XML 124 R65.htm IDEA: XBRL DOCUMENT v3.25.1
Derivative financial instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Financial Instruments [Abstract]  
Disclosure of financial assets
December 31, 2024December 31, 2023
Assets
Foreign currency collars$— $1,338 
Euro forward contracts— 1,513 
Interest rate swaps— 458 
Foreign currency forward contracts— 6,229 
Share purchase warrants52 — 
Total assets$52 $9,538 

Classified as:December 31, 2024December 31, 2023
Current$52 $2,502 
Non-current— 7,036 
$52 $9,538 
Disclosure of financial liabilities
December 31, 2024December 31, 2023
Liabilities
Foreign currency collars$194 $— 
Euro forward contracts2,353 35 
Gold collars20,465 3,026 
Gold commodity swaps18,149 2,966 
Copper commodity swaps3,165 1,032 
Interest rate swaps12,167 12,063 
Foreign currency forward contracts4,837 — 
Total liabilities$61,330 $19,122 

Classified as:December 31, 2024December 31, 2023
Current$25,587 $279 
Non-current35,743 18,843 
$61,330 $19,122 
Disclosure of outstanding foreign currency collars
As at December 31, 2024, the Company's outstanding foreign currency collars were as follows:
2025
Canadian dollar collars
   Canadian dollar contracts US$90,000 
   Weighted average put strike price (USD:CDN)1.33
   Weighted average call strike price (USD:CDN)1.56
Euro collars
   Euro contractsUS$72,000 
   Weighted average put strike price (EUR:USD)1.10
   Weighted average call strike price (EUR:USD)0.99
Disclosure of movement of derivative assets (liabilities)
Year ended December 31,
20242023
Opening derivative asset$1,338 $— 
Change in fair value(1,537)1,346 
Settlements5 (8)
Closing derivative (liability) asset$(194)$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 are recorded in other income (expense). Changes in the fair value of foreign currency forward contracts outstanding during the year ended December 31, 2024 were as follows:
Year ended December 31,
20242023
Opening derivative asset$1,478 $— 
Change in fair value(5,088)1,478 
Settlements1,257 — 
Closing derivative (liability) asset$(2,353)$1,478 
Changes in the fair value of gold collars outstanding during the year ended December 31, 2024 were as follows:
Year ended December 31,
20242023
Opening derivative liability$(3,026)$— 
Change in fair value(17,439)(3,026)
Closing derivative liability$(20,465)$(3,026)
Changes in the fair value of gold commodity swaps outstanding during the year ended December 31, 2024 were as follows:
Year ended December 31,
Gold commodity swaps20242023
Opening derivative liability$(2,966)$— 
Change in fair value(15,183)(2,966)
Closing derivative liability$(18,149)$(2,966)

Changes in the fair value of copper commodity swaps outstanding during the year ended December 31, 2024 were as follows:
Year ended December 31,
Copper commodity swaps20242023
Opening derivative liability$(1,032)$— 
Change in fair value(2,133)(1,032)
Closing derivative liability$(3,165)$(1,032)
Changes in the fair value of interest rate swaps outstanding during the year ended December 31, 2024 were as follows:
Year ended December 31,
20242023
Opening derivative liability$(11,605)$— 
Change in fair value850 (11,182)
Settlements(1,412)(423)
Closing derivative liability$(12,167)$(11,605)
Changes in the fair value of foreign currency forward contracts outstanding during the year ended December 31, 2024 were as follows:
Year ended December 31,
20242023
Opening derivative asset$6,229 $— 
Change in fair value(11,066)6,229 
Closing derivative (liability) asset
$(4,837)$6,229 
Disclosure of outstanding gold collars
As at December 31, 2024, the Company's outstanding gold collars were as follows:
2025
Gold ounces 200,004 
Weighted average put strike price per ounceUS$1,900 
Weighted average call strike price per ounceUS$2,667