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Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Financial instruments [Abstract]  
Disclosure of financial assets by categories Financial assets and liabilities by categories:
December 31, 2021Amortized costFVTPLTotal
Financial Assets: 
Cash and cash equivalents$283,550 $— $283,550 
Trade receivables from provisional concentrates sales (1)
— 40,020 40,020 
Receivable not arising from sale of metal concentrates (1)
76,902 — 76,902 
Short-term investments— 51,723 51,723 
Derivative assets— 3,995 3,995 
$360,452 $95,738 $456,190 
Financial Liabilities:
Derivative liabilities$— $351 $351 
Debt$15,300 $— $15,300 
(1)Included in Trade and other receivables.
December 31, 2020Amortized costFVTPLTotal
Financial Assets: 
Cash and cash equivalents$167,113 $— $167,113 
Trade receivables from provisional concentrates sales (1)
— 35,084 35,084 
Receivable not arising from sale of metal concentrates (1)
84,486 — 84,486 
Short-term investments— 111,946 111,946 
Derivative assets— 7,812 7,812 
$251,599 $154,842 $406,441 
Financial Liabilities:
Derivative liabilities$— $367 $367 
(1)Included in Trade and other receivables.
Disclosure of financial liabilities by categories Financial assets and liabilities by categories:
December 31, 2021Amortized costFVTPLTotal
Financial Assets: 
Cash and cash equivalents$283,550 $— $283,550 
Trade receivables from provisional concentrates sales (1)
— 40,020 40,020 
Receivable not arising from sale of metal concentrates (1)
76,902 — 76,902 
Short-term investments— 51,723 51,723 
Derivative assets— 3,995 3,995 
$360,452 $95,738 $456,190 
Financial Liabilities:
Derivative liabilities$— $351 $351 
Debt$15,300 $— $15,300 
(1)Included in Trade and other receivables.
December 31, 2020Amortized costFVTPLTotal
Financial Assets: 
Cash and cash equivalents$167,113 $— $167,113 
Trade receivables from provisional concentrates sales (1)
— 35,084 35,084 
Receivable not arising from sale of metal concentrates (1)
84,486 — 84,486 
Short-term investments— 111,946 111,946 
Derivative assets— 7,812 7,812 
$251,599 $154,842 $406,441 
Financial Liabilities:
Derivative liabilities$— $367 $367 
(1)Included in Trade and other receivables.
Disclosure of financial instruments at fair value through profit or loss
The Company’s short-term investments in equity securities are recorded at FVTPL. The (losses) gains from short-term investments in equity securities for the year ended December 31, 2021 and 2020 were as follows:
 20212020
Unrealized (losses) gains on short-term investments, equity securities$(60,355)$10,577 
Realized gains on short-term investments, equity securities633 51,562 
 $(59,722)$62,139 
The gains on derivatives for the year ended December 31, 2021 and 2020 were comprised of the following:
 20212020
Gains on derivatives 
Realized gains (losses) on derivatives$9,156 $(2,594)
Unrealized (losses) gains on derivatives(3,763)6,137 
 $5,393 $3,543 
Disclosure of assets and liabilities in the fair value hierarchy
The levels in the fair value hierarchy into which the Company’s financial assets and liabilities that are measured and recognized on the consolidated statements of financial position at fair value on a recurring basis were categorized as follows:
 At December 31, 2021At December 31, 2020
 Level 1Level 2Level 1Level 2
Assets and Liabilities:    
Short-term investments$51,723 $ $111,946 $— 
Trade receivables from provisional concentrate sales 40,020 — 35,084 
Derivative assets 3,995 — 7,812 
Derivative liabilities (351)— (367)
 $51,723 $43,664 $111,946 $42,529 
Disclosure of credit risk exposure
Cash and cash equivalents, trade accounts receivable and other receivables that represent the maximum credit risk to the Company consist of the following: 
 December 31,
2021
December 31,
2020
Cash and cash equivalents$283,550 $167,113 
Trade accounts receivable (1)
40,020 35,084 
Supplier advances (1)
11,228 8,186 
Employee loans (1)
667 552 
(1)Included in Trade and other receivables.
Disclosure of maturity analysis for derivative financial liabilities The following tables summarize the remaining contractual maturities of the Company's financial liabilities and operating and capital commitments on an undiscounted basis:
Payments due by period 2021
 Within 1 year2 - 3 years4- 5 years
After 5
years
Total
Accounts payable and accrued liabilities other than:$275,629 $— $— $— $275,629 
Severance accrual26,695 404 33 4,450 31,582 
Employee compensation3,763 — — — 3,763 
Total accounts payable and accrued liabilities306,087 404 33 4,450 310,974 
Income taxes payable59,133 — — — 59,133 
Loss on derivatives351 — — — 351 
Debt
  Repayment of principal3,400 6,800 5,100 — 15,300 
  Interest and standby fees2,613 4,867 1,432 — 8,912 
Provisions (1)(2)
2,738 2,553 — — 5,291 
Future employee compensation3,352 9,058 — — 12,410 
Total contractual obligations (2)
$377,674 $23,682 $6,565 $4,450 $412,371 
(1)Total litigation provision (Note 15).
(2)Amounts above do not include payments related to closure and decommissioning (current $5.3 million, long-term $237.6 million) discussed in Note 15, the $20.8 million deferred credit arising from the Navidad acquisition discussed in Note 18, and deferred tax liabilities of $184.8 million in Note 27.
Payments due by period 2020
 Within 1 year2 - 3 years4- 5 years
After 5
years
Total
Accounts payable and accrued liabilities other than:$272,266 $— $— $— $272,266 
Severance accrual2,935 3,711 1,120 76 7,842 
Employee compensation6,737 — — — 6,737 
Total accounts payable and accrued liabilities281,938 3,711 1,120 76 286,845 
Income taxes payable54,556 — — — 54,556 
Loss on derivatives367— — — 367 
Debt
  Interest and standby fees2,110 2,294 — — 4,404 
Provisions (1)(2)
3,648 3,109 85 6,843 
Future employee compensation4,396 11,468 — — 15,864 
Total contractual obligations (2)
$347,015 $20,582 $1,205 $77 $368,879 
(1)Total litigation provision (Note 15).
(2)Amounts above do not include payments related to closure and decommissioning (current $8.4 million, long-term $226.7 million) discussed in Note 15, the $20.8 million deferred credit arising from the Navidad acquisition discussed in Note 18, and deferred tax liabilities of $175.3 million in Note 27.
Disclosure of exposure to currency risk through financial assets and liabilities
The Company is exposed to currency risk through the following financial assets and liabilities, and deferred income tax assets and liabilities denominated in foreign currencies: 
At December 31, 2021Cash and
short-term
investments
Other current and
non-current
assets
Income taxes
receivable
(payable),
current and non-
current
Accounts payable
and accrued
liabilities and non-
current liabilities
Deferred tax
assets and  
liabilities
Canadian Dollar$60,507 $3,389 $ $(27,448)$ 
Mexican Peso1,159 7,681 (14,930)(25,985)(64,584)
Argentine Peso12,488 20,358 1,502 (19,525)(13)
Bolivian Boliviano8,397 499 (7,943)(23,914)(6,954)
European Euro49     
Peruvian Sol8,585 17,295 (22,207)(54,953)(94,367)
Guatemala quetzal169 539 (91)(9,919) 
 $91,354 $49,761 $(43,669)$(161,744)$(165,918)
At December 31, 2020Cash and
short-term
investments
Other current and
non-current
assets
Income taxes
receivable
(payable),
current and non-
current(1)
Accounts payable
and accrued
liabilities and non-
current liabilities
Deferred tax
assets and
liabilities(1)
Canadian Dollar$117,956 $4,952 $— $(24,310)$— 
Mexican Peso1,020 29,895 3,550 (45,050)(73,017)
Argentine Peso7,175 16,878 1,513 (14,543)— 
Bolivian Boliviano571 218 (3,159)(19,402)(7,700)
European Euro— — — — 
Peruvian Sol13,917 26,257 (39,296)(54,672)(77,810)
Guatemala quetzal453 677 — (4,559)— 
 $141,095 $78,877 $(37,392)$(162,536)$(158,527)
(1)Recast comparative to be consistent with current presentation.