Pan American Silver (PAAS) 40-F 24 Feb 22 2021 FY Annual report (Canada) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2021shares
Document Information [Line Items]
Document Type	40-F
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Central Index Key	0000771992
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-13727
Entity Registrant Name	Pan American Silver Corp.
Entity Incorporation, State or Country Code	A1
Entity Primary SIC Number	1044
Entity Address, Address Line One	1500 – 625 Howe Street
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6C 2T6
City Area Code	604
Local Phone Number	684-1175
Title of 12(b) Security	Common Shares, No Par Value
Trading Symbol	PAAS
Security Exchange Name	NASDAQ
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Common Stock, Shares Outstanding	210,457,524
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	28 Liberty St.
Entity Address, City or Town	NY
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10005
City Area Code	212
Local Phone Number	894-8940
Contact Personnel Name	CT Corporation

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Deloitte LLP
Auditor Location	Vancouver, Canada
Auditor Firm ID	1208

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents (Note 24)	$ 283,550	$ 167,113
Short-term investments (Note 9)	51,723	111,946
Trade and other receivables	128,150	127,756
Income tax receivables	20,282	22,051
Inventories (Note 10)	500,462	406,191
Derivative assets (Note 8)	3,995	7,812
Prepaid expenses and other current assets	13,007	14,055
Current assets	1,001,169	856,924
Non-current assets
Mineral properties, plant and equipment (Note 11)	2,344,551	2,415,006
Long-term inventories (Note 10)	25,644	24,355
Long-term refundable taxes	8,711	4,009
Deferred tax assets (Note 27)	55,953	57,850
Investment in associates (Note 12)	78,657	71,560
Goodwill and other assets (Note 13)	3,899	4,171
Total assets	3,518,584	3,433,875
Current liabilities
Accounts payable and accrued liabilities (Note 14)	306,087	281,938
Derivative liabilities (Note 8)	351	367
Provisions (Note 15)	8,041	12,066
Lease obligations (Note 16)	10,663	12,829
Debt (Note 17)	3,400	0
Income tax payables	59,133	54,556
Current liabilities	387,675	361,756
Non-current liabilities
Long-term provisions (Note 15)	240,111	229,887
Deferred tax liabilities (Note 27)	184,785	175,311
Long-term lease obligations (Note 16)	19,898	20,736
Long-term debt (Note 17)	11,900	0
Deferred revenue (Note 12)	12,516	13,273
Other long-term liabilities (Note 18)	25,691	27,073
Total liabilities	882,576	828,036
Equity (Note 19)
Issued capital	3,136,214	3,132,140
Reserves	93,375	93,409
Deficit	(598,035)	(623,030)
Total equity attributable to Company shareholders	2,631,554	2,602,519
Non-controlling interests	4,454	3,320
Total equity	2,636,008	2,605,839
Total liabilities and equity	$ 3,518,584	$ 3,433,875

Consolidated Income Statements

Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Revenue (Note 25)	$ 1,632,750	$ 1,338,812
Production costs (Note 20)	(925,479)	(696,672)
Depreciation and amortization (Note 11)	(302,958)	(254,469)
Royalties	(36,375)	(27,494)
Cost of sales	(1,264,812)	(978,635)
Mine operating earnings (Note 25)	367,938	360,177
General and administrative	(34,852)	(36,375)
Exploration and project development	(11,071)	(7,096)
Mine care and maintenance (Note 21)	(31,780)	(102,105)
Foreign exchange losses	(11,267)	(5,474)
Gains on derivatives (Note 8c)	5,393	3,543
Gains on sale of mineral properties, plant and equipment (Note 11)	32,167	7,922
Income from equity investees (Note 12)	4,347	10,529
Other income (expense) (Note 26)	36	(21,144)
Earnings from operations	320,911	209,977
Investment (loss) income (Note 8b)	(59,722)	62,139
Interest and finance expense (Note 22)	(16,198)	(20,104)
Earnings before income taxes	244,991	252,012
Income tax expense (Note 27)	(146,429)	(75,557)
Net earnings and comprehensive earnings	98,562	176,455
Equity holders of the Company	97,428	177,882
Non-controlling interests	$ 1,134	$ (1,427)
Basic earnings per share (in USD per share)	$ 0.46	$ 0.85
Diluted earnings per share (in USD per share)	$ 0.46	$ 0.85
Weighted average shares outstanding (in 000’s) Basic (shares)	210,298	210,085
Weighted average shares outstanding (in 000’s) Diluted (shares)	210,435	210,295

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income Statement - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of comprehensive income [abstract]
Profit (loss)	$ 98,562	$ 176,455

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating activities
Profit (loss)	$ 98,562	$ 176,455
Income tax expense (Note 27)	146,429	75,557
Depreciation and amortization (Note 11,21)	302,958	272,444
Unrealized investment loss (income)	59,722	(58,673)
Accretion on closure and decommissioning provision (Note 15)	7,470	8,260
Unrealized foreign exchange losses	6,703	8,857
Interest expense (Note 22)	3,660	9,216
Interest paid	(5,234)	(10,217)
Interest received	172	253
Income taxes paid	(129,205)	(81,636)
Other operating activities (Note 24)	(28,060)	(35,183)
Net change in non-cash working capital items (Note 24)	(71,069)	96,982
Cash flows from (used in) operating activities	392,108	462,315
Investing activities
Payments for mineral properties, plant and equipment	(243,478)	(178,556)
Proceeds from sale of mineral properties, plant and equipment (Note 11)	45,798	22,474
Proceeds from short-term investments and other securities	1,861	90,384
Exercise of warrants (Note 12)	0	(15,626)
Net proceeds (payments) from derivatives	9,157	(2,594)
Cash flows from (used in) investing activities	(186,662)	(83,918)
Financing activities
Proceeds from common shares issued	619	4,737
Distributions to non-controlling interests	(933)	0
Dividends paid	(71,500)	(46,223)
Proceeds from credit facility (Note 17)	0	80,000
Repayment of credit facility (Note 17)	0	(355,000)
Repayment of Loans (Note 17)	(1,700)	0
Payment of equipment leases	(12,396)	(13,101)
Cash flows from (used in) financing activities	(85,910)	(329,587)
Effects of exchange rate changes on cash and cash equivalents	(3,099)	(2,261)
Net increase in cash and cash equivalents	116,437	46,549
Cash and cash equivalents at the beginning of the year	167,113	120,564
Cash and cash equivalents at the end of the year	$ 283,550	$ 167,113

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Equity attributable to owners of parent [member]	Issued capital [member]	Reserve of share-based payments [member]	Retained earnings [member]	Non-controlling interests [member]
Number of shares issued, beginning (shares) at Dec. 31, 2019			209,835,558
Equity, beginning at Dec. 31, 2019	$ 2,467,846	$ 2,463,099	$ 3,123,514	$ 94,274	$ (754,689)	$ 4,747
Profit (loss)	176,455	177,882			177,882	(1,427)
Shares issued on the exercise of stock options, shares			329,379
Increase (decrease) through exercise of options, equity	4,737	4,737	$ 5,800	(1,063)
Shares issued as compensation, shares (Note 19)			93,730
Increase (decrease) through share-based payment transactions, equity	2,826	2,826	$ 2,826
Increase (decrease) through share-based payment transactions, option grants	198	198		198
Dividends recognised as distributions to owners of parent	(46,223)	(46,223)			46,223
Number of shares issued, ending (shares) at Dec. 31, 2020			210,258,667
Equity, ending at Dec. 31, 2020	2,605,839	2,602,519	$ 3,132,140	93,409	(623,030)	3,320
Profit (loss)	98,562	97,428			97,428	1,134
Shares issued on the exercise of stock options, shares			65,780
Increase (decrease) through exercise of options, equity	619	619	$ 762	(143)
Shares issued as compensation, shares (Note 19)			133,077
Increase (decrease) through share-based payment transactions, equity	3,312	3,312	$ 3,312
Increase (decrease) through share-based payment transactions, option grants	109	109		109
Dividends recognised as distributions to non-controlling interests	(933)	(933)			933
Dividends recognised as distributions to owners of parent	(71,500)	(71,500)			71,500
Number of shares issued, ending (shares) at Dec. 31, 2021			210,457,524
Equity, ending at Dec. 31, 2021	$ 2,636,008	$ 2,631,554	$ 3,136,214	$ 93,375	$ (598,035)	$ 4,454

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2021
Nature of Operations [Abstract]
Nature of Operations	1. NATURE OF OPERATIONS Pan American Silver Corp. is the ultimate parent company of its subsidiary group (collectively, the “Company”, or “Pan American”). Pan American is a British Columbia corporation domiciled in Canada, and its office is at Suite 1440 – 625 Howe Street, Vancouver, British Columbia, V6C 2T6. The Company is engaged in the production and sale of silver, gold, zinc, lead and copper as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s major products are produced from mines in Canada, Peru, Mexico, Argentina and Bolivia. Additionally, the Company has project development activities in Canada, Peru, Mexico and Argentina, and exploration activities throughout South America, Canada and Mexico. As at December 31, 2021, the Company's Escobal mine in Guatemala continues to be on care and maintenance pending satisfactory completion of a consultation process led by the Ministry of Energy and Mines ("MEM") in Guatemala.

Basis of Preparation (Notes)

Basis of Preparation (Notes)	12 Months Ended
	Dec. 31, 2021
Disclosure of notes and other explanatory information [Abstract]
Disclosure of basis of preparation of financial statements	2. BASIS OF PREPARATION These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”), effective as of December 31, 2021. These consolidated financial statements were approved for issuance by the Board of Directors on February 23, 2022.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies used in the preparation of these consolidated financial statements are as follows: a) Presentation currency The functional and presentation currency of the Company and each of its subsidiaries is the United States dollar ("USD"). b) Basis of measurement These consolidated financial statements have been prepared on an historical cost basis, except for those assets and liabilities that are measured at revalued amounts or fair values at the end of each reporting period. c) Basis of consolidation The accounts of the Company and its subsidiaries, which are controlled by the Company, have been included in these consolidated financial statements. Control is achieved when the Company is exposed, or has rights, to variable returns from the investee and when the Company has the ability to affect those returns through its power over the investee. Subsidiaries are included in the consolidated financial results of the Company from the effective date of acquisition up to the effective date of disposition or loss of control. The principal subsidiaries of the Company and their geographic locations at December 31, 2021 were as follows: Location Subsidiary Ownership Accounting Operations and Development Canada Lake Shore Gold Corp. 100% Consolidated Bell Creek and Timmins West mines Mexico Plata Panamericana S.A. de C.V. 100% Consolidated La Colorada mine Compañía Minera Dolores S.A. de C.V. 100% Consolidated Dolores mine Peru Pan American Silver Huaron S.A. 100% Consolidated Huaron mine Compañía Minera Argentum S.A. 92% Consolidated Morococha mine Shahuindo S.A.C. 100% Consolidated Shahuindo mine La Arena S.A. 100% Consolidated La Arena mine Bolivia Pan American Silver (Bolivia) S.A. 95% Consolidated San Vicente mine Guatemala Pan American Silver Guatemala S.A. 100% Consolidated Escobal mine Argentina Minera Tritón Argentina S.A. 100% Consolidated Manantial Espejo & Cap-Oeste Sur Este mines Minera Joaquin S.R.L. 100% Consolidated Joaquin mine Minera Argenta S.A. 100% Consolidated Navidad project d) Investments in associates An associate is an entity over which the investor has significant influence but not control and that is neither a subsidiary nor an interest in a joint venture. Significant influence is presumed to exist where the Company has between 20% and 50% of the voting rights, but can also arise where the Company has less than 20%, if the Company has the power to participate in the financial and operating policy decisions affecting the entity. The Company’s share of the net assets and net earnings or loss is accounted for in the consolidated financial statements using the equity method of accounting. e) Business combinations Upon the acquisition of a business, the acquisition method of accounting is used, whereby the purchase consideration is allocated to the identifiable assets, liabilities and contingent liabilities (identifiable net assets) acquired on the basis of fair value at the date of acquisition. When the cost of the acquisition exceeds the fair value attributable to the Company’s share of the identifiable net assets, the difference is treated as goodwill, which is not amortized and is reviewed for impairment annually or more frequently when there is an indication of impairment. If the fair value attributable to the Company’s share of the identifiable net assets exceeds the cost of acquisition, the difference is immediately recognized in the consolidated income statement. Acquisition related costs, other than costs to issue debt or equity securities of the acquirer, including investment banking fees, legal fees, accounting fees, valuation fees, and other professional or consulting fees are expensed as incurred. The costs to issue equity securities of the Company as consideration for the acquisition are reduced from share capital as share issuance costs. The costs to issue debt securities are capitalized and amortized using the effective interest method. Non-controlling interests are measured either at fair value or at the non-controlling interests’ proportionate share of the recognized amounts of the acquirers’ identifiable net assets as at the date of acquisition. The choice of measurement basis is made on a transaction by transaction basis. Control of a business may be achieved in stages. Upon the acquisition of control, any previously held interest is re-measured to fair value at the date control is obtained resulting in a gain or loss upon the acquisition of control. 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 provisional amounts for the items for which the accounting is incomplete. These provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that date. f) Revenue recognition Revenue associated with the sale of commodities is recognized when control of the asset sold is transferred to the customer. Indicators of control transferring include an unconditional obligation to pay, legal title, physical possession, transfer of risk and rewards and customer acceptance. This generally occurs when the goods are delivered to a loading port, warehouse, vessel or metal account as contractually agreed with the buyer; at which point the buyer controls the goods. In cases where the Company is responsible for the cost of shipping and certain other services after the date on which control of the goods transfers to the customer, these other services are considered separate performance obligations and thus a portion of revenue earned under the contract is allocated and recognized as these performance obligations are satisfied. The Company’s concentrate sales contracts with third-party buyers, in general, provide for a provisional payment based upon provisional assays and quoted metal prices. Final settlement is based on applicable commodity prices set on specified quotational periods, typically ranging from one month prior to shipment, and can extend to three months after the shipment arrives at the smelter and is based on average market metal prices. For this purpose, the transaction price can be measured reliably for those products, such as silver, gold, zinc, lead and copper, for which there exists an active and freely traded commodity market such as the London Metals Exchange and the value of product sold by the Company is directly linked to the form in which it is traded on that market. Sales revenue is commonly subject to adjustments based on an inspection of the product by the customer. In such cases, sales revenue is initially recognized on a provisional basis using the Company’s best estimate of contained metal, and adjusted subsequently. Revenues are recorded under these contracts at the time control passes to the buyer based on the expected settlement period. Revenue on provisionally priced sales is recognized based on estimates of the fair value of the consideration receivable based on forward market prices and estimated quantities. At each reporting date provisionally priced metal is marked to market based on the forward selling price for the quotational period stipulated in the contract. Variations between the price recorded at the date when control is transferred to the buyer and the actual final price set under the smelting contracts are caused by changes in metal prices resulting in the receivable being recorded at fair value through profit or loss ("FVTPL"). IFRS 15 - Revenue from Contracts with Customers ("IFRS 15") requires that 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 occur. The Company concluded that the adjustments relating to the final assay results for the quantity and quality of concentrate sold are not significant and do not constrain the recognition of revenue. Refining and treatment charges under the sales contracts are netted against revenue for sales of metal concentrate. The Company recognizes deferred revenue in the event it receives payments from customers in consideration for future commitments to deliver metals and before such sale meets the criteria for revenue recognition. The Company recognizes amounts in revenue as the metals are delivered to the customer. Specifically, for the metal agreements entered into with Maverix Metals Inc. ("Maverix"), the Company determines the amortization of deferred revenue to the Consolidated Income Statement on a per unit basis using the estimated total quantity of metal expected to be delivered to Maverix over the terms of the contract. The Company estimates the current portion of deferred revenue based on quantities anticipated to be delivered over the next twelve months. g) Financial instruments Measurement – initial recognition Financial assets and financial liabilities are recognized in the Company’s statement of financial position 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 FVTPL. 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. Classification of financial assets Amortized cost: Financial assets that meet the following conditions are measured subsequently at amortized cost: (i) The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and (ii) 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. Interest income is recognized in Investment (loss) income in the Consolidated Income Statements. The Company's financial assets at amortized cost primarily include cash and cash equivalents, receivables not arising from sale of metal concentrates included in Trade and other receivables in the Consolidated Statement of Financial Position (Note 8(a)). FVTPL: By default, all other financial assets are measured subsequently at FVTPL. The Company, at initial recognition, may also irrevocably designate a financial asset as measured at FVTPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. 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 part of a designated hedging relationship. Fair value is determined in the manner described in Note 8(d)(ii). The Company's financial assets at FVTPL include its trade receivables from provisional concentrate sales, short-term investments in equity securities, and derivative assets not designated as hedging instruments. 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 gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Company’s own equity instruments. Classification of financial liabilities Financial liabilities that are not contingent consideration of an acquirer in a business combination, held for trading or designated as at FVTPL, are measured at amortized cost using effective interest method. Derivatives When the Company enters into derivative contracts, these transactions are designed to reduce exposures related to assets and liabilities, firm commitments or anticipated transactions. The Company does not have derivative instruments that qualify as cash flow hedges and consequently all derivatives are recorded at fair value with changes in fair value recognized in net earnings. h) Derivative Financial Instruments The Company utilizes metals and currency contracts, including forward contracts to manage exposure to fluctuations in metal prices and foreign currency exchange rates. For metals production, these contracts are intended to reduce the risk of falling prices on the Company’s future sales. Foreign currency derivative financial instruments, such as forward contracts, are used to manage the effects of exchange rate changes on foreign currency cost exposures. Such derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered into and are subsequently re-measured at fair value. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative and any gains or losses arising from changes in fair value on derivatives are taken directly to earnings for the year. The fair value of forward currency and commodity contracts is calculated by reference to current forward exchange rates and prices for contracts with similar maturity profiles. Derivatives, including certain conversion options and warrants with exercise prices in a currency other than the functional currency, are recognized at fair value with changes in fair value recognized in profit or loss. i) Inventories Inventories include work in progress, concentrate, doré, processed silver and gold, heap leach inventory, and operating materials and supplies. Work in progress inventory includes ore stockpiles and other partly processed material. Stockpiles represent ore that has been extracted and is available for further processing. The classification of inventory is determined by the stage at which the ore is in the production process. Inventories of ore are sampled for metal content and are valued based on the lower of cost or estimated net realizable value ("NRV") based upon the period ending prices of contained metal. Cost is determined on a weighted average basis or using a first-in-first-out basis and includes all costs incurred in the normal course of business including direct material and direct labour costs and an allocation of production overheads, depreciation and amortization, and other costs, based on normal production capacity, incurred in bringing each product to its present location and condition. Material that does not contain a minimum quantity of metal to cover estimated processing expenses to recover the contained metal is not classified as inventory and is assigned no value. The work in progress inventory is considered part of the operating cycle which the Company classifies as current inventory and hence heap leach and stockpiles are included in current inventory. Quantities are assessed primarily through surveys and assays. The costs incurred in the construction of the heap leach pad are capitalized. Heap leach inventory represents silver and gold contained in ore that has been placed on the leach pad for cyanide irrigation. The heap leach process is a process of extracting silver and gold by placing ore on an impermeable pad and applying a diluted cyanide solution that dissolves a portion of the contained silver and gold, which is then recovered during the metallurgical process. When the ore is placed on the pad, an estimate of the recoverable ounces is made based on tonnage, ore grade and estimated recoveries of the ore type placed on the pad. The estimated recoverable ounces on the pad are used to compile the inventory cost. The Company uses several integrated steps to scientifically measure the metal content of the ore placed on the leach pads. The tonnage, grade, and ore type to be mined in a period was first estimated using the Mineral Reserve model. As the ore body is drilled in preparation for the blasting process, samples are taken of the drill residue, which is assayed to determine their metal content and quantities of contained metal. The estimated recoverable ounces carried in the leach pad inventory are adjusted based on actual recoveries being experienced. Actual and estimated recoveries achieved are measured to the extent possible using various indicators including, but not limited to, individual cell recoveries, the use of leach curve recovery and trends in the levels of carried ounces depending on the circumstances or cumulative pad recoveries. The Company then processes the ore through the crushing facility where the output is again weighed and sampled for assaying. A metallurgical reconciliation with the data collected from the mining operation is completed with appropriate adjustments made to previous estimates. The crushed ore is then transported to the leach pad for application of the leaching solution. The samples from the automated sampler are assayed each shift and used for process control. The quantity of leach solution is measured by flow meters throughout the leaching and precipitation process. The pregnant solution from the heap leach is collected and passed through the processing circuit to produce precipitate, which is retorted and then smelted to produce doré bars. The Company allocates direct and indirect production costs to by-products on a systematic and rational basis. With respect to concentrate and doré inventory, production costs are allocated based on the silver equivalent ounces contained within the respective concentrate and doré. The inventory is stated at lower of cost or NRV, with cost being determined using a weighted average cost method. The ending inventory value of ounces associated with the leach pad is equal to opening recoverable ounces plus recoverable ounces placed less ounces produced plus or minus ounce adjustments. The estimate of both the ultimate recovery expected over time and the quantity of metal that may be extracted relative to the time the leach process occurs requires the use of estimates, which rely upon laboratory test work and estimated models of the leaching kinetics in the heap leach pads. Test work consists of leach columns of up to 400 days duration with 150 days being the average, from which the Company projects metal recoveries up to three years in the future. The quantities of metal contained in the ore are based upon actual weights and assay analysis. The rate at which the leach process extracts gold and silver from the crushed ore is based upon laboratory column tests and actual experience. The assumptions used by the Company to measure metal content during each stage of the inventory conversion process include estimated recovery rates based on laboratory testing and assaying. The Company periodically reviews its estimates compared to actual experience and revises its estimates when appropriate. The ultimate recovery will not be known until the leaching operations cease. Supplies inventories are valued at the lower of average cost and NRV using replacement cost plus cost to dispose, net of obsolescence. Concentrate and doré inventory includes product at the mine site, the port warehouse and product held by refineries. At times, the Company has a limited amount of finished silver at a minting operation where coins depicting Pan American’s emblem are stamped. j) Mineral properties, plant and equipment (MPPE) On initial acquisition, MPPE are valued at cost, being the purchase price and the directly attributable costs of acquisition or construction required to bring the asset to the location and condition necessary for the asset to be capable of operating in the manner intended by management. When provisions for closure and decommissioning are recognized, the corresponding cost is capitalized as part of the cost of the related assets, representing part of the cost of acquiring the future economic benefits of the operation. The capitalized cost of closure and decommissioning activities is recognized in MPPE and depreciated accordingly. In subsequent periods, buildings, plant and equipment are stated at cost less accumulated depreciation and any impairment in value, whilst land is stated at cost less any impairment in value and is not depreciated. Each asset's or part’s estimated useful life has due regard to both its own physical life limitations and the present assessment of economically recoverable reserves of the mine property at which the item is located, and to possible future variations in those assessments. Estimates of remaining useful lives and residual values are reviewed annually. Changes in estimates are accounted for prospectively. The expected useful lives are included below in the accounting policy for depreciation of MPPE. The net carrying amounts of MPPE are reviewed for impairment either individually or at the cash-generating unit level when events and changes in circumstances indicate that the carrying amounts may not be recoverable. To the extent that these values exceed their recoverable amounts, that excess is recorded as an impairment provision in the financial year in which this is determined. In countries where the Company paid Value Added Tax (“VAT”) and where there is uncertainty of its recoverability, the VAT payments have either been deferred with mineral property costs relating to the property or expensed if it relates to mineral exploration. If the Company ultimately recovers previously deferred amounts, the amount received will be applied to reduce mineral property costs or taken as a credit against current expenses depending on the prior treatment. Expenditure on major maintenance or repairs includes the cost of the replacement of parts of assets and overhaul costs. Where an asset or part of an asset is replaced and it is probable that future economic benefits associated with the item will be available to the Company, the expenditure is capitalized and the carrying amount of the item replaced derecognized. Similarly, overhaul costs associated with major maintenance are capitalized and depreciated over their useful lives where it is probable that future economic benefits will be available and any remaining carrying amounts of the cost of previous overhauls are derecognized. All other costs are expensed as incurred. Where an item of MPPE is disposed of, it is derecognized and the difference between its carrying value and net sales proceeds is disclosed as earnings or loss on disposal in the income statement. Any items of mineral property, plant or equipment that cease to have future economic benefits are derecognized with any gain or loss included in the financial year in which the item is derecognized. k) Operational mining properties and mine development When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves (which occurs upon completion of a positive economic analysis of the mineral deposit), the costs incurred to develop such property including costs to further delineate the ore body and remove overburden to initially expose the ore body prior to the start of mining operations, are also capitalized. Such costs are amortized using the units-of-production method over the estimated life of the ore body based on proven and probable reserves. Costs associated with commissioning activities on constructed plants are deferred from the date of mechanical completion of the facilities until the date the Company is ready to commence commercial production. Any revenues earned during this period are recorded as a reduction in deferred commissioning costs. These costs are amortized using the units-of-production method (described below) over the life of the mine, commencing on the date of commercial production. Acquisition costs related to the acquisition of land and mineral rights are capitalized as incurred. Prior to acquiring such land or mineral rights, the Company makes a preliminary evaluation to determine that the property has significant potential to economically develop the deposit. The time between initial acquisition and full evaluation of a property’s potential is dependent on many factors including: location relative to existing infrastructure, the property’s stage of development, geological controls and metal prices. If a mineable deposit is discovered, such costs are amortized when production begins. If no mineable deposit is discovered, such costs are expensed in the period in which it is determined the property has no future economic value. In countries where the Company has paid VAT and where there is uncertainty of its recoverability, the VAT payments have either been deferred with mineral property costs relating to the property or expensed if it relates to mineral exploration. If the Company ultimately makes recoveries of the VAT, the amount received will be applied to reduce mineral property costs or taken as a credit against current expenses depending on the prior treatment. Major development expenditures on producing properties incurred to increase production or extend the life of the mine are capitalized while ongoing mining expenditures on producing properties are charged against earnings as incurred. Gains or losses from sales or retirements of assets are included in gain or loss on sale of assets. l) Depreciation of MPPE The carrying amounts of MPPE (including initial and any subsequent capital expenditure) are depreciated to their estimated residual value over the estimated useful lives of the specific assets concerned, or the estimated life of the associated mine or mineral lease, if shorter. Estimates of residual values and useful lives are reviewed annually and any change in estimate is taken into account in the determination of remaining depreciation charges, and adjusted if appropriate, at each statement of financial position date. Changes to the estimated residual values or useful lives are accounted for prospectively. Depreciation commences on the date when the asset is available for use as intended by management. i) Units of production basis For mining properties and leases and certain mining equipment, the economic benefits from the asset are consumed in a pattern which is linked to the production level. Except as noted below, such assets are depreciated on a units of production basis. In applying the units of production method, depreciation is normally calculated using the quantity of material extracted from the mine in the period as a percentage of the total quantity of material to be extracted in current and future periods based on proven and probable reserves. ii) Straight line basis Assets within operations for which production is not expected to fluctuate significantly from one year to another or which have a physical life shorter than the related mine are depreciated on a straight line basis. MPPE are depreciated over their useful life, or over the remaining life of the mine if shorter. The major categories of property, plant and equipment are depreciated on a unit of production and/or straight-line basis as follows: • Land – not depreciated • Mobile equipment – 3 to 7 years • Buildings and plant facilities – 25 to 50 years • Mining properties and leases including capitalized evaluation and development expenditures – based on applicable reserves on a unit of production basis. • Exploration and evaluation – not depreciated until mine goes into production • Assets under construction – not depreciated until assets are ready for their intended use m) Exploration and evaluation Exploration expenditures are incurred in the search for economic mineral deposits or the process of obtaining more information about existing mineral deposits and typically include costs associated with drilling, sampling, mapping and other activity related to the search for ore. Evaluation expenditures are incurred to establish the technical and commercial viability of mineral deposits and typically include costs associated with determining optimal methods of extraction and metallurgical and treatment processes, permitting, and preparing economic evaluations. Exploration expenditures are expensed as incurred. Evaluation expenditures are capitalized when management determines there is a high degree of confidence that future economic benefits will flow to the Company. Acquired exploration and evaluation projects and acquired exploration rights are recognized as assets at their cost of acquisition or at fair value if purchased as part of a business combination. Capitalized exploration and evaluation expenditures are reclassified to mineral properties, plant and equipment, in accordance with Note 3(j), once the technical feasibility and commercial viability are demonstrated. n) Deferred stripping costs In open pit mining operations, it is necessary to remove overburden and other waste in order to access the ore body. During the preproduction phase, these costs are capitalized as part of the cost of the mine property and subsequently amortized over the life of the mine (or pit) on a units of production basis. The costs of removal of the waste material during a mine’s production phase are deferred where they give rise to future benefits. These capitalized costs are subsequently amortized on a unit of production basis over the reserves that directly benefit from the specific stripping activity. o) Impairment (and reversals of impairment) of non-current assets The Company reviews and tests the carrying amount of MPPE and intangible assets with finite lives when there is an indication of impairment or impairment reversal. Additionally, disposal groups held for sale are tested for impairment upon classification as a disposal group held for sale. Impairment assessments on MPPE and intangible assets are conducted at the level of the CGU. The recoverable amount of a CGU is the higher of value in use ("VIU") and fair value less cost to sell. VIU is the net present value of expected future cash flows. Impairments are recognized for any excess of carrying value over the recoverable amount. Where the recoverable amount is assessed using discounted cash flow techniques, the resulting estimates are based on detailed mine and/or production plans. The cash flow forecasts are based on best estimates of expected future revenues and costs, including the future cash costs of production, capital expenditure, closure, restoration and environmental clean-up. These may include net cash flows expected to be realized from extraction, processing and sale of mineral resources that do not currently qualify for inclusion in proven or probable ore reserves. Such non-reserve material is included where there is a high degree of confidence in its economic extraction. This expectation is usually based on preliminary drilling and sampling of areas of mineralization that are contiguous with existing reserves. Typically, the additional evaluation to achieve reserve status for such material has not yet been done because this would involve incurring costs earlier than is required for the efficient planning and operation of the mine. Where the recoverable amount of a CGU is dependent on the life of its associated ore, expected future cash flows reflect long term mine plans, which are based on detailed research, analysis and iterative modeling to optimize the level of return from investment, output and sequence of extraction. The mine plan takes account of all relevant characteristics of the ore, including waste to ore ratios, ore grades, haul distances, chemical and metallurgical properties of the ore affecting process recoveries and capacities of processing equipment t

Changes in Accounting Standards

Changes in Accounting Standards	12 Months Ended
	Dec. 31, 2021
Disclosure of significant accounting policies [Abstract]
Changes in Accounting Standards	4. CHANGES IN ACCOUNTING STANDARDS

Significant Judgements in Apply

Significant Judgements in Applying Accounting Policies	12 Months Ended
	Dec. 31, 2021
Disclosure of significant accounting policies [Abstract]
Significant Judgements in Applying Accounting Policies	5. SIGNIFICANT JUDGMENTS IN APPLYING ACCOUNTING POLICIES Judgments that have the most significant effect on the amounts recognized in the Company’s consolidated financial statements are as follows: a) Capitalization of evaluation costs The Company has determined that evaluation costs capitalized during the year relating to the operating mines and certain other exploration interests have potential future economic benefits and are potentially economically recoverable. In making this judgment, the Company has assessed various sources of information including but not limited to the geologic and metallurgic information, history of conversion of mineral deposits to proven and probable mineral reserves, scoping and feasibility studies, proximity to existing ore bodies, operating management expertise and required environmental, operating and other permits. b) Functional currency The functional currency for the Company and its subsidiaries is the currency of the primary economic environment in which each operates. The Company has determined that its functional currency and that of its subsidiaries is the USD. The determination of functional currency may require certain judgments to determine the primary economic environment. The Company reconsiders the functional currency used when there is a change in events and conditions which determined the primary economic environment. c) Determination of significant influence of associates Determination of whether the Company has significant influence with respect to its associates requires an assessment of whether the Company has power to participate in the financial and operating policy decisions of the investee but does not have control or joint control of those policies. The Company determined that it had significant influence over its investment in Maverix (Note 12), despite holding an ownership interest of less than 20%, after consideration for the relevant facts and circumstances including the Company's ability to nominate a member of the Maverix board of directors. d) Deferral of stripping costs In determining whether stripping costs incurred during the production phase of a mining property relate to mineral reserves that will be mined in a future period and therefore should be capitalized, the Company treats the costs of removal of the waste material during a mine’s production phase as deferred, where it gives rise to future benefits. These capitalized costs are subsequently amortized on a unit of production basis over the reserves that directly benefit from the specific stripping activity. As at December 31, 2021, the carrying amount of Dolores and La Arena capitalized stripping costs was $23.5 million and $41.0 million, respectively (2020 - $40.7 million and $32.9 million, respectively). e) Impairment, or impairment reversal, of mining interests There is significant judgment involved in assessing whether any indications of impairment, or impairment reversal, exist for mining interests, with consideration given to both external and internal sources of information. Information the Company considers include changes in the market, economic and legal environment in which the Company operates that are not within its control that affect the recoverable amount of mining interests. Internal sources of information include the manner in which mineral property, plant and equipment are being used or are expected to be used and indications of the economic performance of the assets. Estimates include but are not limited to estimates of the discounted future after-tax cash flows expected to be derived from the Company’s mining properties, costs to sell the mining properties and the appropriate discount rate. Changes in metal price forecasts, increases or decreases in estimated future costs of production, increases or decreases in estimated future capital costs, reductions or increases in the amount of recoverable mineral reserves and mineral resources and/or adverse or favorable current economics can result in a write-down or write-up of the carrying amounts of the Company’s mining interests. f) Coronavirus disease ("COVID-19") pandemic impact In March 2020, the World Health Organization declared a global pandemic following the emergence and rapid spread of a novel strain of the coronavirus. Since the outbreak of COVID-19, it has spread to areas where we have operations and offices. The outbreak and subsequent Government measures intended to limit the pandemic had significant effects on commodity prices and capital markets. The spread of COVID-19 has impacted our employees and contractors, not only as it relates to potential health concerns, but also in terms of limitations on movement, availability of food and other goods, and personal well-being, among others. Our suppliers and service providers have also been impacted. During 2020, Government efforts to curtail the spread of COVID-19 resulted in temporary suspensions of our operations in Mexico, Peru, Argentina and Bolivia (see Note 21), and we reduced throughput at our Timmins operation in Canada in order to enhance physical distancing and protect our personnel and the community. During 2021, there were no Government mandated suspensions but operations have continued to be impacted by COVID-19 protocols, which have increased costs and restricted throughput levels, especially at our underground mines. The extent to which COVID-19 will continue to impact our operations will depend on future developments which are highly uncertain and cannot be predicted with confidence. These future developments include, but are not limited to, the continued presence of, or spread, of COVID-19, and any future emergence and spread of similar pathogens, the duration of the outbreak, new information that may emerge concerning the severity of COVID-19, and the actions taken to contain COVID-19 or treat it. The impact of governmental restrictions and health and safety protocols could improve or worsen relative to our assumptions, depending on how each jurisdiction manages potential outbreaks of COVID-19, the efficacy and availability of adequate supplies of vaccines, and the roll-out of vaccination programs in each jurisdiction. As of December 31, 2021 and 2020, no operations were suspended as a result of COVID-19. Based on management analysis, the Company has concluded that the impacts to date including increased costs and deferral of production due to reduced throughput do not represent indicators of impairment for any of the Company's assets as at December 31, 2021 and 2020.

Key Sources of Estimation of Un

Key Sources of Estimation of Uncertainty in the Application of Accounting Policies	12 Months Ended
	Dec. 31, 2021
Disclosure of significant accounting policies [Abstract]
Key Sources of Estimation of Uncertainty in the Application of Accounting Principles	6. KEY SOURCES OF ESTIMATION UNCERTAINTY IN THE APPLICATION OF ACCOUNTING POLICIES Key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are: • Revenue recognition: Revenue from the sale of concentrate to independent smelters is recognized when control of the asset sold is transferred to the customer. The Company's concentrate sales contracts with third-party buyers, in general, provide for a provisional payment based upon provisional assays and quoted metal prices. Final settlement is based on applicable commodity prices set on specified quotational periods, typically ranging from one month prior to shipment, and can extend to three months after the shipment arrives at the smelter and is based on average market metal prices. Sales revenue is commonly subject to adjustments based on an inspection of the product by the customer. In such cases, sales revenue is initially recognized on a provisional basis using the Company’s best estimate of contained metal, and adjusted subsequently. Revenues are recorded under these contracts at the time control passes to the buyer based on the expected settlement period. Revenue on provisionally priced sales is recognized based on estimates of the fair value of the consideration receivable based on forward market prices and estimated quantities. At each reporting date provisionally priced metal is marked to market based on the forward selling price for the quotational period stipulated in the contract. Variations between the price recorded at the date when control is transferred to the buyer and the actual final price set under the smelting contracts are caused by changes in metal prices resulting in the receivable being recorded at FVTPL. In a period of high price volatility, as experienced under current economic conditions, the effect of mark-to-market price adjustments related to the quantity of metal which remains to be settled with independent smelters could be significant. For changes in metal quantities upon receipt of new information and assay, the provisional sales quantities are adjusted. • Estimated recoverable ounces: The carrying amounts of the Company’s mining properties are depleted based on recoverable ounces. Changes to estimates of recoverable ounces and depletable costs including changes resulting from revisions to the Company’s mine plans and changes in metal price forecasts can result in a change to future depletion rates. • Mineral reserve estimates: The figures for mineral reserves and mineral resources are disclosed in accordance with National Instrument 43 - 101, “Standards of Disclosure for Mineral Projects”, issued by the Canadian Securities Administrators and in accordance with “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines – adopted November 23, 2003”, prepared by the Canadian Institute of Mining, Metallurgy and Petroleum Standing Committee on Reserve Definitions. There are numerous uncertainties inherent in estimating mineral reserves and mineral resources, including many factors beyond the Company’s control. Such estimation is a subjective process, and the accuracy of any mineral reserve or mineral resource estimate is a function of the quantity and quality of available data and of the assumptions made and judgments used in engineering and geological interpretation. Differences between management’s assumptions including economic assumptions such as metal prices and market conditions could have a material effect in the future on the Company’s financial position and results of operation. • Valuation of Inventory: In determining mine production costs recognized in the consolidated income statement, the Company makes estimates of quantities of ore stacked in stockpiles, placed on the heap leach pad and in process and the recoverable silver in this material to determine the average costs of finished goods sold during the period. Changes in these estimates can result in a change in mine operating costs of future periods and carrying amounts of inventories. Refer to Note 10 for details. • Depreciation and amortization rates for mineral properties, plant and equipment and mineral interests: Depreciation and amortization expenses are allocated based on assumed asset lives and depreciation and amortization rates. Should the asset life or depreciation rate differ from the initial estimate, an adjustment would be made in the consolidated income statement prospectively. A change in the mineral reserve estimate for assets depreciated using the units of production method would impact depreciation expense prospectively. • Estimation of decommissioning and reclamation costs and the timing of expenditures: The cost estimates are updated annually during the life of a mine to reflect known developments, (e.g. revisions to cost estimates and to the estimated lives of operations), and are subject to review at regular intervals. Decommissioning, restoration and similar liabilities are estimated based on the Company’s interpretation of current regulatory requirements, constructive obligations and are measured at the best estimate of expenditures required to settle the present obligation of decommissioning, restoration or similar liabilities that may occur upon decommissioning of the mine at the end of its productive life. The carrying amount is determined based on the net present value of estimated future cash expenditures for the settlement of decommissioning, restoration or similar liabilities that may occur upon decommissioning of the mine. Such estimates are subject to change based on changes in laws and regulations and negotiations with regulatory authorities. Refer to Note 15 for details on decommissioning and restoration costs. • Income taxes and recoverability of deferred tax assets: In assessing the probability of realizing income tax assets recognized, the Company makes estimates related to expectations of future taxable income, applicable tax planning 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, the Company 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. The Company considers relevant tax planning opportunities that are within the Company’s control, are feasible and within management’s ability to implement. Examination by applicable tax authorities is supported based on individual facts and circumstances of the relevant tax position examined 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. Also, future changes in tax laws could limit the Company from realizing the tax benefits from the deferred tax assets. The Company reassesses unrecognized income tax assets at each reporting period. • Provisions and contingencies: Due to the size, complexity and nature of the Company’s operations, various legal and tax matters are outstanding from time to time. In the event the Company’s estimates of the future resolution of these matters change, the Company will recognize the effects of the changes in its consolidated financial statements on the date such changes occur. Refer to Note 28 for further discussion on contingencies.

Management of Capital

Management of Capital	12 Months Ended
	Dec. 31, 2021
Management of Capital [Abstract]
Management of Capital	7. MANAGEMENT OF CAPITAL The Company’s objective when managing its capital is to maintain its ability to continue as a going concern while at the same time maximizing the growth of its business and providing returns to its shareholders. The Company’s capital structure consists of shareholders’ equity (comprising issued capital plus share option reserve plus deficit, plus investment revaluation reserve) with a balance of $2.6 billion as at December 31, 2021 (2020 - $2.6 billion). The Company manages its capital structure and makes adjustments based on changes to its economic environment and the risk characteristics of the Company’s assets. The Company’s capital requirements are effectively managed based on the Company having a thorough reporting, planning and forecasting process to help identify the funds required to ensure the Company is able to meet its operating and growth objectives. The Company is not subject to externally imposed capital requirements and the Company’s overall objective with respect to capital risk management remains unchanged from the year ended December 31, 2020.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2021
Financial instruments [Abstract]
Financial Instruments	8. FINANCIAL INSTRUMENTS a) Financial assets and liabilities by categories: December 31, 2021 Amortized cost FVTPL Total Financial Assets: Cash and cash equivalents $ 283,550 $ — $ 283,550 Trade receivables from provisional concentrates sales (1) — 40,020 40,020 Receivable not arising from sale of metal concentrates (1) 76,902 — 76,902 Short-term investments — 51,723 51,723 Derivative assets — 3,995 3,995 $ 360,452 $ 95,738 $ 456,190 Financial Liabilities: Derivative liabilities $ — $ 351 $ 351 Debt $ 15,300 $ — $ 15,300 (1) Included in Trade and other receivables. December 31, 2020 Amortized cost FVTPL Total Financial Assets: Cash and cash equivalents $ 167,113 $ — $ 167,113 Trade receivables from provisional concentrates sales (1) — 35,084 35,084 Receivable not arising from sale of metal concentrates (1) 84,486 — 84,486 Short-term investments — 111,946 111,946 Derivative assets — 7,812 7,812 $ 251,599 $ 154,842 $ 406,441 Financial Liabilities: Derivative liabilities $ — $ 367 $ 367 (1) Included in Trade and other receivables. b) Short-term investments in equity securities recorded at FVTPL The Company’s short-term investments in equity securities are recorded at FVTPL. The (losses) gains from short-term investments in equity securities for the year ended December 31, 2021 and 2020 were as follows: 2021 2020 Unrealized (losses) gains on short-term investments, equity securities $ (60,355) $ 10,577 Realized gains on short-term investments, equity securities 633 51,562 $ (59,722) $ 62,139 c) Derivative instruments The Company's derivatives are comprised of foreign currency and commodity contracts. The gains on derivatives for the year ended December 31, 2021 and 2020 were comprised of the following: 2021 2020 Gains on derivatives Realized gains (losses) on derivatives $ 9,156 $ (2,594) Unrealized (losses) gains on derivatives (3,763) 6,137 $ 5,393 $ 3,543 d) Fair value information i) Fair Value Measurement The categories of the fair value hierarchy that reflect the inputs to valuation techniques used to measure fair value are as follows: Level 1: Quoted prices in active markets for identical assets or liabilities; Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3: Inputs for the asset or liability based on unobservable market data The levels in the fair value hierarchy into which the Company’s financial assets and liabilities that are measured and recognized on the consolidated statements of financial position at fair value on a recurring basis were categorized as follows: At December 31, 2021 At December 31, 2020 Level 1 Level 2 Level 1 Level 2 Assets and Liabilities: Short-term investments $ 51,723 $ — $ 111,946 $ — Trade receivables from provisional concentrate sales — 40,020 — 35,084 Derivative assets — 3,995 — 7,812 Derivative liabilities — (351) — (367) $ 51,723 $ 43,664 $ 111,946 $ 42,529 The methodology and assessment of inputs for determining the fair value of financial assets and liabilities as well as the levels of hierarchy for the Company’s financial assets and liabilities measured at fair value remains unchanged from that at December 31, 2020. ii) Valuation Techniques Short-term investments The Company’s short-term investments and other investments are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy and are primarily equity securities. The fair value of the investment securities is calculated as the quoted market price of the investment and in the case of equity securities, the quoted market price multiplied by the quantity of shares held by the Company. Derivative assets and liabilities The Company’s derivative assets and liabilities were comprised of foreign currency and commodity contracts which are valued using observable market prices. Trade Receivables from Provisional Concentrate Sales A portion of the Company’s trade receivables arose from provisional concentrate sales and are valued using quoted market prices based on the forward London Metal Exchange for copper, zinc and lead and the London Bullion Market Association P.M. fix for gold and silver. e) Financial Instruments and related risks The Company has exposure to risks of varying degrees of significance which could affect its ability to achieve its strategic objectives for growth and shareholder returns. The principle financial risks to which the Company is exposed are: i) Credit risk ii) Liquidity risk iii) Market risk 1. Currency risk 2. Interest rate risk 3. Price risk The Company’s Board of Directors has overall responsibility for the establishment and oversight of the Company’s risk management framework and reviews the Company’s policies on an ongoing basis. i) Credit Risk Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the Company’s trade receivables. The carrying value of trade receivables represents the maximum credit exposure. The Company has concentrate contracts to sell the zinc, lead, copper and silver concentrates produced by the Huaron, Morococha, San Vicente and La Colorada mines. Concentrate contracts are a common business practice in the mining industry. The terms of the concentrate contracts may require the Company to deliver concentrate that has a value greater than the payment received at the time of delivery, thereby introducing the Company to credit risk of the buyers of concentrates. Should any of these counterparties not honour purchase arrangements, or should any of them become insolvent, the Company may incur losses for products already shipped and be forced to sell its concentrates on the spot market or it may not have a market for its concentrates and therefore its future operating results may be materially adversely impacted. At December 31, 2021, the Company had receivable balances associated with buyers of its concentrates of $40.0 million (2020 - $35.1 million). The vast majority of the Company’s concentrate is sold to five well-known concentrate buyers. Doré production from La Colorada, Dolores, Manantial Espejo, Shahuindo, La Arena, Bell Creek and Timmins is refined under long-term agreements with fixed refining terms at five separate refineries worldwide. The Company generally retains the risk and title to the precious metals throughout the process of refining and therefore is exposed to the risk that the refineries will not be able to perform in accordance with the refining contract and that the Company may not be able to fully recover precious metals in such circumstances. At December 31, 2021, the Company had approximately $52.3 million (2020 - $61.8 million) of value contained in precious metal inventory at refineries. The Company maintains insurance coverage against the loss of precious metals at the Company’s mine sites, in-transit to refineries and while at the refineries. Risk is transferred to the refineries upon delivery. The Company maintains trading facilities with several banks and bullion dealers for the purposes of transacting the Company’s metal sales. None of these facilities are subject to margin arrangements. The Company’s trading activities can expose the Company to the credit risk of its counterparties to the extent that the trading positions have a positive mark-to-market value. However, the Company maintains an active credit management and monitoring program to minimize the risk of excessive credit risk concentration with any single counterparty. Refined silver and gold are sold in the spot market to various bullion traders and banks. Credit risk may arise from these activities if the Company is not paid for metal at the time it is delivered, as required by spot sale contracts. Supplier advances for products and services yet to be provided are a common practice in some jurisdictions in which we operate. These advances represent a credit risk to us to the extent that suppliers do not deliver products or perform services as expected. As at December 31, 2021, we had made $11.2 million of supplier advances (2020 - $8.2 million), which are reflected in “Trade and other receivables” on the consolidated statements of financial position. Management constantly monitors and assesses the credit risk resulting from its refining arrangements, concentrate sales and commodity contracts with its refiners, trading counterparties and customers. Furthermore, management carefully considers credit risk when allocating prospective sales and refining business to counterparties. In making allocation decisions, management attempts to avoid unacceptable concentration of credit risk to any single counterparty. Cash and cash equivalents, trade accounts receivable and other receivables that represent the maximum credit risk to the Company consist of the following: December 31, December 31, Cash and cash equivalents $ 283,550 $ 167,113 Trade accounts receivable (1) 40,020 35,084 Supplier advances (1) 11,228 8,186 Employee loans (1) 667 552 (1) Included in Trade and other receivables. The Company invests its cash and cash equivalents, which also has credit risk, with the objective of maintaining safety of principal and providing adequate liquidity to meet all current payment obligations. ii) Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they come due. The Company manages its liquidity risk by continuously monitoring forecasted and actual cash flows. The Company has in place a rigorous planning and budgeting process to help determine the funds required to support the Company’s normal operating requirements on an ongoing basis and its expansion plans. The Company strives to maintain sufficient liquidity to meet its short-term business requirements, taking into account its anticipated cash flows from operations, its holdings of cash and short-term investments, and its committed loan facilities. In the normal course of business, the Company enters into contracts that give rise to commitments for future minimum payments. The following tables summarize the remaining contractual maturities of the Company's financial liabilities and operating and capital commitments on an undiscounted basis: Payments due by period 2021 Within 1 year 2 - 3 years 4- 5 years After 5 years Total Accounts payable and accrued liabilities other than: $ 275,629 $ — $ — $ — $ 275,629 Severance accrual 26,695 404 33 4,450 31,582 Employee compensation 3,763 — — — 3,763 Total accounts payable and accrued liabilities 306,087 404 33 4,450 310,974 Income taxes payable 59,133 — — — 59,133 Loss on derivatives 351 — — — 351 Debt Repayment of principal 3,400 6,800 5,100 — 15,300 Interest and standby fees 2,613 4,867 1,432 — 8,912 Provisions (1)(2) 2,738 2,553 — — 5,291 Future employee compensation 3,352 9,058 — — 12,410 Total contractual obligations (2) $ 377,674 $ 23,682 $ 6,565 $ 4,450 $ 412,371 (1) Total litigation provision (Note 15). (2) Amounts above do not include payments related to closure and decommissioning (current $5.3 million, long-term $237.6 million) discussed in Note 15, the $20.8 million deferred credit arising from the Navidad acquisition discussed in Note 18, and deferred tax liabilities of $184.8 million in Note 27. Payments due by period 2020 Within 1 year 2 - 3 years 4- 5 years After 5 years Total Accounts payable and accrued liabilities other than: $ 272,266 $ — $ — $ — $ 272,266 Severance accrual 2,935 3,711 1,120 76 7,842 Employee compensation 6,737 — — — 6,737 Total accounts payable and accrued liabilities 281,938 3,711 1,120 76 286,845 Income taxes payable 54,556 — — — 54,556 Loss on derivatives 367 — — — 367 Debt Interest and standby fees 2,110 2,294 — — 4,404 Provisions (1)(2) 3,648 3,109 85 1 6,843 Future employee compensation 4,396 11,468 — — 15,864 Total contractual obligations (2) $ 347,015 $ 20,582 $ 1,205 $ 77 $ 368,879 (1) Total litigation provision (Note 15). (2) Amounts above do not include payments related to closure and decommissioning (current $8.4 million, long-term $226.7 million) discussed in Note 15, the $20.8 million deferred credit arising from the Navidad acquisition discussed in Note 18, and deferred tax liabilities of $175.3 million in Note 27. There was no significant change to the Company’s exposure to liquidity risk during the year ended December 31, 2021. iii) Market Risk 1. Currency Risk The Company reports its financial statements in USD; however, the Company operates in jurisdictions that utilize other currencies. As a consequence, the financial results of the Company’s operations as reported in USD are subject to changes in the value of the USD relative to local currencies. Since the Company’s sales are denominated in USD and a portion of the Company’s operating costs and capital spending are in local currencies, the Company is negatively impacted by strengthening local currencies relative to the USD and positively impacted by the inverse. At December 31, 2021, the Company had outstanding positions on its foreign currency exposure of Mexican peso ("MXN"), Peruvian sol ("PEN") and Canadian dollar ("CAD") purchases. The Company recorded losses of $0.2 million, $3.7 million, and gains of $0.9 million, respectively, on MXN, PEN and CAD derivative contracts for the year ended December 31, 2021 (2020 - gains of $1.6 million, losses of $2.2 million, and losses of $0.6 million, respectively). The Company’s net earnings are affected by the revaluation of its monetary assets and monetary liabilities at each balance sheet date. The Company has reviewed its monetary assets and monetary liabilities and is exposed to foreign exchange risk through financial assets and liabilities and deferred income tax liabilities denominated in currencies other than USD, as shown in the table below. The Company estimates that a 10% change in the exchange rate of the foreign currencies in which its December 31, 2021 non-USD net monetary liabilities were denominated would result in an income before taxes change of about $23.0 million (2020 - $13.8 million). The Company is exposed to currency risk through the following financial assets and liabilities, and deferred income tax assets and liabilities denominated in foreign currencies: At December 31, 2021 Cash and Other current and Income taxes Accounts payable Deferred tax Canadian Dollar $ 60,507 $ 3,389 $ — $ (27,448) $ — Mexican Peso 1,159 7,681 (14,930) (25,985) (64,584) Argentine Peso 12,488 20,358 1,502 (19,525) (13) Bolivian Boliviano 8,397 499 (7,943) (23,914) (6,954) European Euro 49 — — — — Peruvian Sol 8,585 17,295 (22,207) (54,953) (94,367) Guatemala quetzal 169 539 (91) (9,919) — $ 91,354 $ 49,761 $ (43,669) $ (161,744) $ (165,918) At December 31, 2020 Cash and Other current and Income taxes receivable (payable), current and non- current (1) Accounts payable Deferred tax assets and liabilities (1) Canadian Dollar $ 117,956 $ 4,952 $ — $ (24,310) $ — Mexican Peso 1,020 29,895 3,550 (45,050) (73,017) Argentine Peso 7,175 16,878 1,513 (14,543) — Bolivian Boliviano 571 218 (3,159) (19,402) (7,700) European Euro 3 — — — — Peruvian Sol 13,917 26,257 (39,296) (54,672) (77,810) Guatemala quetzal 453 677 — (4,559) — $ 141,095 $ 78,877 $ (37,392) $ (162,536) $ (158,527) (1) Recast comparative to be consistent with current presentation. 2. Interest Rate Risk Interest rate risk is the risk that the fair values and future cash flows of the Company will fluctuate because of changes in market interest rates. The average interest rate earned by the Company during the year ended December 31, 2021 on its cash and short-term investments was 0.7% (2020 - 0.9%). A 10% increase or decrease in the interest earned from financial institutions on cash and short-term investments would not result in a change in the Company’s earnings before income taxes (2020 – $0.1 million). On August 10, 2021 the Company entered into an amendment agreement to amend and extend its $500 million credit facility, with a maturity date of February 1, 2023 (the "Credit Facility"), into a $500 million sustainability-linked credit facility, with a maturity date of August 8, 2025 (the "Sustainability-Linked Credit Facility") (Note 17). There were no amounts drawn during the year ended December 31, 2021 on either the Sustainability-Linked Credit Facility or the Credit Facility. The amounts drawn on the Credit Facility incurred an average interest rate of 2.6% during the year ended December 31, 2020. At December 31, 2021, the Company has $30.6 million in lease obligations (2020 - $33.6 million), that are subject to an annualized interest rate of 10.6% (2020 - 9.3%). 3. Price Risk Metal price risk is the risk that changes in metal prices will affect the Company’s income or the value of its related financial instruments. The Company derives its revenue from the sale of silver, gold, lead, copper, and zinc. The Company’s sales are directly dependent on metal prices that have shown significant volatility and are beyond the Company’s control. Consistent with the Company’s mission to provide equity investors with exposure to changes in precious metal prices, the Company’s current policy is to not hedge the price of precious metal. During the year ended December 31, 2021, the Company entered into collars made up of put and call contracts for its exposure to copper but had no contracts outstanding as at December 31, 2021. The Company recorded losses of $1.1 million on copper contracts during the year ended December 31, 2021. The Company did not enter into copper contracts during the year ended December 31, 2020. As at December 31, 2021, the Company entered into collars made up of put and call contracts for its exposure to zinc but had no contracts outstanding as at December 31, 2021. The Company recorded gains of $0.1 million during the year ended December 31, 2021. At December 31, 2021, the Company had outstanding positions of diesel swap contracts designated to fix or limit the Company’s exposure to higher fuel prices (the “Diesel fuel swaps”). The Company recorded gains of $9.4 million on Diesel fuel swaps during the year ended December 31, 2021 (2020 - gains of $4.7 million). A 10% increase in all metal prices as at December 31, 2021, would result in an increase of approximately $165.1 million (2020 – $138 million) in the Company’s revenues. A 10% decrease in all metal prices as at the same period would result in a decrease of approximately $166.4 million (2020 - $138.2 million) in the Company’s revenues. The Company also enters into provisional concentrate contracts to sell the zinc, lead and copper concentrates. We have provisionally priced sales for which price finalization, referenced to the relevant zinc, lead, copper and silver index, is outstanding at the balance sheet date. A 10% increase in metals prices on open positions of zinc, lead, copper and silver for provisional concentrate contracts for the year ended December 31, 2021 would result in an increase of approximately $7.2 million (2020 - $4.6 million) in the Company’s before tax earnings, which would be reflected in 2021 results. A 10% decrease in metal prices for the same period would result in a decrease of approximately $7.2 million (2020 - $4.6 million) in the Company’s before tax earnings. The Company mitigates the price risk associated with its base metal production by committing some of its forecasted base metal production from time to time under forward sales and option contracts. The Board of Directors continually assesses the Company’s strategy towards its base metal exposure, depending on market conditions.

Short Term Investments

Short Term Investments	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Short Term Investments	9. SHORT-TERM INVESTMENTS December 31, 2021 December 31, 2020 Fair Value Cost Accumulated unrealized holding gains Fair Value Cost Accumulated unrealized holding gains Short-term investments $ 51,723 $ 20,419 $ 31,304 $ 111,946 $ 20,419 $ 91,527

Inventories

Inventories	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Inventories	10. INVENTORIES Inventories consist of: December 31, December 31, Concentrate $ 30,647 $ 19,104 Stockpile 43,216 30,063 Heap leach and in process 286,266 219,334 Doré and finished 81,448 77,489 Materials and supplies 84,529 84,556 Total inventories $ 526,106 $ 430,546 Less: current inventories $ (500,462) $ (406,191) Non-current inventories (1) $ 25,644 $ 24,355 (1) Inventories at Escobal mine, which include $18.3 million (2020 - $17.1 million) in supplies with the remainder attributable to metals, have been classified as non-current pending the restart of operations. Total inventories held at net realizable value amounted to $203.7 million at December 31, 2021 (December 31, 2020 – $215.5 million). The Company recorded write-downs of $8.7 million for the year ended December 31, 2021 (2020 – recoveries of $16.2 million) which were included in cost of sales (Note 20).

Mineral Properties, Plant and E

Mineral Properties, Plant and Equipment	12 Months Ended
	Dec. 31, 2021
Property, plant and equipment [abstract]
Mineral Properties, Plant and Equipment	11. MINERAL PROPERTIES, PLANT AND EQUIPMENT Acquisition costs of investment and non-producing properties together with costs directly related to mine development expenditures are capitalized. Exploration expenditures on investment and non-producing properties are charged to expense in the period they are incurred. Capitalization of evaluation expenditures commences when there is a high degree of confidence in the project’s viability and hence it is probable that future economic benefits will flow to the Company. Evaluation expenditures, other than that acquired from the purchase of another mining company, are carried forward as an asset provided that such costs are expected to be recovered in full through successful development and exploration of the area of interest, or alternatively by its sale. Evaluation expenditures include delineation drilling, metallurgical evaluations, and geotechnical evaluations amongst others. Mineral properties, plant and equipment consist of: Mining Properties Depletable Non-depletable Reserves Reserves Exploration Plant and Total Carrying value As at January 1, 2021 Net of accumulated depreciation $ 996,745 $ 307,080 $ 431,650 $ 679,531 $ 2,415,006 Additions 210,484 31,971 7,253 16,766 266,474 Disposals (2,770) — (12,315) (4,542) (19,627) Depreciation and amortization (1) (166,116) (770) — (136,072) (302,958) Depreciation charge captured in inventory (21,249) — — — (21,249) Transfers 90,571 (9,522) (93) (80,956) — Closure and decommissioning – changes in estimate (Note 15) 6,905 6,905 As at December 31, 2021 $ 1,114,570 $ 328,759 $ 426,495 $ 474,727 $ 2,344,551 Cost as at December 31, 2021 $ 3,140,594 $ 343,705 $ 839,427 $ 1,288,392 $ 5,612,118 Accumulated depreciation and impairments (2,026,024) (14,946) (412,932) (813,665) (3,267,567) Carrying value – December 31, 2021 $ 1,114,570 $ 328,759 $ 426,495 $ 474,727 $ 2,344,551 (1) Includes $nil of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2021. Mining Properties Depletable Non-depletable Reserves Reserves Exploration Plant and Total Carrying value As at January 1, 2020 Net of accumulated depreciation $ 950,752 $ 331,549 $ 450,926 $ 771,674 $ 2,504,901 Additions 142,463 17,159 631 30,971 191,224 Disposals (235) (38) (14,315) (382) (14,970) Depreciation and amortization (1) (125,277) (1,059) — (146,108) (272,444) Depreciation charge captured in inventory (29,618) — — — (29,618) Transfers 22,747 (40,531) (5,592) 23,376 — Closure and decommissioning – changes in estimate (Note 15) 35,913 — — — 35,913 As at December 31, 2020 $ 996,745 $ 307,080 $ 431,650 $ 679,531 $ 2,415,006 Cost as at December 31, 2020 $ 2,753,136 $ 321,639 $ 844,487 $ 1,461,678 $ 5,380,940 Accumulated depreciation and impairments (1,756,391) (14,559) (412,837) (782,147) (2,965,934) Carrying value – December 31, 2020 $ 996,745 $ 307,080 $ 431,650 $ 679,531 $ 2,415,006 (1) Includes $18.0 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2020. December 31, 2021 December 31, 2020 Cost Accumulated Carrying Cost Accumulated Carrying Producing properties: Huaron, Peru $ 224,700 $ (141,902) $ 82,798 $ 218,270 $ (135,932) $ 82,338 Morococha, Peru 277,105 (188,821) 88,284 267,705 (175,844) 91,861 Shahuindo, Peru 590,096 (132,727) 457,369 546,643 (86,855) 459,788 La Arena, Peru 208,306 (105,006) 103,300 170,401 (66,313) 104,088 La Colorada, Mexico 355,471 (185,684) 169,787 308,378 (164,443) 143,935 Dolores, Mexico (1) 1,738,040 (1,350,908) 387,132 1,709,105 (1,228,492) 480,613 Manantial Espejo, Argentina (2) 518,931 (500,244) 18,687 513,626 (485,036) 28,590 San Vicente, Bolivia 151,045 (110,829) 40,216 144,790 (101,408) 43,382 Timmins, Canada 335,488 (103,903) 231,585 307,243 (75,902) 231,341 Other 29,804 (19,664) 10,140 28,653 (18,313) 10,340 $ 4,428,986 $ (2,839,688) $ 1,589,298 $ 4,214,814 $ (2,538,538) $ 1,676,276 Non-Producing Properties: Land $ 6,373 $ (871) $ 5,502 $ 6,758 $ (1,254) $ 5,504 Navidad, Argentina (3) 566,577 (376,101) 190,476 566,577 (376,101) 190,476 Escobal, Guatemala 257,390 (1,842) 255,548 259,198 (1,072) 258,126 Timmins, Canada 63,018 — 63,018 71,099 — 71,099 Shahuindo, Peru 3,549 — 3,549 6,079 — 6,079 La Arena, Peru 117,005 — 117,005 117,000 — 117,000 Minefinders, Mexico 78,443 (36,975) 41,468 80,239 (36,975) 43,264 La Colorada, Mexico 55,370 — 55,370 21,589 — 21,589 Morococha, Peru 2,981 — 2,981 5,054 — 5,054 Other 32,426 (12,090) 20,336 32,533 (11,994) 20,539 $ 1,183,132 $ (427,879) $ 755,253 $ 1,166,126 $ (427,396) $ 738,730 Total $ 5,612,118 $ (3,267,567) $ 2,344,551 $ 5,380,940 $ (2,965,934) $ 2,415,006 (1) Includes previously recorded impairment charges of $748.9 million at December 31, 2021 (2020 - $748.9 million). (2) Includes previously recorded impairment charges of $173.3 million at December 31, 2021 (2020 - $173.3 million). (3) Includes previously recorded impairment charges of $376.1 million at December 31, 2021 (2020 - $376.1 million).

