XML 276 R43.htm IDEA: XBRL DOCUMENT v3.22.4
Corporate Transactions (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of detailed information about business combination [line items]  
Disclosure of Detailed Information for Changes in the Carrying Amount of Derivative Liabilities
The changes in the carrying amount of the Stream Arrangement derivative liabilities prior to disposition were as follows:
Balance – December 31, 2020
$— 
Assumed in Premier Acquisition (note 5(c))
40,369 
Gold and silver delivered
(6,802)
Change in fair value
6,419 
Balance – December 31, 2021
39,986 
Gold and silver delivered
(6,119)
Change in fair value
685 
Balance – April 21, 2022
$34,552 
Disclosure of the Carrying Amounts of the Assets Derecognized on Disposition The carrying amounts of the assets derecognized on disposition were as follows:
Assets derecognized
Cash$2,327 
Other current receivables2,109 
Mineral properties15,220 
$19,656 
Disclosure of Detailed Information about Consideration Paid
The acquisition-date fair value of the consideration transferred consisted of the following:
Share consideration(1)
$399,613 
Option consideration(2)
8,155 
Warrant consideration(3)
505 
Total consideration
$408,273 
(1)The fair value of 47,373,723 common shares issued to Premier shareholders was determined using the Company’s share price of C$10.64 ($8.44) per share on the acquisition date.
(2)The fair value of 2,813,747 replacement options issued was determined using the Black-Scholes option pricing model with the following weighted average assumptions: exercise price of C$7.27, share price of C$10.64, expected life of 2.07 years, expected volatility of 41.3%, dividend yield of 0.0%, and discount rate of 0.37%.
(3)The fair value of 393,400 replacement warrants issued was determined using the Black-Scholes option pricing model with the following weighted average assumptions: exercise price of C$10.42, share price of C$10.64, expected life of 0.82 years, expected volatility of 39.7%, dividend yield of 0.0%, and discount rate of 0.15%.
Bear Creek  
Disclosure of detailed information about business combination [line items]  
Disclosure of analysis of single amount of discontinued operations
The carrying amounts of the assets and liabilities of Mercedes derecognized on April 21, 2022 and classified as held for sale at December 31, 2021 were as follows:
April 21,
2022		December 31,
2021
Cash and cash equivalents$16,250 $4,575 
Trade and other receivables2,144 6,878 
Inventories11,468 12,935 
Mineral properties, plant and equipment188,998 183,137 
Other assets1,308 13 
Total assets220,168 207,538 
Accounts payable and accrued liabilities(13,522)(13,282)
Derivative liabilities(34,552)(39,986)
Reclamation and closure cost provisions(11,531)(11,863)
Deferred income tax liabilities(18,084)(18,084)
Other liabilities(2,324)(2,530)
Total liabilities(80,013)(85,745)
Net assets $140,155 $121,793 
Premier Gold Mines Limited  
Disclosure of detailed information about business combination [line items]  
Fair value of assets acquired and liabilities assumed The table below presents the fair values of the assets acquired and liabilities assumed at the date of acquisition.
Assets (liabilities) acquired
Cash and cash equivalents
$8,267 
Trade and other receivables
13,165 
Inventories
11,987 
Restricted cash8,333 
Mineral properties, plant and equipment
576,803 
Investment in associate
79,001 
Other assets
4,399 
Accounts payable and accrued liabilities
(18,002)
Loans and borrowings and accrued interest
(17,649)
Stream arrangement
(40,369)
Reclamation and closure cost provisions
(13,481)
Deferred tax liabilities
(121,931)
Other liabilities
(818)
Fair value of net assets acquired
$489,705 
Greenstone  
Disclosure of detailed information about business combination [line items]  
Fair value of assets acquired and liabilities assumed The total cost of acquisition was allocated to the assets acquired and liabilities assumed as follows:
Assets (liabilities) acquired
Cash and cash equivalents
$95 
Trade and other receivables
21 
Restricted cash
1,043 
Mineral properties, plant and equipment
59,078 
Other assets
10 
Accounts payable
(287)
Other liabilities
(27)
Net assets acquired
$59,933