Endeavour Silver (EXK) 40-F 30 Mar 23 2022 FY Annual report (Canada) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Entity Addresses [Line Items]
Entity Registrant Name	ENDEAVOUR SILVER CORP.
Document Type	40-F
Amendment Flag	false
Entity Central Index Key	0001277866
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	189,644,734
Entity Current Reporting Status	Yes
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity File Number	001-33153
Entity Incorporation, State or Country Code	Z4
Entity Address, Address Line One	1130-609 Granville Street
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V7Y 1G5
City Area Code	604
Local Phone Number	685-9775
Annual Information Form	true
Audited Annual Financial Statements	true
Document Annual Report	true
Document Registration Statement	false
Security Exchange Name	NYSE
Trading Symbol	EXK
Title of 12(b) Security	Common Shares, no par value
Auditor Name	KPMG LLP
Auditor Location	Vancouver, BC, Canada
Auditor Firm ID	85
ICFR Auditor Attestation Flag	true
Business Contact [Member]
Entity Addresses [Line Items]
Contact Personnel Name	DL Services Inc.
Entity Address, Address Line One	Columbia Center
Entity Address, Address Line Two	701 Fifth Avenue, Suite 6100
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98104
City Area Code	206
Local Phone Number	903-8800

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 83,391	$ 103,303
Other investments	8,647	11,200
Accounts and other receivables	13,136	14,462
Income tax receivable	4,024	177
Inventories	19,184	27,485
Prepaid expenses	16,951	5,135
Loans receivable	1,000	0
Total current assets	146,333	161,762
Non-current deposits	565	599
Non-current income tax receivable	3,570	3,570
Non-current other investments	1,388	0
Non-current IVA receivable	10,154	4,256
Non-current loans receivable	2,729	0
Deferred income tax asset	0	936
Intangible assets	0	40
Right-of-use leased assets	806	664
Mineral properties, plant and equipment	233,892	122,197
Total assets	399,437	294,024
Current liabilities
Accounts payable and accrued liabilities	39,831	31,991
Income taxes payable	6,616	4,228
Loans payable	6,041	4,128
Lease liabilities	261	207
Total current liabilities	52,749	40,554
Loans payable	8,469	6,366
Lease liabilities	812	794
Provision for reclamation and rehabilitation	7,601	7,397
Deferred income tax liability	12,944	1,506
Other non-current liabilities	968	0
Total liabilities	83,543	56,617
Shareholders' equity
Common shares, unlimited shares authorized, no par value, issued, issuable and outstanding 189,995,563 shares (Dec 31, 2021 - 170,537,307 shares)	657,866	585,406
Contributed surplus	6,115	6,331
Retained earnings (deficit)	(348,087)	(354,330)
Total shareholders' equity	315,894	237,407
Total liabilities and shareholders' equity	$ 399,437	$ 294,024

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parentheticals) - shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position
Number of shares issued	189,995,563	170,537,307
Number of shares outstanding	189,995,563	170,537,307

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement
Revenue	$ 210,160	$ 165,320
Cost of sales:
Direct production costs	113,880	89,603
Royalties	17,811	13,783
Share-based payments	442	421
Depreciation, depletion and amortization	25,179	23,977
Write down of inventory to net realizable value	1,323	1,168
Cost of sales	158,635	128,952
Mine operating earnings	51,525	36,368
Expenses:
Exploration and evaluation	16,186	17,925
General and administrative	10,613	10,063
Care and maintenance costs	580	1,356
Impairment (reversal of impairment) of non-current assets, net	0	(16,791)
Severance costs	0	870
Write off of mineral properties	682	715
Total expenses	28,061	14,138
Operating earnings	23,464	22,230
Finance costs	1,300	985
Other income (expense):
Foreign exchange gain (loss)	1,853	(1,131)
Gain on asset disposal	2,503	5,841
Investment and other	(1,571)	3,733
Total other income (expense)	2,785	8,443
Earnings before income taxes	24,949	29,688
Income tax expense:
Current income tax expense	6,376	3,481
Deferred income tax expense	12,372	12,252
Income tax expense	18,748	15,733
Net earnings and comprehensive earnings for the year	$ 6,201	$ 13,955
Basic earnings per share based on net earnings (in dollars per share)	$ 0.03	$ 0.08
Diluted earnings per share based on net earnings (in dollars per share)	$ 0.03	$ 0.08
Basic weighted average number of shares outstanding (in shares)	183,009,339	167,289,732
Diluted weighted average number of shares outstanding (in shares)	185,349,634	170,663,883

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Share Capital [Member]	Contributed Surplus [Member]	Retained Earnings (Deficit) [Member]	Total
Beginning Balance at Dec. 31, 2020	$ 517,711	$ 9,662	$ (368,302)	$ 159,071
Beginning Balance (shares) at Dec. 31, 2020	157,924,708
Public equity offerings, net of issuance costs	$ 58,389			58,389
Public equity offerings, net of issuance costs (shares)	10,060,398
Exercise of options	$ 8,745	(4,026)		4,719
Exercise of options (shares)	2,172,861
Share-based compensation		3,636		3,636
Expiry and forfeiture of options		(17)	17
Settlement of performance share units	$ 561	(2,924)		(2,363)
Settlement of performance share units (shares)	379,340
Earnings for the year			13,955	13,955
Ending Balance at Dec. 31, 2021	$ 585,406	6,331	(354,330)	$ 237,407
Ending Balance (shares) at Dec. 31, 2021	170,537,307			170,537,307
Public equity offerings, net of issuance costs	$ 43,116			$ 43,116
Public equity offerings, net of issuance costs (shares)	9,293,150
Issued on acquistion of mineral properties, net	$ 25,589			25,589
Issued on acquistion of mineral properties, net (shares)	8,577,380
Exercise of options	$ 2,377	(770)		1,607
Exercise of options (shares)	569,200
Issued and issuable for performance share units	$ 1,361	(3,259)		(1,898)
Issued and issuable for performance share units (shares)	1,014,999
Issued for deferred share units	$ 17	(17)
Issued for deferred share units (Shares)	3,527
Share-based compensation		3,878		3,878
Canceled options		(42)	42
Settlement of deferred share units		(6)		(6)
Earnings for the year			6,201	6,201
Ending Balance at Dec. 31, 2022	$ 657,866	$ 6,115	$ (348,087)	$ 315,894
Ending Balance (shares) at Dec. 31, 2022	189,995,563			189,995,563

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net earnings (loss) for the year	$ 6,201	$ 13,955
Items not affecting cash:
Share-based compensation	3,878	3,636
Depreciation, depletion and amortization	26,088	24,527
Impairment (reversal of impairment) of non-current assets, net	0	(16,791)
Deferred income tax expense (recovery)	12,372	12,252
Unrealized foreign exchange loss (gain)	344	(176)
Finance costs	1,300	985
Accretion of loans receivable	(97)	0
Long term employee benefits	968	0
Write off of mineral properties	682	715
Write down of warehouse inventory	1,323	894
Write down of inventory to net realizable value	0	272
Loss (gain) on asset disposal	(2,503)	(5,914)
Loss (gain) on other investments	3,470	(2,117)
Net changes in non-cash working capital	967	(8,776)
Cash from operating activities	54,993	23,462
Investing activities
Proceeds on disposal of property, plant and equipment	350	10,113
Mineral properties, plant and equipment	(109,715)	(54,092)
Purchase of other investments	(2,119)	(3,307)
Proceeds from disposal of other investments	0	9,288
Redemption of (investment in) non-current deposits	34	(8)
Cash used in investing activities	(111,450)	(38,006)
Financing activities
Repayment of loans payable	(5,054)	(3,563)
Repayment of lease liabilities	(219)	(179)
Interest paid	(790)	(668)
Public equity offerings	46,001	59,998
Exercise of options	1,607	4,719
Share issuance costs	(2,885)	(1,293)
Performance and deferred share unit settlement	(1,904)	(2,363)
Cash from financing activities	36,756	56,651
Effect of exchange rate change on cash and cash equivalents	(211)	113
Increase in cash and cash equivalents	(19,701)	42,107
Cash and cash equivalents, beginning of the year	103,303	61,083
Cash and cash equivalents, end of the year	$ 83,391	$ 103,303

CORPORATE INFORMATION

CORPORATE INFORMATION	12 Months Ended
	Dec. 31, 2022
Disclosure Of Corporate Information [Abstract]
CORPORATE INFORMATION [Text Block]	1. CORPORATE INFORMATION Endeavour Silver Corp. (the "Company" or "Endeavour Silver") is a corporation governed by the Business Corporations Act (British Columbia, Canada). The Company is engaged in silver mining in Mexico and related activities including acquisition, exploration, development, extraction, processing, refining and reclamation. The Company is also engaged in exploration activities in Chile and United States. The address of the registered office is #1130 - 609 Granville Street, Vancouver, B.C., V7Y 1G5.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Basis Of Presentation [Abstract]
BASIS OF PRESENTATION [Text Block]	2. BASIS OF PRESENTATION These consolidated financial statements have been prepared in accordance with and using accounting policies in full compliance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") and Interpretations of the International Financial Reporting Interpretations Committee ("IFRIC"), effective for the Company's year ended December 31, 2022. The Board of Directors approved the consolidated financial statements for issue on February 28, 2023. The preparation of consolidated financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates (Note 3b). These consolidated financial statements are presented in the Company's functional currency of US dollars and include the accounts of the Company and its wholly owned subsidiaries: Endeavour Management Corp., Endeavour Gold Corporation S.A. de C.V., EDR Silver de Mexico S.A. de C.V. SOFOM , Minera Santa Cruz Y Garibaldi S.A de C.V., Metalurgica Guanaceví S.A. de C.V., Minera Plata Adelante S.A. de C.V., Refinadora Plata Guanaceví S.A. de C. V., Minas Bolañitos S. A. de C.V., Guanaceví Mining Services S.A. de C.V., Recursos Humanos Guanaceví S.A. de C.V., Recursos Villalpando S.A. de C.V., Servicios Administrativos Varal S.A. de C.V., Minera Plata Carina SPA, MXRT Holding Ltd., Compania Minera del Cubo S.A. de C.V., Minas Lupycal S.A. de C.V., Metales Interamericanos S.A. de C.V., Oro Silver Resources Ltd., Minera Oro Silver de Mexico S.A. de C.V. disposed of on September 9, 2022 (Note 8 (d)), Terronera Precious Metals S.A. de C.V, Minera Pitarrilla S.A. de C. V. (formerly SSR Durango S.A de C.V.), Endeavour USA Holdings and Endeavour USA Corp. All intercompany transactions and balances have been eliminated upon consolidation of these subsidiaries.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Disclosure Of Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES [Text Block]	3. SIGNIFICANT ACCOUNTING POLICIES The accounting policies below have been applied consistently to all years presented and by all subsidiaries in the group and no material accounting standards were adopted during the year. (a) Currency Translation The functional and reporting currency of the Company and its subsidiaries is the US dollar. Transactions in currencies other than an entity's functional currency are recorded at the rates of exchange prevailing on the transaction dates. Monetary assets and liabilities that are denominated in foreign currencies are translated at the rates prevailing at each reporting date. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate at the date the fair value was determined. Non-monetary items that are measured in terms of historical costs in a foreign currency are not retranslated. Foreign currency translation differences are recognized in comprehensive earnings (loss). (b) Use of estimates and judgments The preparation of consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies, the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and judgments are based on management's knowledge of the relevant facts and circumstances at the time, having regard to prior experience, and are continually evaluated. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Actual results could differ materially from those estimates. Significant areas requiring the use of management judgment relate to the determination of mineralized reserves and resources, plant and equipment useful lives, existence of indication of impairment or impairment reversal of non-current assets, and recognition of deferred tax assets. Significant areas requiring the use of management estimates relate to the valuation of inventory, mineral properties, plant and equipment, impairment of non-current assets, provision for reclamation and rehabilitation, and income taxes. Critical judgments and estimates in applying policies that have the most significant effect on the amounts recognized in the consolidated financial statements include the following: Determination of ore reserves and resources Judgments about the amount of product that can be economically and legally extracted from the Company's properties are made by management using a range of geological, technical and economic factors, history of conversion of mineral deposits to proven and probable reserves as well as data regarding quantities, grades, production techniques, recovery rates, production costs, commodity prices and exchange rates. This process may require complex and difficult geological judgments to interpret the data. The Company uses qualified persons (as defined by the Canadian Securities Administrator's National Instrument 43-101) to compile this data. Changes in the judgments surrounding reserves and resources may impact the carrying value of mineral properties, plant and equipment (Note 8), reclamation and rehabilitation provisions (Note 12), recognition of deferred income tax amounts (Note 21), and depreciation, depletion and amortization (Note 8). Estimating the quantity and/or grade of reserves and resources requires the size, shape and depth of ore bodies or fields to be determined by analyzing geological data such as drilling samples. Following this, the quantity of ore that can be extracted in an economical manner is calculated using data regarding the life of mine plans and forecast sales prices (based on current and long-term historical average price trends). Changes in estimates can be the result of estimated future production differing from previous forecasts of future production, expansion of mineable ore through exploration activities, differences between estimated and actual costs of mining and differences in the commodity price used in the estimation of mineable ore. Review of asset carrying values and assessment of impairment (accounting policy Note 3 (h) and Note 3 (f)) Management applies significant judgment in assessing each cash-generating unit or assets for the existence of indicators of impairment or impairment reversal at the reporting date. Internal and external factors are considered in assessing whether indicators are present that would necessitate impairment testing. Significant assumptions regarding commodity prices, operating costs, capital expenditures and discount rates are used in determining whether there are any indicators of impairment. These assumptions are reviewed regularly by senior management and compared, when applicable, to relevant market consensus views. If an indicator of impairment or reversal exists, the asset's recoverable amount is estimated. The recoverable amount is the greater of fair value less costs of disposal and value in use. The determination of fair value less costs of disposal and value in use requires management to make estimates and assumptions about future metal prices, production based on current estimates of capacity, ore grade, recovery rate and recoverable reserves and resources, future operating costs, capital expenditures and assets salvage value The estimates and assumptions are subject to risk and uncertainty, and as such there is the possibility that changes in circumstances will alter these projections, which may impact the recoverable amount of the assets. In such circumstances, some or all of the carrying value of the assets may be further impaired or the impairment charge reduced with the impact recorded in earnings (loss). Estimation of the amount and timing of reclamation and rehabilitation costs (accounting policy Note 3 (j)) Accounting for restoration requires management to make estimates of the future costs the Company will incur to complete the reclamation and rehabilitation work required to comply with existing laws, regulations and agreements in place at each mining operation and any environmental and social principles the Company is in compliance with. The calculation of the present value of these costs also includes assumptions regarding the timing of reclamation and rehabilitation work, applicable risk-free interest rate for discounting those future cash flows, inflation and foreign exchange rates and assumptions relating to probabilities of alternative estimates of future cash flows. Actual costs incurred may differ from those amounts estimated. Future changes to environmental laws and regulations could increase the extent of reclamation and rehabilitation work required to be performed by the Company. Increase in future costs could materially impact the amounts charged to operations for reclamation and rehabilitation. Taxes (Note 3 (m)) Judgment is required in determining the recognition and measurement of deferred income tax assets and liabilities on the balance sheet. In the normal course of business, the Company is subject to assessment by taxation authorities in various jurisdictions. These authorities may have different interpretations of tax legislation or tax agreements than those applied by the Company in computing current and deferred income taxes. These different interpretations may alter the timing or amounts of taxable income or deductions. Final taxes payable and receivable are dependent on many factors, including outcomes of tax litigation and resolution of disputes. The resolution of these uncertainties may result in adjustments to the Company's tax assets and liabilities and value added tax receivable balances. Management assesses the likelihood and timing of taxable earnings in future periods in recognizing deferred income tax assets. Estimates of future taxable income are based on forecasted cash flows using life of mine projections and the application of existing tax laws in each jurisdiction. To the extent that future cash flows and taxable income differ significantly from estimates, the ability of the Company to realize the net deferred income tax assets recorded at the balance sheet date could be impacted. In addition, future changes to tax laws could limit the ability of the Company to obtain tax deductions in future periods from deferred income tax assets. Deferred income tax assets are disclosed in Note 21. Inventory (Note 3(e)) In valuing inventories at the lower of cost and net realizable value, the Company makes estimates in determining the net realizable price and in quantifying the contained metal in finished goods and work in process. (c) Cash and cash equivalents Cash and cash equivalents consist of deposits in banks and highly liquid investments with an original maturity at the date of the purchase of no more than three months, or that are readily convertible into cash. (d) Marketable securities Marketable securities include investments in shares of companies and other investments capable of reasonably prompt liquidation. Share investments are measured at fair value through profit and loss and carried at fair value. Unrealized gains and losses are recognized in earnings (loss). (e) Inventories Work in process inventories, including ore stockpiles, are valued at the lower of production cost and net realizable value, after an allowance for further processing costs. Finished goods inventory, characterized as doré bars or concentrate, is valued at the lower of production cost and net realizable value. Materials and supplies are valued at the lower of cost and replacement cost. Similar inventories within the consolidated group are measured using the same method, and the reversal of previous write-downs to net realizable value is required when there is a subsequent increase in the value of inventories. (f) Intangible assets Intangible assets are initially recognized at cost if acquired externally, or at fair value if acquired as part of a business combination and have a useful life of greater than one year. Intangible assets which have finite useful lives are measured at cost less accumulated amortization and accumulated impairment. Intangible assets that are assessed as having a finite useful life are amortized over their useful life on a straight-line basis from the date they become available for use and are tested for impairment if indications exist that they may be impaired. The useful life is determined using the period of the underlying contract or the period over which the intangible asset can be expected to be used. (g) Mineral properties, plant and equipment Mineral properties, plant and equipment are stated at cost less accumulated depreciation, depletion and accumulated impairment losses. The cost of mineral properties, plant and equipment items consists of the purchase price, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use and an initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Mineral properties include direct costs of acquiring properties (including option payments) and costs incurred directly in the development of properties once the technical feasibility and commercial viability has been established. Development costs relating to specific properties are capitalized prospectively upon management's determination that a property will be developed. A development decision is made based upon consideration of project economics, including future metal prices, reserves and resources, and estimated operating and capital costs. Capitalization of costs incurred ceases when the property is capable of operating in the manner intended by management. Exploration and evaluation costs are those costs required to acquire a mineral property and determine commercial feasibility. These costs include costs to establish an initial mineral resource and determine whether inferred mineral resources can be upgraded to measured and indicated mineral resources and whether measured and indicated mineral resources can be converted to proven and probable reserves. The Company recognizes acquisition costs for exploration and evaluation properties as assets when acquired as part of a business combination or asset purchase. All other exploration and evaluation costs are expensed as incurred until the technical feasibility and commercial viability of the property has been established and a development decision has been made. Capitalized exploration and evaluation costs for a project are classified as such until the project demonstrates technical feasibility and commercial viability. Upon demonstrating technical feasibility and commercial viability, and subject to an impairment analysis, capitalized exploration and evaluation costs are transferred to mineral property costs within mineral properties, plant and equipment. Ongoing exploration costs as well as evaluation costs that do not meet requirement for capitalizing are expensed in earnings (loss) for the period. Where an item of plant and equipment comprises major components with different useful lives, the components are accounted for as separate items of plant and equipment and amortized separately over their useful lives. Plant and equipment are recorded at cost and amortized using either the straight-line method at rates varying from 5% to 30% annually or amortized on a units of production method, based on proven and probable reserves. The accumulated costs of mineral properties are amortized using the units of production method, based on proven and probable reserves (as defined by National Instrument 43-101). The Company conducts an annual assessment of the residual balances, useful lives and depreciation methods being used for mineral properties, plant and equipment and any changes arising from the assessment are applied by the Company prospectively. (h) Impairment of non-current assets The Company's tangible assets are reviewed for indications of impairment or reversal of a previous impairment at each financial statement date. If an indicator of impairment or reversal exists, the asset's recoverable amount is estimated. An impairment loss is recognized when the carrying amount of an asset, or its cash-generating unit, exceeds its recoverable amount. A cash-generating unit is the smallest identifiable group of assets that generates cash flows that are largely independent of the cash flows from other assets or groups of assets. Impairment losses are recognized in earnings (loss) for the period. The recoverable amount is the greater of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the cash-generating unit to which the asset belongs. An impairment loss is reversed if there is an indication that there has been a change in the estimates used to determine the recoverable amount and the recoverable amount exceeds the carrying amount. An impairment loss is reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. Management periodically reviews the carrying values of its exploration and evaluation assets with internal and external mining related professionals. A decision to abandon, reduce or expand a specific project is based upon many factors including general and specific assessments of reserves, forecast future metal prices, forecast future costs of exploring, developing and operating a producing mine, expiration term and ongoing expense of maintaining leased mineral properties and the general likelihood that the Company will continue exploration. The Company does not set a pre-determined holding period for properties with unproven reserves. However, properties which have not demonstrated suitable mineral concentrations at the conclusion of each phase of an exploration program are re-evaluated to determine if future exploration is warranted and their carrying values are recoverable. If any area of interest is abandoned or it is determined that its carrying value cannot be supported by future production or sale, the related costs are recognized in earnings (loss) in the period of abandonment or determination that the carrying value exceeds its fair value. The amounts recorded as mineral properties represent costs incurred to date and do not necessarily reflect present or future values. (i) Leases At inception of a contract, the Company assesses whether a contract is or contains a lease. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which is composed of: The amount of the initial measurement of the lease liability Any lease payments made at or before the commencement date Any indirect costs incurred An estimate of costs to dismantle and remove the underlying asset or to restore the site on which the asset is located Less any incentives received from the lessor The right-of-use asset is depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. Estimated useful lives of right-of-use assets are determined on the same basis as those of property and equipment. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or if that rate cannot be readily determined, the Company's incremental borrowing rate. Lease payments included in the measurement of the lease liability are composed of: Fixed payments, including in-substance fixed payments Variable lease payments that depend on an index or rate, initially measured using the index or rate as at the commencement date Amounts expected to be payable under a residual value guarantee; and The exercise price under a purchase option that the Company is reasonably certain to exercise, lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate early. The lease payments exclude variable payments which are dependent on external factors other than an index or a rate. These variable payments are recognized directly in earnings (loss). The lease liability is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company's estimated amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in earnings (loss) if the carrying amount of the right-of-use asset has been reduced to zero. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value assets. The lease payments associated with these leases are expensed on a straight-line basis over the lease term. (j) Provision for reclamation and rehabilitation The Company recognizes provisions for statutory, contractual, constructive or legal obligations associated with the decommissioning and reclamation of mineral properties, plant and equipment, when those obligations result from the acquisition, construction, development or normal operation of the assets. A liability is recognized at the time environmental disturbance occurs and the resulting costs are capitalized to the corresponding asset. The provision for reclamation and rehabilitation obligations is estimated using expected cash flows based on engineering and environmental reports prepared by third-party industry specialists and is discounted at a pre-tax rate specific to the liability. The capitalized amount is amortized on the same basis as the related asset. In subsequent periods, the liability is adjusted for any changes in the amount or timing of the estimated future cash costs, changes in the discount or inflation rates and for the accretion of discounted underlying future cash flows. The unwinding of the effect of discounting the provision is recorded as a finance cost in earnings (loss) for the period. (k) Revenue recognition Revenue is generated from the sale of refined silver and gold or from the sale of these metals contained in doré or concentrate. Revenue for doré is recorded in the consolidated statement of comprehensive earnings (loss) gross of treatment and refining costs paid to counterparties under the terms of the sales agreements. Revenue for concentrate is recorded in the consolidated statement of comprehensive earnings (loss) net of treatment and refining costs paid to counterparties under the terms of the sales agreements. Revenue is recognized when control of the metal is transferred to the customer in an amount that reflects the consideration the Company expects to receive in exchange for the metals. In determining whether the Company has satisfied its performance obligation, it considers the indicators of the transfer of control, which include but are not limited to, whether: the Company has a present right to payment; the customer has a legal title to the asset; the Company has transferred physical possession of the asset to the customer; and the customer controls the risks and rewards of ownership of the asset. Revenue from metals in doré The refiners who receive doré from the Company refine the materials on the Company's behalf. The refiners transfer the refined product to our customers according to the Company's instructions. Refined metals are sold at spot prices with sales proceeds collected upon or within several days of the completion of the sales transaction. Revenue from sale of doré is recognized at the time a metal sale is executed and the Company has irrevocably directed the refiner to deliver the refined metal to the customer. Revenue from metals in concentrate Metals in concentrate are sold under pricing arrangements where final prices are determined by market prices subsequent to the date of sale. Revenue from the sale of concentrates is provisionally priced at the date control transfers. On transfer, the Company recognizes revenue on a provisional basis based on current prices and at each period end, re-estimated prices based on period end closing prices for the estimated month of settlement. The final selling price is subject to movements in metal prices up to the final settlement date. Revenue is initially recognized based on the estimated mineral content then adjusted to final settlement adjustments. Final settlement periods range from two to six months after delivery of the product. Variations between the sales price recorded at the initial recognition date and the actual final sales price at the settlement date, caused by changes in market metal prices, results in an embedded derivative in the related trade accounts receivable. For each reporting period until final settlement, period end closing prices are used to record revenue. The embedded derivative is recorded at fair value each period until final settlement occurs, with changes in fair value classified as an adjustment to revenue. (l) Share-based payments The Company has a share option plan and a share unit plan which are described in Note 13 (c) and Note 13 (d) respectively. Equity-settled share-based payment awards to employees are measured by reference to the fair value of the equity instruments granted and are charged over the vesting period using the graded vesting method. The amount recognized as an expense is adjusted to reflect the actual number of share options for which the related service and vesting conditions are met. Equity-settled share-based payment awards to non-employees are measured at the fair value of the goods or services received as the goods or services are received, unless that fair value cannot be measured reliably, in which case they are measured by reference to the fair value of the equity instrument. The offset is credited to contributed surplus. Consideration received on the exercise of stock options is recorded as share capital and the related contributed surplus is transferred to share capital. For those options that expire or are forfeited after vesting, the amount previously recorded in contributed surplus is transferred to deficit. Share-based compensation expense relating to cash-settled awards, including deferred share units and share appreciation rights which are described in Note 13 (e) and Note 13 (f), is recognized over the vesting period of the units based on the fair market value of the units. As these awards will be settled in cash, the expense and liability are adjusted each reporting period for changes in the fair value. (m) Income taxes Income tax expense (recovery) comprises current and deferred tax. It is recognized in earnings (loss) except to the extent that it relates to a business combination, or items recognized directly in equity or other comprehensive income. Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustments to the tax payable or receivable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date. Current tax also includes any tax arising from dividends. The Company follows the asset and liability method of accounting for deferred income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and tax losses carried forward. Deferred tax assets and liabilities are measured using enacted or substantively enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings (loss) in the period that includes the substantive enactment date. Deferred tax assets are recognized to the extent their recovery is considered probable based on their term to expiry and estimates of future taxable income. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable earnings improve. (n) Earnings per share Basic earnings per share is computed by dividing the net earnings (loss) available to common shareholders by the weighted average number of shares (o) Business combinations On a business combination, the acquisition method of accounting is used, whereby the purchase consideration is allocated to the identifiable assets, liabilities and contingent liabilities (identifiable net assets) based on fair value at the date of acquisition. When the cost of acquisition exceeds the fair values attributable to the Company's share of identifiable net assets, the difference is treated as purchased goodwill. If the fair value attributable to the Company's share of the identifiable net assets exceeds the cost of acquisition, the difference is immediately recognized in earnings (loss). Incremental costs related to acquisitions are expensed as incurred. Determination of the fair value of assets acquired and liabilities assumed and resulting goodwill, if any, requires that management make estimates based on the information provided by the acquiree. Changes to the provisional values of assets acquired and liabilities assumed, deferred income taxes and resulting goodwill, if any, will be adjusted when the final measurements are determined (within one year of the acquisition date). When purchase consideration is contingent on future events, the initial cost of the acquisition recorded includes an estimate of the fair value of the contingent amounts expected to be payable in the future. Changes to the estimated fair value of contingent consideration subsequent to the acquisition date are recorded in earnings (loss). (p) Financial instruments The Company recognizes financial assets and financial liabilities on the date the Company becomes party to the contractual provisions of the instruments. On initial recognition, all financial assets and financial liabilities are recorded at fair value, net of attributable transaction costs, except for financial assets and liabilities classified as fair value through profit or loss ("FVTPL"). Transaction costs of financial assets and liabilities classified as FVTPL are expensed in the period in which they are incurred. A financial asset is derecognized either when the Company has transferred substantially all the risks and rewards of ownership of the financial assets or when cash flows expire. A financial liability is derecognized when the obligation specified in the contract is discharged, cancelled or expired. On initial recognition, the Company classifies and measures financial assets as either FVTPL, fair value through other comprehensive income ("FVTOCI") or amortized cost. Subsequent measurement of financial assets depends on the classifications of such assets. The basis of classification depends on an entity's business model and the contractual cash flows of the financial asset. Amortized cost Financial assets that meet the following conditions are measured subsequently at amortized cost: The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and The contractual terms of the financial asset provide cash flows on specified dates that are solely payments of principal and interest on the principal amount outstanding The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. Interest income is recognized using the effective interest method. Fair value through other comprehensive income Financial assets that meet the following conditions are measured subsequently at amortized cost: The financial asset is held within a business model whose objective is achieved by both collecting the contractual cash flows and selling financial assets, and The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding Investments in equity instruments at FVTOCI are initially recognized at fair value. Subsequently, they are measured at fair value, with gains and losses arising from changes from initial recognition recognized in comprehensive earnings (loss). Designation at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination. Fair value through profit and loss By default, all other financial assets are measured at FVTPL. The Company, at initial recognition, may also irrevocably designate a financial asset as measured at FVTPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on a different basis. Financial assets

OTHER INVESTMENTS

OTHER INVESTMENTS	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Other Investments [Abstract]
OTHER INVESTMENTS [Text Block]	4. OTHER INVESTMENTS December 31, December 31, Note 2022 2021 Balance at beginning of the year $ 11,200 $ 4,767 Investment in marketable securities, at cost 2,305 3,753 FMV of investments received on asset disposal 10 - 9,851 Disposals - (9,288 ) Gain (loss) on marketable securities (3,470 ) 2,117 Balance at end of the year 10,035 11,200 Less: Current portion 8,647 11,200 Non-current marketable securities $ 1,388 $ - The Company holds $9,774 in marketable securities that are classified as Level 1 and $261 in marketable securities that are classified as Level 3 in the fair value hierarchy (Note 22) and are classified as financial assets measured at FVTPL. The fair values of Level 1 marketable securities are determined based on a market approach reflecting the closing price of each particular security at the reporting date. The closing price is a quoted market price obtained from the exchange that is the principal active market for the particular security, being the market with the greatest volume and level of activity for the assets. Marketable securities classified as Level 3 in the fair value hierarchy are share purchase warrants and the fair value of the warrants at each period end has been estimated using the Black-Scholes Option Pricing Model. During the year ended December 31, 2022, the Company acquired 6,600,000 units of Max Resource Corp ("Max") through a private placement with each unit consisting of one common share and ½ share purchase warrant. At the same time, the Company entered into a collaboration agreement with Max under which acquired shares and warrants of Max have certain transfer restrictions and cannot be liquidated before March 28, 2024. Accordingly, those shares and warrants have been classified as non-current.

ACCOUNTS AND OTHER RECEIVABLES

ACCOUNTS AND OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Accounts Receivable [Abstract]
ACCOUNTS AND OTHER RECEIVABLES [Text Block]	5. ACCOUNTS AND OTHER RECEIVABLES December 31, December 31, Note 2022 2021 Trade receivables (1) $ 4,385 $ 4,751 IVA receivable (2) 8,062 8,863 Other receivables 689 847 Due from related parties 7 - 1 $ 13,136 $ 14,462 (1) (2) These delays and denials have occurred in Refinadora Plata Guanaceví S.A. de C.V. ("Guanaceví,"). At December 31, 2022, Guanaceví holds $6,402 in IVA receivables which the Company and its advisors have determined to be recoverable from tax authorities (December 31, 2021 $8,067 respectively). The Company is in regular contact with the tax authorities in respect of its IVA filings and believes the full amount of its IVA receivables will ultimately be received; however, the timing of recovery of these amounts and the nature and extent of any adjustments to the Company's IVA receivables remains uncertain. As at December 31, 2022, the total IVA receivable of $18,216 (December 31, 2021 - $13,119) has been allocated between the current portion of $8,062, which is included in accounts receivable, and a non-current portion of $10,154 (December 31, 2021 - $8,863 and $4,256 respectively). The non-current portion is composed of Guanacevi of $1,505, which is currently under appeal and are unlikely to be received in 2023. The remaining $8,649 is IVA receivable for Terronera, which may not become recoverable until Terronera recognizes revenue for tax purposes.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2022
Classes of current inventories [abstract]
INVENTORIES [Text Block]	6. INVENTORIES December 31, December 31, 2022 2021 Warehouse inventory (1) $ 9,682 $ 8,698 Stockpile inventory 2,389 2,335 Finished goods inventory 6,138 15,550 Work in process inventory 975 902 $ 19,184 $ 27,485 (1)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
RELATED PARTY TRANSACTIONS [Text Block]	7. RELATED PARTY TRANSACTIONS The Company previously shared common administrative services and office space with a company related by virtue of a former common director and from time to time incurred third party costs on behalf of related parties on a full cost recovery basis. The agreement for sharing office space and administrative services ended in May 2022. The charges for these costs totaled $9 for the year ended December 31, 2022 (December 31, 2021 - $5). The Company has a $nil net receivable related to these costs as of December 31, 2022 (December 31, 2021 - $1). The Company was charged $428 for legal services for the year ended December 31, 2022 by a legal firm in which the Company's corporate secretary is a partner (December 31, 2021 - $276). The Company has $10 payable to the legal firm as at December 31, 2022 (December 31, 2021 - $5). Key management personnel The key management of the Company comprises executive and non-executive directors, members of executive management and the Company's corporate secretary. Compensation of key management personnel was as follows: December 31, December 31, 2022 2021 Salaries and short-term employee benefits $ 2,957 $ 3,867 Non-executive directors' fees 312 311 Non-executive directors' deferred share units (362 ) (707 ) Share-based payments 2,974 3,408 $ 5,881 $ 6,879 The existing non-executive directors' deferred share units are comprised of both equity and cash settled deferred share units. The recognized expense or recovery includes the fair value of new issuances of deferred share units during the period and the change in fair value of all outstanding cash-settled deferred share units during the reporting period. During the year ended December 31, 2022, the Company granted 109,634 deferred share units (December 31, 2021 - 82,566) with a fair value of $523 (December 31, 2021 - $449) at the date of grant. At December 31, 2022, there were 1,044,204 cash settled deferred share units and 104,596 equity-settled deferred share units outstanding with a fair value of $3,873 (December 31, 2021 - 1,348,765 outstanding with a fair value of $5,682). The amount disclosed for share-based payments is the expense for the year calculated in accordance with IFRS 2, Share-based payments for share options, performance share units and deferred share units (Notes 13 (c), (d) and (e)). The fair values of these share-based payments are recognized as an expense over the vesting period of the award. Therefore, the compensation expense in the current year comprises a portion of current year awards and those of preceding years that vested within the current year.

MINERAL PROPERTIES, PLANT AND E

MINERAL PROPERTIES, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
MINERAL PROPERTIES, PLANT AND EQUIPMENT [Text Block]	8. MINERAL PROPERTIES, PLANT AND EQUIPMENT (a) Mineral properties, plant and equipment comprise: Mineral Machinery & Transport & properties Plant equipment Building office equipment Total Cost Balance at December 31, 2020 $ 552,878 $ 106,445 $ 81,003 $ 13,314 $ 12,777 $ 766,417 Additions 40,261 2,838 15,435 1,623 2,113 62,270 Disposals (81,740 ) (11,098 ) (9,298 ) (1,492 ) (2,845 ) (106,473 ) Balance at December 31, 2021 $ 511,399 $ 98,185 $ 87,140 $ 13,445 $ 12,045 $ 722,214 Additions 103,635 5,217 19,877 7,573 1,978 138,280 Disposals (14,966 ) (6,542 ) (757 ) (662 ) (746 ) (23,673 ) Balance at December 31, 2022 $ 600,068 $ 96,860 $ 106,260 $ 20,356 $ 13,277 $ 836,821 Accumulated amortization and impairment Balance at December 31, 2020 $ 510,335 $ 94,815 $ 53,122 $ 10,166 $ 10,024 $ 678,462 Amortization 15,614 3,393 4,947 352 1,202 25,508 Disposals (81,180 ) (10,000 ) (8,624 ) (1,324 ) (2,825 ) (103,953 ) Balance at December 31, 2021 $ 444,769 $ 88,208 $ 49,445 $ 9,194 $ 8,401 $ 600,017 Amortization 14,786 2,268 5,301 346 1,205 23,906 Disposals (13,574 ) (6,442 ) (326 ) (159 ) (493 ) (20,994 ) Balance at December 31, 2022 $ 445,981 $ 84,034 $ 54,420 $ 9,381 $ 9,113 $ 602,929 Net book value At December 31, 2021 $ 66,630 $ 9,977 $ 37,695 $ 4,251 $ 3,644 $ 122,197 At December 31, 2022 $ 154,087 $ 12,826 $ 51,840 $ 10,975 $ 4,164 $ 233,892 Included in Mineral properties is $ 80,155 26,669 As of December 31, 2022, the Company has $ 26,576 (b) Guanaceví, Mexico In 2005, the Company acquired mining properties and related assets to the Guanaceví silver-gold mines located in the state of Durango, Mexico. Certain concessions in the district retained a 3% net proceeds royalty on future production. These properties and subsequently acquired property concessions in the Guanaceví district are maintained with nominal property tax payments to the Mexican government. On July 5, 2019, the Company acquired a 10 year right to explore and exploit the El Porvenir and El Curso properties from Ocampo Mining S.A. de C.V. ("Ocampo"). The Company has agreed to meet certain minimum production targets from the properties, subject to various terms and conditions, and pay Ocampo a $12 dollar fixed per tonne production payment plus a floating net smelter return ("NSR") royalty based on the spot silver price as follows: • 4% NSR when the silver price obtained is less than or equal to $15 dollars per oz • • • Both properties cover extensions of the Guanaceví ore bodies with the El Porvenir concession adjacent to the Company's operating Porvenir Norte mine and the El Curso concession adjacent to the Company's Porvenir Cuatro mine. On December 12, 2021, the Company executed an amendment to the agreement whereby two additional properties, adjacent to the existing and historic mine workings were included in the existing agreement. In 2022, the Company expensed $16,873 in per tonne production charges and royalties on these properties (2021 - $12,532). (c) Bolañitos, Mexico In 2007, the Company acquired the exploitation contracts, mining properties and related assets to the Bolañitos silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico. The Company holds various property concessions in the Guanajuato District that it maintains with nominal property tax payments to the Mexican government. (d) El Compas, Mexico In August 2021, the Company suspended mining and milling operations at El Compas, and mining equipment and key talent were transferred within the Company to Bolañitos and Terronera. In 2022, the associated suspension costs were $580 (2021 - $1,367, including $870 in severance). On September 9, 2022, the Company entered into an agreement to sell its 100% interest in Minera Oro Silver de Mexico, S.A. de C.V. ("MOS") to Grupo ROSGO, S.A. de C.V., ("Grupo ROSGO"). Minera Oro Silver holds the El Compas property and the lease on the La Plata processing plant in Zacatecas, Mexico. Pursuant to the agreement, Grupo ROSGO assumed the Minera Oro Silver loan payable to the Company, in the amount of $5,000 payable in cash payments over a five year period with an initial payment of $250. Instalment payments of $500 will be made every six months other than the third payment, which will be $750. The payments are secured by a pledge of the shares of MOS. At the date of the sale, using the effective interest rate method, management has estimated the fair value of the $5,000 loan receivable to be $3,882. As of December 31, 2022, the carrying value of the loan receivable is $3,729, consisting of the current portion of $1,000 and non-current portion of $2,729. The carrying value of the net Minera Oro Silver's net assets at the date of the sale was $1,149 resulting in the Company recording a $2,733 gain on sale which is presented in 'investments and other income' in the consolidated statements of comprehensive earnings (loss). (e) El Cubo, Mexico On March 17, 2021, the Company signed a definitive agreement to sell its El Cubo mine and related assets to Guanajuato Silver Company Ltd. ("GSilver") (formerly known as VanGold Mining Corp. ("VanGold")) for $15.0 million in consideration composed of cash and share payments plus additional contingency payments. On April 9, 2021, GSilver purchased the El Cubo assets for the following consideration: Per the terms of the agreement, GSilver agreed to pay $15.0 million for the El Cubo assets. The Company has received total gross consideration of $19.7 million as follows: $0.5 million cash down-payment $7.0 million cash on closing $9.8 million paid in shares with 21,331,058 shares of GSilver with fair value of CAN$0.58 per share on April 9, 2021. $2.4 million paid by unsecured promissory note with face value $2.5 million due and payable April 9, 2022 GSilver has also agreed to pay the Company up to an additional $3.0 million in contingent payments, for which the Company has not recorded any consideration, based on the following events: $1.0 million upon GSilver producing 3.0 million silver equivalent ounces from the El Cubo mill $1.0 million if the price of gold closes at or above $2,000 dollars per ounce for 20 consecutive days within two years after closing $1.0 million if the price of gold closes at or above $2,200 dollars per ounce for 20 consecutive days prior to April 9, 2023 During the period ended March 31, 2021, the El Cubo mine project, consisting of the land rights, plant, buildings and the related reclamation liability were re-classified to current assets and liabilities as "assets held for sale" and "liabilities held for sale". Immediately prior to the classification to assets and liabilities held for sale, the carrying amounts of the land rights, plant and building were remeasured and the historical gross impairments of $216.9 million net of depletion and depreciation of $200.1 million, were reversed resulting in a $16.8 million impairment reversal. The reclamation provision for the El Cubo mine of $4.6 million was transferred to GSilver upon acquisition of the related mining concessions. The Company has recognized a $5.8 million gain on the disposal of the El Cubo mine and related assets in the year ended December 31, 2021. On November 16, 2021 the Company arranged for early payment of the $2.5 million promissory note. In consideration for the early payment, the Company has agreed to reduce the principal amount of the note by $25 and settle the Mexican value added tax payable on the purchase price for El Cubo represented by the note for 901,224 common shares of GSilver. (f) Terronera, Mexico In February 2013, the Company acquired an option to purchase a 100% interest in theTerronera properties located in Jalisco, Mexico, by paying a total of $2,750 over three years. The Company is required to pay a 2% NSR royalty on any production from the Terronera properties. On September 23, 2020, the Company entered into an option agreement to acquire a 100% interest in the La Sanguijuela property, located adjacent to the existing Terronera properties. The agreement requires payments totaling $550 over a four-year period with the Company required to pay a 2% NSR on any production from the property. These properties and subsequently acquired property concessions in the Terronera district are maintained with nominal property tax payments to the Mexican government. During 2021, the Company completed a Feasibility Study on the Terronera Project and based on an assessment of the economic viability of extracting mineral resources at Terronera, it was reclassified from an exploration and evaluation asset to a development asset (See Note 20). During 2022 the Company proceeded with road construction, procurement of long lead items including major equipment, camp construction, site clearing and initial earthworks for plant construction, and construction of initial project infrastructure. (g) Parral Properties On September 13, 2016, the Company entered into a definitive agreement with SSR Mining Inc. ("SSR") formerly known as Silver Standard Resources Inc., to acquire a 100% interest in SSR's Parral properties, located in the historic silver mining district of Hidalgo de Parral in southern Chihuahua state, Mexico. On October 31, 2016, Endeavour paid $5,300 through the issuance of 1,198,083 common shares. In addition, the Company committed to spending $2,000 (completed in 2018) in exploration on two of the properties (the San Patricio and La Palmilla properties) over the two-year period following the closing of the transaction. SSR also retained a 1% net smelter returns royalty on production from the San Patricio and La Palmilla properties. On November 18, 2021 the Company and SSR entered into an agreement whereby the Company purchased the royalties from SSR for $530. (h) Guadalupe Y Calvo, Mexico In 2012, the Company acquired the Guadalupe Y Calvo exploration project in Chihuahua, Mexico. In 2014, the Company acquired the La Bufa exploration property, which is adjacent to the Guadalupe y Calvo exploration property in Chihuahua, Mexico. The property is subject to a 2% net smelter return royalty on mineral production. (i) Calicanto Properties On July 21, 2016, the Company entered into a definitive agreement with Compania Minera Estrella de Plata S.A. de C.V. ("Compania Minera Estrella") to acquire a 100% interest, subject to a 3% NSR, in Compania Minera Estrella's Calicanto properties, located in the Zacatecas state, Mexico. On February 1, 2017, Endeavour completed the purchase with a payment of $400 and in 2018 exercised an option to purchase the 3% NSR for $45. On September 8, 2017, the Company entered into a concession division agreement with Capstone Mining Corp. ("Capstone") whereby the Company has the right to explore and mine for precious metals above 2,000 metres above sea level on Capstone's Toro del Cobre concessions, which is adjacent to Calicanto. In return, the Company has granted Capstone the right to explore and mine for base metals below the elevation of 2,000 metres above sea level. Capstone has granted the Company a 1% NSR on all Capstone base metal production on the Endeavour property and the Company has granted Capstone a 1% NSR on all Endeavour precious metal production on Capstone property. During 2022, the Company earned $722 in royalties from Capstone (2021 - $542). (j) Exploration Projects, Chile Cerro Marquez - Las Palcas In October 2016, the Company entered into an option agreement with Minera Cerro Marquez to acquire 100% interest in the Las Palcas project in Santiago, Chile for a total of $2.5 million to be paid over a four year period with the final payment of $2.3 million due in October 2020. In October 2021, the Company elected to not proceed with the final payment and the carrying value of $470 has been written off during the year ended December 31, 2021. Aida Properties In July 2018, the Company entered into an option agreement to acquire 100% interest in the Aida properties: Patricia II, Patricia III and SLM Ignacia located in Chile for a total of $3.2 million to be paid over a five-year period. The properties are subject to a 2% NSR with the right to buy the NSR for each of the properties for $2.0 million. Payments totaling $0.4 million for 2018 and 2019 have been made but the 2020 and 2021 payments totaling $0.8 million have been postponed until the Company receives certain environmental permits. Paloma Properties In December 2018, the Company signed an option agreement to acquire up to a 70% interest in the Paloma project in Antofagasta Province, Chile. The Company can acquire its initial 51% interest by paying $0.75 million and spending $5.0 million over five years with the final payment due in 2023, followed by a second option to acquire 70% by completing a Preliminary Economic Assessment and a Preliminary Feasibility Study. The property is subject to a 2% NSR. (k) Acquisition of Bruner Gold Project On July 14, 2021, the Company entered into a definitive agreement with Canamex Gold Corp. ("Canamex") to acquire a 100% interest in Canamex's Bruner Gold Project, a gold exploration property, located in Nye County, Nevada, approximately 180 kilometers southeast of Reno. The property is subject to pre-existing royalties, some of which can be repurchased. The Company completed the acquisition on August 31, 2021. Under the terms of the agreement, the Company paid $10 million in cash for a 100% interest in the Bruner Gold project which includes mineral claims, mining rights, property assets, water rights and government authorization and permits. Management determined that the acquisition of Bruner Gold Project did not meet the definition of a business in accordance with IFRS 3 Business Combinations, as it did not have the inputs, processes and outputs required to meet the definition of a business. Accordingly, the acquisition has been accounted for as an asset acquisition resulting in the recognition of a mineral property asset with the fair market value of $10.1 million, including $0.1 million of acquisition costs. (l) Acquisition of the Pitarrilla Project On January 17, 2022, the Company entered into a definitive agreement to purchase the Pitarrilla project in Durango State, Mexico, by acquiring all of the issued and outstanding shares of SSR Durango, S.A. de C.V. from SSR Mining Inc. ("SSR") for total consideration of $70 million (consisting of $35 million in Company's shares and a further $35 million in cash or in the Company's shares at the election of SSR and as agreed to by the Company) and a 1.25% net smelter returns royalty. SSR retains a 1.25% NSR Royalty in Pitarrilla. Endeavour will have matching rights to purchase the NSR Royalty in the event SSR proposes to sell it. The acquisition was completed on July 6, 2022. Total consideration included 8,577,380 shares of the Company issued on July 6, 2022 and a $35.1 million cash payment. Fair value of the 8,577,380 common shares issued on July 6, 2022 was $25,590 at CAN$3.89 per share. The deemed value of the common shares issued, at the time of agreement, was $34.9 million The 4,950-hectares Pitarrilla exploration project is located in northern Mexico, consists of five concessions, has ignificant infrastructure in place and has access to utilities. The acquisition is outside the scope of IFRS 3 Business Combinations, as the Pitarrilla project does not meet the definition of a business, and as such, the transaction was accounted for as an asset acquisition. The purchase price is allocated to the underlying assets acquired and liabilities assumed, based upon their estimated fair values at the date of acquisition. Pitarilla Project purchase consideration: Common shares issued $ 25,590 Consideration paid in cash 35,067 Acquisition costs 880 Total consideration $ 61,537 Fair value summary of assets acquired and liabilities assumed: Assets: Current assets $ 288 Buildings and equipment 652 Mineral properties 60,811 Total assets $ 61,751 Liabilities: Accounts payable and accrued liabilities 170 Reclamation liability 44 Total liabilities $ 214 Net identifiable assets acquired $ 61,537

IMPAIRMENT OF NON-CURRENT ASSET

IMPAIRMENT OF NON-CURRENT ASSETS	12 Months Ended
	Dec. 31, 2022
Disclosure Of Impairment Of Non Current Assets [Abstract]
IMPAIRMENT OF NON-CURRENT ASSETS [Text Block]	9. IMPAIRMENT OF NON-CURRENT ASSETS The recoverable amounts of the Company's CGUs, which include mining properties, plant and equipment are determined at the end of each reporting period, if impairment indicators are identified. Management applies significant judgement in assessing whether indicators of impairment or reversal of impairment exist for an asset or a group of assets which could result in a testing for impairment. Internal and external factors such as significant changes in the use of the asset, commodity prices, life of mines, tax laws and regulations and interest rates are some of the indicators used by management in determining whether there are any indicators of impairment or reversal of previous impairments. As of December 31, 2022, the Company determined that indicators of impairment existed at the Bolañitos mine due to a change in the reserves and resources, including a narrowing of the veins in the ore bodies which may result in lower future conversion of inferred resources to economically mineable ore. The recoverable amount is based on CGU's future cash flows expected to be derived from the Company's mining properties and represent each CGU's fair value less cost of disposal. Expected cash flows were determined based on the life-of-mine after-tax cash flow forecast which incorporates management's best estimates of future metal prices, production based on current estimates of capacity, ore grade, recovery rate and recoverable reserves and resources, future operating costs, capital expenditures and assets salvage value. Expected cash flows are discounted at risk adjusted rate based on the CGU's weighted average cost of capital. The average forecasted price of $21.66 per oz of silver and $1,738 per oz of gold were used in the model. Forecasted prices were estimated using analyst consensus forecasts, over the forecasted life of mine as of December 31, 2022. As a result, management estimated the recoverable amount of the Bolañitos mine as at December 31, 2022, determined on a fair value less cost of disposal basis, and concluded no impairment charge was required. Reasonably possible movements in the assumptions disclosed above could have changed the calculated recoverable amount. A 5% decrease to the average forecasted prices of silver and gold, with all other inputs remaining constant, would reduce the recoverable amount by $4.7 million. A 5% increase to the average forecasted prices of silver and gold, with all other inputs remaining constant, would increase the recoverable amount by $3.9 million.

LOANS PAYABLE

LOANS PAYABLE	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
LOANS PAYABLE [Text Block]	10. LOANS PAYABLE December 31, December 31, 2022 2021 Balance at the beginning of the year $ 10,494 $ 9,672 Net proceeds from software and equipment financing 9,070 4,399 Finance cost 726 650 Repayments of principal (5,054 ) (3,563 ) Repayments of finance costs (726 ) (611 ) Effects of movements in exchange rates - (53 ) Balance at the end of the year $ 14,510 $ 10,494 Statements of Financial Position presentation Current loans payable $ 6,041 $ 4,128 Non-current loans payable 8,469 6,366 Total $ 14,510 $ 10,494 The Company currently has financing arrangements for equipment totaling $26,612, with terms ranging from one to four years. The agreements require either monthly or quarterly payments of principal and interest with a weighted-average interest rate of 6.6%. The equipment financing is secured by the underlying equipment purchased and is subject to various non-financial covenants and as at December 31, 2022 the Company was in compliance with these covenants. As at December 31, 2022, the net book value of equipment includes $24,379 (December 31, 2021 - $16,100) of equipment pledged as security for the equipment financing.

LEASE LIABILITIES

LEASE LIABILITIES	12 Months Ended
	Dec. 31, 2022
Lease liabilities [abstract]
LEASE LIABILITIES [Text Block]	11. LEASE LIABILITIES The Company leases office space, and prior to the sale of the El Compas mine, the Company had been leasing the El Compas plant. These leases are for periods of five to ten years. Certain leases include an option to renew the lease after the end of the contract term and/ or provide for payments that are indexed to local inflation rates. The following table presents the lease obligations of the Company: December 31, December 31, 2022 2021 Balance at the beginning of the year $ 1,001 $ 1,094 Additions 344 89 Interest 64 73 Payments (282 ) (251 ) Effects of movement in exchange rates (54 ) (4 ) Balance at the end of the year 1,073 1,001 Less: Current portion 261 207 Non-current lease liabilities $ 812 $ 794 The following table presents lease liability maturity - contractual undiscounted cash flows for the Company: December 31, December 31, 2022 2021 Less than one year $ 337 $ 263 One to five years 831 637 More than five years 97 262 Total at the end of the year $ 1,265 $ 1,162 The following amounts have been recognized in earnings (loss): Years ended December 31, 2022 December 31, Interest on lease liabilities $ 64 $ 73 Expenses related to short-term leases $ 567 $ 649 As at December 31, 2022, the lease liabilities have a weighted-average interest rate of 8.37%. For the year ended December 31, 2022, the Company recognized $64 in interest expense on the lease liabilities (December 31, 2021 - $73) and $ 567

PROVISION FOR RECLAMATION AND R

PROVISION FOR RECLAMATION AND REHABILITATION	12 Months Ended
	Dec. 31, 2022
Provision For Reclamation And Rehabilitation [Abstract]
PROVISION FOR RECLAMATION AND REHABILITATION [Text Block]	12. PROVISION FOR RECLAMATION AND REHABILITATION The Company's environmental permit requires that it reclaim certain land it disturbs during mining operations. Significant reclamation and closure activities include land rehabilitation, decommissioning of buildings and mine facilities, ongoing care and maintenance and other costs. Although the ultimate amount of the reclamation and rehabilitation costs to be incurred cannot be predicted with certainty, the total undiscounted amount of probability weighted estimated cash flows required to settle the Company's estimated obligations is $6,156 for the Guanaceví mine, $4,499 for the Bolañitos mine, $814 for the Terronera development project and $44 for the Pitarrilla exploration project. The timing of cash flows has been estimated based on the estimated mine lives using current reserves and the present value of the probability weighted future cash flows. The model assumes a risk-free rate specific to the liability of 7.37% for Guanaceví, 7.45% for Bolañitos and 7.88% for Terronera, and with an estimated inflation rate of 5.1%, 5.38% and 4.47% respectively. Changes to the reclamation and rehabilitation provision balance during the year are as follows: Terronera Guanaceví Bolañitos El Cubo El Compas Pitarrilla Total Balance at December 31, 2020 $ - $ 2,221 $ 1,977 $ 4,545 $ 133 $ - $ 8,876 Accretion - 100 83 70 9 - 262 Disposals - - - (4,615 ) - - (4,615 ) Change in estimates during the year - 1,676 1,177 - 21 - 2,874 Balance at December 31, 2021 $ - $ 3,997 $ 3,237 $ - $ 163 $ - $ 7,397 Acquisitions - - - - - 44 44 Accretion - 268 211 - - - 479 Disposals - - - - (163 ) - (163 ) Effects of movements in exchange rates - 95 93 - - - 188 Change in estimates during the year 251 (257 ) (338 ) - - - (344 ) Balance at December 31, 2022 $ 251 $ 4,103 $ 3,203 $ - $ - $ 44 $ 7,601

SHARE CAPITAL

SHARE CAPITAL	12 Months Ended
	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
SHARE CAPITAL [Text Block]	13. (a) Management of Capital The Company considers the items included in the consolidated statement of changes in equity as capital. The Company's objective when managing capital is to safeguard its ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may issue new shares through private placements, convertible debentures, asset acquisitions or return capital to shareholders. As at December 31, 2022, the Company is not subject to externally imposed capital requirements. (b) Public Offerings In April 2020, the Company filed a short form base shelf prospectus that qualified for the distribution of up to CAN$150 million of common shares, debt securities, warrants or units of the Company comprising any combination of common shares and warrants (the "Securities") over a 25 month period. The Company filed a corresponding registration statement in the United States registering the Securities under United States federal securities laws. The distribution of Securities could be effected from time to time in one or more transactions at a fixed price or prices, which could be changed, at market prices prevailing at the time of sale, or at prices related to such prevailing market prices to be negotiated with purchasers and as set forth in an accompanying prospectus supplement, including transactions that are "At-The-Market" ("ATM") distributions. On October 1, 2020, the Company entered into an ATM equity facility with BMO Capital Markets (the lead agent), CIBC Capital Markets, H.C. Wainwright & Co. LLC, TD Securities Inc., Roth Capital Partners, LLC, B. Riley Securities Inc. and A.G.P./Alliance Global Partners (together, the "Agents"). Under the terms of this ATM facility, the Company could, from time to time, sell common stock having an aggregate offering value of up to $60,000 on the New York Stock Exchange. The Company determined, at its sole discretion, the timing and number of shares sold under the ATM facility. In the period from January 1, 2021 to July 20, 2021, when this ATM facility was completed, the Company issued 10,060,398 common shares under the ATM facility at an average price of $5.96 per share for gross proceeds of $59,998, less commission of $1,230 and recognized $379 of other transaction costs related to the ATM financing as share issuance costs, which have been presented net within share capital. On March 22, 2022, the Company completed a prospectus equity financing with the offering co-led by BMO Capital Markets and PI Financial Corp., together with a syndicate of underwriters consisting of CIBC World Markets Inc., B. Riley Securities Inc., and H.C. Wainwright & Co., LLC. The Company issued a total of 9,293,150 common shares at a price of $4.95 per share for aggregate gross proceeds of $46,001, less commission of $2,524 and recognized $361 of other transaction costs related to the financing as share issuance costs, which have been presented net within share capital. (c) Stock Options Options to purchase common shares have been granted to directors, officers, employees and consultants pursuant to the Company's current stock option plan, approved by the Company's shareholders in fiscal 2009 and amended and re-ratified in 2021, at exercise prices determined by reference to the market value on the date of grant. The stock option plan allows for, with approval by the Board, granting of options to its directors, officers, employees and consultants to acquire up to 5.0% of the issued and outstanding shares at any time. Prior to the 2021 amendment, the plan allowed for the granting of up to 7.0% of the issued and outstanding shares at any time. The following table summarizes the status of the Company's stock option plan and changes during the years 2022 and 2021. Expressed in Canadian dollars Years ended December 31, 2022 December 31, Number of Weighted Number of Weighted Outstanding, beginning of the year 3,848,200 $3.68 5,978,300 $3.29 Granted 736,986 $6.24 818,500 $6.90 Exercised (569,200 ) $3.57 (2,801,600 ) $3.76 Expired and forfeited (116,356 ) $6.63 (147,000 ) $4.29 Outstanding, end of the year 3,899,630 $4.09 3,848,200 $3.68 Options exercisable at the end of the year 3,374,459 $3.74 2,973,100 $3.40 During the year ended December 31, 2022, the weighted-average share price at the date of exercise was CAN$6.77 (December 31, 2021 - CAN$7.51) The following table summarizes the information about stock options outstanding at December 31, 2022: Expressed in Canadian dollars Options Outstanding Options Exercisable Number Weighted Average Weighted Number Weighted Outstanding Remaining Price as at Contractual Life Exercise as at Exercise Intervals December 31, 2022 (Number of Years) Price December 31, 2022 Price $2.00 - $2.99 1,366,600 2.2 $2.14 1,366,600 $2.14 $3.00 - $3.99 1,131,900 0.9 $3.45 1,131,900 $3.45 $5.00 - $5.99 60,000 2.7 $5.60 60,000 $5.60 $6.00 - $6.99 1,341,130 3.7 $6.56 815,959 $6.67 3,899,630 2.3 $4.09 3,374,459 $3.74 During the year ended December 31, 2022, the Company recognized share-based compensation expense of $1,642 (December 31, 2021 - $1,973) based on the fair value of the vested portion of options granted in the current and prior years. The weighted-average fair values of stock options granted and the assumptions used to calculate the related compensation expense have been estimated using the Black-Scholes Option Pricing Model with the following assumptions: Years ended December 31, 2022 December 31, Weighted-average fair value of options in CAN$ $3.17 $3.37 Risk-free interest rate 2.19% 0.66% Expected dividend yield 0% 0% Expected stock price volatility 67% 66% Expected options life in years 3.80 3.85 Option pricing models require the input of highly subjective assumptions. The expected life of the options considered such factors as the average length of time similar option grants in the past have remained outstanding prior to exercise, expiry or cancellation and the vesting period of options granted. Volatility was estimated based on average daily volatility based on historical share price observations over the expected term of the option grant. Changes in the subjective input assumptions can materially affect the estimated fair value of the options. The Company amortizes the fair value of stock options on a graded basis over the respective vesting period of each tranche of stock options awarded. As at December 31, 2022, the unvested stock option expense not yet recognized was $442 (December 31, 2021 - $472) which is expected to be recognized over the next 15 months. (d) Share Units Plan On March 23, 2021 the Company adopted an equity-based Share Unit Plan ("SUP"), which was approved by the Company's shareholders on May 12, 2021. The SUP allows for, with approval by the Board, granting of Performance Share Units ("PSU"s) and Deferred Share Units ("DSU"s), to its directors, officers, employees to acquire up to 1.5% of the issued and outstanding shares. The SUP incorporates all existing PSUs under the former PSU plan and any new DSUs granted and are to be subject to cash, share settlement or a combination of cash and share procedures at the discretion of the Board of Directors. Performance Share Units The PSUs granted are subject to a performance payout multiplier between 0% and 200% based on the Company's total shareholder return at the end of a three-year period, relative to the total shareholder return of the Company's peer group. Years ended December 31, 2022 December 31, Number of units Number of units Outstanding, beginning of year 1,639,000 1,805,000 Granted 316,000 322,000 Cancelled - (100,000 ) Settled for shares (797,000 ) (388,000 ) Outstanding, end of year 1,158,000 1,639,000 There were 316,000 PSUs granted during the year ended December 31, 2022 (December 31, 2021 - 322,000). The PSUs vest at the end of a three-year period if certain pre-determined performance and vesting criteria are achieved. Performance criteria are based on the Company's share price performance relative to a representative group of other mining companies. 611,000 PSUs vest on March 1, 2023, 231,000 PSUs vest on March 4, 2024, 256,000 PSUs vest on March 24, 2025 and 60,000 PSUs vest on or before June 30, 2024. On March 3, 2022, PSUs granted in 2019 vested with a payout multiplier of 200% based on the Company's shareholder return, relative to the total shareholder return of the Company's peer group over the three-year period and 535,000 PSUs were settled, on a net of tax basis, through the issuance of 664,170 common shares. On August 16, 2022, vesting was accelerated on a pro-rata basis for 195,000 PSUs granted in 2020 and 67,000 PSUs granted in 2021. As at December 31, 2022, there are 350,829 issuable shares from the settlement of these PSUs. During the year ended December 31, 2022, the Company recognized share-based compensation expense of $1,713 related to the PSUs (December 31, 2021 - $1,663). Deferred Share Units The DSUs granted are vested immediately and are redeemable for shares at the time of a director's retirement. Years ended December 31, 2022 December 31, Number of units Number of units Outstanding, beginning of year - - Granted 109,634 - Settled for shares (5,038 ) - Outstanding, end of year 104,596 - There were 109,634 DSUs granted during the year ended December 31, 2022 (December 31, 2021 - Nil) under the SUP. During the year ended December 31, 2022, 5,038 DSUs were settled, on a net of tax basis, through the issuance of 3,527 common shares. During the year ended December 31, 2022, the Company recognized share-based compensation expense of $523 related to the DSUs (December 31, 2021 - $Nil). (e) Deferred Share Units - Cash Settled The Company previously had a Deferred Share Unit ("DSU") plan whereby deferred share units were granted to independent directors of the Company in lieu of compensation in cash or share purchase options. These DSUs vested immediately and are redeemable for cash, based on the market value of the units at the time of a director's retirement. Upon adoption of the SUP plan in March 2021, no new DSUs will be granted under this cash settled plan. Expressed in Canadian dollars Years ended December 31, 2022 December 31, Number Weighted Average Number Weighted Average Outstanding, beginning of year 1,348,765 $3.24 1,266,199 $3.00 Granted - - 82,566 $6.90 Redeemed (304,561 ) $3.41 - - Outstanding, end of year 1,044,204 $3.19 1,348,765 $3.24 Fair value at year end 1,044,204 $4.38 1,348,765 $5.35 During the year ended December 31, 2022, the Company recognized a recovery on director's compensation related to these DSUs, which is included in general and administrative salaries, wages and benefits, of $885 (December 31, 2021 - a recovery of $707) based on the fair value of new grants and the change in the fair value of the DSUs granted in the current and prior years. As of December 31, 2022, there are 1,044,204 deferred share units outstanding (December 31, 2021 - 1,348,765) with a fair market value of $3,375 (December 31, 2021 - $5,682) recognized in accounts payable and accrued liabilities. During the year ended December 31, 2022, 304,561 DSUs were redeemed with a fair value of $1,421 (f) Share Appreciation Rights As part of the Company's bonus program, the Company may grant share appreciation rights ("SARs") to its employees in Mexico and Chile. The SARs are subject to vesting conditions and, when exercised, constitute a cash bonus based on the value of the appreciation of the Company's common shares between the SARs grant date and the exercise date. Years ended December 31, 2022 December 31, Number Weighted Average Number Weighted Average Outstanding, beginning of year 113,670 $5.40 - - Granted 148,030 $4.62 115,930 $5.40 Exercised (5,726 ) $3.17 (2,260 ) $5.34 Cancelled (74,235 ) $ 4.72 - - Outstanding, end of period 181,739 $5.12 113,670 $ 5.40 Exercisable at the end of the period 101,066 $5.18 40,912 $5.39 During the year ended December 31, 2022, the Company recognized an expense related to SARs, which is included in operation and exploration salaries, wages and benefits, of $1 (December 31, 2021 - an expense of $113) based on the change in the fair value of the SARs granted in prior years. As of December 31, 2022, there are 181,739 SARs outstanding (December 31, 2021 - 113,670) with a fair market value of $111 (December 31, 2021 - $113) The SARs were valued using an option pricing model, which requires the input of highly subjective assumptions. The expected life of the SARs considered such factors as the average length of time similar grants in the past have remained outstanding prior to exercise, expiry or cancellation and the vesting period of SARs granted. Volatility was estimated based on average daily volatility based on historical share price observations over the expected term of the SAR grant. Changes in the subjective input assumptions can materially affect the estimated fair value of the SARs. The Company amortized the fair value of SARs on a graded basis over the respective vesting period of each tranche of SARs awarded. (g) Diluted Earnings per Share Years ended December 31, 2022 December 31, Net earnings $ 6,201 $ 13,955 Basic weighted average number of shares outstanding 183,009,339 167,289,732 Effect of dilutive securities: Stock options 1,077,699 1,735,151 Equity settled deferred share units 104,596 - Performance share units 1,158,000 1,639,000 Diluted weighted average number of share outstanding 185,349,634 170,663,883 Diluted earnings per share $ 0.03 $ 0.08 As of December 31, 2022, there are 2,821,931 anti-dilutive stock options (December 31, 2021 - 2,113,049).

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2022
Revenue [abstract]
REVENUE [Text Block]	14. REVENUE Years ended December 31, December 31, 2022 2021 Silver sales (1) $ 142,688 $ 97,257 Gold sales (1) 70,501 70,022 Less: smelting and refining costs (3,029 ) (1,959 ) Revenue $ 210,160 $ 165,320 (1) Years ended December 31, December 31, 2022 2021 Revenue by product Concentrate sales $ 54,042 $ 57,011 Provisional pricing adjustments (47 ) (183 ) Total revenue from concentrate sales 53,995 56,828 Refined metal sales 156,165 108,492 Total revenue $ 210,160 $ 165,320 Provisional pricing adjustments on sales of concentrate consist of provisional and final pricing adjustments made prior to the finalization of the sales contract. The Company's sales contracts are provisionally priced with provisional pricing periods lasting typically one to three months with provisional pricing adjustments recorded to revenue as market prices vary. As at December 31, 2022, a 10% change to the underlying metals prices would result in a change in revenue and accounts receivable of $663 (December 31, 2021 - $470) based on the total quantities of metals in sales contracts for which the provisional pricing periods were not yet closed.

EXPLORATION AND EVALUATION

EXPLORATION AND EVALUATION	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Exploration [Abstract]
EXPLORATION AND EVALUATION [Text Block]	15. EXPLORATION AND EVALUATION Years ended December 31, 2022 December 31, Depreciation and depletion $ 624 $ 330 Share-based compensation 427 293 Exploration salaries, wages and benefits 1,829 1,975 Direct exploration expenditures 6,167 7,335 Evaluation salaries, wages and benefits 2,299 1,677 Direct evaluation expenditures 4,840 6,315 $ 16,186 $ 17,925

GENERAL AND ADMINISTRATIVE

GENERAL AND ADMINISTRATIVE	12 Months Ended
	Dec. 31, 2022
Selling, general and administrative expense [abstract]
GENERAL AND ADMINISTRATIVE [Text Block]	16. GENERAL AND ADMINISTRATIVE Years ended December 31, December 31, 2022 2021 Depreciation and depletion $ 214 $ 165 Share-based compensation 3,009 2,923 Salaries, wages and benefits 3,923 3,923 Directors' DSU expense (recovery) (885 ) (707 ) Direct general and administrative 4,352 3,759 $ 10,613 $ 10,063

CARE AND MAINTENANCE

CARE AND MAINTENANCE	12 Months Ended
	Dec. 31, 2022
Care And Maintenance [Abstract]
CARE AND MAINTENANCE [Text Block]	17. CARE AND MAINTENANCE Years ended December 31, December 31, 2022 2021 Depreciation and depletion $ 70 $ 55 Salaries, wages and benefits 22 497 Direct general and administrative 488 804 $ 580 $ 1,356 In November 2019, the Company suspended mining operations at the El Cubo mine and subsequently sold the mine on April 9, 2021. In August 2021, the Company suspended mining operations at the El Compas mine and the mine remained on care and maintenace until it was sold in September 2022. For the year ended December 31, 2022, the Company recognized a care and maintenance expense of $580 inclusive of $nil in severance costs (December 31, 2021 - $1,356 inclusive of $870 in severance costs).

FINANCE COSTS

FINANCE COSTS	12 Months Ended
	Dec. 31, 2022
Finance Cost [Abstract]
FINANCE COSTS [Text Block]	18. Years ended December 31, December 31, Notes 2022 2021 Accretion on provision for reclamation and rehabilitation 12 $ 479 $ 262 Interest on loans 10 726 650 Interest on lease liabilities 11 64 73 Other financing costs 31 - $ 1,300 $ 985

SUPPLEMENTAL DISCLOSURE WITH RE

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	12 Months Ended
	Dec. 31, 2022
Supplemental Disclosure With Respect To Cash Flows [Abstract]
SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS [Text Block]	19. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS Years ended December 31, December 31, 2022 2021 Net changes in non-cash working capital: Accounts and other receivables $ (4,385 ) $ 3,919 Income tax receivable (3,847 ) (3,695 ) Inventories 5,226 (11,103 ) Prepaid expenses (862 ) (2,873 ) Accounts payable and accrued liabilities 2,447 3,786 Income taxes payable 2,388 1,190 $ 967 $ (8,776 ) Non-cash financing and investing activities: Reclamation included in mineral properties, plant and equipment $ (463 ) $ (1,741 ) Fair value of exercised options allocated to share capital $ 770 $ 4,026 Fair value of performance share units allocated to share capital $ (1,361 ) $ - Fair value of capital assets acquired under finance leases $ 346 $ 90 Other cash disbursements: Income taxes paid $ 6,337 $ 992 Special mining duty paid $ 2,272 $ 1,331

SEGMENT DISCLOSURES

SEGMENT DISCLOSURES	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Segment Disclosures [Abstract]
SEGMENT DISCLOSURES [Text Block]	20. SEGMENT DISCLOSURES The Company's operating segments are based on internal management reports that are reviewed by the Company's executives (the chief operating decision makers) in assessing performance. The Company has two operating mining segments which are located in Mexico, Guanaceví and Bolañitos, and the El Compas mine which was on care and maintenance until the sale of the mine on September 9, 2022. The Company has one development project in Mexico, Terronera, as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico, Chile and the USA. Exploration projects that are in the local district surrounding a mine are included in the mine's segments. Comparative period figures related to Terronera, previously reported as part of the exploration segment have been reclassified to conform with current period's presentation. Comparative period figures related to the El Cubo mine, which was on care and maintenance from November 2019 until the sale of the mine and related assets in April 2021, previously reported as its own segment have been reclassified to the Corporate segment. December 31, 2022 Corporate Exploration Guanaceví Bolanitos Terronera Total Cash and cash equivalents $ 38,466 $ 1,935 $ 32,997 $ 7,371 $ 2,622 $ 83,391 Other investments 10,035 - - - - 10,035 Accounts and other receivables 383 669 5,824 6,246 14 13,136 Loans receivable 3,729 - - - - 3,729 Income tax receivable 17 - 3,934 73 - 4,024 Inventories 120 - 14,094 4,942 28 19,184 Prepaid expenses 1,685 144 1,155 536 13,431 16,951 Non-current deposits 150 2 321 92 - 565 Non-current IVA receivable - - 1,505 - 8,649 10,154 Non-current income tax receivable 3,570 - - - - 3,570 Right-of-use leased assets 512 - - 294 - 806 Mineral properties, plant and equipment 616 81,660 67,261 28,106 56,249 233,892 Total assets $ 59,283 $ 84,410 $ 127,091 $ 47,660 $ 80,993 $ 399,437 Accounts payable and accrued liabilities $ 6,837 $ 743 19,875 $ 5,327 $ 7,049 $ 39,831 Income taxes payable 65 282 5,539 730 - 6,616 Loans payable - - 1,025 2,092 11,393 14,510 Lease obligations 780 - 293 - - 1,073 Provision for reclamation and rehabilitation - 44 4,103 3,203 251 7,601 Deferred income tax liability - - 12,647 297 - 12,944 Other non-current liabilities - 69 443 437 19 968 Total liabilities $ 7,682 $ 1,138 $ 43,925 $ 12,086 $ 18,712 $ 83,543 December 31, 2021 Corporate Exploration Guanaceví Bolanitos El Compas Terronera Total Cash and cash equivalents $ 68,149 $ 144 $ 27,060 $ 4,234 $ 3,349 $ 367 $ 103,303 Other investments 11,200 - - - - - 11,200 Accounts and other receivables 812 - 6,706 6,633 308 3 14,462 Income tax receivable 169 1 3 2 2 - 177 Inventories 351 - 19,852 7,057 195 30 27,485 Prepaid expenses 1,327 118 844 349 20 2,477 5,135 Non-current deposits 150 - 321 128 - - 599 Non-current IVA receivable 164 - 1,434 - - 2,658 4,256 Deferred income tax asset - - - 936 - - 936 Non-current income tax receivable 3,570 - - - - - 3,570 Intangible assets 2 1 15 17 2 3 40 Right-of-use leased assets 564 - 100 - - - 664 Mineral properties, plant and equipment 373 18,963 54,234 27,371 2,005 19,251 122,197 Total assets $ 86,831 $ 19,227 $ 110,569 $ 46,727 $ 5,881 $ 24,789 $ 294,024 Accounts payable and accrued liabilities $ 10,121 $ 238 15,247 $ 4,667 $ 141 $ 1,577 $ 31,991 Income taxes payable 29 - 3,563 636 - - 4,228 Loans payable 43 - 2,005 4,048 - 4,398 10,494 Lease obligations 896 - 105 - - 1,001 Provision for reclamation and rehabilitation - - 3,997 3,237 163 - 7,397 Deferred income tax liability - - 1,271 235 - - 1,506 Total liabilities $ 11,089 $ 238 $ 26,083 $ 12,928 $ 304 $ 5,975 $ 56,617 Year ended December 31, 2022 Corporate Exploration Guanaceví Bolanitos El Compas Terronera Total Silver revenue $ - $ - $ 128,597 $ 14,091 $ - $ - $ 142,688 Gold revenue - - 27,569 42,932 - - 70,501 Less: smelting and refining costs - - - (3,029 ) - - (3,029 ) Total revenue $ - $ - $ 156,166 $ 53,994 $ - $ - $ 210,160 Salaries, wages and benefits: mining $ - $ - $ 7,578 $ 7,778 $ - $ - $ 15,499 processing - - 3,444 2,281 - - 5,813 administrative - - 5,959 4,028 - - 10,096 share-based compensation - - 221 221 - - 442 change in inventory - - 1,941 825 - - 2,426 Total salaries, wages and benefits - - 19,143 15,133 - - 34,276 Direct costs: mining - - 29,636 12,494 - - 41,881 processing - - 15,594 6,028 - - 21,622 administrative - - 7,096 4,432 - - 11,495 change in inventory - - 3,175 1,591 - - 5,048 Total direct production costs - - 55,501 24,545 - - 80,046 Depreciation and depletion: depreciation and depletion - - 12,838 10,589 - - 23,427 change in inventory - - 1,291 461 - - 1,752 Total depreciation and depletion - - 14,129 11,050 - - 25,179 Royalties - - 17,554 257 - - 17,811 Write down of inventory to NRV - - 642 681 - - 1,323 Total cost of sales $ - $ - $ 106,969 $ 51,666 $ - $ - $ 158,635 Care and maintenance costs - - - - 580 - 580 Write-off of exploration properties - - - - - 682 682 Earnings (loss) before taxes $ (9,128 ) $ (9,047 ) $ 49,197 $ 2,328 $ (580 ) $ (7,821 ) $ 24,949 Current income tax expense (recovery) 63 282 5,671 360 - - 6,376 Deferred income tax expense (recovery) - - 11,375 997 - - 12,372 Total income tax expense (recovery) 63 282 17,046 1,357 - - 18,748 Net earnings (loss) $ (9,191 ) $ (9,329 ) $ 32,151 $ 971 $ (580 ) $ (7,821 ) $ 6,201 The Exploration segment included $1,899 of costs incurred in Chile for the year ended December 31, 2022 (December 31, 2021 - $2,178). Year ended December 31, 2021 Corporate Exploration Guanaceví Bolanitos El Compas Terronera Total Silver revenue $ - $ - $ 85,854 $ 10,149 $ 1,254 $ - $ 97,257 Gold revenue - - 22,638 38,645 8,739 - 70,022 Less: smelting and refining costs - - - (1,715 ) (244 ) - (1,959 ) Total revenue $ - $ - $ 108,492 $ 47,079 $ 9,749 $ - $ 165,320 Salaries, wages and benefits: mining $ - $ - $ 8,352 $ 5,574 $ 1,314 $ - $ 15,240 processing - - 3,303 1,799 614 - 5,716 administrative - - 5,406 3,331 823 - 9,560 share-based compensation - - 180 180 61 - 421 change in inventory - - (2,946 ) (764 ) 342 - (3,368 ) Total salaries, wages and benefits - - 14,295 10,120 3,154 - 27,569 Direct costs: mining - - 25,253 11,076 2,746 - 39,075 processing - - 12,220 5,373 1,205 - 18,798 administrative - - 5,981 3,813 1,380 - 11,174 change in inventory - - (5,808 ) (1,306 ) 522 - (6,592 ) Total direct production costs - - 37,646 18,956 5,853 - 62,455 Depreciation and depletion: depreciation and depletion - - 11,842 13,696 1,436 - 26,974 change in inventory - - (3,899 ) (205 ) 1,107 - (2,997 ) Total depreciation and depletion - - 7,943 13,491 2,543 - 23,977 Royalties 3 - 13,165 265 350 - 13,783 Write down of inventory to NRV - - 539 357 272 - 1,168 Total cost of sales $ 3 $ - $ 73,588 $ 43,189 $ 12,172 $ - $ 128,952 Care and maintenance costs 859 - - - 497 - 1,356 Write-off of exploration properties - - - - 870 - 870 Impairment (impairment reversal) (16,791 ) - - - - - (16,791 ) Earnings (loss) before taxes $ 13,324 $ (10,648 ) $ 34,904 $ 3,890 $ (3,790 ) $ (7,992 ) $ 29,688 Current income tax expense (recovery) - - 3,206 275 - - 3,481 Deferred income tax expense (recovery) - - 9,924 2,328 - - 12,252 Total income tax expense (recovery) - - 13,130 2,603 - - 15,733 Net earnings (loss) $ 13,324 $ (10,648 ) $ 21,774 $ 1,287 $ (3,790 ) $ (7,992 ) $ 13,955 The Exploration segment included $2,178 of costs incurred in Chile for the year ended December 31, 2021 (December 31, 2020 - $1,799).

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Disclosure Of Income Taxes [Abstract]
INCOME TAXES [Text Block]	21. (a) Minera Santa Cruz y Garibaldi S.A. de C.V. ("MSCG"), a subsidiary of the Company, received a MXN 238 million assessment on October 12, 2010 by Mexican fiscal authorities for failure to provide the appropriate support for certain expense deductions taken in MSCG's 2006 tax return, failure to provide appropriate support for loans made to MSCG from affiliated companies, and deemed an unrecorded distribution of dividends to shareholders, among other individually immaterial items. MSCG immediately initiated a Nullity action and filed an administrative attachment to dispute the assessment. In June 2015, the Superior Court ruled in favour of MSCG on a number of the matters under appeal; however, the Superior Court ruled against MSCG for failure to provide appropriate support for certain deductions taken in MSCG's 2006 tax return. In June 2016, the Company received an MXN 122.9 million ($6,300) tax assessment based on the June 2015 ruling. The 2016 tax assessment comprised of MXN 41.8 million owed ($2,100) in taxes, MXN 17.7 million ($900) in inflationary charges, MXN 40.4 million ($2,100) in interest and MXN 23.0 million ($1,200) in penalties. The 2016 tax assessment was issued for failure to provide the appropriate support for certain expense deductions taken in MSCG's 2006 tax return and failure to provide appropriate support for loans made to MSCG from affiliated companies. The MXN 122.9 million assessment includes interest and penalties. If MSCG agrees to pay the tax assessment, or a lesser settled amount, it is eligible to apply for forgiveness of 100% of the penalties and 50% of the interest. The Company filed an appeal against the June 2016 tax assessment on the basis certain items rejected by the courts were included in the new tax assessment, and a number of deficiencies exist within the assessment. Since issuance of the assessment interest charges of MXN 16.9 million ($867) and inflationary charges of MXN 25.3 million ($1,298) have accumulated. Included in the Company's consolidated financial statements are net assets of $ 964 964 Compania Minera Del Cubo S.A. de C.V. ("Cubo"), a subsidiary of the Company, received a MXN 58.5 million ($2,900 ($1,200 ($1,100 ($500 ($100 Due to the denial of certain suppliers for income tax purposes in the Cubo assessment, the invoices from these suppliers have been assessed as ineligible for refunds of IVA paid on the invoices. The assessment includes MXN 14.7 million ($600 The Company has filed an administrative appeal related to the 2016 Cubo Tax assessment. The Company had previously provided a lien on certain El Cubo mining concessions during the appeal process. To facilitate the sale of the El Cubo mine and related assets, the Company elected to pay the assessed amount of $3,500 during Q1, 2021. During the appeal process the amount paid has been classified as a non-current income tax receivable. Since issuance of the assessment interest charges of MXN 9.9 million ($500) and inflationary charges of MXN 1.6 million ($100) had accumulated. The Company continues to assess that it is probable that its appeal will prevail, and no provision is recognized in respect of the Cubo tax assessment. The Company's Mexican operations are subject to an Environmental Royalty Tax of 0.5% of gross sales and in 2022 the Company recognized $938 in royalty expense for the Environmental Royalty Tax (2021 - $950), included in cost of sales. Deferred Income Tax Assets and Liabilities Mexico operations December 31, December 31, Deferred tax derived from income tax 2022 2021 Deferred income tax assets: Tax loss carryforwards $ 3,032 $ 8,893 Working capital 3,155 11,287 Deferred income tax liabilities: Inventories (2,814 ) (7,146 ) Mineral properties, plant and equipment (13,772 ) (12,177 ) Deferred income tax assets (liabilities), net $ (10,399 ) $ 857 Mexico operations December 31, December 31, Deferred tax derived from special mining duty 2022 2021 Deferred income tax liabilities: Working capital $ (227 ) $ 510 Mineral properties, plant and equipment (2,318 ) (1,937 ) Deferred income tax assets (liabilities), net $ (2,545 ) $ (1,427 ) (b) Income Tax Expense Years ended December 31, December 31, 2022 2021 Current income tax expense: Current income tax expense in respect of current year $ 3,180 $ 754 Special mining duty 3,196 2,726 Deferred income tax expense: Deferred tax expense recognized in the current year 14,762 19,641 Special mining duty 1,115 574 Adjustments recognized in the current year in relation to prior years (3,505 ) (7,962 ) Total income tax expense $ 18,748 $ 15,733 The reconciliation of the income tax provision computed at statutory tax rates to the reported income tax provision is as follows: December 31, December 31, 2022 2021 Canadian statutory tax rates 27.00% 27.00% Income tax expense computed at Canadian statutory rates $ 5,892 $ 8,015 Foreign tax rates different from statutory rate 1,858 986 Withholding taxes, net of tax credits - - Share-based compensation 667 545 Foreign exchange 764 2,279 Inflationary adjustment 3,898 4,836 Other non-deductible items 2,652 1,375 Adjustments recognized in the current year in relation to prior years 1,298 (468 ) Current year losses not recognized 2,364 2,456 Special mining duty Mexican tax 4,158 3,203 Recognition of previously unrecognized losses (4,803 ) (7,494 ) Income tax expense $ 18,748 $ 15,733 (c) Unrecognized Deferred Tax Assets Management believes that sufficient uncertainty exists regarding the realization of certain deferred tax assets such that they have not been fully recognized. The tax benefits not recognized reflect management's assessment regarding the future realization of Canadian, Chilean and certain Mexican tax assets and estimates of future earnings and taxable income in these jurisdictions as of December 31, 2022. When circumstances cause a change in management's judgement about the recoverability of deferred tax assets, the impact of the change will be reflected in current income. Loss Carry Forward December 31, December 31, Expiry 2022 2021 Unrecognized Mexico tax loss carry forward 2023-2032 $ 75,540 $ 118,810 Unrecognized Canada tax loss carry forward 2025-2032 11,005 7,525 Unrecognized Chile tax loss carry forward 2023-2032 18,146 16,403 Capital losses 21,174 9,650 Reclamation provision 7,556 7,396 Exploration pools 7,194 13,569 Other Canada temporary differences 10,905 13,069

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Text Block]	22. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (a) Financial assets and liabilities As at December 31, 2022, the carrying and fair values of the Company's financial instruments by category are as follows: Fair value Amortized Carrying value Fair $ $ $ $ Financial assets: Cash and cash equivalents - 83,391 83,391 83,391 Other investments 10,035 - 10,035 10,035 Trade and other receivables 4,385 689 5,074 5,074 Loans receivable - 3,729 3,729 3,729 Total financial assets 14,420 87,809 102,229 102,229 Financial liabilities: Accounts payable and accrued liabilites 3,486 36,345 39,831 39,831 Loans payable - 14,510 14,510 14,510 Total financial liabilities 3,486 50,855 54,341 54,341 (b) Fair value hierarchy Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy establishes three levels to classify the inputs to valuation techniques used to measure fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability (for example, interest rate and yield curves observable at commonly quoted intervals, forward pricing curves used to value currency and commodity contracts and volatility measurements used to value option contracts), or inputs that are derived principally from or corroborated by observable market data or other means. Level 3 inputs are unobservable (supported by little or no market activity). The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. Level 1: Other investments are comprised of marketable securities. When there is an active market are determined based on a market approach reflecting the closing price of each particular security at the reporting date. The closing price is a quoted market price obtained from the exchange that is the principal active market for the particular security. As a result, $9,774 of these financial assets have been included in Level 1 of the fair value hierarchy. Cash settled deferred share units are determined based on a market approach reflecting the Company's closing share price or share price at redemption date for any pending settlements. Level 2: The Company determines the fair value of the embedded derivatives related to its accounts and other receivables based on the quoted closing price obtained from the silver and gold metal exchanges and the fair value of the SARs liability is determined by using an option pricing model. Level 3: Included in other investments are share purchase warrants. Fair value of the warrants at each period end has been estimated using the Black-Scholes Option Pricing Model. As a result, $261 of these financial assets have been included in Level 3 of the fair value hierarchy. Assets and liabilities as at December 31, 2022 measured at fair value on a recurring basis include: Total Level 1 Level 2 Level 3 $ $ $ $ Financial assets: Accounts and other receivables 5,074 689 4,385 - Other investments 10,035 9,774 - 261 Total financial assets 15,109 10,463 4,385 261 Financial liabilities: Deferred share units 3,375 3,375 - - Share appreciation rights 111 - 111 - Total financial liabilities 3,486 3,375 111 - (c) Financial instrument risk exposure and risk management The Company is exposed in varying degrees to a variety of financial instrument related risks. The Board approves and monitors the risk management process. The types of risk exposure and the manner in which such exposures are managed is outlined as follows: Credit Risk The Company is exposed to credit risk on its bank accounts, accounts and other receivables and loans receivable. Credit risk exposure on bank accounts is limited through maintaining the Company's balances with high-credit quality financial institutions, maintaining investment policies, assessing institutional exposure and continual discussion with external advisors. Accounts and other receivables are generated on the sale of concentrate inventory to reputable metal traders as well as various other receivables arising from operations. There has been no indication of a change in creditworthiness of the counterparty to the loan receivable since the initial recognition. The carrying amount of financial assets represents the Company's maximum credit exposure. Below is an aged analysis of the Company's financial instruments included in accounts and other receivables: Carrying Gross Carrying Gross amount impairment amount impairment December 31, 2022 December 31, Less than 1 month $ 3,794 $ - $ 4,159 $ - 1 to 3 months 852 - 754 - 4 to 6 months 251 - - - Over 6 months - - 10 - Total $ 4,897 $ - $ 4,923 $ - At December 31, 2022, 99.7% of the receivables that are outstanding greater than one month are trade receivables and pending concentrate sales (December 31, 2021 - 79.0%) and 0.3% of the receivables outstanding greater than one month are comprised of other receivables (December 31, 2021 - 21.0%). Company historical default rate and frequency of losses are low, and the lifetime expected credit loss allowance for receivables is nominal as at December 31, 2022. Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they come due. We manage our liquidity risk by continually monitoring forecasted and actual cash flows. We have in place a planning and budgeting process to help determine the funds required to support our normal operating requirement and development plans. We aim to maintain sufficient liquidity to meet our short term business requirements, taking into account our anticipated cash flows from operations, our holdings of cash and cash equivalents, and our committed and anticipated liabilities. The following table summarizes the remaining contractual maturities of the Company's financial liabilities and operating and capital commitments at December 31, 2022: Less than 1 to 3 4 to 5 Over 5 1 year years years years Total $ $ $ $ $ Accounts payable and accrued liabilities 39,831 - - - 39,831 Loans payable 6,643 7,783 1,347 - 15,773 Lease liabilities 337 503 328 97 1,265 Provision for reclamation and rehabilitation - - 6,991 4,479 11,470 Capital expenditure commitments 26,576 - - - 26,576 Operating leases 147 206 206 60 619 Total contractual obligations 73,534 8,492 8,872 4,636 95,534 Market Risk Significant market related risks to which the Company is exposed consist of foreign currency risk, commodity price risk and equity price risk. Foreign Currency Risk The US dollar equivalents of financial assets and liabilities denominated in currencies other than the US dollar as at December 31, 2022 , December 31, 2022 December 31, Canadian Dollar Mexican Peso Canadian Dollar Mexican Peso Financial assets $ 10,442 $ 9,995 $ 13,338 $ 9,590 Financial liabilities (5,758 ) (17,445 ) (8,846 ) (13,910 ) Net financial assets (liabilities) $ 4,684 $ (7,450 ) $ 4,492 $ (4,320 ) Of the financial assets listed above, $404 (2021 - $2,315) represents cash and cash equivalents held in Canadian dollars and $5,612 (2021 - $5,208) represents cash held in Mexican Pesos. The remaining cash balance is held in US dollars. As at December 31, 2022, with other variables unchanged, a 5% strengthening of the US dollar against the Canadian dollar would reduce net earnings by $220 due to these financial assets and liabilities. As at December 31, 2022, with other variables unchanged, a 5% strengthening of the US dollar against the Mexican peso would increase net earnings by $340 due to these financial assets and liabilities. Commodity Price Risk