Investment in Associates

Investment in Associates	12 Months Ended
	Dec. 31, 2021
Disclosure of associates [abstract]
Investment in Associates	12. INVESTMENTS IN ASSOCIATES The following table shows a continuity of the Company's investments in associates: 2021 2020 Maverix investment, December 31, 2020 $ 71,560 $ 84,319 Acquisition (disposition) of shares in associate 2,616 (23,467) Adjustment for change in ownership interest (22) 1,489 Dividends (1,220) (1,310) Dilution (losses) gains (34) 9,160 Income from associate 4,510 1,369 Maverix investment, December 31, 2021 $ 77,410 $ 71,560 Other investment, December 31, 2021 1,247 — Total investment in associates, December 31, 2021 $ 78,657 $ 71,560 Investment in Maverix: On June 5, 2020, the Company completed a Secondary Offering pursuant to an underwriting agreement dated May 29, 2020 between Maverix, the Company, and a syndicate of underwriters (the "Secondary Offering"). As part of the Secondary Offering, the Company sold 10,350,000 common shares of Maverix at a price of $4.40 per common share for aggregate gross proceeds of $45.5 million and paid underwriting fees equal to 4% of the gross proceeds equal to $1.9 million. Concurrent with the Secondary Offering, the Company acquired ownership or control of an additional 8,250,000 common shares of Maverix through the exercise of its remaining 8,250,000 common share purchase warrants in Maverix (the "Warrants"). 5,000,000 Warrants had an exercise price of $1.56 and 3,250,000 Warrants had an exercise price of $2.408. Maverix received gross proceeds of approximately $15.6 million. As a result, the Company de-recognized the remaining warrant liability representing in substance ownership of Maverix. The Company's share of Maverix income or loss was recorded, based on its 17% interest during the year ended December 31, 2021 (26% from January 1, 2020 to June 5, 2020, 18% from June 6, 2020 to October 29, 2020, and 17% from October 30, 2020 to December 31, 2020), representing the Company’s equity interest. Deferred Revenue: Deferred revenue relates to precious metal streams whereby the Company will sell 100% of the future gold production from La Colorada and 5% of the future gold production from La Bolsa, which is in the exploration stage, to Maverix for $650 and $450 per ounce, respectively (the "Streams"). The deferred revenue related to the Streams will be recognized as revenue by the Company as the gold ounces are delivered to Maverix. As at December 31, 2021, the deferred revenue liability was $12.5 million (December 31, 2020 - $13.3 million).

Goodwill and Other Assets

Goodwill and Other Assets	12 Months Ended
	Dec. 31, 2021
Miscellaneous non-current assets [abstract]
Goodwill and Other Assets	13. GOODWILL AND OTHER ASSETS Other assets consist of: December 31, December 31, Goodwill $ 2,775 $ 2,775 Other assets 1,124 1,396 $ 3,899 $ 4,171

Accounts Payable

Accounts Payable	12 Months Ended
	Dec. 31, 2021
Trade and other current payables [abstract]
Accounts Payable	Accounts payable and accrued liabilities consist of: December 31, December 31, Trade accounts payable (1) $ 77,461 $ 80,280 Royalty payables 24,113 18,166 Other accounts payable and accrued liabilities 107,207 94,600 Payroll and severance liabilities 64,968 56,715 Value added tax liabilities 12,006 11,208 Other tax payables 20,332 20,969 $ 306,087 $ 281,938 (1) No interest is charged on the trade accounts payable ranging from 30 to 60 days from the invoice date. The Company has policies in place to ensure that all payables are paid within the credit terms.

Provisions

Provisions	12 Months Ended
	Dec. 31, 2021
Provisions [abstract]
Provisions	15. PROVISIONS Closure and Litigation Total December 31, 2019 $ 188,455 $ 6,929 $ 195,384 Revisions in estimates and obligations incurred 40,857 — 40,857 Charged (credited) to earnings: -new provisions — 2,402 2,402 -change in estimate — (1,754) (1,754) -exchange gains on provisions — (569) (569) -utilized in the year — (165) (165) Reclamation expenditures (2,462) — (2,462) Accretion expense (Note 22) 8,260 — 8,260 December 31, 2020 $ 235,110 $ 6,843 $ 241,953 Revisions in estimates and obligations incurred 6,278 — 6,278 Charged (credited) to earnings: -new provisions — 6,376 6,376 -change in estimate — (1,801) (1,801) -exchange gains on provisions — (389) (389) -utilized in the period — (5,738) (5,738) Reclamation expenditures (5,997) — (5,997) Accretion expense (Note 22) 7,470 — 7,470 December 31, 2021 $ 242,861 $ 5,291 $ 248,152 Maturity analysis of total provisions: December 31, December 31, Current $ 8,041 $ 12,066 Non-Current 240,111 229,887 $ 248,152 $ 241,953 Closure and Decommissioning Cost Provision The total inflated and undiscounted amount of estimated cash flows required to settle the Company’s estimated future closure and decommissioning costs is $413.0 million (2020 - $330.6 million), which has been inflated using inflation rates of between 1% and 5% (2020 – between 0% and 4%). The total provision for closure and decommissioning cost is calculated using discount rates of between 1% and 9% (2020 - between 0% and 8%). Revisions made to the reclamation obligations in 2021 were primarily a result of increased site disturbance at the mines as well as revisions to the estimate based on periodic reviews of closure plans, actual expenditures incurred and concurrent closure activities completed. These obligations will be funded from operating cash flows, reclamation deposits and cash on hand. The accretion expense charged to 2021 earnings as finance expense was $7.5 million (2020 - $8.3 million). Reclamation expenditures paid during the current year were $6.0 million (2020 - $2.5 million). Litigation Provision

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Disclosure of Leases [Abstract]
Leases	16. LEASES a. Right-of-use assets ("ROU") The following table summarizes changes in ROU assets for the year ended December 31, 2021, which have been recorded in mineral properties, plant and equipment on the consolidated statements of financial position: December 31, December 31, Opening net book value $ 33,543 $ 43,361 Additions 9,924 5,534 Depreciation (12,444) (14,244) Other (1,527) (1,108) Closing net book value $ 29,496 $ 33,543 b. Lease obligations The following table presents a reconciliation of the Company's undiscounted cash flows at December 31, 2021 and December 31, 2020 to their present value for the Company's lease obligations: December 31, December 31, Within one year $ 11,690 $ 13,505 Between one and five years 16,676 17,902 Beyond five years 16,934 19,255 Total undiscounted lease obligations 45,300 50,662 Less future interest charges (14,739) (17,097) Total discounted lease obligations $ 30,561 $ 33,565 Less: current portion of lease obligations (10,663) (12,829) Non-current portion of lease obligations $ 19,898 $ 20,736

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Borrowings [abstract]
Debt	17. DEBT December 31, December 31, Loan $ 15,300 $ — Less: current Loan $ (3,400) $ — Non-current Loan $ 11,900 $ — In June 2021, a wholly-owned Peruvian subsidiary of the Company entered into a Loan for the purpose of certain construction financing. The Loan is denominated in USD, has a five-year term with quarterly repayments and bears interest of 3.6% per annum. On August 10, 2021, Pan American Silver Corp. entered into an amendment agreement to amend and extend the Credit Facility into the Sustainability-Linked Credit Facility. The Sustainability-Linked Credit Facility features a pricing mechanism allowing for pricing adjustments on drawn and undrawn balances based on sustainability performance ratings and scores published by MSCI and S&P Global. The Sustainability-Linked Credit Facility matures on August 8, 2025 and does not include a minimum tangible net worth financial covenant, which was a condition of the previous Credit Facility. In addition, the financial covenants continue to include the requirement for the Company to maintain: (i) a leverage ratio less than or equal to 3.5:1; and (ii) an interest coverage ratio more than or equal to 3.0:1. The Sustainability-Linked Credit Facility and Credit Facility were undrawn at December 31, 2021 and December 31, 2020, respectively. As of December 31, 2021, the Company was in compliance with all covenants required by the Sustainability-Linked Credit Facility. The Sustainability-Linked Credit Facility can be drawn down at any time to finance the Company’s working capital requirements, acquisitions, investments and for general corporate purposes. Subject to pricing adjustment based on sustainability performance ratings and scores, any amounts drawn under the Sustainability-Linked Credit Facility will incur interest at LIBOR plus 1.825% to 2.80%. Undrawn amounts are subject to a stand-by fee of 0.41% to 0.63% per annum, dependent on the Company's leverage ratio and sustainability performance ratings and scores. The Company did not draw from these credit facilities during the year ended December 31, 2021 and incurred $2.1 million in standby charges on undrawn amounts. During the year ended December 31, 2020, the Company incurred $2.2 million in standby charges on undrawn amounts and $5.0 million in interest at an average interest rate of 2.6% on drawn amounts under these facilities.

Other Long Term Liabilities

Other Long Term Liabilities	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Other Long Term Liabilities	18. OTHER LONG-TERM LIABILITIES Other long term liabilities consist of: December 31, December 31, Deferred credit (1) $ 20,788 $ 20,788 Other tax payables 16 54 Severance liabilities 4,887 6,231 $ 25,691 $ 27,073 (1) Represents the obligation to deliver future silver production of Navidad pursuant to a silver stream contract.

Share-Based Compensation And Ot

Share-Based Compensation And Other Related Information	12 Months Ended
	Dec. 31, 2021
Disclosure of share-based payment arrangements [Abstract]
Share-Based Compensation And Other Related Information	19. SHARE CAPITAL AND EMPLOYEE COMPENSATION PLANS a. Stock options and common shares issued as compensation ("Compensation Shares") For the year ended December 31, 2021, the total share-based compensation expense relating to stock options and Compensation Shares was $5.1 million (2020 - $3.0 million) and is presented as a component of general and administrative expense. • Stock options During the year ended December 31, 2021, the Company granted 53,115 (2020 – 7,605 stock options) stock options. During the year ended December 31, 2021, the Company issued 65,780 common shares in connection with the exercise of stock options (2020 – 329,379 common shares in connection with the exercise of 329,711 stock options). • Compensation shares During the year ended December 31, 2021, the Company issued 9,646 common shares to Directors in lieu of Directors' fees of $0.3 million (2020 - 9,883 common shares in lieu of fees of $0.2 million). The following table summarizes changes in stock options for the years ended December 31: Stock Options Weighted As at December 31, 2019 1,143,348 $ 33.84 Granted 7,605 $ 39.48 Exercised (329,711) $ 19.23 Expired (482,438) $ 53.41 Forfeited (21,387) $ 43.08 As at December 31, 2020 317,417 $ 18.78 Granted 53,115 30.70 Exercised (65,780) $ 11.77 Expired (2,162) 41.62 Forfeited (23,587) $ 32.27 As at December 31, 2021 279,003 $ 21.38 The following table summarizes information about the Company's stock options outstanding at December 31, 2021: Options Outstanding Options Exercisable Range of Exercise Prices CAD$ Number Outstanding as at December 31, 2021 Weighted Average Weighted Number Outstanding as at December 31, 2021 Weighted $9.76 - $17.11 48,458 0.9 $ 11.59 48,458 $ 11.59 $17.12 - $24.46 143,896 3.4 $ 18.90 143,896 $ 18.90 $24.47 - $31.81 74,720 6.4 $ 29.50 21,605 $ 26.54 $31.82 - $41.62 11,929 3.9 $ 40.26 8,128 $ 40.62 279,003 3.8 $ 21.38 222,087 $ 18.84 The following assumptions were used in the Black-Scholes option pricing model in determining the fair value of options granted during the years ended December 31: 2021 2020 Expected life 4.0 4.0 Expected volatility 44.0 % 37.9 % Expected dividend yield 2.4 % 1.1 % Risk-free interest rate 1.9 % 0.8 % Weighted average exercise price (CAD$) $ 30.70 $ 39.45 Weighted average fair value (CAD$) $ 9.39 $ 15.80 b. PSUs PSUs are notional share units that mirror the market value of the Company’s common shares. Each vested PSU entitles the participant to a cash payment equal to the value of an underlying share, less applicable taxes, at the end of the term, plus the cash equivalent of any dividends distributed by the Company during the three-year performance period. PSU grants will vest on the date that is three years from the date of grant subject to certain exceptions. Performance results at the end of the performance period relative to predetermined performance criteria and the application of the corresponding performance multiplier determine how many PSUs vest for each participant. The Board of Directors approved the issuance of 79,417 PSUs for 2021 with a share price of CAD $32.72 (2020 - 62,920 PSUs approved at a share price of CAD $39.51). Compensation expense for PSUs was $1.9 million for the year ended December 31, 2021 (2020 - $4.2 million) and is presented as a component of general and administrative expense. At December 31, 2021, the following PSUs were outstanding: PSU Number Outstanding Fair Value As at December 31, 2019 247,601 $ 5,896 Granted 62,920 1,942 Paid out (54,962) (2,626) Change in value — 3,658 As at December 31, 2020 255,559 $ 8,870 Granted 79,417 2,049 Paid out (117,328) (4,539) Forfeited — — Change in value — (901) As at December 31, 2021 217,648 $ 5,479 c. RSUs Under the Company’s RSU plan, selected employees are granted RSUs where each RSU has a value equivalent to one Pan American common share. At the time of settlement, the Board of Directors has the discretion to settle the RSUs with cash or common shares. The RSUs vest in three installments, the first 33.3% vest on the first anniversary date of the grant, the second 33.3% vest on the second anniversary date of the grant, and a further 33.3% vest on the third anniversary date of the grant. Additionally, RSU value is adjusted to reflect dividends paid on common shares over the vesting period. Compensation expense for RSUs was $1.8 million for the year ended December 31, 2021 (2020 – $5.0 million) and is presented as a component of general and administrative expense. At December 31, 2021, the following RSUs were outstanding: RSU Number Outstanding Fair Value As at December 31, 2019 299,216 $ 7,107 Granted 261,224 6,302 Paid out (148,049) (4,762) Forfeited (15,819) (545) Change in value — 5,628 As at December 31, 2020 396,572 $ 13,730 Granted 240,366 5,818 Paid out (197,320) (4,829) Forfeited (13,218) (329) Change in value — (3,699) As at December 31, 2021 426,400 $ 10,691 d. Issued share capital The Company is authorized to issue 400,000,000 common shares without par value. e. Dividends The Company declared the following dividends for the years ended December 31, 2021 and 2020: Declaration date Record date Dividend per common share February 23, 2022 (1) March 7, 2022 $ 0.12 November 9, 2021 November 22, 2021 $ 0.10 August 10, 2021 August 23, 2021 $ 0.10 May 12, 2021 May 25, 2021 $ 0.07 February 17, 2021 March 1, 2021 $ 0.07 November 4, 2020 November 16, 2020 $ 0.07 August 5, 2020 August 17, 2020 $ 0.05 May 6, 2020 May 19, 2020 $ 0.05 February 19, 2020 March 2, 2020 $ 0.05 (1) These dividends were declared subsequent to the year end and have not been recognized as distributions to owners during the period presented. f. CVRs

Production Costs

Production Costs	12 Months Ended
	Dec. 31, 2021
Analysis of income and expense [abstract]
Production Costs	20. PRODUCTION COSTS Production costs are comprised of the following: 2021 2020 Materials and consumables $ 381,446 $ 284,215 Salaries and employee benefits (1) 317,081 262,753 Contractors 226,095 125,242 Utilities 48,675 39,242 Other (recovery) expense 34,165 18,198 Changes in inventories (2) (81,983) (32,978) $ 925,479 $ 696,672 (1) Employee compensation and benefits expense is comprised of: 2021 2020 Wages, salaries and bonuses $ 352,736 $ 317,668 Share-based compensation 5,128 3,024 Total employee compensation and benefit expenses 357,864 320,692 Less: Expensed within Care and Maintenance expenses (4,310) (37,695) Less: Expensed within General and Administrative expenses (31,230) (17,180) Less: Expensed within Exploration expenses (5,243) (3,064) Employee compensation and benefits expenses included in production costs $ 317,081 $ 262,753 (2) Includes NRV adjustments to inventory to increase production costs by $8.7 million for the year ended December 31, 2021 (2020 - reduce by $16.2 million).

Mine Care and Maintenance

Mine Care and Maintenance	12 Months Ended
	Dec. 31, 2021
Analysis of income and expense [abstract]
Mine Care and Maintenance	21. MINE CARE AND MAINTENANCE 2021 2020 COVID-19 mine care and maintenance expenses (1) $ — $ 58,323 COVID-19 mine care and maintenance depreciation — 17,975 Total COVID 19 mine care and maintenance — 76,298 Mine care and maintenance expenses 31,780 25,807 $ 31,780 $ 102,105

Interest and Finance Expense

Interest and Finance Expense	12 Months Ended
	Dec. 31, 2021
Borrowing costs [abstract]
Interest and Finance Expense	22. INTEREST AND FINANCE EXPENSE 2021 2020 Interest expense $ 3,660 $ 9,216 Finance fees 5,068 2,628 Accretion expense (Note 15) 7,470 8,260 $ 16,198 $ 20,104

Earnings Per Share (Basic and D

Earnings Per Share (Basic and Diluted)	12 Months Ended
	Dec. 31, 2021
Earnings per share [abstract]
Earnings Per Share (Basic and Diluted)	23. EARNINGS PER SHARE For the year ended December 31 2021 2020 Earnings (1) (Numerator) Shares (000’s) (Denominator) Per-Share Amount Earnings (Numerator) Shares (000’s) (Denominator) Per-Share Amount Net earnings $ 97,428 $ 177,882 Basic earnings per share $ 97,428 210,298 $ 0.46 $ 177,882 210,085 $ 0.85 Effect of dilutive securities: Stock options — 137 — 210 Diluted earnings per share $ 97,428 210,435 $ 0.46 $ 177,882 210,295 $ 0.85 (1) Net earnings attributable to equity holders of the Company.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2021
Disclosure of cash flow statement [Abstract]
Supplemental Cash Flow Information	24. SUPPLEMENTAL CASH FLOW INFORMATION The following tables summarize other adjustments for non-cash income statement items, changes in operating working capital items and significant non-cash items: Other operating activities 2021 2020 Adjustments for non-cash income statement items: Net realizable value adjustment for inventories $ 8,719 $ (16,175) Gains on derivatives (Note 8c) (5,393) (3,543) Share-based compensation expense 5,128 3,024 Income from equity investees (Note 12) (4,347) (10,529) Gains on sale of mineral properties, plant and equipment (Note 11) (32,167) (7,922) Gains on warrants — (38) $ (28,060) $ (35,183) The following tables summarize other adjustments for non-cash income statement items, changes in operating working capital items and significant non-cash items: Changes in non-cash operating working capital items: 2021 2020 Trade and other receivables $ (2,874) $ 54,838 Inventories (82,885) (14,623) Prepaid expenses 1,049 2,353 Accounts payable and accrued liabilities 18,086 56,816 Provisions (4,445) (2,402) $ (71,069) $ 96,982 Cash and Cash Equivalents December 31, December 31, Cash in banks $ 283,550 $ 167,113

