9 Months Ended
Sep. 30, 2017
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]  
Disclosure of Provisions
 
September 30,
2017
December 31,
2016
Asset retirement obligations
$
280.6

$
285.1

Yatela loss provision
15.0

15.0

Other
7.0

5.5

 
$
302.6

$
305.6

 




Current portion of provisions
$
21.0

$
15.8

Non-current provisions
281.6

289.8

 
$
302.6

$
305.6

v3.8.0.1
OTHER LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2017
Subclassifications of assets, liabilities and equities [abstract]  
Components of other liabilities
 
Notes
September 30,
2017
December 31,
2016
Finance lease liabilities
19(b)
$
0.1

$
0.1

Derivatives
19(a)
0.1

2.0

Other liabilities
5
2.9


 
 
$
3.1

$
2.1

Current other liabilities
 
$
0.1

$
2.1

Non-current other liabilities
 
3.0


 
 
$
3.1

$
2.1

v3.8.0.1
LONG-TERM DEBT AND CREDIT FACILITIES (Tables)
9 Months Ended
Sep. 30, 2017
Financial Instruments [Abstract]  
Contractual maturities of notes
The following are the contractual maturities related to the Notes, including interest payments:
 
Payments due by period
Notes balance as at
Carrying amount1
Contractual cash flows
<1 yr
1-2 yrs
3-5 yrs
>5 yrs
September 30, 2017
$
400.0

$
625.2

$
29.2

$
56.0

$
56.0

$
484.0

December 31, 2016
$
489.1

$
621.1

$
33.0

$
66.0

$
522.1

$

1
The carrying amount of the long-term debt excludes unamortized deferred transaction costs of the Notes of $6.0 million as at September 30, 2017 (December 31, 2016$4.0 million). The carrying amount of the long-term debt also excludes the embedded derivative classified as a financial asset at fair value through profit or loss (note 18(c)).
v3.8.0.1
FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2017
Financial Instruments [Abstract]  
Financial assets measured at fair value
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Proceeds from sale of marketable securities
$
7.4

$

$
7.7

$
0.1

Acquisition date fair value of marketable securities sold
(2.3
)

(2.4
)
(2.1
)
Gain (loss) on sale of marketable securities recorded in OCI
$
5.1

$

$
5.3

$
(2.0
)
Disclosure of detailed information about hedging instruments
Additional information on hedging instruments and hedged forecast transactions related to currency exchange rate risk as at September 30, 2017 and December 31, 2016 were as follows:
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at September 30, 2017
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Canadian option contracts
$
7.4

$

$
6.1

$
6.1

$
(6.1
)
Euro option contracts
4.6


3.2

3.2

(3.2
)
 
$
12.0

$

$
9.3

$
9.3

$
(9.3
)
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at December 31, 2016
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged
items
Canadian option contracts
$
2.1

$

$
0.2

$
0.2

$
(0.2
)
Euro option contracts
0.2

(2.0
)
(0.4
)
(0.4
)
0.4

 
$
2.3

$
(2.0
)
$
(0.2
)
$
(0.2
)
$
0.2

 
Gain (loss) recognized in cash flow hedge reserve
(Gain) loss reclassified or adjusted from cash flow hedge reserve
 
Three months ended September 30, 2017
Nine months ended September 30, 2017
Three months ended September 30, 2017
Nine months ended September 30, 2017
Exchange rate risk
 
 
 
 
Canadian dollar option contracts
$
6.0

$
7.5

$
(1.4
)
$
(1.5
)
Euro option contracts
2.8

4.6

(1.1
)
(1.1
)
Crude oil option contracts

0.1



 
8.8

12.2

(2.5
)
(2.6
)
Time value of option contracts excluded from hedge relationship
(1.7
)
(4.4
)


 
$
7.1

$
7.8

$
(2.5
)
$
(2.6
)
 
Gain (loss) recognized in cash flow hedge reserve
(Gain) loss reclassified or adjusted from cash flow hedge reserve
 
Three months ended September 30, 2016
Nine months ended September 30, 2016
Three months ended September 30, 2016
Nine months ended September 30, 2016
Exchange rate risk
 
 
 
 
Canadian dollar option contracts
$
(2.3
)
$
0.5

$
1.2

$
4.8

Euro option contracts

1.8

(0.4
)
(1.2
)
Crude oil option contracts
(2.4
)
3.6


1.7

 
(4.7
)
5.9

0.8

5.3

Time value of option contracts excluded from hedge relationship
(2.0
)
(1.4
)


 
$
(6.7
)
$
4.5

$
0.8

$
5.3

 
(Gain) loss reclassified from cash flow hedge reserve to:
(Gain) loss reclassified from cash flow hedge reserve to:
 
Three months ended September 30, 2017
Three months ended September 30, 2016
Nine months ended September 30, 2017
Nine months ended September 30, 2016
Consolidated balance sheets
 
 
 
 
Property, plant and equipment
$
(0.6
)
$
(0.1
)
$
(0.6
)
$
0.1

Consolidated statements of earnings
 
 


 
Cost of sales
(1.6
)
0.6

(1.6
)
3.6

General and administrative expenses
(0.3
)
0.3

(0.4
)
1.6

Total
$
(2.5
)
$
0.8

$
(2.6
)
$
5.3

Additional information on hedging instruments and hedged forecast transactions related to oil and fuel market price risk as at September 30, 2017 and December 31, 2016 were as follows:
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at September 30, 2017
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Brent crude oil option contracts
$
1.9

$

$

$

$

WTI crude oil option contracts
0.4

(0.1
)



 
$
2.3

$
(0.1
)
$

$

$

 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at December 31, 2016
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Brent crude oil option contracts
$
4.0

$

$

$

$

WTI crude oil option contracts
2.2





 
$
6.2

$

$

$

$

Disclosure of terms and conditions of outstanding derivative contracts
As at September 30, 2017, the Company’s outstanding crude oil derivative contracts, which qualified for hedge accounting, and the periods in which the cash flows are expected to occur and impact the Consolidated statements of earnings, are as follows:
 
2017

2018

2019

2020

Total

Brent crude oil option contracts (barrels)1
130

488

366

243

1,227

Option contracts with strike prices at ($/barrel)
602

42-603

44-603

50-623

 
WTI crude oil option contracts (barrels)1
99

390

306

207

1,002

Option contracts with strike prices at ($/barrel)
602

36-603

42-603

45-553

 
1
Quantities of barrels are in thousands.
2
The Company purchased call options with a strike price of $60. If crude oil prices are greater than the call strike price in 2017, the Company will benefit from the margin between the higher market price and the set call strike price.
3
The Company purchased Brent and WTI collar options with strike prices within the given range in 2018, 2019 and 2020. If Brent and WTI market prices are below the low end of the range in 2018, 2019 and 2020, the Company will incur a loss from the margin between the lower market price and the set put strike price. If Brent and WTI are above the high end of the range of the call strike price in 2018, 2019 and 2020, the Company will benefit from the margin between the higher market price and the set call strike price.
As at September 30, 2017, the Company's outstanding derivative contracts which qualified for hedge accounting and the periods in which the cash flows are expected to occur and impact the Consolidated statements of earnings, are as follows:
 
2017

2018

Total

Cash flow hedges
 
 
 
Exchange rate risk
 
 
 
   Canadian dollar option contracts (millions of C$)
51

155

206

   Contract rate range ($/C$)
1.30-1.401

1.30-1.452



   Euro option contracts (millions of €)
32

93

125

Contract rate range (€/$)
1.00-1.203

1.08-1.193



1
The Company purchased three types of Canadian dollar options in 2017, which consist of U.S. dollar put options at a strike price of $1.30, U.S. dollar put options at a strike price of $1.35, and collar options in the range of $1.30 and $1.40. The Company will benefit from the margin between the lower market price and the set U.S. dollar put strike price of $1.30 and $1.35. If U.S dollar to C$ market prices are above the $1.40 call strike prices in 2017, the Company will incur a loss from the margin between the higher market price and the $1.40 call strike price.
2
The Company purchased Canadian dollar collar options with strike prices within the given range in 2018. If U.S dollar to C$ market prices are below the low end of the range of the U.S. dollar put strike prices in 2018, the Company will benefit from the margin between the lower market price and the set put strike price. If U.S dollar to C$ market prices are above the high end of the range of the U.S. dollar call strike prices in 2018, the Company will incur a loss from the margin between the higher market price and the set call strike price.
3
The Company purchased Euro collar options with strike prices within the given range in 2017 and 2018. If EUR to U.S. dollar market prices are below the low end of the range in 2017 or 2018, the Company will incur a loss from the margin between the lower market price and the set put strike price. If EUR to U.S. dollar market prices are above the high end of the range of the call strike price in 2017 or 2018, the Company will benefit from the margin between the higher market price and the set call strike price.

Disclosure of detailed information about hedged items
Additional information on hedging instruments and hedged forecast transactions related to currency exchange rate risk as at September 30, 2017 and December 31, 2016 were as follows:
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at September 30, 2017
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Canadian option contracts
$
7.4

$

$
6.1

$
6.1

$
(6.1
)
Euro option contracts
4.6


3.2

3.2

(3.2
)
 
$
12.0

$

$
9.3

$
9.3

$
(9.3
)
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at December 31, 2016
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged
items
Canadian option contracts
$
2.1

$

$
0.2

$
0.2

$
(0.2
)
Euro option contracts
0.2

(2.0
)
(0.4
)
(0.4
)
0.4

 
$
2.3

$
(2.0
)
$
(0.2
)
$
(0.2
)
$
0.2

Additional information on hedging instruments and hedged forecast transactions related to oil and fuel market price risk as at September 30, 2017 and December 31, 2016 were as follows:
 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at September 30, 2017
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Brent crude oil option contracts
$
1.9

$

$

$

$

WTI crude oil option contracts
0.4

(0.1
)



 
$
2.3

$
(0.1
)
$

$

$

 
Carrying amount
 
Fair value changes used for calculating hedge ineffectiveness
As at December 31, 2016
Assets
Liabilities
Accumulated cash flow hedge fair value reserve (before tax)
Hedging instruments
Hedged items
Brent crude oil option contracts
$
4.0

$

$

$

$

WTI crude oil option contracts
2.2





 
$
6.2

$

$

$

$

Disclosure of detailed information about non-hedge derivatives
 
 
Three months ended September 30,
Nine months ended September 30,
 
Notes
2017
2016
2017
2016
Embedded derivative
17(a)
$
3.7

$

$
5.3

$

Warrants
 
0.5

1.3

0.1

5.3

 
25
$
4.2

$
1.3

$
5.4

$
5.3

v3.8.0.1
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Measurement [Abstract]  
Fair value measurement of assets
As at September 30, 2017, the Company’s fair value of financial assets and liabilities were as follows:
 
September 30, 2017
December 31, 2016
 
Carrying Amount
Level 1
Level 2
Level 3
Total Fair Value
Total Fair Value
Assets
 
 
 
 
 
 
Cash and cash equivalents
$
583.6

$
583.6

$

$

$
583.6

$
652.0

Restricted cash
24.7

24.7



24.7

110.7

Short-term investments
227.0

227.0



227.0


Marketable securities and warrants
30.1

25.0

5.1


30.1

21.9

Bond fund investments
2.7

2.7



2.7

5.9

Derivatives
 
 
 
 
 
 
Currency contracts
12.0


12.0


12.0

2.3

Crude oil contracts
2.3


2.3


2.3

6.2

Embedded derivative
9.5


9.5


9.5


 
$
891.9

$
863.0

$
28.9

$

$
891.9

$
799.0

Liabilities
 
 
 
 
 

Derivatives






Currency contracts
$

$

$

$

$

$
(2.0
)
Crude oil contracts
(0.1
)

(0.1
)

(0.1
)

6.75% Senior unsecured notes





(474.0
)
Long-term debt - 7% Senior notes
(400.0
)
(421.8
)


(421.8
)

 
$
(400.1
)
$
(421.8
)
$
(0.1
)
$

$
(421.9
)
$
(476.0
)
Fair value measurement of liabilities
As at September 30, 2017, the Company’s fair value of financial assets and liabilities were as follows:
 
September 30, 2017
December 31, 2016
 
Carrying Amount
Level 1
Level 2
Level 3
Total Fair Value
Total Fair Value
Assets
 
 
 
 
 
 
Cash and cash equivalents
$
583.6

$
583.6

$

$

$
583.6

$
652.0

Restricted cash
24.7

24.7



24.7

110.7

Short-term investments
227.0

227.0



227.0


Marketable securities and warrants
30.1

25.0

5.1


30.1

21.9

Bond fund investments
2.7

2.7



2.7

5.9

Derivatives
 
 
 
 
 
 
Currency contracts
12.0


12.0


12.0

2.3

Crude oil contracts
2.3


2.3


2.3

6.2

Embedded derivative
9.5


9.5


9.5


 
$
891.9

$
863.0

$
28.9

$

$
891.9

$
799.0

Liabilities
 
 
 
 
 

Derivatives






Currency contracts
$

$

$

$

$

$
(2.0
)
Crude oil contracts
(0.1
)

(0.1
)

(0.1
)

6.75% Senior unsecured notes





(474.0
)
Long-term debt - 7% Senior notes
(400.0
)
(421.8
)


(421.8
)

 
$
(400.1
)
$
(421.8
)
$
(0.1
)
$

$
(421.9
)
$
(476.0
)
v3.8.0.1
SHARE CAPITAL (Tables)
9 Months Ended
Sep. 30, 2017
Share Capital, Reserves And Other Equity Interest [Abstract]  
Outstanding common stock rollforward
 
 
Nine months ended
September 30,
Number of common shares (in millions)
Notes
2017
2016
Outstanding, beginning of the period
 
453.8

393.4

Equity issuance
4
6.9

44.7

Issuance of flow-through common shares
 
3.4

12.0

Issuance of shares for share-based compensation
 
0.8

0.6

Outstanding, end of period
 
464.9

450.7

v3.8.0.1
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2017
Earnings per share [abstract]  
Earnings (loss) per share computations
Basic earnings per share computation
 
Three months ended
 September 30,
Nine months ended
September 30,
 
2017
2016
2017
2016
Numerator
 
 
 
 
Net earnings attributable to equity holders of IAMGOLD
$
30.8

$
17.0

$
519.3

$
57.9

Denominator (in millions)




Weighted average number of common shares (basic)
464.7

428.3

462.3

410.3

Basic earnings attributable to equity holders of IAMGOLD ($/share)
$
0.07

$
0.04

$
1.12

$
0.14

Diluted earnings per share computation
 
Three months ended
 September 30,
Nine months ended
September 30,
 
2017
2016
2017
2016
Denominator (in millions)
 
 
 
 
Weighted average number of common shares (basic)
464.7

428.3

462.3

410.3

Dilutive effect of share options
1.2

1.0

1.2

0.4

Dilutive effect of restricted share units
3.4

2.9

3.2

2.5

Weighted average number of common shares (diluted)
469.3

432.2

466.7

413.2

Diluted earnings attributable to equity holders of IAMGOLD ($/share)
$
0.07

$
0.04

$
1.11

$
0.14

Equity instruments excluded from the computation of diluted earnings per share, which could be dilutive in the future, were as follows:
 
 
Three months ended
 September 30,
Nine months ended
September 30,
(in millions)
Notes
2017
2016
2017
2016
Share options
 
2.6

3.0

2.6

4.1

Contingently issuable shares
20
3.1

3.1

3.1

3.1

 
 
5.7

6.1

5.7

7.2

 
v3.8.0.1
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2017
Share-Based Payment Arrangements [Abstract]  
Share option award plan
Nine months ended September 30, 2017
Share
options
(in millions)

Weighted average exercise price 
(C$/share)1

Outstanding, beginning of the period
6.0

$
7.79

Granted
1.6

5.24

Exercised
(0.2
)
5.26

Forfeited
(0.5
)
12.22

Outstanding, end of the period
6.9

$
7.03

Exercisable, end of the period
3.4

$
9.72

1
Exercise prices are denominated in Canadian dollars. The exchange rate at September 30, 2017 between the U.S. dollar and Canadian dollar was
$0.7992/C$.
Weighted average inputs used in determining the fair value of the options granted
The following were the weighted average inputs to the Black-Scholes model used in determining the fair value of the options granted. The estimated fair value of the options is expensed over their expected life.
Nine months ended September 30, 2017
 
Weighted average risk-free interest rate
1.1
%
Weighted average expected volatility1
66
%
Weighted average dividend yield
0.00
%
Weighted average expected life of options issued (years)
5.0

Weighted average grant-date fair value (C$ per share)
$
2.89

Weighted average share price at grant date (C$ per share)
$
5.24

Weighted average exercise price (C$ per share)
$
5.24

1
Expected volatility is estimated by considering historic average share price volatility based on the average expected life of the options.
Full value awards consisting of restricted share units
Full value awards consist of restricted share units.
Nine months ended September 30, 2017 (in millions)
 
Outstanding, beginning of the period
3.7

Granted
2.2

Issued
(0.6
)
Forfeited
(0.7
)
Outstanding, end of the period
4.6

Weighted average inputs used in determining fair value of restricted share units
The following were the weighted average inputs to the Black-Scholes model used in determining the fair value of the restricted share units granted. The estimated fair value of the awards is expensed over their vesting period.
Nine months ended September 30, 2017
 
Weighted average risk-free interest rate
0.8
%
Weighted average expected volatility1
72
%
Weighted average dividend yield
0.00
%
Weighted average expected life of RSUs issued (years)
2.8

Weighted average grant-date fair value (C$ per share)
$
5.24

Weighted average share price at grant date (C$ per share)
$
5.24

1
Expected volatility is estimated by considering historic average share price volatility based on the average expected life of the restricted share units.
v3.8.0.1
COST OF SALES (Tables)
9 Months Ended
Sep. 30, 2017
Analysis of income and expense [abstract]  
Components of cost of sales
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Operating costs1 
$
154.5

$
147.4

$
461.9

$
425.9

Royalties
11.1

13.5

32.9

32.5

Depreciation expense2
62.3

69.3

197.2

193.1

 
$
227.9

$
230.2

$
692.0

$
651.5

1
Operating costs include mine production, transport and smelter costs, and site administrative expenses.
2
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.
v3.8.0.1
FINANCE COSTS (Tables)
9 Months Ended
Sep. 30, 2017
Borrowing costs [abstract]  
Components of financing costs
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Interest expense
$
0.9

$
5.9

$
6.8

$
19.9

Credit facility fees
0.9

0.4

2.1

1.2

Accretion expense
0.3


0.7

0.6

 
$
2.1

$
6.3

$
9.6

$
21.7

v3.8.0.1
INTEREST INCOME AND DERIVATIVES AND OTHER INVESTMENT GAINS (Tables)
9 Months Ended
Sep. 30, 2017
Analysis of income and expense [abstract]  
Schedule of Interest Income and Derivatives and Other Investment Gains
 
 
Three months ended September 30,
Nine months ended September 30,
 
Notes
2017
2016
2017
2016
Interest income
 
$
2.5

$
0.8

$
6.4

$
1.9

Gain on embedded derivative and warrants
18(c)
4.2

1.3

5.4

5.3

Gain on sale of a 30% interest in the Côté Gold Project
5


19.2


Amortization of gains related to flow-through common shares
20
0.2

1.2

3.5

3.3

Loss on redemption of 6.75% Senior unsecured notes
17(a)


(20.2
)

Gain on purchase of 6.75% Senior unsecured notes
17(a)

4.0


4.0

Write-down of receivables
 

(1.5
)


Gain on sale of gold bullion
 



72.9

Other gains (losses)
 
0.4

(0.3
)
0.5

1.3

 
 
$
7.3

$
5.5

$
14.8

$
88.7

v3.8.0.1
CASH FLOW ITEMS (Tables)
9 Months Ended
Sep. 30, 2017
Cash Flow Statement [Abstract]  
Schedule of Other Non-cash Items, Operating Activities
Adjustments for other non-cash items within operating activities
 
 
Three months ended September 30,
Nine months ended September 30,
 
Notes
2017
2016
2017
2016
Share-based compensation
 
$
1.3

$
1.1

$
4.4

$
3.6

Amortization of gains related to flow-through common shares
25
(0.2
)
(1.2
)
(3.5
)
(3.3
)
Changes in estimates of asset retirement obligations at closed sites
 
(2.2
)

(0.9
)
3.3

Gain on derivatives
 
(6.1
)
(0.8
)
(7.3
)
(1.3
)
Gain on purchase of 6.75% senior unsecured notes
25

(4.0
)

(4.0
)
Write-down of assets

0.2

1.3

1.5

4.1

Other
 
0.8

(0.6
)
0.7

0.5

 
 
$
(6.2
)
$
(4.2
)
$
(5.1
)
$
2.9

Schedule of Changes in Non-cash Working Capital Items and Non-current Ore Stockpiles
Movements in non-cash working capital items and non-current ore stockpiles
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Receivables and other current assets
$
7.8

$
6.6

$
10.1

$
(0.5
)
Inventories and non-current ore stockpiles
(19.8
)
1.9

(20.6
)
7.4

Accounts payable and accrued liabilities
15.5

6.0

14.8

15.5

 
$
3.5

$
14.5

$
4.3

$
22.4

Schedule of Other Investing Activities
Other investing activities
 
 
Three months ended September 30,
Nine months ended September 30,
 
Notes
2017
2016
2017
2016
Disposal (acquisition) of investments
 
$
0.7

$
1.5

$
1.1

$
(2.0
)
Advances to related parties
29
(3.0
)
(0.6
)
(5.3
)
(2.4
)
Repayments from related parties
29
0.3

0.2

0.8

2.3

Other
 

0.2

0.1

0.9

 
 
$
(2.0
)
$
1.3

$
(3.3
)
$
(1.2
)
Schedule of Other Financing Activities
Other financing activities
 
Three months ended September 30,
Nine months ended September 30,
 
2017
2016
2017
2016
Repayment of finance lease liabilities
$

$
(0.1
)
$

$
(1.0
)
Dividends paid to non-controlling interests
(2.0
)

(3.1
)
(1.5
)
Other finance costs
(1.6
)
(0.5
)
(2.5
)
(2.8
)
 
$
(3.6
)
$
(0.6
)
$
(5.6
)
$
(5.3
)
Schedule of Reconciliation of Long-term Debt Arising from Financing Activities
Reconciliation of long-term debt arising from financing activities     
 
Notes
 
Balance, December 31, 2016
 
$
485.1

Net proceeds from issuance of senior notes
17(a)
393.6

Non-cash changes:
 


     Amortization of deferred financing charges
 
0.7

     Change in fair value of embedded derivative
18(c)
(5.3
)
     Loss on redemption of 6.75% Senior unsecured notes
17(a)
20.2

Cash changes:
 


     Repayment of 6.75% Senior unsecured notes
17(a)
(505.6
)
 Balance, September 30, 2017
 
$
388.7

v3.8.0.1
REVERSAL OF IMPAIRMENT CHARGES (Tables)
9 Months Ended
Sep. 30, 2017
Impairment Of Assets [Abstract]  
Disclosure of reversal of impairment loss


Three months ended September 30,
Nine months ended September 30,

Notes
2017
2016
2017
2016
Suriname CGU1









Property, plant and equipment
11
$

$

$
124.1

$

Côté Gold Project









Exploration and evaluation assets
12


400.0




$

$

$
524.1

$

1 The Suriname CGU consists of Rosebel Gold Mines N.V. and Euro Ressources S.A.
v3.8.0.1
COMMITMENTS (Tables)
9 Months Ended
Sep. 30, 2017
Commitments [Abstract]  
Disclosure of commitments and payments due by period
 
September 30, 2017
December 31, 2016
Purchase obligations
$
78.2

$
53.2

Capital expenditure obligations
26.3

4.6

Operating leases
18.1

4.3

 
$
122.6

$
62.1


Commitments – payments due by period
 
Payments due by period
As at September 30, 2017
Total
<1 yr
1-2 yrs
3-5 yrs
>5 yrs
Purchase obligations
$
78.2

$
71.9

$
5.7

$
0.4

$
0.2

Capital expenditure obligations
26.3

22.5

3.8



Operating leases
18.1

1.5

10.1

6.5


 
$
122.6

$
95.9

$
19.6

$
6.9

$
0.2

v3.8.0.1
RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2017
Related Party [Abstract]  
Disclosure of transactions between related parties
The Company had the following related party transactions included in Receivables and other current assets and in Other non-current assets in the Consolidated balance sheets:
 
 
Three months ended September 30,
Nine months ended September 30,
 
 
2017
2016
2017
2016
Sadiola and Yatela (Non-interest bearing)
 
 
 
 
 
 Balance, beginning of the period
 
$
0.2

$

$
0.2

$
0.2

  Advances
 
0.2


0.7


  Repayments
 
(0.3
)

(0.8
)
(0.2
)
Balance, end of the period1
 
$
0.1

$

$
0.1

$

Sadiola Sulphide Project (LIBOR plus 2%)2
 
 
 
 


  Balance, beginning of the period
 
$
33.1

$
30.2

$
31.3

$
29.3

  Advances
 
2.8

0.3

4.6

1.2

Balance, end of the period1
 
$
35.9

$
30.5

$
35.9

$
30.5

1
Balances as of December 31, 2016 for Sadiola and Yatela and for the Sadiola Sulphide Project were $0.2 million and $31.3 million, respectively.
2
These advances were part of an extended loan agreement, reached in the fourth quarter of 2016, for the Sadiola Sulphide Project, and are to be repaid on the earlier of December 31, 2020 or, at such time as Sadiola has sufficient free cash flow.
v3.8.0.1
SEGMENTED INFORMATION (Tables)
9 Months Ended
Sep. 30, 2017
Operating Segments [Abstract]  
Disclosure of operating segments
 
September 30, 2017
December 31, 2016
 
Total non-
current
assets
Total
assets
Total
liabilities
Total non-
current
assets
Total
assets
Total
liabilities
Gold mines
 
 
 
 
 
 
Burkina Faso
$
842.4

$
1,065.2

$
193.3

$
883.4

$
1,099.6

$
189.9

Suriname
615.3

799.0

247.6

512.8

667.3

198.1

Canada
691.1

713.8

188.5

675.0

783.7

195.8

Total gold mines
2,148.8

2,578.0

629.4

2,071.2

2,550.6

583.8

Exploration and evaluation
433.7

476.0

6.8

163.1

193.2

8.4

Corporate1
276.0

881.4

446.4

153.3

656.7

537.2

Total per consolidated financial statements
$
2,858.5

$
3,935.4

$
1,082.6

$
2,387.6

$
3,400.5

$
1,129.4

Incorporated joint ventures (Mali)2
$
127.3

$
173.0

$
147.9

$
116.5

$
160.2

$
144.1

1
The carrying amount of the Investment in incorporated joint ventures is included in the corporate segment as non-current assets.
2
The breakdown of the financial information for the incorporated joint ventures has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess performance of the incorporated joint ventures and to make resource allocation decisions.
Three months ended September 30, 2017
 
Consolidated statement of earnings information
 
 
Revenues
Cost of
sales1
Depreciation
expense7
General 
and
administrative2
Exploration
Impairments (reversals)
Other
Earnings
(loss) from
operations
Net capital
expenditures
3
Gold mines
 
 
 
 
 
 
 
 
 
Burkina Faso
$
130.2

$
82.2

$
31.0

$

$

$

$

$
17.0

$
16.8

Suriname
97.1

57.5

20.0


0.1


0.4

19.1

13.2

Canada
41.4

25.9

10.5




(2.0
)
7.0

14.0

Total gold mines excluding incorporated joint ventures
268.7

165.6

61.5


0.1


(1.6
)
43.1

44.0

Exploration and evaluation4




6.5


0.1

(6.6
)
0.5

Corporate5
0.1


0.8

8.9




(9.6
)
0.2

Total per consolidated financial statements
268.8

165.6

62.3

8.9

6.6


(1.5
)
26.9

44.7

Incorporated joint ventures (Mali)6
19.6

13.9

0.4


0.5



4.8

2.4

 
$
288.4

$
179.5

$
62.7

$
8.9

$
7.1

$

$
(1.5
)
$
31.7

$
47.1

1
Excludes depreciation expense.
2
Includes depreciation expense relating to Corporate and Exploration and evaluation assets.
3
Includes cash expenditures for Property, plant and equipment, Exploration and evaluation assets, and finance lease payments.
4
Closed site costs on Exploration and evaluation properties included in other operating costs.
5
Includes earnings from royalty interests.
6
Net earnings from incorporated joint ventures are included in a separate line in the Consolidated statements of earnings. The breakdown of the financial information has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess its performance and to make resource allocation decisions.
7
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.
Three months ended September 30, 2016
 
Consolidated statement of earnings information
 
 
Revenues
Cost of
sales1
Depreciation
expense7
General
and
administrative2
Exploration
Impairments (reversals)
Other
Earnings
(loss) from
operations
Net capital
expenditures
3
Gold mines
 
 
 
 
 
 
 
 
 
Burkina Faso
$
167.6

$
84.6

$
32.3

$

$

$

$
0.9

$
49.8

$
16.9

Suriname
92.2

53.4

21.7


1.2


0.2

15.7

34.2

Canada
22.4

21.6

14.2




0.3

(13.7
)
20.9

Total gold mines excluding incorporated joint ventures
282.2

159.6

68.2


1.2


1.4

51.8

72.0

Exploration and evaluation4


0.1

0.1

5.3



0.1

(5.6
)
0.4

Corporate5
0.2

1.3

1.0

9.9



0.4

(12.4
)
0.1

Total per consolidated financial statements
282.4

160.9

69.3

10.0

6.5


1.9

33.8

72.5

Incorporated Joint ventures (Mali)6
21.2

17.8

0.3


0.2



2.9

1.1

 
$
303.6

$
178.7

$
69.6

$
10.0

$
6.7

$

$
1.9

$
36.7

$
73.6

1
Excludes depreciation expense.
2
Includes depreciation expense relating to Corporate and Exploration and evaluation assets.
3
Includes cash expenditures for Property, plant and equipment, Exploration and evaluation assets, and finance lease payments.
4
Closed site costs on Exploration and evaluation properties included in other operating costs.
5
Includes earnings from royalty interests.
6
Net earnings from incorporated joint ventures are included in a separate line in the Consolidated statements of earnings. The breakdown of the financial information has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess its performance and to make resource allocation decisions.
7
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.

Nine months ended September 30, 2017
 
Consolidated statements of earnings information
 
 
Revenues
Cost of
sales1
Depreciation
expense7
General 
and
administrative2
Exploration
Impairments (reversals)
Other
Earnings
(loss) from
operations
Net capital
expenditures
3
Gold mines
 
 
 
 
 
 
 
 
 
Burkina Faso
$
402.2

$
250.2

$
98.0

$

$

$

$

$
54.0

$
52.5

Suriname
286.3

171.4

63.4


4.9

(116.0
)
2.3

160.3

36.7

Canada
115.0

73.2

33.0




(1.0
)
9.8

47.6

Total gold mines excluding incorporated joint ventures
803.5

494.8

194.4


4.9

(116.0
)
1.3

224.1

136.8

Exploration and evaluation4


0.1

0.1

24.7

(400.0
)
0.3

374.8

1.3

Corporate5
0.3


2.7

27.7


(8.1
)
6.4

(28.4
)
0.4

Total per consolidated financial statements
803.8

494.8

197.2

27.8

29.6

(524.1
)
8.0

570.5

138.5

Incorporated joint ventures (Mali)6
58.7

41.1

1.1


1.1



15.4

5.8

 
$
862.5

$
535.9

$
198.3

$
27.8

$
30.7

$
(524.1
)
$
8.0

$
585.9

$
144.3

1
Excludes depreciation expense.
2
Includes depreciation expense relating to Corporate and Exploration and evaluation assets.
3
Includes cash expenditures for Property, plant and equipment, Exploration and evaluation assets, and finance lease payments.
4
Closed site costs on Exploration and evaluation properties included in other operating costs.
5
Includes earnings from royalty interests.
6
Net earnings from incorporated joint ventures are included in a separate line in the Consolidated statements of earnings. The breakdown of the financial information has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess its performance and to make resource allocation decisions.
7
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.

Nine months ended September 30, 2016
 
Consolidated statements of earnings information
 
 
Revenues
Cost of
sales1
Depreciation
expense7
General
and
administrative2
Exploration
Impairments (reversals)
Other
Earnings
(loss) from
operations
Net capital
expenditures
3
Gold mines
 
 
 
 
 
 
 
 
 
Burkina Faso
$
399.2

$
223.8

$
78.8

$

$

$

$
0.8

$
95.8

$
82.4

Suriname
269.4

169.4

72.9


2.8


3.6

20.7

67.8

Canada
65.4

64.2

38.0




3.6

(40.4
)
69.1

Total gold mines excluding incorporated joint ventures
734.0

457.4

189.7


2.8


8.0

76.1

219.3

Exploration and evaluation4


0.2

0.3

17.8


0.3

(18.6
)
2.7

Corporate5
0.6

1.0

3.2

28.5



1.9

(34.0
)
0.8

Total per consolidated financial statements
734.6

458.4

193.1

28.8

20.6


10.2

23.5

222.8

Incorporated joint ventures (Mali)6
67.5

51.0

2.2


0.5


1.5

12.3

2.7

 
$
802.1

$
509.4

$
195.3

$
28.8

$
21.1

$

$
11.7

$
35.8

$
225.5

1
Excludes depreciation expense.
2
Includes depreciation expense relating to Corporate and Exploration and evaluation assets.
3
Includes cash expenditures for Property, plant and equipment, Exploration and evaluation assets, finance lease payments and is net of proceeds from finance leases.
4
Closed site costs on Exploration and evaluation properties included in other operating costs.
5
Includes earnings from royalty interests.
6
Net earnings from incorporated joint ventures are included in a separate line in the Consolidated statements of earnings. The breakdown of the financial information has been disclosed above as it is reviewed regularly by the Company’s chief operating decision maker to assess its performance and to make resource allocation decisions.
7
Depreciation expense excludes depreciation related to Corporate assets, which is included in General and administrative expenses.

