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Management of Financial Risk (Tables)
 12 Months Ended
Dec. 31, 2020
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,

(Expressed in $ millions)

    
2020

    

2019

Cash and cash equivalents

 

$

131,898

 

$

83,404

Accounts receivable and other assets

 

 

76,555

 

 

47,707

Income tax receivable

 

 

 -

 

 

2,553

Other non-current receivables

 

 

5,495

 

 

40,744

 

 

$

213,948

 

$

174,408

 

Schedule of Company's Liquidity Risk

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected payments due by year as at December 31, 2020

 

 

 

Less than

 

 

 

 

 

 

After

 

 

 

 

 

1 year

    

 

1 - 3 years

    

 

4 - 5 years

 

 

5 years

 

 

Total

Trade and other payables

 

$

65,275

 

$

 -

 

$

 -

 

$

 -

 

$

65,275

Debt

 

 

 -

 

 

120,000

 

 

46,000

 

 

 -

 

 

166,000

Income taxes payable

 

 

23,808

 

 

 -

 

 

 -

 

 

 -

 

 

23,808

Lease obligations

 

 

7,367

 

 

6,166

 

 

4,043

 

 

14,127

 

 

31,703

Other liabilities

 

 

 -

 

 

2,523

 

 

 -

 

 

 -

 

 

2,523

Capital commitments, Lindero  1

 

 

558

 

 

 -

 

 

 -

 

 

 -

 

 

558

Closure and reclamation provisions

 

 

433

 

 

5,444

 

 

10,692

 

 

23,781

 

 

40,350

 

 

$

97,441

 

$

134,133

 

$

60,735

 

$

37,908

 

$

330,217

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 tax payable

 

 

12,400

 

 

 -

 

 

 -

 

 

 -

 

 

12,400

Lease obligations

 

 

9,313

 

 

9,424

 

 

4,097

 

 

14,958

 

 

37,792

Other liabilities

 

 

 -

 

 

499

 

 

 -

 

 

 -

 

 

499

Capital commitments, Lindero

 

 

24,467

 

 

 -

 

 

 -

 

 

 -

 

 

24,467

Provisions

 

 

2,699

 

 

7,565

 

 

1,846

 

 

21,255

 

 

33,365

 

 

$

114,165

 

$

127,488

 

$

51,943

 

$

36,213

 

$

329,809

 

Schedule of capital structure

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 
2020

    

2019

Equity

 

$

725,770

 

$

635,426

Debt

 

 

158,616

 

 

146,535

Lease obligations

 

 

19,497

 

 

23,879

Less:  cash and cash equivalents

 

 

(131,898)

 

 

(83,404)

 

 

$

771,985

 

$

722,436

 

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 Foreign Exchange Currency Risk

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

(In millions of local currency)

 

Canadian
Dollars

    

Peruvian
Soles

    

Mexican
Pesos

    

Argentine
Pesos

Cash and cash equivalents

 

1,402

 

9,658

 

3,117

 

2,326

Marketable securities

 

1,348

 

 -

 

 -

 

 -

Trade and VAT receivables

 

53

 

3,563

 

108,569

 

3,281,760

Income tax receivable

 

 -

 

6,915

 

 -

 

 -

VAT - long term receivable

 

 -

 

 -

 

67,542

 

 -

Trade and other payables

 

(17,838)

 

(28,046)

 

(311,747)

 

(764,331)

Due to related parties

 

(12)

 

 -

 

 -

 

 -

Provisions, current

 

 -

 

100

 

(4,871)

 

(77,549)

Income tax payable

 

 -

 

(275)

 

(297,083)

 

 -

Other liabilities

 

(207)

 

 -

 

(5,160)

 

 -

Provisions, non current

 

 -

 

(754)

 

(67,102)

 

 -

Total foreign currency exposure

 

(15,254)

 

(8,839)

 

(506,735)

 

2,442,206

US$ equivalent of foreign currency exposure

 

(11,981)

 

(2,439)

 

(25,402)

 

29,091

 


 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

(In millions of local currency)

 

Canadian
Dollars

    

Peruvian
Soles

    

Mexican
Pesos

    

Argentine
Pesos

Cash and cash equivalents

 

626

 

2,293

 

13,103

 

11,762

Trade and other receivables

 

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, non current

 

 -

 

 -

 

(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

 


 

 

 

 

 

 

 

 

 

 

Effect on foreign

 

 

 

 

denominated

Currency

    

Change

    

items

Mexican Peso

 

+/- 10%

 

$

2,309

Peruvian Soles

 

+/- 10%

 

$

222

Argentinian Peso

 

+/- 10%

 

$

2,645

Canadian Dollar

 

+/- 10%

 

$

1,089

 

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%

 

$

1,338

Gold

 

+/- 10%

 

$

561

Lead

 

+/- 10%

 

$

195

Zinc

 

+/- 10%

 

$

253