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
Disclosure of entity's operating segments [Abstract]
Segmented Information	25. SEGMENTED INFORMATION The Company reviews its segment reporting to ensure it reflects the operational structure of the Company and enables the Company's Chief Operating Decision Maker to review operating segment performance. We have determined that each producing mine and significant development property represents an operating segment. The Company has organized its reportable and operating segments by significant revenue streams and geographic regions. Significant information relating to the Company’s reportable operating segments is summarized in the table below: For the year ended December 31, 2021 Segment/Country Mine Revenue Production costs and royalties Depreciation Mine operating earnings Capital expenditures (1) Silver Segment: Mexico La Colorada $ 130,112 $ 75,192 $ 20,505 $ 34,415 $ 65,532 Peru Huaron 154,634 90,126 11,564 52,944 10,897 Morococha 108,699 75,182 13,738 19,779 8,329 Bolivia San Vicente 80,446 54,569 9,276 16,601 5,340 Argentina Manantial Espejo 127,445 106,874 16,031 4,540 7,575 Guatemala Escobal — — — — 778 Total Silver Segment 601,336 401,943 71,114 128,279 98,451 Gold Segment: Mexico Dolores (2) 342,556 186,285 106,397 49,874 40,566 Peru Shahuindo 255,771 115,009 42,600 98,162 27,678 La Arena 194,582 84,243 41,362 68,977 45,479 Canada Timmins 238,505 174,374 39,768 24,363 42,298 Total Gold Segment 1,031,414 559,911 230,127 241,376 156,021 Other segment: Canada Pas Corp — — 407 (407) 332 Argentina Navidad — — — — 90 Other Other — — 1,310 (1,310) 980 Total $ 1,632,750 $ 961,854 $ 302,958 $ 367,938 $ 255,874 (1) Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2) The mine was reclassified to the Gold Segment in 2021 as a result of expected mine sequencing into a higher gold zone. For the year ended December 31, 2020 Segment/Country Mine Revenue Production costs and royalties Depreciation Mine operating earnings Capital expenditures (1) Silver Segment: Mexico La Colorada $ 128,824 $ 69,663 $ 19,608 $ 39,553 $ 29,388 Peru Huaron 72,073 39,612 7,069 25,392 4,500 Morococha 47,046 35,768 7,203 4,075 10,168 Bolivia San Vicente 48,396 35,753 6,725 5,918 4,877 Argentina Manantial Espejo 84,051 68,381 9,787 5,883 10,789 Guatemala Escobal — — 4,807 Total Silver Segment 380,390 249,177 50,392 80,821 64,529 Gold Segment: Mexico Dolores (2) 250,219 146,961 87,694 15,564 44,861 Peru Shahuindo 270,043 97,940 40,562 131,541 23,335 La Arena 176,028 72,676 27,683 75,669 37,324 Canada Timmins 262,132 157,412 46,605 58,115 20,751 Total Gold Segment 958,422 474,989 202,544 280,889 126,271 Other segment: Canada Pas Corp — 491 (491) 297 Argentina Navidad — — — — Other Other — — 1,042 (1,042) 560 Total $ 1,338,812 $ 724,166 $ 254,469 $ 360,177 $ 191,657 (1) Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2) The mine has been represented in the Gold Segment to align with current year presentation. A reconciliation of segment mine operating earnings to the Company’s earnings before income taxes per the Consolidated Income Statements is as follows: 2021 2020 Mine operating earnings $ 367,938 $ 360,177 General and administrative (34,852) (36,375) Exploration and project development (11,071) (7,096) Mine care and maintenance (31,780) (102,105) Foreign exchange losses (11,267) (5,474) Gains on commodity and foreign currency contracts 5,393 3,543 Gains on sale of mineral properties, plant and equipment 32,167 7,922 Share of income from associate and dilution gain 4,347 10,529 Other income (expense) 36 (21,144) Earnings from operations 320,911 209,977 Investment (loss) income (59,722) 62,139 Interest and finance expense (16,198) (20,104) Earnings before income taxes $ 244,991 $ 252,012 At December 31, 2021 Segment/Country Mine Assets Liabilities Net assets Silver Segment: Mexico La Colorada $ 299,038 $ 52,934 $ 246,104 Peru Huaron 117,514 59,975 57,539 Morococha 124,607 40,494 84,113 Bolivia San Vicente 88,924 53,264 35,660 Argentina Manantial Espejo 71,012 29,017 41,995 Guatemala Escobal 287,811 19,833 267,978 Total Silver Segment 988,906 255,517 733,389 Gold Segment: Mexico Dolores (1) 750,220 193,638 556,582 Peru Shahuindo 591,164 199,450 391,714 La Arena 317,371 106,799 210,572 Canada Timmins 419,106 62,196 356,910 Total Gold Segment 2,077,861 562,083 1,515,778 Other segment: Canada Pas Corp 176,006 16,492 159,514 Argentina Navidad 193,077 — 193,077 Other 82,734 48,484 34,250 Total $ 3,518,584 $ 882,576 $ 2,636,008 (1) The mine was reclassified to the Gold Segment in 2021 as a result of expected mine sequencing into a higher gold zone. At December 31, 2020 Segment/Country Mine Assets Liabilities Net assets Silver Segment: Mexico La Colorada $ 231,217 $ 48,971 $ 182,246 Peru Huaron 113,177 40,663 72,514 Morococha 121,004 34,906 86,098 Bolivia San Vicente 83,668 40,536 43,132 Argentina Manantial Espejo 75,113 26,950 48,163 Guatemala Escobal 288,588 24,427 264,161 Total Silver Segment 912,767 216,453 696,314 Gold Segment: Mexico Dolores (1) 752,873 169,444 583,429 Peru Shahuindo 566,734 201,427 365,307 La Arena 299,372 112,475 186,897 Canada Timmins 414,396 60,482 353,914 Total Gold Segment 2,033,375 543,828 1,489,547 Other segment: Canada Pas Corp 230,872 18,795 212,077 Argentina Navidad 192,999 — 192,999 Other 63,862 48,960 14,902 $ 3,433,875 $ 828,036 $ 2,605,839 (1) The mine has been represented in the Gold Segment to align with current year presentation. Product Revenue 2021 2020 Refined silver and gold $ 1,177,388 $ 1,047,601 Zinc concentrate 119,059 65,033 Lead concentrate 145,524 132,823 Copper concentrate 133,025 50,081 Silver concentrate 57,754 43,274 Total $ 1,632,750 $ 1,338,812

Other Expenses

Other Expenses	12 Months Ended
	Dec. 31, 2021
Analysis of income and expense [abstract]
Other Expenses	26. OTHER EXPENSES 2021 2020 Change in closure and decommissioning estimates (1) $ 246 $ 5,230 Change in provisions 1,323 7,493 Commissions on investment dispositions — 3,465 Other expense (1,605) 4,956 Total $ (36) $ 21,144

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Disclosure of income tax [Abstract]
Income Taxes	27. INCOME TAXES Components of Income Tax Expense 2021 2020 Current tax expense (recovery) Recognized in profit or loss in current year $ 134,947 $ 99,013 Adjustments recognized in the current year with respect to prior years 147 (658) 135,094 98,355 Deferred tax expense (recovery) Deferred tax recovery recognized in the current year 14,194 14,667 Adjustments recognized in the current year with respect to prior years 56 433 Benefit from previously unrecognized losses, and other temporary differences 508 (42,379) Decrease in deferred tax liabilities due to tax impact of NRV charge to inventory (3,423) 4,481 11,335 (22,798) Income tax expense $ 146,429 $ 75,557 Income tax expense differs from the amounts that would result from applying the Canadian federal and provincial income tax rates to earnings before income tax. These differences result from the items shown on the following table, which result in an effective tax rate that varies considerably from the comparable period. The factors which have affected the effective tax rate for the year ended December 31, 2021 and the comparable period of 2020 were foreign exchange fluctuations, mining taxes paid, and withholding taxes on payments from foreign subsidiaries. The most significant factor impacting the effective tax rate was due to the changes in the recognition of deferred tax assets. The increase in the effective tax rate for 2021 was due to the mark-to-market losses on short-term investments, for which no tax benefit could be recognized; whereas in 2020, it was reduced due to the recognition of deferred tax benefits associated with deductible tax attributes in La Arena, Timmins West, and Bell Creek. The Company continues to expect that these and other factors will continue to cause volatility in effective tax rates in the future. Reconciliation of Effective Income Tax Rate 2021 2020 Earnings before taxes and non-controlling interest $ 244,991 $ 252,012 Statutory Canadian income tax rate 27.00 % 27.00 % Income tax expense based on above rates $ 66,148 $ 68,043 Increase (decrease) due to: Non-deductible expenditures 6,192 9,915 Foreign tax rate differences 15,969 16,179 Change in net deferred tax assets not recognized 20,574 (64,765) Non-taxable portion of net earnings of affiliates (1,304) — Effect of other taxes paid (mining and withholding) 25,846 22,545 Effect of foreign exchange on tax expense 14,337 18,598 Non-taxable impact of foreign exchange (1,203) (3,000) Change in non-deductible portion of reclamation liabilities 2,380 8,605 Other (2,510) (563) Income tax expense $ 146,429 $ 75,557 Deferred tax assets and liabilities The following is the analysis of the deferred tax assets (liabilities) presented in the consolidated financial statements: 2021 2020 Net deferred tax liabilities, beginning of year $ (117,461) $ (140,361) Recognized in net earnings in the year (11,335) 22,798 Other (36) 102 Net deferred liabilities, end of year (128,832) (117,461) Deferred tax assets 55,953 57,850 Deferred tax liabilities (184,785) (175,311) Net deferred tax liabilities $ (128,832) $ (117,461) Components of deferred tax assets and liabilities The deferred tax assets (liabilities) are comprised of the various temporary differences, as detailed below: 2021 2020 Deferred tax assets (liabilities) arising from: Closure and decommissioning costs $ 27,742 $ 26,482 Tax losses, resource pools and mining tax credits 92,928 140,608 Deductible Mexican mining taxes 4,682 3,286 Accounts payable and accrued liabilities 22,119 17,737 Trade and other receivables 29,163 13,290 Provision for doubtful debts and inventory adjustments (28,153) (21,354) Short-term investments (7,941) (15,649) Mineral properties, plant, and equipment (245,126) (274,483) Estimated sales provisions (30,466) (14,028) Other temporary differences and provisions 6,220 6,650 Net deferred tax liabilities $ (128,832) $ (117,461) At December 31, 2021, the net deferred tax liability above included the deferred tax asset of $92.9 million, which includes the benefits from tax losses ($26.4 million) and resource pools ($66.5 million). The decrease of $47.7 million in this deferred tax asset is mainly due to the unrealized losses on short-term investments. These unrealized mark-to-market losses in 2021 reduced the offsetting operating losses recognized, whereas in 2020, additional operating losses were recognized to offset the unrealized mark-to-market gains. The losses will begin to expire after the 2024 year end, if unused. At December 31, 2020, the net deferred tax liability above included the deferred tax asset of $140.6 million, which includes the benefits from tax losses ($43.8 million) and resource pools ($96.8 million). The increase in this deferred tax asset is mainly due to the Timmins and Bell Creek mines - the assets added were related to previously unbenefitted deductible resource pools, partially offset by losses utilized against taxable income earned. The losses will begin to expire after the 2024 year end, if unused. Unrecognized deductible temporary differences, unused tax losses and unused tax credits Deductible temporary differences, unused tax losses and unused tax credits for which no deferred tax assets have been recognized are attributable to the following: 2021 2020 Operating tax loss $ 366,351 $ 284,626 Net capital tax loss 35,801 32,378 Resource pools and other tax credits (1) 49,230 48,773 Financing fees 1,050 2,003 Mineral properties, plant, and equipment (2) 127,945 107,124 Closure and decommissioning costs 143,080 136,728 Exploration and other expenses not currently deductible (2) 33,837 68,266 Intercompany debt 17,956 12,160 Doubtful debt and inventory 24,624 41,378 Payroll and vacation accruals 6,168 1,491 Other temporary differences 6,154 3,562 $ 812,196 $ 738,489 (1) Includes tax credits which will begin to expire after 2027 year end, if unused. (2) Recast comparative temporary differences to be consistent with current presentation. Included in the above amounts are operating tax losses, which if not utilized will expire as follows: At December 31, 2021 Canada US Peru Mexico Barbados Argentina Total 2022 $ — $ 529 $ 156 $ — $ 15 $ 3 $ 703 2023 — 360 — 207 60 5 632 2024 – and after 330,799 11,399 593 2,092 168 19,965 365,016 Total tax losses $ 330,799 $ 12,288 $ 749 $ 2,299 $ 243 $ 19,973 366,351 At December 31, 2020 Canada US Peru Mexico Barbados Argentina Total 2021 $ — $ 317 $ 26 $ — $ 8 $ 1 $ 352 2022 — 529 — — 12 3 544 2023 – and after 269,001 11,746 314 2,406 183 80 283,730 Total tax losses $ 269,001 $ 12,592 $ 340 $ 2,406 $ 203 $ 84 $ 284,626 Taxable temporary differences associated with investment in subsidiaries At December 31, 2021, taxable temporary differences of $282.0 million (2020 – $275.7 million) associated with the investments in subsidiaries have not been recognized as the Company is able to control the timing of the reversal of these differences which are not expected to reverse in the foreseeable future.

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2021
Disclosure of notes and other explanatory information [Abstract]
Contingencies	28. CONTINGENCIES The following is a summary of the contingent matters and obligations relating to the Company as at December 31, 2021. General The Company is subject to various investigations, claims and legal and tax proceedings covering matters that arise in the ordinary course of business activities. Each of these matters is subject to various uncertainties and it is possible that some of these matters may be resolved unfavorably to the Company. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company. In the opinion of management none of these matters are expected to have a material effect on the results of operations or financial conditions of the Company. Environment The Company’s mining and exploration activities are subject to various laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations so as to protect the public health and environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. Estimated future reclamation costs are based on the extent of work required and the associated costs are dependent on the requirements of relevant authorities and the Company’s environmental policies. As of December 31, 2021, $242.9 million (2020 - $235.1 million) was accrued for reclamation costs relating to mineral properties (Note 15). Tax The Company operates in numerous countries around the world and accordingly it is subject to, and pays annual income taxes under the various income tax regimes in the countries in which it operates. Some of these tax regimes are defined by contractual agreements with the local government, and others are defined by the general corporate income tax laws of the country. The Company has historically filed, and continues to file, all required income tax returns and to pay the taxes reasonably determined to be due. The tax rules and regulations in many countries are highly complex and subject to interpretation. From time to time, the Company is subject to a review of its historic income tax filings and in connection with such reviews, disputes can arise with the taxing authorities over the interpretation or application of certain rules to the Company’s business conducted within the country involved. Title The validity of our mining or exploration titles or claims or rights, which constitute most of our property holdings, can be uncertain and may be contested. Although the Company has taken steps to verify title to properties in which it has an interest, these procedures do not guarantee the Company’s title. Property title may be subject to, among other things, unregistered prior agreements or transfers, indigenous land claims, or undetected title defects. In some cases, we do not own or hold rights to the mineral concessions we mine, and our rights may be contractual in nature. We have not conducted surveys of all the claims in which we hold direct or indirect interests and therefore, the precise area and location of such claims may be in doubt. The land title system is also not well developed in some countries and may rely on informal, hereditary or possessory rights. Such informal systems can create significant uncertainty in obtaining and maintaining ownership or rights of access, in defining precise locations or clear boundaries to properties, and substantiating rights if challenged. No assurance can be given that applicable governments will not revoke or significantly alter the conditions of the applicable exploration and mining titles or claims, or that such exploration and mining titles or claims will not be challenged or impugned by third parties. Any defects in title to our properties, or the revocation of or challenges to our rights to mine, could have a material adverse effect on our operations and financial condition. Legal Proceedings We are subject to various claims and legal proceedings covering a wide range of matters that arise in the ordinary course of business activities. Many of these claims are from current or ex-employees, or employees of former or current owners of our operations, such as the Quiruvilca-related claims in Peru, which could, in the aggregate, be of significant value, and include alleged improper dismissals, workplace illnesses, such as silicosis, and claims for additional profit-sharing and bonuses in prior years. We may become subject to class action lawsuits. For example, in mid-2017, Tahoe, which was acquired by us in late February 2019, and certain of its former directors and officers became the subject of three purported class action lawsuits filed in the United States that center primarily around alleged misrepresentations. These U.S. class action lawsuits were later consolidated into one class action suit that is ongoing. In October 2018, Tahoe learned that a similar proposed class action lawsuit had been filed in the Superior Court of Ontario. These lawsuits seek significant damages. Tahoe has disputed the allegations made in these suits, however the outcomes are not determinable at this time. We may also be subject to proceedings in our commercial relationships. While we believe that we have defenses to such allegations, if we are unsuccessful in our defense of these claims, we may be subject to significant losses. Furthermore, we are in some cases the subject of claims by local communities, indigenous groups or private land owners relating to land and mineral rights, or environmental or social damage, and such claimants may seek sizeable monetary damages against us and/or the return of surface or mineral rights or revocation of permits and licenses that are valuable to us and which may impact our operations and profitability if lost. Each of these matters is subject to various uncertainties and it is possible that some of these matters may be resolved unfavourably to us. We establish provisions for matters that are probable and can be reasonably estimated. We also carry liability insurance coverage, however such insurance does not cover all risks to which we might be exposed and in other cases, may only partially cover losses incurred by us. In addition, we may be involved in disputes with other parties in the future that may result in litigation, which may result in a material adverse effect on our financial position, cash flow and results of operations. Country Argentina Unanticipated or drastic changes in laws and regulations have affected our operations in the past. For example, previous governments implemented severe price, foreign exchange, and import controls which included informal restrictions on dividend, interest, and service payments abroad and limitations on the ability to convert ARS into USD which exposed the Company to additional risks of ARS devaluation and high domestic inflation. The current government in Argentina maintains unfavorable economic policies, such as strict currency controls and the imposition of export duties. The Company has suspended project development activities at Navidad as a result of uncertainty over the zoning, regulatory and tax laws. The Company remains committed to the development of Navidad and to contributing to the positive economic and social development of the province of Chubut upon the adoption of a favorable legislative framework. Bolivia On May 28, 2014, the Bolivian government enacted the New Mining Law. Among other things, the New Mining Law provided that all pre-existing contracts were to migrate to one of several new forms of agreement within a prescribed period of time. The Company currently has a joint venture agreement with COMIBOL (the "COMIBOL Joint Venture"), a Bolivian state mining company, relating to the San Vicente mine. As a result, we anticipate that the COMIBOL Joint Venture will be subject to such migration and possible renegotiation of key terms. The migration process has been delayed by COMIBOL and has not been completed. The primary effects on the San Vicente operation and our interest therein will not be known until such time as we have, if required to do so, renegotiated the COMIBOL Joint Venture, and the full impact may only be realized over time. We will take appropriate steps to protect and, if necessary, enforce our rights under the COMIBOL Joint Venture. There is, however, no guarantee that governmental actions, including possible expropriation or additional changes in the law, and the migration of the COMIBOL Joint Venture will not impact our involvement in the San Vicente operation in an adverse way and such actions could have a material adverse effect on us and our business. The Company's San Vicente mine, pursuant to the COMIBOL Joint Venture, is obligated to pay COMIBOL a participation fee of 37.5% of the operation’s cash flow. For the year ended December 31, 2021, the Company incurred approximately $7.7 million in COMIBOL royalties (2020 - incurred $5.8 million). Guatemala Some communities and non-governmental organizations ("NGOs") have been vocal and active in their opposition to mining and exploration activities in Guatemala. In July 2017, the Escobal mining license was suspended as a result of a court proceeding initiated by an NGO in Guatemala, based upon the allegation that the Guatemala MEM violated the Xinka indigenous people’s right of consultation. After several decisions and appeals on the matter, a decision of the Constitutional Court of Guatemala was rendered on September 3, 2018, determining that the Escobal mining license would remain suspended until the Guatemala MEM completes an ILO 169 consultation. This consultation process for the Escobal mine in Guatemala has advanced in 2021 with pre-consultation meetings held in May, June and October. The process is being led by the Guatemala MEM with representatives of the Xinka indigenous people and PAS Guatemala, Pan American's subsidiary in Guatemala, as participants in the process. Operations at the Escobal mine have been suspended, on care and maintenance, since July 2017, and the Constitutional Court of Guatemala has ordered the continued suspension of the mining license while the MEM conducts the ILO 169 consultation with the Xinka communities residing in the area of influence. Legal challenges to the consultation process have been filed with the Guatemalan Supreme Court by parties opposed to the Escobal mine and the ultimate outcome of the various challenges remains uncertain. The process, timing, and outcome of the ILO 169 consultation also remains uncertain.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Disclosure of related party [Abstract]
Related Party Transactions	29. RELATED PARTY TRANSACTIONS The Company’s related parties include its subsidiaries, associates over which it exercises significant influence, and key management personnel. During its normal course of operation, the Company enters into transactions with its related parties for goods and services. All related party transactions for the year ended December 31, 2021 and 2020 have been disclosed in these consolidated financial statements. Transactions with Maverix, an associate of the Company, have been disclosed in Note 12 of these consolidated financial statements. These transactions are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the parties. Remuneration of key management personnel The remuneration of directors and other members of key management personnel during the year was as follows: 2021 2020 (4) Salaries and short-term benefits (1) $ 18,592 $ 14,809 Post-employment benefits (2) 1,130 930 Share-based payments (3) 640 2,143 $ 20,362 $ 17,882 (1) Includes annual salary and short-term incentives or bonuses earned in the year. (2) Includes annual contributions to retirement savings plans made by the Company. (3) Includes annual RSUs, PSUs, stock option and common share grants. (4) Recast to provide consistency with current presentation.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Summary of Significant Accounting Policies [Abstract]
Presentation Currency	Presentation currencyThe functional and presentation currency of the Company and each of its subsidiaries is the United States dollar ("USD").
Basis of Measurement	Basis of measurementThese consolidated financial statements have been prepared on an historical cost basis, except for those assets and liabilities that are measured at revalued amounts or fair values at the end of each reporting period.
Basis of Consolidation	Basis of consolidation The accounts of the Company and its subsidiaries, which are controlled by the Company, have been included in these consolidated financial statements. Control is achieved when the Company is exposed, or has rights, to variable returns from the investee and when the Company has the ability to affect those returns through its power over the investee. Subsidiaries are included in the consolidated financial results of the Company from the effective date of acquisition up to the effective date of disposition or loss of control.
Investments in Associates	Investments in associatesAn associate is an entity over which the investor has significant influence but not control and that is neither a subsidiary nor an interest in a joint venture. Significant influence is presumed to exist where the Company has between 20% and 50% of the voting rights, but can also arise where the Company has less than 20%, if the Company has the power to participate in the financial and operating policy decisions affecting the entity. The Company’s share of the net assets and net earnings or loss is accounted for in the consolidated financial statements using the equity method of accounting.
Business Combinations	Business combinations Upon the acquisition of a business, the acquisition method of accounting is used, whereby the purchase consideration is allocated to the identifiable assets, liabilities and contingent liabilities (identifiable net assets) acquired on the basis of fair value at the date of acquisition. When the cost of the acquisition exceeds the fair value attributable to the Company’s share of the identifiable net assets, the difference is treated as goodwill, which is not amortized and is reviewed for impairment annually or more frequently when there is an indication of impairment. If the fair value attributable to the Company’s share of the identifiable net assets exceeds the cost of acquisition, the difference is immediately recognized in the consolidated income statement. Acquisition related costs, other than costs to issue debt or equity securities of the acquirer, including investment banking fees, legal fees, accounting fees, valuation fees, and other professional or consulting fees are expensed as incurred. The costs to issue equity securities of the Company as consideration for the acquisition are reduced from share capital as share issuance costs. The costs to issue debt securities are capitalized and amortized using the effective interest method. Non-controlling interests are measured either at fair value or at the non-controlling interests’ proportionate share of the recognized amounts of the acquirers’ identifiable net assets as at the date of acquisition. The choice of measurement basis is made on a transaction by transaction basis. Control of a business may be achieved in stages. Upon the acquisition of control, any previously held interest is re-measured to fair value at the date control is obtained resulting in a gain or loss upon the acquisition of control.
Revenue Recognition	Revenue recognition Revenue associated with the sale of commodities is recognized when control of the asset sold is transferred to the customer. Indicators of control transferring include an unconditional obligation to pay, legal title, physical possession, transfer of risk and rewards and customer acceptance. This generally occurs when the goods are delivered to a loading port, warehouse, vessel or metal account as contractually agreed with the buyer; at which point the buyer controls the goods. In cases where the Company is responsible for the cost of shipping and certain other services after the date on which control of the goods transfers to the customer, these other services are considered separate performance obligations and thus a portion of revenue earned under the contract is allocated and recognized as these performance obligations are satisfied. The Company’s concentrate sales contracts with third-party buyers, in general, provide for a provisional payment based upon provisional assays and quoted metal prices. Final settlement is based on applicable commodity prices set on specified quotational periods, typically ranging from one month prior to shipment, and can extend to three months after the shipment arrives at the smelter and is based on average market metal prices. For this purpose, the transaction price can be measured reliably for those products, such as silver, gold, zinc, lead and copper, for which there exists an active and freely traded commodity market such as the London Metals Exchange and the value of product sold by the Company is directly linked to the form in which it is traded on that market. Sales revenue is commonly subject to adjustments based on an inspection of the product by the customer. In such cases, sales revenue is initially recognized on a provisional basis using the Company’s best estimate of contained metal, and adjusted subsequently. Revenues are recorded under these contracts at the time control passes to the buyer based on the expected settlement period. Revenue on provisionally priced sales is recognized based on estimates of the fair value of the consideration receivable based on forward market prices and estimated quantities. At each reporting date provisionally priced metal is marked to market based on the forward selling price for the quotational period stipulated in the contract. Variations between the price recorded at the date when control is transferred to the buyer and the actual final price set under the smelting contracts are caused by changes in metal prices resulting in the receivable being recorded at fair value through profit or loss ("FVTPL"). IFRS 15 - Revenue from Contracts with Customers ("IFRS 15") requires that 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 occur. The Company concluded that the adjustments relating to the final assay results for the quantity and quality of concentrate sold are not significant and do not constrain the recognition of revenue. Refining and treatment charges under the sales contracts are netted against revenue for sales of metal concentrate. The Company recognizes deferred revenue in the event it receives payments from customers in consideration for future commitments to deliver metals and before such sale meets the criteria for revenue recognition. The Company recognizes amounts in revenue as the metals are delivered to the customer. Specifically, for the metal agreements entered into with Maverix Metals Inc. ("Maverix"), the Company determines the amortization of deferred revenue to the Consolidated Income Statement on a per unit basis using the estimated total quantity of metal expected to be delivered to Maverix over the terms of the contract. The Company estimates the current portion of deferred revenue based on quantities anticipated to be delivered over the next twelve months.
Financial Instruments	Financial instruments Measurement – initial recognition Financial assets and financial liabilities are recognized in the Company’s statement of financial position 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 FVTPL. 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. Classification of financial assets Amortized cost: Financial assets that meet the following conditions are measured subsequently at amortized cost: (i) The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and (ii) 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. Interest income is recognized in Investment (loss) income in the Consolidated Income Statements. The Company's financial assets at amortized cost primarily include cash and cash equivalents, receivables not arising from sale of metal concentrates included in Trade and other receivables in the Consolidated Statement of Financial Position (Note 8(a)). FVTPL: By default, all other financial assets are measured subsequently at FVTPL. The Company, at initial recognition, may also irrevocably designate a financial asset as measured at FVTPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. 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 part of a designated hedging relationship. Fair value is determined in the manner described in Note 8(d)(ii). The Company's financial assets at FVTPL include its trade receivables from provisional concentrate sales, short-term investments in equity securities, and derivative assets not designated as hedging instruments. 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 gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Company’s own equity instruments. Classification of financial liabilities Financial liabilities that are not contingent consideration of an acquirer in a business combination, held for trading or designated as at FVTPL, are measured at amortized cost using effective interest method. Derivatives When the Company enters into derivative contracts, these transactions are designed to reduce exposures related to assets and liabilities, firm commitments or anticipated transactions. The Company does not have derivative instruments that qualify as cash flow hedges and consequently all derivatives are recorded at fair value with changes in fair value recognized in net earnings.
Derivative Financial Instruments	Derivative Financial InstrumentsThe Company utilizes metals and currency contracts, including forward contracts to manage exposure to fluctuations in metal prices and foreign currency exchange rates. For metals production, these contracts are intended to reduce the risk of falling prices on the Company’s future sales. Foreign currency derivative financial instruments, such as forward contracts, are used to manage the effects of exchange rate changes on foreign currency cost exposures. Such derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered into and are subsequently re-measured at fair value. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative and any gains or losses arising from changes in fair value on derivatives are taken directly to earnings for the year. The fair value of forward currency and commodity contracts is calculated by reference to current forward exchange rates and prices for contracts with similar maturity profiles. Derivatives, including certain conversion options and warrants with exercise prices in a currency other than the functional currency, are recognized at fair value with changes in fair value recognized in profit or loss.
Inventories	Inventories Inventories include work in progress, concentrate, doré, processed silver and gold, heap leach inventory, and operating materials and supplies. Work in progress inventory includes ore stockpiles and other partly processed material. Stockpiles represent ore that has been extracted and is available for further processing. The classification of inventory is determined by the stage at which the ore is in the production process. Inventories of ore are sampled for metal content and are valued based on the lower of cost or estimated net realizable value ("NRV") based upon the period ending prices of contained metal. Cost is determined on a weighted average basis or using a first-in-first-out basis and includes all costs incurred in the normal course of business including direct material and direct labour costs and an allocation of production overheads, depreciation and amortization, and other costs, based on normal production capacity, incurred in bringing each product to its present location and condition. Material that does not contain a minimum quantity of metal to cover estimated processing expenses to recover the contained metal is not classified as inventory and is assigned no value. The work in progress inventory is considered part of the operating cycle which the Company classifies as current inventory and hence heap leach and stockpiles are included in current inventory. Quantities are assessed primarily through surveys and assays. The costs incurred in the construction of the heap leach pad are capitalized. Heap leach inventory represents silver and gold contained in ore that has been placed on the leach pad for cyanide irrigation. The heap leach process is a process of extracting silver and gold by placing ore on an impermeable pad and applying a diluted cyanide solution that dissolves a portion of the contained silver and gold, which is then recovered during the metallurgical process. When the ore is placed on the pad, an estimate of the recoverable ounces is made based on tonnage, ore grade and estimated recoveries of the ore type placed on the pad. The estimated recoverable ounces on the pad are used to compile the inventory cost. The Company uses several integrated steps to scientifically measure the metal content of the ore placed on the leach pads. The tonnage, grade, and ore type to be mined in a period was first estimated using the Mineral Reserve model. As the ore body is drilled in preparation for the blasting process, samples are taken of the drill residue, which is assayed to determine their metal content and quantities of contained metal. The estimated recoverable ounces carried in the leach pad inventory are adjusted based on actual recoveries being experienced. Actual and estimated recoveries achieved are measured to the extent possible using various indicators including, but not limited to, individual cell recoveries, the use of leach curve recovery and trends in the levels of carried ounces depending on the circumstances or cumulative pad recoveries. The Company then processes the ore through the crushing facility where the output is again weighed and sampled for assaying. A metallurgical reconciliation with the data collected from the mining operation is completed with appropriate adjustments made to previous estimates. The crushed ore is then transported to the leach pad for application of the leaching solution. The samples from the automated sampler are assayed each shift and used for process control. The quantity of leach solution is measured by flow meters throughout the leaching and precipitation process. The pregnant solution from the heap leach is collected and passed through the processing circuit to produce precipitate, which is retorted and then smelted to produce doré bars. The Company allocates direct and indirect production costs to by-products on a systematic and rational basis. With respect to concentrate and doré inventory, production costs are allocated based on the silver equivalent ounces contained within the respective concentrate and doré. The inventory is stated at lower of cost or NRV, with cost being determined using a weighted average cost method. The ending inventory value of ounces associated with the leach pad is equal to opening recoverable ounces plus recoverable ounces placed less ounces produced plus or minus ounce adjustments. The estimate of both the ultimate recovery expected over time and the quantity of metal that may be extracted relative to the time the leach process occurs requires the use of estimates, which rely upon laboratory test work and estimated models of the leaching kinetics in the heap leach pads. Test work consists of leach columns of up to 400 days duration with 150 days being the average, from which the Company projects metal recoveries up to three years in the future. The quantities of metal contained in the ore are based upon actual weights and assay analysis. The rate at which the leach process extracts gold and silver from the crushed ore is based upon laboratory column tests and actual experience. The assumptions used by the Company to measure metal content during each stage of the inventory conversion process include estimated recovery rates based on laboratory testing and assaying. The Company periodically reviews its estimates compared to actual experience and revises its estimates when appropriate. The ultimate recovery will not be known until the leaching operations cease.
Mineral Property, Plant and Equipment	Mineral properties, plant and equipment (MPPE) On initial acquisition, MPPE are valued at cost, being the purchase price and the directly attributable costs of acquisition or construction required to bring the asset to the location and condition necessary for the asset to be capable of operating in the manner intended by management. When provisions for closure and decommissioning are recognized, the corresponding cost is capitalized as part of the cost of the related assets, representing part of the cost of acquiring the future economic benefits of the operation. The capitalized cost of closure and decommissioning activities is recognized in MPPE and depreciated accordingly. In subsequent periods, buildings, plant and equipment are stated at cost less accumulated depreciation and any impairment in value, whilst land is stated at cost less any impairment in value and is not depreciated. Each asset's or part’s estimated useful life has due regard to both its own physical life limitations and the present assessment of economically recoverable reserves of the mine property at which the item is located, and to possible future variations in those assessments. Estimates of remaining useful lives and residual values are reviewed annually. Changes in estimates are accounted for prospectively. The expected useful lives are included below in the accounting policy for depreciation of MPPE. The net carrying amounts of MPPE are reviewed for impairment either individually or at the cash-generating unit level when events and changes in circumstances indicate that the carrying amounts may not be recoverable. To the extent that these values exceed their recoverable amounts, that excess is recorded as an impairment provision in the financial year in which this is determined. In countries where the Company paid Value Added Tax (“VAT”) and where there is uncertainty of its recoverability, the VAT payments have either been deferred with mineral property costs relating to the property or expensed if it relates to mineral exploration. If the Company ultimately recovers previously deferred amounts, the amount received will be applied to reduce mineral property costs or taken as a credit against current expenses depending on the prior treatment. Expenditure on major maintenance or repairs includes the cost of the replacement of parts of assets and overhaul costs. Where an asset or part of an asset is replaced and it is probable that future economic benefits associated with the item will be available to the Company, the expenditure is capitalized and the carrying amount of the item replaced derecognized. Similarly, overhaul costs associated with major maintenance are capitalized and depreciated over their useful lives where it is probable that future economic benefits will be available and any remaining carrying amounts of the cost of previous overhauls are derecognized. All other costs are expensed as incurred. Where an item of MPPE is disposed of, it is derecognized and the difference between its carrying value and net sales proceeds is disclosed as earnings or loss on disposal in the income statement. Any items of mineral property, plant or equipment that cease to have future economic benefits are derecognized with any gain or loss included in the financial year in which the item is derecognized. The carrying amounts of MPPE (including initial and any subsequent capital expenditure) are depreciated to their estimated residual value over the estimated useful lives of the specific assets concerned, or the estimated life of the associated mine or mineral lease, if shorter. Estimates of residual values and useful lives are reviewed annually and any change in estimate is taken into account in the determination of remaining depreciation charges, and adjusted if appropriate, at each statement of financial position date. Changes to the estimated residual values or useful lives are accounted for prospectively. Depreciation commences on the date when the asset is available for use as intended by management. i) Units of production basis For mining properties and leases and certain mining equipment, the economic benefits from the asset are consumed in a pattern which is linked to the production level. Except as noted below, such assets are depreciated on a units of production basis. In applying the units of production method, depreciation is normally calculated using the quantity of material extracted from the mine in the period as a percentage of the total quantity of material to be extracted in current and future periods based on proven and probable reserves. ii) Straight line basis Assets within operations for which production is not expected to fluctuate significantly from one year to another or which have a physical life shorter than the related mine are depreciated on a straight line basis. MPPE are depreciated over their useful life, or over the remaining life of the mine if shorter. The major categories of property, plant and equipment are depreciated on a unit of production and/or straight-line basis as follows: • Land – not depreciated • Mobile equipment – 3 to 7 years • Buildings and plant facilities – 25 to 50 years • Mining properties and leases including capitalized evaluation and development expenditures – based on applicable reserves on a unit of production basis. • Exploration and evaluation – not depreciated until mine goes into production • Assets under construction – not depreciated until assets are ready for their intended use
Operational Mining Properties and Mine Development	Operational mining properties and mine development When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves (which occurs upon completion of a positive economic analysis of the mineral deposit), the costs incurred to develop such property including costs to further delineate the ore body and remove overburden to initially expose the ore body prior to the start of mining operations, are also capitalized. Such costs are amortized using the units-of-production method over the estimated life of the ore body based on proven and probable reserves. Costs associated with commissioning activities on constructed plants are deferred from the date of mechanical completion of the facilities until the date the Company is ready to commence commercial production. Any revenues earned during this period are recorded as a reduction in deferred commissioning costs. These costs are amortized using the units-of-production method (described below) over the life of the mine, commencing on the date of commercial production. Acquisition costs related to the acquisition of land and mineral rights are capitalized as incurred. Prior to acquiring such land or mineral rights, the Company makes a preliminary evaluation to determine that the property has significant potential to economically develop the deposit. The time between initial acquisition and full evaluation of a property’s potential is dependent on many factors including: location relative to existing infrastructure, the property’s stage of development, geological controls and metal prices. If a mineable deposit is discovered, such costs are amortized when production begins. If no mineable deposit is discovered, such costs are expensed in the period in which it is determined the property has no future economic value. In countries where the Company has paid VAT and where there is uncertainty of its recoverability, the VAT payments have either been deferred with mineral property costs relating to the property or expensed if it relates to mineral exploration. If the Company ultimately makes recoveries of the VAT, the amount received will be applied to reduce mineral property costs or taken as a credit against current expenses depending on the prior treatment. Major development expenditures on producing properties incurred to increase production or extend the life of the mine are capitalized while ongoing mining expenditures on producing properties are charged against
Exploration and Evaluation Expenditure	Exploration and evaluation Exploration expenditures are incurred in the search for economic mineral deposits or the process of obtaining more information about existing mineral deposits and typically include costs associated with drilling, sampling, mapping and other activity related to the search for ore. Evaluation expenditures are incurred to establish the technical and commercial viability of mineral deposits and typically include costs associated with determining optimal methods of extraction and metallurgical and treatment processes, permitting, and preparing economic evaluations. Exploration expenditures are expensed as incurred. Evaluation expenditures are capitalized when management determines there is a high degree of confidence that future economic benefits will flow to the Company. Acquired exploration and evaluation projects and acquired exploration rights are recognized as assets at their cost of acquisition or at fair value if purchased as part of a business combination. Capitalized exploration and evaluation expenditures are reclassified to mineral properties, plant and equipment, in accordance with Note 3(j), once the technical feasibility and commercial viability are demonstrated.
Deferred Stripping Costs	Deferred stripping costsIn open pit mining operations, it is necessary to remove overburden and other waste in order to access the ore body. During the preproduction phase, these costs are capitalized as part of the cost of the mine property and subsequently amortized over the life of the mine (or pit) on a units of production basis.The costs of removal of the waste material during a mine’s production phase are deferred where they give rise to future benefits. These capitalized costs are subsequently amortized on a unit of production basis over the reserves that directly benefit from the specific stripping activity.
Asset Impairment	mpairment (and reversals of impairment) of non-current assets The Company reviews and tests the carrying amount of MPPE and intangible assets with finite lives when there is an indication of impairment or impairment reversal. Additionally, disposal groups held for sale are tested for impairment upon classification as a disposal group held for sale. Impairment assessments on MPPE and intangible assets are conducted at the level of the CGU. The recoverable amount of a CGU is the higher of value in use ("VIU") and fair value less cost to sell. VIU is the net present value of expected future cash flows. Impairments are recognized for any excess of carrying value over the recoverable amount. Where the recoverable amount is assessed using discounted cash flow techniques, the resulting estimates are based on detailed mine and/or production plans. The cash flow forecasts are based on best estimates of expected future revenues and costs, including the future cash costs of production, capital expenditure, closure, restoration and environmental clean-up. These may include net cash flows expected to be realized from extraction, processing and sale of mineral resources that do not currently qualify for inclusion in proven or probable ore reserves. Such non-reserve material is included where there is a high degree of confidence in its economic extraction. This expectation is usually based on preliminary drilling and sampling of areas of mineralization that are contiguous with existing reserves. Typically, the additional evaluation to achieve reserve status for such material has not yet been done because this would involve incurring costs earlier than is required for the efficient planning and operation of the mine. Where the recoverable amount of a CGU is dependent on the life of its associated ore, expected future cash flows reflect long term mine plans, which are based on detailed research, analysis and iterative modeling to optimize the level of return from investment, output and sequence of extraction. The mine plan takes account of all relevant characteristics of the ore, including waste to ore ratios, ore grades, haul distances, chemical and metallurgical properties of the ore affecting process recoveries and capacities of processing equipment that can be used. The mine plan is therefore the basis for forecasting production output in each future year and for forecasting production costs. The Company’s cash flow forecasts are based on estimates of future commodity prices, which assume market prices will revert to the Company’s assessment of the long-term average price, generally over a period of three The discount rates applied to the future cash flow forecasts represent an estimate of the rate the market would apply having regard to the time value of money and the risks specific to the asset for which the future cash flow estimates have not been adjusted, including appropriate adjustments for the risk profile of the countries in which the individual CGU operate. The great majority of the Company’s sales are based on prices denominated in USD. To the extent that the currencies of countries in which the Company produces commodities strengthen against the USD without commodity price offset, cash flows and, therefore, net present values are reduced.
Closure and Decommissioning Costs	Closure and decommissioning costs The mining, extraction and processing activities of the Company normally give rise to obligations for site closure or rehabilitation. Closure and decommissioning works can include facility decommissioning and dismantling; removal or treatment of waste materials; site and land rehabilitation. The extent of work required and the associated costs are dependent on the requirements of relevant authorities and the Company’s environmental policies. Provisions for the cost of each closure and rehabilitation program are recognized at the time that environmental disturbance occurs. When the extent of disturbance increases over the life of an operation, the provision is increased accordingly. Costs included in the provision encompass all closure and decommissioning activity expected to occur progressively over the life of the operation and at the time of closure in connection with disturbances at the reporting date. Routine operating costs that may impact the ultimate closure and decommissioning activities, such as waste material handling conducted as an integral part of a mining or production process, are not included in the provision. Costs arising from unforeseen circumstances, such as the contamination caused by unplanned discharges, are recognized as an expense and liability when the event gives rise to an obligation which is probable and capable of reliable estimation. The timing of the actual closure and decommissioning expenditure is dependent upon a number of factors such as the life and nature of the asset, the operating license conditions, and the environment in which the mine operates. Expenditures may occur before and after closure and can continue for an extended period of time dependent on closure and decommissioning requirements. Closure and decommissioning provisions are measured at the expected value of future cash flows, discounted to their present value and determined according to the probability of alternative estimates of cash flows occurring for each operation. Discount rates used are specific to the underlying obligation. Significant judgments and estimates are involved in forming expectations of future activities and the amount and timing of the associated cash flows. Those expectations are formed based on existing environmental and regulatory requirements which give rise to a constructive or legal obligation. When provisions for closure and decommissioning are initially recognized, the corresponding cost is capitalized as a component of the cost of the related asset, representing part of the cost of acquiring the future economic benefits of the operation. The capitalized cost of closure and decommissioning activities is recognized in property, plant and equipment and depreciated accordingly. The value of the provision is progressively increased over time as the effect of discounting unwinds, creating an expense recognized in finance expenses. Closure and decommissioning provisions are also adjusted for changes in estimates. Those adjustments are accounted for as a change in the corresponding capitalized cost, except where a reduction in the provision is greater than the un-depreciated capitalized cost of the related assets, in which case the capitalized cost is reduced to nil and the remaining adjustment is recognized in the income statement. In the case of closed sites, changes to estimated costs are recognized immediately in the income statement. Changes to the capitalized cost result in an adjustment to future depreciation and finance charges. Adjustments to the estimated amount and timing of future closure and decommissioning cash flows are a normal occurrence in light of the significant judgments and estimates involved.
Foreign Currency Translation	Foreign currency translationThe Company’s functional currency and that of its subsidiaries is the USD, as this is the principal currency of the economic environments in which they operate. Transaction amounts denominated in foreign currencies (currencies other than USD) are translated into USD at exchange rates prevailing at the transaction dates. Carrying values of foreign currency monetary assets and liabilities are re-translated at each statement of financial position date to reflect the U.S. exchange rate prevailing at that date. Gains and losses arising from translation of foreign currency monetary assets and liabilities at each period end are included in earnings except for differences arising on decommissioning provisions which are capitalized for operating mines.
Share-based Payments	Share-based payments The Company makes share-based awards, including restricted share units ("RSUs"), performance share units ("PSUs"), shares and options, to certain employees. For equity-settled awards, the fair value is charged to the income statement and credited to equity, on a straight-line basis over the vesting period, after adjusting for the estimated number of awards that are expected to vest. The fair value of the equity-settled awards is determined at the date of grant. Non-vesting conditions and market conditions, such as target share price upon which vesting is conditioned, are factored into the determination of fair value at the date of grant. All other vesting conditions are excluded from the determination of fair value and included in management’s estimate of the number of awards ultimately expected to vest. The fair value is determined by using option pricing models. At each statement of financial position date prior to vesting, the cumulative expense representing the extent to which the vesting period has expired and management’s best estimate of the awards that are ultimately expected to vest is computed (after adjusting for non-market performance conditions). The movement in cumulative expense is recognized in the income statement with a corresponding entry within equity. No expense is recognized for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vested irrespective of whether or not the market condition is satisfied, provided that all other performance conditions are satisfied. Where the terms of an equity-settled award are modified, as a minimum an expense is recognized as if the terms had not been modified over the original vesting period. In addition, an expense is recognized for any modification, which increases the total fair value of the share-based payment arrangement, or is otherwise beneficial to the employee as measured at the date of modification, over the remainder of the new vesting period.
Leases	Leases Lease Definition At inception of a contract, the Company assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. An identified asset may be implicitly or explicitly specified in a contract, but must be physically distinct, and must not have the ability for substitution by a lessor. The Company has the right to control an identified asset if it obtains substantially all of its economic benefits and either pre-determines, or directs how and for what purpose the asset is used. Measurement of ROU Assets and Lease Obligations At lease commencement, the Company recognizes a ROU Asset and a lease obligation. The ROU Asset is initially measured at cost, which comprises the initial amount of the lease obligation adjusted for any lease payments made at, or before, the commencement date, plus any initial direct costs incurred, less any lease incentives received. The ROU Asset is subsequently amortized on a straight-line basis over the shorter of the term of the lease, or the useful life of the asset determined on the same basis as the Company’s property, plant and equipment. The ROU Asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease obligation. The lease obligation is initially measured at the present value of lease payments remaining at the lease commencement date, discounted using the Company’s incremental borrowing rate. Lease payments included in the measurement of the lease obligation, when applicable, may comprise fixed payments, variable payments that depend on an index or rate, amounts expected to be payable under a residual value guarantee and the exercise price under a purchase, extension or termination option that the Company is reasonably certain to exercise. The lease obligation is subsequently measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease obligation is remeasured, a corresponding adjustment is made to the carrying amount of the ROU Asset. Recognition Exemptions The Company has elected not to recognize ROU Assets and lease obligations for short-term leases that have a lease term of twelve months or less or for leases of low-value assets. Payments associated with these leases are recognized as an operating expense on a straight-line basis over the lease term within costs and expenses on the consolidated income statement.
Income Taxes	Income taxes Taxation on the earnings or loss for the year comprises current and deferred tax. Taxation is recognized in the income statement except to the extent that it relates to items recognized in other comprehensive income or directly in equity, in which case the tax is recognized in other comprehensive income or equity. Current tax is the expected tax payable on the taxable income for the year using rates enacted or substantively enacted at the year end, and includes any adjustment to tax payable in respect of previous years. Deferred tax is provided using the statement of financial position liability method, providing for the tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for tax assessment or deduction purposes. Where an asset has no deductible or depreciable amount for income tax purposes, but has a deductible amount on sale or abandonment for capital gains tax purposes, that amount is included in the determination of temporary differences. The tax effect of certain temporary differences is not recognized, principally with respect to goodwill; temporary differences arising on the initial recognition of assets or liabilities (other than those arising in a business combination or in a manner that initially impacted accounting or taxable earnings); and temporary differences relating to investments in subsidiaries, jointly controlled entities and associates to the extent that the Company is able to control the reversal of the temporary difference and the temporary difference is not expected to reverse in the foreseeable future. The amount of deferred tax recognized is based on the expected manner and timing of realization or settlement of the carrying amount of assets and liabilities, with the exception of items that have a tax base solely derived under capital gains tax legislation, using tax rates enacted or substantively enacted at period end. To the extent that an item’s tax base is solely derived from the amount deductible under capital gains tax legislation, deferred tax is determined as if such amounts are deductible in determining future assessable income. The carrying amount of deferred income tax assets is reviewed at each statement of financial position date and reduced to the extent that it is no longer probable that sufficient taxable earnings will be available to allow all or part of the deferred income tax asset to be utilized. To the extent that an asset not previously recognized fulfils the criteria for recognition, a deferred income tax asset is recorded. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the asset is realized or the liability is settled, based on tax rates and tax laws enacted or substantively enacted at the statement of financial position date. Current and deferred taxes relating to items recognized in other comprehensive income or directly in equity are recognized in other comprehensive income or equity and not in the income statement. Mining taxes and royalties are treated and disclosed as current and deferred taxes if they have the characteristics of an income tax. Judgments are required about the application of income tax legislation. These judgments and assumptions are subject to risk and uncertainty, hence there is a possibility that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets and deferred tax liabilities recognized on the statement of financial position and the amount of other tax losses and temporary differences not yet recognized. In such circumstances, some or the entire carrying amount of recognized deferred tax assets and liabilities may require adjustment, resulting in a corresponding credit or charge to the income statement.
Earnings (Loss) per Share	Earnings (loss) per share Basic earnings (loss) per share is calculated by dividing earnings attributable to ordinary equity holders of the parent entity by the weighted average number of ordinary shares outstanding during the period. The diluted earnings per share calculation is based on the earnings attributable to ordinary equity holders and the weighted average number of shares outstanding after adjusting for the effects of all potential ordinary shares. This method requires that the number of shares used in the calculation be the weighted average number of shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. This method assumes that the potential ordinary shares converted into ordinary shares at the beginning of the period (or at the time of issuance, if not in existence at beginning of the period). The number of dilutive potential ordinary shares is determined independently for each period presented.
Borrowing Costs and Upfront Costs	Borrowing costs and upfront costsBorrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets are capitalized. Qualifying assets are assets that require a substantial amount of time to prepare for their intended use, including mineral properties in the evaluation stage where there is a high likelihood of commercial exploitation. Qualifying assets also include significant expansion projects at the operating mines. Borrowing costs are considered an element of the historical cost of the qualifying asset. Capitalization ceases when the asset is substantially complete or if construction is interrupted for an extended period. Where the funds used to finance a qualifying asset form part of general borrowings, the amount capitalized is calculated using a weighted average of rates applicable to the relevant borrowings during the period. Where funds borrowed are directly attributable to a qualifying asset, the amount capitalized represents the borrowing costs specific to those borrowings. Where surplus funds available out of money borrowed specifically to finance a project are temporarily invested, the total borrowing cost is reduced by income generated from short-term investments of such funds.Upfront costs incurred in connection with entering new credit facilities are recorded as Other assets and are amortized over the life of the respective credit facilities.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Summary of Significant Accounting Policies [Abstract]
Disclosure of subsidiaries	The principal subsidiaries of the Company and their geographic locations at December 31, 2021 were as follows: Location Subsidiary Ownership Accounting Operations and Development Canada Lake Shore Gold Corp. 100% Consolidated Bell Creek and Timmins West mines Mexico Plata Panamericana S.A. de C.V. 100% Consolidated La Colorada mine Compañía Minera Dolores S.A. de C.V. 100% Consolidated Dolores mine Peru Pan American Silver Huaron S.A. 100% Consolidated Huaron mine Compañía Minera Argentum S.A. 92% Consolidated Morococha mine Shahuindo S.A.C. 100% Consolidated Shahuindo mine La Arena S.A. 100% Consolidated La Arena mine Bolivia Pan American Silver (Bolivia) S.A. 95% Consolidated San Vicente mine Guatemala Pan American Silver Guatemala S.A. 100% Consolidated Escobal mine Argentina Minera Tritón Argentina S.A. 100% Consolidated Manantial Espejo & Cap-Oeste Sur Este mines Minera Joaquin S.R.L. 100% Consolidated Joaquin mine Minera Argenta S.A. 100% Consolidated Navidad project
Disclosure of joint ventures	The principal subsidiaries of the Company and their geographic locations at December 31, 2021 were as follows: Location Subsidiary Ownership Accounting Operations and Development Canada Lake Shore Gold Corp. 100% Consolidated Bell Creek and Timmins West mines Mexico Plata Panamericana S.A. de C.V. 100% Consolidated La Colorada mine Compañía Minera Dolores S.A. de C.V. 100% Consolidated Dolores mine Peru Pan American Silver Huaron S.A. 100% Consolidated Huaron mine Compañía Minera Argentum S.A. 92% Consolidated Morococha mine Shahuindo S.A.C. 100% Consolidated Shahuindo mine La Arena S.A. 100% Consolidated La Arena mine Bolivia Pan American Silver (Bolivia) S.A. 95% Consolidated San Vicente mine Guatemala Pan American Silver Guatemala S.A. 100% Consolidated Escobal mine Argentina Minera Tritón Argentina S.A. 100% Consolidated Manantial Espejo & Cap-Oeste Sur Este mines Minera Joaquin S.R.L. 100% Consolidated Joaquin mine Minera Argenta S.A. 100% Consolidated Navidad project

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Financial instruments [Abstract]
Disclosure of financial assets by categories	Financial assets and liabilities by categories: December 31, 2021 Amortized cost FVTPL Total Financial Assets: Cash and cash equivalents $ 283,550 $ — $ 283,550 Trade receivables from provisional concentrates sales (1) — 40,020 40,020 Receivable not arising from sale of metal concentrates (1) 76,902 — 76,902 Short-term investments — 51,723 51,723 Derivative assets — 3,995 3,995 $ 360,452 $ 95,738 $ 456,190 Financial Liabilities: Derivative liabilities $ — $ 351 $ 351 Debt $ 15,300 $ — $ 15,300 (1) Included in Trade and other receivables. December 31, 2020 Amortized cost FVTPL Total Financial Assets: Cash and cash equivalents $ 167,113 $ — $ 167,113 Trade receivables from provisional concentrates sales (1) — 35,084 35,084 Receivable not arising from sale of metal concentrates (1) 84,486 — 84,486 Short-term investments — 111,946 111,946 Derivative assets — 7,812 7,812 $ 251,599 $ 154,842 $ 406,441 Financial Liabilities: Derivative liabilities $ — $ 367 $ 367 (1) Included in Trade and other receivables.
Disclosure of financial liabilities by categories	Financial assets and liabilities by categories: December 31, 2021 Amortized cost FVTPL Total Financial Assets: Cash and cash equivalents $ 283,550 $ — $ 283,550 Trade receivables from provisional concentrates sales (1) — 40,020 40,020 Receivable not arising from sale of metal concentrates (1) 76,902 — 76,902 Short-term investments — 51,723 51,723 Derivative assets — 3,995 3,995 $ 360,452 $ 95,738 $ 456,190 Financial Liabilities: Derivative liabilities $ — $ 351 $ 351 Debt $ 15,300 $ — $ 15,300 (1) Included in Trade and other receivables. December 31, 2020 Amortized cost FVTPL Total Financial Assets: Cash and cash equivalents $ 167,113 $ — $ 167,113 Trade receivables from provisional concentrates sales (1) — 35,084 35,084 Receivable not arising from sale of metal concentrates (1) 84,486 — 84,486 Short-term investments — 111,946 111,946 Derivative assets — 7,812 7,812 $ 251,599 $ 154,842 $ 406,441 Financial Liabilities: Derivative liabilities $ — $ 367 $ 367 (1) Included in Trade and other receivables.
Disclosure of financial instruments at fair value through profit or loss	The Company’s short-term investments in equity securities are recorded at FVTPL. The (losses) gains from short-term investments in equity securities for the year ended December 31, 2021 and 2020 were as follows: 2021 2020 Unrealized (losses) gains on short-term investments, equity securities $ (60,355) $ 10,577 Realized gains on short-term investments, equity securities 633 51,562 $ (59,722) $ 62,139 2021 2020 Gains on derivatives Realized gains (losses) on derivatives $ 9,156 $ (2,594) Unrealized (losses) gains on derivatives (3,763) 6,137 $ 5,393 $ 3,543
Disclosure of assets and liabilities in the fair value hierarchy	The levels in the fair value hierarchy into which the Company’s financial assets and liabilities that are measured and recognized on the consolidated statements of financial position at fair value on a recurring basis were categorized as follows: At December 31, 2021 At December 31, 2020 Level 1 Level 2 Level 1 Level 2 Assets and Liabilities: Short-term investments $ 51,723 $ — $ 111,946 $ — Trade receivables from provisional concentrate sales — 40,020 — 35,084 Derivative assets — 3,995 — 7,812 Derivative liabilities — (351) — (367) $ 51,723 $ 43,664 $ 111,946 $ 42,529
Disclosure of credit risk exposure	Cash and cash equivalents, trade accounts receivable and other receivables that represent the maximum credit risk to the Company consist of the following: December 31, December 31, Cash and cash equivalents $ 283,550 $ 167,113 Trade accounts receivable (1) 40,020 35,084 Supplier advances (1) 11,228 8,186 Employee loans (1) 667 552 (1) Included in Trade and other receivables.
Disclosure of maturity analysis for derivative financial liabilities	The following tables summarize the remaining contractual maturities of the Company's financial liabilities and operating and capital commitments on an undiscounted basis: Payments due by period 2021 Within 1 year 2 - 3 years 4- 5 years After 5 years Total Accounts payable and accrued liabilities other than: $ 275,629 $ — $ — $ — $ 275,629 Severance accrual 26,695 404 33 4,450 31,582 Employee compensation 3,763 — — — 3,763 Total accounts payable and accrued liabilities 306,087 404 33 4,450 310,974 Income taxes payable 59,133 — — — 59,133 Loss on derivatives 351 — — — 351 Debt Repayment of principal 3,400 6,800 5,100 — 15,300 Interest and standby fees 2,613 4,867 1,432 — 8,912 Provisions (1)(2) 2,738 2,553 — — 5,291 Future employee compensation 3,352 9,058 — — 12,410 Total contractual obligations (2) $ 377,674 $ 23,682 $ 6,565 $ 4,450 $ 412,371 (1) Total litigation provision (Note 15). (2) Amounts above do not include payments related to closure and decommissioning (current $5.3 million, long-term $237.6 million) discussed in Note 15, the $20.8 million deferred credit arising from the Navidad acquisition discussed in Note 18, and deferred tax liabilities of $184.8 million in Note 27. Payments due by period 2020 Within 1 year 2 - 3 years 4- 5 years After 5 years Total Accounts payable and accrued liabilities other than: $ 272,266 $ — $ — $ — $ 272,266 Severance accrual 2,935 3,711 1,120 76 7,842 Employee compensation 6,737 — — — 6,737 Total accounts payable and accrued liabilities 281,938 3,711 1,120 76 286,845 Income taxes payable 54,556 — — — 54,556 Loss on derivatives 367 — — — 367 Debt Interest and standby fees 2,110 2,294 — — 4,404 Provisions (1)(2) 3,648 3,109 85 1 6,843 Future employee compensation 4,396 11,468 — — 15,864 Total contractual obligations (2) $ 347,015 $ 20,582 $ 1,205 $ 77 $ 368,879 (1) Total litigation provision (Note 15). (2) Amounts above do not include payments related to closure and decommissioning (current $8.4 million, long-term $226.7 million) discussed in Note 15, the $20.8 million deferred credit arising from the Navidad acquisition discussed in Note 18, and deferred tax liabilities of $175.3 million in Note 27.
Disclosure of exposure to currency risk through financial assets and liabilities	The Company is exposed to currency risk through the following financial assets and liabilities, and deferred income tax assets and liabilities denominated in foreign currencies: At December 31, 2021 Cash and Other current and Income taxes Accounts payable Deferred tax Canadian Dollar $ 60,507 $ 3,389 $ — $ (27,448) $ — Mexican Peso 1,159 7,681 (14,930) (25,985) (64,584) Argentine Peso 12,488 20,358 1,502 (19,525) (13) Bolivian Boliviano 8,397 499 (7,943) (23,914) (6,954) European Euro 49 — — — — Peruvian Sol 8,585 17,295 (22,207) (54,953) (94,367) Guatemala quetzal 169 539 (91) (9,919) — $ 91,354 $ 49,761 $ (43,669) $ (161,744) $ (165,918) At December 31, 2020 Cash and Other current and Income taxes receivable (payable), current and non- current (1) Accounts payable Deferred tax assets and liabilities (1) Canadian Dollar $ 117,956 $ 4,952 $ — $ (24,310) $ — Mexican Peso 1,020 29,895 3,550 (45,050) (73,017) Argentine Peso 7,175 16,878 1,513 (14,543) — Bolivian Boliviano 571 218 (3,159) (19,402) (7,700) European Euro 3 — — — — Peruvian Sol 13,917 26,257 (39,296) (54,672) (77,810) Guatemala quetzal 453 677 — (4,559) — $ 141,095 $ 78,877 $ (37,392) $ (162,536) $ (158,527) (1) Recast comparative to be consistent with current presentation.

Short Term Investments (Tables)

Short Term Investments (Tables)	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Available for sale investments	December 31, 2021 December 31, 2020 Fair Value Cost Accumulated unrealized holding gains Fair Value Cost Accumulated unrealized holding gains Short-term investments $ 51,723 $ 20,419 $ 31,304 $ 111,946 $ 20,419 $ 91,527

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Schedule of inventories	Inventories consist of: December 31, December 31, Concentrate $ 30,647 $ 19,104 Stockpile 43,216 30,063 Heap leach and in process 286,266 219,334 Doré and finished 81,448 77,489 Materials and supplies 84,529 84,556 Total inventories $ 526,106 $ 430,546 Less: current inventories $ (500,462) $ (406,191) Non-current inventories (1) $ 25,644 $ 24,355 (1) Inventories at Escobal mine, which include $18.3 million (2020 - $17.1 million) in supplies with the remainder attributable to metals, have been classified as non-current pending the restart of operations.

