XML 117 R68.htm IDEA: XBRL DOCUMENT v3.20.1
Management of Financial Risk (Tables)
 12 Months Ended
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