XML 69 R23.htm IDEA: XBRL DOCUMENT
v3.22.4

Share capital | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure of classes of share capital [abstract] |
Share capital | Share capital At December 31, 2022, the Company had unlimited authorized common shares and 682.3 million common shares outstanding. (a) No par value common shares issued
| Number of shares | Value of shares
(in millions of U.S. dollars, except where noted) | (000s) | $
NO PAR VALUE COMMON SHARES ISSUED |  |
Balance at December 31, 2020 | 680,250 |  | 3,154.0 |
Issuance of common shares under First Nations agreements | 250 |  | 0.4 |
Exercise of options and vested performance share units | 646 |  | 1.0 |
Balance at December 31, 2021 | 681,146 |  | 3,155.4 |
Issuance of common shares under First Nations agreements | 375 |  | 0.5 |
Exercise of options and vested performance share units | 755 |  | 1.2 |
Balance at December 31, 2022 | 682,277 |  | 3,157.1 |
(b) Share-based payment expenses The following table summarizes share-based payment expenses:
|  | Year ended December 31
(in millions of U.S. dollars) |  |  | 2022 | 2021
SHARE-BASED PAYMENT EXPENSES |  |  |  |
Stock option expense |  |  | 1.2 |  | 1.1 |
Performance share unit expense |  |  | 0.5 |  | 1.6 |
Restricted share unit expense(1) |  |  | 2.1 |  | 1.4 |
Deferred share unit expense |  |  | (0.4) |  | (0.7) |
Shares issued under First Nations agreements(1) |  |  | 0.4 |  | (0.1) |
Total share-based payment expenses |  |  | 3.8 |  | 3.3 |
1. For the year ended December 31, 2022 $1.2 million of share based expenses were recognized in operating expenses (2021 – $1.1 million). (i) Stock options The following table presents changes in the Company’s stock option plan:
| Number of options | Weighted average exercise price
| (000s) | C$/share
CHANGES TO THE COMPANY'S STOCK OPTION PLAN |  |
Balance at December 31, 2020 | 4,835 |  | 1.59 |
Granted | 1,708 |  | 2.06 |
Exercised | (203) |  | 1.18 |
Forfeited | (339) |  | 2.00 |
Expired | (245) |  | 4.82 |
Balance at December 31, 2021 | 5,756 |  | 1.58 |
Granted | 1,291 |  | 2.18 |
Exercised | (755) |  | 1.17 |
Forfeited | (1,213) |  | 1.98 |
Expired | (228) |  | 3.89 |
Balance at December 31, 2022 | 4,851 |  | 1.59 |
(c) Earnings (loss) per share The following table sets out the calculation of earnings (loss) per share:
|  | Year ended December 31
(in millions of U.S. dollars, except where noted) |  |  | 2022 | 2021
CALCULATION OF EARNINGS (LOSS) PER SHARE |  |  |  |
Net (loss) earnings |  |  | (66.8) |  | 140.6 |
Basic weighted average number of shares outstanding (in millions) |  |  | 681.9 |  | 680.8 |
Dilution of securities: |  |  |  |
Stock options |  |  | — |  | 1.6 |
Diluted weighted average number of shares outstanding (in millions) |  |  | 681.9 |  | 682.4 |
Net (loss) earnings per share: |  |  |  |
Basic |  |  | (0.10) |  | 0.21 |
Diluted |  |  | (0.10) |  | 0.21 |
The following table lists the equity securities excluded from the calculation of diluted earnings per share. All stock options are excluded from the calculation when the Company is in a net loss position.
|  | Year ended December 31
(in millions of units) |  |  | 2022 | 2021
EQUITY SECURITIES EXCLUDED FROM THE CALCULATION OF DILUTED EARNINGS PER SHARE |  |  |  |
Stock options |  |  | 4.9 |  | 1.9 |

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfClassesOfShareCapitalAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of classes of share capital. [Refer: Share capital [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 79 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_79_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration