XML 87 R55.htm IDEA: XBRL DOCUMENT
v3.22.4

Share-Based Compensation And Other Related Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Disclosure of number and weighted average exercise prices of share options | The following table summarizes changes in stock options for the years ended December 31,:
| Stock Options Outstanding
| Shares | Weighted Average Exercise Price CAD$
As at December 31, 2020 | 317,417 |  | $ | 18.78 |
Granted | 53,115 |  | 30.70 |
Exercised | (65,780) |  | 11.77 |
Expired | (2,162) |  | 41.62 |
Forfeited | (23,587) |  | 32.27 |
As at December 31, 2021 | 279,003 |  | $ | 21.38 |
Granted | 191,649 |  | 22.95 |
Exercised | (79,542) |  | 15.12 |
Expired | (4,324) |  | 41.62 |
Forfeited | (9,819) |  | 31.32 |
As at December 31, 2022 | 376,967 |  | $ | 23.01 |
Disclosure of range of exercise prices of outstanding share options | The following table summarizes information about the Company's stock options outstanding at December 31, 2022:
| Options Outstanding | Options Exercisable
Range of Exercise Prices CAD$ | Number Outstanding as at December 31, 2022 | Weighted Average Remaining Contractual Life (years) | Weighted Average Exercise Price CAD$ | Number Outstanding as at December 31, 2022 | Weighted Average Exercise Price CAD$
$17.53 - $23.03 | 290,657 |  | 5.6 |  | $ | 21.17 |  | 99,008 |  | $ | 17.72 |
$23.04 - $28.54 | 35,409 |  | 2.7 |  | $ | 25.35 |  | 35,409 |  | $ | 25.35 |
$28.55 - $34.04 | 43,993 |  | 5.9 |  | $ | 30.70 |  | 14,668 |  | $ | 30.70 |
$34.05 - $39.48 | 6,908 |  | 4.9 |  | $ | 39.48 |  | 6,908 |  | $ | 39.48 |
| 376,967 |  | 5.3 |  | $ | 23.01 |  | 155,993 |  | $ | 21.64 |
Disclosure of assumptions used in determining fair value of options granted | The following assumptions were used in the Black-Scholes option pricing model in determining the fair value of options granted during the years ended December 31,:
| 2022 | 2021
Expected life (years) | 4.5 |  | 4.0 |
Expected volatility | 44.3 | % | 44.0 | %
Expected dividend yield | 2.7 | % | 2.4 | %
Risk-free interest rate | 3.4 | % | 1.9 | %
Weighted average exercise price (CAD$) | $ | 22.95 |  | $ | 30.70 |
Weighted average fair value (CAD$) | $ | 7.69 |  | $ | 9.39 |
Disclosure of dividends | The Company declared the following dividends for the years ended December 31, 2022 and 2021:
Declaration date | Record date | Dividend per common share
February 22, 2023 (1) | March 6, 2023 | $ | 0.10 |
November 9, 2022 | November 21, 2022 | $ | 0.10 |
August 10, 2022 | August 22, 2022 | $ | 0.11 |
May 11, 2022 | May 24, 2022 | $ | 0.12 |
February 23, 2022 | March 7, 2022 | $ | 0.12 |
November 9, 2021 | November 22, 2021 | $ | 0.10 |
August 10, 2021 | August 23, 2021 | $ | 0.10 |
May 12, 2021 | May 25, 2021 | $ | 0.07 |
February 17, 2021 | March 1, 2021 | $ | 0.07 |
(1)These dividends were declared subsequent to the year end and have not been recognized as distributions to owners during the period presented.
Performance Share Units [member] |
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Disclosure of number and aggregate fair value of other equity instruments | The following table summarizes changes in PSUs for the years ended December 31, 2022 and 2021:
PSU | Number Outstanding | Fair Value
As at December 31, 2020 | 255,559 |  | $ | 8,870 |
Granted | 79,417 |  | 2,049 |
Paid out | (117,328) |  | (4,539) |
Change in value | — |  | (901) |
As at December 31, 2021 | 217,648 |  | $ | 5,479 |
Granted | 150,469 |  | 2,456 |
Paid out | (80,159) |  | (828) |
Change in value | — |  | (2,319) |
As at December 31, 2022 | 287,958 |  | $ | 4,788 |
Restricted Share Units [member] |
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Disclosure of number and aggregate fair value of other equity instruments | The following table summarizes changes in RSUs for the years ended December 31, 2022 and 2021:
RSU | Number Outstanding | Fair Value
As at December 31, 2020 | 396,572 |  | $ | 13,730 |
Granted | 240,366 |  | 5,818 |
Paid out | (197,320) |  | (4,829) |
Forfeited | (13,218) |  | (329) |
Change in value | — |  | (3,699) |
As at December 31, 2021 | 426,400 |  | $ | 10,691 |
Granted | 341,060 |  | 5,567 |
Paid out | (198,344) |  | (3,402) |
Forfeited | (17,324) |  | (283) |
Change in value | — |  | (3,453) |
As at December 31, 2022 | 551,792 |  | $ | 9,120 |

X
- Definition The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfDividendsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2022-03-24 -Paragraph 47 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2022-en-r&anchor=para_47_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2022-03-24 -Paragraph 45 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2022-en-r&anchor=para_45_b&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the range of exercise prices for outstanding share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2022-03-24 -Paragraph 45 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2022-en-r&anchor=para_45_d&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of Number and Aggregate Fair Value of Other Equity Instruments [Table Text Block] + References No definition available. + Details
Name: | paas_DisclosureofNumberandAggregateFairValueofOtherEquityInstrumentsTableTextBlock
Namespace Prefix: | paas_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=paas_PerformanceShareUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=paas_RestrictedShareUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |