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v3.20.1

Management of Financial Risk (Tables) | 12 Months Ended
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Dec. 31, 2019
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Schedule of Company's Maximum Exposure to Credit Risk |
|  | December 31, |  | December 31,
|  | 2019 |  | 2018
Cash and cash equivalents |  | $ | 83,404 |  | $ | 90,503
Short term investments |  |  | - |  |  | 72,824
Derivative assets |  |  | - |  |  | 2,646
Accounts receivable and other assets |  |  | 47,707 |  |  | 32,769
Income tax receivable |  |  | 2,553 |  |  | 136
Non-current receivables |  |  | 38,389 |  |  | 15,241
|  | $ | 172,053 |  | $ | 214,119
Schedule of Company's Liquidity Risk |
|  | Expected payments due by year as at December 31, 2019
|  | Less than |  |  |  |  |  | After |  |
|  | 1 year |  | 1 - 3 years |  | 4 - 5 years |  | 5 years |  | Total
Trade and other payables |  | $ | 65,286 |  | $ | - |  | $ | - |  | $ | - |  | $ | 65,286
Debt |  |  | - |  |  | 110,000 |  |  | 46,000 |  |  | - |  |  | 156,000
Income taxes payable |  |  | 12,400 |  |  | - |  |  | - |  |  | - |  |  | 12,400
Lease obligations |  |  | 9,313 |  |  | 9,424 |  |  | 4,097 |  |  | 14,958 |  |  | 37,792
Other liabilities |  |  | - |  |  | 499 |  |  | - |  |  | - |  |  | 499
Capital commitments, Lindero 1 |  |  | 24,467 |  |  | - |  |  | - |  |  | - |  |  | 24,467
Closure and reclamation provisions |  |  | 2,699 |  |  | 7,565 |  |  | 1,846 |  |  | 21,255 |  |  | 33,365
|  | $ | 114,165 |  | $ | 127,488 |  | $ | 51,943 |  | $ | 36,213 |  | $ | 329,809
1) Net of $10.9 million of deposits on equipment and advances to contractors.
|  | Expected payments due by year as at December 31, 2018
|  | Less than |  |  |  |  |  |  |  | After |  |  |
|  | 1 year |  | 1 - 3 years |  | 4 - 5 years |  | 5 years |  | Total
Trade and other payables |  | $ | 48,510 |  | $ | - |  | $ | - |  | $ | - |  | $ | 48,510
Debt |  |  | - |  |  | - |  |  | 70,000 |  |  | - |  |  | 70,000
Derivative liabilities |  |  | 224 |  |  | - |  |  | - |  |  | - |  |  | 224
Income tax payable |  |  | 8,358 |  |  | - |  |  | - |  |  | - |  |  | 8,358
Equipment loan |  |  | 4,328 |  |  | 5,371 |  |  | - |  |  | - |  |  | 9,699
Other liabilities |  |  | - |  |  | 1,166 |  |  | - |  |  | - |  |  | 1,166
Operating leases |  |  | 1,055 |  |  | 1,248 |  |  | 250 |  |  | - |  |  | 2,553
Capital commitments, Lindero |  |  | 111,940 |  |  | - |  |  | - |  |  | - |  |  | 111,940
Provisions |  |  | 878 |  |  | 6,738 |  |  | 4,029 |  |  | 6,262 |  |  | 17,907
|  | $ | 175,293 |  | $ | 14,523 |  | $ | 74,279 |  | $ | 6,262 |  | $ | 270,357
Schedule of capital structure |
|  | December 31, |  | December 31,
|  | 2019 |  | 2018
Equity |  | $ | 635,426 |  | $ | 602,804
Debt |  |  | 146,535 |  |  | 69,302
Lease obligations |  |  | 23,879 |  |  | 8,766
Less: Cash, cash equivalents and short-term investments |  |  | (83,404) |  |  | (163,327)
|  | $ | 722,436 |  | $ | 517,545
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 |
|  | December 31, 2019
|  | Canadian Dollars |  | Peruvian Soles |  | Mexican Pesos |  | Argentinian Pesos
Cash and cash equivalents |  | 626 |  | 2,293 |  | 13,103 |  | 11,762
Accounts receivable and other assets |  | 310 |  | 1,827 |  | 3,972 |  | 117,539
Income tax receivable |  | - |  | 8,451 |  | - |  | -
Investments in associates |  | 1,373 |  | - |  | - |  | -
VAT - long term receivable |  | - |  | - |  | 10,715 |  | 2,039,929
Trade and other payables |  | (8,549) |  | (19,385) |  | (214,679) |  | (1,454,444)
Due to related parties |  | (18) |  | - |  | - |  | -
Provisions, current |  | - |  | - |  | (3,942) |  | -
Income tax payable |  | - |  | - |  | (161,900) |  | -
Other liabilities |  | - |  | - |  | (4,217) |  | -
Provisions |  | - |  | - |  | (87,459) |  | -
Total foreign currency exposure |  | (6,258) |  | (6,814) |  | (444,407) |  | 714,786
US$ equivalent of foreign currency exposure |  | (4,818) |  | (2,054) |  | (23,582) |  | 11,815
|  | December 31, 2018
|  | Canadian Dollars |  | Peruvian Soles |  | Mexican Pesos |  | Argentinian Pesos
Cash and cash equivalents |  | 376 |  | 941 |  | 37,039 |  | 6,967
Accounts receivable and other assets |  | 279 |  | 3,660 |  | 11,836 |  | 37,129
Income tax receivable |  | - |  | 459 |  | - |  | -
Investments in associates |  | 5,244 |  | - |  | - |  | -
VAT - long term receivable |  | - |  | - |  | - |  | 560,873
Trade and other payables |  | (8,478) |  | (18,492) |  | (218,833) |  | (125,159)
Due to related parties |  | (23) |  | - |  | - |  | -
Provisions, current |  | - |  | - |  | (2,991) |  | -
Income tax payable |  | - |  | (4,591) |  | (59,810) |  | -
Other liabilities |  | - |  | - |  | (2,296) |  | -
Provisions |  | - |  | - |  | (66,977) |  | -
Total foreign currency exposure |  | (2,602) |  | (18,023) |  | (302,032) |  | 479,810
US$ equivalent of foreign currency exposure |  | (2,010) |  | (5,458) |  | (16,055) |  | 11,646
Disclosure of sensitivity due to change in risk assumptions |
|  |  |  | Effect on foreign
|  |  |  | denominated
Currency (Expressed in $000's) |  | Change |  | items
Mexican Peso |  | +/- 10% |  | $ | 2,144
Peruvian Soles |  | +/- 10% |  | $ | 187
Argentinian Peso |  | +/- 10% |  | $ | 1,029
Canadian Dollar |  | +/- 10% |  | $ | 438
Commodity price risk [member] |
Disclosure of nature and extent of risks arising from financial instruments [line items] |
Disclosure of sensitivity due to change in risk assumptions |
Metal (Expressed in $000,s) |  | Change |  | Effect on Sales
Silver |  | +/- 10% |  | $ | 3,424
Gold |  | +/- 10% |  | $ | 1,767
Lead |  | +/- 10% |  | $ | 216
Zinc |  | +/- 10% |  | $ | 281

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