Management of Financial Risk (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of nature and extent of risks arising from financial instruments [line items]

Schedule of Company's Maximum Exposure to Credit Risk

The Company’s maximum exposure to credit risk as at December 31, 2017 and 2016 is as follows:


		December 31,		December 31,
		2017		2016
Cash and cash equivalents	$	183,074	$	82,484
Short term investments		29,500		41,100
Marketable securities		556		1,579
Derivative assets		140		973
Accounts receivable and other assets		36,370		24,987
Income tax receivable		130		72
Other non-current receivables		1,223		562
	$	250,993	$	151,757

Schedule of Company's Liquidity Risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The tables include cash flows associated with both interest and principal payments.


	Expected payments due by year as at December 31, 2017
		Less than						After
		1 year		1 – 3 years		4 – 5 years		5 years		Total
Trade and other payables	$	41,476	$	-	$	-	$	-	$	41,476
Bank loan		-		40,000		-		-		40,000
Derivative liabilities		2,328		-		-		-		2,328
Income tax payable		14,237		-		-		-		14,237
Finance lease obligations		906		-		-		-		906
Other liabilities		-		1,356		-		-		1,356
Operating leases		653		1,025		634		-		2,312
Provisions		1,708		4,690		5,465		3,323		15,186
	$	61,308	$	47,071	$	6,099	$	3,323	$	117,801


	Expected payments due by year as at December 31, 2016
		Less than						After
		1 year		1 – 3 years		4 – 5 years		5 years		Total
Trade and other payables	$	40,160	$	-	$	-	$	-	$	40,160
Bank loan		-		40,000		-		-		40,000
Derivative liabilities		254		-		-		-		254
Income tax payable		14,447		-		-		-		14,447
Finance lease obligations		2,189		912		-		-		3,101
Other liabilities		-		3,544		-		-		3,544
Operating leases		431		360		82		-		873
Provisions		1,154		2,728		5,172		5,174		14,228
	$	58,635	$	47,544	$	5,254	$	5,174	$	116,607

Currency risk [member]

Disclosure of nature and extent of risks arising from financial instruments [line items]

Disclosure of Nature and Extent of Risks Arising from Financial Instruments

As at December 31, 2017 and 2016, the Company was exposed to currency risk through the following assets and liabilities denominated in foreign currencies:


	December 31, 2017
	Canadian Dollars	Peruvian Soles	Mexican Pesos	Argentinian Pesos
Cash and cash equivalents	4,511	693	27,842	12,186
Marketable securities	697	-	-	-
Accounts receivable and other assets	292	4,428	3,018	33
Income tax receivable	-	421	-	-
Investments in associates	3,685	-	-	-
Trade and other payables	(14,950)	(17,244)	(253,702)	(7,814)
Provisions, current	-	-	(2,418)	-
Income tax payable	-	(6,631)	(176,977)	-
Other liabilities	(1,576)	-	(1,967)	-
Provisions	-	-	(78,567)	-
Total foreign currency exposure	(7,341)	(18,333)	(482,771)	4,405
US$ equivalent of foreign currency exposure	(5,852)	(5,650)	(24,462)	236



	December 31, 2016
	Canadian Dollars	Peruvian Soles	Mexican Pesos	Argentinian Pesos
Cash and cash equivalents	9,436	4,098	7,788	16,502
Marketable securities	2,300	-	-	-
Accounts receivable and other assets	343	3,810	3,369	115
Income tax receivable	-	243	-	-
Deposits on non-current assets	-	-	4,325	8,419
Trade and other payables	(14,581)	(13,666)	(208,364)	(3,891)
Due to related parties	(14)	-	-	-
Provisions, current	-	(2,765)	(6,169)	-
Income tax payable	-	(7,564)	(202,804)	509
Other liabilities	(4,679)	-	(1,220)	-
Provisions	-	(24,719)	(93,520)	(7,283)
Total foreign currency exposure	(7,195)	(40,563)	(496,595)	14,371
US$ equivalent of foreign currency exposure	(5,359)	(12,072)	(24,032)	904

Sensitivity as to change in foreign currency exchange rates on our foreign currency exposure as at December 31, 2017 is provided below:



			Effect on foreign
			denominated
Currency	Change		items
Mexican Peso	+/- 10%	$	2,351
Peruvian Soles	+/- 10%	$	739
Argentinian Peso	+/- 10%	$	52
Canadian Dollar	+/- 10%	$	509

Commodity price risk [member]

Disclosure of nature and extent of risks arising from financial instruments [line items]

Disclosure of Nature and Extent of Risks Arising from Financial Instruments



Metal	Change		Effect on Sales
Silver	+/- 10%	$	6,708
Gold	+/- 10%	$	3,483
Lead	+/- 10%	$	279
Zinc	+/- 10%	$	453