FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Fair Value of Financial Instruments

As at December 31, 2024

Fair value
through OCI
$

Fair value
through
profit or loss
$

Amortized
cost
$

Total
$

Financial assets

Cash and cash equivalents

231,328

Trade receivables concentrate sales

18,920

Trade receivables doré sales

7,782

Investments in equity securities

119

Other receivables

4,332

Total financial assets

119

18,920

243,442

262,481

Financial liabilities

Trade payables

(91,180)

Payroll payable

(30,345)

Share units payable

(14,063)

2024 Convertible Notes

(126,031)

Other payables

(84,383)

Total financial liabilities

(14,063)

(331,939)

(346,002)


As at December 31, 2023	Fair value through OCI $	Fair value through profit or loss $	Amortized cost $	Total $
Financial assets
Cash and cash equivalents	-	-	128,148	128,148
Trade receivables concentrate sales	-	16,819	-	16,819
Trade receivables doré sales	-	-	3,151	3,151
Investments in equity securities	80	-	-	80
Other receivables	-	-	5,189	5,189
Total financial assets	80	16,819	136,488	153,387

Financial liabilities
Trade payables	-	-	(100,387)	(100,387)
Payroll payable	-	-	(21,896)	(21,896)
Share units payable	-	(9,259)	-	(9,259)
Metal forward sales contracts liability	-	(81)	-	(81)
Credit facilities	-	-	(162,946)	(162,946)
2019 Convertible Debentures	-	-	(43,901)	(43,901)
Other payables	-	-	(82,807)	(82,807)
Total financial liabilities	-	(9,340)	(411,937)	(421,277)

As at December 31, 2024

Level 1
$

Level 2
$

Level 3
$

Total
$

Trade receivables concentrate sales

18,920

Investments in equity securities

119

Share units payable

(14,063)


As at December 31, 2023	Level 1 $	Level 2 $	Level 3 $	Total $
Trade receivables concentrate sales	-	16,819	-	16,819
Investments in equity securities	80	-	-	80
Metal forward sales contracts liability	-	(81)	-	(81)
Share units payable	-	(9,259)	-	(9,259)


	December 31, 2024			December 31, 2023
		Carrying amount $	Fair value $		Carrying amount $	Fair value $
2024 Convertible Notes ⁽¹⁾		(126,031)	(177,330)		-	-
Credit facilities		-	-		(162,946)	(165,000)
2019 Convertible Debentures ⁽¹⁾		-	-		(43,901)	(44,344)
		(126,031)	(177,330)		(206,847)	(209,344)

(1)

The carrying amounts of the 2024 Convertible Notes and 2019 Convertible Debentures represents the liability components (Note 13), while the fair value represents the liability and equity components. The fair value of the 2024 Convertible Notes is based on the quoted prices in markets that are not active for the underlying securities. As at December 31, 2023, the fair value of the 2019 Convertible Debentures is based on the quoted market price of the convertible debentures.