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Long-term Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure Of Borrowings [Abstract] |
Schedule of Long-term Debt |
| December 31, 2024 | December 31, 2023
Senior Notes 2026 (a) | $ | — |  | $ | 300,608 |
Senior Notes 2029 (b) | 449,289 |  | — |
Gold Notes (c) | 66,945 |  | 63,310 |
Convertible Debentures (d) | — |  | 13,913 |
Total | 516,234 |  | 377,831 |
Less: current portion | (22,132) |  | (36,826) |
Non-current portion | $ | 494,102 |  | $ | 341,005 |
| Amount
Carrying value of the debt as at December 31, 2022 | $ | 298,107 |
Interest expense accrued | 20,625 |
Interest expense paid | (20,625) |
Accretion of discount | 2,501 |
Carrying value of the debt as at December 31, 2023 | $ | 300,608 |
Interest expense accrued | 18,276 |
Interest expense paid | (26,411) |
Accretion of discount (Note 19) | 2,010 |
Loss on settlement | 11,463 |
Redemption of debt | (305,946) |
As at December 31, 2024 | — |
| Amount
Principal amount of Senior Notes issued on October 31, 2024 | $ | 450,000 |
Initial transaction costs | (8,706) |
Value allocated to prepayment option | 5,335 |
Carrying value of the debt on issue date | $ | 446,629 |
Interest expense accrued | 6,000 |
Accretion (Note 19) | 235 |
Carrying value of debt as at December 31, 2024 | $ | 452,864 |
Embedded derivative asset |
Value allocated to prepayment option at the issue date | 5,335 |
Change in FVTPL (Note 20) | (1,760) |
Carrying value of embedded derivative asset as at December 31, 2024 | $ | 3,575 |
Total carrying value of Senior Notes 2029 as at December 31, 2024 | 449,289 |
Less: current portion, represented by accrued interest | (6,000) |
Non-current portion as at December 31, 2024 | $ | 443,289 |
Schedule of Fair Value Measurement of Liabilities |
| 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 Amortizing Payments | 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.

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