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Share Capital and Share-based Payments (Tables)
12 Months Ended
Dec. 31, 2023
Share Capital and Share-Based Payments [Abstract]  
Disclosure of Number and Weighted Average Exercise Prices of Other Equity Instruments
The following table summarizes the changes in the Company’s equity-settled RSUs and pRSUs outstanding during the years ended December 31, 2023 and 2022:
Number of RSUsNumber of pRSUs
Outstanding – December 31, 2021
843,312 1,270,155 
Granted708,446 464,100 
Settled(381,950)(568,653)
Forfeited(188,550)(225,800)
Outstanding – December 31, 2022
981,258 939,802 
Granted1,613,051 2,302,300 
Settled(331,775)(15,656)
Forfeited(58,036)(175,800)
Outstanding – December 31, 2023
2,204,498 3,050,646 
The following table summarizes the changes in the Company’s cash-settled RSUs and pRSUs outstanding during the years ended December 31, 2023 and 2022:
Number of RSUsNumber of pRSUs
Outstanding – December 31, 2021
107,250 7,700 
Granted428,632 35,600 
Settled(69,850)— 
Forfeited(102,350)(20,100)
Outstanding – December 31, 2022
363,682 23,200 
Granted888,100 741,800 
Settled(126,883) 
Forfeited(225,232)(27,800)
Outstanding – December 31, 2023
899,667 737,200 
The following table summarizes the changes in the Company’s DSUs outstanding during the years ended December 31, 2023 and 2022:
Number of DSUs
Outstanding – December 31, 2021
176,483 
Granted112,086 
Redeemed(7,831)
Outstanding – December 31, 2022
280,738 
Granted138,284 
Redeemed(86,780)
Outstanding – December 31, 2023
332,242 
Disclosure of Number and Weighted Average Exercise Prices of Share Options
The following table summarizes the changes in the Company’s stock options outstanding during the years ended December 31, 2023 and 2022:
Number of optionsWeighted
average exercise
price (C$)
Outstanding – December 31, 2021
3,583,443 $7.14 
Exercised(1,502,063)7.82 
Expired/forfeited(225,737)8.83 
Outstanding – December 31, 2022
1,855,643 6.42 
Exercised(360,331)5.12 
Expired/forfeited(398,162)9.78 
Outstanding – December 31, 2023
1,097,150 $5.64 
Disclosure of Range of Exercise Prices of Outstanding Share Options
The following table summarizes information about the Company’s outstanding and exercisable stock options at December 31, 2023:
Options OutstandingOptions Exercisable
Range of exercise
price (C$)
Number of
options
Weighted
average
exercise price
(C$)
Weighted
average
remaining
contractual
life (years)
Number of
options
Weighted
average
exercise
price (C$)
$1.89 - $6.00
980,184 $4.91 0.68980,184 $4.91 
$6.01 - $12.00
116,966 11.72 1.36116,966 11.72 
1,097,150 $5.64 0.751,097,150 $5.64 
Summary of Share Based Compensation
The following table summarizes the Company’s share-based compensation recognized during the years ended December 31, 2023 and 2022:
20232022
RSUs and pRSUs$11,815 $4,954 
DSUs951 (713)
Stock options 66 
Total share-based compensation $12,766 $4,307 
Recognized in the consolidated financial statements as follows:
Equity-settled
General and administration expense$8,095 $3,674 
Operating expense396 54 
Capitalized within construction-in-progress1,174 741 
Cash-settled
General and administration expense1,025 (379)
Operating expense2,074 217 
Exploration expense2 — 
Total share-based compensation$12,766 $4,307