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Financial Instruments and Risk Management (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of fair value measurement of assets
 
December 31, 2018
December 31, 2017
 
Level 1
Level 2
Level 1
Level 2
Financial assets
 
 
 
 
Fair value through profit or loss
 
 
 
 
Gold options
—

—

—

0.5

Fair value through OCI
 
 
 
 
Equity securities
7.8

—

35.8

—

Currency hedging derivative instruments
—

—

—

5.0

 
 
 
 
 
Financial liabilities
 
 
 
 
Fair value through profit or loss
 
 
 
 
Share purchase warrants
—

—

(0.1
)
—

Gold options
—

(0.1
)
—

—

Fair value through OCI
 
 
 
 
Currency hedging derivative instruments
—

(4.7
)
—

—

Fuel options
—

(0.5
)
—

—

 
$7.8

($5.3
)
$35.7

$5.5
Disclosure of fair value measurement of liabilities
 
December 31, 2018
December 31, 2017
 
Level 1
Level 2
Level 1
Level 2
Financial assets
 
 
 
 
Fair value through profit or loss
 
 
 
 
Gold options
—

—

—

0.5

Fair value through OCI
 
 
 
 
Equity securities
7.8

—

35.8

—

Currency hedging derivative instruments
—

—

—

5.0

 
 
 
 
 
Financial liabilities
 
 
 
 
Fair value through profit or loss
 
 
 
 
Share purchase warrants
—

—

(0.1
)
—

Gold options
—

(0.1
)
—

—

Fair value through OCI
 
 
 
 
Currency hedging derivative instruments
—

(4.7
)
—

—

Fuel options
—

(0.5
)
—

—

 
$7.8

($5.3
)
$35.7

$5.5
Disclosure of detailed information about hedges
The fair value of derivative instruments is as follows:
 
 
 
December 31,
December 31,
 
 
 
2018
2017
Derivatives designated as hedging instruments
 
 
 
 
Currency hedging derivative instruments
 
 
($4.7
)
$5.0

Fuel options
 
 
(0.5
)
—

 
 
 
(5.2
)
5.0

Derivatives not designated as hedging instruments
 
 
 
 
Gold options
 
 
($0.1
)
$0.5

Share purchase warrants liability
 
 
—

(0.1
)
 
 
 
($0.1
)
$0.4
Disclosure of information about credit exposures designated as measured at fair value through profit or loss
 
December 31,
December 31,
 
2018
2017
Balance, beginning of the period
$6.0

—

Unrealized (loss) gains on currency instruments
(5.9
)
11.2

Less: realized gains on CAD currency instruments
(3.9
)
(2.2
)
Less: realized gains on MXN currency instruments
—

(1.3
)
Deferred income tax related to hedging instrument
2.4

(1.7
)
 
($1.4
)
$6.0
Schedule of Contracts Settled on Monthly Basis
The open contracts, which settle on a monthly basis, are summarized as at December 31, 2018:
Canadian dollar contracts
Period Covered
Contract type
Contracts
(CAD$ Millions)
Average minimum rate (USD/CAD)
Average maximum
rate (USD/CAD)
Forward price (USD/CAD)
2019
Collars
342.0
1.30
1.35
N/A
2019
Forwards
9.0
N/A
N/A
1.34
Mexican Peso contracts
Period Covered
Contract type
Contracts
(MXN Millions)
Average minimum rate (MXN/USD)
Average maximum
rate (MXN/USD)
2019
Collars
1,380.0
19.50
22.07
Schedule of Outstanding Derivative Contracts
The following gold collar contracts are outstanding as of December 31, 2018:
Period Covered
Ounces subject to contract

Average purchase put option

Average sold call option

2019
15,000

$1,250

$1,377
Schedule of Foreign Currency Exchange Rate Risk
 
December 31, 2018
December 31, 2017
Impact of a 10% change in foreign exchange rates
 
 
Canadian dollar
$1.4

$7.8

Mexican peso
2.1

1.5
Disclosure of credit risk exposure
The Company's maximum exposure to credit risk is as follows:
 
December 31, 2018
December 31, 2017
Cash and cash equivalents

$206.0


$200.8

Concentrate receivable
2.3

3.2

Trade receivables
5.7

4.0

Total financial instrument exposure to credit risk
$214.0

$208.0

The currencies of the Company's financial instruments and other foreign currency denominated liabilities based on notional amounts, denominated in U.S dollar equivalents were as follows:
 
Canadian Dollars
Mexican Peso
 
December 31,
2018
December 31,
2017
December 31,
2018
December 31,
2017
 
 
 
 
 
Cash and cash equivalents
$26.8

$43.1

$10.8

$7.1

Equity securities
7.8

35.8

—

—

Amounts receivable
11.9

7.4

21.4

22.0

Other monetary assets
33.0

47.8

5.9

—

Accounts payable and accrued liabilities
(69.1
)
(56.1
)
(16.8
)
(14.7
)
Total exposure to currency risk
10.4

78.0

21.3

14.4
Schedule of Maturities of Debt
The following table shows the contractual maturities of debt commitments. The amount presented represents the future undiscounted principal and interest cash flows, and therefore, do not equate to the carrying amounts on the consolidated statements of financial position.
 
Less than 1 year
2 - 3 years
4 - 5 years
More than 5 years
Total
Operating and financing leases
3.1

1.5

0.7

0.6

5.9

Accounts payable and accrued liabilities
118.7

—

—

—

118.7

Decommissioning liability
—

6.4

—

47.0

53.4

Contract mining
31.9

32.0

—

—

63.9

Capital commitments
24.5

—

—

—

24.5

 
$178.2

$39.9

$0.7

$47.6

$266.4