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MANAGEMENT OF FINANCIAL RISK (Tables)

12 Months Ended

Dec. 31, 2022

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

Schedule of Company's Maximum Exposure to Credit Risk

​

​	​	​	​	​	​	​
​	​	​		​	​
As at		December 31, 2022			December 31, 2021
Cash and cash equivalents	​	$	80,493	​	$	107,097
Derivative assets	​	​	19	​	​	1,490
Trade and other receivables	​	​	68,165	​	​	76,487
Income tax receivable	​	​	718	​	​	1,713
Other non-current receivables	​	​	8,484	​	​	6,032
​	​	$	157,879	​	$	192,819

​

Schedule of Company's Liquidity Risk

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Expected payments due by year as at December 31, 2022

​

​

​

Less than

​

​

​

​

​

​

After

​

​

​

​

​

1 year

​

1 - 3 years

​

4 - 5 years

​

​

5 years

​

​

Total

Trade and other payables

​

$

111,896

​

$

-

​

$

-

​

$

-

​

$

111,896

Debt

​

​

-

​

​

225,940

​

​

-

​

​

-

​

​

225,940

Income taxes payable

​

​

11,589

​

​

-

​

​

-

​

​

-

​

​

11,589

Lease obligations

​

​

11,343

​

​

8,308

​

​

5,736

​

​

5,806

​

​

31,193

Other liabilities

​

​

-

​

​

2,596

​

​

-

​

​

-

​

​

2,596

Capital commitments, Séguéla

​

​

13,923

​

​

380

​

​

-

​

​

-

​

​

14,303

Closure and reclamation provisions

​

​

3,227

​

​

24,635

​

​

9,110

​

​

23,040

​

​

60,012

​

​

$

151,978

​

$

261,859

​

$

14,846

​

$

28,846

​

$

457,529

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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​

​

​

​

​

​

​

​

​

​

Expected payments due by year as at December 31, 2021

​

​

​

Less than

​

​

​

​

​

​

​

​

After

​

​

​

​

​

​

1 year

​

1 - 3 years

​

4 - 5 years

​

​

5 years

​

​

Total

Trade and other payables

​

$

133,805

​

$

-

​

$

-

​

$

-

​

$

133,805

Debt

​

​

-

​

​

46,000

​

​

120,000

​

​

-

​

​

166,000

Income taxes payable

​

​

20,563

​

​

-

​

​

-

​

​

-

​

​

20,563

Lease obligations

​

​

12,292

​

​

11,315

​

​

2,065

​

​

15,983

​

​

41,655

Other liabilities

​

​

-

​

​

3,310

​

​

-

​

​

-

​

​

3,310

Capital commitments, Séguéla

​

​

66,542

​

​

5,217

​

​

-

​

​

-

​

​

71,759

Closure and reclamation provisions

​

​

1,883

​

​

5,561

​

​

23,954

​

​

24,714

​

​

56,112

​

​

$

235,085

​

$

71,403

​

$

146,019

​

$

40,697

​

$

493,204

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(c) Currency risk

Schedule of capital structure

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​	​	​	​	​	​	​
​	​	​	​	​	​	​
​	​	December 31, 2022			December 31, 2021
Equity	​	$	1,244,756	​	$	1,375,148
Debt	​	​	219,175	​	​	157,489
Lease obligations	​	​	21,346	​	​	29,405
Less: cash and cash equivalents	​	​	(80,493)	​	​	(107,097)
​	​	$	1,404,784	​	$	1,454,945