v3.8.0.1
BASIS OF PREPARATION (Details)
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Essakane S.A.    
Disclosure of subsidiaries [line items]    
Ownership interest in subsidiary 90.00% 90.00%
Rosebel Gold Mines N.V.    
Disclosure of subsidiaries [line items]    
Ownership interest in subsidiary 95.00% 95.00%
Doyon division including the Westwood mine    
Disclosure of subsidiaries [line items]    
Ownership interest in subsidiary 100.00% 100.00%
Côté Gold    
Disclosure of subsidiaries [line items]    
Ownership interest in subsidiary 70.00% 100.00%
Euro Ressources S.A.    
Disclosure of subsidiaries [line items]    
Ownership interest in subsidiary 90.00% 90.00%
Merrex Gold Inc.    
Disclosure of subsidiaries [line items]    
Ownership interest in subsidiary 100.00% 23.00%
Société d'Exploitation des Mines d'Or de Sadiola S.A.    
Disclosure of joint ventures [line items]    
Ownership interest in joint venture 41.00% 41.00%
v3.8.0.1
ACQUISITION (Details) - USD ($)
shares in Millions, $ in Millions
Feb. 28, 2017
Feb. 27, 2017
Sep. 30, 2017
Jun. 30, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Dec. 31, 2015
Assets acquired and liabilities assumed                
Exploration and evaluation assets     $ 446.9   $ 169.2      
Current liabilities     (225.2)   (195.5)      
Other non-current liabilities     (3.0)   0.0      
Consideration transferred                
Less: Cash and cash equivalents acquired     $ (583.6) $ (776.2) $ (652.0) $ (627.3) $ (554.2) $ (481.0)
Merrex Gold Inc.                
Assets acquired and liabilities assumed                
Exploration and evaluation assets $ 36.6              
Current liabilities (3.9)              
Other non-current liabilities (0.4)              
Assets acquired (liabilities assumed) 32.3              
Consideration transferred                
Share consideration 27.4              
Less: Cash and cash equivalents acquired (0.1)              
Transaction costs 0.2              
Consideration transferred 27.5              
Assets acquired $ 32.3              
Merrex Gold Inc.                
Disclosure of detailed information about business combination [line items]                
Merrex Siribaya Project ownership percentage   50.00%            
Siribaya Project ownership percentage 100.00% 50.00%            
Number of shares issued as consideration 6.9              
Consideration transferred                
Less: Cash and cash equivalents acquired $ (0.1)              
Transaction costs 0.2              
Consideration transferred $ 27.5              
Initial investment   $ 4.8            
Number of shares held in entity   45.8            
Proportion of ownership interest in associate   23.00%            
v3.8.0.1
DIVESTITURE (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 20, 2017
Jun. 05, 2017
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Disclosure of joint ventures [line items]                
Net proceeds from sale of a 30% interest in the Côté Gold Project     $ 0.0   $ 0.0 $ 96.5 $ 0.0  
Long-term receivable     93.5     93.5   $ 0.0
Reversal of impairment charges     0.0   0.0 524.1 0.0  
Assets     3,935.4     3,935.4   $ 3,400.5
Gain on sale of a 30% interest in the Côté Gold Project     0.0   0.0 19.2 0.0  
Côté Gold                
Disclosure of joint ventures [line items]                
Proportion of ownership interest in joint venture   30.00%            
Ownership interest in joint venture 70.00%              
Exploration and evaluation assets                
Disclosure of joint ventures [line items]                
Reversal of impairment charges     0.0 $ 400.0 $ 0.0 $ 400.0 $ 0.0  
Disposal Of Interest In Cote Gold Project                
Disclosure of joint ventures [line items]                
Proportion of ownership interest in joint venture 30.00%         30.00%    
Sale of ownership interest in joint venture, aggregate consideration $ 195.0              
Net proceeds from sale of a 30% interest in the Côté Gold Project 100.0              
Sale of ownership interest in joint venture, consideration receivable $ 95.0              
Sale of ownership interest in joint venture, consideration receivable terms, period following close date 18 months              
Payments of transaction costs $ 3.5              
Sale of ownership interest in joint venture, consideration receivable, additional transactions costs 2.9              
Long-term receivable     93.5     $ 93.5    
Assets 390.4   $ 391.3     $ 391.3    
Gain on sale of a 30% interest in the Côté Gold Project $ 19.2              
v3.8.0.1
DIVESTITURE - Carrying Amount of Cote Gold Disposal (Details) - USD ($)
$ in Millions
Sep. 30, 2017
Jun. 20, 2017
Dec. 31, 2016
Disclosure of subsidiaries [line items]      
Current assets $ 1,076.9   $ 1,012.9
Exploration and evaluation assets 446.9   169.2
Other assets 262.5   249.7
Current liabilities (225.2)   (195.5)
Other non-current liabilities $ (3.0)   $ 0.0
Disposal Of Interest In Cote Gold Project      
Disclosure of subsidiaries [line items]      
Current assets   $ 0.1  
Exploration and evaluation assets   167.3  
Other assets   0.6  
Current liabilities   (0.1)  
Other non-current liabilities   (0.3)  
Net carrying amount of assets disposed   $ 167.6  
v3.8.0.1
DIVESTITURE - Calculation Of Net Gain On Sale Of Ownership Interest In Joint Venture (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 20, 2017
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Disclosure of subsidiaries [line items]          
Gain on sale of a 30% interest in the Côté Gold Project   $ 0.0 $ 0.0 $ 19.2 $ 0.0
Disposal Of Interest In Cote Gold Project          
Disclosure of subsidiaries [line items]          
Gross sale consideration $ 195.0        
Sale of a 30% interest in the Côté Gold Project (167.6)        
Transaction costs (6.4)        
Time value discount on long-term receivable (1.8)        
Gain on sale of a 30% interest in the Côté Gold Project $ 19.2        
v3.8.0.1
RESTRICTED CASH (Details)
CAD in Millions
Sep. 30, 2017
USD ($)
Sep. 30, 2017
CAD
Dec. 31, 2016
USD ($)
Subclassifications of assets, liabilities and equities [abstract]      
Current restricted cash $ 0   $ 92,000,000
Schedule Of Fair Value, Off-balance Sheet Risks1 [Line Items]      
Non-current restricted cash 24,700,000   18,700,000
Essakane S.A.      
Schedule Of Fair Value, Off-balance Sheet Risks1 [Line Items]      
Non-current restricted cash 19,700,000   13,700,000
Rosebel Gold Mines N.V.      
Schedule Of Fair Value, Off-balance Sheet Risks1 [Line Items]      
Non-current restricted cash 5,000,000   5,000,000
Surety Bond      
Schedule Of Fair Value, Off-balance Sheet Risks1 [Line Items]      
Uncollateralized surety bonds outstanding to guarantee asset retirement obligations related to the Doyon mine $ 98,800,000 CAD 123.6 $ 0
v3.8.0.1
SHORT-TERM INVESTMENTS (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Disclosure of detailed information about financial instruments [line items]    
Short-term investments $ 227.0 $ 0.0
Money market funds    
Disclosure of detailed information about financial instruments [line items]    
Short-term investments 224.3 0.0
Other    
Disclosure of detailed information about financial instruments [line items]    
Short-term investments $ 2.7 $ 0.0
Top of range    
Disclosure of detailed information about financial instruments [line items]    
Redemption notice period 185 days  
Bottom of range    
Disclosure of detailed information about financial instruments [line items]    
Redemption notice period 95 days  
v3.8.0.1
RECEIVABLES AND OTHER CURRENT ASSETS (Details) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Subclassifications of assets, liabilities and equities [abstract]    
Gold receivables $ 1.5 $ 2.7
Receivables from governments 33.6 40.4
Receivables from related parties 0.1 1.2
Other receivables 4.9 4.9
Total receivables 40.1 49.2
Marketable securities and warrants 0.0 0.2
Prepaid expenses 6.0 7.2
Derivatives 10.7 4.4
Receivables and other current assets $ 56.8 $ 61.0
v3.8.0.1
INVENTORIES (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Subclassifications of assets, liabilities and equities [abstract]          
Finished goods $ 59,400,000   $ 59,400,000   $ 49,100,000
Ore stockpiles 5,300,000   5,300,000   9,100,000
Mine supplies 144,800,000   144,800,000   149,700,000
Current inventories 209,500,000   209,500,000   207,900,000
Ore stockpiles included in other non-current assets 167,600,000   167,600,000   156,000,000
Inventories 377,100,000   377,100,000   $ 363,900,000
Disclosure of Inventories [Line Items]          
Cost of inventories recognised as expense during period 0 $ 6,300,000 700,000 $ 17,000,000  
Ore Stockpiles          
Disclosure of Inventories [Line Items]          
Inventory write-down 500,000 0 3,900,000 100,000  
Mine Supplies          
Disclosure of Inventories [Line Items]          
Inventory write-down $ 1,400,000 $ 1,100,000 $ 8,000,000 $ 4,000,000  
v3.8.0.1
INVESTMENTS IN ASSOCIATES AND INCORPORATED JOINT VENTURES (Details)
CAD / shares in Units, shares in Millions, CAD in Millions, $ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 02, 2017
USD ($)
shares
Mar. 02, 2017
CAD
CAD / shares
shares
Mar. 16, 2016
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Disclosure Of Joint Ventures, Associates And Subsidiaries [Line Items]                
Investments in associates and joint ventures, beginning balance           $ 52.6 $ 56.6 $ 56.6
Purchase of additional shares of associate           7.4    
Currency translation adjustment           1.4   (0.3)
Share of net earnings (loss), net of income taxes       $ 3.6 $ 2.5 10.2 7.5 6.1
Share of net loss recorded as provision               2.1
Share of dividends received           (2.1)   (11.3)
Disposal               (0.6)
Acquisition of control over associate           (4.8)    
Investments in associates and joint ventures, ending balance       64.7   64.7   $ 52.6
Net proceeds from sale of a 30% interest in the Côté Gold Project       0.0 $ 0.0 $ 96.5 0.0  
Merrex Gold Inc.                
Disclosure Of Joint Ventures, Associates And Subsidiaries [Line Items]                
Ownership interest in subsidiary           100.00%   23.00%
Sadiola                
Disclosure Of Joint Ventures, Associates And Subsidiaries [Line Items]                
Investments in associates and joint ventures, beginning balance           $ 46.9 49.2 $ 49.2
Purchase of additional shares of associate           0.0    
Currency translation adjustment           0.0   0.0
Share of net earnings (loss), net of income taxes           11.3   9.0
Share of net loss recorded as provision               0.0
Share of dividends received           (2.1)   (11.3)
Disposal               0.0
Acquisition of control over associate           0.0    
Investments in associates and joint ventures, ending balance       56.1   56.1   46.9
Yatela                
Disclosure Of Joint Ventures, Associates And Subsidiaries [Line Items]                
Investments in associates and joint ventures, beginning balance           0.0 0.0 0.0
Purchase of additional shares of associate           0.0    
Currency translation adjustment           0.0   0.0
Share of net earnings (loss), net of income taxes           0.0   (2.1)
Share of net loss recorded as provision               2.1
Share of dividends received           0.0   0.0
Disposal               0.0
Acquisition of control over associate           0.0    
Investments in associates and joint ventures, ending balance       0.0   0.0   0.0
Associates                
Disclosure Of Joint Ventures, Associates And Subsidiaries [Line Items]                
Investments in associates and joint ventures, beginning balance           5.7 $ 7.4 7.4
Purchase of additional shares of associate           7.4    
Currency translation adjustment           1.4   (0.3)
Share of net earnings (loss), net of income taxes           (1.1)   (0.8)
Share of net loss recorded as provision               0.0
Share of dividends received           0.0   0.0
Disposal               (0.6)
Acquisition of control over associate           (4.8)    
Investments in associates and joint ventures, ending balance       $ 8.6   $ 8.6   $ 5.7
Galance Gold Ltd.                
Disclosure Of Joint Ventures, Associates And Subsidiaries [Line Items]                
Investments in associates and joint ventures, ending balance     $ 0.6          
Proportion of ownership interest in associate     41.00%          
Net proceeds from sale of a 30% interest in the Côté Gold Project     $ 0.2          
Loss on sale of interests in associates     $ 0.4          
INV Metals Inc.                
Disclosure Of Joint Ventures, Associates And Subsidiaries [Line Items]                
Purchase of additional shares of associate $ 7.4 CAD 9.8            
Proportion of ownership interest in associate           35.60%   35.60%
Additional associate shares acquired | shares 9.8 9.8            
Additional associate shares purchased (in cad per share) | CAD / shares   CAD 1.00            
v3.8.0.1
PROPERTY, PLANT AND EQUIPMENT - Property, Plant and Equipment Rollforward (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Reconciliation of changes in property, plant and equipment [abstract]    
Balance, beginning of the period $ 1,868.2  
Balance, end of the period 1,948.0 $ 1,868.2
Construction in progress    
Reconciliation of changes in property, plant and equipment [abstract]    
Balance, beginning of the period 2.8  
Balance, end of the period 5.4 2.8
Mining properties    
Reconciliation of changes in property, plant and equipment [abstract]    
Balance, beginning of the period 855.0  
Balance, end of the period 1,010.5 855.0
Plant and equipment    
Reconciliation of changes in property, plant and equipment [abstract]    
Balance, beginning of the period 1,010.4  
Balance, end of the period 932.1 1,010.4
Gross carrying amount    
Reconciliation of changes in property, plant and equipment [abstract]    
Balance, beginning of the period 4,226.2 3,962.8
Additions 172.1 294.3
Changes in asset retirement obligations (1.0) 11.7
Disposals (25.3) (42.6)
Transfers within Property, plant and equipment 0.0 0.0
Transfers to Exploration and evaluation assets (0.5)  
Balance, end of the period 4,371.5 4,226.2
Gross carrying amount | Construction in progress    
Reconciliation of changes in property, plant and equipment [abstract]    
Balance, beginning of the period 2.8 7.9
Additions 15.3 34.9
Changes in asset retirement obligations 0.0 0.0
Disposals 0.0 0.0
Transfers within Property, plant and equipment (12.7) (40.0)
Transfers to Exploration and evaluation assets 0.0  
Balance, end of the period 5.4 2.8
Gross carrying amount | Mining properties    
Reconciliation of changes in property, plant and equipment [abstract]    
