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Financial Risk Management (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure Of Financial Risk Management [Abstract]  
Schedule of Financial Instrument Risk
Number of
Gold Notes
Amount
Acquisition of Aris Gold’s gold-linked note liability67,926,572$68,592 
Repayments(1,920,226)(1,847)
Change in fair value through profit and loss (Note 19)(910)
Change in fair value through other comprehensive income due to changes in credit risk1,310 
Fair value allocated to Gold Notes as at December 31, 202266,006,34667,145 
Repayments(7,388,882)(7,388)
Change in fair value through profit and loss (Note 19)
8,950 
Change in fair value through other comprehensive income due to changes in credit risk(5,397)
As at December 31, 202358,617,46463,310 
Less: current portion(14,777,512)(14,778)
Non-current portion as at December 31, 202343,839,952$48,532 
Number of DebenturesAmount
As at December 31, 202118,000$19,466 
Change in fair value through profit and loss (Note 19)(4,552)
Change in FVOCI due to changes in credit risk(546)
Exchange difference(1,186)
As at December 31, 202218,000$13,182 
     Change in fair value through profit and loss (Note 19)
1,032 
Change in FVOCI due to changes in credit risk(301)
Current portion as at December 31, 202318,000$13,913 
The levels in the fair value hierarchy into which the Company’s financial assets and liabilities are recognized in the statements of financial position at fair value are categorized as follows:
December 31, 2023December 31, 2022
Level 1Level 2Level 1Level 2
(Recast - Note 13c)
Gold Notes (Note 10b)
 $63,310 — $67,145 
Warrant liabilities (Note 13c)
26,053 553 20,840 954 
DSU and PSU liabilities (Note 9)
1,903 2,804 826 293 
Investments and other assets (Note 7c)
4,254 5,505 — 412 
Convertible Debentures (Note 10c)
 13,913 — 13,182 
Total$32,210 $86,085 $21,666 $81,986 
Schedule of Financial Instrument Risks The levels in the fair value hierarchy into which the Company’s financial assets and liabilities are recognized in the statements of financial position at fair value are categorized as follows:
December 31, 2023December 31, 2022
Level 1Level 2Level 1Level 2
(Recast - Note 13c)
Gold Notes (Note 10b)
 $63,310 — $67,145 
Warrant liabilities (Note 13c)
26,053 553 20,840 954 
DSU and PSU liabilities (Note 9)
1,903 2,804 826 293 
Investments and other assets (Note 7c)
4,254 5,505 — 412 
Convertible Debentures (Note 10c)
 13,913 — 13,182 
Total$32,210 $86,085 $21,666 $81,986 
Schedule of Credit Risk
December 31,
2023
December 31,
2022
Trade
$3,505 $13,576 
VAT receivable40,045 30,489 
Tax recoverable4,503 1,783 
Other, net of allowance for doubtful accounts1,386 2,814 
Total$49,439 $48,662 
Schedule of Liquidity Risk
Scheduled Amortizing Payments of the Gold Notes at $1,400 per ounce are as follows:

2024202520262027Total
Gold ounces10,555 11,523 11,611 8,180 41,869 
Principal repayments$14,777 $16,132 $16,255 $11,453 $58,617 

20232022
Repayments$7,388 $1,920 
Gold premiums2,788 490 
Interest payment4,696 1,262 
The Company’s undiscounted commitments at December 31, 2023 are as follows:
Less than 1 year1 to 3 years4 to 5 yearsOver 5 yearsTotal
Trade, tax and other payables$75,633 $— $— $— $75,633 
Reclamation and closure costs2,235 2,046 6,255 22,958 33,494 
Lease payments2,369 2,266 498 908 6,041 
Gold Notes24,357 48,036 15,516 — 87,909 
Senior unsecured notes20,625 333,115 — — 353,740 
Convertible Debentures13,864 — — — 13,864 
Other contractual commitments1,500 — — 55,400 56,900 
Total$140,583 $385,463 $22,269 $79,266 $627,581 
Schedule of Foreign Currency Risk
The following table summarizes the Company’s net financial assets and liabilities denominated in Canadian dollars, Colombian pesos and Guyanese dollar (in US dollar equivalents) as of December 31, 2023 and December 31, 2022, as well as the effect on earnings and other comprehensive earnings after-tax of a 10% appreciation or depreciation in the foreign currencies against the US dollar on the financial and non-financial assets and liabilities of the Company, if all other variables remain constant:

December 31,
2023
Impact of a 10%
Change
December 31,
2022
Impact of a 10%
Change
Canadian Dollars (C$)(15,664)(1,425)(26,383)(2,638)
Colombian Peso (COP)11,301 1,027 (19,257)(1,926)
Guyanese Dollar (GYD)100 9 (2,498)(250)
15.    Financial Risk Management (cont.)