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Financial Instruments and Risk Management (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of fair value measurement of assets
December 31, 2022December 31, 2021
Level 1Level 2Level 3Level 1Level 2
Financial assets (liabilities)
Fair value through profit or loss
Esperanza Milestone Payments (note 14)— — 19.1 — — 
Esperanza silver stream held for sale (note 14)— — 5.0 — — 
Gold options— 0.1 — — 0.5 
Fair value through OCI
Equity securities18.6 — — 23.9 — 
Currency hedging derivative instruments— (4.3)— — 2.6 
Fuel options— — — — 0.4 
$18.6 ($4.2)$24.1 $23.9 $3.5 
Disclosure of fair value measurement of liabilities
December 31, 2022December 31, 2021
Level 1Level 2Level 3Level 1Level 2
Financial assets (liabilities)
Fair value through profit or loss
Esperanza Milestone Payments (note 14)— — 19.1 — — 
Esperanza silver stream held for sale (note 14)— — 5.0 — — 
Gold options— 0.1 — — 0.5 
Fair value through OCI
Equity securities18.6 — — 23.9 — 
Currency hedging derivative instruments— (4.3)— — 2.6 
Fuel options— — — — 0.4 
$18.6 ($4.2)$24.1 $23.9 $3.5 
Disclosure of detailed information about financial instruments Company held shares in the following companies:
Fair Value as at
CompanyDecember 31, 2022
Zacatecas Silver Corp.$6.7 
Red Pine Exploration Inc.5.7 
Orford Mining Corp.2.0 
Aztec Minerals Corp.1.6 
Monarch Mining Corp.0.5 
Manitou Gold Inc.0.7 
Other investments1.4 
$18.6 

As at December 31, 2021 the Company held shares in various companies with a fair value of $23.9 million.
Disclosure of detailed information about hedges
The fair value of derivative instrument Asset (Liability) is as follows:
December 31,December 31,
20222021
Derivatives designated as hedging instruments
Currency hedging derivative instruments(4.3)$2.6 
Fuel options— 0.4 
($4.3)$3.0 
Derivatives not designated as hedging instruments
Gold options$0.1 0.5 
Disclosure of information about credit exposures designated as measured at fair value through profit or loss
December 31,December 31,
20222021
Balance, beginning of the period$4.0 $5.7 
Unrealized (loss) gain on currency instruments(8.5)2.1 
Less: realized loss (gain) on CAD currency instruments5.0 (1.7)
Less: realized gain on MXN currency instruments(3.9)(2.1)
Deferred income tax related to hedging instrument1.5 — 
($1.9)$4.0 
The effective portion of the changes in fair value of the fuel contracts for the years ended December 31, 2022 and 2021 recorded in accumulated other comprehensive (loss) income is:
December 31,December 31,
20222021
Balance, beginning of the period$0.4 $0.4 
Unrealized gain on fuel contracts2.5 0.6 
Less: realized gain on fuel contracts(2.9)(0.6)
Deferred income tax related to fuel contracts0.1 — 
$0.1 $0.4 
Schedule of Contracts Settled on Monthly Basis The open contracts, which settle on a monthly basis, are summarized as at December 31, 2022:
Canadian dollar contracts

Period CoveredContract typeContracts
(CAD$ Millions)		Average minimum rate (USD/CAD)Average maximum
rate (USD/CAD)
2023Collars558.01.291.35
2023Forwards30.01.31—

Mexican Peso contracts

Period CoveredContract typeContracts
(MXN Millions)		Average minimum rate (MXN/USD)Average maximum
rate (MXN/USD)
2023Collars1,020.020.4622.59
Schedule of Outstanding Derivative Contracts
The following gold collar contracts are outstanding as of December 31, 2022:
Period CoveredContract typeOunces subject to contractAverage purchase put optionAverage sold call option
20231
Collars44,100$1,755$2,144
1.The Company also has 44,100 of sold put options at an average price of $1,596 per ounce that mature in the same period as the corresponding collars.
The following fuel option contracts are outstanding as of December 31, 2022:
Period CoveredContract typeGallons subject to contractAverage purchase call option/gallonAverage sold put option/gallon
2023 Collars1,512,000$3.20$2.92
Schedule of Foreign Currency Exchange Rate Risk
December 31, 2022December 31, 2021
Impact of a 10% change in foreign exchange rates
Canadian dollar$3.6 $1.4 
Mexican peso0.3 0.4 
Disclosure of credit risk exposure The currencies of the Company's financial instruments and other foreign currency denominated liabilities based on notional amounts, denominated in U.S dollar equivalents were as follows:
Canadian DollarsMexican Peso
December 31,
2022		December 31,
2021		December 31,
2022		December 31,
2021
Cash and cash equivalents$21.6 $21.3 $4.1 $8.8 
Equity securities18.6 23.9 — — 
Amounts receivable16.6 7.9 21.5 21.0 
Other monetary assets (liabilities)9.8 17.2 (0.8)(0.6)
Accounts payable and accrued liabilities(102.7)(83.8)(19.3)(26.1)
Deferred income taxes(642.1)(561.2)(18.8)(62.0)
Total exposure to currency risk(678.2)(574.7)(13.3)(58.9)
The Company's maximum exposure to credit risk is as follows:
December 31, 2022December 31, 2021
Cash and cash equivalents$129.8 $172.5 
Esperanza Milestone Payments (note 14)19.1 — 
Other receivables4.6 4.0 
Total financial instrument exposure to credit risk$153.5 $176.5 
Schedule of Maturities of Debt
The following table shows the maturities of contractual commitments. The amount presented represents the future undiscounted principal and interest cash flows, and therefore, do not equate to the carrying amounts on the consolidated statements of financial position.
Less than 1 year2 - 3 years4 - 5 yearsMore than 5 yearsTotal
Operating and financing leases0.5 0.9 0.2 — 1.6 
Accounts payable and accrued liabilities181.2 — — — 181.2 
Decommissioning liability8.5 43.3 12.0 70.2 134.0 
Contract mining43.0 52.4 30.1 — 125.5 
Capital commitments124.8 30.6 — — 155.4 
$358.0 $127.2 $42.3 $70.2 $597.7