Balance, beginning of the period 2,336.5 2,133.6
Additions 99.5 172.1
Changes in asset retirement obligations (1.0) 11.7
Disposals (0.2) 0.0
Transfers within Property, plant and equipment 12.9 19.1
Transfers to Exploration and evaluation assets 0.0  
Balance, end of the period 2,447.7 2,336.5
Gross carrying amount | Plant and equipment    
Reconciliation of changes in property, plant and equipment [abstract]    
Balance, beginning of the period 1,886.9 1,821.3
Additions 57.3 87.3
Changes in asset retirement obligations 0.0 0.0
Disposals (25.1) (42.6)
Transfers within Property, plant and equipment (0.2) 20.9
Transfers to Exploration and evaluation assets (0.5)  
Balance, end of the period $ 1,918.4 $ 1,886.9
v3.8.0.1
PROPERTY, PLANT AND EQUIPMENT - Accumulated Depreciation and Impairment Rollforward (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Reconciliation of changes in property, plant and equipment [abstract]          
Balance, beginning of the period     $ 1,868.2    
Impairments (reversals) $ 0.0 $ 0.0 (524.1) $ 0.0  
Balance, end of the period 1,948.0   1,948.0   $ 1,868.2
Construction in progress          
Reconciliation of changes in property, plant and equipment [abstract]          
Balance, beginning of the period     2.8    
Balance, end of the period 5.4   5.4   2.8
Mining properties          
Reconciliation of changes in property, plant and equipment [abstract]          
Balance, beginning of the period     855.0    
Balance, end of the period 1,010.5   1,010.5   855.0
Plant and equipment          
Reconciliation of changes in property, plant and equipment [abstract]          
Balance, beginning of the period     1,010.4    
Balance, end of the period 932.1   932.1   1,010.4
Accumulated depreciation, amortisation and impairment          
Reconciliation of changes in property, plant and equipment [abstract]          
Balance, beginning of the period     2,358.0 2,109.0 2,109.0
Depreciation expense     212.4   286.0
Disposals     (22.8)   (37.0)
Transfers within Property, plant and equipment         0.0
Impairments (reversals)     (124.1)    
Balance, end of the period 2,423.5   2,423.5   2,358.0
Accumulated depreciation, amortisation and impairment | Construction in progress          
Reconciliation of changes in property, plant and equipment [abstract]          
Balance, beginning of the period     0.0 3.5 3.5
Depreciation expense     0.0   0.0
Disposals     0.0   0.0
Transfers within Property, plant and equipment         (3.5)
Impairments (reversals)     0.0    
Balance, end of the period 0.0   0.0   0.0
Accumulated depreciation, amortisation and impairment | Mining properties          
Reconciliation of changes in property, plant and equipment [abstract]          
Balance, beginning of the period     1,481.5 1,383.0 1,383.0
Depreciation expense     79.8   98.5
Disposals     0.0   0.0
Transfers within Property, plant and equipment         0.0
Impairments (reversals)     (124.1)    
Balance, end of the period 1,437.2   1,437.2   1,481.5
Accumulated depreciation, amortisation and impairment | Plant and equipment          
Reconciliation of changes in property, plant and equipment [abstract]          
Balance, beginning of the period     876.5 $ 722.5 722.5
Depreciation expense     132.6   187.5
Disposals     (22.8)   (37.0)
Transfers within Property, plant and equipment         3.5
Impairments (reversals)     0.0    
Balance, end of the period $ 986.3   $ 986.3   $ 876.5
v3.8.0.1
EXPLORATION AND EVALUATION ASSETS (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 20, 2017
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Reconciliation of changes in property, plant and equipment [abstract]              
Balance, beginning of the period         $ 1,868.2    
Exploration and evaluation expenditures   $ 6.6   $ 6.5 29.6 $ 20.6  
Reversal of impairment charge   0.0   0.0 524.1 0.0  
Balance, end of the period   1,948.0     1,948.0   $ 1,868.2
Assets   3,935.4     3,935.4   3,400.5
Reversal of impairment charges   0.0   0.0 524.1 0.0  
Exploration and evaluation assets              
Reconciliation of changes in property, plant and equipment [abstract]              
Reversal of impairment charges   0.0 $ 400.0 $ 0.0 400.0 0.0  
Disposal Of Interest In Cote Gold Project              
Reconciliation of changes in property, plant and equipment [abstract]              
Assets $ 390.4 391.3     $ 391.3    
Proportion of ownership interest in joint venture 30.00%       30.00%    
Tangible exploration and evaluation assets              
Reconciliation of changes in property, plant and equipment [abstract]              
Balance, beginning of the period         $ 169.2 $ 155.1 155.1
Exploration and evaluation expenditures         8.4   14.1
Acquired Merrex exploration and evaluation assets         36.6   0.0
Reversal of impairment charge         400.0   0.0
Sale of a 30% interest in the Côté Gold Project         (167.3)   0.0
Balance, end of the period   $ 446.9     $ 446.9   $ 169.2
v3.8.0.1
OTHER NON-CURRENT ASSETS (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 06, 2017
Jun. 30, 2017
Sep. 30, 2017
Dec. 31, 2016
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Ore stockpiles     $ 167.6 $ 156.0
Loan receivable from related party     35.9 31.3
Advances for the purchase of capital equipment     7.5 19.9
Royalty interests     5.6 5.6
Long-term prepayments     4.9 0.0
Derivatives     3.6 4.1
Other     4.6 5.2
Other assets     262.5 249.7
Contract term (in years) 15 years      
Prepayment issued during period   $ 4.9    
Prepayment amortization period (in years)   12 years    
Allowance for doubtful non-current non-trade receivables from related parties     36.0 36.0
Marketable securities and warrants        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Marketable securities and warrants and bond fund investments     30.1 21.7
Bond fund investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Marketable securities and warrants and bond fund investments     $ 2.7 $ 5.9
v3.8.0.1
PROVISIONS (Details) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Disclosure of other provisions [line items]    
Other provisions $ 302.6 $ 305.6
Current portion of provisions 21.0 15.8
Non-current provisions 281.6 289.8
Asset retirement obligations    
Disclosure of other provisions [line items]    
Other provisions 280.6 285.1
Yatela loss provision    
Disclosure of other provisions [line items]    
Other provisions 15.0 15.0
Other    
Disclosure of other provisions [line items]    
Other provisions $ 7.0 $ 5.5
v3.8.0.1
OTHER LIABILITIES (Details) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Subclassifications of assets, liabilities and equities [abstract]    
Finance lease liabilities $ 0.1 $ 0.1
Derivatives 0.1 2.0
Other liabilities 2.9 0.0
Total other liabilities 3.1 2.1
Current other liabilities 0.1 2.1
Non-current other liabilities $ 3.0 $ 0.0
v3.8.0.1
INCOME TAXES (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Taxes [Abstract]        
Current tax expense (income) $ 5.1 $ 14.4 $ 67.3 $ 34.4
Applicable tax rate     26.60%  
v3.8.0.1
LONG-TERM DEBT AND CREDIT FACILITIES - Senior Notes (Details) - USD ($)
3 Months Ended 9 Months Ended
Mar. 16, 2017
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Disclosure of detailed information about borrowings [line items]            
Transaction costs   $ 0 $ 9,900,000 $ 11,200,000 $ 17,300,000  
Assets   3,935,400,000   3,935,400,000   $ 3,400,500,000
7.0% Senior Secured Notes            
Disclosure of detailed information about borrowings [line items]            
Face amount $ 400,000,000          
Transaction costs $ 6,400,000          
Percentage of principal amount redeemed utilizing equity offering proceeds 40.00%          
Redemption price percentage utilizing equity offering proceeds 107.00%          
Fair value of embedded derivative $ 400,000,000          
Period to reinvest asset sale proceeds 365 days          
Threshold amount required to utilize proceeds to repurchase borrowings $ 50,000,000          
7.0% Senior Secured Notes | 2020            
Disclosure of detailed information about borrowings [line items]            
Redemption price percentage 105.25%          
7.0% Senior Secured Notes | 2021            
Disclosure of detailed information about borrowings [line items]            
Redemption price percentage 103.50%          
7.0% Senior Secured Notes | 2022            
Disclosure of detailed information about borrowings [line items]            
Redemption price percentage 101.75%          
7.0% Senior Secured Notes | 2023 and thereafter            
Disclosure of detailed information about borrowings [line items]            
Redemption price percentage 100.00%          
7.0% Senior Secured Notes | Prior to April 15, 2020            
Disclosure of detailed information about borrowings [line items]            
Redemption price percentage 100.00%          
7.0% Senior Secured Notes | Fixed interest rate            
Disclosure of detailed information about borrowings [line items]            
Interest rate 7.00%         7.00%
Carrying Amount            
Disclosure of detailed information about borrowings [line items]            
Assets   891,900,000   891,900,000    
Carrying Amount | Embedded derivative            
Disclosure of detailed information about borrowings [line items]            
Assets   $ 9,500,000   $ 9,500,000   $ 0
v3.8.0.1
LONG-TERM DEBT AND CREDIT FACILITIES - Schedule of Contractual Maturities (Details) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
7.0% Senior Secured Notes    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Contractual cash flows $ 625.2 $ 621.1
7.0% Senior Secured Notes | Less than 1 yr    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Contractual cash flows 29.2 33.0
7.0% Senior Secured Notes | 1-2 yrs    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Contractual cash flows 56.0 66.0
7.0% Senior Secured Notes | 3-5 yrs    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Contractual cash flows 56.0 522.1
7.0% Senior Secured Notes | Greater than 5 yrs    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Contractual cash flows 484.0 0.0
Gross carrying amount | 7.0% Senior Secured Notes    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Carrying amount 400.0 489.1
Unamortized Deferred Transactions Costs    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Carrying amount $ 6.0 $ 4.0
v3.8.0.1
LONG-TERM DEBT AND CREDIT FACILITIES - 6.75% Senior Unsecured Notes (Details) - USD ($)
3 Months Ended 9 Months Ended
Mar. 16, 2017
Sep. 30, 2017
Mar. 31, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Apr. 30, 2016
Sep. 21, 2012
Disclosure of detailed information about borrowings [line items]                
Repayments of borrowings   $ 0   $ 141,500,000 $ 505,600,000 $ 141,500,000    
Gain (loss) on purchase and redemption of Senior unsecured notes   $ 0   4,000,000 $ (20,200,000) 4,000,000    
Senior Unsecured Notes at 6.75%                
Disclosure of detailed information about borrowings [line items]                
Face amount               $ 650,000,000
Repurchase of face value of borrowings       145,900,000   $ 145,900,000 $ 15,000,000  
Repayments of borrowings $ 505,600,000     141,500,000        
Gain (loss) on purchase and redemption of Senior unsecured notes     $ (20,200,000) $ 4,000,000        
Carrying amount     485,400,000          
Contractual cash flows     $ 505,600,000          
Senior Unsecured Notes at 6.75% | Fixed interest rate                
Disclosure of detailed information about borrowings [line items]                
Interest rate 6.75% 6.75%     6.75%     6.75%
v3.8.0.1
LONG-TERM DEBT AND CREDIT FACILITIES - Credit Facilities (Details) - USD ($)
3 Months Ended 9 Months Ended
Feb. 01, 2016
Sep. 30, 2017
Sep. 30, 2016
Mar. 31, 2016
Sep. 30, 2017
Sep. 30, 2016
Feb. 07, 2017
Dec. 31, 2016
Disclosure of detailed information about borrowings [line items]                
Repayment of credit facility   $ 0 $ 0   $ 0 $ 70,000,000    
February 2016 Four Year Credit Facility                
Disclosure of detailed information about borrowings [line items]                
Line of credit term 4 years              
Maximum borrowing capacity $ 100,000,000           $ 250,000,000 $ 170,000,000
Accordion feature 150,000,000             $ 80,000,000
February 2016 Four Year Credit Facility, Letters of Credit                
Disclosure of detailed information about borrowings [line items]                
Maximum borrowing capacity $ 3,000,000 $ 3,000,000     $ 3,000,000      
Four Year Unsecured Revolving Credit Facility                
Disclosure of detailed information about borrowings [line items]                
Line of credit term 4 years              
Maximum borrowing capacity $ 500,000,000              
Repayment of credit facility       $ 70,000,000        
Other Letters of Credit                
Disclosure of detailed information about borrowings [line items]                
Maximum borrowing capacity $ 400,000              
v3.8.0.1
LONG-TERM DEBT AND CREDIT FACILITIES - Uncollateralized Surety Bonds (Details)
CAD in Millions
Sep. 30, 2017
USD ($)
Sep. 30, 2017
CAD
Dec. 31, 2016
USD ($)
Surety Bond      
Disclosure of detailed information about borrowings [line items]      
Uncollateralized surety bonds outstanding to guarantee asset retirement obligations related to the Doyon mine $ 98,800,000 CAD 123.6 $ 0
v3.8.0.1
FINANCIAL INSTRUMENTS - Marketable Securities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Financial Instruments [Abstract]        
Proceeds from sale of marketable securities $ 7.4 $ 0.0 $ 7.7 $ 0.1
Acquisition date fair value of marketable securities sold (2.3) 0.0 (2.4) (2.1)
Gain (loss) on sale of marketable securities recorded in OCI $ 5.1 $ 0.0 $ 5.3 $ (2.0)
v3.8.0.1
FINANCIAL INSTRUMENTS - Cash Flow Hedge Fair Value Reserve (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Gain (loss) recognized in cash flow hedge reserve        
Gain (loss) recognized in cash flow hedge reserve, hedging items $ 8.8 $ (4.7) $ 12.2 $ 5.9
Gain (loss) recognized in cash flow hedge reserve, time value of options contracts excluded from hedge relationship (1.7) (2.0) (4.4) (1.4)
Total gain (loss) recognized in cash flow hedge reserve 7.1 (6.7) 7.8 4.5
(Gain) loss reclassified or adjusted from cash flow hedge reserve        
(Gain) loss reclassified or adjusted from cash flow hedge reserve (2.5) 0.8 (2.6) 5.3
(Gain) loss reclassified or adjusted from cash flow hedge reserve, time value of option contracts excluded from hedge relationship 0.0 0.0 0.0 0.0
Total gain (loss) reclassified or adjusted from cash flow hedge reserve (2.5) 0.8 (2.6) 5.3
Exchange rate risk | Canadian dollar option contracts        
Gain (loss) recognized in cash flow hedge reserve        
Gain (loss) recognized in cash flow hedge reserve, hedging items 6.0 (2.3) 7.5 0.5
(Gain) loss reclassified or adjusted from cash flow hedge reserve        
(Gain) loss reclassified or adjusted from cash flow hedge reserve (1.4) 1.2 (1.5) 4.8
Exchange rate risk | Euro option contracts        
Gain (loss) recognized in cash flow hedge reserve        
Gain (loss) recognized in cash flow hedge reserve, hedging items 2.8 0.0 4.6 1.8
(Gain) loss reclassified or adjusted from cash flow hedge reserve        
(Gain) loss reclassified or adjusted from cash flow hedge reserve (1.1) (0.4) (1.1) (1.2)
Crude oil option contracts        
Gain (loss) recognized in cash flow hedge reserve        
Gain (loss) recognized in cash flow hedge reserve, hedging items 0.0 (2.4) 0.1 3.6
(Gain) loss reclassified or adjusted from cash flow hedge reserve        
(Gain) loss reclassified or adjusted from cash flow hedge reserve $ 0.0 $ 0.0 $ 0.0 $ 1.7
v3.8.0.1
FINANCIAL INSTRUMENTS - Cash Flow Reclassification of Gain (Loss) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Disclosure of detailed information about hedging instruments [line items]        
Amounts removed from equity and included in carrying amount of non-financial asset (liability) whose acquisition or incurrence was hedged highly probable forecast transaction, before tax $ (0.6) $ (0.1) $ (0.6) $ 0.1
Net change in fair value of cash flow hedges reclassified to the statements of earnings (1.9) 0.9 (2.0) 5.2
(Gain) loss reclassified or adjusted from cash flow hedge reserve (2.5) 0.8 (2.6) 5.3
Cost of sales        
Disclosure of detailed information about hedging instruments [line items]        
Net change in fair value of cash flow hedges reclassified to the statements of earnings (1.6) 0.6 (1.6) 3.6
General and administrative expenses        
Disclosure of detailed information about hedging instruments [line items]        
Net change in fair value of cash flow hedges reclassified to the statements of earnings $ (0.3) $ 0.3 $ (0.4) $ 1.6
v3.8.0.1
FINANCIAL INSTRUMENTS - Currency Exchange Rate Derivative Contracts (Details) - Sep. 30, 2017 - Exchange rate risk
€ in Millions, CAD in Millions
CAD
$ / CAD
€ / $
EUR (€)
$ / CAD
€ / $
Canadian option contracts    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Outstanding derivative contracts | CAD CAD 206  
Canadian option contracts | 2017    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Outstanding derivative contracts | CAD CAD 51  
Canadian option contracts | 2017 | Bottom of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) 1.30 1.30
Canadian option contracts | 2017 | Top of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) 1.40 1.40
Canadian option contracts | 2018    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Outstanding derivative contracts | CAD CAD 155  
Canadian option contracts | 2018 | Bottom of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) 1.30 1.30
Canadian option contracts | 2018 | Top of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) 1.45 1.45
Canadian dollar option contracts, Put option one | 2017    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) 1.30 1.30
Canadian dollar option contracts, Put option two | 2017    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) 1.35 1.35
Canadian dollar option contracts, collar option | 2017 | Bottom of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) 1.30 1.30
Canadian dollar option contracts, collar option | 2017 | Top of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) 1.40 1.40
Euro option contracts    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Outstanding derivative contracts | €   € 125
Euro option contracts | 2017    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Outstanding derivative contracts | €   € 32
Euro option contracts | 2017 | Bottom of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) | € / $ 1.00 1.00
Euro option contracts | 2017 | Top of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) | € / $ 1.20 1.20
Euro option contracts | 2018    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Outstanding derivative contracts | €   € 93
Euro option contracts | 2018 | Bottom of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) | € / $ 1.08 1.08
Euro option contracts | 2018 | Top of range    
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]    
Contract rate range (in USD per CAD and EUR per USD) | € / $ 1.19 1.19
v3.8.0.1
FINANCIAL INSTRUMENTS - Currency Exchange Risk (Details) - Exchange rate risk - Cash flow hedges - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Disclosure of detailed information about hedging instruments [line items]    
Carrying amount, Assets $ 12.0 $ 2.3
Carrying amount, Liabilities 0.0 (2.0)
Accumulated cash flow hedge fair value reserve (before tax) 9.3 (0.2)
Fair value changes used for calculating hedge ineffectiveness, Hedging instruments 9.3 (0.2)
Fair value changes used for calculating hedge ineffectiveness, Hedged items (9.3) 0.2
Canadian option contracts    
Disclosure of detailed information about hedging instruments [line items]    
Carrying amount, Assets 7.4 2.1
Carrying amount, Liabilities 0.0 0.0
Accumulated cash flow hedge fair value reserve (before tax) 6.1 0.2
Fair value changes used for calculating hedge ineffectiveness, Hedging instruments 6.1 0.2
Fair value changes used for calculating hedge ineffectiveness, Hedged items (6.1) (0.2)
Euro option contracts    
Disclosure of detailed information about hedging instruments [line items]    
Carrying amount, Assets 4.6 0.2
Carrying amount, Liabilities 0.0 (2.0)
Accumulated cash flow hedge fair value reserve (before tax) 3.2 (0.4)
Fair value changes used for calculating hedge ineffectiveness, Hedging instruments 3.2 (0.4)
Fair value changes used for calculating hedge ineffectiveness, Hedged items $ (3.2) $ 0.4
v3.8.0.1
FINANCIAL INSTRUMENTS - Crude Oil Derivative Contracts (Details) - Oil and Fuel Market Price Risk
bbl in Thousands
Sep. 30, 2017
bbl
$ / bbl
2017  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 60
Brent crude oil option contracts  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 1,227
Brent crude oil option contracts | 2017  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 130
Option contracts with strike prices at (USD/barrel) 60
Brent crude oil option contracts | 2018  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 488
Brent crude oil option contracts | 2018 | Bottom of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 42
Brent crude oil option contracts | 2018 | Top of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 60
Brent crude oil option contracts | 2019  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 366
Brent crude oil option contracts | 2019 | Bottom of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 44
Brent crude oil option contracts | 2019 | Top of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 60
Brent crude oil option contracts | 2020  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 243
Brent crude oil option contracts | 2020 | Bottom of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 50
Brent crude oil option contracts | 2020 | Top of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 62
WTI crude oil option contracts  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 1,002
WTI crude oil option contracts | 2017  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 99
Option contracts with strike prices at (USD/barrel) 60
WTI crude oil option contracts | 2018  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 390
WTI crude oil option contracts | 2018 | Bottom of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 36
WTI crude oil option contracts | 2018 | Top of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 60
WTI crude oil option contracts | 2019  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 306
WTI crude oil option contracts | 2019 | Bottom of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 42
WTI crude oil option contracts | 2019 | Top of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 60
WTI crude oil option contracts | 2020  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Outstanding derivative contracts (in barrels) | bbl 207
WTI crude oil option contracts | 2020 | Bottom of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 45
WTI crude oil option contracts | 2020 | Top of range  
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]  
Option contracts with strike prices at (USD/barrel) 55
v3.8.0.1
FINANCIAL INSTRUMENTS - Oil and Fuel Market Price Risk (Details) - Oil and Fuel Market Price Risk - Cash flow hedges - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Disclosure of detailed information about hedging instruments [line items]    
Carrying amount, Assets $ 2.3 $ 6.2
Carrying amount, Liabilities (0.1) 0.0
Accumulated cash flow hedge fair value reserve (before tax) 0.0 0.0
Fair value changes used for calculating hedge ineffectiveness, Hedging instruments 0.0 0.0
Fair value changes used for calculating hedge ineffectiveness, Hedged items 0.0 0.0
Brent crude oil option contracts    
Disclosure of detailed information about hedging instruments [line items]    
Carrying amount, Assets 1.9 4.0
Carrying amount, Liabilities 0.0 0.0
Accumulated cash flow hedge fair value reserve (before tax) 0.0 0.0
Fair value changes used for calculating hedge ineffectiveness, Hedging instruments 0.0 0.0
Fair value changes used for calculating hedge ineffectiveness, Hedged items 0.0 0.0
WTI crude oil option contracts    
Disclosure of detailed information about hedging instruments [line items]    
Carrying amount, Assets 0.4 2.2
Carrying amount, Liabilities (0.1) 0.0
Accumulated cash flow hedge fair value reserve (before tax) 0.0 0.0
Fair value changes used for calculating hedge ineffectiveness, Hedging instruments 0.0 0.0
Fair value changes used for calculating hedge ineffectiveness, Hedged items $ 0.0 $ 0.0
v3.8.0.1
FINANCIAL INSTRUMENTS - Gain (Loss) on Non-Hedge Derivatives and Warrants (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Financial Instruments [Abstract]        
Change in fair value of embedded derivative $ 3.7 $ 0.0 $ 5.3 $ 0.0
Warrants 0.5 1.3 0.1 5.3
Gain (loss) on non-hedge derivatives and warrants $ 4.2 $ 1.3 $ 5.4 $ 5.3
v3.8.0.1
FAIR VALUE MEASUREMENTS - Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($)
Sep. 30, 2017
Mar. 16, 2017
Dec. 31, 2016
Sep. 21, 2012
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets $ 3,935,400,000   $ 3,400,500,000  
Liabilities $ (1,082,600,000)   $ (1,129,400,000)  
Fixed interest rate | Senior Unsecured Notes at 6.75%        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Interest rate 6.75% 6.75%   6.75%
Fixed interest rate | 7.0% Senior Secured Notes        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Interest rate   7.00% 7.00%  
Carrying Amount        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets $ 891,900,000      
Liabilities (400,100,000)      
Carrying Amount | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0      
Carrying Amount | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities (100,000)      
Carrying Amount | Long-term debt        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities (400,000,000)      
Carrying Amount | Cash and cash equivalents        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 583,600,000      
Carrying Amount | Restricted cash        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 24,700,000      
Carrying Amount | Short-term investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 227,000,000      
Carrying Amount | Marketable securities and warrants        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 30,100,000      
Carrying Amount | Bond fund investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 2,700,000      
Carrying Amount | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 12,000,000      
Carrying Amount | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 2,300,000      
Carrying Amount | Embedded derivative        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 9,500,000   $ 0  
Recurring fair value measurement        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 891,900,000   799,000,000  
Liabilities (421,900,000)   (476,000,000)  
Recurring fair value measurement | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0   (2,000,000)  
Recurring fair value measurement | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities (100,000)   0  
Recurring fair value measurement | Long-term debt        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities (421,800,000)   (474,000,000)  
Recurring fair value measurement | Cash and cash equivalents        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 583,600,000   652,000,000  
Recurring fair value measurement | Restricted cash        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 24,700,000   110,700,000  
Recurring fair value measurement | Short-term investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 227,000,000   0  
Recurring fair value measurement | Marketable securities and warrants        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 30,100,000   21,900,000  
Recurring fair value measurement | Bond fund investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 2,700,000   5,900,000  
Recurring fair value measurement | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 12,000,000   2,300,000  
Recurring fair value measurement | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 2,300,000   6,200,000  
Recurring fair value measurement | Embedded derivative        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 9,500,000   $ 0  
Recurring fair value measurement | Level 1        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 863,000,000      
Liabilities (421,800,000)      
Recurring fair value measurement | Level 1 | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0      
Recurring fair value measurement | Level 1 | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0      
Recurring fair value measurement | Level 1 | Long-term debt        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities (421,800,000)      
Recurring fair value measurement | Level 1 | Cash and cash equivalents        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 583,600,000      
Recurring fair value measurement | Level 1 | Restricted cash        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 24,700,000      
Recurring fair value measurement | Level 1 | Short-term investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 227,000,000      
Recurring fair value measurement | Level 1 | Marketable securities and warrants        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 25,000,000      
