First Majestic Silver (AG) 40-F 30 Mar 20 2019 FY Annual report (Canada) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2019shares
Document Information [Line Items]
Entity Registrant Name	First Majestic Silver Corp
Entity Central Index Key	0001308648
Trading Symbol	ag
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)	199,264,637
Document Type	40-F
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(b) Security	Common Shares, no par value

Consolidated Statements of Earn

Consolidated Statements of Earnings (Loss) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Revenue		$ 363,944	$ 300,929
Mine operating costs
Cost of sales		232,146	219,162
Depletion, depreciation, and amortization		65,584	93,667
		297,730	312,829
Mine operating earnings (loss)		66,214	(11,900)
General and administrative expenses		26,800	21,428
Share-based payments		8,325	7,375
Mine holding costs		7,579	2,109
Impairment of non-current assets		58,739	199,688
Acquisition costs			4,893
Foreign exchange (gain) loss		(3,243)	1,874
Operating loss		(31,986)	(249,267)
Investment and other income (loss)		8,109	(744)
Finance costs		(15,147)	(13,036)
Loss before income taxes		(39,024)	(263,047)
Income taxes
Current income tax expense		16,423	2,148
Deferred income tax recovery		(14,973)	(61,031)
Total tax expense (income)		1,450	(58,883)
Net loss for the year		$ (40,474)	$ (204,164)
Loss per common share
Basic (in dollars per share)		$ (0.20)	$ (1.11)
Diluted (in dollars per share)		$ (0.20)	$ (1.11)
Weighted average shares outstanding
Basic (in shares)		201,615,489	183,650,405
Diluted (in shares)	[1]	201,615,489	183,650,405
[1]	For the year ended December 31, 2019, diluted weighted average number of shares excluded 7,583,439 (2018 - 6,644,542) options, 128,944 restricted share units (2018 - nil) and 16,327,598 (2018 - 16,327,598) common shares issuable under the convertible debentures (Note 20(a)) that were anti-dilutive.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Net loss for the year	$ (40,474)	$ (204,164)
Items that will not be subsequently reclassified to net earnings (loss):
Unrealized loss on fair value of investments in marketable securities	(255)	(510)
Realized gain on investments in marketable securities	572
Remeasurement of retirement benefit plan		665
Other comprehensive income	317	155
Total comprehensive loss	$ (40,157)	$ (204,009)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating Activities
Net loss for the year	$ (40,474)	$ (204,164)
Adjustments for:
Depletion, depreciation and amortization	67,220	94,522
Share-based payments	8,325	7,375
Income tax expense (recovery)	1,450	(58,883)
Finance costs	15,147	13,036
Acquisition costs		4,893
Impairment of non-current assets	58,739	199,688
Other	(1,492)	5,094
Operating cash flows before movements in working capital and taxes	108,915	61,561
Net change in non-cash working capital items	37,327	(21,167)
Income taxes paid	(6,217)	(7,132)
Cash generated by operating activities	140,025	33,262
Investing Activities
Expenditures on mining interests	(76,983)	(76,303)
Acquisition of property, plant and equipment	(41,625)	(35,005)
Deposits paid for acquisition of non-current assets	(1,748)	(2,942)
Proceeds from disposal of marketable securities	867
Purchase of marketable securities and silver futures derivatives		(720)
Proceeds from settlement of silver futures	2,555
Primero acquisition costs, net of cash acquired		(1,022)
Cash used in investing activities	(116,934)	(117,041)
Financing Activities
Proceeds from ATM program, net of share issue costs	81,916
Proceeds from exercise of stock options	16,663	3,943
Repayment of lease liabilities	(5,213)	(3,546)
Finance costs paid	(5,686)	(4,471)
Net proceeds from debt facilities		34,006
Repayment of debt facilities		(16,000)
Repayment of Primero's debt facilities		(106,110)
Net proceeds from convertible debentures		151,079
Repayment of Scotia debt facilities		(32,072)
Shares repurchased and cancelled		(1,386)
Cash provided by financing activities	87,680	25,443
Effect of exchange rate on cash and cash equivalents held in foreign currencies	1,225	(2,792)
Increase (decrease) in cash and cash equivalents	110,771	(58,336)
Cash and cash equivalents, beginning of the year	57,013	118,141
Cash and cash equivalents, end of year	169,009	57,013
Cash	161,268	40,352
Short-term investments	7,741	16,661
Supplemental cash flow information

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 169,009	$ 57,013
Trade and other receivables	4,295	5,599
Value added taxes receivable	29,637	59,665
Income taxes receivable		982
Inventories	30,517	32,468
Other financial assets	7,488	8,458
Prepaid expenses and other	2,033	2,089
Total current assets	242,979	166,274
Non-current assets
Mining interests	463,391	435,613
Property, plant and equipment	236,639	251,084
Right-of-use assets	12,034
Deposits on non-current assets	2,189	3,464
Non-current income taxes receivable	19,551	18,737
Deferred tax assets	51,141	50,938
Total assets	1,027,924	926,110
Current liabilities
Trade and other payables	59,123	50,183
Unearned revenue	4,486	3,769
Current portion of debt facilities	1,175	1,281
Current portion of lease liabilities	6,920	2,904
Income taxes payable	149
Total current liabilities	71,853	58,137
Non-current liabilities
Debt facilities	154,643	148,231
Lease liabilities	15,016	2,943
Decommissioning liabilities	40,528	27,796
Other liabilities	4,675	3,787
Deferred tax liabilities	78,888	90,643
Total liabilities	365,603	331,537
Equity
Share capital	933,182	827,622
Equity reserves	90,692	88,030
Accumulated deficit	(361,553)	(321,079)
Total equity	662,321	594,573
Total liabilities and equity	$ 1,027,924	$ 926,110

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Issued capital [member]	Share-based payments [member]	[1]	Other comprehensive income [Member]	[2]	Reserve of remeasurements of defined benefit plans [member]	[3]	Equity component of convertible debenture [Member]	Total equity reserves [member]	Retained earnings [member]	Total
Balance (in shares) at Dec. 31, 2016	165,824,164
Balance at Dec. 31, 2016	$ 636,672	$ 65,307		$ (3,004)				$ 62,303	$ (116,490)	$ 582,485
Statement Line Items [Line Items]
Net loss for the year									(204,164)	(204,164)
Other comprehensive income				155				155		155
Total comprehensive (loss) income				155				155	(204,164)	(204,009)
Share-based payments		7,375						7,375		7,375
Equity component of convertible debenture, net of tax (Note 20(a))						19,164		19,164		19,164
Exercise of stock options (Note 24(b)) (in shares)	973,948
Exercise of stock options (Note 24(b))	$ 4,910	(967)						(967)		3,943
Acquisition of Primero (Note 4) (in shares)	27,333,184
Acquisition of Primero (Note 4)	$ 186,959									186,959
Settlement of liabilities (in shares)	92,110
Settlement of liabilities	$ 500									500
Shares cancelled (in shares)	(105,728)
Shares cancelled	$ (458)									(458)
Shares repurchased and cancelled (in shares)	(230,000)
Shares repurchased and cancelled	$ (899)								(390)	(1,289)
Shares repurchased for delisting from Bolsa (Note 24(d)) (in shares)	(14,343)
Shares repurchased for delisting from Bolsa (Note 24(d))	$ (62)								(35)	(97)
Balance (in shares) at Dec. 31, 2018	193,873,335
Balance at Dec. 31, 2018	$ 827,622	71,715		(2,849)		19,164		88,030	(321,079)	594,573	$ 594,573
Statement Line Items [Line Items]
Net loss for the year									(40,474)	(40,474)	(40,474)
Other comprehensive income				317				317		317	317
Total comprehensive (loss) income				317				317	(40,474)	(40,157)	(40,157)
Share-based payments		9,319						9,319		9,319
Exercise of stock options (Note 24(b)) (in shares)	2,918,518
Exercise of stock options (Note 24(b))	$ 22,649	(5,986)						(5,986)		16,663
Shares cancelled (in shares)	1,661
Shares cancelled	$ 7									7
At-the-Market Distributions (Note 24(a)) (in shares)	11,172,982
At-the-Market Distributions (Note 24(a))	$ 81,916									81,916
Settlement of restricted share units (Note 24(c)) (in shares)	145,576
Settlement of restricted share units (Note 24(c))	$ 988	(988)						(988)
Balance (in shares) at Dec. 31, 2019	208,112,072
Balance at Dec. 31, 2019	$ 933,182	$ 74,060		$ (2,532)		$ 19,164		$ 90,692	$ (361,553)	$ 662,321	$ 662,321
[1]	Share-based payments reserve records the cumulative amount recognized under IFRS 2 share-based payments in respect of stock options granted, restricted share units and shares purchase warrants issued but not exercised or settled to acquire shares of the Company.
[2]	Other comprehensive income reserve principally records the unrealized fair value gains or losses related to fair value through other comprehensive income ("FVTOCI") financial instruments and re-measurements arising from actuarial gains or losses and return on plan assets in relation to San Dimas' retirement benefit plan.
[3]	Equity component of convertible debenture reserve represents the estimated fair value of its conversion option of $26.3 million, net of deferred tax effect of $7.1 million. This amount is not subsequently remeasured and will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share capital. Where the conversion option remains unexercised at the maturity date of the convertible note, the balance will remain in equity reserves.

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of nature of operations explanatory [text block]	1. First Majestic Silver Corp. (the “Company” or “First Majestic”) is in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company owns six September 2, 2019, 2020. January 2020, First Majestic is incorporated in Canada with limited liability under the legislation of the Province of British Columbia and is publicly listed on the New York Stock Exchange under the symbol “AG”, on the Toronto Stock Exchange under the symbol “FR” and on the Frankfurt Stock Exchange under the symbol “FMV”. The Company’s head office and principal address is located at 925 1800, V6C 3L2.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of basis of preparation of financial statements [text block]	2. These audited consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”). The significant accounting policies, estimates and judgments applied in preparing these consolidated financial statements are summarized in Note 3 These audited consolidated financial statements have been prepared on an historical cost basis except for certain items that are measured at fair value including derivative financial instruments (Note 25 14 These audited consolidated financial statements incorporate the financial statements of the Company and its controlled subsidiaries. Control exists when the Company has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The consolidated financial statements include the accounts of the Company and its subsidiaries (see Note 28 These audited consolidated financial statements of First Majestic Silver Corp. for the years ended December 31, 2019 2018 February 18, 2020.

Note 3 - Significant Accounting

Note 3 - Significant Accounting Policies, Estimates and Judgments	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of significant accounting policies [text block]	3. The preparation of audited consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions about future events that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Although these estimates are based on management’s best knowledge of the amounts, events or actions, actual results may New and amended IFRS standards that are effective for the current year Leases On January 1, 2019, 16 16" 17 16 16 The Company adopted IFRS 16 no $3.7 17 21 no The Company has elected to apply the available exemptions as permitted by IFRS 16 12 12 In transitioning to IFRS 16, 16, 16 5.8% 12.4%. December 31, 2019, $2.0 $0.8 16 $2.4 $2.4 no Uncertainty over Income Tax Treatments The Company has adopted IFRIC 23 23" January 1, 2019. 23 not In preparing the Company’s consolidated financial statements for the years ended December 31, 2019 2018, Business Combinations Accounting Policy: Acquisitions of businesses are accounted for using the acquisition method. The consideration of each business combination is measured, at the date of the exchange, as the aggregate of the fair value of assets given, liabilities incurred or assumed and equity instruments issued by the Company to the former owners of the acquiree in exchange for control of the acquiree. Acquisition-related costs incurred for the business combination are expensed. The acquiree’s identifiable assets, liabilities and contingent liabilities are recognized at their fair value at the acquisition date. Goodwill arising on acquisition is recognized as an asset and initially measured at cost, being the excess of the consideration of the acquisition over the Company’s interest in the fair value of the net identifiable assets, liabilities and contingent liabilities recognized. If the Company’s interest in the fair value of the acquiree’s net identifiable assets, liabilities and contingent liabilities exceeds the cost of the acquisition, the excess is recognized in earnings or loss immediately. Goodwill may Accounting Estimates and Judgments: Determination of a Business Determination of whether a set of assets acquired and liabilities assumed constitute a business may In 2018, 4 Accounting Estimates and Judgments: Fair Value Estimates In business combinations, it generally requires time to obtain the information necessary to identify and measure the following as of the acquisition date: (i) The identifiable assets acquired and liabilities assumed; (ii) The consideration transferred in exchange for an interest in the acquiree; (iii) The resulting goodwill. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports in its consolidated financial statements provisional amounts for the items for which the accounting is incomplete. During the allowable measurement period, the Company will retrospectively adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognized as of that date. The Company may not not one The purchase consideration for the acquisition of Primero was allocated based on management’s best estimates at the time of the acquisition and no Accounting Estimates and Judgments: Consideration for the Acquisition of Primero Acquisitions of businesses are accounted for using the acquisition method. The consideration of each business combination is measured, at the date of the exchange, as the aggregate of the fair value of assets given, liabilities incurred or assumed and equity instruments issued by the Company to the former owners of the acquiree in exchange for control of the acquiree. In determining the total consideration for the acquisition of Primero, the Company included consideration issued to Wheaton Precious Metals Corp. ("WPM") on the basis that WPM is, in substance, an owner of Primero given the following: (i) The requirement of consent by WPM to a change in control for Primero; (ii) WPM was a guarantor of certain of Primero's debt facilities and also guarantees through the previous stream agreement which would have resulted in WPM having a significant interest in the residual assets of Primero in the event of a bankruptcy or default; and (iii) The plan of arrangement for the acquisition of Primero was contemplated together and neither transactions would have been economical without considering the other. Therefore, management included consideration issued to WPM for the restructuring of the New Stream as part of the consideration for the business combination. Goodwill Accounting Policy: Goodwill arising on the acquisition of a business is carried at cost as established at the date of the acquisition less accumulated impairment losses, if any. Goodwill is allocated to each of the Company’s cash-generating units that is expected to benefit from the synergies of the acquisition. A cash-generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication that the unit may first not December 31, 2019, $nil 2018 $nil Foreign Currency Accounting Policy: The consolidated financial statements are presented in U.S. dollars. The individual financial statements of each entity are presented in their functional currency, which is the currency of the primary economic environment in which the entity operates. Transactions in foreign currencies are translated into the entities’ functional currencies at the exchange rates at the date of the transactions. Monetary assets and liabilities of the Company’s operations denominated in a currency other than the U.S. dollar are translated using exchange rates prevailing at the date of the statement of financial position. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates on the dates of the transactions. Revenue and expense items are translated at the exchange rates in effect at the date of the underlying transaction, except for depletion and depreciation related to non-monetary assets, which are translated at historical exchange rates. Exchange differences are recognized in the statements of earnings or loss in the period in which they arise. Accounting Estimates and Judgments: Determination of Functional Currency The functional currency for each of the Company’s subsidiaries is the currency of the primary economic environment in which the entity operates. The Company has determined that the functional currency of each entity is the U.S. dollar. Determination of functional currency may Revenue Recognition ( Note 6 ) Accounting Policy: The Company's primary product is silver. Other metals, such as gold, lead and zinc, produced as part of the extraction process are considered to be by-products arising from the production of silver. Smelting and refining charges are net against revenue from the sale of metals. Revenue relating to the sale of metals is recognized when control of the metal or related services are transferred to the customer in an amount that reflects the consideration the Company expects to receive in exchange for the metals. When considering whether the Company has satisfied its performance obligation, it considers the indicators of the transfer of control, which include, but are not Accounting Policy: (continued) Metals in doré sold are priced on date of transfer of control. Final weights and assays are adjusted on final settlement which is approximately one one three Revenue from the sale of coins, ingots and bullion is recorded when the products have been shipped and funds have been received. When cash was received from customers prior to shipping of the related finished goods, the amounts are recorded as unearned revenue until the products are shipped. Accounting Estimates and Judgments: Determination of Performance Obligations The Company applied judgment to determine if a good or service that is promised to a customer is distinct based on whether the customer can benefit from the good or service on its own or together with other readily available resources and whether the good or service is separately identifiable. Based on these criteria, the Company determined the primary performance obligation relating to its sales contracts is the delivery of the bullion, doré and concentrates. Shipping and insurance services arranged by the Company for its concentrate sales customers that occur after the transfer of control are also considered to be performance obligations. Accounting Estimates and Judgments: Variable Consideration Variable consideration should only be recognized to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognized will not not The Company applied judgment to determine the amount of variable consideration to be recognized during the period for which the likelihood of significant reversal is low. Inventories ( Note 13 ) Accounting Policy: Mineral inventories, including stockpiled ore, work in process and finished goods, are valued at the lower of weighted average cost and estimated net realizable value. Cost includes all direct costs incurred in production including direct labour and materials, freight, depreciation and amortization and directly attributable overhead costs. Net realizable value is calculated as the estimated price at the time of sale based on prevailing and future metal prices less estimated future production costs to convert the inventories into saleable form. Any write-downs of inventory to net realizable value are recorded as cost of sales. If there is a subsequent increase in the value of inventories, the previous write-downs to net realizable value are reversed to the extent that the related inventory has not Accounting Policy: (continued) Stockpiled ore inventory represents ore that has been extracted from the mine and is available for further processing. Costs added to stockpiled ore inventory are valued based on current mining cost per tonne incurred up to the point of stockpiling the ore and are removed at the weighted average cost per tonne. Stockpiled ore tonnage is verified by periodic surveys and physical counts. Work in process inventory includes precipitates, inventories in tanks and in the milling process. Finished goods inventory includes metals in their final stage of production prior to sale, including primarily doré and dried concentrates at our operations and finished goods in-transit. Materials and supplies inventories are valued at the lower of weighted average cost and net realizable value. Costs include acquisition, freight and other directly attributable costs. Exploration and Evaluation Expenditures ( Note 15 ) Accounting Policy: Exploration and evaluation activity involves the search for mineral resources, the determination of technical feasibility and the assessment of commercial viability of an identified resource. Exploration and evaluation activity includes: • acquiring the rights to explore; • researching and analyzing historical exploration data; • gathering exploration data through topographical, geochemical and geophysical studies; • exploratory drilling, trenching and sampling; • determining and examining the volume and grade of the resource; • surveying transportation and infrastructure requirements; and • compiling pre-feasibility and feasibility studies. Capitalization of exploration and evaluation expenditures commences on acquisition of a beneficial interest or option in mineral rights. Capitalized costs are recorded as mining interests at cost less impairment charges, if applicable. No not The majority of the Company’s exploration and evaluation expenditures focus on mineral deposits in proximity to its existing mining operations. Where the Company is acquiring a new property, the Company makes a preliminary evaluation to determine that the property has significant potential to develop an economic ore body. Exploration and evaluation expenditures are transferred to development or producing mining interests when technical feasibility and commercial viability of the mineral resource have been demonstrated. Factors taken into consideration include: • there is sufficient geological certainty of converting the mineral deposit into proven and probable reserves; • life of mine plan and economic modeling support the economic extraction of such reserves and resources; • for new properties, a scoping study and/or feasibility study demonstrates that the additional reserves and resources will generate a positive economic outcome; and • operating and environmental permits exist or are reasonably assured as obtainable. Exploration and evaluation expenditures remain as exploration mining interests and do not Accounting Estimates and Judgments: Economic recoverability and probability of future economic benefits of exploration, evaluation and development costs Management has determined that exploratory drilling, evaluation, development and related costs incurred which were capitalized have potential future economic benefits and are potentially economically recoverable, subject to impairment analysis. Management uses several criteria in its assessments of economic recoverability and probability of future economic benefit including geologic and metallurgic information, history of conversion of mineral deposits to proven and probable reserves, scoping and feasibility studies, accessible facilities, existing permits and life of mine plans. Mining Interests ( Note 15 ) Accounting Policy: Exploration, development and field support costs directly related to mining interests are deferred until the property to which they directly relate is placed into production, sold, abandoned or subject to a condition of impairment. The deferred costs are amortized over the useful life of the ore body following commencement of production, or written off if the property is sold or abandoned. Administration costs and other exploration costs that do not Upon commencement of commercial production, mining interests are depleted on a units-of-production basis over the estimated economic life of the mine. In applying the units of production method, depletion is determined using quantity of material extracted from the mine in the period as a portion of total quantity of material to be extracted in current and future periods based on reserves and resources considered to be highly probable to be economically extracted over the life of mine. If no may From time to time, the Company acquires or disposes of properties pursuant to the terms of option agreements. Options are exercisable entirely at the discretion of the optionee with no Accounting Estimates and Judgments: Mineral Reserve and Resource Estimates Mineral reserve and resource estimates affect the determination of recoverable value used in impairment assessments, the depletion and depreciation rates for non-current assets using the units of production method and the expected timing of reclamation and closure expenditures. The figures for mineral reserves and mineral resources are determined in accordance with National Instrument 43 101 43 101" Accounting Estimates and Judgments: Depletion Rate for Mining Interests Depletion expenses are allocated based on estimated useful life of the asset. Should the expected asset life and associated depletion rate differ from the initial estimate, the change in estimate would be made prospectively in the consolidated statements of earnings or loss. Property, Plant and Equipment ( Note 16 ) Accounting Policy: Property, plant and equipment are recorded at cost less accumulated depreciation and accumulated impairment losses. The cost of an item of property, plant and equipment includes the purchase price or construction cost, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use, an initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located, and borrowing costs related to the acquisition or construction of qualifying assets. Property, plant and equipment are depreciated using either the straight-line or units-of-production method over the shorter of the estimated useful life of the asset or the expected life of mine. Where an item of property, plant and equipment comprises of major components with different useful lives, the components are accounted for as separate items of property, plant and equipment. Assets under construction are recorded at cost and re-allocated to machinery and equipment when it becomes available for use. Depreciation commences when the asset is in the condition and location necessary for it to operate in the manner intended by management. Depreciation charges on assets that are directly related to mineral properties are allocated to those mineral properties. The Company conducts an annual review of residual balances, useful lives and depreciation methods utilized for property, plant and equipment. Any changes in estimate that arise from this review are accounted for prospectively. Accounting Estimates and Judgments: Commencement of Commercial Production Prior to reaching commercial production levels intended by management, costs incurred are capitalized as part of the related mine or mill and proceeds from mineral sales are offset against costs capitalized. Depletion of capitalized costs for mining properties and depreciation and amortization of property, plant and equipment begin when operating levels intended by management have been reached. Determining when a mine or mill is in the condition necessary for it to be capable of operating in the manner intended by management is a matter of judgment dependent on the specific facts and circumstances. The following factors may • substantially all major capital expenditures have been completed to bring the asset to the condition necessary to operate in the manner intended by management; • the mine or mill has reached a pre-determined percentage of design capacity; • the ability to sustain a pre-determined level of design capacity for a significant period of time (i.e. the ability to process ore continuously at a steady or increasing level); • the completion of a reasonable period of testing of the mine plant and equipment; • the ability to produce a saleable product (i.e. the ability to produce concentrate within required sellable specifications); • the mine or mill has been transferred to operating personnel from internal development groups or external contractors; and • mineral recoveries are at or near the expected production levels. Accounting Estimates and Judgments: Depreciation and Amortization Rates for Property, Plant and Equipment Depreciation and amortization expenses are allocated based on estimated useful life of the asset. Should the expected asset life and associated depreciation rates differ from the initial estimate, the change in estimate would be made prospectively in the consolidated statements of earnings or loss. Borrowing Costs Accounting Policy: Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset that takes a substantial period of time to get ready for its intended use are capitalized as part of the cost of the asset until the asset is substantially ready for its intended use. Other borrowing costs are recognized as an expense in the period incurred. As at December 31, 2019 2018, not Right of Use Assets (Note 17 Note 21 ) Accounting Policy: Effective January 1, 2019, 12 The lease liability is initially measured at the present value of the lease payments that are not Lease payments included in the measurement of the lease liability comprise: • fixed lease payments (including in-substance fixed payments), less any lease incentives receivable; • variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; • the amount expected to be payable by the lessee under residual value guarantees; • the exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and • payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. Accounting Policy: The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: • the lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. • the lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which case the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). • a lease contract is modified and the lease modification is not The right-of-use assets comprise of the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. As a practical expedient, IFRS 16 not Prior to January 1, 2019, Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognized immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalized in accordance with the Company’s general policy on borrowing costs. Impairment of Non-Current Assets ( Note 18 ) Accounting Policy: At each statement of financial position date, the Company reviews the carrying amounts of its non-current assets to determine whether there is any indication that those assets are impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. Where the asset does not If the recoverable amount of the asset or CGU is determined to be less than its carrying amount, the carrying amount of the asset or CGU is reduced to its recoverable amount and an impairment loss is recognized as an expense in the consolidated statements of earnings or loss. Recoverable amount is the higher of fair value less costs of disposal (“FVLCD”) and value in use (“VIU”). FVLCD is determined as the amount that would be obtained from the sale of the asset or CGU in an arm’s length transaction between knowledgeable and willing parties. The Company considers the use of a combination of its internal discounted cash flow economic models and in-situ value of reserves, resources and exploration potential of each CGU for estimation of its FVLCD. These cash flows are discounted by an appropriate post-tax discount rate to arrive at a net present value of the asset. VIU is determined as the present value of the estimated cash flows expected to arise from the continued use of the asset or CGU in its present form and its eventual disposal. VIU is determined by applying assumptions specific to the Company’s continued use and does not Where an impairment loss subsequently reverses, the carrying amount of the asset or CGU is increased to the revised estimate of its recoverable amount, so that the increased carrying amount does not no not Accounting Estimates and Judgments: Indications of Impairment and Reversal of Impairment Management considers both external and internal sources of information in assessing whether there are any indications that the Company’s property, plant and equipment and mining interests are impaired or previous impairments should be reversed. External sources of information management considers include changes in the market, economic and legal environment in which the Company operates that are not For exploration and evaluation assets, indications include but are not Fair Value Estimates In determining the recoverable amounts of the Company’s property, plant and equipment and mining interests, management makes estimates of the discounted future cash flows expected to be derived from the Company’s mining properties, costs of disposal of the mining properties and the appropriate discount rate. Reductions in metal price forecasts, increases in estimated future costs of production, increases in estimated future capital expenditures, reductions in the amount of recoverable reserves, resources, and exploration potential, and/or adverse current economics can result in an impairment of the carrying amounts of the Company’s non-current assets. Conversely, favourable changes to the aforementioned factors can result in a reversal of previous impairments. Share-based Payment Transactions ( Note 24 ) Accounting Policy: Employees (including directors and officers) of the Company may The Company adopted the 2019 three In situations where equity instruments are issued to non‐employees, the share-based payments are measured at the fair value of goods or services received. If some or all of the goods or services received by the Company as consideration cannot be specifically identified, they are measured at the fair value of the share‐based payment. Accounting Estimates and Judgments: Valuation of Share-based Payments The Company uses the Black-Scholes Option Pricing Model for valuation of share-based payments. Option pricing models require the input of subjective assumptions including expected price volatility, interest rate and forfeiture rate. Changes in the input assumptions can materially affect the fair value estimate and the Company’s earnings and equity reserves. Taxation ( Note 23 ) Accounting Policy: Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case they are recognized in other comprehensive income or directly in equity. Current income tax is based on taxable earnings for the year. The tax rates and tax laws to compute the amount payable are those that are substantively enacted in each tax regime at the date of the statement of financial position. Deferred income tax is recognized, using the liability method, on temporary differences between the carrying value of assets and liabilities in the statement of financial position, unused tax losses, unused tax credits and the corresponding tax bases used in the computation of taxable earnings, based on tax rates and tax laws that are substantively enacted at the date of the statement of financial position and are expected to apply when the related deferred tax asset is realized or the deferred tax liability is settled. Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries, and interests in joint ventures, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not Deferred tax assets are recognized for all deductible temporary differences to the extent that the realization of the related tax benefit through future taxable earnings is probable. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset the current tax assets against the current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. Accounting Estimates and Judgments: Recognition of Deferred Income Tax Assets In assessing the probability of realizing income tax assets recognized, management makes estimates related to expectations of future taxable income, applicable tax opportunities, expected timing of reversals of existing temporary differences and the likelihood that tax positions taken will be sustained upon examination by applicable tax authorities. In making its assessments, management gives additional weight to positive and negative evidence that can be objectively verified. Estimates of future taxable income are based on forecasted cash flows from operations and the application of existing tax laws in each jurisdiction. Forecasted cash flows from operations are based on life of mine projections internally developed, reviewed by management and are consistent with the forecasts utilized for business planning and impairment testing purposes. Weight is attached to tax planning opportunities that are within the Company’s control, and are feasible and implementable without significant obstacles. The likelihood that tax positions taken will be sustained upon examination by applicable tax authorities is assessed based on individual facts and circumstances of the relevant tax position evaluated in light of all available evidence. Where applicable tax laws and regulations are either unclear or subject to ongoing varying interpretations, it is reasonably possible that changes in these estimates can occur that materially affect the amounts of income tax assets recognized. At the end of each reporting period, the Company reassesses recognized and unrecognized income tax assets. Accounting Estimates and Judgments: Tax Contingencies The Company’s operations involve dealing with uncertainties and judgments in the application of tax regulations in multiple jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with tax authorities in various jurisdictions and resolution of disputes arising from tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues based on its estimate of whether, and the extent to which, additional taxes will be due. The Company adjusts these liabilities in light of changing facts and circumstances; however, due to the complexity of some of these uncertainties, the ultimate resolution may Cash and Cash Equivalents Accounting Policy: Cash in the statement of financial position includes cash on hand and held at banks and cash equivalents include short-term guaranteed investment certificates redeemable within three Financial Instruments Accounting Policy: Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the instrument. 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 at fair value through profit or loss (“FVTPL”). The directly attributable transaction costs of financial assets and liabilities classified as at FVTPL are expensed in the period in which they are incurred. Subsequent measurement of financial assets and liabilities depends on the classifications of such assets and liabilities. Accounting Policy: (continued) 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 give rise on specified dates to cash flows 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 rep

Note 4 - Acquisition of Primero

Note 4 - Acquisition of Primero Mining Corp.	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of business combinations [text block]	4. Description of the Transaction On May 10, 2018, January 11, 2018. 6,418,594 0.03325 The Arrangement also provided for the issuance by First Majestic of an aggregate of 221,908 366,124 With this transaction First Majestic added the San Dimas Silver/Gold Mine, which is located approximately 130 40 2,500 Concurrently, in connection with the Arrangement, First Majestic terminated the pre-existing silver purchase agreement with Wheaton Precious Metals Corp. and its subsidiary, Wheaton Precious Metals International Ltd. (“WPMI”), relating to the San Dimas Mine and entered into a new precious metal purchase agreement (the “New Stream Agreement”) with WPMI and FM Metal Trading (Barbados) Inc., a wholly-owned subsidiary of First Majestic. Pursuant to the New Stream Agreement, WPMI is entitled to receive 25% 70 1 $600 1% 20,914,590 $143.1 May 9, 2018 $6.84. Consideration and Purchase Price Allocation Management has concluded that Primero constitutes a business and, therefore, the acquisition is accounted for in accordance with IFRS 3 $187.0 Total Consideration 6,418,594 First Majestic shares to Primero shareholders at $6.84 (CAD$8.80) per share $ 43,903 20,914,590 First Majestic shares to Wheaton Precious Metals Corp. at $6.84 (CAD$8.80) per share 143,056 $ 186,959 Allocation of Purchase Price Cash and cash equivalents $ 3,871 Value added taxes receivable 27,508 Inventories 15,628 Mining interests 178,183 Property, plant and equipment 122,815 Deposit on non-current assets 60 Non-current income taxes receivable 19,342 Other working capital items (23,792 ) Income taxes payable (2,888 ) Debt facilities (106,110 ) Decommissioning liabilities (4,095 ) Other non-current liabilities (4,678 ) Deferred tax liabilities (38,885 ) Net assets acquired $ 186,959 Total transaction costs of $4.9 December 31, 2018.

Note 5 - Segmented Information

Note 5 - Segmented Information	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of entity's operating segments [text block]	5. All of the Company’s operations are within the mining industry and its major products are precious metals doré and precious and base metals concentrates which are refined or smelted into pure silver, gold, lead and zinc and sold to global metal brokers. Transfer prices between reporting segments are set on an arms-length basis in a manner similar to transactions with third A reporting segment is defined as a component of the Company that: • engages in business activities from which it may • whose operating results are reviewed regularly by the entity’s chief operating decision maker; and • for which discrete financial information is available. For the year ended December 31, 2019, six September 2, 2019 July 2019 Effective January 1, 2019, no August 3, 2018 December 31, 2019 2018. 15 20 not December 31, 2019 Management evaluates segment performance based on mine operating earnings. Therefore, other income and expense items are not Year Ended December 31, 2019 and 2018 Revenue Cost of sales Depletion, depreciation, and amortization Mine operating earnings (loss) Capital expenditures Mexico San Dimas 2019 $ 185,999 $ 100,120 $ 28,491 $ 57,388 $ 42,511 2018 102,515 60,762 19,052 22,701 20,485 Santa Elena 2019 94,378 53,605 12,204 28,569 23,004 2018 83,116 52,154 12,352 18,610 18,908 La Encantada 2019 50,867 36,609 11,648 2,610 13,225 2018 24,533 30,215 13,955 (19,637 ) 16,938 La Parrilla 2019 14,023 16,152 3,422 (5,551 ) 10,503 2018 29,908 26,758 24,944 (21,794 ) 14,191 Del Toro 2019 7,627 11,615 1,718 (5,706 ) 4,886 2018 17,923 19,170 8,612 (9,859 ) 11,620 San Martin 2019 10,554 13,143 7,022 (9,611 ) 4,869 2018 33,925 22,903 8,608 2,414 9,302 Others 2019 496 902 1,079 (1,485 ) 25,196 2018 9,009 7,200 6,144 (4,335 ) 15,743 Consolidated 2019 $ 363,944 $ 232,146 $ 65,584 $ 66,214 $ 124,194 2018 $ 300,929 $ 219,162 $ 93,667 $ (11,900 ) $ 107,187 During the year ended December 31, 2019, six December 31, 2018 eight 100% one 85% 2018 one 72% At December 31, 2019 and 2018 Mining Interests Property, plant Total Total Producing Exploration and mining assets assets Total liabilities Mexico San Dimas 2019 $ 193,433 $ 8,699 $ 116,556 $ 318,688 $ 375,359 $ 61,476 2018 182,434 3,705 120,218 306,357 368,460 59,990 Santa Elena 2019 45,046 18,592 47,787 111,425 134,666 23,867 2018 33,447 14,316 39,664 87,427 104,955 16,753 La Encantada 2019 23,091 1,104 14,736 38,931 71,255 21,563 2018 39,564 5,660 43,060 88,284 111,887 13,972 San Martin 2019 53,088 14,289 16,043 83,420 87,248 15,987 2018 50,406 12,538 18,373 81,317 92,835 23,386 La Parrilla 2019 20,065 7,348 7,723 35,136 56,270 8,384 2018 17,172 3,486 7,603 28,261 52,383 9,784 Del Toro 2019 11,129 5,566 6,002 22,697 37,546 7,899 2018 9,601 3,082 5,775 18,458 36,760 7,624 Others 2019 21,496 40,445 27,792 89,733 265,579 226,427 2018 21,027 39,175 16,391 76,593 158,830 200,028 Consolidated 2019 $ 367,348 $ 96,043 $ 236,639 $ 700,030 $ 1,027,924 $ 365,603 2018 $ 353,651 $ 81,962 $ 251,084 $ 686,697 $ 926,110 $ 331,537

Note 6 - Revenues

Note 6 - Revenues	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of revenue [text block]	6. The Company sells metals in the form of doré and concentrates. The Company’s primary product is silver and other metals produced as part of the extraction process, such as gold, lead and zinc, are considered as by-products. Revenues from sale of metal, including by-products, are recorded net of smelting and refining costs. Revenues for the year are summarized as follows: Year Ended December 31, 2019 2018 Gross revenue by material: Doré $ 345,334 94 % $ 255,723 83 % Concentrate 23,501 6 % 52,697 17 % Gross revenue $ 368,835 100 % $ 308,420 100 % Gross revenue from payable metals: Silver $ 215,301 58 % $ 176,783 57 % Gold 143,029 39 % 111,058 36 % Lead 6,988 2 % 14,369 5 % Zinc 3,517 1 % 6,210 2 % Gross revenue 368,835 100 % 308,420 100 % Less: smelting and refining costs (4,891 ) (7,491 ) Revenues $ 363,944 $ 300,929 As at December 31, 2019, $4.5 not December 31, 2018 - $3.8 December 31, 2019, $0.1 2018 $0.8 (a) Gold Stream Agreement with Sandstorm Gold Ltd. The Santa Elena mine has a purchase agreement with Sandstorm Gold Ltd. (“Sandstorm”), which requires the Company to sell 20% $450 1% December 31, 2019, 9,164 2018 8,947 $458 2018 $453 (b) Gold Stream Agreement with Wheaton Precious Metals Corporation The San Dimas mine has a purchase agreement with WPMI, which entitles WPMI to receive 25% 70 1 $600 1% During the year ended December 31, 2019, 44,667 2018 21,962 $604 2018 $600

Note 7 - Cost of Sales

Note 7 - Cost of Sales	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of cost of sales [text block]	7. Cost of sales excludes depletion, depreciation and amortization and are costs that are directly related to production and generation of revenues at the operating segments. Significant components of cost of sales are comprised of the following: Year Ended December 31, 2019 2018 Consumables and materials $ 45,947 $ 49,750 Labour costs 118,229 106,540 Energy 35,135 35,366 Other costs 13,243 13,300 Production costs $ 212,554 $ 204,956 Transportation and other selling costs 2,735 3,399 Workers participation costs 9,036 5,775 Environmental duties and royalties 1,438 1,288 Inventory changes 3,459 (3,776 ) (Cost recovery) writedowns related to Republic Metals Refining Corp. bankruptcy (1) (1,600 ) 7,520 Standby Costs (2) 2,879 — Restructuring costs (3) 1,645 — $ 232,146 $ 219,162 ( 1 In November 2018, one $7.5 September 2019, $1.6 no ( 2 Effective from July 2019, ( 3 Effective September 2019,

Note 8 - General and Administra

Note 8 - General and Administrative Expenses	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of general and administrative expense [text block]	8. General and administrative expenses are incurred to support the administration of the business that are not Year Ended December 31, 2019 2018 Corporate administration $ 5,202 $ 5,552 Salaries and benefits 13,797 10,412 Audit, legal and professional fees 4,943 3,421 Filing and listing fees 429 449 Directors fees and expenses 793 739 Depreciation 1,636 855 $ 26,800 $ 21,428

Note 9 - Investment and Other I

Note 9 - Investment and Other Income (Loss)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of finance income [text block]	9. The Company’s investment and other income (loss) are comprised of the following: Year Ended December 31, 2019 2018 Gain (loss) from investment in marketable securities (Note 14(a)) $ 528 $ (4,704 ) Gain from investment in silver futures derivatives (Note 14(b)) 1,237 269 Interest income and other 6,344 3,691 $ 8,109 $ (744 )

Note 10 - Finance Costs

Note 10 - Finance Costs	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of finance cost [text block]	10. Finance costs are primarily related to interest and accretion expense on the Company’s debt facilities, lease liabilities and accretion of decommissioning liabilities. The Company’s finance costs in the year are summarized as follows: Year Ended December 31, 2019 2018 Debt facilities (Note 20) $ 10,885 $ 10,389 Lease liabilities (Note 21) 1,142 524 Accretion of decommissioning liabilities (Note 22) 2,410 1,495 Silver sales and other 710 628 $ 15,147 $ 13,036

Note 11 - Loss Per Share

Note 11 - Loss Per Share	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of earnings per share [text block]	11. Basic earnings or loss per share is the net earnings or loss available to common shareholders divided by the weighted average number of common shares outstanding during the year. Diluted net earnings or loss per share adjusts basic net earnings per share for the effects of potential dilutive common shares. The calculations of basic and diluted earnings or loss per share for the years ended December 31, 2019 2018 Year Ended December 31, 2019 2018 Net loss for the year $ (40,474 ) $ (204,164 ) Weighted average number of shares on issue - basic and diluted (1) 201,615,489 183,650,405 Loss per share - basic and diluted $ (0.20 ) $ (1.11 ) Loss per share - diluted $ (0.20 ) $ (1.11 ) ( 1 For the year ended December 31, 2019, 7,583,439 2018 6,644,542 128,944 2018 nil 16,327,598 2018 16,327,598 20

Note 12 - Trade and Other Recei

Note 12 - Trade and Other Receivables	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of trade and other receivables [text block]	12. Trade and other receivables of the Company are comprised of: December 31, December 31, 2018 Trade receivables $ 3,503 $ 4,671 Other 792 928 $ 4,295 $ 5,599

Note 13 - Inventories

Note 13 - Inventories	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of inventories [text block]	13. Inventories consist primarily of materials and supplies and products of the Company’s operations, in varying stages of the production process, and are presented at the lower of weighted average cost or net realizable value. Inventories of the Company are comprised of: December 31, December 31, Finished goods - doré and concentrates $ 1,965 $ 2,538 Work-in-process 3,229 4,626 Stockpile 2,130 1,257 Silver coins and bullion 291 351 Materials and supplies 22,902 23,696 $ 30,517 $ 32,468 The amount of inventories recognized as an expense during the year is equivalent to the total of cost of sales plus depletion, depreciation and amortization for the period. As at December 31, 2019, $0.4 December 31, 2018 $3.0

Note 14 - Other Financial Asset

Note 14 - Other Financial Assets	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of other assets [text block]	14. As at December 31, 2019, December 31, December 31, First Mining Gold Corp. (TSX: FF) $ 3,010 $ 2,753 Sprott Physical Silver Trust (NYSE: PSLV) 2,616 2,236 FVTPL marketable securities $ 5,626 $ 4,989 FVTOCI marketable securities 880 1,431 Total marketable securities $ 6,506 $ 6,420 Silver future derivatives — 2,038 Foreign exchange derivatives 982 — Total other financial assets $ 7,488 $ 8,458 (a) Marketable Securities Changes in fair value of marketable securities designated as fair value through profit or loss ("FVTPL") for the year ended December 31, 2019 $0.5 2018 $4.7 Changes in fair value of marketable securities designated as fair value through other comprehensive income ("FVTOCI") for the year ended December 31, 2019 $0.3 2018 $0.5 not (b) Silver Future Derivatives As at December 31, 2019, not December 31, 2018 ‐ $2.0 December 31, 2019, $1.2 2018 $0.3 (c) Foreign Exchange Derivatives The Company uses various foreign exchange derivatives to manage its foreign exchange exposures. As at December 31, 2019, $26.0 19.75 January April 2020, $1.0 19.50. December 31, 2019, $3.0

Note 15 - Mining Interests

Note 15 - Mining Interests	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of exploration and evaluation assets [text block]	15. Mining interests primarily consist of acquisition, development and exploration costs directly related to the Company’s operations and projects. Upon commencement of commercial production, mining interests for producing properties are depleted on a units-of-production basis over the estimated economic life of the mine. In applying the units of production method, depletion is determined using quantity of material extracted from the mine in the period as a portion of total quantity of material, based on reserves and resources, considered to be highly probable to be economically extracted over the life of mine plan. The Company’s mining interests are comprised of the following: December 31, December 31, Producing properties $ 367,348 $ 353,651 Exploration properties (non-depletable) 96,043 81,962 $ 463,391 $ 435,613 Producing properties are allocated as follows: Producing properties San Dimas Santa Elena La Encantada La Parrilla Del Toro San Martin La Guitarra Total Cost At December 31, 2017 $ — $ 36,371 $ 88,627 $ 155,351 $ 104,635 $ 90,955 $ 106,691 $ 582,630 Additions 11,030 7,609 5,787 8,336 6,241 3,988 2,686 45,677 Acquisition of Primero (Note 4) 178,183 — — — — — — 178,183 Change in decommissioning liabilities (Note 22) 4,092 (633 ) 3,122 — — — — 6,581 Transfer from exploration properties — 1,694 1,900 — — — — 3,594 At December 31, 2018 $ 193,305 $ 45,041 $ 99,436 $ 163,687 $ 110,876 $ 94,943 $ 109,377 $ 816,665 Additions 24,596 6,813 5,995 5,262 1,735 2,091 — 46,492 Change in decommissioning liabilities (Note 22) 301 2,338 500 696 945 4,051 469 9,300 Transfer from exploration properties 2,456 7,462 5,659 — — — — 15,577 At December 31, 2019 $ 220,658 $ 61,654 $ 111,590 $ 169,645 $ 113,556 $ 101,085 $ 109,846 $ 888,034 Accumulated depletion, amortization and impairment At December 31, 2017 $ — $ (7,639 ) $ (55,564 ) $ (62,144 ) $ (67,154 ) $ (40,317 ) $ (62,594 ) $ (295,412 ) Depletion and amortization (10,871 ) (3,955 ) (4,308 ) (16,470 ) (4,850 ) (4,220 ) (3,102 ) (47,776 ) Impairment (Note 18) — — — (67,901 ) (29,271 ) — (22,654 ) (119,826 ) At December 31, 2018 $ (10,871 ) $ (11,594 ) $ (59,872 ) $ (146,515 ) $ (101,275 ) $ (44,537 ) $ (88,350 ) $ (463,014 ) Depletion and amortization (16,354 ) (5,014 ) (6,025 ) (3,065 ) (1,152 ) (3,460 ) — (35,070 ) Impairment (Note 18) — — (22,602 ) — — — — (22,602 ) At December 31, 2019 $ (27,225 ) $ (16,608 ) $ (88,499 ) $ (149,580 ) $ (102,427 ) $ (47,997 ) $ (88,350 ) $ (520,686 ) Carrying values At December 31, 2018 $ 182,434 $ 33,447 $ 39,564 $ 17,172 $ 9,601 $ 50,406 $ 21,027 $ 353,651 At December 31, 2019 $ 193,433 $ 45,046 $ 23,091 $ 20,065 $ 11,129 $ 53,088 $ 21,496 $ 367,348 Exploration properties are allocated as follows: Exploration properties San Dimas Santa Elena La Encantada La Parrilla Del Toro San Martin La Guitarra Other Total Cost At December 31, 2017 $ — $ 7,777 $ 5,221 $ 13,982 $ 10,117 $ 9,599 $ 10,385 $ 29,847 $ 86,928 Exploration and evaluation expenditures 3,705 8,233 2,339 3,291 2,363 2,939 1,337 3,593 27,800 Impairment — — — (13,787 ) (9,398 ) — (5,987 ) — (29,172 ) Transfer to producing properties — (1,694 ) (1,900 ) — — — — — (3,594 ) At December 31, 2018 $ 3,705 $ 14,316 $ 5,660 $ 3,486 $ 3,082 $ 12,538 $ 5,735 $ 33,440 $ 81,962 Exploration and evaluation expenditures 7,450 11,738 2,164 3,862 2,484 1,751 — 1,032 30,481 Change in decommissioning liabilities (Note 22) — — — — — — — 238 238 Impairment (Note 18) — — (1,061 ) — — — — — (1,061 ) Transfer to producing properties (2,456 ) (7,462 ) (5,659 ) — — — — — (15,577 ) At December 31, 2019 $ 8,699 $ 18,592 $ 1,104 $ 7,348 $ 5,566 $ 14,289 $ 5,735 $ 34,710 $ 96,043 (a) San Dimas Silver/Gold Mine, Durango State The San Dimas Mine has a gold and silver streaming agreement with WPMI which entitles WPMI to receive 25% 70 1 $600 1% May 2019) (b) Santa Elena Silver/Gold Mine, Sonora State The Santa Elena Mine has a gold streaming agreement with Sandstorm, which requires the mine to sell 20% $450 1% April 2018, In December 2016, 5,802 $1.6 four 2.5% $1.4 $0.7 $0.7 December 2020. December 31, 2019, $0.9

Note 16 - Property, Plant and E

Note 16 - Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of property, plant and equipment [text block]	16. The majority of the Company's property, plant and equipment is used in the Company's operating mine segments. Property, plant and equipment is depreciated using either the straight-line or units-of-production method over the shorter of the estimated useful life of the asset or the expected life of mine. Where an item of property, plant and equipment comprises of major components with different useful lives, the components are accounted for as separate items of property, plant and equipment. Assets under construction are recorded at cost and re-allocated to land and buildings, machinery and equipment or other when they become available for use. Property, plant and equipment are comprised of the following: Land and Buildings (1) Machinery and Equipment Assets under Construction Other Total Cost At December 31, 2017 $ 134,398 $ 341,899 $ 21,949 $ 14,711 $ 512,957 Additions 9 4,411 28,669 621 33,710 Acquisition of Primero (Note 4) 40,404 70,064 7,169 5,178 122,815 Transfers and disposals 3,053 14,488 (22,114 ) 2,900 (1,673 ) At December 31, 2018 $ 177,864 $ 430,862 $ 35,673 $ 23,410 $ 667,809 Additions — 1,991 44,709 521 47,221 Transfers and disposals 20,548 23,802 (52,737 ) 507 (7,880 ) At December 31, 2019 $ 198,412 $ 456,655 $ 27,645 $ 24,438 $ 707,150 Accumulated depreciation, amortization and impairment At December 31, 2017 $ (86,404 ) $ (223,353 ) $ — $ (11,148 ) $ (320,905 ) Depreciation and amortization (8,215 ) (36,650 ) — (1,777 ) (46,642 ) Transfers and disposals — 1,464 — 48 1,512 Impairment (Note 18) (16,639 ) (33,420 ) — (631 ) (50,690 ) At December 31, 2018 $ (111,258 ) $ (291,959 ) $ — $ (13,508 ) $ (416,725 ) Depreciation and amortization (4,980 ) (23,829 ) — (2,122 ) (30,931 ) Transfers and disposals 271 5,189 — 459 5,919 Impairment (Note 18) (13,073 ) (15,701 ) — — (28,774 ) At December 31, 2019 $ (129,040 ) $ (326,300 ) $ — $ (15,171 ) $ (470,511 ) Carrying values At December 31, 2018 $ 66,606 $ 138,903 $ 35,673 $ 9,902 $ 251,084 At December 31, 2019 $ 69,372 $ 130,355 $ 27,645 $ 9,267 $ 236,639 ( 1 $11.5 December 31, 2018 $11.5 not Property, plant and equipment, including land and buildings, machinery and equipment, assets under construction and other assets above are allocated by mine as follow: San Dimas Santa Elena La Encantada La Parrilla Del Toro San Martin La Guitarra Other Total Cost At December 31, 2017 $ — $ 73,684 $ 124,198 $ 96,491 $ 117,201 $ 47,541 $ 28,115 $ 25,727 $ 512,957 Additions 5,750 3,066 8,812 2,564 3,016 2,375 1,296 6,831 33,710 Acquisition of Primero (Note 4) 122,815 — — — — — — — 122,815 Transfers and disposals (802 ) (79 ) (864 ) (9 ) 1,311 1,784 (2,648 ) (366 ) (1,673 ) At December 31, 2018 $ 127,763 $ 76,671 $ 132,146 $ 99,046 $ 121,528 $ 51,700 $ 26,763 $ 32,192 $ 667,809 Additions 10,465 4,453 5,066 1,379 667 1,027 — 24,164 47,221 Transfers and disposals (1,925 ) 9,638 90 (4,104 ) (47 ) (409 ) (310 ) (10,813 ) (7,880 ) At December 31, 2019 $ 136,303 $ 90,762 $ 137,302 $ 96,321 $ 122,148 $ 52,318 $ 26,453 $ 45,543 $ 707,150 Accumulated depreciation, amortization and impairment At December 31, 2017 $ — $ (28,898 ) $ (80,269 ) $ (52,984 ) $ (93,579 ) $ (27,789 ) $ (21,654 ) $ (15,732 ) $ (320,905 ) Depreciation and amortization (8,179 ) (8,397 ) (9,646 ) (8,489 ) (3,761 ) (4,388 ) (2,161 ) (1,621 ) (46,642 ) Transfers and disposals 634 288 829 92 (804 ) (1,150 ) 1,546 77 1,512 Impairment (Note 18) — — — (30,062 ) (17,609 ) — (3,019 ) — (50,690 ) At December 31, 2018 $ (7,545 ) $ (37,007 ) $ (89,086 ) $ (91,443 ) $ (115,753 ) $ (33,327 ) $ (25,288 ) $ (17,276 ) $ (416,725 ) Depreciation and amortization (12,355 ) (6,989 ) (5,278 ) (561 ) (458 ) (3,359 ) — (1,931 ) (30,931 ) Transfers and disposals 153 1,021 572 3,406 65 411 117 174 5,919 Impairment (Note 18) — — (28,774 ) — — — — — (28,774 ) At December 31, 2019 $ (19,747 ) $ (42,975 ) $ (122,566 ) $ (88,598 ) $ (116,146 ) $ (36,275 ) $ (25,171 ) $ (19,033 ) $ (470,511 ) Carrying values At December 31, 2018 $ 120,218 $ 39,664 $ 43,060 $ 7,603 $ 5,775 $ 18,373 $ 1,475 $ 14,916 $ 251,084 At December 31, 2019 $ 116,556 $ 47,787 $ 14,736 $ 7,723 $ 6,002 $ 16,043 $ 1,282 $ 26,510 $ 236,639

Note 17 - Right-of-use Assets

Note 17 - Right-of-use Assets	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of right-of-use assets [text block]	17. The Company entered into operating leases to use certain land, building, mining equipment and corporate equipment for its operations. Upon the adoption of IFRS 16, January 1, 2019 ( 2 Right-of-use asset is initially measured at cost, equivalent to its obligation for payments over the term of the leases, and subsequently measured at cost less accumulated depreciation and impairment losses. Depreciation is recorded on a straight-line basis over the shorter period of lease term and useful life of the underlying asset. Right-of-use assets are comprised of the following: Land and Buildings Machinery and Equipment Other Total At December 31, 2018 $ — $ — $ — $ — Initial adoption of IFRS 16 (Note 3) 2,624 1,036 22 3,682 Additions 571 14,132 — 14,703 Remeasurements 1,686 232 — 1,918 Depreciation and amortization (674 ) (1,286 ) (7 ) (1,967 ) Impairment (Note 18) — (6,302 ) — (6,302 ) At December 31, 2019 $ 4,207 $ 7,812 $ 15 $ 12,034

Note 18 - Impairment of Non-cur

Note 18 - Impairment of Non-current Assets	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of impairment of assets [text block]	18. During the year ended December 31, 2019, • La Encantada - a decrease in economics of the roaster project and mine plan; • San Martin - a decrease in Reserves and Resources and suspension of operations due to security concerns; and • Del Toro - management's decision in January 2020 Based on the Company’s assessment, the Company concluded that the La Encantada mine had estimated recoverable value, based on its FVLCD, below its carrying value and impairment charge was required: Year Ended December 31, 2019 2018 La Encantada Silver Mine $ 58,739 $ — La Parrilla Silver Mine — 111,750 Del Toro Silver Mine — 56,278 La Guitarra Silver Mine — 31,660 Impairment of non-current assets $ 58,739 $ 199,688 Deferred income tax recovery (6,300 ) (48,588 ) Impairment of non-current assets, net of tax $ 52,439 $ 151,100 The impairment charge recognized for the year ended December 31, 2019 Mining interests Producing Exploration Right of use assets Property, plant and equipment Total La Encantada Silver Mine $ 22,602 $ 1,061 $ 6,302 $ 28,774 $ 58,739 Impairment of non-current assets $ 22,602 $ 1,061 $ 6,302 $ 28,774 $ 58,739 The impairment charge recognized for the year ended December 31, 2018 Mining interests Producing Exploration Property, plant and equipment Total La Parrilla $ 67,901 $ 13,787 $ 30,062 $ 111,750 Del Toro Silver Mine 29,271 9,398 17,609 56,278 La Guitarra Silver Mine 22,654 5,987 3,019 31,660 Impairment of non-current assets $ 119,826 $ 29,172 $ 50,690 $ 199,688 Recoverable values are determined based on fair market value of the asset and estimated using internal discounted cash flow economic models projected using management’s best estimate of recoverable mineral reserves and resources, future operating costs, capital expenditures and long-term foreign exchange rates. Metal price assumptions used to determine the recoverable amounts for the years ended December 31, 2019 2018 December 31, 2019 December 31, 2018 Commodity Prices 2020-2023 Average Long-term 2019-2022 Long-term Silver (per ounce) $ 18.84 $ 19.50 $ 17.23 $ 18.50 Gold (per ounce) $ 1,536 $ 1,416 $ 1,318 $ 1,350 Lead (per pound) n/a n/a $ 0.99 $ 1.00 Zinc (per pound) n/a n/a $ 1.19 $ 1.19 A discount rate of 4.5% 2018 6.5% December 31, 2019 The internal discounted cash flow economic models used to determine FVLCD are significantly affected by changes in key assumptions for future metal prices, capital expenditures, production cost estimates, discount rates and price to net asset value multiples. Management’s estimate of FVLCD is classified as level 3 no December 31, 2019.

Note 19 - Trade and Other Payab

Note 19 - Trade and Other Payables	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of trade and other payables [text block]	19. The Company’s trade and other payables are primarily comprised of amounts outstanding for purchases relating to mining operations, exploration and evaluation activities and corporate expenses. The normal credit period for these purchases is usually between 30 90 Trade and other payables are comprised of the following items: December 31, December 31, Trade payables $ 23,984 $ 26,420 Trade related accruals 12,314 9,351 Payroll and related benefits 19,059 11,255 Environmental duty 1,483 1,536 Other accrued liabilities 2,283 1,621 $ 59,123 $ 50,183

Note 20 - Debt Facilities

Note 20 - Debt Facilities	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of debt instruments [text block]	20. The movement in debt facilities during the years ended December 31, 2019 2018, Convertible Debentures (a) Revolving Credit Facility (b) Scotia Debt Facilities Primero Debt Facilities Total Balance at December 31, 2017 $ — $ — $ 31,769 $ — $ 31,769 Net proceeds from convertible debentures 151,079 — — — 151,079 Portion allocated to equity reserves (26,252 ) — — — (26,252 ) Net proceeds from revolving credit facility — 34,006 — — 34,006 Acquisition of Primero (Note 4) — — — 106,111 106,111 Finance costs Interest expense 2,738 1,170 529 — 4,437 Accretion 4,978 419 555 — 5,952 Repayments of principal — (16,000 ) (32,072 ) (106,111 ) (154,183 ) Payments of finance costs (1,736 ) (890 ) (781 ) — (3,407 ) Balance at December 31, 2018 $ 130,807 $ 18,705 $ — $ — $ 149,512 Finance costs Interest expense 2,975 1,498 — — 4,473 Accretion 5,758 654 — — 6,412 Payments of finance costs (2,933 ) (1,646 ) — — (4,579 ) Balance at December 31, 2019 $ 136,607 $ 19,211 $ — $ — $ 155,818 Statements of Financial Position Presentation Current portion of debt facilities $ 1,002 $ 279 $ — $ — $ 1,281 Debt facilities 129,805 18,426 — — 148,231 Balance at December 31, 2018 $ 130,807 $ 18,705 $ — $ — $ 149,512 Current portion of debt facilities $ 1,043 $ 132 $ — $ — $ 1,175 Debt facilities 135,564 19,079 — — 154,643 Balance at December 31, 2019 $ 136,607 $ 19,211 $ — $ — $ 155,818 (a) Convertible Debentures During the first 2018, $156.5 $151.1 $5.4 March 1, 2023 1.875% March September The Notes are convertible into common shares of the Company at any time prior to maturity at a conversion rate of 104.3297 $1,000 $9.59 may The Company may not March 6, 2021 March 6, 2021 may 20 30 130% 100% The Company is required to offer to purchase for cash all of the outstanding Notes upon a fundamental change, at a cash purchase price equal to 100% The component parts of the convertible debentures, a compound instrument, are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangement and the definitions of a financial liability and an equity instrument. A conversion option that will be settled by the exchange of a fixed amount of cash or another financial asset for a fixed number of the Company's own equity instrument is an equity instrument. At initial recognition, net proceeds of $151.1 $124.8 five 6.14%. 6.47% The conversion option is classified as equity and was estimated based on the residual value of $26.3 not $7.1 Transaction costs of $5.4 (b) Revolving Credit Facility On May 10, 2018, $75.0 third 2.25% 3.5% 0.5625% 0.875%, December 31, 2019, 4.5% 0.6875%, These debt facilities are guaranteed by certain subsidiaries of the Company and are also secured by a first first The Revolving Credit Facility includes financial covenants, to be tested quarterly on a consolidated basis, requiring First Majestic to maintain the following: (a) a leverage ratio based on total debt to rolling four not 3.00 1.00; four not 4.00 1.00; not $563.5 50% June 30, 2018. $30.0 December 31, 2019 December 31, 2018,

Note 21 - Lease Liabilities

Note 21 - Lease Liabilities	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of leases liabilities [text block]	21. The Company has finance leases, operating leases and equipment financing liabilities for various mine and plant equipment, office space and land. Finance leases and equipment financing obligations require underlying assets to be pledged as security against the obligations and all of the risks and rewards incidental to ownership of the underlying asset being transferred to the Company. For operating leases, the Company controls but does not Lease liabilities are initially measured at the present value of the lease payments that are not Certain lease agreements may The movement in lease liabilities during the years ended December 31, 2019 2018 Finance Leases (a) Operating Leases (b) Equipment Financing (c) Total Balance at December 31, 2017 $ 2,109 $ — $ 7,196 $ 9,305 Finance costs 80 — 444 524 Repayments of principal (1,700 ) — (1,846 ) (3,546 ) Payments of finance costs (80 ) — (356 ) (436 ) Balance at December 31, 2018 $ 409 $ — $ 5,438 $ 5,847 Initial adoption of IFRS 16 (Note 2) — 3,682 — 3,682 Additions — 14,706 — 14,706 Remeasurements — 1,918 — 1,918 Finance costs 18 789 335 1,142 Repayments of principal (359 ) (2,395 ) (2,459 ) (5,213 ) Payments of finance costs (18 ) — (379 ) (397 ) Foreign exchange loss — 251 — 251 Balance at December 31, 2019 $ 50 $ 18,951 $ 2,935 $ 21,936 Statements of Financial Position Presentation Current portion of lease liabilities $ 352 $ — $ 2,552 $ 2,904 Lease liabilities 57 — 2,886 2,943 Balance at December 31, 2018 $ 409 $ — $ 5,438 $ 5,847 Current portion of lease liabilities $ 50 $ 4,518 $ 2,352 $ 6,920 Lease liabilities — 14,433 583 15,016 Balance at December 31, 2019 $ 50 $ 18,951 $ 2,935 $ 21,936 (a) Finance Leases From time to time, the Company purchases equipment under finance leases, with terms ranging from 24 48 6.9% 7.5%. As at December 31, 2019, $0.3 December 31, 2018 $0.6 (b) Operating Leases Upon the adoption of IFRS 16, $3.7 January 1, 2019, During the year ended December 31, 2019, Year Ended December 31, 2019 Expenses relating to short-term leases $ 42,994 Expenses relating to variable lease payments not included in the measurement of lease liability 14,241 $ 57,235 These operating leases have remaining lease terms of one ten 5.8% 11.2%. (c) Equipment Financing During 2017, $7.9 12 16 4.60%. four December 31, 2019 December 31, 2018, As at December 31, 2019, $3.3 December 31, 2018 $4.6

Note 22 - Decommissioning Liabi

Note 22 - Decommissioning Liabilities	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of decommissioning liability explanatory [text block]	22. The Company has an obligation to undertake decommissioning, restoration, rehabilitation and environmental work when environmental disturbance is caused by the development and ongoing production of a mining operation. Movements in decommissioning liabilities during the years ended December 31, 2019 2018 San Dimas Santa Elena La Encantada San Martin La Parrilla Del Toro La Guitarra La Luz Total Balance at December 31, 2017 $ — $ 2,730 $ 3,317 $ 2,488 $ 3,002 $ 2,545 $ 1,692 $ 302 $ 16,076 Movements during the year: Acquisition of Primero 4,095 — — — — — — — 4,095 Change in rehabilitation provision 4,092 (633 ) 3,122 — — — — — 6,581 Reclamation costs incurred — — — — (2 ) (259 ) (203 ) — (464 ) Interest or accretion expense 225 221 269 204 243 208 125 — 1,495 Foreign exchange loss — 3 1 2 2 4 1 — 13 Balance at December 31, 2018 $ 8,412 $ 2,321 $ 6,709 $ 2,694 $ 3,245 $ 2,498 $ 1,615 $ 302 $ 27,796 Movements during the year: Change in rehabilitation provision 301 2,338 500 4,051 696 945 469 238 9,538 Reclamation costs incurred — — — — — — (104 ) — (104 ) Interest or accretion expense 744 207 592 237 282 219 129 — 2,410 Foreign exchange loss (15 ) 105 311 121 114 107 69 76 888 Balance at December 31, 2019 $ 9,442 $ 4,971 $ 8,112 $ 7,103 $ 4,337 $ 3,769 $ 2,178 $ 616 $ 40,528 A provision for decommissioning liabilities is estimated based on current regulatory requirements and is recognized at the present value of such costs. The expected timing of cash flows in respect of the provision is based on the estimated life of the Company's mining operations. The discount rate is a risk-free rate determined based on Mexican pesos default swap rates ranging between 6.6% 6.8% 2018 8.6% 9.3% The inflation rate used is based on historical Mexican inflation rate of 4.0% 2018 3.8% may

Note 23 - Income Taxes

Note 23 - Income Taxes	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of income tax [text block]	23. The following is a reconciliation of income taxes calculated at the combined Canadian federal and provincial statutory tax rate to the income tax expense for the year ended December 31, 2019 2018: Year Ended December 31, 2019 2018 Loss before tax $ (39,024 ) $ (263,047 ) Combined statutory tax rate 27.00 % 27.00 % Income tax recovery computed at statutory tax rate (10,536 ) (71,023 ) Reconciling items: Effect of different foreign statutory tax rates on earnings of subsidiaries (24,320 ) (15,309 ) Impact of foreign exchange on deferred income tax assets and liabilities (10,194 ) 13,807 Change in unrecognized deferred income tax asset 30,399 39,765 7.5% mining royalty in Mexico (814 ) (8,225 ) Other non-deductible expenses 3,256 834 Impact of inflationary adjustments (2,412 ) 51 Change in tax provision estimates 23,987 8,258 Impact of post acquisition Primero restructure — (20,024 ) Other (7,916 ) (7,017 ) Income tax expense (recovery) $ 1,450 $ (58,883 ) Statements of (Loss) Earnings Presentation Current income tax expense $ 16,423 $ 2,148 Deferred income tax recovery (14,973 ) (61,031 ) Income tax expense (recovery) $ 1,450 $ (58,883 ) Effective tax rate (4 %) 22 % During the years ended December 31, 2019 2018, Deferred tax assets Losses Provisions Deferred tax asset not recognized Other Total At December 31, 2017 $ 86,552 $ 10,115 $ (29,036 ) $ 815 $ 68,446 Benefit (expense) to income statement 17,702 6,393 (39,312 ) 2,741 (12,476 ) Acquisition of Primero (Note 4) 14,139 — — — 14,139 At December 31, 2018 $ 118,393 $ 16,508 $ (68,348 ) $ 3,556 $ 70,109 Benefit (expense) to income statement 8,079 6,379 (32,156 ) 4,295 (13,403 ) Charged to equity — — — 994 994 At December 31, 2019 $ 126,472 $ 22,887 $ (100,504 ) $ 8,845 $ 57,700 Deferred tax liabilities Property, plant and equipment and mining interests Effect of Mexican tax deconsolidation Non-current portion of income taxes payable Other Total At December 31, 2017 $ 95,696 $ 9,544 $ — $ 22,884 $ 128,124 (Benefit) expense to income statement (63,314 ) 488 1,752 (14,077 ) (75,151 ) Acquisition of Primero (Note 4) 33,000 — — 20,024 53,024 Charged to equity — — — 7,105 7,105 Reclassed to current income taxes payable — (3,288 ) — — (3,288 ) At December 31, 2018 $ 65,382 $ 6,744 $ 1,752 $ 35,936 $ 109,814 (Benefit) expense to income statement (32,381 ) 498 13,220 (2,891 ) (21,554 ) Reclassed to current income taxes payable — (2,813 ) — — (2,813 ) At December 31, 2019 $ 33,001 $ 4,429 $ 14,972 $ 33,045 $ 85,447 Statements of Financial Position Presentation Deferred tax assets $ 50,938 Deferred tax liabilities 90,643 At December 31, 2018 $ 39,705 Deferred tax assets $ 51,141 Deferred tax liabilities 78,888 At December 31, 2019 $ 27,747 At December 31, 2019, $51.1 2018 $50.9 2019 2018, The aggregate amount of taxable temporary differences associated with investments in subsidiaries for which deferred taxes have not December 31, 2019 $379.3 2018 $142.3 As at December 31, 2019 2018, not Year of expiry Canadian non-capital losses Swiss non-capital losses Mexican non-capital losses December 31, 2019 December 31, 2018 2019 $ — $ — $ — $ — $ 1,726 2020 — — 544 544 274 2021 — 3,166 4,659 7,825 10,402 2022 — — 4,060 4,060 3,719 2023 — — 2,213 2,213 1,763 2024 — — 39,319 39,319 36,214 2025 — — 51,911 51,911 91,844 2026 — — 113,630 113,630 105,683 2027 — — 56,760 56,760 52,654 2028 — — 99,315 99,315 68,546 2029 and after 22,209 — 89,754 111,963 18,263 Total $ 22,209 $ 3,166 $ 462,165 $ 487,540 $ 391,088 Unrecognized losses $ — $ — $ 208,253 $ 208,253 $ 147,697

Note 24 - Share Capital

Note 24 - Share Capital	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of issued capital [text block]	24. (a) Authorized and issued capital The Company has unlimited authorized common shares with no In May 2018, 27,333,363 $6.84 CAD$8.80 4 In December 2018, August 2019, may, $100.0 44 102 December 31, 2019, 11,172,982 $7.55 $84.4 $81.9 1,277,838 $10.81 $13.8 (b) Stock options Under the terms of the Company’s 2019 8% may ten not 25% first 25% six The following table summarizes information about stock options outstanding as at December 31, 2019: Options Outstanding Options Exercisable Exercise prices (CAD$) Number of Weighted Average Exercise Price (CAD $/Share) Weighted Average Remaining Life (Years) Number of Weighted Average Exercise Price (CAD $/Share) Weighted Average Remaining Life (Years) 4.69 - 5.00 906,082 4.79 1.01 906,082 4.79 1.01 5.01 - 10.00 3,795,640 8.38 8.08 719,766 8.55 6.53 10.01 - 15.00 2,585,602 11.26 3.37 2,148,102 11.10 2.11 15.01 - 20.00 100,000 16.06 1.65 100,000 16.06 1.65 20.01 - 126.01 196,115 72.69 1.28 196,115 72.69 1.28 7,583,439 10.70 5.37 4,070,065 12.33 2.60 The movements in stock options issued during the years ended December 31, 2019 2018 Year Ended Year Ended December 31, 2019 December 31, 2018 Number of Options Weighted Average Exercise Price (CAD $/Share) Number of Weighted Average Exercise Price (CAD $/Share) Balance, beginning of the year 9,266,098 10.76 9,431,737 9.35 Granted 2,601,680 8.83 2,552,796 15.95 Exercised (2,918,518 ) 7.54 (973,948 ) 5.28 Cancelled or expired (1,365,821 ) 14.31 (1,744,487 ) 13.78 Balance, end of the year 7,583,439 10.70 9,266,098 10.76 During the year ended December 31, 2019, $8.5 December 31, 2018 $7.8 $3.26 December 31, 2018 - $3.07 The following weighted average assumptions were used in estimating the fair value of stock options granted using the Black-Scholes Option Pricing Model: Year Ended Year Ended Assumption Based on December 31, 2019 December 31, 2018 Risk-free interest rate (%) Yield curves on Canadian government zero- coupon bonds with a remaining term equal to the stock options’ expected life 2.01 1.87 Expected life (years) Average of the expected vesting term and expiry term of the option 5.80 5.40 Expected volatility (%) Historical and implied volatility of the precious metals mining sector 51.29 58.70 Expected dividend yield (%) Annualized dividend rate as of the date of grant — — The weighted average closing share price at date of exercise for the year ended December 31, 2019 CAD$12.81 December 31, 2018 CAD$8.86 (c) Restricted Share Units The Company adopted the 2019 three The associated compensation cost is recorded as share-based payments expense against equity reserves. The following table summarizes the changes in RSU's for the year ended December 31, 2019: Year Ended December 31, 2019 Number of shares Weighted Outstanding, beginning of the year — $ — Granted 274,520 7.29 Settled (145,576 ) 7.29 Forfeited — — Outstanding, end of the year 128,944 $ 7.29 (d) Delisting from the Mexican Stock Exchange On February 21, 2018, December 31, 2018, 14,343 $0.1

Note 25 - Financial Instruments

Note 25 - Financial Instruments and Related Risk Management	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of financial risk management [text block]	25. The Company’s financial instruments and related risk management objectives, policies, exposures and sensitivity related to financial risks are summarized below. (a) Fair value and categories of financial instruments Financial instruments included in the consolidated statements of financial position are measured either at fair value or amortized cost. Estimated fair values for financial instruments are designed to approximate amounts for which the instruments could be exchanged in an arm’s-length transaction between knowledgeable and willing parties. The Company uses various valuation techniques in determining the fair value of financial assets and liabilities based on the extent to which the fair value is observable. The following fair value hierarchy is used to categorize and disclose the Company’s financial assets and liabilities held at fair value for which a valuation technique is used: Level 1: Level 2: Level 3: not The table below summarizes the valuation methods used to determine the fair value of each financial instrument: Financial Instruments Measured at Fair Value Valuation Method Trade receivables (related to concentrate sales) Receivables that are subject to provisional pricing and final price adjustment at the end of the quotational period are estimated based on observable forward price of metal per London Metal Exchange (Level 2 Marketable securities Based on quoted market prices for identical assets in an active market (Level 1 Silver futures derivatives Foreign exchange derivatives Financial Instruments Measured at Amortized Cost Valuation Method Cash and cash equivalents Approximated carrying value due to their short-term nature Trade and other receivables Trade and other payables Debt facilities Assumed to approximate carrying value as discount rate on these instruments approximate the Company's credit risk. The following table presents the Company’s fair value hierarchy for financial assets and financial liabilities that are measured at fair value: December 31, 2019 December 31, 2018 Fair value measurement Fair value measurement Carrying value Level 1 Level 2 Carrying value Level 1 Level 2 Financial assets Trade receivables $ 1,182 $ — $ 1,182 $ 2,559 $ — $ 2,559 Marketable securities (Note 14) 6,506 6,506 — 6,420 6,420 — Silver futures derivatives (Note 14) — — — 2,038 2,038 — Foreign exchange derivatives 982 982 — — — — There were no 1, 2 3 December 31, 2019 2018. (b) Capital risk management The Company’s objectives when managing capital are to maintain financial flexibility to continue as a going concern while optimizing growth and maximizing returns of investments from shareholders. The Company monitors its capital structure and, based on changes in operations and economic conditions, may (b) Capital risk management The capital of the Company consists of equity (comprising of issued capital, equity reserves and retained earnings or accumulated deficit), debt facilities, lease liabilities, net of cash and cash equivalents as follows: December 31, December 31, Equity $ 662,321 $ 594,573 Debt facilities 155,818 149,512 Lease liabilities 21,936 5,847 Less: cash and cash equivalents (169,009 ) (57,013 ) $ 671,066 $ 692,919 The Company’s investment policy is to invest its cash in highly liquid short-term investments with maturities of 90 12 The Company is not 20 21 December 31, 2019 December 31, 2018, (c) Financial risk management The Company thoroughly examines the various financial instruments and risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may Credit Risk Credit risk is the risk of financial loss if a customer or counterparty fails to meet its contractual obligations. The Company’s credit risk relates primarily to trade receivables in the ordinary course of business, value added taxes receivable and other receivables. As at December 31, 2019, $29.6 2018 $59.7 2019. three six The Company sells and receives payment upon delivery of its silver doré and by-products primarily through three three 60 not The carrying amount of financial assets recorded in the consolidated financial statements represents the Company’s maximum exposure to credit risk. With the exception to the above, the Company believes it is not Liquidity Risk Liquidity risk is the risk that the Company will not The following table summarizes the maturities of the Company’s financial liabilities as at December 31, 2019 Carrying Amount Contractual Cash Flows Less than 1 year 2 to 3 years 4 to 5 years After 5 years Trade and other payables $ 59,123 $ 59,123 $ 59,123 $ — $ — $ — Debt facilities 155,818 188,439 4,209 26,263 157,967 — Lease liabilities 21,936 22,561 6,829 7,778 7,954 — Other liabilities 4,675 4,405 — — — 4,405 $ 241,552 $ 274,528 $ 70,161 $ 34,041 $ 165,921 $ 4,405 At December 31, 2019, $171.1 December 31, 2018 $108.1 December 31, 2019 $226.2 $55.0 12 Currency Risk The Company is exposed to foreign exchange risk primarily relating to financial instruments that are denominated in Canadian dollars or Mexican pesos, which would impact the Company’s net earnings or loss. To manage foreign exchange risk, the Company may The sensitivity of the Company’s net earnings or loss and comprehensive income or loss due to changes in the exchange rate between the Canadian dollar and the Mexican peso against the U.S. dollar is included in the table below: December 31, 2019 Cash and cash equivalents Trade and other receivables Value added taxes receivable Other financial assets Trade and other payables Foreign exchange derivative Net assets (liabilities) exposure Effect of +/- 10% change in currency Canadian dollar $ 14,182 $ 56 $ — $ 3,010 $ (1,529 ) $ — $ 15,719 $ 1,572 Mexican peso 9,000 — 20,700 — (33,635 ) 27,000 23,065 2,307 $ 23,182 $ 56 $ 20,700 $ 3,010 $ (35,164 ) $ 27,000 $ 38,784 $ 3,878 Commodity Price Risk The Company is exposed to commodity price risk on silver, gold, lead and zinc, which have a direct and immediate impact on the value of its related financial instruments and net earnings. The Company’s revenues are directly dependent on commodity prices that have shown volatility and are beyond the Company’s control. The Company does not The following table summarizes the Company’s exposure to commodity price risk and their impact on net earnings: December 31, 2019 Effect of +/- 10% change in metal prices Silver Gold Lead Total Metals subject to provisional price adjustments $ 65 $ — $ 38 $ 103 Metals in doré and concentrates inventory 90 238 6 334 $ 155 $ 238 $ 44 $ 437 Interest Rate Risk The Company is exposed to interest rate risk on its short-term investments, debt facilities and lease liabilities. The Company monitors its exposure to interest rates and has not As at December 31, 2019, Based on the Company’s interest rate exposure at December 31, 2019, 25 not

Note 26 - Supplemental Cash Flo

Note 26 - Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of cash flow statement [text block]	26. Year Ended December 31, Note 2019 2018 Adjustments to reconcile net earnings to operating cash flows before movements in working capital: Unrealized foreign exchange loss and other $ 273 $ 659 Unrealized (gain) loss from marketable securities and silver futures derivatives (1,765 ) 4,435 $ (1,492 ) $ 5,094 Net change in non-cash working capital items: Decrease in trade and other receivables $ 1,304 $ 771 Decrease (increase) in value added taxes receivable 30,028 (17,173 ) Decrease in inventories 2,829 2,015 Decrease in prepaid expenses and other 776 549 Decrease in income taxes payable (6,569 ) (941 ) Increase (decrease) in trade and other payables 8,959 (6,388 ) $ 37,327 $ (21,167 ) Non-cash investing and financing activities: Transfer of share-based payments reserve upon settlement of RSUs $ 988 $ — Transfer of share-based payments reserve upon exercise of options $ 5,986 $ 967 Settlement of liabilities $ — $ (500 ) As at December 31, 2019, $5.2 2018 $4.9 12

Note 27 - Contingencies and Oth

Note 27 - Contingencies and Other Matters	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of contingent liabilities [text block]	27. Due to the size, complexity and nature of the Company’s operations, various legal and tax matters arise in the ordinary course of business. The Company accrues for such items when a liability is probable and the amount can be reasonably estimated. In the opinion of management, these matters will not Claims and Legal Proceedings Risks The Company is subject to various claims and legal proceedings covering a wide range of matters that arise in the ordinary course of business activities. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may may may may Although the Company has taken steps to verify ownership and legal title to mineral properties in which it has an interest, according to the usual industry standards for the stage of mining, development and exploration of such properties, these procedures do not may may not Primero Tax Rulings Since Primero acquired the San Dimas Mine in August 2010, 100% 6 50% $4.04 1%. In order to reflect commercial realities and the effects of the Old Stream Agreement, for Mexican income tax purposes, PEM recognized the revenue on these silver sales based on its actual realized revenue (“PEM Realized Price”) instead of at spot market prices. To obtain assurances that the Servicio de Administración Tributaria ("SAT") would accept the PEM Realized Price as the proper price to use to calculate Mexican income taxes, Primero applied for and received an Advanced Pricing Agreement (“APA”) from the SAT. The APA confirmed that the PEM Realized Price would be used as Primero’s basis for calculating taxes owed by Primero on the silver sold under the Old Stream Agreement. Primero believed that the function of an APA was to provide tax certainty and as a result made significant investments in Mexico based on that certainty. On October 4, 2012, five 2010 2014. In February 2016, not may 2010 2014. 2010 2018 $188.3 In 2019, 2010 2012 $260.9 third no While the Company continues to vigorously defend the validity of the APA and its transfer pricing position, it is also engaging in various proceedings with the SAT seeking to resolve matters and bring tax certainty through a negotiated solution. Since January 1, 2015, not may one $19.6 December 31, 2019 not To the extent the SAT determines that the appropriate price of silver sales under the Silver Purchase Agreement is significantly different from the realized price and while PEM would have rights of appeal in connection with any reassessments, it is likely to have a material effect on the Company’s business, financial position and results of operations. La Encantada Tax Re-assessments In December 2019, 2012 2013 $8.2 $6.7 no Primero Class Action Suit In July 2016, January 30, 2017. February 27, 2017. July 14, 2017 September 8, 2017. September 17, 2019, 11 29 October 24, 2019. First Silver litigation In April 2013, $93.8 $14.1 June 2013 $62.8 CAD$81.5 no December 31, 2019, not $62.8 CAD$81.5

Note 28 - Subsidiaries

Note 28 - Subsidiaries	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of basis of consolidation [text block]	28. The consolidated financial statements of the Company include the following significant subsidiaries as at December 31, 2019 2018 Name of subsidiary Operations and Projects Location 2019 % Ownership 2018 % Ownership First Majestic Silver Corp. Parent company and bullion sales Canada 100 % 100 % Corporación First Majestic, S.A. de C.V. Holding company Mexico 100 % 100 % Primero Empresa Minera, S.A de C.V. San Dimas Silver/Gold Mine Mexico 100 % 100 % Nusantara de Mexico, S.A. de C.V. Santa Elena Silver/Gold Mine Mexico 100 % 100 % Minera La Encantada, S.A. de C.V. La Encantada Silver Mine Mexico 100 % 100 % La Encantada Procesadora de Minerales, S.A. de C.V. La Encantada Silver Mine Mexico 100 % 100 % First Majestic Plata, S.A. de C.V. La Parrilla Silver Mine Mexico 100 % 100 % Minera El Pilón, S.A. de C.V. San Martin Silver Mine Mexico 100 % 100 % First Majestic Del Toro, S.A. de C.V. Del Toro Silver Mine Mexico 100 % 100 % La Guitarra Compañia Minera, S.A. de C.V. La Guitarra Silver Mine Mexico 100 % 100 % Majestic Services, S.A. de C.V. Service company Mexico 100 % 100 % Santa Elena Oro y Plata, S.A. de C.V. Service company Mexico 100 % 100 % FM Metal Trading (Barbados) Ltd. Metals trading company Barbados 100 % 100 % Silver Trading (Barbados) Ltd. Metals trading company Barbados 100 % 100 % FMS Trading AG Metals trading company Switzerland 100 % 100 %

Note 29 - Key Management Compen

Note 29 - Key Management Compensation	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of transactions between related parties [text block]	29. Year Ended December 31, 2019 2018 Salaries, bonuses, fees and benefits Independent members of the Board of Directors $ 790 $ 702 Other members of key management 4,267 3,212 Share-based payments Independent members of the Board of Directors 439 306 Other members of key management 2,975 2,587 $ 8,471 $ 6,807

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Discloure of Significant Accounting Policies
Description of accounting policy for new and amended IFRS standards [text block]	New and amended IFRS standards that are effective for the current year Leases On January 1, 2019, 16 16" 17 16 16 The Company adopted IFRS 16 no $3.7 17 21 no The Company has elected to apply the available exemptions as permitted by IFRS 16 12 12 In transitioning to IFRS 16, 16, 16 5.8% 12.4%. December 31, 2019, $2.0 $0.8 16 $2.4 $2.4 no Uncertainty over Income Tax Treatments The Company has adopted IFRIC 23 23" January 1, 2019. 23 not In preparing the Company’s consolidated financial statements for the years ended December 31, 2019 2018,
Description of accounting policy for business combinations, explanatory [text block]	Business Combinations Accounting Policy: Acquisitions of businesses are accounted for using the acquisition method. The consideration of each business combination is measured, at the date of the exchange, as the aggregate of the fair value of assets given, liabilities incurred or assumed and equity instruments issued by the Company to the former owners of the acquiree in exchange for control of the acquiree. Acquisition-related costs incurred for the business combination are expensed. The acquiree’s identifiable assets, liabilities and contingent liabilities are recognized at their fair value at the acquisition date. Goodwill arising on acquisition is recognized as an asset and initially measured at cost, being the excess of the consideration of the acquisition over the Company’s interest in the fair value of the net identifiable assets, liabilities and contingent liabilities recognized. If the Company’s interest in the fair value of the acquiree’s net identifiable assets, liabilities and contingent liabilities exceeds the cost of the acquisition, the excess is recognized in earnings or loss immediately. Goodwill may Accounting Estimates and Judgments: Determination of a Business Determination of whether a set of assets acquired and liabilities assumed constitute a business may In 2018, 4 Accounting Estimates and Judgments: Fair Value Estimates In business combinations, it generally requires time to obtain the information necessary to identify and measure the following as of the acquisition date: (i) The identifiable assets acquired and liabilities assumed; (ii) The consideration transferred in exchange for an interest in the acquiree; (iii) The resulting goodwill. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports in its consolidated financial statements provisional amounts for the items for which the accounting is incomplete. During the allowable measurement period, the Company will retrospectively adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognized as of that date. The Company may not not one The purchase consideration for the acquisition of Primero was allocated based on management’s best estimates at the time of the acquisition and no Accounting Estimates and Judgments: Consideration for the Acquisition of Primero Acquisitions of businesses are accounted for using the acquisition method. The consideration of each business combination is measured, at the date of the exchange, as the aggregate of the fair value of assets given, liabilities incurred or assumed and equity instruments issued by the Company to the former owners of the acquiree in exchange for control of the acquiree. In determining the total consideration for the acquisition of Primero, the Company included consideration issued to Wheaton Precious Metals Corp. ("WPM") on the basis that WPM is, in substance, an owner of Primero given the following: (i) The requirement of consent by WPM to a change in control for Primero; (ii) WPM was a guarantor of certain of Primero's debt facilities and also guarantees through the previous stream agreement which would have resulted in WPM having a significant interest in the residual assets of Primero in the event of a bankruptcy or default; and (iii) The plan of arrangement for the acquisition of Primero was contemplated together and neither transactions would have been economical without considering the other. Therefore, management included consideration issued to WPM for the restructuring of the New Stream as part of the consideration for the business combination.
Description of accounting policy for goodwill [text block]	Goodwill Accounting Policy: Goodwill arising on the acquisition of a business is carried at cost as established at the date of the acquisition less accumulated impairment losses, if any. Goodwill is allocated to each of the Company’s cash-generating units that is expected to benefit from the synergies of the acquisition. A cash-generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication that the unit may first not December 31, 2019, $nil 2018 $nil
Description of accounting policy for functional currency [text block]	Foreign Currency Accounting Policy: The consolidated financial statements are presented in U.S. dollars. The individual financial statements of each entity are presented in their functional currency, which is the currency of the primary economic environment in which the entity operates. Transactions in foreign currencies are translated into the entities’ functional currencies at the exchange rates at the date of the transactions. Monetary assets and liabilities of the Company’s operations denominated in a currency other than the U.S. dollar are translated using exchange rates prevailing at the date of the statement of financial position. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates on the dates of the transactions. Revenue and expense items are translated at the exchange rates in effect at the date of the underlying transaction, except for depletion and depreciation related to non-monetary assets, which are translated at historical exchange rates. Exchange differences are recognized in the statements of earnings or loss in the period in which they arise. Accounting Estimates and Judgments: Determination of Functional Currency The functional currency for each of the Company’s subsidiaries is the currency of the primary economic environment in which the entity operates. The Company has determined that the functional currency of each entity is the U.S. dollar. Determination of functional currency may
Description of accounting policy for recognition of revenue [text block]	Revenue Recognition ( Note 6 ) Accounting Policy: The Company's primary product is silver. Other metals, such as gold, lead and zinc, produced as part of the extraction process are considered to be by-products arising from the production of silver. Smelting and refining charges are net against revenue from the sale of metals. Revenue relating to the sale of metals is recognized when control of the metal or related services are transferred to the customer in an amount that reflects the consideration the Company expects to receive in exchange for the metals. When considering whether the Company has satisfied its performance obligation, it considers the indicators of the transfer of control, which include, but are not Accounting Policy: (continued) Metals in doré sold are priced on date of transfer of control. Final weights and assays are adjusted on final settlement which is approximately one one three Revenue from the sale of coins, ingots and bullion is recorded when the products have been shipped and funds have been received. When cash was received from customers prior to shipping of the related finished goods, the amounts are recorded as unearned revenue until the products are shipped. Accounting Estimates and Judgments: Determination of Performance Obligations The Company applied judgment to determine if a good or service that is promised to a customer is distinct based on whether the customer can benefit from the good or service on its own or together with other readily available resources and whether the good or service is separately identifiable. Based on these criteria, the Company determined the primary performance obligation relating to its sales contracts is the delivery of the bullion, doré and concentrates. Shipping and insurance services arranged by the Company for its concentrate sales customers that occur after the transfer of control are also considered to be performance obligations. Accounting Estimates and Judgments: Variable Consideration Variable consideration should only be recognized to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognized will not not The Company applied judgment to determine the amount of variable consideration to be recognized during the period for which the likelihood of significant reversal is low.
Description of accounting policy for measuring inventories [text block]	Inventories ( Note 13 ) Accounting Policy: Mineral inventories, including stockpiled ore, work in process and finished goods, are valued at the lower of weighted average cost and estimated net realizable value. Cost includes all direct costs incurred in production including direct labour and materials, freight, depreciation and amortization and directly attributable overhead costs. Net realizable value is calculated as the estimated price at the time of sale based on prevailing and future metal prices less estimated future production costs to convert the inventories into saleable form. Any write-downs of inventory to net realizable value are recorded as cost of sales. If there is a subsequent increase in the value of inventories, the previous write-downs to net realizable value are reversed to the extent that the related inventory has not Accounting Policy: (continued) Stockpiled ore inventory represents ore that has been extracted from the mine and is available for further processing. Costs added to stockpiled ore inventory are valued based on current mining cost per tonne incurred up to the point of stockpiling the ore and are removed at the weighted average cost per tonne. Stockpiled ore tonnage is verified by periodic surveys and physical counts. Work in process inventory includes precipitates, inventories in tanks and in the milling process. Finished goods inventory includes metals in their final stage of production prior to sale, including primarily doré and dried concentrates at our operations and finished goods in-transit. Materials and supplies inventories are valued at the lower of weighted average cost and net realizable value. Costs include acquisition, freight and other directly attributable costs.
Description of accounting policy for exploration and evaluation expenditures [text block]	Exploration and Evaluation Expenditures ( Note 15 ) Accounting Policy: Exploration and evaluation activity involves the search for mineral resources, the determination of technical feasibility and the assessment of commercial viability of an identified resource. Exploration and evaluation activity includes: • acquiring the rights to explore; • researching and analyzing historical exploration data; • gathering exploration data through topographical, geochemical and geophysical studies; • exploratory drilling, trenching and sampling; • determining and examining the volume and grade of the resource; • surveying transportation and infrastructure requirements; and • compiling pre-feasibility and feasibility studies. Capitalization of exploration and evaluation expenditures commences on acquisition of a beneficial interest or option in mineral rights. Capitalized costs are recorded as mining interests at cost less impairment charges, if applicable. No not The majority of the Company’s exploration and evaluation expenditures focus on mineral deposits in proximity to its existing mining operations. Where the Company is acquiring a new property, the Company makes a preliminary evaluation to determine that the property has significant potential to develop an economic ore body. Exploration and evaluation expenditures are transferred to development or producing mining interests when technical feasibility and commercial viability of the mineral resource have been demonstrated. Factors taken into consideration include: • there is sufficient geological certainty of converting the mineral deposit into proven and probable reserves; • life of mine plan and economic modeling support the economic extraction of such reserves and resources; • for new properties, a scoping study and/or feasibility study demonstrates that the additional reserves and resources will generate a positive economic outcome; and • operating and environmental permits exist or are reasonably assured as obtainable. Exploration and evaluation expenditures remain as exploration mining interests and do not Accounting Estimates and Judgments: Economic recoverability and probability of future economic benefits of exploration, evaluation and development costs Management has determined that exploratory drilling, evaluation, development and related costs incurred which were capitalized have potential future economic benefits and are potentially economically recoverable, subject to impairment analysis. Management uses several criteria in its assessments of economic recoverability and probability of future economic benefit including geologic and metallurgic information, history of conversion of mineral deposits to proven and probable reserves, scoping and feasibility studies, accessible facilities, existing permits and life of mine plans.
Description of accounting policy for mining assets [text block]	Mining Interests ( Note 15 ) Accounting Policy: Exploration, development and field support costs directly related to mining interests are deferred until the property to which they directly relate is placed into production, sold, abandoned or subject to a condition of impairment. The deferred costs are amortized over the useful life of the ore body following commencement of production, or written off if the property is sold or abandoned. Administration costs and other exploration costs that do not Upon commencement of commercial production, mining interests are depleted on a units-of-production basis over the estimated economic life of the mine. In applying the units of production method, depletion is determined using quantity of material extracted from the mine in the period as a portion of total quantity of material to be extracted in current and future periods based on reserves and resources considered to be highly probable to be economically extracted over the life of mine. If no may From time to time, the Company acquires or disposes of properties pursuant to the terms of option agreements. Options are exercisable entirely at the discretion of the optionee with no Accounting Estimates and Judgments: Mineral Reserve and Resource Estimates Mineral reserve and resource estimates affect the determination of recoverable value used in impairment assessments, the depletion and depreciation rates for non-current assets using the units of production method and the expected timing of reclamation and closure expenditures. The figures for mineral reserves and mineral resources are determined in accordance with National Instrument 43 101 43 101" Accounting Estimates and Judgments: Depletion Rate for Mining Interests Depletion expenses are allocated based on estimated useful life of the asset. Should the expected asset life and associated depletion rate differ from the initial estimate, the change in estimate would be made prospectively in the consolidated statements of earnings or loss.
Description of accounting policy for property, plant and equipment [text block]	Property, Plant and Equipment ( Note 16 ) Accounting Policy: Property, plant and equipment are recorded at cost less accumulated depreciation and accumulated impairment losses. The cost of an item of property, plant and equipment includes the purchase price or construction cost, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use, an initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located, and borrowing costs related to the acquisition or construction of qualifying assets. Property, plant and equipment are depreciated using either the straight-line or units-of-production method over the shorter of the estimated useful life of the asset or the expected life of mine. Where an item of property, plant and equipment comprises of major components with different useful lives, the components are accounted for as separate items of property, plant and equipment. Assets under construction are recorded at cost and re-allocated to machinery and equipment when it becomes available for use. Depreciation commences when the asset is in the condition and location necessary for it to operate in the manner intended by management. Depreciation charges on assets that are directly related to mineral properties are allocated to those mineral properties. The Company conducts an annual review of residual balances, useful lives and depreciation methods utilized for property, plant and equipment. Any changes in estimate that arise from this review are accounted for prospectively. Accounting Estimates and Judgments: Commencement of Commercial Production Prior to reaching commercial production levels intended by management, costs incurred are capitalized as part of the related mine or mill and proceeds from mineral sales are offset against costs capitalized. Depletion of capitalized costs for mining properties and depreciation and amortization of property, plant and equipment begin when operating levels intended by management have been reached. Determining when a mine or mill is in the condition necessary for it to be capable of operating in the manner intended by management is a matter of judgment dependent on the specific facts and circumstances. The following factors may • substantially all major capital expenditures have been completed to bring the asset to the condition necessary to operate in the manner intended by management; • the mine or mill has reached a pre-determined percentage of design capacity; • the ability to sustain a pre-determined level of design capacity for a significant period of time (i.e. the ability to process ore continuously at a steady or increasing level); • the completion of a reasonable period of testing of the mine plant and equipment; • the ability to produce a saleable product (i.e. the ability to produce concentrate within required sellable specifications); • the mine or mill has been transferred to operating personnel from internal development groups or external contractors; and • mineral recoveries are at or near the expected production levels. Accounting Estimates and Judgments: Depreciation and Amortization Rates for Property, Plant and Equipment Depreciation and amortization expenses are allocated based on estimated useful life of the asset. Should the expected asset life and associated depreciation rates differ from the initial estimate, the change in estimate would be made prospectively in the consolidated statements of earnings or loss.
Description of accounting policy for borrowing costs [text block]	Borrowing Costs Accounting Policy: Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset that takes a substantial period of time to get ready for its intended use are capitalized as part of the cost of the asset until the asset is substantially ready for its intended use. Other borrowing costs are recognized as an expense in the period incurred. As at December 31, 2019 2018, not
Description of accounting policy for leases [text block]	Right of Use Assets (Note 17 Note 21 ) Accounting Policy: Effective January 1, 2019, 12 The lease liability is initially measured at the present value of the lease payments that are not Lease payments included in the measurement of the lease liability comprise: • fixed lease payments (including in-substance fixed payments), less any lease incentives receivable; • variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; • the amount expected to be payable by the lessee under residual value guarantees; • the exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and • payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. Accounting Policy: The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: • the lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. • the lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which case the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). • a lease contract is modified and the lease modification is not The right-of-use assets comprise of the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. As a practical expedient, IFRS 16 not Prior to January 1, 2019, Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognized immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalized in accordance with the Company’s general policy on borrowing costs.
Description of accounting policy for impairment of assets [text block]	Impairment of Non-Current Assets ( Note 18 ) Accounting Policy: At each statement of financial position date, the Company reviews the carrying amounts of its non-current assets to determine whether there is any indication that those assets are impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. Where the asset does not If the recoverable amount of the asset or CGU is determined to be less than its carrying amount, the carrying amount of the asset or CGU is reduced to its recoverable amount and an impairment loss is recognized as an expense in the consolidated statements of earnings or loss. Recoverable amount is the higher of fair value less costs of disposal (“FVLCD”) and value in use (“VIU”). FVLCD is determined as the amount that would be obtained from the sale of the asset or CGU in an arm’s length transaction between knowledgeable and willing parties. The Company considers the use of a combination of its internal discounted cash flow economic models and in-situ value of reserves, resources and exploration potential of each CGU for estimation of its FVLCD. These cash flows are discounted by an appropriate post-tax discount rate to arrive at a net present value of the asset. VIU is determined as the present value of the estimated cash flows expected to arise from the continued use of the asset or CGU in its present form and its eventual disposal. VIU is determined by applying assumptions specific to the Company’s continued use and does not Where an impairment loss subsequently reverses, the carrying amount of the asset or CGU is increased to the revised estimate of its recoverable amount, so that the increased carrying amount does not no not Accounting Estimates and Judgments: Indications of Impairment and Reversal of Impairment Management considers both external and internal sources of information in assessing whether there are any indications that the Company’s property, plant and equipment and mining interests are impaired or previous impairments should be reversed. External sources of information management considers include changes in the market, economic and legal environment in which the Company operates that are not For exploration and evaluation assets, indications include but are not Fair Value Estimates In determining the recoverable amounts of the Company’s property, plant and equipment and mining interests, management makes estimates of the discounted future cash flows expected to be derived from the Company’s mining properties, costs of disposal of the mining properties and the appropriate discount rate. Reductions in metal price forecasts, increases in estimated future costs of production, increases in estimated future capital expenditures, reductions in the amount of recoverable reserves, resources, and exploration potential, and/or adverse current economics can result in an impairment of the carrying amounts of the Company’s non-current assets. Conversely, favourable changes to the aforementioned factors can result in a reversal of previous impairments.
Description of accounting policy for share-based payment transactions [text block]	Share-based Payment Transactions ( Note 24 ) Accounting Policy: Employees (including directors and officers) of the Company may The Company adopted the 2019 three In situations where equity instruments are issued to non‐employees, the share-based payments are measured at the fair value of goods or services received. If some or all of the goods or services received by the Company as consideration cannot be specifically identified, they are measured at the fair value of the share‐based payment. Accounting Estimates and Judgments: Valuation of Share-based Payments The Company uses the Black-Scholes Option Pricing Model for valuation of share-based payments. Option pricing models require the input of subjective assumptions including expected price volatility, interest rate and forfeiture rate. Changes in the input assumptions can materially affect the fair value estimate and the Company’s earnings and equity reserves.
Description of accounting policy for income tax [text block]	Taxation ( Note 23 ) Accounting Policy: Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case they are recognized in other comprehensive income or directly in equity. Current income tax is based on taxable earnings for the year. The tax rates and tax laws to compute the amount payable are those that are substantively enacted in each tax regime at the date of the statement of financial position. Deferred income tax is recognized, using the liability method, on temporary differences between the carrying value of assets and liabilities in the statement of financial position, unused tax losses, unused tax credits and the corresponding tax bases used in the computation of taxable earnings, based on tax rates and tax laws that are substantively enacted at the date of the statement of financial position and are expected to apply when the related deferred tax asset is realized or the deferred tax liability is settled. Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries, and interests in joint ventures, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not Deferred tax assets are recognized for all deductible temporary differences to the extent that the realization of the related tax benefit through future taxable earnings is probable. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset the current tax assets against the current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. Accounting Estimates and Judgments: Recognition of Deferred Income Tax Assets In assessing the probability of realizing income tax assets recognized, management makes estimates related to expectations of future taxable income, applicable tax opportunities, expected timing of reversals of existing temporary differences and the likelihood that tax positions taken will be sustained upon examination by applicable tax authorities. In making its assessments, management gives additional weight to positive and negative evidence that can be objectively verified. Estimates of future taxable income are based on forecasted cash flows from operations and the application of existing tax laws in each jurisdiction. Forecasted cash flows from operations are based on life of mine projections internally developed, reviewed by management and are consistent with the forecasts utilized for business planning and impairment testing purposes. Weight is attached to tax planning opportunities that are within the Company’s control, and are feasible and implementable without significant obstacles. The likelihood that tax positions taken will be sustained upon examination by applicable tax authorities is assessed based on individual facts and circumstances of the relevant tax position evaluated in light of all available evidence. Where applicable tax laws and regulations are either unclear or subject to ongoing varying interpretations, it is reasonably possible that changes in these estimates can occur that materially affect the amounts of income tax assets recognized. At the end of each reporting period, the Company reassesses recognized and unrecognized income tax assets. Accounting Estimates and Judgments: Tax Contingencies The Company’s operations involve dealing with uncertainties and judgments in the application of tax regulations in multiple jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with tax authorities in various jurisdictions and resolution of disputes arising from tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues based on its estimate of whether, and the extent to which, additional taxes will be due. The Company adjusts these liabilities in light of changing facts and circumstances; however, due to the complexity of some of these uncertainties, the ultimate resolution may
Description of accounting policy for determining components of cash and cash equivalents [text block]	Cash and Cash Equivalents Accounting Policy: Cash in the statement of financial position includes cash on hand and held at banks and cash equivalents include short-term guaranteed investment certificates redeemable within three
Description of accounting policy for financial instruments [text block]	Financial Instruments Accounting Policy: Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the instrument. 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 at fair value through profit or loss (“FVTPL”). The directly attributable transaction costs of financial assets and liabilities classified as at FVTPL are expensed in the period in which they are incurred. Subsequent measurement of financial assets and liabilities depends on the classifications of such assets and liabilities. Accounting Policy: (continued) 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 give rise on specified dates to cash flows 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 effective interest method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. Interest income is recognized using the effective interest method. The Company's financial assets at amortized cost primarily include cash and cash equivalents, trade and other receivables and value added taxes receivable included in other current and non-current financial assets in the Consolidated Statement of Financial Position. Fair value through other comprehensive income ("FVTOCI") Financial assets that meet the following conditions are measured at FVTOCI: • The financial asset is held within a business model whose objective is achieved by both collecting 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. The Company has designated certain investments in marketable securities that are not 14 On initial recognition, the Company may not not Financial assets measured subsequently at fair value through profit or loss (“FVTPL”) By default, all other financial assets, including derivatives, are measured subsequently at FVTPL. The Company, at initial recognition, may 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 they are not 25. Accounting Policy: 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 arrangements 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 recognized at the proceeds received, net of direct issue costs. Repurchase of the Company’s own equity instruments is recognized and deducted directly in equity. No Financial liabilities that are not The Company's financial liabilities at amortized cost primarily include trade and other payables, debt facilities (note 20 21
Description of accounting policy for provisions [text block]	Provisions ( Note 22 ) Accounting Policy: Provisions are recognized when the Company has a present legal or constructive obligation as a result of a past event, it is probable that the Company will be required to settle the obligation, and a reliable estimate of the obligation can be made. The amount recognized as a provision is the present value of the expenditures expected to be required to settle the obligation using a pre-tax discount rate that reflects current market assessment of the time value of money and the risks specific to the obligation. The increase in the provision due to the passage of time is recognized as finance costs. Accounting Estimates and Judgments: Estimated Reclamation and Closure Costs The Company’s provision for decommissioning liabilities represents management’s best estimate of the present value of the future cash outflows required to settle estimated reclamation and closure costs at the end of the mine’s life. The provision reflects estimates of future costs, inflation, movements in foreign exchange rates and assumptions of risks associated with the future cash outflows, and the applicable risk-free interest rates for discounting the future cash outflows. Changes in the above factors can result in a change to the provision recognized by the Company. Changes to reclamation and closure cost obligations are recorded with a corresponding change to the carrying amounts of related mining properties. Adjustments to the carrying amounts of related mining properties can result in a change to future depletion expense.
Description of accounting policy for earnings per share [text block]	Earnings or Loss per Share ( Note 11 ) Accounting Policy: Basic earnings or loss per share for the period is calculated by dividing the earnings or loss attributable to equity holders of the Company by the weighted average number of shares outstanding during the reporting period. Diluted earnings or loss per share is calculated by adjusting the weighted average number of shares outstanding to assume conversion of all potentially dilutive share equivalents, such as stock options and share purchase warrants, and assumes the receipt of proceeds upon exercise of the options to determine the number of shares assumed to be purchased at the average market price during the period.
Disclosure of expected impact of initial application of new standards or interpretations [text block]	Future Changes in Accounting Policies Not December 31, 2019 Amendments to IFRS 3 The amendments clarify that while businesses usually have outputs, outputs are not Additional guidance is provided that helps to determine whether a substantive process has been acquired. The amendments introduce an optional concentration test that permits a simplified assessment of whether an acquired set of activities and assets is not not The amendments are applied prospectively to all business combinations and asset acquisitions for which the acquisition date is on or after the first January 1, 2020, Amendments to IAS 1 8 The amendments are intended to make the definition of material in IAS 1 not The threshold for materiality influencing users has been changed from could influence to could reasonably be expected to influence. The definition of material in IAS 8 1. The amendments are applied prospectively for annual periods beginning on or after January 1, 2020, Amendments to References to the Conceptual Framework in IFRS Standards Together with the revised Conceptual Framework, which became effective upon publication on March 29, 2018, 2, 3, 6, 14, 1, 8, 34, 37, 38, 12, 19, 20, 22, 32. Not 2001, 2010, 2018 not The amendments, where they actually are updates, are effective for annual periods beginning on or after January 1, 2020,

Note 4 - Acquisition of Prime_2

Note 4 - Acquisition of Primero Mining Corp. (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about business combination [text block]	Total Consideration 6,418,594 First Majestic shares to Primero shareholders at $6.84 (CAD$8.80) per share $ 43,903 20,914,590 First Majestic shares to Wheaton Precious Metals Corp. at $6.84 (CAD$8.80) per share 143,056 $ 186,959 Allocation of Purchase Price Cash and cash equivalents $ 3,871 Value added taxes receivable 27,508 Inventories 15,628 Mining interests 178,183 Property, plant and equipment 122,815 Deposit on non-current assets 60 Non-current income taxes receivable 19,342 Other working capital items (23,792 ) Income taxes payable (2,888 ) Debt facilities (106,110 ) Decommissioning liabilities (4,095 ) Other non-current liabilities (4,678 ) Deferred tax liabilities (38,885 ) Net assets acquired $ 186,959

Note 5 - Segmented Information

Note 5 - Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about entity reportable segments, explanatory [text block]	Year Ended December 31, 2019 and 2018 Revenue Cost of sales Depletion, depreciation, and amortization Mine operating earnings (loss) Capital expenditures Mexico San Dimas 2019 $ 185,999 $ 100,120 $ 28,491 $ 57,388 $ 42,511 2018 102,515 60,762 19,052 22,701 20,485 Santa Elena 2019 94,378 53,605 12,204 28,569 23,004 2018 83,116 52,154 12,352 18,610 18,908 La Encantada 2019 50,867 36,609 11,648 2,610 13,225 2018 24,533 30,215 13,955 (19,637 ) 16,938 La Parrilla 2019 14,023 16,152 3,422 (5,551 ) 10,503 2018 29,908 26,758 24,944 (21,794 ) 14,191 Del Toro 2019 7,627 11,615 1,718 (5,706 ) 4,886 2018 17,923 19,170 8,612 (9,859 ) 11,620 San Martin 2019 10,554 13,143 7,022 (9,611 ) 4,869 2018 33,925 22,903 8,608 2,414 9,302 Others 2019 496 902 1,079 (1,485 ) 25,196 2018 9,009 7,200 6,144 (4,335 ) 15,743 Consolidated 2019 $ 363,944 $ 232,146 $ 65,584 $ 66,214 $ 124,194 2018 $ 300,929 $ 219,162 $ 93,667 $ (11,900 ) $ 107,187 At December 31, 2019 and 2018 Mining Interests Property, plant Total Total Producing Exploration and mining assets assets Total liabilities Mexico San Dimas 2019 $ 193,433 $ 8,699 $ 116,556 $ 318,688 $ 375,359 $ 61,476 2018 182,434 3,705 120,218 306,357 368,460 59,990 Santa Elena 2019 45,046 18,592 47,787 111,425 134,666 23,867 2018 33,447 14,316 39,664 87,427 104,955 16,753 La Encantada 2019 23,091 1,104 14,736 38,931 71,255 21,563 2018 39,564 5,660 43,060 88,284 111,887 13,972 San Martin 2019 53,088 14,289 16,043 83,420 87,248 15,987 2018 50,406 12,538 18,373 81,317 92,835 23,386 La Parrilla 2019 20,065 7,348 7,723 35,136 56,270 8,384 2018 17,172 3,486 7,603 28,261 52,383 9,784 Del Toro 2019 11,129 5,566 6,002 22,697 37,546 7,899 2018 9,601 3,082 5,775 18,458 36,760 7,624 Others 2019 21,496 40,445 27,792 89,733 265,579 226,427 2018 21,027 39,175 16,391 76,593 158,830 200,028 Consolidated 2019 $ 367,348 $ 96,043 $ 236,639 $ 700,030 $ 1,027,924 $ 365,603 2018 $ 353,651 $ 81,962 $ 251,084 $ 686,697 $ 926,110 $ 331,537

Note 6 - Revenues (Tables)

Note 6 - Revenues (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about revenues [text block]	Year Ended December 31, 2019 2018 Gross revenue by material: Doré $ 345,334 94 % $ 255,723 83 % Concentrate 23,501 6 % 52,697 17 % Gross revenue $ 368,835 100 % $ 308,420 100 % Gross revenue from payable metals: Silver $ 215,301 58 % $ 176,783 57 % Gold 143,029 39 % 111,058 36 % Lead 6,988 2 % 14,369 5 % Zinc 3,517 1 % 6,210 2 % Gross revenue 368,835 100 % 308,420 100 % Less: smelting and refining costs (4,891 ) (7,491 ) Revenues $ 363,944 $ 300,929

Note 7 - Cost of Sales (Tables)

Note 7 - Cost of Sales (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about cost of sales [text block]	Year Ended December 31, 2019 2018 Consumables and materials $ 45,947 $ 49,750 Labour costs 118,229 106,540 Energy 35,135 35,366 Other costs 13,243 13,300 Production costs $ 212,554 $ 204,956 Transportation and other selling costs 2,735 3,399 Workers participation costs 9,036 5,775 Environmental duties and royalties 1,438 1,288 Inventory changes 3,459 (3,776 ) (Cost recovery) writedowns related to Republic Metals Refining Corp. bankruptcy (1) (1,600 ) 7,520 Standby Costs (2) 2,879 — Restructuring costs (3) 1,645 — $ 232,146 $ 219,162

Note 8 - General and Administ_2

Note 8 - General and Administrative Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of expenses [text block]	Year Ended December 31, 2019 2018 Corporate administration $ 5,202 $ 5,552 Salaries and benefits 13,797 10,412 Audit, legal and professional fees 4,943 3,421 Filing and listing fees 429 449 Directors fees and expenses 793 739 Depreciation 1,636 855 $ 26,800 $ 21,428

Note 9 - Investment and Other_2

Note 9 - Investment and Other Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of finance income (cost) [text block]	Year Ended December 31, 2019 2018 Gain (loss) from investment in marketable securities (Note 14(a)) $ 528 $ (4,704 ) Gain from investment in silver futures derivatives (Note 14(b)) 1,237 269 Interest income and other 6,344 3,691 $ 8,109 $ (744 )

Note 10 - Finance Costs (Tables

Note 10 - Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of interest expense [text block]	Year Ended December 31, 2019 2018 Debt facilities (Note 20) $ 10,885 $ 10,389 Lease liabilities (Note 21) 1,142 524 Accretion of decommissioning liabilities (Note 22) 2,410 1,495 Silver sales and other 710 628 $ 15,147 $ 13,036

Note 11 - Loss Per Share (Table

Note 11 - Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Earnings per share [text block]	Year Ended December 31, 2019 2018 Net loss for the year $ (40,474 ) $ (204,164 ) Weighted average number of shares on issue - basic and diluted (1) 201,615,489 183,650,405 Loss per share - basic and diluted $ (0.20 ) $ (1.11 ) Loss per share - diluted $ (0.20 ) $ (1.11 )

Note 12 - Trade and Other Rec_2

Note 12 - Trade and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about trade and other receivables explanatory [text block]	December 31, December 31, 2018 Trade receivables $ 3,503 $ 4,671 Other 792 928 $ 4,295 $ 5,599

Note 13 - Inventories (Tables)

Note 13 - Inventories (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about inventories explanatory [text block]	December 31, December 31, Finished goods - doré and concentrates $ 1,965 $ 2,538 Work-in-process 3,229 4,626 Stockpile 2,130 1,257 Silver coins and bullion 291 351 Materials and supplies 22,902 23,696 $ 30,517 $ 32,468

Note 14 - Other Financial Ass_2

Note 14 - Other Financial Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of fair value of financial instruments [text block]	December 31, December 31, First Mining Gold Corp. (TSX: FF) $ 3,010 $ 2,753 Sprott Physical Silver Trust (NYSE: PSLV) 2,616 2,236 FVTPL marketable securities $ 5,626 $ 4,989 FVTOCI marketable securities 880 1,431 Total marketable securities $ 6,506 $ 6,420 Silver future derivatives — 2,038 Foreign exchange derivatives 982 — Total other financial assets $ 7,488 $ 8,458

Note 15 - Mining Interests (Tab

Note 15 - Mining Interests (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about mining interests [text block]	December 31, December 31, Producing properties $ 367,348 $ 353,651 Exploration properties (non-depletable) 96,043 81,962 $ 463,391 $ 435,613
Exploration properties [member]
Statement Line Items [Line Items]
Disclosure of detailed information about mining interests producing properties and exploration properties [text block]	Exploration properties San Dimas Santa Elena La Encantada La Parrilla Del Toro San Martin La Guitarra Other Total Cost At December 31, 2017 $ — $ 7,777 $ 5,221 $ 13,982 $ 10,117 $ 9,599 $ 10,385 $ 29,847 $ 86,928 Exploration and evaluation expenditures 3,705 8,233 2,339 3,291 2,363 2,939 1,337 3,593 27,800 Impairment — — — (13,787 ) (9,398 ) — (5,987 ) — (29,172 ) Transfer to producing properties — (1,694 ) (1,900 ) — — — — — (3,594 ) At December 31, 2018 $ 3,705 $ 14,316 $ 5,660 $ 3,486 $ 3,082 $ 12,538 $ 5,735 $ 33,440 $ 81,962 Exploration and evaluation expenditures 7,450 11,738 2,164 3,862 2,484 1,751 — 1,032 30,481 Change in decommissioning liabilities (Note 22) — — — — — — — 238 238 Impairment (Note 18) — — (1,061 ) — — — — — (1,061 ) Transfer to producing properties (2,456 ) (7,462 ) (5,659 ) — — — — — (15,577 ) At December 31, 2019 $ 8,699 $ 18,592 $ 1,104 $ 7,348 $ 5,566 $ 14,289 $ 5,735 $ 34,710 $ 96,043
Producing properties [member]
Statement Line Items [Line Items]
Disclosure of detailed information about mining interests producing properties and exploration properties [text block]	Producing properties San Dimas Santa Elena La Encantada La Parrilla Del Toro San Martin La Guitarra Total Cost At December 31, 2017 $ — $ 36,371 $ 88,627 $ 155,351 $ 104,635 $ 90,955 $ 106,691 $ 582,630 Additions 11,030 7,609 5,787 8,336 6,241 3,988 2,686 45,677 Acquisition of Primero (Note 4) 178,183 — — — — — — 178,183 Change in decommissioning liabilities (Note 22) 4,092 (633 ) 3,122 — — — — 6,581 Transfer from exploration properties — 1,694 1,900 — — — — 3,594 At December 31, 2018 $ 193,305 $ 45,041 $ 99,436 $ 163,687 $ 110,876 $ 94,943 $ 109,377 $ 816,665 Additions 24,596 6,813 5,995 5,262 1,735 2,091 — 46,492 Change in decommissioning liabilities (Note 22) 301 2,338 500 696 945 4,051 469 9,300 Transfer from exploration properties 2,456 7,462 5,659 — — — — 15,577 At December 31, 2019 $ 220,658 $ 61,654 $ 111,590 $ 169,645 $ 113,556 $ 101,085 $ 109,846 $ 888,034 Accumulated depletion, amortization and impairment At December 31, 2017 $ — $ (7,639 ) $ (55,564 ) $ (62,144 ) $ (67,154 ) $ (40,317 ) $ (62,594 ) $ (295,412 ) Depletion and amortization (10,871 ) (3,955 ) (4,308 ) (16,470 ) (4,850 ) (4,220 ) (3,102 ) (47,776 ) Impairment (Note 18) — — — (67,901 ) (29,271 ) — (22,654 ) (119,826 ) At December 31, 2018 $ (10,871 ) $ (11,594 ) $ (59,872 ) $ (146,515 ) $ (101,275 ) $ (44,537 ) $ (88,350 ) $ (463,014 ) Depletion and amortization (16,354 ) (5,014 ) (6,025 ) (3,065 ) (1,152 ) (3,460 ) — (35,070 ) Impairment (Note 18) — — (22,602 ) — — — — (22,602 ) At December 31, 2019 $ (27,225 ) $ (16,608 ) $ (88,499 ) $ (149,580 ) $ (102,427 ) $ (47,997 ) $ (88,350 ) $ (520,686 ) Carrying values At December 31, 2018 $ 182,434 $ 33,447 $ 39,564 $ 17,172 $ 9,601 $ 50,406 $ 21,027 $ 353,651 At December 31, 2019 $ 193,433 $ 45,046 $ 23,091 $ 20,065 $ 11,129 $ 53,088 $ 21,496 $ 367,348

Note 16 - Property, Plant and_2

Note 16 - Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about property, plant and equipment [text block]	Land and Buildings (1) Machinery and Equipment Assets under Construction Other Total Cost At December 31, 2017 $ 134,398 $ 341,899 $ 21,949 $ 14,711 $ 512,957 Additions 9 4,411 28,669 621 33,710 Acquisition of Primero (Note 4) 40,404 70,064 7,169 5,178 122,815 Transfers and disposals 3,053 14,488 (22,114 ) 2,900 (1,673 ) At December 31, 2018 $ 177,864 $ 430,862 $ 35,673 $ 23,410 $ 667,809 Additions — 1,991 44,709 521 47,221 Transfers and disposals 20,548 23,802 (52,737 ) 507 (7,880 ) At December 31, 2019 $ 198,412 $ 456,655 $ 27,645 $ 24,438 $ 707,150 Accumulated depreciation, amortization and impairment At December 31, 2017 $ (86,404 ) $ (223,353 ) $ — $ (11,148 ) $ (320,905 ) Depreciation and amortization (8,215 ) (36,650 ) — (1,777 ) (46,642 ) Transfers and disposals — 1,464 — 48 1,512 Impairment (Note 18) (16,639 ) (33,420 ) — (631 ) (50,690 ) At December 31, 2018 $ (111,258 ) $ (291,959 ) $ — $ (13,508 ) $ (416,725 ) Depreciation and amortization (4,980 ) (23,829 ) — (2,122 ) (30,931 ) Transfers and disposals 271 5,189 — 459 5,919 Impairment (Note 18) (13,073 ) (15,701 ) — — (28,774 ) At December 31, 2019 $ (129,040 ) $ (326,300 ) $ — $ (15,171 ) $ (470,511 ) Carrying values At December 31, 2018 $ 66,606 $ 138,903 $ 35,673 $ 9,902 $ 251,084 At December 31, 2019 $ 69,372 $ 130,355 $ 27,645 $ 9,267 $ 236,639
Disclosure of detailed information about property plant and equipment allocated by mine explanatory [text block]	San Dimas Santa Elena La Encantada La Parrilla Del Toro San Martin La Guitarra Other Total Cost At December 31, 2017 $ — $ 73,684 $ 124,198 $ 96,491 $ 117,201 $ 47,541 $ 28,115 $ 25,727 $ 512,957 Additions 5,750 3,066 8,812 2,564 3,016 2,375 1,296 6,831 33,710 Acquisition of Primero (Note 4) 122,815 — — — — — — — 122,815 Transfers and disposals (802 ) (79 ) (864 ) (9 ) 1,311 1,784 (2,648 ) (366 ) (1,673 ) At December 31, 2018 $ 127,763 $ 76,671 $ 132,146 $ 99,046 $ 121,528 $ 51,700 $ 26,763 $ 32,192 $ 667,809 Additions 10,465 4,453 5,066 1,379 667 1,027 — 24,164 47,221 Transfers and disposals (1,925 ) 9,638 90 (4,104 ) (47 ) (409 ) (310 ) (10,813 ) (7,880 ) At December 31, 2019 $ 136,303 $ 90,762 $ 137,302 $ 96,321 $ 122,148 $ 52,318 $ 26,453 $ 45,543 $ 707,150 Accumulated depreciation, amortization and impairment At December 31, 2017 $ — $ (28,898 ) $ (80,269 ) $ (52,984 ) $ (93,579 ) $ (27,789 ) $ (21,654 ) $ (15,732 ) $ (320,905 ) Depreciation and amortization (8,179 ) (8,397 ) (9,646 ) (8,489 ) (3,761 ) (4,388 ) (2,161 ) (1,621 ) (46,642 ) Transfers and disposals 634 288 829 92 (804 ) (1,150 ) 1,546 77 1,512 Impairment (Note 18) — — — (30,062 ) (17,609 ) — (3,019 ) — (50,690 ) At December 31, 2018 $ (7,545 ) $ (37,007 ) $ (89,086 ) $ (91,443 ) $ (115,753 ) $ (33,327 ) $ (25,288 ) $ (17,276 ) $ (416,725 ) Depreciation and amortization (12,355 ) (6,989 ) (5,278 ) (561 ) (458 ) (3,359 ) — (1,931 ) (30,931 ) Transfers and disposals 153 1,021 572 3,406 65 411 117 174 5,919 Impairment (Note 18) — — (28,774 ) — — — — — (28,774 ) At December 31, 2019 $ (19,747 ) $ (42,975 ) $ (122,566 ) $ (88,598 ) $ (116,146 ) $ (36,275 ) $ (25,171 ) $ (19,033 ) $ (470,511 ) Carrying values At December 31, 2018 $ 120,218 $ 39,664 $ 43,060 $ 7,603 $ 5,775 $ 18,373 $ 1,475 $ 14,916 $ 251,084 At December 31, 2019 $ 116,556 $ 47,787 $ 14,736 $ 7,723 $ 6,002 $ 16,043 $ 1,282 $ 26,510 $ 236,639

Note 17 - Right-of-use Assets (

Note 17 - Right-of-use Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of quantitative information about right-of-use assets [text block]	Land and Buildings Machinery and Equipment Other Total At December 31, 2018 $ — $ — $ — $ — Initial adoption of IFRS 16 (Note 3) 2,624 1,036 22 3,682 Additions 571 14,132 — 14,703 Remeasurements 1,686 232 — 1,918 Depreciation and amortization (674 ) (1,286 ) (7 ) (1,967 ) Impairment (Note 18) — (6,302 ) — (6,302 ) At December 31, 2019 $ 4,207 $ 7,812 $ 15 $ 12,034

Note 18 - Impairment of Non-c_2

Note 18 - Impairment of Non-current Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of impairment loss and reversal of impairment loss [text block]	Year Ended December 31, 2019 2018 La Encantada Silver Mine $ 58,739 $ — La Parrilla Silver Mine — 111,750 Del Toro Silver Mine — 56,278 La Guitarra Silver Mine — 31,660 Impairment of non-current assets $ 58,739 $ 199,688 Deferred income tax recovery (6,300 ) (48,588 ) Impairment of non-current assets, net of tax $ 52,439 $ 151,100
Disclosure of impairment loss in respect of each operating segment or project explanatory [text block]	Mining interests Producing Exploration Right of use assets Property, plant and equipment Total La Encantada Silver Mine $ 22,602 $ 1,061 $ 6,302 $ 28,774 $ 58,739 Impairment of non-current assets $ 22,602 $ 1,061 $ 6,302 $ 28,774 $ 58,739 Mining interests Producing Exploration Property, plant and equipment Total La Parrilla $ 67,901 $ 13,787 $ 30,062 $ 111,750 Del Toro Silver Mine 29,271 9,398 17,609 56,278 La Guitarra Silver Mine 22,654 5,987 3,019 31,660 Impairment of non-current assets $ 119,826 $ 29,172 $ 50,690 $ 199,688
Explanation of inputs, assumptions and estimation techniques used to apply impairment requirements [text block]	December 31, 2019 December 31, 2018 Commodity Prices 2020-2023 Average Long-term 2019-2022 Long-term Silver (per ounce) $ 18.84 $ 19.50 $ 17.23 $ 18.50 Gold (per ounce) $ 1,536 $ 1,416 $ 1,318 $ 1,350 Lead (per pound) n/a n/a $ 0.99 $ 1.00 Zinc (per pound) n/a n/a $ 1.19 $ 1.19

Note 19 - Trade and Other Pay_2

Note 19 - Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of other current liabilities [text block]	December 31, December 31, Trade payables $ 23,984 $ 26,420 Trade related accruals 12,314 9,351 Payroll and related benefits 19,059 11,255 Environmental duty 1,483 1,536 Other accrued liabilities 2,283 1,621 $ 59,123 $ 50,183

Note 20 - Debt Facilities (Tabl

Note 20 - Debt Facilities (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about debt activity explanatory [text block]	Convertible Debentures (a) Revolving Credit Facility (b) Scotia Debt Facilities Primero Debt Facilities Total Balance at December 31, 2017 $ — $ — $ 31,769 $ — $ 31,769 Net proceeds from convertible debentures 151,079 — — — 151,079 Portion allocated to equity reserves (26,252 ) — — — (26,252 ) Net proceeds from revolving credit facility — 34,006 — — 34,006 Acquisition of Primero (Note 4) — — — 106,111 106,111 Finance costs Interest expense 2,738 1,170 529 — 4,437 Accretion 4,978 419 555 — 5,952 Repayments of principal — (16,000 ) (32,072 ) (106,111 ) (154,183 ) Payments of finance costs (1,736 ) (890 ) (781 ) — (3,407 ) Balance at December 31, 2018 $ 130,807 $ 18,705 $ — $ — $ 149,512 Finance costs Interest expense 2,975 1,498 — — 4,473 Accretion 5,758 654 — — 6,412 Payments of finance costs (2,933 ) (1,646 ) — — (4,579 ) Balance at December 31, 2019 $ 136,607 $ 19,211 $ — $ — $ 155,818 Statements of Financial Position Presentation Current portion of debt facilities $ 1,002 $ 279 $ — $ — $ 1,281 Debt facilities 129,805 18,426 — — 148,231 Balance at December 31, 2018 $ 130,807 $ 18,705 $ — $ — $ 149,512 Current portion of debt facilities $ 1,043 $ 132 $ — $ — $ 1,175 Debt facilities 135,564 19,079 — — 154,643 Balance at December 31, 2019 $ 136,607 $ 19,211 $ — $ — $ 155,818

Note 21 - Lease Liabilities (Ta

Note 21 - Lease Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of movement in lease liabilities [text block]	Finance Leases (a) Operating Leases (b) Equipment Financing (c) Total Balance at December 31, 2017 $ 2,109 $ — $ 7,196 $ 9,305 Finance costs 80 — 444 524 Repayments of principal (1,700 ) — (1,846 ) (3,546 ) Payments of finance costs (80 ) — (356 ) (436 ) Balance at December 31, 2018 $ 409 $ — $ 5,438 $ 5,847 Initial adoption of IFRS 16 (Note 2) — 3,682 — 3,682 Additions — 14,706 — 14,706 Remeasurements — 1,918 — 1,918 Finance costs 18 789 335 1,142 Repayments of principal (359 ) (2,395 ) (2,459 ) (5,213 ) Payments of finance costs (18 ) — (379 ) (397 ) Foreign exchange loss — 251 — 251 Balance at December 31, 2019 $ 50 $ 18,951 $ 2,935 $ 21,936 Statements of Financial Position Presentation Current portion of lease liabilities $ 352 $ — $ 2,552 $ 2,904 Lease liabilities 57 — 2,886 2,943 Balance at December 31, 2018 $ 409 $ — $ 5,438 $ 5,847 Current portion of lease liabilities $ 50 $ 4,518 $ 2,352 $ 6,920 Lease liabilities — 14,433 583 15,016 Balance at December 31, 2019 $ 50 $ 18,951 $ 2,935 $ 21,936
Disclosure of lease payments [text block]	Year Ended December 31, 2019 Expenses relating to short-term leases $ 42,994 Expenses relating to variable lease payments not included in the measurement of lease liability 14,241 $ 57,235

Note 22 - Decommissioning Lia_2

Note 22 - Decommissioning Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about decommissioning liability explanatory [text block]	San Dimas Santa Elena La Encantada San Martin La Parrilla Del Toro La Guitarra La Luz Total Balance at December 31, 2017 $ — $ 2,730 $ 3,317 $ 2,488 $ 3,002 $ 2,545 $ 1,692 $ 302 $ 16,076 Movements during the year: Acquisition of Primero 4,095 — — — — — — — 4,095 Change in rehabilitation provision 4,092 (633 ) 3,122 — — — — — 6,581 Reclamation costs incurred — — — — (2 ) (259 ) (203 ) — (464 ) Interest or accretion expense 225 221 269 204 243 208 125 — 1,495 Foreign exchange loss — 3 1 2 2 4 1 — 13 Balance at December 31, 2018 $ 8,412 $ 2,321 $ 6,709 $ 2,694 $ 3,245 $ 2,498 $ 1,615 $ 302 $ 27,796 Movements during the year: Change in rehabilitation provision 301 2,338 500 4,051 696 945 469 238 9,538 Reclamation costs incurred — — — — — — (104 ) — (104 ) Interest or accretion expense 744 207 592 237 282 219 129 — 2,410 Foreign exchange loss (15 ) 105 311 121 114 107 69 76 888 Balance at December 31, 2019 $ 9,442 $ 4,971 $ 8,112 $ 7,103 $ 4,337 $ 3,769 $ 2,178 $ 616 $ 40,528

Note 23 - Income Taxes (Tables)

Note 23 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about effective income tax expense recovery explanatory [text block]	Year Ended December 31, 2019 2018 Loss before tax $ (39,024 ) $ (263,047 ) Combined statutory tax rate 27.00 % 27.00 % Income tax recovery computed at statutory tax rate (10,536 ) (71,023 ) Reconciling items: Effect of different foreign statutory tax rates on earnings of subsidiaries (24,320 ) (15,309 ) Impact of foreign exchange on deferred income tax assets and liabilities (10,194 ) 13,807 Change in unrecognized deferred income tax asset 30,399 39,765 7.5% mining royalty in Mexico (814 ) (8,225 ) Other non-deductible expenses 3,256 834 Impact of inflationary adjustments (2,412 ) 51 Change in tax provision estimates 23,987 8,258 Impact of post acquisition Primero restructure — (20,024 ) Other (7,916 ) (7,017 ) Income tax expense (recovery) $ 1,450 $ (58,883 ) Statements of (Loss) Earnings Presentation Current income tax expense $ 16,423 $ 2,148 Deferred income tax recovery (14,973 ) (61,031 ) Income tax expense (recovery) $ 1,450 $ (58,883 ) Effective tax rate (4 %) 22 %
Disclosure of deferred taxes [text block]	Deferred tax assets Losses Provisions Deferred tax asset not recognized Other Total At December 31, 2017 $ 86,552 $ 10,115 $ (29,036 ) $ 815 $ 68,446 Benefit (expense) to income statement 17,702 6,393 (39,312 ) 2,741 (12,476 ) Acquisition of Primero (Note 4) 14,139 — — — 14,139 At December 31, 2018 $ 118,393 $ 16,508 $ (68,348 ) $ 3,556 $ 70,109 Benefit (expense) to income statement 8,079 6,379 (32,156 ) 4,295 (13,403 ) Charged to equity — — — 994 994 At December 31, 2019 $ 126,472 $ 22,887 $ (100,504 ) $ 8,845 $ 57,700 Deferred tax liabilities Property, plant and equipment and mining interests Effect of Mexican tax deconsolidation Non-current portion of income taxes payable Other Total At December 31, 2017 $ 95,696 $ 9,544 $ — $ 22,884 $ 128,124 (Benefit) expense to income statement (63,314 ) 488 1,752 (14,077 ) (75,151 ) Acquisition of Primero (Note 4) 33,000 — — 20,024 53,024 Charged to equity — — — 7,105 7,105 Reclassed to current income taxes payable — (3,288 ) — — (3,288 ) At December 31, 2018 $ 65,382 $ 6,744 $ 1,752 $ 35,936 $ 109,814 (Benefit) expense to income statement (32,381 ) 498 13,220 (2,891 ) (21,554 ) Reclassed to current income taxes payable — (2,813 ) — — (2,813 ) At December 31, 2019 $ 33,001 $ 4,429 $ 14,972 $ 33,045 $ 85,447 Statements of Financial Position Presentation Deferred tax assets $ 50,938 Deferred tax liabilities 90,643 At December 31, 2018 $ 39,705 Deferred tax assets $ 51,141 Deferred tax liabilities 78,888 At December 31, 2019 $ 27,747
Disclosure of detailed information about deferred tax assets expiration explanatory [text block]	Year of expiry Canadian non-capital losses Swiss non-capital losses Mexican non-capital losses December 31, 2019 December 31, 2018 2019 $ — $ — $ — $ — $ 1,726 2020 — — 544 544 274 2021 — 3,166 4,659 7,825 10,402 2022 — — 4,060 4,060 3,719 2023 — — 2,213 2,213 1,763 2024 — — 39,319 39,319 36,214 2025 — — 51,911 51,911 91,844 2026 — — 113,630 113,630 105,683 2027 — — 56,760 56,760 52,654 2028 — — 99,315 99,315 68,546 2029 and after 22,209 — 89,754 111,963 18,263 Total $ 22,209 $ 3,166 $ 462,165 $ 487,540 $ 391,088 Unrecognized losses $ — $ — $ 208,253 $ 208,253 $ 147,697

Note 24 - Share Capital (Tables

Note 24 - Share Capital (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of range of exercise prices of outstanding share options [text block]	Options Outstanding Options Exercisable Exercise prices (CAD$) Number of Weighted Average Exercise Price (CAD $/Share) Weighted Average Remaining Life (Years) Number of Weighted Average Exercise Price (CAD $/Share) Weighted Average Remaining Life (Years) 4.69 - 5.00 906,082 4.79 1.01 906,082 4.79 1.01 5.01 - 10.00 3,795,640 8.38 8.08 719,766 8.55 6.53 10.01 - 15.00 2,585,602 11.26 3.37 2,148,102 11.10 2.11 15.01 - 20.00 100,000 16.06 1.65 100,000 16.06 1.65 20.01 - 126.01 196,115 72.69 1.28 196,115 72.69 1.28 7,583,439 10.70 5.37 4,070,065 12.33 2.60
Disclosure of number and weighted average exercise prices of share options [text block]	Year Ended Year Ended December 31, 2019 December 31, 2018 Number of Options Weighted Average Exercise Price (CAD $/Share) Number of Weighted Average Exercise Price (CAD $/Share) Balance, beginning of the year 9,266,098 10.76 9,431,737 9.35 Granted 2,601,680 8.83 2,552,796 15.95 Exercised (2,918,518 ) 7.54 (973,948 ) 5.28 Cancelled or expired (1,365,821 ) 14.31 (1,744,487 ) 13.78 Balance, end of the year 7,583,439 10.70 9,266,098 10.76
Disclosure of detailed information about options valuation assumptions explanatory [text block]	Year Ended Year Ended Assumption Based on December 31, 2019 December 31, 2018 Risk-free interest rate (%) Yield curves on Canadian government zero- coupon bonds with a remaining term equal to the stock options’ expected life 2.01 1.87 Expected life (years) Average of the expected vesting term and expiry term of the option 5.80 5.40 Expected volatility (%) Historical and implied volatility of the precious metals mining sector 51.29 58.70 Expected dividend yield (%) Annualized dividend rate as of the date of grant — —
Disclosure of number and weighted average exercise prices of other equity instruments [text block]	Year Ended December 31, 2019 Number of shares Weighted Outstanding, beginning of the year — $ — Granted 274,520 7.29 Settled (145,576 ) 7.29 Forfeited — — Outstanding, end of the year 128,944 $ 7.29

Note 25 - Financial Instrumen_2

Note 25 - Financial Instruments and Related Risk Management (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about financial instruments [text block]	December 31, 2019 December 31, 2018 Fair value measurement Fair value measurement Carrying value Level 1 Level 2 Carrying value Level 1 Level 2 Financial assets Trade receivables $ 1,182 $ — $ 1,182 $ 2,559 $ — $ 2,559 Marketable securities (Note 14) 6,506 6,506 — 6,420 6,420 — Silver futures derivatives (Note 14) — — — 2,038 2,038 — Foreign exchange derivatives 982 982 — — — —
Disclosure of detailed information about capital risk management explanatory [text block]	December 31, December 31, Equity $ 662,321 $ 594,573 Debt facilities 155,818 149,512 Lease liabilities 21,936 5,847 Less: cash and cash equivalents (169,009 ) (57,013 ) $ 671,066 $ 692,919
Disclosure of financial liabilities [text block]	Carrying Amount Contractual Cash Flows Less than 1 year 2 to 3 years 4 to 5 years After 5 years Trade and other payables $ 59,123 $ 59,123 $ 59,123 $ — $ — $ — Debt facilities 155,818 188,439 4,209 26,263 157,967 — Lease liabilities 21,936 22,561 6,829 7,778 7,954 — Other liabilities 4,675 4,405 — — — 4,405 $ 241,552 $ 274,528 $ 70,161 $ 34,041 $ 165,921 $ 4,405
Disclosure of detailed information about currency risk explanatory [text block]	December 31, 2019 Cash and cash equivalents Trade and other receivables Value added taxes receivable Other financial assets Trade and other payables Foreign exchange derivative Net assets (liabilities) exposure Effect of +/- 10% change in currency Canadian dollar $ 14,182 $ 56 $ — $ 3,010 $ (1,529 ) $ — $ 15,719 $ 1,572 Mexican peso 9,000 — 20,700 — (33,635 ) 27,000 23,065 2,307 $ 23,182 $ 56 $ 20,700 $ 3,010 $ (35,164 ) $ 27,000 $ 38,784 $ 3,878
Disclosure of detailed information about price risk explanatory [text block]	December 31, 2019 Effect of +/- 10% change in metal prices Silver Gold Lead Total Metals subject to provisional price adjustments $ 65 $ — $ 38 $ 103 Metals in doré and concentrates inventory 90 238 6 334 $ 155 $ 238 $ 44 $ 437

Note 26 - Supplemental Cash F_2

Note 26 - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of detailed information about supplemental cash flow [text block]	Year Ended December 31, Note 2019 2018 Adjustments to reconcile net earnings to operating cash flows before movements in working capital: Unrealized foreign exchange loss and other $ 273 $ 659 Unrealized (gain) loss from marketable securities and silver futures derivatives (1,765 ) 4,435 $ (1,492 ) $ 5,094 Net change in non-cash working capital items: Decrease in trade and other receivables $ 1,304 $ 771 Decrease (increase) in value added taxes receivable 30,028 (17,173 ) Decrease in inventories 2,829 2,015 Decrease in prepaid expenses and other 776 549 Decrease in income taxes payable (6,569 ) (941 ) Increase (decrease) in trade and other payables 8,959 (6,388 ) $ 37,327 $ (21,167 ) Non-cash investing and financing activities: Transfer of share-based payments reserve upon settlement of RSUs $ 988 $ — Transfer of share-based payments reserve upon exercise of options $ 5,986 $ 967 Settlement of liabilities $ — $ (500 )

Note 28 - Subsidiaries (Tables)

Note 28 - Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of subsidiaries [text block]	Name of subsidiary Operations and Projects Location 2019 % Ownership 2018 % Ownership First Majestic Silver Corp. Parent company and bullion sales Canada 100 % 100 % Corporación First Majestic, S.A. de C.V. Holding company Mexico 100 % 100 % Primero Empresa Minera, S.A de C.V. San Dimas Silver/Gold Mine Mexico 100 % 100 % Nusantara de Mexico, S.A. de C.V. Santa Elena Silver/Gold Mine Mexico 100 % 100 % Minera La Encantada, S.A. de C.V. La Encantada Silver Mine Mexico 100 % 100 % La Encantada Procesadora de Minerales, S.A. de C.V. La Encantada Silver Mine Mexico 100 % 100 % First Majestic Plata, S.A. de C.V. La Parrilla Silver Mine Mexico 100 % 100 % Minera El Pilón, S.A. de C.V. San Martin Silver Mine Mexico 100 % 100 % First Majestic Del Toro, S.A. de C.V. Del Toro Silver Mine Mexico 100 % 100 % La Guitarra Compañia Minera, S.A. de C.V. La Guitarra Silver Mine Mexico 100 % 100 % Majestic Services, S.A. de C.V. Service company Mexico 100 % 100 % Santa Elena Oro y Plata, S.A. de C.V. Service company Mexico 100 % 100 % FM Metal Trading (Barbados) Ltd. Metals trading company Barbados 100 % 100 % Silver Trading (Barbados) Ltd. Metals trading company Barbados 100 % 100 % FMS Trading AG Metals trading company Switzerland 100 % 100 %

Note 29 - Key Management Comp_2

Note 29 - Key Management Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Line Items [Line Items]
Disclosure of information about key management personnel [text block]	Year Ended December 31, 2019 2018 Salaries, bonuses, fees and benefits Independent members of the Board of Directors $ 790 $ 702 Other members of key management 4,267 3,212 Share-based payments Independent members of the Board of Directors 439 306 Other members of key management 2,975 2,587 $ 8,471 $ 6,807

Note 3 - Significant Accounti_2

Note 3 - Significant Accounting Policies, Estimates and Judgments (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2019	Dec. 31, 2017
Statement Line Items [Line Items]
Right-of-use assets	$ 12,034
Total lease liabilities	21,936	5,847		$ 9,305
Depreciation expense	1,636	855
Finance costs	15,147	13,036
Net cash flows from (used in) operating activities	140,025	33,262
Net cash flows from (used in) financing activities	87,680	25,443
Goodwill at end of period	$ 0	$ 0
Bottom of range [member]
Statement Line Items [Line Items]
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16	5.80%
Top of range [member]
Statement Line Items [Line Items]
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16	11.20%
IFRS 16 [Member]
Statement Line Items [Line Items]
Right-of-use assets			$ 3,700
Total lease liabilities			$ 3,700
Depreciation expense	$ 2,000
Finance costs	800
Net cash flows from (used in) operating activities	2,400
Net cash flows from (used in) financing activities	$ 2,400
IFRS 16 [Member] | Bottom of range [member]
Statement Line Items [Line Items]
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16			5.80%
IFRS 16 [Member] | Top of range [member]
Statement Line Items [Line Items]
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16			12.40%

Note 4 - Acquisition of Prime_3

Note 4 - Acquisition of Primero Mining Corp. (Details Textual)	May 10, 2018USD ($)shares	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)	May 09, 2018$ / shares
Statement Line Items [Line Items]
Share price | $ / shares				$ 6.84
Wheaton Precious Metals International Ltd. [member]
Statement Line Items [Line Items]
New stream agreement, percentage of gold equivalent production, counter party	25.00%
New stream agreement, ongoing payments, upper range limit	$ 600
New stream agreement, percentage of annual inflation adjustment	1.00%
Primero Mining Corp. [member]
Statement Line Items [Line Items]
Business combination consideration transferred, share exchange ratio	0.03325
Number of replacement stock options issued | shares	221,908
Number of replacement warrants issued | shares	366,124
Total consideration transferred, acquisition-date fair value	$ 187,000,000		$ 186,959,000
Acquisition-related costs recognised as expense for transaction recognised separately from acquisition of assets and assumption of liabilities in business combination		$ 4,900,000
Primero Mining Corp. [member] | Primero shareholders [member]
Statement Line Items [Line Items]
Number of instruments or interests issued or issuable	6,418,594		6,418,594
Total consideration transferred, acquisition-date fair value			$ 43,903,000
Primero Mining Corp. [member] | Wheaton Precious Metals International Ltd. [member]
Statement Line Items [Line Items]
Number of instruments or interests issued or issuable	20,914,590		20,914,590
Total consideration transferred, acquisition-date fair value	$ 143,100,000		$ 143,056,000

Note 4 - Acquisition of Prime_4

Note 4 - Acquisition of Primero Mining Corp. - Consideration and Purchase Price Allocation (Details) - Primero Mining Corp. [member] - USD ($)	Dec. 31, 2019	May 10, 2018
Statement Line Items [Line Items]
Equity interest	$ 186,959,000	$ 187,000,000
Allocation of Purchase Price
Cash and cash equivalents	3,871,000
Value added taxes receivable	27,508,000
Inventories	15,628,000
Mining interests	178,183,000
Property, plant and equipment	122,815,000
Deposit on non-current assets	60,000
Non-current income taxes receivable	19,342,000
Other working capital items	(23,792,000)
Income taxes payable	(2,888,000)
Debt facilities	(106,110,000)
Decommissioning liabilities	(4,095,000)
Other non-current liabilities	(4,678,000)
Deferred tax liabilities	(38,885,000)
Net assets acquired	186,959,000
Primero shareholders [member]
Statement Line Items [Line Items]
Equity interest	43,903,000
Wheaton Precious Metals International Ltd. [member]
Statement Line Items [Line Items]
Equity interest	$ 143,056,000	$ 143,100,000

Note 4 - Acquisition of Prime_5

Note 4 - Acquisition of Primero Mining Corp. - Consideration and Purchase Price Allocation (Details) (Parentheticals)	1 Months Ended		12 Months Ended
	May 31, 2018$ / shares	May 31, 2018$ / shares	Dec. 31, 2019$ / shares	Dec. 31, 2019$ / shares	May 10, 2018
Statement Line Items [Line Items]
Weighted average share price | (per share)	$ 8.80	$ 6.84
Primero Mining Corp. [member] | Primero shareholders [member]
Statement Line Items [Line Items]
Number of instruments or interests issued or issuable			6,418,594	6,418,594	6,418,594
Weighted average share price | (per share)			$ 8.80	$ 6.84
Primero Mining Corp. [member] | Wheaton Precious Metals International Ltd. [member]
Statement Line Items [Line Items]
Number of instruments or interests issued or issuable			20,914,590	20,914,590	20,914,590
Weighted average share price | (per share)			$ 8.80	$ 6.84

Note 5 - Segmented Informatio_2

Note 5 - Segmented Information (Details Textual)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Number of operating mines	6
Number of customers that account for one hundred percent of sales revenue		8
Percentage of entity's revenue	100.00%	100.00%
One major customer [member]
Statement Line Items [Line Items]
Percentage of entity's revenue	85.00%	72.00%

Note 5 - Segmented Informatio_3

Note 5 - Segmented Information - Disclosure of Detailed Information About Entity Reportable Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Revenue	$ 363,944	$ 300,929
Cost of sales	232,146	219,162
Depletion, depreciation, and amortization	65,584	93,667
Mine operating earnings	66,214	(11,900)
Capital expenditures	124,194	107,187
Mining Interests Producing	463,391	435,613
Property, plant and equipment	236,639	251,084
Total mining assets	700,030	686,697
Total assets	1,027,924	926,110
Total liabilities	365,603	331,537
Producing properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	367,348	353,651
Exploration properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	96,043	81,962	$ 86,928
Mexico - San Dimas [member]
Statement Line Items [Line Items]
Revenue	185,999	102,515
Cost of sales	100,120	60,762
Depletion, depreciation, and amortization	28,491	19,052
Mine operating earnings	57,388	22,701
Capital expenditures	42,511	20,485
Property, plant and equipment	116,556	120,218
Total mining assets	318,688	306,357
Total assets	375,359	368,460
Total liabilities	61,476	59,990
Mexico - San Dimas [member] | Producing properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	193,433	182,434
Mexico - San Dimas [member] | Exploration properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	8,699	3,705
Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Revenue	94,378	83,116
Cost of sales	53,605	52,154
Depletion, depreciation, and amortization	12,204	12,352
Mine operating earnings	28,569	18,610
Capital expenditures	23,004	18,908
Property, plant and equipment	47,787	39,664
Total mining assets	111,425	87,427
Total assets	134,666	104,955
Total liabilities	23,867	16,753
Mexico - Santa Elena [member] | Producing properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	45,046	33,447
Mexico - Santa Elena [member] | Exploration properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	18,592	14,316	7,777
Mexico - La Encantada [member]
Statement Line Items [Line Items]
Revenue	50,867	24,533
Cost of sales	36,609	30,215
Depletion, depreciation, and amortization	11,648	13,955
Mine operating earnings	2,610	(19,637)
Capital expenditures	13,225	16,938
Property, plant and equipment	14,736	43,060
Total mining assets	38,931	88,284
Total assets	71,255	111,887
Total liabilities	21,563	13,972
Mexico - La Encantada [member] | Producing properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	23,091	39,564
Mexico - La Encantada [member] | Exploration properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	1,104	5,660	5,221
Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Revenue	14,023	29,908
Cost of sales	16,152	26,758
Depletion, depreciation, and amortization	3,422	24,944
Mine operating earnings	(5,551)	(21,794)
Capital expenditures	10,503	14,191
Property, plant and equipment	7,723	7,603
Total mining assets	35,136	28,261
Total assets	56,270	52,383
Total liabilities	8,384	9,784
Mexico - La Parrilla [member] | Producing properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	20,065	17,172
Mexico - La Parrilla [member] | Exploration properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	7,348	3,486	13,982
Mexico - San Martin [member]
Statement Line Items [Line Items]
Revenue	10,554	33,925
Cost of sales	13,143	22,903
Depletion, depreciation, and amortization	7,022	8,608
Mine operating earnings	(9,611)	2,414
Capital expenditures	4,869	9,302
Property, plant and equipment	16,043	18,373
Total mining assets	83,420	81,317
Total assets	87,248	92,835
Total liabilities	15,987	23,386
Mexico - San Martin [member] | Producing properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	53,088	50,406
Mexico - San Martin [member] | Exploration properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	14,289	12,538	9,599
Mexico - Del Toro [member]
Statement Line Items [Line Items]
Revenue	7,627	17,923
Cost of sales	11,615	19,170
Depletion, depreciation, and amortization	1,718	8,612
Mine operating earnings	(5,706)	(9,859)
Capital expenditures	4,886	11,620
Property, plant and equipment	6,002	5,775
Total mining assets	22,697	18,458
Total assets	37,546	36,760
Total liabilities	7,899	7,624
Mexico - Del Toro [member] | Producing properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	11,129	9,601
Mexico - Del Toro [member] | Exploration properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	5,566	3,082	$ 10,117
All other segments and La Guitarra [Member]
Statement Line Items [Line Items]
Revenue	496	9,009
Cost of sales	902	7,200
Depletion, depreciation, and amortization	1,079	6,144
Mine operating earnings	(1,485)	(4,335)
Capital expenditures	25,196	15,743
Property, plant and equipment	27,792	16,391
Total mining assets	89,733	76,593
Total assets	265,579	158,830
Total liabilities	226,427	200,028
All other segments and La Guitarra [Member] | Producing properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	21,496	21,027
All other segments and La Guitarra [Member] | Exploration properties [member]
Statement Line Items [Line Items]
Mining Interests Producing	$ 40,445	$ 39,175

Note 6 - Revenues (Details Text

Note 6 - Revenues (Details Textual)	1 Months Ended	12 Months Ended
	Apr. 30, 2018	Dec. 31, 2019USD ($)g	Dec. 31, 2018USD ($)oz
Statement Line Items [Line Items]
Deferred income		$ 4,486,000	$ 3,769,000
Increase (decrease) through cumulative catch-up adjustments to revenue arising from change in estimate of transaction price, contract liabilities		100,000	800,000
Per-ounce price of gold delivered during the period		$ 604	$ 600
Sandstorm Gold Ltd. [member] | Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Percent of gold production required to be sold		20.00%	20.00%
Gold sold during period		9,164	8,947
Gold sold during period, average price		$ 458	$ 453
Sandstorm Gold Ltd. [member] | Mexico - Santa Elena [member] | Annual inflation [member]
Statement Line Items [Line Items]
Purchase agreement, annual inflation increase, percent	1.00%	1.00%
Wheaton Precious Metals International Ltd. [member]
Statement Line Items [Line Items]
New stream agreement, percentage of gold equivalent production, counter party		25.00%
New stream agreement, ongoing payments, upper range limit		$ 600
New stream agreement, percentage of annual inflation adjustment		1.00%
Ounces of gold delivered during period		44,667	21,962

Note 6 - Revenues - Disclosure

Note 6 - Revenues - Disclosure of Detailed Information About Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Doré	$ 345,334	$ 255,723
Percentage of revenue	100.00%	100.00%
Concentrate	$ 23,501	$ 52,697
Gross revenue	368,835	308,420
Silver	215,301	176,783
Gold	143,029	111,058
Lead	6,988	14,369
Zinc	3,517	6,210
Gross revenue	368,835	308,420
Less: smelting and refining costs	(4,891)	(7,491)
Revenues	$ 363,944	$ 300,929
Doré [member]
Statement Line Items [Line Items]
Percentage of revenue	94.00%	83.00%
Concentrate [member]
Statement Line Items [Line Items]
Percentage of revenue	6.00%	17.00%
Silver [member]
Statement Line Items [Line Items]
Percentage of revenue	58.00%	57.00%
Gold [member]
Statement Line Items [Line Items]
Percentage of revenue	39.00%	36.00%
Lead [member]
Statement Line Items [Line Items]
Percentage of revenue	2.00%	5.00%
Zinc [member]
Statement Line Items [Line Items]
Percentage of revenue	1.00%	2.00%

Note 7 - Cost of Sales (Details

Note 7 - Cost of Sales (Details Textual) - USD ($) $ in Millions	1 Months Ended
	Sep. 30, 2019	Nov. 30, 2018
Statement Line Items [Line Items]
Inventory write-down		$ 7.5
Partial litigation settlement	$ 1.6

Note 7 - Cost of Sales - Disclo

Note 7 - Cost of Sales - Disclosure of Detailed Information About Cost of Sales (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Consumables and materials		$ 45,947	$ 49,750
Labour costs		118,229	106,540
Energy		35,135	35,366
Other costs		13,243	13,300
Production costs		212,554	204,956
Transportation and other selling costs		2,735	3,399
Workers participation costs		9,036	5,775
Environmental duties and royalties		1,438	1,288
Inventory changes		3,459	(3,776)
(Cost recovery) writedowns related to Republic Metals Refining Corp. bankruptcy(1)	[1]	(1,600)	7,520
Standby Costs(2)	[2]	2,879
Restructuring costs(3)	[3]	1,645
		$ 232,146	$ 219,162
[1]	In November 2018, one of the refineries used by the Company, Republic Metals Refining Corp. ("Republic"), announced it filed for bankruptcy. As a result, the Company wrote off $7.5 million in inventory that were in Republic's possession for refining. In September 2019, the Company reached a partial litigation settlement for $1.6 million. The Company continues to pursue legal and insurance channels to recover the remaining balance of inventory, but there is no assurance that this inventory is recoverable.
[2]	Effective from July 2019, the Company temporarily suspended all mining and processing activities at the San Martin operation due to a growing insecurity in the area and safety concerns for our workforce. The Company is working with authorities to secure the area and uncertain of a restart date.
[3]	Effective September 2019, the Company has temporarily suspended milling operations at the La Parrilla mine. Restructuring costs reflect estimated costs, such as severance and plant closure costs, incurred or to be incurred for re-organizing the operation.

Note 8 - General and Administ_3

Note 8 - General and Administrative Expenses - Disclosure of Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Corporate administration	$ 5,202	$ 5,552
Salaries and benefits	13,797	10,412
Audit, legal and professional fees	4,943	3,421
Filing and listing fees	429	449
Directors fees and expenses	793	739
Depreciation	1,636	855
	$ 26,800	$ 21,428

Note 9 - Investment and Other_3

Note 9 - Investment and Other Income (Loss) - Disclosure of Finance Income (Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Gain (loss) from investment in marketable securities (Note 14(a))	$ 528	$ (4,704)
Gain from investment in silver futures derivatives (Note 14(b))	1,237	269
Interest income and other	6,344	3,691
	$ 8,109	$ (744)

Note 10 - Finance Costs - Discl

Note 10 - Finance Costs - Disclosure of Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Debt facilities (Note 20)	$ 10,885	$ 10,389
Finance costs	1,142	524
Accretion of decommissioning liabilities (Note 22)	2,410	1,495
Silver sales and other	710	628
	$ 15,147	$ 13,036

Note 11 - Loss Per Share (Detai

Note 11 - Loss Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Instruments with potential future dilutive effect not included in calculation of diluted earnings per share, options	7,583,439	6,644,542
Instruments with potential future dilutive effect not included in calculation of diluted earnings per share, restricted share units	128,944
Instruments with potential future dilutive effect not included in calculation of diluted earnings per share, common shares issuable under convertible debentures	16,327,598	16,327,598

Note 11 - Loss Per Share - Earn

Note 11 - Loss Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Net loss for the year		$ (40,474)	$ (204,164)
Weighted average number of shares on issue - basic and diluted(1) (in shares)	[1]	201,615,489	183,650,405
Loss per share - basic and diluted (in dollars per share)		$ (0.20)	$ (1.11)
Loss per share - diluted (in dollars per share)		$ (0.20)	$ (1.11)
[1]	For the year ended December 31, 2019, diluted weighted average number of shares excluded 7,583,439 (2018 - 6,644,542) options, 128,944 restricted share units (2018 - nil) and 16,327,598 (2018 - 16,327,598) common shares issuable under the convertible debentures (Note 20(a)) that were anti-dilutive.

Note 12 - Trade and Other Rec_3

Note 12 - Trade and Other Receivables - Disclosure of Detailed Information About Trade and Other Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Trade receivables	$ 3,503	$ 4,671
Other	792	928
	$ 4,295	$ 5,599

Note 13 - Inventories (Details

Note 13 - Inventories (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Net write-downs (reversals of write-downs) of inventories	$ 0.4	$ 3

Note 13 - Inventories - Disclos

Note 13 - Inventories - Disclosure of Detailed Information About Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Finished goods - doré and concentrates	$ 1,965	$ 2,538
Work-in-process	3,229	4,626
Stockpile	2,130	1,257
Silver coins and bullion	291	351
Materials and supplies	22,902	23,696
	$ 30,517	$ 32,468

Note 14 - Other Financial Ass_3

Note 14 - Other Financial Assets (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Statement Line Items [Line Items]
Gains (losses) on available-for-sale financial assets	$ 500	$ 4,700
Other comprehensive income, net of tax, available-for-sale financial assets	(300)	(500)
Net gains (losses) on change in fair value of derivatives	1,200	300
Futures contract [member]
Statement Line Items [Line Items]
Derivative financial assets	0	2,000
Foreign exchange derivatives, Mexican pesos [member]
Statement Line Items [Line Items]
Notional amount	$ 26,000
Average exercise rate	19.75
Foreign exchange swaps, Mexican pesos [member]
Statement Line Items [Line Items]
Notional amount	$ 1,000
Average exercise rate	19.5
Foreign exchange derivatives [member]
Statement Line Items [Line Items]
Derivative financial assets	$ 982
Net gains (losses) on change in fair value of derivatives	$ 3,000

Note 14 - Other Financial Ass_4

Note 14 - Other Financial Assets - Disclosure of Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
FVTPL marketable securities	$ 5,626	$ 4,989
FVTOCI marketable securities	880	1,431
Total marketable securities	6,506	6,420
Total other financial assets	7,488	8,458
First Mining Gold Corp. (TSX FF) [member]
Statement Line Items [Line Items]
FVTPL marketable securities	3,010	2,753
Sprott Physical Silver Trust (NYSE PSLV) [member]
Statement Line Items [Line Items]
FVTPL marketable securities	2,616	2,236
Silver future derivatives [member]
Statement Line Items [Line Items]
Derivatives		2,038
Foreign exchange derivatives [member]
Statement Line Items [Line Items]
Derivatives	$ 982

Note 15 - Mining Interests (Det

Note 15 - Mining Interests (Details Textual)	May 10, 2018USD ($)	Apr. 30, 2018	Dec. 31, 2016USD ($)ha	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Area of mining concessions | ha			5,802
Exploration costs to be incurred			$ 1,600,000
NSR royalty on related concessions			2.50%
Liabilities related to option payments			$ 1,400,000	$ 700,000
Cash outflow for option payments				700,000
Mexico - Del Toro [member]
Statement Line Items [Line Items]
Expense arising from exploration for and evaluation of mineral resources				$ 900,000
Sandstorm Gold Ltd. [member] | Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Percent of gold production required to be sold				20.00%	20.00%
Gold, selling price, per ounce					$ 450
Sandstorm Gold Ltd. [member] | Mexico - Santa Elena [member] | Annual inflation [member]
Statement Line Items [Line Items]
Purchase agreement, annual inflation increase, percent		1.00%		1.00%
Wheaton Precious Metals International Ltd. [member]
Statement Line Items [Line Items]
New stream agreement, percentage of gold equivalent production, counter party	25.00%
New stream agreement, ongoing payments, upper range limit	$ 600
New stream agreement, percentage of annual inflation adjustment	1.00%

Note 15 - Mining Interests - Di

Note 15 - Mining Interests - Disclosure of Detailed Information About Mining Interests (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Mining interests	$ 463,391	$ 435,613
Producing properties [member]
Statement Line Items [Line Items]
Mining interests	367,348	353,651
Exploration properties [member]
Statement Line Items [Line Items]
Mining interests	$ 96,043	$ 81,962	$ 86,928

Note 15 - Mining Interests - _2

Note 15 - Mining Interests - Disclosure of Detailed Information About Mining Interests, Producing Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Beginning mining interests	$ 435,613
Ending mining interests	463,391	$ 435,613
Producing properties [member]
Statement Line Items [Line Items]
Beginning mining interests	353,651
Ending mining interests	367,348	353,651
Producing properties [member] | Mexico - San Dimas [member]
Statement Line Items [Line Items]
Beginning mining interests	182,434
Ending mining interests	193,433	182,434
Producing properties [member] | Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Beginning mining interests	33,447
Ending mining interests	45,046	33,447
Producing properties [member] | Mexico - La Encantada [member]
Statement Line Items [Line Items]
Beginning mining interests	39,564
Ending mining interests	23,091	39,564
Producing properties [member] | Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Beginning mining interests	17,172
Ending mining interests	20,065	17,172
Producing properties [member] | Mexico - Del Toro [member]
Statement Line Items [Line Items]
Beginning mining interests	9,601
Ending mining interests	11,129	9,601
Producing properties [member] | Mexico - San Martin [member]
Statement Line Items [Line Items]
Beginning mining interests	50,406
Ending mining interests	53,088	50,406
Producing properties [member] | Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Beginning mining interests	21,027
Ending mining interests	21,496	21,027
Producing properties [member] | Gross carrying amount [member]
Statement Line Items [Line Items]
Beginning mining interests	816,665	582,630
Additions	46,492	45,677
Acquisition of Primero (Note 4)		178,183
Change in decommissioning liabilities (Note 22)	9,300	6,581
Transfer from exploration properties	15,577	3,594
Ending mining interests	888,034	816,665
Producing properties [member] | Gross carrying amount [member] | Mexico - San Dimas [member]
Statement Line Items [Line Items]
Beginning mining interests	193,305
Additions	24,596	11,030
Acquisition of Primero (Note 4)		178,183
Change in decommissioning liabilities (Note 22)	301	4,092
Transfer from exploration properties	2,456
Ending mining interests	220,658	193,305
Producing properties [member] | Gross carrying amount [member] | Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Beginning mining interests	45,041	36,371
Additions	6,813	7,609
Acquisition of Primero (Note 4)
Change in decommissioning liabilities (Note 22)	2,338	(633)
Transfer from exploration properties	7,462	1,694
Ending mining interests	61,654	45,041
Producing properties [member] | Gross carrying amount [member] | Mexico - La Encantada [member]
Statement Line Items [Line Items]
Beginning mining interests	99,436	88,627
Additions	5,995	5,787
Acquisition of Primero (Note 4)
Change in decommissioning liabilities (Note 22)	500	3,122
Transfer from exploration properties	5,659	1,900
Ending mining interests	111,590	99,436
Producing properties [member] | Gross carrying amount [member] | Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Beginning mining interests	163,687	155,351
Additions	5,262	8,336
Acquisition of Primero (Note 4)
Change in decommissioning liabilities (Note 22)	696
Transfer from exploration properties
Ending mining interests	169,645	163,687
Producing properties [member] | Gross carrying amount [member] | Mexico - Del Toro [member]
Statement Line Items [Line Items]
Beginning mining interests	110,876	104,635
Additions	1,735	6,241
Acquisition of Primero (Note 4)
Change in decommissioning liabilities (Note 22)	945
Transfer from exploration properties
Ending mining interests	113,556	110,876
Producing properties [member] | Gross carrying amount [member] | Mexico - San Martin [member]
Statement Line Items [Line Items]
Beginning mining interests	94,943	90,955
Additions	2,091	3,988
Acquisition of Primero (Note 4)
Change in decommissioning liabilities (Note 22)	4,051
Transfer from exploration properties
Ending mining interests	101,085	94,943
Producing properties [member] | Gross carrying amount [member] | Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Beginning mining interests	109,377	106,691
Additions		2,686
Acquisition of Primero (Note 4)
Change in decommissioning liabilities (Note 22)	469
Transfer from exploration properties
Ending mining interests	109,846	109,377
Producing properties [member] | Accumulated depreciation, amortisation and impairment [member]
Statement Line Items [Line Items]
Beginning mining interests	(463,014)	(295,412)
Depletion and amortization	(35,070)	(47,776)
Impairment (Note 18)	(22,602)	(119,826)
Ending mining interests	(520,686)	(463,014)
Producing properties [member] | Accumulated depreciation, amortisation and impairment [member] | Mexico - San Dimas [member]
Statement Line Items [Line Items]
Beginning mining interests	(10,871)
Depletion and amortization	(16,354)	(10,871)
Impairment (Note 18)
Ending mining interests	(27,225)	(10,871)
Producing properties [member] | Accumulated depreciation, amortisation and impairment [member] | Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Beginning mining interests	(11,594)	(7,639)
Depletion and amortization	(5,014)	(3,955)
Impairment (Note 18)
Ending mining interests	(16,608)	(11,594)
Producing properties [member] | Accumulated depreciation, amortisation and impairment [member] | Mexico - La Encantada [member]
Statement Line Items [Line Items]
Beginning mining interests	(59,872)	(55,564)
Depletion and amortization	(6,025)	(4,308)
Impairment (Note 18)	(22,602)
Ending mining interests	(88,499)	(59,872)
Producing properties [member] | Accumulated depreciation, amortisation and impairment [member] | Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Beginning mining interests	(146,515)	(62,144)
Depletion and amortization	(3,065)	(16,470)
Impairment (Note 18)		(67,901)
Ending mining interests	(149,580)	(146,515)
Producing properties [member] | Accumulated depreciation, amortisation and impairment [member] | Mexico - Del Toro [member]
Statement Line Items [Line Items]
Beginning mining interests	(101,275)	(67,154)
Depletion and amortization	(1,152)	(4,850)
Impairment (Note 18)		(29,271)
Ending mining interests	(102,427)	(101,275)
Producing properties [member] | Accumulated depreciation, amortisation and impairment [member] | Mexico - San Martin [member]
Statement Line Items [Line Items]
Beginning mining interests	(44,537)	(40,317)
Depletion and amortization	(3,460)	(4,220)
Impairment (Note 18)
Ending mining interests	(47,997)	(44,537)
Producing properties [member] | Accumulated depreciation, amortisation and impairment [member] | Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Beginning mining interests	(88,350)	(62,594)
Depletion and amortization		(3,102)
Impairment (Note 18)		(22,654)
Ending mining interests	$ (88,350)	$ (88,350)

Note 15 - Mining Interests - _3

Note 15 - Mining Interests - Disclosure of Detailed Information About Mining Interests, Exploration Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Beginning mining interests	$ 435,613
Ending mining interests	463,391	$ 435,613
Exploration properties [member]
Statement Line Items [Line Items]
Beginning mining interests	81,962	86,928
Exploration and evaluation expenditures	30,481	27,800
Impairment (Note 18)	(1,061)	(29,172)
Transfer from exploration properties	(15,577)	(3,594)
Change in decommissioning liabilities (Note 22)	238
Ending mining interests	96,043	81,962
Exploration properties [member] | Mexico - San Dimas [member]
Statement Line Items [Line Items]
Beginning mining interests	3,705
Exploration and evaluation expenditures	7,450	3,705
Impairment (Note 18)
Transfer from exploration properties	(2,456)
Change in decommissioning liabilities (Note 22)
Ending mining interests	8,699	3,705
Exploration properties [member] | Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Beginning mining interests	14,316	7,777
Exploration and evaluation expenditures	11,738	8,233
Impairment (Note 18)
Transfer from exploration properties	(7,462)	(1,694)
Change in decommissioning liabilities (Note 22)
Ending mining interests	18,592	14,316
Exploration properties [member] | Mexico - La Encantada [member]
Statement Line Items [Line Items]
Beginning mining interests	5,660	5,221
Exploration and evaluation expenditures	2,164	2,339
Impairment (Note 18)	(1,061)
Transfer from exploration properties	(5,659)	(1,900)
Change in decommissioning liabilities (Note 22)
Ending mining interests	1,104	5,660
Exploration properties [member] | Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Beginning mining interests	3,486	13,982
Exploration and evaluation expenditures	3,862	3,291
Impairment (Note 18)		(13,787)
Transfer from exploration properties
Change in decommissioning liabilities (Note 22)
Ending mining interests	7,348	3,486
Exploration properties [member] | Mexico - Del Toro [member]
Statement Line Items [Line Items]
Beginning mining interests	3,082	10,117
Exploration and evaluation expenditures	2,484	2,363
Impairment (Note 18)		(9,398)
Transfer from exploration properties
Change in decommissioning liabilities (Note 22)
Ending mining interests	5,566	3,082
Exploration properties [member] | Mexico - San Martin [member]
Statement Line Items [Line Items]
Beginning mining interests	12,538	9,599
Exploration and evaluation expenditures	1,751	2,939
Impairment (Note 18)
Transfer from exploration properties
Change in decommissioning liabilities (Note 22)
Ending mining interests	14,289	12,538
Exploration properties [member] | Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Beginning mining interests	5,735	10,385
Exploration and evaluation expenditures		1,337
Impairment (Note 18)		(5,987)
Transfer from exploration properties
Change in decommissioning liabilities (Note 22)
Ending mining interests	5,735	5,735
Exploration properties [member] | All other segments [member]
Statement Line Items [Line Items]
Beginning mining interests	33,440	29,847
Exploration and evaluation expenditures	1,032	3,593
Impairment (Note 18)
Transfer from exploration properties
Change in decommissioning liabilities (Note 22)	238
Ending mining interests	$ 34,710	$ 33,440

Note 16 - Property, Plant and_3

Note 16 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Total property, plant and equipment	$ 236,639	$ 251,084
Land not subject to depreciation [member]
Statement Line Items [Line Items]
Total property, plant and equipment	$ 11,500	$ 11,500

Note 16 - Property, Plant, and

Note 16 - Property, Plant, and Equipment - Disclosure of Detailed Information About Property, Plant and Equipment (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Beginning property, plant and equipment		$ 251,084
Ending property, plant and equipment		236,639	$ 251,084
Land and buildings [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	[1]	66,606
Ending property, plant and equipment	[1]	69,372	66,606
Machinery and Equipment [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		138,903
Ending property, plant and equipment		130,355	138,903
Assets under construction [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		35,673
Ending property, plant and equipment		27,645	35,673
Other property, plant and equipment [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		9,902
Ending property, plant and equipment		9,267	9,902
Gross carrying amount [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		667,809	512,957
Additions		47,221	33,710
Acquisition of Primero (Note 4)			122,815
Transfers and disposals		(7,880)	(1,673)
Ending property, plant and equipment		707,150	667,809
Gross carrying amount [member] | Land and buildings [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	[1]	177,864	134,398
Additions	[1]		9
Acquisition of Primero (Note 4)	[1]		40,404
Transfers and disposals	[1]	20,548	3,053
Ending property, plant and equipment	[1]	198,412	177,864
Gross carrying amount [member] | Machinery and Equipment [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		430,862	341,899
Additions		1,991	4,411
Acquisition of Primero (Note 4)			70,064
Transfers and disposals		23,802	14,488
Ending property, plant and equipment		456,655	430,862
Gross carrying amount [member] | Assets under construction [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		35,673	21,949
Additions		44,709	28,669
Acquisition of Primero (Note 4)			7,169
Transfers and disposals		(52,737)	(22,114)
Ending property, plant and equipment		27,645	35,673
Gross carrying amount [member] | Other property, plant and equipment [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		23,410	14,711
Additions		521	621
Acquisition of Primero (Note 4)			5,178
Transfers and disposals		507	2,900
Ending property, plant and equipment		24,438	23,410
Accumulated depreciation, amortisation and impairment [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		(416,725)	(320,905)
Transfers and disposals		5,919	1,512
Depreciation and amortization		(30,931)	(46,642)
Impairment (Note 18)		(28,774)	(50,690)
Ending property, plant and equipment		(470,511)	(416,725)
Accumulated depreciation, amortisation and impairment [member] | Land and buildings [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	[1]	(111,258)	(86,404)
Transfers and disposals	[1]	271
Depreciation and amortization	[1]	(4,980)	(8,215)
Impairment (Note 18)	[1]	(13,073)	(16,639)
Ending property, plant and equipment	[1]	(129,040)	(111,258)
Accumulated depreciation, amortisation and impairment [member] | Machinery and Equipment [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		(291,959)	(223,353)
Transfers and disposals		5,189	1,464
Depreciation and amortization		(23,829)	(36,650)
Impairment (Note 18)		(15,701)	(33,420)
Ending property, plant and equipment		(326,300)	(291,959)
Accumulated depreciation, amortisation and impairment [member] | Assets under construction [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment
Transfers and disposals
Depreciation and amortization
Impairment (Note 18)
Ending property, plant and equipment
Accumulated depreciation, amortisation and impairment [member] | Other property, plant and equipment [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment		(13,508)	(11,148)
Transfers and disposals		459	48
Depreciation and amortization		(2,122)	(1,777)
Impairment (Note 18)			(631)
Ending property, plant and equipment		$ (15,171)	$ (13,508)
[1]	Included in land and buildings is $11.5 million ( December 31, 2018 - $11.5 million) of land which is not subject to depreciation.

Note 16 - Property, Plant and_4

Note 16 - Property, Plant and Equipment - Disclosure of Detailed Information About Property, Plant and Equipment, Allocated By Mine (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Beginning property, plant and equipment	$ 251,084
Ending property, plant and equipment	236,639	$ 251,084
Mexico - San Dimas [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	120,218
Ending property, plant and equipment	116,556	120,218
Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	39,664
Ending property, plant and equipment	47,787	39,664
Mexico - La Encantada [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	43,060
Ending property, plant and equipment	14,736	43,060
Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	7,603
Ending property, plant and equipment	7,723	7,603
Mexico - Del Toro [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	5,775
Ending property, plant and equipment	6,002	5,775
Mexico - San Martin [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	18,373
Ending property, plant and equipment	16,043	18,373
Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	1,475
Ending property, plant and equipment	1,282	1,475
All other segments [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	14,916
Ending property, plant and equipment	26,510	14,916
Gross carrying amount [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	667,809	512,957
Additions	47,221	33,710
Acquisition of Primero (Note 4)		122,815
Transfers and disposals	(7,880)	(1,673)
Transfers and disposals	(7,880)	(1,673)
Ending property, plant and equipment	707,150	667,809
Gross carrying amount [member] | Mexico - San Dimas [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	127,763
Additions	10,465	5,750
Acquisition of Primero (Note 4)		122,815
Transfers and disposals	(1,925)	(802)
Transfers and disposals	(1,925)	(802)
Ending property, plant and equipment	136,303	127,763
Gross carrying amount [member] | Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	76,671	73,684
Additions	4,453	3,066
Acquisition of Primero (Note 4)
Transfers and disposals	9,638	(79)
Transfers and disposals	9,638	(79)
Ending property, plant and equipment	90,762	76,671
Gross carrying amount [member] | Mexico - La Encantada [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	132,146	124,198
Additions	5,066	8,812
Acquisition of Primero (Note 4)
Transfers and disposals	90	(864)
Transfers and disposals	90	(864)
Ending property, plant and equipment	137,302	132,146
Gross carrying amount [member] | Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	99,046	96,491
Additions	1,379	2,564
Acquisition of Primero (Note 4)
Transfers and disposals	(4,104)	(9)
Transfers and disposals	(4,104)	(9)
Ending property, plant and equipment	96,321	99,046
Gross carrying amount [member] | Mexico - Del Toro [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	121,528	117,201
Additions	667	3,016
Acquisition of Primero (Note 4)
Transfers and disposals	(47)	1,311
Transfers and disposals	(47)	1,311
Ending property, plant and equipment	122,148	121,528
Gross carrying amount [member] | Mexico - San Martin [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	51,700	47,541
Additions	1,027	2,375
Acquisition of Primero (Note 4)
Transfers and disposals	(409)	1,784
Transfers and disposals	(409)	1,784
Ending property, plant and equipment	52,318	51,700
Gross carrying amount [member] | Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	26,763	28,115
Additions		1,296
Acquisition of Primero (Note 4)
Transfers and disposals	(310)	(2,648)
Transfers and disposals	(310)	(2,648)
Ending property, plant and equipment	26,453	26,763
Gross carrying amount [member] | All other segments [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	32,192	25,727
Additions	24,164	6,831
Acquisition of Primero (Note 4)
Transfers and disposals	(10,813)	(366)
Transfers and disposals	(10,813)	(366)
Ending property, plant and equipment	45,543	32,192
Accumulated depreciation, amortisation and impairment [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(416,725)	(320,905)
Transfers and disposals	5,919	1,512
Depreciation and amortization	(30,931)	(46,642)
Transfers and disposals	5,919	1,512
Impairment (Note 18)	(28,774)	(50,690)
Ending property, plant and equipment	(470,511)	(416,725)
Accumulated depreciation, amortisation and impairment [member] | Mexico - San Dimas [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(7,545)
Transfers and disposals	153	634
Depreciation and amortization	(12,355)	(8,179)
Transfers and disposals	153	634
Impairment (Note 18)
Ending property, plant and equipment	(19,747)	(7,545)
Accumulated depreciation, amortisation and impairment [member] | Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(37,007)	(28,898)
Transfers and disposals	1,021	288
Depreciation and amortization	(6,989)	(8,397)
Transfers and disposals	1,021	288
Impairment (Note 18)
Ending property, plant and equipment	(42,975)	(37,007)
Accumulated depreciation, amortisation and impairment [member] | Mexico - La Encantada [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(89,086)	(80,269)
Transfers and disposals	572	829
Depreciation and amortization	(5,278)	(9,646)
Transfers and disposals	572	829
Impairment (Note 18)	(28,774)
Ending property, plant and equipment	(122,566)	(89,086)
Accumulated depreciation, amortisation and impairment [member] | Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(91,443)	(52,984)
Transfers and disposals	3,406	92
Depreciation and amortization	(561)	(8,489)
Transfers and disposals	3,406	92
Impairment (Note 18)		(30,062)
Ending property, plant and equipment	(88,598)	(91,443)
Accumulated depreciation, amortisation and impairment [member] | Mexico - Del Toro [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(115,753)	(93,579)
Transfers and disposals	65	(804)
Depreciation and amortization	(458)	(3,761)
Transfers and disposals	65	(804)
Impairment (Note 18)		(17,609)
Ending property, plant and equipment	(116,146)	(115,753)
Accumulated depreciation, amortisation and impairment [member] | Mexico - San Martin [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(33,327)	(27,789)
Transfers and disposals	411	(1,150)
Depreciation and amortization	(3,359)	(4,388)
Transfers and disposals	411	(1,150)
Impairment (Note 18)
Ending property, plant and equipment	(36,275)	(33,327)
Accumulated depreciation, amortisation and impairment [member] | Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(25,288)	(21,654)
Transfers and disposals	117	1,546
Depreciation and amortization		(2,161)
Transfers and disposals	117	1,546
Impairment (Note 18)		(3,019)
Ending property, plant and equipment	(25,171)	(25,288)
Accumulated depreciation, amortisation and impairment [member] | All other segments [member]
Statement Line Items [Line Items]
Beginning property, plant and equipment	(17,276)	(15,732)
Transfers and disposals	174	77
Depreciation and amortization	(1,931)	(1,621)
Transfers and disposals	174	77
Impairment (Note 18)
Ending property, plant and equipment	$ (19,033)	$ (17,276)

Note 17 - Right-of-use Assets -

Note 17 - Right-of-use Assets - Right-of-use Assets (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Statement Line Items [Line Items]
At December 31, 2018
Initial adoption of IFRS 16 (Note 3)	3,682
Additions	14,703
Remeasurements	1,918
Depreciation and amortization	(1,967)
Impairment (Note 18)	(6,302)
At December 31, 2019	12,034
Land and buildings [member]
Statement Line Items [Line Items]
At December 31, 2018
Initial adoption of IFRS 16 (Note 3)	2,624
Additions	571
Remeasurements	1,686
Depreciation and amortization	(674)
Impairment (Note 18)
At December 31, 2019	4,207
Machinery and Equipment [member]
Statement Line Items [Line Items]
At December 31, 2018
Initial adoption of IFRS 16 (Note 3)	1,036
Additions	14,132
Remeasurements	232
Depreciation and amortization	(1,286)
Impairment (Note 18)	(6,302)
At December 31, 2019	7,812
Other property, plant and equipment [member]
Statement Line Items [Line Items]
At December 31, 2018
Initial adoption of IFRS 16 (Note 3)	22
Additions
Remeasurements
Depreciation and amortization	(7)
Impairment (Note 18)
At December 31, 2019	$ 15

Note 18 - Impairment of Non-c_3

Note 18 - Impairment of Non-current Assets (Details Textual)	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Discount rate applied to cash flow projections	4.50%	6.50%

Note 18 - Impairment of Non-c_4

Note 18 - Impairment of Non-current Assets - Disclosure of Impairment Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Impairment of non-current assets	$ 58,739	$ 199,688
Deferred income tax recovery	(6,300)	(48,588)
Impairment of non-current assets, net of tax	52,439	151,100
Mexico - La Encantada [member]
Statement Line Items [Line Items]
Impairment of non-current assets	58,739
Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Impairment of non-current assets		111,750
Mexico - Del Toro [member]
Statement Line Items [Line Items]
Impairment of non-current assets		56,278
Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Impairment of non-current assets		$ 31,660

Note 18 - Impairment of Non-c_5

Note 18 - Impairment of Non-current Assets - Disclosure of Impairment Loss In Respect of Each Operating Segment Or Project (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Impairment of non-current assets	$ 58,739	$ 199,688
Right-of-use assets [member]
Statement Line Items [Line Items]
Impairment of non-current assets	6,302
Producing properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets	22,602	119,826
Exploration properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets	1,061	29,172
Property, plant and equipment other than mining interests [member]
Statement Line Items [Line Items]
Impairment of non-current assets	28,774	50,690
Mexico - La Encantada [member]
Statement Line Items [Line Items]
Impairment of non-current assets	58,739
Mexico - La Encantada [member] | Right-of-use assets [member]
Statement Line Items [Line Items]
Impairment of non-current assets	6,302
Mexico - La Encantada [member] | Producing properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets	22,602
Mexico - La Encantada [member] | Exploration properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets	1,061
Mexico - La Encantada [member] | Property, plant and equipment other than mining interests [member]
Statement Line Items [Line Items]
Impairment of non-current assets	28,774
Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Impairment of non-current assets		111,750
Mexico - La Parrilla [member] | Producing properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets		67,901
Mexico - La Parrilla [member] | Exploration properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets		13,787
Mexico - La Parrilla [member] | Property, plant and equipment other than mining interests [member]
Statement Line Items [Line Items]
Impairment of non-current assets		30,062
Mexico - Del Toro [member]
Statement Line Items [Line Items]
Impairment of non-current assets		56,278
Mexico - Del Toro [member] | Producing properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets		29,271
Mexico - Del Toro [member] | Exploration properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets		9,398
Mexico - Del Toro [member] | Property, plant and equipment other than mining interests [member]
Statement Line Items [Line Items]
Impairment of non-current assets		17,609
Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Impairment of non-current assets		31,660
Mexico - La Guitarra [member] | Producing properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets		22,654
Mexico - La Guitarra [member] | Exploration properties [member]
Statement Line Items [Line Items]
Impairment of non-current assets		5,987
Mexico - La Guitarra [member] | Property, plant and equipment other than mining interests [member]
Statement Line Items [Line Items]
Impairment of non-current assets		$ 3,019

Note 18 - Impairment of Non-c_6

Note 18 - Impairment of Non-current Assets - Explanation of Inputs, Assumptions and Estimation Techniques Used to Apply Impairment Requirements (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
The 2019 to 2022 average [member] | Silver (per ounce) [member]
Statement Line Items [Line Items]
Average commodity price	$ 18.84
The 2019 to 2022 average [member] | Gold (per ounce) [member]
Statement Line Items [Line Items]
Average commodity price	1,536
Long-term [member] | Silver (per ounce) [member]
Statement Line Items [Line Items]
Average commodity price	19.50	$ 18.50
Long-term [member] | Gold (per ounce) [member]
Statement Line Items [Line Items]
Average commodity price	$ 1,416	1,350
Long-term [member] | Lead (per pound) [member]
Statement Line Items [Line Items]
Average commodity price		1
Long-term [member] | Zinc (per pound) [member]
Statement Line Items [Line Items]
Average commodity price		1.19
The 2018-2021 average [member] | Silver (per ounce) [member]
Statement Line Items [Line Items]
Average commodity price		17.23
The 2018-2021 average [member] | Gold (per ounce) [member]
Statement Line Items [Line Items]
Average commodity price		1,318
The 2018-2021 average [member] | Lead (per pound) [member]
Statement Line Items [Line Items]
Average commodity price		0.99
The 2018-2021 average [member] | Zinc (per pound) [member]
Statement Line Items [Line Items]
Average commodity price		$ 1.19

Note 19 - Trade and Other Pay_3

Note 19 - Trade and Other Payables - Disclosure of Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Trade payables	$ 23,984	$ 26,420
Trade related accruals	12,314	9,351
Payroll and related benefits	19,059	11,255
Environmental duty	1,483	1,536
Other accrued liabilities	2,283	1,621
	$ 59,123	$ 50,183

Note 20 - Debt Facilities (Deta

Note 20 - Debt Facilities (Details Textual) $ / shares in Units, $ in Millions	May 10, 2018USD ($)	Mar. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2019
Statement Line Items [Line Items]
Equipment financing obligations, maximum available	$ 30
Five year convertible debentures [member]
Statement Line Items [Line Items]
Proceeds from issuing convertible debentures		$ 156.5
Proceeds from issuing convertible debentures, net		151.1
Payments of transaction costs for borrowings		$ 5.4
Borrowings, interest rate		1.875%
Convertible debentures, conversion rate per $1000 | shares		104.3297
Convertible debentures, conversion price per share | $ / shares		$ 9.59
Convertible debentures, share price threshold		130.00%
Convertible debentures, fair value of the debt portion		$ 124.8
Convertible debentures, fair value of debt portion, discounted cash flow model method, expected life		5 years
Convertible debentures, fair value of debt portion, discounted cash flow model method, discount rate		6.14%
Convertible debentures, fair value component, effective interest rate		6.47%
Reserve of equity component of convertible instruments		$ 26.3
Reserve of equity component of convertible instruments, deferred tax liability		7.1
Amortizable transaction costs		$ 5.4
Borrowings, maturity		March 1, 2023
Convertible debentures, earliest redemption date		Mar. 6, 2021
Revolving credit facility with three lenders [member]
Statement Line Items [Line Items]
Borrowings available under line of credit	$ 75
Line of credit, term	3 years
Line of credit, standby fee, percentage of undrawn portion			0.6875%
Covenant leverage ratio based on total debt to rolling four quarters adjusted EBITDA	3
Interest Coverage Ratio Covenant	4
Tangible Net worth threshold covenants	$ 563.5
Tangible net worth threshold, covenants, percentage of positive earnings added to tangible net worth	50.00%
Revolving credit facility with three lenders [member] | Floating interest rate [member]
Statement Line Items [Line Items]
Borrowings, interest rate			4.50%
Revolving credit facility with three lenders [member] | Bottom of range [member]
Statement Line Items [Line Items]
Borrowings, adjustment to interest rate basis	2.25%
Line of credit, standby fee, percentage of undrawn portion	0.5625%
Revolving credit facility with three lenders [member] | Top of range [member]
Statement Line Items [Line Items]
Borrowings, adjustment to interest rate basis	3.50%
Line of credit, standby fee, percentage of undrawn portion	0.875%

Note 20 - Debt Facilities - Dis

Note 20 - Debt Facilities - Disclosure of Detailed Information About Debt Activity (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018		Dec. 31, 2017
Statement Line Items [Line Items]
Debt facilities, balance		$ 155,818	$ 149,512		$ 31,769
Net proceeds from convertible debentures			151,079
Portion allocated to equity reserves			(26,252)
Net proceeds from revolving credit facility			34,006
Acquisition of Primero (Note 4)			106,111
Interest and accretion expense		4,473	4,437
Accretion		6,412	5,952
Repayments of principal			(154,183)
Payments of finance costs		(4,579)	(3,407)
Current portion of debt facilities		1,175	1,281
Debt facilities		154,643	148,231
Five year convertible debentures [member]
Statement Line Items [Line Items]
Debt facilities, balance	[1]	136,607	130,807
Net proceeds from convertible debentures	[1]		151,079
Portion allocated to equity reserves	[1]		(26,252)
Net proceeds from revolving credit facility	[1]
Acquisition of Primero (Note 4)	[1]
Interest and accretion expense	[1]	2,975	2,738
Accretion	[1]	5,758	4,978
Repayments of principal	[1]
Payments of finance costs	[1]	(2,933)	(1,736)
Current portion of debt facilities	[1]	1,043	1,002
Debt facilities	[1]	135,564	129,805
Revolving credit facility with three lenders [member]
Statement Line Items [Line Items]
Debt facilities, balance	[2]	19,211	18,705
Net proceeds from convertible debentures	[2]
Portion allocated to equity reserves	[2]
Net proceeds from revolving credit facility	[2]		34,006
Acquisition of Primero (Note 4)	[2]
Interest and accretion expense	[2]	1,498	1,170
Accretion	[2]	654	419
Repayments of principal	[2]		(16,000)
Payments of finance costs	[2]	(1,646)	(890)
Current portion of debt facilities	[2]	132	279
Debt facilities		19,079	18,426
Scotia Debt Facilities [Member]
Statement Line Items [Line Items]
Debt facilities, balance				[3]	31,769
Net proceeds from convertible debentures
Portion allocated to equity reserves
Net proceeds from revolving credit facility
Acquisition of Primero (Note 4)
Interest and accretion expense			529
Accretion			555
Repayments of principal			(32,072)
Payments of finance costs			(781)
Current portion of debt facilities
Debt facilities
Primero Debt Facilities [Member]
Statement Line Items [Line Items]
Debt facilities, balance				[4]
Net proceeds from convertible debentures
Portion allocated to equity reserves
Net proceeds from revolving credit facility
Acquisition of Primero (Note 4)			106,111
Interest and accretion expense
Accretion
Repayments of principal			(106,111)
Payments of finance costs
Current portion of debt facilities
Debt facilities
[1]	During the first quarter of 2018, the Company issued $156.5 million of unsecured senior convertible debentures (the "Notes"). The Company received net proceeds of $151.1 million after transaction costs of $5.4 million. The Notes mature on March 1, 2023 and bear an interest rate of 1.875% per annum, payable semi-annually in arrears in March and September of each year. The Notes are convertible into common shares of the Company at any time prior to maturity at a conversion rate of 104.3297 common shares per $1,000 principal amount of Notes converted, representing an initial conversion price of $9.59 per common share, subject to certain anti-dilution adjustments. In addition, if certain fundamental changes occur, holders of the Notes may be entitled to an increased conversion rate. The Company may not redeem the Notes before March 6, 2021, except in the event of certain changes in Canadian tax law. At any time on or after March 6, 2021 and until maturity, the Company may redeem all or part of the Notes for cash if the last reported share price of the Company's common shares for 20 or more trading days in a period of 30 consecutive trading days exceeds 130% of the conversion price. The redemption price is equal to the sum of: (i) 100% of the principal amount of the notes to be redeemed and (ii) accrued and unpaid interest, if any, to the redemption date. The Company is required to offer to purchase for cash all of the outstanding Notes upon a fundamental change, at a cash purchase price equal to 100% of the principal amount of the Notes to be purchased, plus accrued and unpaid interest, if any, to the fundamental change purchase date. The component parts of the convertible debentures, a compound instrument, are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangement and the definitions of a financial liability and an equity instrument. A conversion option that will be settled by the exchange of a fixed amount of cash or another financial asset for a fixed number of the Company's own equity instrument is an equity instrument. At initial recognition, net proceeds of $151.1 million from the Notes were allocated into its debt and equity components. The fair value of the debt portion was estimated at $124.8 million using a discounted cash flow model method with an expected life of five years and a discount rate of 6.14%. This amount is recorded as a financial liability on an amortized cost basis using the effective interest method using an effective interest rate of 6.47% until extinguished upon conversion or at its maturity date. The conversion option is classified as equity and was estimated based on the residual value of $26.3 million. This amount is not subsequently remeasured and will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share capital. Where the conversion option remains unexercised at the maturity date of the convertible note, the balance will remain in equity reserves. Deferred tax liability of $7.1 million related to taxable temporary difference arising from the equity portion of the convertible debenture was recognized in equity reserves. Transaction costs of $5.4 million that relate to the issuance of the convertible debentures were allocated to the liability and equity components in proportion to the allocation of the gross proceeds. Transaction costs relating to the equity component are recognized directly in equity. Transaction costs relating to the liability component are included in the carrying amount of the liability component and are amortized over the life of the convertible debentures using the effective interest method.
[2]	On May 10, 2018, the Company entered into a $75.0 million senior secured revolving credit facility ("Revolving Credit Facility") with the Bank of Nova Scotia, Bank of Montreal and Investec Bank PLC, as lenders. The Revolving Credit Facility will mature on its third anniversary date. Interest on the drawn balance will accrue at LIBOR plus an applicable range of 2.25% to 3.5% while the undrawn portion is subject to a standby fee with an applicable range of 0.5625% to 0.875%, dependent on certain financial parameters of First Majestic. As at December 31, 2019, the applicable rates were 4.5% and 0.6875%, respectively. These debt facilities are guaranteed by certain subsidiaries of the Company and are also secured by a first priority charge against the assets of the Company, and a first priority pledge of shares of the Company's subsidiaries. The Revolving Credit Facility includes financial covenants, to be tested quarterly on a consolidated basis, requiring First Majestic to maintain the following: (a) a leverage ratio based on total debt to rolling four quarters adjusted EBITDA of not more than 3.00 to 1.00; (b) an interest coverage ratio, based on rolling four quarters adjusted EBITDA divided by interest payments, of not less than 4.00 to 1.00; and (c) tangible net worth of not less than $563.5 million plus 50% of its positive earnings subsequent to June 30, 2018. The debt facilities also provide for negative covenants customary for these types of facilities and allows the Company to enter into finance leases up to $30.0 million. As at December 31, 2019 and December 31, 2018, the Company was in compliance with these covenants.
[3]	In February 2016, the Company entered into an agreement with The Bank of Nova Scotia and Investec Bank PLC for a senior secured debt facility consisting of a $35.0 million term loan and a $25.0 million revolving credit facility (together, "Scotia Debt Facilities"). The $35.0 million term loan was repayable in 11 equal quarterly instalments of $3.2 million in principal plus related interest, with the final instalment due in February 2019. The term loan bears an interest rate of LIBOR plus a range from 3.25% to 4.00%, depending on certain financial parameters of the Company. The $25.0 million revolving credit facility was to mature in three years on February 8, 2019 and bears the same interest rate as the term loan plus a relevant standby fee from 0.81% to 1.00% from the undrawn portion of the facility. In connection with the acquisition of Primero (Note 4), First Majestic restructured its debt by entering into a Revolving Credit Facility (Note 19(b)) which was used to repay the remaining balance of the Scotia Debt Facilities on May 10, 2018.
[4]	As part of the acquisition of Primero (Note 4), First Majestic assumed $106.1 million in outstanding debt facilities owed by Primero, consisting of $75.8 million in convertible debentures and a $30.2 million revolving credit facility (together, "Primero Debt Facilities"). In connection with the Plan of Arrangement for the acquisition of Primero (Note 4), in March 2018, the debentureholders of Primero's $75.8 million convertible debentures voted to approve an amendment to the maturity date of the debentures from February 28, 2020 to the next business day following the closing date of the business combination with First Majestic. As a result, these convertible debentures were fully repaid by the Company on May 11, 2018. The $30.2 million revolving credit facility was fully repaid by the Company on May 10, 2018.

Note 21 - Lease Liabilities (De

Note 21 - Lease Liabilities (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)
Statement Line Items [Line Items]
Total lease liabilities	$ 21,936	$ 9,305		$ 5,847
IFRS 16 [Member]
Statement Line Items [Line Items]
Total lease liabilities			$ 3,700
Finance leases [member]
Statement Line Items [Line Items]
Property, plant and equipment, pledged as security	300			600
Equipment Financing [member]
Statement Line Items [Line Items]
Property, plant and equipment, pledged as security	$ 3,300			$ 4,600
Proceeds from equipment financing obligations		$ 7,900
Borrowings, adjustment to interest rate basis	4.60%
Bottom of range [member]
Statement Line Items [Line Items]
Finance leases term	2 years
Operating leases remaning lease term	1 year
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16	5.80%
Bottom of range [member] | IFRS 16 [Member]
Statement Line Items [Line Items]
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16			5.80%
Bottom of range [member] | Finance leases [member]
Statement Line Items [Line Items]
Borrowings, interest rate	6.90%
Bottom of range [member] | Equipment Financing [member]
Statement Line Items [Line Items]
Quarterly lease terms		12
Top of range [member]
Statement Line Items [Line Items]
Finance leases term	4 years
Operating leases remaning lease term	10 years
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16	11.20%
Top of range [member] | IFRS 16 [Member]
Statement Line Items [Line Items]
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16			12.40%
Top of range [member] | Finance leases [member]
Statement Line Items [Line Items]
Borrowings, interest rate	7.50%
Top of range [member] | Equipment Financing [member]
Statement Line Items [Line Items]
Quarterly lease terms		16

Note 21 - Lease Liabilities - M

Note 21 - Lease Liabilities - Movement in Lease Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Balance	$ 21,936	$ 5,847	$ 9,305
Finance costs	1,142	524
Repayments of principal	(5,213)	(3,546)
Payments of finance costs	(397)	(436)
Initial adoption of IFRS 16 (Note 2)	3,682
Additions	14,706
Remeasurements	1,918
Foreign exchange loss	251
Current portion of lease liabilities	6,920	2,904
Lease liabilities	15,016	2,943
Finance leases [member]
Statement Line Items [Line Items]
Balance	50	409	2,109
Finance costs	18	80
Repayments of principal	(359)	(1,700)
Payments of finance costs	(18)	(80)
Initial adoption of IFRS 16 (Note 2)
Additions
Remeasurements
Foreign exchange loss
Current portion of lease liabilities	50	352
Lease liabilities		57
Operating leases [member]
Statement Line Items [Line Items]
Balance	18,951
Finance costs	789
Repayments of principal	(2,395)
Payments of finance costs
Initial adoption of IFRS 16 (Note 2)	3,682
Additions	14,706
Remeasurements	1,918
Foreign exchange loss	251
Current portion of lease liabilities	4,518
Lease liabilities	14,433
Equipment Financing [member]
Statement Line Items [Line Items]
Balance	2,935	5,438	$ 7,196
Finance costs	335	444
Repayments of principal	(2,459)	(1,846)
Payments of finance costs	(379)	(356)
Initial adoption of IFRS 16 (Note 2)
Additions
Remeasurements
Foreign exchange loss
Current portion of lease liabilities	2,352	2,552
Lease liabilities	$ 583	$ 2,886

Note 21 - Lease Liabilities - L

Note 21 - Lease Liabilities - Lease Payments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Statement Line Items [Line Items]
Expenses relating to short-term leases	$ 42,994
Expenses relating to variable lease payments not included in the measurement of lease liability	14,241
	$ 57,235

Note 22 - Decommissioning Lia_3

Note 22 - Decommissioning Liabilities (Details Textual)	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Historical inflation rate	4.00%	3.80%
Bottom of range [member]
Statement Line Items [Line Items]
Discount rate used in current estimate of value in use	6.60%	8.60%
Top of range [member]
Statement Line Items [Line Items]
Discount rate used in current estimate of value in use	6.80%	9.30%

Note 22 - Decommissioning Lia_4

Note 22 - Decommissioning Liabilities - Disclosure of Detailed Information About Decommissioning Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Beginning decommissioning liabilities	$ 27,796	$ 16,076
Acquisition of Primero		4,095
Change in rehabilitation provision	9,538	6,581
Reclamation costs incurred	(104)	(464)
Interest or accretion expense	2,410	1,495
Foreign exchange loss	888	13
Ending decommissioning liabilities	40,528	27,796
Mexico - San Dimas [member]
Statement Line Items [Line Items]
Beginning decommissioning liabilities	8,412
Acquisition of Primero		4,095
Change in rehabilitation provision	301	4,092
Reclamation costs incurred
Interest or accretion expense	744	225
Foreign exchange loss	(15)
Ending decommissioning liabilities	9,442	8,412
Mexico - Santa Elena [member]
Statement Line Items [Line Items]
Beginning decommissioning liabilities	2,321	2,730
Acquisition of Primero
Change in rehabilitation provision	2,338	(633)
Reclamation costs incurred
Interest or accretion expense	207	221
Foreign exchange loss	105	3
Ending decommissioning liabilities	4,971	2,321
Mexico - La Encantada [member]
Statement Line Items [Line Items]
Beginning decommissioning liabilities	6,709	3,317
Acquisition of Primero
Change in rehabilitation provision	500	3,122
Reclamation costs incurred
Interest or accretion expense	592	269
Foreign exchange loss	311	1
Ending decommissioning liabilities	8,112	6,709
Mexico - San Martin [member]
Statement Line Items [Line Items]
Beginning decommissioning liabilities	2,694	2,488
Acquisition of Primero
Change in rehabilitation provision	4,051
Reclamation costs incurred
Interest or accretion expense	237	204
Foreign exchange loss	121	2
Ending decommissioning liabilities	7,103	2,694
Mexico - La Parrilla [member]
Statement Line Items [Line Items]
Beginning decommissioning liabilities	3,245	3,002
Acquisition of Primero
Change in rehabilitation provision	696
Reclamation costs incurred		(2)
Interest or accretion expense	282	243
Foreign exchange loss	114	2
Ending decommissioning liabilities	4,337	3,245
Mexico - Del Toro [member]
Statement Line Items [Line Items]
Beginning decommissioning liabilities	2,498	2,545
Acquisition of Primero
Change in rehabilitation provision	945
Reclamation costs incurred		(259)
Interest or accretion expense	219	208
Foreign exchange loss	107	4
Ending decommissioning liabilities	3,769	2,498
Mexico - La Guitarra [member]
Statement Line Items [Line Items]
Beginning decommissioning liabilities	1,615	1,692
Acquisition of Primero
Change in rehabilitation provision	469
Reclamation costs incurred	(104)	(203)
Interest or accretion expense	129	125
Foreign exchange loss	69	1
Ending decommissioning liabilities	2,178	1,615
La Luz [member]
Statement Line Items [Line Items]
Beginning decommissioning liabilities	302	302
Acquisition of Primero
Change in rehabilitation provision	238
Reclamation costs incurred
Interest or accretion expense
Foreign exchange loss	76
Ending decommissioning liabilities	$ 616	$ 302

Note 23 - Income Taxes (Details

Note 23 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Net deferred tax assets	$ 51,141	$ 50,938
Entities that have had a loss for tax purposes in either 2016 or 2015, or both [member]
Statement Line Items [Line Items]
Net deferred tax assets	51,100	50,900
Deductible temporary differences for which no deferred tax asset is recognised	$ 379,300	$ 142,300

Note 23 - Income Taxes - Disclo

Note 23 - Income Taxes - Disclosure of Detailed Information About Effective Income Tax Expense Recovery (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Loss before tax	$ (39,024)	$ (263,047)
Combined statutory tax rate	27.00%	27.00%
Income tax recovery computed at statutory tax rate	$ (10,536)	$ (71,023)
Effect of different foreign statutory tax rates on earnings of subsidiaries	(24,320)	(15,309)
Impact of foreign exchange on deferred income tax assets and liabilities	(10,194)	13,807
Change in unrecognized deferred income tax asset	30,399	39,765
Tax effect of mining in Mexico	(814)	(8,225)
Other non-deductible expenses	3,256	834
Impact of inflationary adjustments	(2,412)	51
Change in tax provision estimates	23,987	8,258
Impact of post acquisition Primero restructure		(20,024)
Other	(7,916)	(7,017)
Income tax expense (recovery)	1,450	(58,883)
Current income tax expense	16,423	2,148
Deferred income tax recovery	$ (14,973)	$ (61,031)
Effective tax rate	(4.00%)	22.00%

Note 23 - Income Taxes - Disc_2

Note 23 - Income Taxes - Disclosure of Detailed Information About Effective Income Tax Expense Recovery (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
7.5% mining royalty in Mexico	7.50%	7.50%

Note 23 - Income Taxes - Disc_3

Note 23 - Income Taxes - Disclosure of Deferred Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Deferred tax assets	$ 70,109	$ 68,446
Benefit (expense) to income statement	(13,403)	(12,476)
Acquisition of Primero (Note 4)		14,139
Charged to equity	994
Deferred tax assets	57,700	70,109
Deferred tax liabilities	109,814	128,124
(Benefit) expense to income statement	(21,554)	(75,151)
Acquisition of Primero (Note 4)		53,024
Charged to equity		7,105
Reclassed to current income taxes payable	(2,813)	(3,288)
Deferred tax liabilities	85,447	109,814
Deferred tax assets	51,141	50,938
Deferred tax liabilities	78,888	90,643
Deferred tax (assets) liabilities	27,747	39,705
Losses [member]
Statement Line Items [Line Items]
Deferred tax assets	118,393	86,552
Benefit (expense) to income statement	8,079	17,702
Acquisition of Primero (Note 4)		14,139
Charged to equity
Deferred tax assets	126,472	118,393
Property, plant and equipment and mining interests [member]
Statement Line Items [Line Items]
Deferred tax liabilities	65,382	95,696
(Benefit) expense to income statement	(32,381)	(63,314)
Acquisition of Primero (Note 4)		33,000
Charged to equity
Reclassed to current income taxes payable
Deferred tax liabilities	33,001	65,382
Provisions [member]
Statement Line Items [Line Items]
Deferred tax assets	16,508	10,115
Benefit (expense) to income statement	6,379	6,393
Acquisition of Primero (Note 4)
Charged to equity
Deferred tax assets	22,887	16,508
Effect of Mexican tax deconsolidation [member]
Statement Line Items [Line Items]
Deferred tax liabilities	6,744	9,544
(Benefit) expense to income statement	498	488
Acquisition of Primero (Note 4)
Charged to equity
Reclassed to current income taxes payable	(2,813)	(3,288)
Deferred tax liabilities	4,429	6,744
Deferred tax asset not recognized [member]
Statement Line Items [Line Items]
Deferred tax assets	(68,348)	(29,036)
Benefit (expense) to income statement	(32,156)	(39,312)
Deferred tax assets	(100,504)	(68,348)
Non-current portion of income taxes payable [member]
Statement Line Items [Line Items]
Deferred tax liabilities	1,752
(Benefit) expense to income statement	13,220	1,752
Acquisition of Primero (Note 4)
Charged to equity
Reclassed to current income taxes payable
Deferred tax liabilities	14,972	1,752
Other deferred tax assets [member]
Statement Line Items [Line Items]
Deferred tax assets	3,556	815
Benefit (expense) to income statement	4,295	2,741
Acquisition of Primero (Note 4)
Charged to equity	994
Deferred tax assets	8,845	3,556
Other deferred tax liabilities [member]
Statement Line Items [Line Items]
Deferred tax liabilities	35,936	22,884
(Benefit) expense to income statement	(2,891)	(14,077)
Acquisition of Primero (Note 4)		20,024
Charged to equity		7,105
Reclassed to current income taxes payable
Deferred tax liabilities	33,045	35,936
Deferred tax assets
Deferred tax liabilities
Deferred tax (assets) liabilities

Note 23 - Income Taxes - Disc_4

Note 23 - Income Taxes - Disclosure of Detailed Information About Deferred Tax Assets Expiration (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Non-capital losses	$ 487,540	$ 391,088
Unrecognized losses	208,253	147,697
The 2019 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses		1,726
The 2020 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	544	274
The 2021 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	7,825	10,402
The 2022 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	4,060	3,719
The 2023 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	2,213	1,763
The 2024 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	39,319	36,214
The 2025 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	51,911	91,844
The 2026 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	113,630	105,683
The 2027 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	56,760	52,654
The 2028 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	99,315	68,546
The 2029 and after expiration years [member]
Statement Line Items [Line Items]
Non-capital losses	111,963	$ 18,263
CANADA
Statement Line Items [Line Items]
Non-capital losses	22,209
Unrecognized losses
CANADA | The 2019 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2020 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2021 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2022 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2023 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2024 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2025 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2026 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2027 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2028 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
CANADA | The 2029 and after expiration years [member]
Statement Line Items [Line Items]
Non-capital losses	22,209
SWITZERLAND
Statement Line Items [Line Items]
Non-capital losses	3,166
Unrecognized losses
SWITZERLAND | The 2019 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2020 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2021 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	3,166
SWITZERLAND | The 2022 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2023 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2024 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2025 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2026 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2027 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2028 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
SWITZERLAND | The 2029 and after expiration years [member]
Statement Line Items [Line Items]
Non-capital losses
MEXICO
Statement Line Items [Line Items]
Non-capital losses	462,165
Unrecognized losses	208,253
MEXICO | The 2019 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses
MEXICO | The 2020 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	544
MEXICO | The 2021 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	4,659
MEXICO | The 2022 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	4,060
MEXICO | The 2023 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	2,213
MEXICO | The 2024 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	39,319
MEXICO | The 2025 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	51,911
MEXICO | The 2026 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	113,630
MEXICO | The 2027 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	56,760
MEXICO | The 2028 expiration year [member]
Statement Line Items [Line Items]
Non-capital losses	99,315
MEXICO | The 2029 and after expiration years [member]
Statement Line Items [Line Items]
Non-capital losses	$ 89,754

Note 24 - Share Capital (Detail

Note 24 - Share Capital (Details Textual)	1 Months Ended			3 Months Ended	12 Months Ended				24 Months Ended
	Aug. 31, 2019USD ($)	May 31, 2018$ / sharesshares	May 31, 2018$ / sharesshares	Mar. 30, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2019CAD ($)shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2018CAD ($)shares	Dec. 31, 2018USD ($)shares
Statement Line Items [Line Items]
Par value per share | $ / shares					$ 0
Total increase (decrease) in number of shares outstanding | shares		27,333,363	27,333,363
Weighted average share price | (per share)		$ 8.80	$ 6.84
Sale of stock, maximum aggregate gross proceeds	$ 100,000,000
Share issued, price per share | $ / shares					$ 7.55
Gross proceeds from issuing shares					$ 84,400,000
Proceeds from issuing shares					$ 81,916,000
Percent of shares reserved for issuance under share based compensation plan					8.00%	8.00%
Maximum term of options granted for share-based payment arrangement					10 years	10 years
Fair value share options granted					$ 8,500,000		7,800,000
Weighted average fair value at measurement date, share options granted					$ 3.26		$ 3.07		$ 3.07
Weighted average share price share options exercised						$ 12.81		$ 8.86
Decrease in number of shares outstanding shares repurchased for delisting | shares							14,343	14,343
Decrease through shares repurchased for delisting							$ 100,000
Vesting on first anniversary [member]
Statement Line Items [Line Items]
Vesting percentage for share-based payment arrangement					25.00%	25.00%
Vesting on each six months thereafter [member]
Statement Line Items [Line Items]
Vesting percentage for share-based payment arrangement					25.00%	25.00%
Major ordinary share transactions [member]
Statement Line Items [Line Items]
Share issued, price per share | $ / shares				$ 10.81
Gross proceeds from issuing shares				$ 13,800,000
Issued capital [member]
Statement Line Items [Line Items]
Increase (decrease) in number of shares outstanding at-the-market distributions | shares					11,172,982	11,172,982
Decrease in number of shares outstanding shares repurchased for delisting | shares									14,343
Decrease through shares repurchased for delisting									$ 62,000
Issued capital [member] | Major ordinary share transactions [member]
Statement Line Items [Line Items]
Increase (decrease) in number of shares outstanding at-the-market distributions | shares				1,277,838

Note 24 - Share Capital - Discl

Note 24 - Share Capital - Disclosure of Range of Exercise Prices of Outstanding Share Options (Details)	12 Months Ended
	Dec. 31, 2019$ / shares	Dec. 31, 2018$ / shares	Dec. 31, 2017$ / shares
Statement Line Items [Line Items]
Number of options outstanding in share-based payment arrangement	7,583,439	9,266,098	9,431,737
Weighted average exercise price of share options outstanding in share-based payment arrangement (in dollars per share)	$ 10.70	$ 10.76	$ 9.35
Weighted average remaining contractual life of outstanding share options (Year)	5 years 135 days
Number of share options exercisable in share-based payment arrangement	4,070,065
Weighted average exercise price of share options exercisable in share-based payment arrangement (in dollars per share)	$ 12.33
Weighted average remaining contractual life of exercisable share options	2.6
Range 1 [member]
Statement Line Items [Line Items]
Number of options outstanding in share-based payment arrangement	906,082
Weighted average exercise price of share options outstanding in share-based payment arrangement (in dollars per share)	$ 4.79
Weighted average remaining contractual life of outstanding share options (Year)	1 year 3 days
Number of share options exercisable in share-based payment arrangement	906,082
Weighted average exercise price of share options exercisable in share-based payment arrangement (in dollars per share)	$ 4.79
Weighted average remaining contractual life of exercisable share options	1.01
Range 1 [member] | Bottom of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 4.69
Range 1 [member] | Top of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 5
Range 2 [member]
Statement Line Items [Line Items]
Number of options outstanding in share-based payment arrangement	3,795,640
Weighted average exercise price of share options outstanding in share-based payment arrangement (in dollars per share)	$ 8.38
Weighted average remaining contractual life of outstanding share options (Year)	8 years 29 days
Number of share options exercisable in share-based payment arrangement	719,766
Weighted average exercise price of share options exercisable in share-based payment arrangement (in dollars per share)	$ 8.55
Weighted average remaining contractual life of exercisable share options	6.53
Range 2 [member] | Bottom of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 5.01
Range 2 [member] | Top of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 10
Range 3 [member]
Statement Line Items [Line Items]
Number of options outstanding in share-based payment arrangement	2,585,602
Weighted average exercise price of share options outstanding in share-based payment arrangement (in dollars per share)	$ 11.26
Weighted average remaining contractual life of outstanding share options (Year)	3 years 135 days
Number of share options exercisable in share-based payment arrangement	2,148,102
Weighted average exercise price of share options exercisable in share-based payment arrangement (in dollars per share)	$ 11.10
Weighted average remaining contractual life of exercisable share options	2.11
Range 3 [member] | Bottom of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 10.01
Range 3 [member] | Top of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 15
Range 4 [member]
Statement Line Items [Line Items]
Number of options outstanding in share-based payment arrangement	100,000
Weighted average exercise price of share options outstanding in share-based payment arrangement (in dollars per share)	$ 16.06
Weighted average remaining contractual life of outstanding share options (Year)	1 year 237 days
Number of share options exercisable in share-based payment arrangement	100,000
Weighted average exercise price of share options exercisable in share-based payment arrangement (in dollars per share)	$ 16.06
Weighted average remaining contractual life of exercisable share options	1.65
Range 4 [member] | Bottom of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 15.01
Range 4 [member] | Top of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 20
Range 5 [member]
Statement Line Items [Line Items]
Number of options outstanding in share-based payment arrangement	196,115
Weighted average exercise price of share options outstanding in share-based payment arrangement (in dollars per share)	$ 72.69
Weighted average remaining contractual life of outstanding share options (Year)	1 year 102 days
Number of share options exercisable in share-based payment arrangement	196,115
Weighted average exercise price of share options exercisable in share-based payment arrangement (in dollars per share)	$ 72.69
Weighted average remaining contractual life of exercisable share options	1.28
Range 5 [member] | Bottom of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 20.01
Range 5 [member] | Top of range [member]
Statement Line Items [Line Items]
Exercise price of outstanding share options (in dollars per share)	$ 126.01

Note 24 - Share Capital - Dis_2

Note 24 - Share Capital - Disclosure of Number and Weighted Average Exercise Prices of Share Options (Details)		12 Months Ended
		Dec. 31, 2019$ / shares	Dec. 31, 2018$ / shares
Statement Line Items [Line Items]
Balance, beginning of the year		9,266,098	9,431,737
Balance, beginning of the year, weighted average exercise price (in dollars per share)		$ 10.76	$ 9.35
Granted	[1]	2,601,680	2,552,796
Granted, weighted average exercise price (in dollars per share)	[1]	$ 8.83	$ 15.95
Exercised		(2,918,518)	(973,948)
Exercised, weighted average exercise price (in dollars per share)		$ 7.54	$ 5.28
Cancelled or expired		(1,365,821)	(1,744,487)
Cancelled or expired, weighted average exercise price (in dollars per share)		$ 14.31	$ 13.78
Balance, end of the year		7,583,439	9,266,098
Balance, end of the year, weighted average exercise price (in dollars per share)		$ 10.70	$ 10.76
[1]	Includes 221,908 stock options issued to replace pre-existing stock options of Primero in accordance with the Primero arrangement (see Note 4) with a nominal fair value.

Note 24 - Share Capital - Dis_3

Note 24 - Share Capital - Disclosure of Detailed Information About Options, Valuation Assumptions (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Risk-free interest rate (%)	2.01%	1.87%
Expected life (years)	5.8	5.4
Expected volatility (%)	51.29%	58.70%
Expected dividend yield (%)

Note 24 - Share Capital - Dis_4

Note 24 - Share Capital - Disclosure of Number and Weighted Average Exercise Prices of Restricted Share Units (Details) - Restricted share units [member]	12 Months Ended
	Dec. 31, 2019$ / shares
Statement Line Items [Line Items]
Outstanding, beginning of the year, number of shares
Outstanding, beginning of the year, weighted average fair value (in dollars per share)
Granted, number of shares	274,520
Granted, weighted average fair value (in dollars per share)	$ 7.29
Settled, number of shares	(145,576)
Settled, weighted average fair value (in dollars per share)	$ 7.29
Forfeited, number of shares
Forfeited, weighted average fair value (in dollars per share)
Outstanding, end of the year, number of shares	128,944
Outstanding, end of the year, weighted average fair value (in dollars per share)	$ 7.29

Note 25 - Financial Instrumen_3

Note 25 - Financial Instruments and Related Risk Management (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Current value added tax receivables	$ 29,637	$ 59,665
Working capital	171,100	108,100
Available liquidity, undrawn revolving credit facility	$ 226,200	$ 55,000
Market risk [member]
Statement Line Items [Line Items]
Interest Rate Risk Sensitivity	0.25%

Note 25 - Financial Instrumen_4

Note 25 - Financial Instruments and Related Risk Management - Disclosure of Detailed Information About Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Trade receivables	$ 3,503	$ 4,671
Other financial assets	7,488	8,458
Silver future derivatives [member]
Statement Line Items [Line Items]
Foreign exchange derivative		2,038
Foreign exchange derivatives [member]
Statement Line Items [Line Items]
Foreign exchange derivative	982
Carrying value [member]
Statement Line Items [Line Items]
Trade receivables	1,182	2,559
Other financial assets	6,506	6,420
Carrying value [member] | Silver future derivatives [member]
Statement Line Items [Line Items]
Foreign exchange derivative		2,038
Carrying value [member] | Foreign exchange derivatives [member]
Statement Line Items [Line Items]
Foreign exchange derivative	982
Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Trade receivables
Other financial assets	6,506	6,420
Level 1 of fair value hierarchy [member] | Silver future derivatives [member]
Statement Line Items [Line Items]
Foreign exchange derivative		2,038
Level 1 of fair value hierarchy [member] | Foreign exchange derivatives [member]
Statement Line Items [Line Items]
Foreign exchange derivative	982
Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Trade receivables	1,182	2,559
Other financial assets
Level 2 of fair value hierarchy [member] | Silver future derivatives [member]
Statement Line Items [Line Items]
Foreign exchange derivative
Level 2 of fair value hierarchy [member] | Foreign exchange derivatives [member]
Statement Line Items [Line Items]
Foreign exchange derivative

Note 25 - Financial Instrumen_5

Note 25 - Financial Instruments and Related Risk Management - Disclosure of Detailed Information About Capital Risk Management (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Equity	$ 662,321	$ 594,573
Debt facilities	155,818	149,512	$ 31,769
Lease liabilities	21,936	5,847	9,305
Less: cash and cash equivalents	(169,009)	(57,013)	$ (118,141)
	$ 671,066	$ 692,919

Note 25 - Financial Instrumen_6

Note 25 - Financial Instruments and Related Risk Management - Disclosure of Financial Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Trade and other payables	$ 59,123	$ 50,183
Debt facilities	155,818	149,512	$ 31,769
Lease liabilities	21,936	5,847	$ 9,305
Other liabilities	4,675	$ 3,787
	241,552
Contractual cash flows [member]
Statement Line Items [Line Items]
Trade and other payables	59,123
Debt facilities	188,439
Lease liabilities	22,561
Other liabilities	4,405
	274,528
Less than 1 year [member]
Statement Line Items [Line Items]
Trade and other payables	59,123
Debt facilities	4,209
Lease liabilities	6,829
Other liabilities
	70,161
From 1 to 3 years [member]
Statement Line Items [Line Items]
Trade and other payables
Debt facilities	26,263
Lease liabilities	7,778
Other liabilities
	34,041
From 4 to 5 years [member]
Statement Line Items [Line Items]
Trade and other payables
Debt facilities	157,967
Lease liabilities	7,954
Other liabilities
	165,921
After 5 years [member]
Statement Line Items [Line Items]
Trade and other payables
Debt facilities
Lease liabilities
Other liabilities	4,405
	$ 4,405

Note 25 - Financial Instrumen_7

Note 25 - Financial Instruments and Related Risk Management - Disclosure of Detailed Information About Currency Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Cash and cash equivalents	$ 169,009	$ 57,013	$ 118,141
Trade and other receivables	4,295	5,599
Value added taxes receivable	29,637	59,665
Other financial assets	7,488	8,458
Trade and other payables	(59,123)	$ (50,183)
Canada, Dollars
Statement Line Items [Line Items]
Cash and cash equivalents	14,182
Trade and other receivables	56
Value added taxes receivable
Other financial assets	3,010
Trade and other payables	(1,529)
Foreign exchange derivative
Net assets (liabilities) exposure	15,719
Effect of 10% change in currency	1,572
Mexico, Pesos
Statement Line Items [Line Items]
Cash and cash equivalents	9,000
Trade and other receivables
Value added taxes receivable	20,700
Other financial assets
Trade and other payables	(33,635)
Foreign exchange derivative	27,000
Net assets (liabilities) exposure	23,065
Effect of 10% change in currency	2,307
Amounts in foreign currencies [member]
Statement Line Items [Line Items]
Cash and cash equivalents	23,182
Trade and other receivables	56
Value added taxes receivable	20,700
Other financial assets	3,010
Trade and other payables	(35,164)
Foreign exchange derivative	27,000
Net assets (liabilities) exposure	38,784
Effect of 10% change in currency	$ 3,878

Note 25 - Financial Instrumen_8

Note 25 - Financial Instruments and Related Risk Management - Disclosure of Detailed Information About Price Risk (Details) - Commodity price risk [member] $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Silver [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	$ 155
Gold [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	238
Lead [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	44
Zinc [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	437
Metals subject to provisional price adjustments [member] | Silver [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	65
Metals subject to provisional price adjustments [member] | Gold [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices
Metals subject to provisional price adjustments [member] | Lead [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	38
Metals subject to provisional price adjustments [member] | Zinc [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	103
Metals in dore and concentrates inventory [member] | Silver [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	90
Metals in dore and concentrates inventory [member] | Gold [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	238
Metals in dore and concentrates inventory [member] | Lead [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	6
Metals in dore and concentrates inventory [member] | Zinc [member]
Statement Line Items [Line Items]
Effect of a 10% change in metal prices	$ 334

Note 26 - Supplemental Cash F_3

Note 26 - Supplemental Cash Flow Information (Details Textual) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Cash and cash equivalents held in trust as bonds for tax audits	$ 5.2	$ 4.9

Note 26 - Supplemental Cash F_4

Note 26 - Supplemental Cash Flow Information - Disclosure of Detailed Information About Supplemental Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Unrealized foreign exchange loss and other	$ 273	$ 659
Unrealized (gain) loss from marketable securities and silver futures derivatives	(1,765)	4,435
	(1,492)	5,094
Decrease in trade and other receivables	1,304	771
Decrease (increase) in value added taxes receivable	30,028	(17,173)
Decrease in inventories	2,829	2,015
Decrease in prepaid expenses and other	776	549
Decrease in income taxes payable	(6,569)	(941)
Increase (decrease) in trade and other payables	8,959	(6,388)
	37,327	(21,167)
Transfer of share-based payments reserve upon settlement of RSUs	988
Transfer of share-based payments reserve upon exercise of options	$ 5,986	967
Settlement of liabilities		$ (500)

Note 27 - Contingencies and O_2

Note 27 - Contingencies and Other Matters (Details Textual) $ in Thousands, $ in Millions	1 Months Ended					12 Months Ended	100 Months Ended
	Dec. 31, 2019USD ($)	Feb. 29, 2016USD ($)	Jun. 30, 2013USD ($)	Apr. 30, 2013USD ($)	Aug. 31, 2010	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2013CAD ($)
Statement Line Items [Line Items]
Non-current income taxes receivable	$ 19,551					$ 19,551	$ 18,737
Gains on litigation settlements				$ 93,800
Proceeds from litigation settlement			$ 14,100
Estimated financial effect of contingent assets			$ 62,800					$ 81.5
Minera La Encantada, S.A. de C.V. [member]
Statement Line Items [Line Items]
Tax assessments by SAT related to audits of 2012 tax return	8,200
Tax assessments by SAT related to audits of 2013 tax return	$ 6,700
Mexico - San Dimas [member] | Wheaton Precious Metals International Ltd. [member]
Statement Line Items [Line Items]
Percent of silver production required to be sold					100.00%		50.00%
Maximum silver production required to be sold					6,000,000
Silver, selling price, per ounce							4.04
Purchase agreement, annual inflation increase, percent							1.00%
Potential incremental income tax before interest and penalties		$ 188,300
Potential incremental income tax liabilities inclusive interest and penalties						$ 260,900

Note 28 - Subsidiaries - Disclo

Note 28 - Subsidiaries - Disclosure of Subsidiaries (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
First Majestic Silver Corp. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Corporacion First Majestic, S.A. de C.V [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Primero Empresa Minera, S.A de C.V. [Member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Nusantara de Mexico, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Minera La Encantada, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
La Encantada Procesadora de Minerales, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
First Majestic Plata, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Minera El Pilon, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
First Majestic Del Toro, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
La Guitarra Compania Minera, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Majestic Services, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Santa Elena Oro y Plata, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
FM Metal Trading (Barbados) Ltd [Member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Silver Trading (Barbados) Ltd. [Member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
FMS Trading AG [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%

Note 29 - Key Management Comp_3

Note 29 - Key Management Compensation - Disclosure of Information About Key Management Personnel (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
	$ 8,471	$ 6,807
Independent members of the board of directors [member]
Statement Line Items [Line Items]
Salaries, bonuses, fees and benefits	790	702
Share-based payments	439	306
Other members of key management [member]
Statement Line Items [Line Items]
Salaries, bonuses, fees and benefits	4,267	3,212
Share-based payments	$ 2,975	$ 2,587