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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Financial Instruments [Abstract]  
Disclosure of Detailed Information of Derivative Assets
The following is a summary of the Company's derivative assets measured at FVTPL at December 31, 2021:
2021
Solaris Warrants(i)
$122,919 
i-80 Gold Warrants(ii)
581 
Gold deliveries (note 12(a))952 
$124,452 
Classified and presented as:
Current$124,234 
Non-current(1) (note 12(a))
218 
$124,452 
(1)    Represents the estimated fair value of the gold deliveries expected to be received from PGI after 12 months from the reporting date.
Detailed Information About Weighted Average Assumptions of Warrants The fair value of the Solaris Warrants at December 31, 2021 was determined using the Black Scholes option pricing model with the following weighted average assumptions:
2021
Risk-free rate
0.78 %
Expected life
1.0 year
Expected volatility
62.8 %
Expected dividend
0.0 %
Exercise price (C$)
$1.74
Share price (C$)
$16.94
The fair value of the i-80 Gold Warrants at December 31, 2021 was determined using the Black Scholes option pricing model with the following assumptions:
2021
Risk-free rate
0.53 %
Expected life
0.72 years
Expected volatility
48.4 %
Expected dividend
0.0 %
Exercise price (C$)
3.64
Share price (C$)
3.09
The fair values of the Company's issued and outstanding non-traded warrants at December 31, 2021 and 2020 were determined using the Black Scholes option pricing model with the following weighted average inputs:
20212020
Risk-free rate0.34 %0.18 %
Expected life0.61 years1.01 years
Expected volatility46.8 %47.1 %
Expected dividend0.0 %0.0 %
Share price (C$)$11.60 $14.02 
The fair value of the Solaris warrant liability at December 31, 2021 of $27.7 million was determined using the Black Scholes option pricing model with the following weighted average inputs:
2021
Risk-free rate
0.09 %
Expected life
0.32 years
Expected volatility
53.7 %
Expected dividend
0.0 %
Share price (C$)
$16.94
Disclosure of Detailed Information of Derivative Liabilities
The following is a summary of the Company's derivative liabilities at December 31, 2021 and 2020:
20212020
Gold collars and forward contracts(i)
$33,336 $91,393 
Foreign exchange contracts(ii)
12,061 12,507 
Equinox Gold warrant liability(iii)
5,177 50,666 
Solaris warrant liability(iv)
27,697 — 
Contingent consideration – Greenstone(v)
6,586 — 
$84,857 $154,566 
Classified and presented as:
Current$77,699 $63,993 
Non-current7,158 90,573 
$84,857 $154,566 
Disclosure Details of the Changes in Gold Collar and Forward Contracts Outstanding
The following table summarizes the changes in the gold collar and forward contracts outstanding during the years ended December 31, 2021 and 2020:
20212020
Balance – beginning of year$91,393 $— 
Assumed in Leagold Acquisition (note 5(e))— 78,526 
Change in fair value(16,605)48,091 
Settlements(41,452)(35,224)
Balance – end of year$33,336 $91,393 
Disclosure of Detailed Information about Derivative Instruments
At December 31, 2021, the Company had in place USD:BRL and USD:MXN put and call options with the following notional amounts, weighted average rates and maturity dates:
USD notional amountCall options' weighted
average strike price		Put options' weighted
average strike price
CurrencyWithin 1 year1-2 years
BRL$151,390 $8,039 4.92 5.82 
MXN71,000 5,000 20.54 23.68 
Disclosure Details of the Changes in Foreign Exchange Contracts Outstanding
The following table summarizes the changes in the foreign exchange contracts outstanding during the years ended December 31, 2021 and 2020:
20212020
Balance – beginning of year$12,507 $(1,639)
Change in fair value4,410 14,731 
Settlements(4,856)(585)
Balance – end of year$12,061 $12,507 
Disclosure Details of the Changes in Share Purchase Warrants Outstanding
The following table summarizes the changes in the Company's share purchase warrants outstanding during the years ended December 31, 2021 and 2020:
Number of warrantsWeighted
average exercise
price (C$)
Outstanding – December 31, 201924,051,190 $12.00 
Issued in Leagold Acquisition (note 5(e))16,626,569 11.14 
Exercised(20,976,625)9.48 
Expired(675,976)13.16 
Outstanding – December 31, 202019,025,158 $14.00 
Issued in Premier Acquisition (note 5(a))393,400 10.42 
Exercised(1,361,549)8.42 
Expired(16,387,492)14.92 
Outstanding – December 31, 20211,669,517 $8.69 
Disclosure of Range of Exercise Prices of Outstanding Share Purchase Warrants
The following table summarizes information about the Company's outstanding share purchase warrants at December 31, 2021:
Range of exercise
price (C$)
Number of warrants(2)
Weighted
average exercise
price (C$)		Expiry dates
$5.05 - $5.30(1)
614,117 5.30 December 2022 - May 2023
$10.42 - $10.81
1,055,400 10.66 January 2022 - March 2022
1,669,517 8.69 
(1)    614,117 warrants with a weighted average exercise price of C$5.30 are exercisable into one common share of Equinox Gold and one-quarter of a common share of Solaris. Equinox Gold will receive nine-tenths of the proceeds from the exercise of each of these warrants and the remaining proceeds will be paid to Solaris.
(2)    At December 31, 2021, all of the Company's outstanding warrants were non-traded.
Disclosure of Detailed Information about Changes in Carrying Amounts of Share Purchase Warrants Outstanding The changes in the carrying amounts of the Company's outstanding share purchase warrants during the years ended December 31, 2021 and 2020 were as follows:
20212020
Balance – beginning of year
$50,666 $56,146 
Issued in Premier Acquisition (note 5(a))505 — 
Issued in Leagold Acquisition (note 5(e))— 8,543 
Exercised(4,100)(43,885)
Change in fair value (41,894)29,862 
Balance – end of year$5,177 $50,666