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Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Financial instruments [Abstract]  
Disclosure of financial assets by categories Financial assets and liabilities by categories:
December 31, 2022Amortized costFVTPLFVTOCITotal
Financial Assets:  
Cash and cash equivalents$107,005 $— $— $107,005 
Trade receivables from provisional concentrates sales (1)
— 50,258 — 50,258 
Receivable not arising from sale of metal concentrates (1)
77,442 — 77,442 
Short-term investments— 35,337 — 35,337 
Long-term investment (2)
— — 121,200 121,200 
Derivative assets— 2,883 — 2,883 
$184,447 $88,478 $121,200 $394,125 
Financial Liabilities:
Derivative liabilities$— $1,780 $— $1,780 
Debt$193,722 $— $— $193,722 
(1)Included in Trade and other receivables.
(2)The Company's investment in Maverix (Note 13).
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.
Disclosure of financial liabilities by categories Financial assets and liabilities by categories:
December 31, 2022Amortized costFVTPLFVTOCITotal
Financial Assets:  
Cash and cash equivalents$107,005 $— $— $107,005 
Trade receivables from provisional concentrates sales (1)
— 50,258 — 50,258 
Receivable not arising from sale of metal concentrates (1)
77,442 — 77,442 
Short-term investments— 35,337 — 35,337 
Long-term investment (2)
— — 121,200 121,200 
Derivative assets— 2,883 — 2,883 
$184,447 $88,478 $121,200 $394,125 
Financial Liabilities:
Derivative liabilities$— $1,780 $— $1,780 
Debt$193,722 $— $— $193,722 
(1)Included in Trade and other receivables.
(2)The Company's investment in Maverix (Note 13).
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 $— $15,300 
(1)Included in Trade and other receivables.
Disclosure of financial instruments at fair value through profit or loss
The losses from short-term investments recorded at FVTPL for the year ended December 31, 2022 and 2021 were as follows:
 20222021
Unrealized losses on short-term investments$(16,615)$(60,355)
Realized gains on short-term investments394 633 
 $(16,221)$(59,722)
The gains (losses) on derivatives for the year ended December 31, 2022 and 2021 were comprised of the following:
 20222021
Realized gains on derivatives$9,877 $9,156 
Unrealized losses on derivatives(2,541)(3,763)
 $7,336 $5,393 
Disclosure of financial instruments designated at fair value through profit or loss
The losses from the Company's long-term investment (Note 13) recorded at FVTOCI for the year ended December 31, 2022 and 2021 were as follows:
 20222021
Unrealized loss on long-term investment$(3,477)$— 
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, 2022At December 31, 2021
 Level 1Level 2Level 1Level 2
Assets and Liabilities:    
Short-term investments$35,337 $ $51,723 $— 
Long-term investment121,200  — — 
Trade receivables from provisional concentrate sales 50,258 — 40,020 
Derivative assets 2,883 — 3,995 
Derivative liabilities (1,780)— (351)
 $156,537 $51,361 $51,723 $43,664 
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,
2022
December 31,
2021
Cash and cash equivalents$107,005 $283,550 
Trade accounts receivable (1)
50,258 40,020 
Supplier advances (1)
8,914 11,228 
Employee loans (1)
338 667 
(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 2022
 Within 1 year2 - 3 years4- 5 years
After 5
years
Total
Accounts payable and accrued liabilities other than:$291,436 $— $— $— $291,436 
Severance liabilities13,860 1,039 645 4,489 20,033 
Payroll liabilities2,758 — — — 2,758 
Total accounts payable and accrued liabilities308,054 1,039 645 4,489 314,227 
Income tax payables25,833 — — — 25,833 
Derivative liabilities1,780 — — — 1,780 
Debt
  Repayment of principal13,712 173,435 6,575 — 193,722 
  Interest and standby fees11,222 17,681 125 — 29,028 
Provisions (1)(2)
3,448 2,423 — 1,081 6,952 
Future payroll liabilities2,465 8,659 — — 11,124 
Total contractual obligations (2)
$366,514 $203,237 $7,345 $5,570 $582,666 
(1)Total litigation provision (Note 16).
(2)Amounts above do not include payments related to closure and decommissioning (current $14.4 million, long-term $281.8 million) discussed in Note 16, lease obligations discussed in Note 17, the $20.8 million deferred credit arising from the Navidad acquisition discussed in Note 20, and deferred tax liabilities of $140.3 million in Note 30.
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 liabilities26,695 404 33 4,450 31,582 
Payroll liabilities3,763 — — — 3,763 
Total accounts payable and accrued liabilities306,087 404 33 4,450 310,974 
Income tax payables59,133 — — — 59,133 
Derivative liabilities351— — — 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 payroll liabilities3,352 9,058 — — 12,410 
Total contractual obligations (2)
$377,674 $23,682 $6,565 $4,450 $412,371 
(1)Total litigation provision (Note 16).
(2)Amounts above do not include payments related to closure and decommissioning (current $5.3 million, long-term $237.6 million) discussed in Note 16, lease obligations discussed in Note 17, the $20.8 million deferred credit arising from the Navidad acquisition discussed in Note 20, and deferred tax liabilities of $184.8 million in Note 30.
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 tax assets and liabilities denominated in foreign currencies: 
At December 31, 2022Cash 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$40,904 $2,602 $ $(42,345)$24,048 
Mexican Peso3,082 32,587 12,649 (42,992)(16,295)
Argentine Peso9,348 9,339 856 (33,479) 
Bolivian Boliviano4,849 6,645 (5,154)(8,655)(4,492)
European Euro40     
Peruvian Sol3,183 20,233 (523)(28,873)(87,719)
Guatemala quetzal59 105 (63)(7,265) 
 $61,465 $71,511 $7,765 $(163,609)$(84,458)
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(1)
Canadian Dollar$60,507 $3,389 $— $(27,448)$36,799 
Mexican Peso1,159 7,681 (14,633)(25,985)(64,297)
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 (22,234)(54,953)(94,367)
Guatemala quetzal169 539 (91)(9,919)— 
 $91,354 $49,761 $(43,399)$(161,744)$(128,832)
At December 31, 2022, the Company had outstanding positions on its foreign currency exposure of Mexican peso ("MXN"), Peruvian sol ("PEN") and Canadian dollar ("CAD") purchases. The Company recorded the following derivative gains and losses on currencies for the year ended December 31, 2022 and 2021:
20222021
Mexican peso gains (losses) $1,507 $(202)
Peruvian sol gains (losses)3,471 (3,744)
Canadian dollar (losses) gains (2,944)851 
$2,034 $(3,095)
Schedule of derivative gains and losses The Company recorded the following derivative gains and losses on commodities for the year ended December 31, 2022 and 2021:
20222021
Zinc gains$1,701 $137 
Copper losses (1,139)
Diesel gains4,499 9,397 
Other(898)94 
$5,302 $8,489