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Significant Accounting Policies [Abstract]
Currency Translation [Policy Text Block]	(a) Currency Translation The functional and reporting currency of the Company and its subsidiaries is the US dollar. Transactions in currencies other than an entity's functional currency are recorded at the rates of exchange prevailing on the transaction dates. Monetary assets and liabilities that are denominated in foreign currencies are translated at the rates prevailing at each reporting date. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate at the date the fair value was determined. Non-monetary items that are measured in terms of historical costs in a foreign currency are not retranslated. Foreign currency translation differences are recognized in comprehensive earnings (loss).
Use of estimates and judgments [Policy Text Block]	(b) Use of estimates and judgments The preparation of consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies, the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and judgments are based on management's knowledge of the relevant facts and circumstances at the time, having regard to prior experience, and are continually evaluated. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Actual results could differ materially from those estimates. Significant areas requiring the use of management judgment relate to the determination of mineralized reserves and resources, plant and equipment useful lives, existence of indication of impairment or impairment reversal of non-current assets, and recognition of deferred tax assets. Significant areas requiring the use of management estimates relate to the valuation of inventory, mineral properties, plant and equipment, impairment of non-current assets, provision for reclamation and rehabilitation, and income taxes. Critical judgments and estimates in applying policies that have the most significant effect on the amounts recognized in the consolidated financial statements include the following: Determination of ore reserves and resources Judgments about the amount of product that can be economically and legally extracted from the Company's properties are made by management using a range of geological, technical and economic factors, history of conversion of mineral deposits to proven and probable reserves as well as data regarding quantities, grades, production techniques, recovery rates, production costs, commodity prices and exchange rates. This process may require complex and difficult geological judgments to interpret the data. The Company uses qualified persons (as defined by the Canadian Securities Administrator's National Instrument 43-101) to compile this data. Changes in the judgments surrounding reserves and resources may impact the carrying value of mineral properties, plant and equipment (Note 8), reclamation and rehabilitation provisions (Note 12), recognition of deferred income tax amounts (Note 21), and depreciation, depletion and amortization (Note 8). Estimating the quantity and/or grade of reserves and resources requires the size, shape and depth of ore bodies or fields to be determined by analyzing geological data such as drilling samples. Following this, the quantity of ore that can be extracted in an economical manner is calculated using data regarding the life of mine plans and forecast sales prices (based on current and long-term historical average price trends). Changes in estimates can be the result of estimated future production differing from previous forecasts of future production, expansion of mineable ore through exploration activities, differences between estimated and actual costs of mining and differences in the commodity price used in the estimation of mineable ore. Review of asset carrying values and assessment of impairment (accounting policy Note 3 (h) and Note 3 (f)) Management applies significant judgment in assessing each cash-generating unit or assets for the existence of indicators of impairment or impairment reversal at the reporting date. Internal and external factors are considered in assessing whether indicators are present that would necessitate impairment testing. Significant assumptions regarding commodity prices, operating costs, capital expenditures and discount rates are used in determining whether there are any indicators of impairment. These assumptions are reviewed regularly by senior management and compared, when applicable, to relevant market consensus views. If an indicator of impairment or reversal exists, the asset's recoverable amount is estimated. The recoverable amount is the greater of fair value less costs of disposal and value in use. The determination of fair value less costs of disposal and value in use requires management to make estimates and assumptions about future metal prices, production based on current estimates of capacity, ore grade, recovery rate and recoverable reserves and resources, future operating costs, capital expenditures and assets salvage value The estimates and assumptions are subject to risk and uncertainty, and as such there is the possibility that changes in circumstances will alter these projections, which may impact the recoverable amount of the assets. In such circumstances, some or all of the carrying value of the assets may be further impaired or the impairment charge reduced with the impact recorded in earnings (loss). Estimation of the amount and timing of reclamation and rehabilitation costs (accounting policy Note 3 (j)) Accounting for restoration requires management to make estimates of the future costs the Company will incur to complete the reclamation and rehabilitation work required to comply with existing laws, regulations and agreements in place at each mining operation and any environmental and social principles the Company is in compliance with. The calculation of the present value of these costs also includes assumptions regarding the timing of reclamation and rehabilitation work, applicable risk-free interest rate for discounting those future cash flows, inflation and foreign exchange rates and assumptions relating to probabilities of alternative estimates of future cash flows. Actual costs incurred may differ from those amounts estimated. Future changes to environmental laws and regulations could increase the extent of reclamation and rehabilitation work required to be performed by the Company. Increase in future costs could materially impact the amounts charged to operations for reclamation and rehabilitation. Taxes (Note 3 (m)) Judgment is required in determining the recognition and measurement of deferred income tax assets and liabilities on the balance sheet. In the normal course of business, the Company is subject to assessment by taxation authorities in various jurisdictions. These authorities may have different interpretations of tax legislation or tax agreements than those applied by the Company in computing current and deferred income taxes. These different interpretations may alter the timing or amounts of taxable income or deductions. Final taxes payable and receivable are dependent on many factors, including outcomes of tax litigation and resolution of disputes. The resolution of these uncertainties may result in adjustments to the Company's tax assets and liabilities and value added tax receivable balances. Management assesses the likelihood and timing of taxable earnings in future periods in recognizing deferred income tax assets. Estimates of future taxable income are based on forecasted cash flows using life of mine projections and the application of existing tax laws in each jurisdiction. To the extent that future cash flows and taxable income differ significantly from estimates, the ability of the Company to realize the net deferred income tax assets recorded at the balance sheet date could be impacted. In addition, future changes to tax laws could limit the ability of the Company to obtain tax deductions in future periods from deferred income tax assets. Deferred income tax assets are disclosed in Note 21. Inventory (Note 3(e)) In valuing inventories at the lower of cost and net realizable value, the Company makes estimates in determining the net realizable price and in quantifying the contained metal in finished goods and work in process.
Cash and cash equivalents [Policy Text Block]	(c) Cash and cash equivalents Cash and cash equivalents consist of deposits in banks and highly liquid investments with an original maturity at the date of the purchase of no more than three months, or that are readily convertible into cash.
Marketable securities [Policy Text Block]	(d) Marketable securities Marketable securities include investments in shares of companies and other investments capable of reasonably prompt liquidation. Share investments are measured at fair value through profit and loss and carried at fair value. Unrealized gains and losses are recognized in earnings (loss).
Inventories [Policy Text Block]	(e) Inventories Work in process inventories, including ore stockpiles, are valued at the lower of production cost and net realizable value, after an allowance for further processing costs. Finished goods inventory, characterized as doré bars or concentrate, is valued at the lower of production cost and net realizable value. Materials and supplies are valued at the lower of cost and replacement cost. Similar inventories within the consolidated group are measured using the same method, and the reversal of previous write-downs to net realizable value is required when there is a subsequent increase in the value of inventories.
Intangible assets [Policy Text Block]	(f) Intangible assets Intangible assets are initially recognized at cost if acquired externally, or at fair value if acquired as part of a business combination and have a useful life of greater than one year. Intangible assets which have finite useful lives are measured at cost less accumulated amortization and accumulated impairment. Intangible assets that are assessed as having a finite useful life are amortized over their useful life on a straight-line basis from the date they become available for use and are tested for impairment if indications exist that they may be impaired. The useful life is determined using the period of the underlying contract or the period over which the intangible asset can be expected to be used.
Mineral properties, plant and equipment [Policy Text Block]	(g) Mineral properties, plant and equipment Mineral properties, plant and equipment are stated at cost less accumulated depreciation, depletion and accumulated impairment losses. The cost of mineral properties, plant and equipment items consists of the purchase price, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use and an initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Mineral properties include direct costs of acquiring properties (including option payments) and costs incurred directly in the development of properties once the technical feasibility and commercial viability has been established. Development costs relating to specific properties are capitalized prospectively upon management's determination that a property will be developed. A development decision is made based upon consideration of project economics, including future metal prices, reserves and resources, and estimated operating and capital costs. Capitalization of costs incurred ceases when the property is capable of operating in the manner intended by management. Exploration and evaluation costs are those costs required to acquire a mineral property and determine commercial feasibility. These costs include costs to establish an initial mineral resource and determine whether inferred mineral resources can be upgraded to measured and indicated mineral resources and whether measured and indicated mineral resources can be converted to proven and probable reserves. The Company recognizes acquisition costs for exploration and evaluation properties as assets when acquired as part of a business combination or asset purchase. All other exploration and evaluation costs are expensed as incurred until the technical feasibility and commercial viability of the property has been established and a development decision has been made. Capitalized exploration and evaluation costs for a project are classified as such until the project demonstrates technical feasibility and commercial viability. Upon demonstrating technical feasibility and commercial viability, and subject to an impairment analysis, capitalized exploration and evaluation costs are transferred to mineral property costs within mineral properties, plant and equipment. Ongoing exploration costs as well as evaluation costs that do not meet requirement for capitalizing are expensed in earnings (loss) for the period. Where an item of plant and equipment comprises major components with different useful lives, the components are accounted for as separate items of plant and equipment and amortized separately over their useful lives. Plant and equipment are recorded at cost and amortized using either the straight-line method at rates varying from 5% to 30% annually or amortized on a units of production method, based on proven and probable reserves. The accumulated costs of mineral properties are amortized using the units of production method, based on proven and probable reserves (as defined by National Instrument 43-101). The Company conducts an annual assessment of the residual balances, useful lives and depreciation methods being used for mineral properties, plant and equipment and any changes arising from the assessment are applied by the Company prospectively.
Impairment of Non-Current Assets [Policy Text Block]	(h) Impairment of non-current assets The Company's tangible assets are reviewed for indications of impairment or reversal of a previous impairment at each financial statement date. If an indicator of impairment or reversal exists, the asset's recoverable amount is estimated. An impairment loss is recognized when the carrying amount of an asset, or its cash-generating unit, exceeds its recoverable amount. A cash-generating unit is the smallest identifiable group of assets that generates cash flows that are largely independent of the cash flows from other assets or groups of assets. Impairment losses are recognized in earnings (loss) for the period. The recoverable amount is the greater of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the cash-generating unit to which the asset belongs. An impairment loss is reversed if there is an indication that there has been a change in the estimates used to determine the recoverable amount and the recoverable amount exceeds the carrying amount. An impairment loss is reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. Management periodically reviews the carrying values of its exploration and evaluation assets with internal and external mining related professionals. A decision to abandon, reduce or expand a specific project is based upon many factors including general and specific assessments of reserves, forecast future metal prices, forecast future costs of exploring, developing and operating a producing mine, expiration term and ongoing expense of maintaining leased mineral properties and the general likelihood that the Company will continue exploration. The Company does not set a pre-determined holding period for properties with unproven reserves. However, properties which have not demonstrated suitable mineral concentrations at the conclusion of each phase of an exploration program are re-evaluated to determine if future exploration is warranted and their carrying values are recoverable. If any area of interest is abandoned or it is determined that its carrying value cannot be supported by future production or sale, the related costs are recognized in earnings (loss) in the period of abandonment or determination that the carrying value exceeds its fair value. The amounts recorded as mineral properties represent costs incurred to date and do not necessarily reflect present or future values.
Leases [Policy Text Block]	(i) Leases At inception of a contract, the Company assesses whether a contract is or contains a lease. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which is composed of: The amount of the initial measurement of the lease liability Any lease payments made at or before the commencement date Any indirect costs incurred An estimate of costs to dismantle and remove the underlying asset or to restore the site on which the asset is located Less any incentives received from the lessor The right-of-use asset is depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. Estimated useful lives of right-of-use assets are determined on the same basis as those of property and equipment. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or if that rate cannot be readily determined, the Company's incremental borrowing rate. Lease payments included in the measurement of the lease liability are composed of: Fixed payments, including in-substance fixed payments Variable lease payments that depend on an index or rate, initially measured using the index or rate as at the commencement date Amounts expected to be payable under a residual value guarantee; and The exercise price under a purchase option that the Company is reasonably certain to exercise, lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate early. The lease payments exclude variable payments which are dependent on external factors other than an index or a rate. These variable payments are recognized directly in earnings (loss). The lease liability is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company's estimated amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in earnings (loss) if the carrying amount of the right-of-use asset has been reduced to zero. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value assets. The lease payments associated with these leases are expensed on a straight-line basis over the lease term.
Provision for Reclamation and Rehabilitation [Policy Text Block]	(j) Provision for reclamation and rehabilitation The Company recognizes provisions for statutory, contractual, constructive or legal obligations associated with the decommissioning and reclamation of mineral properties, plant and equipment, when those obligations result from the acquisition, construction, development or normal operation of the assets. A liability is recognized at the time environmental disturbance occurs and the resulting costs are capitalized to the corresponding asset. The provision for reclamation and rehabilitation obligations is estimated using expected cash flows based on engineering and environmental reports prepared by third-party industry specialists and is discounted at a pre-tax rate specific to the liability. The capitalized amount is amortized on the same basis as the related asset. In subsequent periods, the liability is adjusted for any changes in the amount or timing of the estimated future cash costs, changes in the discount or inflation rates and for the accretion of discounted underlying future cash flows. The unwinding of the effect of discounting the provision is recorded as a finance cost in earnings (loss) for the period.
Revenue recognition [Policy Text Block]	(k) Revenue recognition Revenue is generated from the sale of refined silver and gold or from the sale of these metals contained in doré or concentrate. Revenue for doré is recorded in the consolidated statement of comprehensive earnings (loss) gross of treatment and refining costs paid to counterparties under the terms of the sales agreements. Revenue for concentrate is recorded in the consolidated statement of comprehensive earnings (loss) net of treatment and refining costs paid to counterparties under the terms of the sales agreements. Revenue is recognized when control of the metal is transferred to the customer in an amount that reflects the consideration the Company expects to receive in exchange for the metals. In determining whether the Company has satisfied its performance obligation, it considers the indicators of the transfer of control, which include but are not limited to, whether: the Company has a present right to payment; the customer has a legal title to the asset; the Company has transferred physical possession of the asset to the customer; and the customer controls the risks and rewards of ownership of the asset. Revenue from metals in doré The refiners who receive doré from the Company refine the materials on the Company's behalf. The refiners transfer the refined product to our customers according to the Company's instructions. Refined metals are sold at spot prices with sales proceeds collected upon or within several days of the completion of the sales transaction. Revenue from sale of doré is recognized at the time a metal sale is executed and the Company has irrevocably directed the refiner to deliver the refined metal to the customer. Revenue from metals in concentrate Metals in concentrate are sold under pricing arrangements where final prices are determined by market prices subsequent to the date of sale. Revenue from the sale of concentrates is provisionally priced at the date control transfers. On transfer, the Company recognizes revenue on a provisional basis based on current prices and at each period end, re-estimated prices based on period end closing prices for the estimated month of settlement. The final selling price is subject to movements in metal prices up to the final settlement date. Revenue is initially recognized based on the estimated mineral content then adjusted to final settlement adjustments. Final settlement periods range from two to six months after delivery of the product. Variations between the sales price recorded at the initial recognition date and the actual final sales price at the settlement date, caused by changes in market metal prices, results in an embedded derivative in the related trade accounts receivable. For each reporting period until final settlement, period end closing prices are used to record revenue. The embedded derivative is recorded at fair value each period until final settlement occurs, with changes in fair value classified as an adjustment to revenue.
Share-based payments [Policy Text Block]	(l) Share-based payments The Company has a share option plan and a share unit plan which are described in Note 13 (c) and Note 13 (d) respectively. Equity-settled share-based payment awards to employees are measured by reference to the fair value of the equity instruments granted and are charged over the vesting period using the graded vesting method. The amount recognized as an expense is adjusted to reflect the actual number of share options for which the related service and vesting conditions are met. Equity-settled share-based payment awards to non-employees are measured at the fair value of the goods or services received as the goods or services are received, unless that fair value cannot be measured reliably, in which case they are measured by reference to the fair value of the equity instrument. The offset is credited to contributed surplus. Consideration received on the exercise of stock options is recorded as share capital and the related contributed surplus is transferred to share capital. For those options that expire or are forfeited after vesting, the amount previously recorded in contributed surplus is transferred to deficit. Share-based compensation expense relating to cash-settled awards, including deferred share units and share appreciation rights which are described in Note 13 (e) and Note 13 (f), is recognized over the vesting period of the units based on the fair market value of the units. As these awards will be settled in cash, the expense and liability are adjusted each reporting period for changes in the fair value.
Income taxes [Policy Text Block]	(m) Income taxes Income tax expense (recovery) comprises current and deferred tax. It is recognized in earnings (loss) except to the extent that it relates to a business combination, or items recognized directly in equity or other comprehensive income. Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustments to the tax payable or receivable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date. Current tax also includes any tax arising from dividends. The Company follows the asset and liability method of accounting for deferred income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and tax losses carried forward. Deferred tax assets and liabilities are measured using enacted or substantively enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings (loss) in the period that includes the substantive enactment date. Deferred tax assets are recognized to the extent their recovery is considered probable based on their term to expiry and estimates of future taxable income. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable earnings improve.
Earnings per share [Policy Text Block]	(n) Earnings per share Basic earnings per share is computed by dividing the net earnings (loss) available to common shareholders by the weighted average number of shares (o) Business combinations On a business combination, the acquisition method of accounting is used, whereby the purchase consideration is allocated to the identifiable assets, liabilities and contingent liabilities (identifiable net assets) based on fair value at the date of acquisition. When the cost of acquisition exceeds the fair values attributable to the Company's share of identifiable net assets, the difference is treated as purchased goodwill. If the fair value attributable to the Company's share of the identifiable net assets exceeds the cost of acquisition, the difference is immediately recognized in earnings (loss). Incremental costs related to acquisitions are expensed as incurred.
Business combinations [Policy Text Block]	Determination of the fair value of assets acquired and liabilities assumed and resulting goodwill, if any, requires that management make estimates based on the information provided by the acquiree. Changes to the provisional values of assets acquired and liabilities assumed, deferred income taxes and resulting goodwill, if any, will be adjusted when the final measurements are determined (within one year of the acquisition date). When purchase consideration is contingent on future events, the initial cost of the acquisition recorded includes an estimate of the fair value of the contingent amounts expected to be payable in the future. Changes to the estimated fair value of contingent consideration subsequent to the acquisition date are recorded in earnings (loss).
Financial Instruments [Policy Text Block]	(p) Financial instruments The Company recognizes financial assets and financial liabilities on the date the Company becomes party to the contractual provisions of the instruments. On initial recognition, all financial assets and financial liabilities are recorded at fair value, net of attributable transaction costs, except for financial assets and liabilities classified as fair value through profit or loss ("FVTPL"). Transaction costs of financial assets and liabilities classified as FVTPL are expensed in the period in which they are incurred. A financial asset is derecognized either when the Company has transferred substantially all the risks and rewards of ownership of the financial assets or when cash flows expire. A financial liability is derecognized when the obligation specified in the contract is discharged, cancelled or expired. On initial recognition, the Company classifies and measures financial assets as either FVTPL, fair value through other comprehensive income ("FVTOCI") or amortized cost. Subsequent measurement of financial assets depends on the classifications of such assets. The basis of classification depends on an entity's business model and the contractual cash flows of the financial asset. Amortized cost Financial assets that meet the following conditions are measured subsequently at amortized cost: The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and The contractual terms of the financial asset provide cash flows on specified dates that are solely payments of principal and interest on the principal amount outstanding The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance. Interest income is recognized using the effective interest method. Fair value through other comprehensive income Financial assets that meet the following conditions are measured subsequently at amortized cost: The financial asset is held within a business model whose objective is achieved by both collecting the contractual cash flows and selling financial assets, and The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding Investments in equity instruments at FVTOCI are initially recognized at fair value. Subsequently, they are measured at fair value, with gains and losses arising from changes from initial recognition recognized in comprehensive earnings (loss). Designation at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination. Fair value through profit and loss By default, all other financial assets are measured at FVTPL. The Company, at initial recognition, may also irrevocably designate a financial asset as measured at FVTPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on a different basis. Financial assets measured at FVTPL are measured at fair value at the end of each reporting period, with any fair value gains or losses recognized in profit or loss to the extent that they are not part of a designated hedging relationship. Determination of fair value is further described in Note 22. Financial liabilities and equity Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangement and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all its liabilities. Equity instruments issued by the Company are measured at the proceeds received, net of direct issue costs. Financial liabilities that are not contingent consideration of an acquirer in a business combination, held for trading or designated as FVTPL, are measured at amortized cost using the effective interest method. The Company's financial instruments are recognized as: Assets Cash and cash equivalents Amortized cost Trade and other receivables (other than derivatives) Amortized cost Trade receivables (derivative component) FVTPL Loans receivable Amortized cost Other investments FVTPL Liabilities Accounts payable and accrued liabilities Amortized cost Loans payable Amortized cost Share appreciation rights and deferred share units FVTPL
Accounting standards adopted during the year [Policy Text Block]	(q) Accounting standards adopted during the year On May 14, 2020, the International Accounting Standard Board (IASB) published a narrow scope amendment to IAS 16 Property, Plant and Equipment - Proceeds before Intended Use. The amendment prohibits deducting from the cost of property, plant and equipment amounts received from selling items produced while preparing the asset for its intended use. Instead, amounts received will be recognized as sales proceeds and the related costs in earnings (loss). The Company has adopted the narrow scope amendments to IAS 16 in its financial statements for the annual period beginning on January 1, 2022. The adoption did not result in a change in carrying value of property, plant and equipment at December 31, 2022 or December 31, 2021 nor in change in sales proceeds or related cost of sales for the years ended December 31, 2022 or December 31, 2021. As a result of the adoption of narrow scope amendment to IAS 16, the Company's previous accounting policy for the achievement of the commercial production is no longer relevant, and any amounts received prior to the mine reaching the operating levels will be accounted for as sales proceeds in line with accounting policy Note 3 (k).

OTHER INVESTMENTS (Tables)

OTHER INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Other Investments [Abstract]
Disclosure of detailed information about investments [Table Text Block]	December 31, December 31, Note 2022 2021 Balance at beginning of the year $ 11,200 $ 4,767 Investment in marketable securities, at cost 2,305 3,753 FMV of investments received on asset disposal 10 - 9,851 Disposals - (9,288 ) Gain (loss) on marketable securities (3,470 ) 2,117 Balance at end of the year 10,035 11,200 Less: Current portion 8,647 11,200 Non-current marketable securities $ 1,388 $ -

ACCOUNTS AND OTHER RECEIVABLES

ACCOUNTS AND OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Accounts Receivable [Abstract]
Disclosure of detailed information about trade and other receivables [Table Text Block]	December 31, December 31, Note 2022 2021 Trade receivables (1) $ 4,385 $ 4,751 IVA receivable (2) 8,062 8,863 Other receivables 689 847 Due from related parties 7 - 1 $ 13,136 $ 14,462

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2022
Classes of current inventories [abstract]
Disclosure of detailed information about inventories [Table Text Block]	December 31, December 31, 2022 2021 Warehouse inventory (1) $ 9,682 $ 8,698 Stockpile inventory 2,389 2,335 Finished goods inventory 6,138 15,550 Work in process inventory 975 902 $ 19,184 $ 27,485

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
Disclosure of information about key management personnel [Table Text Block]	December 31, December 31, 2022 2021 Salaries and short-term employee benefits $ 2,957 $ 3,867 Non-executive directors' fees 312 311 Non-executive directors' deferred share units (362 ) (707 ) Share-based payments 2,974 3,408 $ 5,881 $ 6,879

MINERAL PROPERTIES, PLANT AND_2

MINERAL PROPERTIES, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment [Table Text Block]	Mineral Machinery & Transport & properties Plant equipment Building office equipment Total Cost Balance at December 31, 2020 $ 552,878 $ 106,445 $ 81,003 $ 13,314 $ 12,777 $ 766,417 Additions 40,261 2,838 15,435 1,623 2,113 62,270 Disposals (81,740 ) (11,098 ) (9,298 ) (1,492 ) (2,845 ) (106,473 ) Balance at December 31, 2021 $ 511,399 $ 98,185 $ 87,140 $ 13,445 $ 12,045 $ 722,214 Additions 103,635 5,217 19,877 7,573 1,978 138,280 Disposals (14,966 ) (6,542 ) (757 ) (662 ) (746 ) (23,673 ) Balance at December 31, 2022 $ 600,068 $ 96,860 $ 106,260 $ 20,356 $ 13,277 $ 836,821 Accumulated amortization and impairment Balance at December 31, 2020 $ 510,335 $ 94,815 $ 53,122 $ 10,166 $ 10,024 $ 678,462 Amortization 15,614 3,393 4,947 352 1,202 25,508 Disposals (81,180 ) (10,000 ) (8,624 ) (1,324 ) (2,825 ) (103,953 ) Balance at December 31, 2021 $ 444,769 $ 88,208 $ 49,445 $ 9,194 $ 8,401 $ 600,017 Amortization 14,786 2,268 5,301 346 1,205 23,906 Disposals (13,574 ) (6,442 ) (326 ) (159 ) (493 ) (20,994 ) Balance at December 31, 2022 $ 445,981 $ 84,034 $ 54,420 $ 9,381 $ 9,113 $ 602,929 Net book value At December 31, 2021 $ 66,630 $ 9,977 $ 37,695 $ 4,251 $ 3,644 $ 122,197 At December 31, 2022 $ 154,087 $ 12,826 $ 51,840 $ 10,975 $ 4,164 $ 233,892
Disclosure of detailed information about purchase price allocated to the underlying assets acquired and liabilities assumed [Table Text Block]	Pitarilla Project purchase consideration: Common shares issued $ 25,590 Consideration paid in cash 35,067 Acquisition costs 880 Total consideration $ 61,537 Fair value summary of assets acquired and liabilities assumed: Assets: Current assets $ 288 Buildings and equipment 652 Mineral properties 60,811 Total assets $ 61,751 Liabilities: Accounts payable and accrued liabilities 170 Reclamation liability 44 Total liabilities $ 214 Net identifiable assets acquired $ 61,537

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
Disclosure of detailed information about loans payable [Table Text Block]	December 31, December 31, 2022 2021 Balance at the beginning of the year $ 10,494 $ 9,672 Net proceeds from software and equipment financing 9,070 4,399 Finance cost 726 650 Repayments of principal (5,054 ) (3,563 ) Repayments of finance costs (726 ) (611 ) Effects of movements in exchange rates - (53 ) Balance at the end of the year $ 14,510 $ 10,494 Statements of Financial Position presentation Current loans payable $ 6,041 $ 4,128 Non-current loans payable 8,469 6,366 Total $ 14,510 $ 10,494

LEASE LIABILITIES (Tables)

LEASE LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Lease liabilities [abstract]
Disclosure of detailed information about lease obligation [Table Text Block]	December 31, December 31, 2022 2021 Balance at the beginning of the year $ 1,001 $ 1,094 Additions 344 89 Interest 64 73 Payments (282 ) (251 ) Effects of movement in exchange rates (54 ) (4 ) Balance at the end of the year 1,073 1,001 Less: Current portion 261 207 Non-current lease liabilities $ 812 $ 794
Disclosure of detailed information about lease liability maturity contractual undiscounted cash flows [Table Text Block]	December 31, December 31, 2022 2021 Less than one year $ 337 $ 263 One to five years 831 637 More than five years 97 262 Total at the end of the year $ 1,265 $ 1,162
Disclosure of detailed information about recognized in profit or loss [Table Text Block]	Years ended December 31, 2022 December 31, Interest on lease liabilities $ 64 $ 73 Expenses related to short-term leases $ 567 $ 649

PROVISION FOR RECLAMATION AND_2

PROVISION FOR RECLAMATION AND REHABILITATION (Tables)	12 Months Ended
	Dec. 31, 2022
Provision For Reclamation And Rehabilitation [Abstract]
Disclosure of detailed information about provision for reclamation and rehabilitation [Table Text Block]	Terronera Guanaceví Bolañitos El Cubo El Compas Pitarrilla Total Balance at December 31, 2020 $ - $ 2,221 $ 1,977 $ 4,545 $ 133 $ - $ 8,876 Accretion - 100 83 70 9 - 262 Disposals - - - (4,615 ) - - (4,615 ) Change in estimates during the year - 1,676 1,177 - 21 - 2,874 Balance at December 31, 2021 $ - $ 3,997 $ 3,237 $ - $ 163 $ - $ 7,397 Acquisitions - - - - - 44 44 Accretion - 268 211 - - - 479 Disposals - - - - (163 ) - (163 ) Effects of movements in exchange rates - 95 93 - - - 188 Change in estimates during the year 251 (257 ) (338 ) - - - (344 ) Balance at December 31, 2022 $ 251 $ 4,103 $ 3,203 $ - $ - $ 44 $ 7,601

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of number and weighted average exercise prices of share options [Table Text Block]	Expressed in Canadian dollars Years ended December 31, 2022 December 31, Number of Weighted Number of Weighted Outstanding, beginning of the year 3,848,200 $3.68 5,978,300 $3.29 Granted 736,986 $6.24 818,500 $6.90 Exercised (569,200 ) $3.57 (2,801,600 ) $3.76 Expired and forfeited (116,356 ) $6.63 (147,000 ) $4.29 Outstanding, end of the year 3,899,630 $4.09 3,848,200 $3.68 Options exercisable at the end of the year 3,374,459 $3.74 2,973,100 $3.40
Disclosure of range of exercise prices of outstanding share options [Table Text Block]	Expressed in Canadian dollars Options Outstanding Options Exercisable Number Weighted Average Weighted Number Weighted Outstanding Remaining Price as at Contractual Life Exercise as at Exercise Intervals December 31, 2022 (Number of Years) Price December 31, 2022 Price $2.00 - $2.99 1,366,600 2.2 $2.14 1,366,600 $2.14 $3.00 - $3.99 1,131,900 0.9 $3.45 1,131,900 $3.45 $5.00 - $5.99 60,000 2.7 $5.60 60,000 $5.60 $6.00 - $6.99 1,341,130 3.7 $6.56 815,959 $6.67 3,899,630 2.3 $4.09 3,374,459 $3.74
Disclosure of detailed information about options, valuation assumptions [Table Text Block]	Years ended December 31, 2022 December 31, Weighted-average fair value of options in CAN$ $3.17 $3.37 Risk-free interest rate 2.19% 0.66% Expected dividend yield 0% 0% Expected stock price volatility 67% 66% Expected options life in years 3.80 3.85
Disclosure of performance share units plan [Table Text Block]	Years ended December 31, 2022 December 31, Number of units Number of units Outstanding, beginning of year 1,639,000 1,805,000 Granted 316,000 322,000 Cancelled - (100,000 ) Settled for shares (797,000 ) (388,000 ) Outstanding, end of year 1,158,000 1,639,000
Disclosure of deferred share units [Table Text Block]	Expressed in Canadian dollars Years ended December 31, 2022 December 31, Number Weighted Average Number Weighted Average Outstanding, beginning of year 1,348,765 $3.24 1,266,199 $3.00 Granted - - 82,566 $6.90 Redeemed (304,561 ) $3.41 - - Outstanding, end of year 1,044,204 $3.19 1,348,765 $3.24 Fair value at year end 1,044,204 $4.38 1,348,765 $5.35
Disclosure of share appreciation rights [Table Text Block]	Years ended December 31, 2022 December 31, Number Weighted Average Number Weighted Average Outstanding, beginning of year 113,670 $5.40 - - Granted 148,030 $4.62 115,930 $5.40 Exercised (5,726 ) $3.17 (2,260 ) $5.34 Cancelled (74,235 ) $ 4.72 - - Outstanding, end of period 181,739 $5.12 113,670 $ 5.40 Exercisable at the end of the period 101,066 $5.18 40,912 $5.39
Disclosure of Diluted Earnings per Share [Table Text Block]	Years ended December 31, 2022 December 31, Net earnings $ 6,201 $ 13,955 Basic weighted average number of shares outstanding 183,009,339 167,289,732 Effect of dilutive securities: Stock options 1,077,699 1,735,151 Equity settled deferred share units 104,596 - Performance share units 1,158,000 1,639,000 Diluted weighted average number of share outstanding 185,349,634 170,663,883 Diluted earnings per share $ 0.03 $ 0.08
Deferred Share Units redeemable at Director's retirement [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of deferred share units [Table Text Block]	Years ended December 31, 2022 December 31, Number of units Number of units Outstanding, beginning of year - - Granted 109,634 - Settled for shares (5,038 ) - Outstanding, end of year 104,596 -

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue [abstract]
Disclosure of detailed information about revenue [Table Text Block]	Years ended December 31, December 31, 2022 2021 Silver sales (1) $ 142,688 $ 97,257 Gold sales (1) 70,501 70,022 Less: smelting and refining costs (3,029 ) (1,959 ) Revenue $ 210,160 $ 165,320
Disclosure of disaggregation of revenue from contracts with customers [Table Text Block]	Years ended December 31, December 31, 2022 2021 Revenue by product Concentrate sales $ 54,042 $ 57,011 Provisional pricing adjustments (47 ) (183 ) Total revenue from concentrate sales 53,995 56,828 Refined metal sales 156,165 108,492 Total revenue $ 210,160 $ 165,320

EXPLORATION AND EVALUATION (Tab

EXPLORATION AND EVALUATION (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Exploration [Abstract]
Disclosure of detailed information about exploration and evaluation expenditures [Table Text Block]	Years ended December 31, 2022 December 31, Depreciation and depletion $ 624 $ 330 Share-based compensation 427 293 Exploration salaries, wages and benefits 1,829 1,975 Direct exploration expenditures 6,167 7,335 Evaluation salaries, wages and benefits 2,299 1,677 Direct evaluation expenditures 4,840 6,315 $ 16,186 $ 17,925

GENERAL AND ADMINISTRATIVE (Tab

GENERAL AND ADMINISTRATIVE (Tables)	12 Months Ended
	Dec. 31, 2022
Selling, general and administrative expense [abstract]
Disclosure of detailed information about general and administrative expenses [Table Text Block]	Years ended December 31, December 31, 2022 2021 Depreciation and depletion $ 214 $ 165 Share-based compensation 3,009 2,923 Salaries, wages and benefits 3,923 3,923 Directors' DSU expense (recovery) (885 ) (707 ) Direct general and administrative 4,352 3,759 $ 10,613 $ 10,063

CARE AND MAINTENANCE (Tables)

CARE AND MAINTENANCE (Tables)	12 Months Ended
	Dec. 31, 2022
Care And Maintenance [Abstract]
Disclosure of detailed information about care and maintenance [Table Text Block]	Years ended December 31, December 31, 2022 2021 Depreciation and depletion $ 70 $ 55 Salaries, wages and benefits 22 497 Direct general and administrative 488 804 $ 580 $ 1,356

FINANCE COSTS (Tables)

FINANCE COSTS (Tables)	12 Months Ended
	Dec. 31, 2022
Finance Cost [Abstract]
Disclosure of finance costs [Table Text Block]	Years ended December 31, December 31, Notes 2022 2021 Accretion on provision for reclamation and rehabilitation 12 $ 479 $ 262 Interest on loans 10 726 650 Interest on lease liabilities 11 64 73 Other financing costs 31 - $ 1,300 $ 985

SUPPLEMENTAL DISCLOSURE WITH _2

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Tables)	12 Months Ended
	Dec. 31, 2022
Supplemental Disclosure With Respect To Cash Flows [Abstract]
Disclosure of detailed information about cash flows [Table Text Block]	Years ended December 31, December 31, 2022 2021 Net changes in non-cash working capital: Accounts and other receivables $ (4,385 ) $ 3,919 Income tax receivable (3,847 ) (3,695 ) Inventories 5,226 (11,103 ) Prepaid expenses (862 ) (2,873 ) Accounts payable and accrued liabilities 2,447 3,786 Income taxes payable 2,388 1,190 $ 967 $ (8,776 ) Non-cash financing and investing activities: Reclamation included in mineral properties, plant and equipment $ (463 ) $ (1,741 ) Fair value of exercised options allocated to share capital $ 770 $ 4,026 Fair value of performance share units allocated to share capital $ (1,361 ) $ - Fair value of capital assets acquired under finance leases $ 346 $ 90 Other cash disbursements: Income taxes paid $ 6,337 $ 992 Special mining duty paid $ 2,272 $ 1,331

SEGMENT DISCLOSURES (Tables)

SEGMENT DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Detailed Information About Segment Disclosures [Abstract]
Disclosure of detailed information about entity reportable segments, assets and liabilities [Table Text Block]	December 31, 2022 Corporate Exploration Guanaceví Bolanitos Terronera Total Cash and cash equivalents $ 38,466 $ 1,935 $ 32,997 $ 7,371 $ 2,622 $ 83,391 Other investments 10,035 - - - - 10,035 Accounts and other receivables 383 669 5,824 6,246 14 13,136 Loans receivable 3,729 - - - - 3,729 Income tax receivable 17 - 3,934 73 - 4,024 Inventories 120 - 14,094 4,942 28 19,184 Prepaid expenses 1,685 144 1,155 536 13,431 16,951 Non-current deposits 150 2 321 92 - 565 Non-current IVA receivable - - 1,505 - 8,649 10,154 Non-current income tax receivable 3,570 - - - - 3,570 Right-of-use leased assets 512 - - 294 - 806 Mineral properties, plant and equipment 616 81,660 67,261 28,106 56,249 233,892 Total assets $ 59,283 $ 84,410 $ 127,091 $ 47,660 $ 80,993 $ 399,437 Accounts payable and accrued liabilities $ 6,837 $ 743 19,875 $ 5,327 $ 7,049 $ 39,831 Income taxes payable 65 282 5,539 730 - 6,616 Loans payable - - 1,025 2,092 11,393 14,510 Lease obligations 780 - 293 - - 1,073 Provision for reclamation and rehabilitation - 44 4,103 3,203 251 7,601 Deferred income tax liability - - 12,647 297 - 12,944 Other non-current liabilities - 69 443 437 19 968 Total liabilities $ 7,682 $ 1,138 $ 43,925 $ 12,086 $ 18,712 $ 83,543 December 31, 2021 Corporate Exploration Guanaceví Bolanitos El Compas Terronera Total Cash and cash equivalents $ 68,149 $ 144 $ 27,060 $ 4,234 $ 3,349 $ 367 $ 103,303 Other investments 11,200 - - - - - 11,200 Accounts and other receivables 812 - 6,706 6,633 308 3 14,462 Income tax receivable 169 1 3 2 2 - 177 Inventories 351 - 19,852 7,057 195 30 27,485 Prepaid expenses 1,327 118 844 349 20 2,477 5,135 Non-current deposits 150 - 321 128 - - 599 Non-current IVA receivable 164 - 1,434 - - 2,658 4,256 Deferred income tax asset - - - 936 - - 936 Non-current income tax receivable 3,570 - - - - - 3,570 Intangible assets 2 1 15 17 2 3 40 Right-of-use leased assets 564 - 100 - - - 664 Mineral properties, plant and equipment 373 18,963 54,234 27,371 2,005 19,251 122,197 Total assets $ 86,831 $ 19,227 $ 110,569 $ 46,727 $ 5,881 $ 24,789 $ 294,024 Accounts payable and accrued liabilities $ 10,121 $ 238 15,247 $ 4,667 $ 141 $ 1,577 $ 31,991 Income taxes payable 29 - 3,563 636 - - 4,228 Loans payable 43 - 2,005 4,048 - 4,398 10,494 Lease obligations 896 - 105 - - 1,001 Provision for reclamation and rehabilitation - - 3,997 3,237 163 - 7,397 Deferred income tax liability - - 1,271 235 - - 1,506 Total liabilities $ 11,089 $ 238 $ 26,083 $ 12,928 $ 304 $ 5,975 $ 56,617
Disclosure of detailed information about entity reportable segments, income and expenditures [Table Text Block]	Year ended December 31, 2022 Corporate Exploration Guanaceví Bolanitos El Compas Terronera Total Silver revenue $ - $ - $ 128,597 $ 14,091 $ - $ - $ 142,688 Gold revenue - - 27,569 42,932 - - 70,501 Less: smelting and refining costs - - - (3,029 ) - - (3,029 ) Total revenue $ - $ - $ 156,166 $ 53,994 $ - $ - $ 210,160 Salaries, wages and benefits: mining $ - $ - $ 7,578 $ 7,778 $ - $ - $ 15,499 processing - - 3,444 2,281 - - 5,813 administrative - - 5,959 4,028 - - 10,096 share-based compensation - - 221 221 - - 442 change in inventory - - 1,941 825 - - 2,426 Total salaries, wages and benefits - - 19,143 15,133 - - 34,276 Direct costs: mining - - 29,636 12,494 - - 41,881 processing - - 15,594 6,028 - - 21,622 administrative - - 7,096 4,432 - - 11,495 change in inventory - - 3,175 1,591 - - 5,048 Total direct production costs - - 55,501 24,545 - - 80,046 Depreciation and depletion: depreciation and depletion - - 12,838 10,589 - - 23,427 change in inventory - - 1,291 461 - - 1,752 Total depreciation and depletion - - 14,129 11,050 - - 25,179 Royalties - - 17,554 257 - - 17,811 Write down of inventory to NRV - - 642 681 - - 1,323 Total cost of sales $ - $ - $ 106,969 $ 51,666 $ - $ - $ 158,635 Care and maintenance costs - - - - 580 - 580 Write-off of exploration properties - - - - - 682 682 Earnings (loss) before taxes $ (9,128 ) $ (9,047 ) $ 49,197 $ 2,328 $ (580 ) $ (7,821 ) $ 24,949 Current income tax expense (recovery) 63 282 5,671 360 - - 6,376 Deferred income tax expense (recovery) - - 11,375 997 - - 12,372 Total income tax expense (recovery) 63 282 17,046 1,357 - - 18,748 Net earnings (loss) $ (9,191 ) $ (9,329 ) $ 32,151 $ 971 $ (580 ) $ (7,821 ) $ 6,201 The Exploration segment included $1,899 of costs incurred in Chile for the year ended December 31, 2022 (December 31, 2021 - $2,178). Year ended December 31, 2021 Corporate Exploration Guanaceví Bolanitos El Compas Terronera Total Silver revenue $ - $ - $ 85,854 $ 10,149 $ 1,254 $ - $ 97,257 Gold revenue - - 22,638 38,645 8,739 - 70,022 Less: smelting and refining costs - - - (1,715 ) (244 ) - (1,959 ) Total revenue $ - $ - $ 108,492 $ 47,079 $ 9,749 $ - $ 165,320 Salaries, wages and benefits: mining $ - $ - $ 8,352 $ 5,574 $ 1,314 $ - $ 15,240 processing - - 3,303 1,799 614 - 5,716 administrative - - 5,406 3,331 823 - 9,560 share-based compensation - - 180 180 61 - 421 change in inventory - - (2,946 ) (764 ) 342 - (3,368 ) Total salaries, wages and benefits - - 14,295 10,120 3,154 - 27,569 Direct costs: mining - - 25,253 11,076 2,746 - 39,075 processing - - 12,220 5,373 1,205 - 18,798 administrative - - 5,981 3,813 1,380 - 11,174 change in inventory - - (5,808 ) (1,306 ) 522 - (6,592 ) Total direct production costs - - 37,646 18,956 5,853 - 62,455 Depreciation and depletion: depreciation and depletion - - 11,842 13,696 1,436 - 26,974 change in inventory - - (3,899 ) (205 ) 1,107 - (2,997 ) Total depreciation and depletion - - 7,943 13,491 2,543 - 23,977 Royalties 3 - 13,165 265 350 - 13,783 Write down of inventory to NRV - - 539 357 272 - 1,168 Total cost of sales $ 3 $ - $ 73,588 $ 43,189 $ 12,172 $ - $ 128,952 Care and maintenance costs 859 - - - 497 - 1,356 Write-off of exploration properties - - - - 870 - 870 Impairment (impairment reversal) (16,791 ) - - - - - (16,791 ) Earnings (loss) before taxes $ 13,324 $ (10,648 ) $ 34,904 $ 3,890 $ (3,790 ) $ (7,992 ) $ 29,688 Current income tax expense (recovery) - - 3,206 275 - - 3,481 Deferred income tax expense (recovery) - - 9,924 2,328 - - 12,252 Total income tax expense (recovery) - - 13,130 2,603 - - 15,733 Net earnings (loss) $ 13,324 $ (10,648 ) $ 21,774 $ 1,287 $ (3,790 ) $ (7,992 ) $ 13,955

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Income Taxes [Abstract]
Disclosure of deferred taxes [Table Text Block]	Mexico operations December 31, December 31, Deferred tax derived from income tax 2022 2021 Deferred income tax assets: Tax loss carryforwards $ 3,032 $ 8,893 Working capital 3,155 11,287 Deferred income tax liabilities: Inventories (2,814 ) (7,146 ) Mineral properties, plant and equipment (13,772 ) (12,177 ) Deferred income tax assets (liabilities), net $ (10,399 ) $ 857 Mexico operations December 31, December 31, Deferred tax derived from special mining duty 2022 2021 Deferred income tax liabilities: Working capital $ (227 ) $ 510 Mineral properties, plant and equipment (2,318 ) (1,937 ) Deferred income tax assets (liabilities), net $ (2,545 ) $ (1,427 )
Disclosure of detailed information about effective income tax expense [Table Text Block]	Years ended December 31, December 31, 2022 2021 Current income tax expense: Current income tax expense in respect of current year $ 3,180 $ 754 Special mining duty 3,196 2,726 Deferred income tax expense: Deferred tax expense recognized in the current year 14,762 19,641 Special mining duty 1,115 574 Adjustments recognized in the current year in relation to prior years (3,505 ) (7,962 ) Total income tax expense $ 18,748 $ 15,733
Disclosure of detailed information about reconciliation of income tax computed at statutory tax rates [Table Text Block]	December 31, December 31, 2022 2021 Canadian statutory tax rates 27.00% 27.00% Income tax expense computed at Canadian statutory rates $ 5,892 $ 8,015 Foreign tax rates different from statutory rate 1,858 986 Withholding taxes, net of tax credits - - Share-based compensation 667 545 Foreign exchange 764 2,279 Inflationary adjustment 3,898 4,836 Other non-deductible items 2,652 1,375 Adjustments recognized in the current year in relation to prior years 1,298 (468 ) Current year losses not recognized 2,364 2,456 Special mining duty Mexican tax 4,158 3,203 Recognition of previously unrecognized losses (4,803 ) (7,494 ) Income tax expense $ 18,748 $ 15,733
Schedule of deferred tax assets not recognized [Table Text Block]	Loss Carry Forward December 31, December 31, Expiry 2022 2021 Unrecognized Mexico tax loss carry forward 2023-2032 $ 75,540 $ 118,810 Unrecognized Canada tax loss carry forward 2025-2032 11,005 7,525 Unrecognized Chile tax loss carry forward 2023-2032 18,146 16,403 Capital losses 21,174 9,650 Reclamation provision 7,556 7,396 Exploration pools 7,194 13,569 Other Canada temporary differences 10,905 13,069

FINANCIAL INSTRUMENTS AND FAI_2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
Disclosure of financial assets [Table Text Block]	Fair value Amortized Carrying value Fair $ $ $ $ Financial assets: Cash and cash equivalents - 83,391 83,391 83,391 Other investments 10,035 - 10,035 10,035 Trade and other receivables 4,385 689 5,074 5,074 Loans receivable - 3,729 3,729 3,729 Total financial assets 14,420 87,809 102,229 102,229 Financial liabilities: Accounts payable and accrued liabilites 3,486 36,345 39,831 39,831 Loans payable - 14,510 14,510 14,510 Total financial liabilities 3,486 50,855 54,341 54,341
Disclosure of detailed information about financial assets and liabilities measured at fair value on a recurring basis [Table Text Block]	Total Level 1 Level 2 Level 3 $ $ $ $ Financial assets: Accounts and other receivables 5,074 689 4,385 - Other investments 10,035 9,774 - 261 Total financial assets 15,109 10,463 4,385 261 Financial liabilities: Deferred share units 3,375 3,375 - - Share appreciation rights 111 - 111 - Total financial liabilities 3,486 3,375 111 -
Disclosure of credit risk exposure [Table Text Block]	Carrying Gross Carrying Gross amount impairment amount impairment December 31, 2022 December 31, Less than 1 month $ 3,794 $ - $ 4,159 $ - 1 to 3 months 852 - 754 - 4 to 6 months 251 - - - Over 6 months - - 10 - Total $ 4,897 $ - $ 4,923 $ -
Disclosure of liquidity risk [Table Text Block]	Less than 1 to 3 4 to 5 Over 5 1 year years years years Total $ $ $ $ $ Accounts payable and accrued liabilities 39,831 - - - 39,831 Loans payable 6,643 7,783 1,347 - 15,773 Lease liabilities 337 503 328 97 1,265 Provision for reclamation and rehabilitation - - 6,991 4,479 11,470 Capital expenditure commitments 26,576 - - - 26,576 Operating leases 147 206 206 60 619 Total contractual obligations 73,534 8,492 8,872 4,636 95,534
Disclosure of market risk [Table Text Block]	December 31, 2022 December 31, Canadian Dollar Mexican Peso Canadian Dollar Mexican Peso Financial assets $ 10,442 $ 9,995 $ 13,338 $ 9,590 Financial liabilities (5,758 ) (17,445 ) (8,846 ) (13,910 ) Net financial assets (liabilities) $ 4,684 $ (7,450 ) $ 4,492 $ (4,320 )

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2022
Significant Accounting Policies [Line Items]
Useful lives or depreciation rates, property, plant and equipment	Plant and equipment are recorded at cost and amortized using either the straight-line method at rates varying from 5% to 30% annually or amortized on a units of production method, based on proven and probable reserves.

OTHER INVESTMENTS (Narrative) (

OTHER INVESTMENTS (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) shares
Disclosure of Other Investments [Line Items]
Units of Max Resource Corp acquired | shares	6,600,000
Level 1 [Member]
Disclosure of Other Investments [Line Items]
Marketable securities	$ 9,774
Level 3 [Member]
Disclosure of Other Investments [Line Items]
Marketable securities	$ 261

OTHER INVESTMENTS - Disclosure

OTHER INVESTMENTS - Disclosure of detailed information about other investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Other Investments [Line Items]
Balance at beginning of the year	$ 11,200	$ 4,767
Investment in marketable securities, at cost	2,305	3,753
FMV of investments received on asset disposal	0	9,851
Disposals	0	(9,288)
Gain (loss) on marketable securities	(3,470)	2,117
Balance at end of the year	10,035	11,200
Less: Current portion	8,647	11,200
Non-current marketable securities	$ 1,388	$ 0

ACCOUNTS AND OTHER RECEIVABLE_2

ACCOUNTS AND OTHER RECEIVABLES (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Accounts Receivable [Line Items]
IVA receivable	$ 18,216	$ 13,119
IVA receivables current	8,062	8,863
IVA receivables noncurrent	10,154	4,256
Guanacevi [Member]
Disclosure Of Accounts Receivable [Line Items]
IVA receivables current	6,402	$ 8,067
IVA receivables noncurrent	1,505
Terronera [Member]
Disclosure Of Accounts Receivable [Line Items]
IVA receivables noncurrent	$ 8,649

ACCOUNTS AND OTHER RECEIVABLE_3

ACCOUNTS AND OTHER RECEIVABLES - Disclosure of detailed information about trade and other receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Detailed Information About Accounts Receivable [Abstract]
Trade receivables	$ 4,385	$ 4,751
IVA receivables	8,062	8,863
Other receivables	689	847
Due from related parties	0	1
Accounts receivable	$ 13,136	$ 14,462

INVENTORIES (Narrative) (Detail

INVENTORIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Inventory [Line Items]
Inventory write-down	$ 1,323	$ 1,168
Guanacevi, Mexico [Member] | Warehouse inventory [Member]
Disclosure Of Inventory [Line Items]
Inventory write-down	1,179	539
Bolañitos Mexico [Member] | Warehouse inventory [Member]
Disclosure Of Inventory [Line Items]
Inventory write-down	$ 1,038	$ 357

INVENTORIES - Disclosure of det

INVENTORIES - Disclosure of detailed information about inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Classes of current inventories [abstract]
Warehouse inventory	$ 9,682	$ 8,698
Stockpile inventory	2,389	2,335
Finished goods inventory	6,138	15,550
Work in process inventory	975	902
Inventories	$ 19,184	$ 27,485

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Share shares	Dec. 31, 2021 USD ($) shares
Disclosure of transactions between related parties [line items]
Number of units granted in share-based payment arrangement | shares	109,634	82,566
Value of units granted in share-based payment arrangement	$ 523	$ 449
Cash settled deferred share units outstanding | Share	1,044,204
Equity settled deferred share units outstanding | shares	104,596
Number of units outstanding | shares		1,348,765
Value of units outstanding	$ 3,873	$ 5,682
Shared common administrative services and office space [Member]
Disclosure of transactions between related parties [line items]
Expenses from related party transactions	9	5
Amounts receivable, related party transactions	0	1
Legal services [Member]
Disclosure of transactions between related parties [line items]
Expenses from related party transactions	428	276
Amounts payable, related party transactions	$ 10	$ 5

RELATED PARTY TRANSACTIONS- Dis

RELATED PARTY TRANSACTIONS- Disclosure of information about key management personnel (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related party transactions [abstract]
Salaries and short-term employee benefits	$ 2,957	$ 3,867
Non-executive directors' fees	312	311
Non-executive directors' deferred share units	(362)	(707)
Share-based payments	2,974	3,408
Key management personnel compensation	$ 5,881	$ 6,879

MINERAL PROPERTIES, PLANT AND_3

MINERAL PROPERTIES, PLANT AND EQUIPMENT (Narrative) (Details) $ in Thousands

1 Months Ended

12 Months Ended

36 Months Ended

Sep. 09, 2022 USD ($)

Jul. 06, 2022 USD ($) shares

Apr. 09, 2021 USD ($) $ / shares

Apr. 09, 2021 USD ($) shares

Jul. 05, 2019 USD ($)

Feb. 01, 2017 USD ($)

Jan. 17, 2022 USD ($)

Nov. 18, 2021 USD ($)

Nov. 16, 2021 USD ($) shares

Oct. 31, 2021 USD ($)

Aug. 31, 2021 USD ($)

Mar. 31, 2021 USD ($)

Mar. 17, 2021 USD ($) $ / shares

Mar. 17, 2021 USD ($)

Oct. 31, 2020 USD ($)

Sep. 23, 2020 USD ($)

Jul. 31, 2018 USD ($)

Oct. 31, 2016 USD ($) shares

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2019 USD ($)

Dec. 31, 2018 USD ($)

Feb. 28, 2013 USD ($)

Jul. 06, 2022 $ / shares

Jul. 06, 2022 USD ($)

Jul. 14, 2021

Sep. 08, 2017

Sep. 13, 2016 USD ($)

Jul. 21, 2016

Dec. 31, 2014

Disclosure of detailed information about property, plant and equipment [line items]

Mineral properties, plant and equipment

$ 233,892

$ 122,197

Royalty expense for environmental royalty

938

950

Capital expenditure commitments

26,576

Royalty expense

17,811

13,783

Issued on acquistion of mineral properties, net

25,589

Lease liabilities

1,073

1,001

$ 1,094

Severance costs

0

870

Loans receivable

3,729

Current loan receivable

1,000

0

Non-current loan and receivable

2,729

0

Investment and other income

(1,571)

3,733

Exploration expenditures

16,186

17,925

Impairments, net

0

(16,791)

Exploration Properties [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Acquisition costs for exploration and development

80,155

19,063

Development Properties [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Acquisition costs for exploration and development

$ 26,669

10,311

Parral Properties [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Issued on acquistion of mineral properties, net

$ 5,300

Issued on acquistion of mineral properties, net (shares) | shares

1,198,083

Percentage of interests acquired

100%

Net smelter royalty

1%

Exploration commitments

$ 2,000

Payments for royalties

$ 530

Bruner Gold Project [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Mineral property asset acquisition

$ 10,100

Acquisition costs for exploration and development

100

Percentage of interests acquired

100%

Payments for exploration and development

10,000

Pitarrilla Project [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Issued on acquistion of mineral properties, net (shares) | shares

8,577,380

Net smelter royalty

1.25%

Total consideration

$ 70,000

Consideration paid in shares

35,000

$ 25,590

Consideration in cash

$ 35,100

$ 35,000

Share price on date of acquisition | $ / shares

$ 3.89

Deemed value of common shares issued

$ 34,900

Guanacevi, Mexico [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Net smelter royalty

3%

Guanacevi, Mexico [Member] | Ocampo [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Acquisition period for exploration and evaluation properties

10 years

Fixed per tonne production payment for exploration and evaluation

$ 12

Per tonne production charges and royalties for exploration and evaluation

$ 16,873

12,532

Guanacevi, Mexico [Member] | Ocampo [Member] | Less than or equal to $15 dollars per oz [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Net smelter royalty

4%

Guanacevi, Mexico [Member] | Ocampo [Member] | Greater than $15 dollars and up to $20 dollars per oz [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Net smelter royalty

9%

Guanacevi, Mexico [Member] | Ocampo [Member] | Greater than $20 dollars and up to $25 dollars per oz [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Net smelter royalty

13%

Guanacevi, Mexico [Member] | Ocampo [Member] | Greater than $25 dollars per oz [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Net smelter royalty

16%

El Compas, Mexico [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Associated suspension costs

1,367

580

Severance costs

$ 870

El Compas, Mexico [Member] | Minera Oro Silver de Mexico S.A. de C.V. [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Percentage of interests acquired

100%

Loans receivable

$ 5,000

3,729

Fair value of loan receivable

3,882

Initial payment

250

Current loan receivable

1,000

Non-current loan and receivable

2,729

Proceeds from disposal of mining assets

1,149

Investment and other income

2,733

El Compas, Mexico [Member] | Minera Oro Silver de Mexico S.A. de C.V. [Member] | Payments made every six months other than third instalment payment [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Instalment payment

500

El Compas, Mexico [Member] | Minera Oro Silver de Mexico S.A. de C.V. [Member] | Third instalment payment [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Instalment payment

$ 750

El Compas, Mexico [Member] | Calicanto Properties [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Royalties earned

722

542

Percentage of interests acquired

100%

Net smelter royalty

3%

1%

3%

Payments for exploration and development

$ 400

$ 45

El Cubo, Mexico [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Gross impairments

$ 216,900

Impairment reversal

16,800

Reclamation provision

4,600

Gain on disposal

5,800

Severance costs

$ 0

870

Early payment of promissory note

$ 2,500

Reduction in principal of promissory note

$ 25

Number of shares receivable to reduce principal amount of promissory note | shares

901,224

El Cubo, Mexico [Member] | Accumulated impairment [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Mineral properties, plant and equipment

$ (200,100)

El Cubo, Mexico [Member] | GSilver (formerly VanGold Mining Corp) [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Sale of mineral property, total consideration

$ 15,000

$ 15,000

Sale of mineral property, total gross consideration

$ 19,700

Proceeds from non-refundable cash down-payment

500

Sale of mineral property, cash consideration on closing

7,000

Value of shares received for sale of mineral properties

$ 9,800

$ 5,000

Shares received for sale of mineral properties | shares

21,331,058

Shares received for sale of mineral properties, price per share | $ / shares

$ 0.58

$ 0.3

Paid by unsecured promissory note

$ 2,400

Unsecured promissory note due and payable within 12 months from closing face value

$ 2,500

2,500

Sale of mineral property, contingent consideration

3,000

3,000

El Cubo, Mexico [Member] | GSilver (formerly VanGold Mining Corp) [Member] | Upon producing 3.0 million silver equivalent ounces from the El Cubo mill [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Sale of mineral property, contingent consideration

1,000

1,000

El Cubo, Mexico [Member] | GSilver (formerly VanGold Mining Corp) [Member] | Price of gold closes at or above US$2,000 dollars per ounce for 20 consecutive days within two years after closing [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Sale of mineral property, contingent consideration

1,000

1,000

El Cubo, Mexico [Member] | GSilver (formerly VanGold Mining Corp) [Member] | Price of gold closes at or above US$2,200 dollars per ounce for 20 consecutive days within two years after closing [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Sale of mineral property, contingent consideration

$ 1,000

$ 1,000

Terronera [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Percentage of interests acquired

100%

Net smelter royalty

2%

Payments for exploration and development

$ 2,750

La Sanguijuela property [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Percentage of interests acquired

100%

Acquisition period for exploration and evaluation properties

4 years

Net smelter royalty

2%

Payments for exploration and development

$ 550

Guadalupe Y Calvo, Mexico [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Net smelter royalty

2%

Exploration projects, Chile [Member] | Cerro Marquez - Las Palcas [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Acquisition costs for exploration and development

$ 2,500

Percentage of interests acquired

100%

Acquisition period for exploration and evaluation properties

4 years

Payments for exploration and development

$ 2,300

Impairments, net

$ 470

Exploration projects, Chile [Member] | Aida Properties [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Acquisition costs for exploration and development

$ 3,200

Percentage of interests acquired

100%

Acquisition period for exploration and evaluation properties

5 years

Net smelter royalty

2%

Payments for exploration and development

$ 400

$ 400

Payments for exploration and evaluation expenses postponed

$ 800

$ 800

Exploration projects, Chile [Member] | Paloma Properties [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Percentage of interests acquired

70%

Net smelter royalty

2%

Exploration projects, Chile [Member] | Paloma Properties [Member] | First option by paying $0.75 million and spending $5.0 million over five years with the final payment due in 2023 [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Percentage of interests acquired

51%

Payments for exploration and development

$ 750

Exploration expenditures

$ 5,000

Exploration projects, Chile [Member] | Paloma Properties [Member] | Second option by completing a Preliminary Economic Assessment and a Preliminary Feasibility Study [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Percentage of interests acquired

70%

MINERAL PROPERTIES, PLANT AND_4

MINERAL PROPERTIES, PLANT AND EQUIPMENT - Disclosure of detailed information about property, plant and equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	$ 122,197
Impairments, net	0	$ (16,791)
Mineral properties, plant and equipment at end of period	233,892	122,197
Carrying amount [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	722,214	766,417
Additions	138,280	62,270
Disposals	(23,673)	(106,473)
Mineral properties, plant and equipment at end of period	836,821	722,214
Accumulated amortization and impairment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	(600,017)	(678,462)
Amortization	23,906	25,508
Disposals	(20,994)	(103,953)
Mineral properties, plant and equipment at end of period	(602,929)	(600,017)
Mineral properties [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	66,630
Mineral properties, plant and equipment at end of period	154,087	66,630
Mineral properties [Member] | Carrying amount [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	511,399	552,878
Additions	103,635	40,261
Disposals	(14,966)	(81,740)
Mineral properties, plant and equipment at end of period	600,068	511,399
Mineral properties [Member] | Accumulated amortization and impairment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period		(510,335)
Amortization	14,786	15,614
Disposals	(13,574)	(81,180)
Mineral properties, plant and equipment at end of period	(445,981)
Plant [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	9,977
Mineral properties, plant and equipment at end of period	12,826	9,977
Plant [Member] | Carrying amount [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	98,185	106,445
Additions	5,217	2,838
Disposals	(6,542)	(11,098)
Mineral properties, plant and equipment at end of period	96,860	98,185
Plant [Member] | Accumulated amortization and impairment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	(88,208)	(94,815)
Amortization	2,268	3,393
Disposals	(6,442)	(10,000)
Mineral properties, plant and equipment at end of period	(84,034)	(88,208)
Machinery & equipment and assets under finance lease [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	37,695
Mineral properties, plant and equipment at end of period	51,840	37,695
Machinery & equipment and assets under finance lease [Member] | Carrying amount [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	87,140	81,003
Additions	19,877	15,435
Disposals	(757)	(9,298)
Mineral properties, plant and equipment at end of period	106,260	87,140
Machinery & equipment and assets under finance lease [Member] | Accumulated amortization and impairment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	(49,445)	(53,122)
Amortization	5,301	4,947
Disposals	(326)	(8,624)
Mineral properties, plant and equipment at end of period	(54,420)	(49,445)
Building [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	4,251
Mineral properties, plant and equipment at end of period	10,975	4,251
Building [Member] | Carrying amount [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	13,445	13,314
Additions	7,573	1,623
Disposals	(662)	(1,492)
Mineral properties, plant and equipment at end of period	20,356	13,445
Building [Member] | Accumulated amortization and impairment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	(9,194)	(10,166)
Amortization	346	352
Disposals	(159)	(1,324)
Mineral properties, plant and equipment at end of period	(9,381)	(9,194)
Transport & office equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	3,644
Mineral properties, plant and equipment at end of period	4,164	3,644
Transport & office equipment [Member] | Carrying amount [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	12,045	12,777
Additions	1,978	2,113
Disposals	(746)	(2,845)
Mineral properties, plant and equipment at end of period	13,277	12,045
Transport & office equipment [Member] | Accumulated amortization and impairment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment at beginning of period	(8,401)	(10,024)
Amortization	1,205	1,202
Disposals	(493)	(2,825)
Mineral properties, plant and equipment at end of period	$ (9,113)	$ (8,401)

MINERAL PROPERTIES, PLANT AND_5

MINERAL PROPERTIES, PLANT AND EQUIPMENT - Disclosure of detailed information about purchase price allocated to underlying assets acquired and liabilities assumed (Details) - Pitarrilla Project [Member] - USD ($) $ in Thousands	Jul. 06, 2022	Jan. 17, 2022
Pitarilla Project purchase consideration:
Common shares issued	$ 25,590	$ 35,000
Consideration paid in cash	35,067
Acquisition costs	880
Total consideration	61,537
Assets acquired:
Current assets	288
Buildings and equipment	652
Mineral properties	60,811
Total assets	61,751
Liabilities assumed:
Accounts payable and accrued liabilities	170
Reclamation liability	44
Total liabilities	214
Net identifiable assets acquired	$ 61,537

IMPAIRMENT OF NON-CURRENT ASS_2

IMPAIRMENT OF NON-CURRENT ASSETS (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) oz
Disclosure of fair value measurement of assets [line items]
Average forecasted price of silver | oz	21.66
Average forecasted price of gold | oz	1,738
Percentage of decrease to average forecasted price of silver and gold with reduction of recoverable amount	5%
Percentage of increase to average forecasted price of silver and gold with increase of recoverable amount	5%
Decrease in recoverable amount of decrease to average forecasted price of silver and gold | $	$ 4.7
Increase in recoverable amount of increase to average forecasted price of silver and gold | $	$ 3.9

LOANS PAYABLE (Narrative) (Deta

LOANS PAYABLE (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Net proceeds from software and equipment financing	$ 9,070	$ 4,399
Financing arrangements [Member]
Disclosure of detailed information about borrowings [line items]
Terms	one to four years
Weighted-average interest rate	6.60%
Financing arrangements [Member] | Equipment [Member]
Disclosure of detailed information about borrowings [line items]
Net proceeds from software and equipment financing	$ 26,612
Net book value of equipment pledged as security	$ 24,379	$ 16,100

LOANS PAYABLE - Disclosure of l

LOANS PAYABLE - Disclosure of loans payable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [abstract]
Balance at the beginning of the year	$ 10,494	$ 9,672
Net proceeds from software and equipment financing	9,070	4,399
Finance cost	726	650
Repayments of principal	(5,054)	(3,563)
Repayments of finance costs	(726)	(611)
Effects of movements in exchange rates	0	(53)
Balance at the end of the year	14,510	10,494
Statements of Financial Position presentation
Current loans payable	6,041	4,128
Non-current loans payable	8,469	6,366
Total	$ 14,510	$ 10,494

LEASE LIABILITIES (Narrative) (

LEASE LIABILITIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Lease liabilities [abstract]
Weighted-average interest rate on lease liabilities	8.37%
Interest expense on lease liabilities	$ 64	$ 73
Expense relating to short-term leases for which recognition exemption has been used	$ 567	$ 649

LEASE LIABILITIES - Disclosure

LEASE LIABILITIES - Disclosure for lease obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Lease liabilities [abstract]
Balance at the beginning of the year	$ 1,001	$ 1,094
Additions	344	89
Interest	64	73
Payments	(282)	(251)
Effects of movement in exchange rates	(54)	(4)
Balance at the end of the year	1,073	1,001
Less: Current portion	261	207
Non-current lease liabilities	$ 812	$ 794

LEASE LIABILITIES - Disclosur_2

LEASE LIABILITIES - Disclosure for maturity of lease liability on contractual undiscounted cash flows (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of maturity analysis of operating lease payments [line items]
Contractual undiscounted cash flows	$ 1,265	$ 1,162
Less than one year [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Contractual undiscounted cash flows	337	263
One to five years [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Contractual undiscounted cash flows	831	637
More than five years [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Contractual undiscounted cash flows	$ 97	$ 262

LEASE LIABILITIES - Disclosur_3

LEASE LIABILITIES - Disclosure for amount recognized in profit or loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Lease liabilities [abstract]
Interest on lease liabilities	$ 64	$ 73
Expenses related to short-term leases	$ 567	$ 649

PROVISION FOR RECLAMATION AND_3

PROVISION FOR RECLAMATION AND REHABILITATION (Narrative) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Guanacevi, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, undiscounted amount	$ 6,156
Present value of the probability weighted future cash flows, risk free rate	7.37%
Inflation rate	5.10%
Bolanitos, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, undiscounted amount	$ 4,499
Present value of the probability weighted future cash flows, risk free rate	7.45%
Inflation rate	5.38%
Terronera, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, undiscounted amount	$ 814
Present value of the probability weighted future cash flows, risk free rate	7.88%
Inflation rate	4.47%
Pitarrilla, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, undiscounted amount	$ 44

PROVISION FOR RECLAMATION AND_4

PROVISION FOR RECLAMATION AND REHABILITATION - Disclosure of detailed information about provision for reclamation and rehabilitation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, beginning balance	$ 7,397	$ 8,876
Acquisition	44
Accretion	479	262
Disposals	(163)	(4,615)
Effects of movements in exchange rates	188
Change in estimates during the year	(344)	2,874
Provision for reclamation and rehabilitation, ending balance	7,601	7,397
Terronera, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, beginning balance	0	0
Acquisition	0
Accretion	0	0
Disposals	0	0
Effects of movements in exchange rates	0
Change in estimates during the year	251	0
Provision for reclamation and rehabilitation, ending balance	251	0
Guanacevi, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, beginning balance	3,997	2,221
Acquisition	0
Accretion	268	100
Disposals	0	0
Effects of movements in exchange rates	95
Change in estimates during the year	(257)	1,676
Provision for reclamation and rehabilitation, ending balance	4,103	3,997
Bolanitos, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, beginning balance	3,237	1,977
Acquisition	0
Accretion	211	83
Disposals	0	0
Effects of movements in exchange rates	93
Change in estimates during the year	(338)	1,177
Provision for reclamation and rehabilitation, ending balance	3,203	3,237
El Cubo, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, beginning balance	0	4,545
Acquisition	0
Accretion	0	70
Disposals	0	(4,615)
Effects of movements in exchange rates	0
Change in estimates during the year	0	0
Provision for reclamation and rehabilitation, ending balance	0	0
El Compas, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, beginning balance	163	133
Acquisition	0
Accretion	0	9
Disposals	(163)	0
Effects of movements in exchange rates	0
Change in estimates during the year	0	21
Provision for reclamation and rehabilitation, ending balance	0	163
Pitarrilla, Mexico [Member]
Provision For Reclamation And Rehabilitation [Line Items]
Provision for reclamation and rehabilitation, beginning balance	0	0
Acquisition	44
Accretion	0	0
Disposals	0	0
Effects of movements in exchange rates	0
Change in estimates during the year	0	0
Provision for reclamation and rehabilitation, ending balance	$ 44	$ 0

SHARE CAPITAL (Narrative) (Deta

SHARE CAPITAL (Narrative) (Details) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Millions		1 Months Ended		7 Months Ended	12 Months Ended
	Mar. 03, 2022 shares	Mar. 22, 2022 USD ($) $ / shares shares	Mar. 23, 2021	Jul. 20, 2021 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 shares	Oct. 01, 2020 USD ($)	Apr. 30, 2018 CAD ($)
Disclosure of classes of share capital [line items]
Number of share options exercised in share-based payment arrangement						569,200		2,801,600
Weighted average exercise price of share options exercised in share-based payment arrangement | $ / shares					$ 3.57		$ 3.76
Deferred share units, granted						0		82,566
Short form base shelf prospectus | $											$ 150
Aggregate offering value under ATM equity facility | $										$ 60,000
Public equity offerings, net of issuance costs (shares)		9,293,150		10,060,398
Equity issuance, price per share | $ / shares		$ 4.95		$ 5.96
Proceeds from issuing shares | $		$ 46,001		$ 59,998
Payments of commission | $		2,524		1,230
Additional transaction costs | $		$ 361		$ 379
Maximum percentage of ownership of issued and outstanding shares for stock option plan					5%	5%	7%	7%
Weighted average share price | $ / shares					$ 6.77		$ 7.51
Share-based compensation expense | $						$ 1,642		$ 1,973
Unvested share option expense not yet recognized | $					$ 442	$ 442	$ 472	$ 472
Maximum percentage of ownership of issued and outstanding shares for share units plan			1.50%
Performance share units granted						316,000		322,000
Performance share units settled for shares	535,000					797,000		388,000
Shares issuable from settlement of performance share units					350,829	350,829
Settlement of performance share units (shares)	664,170
Share based compensation expense related to performance share units | $						$ 1,713		$ 1,663
Expense (recovery) on directors compensation related to deferred share units | $						$ 885		$ (707)
Deferred share units outstanding					1,044,204	1,044,204	1,348,765	1,348,765	1,266,199
Deferred share units outstanding, fair market value | $					$ 3,375	$ 3,375	$ 5,682	$ 5,682
Redeemable fair value of deferred share units | $						$ 1,421
Deferred share units, redeemed						304,561		0
Expense (recovery) related to share appreciation rights | $						$ 1		$ 113
Share appreciation rights, outstanding					181,739	181,739	113,670	113,670	0
Share appreciation rights outstanding, fair market value | $					$ 111	$ 111	$ 113	$ 113
Number of anti-dilutive stock options					2,821,931	2,821,931	2,113,049	2,113,049
Performance share units granted in 2020 [Member]
Disclosure of classes of share capital [line items]
Performance share units accelerated								67,000	195,000
Deferred Share Units redeemable at Director's retirement [Member]
Disclosure of classes of share capital [line items]
Deferred share units, granted						109,634		0
Deferred share units outstanding					104,596	104,596	0	0	0
Deferred share units issuance of common shares						3,527
Deferred share units of share based compensation expense | $						$ 523		$ 0
Deferred share units settled for shares						5,038		0
March 1, 2023 [Member]
Disclosure of classes of share capital [line items]
Performance share units vested						611,000
March 4, 2024 [Member]
Disclosure of classes of share capital [line items]
Performance share units vested						231,000
March 24, 2025 [Member]
Disclosure of classes of share capital [line items]
Performance share units vested						256,000
June 30, 2024 [Member]
Disclosure of classes of share capital [line items]
Performance share units vested						60,000
Minimum [Member]
Disclosure of classes of share capital [line items]
Percentage of performance payout multiplier			0%
Maximum [Member]
Disclosure of classes of share capital [line items]
Percentage of performance payout multiplier			200%

SHARE CAPITAL - Disclosure of n

SHARE CAPITAL - Disclosure of number and weighted average exercise prices of share options (Details)	12 Months Ended
	Dec. 31, 2022 shares $ / shares	Dec. 31, 2021 shares $ / shares
Disclosure of classes of share capital [abstract]
Number of share options outstanding in share-based payment arrangement at beginning of period | shares	3,848,200	5,978,300
Weighted average exercise price of share options outstanding in share-based payment arrangement at beginning of period | $ / shares	$ 3.68	$ 3.29
Number of share options granted in share-based payment arrangement | shares	736,986	818,500
Weighted average exercise price of share options granted in share-based payment arrangement | $ / shares	$ 6.24	$ 6.9
Number of share options exercised in share-based payment arrangement | shares	(569,200)	(2,801,600)
Weighted average exercise price of share options exercised in share-based payment arrangement | $ / shares	$ 3.57	$ 3.76
Number of share options forfeited in share-based payment arrangement | shares	(116,356)	(147,000)
Weighted average exercise price of share options forfeited in share-based payment arrangement | $ / shares	$ 6.63	$ 4.29
Number of share options outstanding in share-based payment arrangement at end of period | shares	3,899,630	3,848,200
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of period | $ / shares	$ 4.09	$ 3.68
Number of share options exercisable in share-based payment arrangement | shares	3,374,459	2,973,100
Weighted average exercise price of share options exercisable in share-based payment arrangement | $ / shares	$ 3.74	$ 3.4

SHARE CAPITAL - Disclosure of r

SHARE CAPITAL - Disclosure of range of exercise prices of outstanding share options (Details)	12 Months Ended
	Dec. 31, 2022 shares $ / shares	Dec. 31, 2021 shares $ / shares	Dec. 31, 2020 shares $ / shares
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement | shares	3,899,630	3,848,200	5,978,300
Weighted average remaining contractual life of outstanding share options	2 years 3 months 18 days
Weighted average exercise price of share options outstanding in share-based payment arrangement	$ 4.09	$ 3.68	$ 3.29
Number of share options exercisable in share-based payment arrangement | shares	3,374,459	2,973,100
Weighted average exercise price of share options exercisable in share-based payment arrangement	$ 3.74	$ 3.4
$2.00 - $2.99 [Member]
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement | shares	1,366,600
Weighted average remaining contractual life of outstanding share options	2 years 2 months 12 days
Weighted average exercise price of share options outstanding in share-based payment arrangement	$ 2.14
Number of share options exercisable in share-based payment arrangement | shares	1,366,600
Weighted average exercise price of share options exercisable in share-based payment arrangement	$ 2.14
$2.00 - $2.99 [Member] | Minimum [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	2
$2.00 - $2.99 [Member] | Maximum [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	$ 2.99
$3.00 - $3.99 [Member]
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement | shares	1,131,900
Weighted average remaining contractual life of outstanding share options	10 months 24 days
Weighted average exercise price of share options outstanding in share-based payment arrangement	$ 3.45
Number of share options exercisable in share-based payment arrangement | shares	1,131,900
Weighted average exercise price of share options exercisable in share-based payment arrangement	$ 3.45
$3.00 - $3.99 [Member] | Minimum [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	3
$3.00 - $3.99 [Member] | Maximum [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	$ 3.99
$5.00 - $5.99 [Member]
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement | shares	60,000
Weighted average remaining contractual life of outstanding share options	2 years 8 months 12 days
Weighted average exercise price of share options outstanding in share-based payment arrangement	$ 5.6
Number of share options exercisable in share-based payment arrangement | shares	60,000
Weighted average exercise price of share options exercisable in share-based payment arrangement	$ 5.6
$5.00 - $5.99 [Member] | Minimum [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	5
$5.00 - $5.99 [Member] | Maximum [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	$ 5.99
$6.00 - $6.99 [Member]
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement | shares	1,341,130
Weighted average remaining contractual life of outstanding share options	3 years 8 months 12 days
Weighted average exercise price of share options outstanding in share-based payment arrangement	$ 6.56
Number of share options exercisable in share-based payment arrangement | shares	815,959
Weighted average exercise price of share options exercisable in share-based payment arrangement	$ 6.67
$6.00 - $6.99 [Member] | Minimum [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	6
$6.00 - $6.99 [Member] | Maximum [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	$ 6.99

SHARE CAPITAL - Disclosure of d

SHARE CAPITAL - Disclosure of detailed information about options, valuation assumptions (Details)	12 Months Ended
	Dec. 31, 2022 CAD ($) Year	Dec. 31, 2021 CAD ($) Year
Disclosure of classes of share capital [abstract]
Weighted-average fair value of options | $	$ 3.17	$ 3.37
Risk-free interest rate	2.19%	0.66%
Expected dividend yield	0%	0%
Expected stock price volatility	67%	66%
Expected options life in years | Year	3.8	3.85

SHARE CAPITAL - Disclosure of p

SHARE CAPITAL - Disclosure of performance share units plan (Details) - shares		12 Months Ended
	Mar. 03, 2022	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital [abstract]
Performance share units, outstanding, beginning of year		1,639,000	1,805,000
Granted		316,000	322,000
Cancelled		0	(100,000)
Settled for shares	(535,000)	(797,000)	(388,000)
Performance share units, outstanding, end of year		1,158,000	1,639,000

SHARE CAPITAL - Disclosure of_2

SHARE CAPITAL - Disclosure of deferred share units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Deferred share units outstanding, beginning of year	1,348,765	1,266,199
Deferred share units outstanding, weighted average grant price, beginning of year	$ 3.24	$ 3
Deferred share units, granted	0	82,566
Deferred share units, granted, weighted average grant price	$ 0	$ 6.9
Deferred share units, redeemed	(304,561)	0
Deferred share units, redeemed, weighted average grant price	$ 3.41	$ 0
Deferred share units outstanding, end of year	1,044,204	1,348,765
Deferred share units outstanding, weighted average grant price, end of year	$ 3.19	$ 3.24
Deferred share units, fair value	1,044,204	1,348,765
Deferred share units, fair value, weighted average grant price	$ 4.38	$ 5.35
Deferred Share Units redeemable at Director's retirement [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Deferred share units outstanding, beginning of year	0	0
Deferred share units, granted	109,634	0
Deferred share units settled for shares	(5,038)	0
Deferred share units outstanding, end of year	104,596	0

SHARE CAPITAL - Disclosure of s

SHARE CAPITAL - Disclosure of share appreciation rights (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital [abstract]
Share appreciation rights, outstanding, beginning of year	113,670	0
Share appreciation rights, weighted average grant price, beginning of year	$ 5.4	$ 0
Share appreciation rights, granted	148,030	115,930
Share appreciation rights, granted, weighted average grant price	$ 4.62	$ 5.4
Share appreciation rights, exercised	(5,726)	(2,260)
Share appreciation rights, exercised, weighted average grant price	$ 3.17	$ 5.34
Share appreciation rights, cancelled	(74,235)	0
Share appreciation rights, cancelled, weighted average grant price	$ 4.72	$ 0
Share appreciation rights, outstanding, end of year	181,739	113,670
Share appreciation rights, weighted average grant price, end of year	$ 5.12	$ 5.4
Share appreciation rights, exercisable	101,066	40,912
Share appreciation rights, exercisable, weighted average grant price	$ 5.18	$ 5.39

SHARE CAPITAL - Disclosure of_3

SHARE CAPITAL - Disclosure of detailed information about diluted earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital [abstract]
Net earnings (loss) for the year	$ 6,201	$ 13,955
Basic weighted average number of shares outstanding (in shares)	183,009,339	167,289,732
Effect of dilutive securities:
Stock options	1,077,699	1,735,151
Equity settled deferred share units	104,596	0
Performance share units	1,158,000	1,639,000
Diluted weighted average number of share outstanding	185,349,634	170,663,883
Diluted earnings per share	$ 0.03	$ 0.08

REVENUE (Narrative) (Details)

REVENUE (Narrative) (Details) - Commodity Price Risk [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of products and services [line items]
Confidence level used to determine risk adjustment	10%
Value at risk	$ 663	$ 470

REVENUE- Disclosure of detailed

REVENUE- Disclosure of detailed information about revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue [abstract]
Silver sales	$ 142,688	$ 97,257
Gold sales	70,501	70,022
Less: smelting and refining costs	(3,029)	(1,959)
Revenue	$ 210,160	$ 165,320

REVENUE- Disclosure of disaggre

REVENUE- Disclosure of disaggregation of revenue from contracts with customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of products and services [line items]
Total revenue from concentrate sales	$ 53,995	$ 56,828
Refined metal sales	156,165	108,492
Total revenue	210,160	165,320
Concentrate Sales [Member]
Disclosure of products and services [line items]
Total revenue from concentrate sales	54,042	57,011
Provisional Pricing Adjustments [Member]
Disclosure of products and services [line items]
Total revenue from concentrate sales	$ (47)	$ (183)

EXPLORATION AND EVALUATION - Di

EXPLORATION AND EVALUATION - Disclosure of detailed information about exploration and evaluation expenditures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Exploration [Line Items]
Exploration and Evaluation	$ 16,186	$ 17,925
Depreciation and depletion [Member]
Disclosure Of Exploration [Line Items]
Exploration and Evaluation	624	330
Share-based compensation [Member]
Disclosure Of Exploration [Line Items]
Exploration and Evaluation	427	293
Exploration salaries, wages and benefits [Member]
Disclosure Of Exploration [Line Items]
Exploration and Evaluation	1,829	1,975
Direct exploration expenditures [Member]
Disclosure Of Exploration [Line Items]
Exploration and Evaluation	6,167	7,335
Evaluation salaries, wages and benefits [Member]
Disclosure Of Exploration [Line Items]
Exploration and Evaluation	2,299	1,677
Direct evaluation expenditures [Member]
Disclosure Of Exploration [Line Items]
Exploration and Evaluation	$ 4,840	$ 6,315

GENERAL AND ADMINISTRATIVE- Dis

GENERAL AND ADMINISTRATIVE- Disclosure of detailed information about general and administrative expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of General And Administrative [Line Items]
General and administrative	$ 10,613	$ 10,063
Depreciation and depletion [Member]
Disclosure Of General And Administrative [Line Items]
General and administrative	214	165
Share-based compensation [Member]
Disclosure Of General And Administrative [Line Items]
General and administrative	3,009	2,923
Salaries, wages and benefits [Member]
Disclosure Of General And Administrative [Line Items]
General and administrative	3,923	3,923
Directors DSU Expense (Recovery) [Member]
Disclosure Of General And Administrative [Line Items]
General and administrative	(885)	(707)
Direct general and administrative [Member]
Disclosure Of General And Administrative [Line Items]
General and administrative	$ 4,352	$ 3,759

CARE AND MAINTENANCE (Narrative

CARE AND MAINTENANCE (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Care And Maintenance [Line Items]
Care and maintenance expense	$ 580	$ 1,356
Severance costs	0	870
El Cubo, Mexico [Member]
Care And Maintenance [Line Items]
Care and maintenance expense	580	1,356
Severance costs	$ 0	$ 870

CARE AND MAINTENANCE - Disclosu

CARE AND MAINTENANCE - Disclosure of detailed information about care and maintenance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Care And Maintenance [Line Items]
Care and maintenance	$ 580	$ 1,356
Depreciation and depletion [Member]
Care And Maintenance [Line Items]
Care and maintenance	70	55
Salaries, wages and benefits [Member]
Care And Maintenance [Line Items]
Care and maintenance	22	497
Direct general and administrative [Member]
Care And Maintenance [Line Items]
Care and maintenance	$ 488	$ 804

FINANCE COSTS - Disclosure of f

FINANCE COSTS - Disclosure of finance costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Finance Costs [Line Items]
Finance costs	$ 1,300	$ 985
Accretion on provision for reclamation and rehabilitation [Member]
Disclosure Of Finance Costs [Line Items]
Finance costs	479	262
Interest on loans [Member]
Disclosure Of Finance Costs [Line Items]
Finance costs	726	650
Interest on lease liabilities [Member]
Disclosure Of Finance Costs [Line Items]
Finance costs	64	73
Other financing costs [Member]
Disclosure Of Finance Costs [Line Items]
Finance costs	$ 31	$ 0

SUPPLEMENTAL DISCLOSURE WITH _3

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS - Disclosure of detailed information about cash flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net changes in non-cash working capital:
Accounts and other receivables	$ (4,385)	$ 3,919
Income tax receivable	(3,847)	(3,695)
Inventories	5,226	(11,103)
Prepaid expenses	(862)	(2,873)
Accounts payable and accrued liabilities	2,447	3,786
Income taxes payable	2,388	1,190
Net changes in non-cash working capital	967	(8,776)
Non-cash financing and investing activities:
Reclamation included in mineral properties, plant and equipment	(463)	(1,741)
Fair value of exercised options allocated to share capital	770	4,026
Fair value of performance share units allocated to share capital	(1,361)	0
Fair value of capital assets acquired under finance leases	346	90
Other cash disbursements:
Income taxes paid	6,337	992
Special mining duty paid	$ 2,272	$ 1,331

SEGMENT DISCLOSURES (Narrative)

SEGMENT DISCLOSURES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Exploration [Member]
Disclosure Of Segments [Line Items]
Costs incurred in Chile	$ 1,899	$ 2,178	$ 1,799

SEGMENT DISCLOSURES - Disclosur

SEGMENT DISCLOSURES - Disclosure of detailed information about entity reportable segments, assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Segments [Line Items]
Cash and cash equivalents	$ 83,391	$ 103,303	$ 61,083
Other investments	10,035	11,200	4,767
Accounts and other receivables	13,136	14,462
Loans receivable	3,729
Income tax receivable	4,024	177
Inventories	19,184	27,485
Prepaid expenses	16,951	5,135
Non-current deposits	565	599
Non-current IVA receivable	10,154	4,256
Deferred income tax asset	0	936
Non-current income tax receivable	3,570	3,570
Intangible assets	0	40
Right-of-use leased assets	806	664
Mineral property, plant and equipment	233,892	122,197
Total assets	399,437	294,024
Accounts payable and accrued liabilities	39,831	31,991
Income taxes payable	6,616	4,228
Loans payable	14,510	10,494	9,672
Lease obligations	1,073	1,001	1,094
Provision for reclamation and rehabilitation	7,601	7,397	$ 8,876
Deferred income tax liability	12,944	1,506
Other non-current liabilities	968	0
Total liabilities	83,543	56,617
Corporate [Member]
Disclosure Of Segments [Line Items]
Cash and cash equivalents	38,466	68,149
Other investments	10,035	11,200
Accounts and other receivables	383	812
Loans receivable	3,729
Income tax receivable	17	169
Inventories	120	351
Prepaid expenses	1,685	1,327
Non-current deposits	150	150
Non-current IVA receivable	0	164
Deferred income tax asset		0
Non-current income tax receivable	3,570	3,570
Intangible assets		2
Right-of-use leased assets	512	564
Mineral property, plant and equipment	616	373
Total assets	59,283	86,831
Accounts payable and accrued liabilities	6,837	10,121
Income taxes payable	65	29
Loans payable	0	43
Lease obligations	780	896
Provision for reclamation and rehabilitation	0	0
Deferred income tax liability	0	0
Other non-current liabilities	0
Total liabilities	7,682	11,089
Exploration [Member]
Disclosure Of Segments [Line Items]
Cash and cash equivalents	1,935	144
Other investments	0	0
Accounts and other receivables	669	0
Loans receivable	0
Income tax receivable	0	1
Inventories	0	0
Prepaid expenses	144	118
Non-current deposits	2	0
Non-current IVA receivable	0	0
Deferred income tax asset		0
Non-current income tax receivable	0	0
Intangible assets		1
Right-of-use leased assets	0	0
Mineral property, plant and equipment	81,660	18,963
Total assets	84,410	19,227
Accounts payable and accrued liabilities	743	238
Income taxes payable	282	0
Loans payable	0	0
Lease obligations	0	0
Provision for reclamation and rehabilitation	44	0
Deferred income tax liability	0	0
Other non-current liabilities	69
Total liabilities	1,138	238
Guanacevi [Member]
Disclosure Of Segments [Line Items]
Cash and cash equivalents	32,997	27,060
Other investments	0	0
Accounts and other receivables	5,824	6,706
Loans receivable	0
Income tax receivable	3,934	3
Inventories	14,094	19,852
Prepaid expenses	1,155	844
Non-current deposits	321	321
Non-current IVA receivable	1,505	1,434
Deferred income tax asset		0
Non-current income tax receivable	0	0
Intangible assets		15
Right-of-use leased assets	0	100
Mineral property, plant and equipment	67,261	54,234
Total assets	127,091	110,569
Accounts payable and accrued liabilities	19,875	15,247
Income taxes payable	5,539	3,563
Loans payable	1,025	2,005
Lease obligations	293
Provision for reclamation and rehabilitation	4,103	3,997
Deferred income tax liability	12,647	1,271
Other non-current liabilities	443
Total liabilities	43,925	26,083
Bolanitos [Member]
Disclosure Of Segments [Line Items]
Cash and cash equivalents	7,371	4,234
Other investments	0	0
Accounts and other receivables	6,246	6,633
Loans receivable	0
Income tax receivable	73	2
Inventories	4,942	7,057
Prepaid expenses	536	349
Non-current deposits	92	128
Non-current IVA receivable	0	0
Deferred income tax asset		936
Non-current income tax receivable	0	0
Intangible assets		17
Right-of-use leased assets	294	0
Mineral property, plant and equipment	28,106	27,371
Total assets	47,660	46,727
Accounts payable and accrued liabilities	5,327	4,667
Income taxes payable	730	636
Loans payable	2,092	4,048
Lease obligations	0	105
Provision for reclamation and rehabilitation	3,203	3,237
Deferred income tax liability	297	235
Other non-current liabilities	437
Total liabilities	12,086	12,928
El Compas [Member]
Disclosure Of Segments [Line Items]
Cash and cash equivalents		3,349
Other investments		0
Accounts and other receivables		308
Income tax receivable		2
Inventories		195
Prepaid expenses		20
Non-current deposits		0
Non-current IVA receivable		0
Deferred income tax asset		0
Non-current income tax receivable		0
Intangible assets		2
Right-of-use leased assets		0
Mineral property, plant and equipment		2,005
Total assets		5,881
Accounts payable and accrued liabilities		141
Income taxes payable		0
Loans payable		0
Lease obligations		0
Provision for reclamation and rehabilitation		163
Deferred income tax liability		0
Total liabilities		304
Terronera [Member]
Disclosure Of Segments [Line Items]
Cash and cash equivalents	2,622	367
Other investments	0	0
Accounts and other receivables	14	3
Loans receivable	0
Income tax receivable	0	0
Inventories	28	30
Prepaid expenses	13,431	2,477
Non-current deposits	0	0
Non-current IVA receivable	8,649	2,658
Deferred income tax asset		0
Non-current income tax receivable	0	0
Intangible assets		3
Right-of-use leased assets	0	0
Mineral property, plant and equipment	56,249	19,251
Total assets	80,993	24,789
Accounts payable and accrued liabilities	7,049	1,577
Income taxes payable	0	0
Loans payable	11,393	4,398
Lease obligations	0	0
Provision for reclamation and rehabilitation	251	0
Deferred income tax liability	0	0
Other non-current liabilities	19
Total liabilities	$ 18,712	$ 5,975

SEGMENT DISCLOSURES - Disclos_2

SEGMENT DISCLOSURES - Disclosure of detailed information about entity reportable segments, income and expenditures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Segments [Line Items]
Silver revenue	$ 142,688	$ 97,257
Gold revenue	70,501	70,022
Less: smelting and refining costs	(3,029)	(1,959)
Total revenue	210,160	165,320
Salaries, wages and benefits	34,276	27,569
Direct costs	80,046	62,455
Depreciation and depletion	25,179	23,977
Royalties	17,811	13,783
Write down of inventory to NRV	1,323	1,168
Total cost of sales	158,635	128,952
Care and maintenance costs	580	1,356
Write-off of exploration properties	682	870
Impairment (reversal of impairment)		(16,791)
Earnings (loss) before taxes	24,949	29,688
Current income tax expense (recovery)	6,376	3,481
Deferred income tax expense (recovery)	12,372	12,252
Total income tax expense (recovery)	18,748	15,733
Net earnings (loss)	6,201	13,955
Mining [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	15,499	15,240
Direct costs	41,881	39,075
Processing [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	5,813	5,716
Direct costs	21,622	18,798
Administrative [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	10,096	9,560
Direct costs	11,495	11,174
Stock based compensation [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	442	421
Depreciation and depletion [Member]
Disclosure Of Segments [Line Items]
Depreciation and depletion	23,427	26,974
Change in inventory [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	2,426	(3,368)
Direct costs	5,048	(6,592)
Depreciation and depletion	1,752	(2,997)
Corporate [Member]
Disclosure Of Segments [Line Items]
Silver revenue	0	0
Gold revenue	0	0
Less: smelting and refining costs	0	0
Total revenue	0	0
Salaries, wages and benefits	0	0
Direct costs	0	0
Depreciation and depletion	0	0
Royalties	0	3
Write down of inventory to NRV	0	0
Total cost of sales	0	3
Care and maintenance costs	0	859
Write-off of exploration properties	0	0
Impairment (reversal of impairment)		(16,791)
Earnings (loss) before taxes	(9,128)	13,324
Current income tax expense (recovery)	63	0
Deferred income tax expense (recovery)	0	0
Total income tax expense (recovery)	63	0
Net earnings (loss)	(9,191)	13,324
Corporate [Member] | Mining [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Corporate [Member] | Processing [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Corporate [Member] | Administrative [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Corporate [Member] | Depreciation and depletion [Member]
Disclosure Of Segments [Line Items]
Depreciation and depletion	0
Corporate [Member] | Change in inventory [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Depreciation and depletion		0
Exploration [Member]
Disclosure Of Segments [Line Items]
Silver revenue	0	0
Gold revenue	0	0
Less: smelting and refining costs	0	0
Total revenue	0	0
Salaries, wages and benefits	0	0
Direct costs	0	0
Depreciation and depletion	0	0
Royalties	0	0
Write down of inventory to NRV	0	0
Total cost of sales	0	0
Care and maintenance costs	0	0
Write-off of exploration properties	0	0
Impairment (reversal of impairment)		0
Earnings (loss) before taxes	(9,047)	(10,648)
Current income tax expense (recovery)	282	0
Deferred income tax expense (recovery)	0	0
Total income tax expense (recovery)	282	0
Net earnings (loss)	(9,329)	(10,648)
Exploration [Member] | Mining [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Exploration [Member] | Processing [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Exploration [Member] | Administrative [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Exploration [Member] | Depreciation and depletion [Member]
Disclosure Of Segments [Line Items]
Depreciation and depletion	0
Exploration [Member] | Change in inventory [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Depreciation and depletion	0	0
Guanacevi [Member]
Disclosure Of Segments [Line Items]
Silver revenue	128,597	85,854
Gold revenue	27,569	22,638
Less: smelting and refining costs	0	0
Total revenue	156,166	108,492
Salaries, wages and benefits	19,143	14,295
Direct costs	55,501	37,646
Depreciation and depletion	14,129	7,943
Royalties	17,554	13,165
Write down of inventory to NRV	642	539
Total cost of sales	106,969	73,588
Care and maintenance costs	0	0
Write-off of exploration properties	0	0
Impairment (reversal of impairment)		0
Earnings (loss) before taxes	49,197	34,904
Current income tax expense (recovery)	5,671	3,206
Deferred income tax expense (recovery)	11,375	9,924
Total income tax expense (recovery)	17,046	13,130
Net earnings (loss)	32,151	21,774
Guanacevi [Member] | Mining [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	7,578	8,352
Direct costs	29,636	25,253
Guanacevi [Member] | Processing [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	3,444	3,303
Direct costs	15,594	12,220
Guanacevi [Member] | Administrative [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	5,959	5,406
Direct costs	7,096	5,981
Guanacevi [Member] | Stock based compensation [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	221	180
Guanacevi [Member] | Depreciation and depletion [Member]
Disclosure Of Segments [Line Items]
Depreciation and depletion	12,838	11,842
Guanacevi [Member] | Change in inventory [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	1,941	(2,946)
Direct costs	3,175	(5,808)
Depreciation and depletion	1,291	(3,899)
Bolanitos [Member]
Disclosure Of Segments [Line Items]
Silver revenue	14,091	10,149
Gold revenue	42,932	38,645
Less: smelting and refining costs	(3,029)	(1,715)
Total revenue	53,994	47,079
Salaries, wages and benefits	15,133	10,120
Direct costs	24,545	18,956
Depreciation and depletion	11,050	13,491
Royalties	257	265
Write down of inventory to NRV	681	357
Total cost of sales	51,666	43,189
Care and maintenance costs	0	0
Write-off of exploration properties	0	0
Impairment (reversal of impairment)		0
Earnings (loss) before taxes	2,328	3,890
Current income tax expense (recovery)	360	275
Deferred income tax expense (recovery)	997	2,328
Total income tax expense (recovery)	1,357	2,603
Net earnings (loss)	971	1,287
Bolanitos [Member] | Mining [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	7,778	5,574
Direct costs	12,494	11,076
Bolanitos [Member] | Processing [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	2,281	1,799
Direct costs	6,028	5,373
Bolanitos [Member] | Administrative [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	4,028	3,331
Direct costs	4,432	3,813
Bolanitos [Member] | Stock based compensation [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	221	180
Bolanitos [Member] | Depreciation and depletion [Member]
Disclosure Of Segments [Line Items]
Depreciation and depletion	10,589	13,696
Bolanitos [Member] | Change in inventory [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	825	(764)
Direct costs	1,591	(1,306)
Depreciation and depletion	461	(205)
El Compas [Member]
Disclosure Of Segments [Line Items]
Silver revenue	0	1,254
Gold revenue	0	8,739
Less: smelting and refining costs	0	(244)
Total revenue	0	9,749
Salaries, wages and benefits	0	3,154
Direct costs	0	5,853
Depreciation and depletion	0	2,543
Royalties	0	350
Write down of inventory to NRV	0	272
Total cost of sales	0	12,172
Care and maintenance costs	580	497
Write-off of exploration properties	0	870
Impairment (reversal of impairment)		0
Earnings (loss) before taxes	(580)	(3,790)
Current income tax expense (recovery)	0	0
Deferred income tax expense (recovery)	0	0
Total income tax expense (recovery)	0	0
Net earnings (loss)	(580)	(3,790)
El Compas [Member] | Mining [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	1,314
Direct costs	0	2,746
El Compas [Member] | Processing [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	614
Direct costs	0	1,205
El Compas [Member] | Administrative [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	823
Direct costs	0	1,380
El Compas [Member] | Depreciation and depletion [Member]
Disclosure Of Segments [Line Items]
Depreciation and depletion	0	1,436
El Compas [Member] | Change in inventory [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	342
Direct costs	0	522
Depreciation and depletion	0	1,107
Terronera [Member]
Disclosure Of Segments [Line Items]
Silver revenue	0	0
Gold revenue	0	0
Less: smelting and refining costs	0	0
Total revenue	0	0
Salaries, wages and benefits	0	0
Direct costs	0	0
Depreciation and depletion	0	0
Royalties	0	0
Write down of inventory to NRV	0	0
Total cost of sales	0	0
Care and maintenance costs	0	0
Write-off of exploration properties	682	0
Impairment (reversal of impairment)		0
Earnings (loss) before taxes	(7,821)	(7,992)
Current income tax expense (recovery)	0	0
Deferred income tax expense (recovery)	0	0
Total income tax expense (recovery)	0	0
Net earnings (loss)	(7,821)	(7,992)
Terronera [Member] | Mining [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Terronera [Member] | Processing [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Terronera [Member] | Administrative [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Terronera [Member] | Depreciation and depletion [Member]
Disclosure Of Segments [Line Items]
Depreciation and depletion	0
Terronera [Member] | Change in inventory [Member]
Disclosure Of Segments [Line Items]
Salaries, wages and benefits	0	0
Direct costs	0	0
Depreciation and depletion	$ 0	$ 0

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021 USD ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2019 MXN ($)	Dec. 31, 2019 USD ($)	Jun. 30, 2016 MXN ($)	Jun. 30, 2016 USD ($)	Oct. 12, 2010 MXN ($)
Disclosure Of Income Tax [Line Items]
Percentage of environmental royalty tax		0.50%	0.50%
Royalty expense for environmental royalty			$ 938	$ 950
Minera Santa Cruz y Garibaldi SA de CV [Member]
Disclosure Of Income Tax [Line Items]
Tax Assessments							$ 122,900,000	$ 6,300	$ 238,000,000
Tax Assessments, taxes owed							41,800,000	2,100
Tax Assessments , inflationary charges							17,700,000	900
Tax Assessments , interest							40,400,000	2,100
Tax Assessments , penalties							23,000,000	$ 1,200
Tax Assessments interest and penalties							$ 122,900,000
Tax Assessment forgiveness percentage of penalties							100%	100%
Tax Assessment forgiveness percentage of interest							50%	50%
Tax Assessments , increase in interest charges		$ 16,900,000	867
Tax Assessments , increase in inflationary charges		25,300,000	1,298
Net assets			964
Allowance for transferring the shares and assets			964
Cubo [Member]
Disclosure Of Income Tax [Line Items]
Tax Assessments					$ 58,500,000	$ 2,900
Tax Assessments, taxes owed					24,100,000	1,200
Tax Assessments , inflationary charges					3,000,000	100
Tax Assessments , interest					10,400,000	500
Tax Assessments , penalties					$ 21,000,000	$ 1,100
Re-payment of value added taxes		14,700,000	600
Tax Assessments , increase in interest charges	$ 3,500	9,900	500
Tax Assessments , increase in inflationary charges		$ 1,600,000	$ 100

INCOME TAXES - Disclosure of de

INCOME TAXES - Disclosure of deferred taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Tax [Line Items]
Deferred income tax asset	$ 0	$ 936
Deferred income tax liabilities	(12,944)	(1,506)
Mexico operations [Member] | Deferred tax derived from income tax [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax assets (liabilities), net	(10,399)	857
Mexico operations [Member] | Deferred tax derived from income tax [Member] | Tax loss carryforwards [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax asset	3,032	8,893
Mexico operations [Member] | Deferred tax derived from income tax [Member] | Working capital [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax asset	3,155	11,287
Mexico operations [Member] | Deferred tax derived from income tax [Member] | Inventories [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax liabilities	(2,814)	(7,146)
Mexico operations [Member] | Deferred tax derived from income tax [Member] | Mineral properties, plant and equipment [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax liabilities	(13,772)	(12,177)
Mexico operations [Member] | Deferred tax derived from special mining duty [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax assets (liabilities), net	(2,545)	(1,427)
Mexico operations [Member] | Deferred tax derived from special mining duty [Member] | Working capital [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax liabilities	(227)	510
Mexico operations [Member] | Deferred tax derived from special mining duty [Member] | Mineral properties, plant and equipment [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax liabilities	$ (2,318)	$ (1,937)

INCOME TAXES - Disclosure of _2

INCOME TAXES - Disclosure of detailed information about effective income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Tax [Line Items]
Current income tax expense (recovery)	$ 6,376	$ 3,481
Deferred income tax expense	12,372	12,252
Total income tax expense (recovery)	18,748	15,733
Current year [Member]
Disclosure Of Income Tax [Line Items]
Current income tax expense (recovery)	3,180	754
Deferred income tax expense	14,762	19,641
Special mining duty [Member]
Disclosure Of Income Tax [Line Items]
Current income tax expense (recovery)	3,196	2,726
Deferred income tax expense	1,115	574
Adjustments recognized in the current year in relation to prior years [Member]
Disclosure Of Income Tax [Line Items]
Deferred income tax expense	$ (3,505)	$ (7,962)

INCOME TAXES - Disclosure of _3

INCOME TAXES - Disclosure of detailed information about reconciliation of income tax computed at statutory tax rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Taxes [Abstract]
Canadian statutory tax rates	27%	27%
Income tax expense computed at Canadian statutory rates	$ 5,892	$ 8,015
Foreign tax rates different from statutory rate	1,858	986
Withholding taxes, net of tax credits	0	0
Stock-based compensation	667	545
Foreign exchange	764	2,279
Inflationary adjustment	3,898	4,836
Other non-deductible items	2,652	1,375
Adjustments recognized in the current year in relation to prior years	1,298	(468)
Current year losses not recognized	2,364	2,456
Special mining duty Mexican tax	4,158	3,203
Recognition of previously unrecognized losses	(4,803)	(7,494)
Income tax expense	$ 18,748	$ 15,733

INCOME TAXES - Disclosure of un

INCOME TAXES - Disclosure of unrecognized deferred tax assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Mexico operations [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carry forward expiry period	2023-2032
Unrecognized tax loss carry forward	$ 75,540	$ 118,810
Canada operations [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carry forward expiry period	2025-2032
Unrecognized tax loss carry forward	$ 11,005	7,525
Chile Operation [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carry forward expiry period	2023-2032
Unrecognized tax loss carry forward	$ 18,146	16,403
Capital losses [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	21,174	9,650
Reclamation provision [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	7,556	7,396
Exploration pools [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	7,194	13,569
Other Canada temporary differences [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	$ 10,905	$ 13,069

FINANCIAL INSTRUMENTS AND FAI_3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Narrative) (Details) $ in Thousands	Dec. 31, 2022 USD ($) oz	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Disclosure of detailed information about financial instruments [line items]
Percentage of receivables comprised of IVA and tax receivables in Mexico	99.70%	79%
Percentage of receivables pending finalizations of concentrate sales	0.30%	21%
Cash and cash equivalents	$ 83,391	$ 103,303	$ 61,083
Level 1 [Member]
Disclosure of detailed information about financial instruments [line items]
Marketable securities	9,774
Level 3 [Member]
Disclosure of detailed information about financial instruments [line items]
Marketable securities	261
Foreign Currency Risk [Member] | Canadian Dollar [Member]
Disclosure of detailed information about financial instruments [line items]
Cash and cash equivalents	$ 404	2,315
Confidence level used to determine risk adjustment	5%
Value at risk	$ 220
Foreign Currency Risk [Member] | Mexican Peso [Member]
Disclosure of detailed information about financial instruments [line items]
Cash	$ 5,612	5,208
Confidence level used to determine risk adjustment	5%
Value at risk	$ 340
Commodity Price Risk [Member]
Disclosure of detailed information about financial instruments [line items]
Ounces of silver without a final settlement price | oz	75,237
Ounces of gold without a final settlement price | oz	2,666
Confidence level used to determine risk adjustment	10%
Value at risk	$ 663	$ 470

FINANCIAL INSTRUMENTS AND FAI_4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Disclosure of financial assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of fair value measurement of assets [line items]
Cash and cash equivalents	$ 83,391	$ 103,303	$ 61,083
Other investments	10,035	11,200	4,767
Loans receivable	3,729
Trade and other payables	39,831
Loans payable	14,510	$ 10,494	$ 9,672
Financial assets at fair value through profit or loss [Member]
Disclosure of fair value measurement of assets [line items]
Cash and cash equivalents	0
Other investments	10,035
Trade and other receivables	4,385
Loans receivable	0
Total financial assets	14,420
Financial assets at amortised cost [Member]
Disclosure of fair value measurement of assets [line items]
Cash and cash equivalents	83,391
Other investments	0
Trade and other receivables	689
Loans receivable	3,729
Total financial assets	87,809
Financial liabilities at fair value through profit or loss [Member]
Disclosure of fair value measurement of assets [line items]
Trade and other payables	3,486
Loans payable	0
Total financial liabilities	3,486
Financial liabilities at amortised cost [Member]
Disclosure of fair value measurement of assets [line items]
Trade and other payables	36,345
Loans payable	14,510
Total financial liabilities	50,855
Carrying value [Member]
Disclosure of fair value measurement of assets [line items]
Cash and cash equivalents	83,391
Other investments	10,035
Trade and other receivables	5,074
Loans receivable	3,729
Total financial assets	102,229
Trade and other payables	39,831
Loans payable	14,510
Total financial liabilities	54,341
Fair value [Member]
Disclosure of fair value measurement of assets [line items]
Cash and cash equivalents	83,391
Other investments	10,035
Trade and other receivables	5,074
Loans receivable	3,729
Total financial assets	102,229
Trade and other payables	39,831
Loans payable	14,510
Total financial liabilities	$ 54,341

FINANCIAL INSTRUMENTS AND FAI_5

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Disclosure of detailed information about financial assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of fair value measurement of assets [line items]
Other investments	$ 10,035	$ 11,200	$ 4,767
Deferred share units	3,375	$ 5,682
Total [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	5,074
Other investments	10,035
Total financial assets	15,109
Deferred share units	3,375
Share appreciation rights	111
Total financial liabilities	3,486
Level 1 [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	689
Other investments	9,774
Total financial assets	10,463
Deferred share units	3,375
Share appreciation rights	0
Total financial liabilities	3,375
Level 2 [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	4,385
Other investments	0
Total financial assets	4,385
Deferred share units	0
Share appreciation rights	111
Total financial liabilities	111
Level 3 [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	0
Other investments	261
Total financial assets	261
Deferred share units	0
Share appreciation rights	0
Total financial liabilities	$ 0

FINANCIAL INSTRUMENTS AND FAI_6

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Disclosure of credit risk exposure (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Carrying amount [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	$ 4,897	$ 4,923
Carrying amount [Member] | Less than 1 month [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	3,794	4,159
Carrying amount [Member] | 1 to 3 months [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	852	754
Carrying amount [Member] | 4 to 6 months [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	251	0
Carrying amount [Member] | Over 6 months [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	0	10
Gross impairment [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	0	0
Gross impairment [Member] | Less than 1 month [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	0	0
Gross impairment [Member] | 1 to 3 months [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	0	0
Gross impairment [Member] | 4 to 6 months [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	0	0
Gross impairment [Member] | Over 6 months [Member]
Disclosure of fair value measurement of assets [line items]
Accounts and other receivables	$ 0	$ 0

FINANCIAL INSTRUMENTS AND FAI_7

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Disclosure of liquidity risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of fair value measurement of assets [line items]
Accounts payable and accrued liabilities	$ 39,831
Loans payable	15,773
Lease liabilities	1,265	$ 1,162
Provision for reclamation and rehabilitation	11,470
Capital expenditure commitments	26,576
Operating leases	619
Total contractual obligations	95,534
Less than 1 year [Member]
Disclosure of fair value measurement of assets [line items]
Accounts payable and accrued liabilities	39,831
Loans payable	6,643
Lease liabilities	337	263
Provision for reclamation and rehabilitation	0
Capital expenditure commitments	26,576
Operating leases	147
Total contractual obligations	73,534
1 to 3 years [Member]
Disclosure of fair value measurement of assets [line items]
Accounts payable and accrued liabilities	0
Loans payable	7,783
Lease liabilities	503
Provision for reclamation and rehabilitation	0
Capital expenditure commitments	0
Operating leases	206
Total contractual obligations	8,492
4 to 5 years [Member]
Disclosure of fair value measurement of assets [line items]
Accounts payable and accrued liabilities	0
Loans payable	1,347
Lease liabilities	328
Provision for reclamation and rehabilitation	6,991
Capital expenditure commitments	0
Operating leases	206
Total contractual obligations	8,872
Over 5 years [Member]
Disclosure of fair value measurement of assets [line items]
Accounts payable and accrued liabilities	0
Loans payable	0
Lease liabilities	97	$ 262
Provision for reclamation and rehabilitation	4,479
Capital expenditure commitments	0
Operating leases	60
Total contractual obligations	$ 4,636

FINANCIAL INSTRUMENTS AND FAI_8

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Disclosure of market risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Canadian Dollar [Member]
Disclosure of fair value measurement of assets [line items]
Financial assets	$ 10,442	$ 13,338
Financial liabilities	(5,758)	(8,846)
Net financial assets (liabilities)	4,684	4,492
Mexican Peso [Member]
Disclosure of fair value measurement of assets [line items]
Financial assets	9,995	9,590
Financial liabilities	(17,445)	(13,910)
Net financial assets (liabilities)	$ 7,450	$ 4,320