Recurring fair value measurement | Level 1 | Bond fund investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 2,700,000      
Recurring fair value measurement | Level 1 | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 1 | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 1 | Embedded derivative        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 2        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 28,900,000      
Liabilities (100,000)      
Recurring fair value measurement | Level 2 | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0      
Recurring fair value measurement | Level 2 | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities (100,000)      
Recurring fair value measurement | Level 2 | Long-term debt        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0      
Recurring fair value measurement | Level 2 | Cash and cash equivalents        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 2 | Restricted cash        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 2 | Short-term investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 2 | Marketable securities and warrants        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 5,100,000      
Recurring fair value measurement | Level 2 | Bond fund investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 2 | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 12,000,000      
Recurring fair value measurement | Level 2 | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 2,300,000      
Recurring fair value measurement | Level 2 | Embedded derivative        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 9,500,000      
Recurring fair value measurement | Level 3        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Liabilities 0      
Recurring fair value measurement | Level 3 | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0      
Recurring fair value measurement | Level 3 | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0      
Recurring fair value measurement | Level 3 | Long-term debt        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Liabilities 0      
Recurring fair value measurement | Level 3 | Cash and cash equivalents        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 3 | Restricted cash        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 3 | Short-term investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 3 | Marketable securities and warrants        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 3 | Bond fund investments        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 3 | Currency contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 3 | Crude oil contracts        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets 0      
Recurring fair value measurement | Level 3 | Embedded derivative        
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]        
Assets $ 0      
v3.8.0.1
FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Assets $ 3,935,400,000 $ 3,400,500,000
Liabilities 1,082,600,000 1,129,400,000
Recurring fair value measurement    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Assets 891,900,000 799,000,000
Liabilities 421,900,000 476,000,000
Recurring fair value measurement | Embedded derivative    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Assets 9,500,000 0
Carrying Amount    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Assets 891,900,000  
Liabilities 400,100,000  
Carrying Amount | Embedded derivative    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Assets 9,500,000 0
Long-term debt | Recurring fair value measurement    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Liabilities 421,800,000 474,000,000
Long-term debt | Carrying Amount    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Liabilities 400,000,000  
Finance Lease Liability | Carrying Amount    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Liabilities $ 100,000 $ 100,000
v3.8.0.1
SHARE CAPITAL - ROLLFORWARD OF COMMON SHARES (Details) - Common shares - shares
shares in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2016
Sep. 30, 2017
Sep. 30, 2016
Reconciliation of number of shares outstanding [abstract]      
Outstanding, beginning of the period 450.7 453.8 393.4
Equity issuance   6.9 44.7
Issuance of flow-through common shares   3.4 12.0
Issuance of shares for share-based compensation   0.8 0.6
Outstanding, end of period 453.8 464.9 450.7
v3.8.0.1
SHARE CAPITAL (Details)
CAD / shares in Units, $ / shares in Units, shares in Thousands, CAD in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Dec. 12, 2016
USD ($)
tranche
shares
Aug. 16, 2016
shares
Aug. 16, 2016
USD ($)
$ / shares
shares
Aug. 08, 2016
USD ($)
$ / shares
shares
Mar. 31, 2017
USD ($)
shares
Mar. 31, 2017
CAD
CAD / shares
shares
Sep. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
shares
Dec. 31, 2016
CAD
CAD / shares
shares
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
shares
Sep. 30, 2016
USD ($)
shares
Disclosure of classes of share capital [line items]                        
Proceeds from issuance of shares             $ 0     $ 220,100,000 $ 0 $ 220,100,000
Other liabilities             3,000,000 $ 0     3,000,000  
Common shares             2,671,700,000 2,628,200,000     2,671,700,000  
Amortization of gains related to flow-through common shares             200,000     1,200,000 3,500,000 3,300,000
Payments for exploration and evaluation expenses             3,700,000     $ 500,000 4,500,000 $ 3,500,000
Number of shares issued | shares   44,700 44,700                  
Proceeds from issuing shares     $ 220,100,000                  
Gross proceeds from the offering before transaction costs     230,000,000                  
Transaction costs     $ 9,900,000                  
Tangible exploration and evaluation assets                        
Disclosure of classes of share capital [line items]                        
Payments for exploration and evaluation expenses $ 10,000,000                      
Contingently issuable consideration for purchase of exploration and evaluation rights (in shares) | shares 3,125                      
Number of tranches for delivery of contingently issuable consideration | tranche 3                      
Contingently issuable consideration, tranche intervals 12 months                      
Measurement period for upward adjustment of purchase price 24 months                      
Maximum upward adjustment to purchase price $ 10,000,000                      
Agreement termination notification period 60 days                      
Flow-through shares issued to fund expenditures on Westwood Mine, March 2017                        
Disclosure of classes of share capital [line items]                        
Common shares         $ 13,400,000              
Unspent portion             0       0  
Flow-through shares issued to fund expenditures on Cote Gold Project                        
Disclosure of classes of share capital [line items]                        
Common shares               3,300,000        
Unspent portion             500,000       500,000  
Flow-through shares issued to fund expenditures on Westwood Mine, fourth quarter of 2016                        
Disclosure of classes of share capital [line items]                        
Common shares               $ 8,100,000        
Unspent portion             $ 0       $ 0  
Public Offering                        
Disclosure of classes of share capital [line items]                        
Shares issued during period, price per share (in CAD and dollars per share) | $ / shares       $ 5.15                
Number of shares issued | shares       38,900                
Proceeds from issuing shares       $ 200,000,000                
Underwriters' option                        
Disclosure of classes of share capital [line items]                        
Shares issued during period, price per share (in CAD and dollars per share) | $ / shares     $ 5.15                  
Number of shares issued | shares   5,800 5,800                  
Percent of shares offered, underwriter additional purchase option   15.00%                    
Common shares                        
Disclosure of classes of share capital [line items]                        
Issuance of flow-through common shares (in shares) | shares                     3,400 12,000
Common shares | Flow-through shares issued to fund expenditures on Westwood Mine, March 2017                        
Disclosure of classes of share capital [line items]                        
Issuance of flow-through common shares (in shares) | shares         3,400 3,400            
Shares issued during period, price per share (in CAD and dollars per share) | CAD / shares           CAD 5.91            
Proceeds from issuance of shares         $ 15,100,000 CAD 20.0            
Other liabilities         $ 1,700,000              
Common shares | Flow-through shares issued to fund expenditures on Cote Gold Project                        
Disclosure of classes of share capital [line items]                        
Issuance of flow-through common shares (in shares) | shares               900 900      
Proceeds from issuance of shares               $ 4,400,000 CAD 5.9      
Other liabilities               $ 1,100,000        
Common shares | Flow-through shares issued to fund expenditures on Cote Gold Project | Bottom of range                        
Disclosure of classes of share capital [line items]                        
Shares issued during period, price per share (in CAD and dollars per share) | CAD / shares                 CAD 6.56      
Common shares | Flow-through shares issued to fund expenditures on Cote Gold Project | Top of range                        
Disclosure of classes of share capital [line items]                        
Shares issued during period, price per share (in CAD and dollars per share) | CAD / shares                 CAD 6.63      
Common shares | Flow-through shares issued to fund expenditures on Westwood Mine, fourth quarter of 2016                        
Disclosure of classes of share capital [line items]                        
Issuance of flow-through common shares (in shares) | shares               2,200 2,200      
Proceeds from issuance of shares               $ 8,900,000 CAD 11.9      
Other liabilities               $ 800,000        
Common shares | Flow-through shares issued to fund expenditures on Westwood Mine, fourth quarter of 2016 | Bottom of range                        
Disclosure of classes of share capital [line items]                        
Shares issued during period, price per share (in CAD and dollars per share) | CAD / shares                 CAD 5.34      
Common shares | Flow-through shares issued to fund expenditures on Westwood Mine, fourth quarter of 2016 | Top of range                        
Disclosure of classes of share capital [line items]                        
Shares issued during period, price per share (in CAD and dollars per share) | CAD / shares                 CAD 5.60      
v3.8.0.1
EARNINGS PER SHARE - Earnings (loss) per share computations (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Numerator        
Net earnings attributable to equity holders of IAMGOLD $ 30.8 $ 17.0 $ 519.3 $ 57.9
Denominator        
Weighted average number of common shares (basic) 464.7 428.3 462.3 410.3
Basic earnings attributable to equity holders of IAMGOLD (in dollars share) $ 0.07 $ 0.04 $ 1.12 $ 0.14
Dilutive effect of share options 1.2 1.0 1.2 0.4
Dilutive effect of restricted share units 3.4 2.9 3.2 2.5
Weighted average number of common shares (diluted) 469.3 432.2 466.7 413.2
Diluted earnings attributable to equity holders of IAMGOLD (in dollars per share) $ 0.07 $ 0.04 $ 1.11 $ 0.14
v3.8.0.1
EARNINGS PER SHARE - Antidilutive Securities (Details) - shares
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Earnings per share [line items]        
Antidilutive securities 5.7 6.1 5.7 7.2
Share options        
Earnings per share [line items]        
Antidilutive securities 2.6 3.0 2.6 4.1
Contingently issuable shares        
Earnings per share [line items]        
Antidilutive securities 3.1 3.1 3.1 3.1
v3.8.0.1
SHARE-BASED COMPENSATION - Share Option Award Plan (Details)
shares in Millions
9 Months Ended
Sep. 30, 2017
CAD
shares
$ / CAD
Share-Based Payment Arrangements [Abstract]  
Outstanding, beginning of the period (in shares) | shares 6.0
Granted (in shares) | shares 1.6
Exercised (in shares) | shares (0.2)
Forfeited (in shares) | shares (0.5)
Outstanding, end of the period (in shares) | shares 6.9
Exercisable, end of the period (in shares) | shares 3.4
Outstanding, beginning of the period (C$ per share) | CAD CAD 7.79
Granted (C$ per share) | CAD 5.24
Exercised (C$ per share) | CAD 5.26
Forfeited (C$ per share) | CAD 12.22
Outstanding, end of the period (C$ per share) | CAD 7.03
Exercisable, end of the period (C$ per share) | CAD CAD 9.72
Closing foreign exchange rate | $ / CAD 0.7992
v3.8.0.1
SHARE-BASED COMPENSATION - Stock Options Fair Value Inputs (Details)
9 Months Ended
Sep. 30, 2017
CAD
year
Share-Based Payment Arrangements [Abstract]  
Weighted average risk-free interest rate 1.10%
Weighted average expected volatility 66.00%
Weighted average dividend yield 0.00%
Weighted average expected life of options issued (years) | year 5.0
Weighted average grant-date fair value (C$ per share) CAD 2.89
Weighted average share price at grant date (C$ per share) 5.24
Weighted average exercise price (C$ per share) CAD 5.24
v3.8.0.1
SHARE-BASED COMPENSATION - Full Value Award Plans (Details)
shares in Millions
9 Months Ended
Sep. 30, 2017
shares
Share-Based Payment Arrangements [Abstract]  
Outstanding, beginning of the period (in shares) 3.7
Granted (in shares) 2.2
Issued (in shares) (0.6)
Forfeited (in shares) (0.7)
Outstanding, end of the period (in shares) 4.6
v3.8.0.1
SHARE-BASED COMPENSATION - Restricted Stock Units Fair Value Inputs (Details)
9 Months Ended
Sep. 30, 2017
CAD
year
Share-Based Payment Arrangements [Abstract]  
Weighted average risk-free interest rate 0.80%
Weighted average expected volatility 72.00%
Weighted average dividend yield 0.00%
Weighted average expected life of RSUs issued (years) | year 2.8
Weighted average grant-date fair value (C$ per share) CAD 5.24
Weighted average share price at grant date (C$ per share) CAD 5.24
v3.8.0.1
COST OF SALES (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Analysis of income and expense [abstract]        
Operating costs $ 154.5 $ 147.4 $ 461.9 $ 425.9
Royalties 11.1 13.5 32.9 32.5
Depreciation expense 62.3 69.3 197.2 193.1
Cost of sales $ 227.9 $ 230.2 $ 692.0 $ 651.5
v3.8.0.1
FINANCE COSTS (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Borrowing costs [abstract]        
Interest expense $ 900,000 $ 5,900,000 $ 6,800,000 $ 19,900,000
Credit facility fees 900,000 400,000 2,100,000 1,200,000
Accretion expense 300,000 0 700,000 600,000
Finance costs 2,100,000 6,300,000 9,600,000 21,700,000
Interest paid $ 0 $ 20,300,000 $ 16,500,000 $ 41,900,000
v3.8.0.1
INTEREST INCOME AND DERIVATIVES AND OTHER INVESTMENT GAINS (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 20, 2017
Sep. 30, 2017
Mar. 31, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Mar. 16, 2017
Sep. 21, 2012
Analysis of income and expense [abstract]                
Interest income   $ 2.5   $ 0.8 $ 6.4 $ 1.9    
Gain on embedded derivative and warrants   4.2   1.3 5.4 5.3    
Gain on sale of a 30% interest in the Côté Gold Project   0.0   0.0 19.2 0.0    
Amortization of gains related to flow-through common shares   0.2   1.2 3.5 3.3    
Gain (loss) on purchase and redemption of Senior unsecured notes   0.0   4.0 (20.2) 4.0    
Write-down of receivables   0.0   (1.5) 0.0 0.0    
Gain on sale of gold bullion   0.0   0.0 0.0 72.9    
Other gains (losses)   0.4   (0.3) 0.5 1.3    
Interest income and derivatives and other investment gains   $ 7.3   5.5 $ 14.8 $ 88.7    
Senior Unsecured Notes at 6.75%                
Analysis of income and expense [abstract]                
Gain (loss) on purchase and redemption of Senior unsecured notes     $ (20.2) $ 4.0        
Senior Unsecured Notes at 6.75% | Fixed interest rate                
Investment [Line Items]                
Interest rate   6.75%     6.75%   6.75% 6.75%
Disposal Of Interest In Cote Gold Project                
Analysis of income and expense [abstract]                
Gain on sale of a 30% interest in the Côté Gold Project $ 19.2              
Investment [Line Items]                
Proportion of ownership interest in joint venture 30.00%       30.00%      
v3.8.0.1
CASH FLOW ITEMS - Other Non-Cash Items, Operating Activities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Cash Flow Statement [Abstract]        
Share-based compensation $ 1.3 $ 1.1 $ 4.4 $ 3.6
Amortization of gains related to flow-through common shares (0.2) (1.2) (3.5) (3.3)
Changes in estimates of asset retirement obligations at closed sites (2.2) 0.0 (0.9) 3.3
Gain on derivatives (6.1) (0.8) (7.3) (1.3)
(Gain on purchase) Loss on redemption of 6.75% Senior unsecured notes 0.0 (4.0) 20.2 (4.0)
Write-down of assets 0.2 1.3 1.5 4.1
Other 0.8 (0.6) 0.7 0.5
Total adjustments for other non-cash items within operating activities $ (6.2) $ (4.2) $ (5.1) $ 2.9
v3.8.0.1
CASH FLOW ITEMS - Changes in Non-Cash Working Capital Items and Non-Current Ore Stockpiles (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Cash Flow Statement [Abstract]        
Receivables and other current assets $ 7.8 $ 6.6 $ 10.1 $ (0.5)
Inventories and non-current ore stockpiles (19.8) 1.9 (20.6) 7.4
Accounts payable and accrued liabilities 15.5 6.0 14.8 15.5
Movements in non-cash working capital items and non-current ore stockpiles $ 3.5 $ 14.5 $ 4.3 $ 22.4
v3.8.0.1
CASH FLOW ITEMS - Changes in Other Investing Activities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Cash Flow Statement [Abstract]        
Disposal of investments $ 0.7 $ 1.5 $ 1.1  
Acquisition of investments       $ (2.0)
Advances to related parties (3.0) (0.6) (5.3) (2.4)
Repayments from related parties 0.3 0.2 0.8 2.3
Other 0.0 0.2 0.1 0.9
Other investing activities $ (2.0) $ 1.3 $ (3.3) $ (1.2)
v3.8.0.1
CASH FLOW ITEMS - Other Financing Activities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Cash Flow Statement [Abstract]        
Repayment of finance lease liabilities $ 0.0 $ (0.1) $ 0.0 $ (1.0)
Dividends paid to non-controlling interests (2.0) 0.0 (3.1) (1.5)
Other finance costs (1.6) (0.5) (2.5) (2.8)
Other financing activities $ (3.6) $ (0.6) $ (5.6) $ (5.3)
v3.8.0.1
CASH FLOW ITEMS - Reconciliation of Long-Term Debt Arising from Financing Activities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 16, 2017
Sep. 30, 2017
Mar. 31, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Sep. 21, 2012
Reconciliation Of Long-Term Debt Arising From Financing Activities [Roll Forward]              
Net proceeds from issuance of Senior notes   $ 0.0   $ 0.0 $ 393.6 $ 0.0  
Non-cash changes:              
Change in fair value of embedded derivative   3.7   0.0 5.3 0.0  
Loss on redemption of 6.75% Senior unsecured notes   0.0   (4.0) 20.2 (4.0)  
Cash changes:              
Redemption of 6.75% Senior unsecured notes   $ 0.0   (141.5) $ (505.6) $ (141.5)  
Senior Unsecured Notes at 6.75%              
Non-cash changes:              
Loss on redemption of 6.75% Senior unsecured notes     $ 20.2 (4.0)      
Cash changes:              
Redemption of 6.75% Senior unsecured notes $ (505.6)     $ (141.5)      
Senior Unsecured Notes at 6.75% | Fixed interest rate              
Cash changes:              
Interest rate 6.75% 6.75%     6.75%   6.75%
Long-term debt - 7% Senior notes              
Reconciliation Of Long-Term Debt Arising From Financing Activities [Roll Forward]              
Balance, December 31, 2016     $ 485.1   $ 485.1    
Net proceeds from issuance of Senior notes         393.6    
Non-cash changes:              
Amortization of deferred financing charges         0.7    
Change in fair value of embedded derivative         (5.3)    
Loss on redemption of 6.75% Senior unsecured notes         20.2    
Cash changes:              
Redemption of 6.75% Senior unsecured notes         (505.6)    
Balance, September 30, 2017   $ 388.7     $ 388.7    
v3.8.0.1
REVERSAL OF IMPAIRMENT CHARGES (Details)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 05, 2017
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
$ / oz
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
$ / oz
Sep. 30, 2016
USD ($)
Disclosure of impairment loss and reversal of impairment loss [line items]              
Reversal of impairment charges   $ 0.0     $ 0.0 $ 524.1 $ 0.0
Côté Gold              
Disclosure of impairment loss and reversal of impairment loss [line items]              
Proportion of ownership interest in joint venture 30.00%            
Euro Ressources S. A. and Rosebel Gold Mines N. V.              
Disclosure of impairment loss and reversal of impairment loss [line items]              
Valuation assumption, life of mine           11 years  
Valuation assumption, estimated price for first 5 years (in dollars per ounce) | $ / oz           1,225  
Valuation assumption, estimated price after first 5 years (in dollars per ounce) | $ / oz       1,200      
Real weighted average cost of capital discount rate   6.00%       6.00%  
Fair value assumptions, mineralization of cash generating units (in dollars per ounce) | $ / oz           45  
Property, plant and equipment [member]              
Disclosure of impairment loss and reversal of impairment loss [line items]              
Reversal of impairment charges   $ 0.0 $ 124.1   0.0 $ 124.1 0.0
Reversal of impairment charges, net of tax     79.9        
Exploration and evaluation assets              
Disclosure of impairment loss and reversal of impairment loss [line items]              
Reversal of impairment charges   $ 0.0 $ 400.0   $ 0.0 $ 400.0 $ 0.0
v3.8.0.1
COMMITMENTS (Details) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Disclosure Of Commitments [Line Items]    
Purchase obligations $ 78.2 $ 53.2
Capital expenditure obligations 26.3 4.6
Operating leases 18.1 4.3
Total commitments 122.6 $ 62.1
Less than 1 yr    
Disclosure Of Commitments [Line Items]    
Purchase obligations 71.9  
Capital expenditure obligations 22.5  
Operating leases 1.5  
Total commitments 95.9  
1-2 yrs    
Disclosure Of Commitments [Line Items]    
Purchase obligations 5.7  
Capital expenditure obligations 3.8  
Operating leases 10.1  
Total commitments 19.6  
3-5 yrs    
Disclosure Of Commitments [Line Items]    
Purchase obligations 0.4  
Capital expenditure obligations 0.0  
Operating leases 6.5  
Total commitments 6.9  
Greater than 5 yrs    
Disclosure Of Commitments [Line Items]    
Purchase obligations 0.2  
Capital expenditure obligations 0.0  
Operating leases 0.0  
Total commitments $ 0.2  
v3.8.0.1
RELATED PARTY TRANSACTIONS (Details) - Joint ventures where entity is venturer - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Non-Interest Bearing Receivable        
Disclosure of transactions between related parties [line items]        
Amounts receivable, related party transactions beginning balance $ 0.2 $ 0.0 $ 0.2 $ 0.2
Advances 0.2 0.0 0.7 0.0
Repayments (0.3) 0.0 (0.8) (0.2)
Amounts receivable, related party transactions ending balance 0.1 0.0 0.1 0.0
Interest Bearing Receivable        
Disclosure of transactions between related parties [line items]        
Amounts receivable, related party transactions beginning balance 33.1 30.2 31.3 29.3
Advances 2.8 0.3 4.6 1.2
Amounts receivable, related party transactions ending balance $ 35.9 $ 30.5 $ 35.9 $ 30.5
Interest Bearing Receivable | Floating interest rate        
Disclosure of transactions between related parties [line items]        
Borrowings, adjustment to interest rate basis     2.00%  
v3.8.0.1
SEGMENTED INFORMATION - BALANCE SHEETS (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Disclosure of operating segments [line items]    
Total non- current assets $ 2,858.5 $ 2,387.6
Total assets 3,935.4 3,400.5
Total liabilities 1,082.6 1,129.4
Gold mines    
Disclosure of operating segments [line items]    
Total non- current assets 2,148.8 2,071.2
Total assets 2,578.0 2,550.6
Total liabilities 629.4 583.8
Gold mines | BURKINA FASO    
Disclosure of operating segments [line items]    
Total non- current assets 842.4 883.4
Total assets 1,065.2 1,099.6
Total liabilities 193.3 189.9
Gold mines | SURINAME    
Disclosure of operating segments [line items]    
Total non- current assets 615.3 512.8
Total assets 799.0 667.3
Total liabilities 247.6 198.1
Gold mines | CANADA    
Disclosure of operating segments [line items]    
Total non- current assets 691.1 675.0
Total assets 713.8 783.7
Total liabilities 188.5 195.8
Exploration and evaluation    
Disclosure of operating segments [line items]    
Total non- current assets 433.7 163.1
Total assets 476.0 193.2
Total liabilities 6.8 8.4
Corporate    
Disclosure of operating segments [line items]    
Total non- current assets 276.0 153.3
Total assets 881.4 656.7
Total liabilities $ 446.4 $ 537.2
Société d'Exploitation des Mines d'Or de Sadiola S.A.    
Disclosure of operating segments [line items]    
Ownership interest in joint venture 41.00% 41.00%
Total non- current assets $ 127.3 $ 116.5
Total assets 173.0 160.2
Total liabilities $ 147.9 $ 144.1
Yatela    
Disclosure of operating segments [line items]    
Ownership interest in joint venture 40.00%  
v3.8.0.1
SEGMENTED INFORMATION - STATEMENT OF EARNINGS (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Disclosure of operating segments [line items]        
Revenues $ 268.8 $ 282.4 $ 803.8 $ 734.6
Cost of sales 165.6 160.9 494.8 458.4
Depreciation expense 62.3 69.3 197.2 193.1
General and administrative 8.9 10.0 27.8 28.8
Exploration 6.6 6.5 29.6 20.6
Impairments (reversals) 0.0 0.0 (524.1) 0.0
Other income (1.5)      
Other expenses   1.9 8.0 10.2
Earnings from operations 26.9 33.8 570.5 23.5
Net capital expenditures 44.7 72.5 138.5 222.8
Operating Segments Including Incorporated Joint Ventures        
Disclosure of operating segments [line items]        
Revenues 288.4 303.6 862.5 802.1
Cost of sales 179.5 178.7 535.9 509.4
Depreciation expense 62.7 69.6 198.3 195.3
General and administrative 8.9 10.0 27.8 28.8
Exploration 7.1 6.7 30.7 21.1
Impairments (reversals) 0.0 0.0 (524.1) 0.0
Other income (1.5)      
Other expenses   1.9 8.0 11.7
Earnings from operations 31.7 36.7 585.9 35.8
Net capital expenditures 47.1 73.6 144.3 225.5
Société d'Exploitation des Mines d'Or de Sadiola S.A.        
Disclosure of operating segments [line items]        
Revenues 19.6 21.2 58.7 67.5
Cost of sales 13.9 17.8 41.1 51.0
Depreciation expense 0.4 0.3 1.1 2.2
General and administrative 0.0 0.0 0.0 0.0
Exploration 0.5 0.2 1.1 0.5
Impairments (reversals) 0.0 0.0 0.0 0.0
Other expenses 0.0 0.0 0.0 1.5
Earnings from operations 4.8 2.9 15.4 12.3
Net capital expenditures 2.4 1.1 5.8 2.7
Gold mines        
Disclosure of operating segments [line items]        
Revenues 268.7 282.2 803.5 734.0
Cost of sales 165.6 159.6 494.8 457.4
Depreciation expense 61.5 68.2 194.4 189.7
General and administrative 0.0 0.0 0.0 0.0
Exploration 0.1 1.2 4.9 2.8
Impairments (reversals) 0.0 0.0 (116.0) 0.0
Other income (1.6)      
Other expenses   1.4 1.3 8.0
Earnings from operations 43.1 51.8 224.1 76.1
Net capital expenditures 44.0 72.0 136.8 219.3
Gold mines | BURKINA FASO        
Disclosure of operating segments [line items]        
Revenues 130.2 167.6 402.2 399.2
Cost of sales 82.2 84.6 250.2 223.8
Depreciation expense 31.0 32.3 98.0 78.8
General and administrative 0.0 0.0 0.0 0.0
Exploration 0.0 0.0 0.0 0.0
Impairments (reversals) 0.0 0.0 0.0 0.0
Other expenses 0.0 0.9 0.0 0.8
Earnings from operations 17.0 49.8 54.0 95.8
Net capital expenditures 16.8 16.9 52.5 82.4
Gold mines | SURINAME        
Disclosure of operating segments [line items]        
Revenues 97.1 92.2 286.3 269.4
Cost of sales 57.5 53.4 171.4 169.4
Depreciation expense 20.0 21.7 63.4 72.9
General and administrative 0.0 0.0 0.0 0.0
Exploration 0.1 1.2 4.9 2.8
Impairments (reversals) 0.0 0.0 (116.0) 0.0
Other expenses 0.4 0.2 2.3 3.6
Earnings from operations 19.1 15.7 160.3 20.7
Net capital expenditures 13.2 34.2 36.7 67.8
Gold mines | CANADA        
Disclosure of operating segments [line items]        
Revenues 41.4 22.4 115.0 65.4
Cost of sales 25.9 21.6 73.2 64.2
Depreciation expense 10.5 14.2 33.0 38.0
General and administrative 0.0 0.0 0.0 0.0
Exploration 0.0 0.0 0.0 0.0
Impairments (reversals) 0.0 0.0 0.0 0.0
Other income (2.0)      
Other expenses   0.3 (1.0) 3.6
Earnings from operations 7.0 (13.7) 9.8 (40.4)
Net capital expenditures 14.0 20.9 47.6 69.1
Exploration and evaluation        
Disclosure of operating segments [line items]        
Revenues 0.0 0.0 0.0 0.0
Cost of sales 0.0 0.0 0.0 0.0
Depreciation expense 0.0 0.1 0.1 0.2
General and administrative 0.0 0.1 0.1 0.3
Exploration 6.5 5.3 24.7 17.8
Impairments (reversals) 0.0 (400.0) 0.0
Other expenses 0.1 0.1 0.3 0.3
Earnings from operations (6.6) (5.6) 374.8 (18.6)
Net capital expenditures 0.5 0.4 1.3 2.7
Corporate        
Disclosure of operating segments [line items]        
Revenues 0.1 0.2 0.3 0.6
Cost of sales 0.0 1.3 0.0 1.0
Depreciation expense 0.8 1.0 2.7 3.2
General and administrative 8.9 9.9 27.7 28.5
Exploration 0.0 0.0 0.0 0.0
Impairments (reversals) 0.0 0.0 (8.1) 0.0
Other expenses 0.0 0.4 6.4 1.9
Earnings from operations (9.6) (12.4) (28.4) (34.0)
Net capital expenditures $ 0.2 $ 0.1 $ 0.4 $ 0.8