XML 73 R26.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Share Capital (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Common Stock
 
Shares of Common Stock
Exchangeable Shares of Gran Tierra Exchangeco Inc.
Exchangeable Shares of Gran Tierra Goldstrike Inc.
Balance, December 31, 2016
390,807,194

4,812,592

3,387,302

Shares repurchased and canceled
(7,704,381
)


Exchange of exchangeable shares
2,088,229

(389,816
)
(1,698,413
)
Balance, December 31, 2017
385,191,042

4,422,776

1,688,889

Options exercised
549,189



Shares repurchased and canceled
(4,772,869
)


Exchange of exchangeable shares
6,111,665

(4,422,776
)
(1,688,889
)
Balance, December 31, 2018
387,079,027



Shares repurchased and canceled
(20,097,471
)


Balance, December 31, 2019
366,981,556





Schedule of Information About PSU, DSU, RSU and Stock Option Activity
The following table provides information about PSU, DSU and stock option activity for the year ended December 31, 2019:
 
PSUs
DSUs
 
Stock Options
 
Number of Outstanding Share Units
Number of Outstanding Share Units
 
Number of Outstanding Stock Options
 
Weighted Average Exercise Price /Stock Option ($)
Balance, December 31, 2018
9,004,661

684,893

 
9,034,412

 
$
3.18

Granted
6,355,214

567,101

 
2,943,990

 
2.04

Exercised
(2,725,877
)

 

 

Forfeited
(1,262,631
)

 
(1,213,170
)
 
3.61

Expired


 
(152,360
)
 
5.27

Balance, December 31, 2019
11,371,367

1,251,994

 
10,612,872

 
$
2.78

Vested and exercisable, at December 31, 2019
 
 
 
6,469,699

 
$
3.14

Vested, or expected to vest, at December 31, 2019 through the life of the options
 
 
 
10,445,530

 
$
2.79


Schedule of Assumptions Using the Black-Scholes Option Pricing Model
The fair value of each stock option award is estimated on the date of grant using the Black-Scholes option pricing model based on assumptions noted in the following table:
 
 
Year Ended December 31,
 
2019
 
2018
 
2017
Dividend yield (per share)
Nil

 
Nil

 
Nil

Volatility
48% to 54%

 
51% to 55%

 
51% to 53%

Weighted average volatility
51
%
 
54
%
 
52
%
Risk-free interest rate
1.49% to 2.54%

 
2.18% to 3.00%

 
1.75% to 2.10%

Expected term
4-5 years

 
4-5 years

 
4-5 years


Schedule of Weighted Average Number of Shares
Weighted Average Shares Outstanding
 
 
Year Ended December 31,
 
2019
 
2018
 
2017
Weighted Average number of common and exchangeable shares outstanding
376,495,306

 
390,930,453

 
396,683,593

Shares issuable pursuant to stock options
87,204

 
4,207,542

 

Shares assumed to be purchased from proceeds of stock options
(74,698
)
 
(3,832,516
)
 

Shares issuable on conversion of Convertible Notes

 
35,814,393

 

Weighted average number of diluted common and exchange shares outstanding
376,507,812

 
427,119,872

 
396,683,593