Financial Instrument Risks and Risk Management (Tables)

12 Months Ended

Dec. 31, 2021

Contractual Maturities of Non-Derivative Liabilities

The following table summarizes the contractual maturities of the Company's liabilities, and operating and capital purchase commitments at December 31, 2021:


	Within 1 year		1-2 years		2-3 years		3-4 years		4–5 years		Thereafter		Total
Accounts payable and accrued liabilities	$	185,716	$	—	$	—	$	—	$	—	$	—	$	185,716
Loans and borrowings(1)(2)	48,261		47,489		376,364		147,223						619,337
Derivative liabilities	44,825		572										45,397
Lease liabilities(2)	19,362		18,742		9,010		6		6		13		47,139
Other financial liabilities(2)	—		5,000		—		—		—		—		5,000
Reclamation and closure costs(2)	3,748		6,576		8,311		10,008		8,724		145,314		182,681
Purchase commitments(2)	94,241		9,524		4,608		2,214		1,295		2		111,884
Other operating commitments(2)	30,546		31,766		33,035		17,796		18,508		48,763		180,414
Total	$	426,699	$	119,669	$	431,328	$	177,247	$	28,533	$	194,092	$	1,377,568

(1)Amount includes principal and interest payments, except accrued interest which is included in accounts payable and accrued liabilities.

(2)Amounts represent undiscounted future cash flows.

Contractual Maturities of Derivative Liabilities

The following table summarizes the contractual maturities of the Company's liabilities, and operating and capital purchase commitments at December 31, 2021:


	Within 1 year		1-2 years		2-3 years		3-4 years		4–5 years		Thereafter		Total
Accounts payable and accrued liabilities	$	185,716	$	—	$	—	$	—	$	—	$	—	$	185,716
Loans and borrowings(1)(2)	48,261		47,489		376,364		147,223						619,337
Derivative liabilities	44,825		572										45,397
Lease liabilities(2)	19,362		18,742		9,010		6		6		13		47,139
Other financial liabilities(2)	—		5,000		—		—		—		—		5,000
Reclamation and closure costs(2)	3,748		6,576		8,311		10,008		8,724		145,314		182,681
Purchase commitments(2)	94,241		9,524		4,608		2,214		1,295		2		111,884
Other operating commitments(2)	30,546		31,766		33,035		17,796		18,508		48,763		180,414
Total	$	426,699	$	119,669	$	431,328	$	177,247	$	28,533	$	194,092	$	1,377,568

(1)Amount includes principal and interest payments, except accrued interest which is included in accounts payable and accrued liabilities.

(2)Amounts represent undiscounted future cash flows.

Exposure to Currency Risk

The following tables summarize the Company's exposure to currency risk arising from financial assets and financial liabilities, excluding foreign exchange contracts, denominated in foreign currencies:


At December 31, 2021	BRL		MXN		CAD
Financial assets	$	19,219	$	558	$	415,234
Financial liabilities	(54,594)		(50,250)		(46,674)
	$	(35,375)	$	(49,692)	$	368,560
At December 31, 2020
Financial assets	$	73,236	$	9,889	$	13,254
Financial liabilities	(61,896)		(5,952)		(7,671)
	$	11,340	$	3,937	$	5,583

Based on the above foreign currency denominated financial assets and financial liabilities at December 31, 2021, the reasonably possible weakening in foreign currencies against the USD at such date, assuming all other variables remained constant, would have resulted in the following increase (decrease) in the Company's net income during the year ended December 31, 2021:


	2021
BRL – 20%	$	5,165
MXN – 10%	3,628
CAD – 10%	(26,905)