XML 123 R63.htm IDEA: XBRL DOCUMENT
v3.24.1

Derivative financial instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Derivative Financial Instruments [Abstract] |
Disclosure of financial assets |
| December 31, 2023 |  | December 31, 2022
Foreign currency collars | $ | 1,338 |  |  | $ | — |
Euro forward contracts | 1,513 |  |  | — |
Interest rate swaps | 458 |  |  | — |
Foreign currency forward contracts | 6,229 |  |  | — |
Total derivative assets | $ | 9,538 |  |  | $ | — |
Classified as: | December 31, 2023 |  | December 31, 2022
Current | $ | 2,502 |  |  | $ | — |
Non-current | 7,036 |  |  | — |
| $ | 9,538 |  |  | $ | — |
Disclosure of financial liabilities |
| December 31, 2023 |  | December 31, 2022
Euro forward contracts | $ | 35 |  |  | $ | — |
Gold collars | 3,026 |  |  | — |
Gold commodity swaps | 2,966 |  |  | — |
Copper commodity swaps | 1,032 |  |  | — |
Interest rate swaps | 12,063 |  |  | — |
Total derivative liabilities | $ | 19,122 |  |  | $ | — |
Classified as: | December 31, 2023 |  | December 31, 2022
Current | $ | 279 |  |  | $ | — |
Non-current | 18,843 |  |  | — |
| $ | 19,122 |  |  | $ | — |
Disclosure of outstanding foreign currency collars | As at December 31, 2023, the Company's outstanding foreign currency collars were as follows:
| 2024 |
Canadian dollar collars |  |
Canadian dollar contracts | US$108,000 |  |
Weighted average put strike price (USD:CDN) | 1.30 |
Weighted average call strike price (USD:CDN) | 1.44 |
Euro collars |  |
Euro contracts | €78,000 |  |
Weighted average put strike price (EUR:USD) | 1.14 |
Weighted average call strike price (EUR:USD) | 1.03 |
Disclosure of movement of derivative assets (liabilities) |
| Year ended December 31,
| 2023 |  | 2022
Opening derivative asset (liability) | $ | — |  |  | $ | — |
Change in fair value | 1,346 |  |  | — |
Settlements | (8) |  |  | — |
Closing derivative asset (liability) | $ | 1,338 |  |  | $ | — |
The foreign currency forward contracts have not been designated as hedging instruments. Changes in the fair value of the foreign currency forward contracts will be recorded in other income (expense). Changes in the fair value of foreign currency forward contracts outstanding during the year ended December 31, 2023 were as follows:
| Year ended December 31,
| 2023 |  | 2022
Opening derivative asset (liability) | $ | — |  |  | $ | — |
Change in fair value | 1,478 |  |  | — |
Closing derivative asset (liability) | $ | 1,478 |  |  | $ | — |
Changes in the fair value of gold collars outstanding during the year ended December 31, 2023 were as follows:
| Year ended December 31,
| 2023 |  | 2022
Opening derivative asset (liability) | $ | — |  |  | $ | — |
Change in fair value | (3,026) |  |  | — |
Closing derivative asset (liability) | $ | (3,026) |  |  | $ | — |
Changes in the fair value of gold commodity swaps outstanding during the year ended December 31, 2023 were as follows:
| Year ended December 31,
Gold commodity swaps | 2023 |  | 2022
Opening derivative asset (liability) | $ | — |  |  | $ | — |
Change in fair value | (2,966) |  |  | — |
Closing derivative asset (liability) | $ | (2,966) |  |  | $ | — |
Changes in the fair value of copper commodity swaps outstanding during the year ended December 31, 2023 were as follows:
| Year ended December 31,
Copper commodity swaps | 2023 |  | 2022
Opening derivative asset (liability) | $ | — |  |  | $ | — |
Change in fair value | (1,032) |  |  | — |
Closing derivative asset (liability) | $ | (1,032) |  |  | $ | — |
Changes in the fair value of interest rate swaps outstanding during the year ended December 31, 2023 were as follows:
| Year ended December 31,
| 2023 |  | 2022
Opening derivative asset (liability) | $ | — |  |  | $ | — |
Change in fair value | (11,182) |  |  | — |
Settlements | (423) |  |  | — |
Closing derivative asset (liability) | $ | (11,605) |  |  | $ | — |
Changes in the fair value of foreign currency forward contracts outstanding during the year ended December 31, 2023 were as follows:
| Year ended December 31,
| 2023 |  | 2022
Opening derivative asset (liability) | $ | — |  |  | $ | — |
Change in fair value | 6,229 |  |  | — |
Closing derivative asset (liability) | $ | 6,229 |  |  | $ | — |
Disclosure of outstanding gold collars | As at December 31, 2023, the Company's outstanding gold collars were as follows:
|  | 2024 | 2025
Gold ounces |  | 200,004 |  | 200,004 |
Weighted average put strike price per ounce |  | US$1,800 |  | US$1,900 |
Weighted average call strike price per ounce |  | US$2,765 |  | US$2,667 |

X
- Definition Derivative Financial Instruments + References No definition available. + Details
Name: | ego_DerivativeFinancialInstrumentsAbstract
Namespace Prefix: | ego_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Movement Of Derivative Assets (Liabilities) + References No definition available. + Details
Name: | ego_DisclosureOfMovementOfDerivativeAssetsLiabilitiesTextBlock
Namespace Prefix: | ego_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Outstanding Foreign Currency Collars + References No definition available. + Details
Name: | ego_DisclosureOfOutstandingForeignCurrencyCollarsTextBlock
Namespace Prefix: | ego_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Outstanding Gold Collars + References No definition available. + Details
Name: | ego_DisclosureOfOutstandingGoldCollarsTextBlock
Namespace Prefix: | ego_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial assets. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial liabilities. [Refer: Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration