Note 10 - Investment in Juanicipio (Tables)

12 Months Ended

Dec. 31, 2022

Statement Line Items [Line Items]

Disclosure of carrying amount of investments in associates [text block]

	December 31,			December 31,
	2022			2021
		$			$
Juanicipio Project oversight expenditures incurred 100% by MAG		719			620
Interest earned, net of interest contributed to Investment in Juanicipio		(2,394	)		(1,316	)
Cash contributions and advances to Juanicipio (Note 18) (1)		8,140			73,524
Total for the year		6,465			72,828
Income from equity accounted Investment in Juanicipio (2)		40,767			15,686
Balance, beginning of year		291,084			202,570
Balance, end of year		338,316			291,084

Disclosure of associate operations [text block]

	For the year ended
	December 31,			December 31,
	2022			2021
		$			$
Revenue		215,736			75,393
Cost of sales:
Production cost		61,985			15,329
Depreciation and amortization		20,913			-
Cost of sales		82,898			15,329
Gross profit		132,838			60,064
Consulting and administrative expenses		(8,436	)		(1,929	)
Extraordinary mining duty		(349	)		(337	)
		124,053			57,798
Exchange losses and other		(7,458	)		(1,363	)
Income tax expense		(26,348	)		(20,784	)
Income for the year		90,247			35,651
MAG's 44% equity income		39,709			15,686
Loan interest on mining assets - MAG 44%		1,058			-
MAG's 44% equity income		40,767			15,686

Disclosure of financial information of investments in associates [text block]

	December 31, 2022		December 31, 2021
		$		$
Assets
Current assets
Cash and cash equivalents		1,102		18,972
Value added tax and other receivables		13,945		25,580
Concentrate sales receivable		24,098		18,853
Inventories
Materials and supplies		10,081		-
Stockpiles		26,020		3,234
Prepaids and other assets		7,756		104
		83,002		66,743
Non-current assets
Right-of-use assets		1,336		2,052
Mineral interests, plant and equipment		779,735		644,609
Deferred tax assets		11,259		5,254
		792,330		651,915
Total assets		875,332		718,658
Liabilities
Current liabilities
Payables		34,678		19,364
Interest and other payables to shareholders		13,460		4,279
Income tax payable		36,259		3,471
		84,397		27,114
Non-current liabilities
Lease obligation		1,329		2,053
Provisions
Reserves for retirement and pension		29		20
Reclamation and closure		3,073		4,050
Deferred tax liabilities		22,242		31,266
		26,673		37,389
Total liabilities		111,070		64,503
Equity
Shareholders equity including shareholder advances		764,262		654,155
Total equity		764,262		654,155
Total liabilities and equity		875,332		718,658

Disclosure of associate cash flow statements [text block]

	For the year ended
	December 31,			December 31,
	2022			2021
Operating activities
Income for the year	$	90,247		$	35,651
Items not involving cash
Income tax expense		17,884			13,837
Special mining tax		8,465			3,769
Depreciation		20,913			-
Write-down of fixed asset		3,675			-
Other		6,007			419
Change in non-cash operating working capital		(17,931	)		1,656
Net cash provided from operating activities		129,260			55,332
Investing activities
Capital expenditures including plant,mine development and exploration		(156,040	)		(254,830	)
Other		282			-
Net cash used in investing activities		(155,758	)		(254,830	)
Financing activities
Shareholder loans and other capital provided by partners		18,500			167,100
Interest paid to shareholders		(9,460	)		-
Payment of lease obligations		(854	)		(412	)
Other		255			-
Net cash provided from financing activities		8,441			166,688
Effects of exchange rate changes on cash and cash equivalents		187			279
Decrease in cash and cash equivalents		(17,870	)		(32,531	)
Cash and cash equivalents, beginning of year		18,972			51,503
Cash and cash equivalents, end of year	$	1,102		$	18,972