XML 81 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHARE CAPITAL AND SHARE-BASED PAYMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
Share-Based Payment Arrangements [Abstract]  
Disclosure of number and weighted average exercise prices of share options
The changes in stock options issued during the years ended December 31, 2017 and December 31, 2016 are as follows:
 
2017
2016
 
Number of stock options

Weighted average exercise price (C$/option)

Number of stock options

Weighted average exercise price (C$/option)

Outstanding, beginning of year
3,038,707

8.52

3,193,106

8.97

     Granted
489,305

12.50

798,020

7.19

Assumed in connection with the acquisition of Seabee Gold Operation (note 3)
—

—

809,286

6.35

     Exercised
(440,317
)
(6.60
)
(1,181,387
)
(7.28
)
     Forfeited
(111,335
)
(11.25
)
(580,318
)
(8.70
)
Outstanding, end of year
2,976,360

9.35

3,038,707

8.52
Disclosure of indirect measurement of fair value of goods or services received, share options granted during period
The weighted average fair value of stock options granted during the year ended December 31, 2017 and year ended December 31, 2016 were estimated to be C$5.97 and C$3.34 per stock option, respectively, at the grant date using the Black-Scholes option pricing model, based on the following assumptions:
Years ended December 31
2017
2016
Forfeiture rate (%)
3.0
3.0
Dividend yield (%)
—
—
Average risk-free interest rate (%)
1.00
0.63
Expected life (years)
4.2
4.2
Volatility (%)
60.9
59.5
Disclosure of range of exercise prices of outstanding share options
The following table summarizes information about stock options outstanding and exercisable at December 31, 2017:
 
Stock options outstanding
 
Stock options exercisable
 
Exercise prices (C$)
Stock options outstanding

Weighted average remaining contractual life (years)

Stock options exercisable

Weighted average exercise price
(C$/option)

3.30 - 7.02
585,719

3.3

382,281

5.53

7.03 - 7.36
800,162

4.4

308,411

7.22

7.37 - 11.95
758,815

3.7

592,148

9.11

11.96 - 28.78
831,664

3.9

367,709

16.75

 
2,976,360

3.9

1,650,549

9.63
Disclosure of number and weighted average exercise prices of other equity instruments
Years ended December 31
2017

2016

 
Number of DSUs

Number of DSUs

Outstanding, beginning of year
535,579

439,136

Granted
73,184

96,443

Outstanding, end of year
608,763

535,579

Years ended December 31
2017

2016

 
Number of PSUs

Number of PSUs

Outstanding, beginning of year
524,550

413,150

     Granted
159,850

276,000

     Settled
(190,000
)
(125,950
)
     Forfeited
(102,968
)
(38,650
)
Outstanding, end of year
391,432

524,550

Years ended December 31
2017

2016

 
Number of RSUs

Number of RSUs

Outstanding, beginning of year
704,055

640,077

     Granted
242,565

409,279

     Settled
(313,003
)
(244,982
)
     Forfeited
(92,611
)
(100,319
)
Outstanding, end of year
541,006

704,055
Explanation of effect of share-based payments on entity's profit or loss [text block]
Total share-based compensation, including all equity and cash-settled arrangements, for the years ended December 31, 2017 and 2016 has been recognized in the consolidated financial statements as follows:
Years ended December 31
2017

2016

 
$

$

Equity-settled
 
 
Cost of inventory
190

97

General and administrative expense
1,988

1,999

Exploration, evaluation and reclamation expenses
41

37

Cash-settled
 
 
Cost of inventory
1,639

2,109

General and administrative expense
2,237

5,948

Exploration, evaluation and reclamation expenses
—

100

Total
6,095

10,290