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FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended
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Dec. 31, 2019
FINANCIAL RISK MANAGEMENT |
Schedule of maximum exposure to credit risk | The Company’s maximum exposure to credit risk is as follows:
|  | Year ended December 31
(in millions of U.S. dollars) |  | 2019 |  | 2018
CREDIT RISK EXPOSURE |  |  |  |
Cash and cash equivalents |  | 83.4 |  | 103.7
Trade and other receivables |  | 23.7 |  | 35.9
Total financial instrument exposure to credit risk |  | 107.1 |  | 139.6
Schedule of aging of trade and other receivables | The aging of trade and other receivables is as follows:
|  | As at December 31
|  | 0-30 |  | 31-60 |  | 61-90 |  | 91-120 |  | Over 120 |  | 2019 |  | 2018
(in millions of U.S. dollars) |  | days |  | days |  | days |  | days |  | days |  | Total |  | Total
AGING TRADE AND OTHER RECEIVABLES |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rainy River |  | 4.5 |  | — |  | — |  | — |  | 1.0 |  | 5.5 |  | 8.8
New Afton |  | 3.4 |  | — |  | — |  | 2.9 |  | — |  | 6.3 |  | 8.3
Cerro San Pedro |  | 0.5 |  | 0.1 |  | 0.1 |  | 0.1 |  | 0.6 |  | 1.4 |  | 5.1
Blackwater |  | — |  | — |  | — |  | — |  | 0.3 |  | 0.3 |  | 0.3
Corporate |  | 10.2 |  | — |  | — |  | — |  | — |  | 10.2 |  | 13.4
Total trade and other receivables |  | 18.6 |  | 0.1 |  | 0.1 |  | 3.0 |  | 1.9 |  | 23.7 |  | 35.9
Schedule of contractual maturities of debt commitments | The following table shows the contractual maturities of debt commitments. The amounts presented represent the future undiscounted principal and interest cash flows, and therefore, do not equate to the carrying amounts on the consolidated statements of financial position.
|  | As at December 31
|  |  |  |  |  |  |  | After |  | 2019 |  | 2018
(in millions of U.S. dollars) |  | < 1 year |  | 1-3 years |  | 4-5 years |  | 5 years |  | Total |  | Total
DEBT COMMITMENTS |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  | 150.0 |  | — |  | — |  | — |  | 150.0 |  | 112.6
Long-term debt |  | — |  | 430.3 |  | — |  | 300.0 |  | 730.3 |  | 800.0
Interest payable on long-term debt |  | 44.2 |  | 85.1 |  | 38.3 |  | 7.1 |  | 174.7 |  | 242.9
Gold stream obligation |  | 22.0 |  | 49.9 |  | 54.9 |  | 65.9 |  | 192.7 |  | 267.5
Total debt commitments |  | 216.2 |  | 565.3 |  | 93.2 |  | 373.0 |  | 1,247.7 |  | 1,423.0
Schedule of currencies of financial instruments and other foreign currency denominated liabilities |
|  | As at December 31, 2019
(in millions of U.S. dollars) |  | CAD |  | MXN
EXPOSURE TO CURRENCY RISK |  |  |  |
Cash and cash equivalents |  | 11.0 |  | 0.3
Trade and other receivables |  | 7.0 |  | 0.9
Income tax (payable) receivable |  | (0.3) |  | 4.6
Trade and other payables |  | (86.8) |  | (13.5)
Deferred tax liability |  | (48.3) |  | —
Reclamation and closure cost obligations |  | (93.3) |  | (1.4)
Share units |  | (1.9) |  | —
Total exposure to currency risk |  | (212.6) |  | (9.1)
|  | As at December 31, 2018
(in millions of U.S. dollars) |  | CAD |  |  | MXN
EXPOSURE TO CURRENCY RISK |  |  |  |  |
Cash and cash equivalents |  | 12.9 |  |  | 0.6
Trade and other receivables |  | 9.9 |  |  | 4.9
Income tax receivable |  | — |  |  | 4.6
Trade and other payables |  | (105.0) |  |  | (14.1)
Deferred tax liability |  | (54.5) |  |  | —
Reclamation and closure cost obligations |  | (72.6) |  |  | (13.5)
Performance share units and restricted share units |  | (0.5) |  |  | —
Total exposure to currency risk |  | (209.8) |  |  | (17.5)
Schedule of changes in foreign exchange rates | . A 10% strengthening (weakening) of the U.S. dollar against the following currencies would have decreased (increased) the Company’s net loss from the financial instruments presented by the amounts shown below.
|  | Year ended December 31
(in millions of U.S. dollars) |  | 2019 |  | 2018
IMPACT OF 10% CHANGE IN FOREIGN EXCHANGE RATES |  |  |  |
Canadian dollar |  | 21.3 |  | 21.0
Mexican peso |  | 0.9 |  | 1.8
Schedule of change in commodity prices | . A 10% change in commodity prices and fuel and electricity prices would impact the Company’s net earnings before taxes and other comprehensive income before taxes as follows:
|  | Year ended December 31, 2019 |  | Year ended December 31, 2018
|  |  |  | Other |  |  |  | Other
|  | Net |  | Comprehensive |  | Net |  | Comprehensive
(in millions of U.S. dollars) |  | Earnings |  | Income |  | Earnings |  | Income
IMPACT OF 10% CHANGE IN COMMODITY PRICES |  |  |  |  |  |  |  |
Gold price |  | 19.0 |  | — |  | 37.6 |  | —
Copper price |  | 20.7 |  | — |  | 6.5 |  | —
Fuel and electricity price |  | 7.0 |  | — |  | 5.5 |  | —

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