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Financial Risk Management (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure Of Financial Risk Management [Abstract] |
Schedule of Financial Instrument Risk |
| Number of Gold Notes | Amount
Fair value of Gold Notes as at December 31, 2022 | 66,006,346 | $ | 67,145 |
Repayments | (7,388,882) | (7,388) |
Change in fair value through profit and loss (Note 20) | — | 8,950 |
Change in fair value through other comprehensive income due to changes in credit risk | — | (5,397) |
Fair value of Gold Notes as at December 31, 2023 | 58,617,464 | 63,310 |
Repayments | (14,777,512) | (14,778) |
Change in fair value through profit and loss (Note 20) | — | 20,275 |
Change in fair value through other comprehensive income due to changes in credit risk | — | (1,862) |
Fair value of Gold Notes as at December 31, 2024 | 43,839,952 | 66,945 |
Less: current portion | (16,132,117) | (16,132) |
Non-current portion as at December 31, 2024 | 27,707,835 | $ | 50,813 |
10. Long-term Debt (cont.)
| Number of Debentures | Amount
As at December 31, 2022 | 18,000 | $ | 13,182 |
Change in fair value through profit and loss (Note 20) | — | 1,032 |
Change in FVOCI due to changes in credit risk | — | (301) |
As at December 31, 2023 | 18,000 | $ | 13,913 |
Change in fair value through profit and loss (Note 20) | — | (565) |
Change in FVOCI due to changes in credit risk | — | (103) |
Conversion of convertible debenture | (16,200) |  | (11,920) |
Repayment of convertible debenture | (1,800) |  | (1,325) |
As at December 31, 2024 | — | $ | — |
The levels in the fair value hierarchy into which the Company’s financial assets and liabilities are recognized in the statements of financial position at fair value are categorized as follows:
| December 31, 2024 | December 31, 2023
| Level 1 | Level 2 | Level 1 | Level 2
Gold Notes (Note 10c) | $ | — |  | $ | 66,945 |  | $ | — |  | $ | 63,310 |
Warrant liabilities (Note 13c) | 8,886 |  | — |  | 26,053 |  | 553 |
DSU and PSU liabilities (Note 13g,f) | 1,692 |  | 3,750 |  | 1,903 |  | 2,804 |
Investments and other assets (Note 7b) | 5,050 |  | 7,579 |  | 4,254 |  | 5,505 |
Convertible Debentures (Note 10d) | — |  | — |  | — |  | 13,913 |
Total | $ | 15,628 |  | $ | 78,274 |  | $ | 32,210 |  | $ | 86,085 |
Schedule of Financial Instrument Risks | The levels in the fair value hierarchy into which the Company’s financial assets and liabilities are recognized in the statements of financial position at fair value are categorized as follows:
| December 31, 2024 | December 31, 2023
| Level 1 | Level 2 | Level 1 | Level 2
Gold Notes (Note 10c) | $ | — |  | $ | 66,945 |  | $ | — |  | $ | 63,310 |
Warrant liabilities (Note 13c) | 8,886 |  | — |  | 26,053 |  | 553 |
DSU and PSU liabilities (Note 13g,f) | 1,692 |  | 3,750 |  | 1,903 |  | 2,804 |
Investments and other assets (Note 7b) | 5,050 |  | 7,579 |  | 4,254 |  | 5,505 |
Convertible Debentures (Note 10d) | — |  | — |  | — |  | 13,913 |
Total | $ | 15,628 |  | $ | 78,274 |  | $ | 32,210 |  | $ | 86,085 |
Schedule of Credit Risk |
| December 31, 2024 | December 31, 2023
Trade | $ | 2,535 |  | $ | 3,505 |
VAT receivable | 42,013 |  | 40,045 |
Tax recoverable | 1,928 |  | 4,503 |
Other, net of allowance for doubtful accounts | 791 |  | 1,386 |
Total | $ | 47,267 |  | $ | 49,439 |
Schedule of Liquidity Risk | Scheduled Amortizing Payments of the Gold Notes at $1,400 per ounce as as follows:
| 2025 | 2026 | 2027 | Total
Gold ounces | 11,611 |  | 11,611 |  | 7,213 |  | 30,435 |
Principal repayments | $16,132 |  | $16,255 |  | $11,453 |  | $43,840 |
Payments made to Gold Note holders are as follows:
| Year-ended December 31,
| 2024 | 2023
Repayments | $ | 14,778 |  | $ | 7,388 |
Gold premiums | 9,975 |  | 2,788 |
Interest payment | 3,888 |  | 4,696 |
In addition to other commitments already disclosed, the Company’s undiscounted commitments including interest and premiums at December 31, 2024 are as follows:
| Less than 1 year | 1 to 3 years | 4 to 5 years | Over 5 years | Total
Trade, tax and other payables | $ | 94,517 |  | $ | — |  | $ | — |  | $ | — |  | $ | 94,517 |
Reclamation and closure costs | 2,346 |  | 1,329 |  | 7,086 |  | 18,428 |  | 29,189 |
Lease payments | 1,857 |  | 1,374 |  | 887 |  | 1,667 |  | 5,785 |
Gold Notes | 34,187 |  | 59,494 |  | — |  | — |  | 93,681 |
Senior unsecured notes | 36,000 |  | 108,000 |  | 486,000 |  | — |  | 630,000 |
Other contractual commitments ⁽¹⁾ | 7,204 |  | — |  | — |  | — |  | 7,204 |
Total | $ | 176,111 |  | $ | 170,197 |  | $ | 493,973 |  | $ | 20,095 |  | $ | 860,376 |
(1)Includes binding commitments for capital and operating purchase obligations that the Company has entered into as at December 31, 2024.
Schedule of Foreign Currency Risk | The following table summarizes the Company’s net financial assets and liabilities denominated in Canadian dollars, Colombian pesos and Guyanese dollar (in US dollar equivalents) as of December 31, 2024 and December 31, 2023, as well as the effect on earnings and other comprehensive earnings of a 10% appreciation or depreciation in the foreign currencies against the US dollar on the financial and non-financial assets and liabilities of the Company, if all other variables remain constant:
| December 31, 2024 | Impact of a 10% Change | December 31, 2023 | Impact of a 10% Change
Canadian Dollars (C$) | (5,586) |  | (509) |  | (15,664) |  | (1,425) |
Colombian Peso (COP) | (14,686) |  | (1,336) |  | 11,301 |  | 1,027 |
Guyanese Dollar (GYD) | 23 |  | 2 |  | 100 |  | 9 |

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