​

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

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2022
​		Canadian Dollars		Peruvian Soles		Mexican Pesos		Argentine Pesos		West African CFA Franc		Australian Dollars		Euro
Cash and cash equivalents	​	587	​	6,237	​	73,868	​	11,845	​	6,057,885	​	250	​	0
Marketable securities	​	105	​	-	​	-	​	-	​	-	​	-	​	-
Restricted cash	​	-	​	-	​	-	​	-	​	2,338,983	​	-	​	-
Trade and VAT receivables	​	215	​	3,317	​	73,868	​	2,062,918	​	12,979,116	​	(115)	​	-
Income tax receivable	​	-	​	28,137	​	13,900	​	-	​	-	​	-	​	-
VAT - long term receivable	​	-	​	-	​	70,520	​	-	​	-	​	-	​	-
Trade and other payables	​	(13,374)	​	(16,966)	​	(218,288)	​	(1,429,416)	​	(15,346,471)	​	(1,285)	​	(274)
Provisions, current	​	-	​	(8,123)	​	(11,729)	​	(387,883)	​	-	​	-	​	-
Income tax payable	​	51	​	-	​	(84,393)	​	-	​	(1,353,215)	​	-	​	-
Other liabilities	​	(177)	​	-	​	(9,708)	​	-	​	-	​	-	​	-
Provisions, non-current	​	-	​	(12,611)	​	(90,797)	​	-	​	-	​	-	​	-
Total foreign currency exposure	​	(12,592)	​	(9)	​	(182,759)	​	257,464	​	4,676,296	​	(1,151)	​	(274)
US$ equivalent of foreign currency exposure	​	(9,297)	​	(2)	​	(9,439)	​	1,436	​	7,416	​	(1,099)	​	(262)

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2021
​		Canadian Dollars		Peruvian Soles		Mexican Pesos		Argentine Pesos		West African CFA Franc		Australian Dollars		Euro
Cash and cash equivalents	​	1,660	​	5,508	​	18,126	​	4,319	​	11,494,909	​	5	​	28
Marketable securities	​	527	​	-	​	-	​	-	​	-	​	-	​	-
Restricted cash	​	-	​	-	​	-	​	-	​	1,166,963	​	-	​	-
Trade and VAT receivables	​	690	​	2,144	​	174,229	​	1,526,506	​	13,433,368	​	-	​	-
Income tax receivable	​	-	​	20,707	​	-	​	-	​	-	​	-	​	-
VAT - long term receivable	​	-	​	-	​	70,520	​	-	​	-	​	-	​	-
Trade and other payables	​	(3,839)	​	(17,496)	​	(400,697)	​	(1,174,033)	​	(10,094,158)	​	(939)	​	(1,431)
Provisions, current	​	-	​	(4,413)	​	(13,534)	​	(95,353)	​	-	​	-	​	-
Income tax payable	​	-	​	-	​	(87,881)	​	-	​	-	​	-	​	-
Other liabilities	​	-	​	-	​	(6,178)	​	-	​	-	​	-	​	-
Provisions, non-current	​	-	​	-	​	(87,305)	​	-	​	-	​	-	​	-
Total foreign currency exposure	​	(962)	​	6,450	​	(332,719)	​	261,439	​	16,001,083	​	(933)	​	(1,403)
US$ equivalent of foreign currency exposure	​	(755)	​	1,668	​	(16,802)	​	2,734	​	28,548	​	(671)	​	(1,207)

​

Sensitivity as to change in foreign currency exchange rates on our foreign currency exposure as at December 31, 2022 is provided below:

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​	​	​	​	​	​
​	​	​	​	Effect on foreign
​	​	​	​	denominated
Currency		Change		items
Mexican pesos	​	+/- 10%	​	$	858
Peruvian soles	​	+/- 10%	​	$	0
Argentinian pesos	​	+/- 10%	​	$	131
Canadian Dollar	​	+/- 10%	​	$	845
West African CFA franc	​	+/- 10%	​	$	674
Australian Dollar	​	+/- 10%	​	$	152
Euro	​	+/- 10%	​	$	24

​

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

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​	​	​	​	​	​
Metal		Change		Effect on Sales
Silver	​	+/- 10%	​	$	800
Gold	​	+/- 10%	​	$	363
Lead	​	+/- 10%	​	$	550
Zinc	​	+/- 10%	​	$	186

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