Mineral Properties, Plant and_2

Mineral Properties, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment	Mineral properties, plant and equipment consist of: Mining Properties Depletable Non-depletable Reserves Reserves Exploration Plant and Total Carrying value As at January 1, 2021 Net of accumulated depreciation $ 996,745 $ 307,080 $ 431,650 $ 679,531 $ 2,415,006 Additions 210,484 31,971 7,253 16,766 266,474 Disposals (2,770) — (12,315) (4,542) (19,627) Depreciation and amortization (1) (166,116) (770) — (136,072) (302,958) Depreciation charge captured in inventory (21,249) — — — (21,249) Transfers 90,571 (9,522) (93) (80,956) — Closure and decommissioning – changes in estimate (Note 15) 6,905 6,905 As at December 31, 2021 $ 1,114,570 $ 328,759 $ 426,495 $ 474,727 $ 2,344,551 Cost as at December 31, 2021 $ 3,140,594 $ 343,705 $ 839,427 $ 1,288,392 $ 5,612,118 Accumulated depreciation and impairments (2,026,024) (14,946) (412,932) (813,665) (3,267,567) Carrying value – December 31, 2021 $ 1,114,570 $ 328,759 $ 426,495 $ 474,727 $ 2,344,551 (1) Includes $nil of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2021. Mining Properties Depletable Non-depletable Reserves Reserves Exploration Plant and Total Carrying value As at January 1, 2020 Net of accumulated depreciation $ 950,752 $ 331,549 $ 450,926 $ 771,674 $ 2,504,901 Additions 142,463 17,159 631 30,971 191,224 Disposals (235) (38) (14,315) (382) (14,970) Depreciation and amortization (1) (125,277) (1,059) — (146,108) (272,444) Depreciation charge captured in inventory (29,618) — — — (29,618) Transfers 22,747 (40,531) (5,592) 23,376 — Closure and decommissioning – changes in estimate (Note 15) 35,913 — — — 35,913 As at December 31, 2020 $ 996,745 $ 307,080 $ 431,650 $ 679,531 $ 2,415,006 Cost as at December 31, 2020 $ 2,753,136 $ 321,639 $ 844,487 $ 1,461,678 $ 5,380,940 Accumulated depreciation and impairments (1,756,391) (14,559) (412,837) (782,147) (2,965,934) Carrying value – December 31, 2020 $ 996,745 $ 307,080 $ 431,650 $ 679,531 $ 2,415,006 (1) Includes $18.0 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2020. December 31, 2021 December 31, 2020 Cost Accumulated Carrying Cost Accumulated Carrying Producing properties: Huaron, Peru $ 224,700 $ (141,902) $ 82,798 $ 218,270 $ (135,932) $ 82,338 Morococha, Peru 277,105 (188,821) 88,284 267,705 (175,844) 91,861 Shahuindo, Peru 590,096 (132,727) 457,369 546,643 (86,855) 459,788 La Arena, Peru 208,306 (105,006) 103,300 170,401 (66,313) 104,088 La Colorada, Mexico 355,471 (185,684) 169,787 308,378 (164,443) 143,935 Dolores, Mexico (1) 1,738,040 (1,350,908) 387,132 1,709,105 (1,228,492) 480,613 Manantial Espejo, Argentina (2) 518,931 (500,244) 18,687 513,626 (485,036) 28,590 San Vicente, Bolivia 151,045 (110,829) 40,216 144,790 (101,408) 43,382 Timmins, Canada 335,488 (103,903) 231,585 307,243 (75,902) 231,341 Other 29,804 (19,664) 10,140 28,653 (18,313) 10,340 $ 4,428,986 $ (2,839,688) $ 1,589,298 $ 4,214,814 $ (2,538,538) $ 1,676,276 Non-Producing Properties: Land $ 6,373 $ (871) $ 5,502 $ 6,758 $ (1,254) $ 5,504 Navidad, Argentina (3) 566,577 (376,101) 190,476 566,577 (376,101) 190,476 Escobal, Guatemala 257,390 (1,842) 255,548 259,198 (1,072) 258,126 Timmins, Canada 63,018 — 63,018 71,099 — 71,099 Shahuindo, Peru 3,549 — 3,549 6,079 — 6,079 La Arena, Peru 117,005 — 117,005 117,000 — 117,000 Minefinders, Mexico 78,443 (36,975) 41,468 80,239 (36,975) 43,264 La Colorada, Mexico 55,370 — 55,370 21,589 — 21,589 Morococha, Peru 2,981 — 2,981 5,054 — 5,054 Other 32,426 (12,090) 20,336 32,533 (11,994) 20,539 $ 1,183,132 $ (427,879) $ 755,253 $ 1,166,126 $ (427,396) $ 738,730 Total $ 5,612,118 $ (3,267,567) $ 2,344,551 $ 5,380,940 $ (2,965,934) $ 2,415,006 (1) Includes previously recorded impairment charges of $748.9 million at December 31, 2021 (2020 - $748.9 million). (2) Includes previously recorded impairment charges of $173.3 million at December 31, 2021 (2020 - $173.3 million). (3) Includes previously recorded impairment charges of $376.1 million at December 31, 2021 (2020 - $376.1 million).

Investment in Associates (Table

Investment in Associates (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of associates [abstract]
Disclosure of interest in associates	The following table shows a continuity of the Company's investments in associates: 2021 2020 Maverix investment, December 31, 2020 $ 71,560 $ 84,319 Acquisition (disposition) of shares in associate 2,616 (23,467) Adjustment for change in ownership interest (22) 1,489 Dividends (1,220) (1,310) Dilution (losses) gains (34) 9,160 Income from associate 4,510 1,369 Maverix investment, December 31, 2021 $ 77,410 $ 71,560 Other investment, December 31, 2021 1,247 — Total investment in associates, December 31, 2021 $ 78,657 $ 71,560

Goodwill and Other Assets (Tabl

Goodwill and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Miscellaneous non-current assets [abstract]
Schedule of goodwill and other assets	Other assets consist of: December 31, December 31, Goodwill $ 2,775 $ 2,775 Other assets 1,124 1,396 $ 3,899 $ 4,171

Accounts Payable (Tables)

Accounts Payable (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other current payables [abstract]
Schedule of accounts payable and accrued liabilities	14. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities consist of: December 31, December 31, Trade accounts payable (1) $ 77,461 $ 80,280 Royalty payables 24,113 18,166 Other accounts payable and accrued liabilities 107,207 94,600 Payroll and severance liabilities 64,968 56,715 Value added tax liabilities 12,006 11,208 Other tax payables 20,332 20,969 $ 306,087 $ 281,938 (1) No interest is charged on the trade accounts payable ranging from 30 to 60 days from the invoice date. The Company has policies in place to ensure that all payables are paid within the credit terms.

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2021
Provisions [abstract]
Disclosure of provisions	Closure and Litigation Total December 31, 2019 $ 188,455 $ 6,929 $ 195,384 Revisions in estimates and obligations incurred 40,857 — 40,857 Charged (credited) to earnings: -new provisions — 2,402 2,402 -change in estimate — (1,754) (1,754) -exchange gains on provisions — (569) (569) -utilized in the year — (165) (165) Reclamation expenditures (2,462) — (2,462) Accretion expense (Note 22) 8,260 — 8,260 December 31, 2020 $ 235,110 $ 6,843 $ 241,953 Revisions in estimates and obligations incurred 6,278 — 6,278 Charged (credited) to earnings: -new provisions — 6,376 6,376 -change in estimate — (1,801) (1,801) -exchange gains on provisions — (389) (389) -utilized in the period — (5,738) (5,738) Reclamation expenditures (5,997) — (5,997) Accretion expense (Note 22) 7,470 — 7,470 December 31, 2021 $ 242,861 $ 5,291 $ 248,152 Maturity analysis of total provisions: December 31, December 31, Current $ 8,041 $ 12,066 Non-Current 240,111 229,887 $ 248,152 $ 241,953

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Leases [Abstract]
Summary of changes in ROU Assets	The following table summarizes changes in ROU assets for the year ended December 31, 2021, which have been recorded in mineral properties, plant and equipment on the consolidated statements of financial position: December 31, December 31, Opening net book value $ 33,543 $ 43,361 Additions 9,924 5,534 Depreciation (12,444) (14,244) Other (1,527) (1,108) Closing net book value $ 29,496 $ 33,543
Reconciliation of undiscounted cash flows	The following table presents a reconciliation of the Company's undiscounted cash flows at December 31, 2021 and December 31, 2020 to their present value for the Company's lease obligations: December 31, December 31, Within one year $ 11,690 $ 13,505 Between one and five years 16,676 17,902 Beyond five years 16,934 19,255 Total undiscounted lease obligations 45,300 50,662 Less future interest charges (14,739) (17,097) Total discounted lease obligations $ 30,561 $ 33,565 Less: current portion of lease obligations (10,663) (12,829) Non-current portion of lease obligations $ 19,898 $ 20,736

Other Long Term Liabilities (Ta

Other Long Term Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Schedule of other long term liabilities	Other long term liabilities consist of: December 31, December 31, Deferred credit (1) $ 20,788 $ 20,788 Other tax payables 16 54 Severance liabilities 4,887 6,231 $ 25,691 $ 27,073 (1) Represents the obligation to deliver future silver production of Navidad pursuant to a silver stream contract.

Share-Based Compensation And _2

Share-Based Compensation And Other Related Information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of number and weighted average exercise prices of share options	The following table summarizes changes in stock options for the years ended December 31: Stock Options Weighted As at December 31, 2019 1,143,348 $ 33.84 Granted 7,605 $ 39.48 Exercised (329,711) $ 19.23 Expired (482,438) $ 53.41 Forfeited (21,387) $ 43.08 As at December 31, 2020 317,417 $ 18.78 Granted 53,115 30.70 Exercised (65,780) $ 11.77 Expired (2,162) 41.62 Forfeited (23,587) $ 32.27 As at December 31, 2021 279,003 $ 21.38
Disclosure of range of exercise prices of outstanding share options	The following table summarizes information about the Company's stock options outstanding at December 31, 2021: Options Outstanding Options Exercisable Range of Exercise Prices CAD$ Number Outstanding as at December 31, 2021 Weighted Average Weighted Number Outstanding as at December 31, 2021 Weighted $9.76 - $17.11 48,458 0.9 $ 11.59 48,458 $ 11.59 $17.12 - $24.46 143,896 3.4 $ 18.90 143,896 $ 18.90 $24.47 - $31.81 74,720 6.4 $ 29.50 21,605 $ 26.54 $31.82 - $41.62 11,929 3.9 $ 40.26 8,128 $ 40.62 279,003 3.8 $ 21.38 222,087 $ 18.84
Disclosure of assumptions used in determining fair value of options granted	The following assumptions were used in the Black-Scholes option pricing model in determining the fair value of options granted during the years ended December 31: 2021 2020 Expected life 4.0 4.0 Expected volatility 44.0 % 37.9 % Expected dividend yield 2.4 % 1.1 % Risk-free interest rate 1.9 % 0.8 % Weighted average exercise price (CAD$) $ 30.70 $ 39.45 Weighted average fair value (CAD$) $ 9.39 $ 15.80
Disclosure of dividends	The Company declared the following dividends for the years ended December 31, 2021 and 2020: Declaration date Record date Dividend per common share February 23, 2022 (1) March 7, 2022 $ 0.12 November 9, 2021 November 22, 2021 $ 0.10 August 10, 2021 August 23, 2021 $ 0.10 May 12, 2021 May 25, 2021 $ 0.07 February 17, 2021 March 1, 2021 $ 0.07 November 4, 2020 November 16, 2020 $ 0.07 August 5, 2020 August 17, 2020 $ 0.05 May 6, 2020 May 19, 2020 $ 0.05 February 19, 2020 March 2, 2020 $ 0.05 (1) These dividends were declared subsequent to the year end and have not been recognized as distributions to owners during the period presented.
Performance Share Units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of number and aggregate fair value of other equity instruments	At December 31, 2021, the following PSUs were outstanding: PSU Number Outstanding Fair Value As at December 31, 2019 247,601 $ 5,896 Granted 62,920 1,942 Paid out (54,962) (2,626) Change in value — 3,658 As at December 31, 2020 255,559 $ 8,870 Granted 79,417 2,049 Paid out (117,328) (4,539) Forfeited — — Change in value — (901) As at December 31, 2021 217,648 $ 5,479
Restricted Share Units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of number and aggregate fair value of other equity instruments	At December 31, 2021, the following RSUs were outstanding: RSU Number Outstanding Fair Value As at December 31, 2019 299,216 $ 7,107 Granted 261,224 6,302 Paid out (148,049) (4,762) Forfeited (15,819) (545) Change in value — 5,628 As at December 31, 2020 396,572 $ 13,730 Granted 240,366 5,818 Paid out (197,320) (4,829) Forfeited (13,218) (329) Change in value — (3,699) As at December 31, 2021 426,400 $ 10,691

Production Costs (Tables)

Production Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Analysis of income and expense [abstract]
Schedule of production costs	Production costs are comprised of the following: 2021 2020 Materials and consumables $ 381,446 $ 284,215 Salaries and employee benefits (1) 317,081 262,753 Contractors 226,095 125,242 Utilities 48,675 39,242 Other (recovery) expense 34,165 18,198 Changes in inventories (2) (81,983) (32,978) $ 925,479 $ 696,672 (1) Employee compensation and benefits expense is comprised of: 2021 2020 Wages, salaries and bonuses $ 352,736 $ 317,668 Share-based compensation 5,128 3,024 Total employee compensation and benefit expenses 357,864 320,692 Less: Expensed within Care and Maintenance expenses (4,310) (37,695) Less: Expensed within General and Administrative expenses (31,230) (17,180) Less: Expensed within Exploration expenses (5,243) (3,064) Employee compensation and benefits expenses included in production costs $ 317,081 $ 262,753 (2) Includes NRV adjustments to inventory to increase production costs by $8.7 million for the year ended December 31, 2021 (2020 - reduce by $16.2 million).

Mine Care and Maintenance (Tabl

Mine Care and Maintenance (Tables)	12 Months Ended
	Dec. 31, 2021
Analysis of income and expense [abstract]
Schedule of Mine Care and Maintenance	2021 2020 COVID-19 mine care and maintenance expenses (1) $ — $ 58,323 COVID-19 mine care and maintenance depreciation — 17,975 Total COVID 19 mine care and maintenance — 76,298 Mine care and maintenance expenses 31,780 25,807 $ 31,780 $ 102,105

Interest and Finance Expense (T

Interest and Finance Expense (Tables)	12 Months Ended
	Dec. 31, 2021
Borrowing costs [abstract]
Components of interest and finance expense	2021 2020 Interest expense $ 3,660 $ 9,216 Finance fees 5,068 2,628 Accretion expense (Note 15) 7,470 8,260 $ 16,198 $ 20,104

Earnings Per Share (Basic and_2

Earnings Per Share (Basic and Diluted) (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings per share [abstract]
Earnings per share	For the year ended December 31 2021 2020 Earnings (1) (Numerator) Shares (000’s) (Denominator) Per-Share Amount Earnings (Numerator) Shares (000’s) (Denominator) Per-Share Amount Net earnings $ 97,428 $ 177,882 Basic earnings per share $ 97,428 210,298 $ 0.46 $ 177,882 210,085 $ 0.85 Effect of dilutive securities: Stock options — 137 — 210 Diluted earnings per share $ 97,428 210,435 $ 0.46 $ 177,882 210,295 $ 0.85 (1) Net earnings attributable to equity holders of the Company.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of cash flow statement [Abstract]
Changes in other operating activities	Other operating activities 2021 2020 Adjustments for non-cash income statement items: Net realizable value adjustment for inventories $ 8,719 $ (16,175) Gains on derivatives (Note 8c) (5,393) (3,543) Share-based compensation expense 5,128 3,024 Income from equity investees (Note 12) (4,347) (10,529) Gains on sale of mineral properties, plant and equipment (Note 11) (32,167) (7,922) Gains on warrants — (38) $ (28,060) $ (35,183)
Changes in non-cash working capital	Changes in non-cash operating working capital items: 2021 2020 Trade and other receivables $ (2,874) $ 54,838 Inventories (82,885) (14,623) Prepaid expenses 1,049 2,353 Accounts payable and accrued liabilities 18,086 56,816 Provisions (4,445) (2,402) $ (71,069) $ 96,982
Cash and cash equivalents	Cash and Cash Equivalents December 31, December 31, Cash in banks $ 283,550 $ 167,113

Segmented Information (Tables)

Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of entity's operating segments [Abstract]
Disclosure of operating segments	For the year ended December 31, 2021 Segment/Country Mine Revenue Production costs and royalties Depreciation Mine operating earnings Capital expenditures (1) Silver Segment: Mexico La Colorada $ 130,112 $ 75,192 $ 20,505 $ 34,415 $ 65,532 Peru Huaron 154,634 90,126 11,564 52,944 10,897 Morococha 108,699 75,182 13,738 19,779 8,329 Bolivia San Vicente 80,446 54,569 9,276 16,601 5,340 Argentina Manantial Espejo 127,445 106,874 16,031 4,540 7,575 Guatemala Escobal — — — — 778 Total Silver Segment 601,336 401,943 71,114 128,279 98,451 Gold Segment: Mexico Dolores (2) 342,556 186,285 106,397 49,874 40,566 Peru Shahuindo 255,771 115,009 42,600 98,162 27,678 La Arena 194,582 84,243 41,362 68,977 45,479 Canada Timmins 238,505 174,374 39,768 24,363 42,298 Total Gold Segment 1,031,414 559,911 230,127 241,376 156,021 Other segment: Canada Pas Corp — — 407 (407) 332 Argentina Navidad — — — — 90 Other Other — — 1,310 (1,310) 980 Total $ 1,632,750 $ 961,854 $ 302,958 $ 367,938 $ 255,874 (1) Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2) The mine was reclassified to the Gold Segment in 2021 as a result of expected mine sequencing into a higher gold zone. For the year ended December 31, 2020 Segment/Country Mine Revenue Production costs and royalties Depreciation Mine operating earnings Capital expenditures (1) Silver Segment: Mexico La Colorada $ 128,824 $ 69,663 $ 19,608 $ 39,553 $ 29,388 Peru Huaron 72,073 39,612 7,069 25,392 4,500 Morococha 47,046 35,768 7,203 4,075 10,168 Bolivia San Vicente 48,396 35,753 6,725 5,918 4,877 Argentina Manantial Espejo 84,051 68,381 9,787 5,883 10,789 Guatemala Escobal — — 4,807 Total Silver Segment 380,390 249,177 50,392 80,821 64,529 Gold Segment: Mexico Dolores (2) 250,219 146,961 87,694 15,564 44,861 Peru Shahuindo 270,043 97,940 40,562 131,541 23,335 La Arena 176,028 72,676 27,683 75,669 37,324 Canada Timmins 262,132 157,412 46,605 58,115 20,751 Total Gold Segment 958,422 474,989 202,544 280,889 126,271 Other segment: Canada Pas Corp — 491 (491) 297 Argentina Navidad — — — — Other Other — — 1,042 (1,042) 560 Total $ 1,338,812 $ 724,166 $ 254,469 $ 360,177 $ 191,657 (1) Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2) The mine has been represented in the Gold Segment to align with current year presentation. A reconciliation of segment mine operating earnings to the Company’s earnings before income taxes per the Consolidated Income Statements is as follows: 2021 2020 Mine operating earnings $ 367,938 $ 360,177 General and administrative (34,852) (36,375) Exploration and project development (11,071) (7,096) Mine care and maintenance (31,780) (102,105) Foreign exchange losses (11,267) (5,474) Gains on commodity and foreign currency contracts 5,393 3,543 Gains on sale of mineral properties, plant and equipment 32,167 7,922 Share of income from associate and dilution gain 4,347 10,529 Other income (expense) 36 (21,144) Earnings from operations 320,911 209,977 Investment (loss) income (59,722) 62,139 Interest and finance expense (16,198) (20,104) Earnings before income taxes $ 244,991 $ 252,012 At December 31, 2021 Segment/Country Mine Assets Liabilities Net assets Silver Segment: Mexico La Colorada $ 299,038 $ 52,934 $ 246,104 Peru Huaron 117,514 59,975 57,539 Morococha 124,607 40,494 84,113 Bolivia San Vicente 88,924 53,264 35,660 Argentina Manantial Espejo 71,012 29,017 41,995 Guatemala Escobal 287,811 19,833 267,978 Total Silver Segment 988,906 255,517 733,389 Gold Segment: Mexico Dolores (1) 750,220 193,638 556,582 Peru Shahuindo 591,164 199,450 391,714 La Arena 317,371 106,799 210,572 Canada Timmins 419,106 62,196 356,910 Total Gold Segment 2,077,861 562,083 1,515,778 Other segment: Canada Pas Corp 176,006 16,492 159,514 Argentina Navidad 193,077 — 193,077 Other 82,734 48,484 34,250 Total $ 3,518,584 $ 882,576 $ 2,636,008 (1) The mine was reclassified to the Gold Segment in 2021 as a result of expected mine sequencing into a higher gold zone. At December 31, 2020 Segment/Country Mine Assets Liabilities Net assets Silver Segment: Mexico La Colorada $ 231,217 $ 48,971 $ 182,246 Peru Huaron 113,177 40,663 72,514 Morococha 121,004 34,906 86,098 Bolivia San Vicente 83,668 40,536 43,132 Argentina Manantial Espejo 75,113 26,950 48,163 Guatemala Escobal 288,588 24,427 264,161 Total Silver Segment 912,767 216,453 696,314 Gold Segment: Mexico Dolores (1) 752,873 169,444 583,429 Peru Shahuindo 566,734 201,427 365,307 La Arena 299,372 112,475 186,897 Canada Timmins 414,396 60,482 353,914 Total Gold Segment 2,033,375 543,828 1,489,547 Other segment: Canada Pas Corp 230,872 18,795 212,077 Argentina Navidad 192,999 — 192,999 Other 63,862 48,960 14,902 $ 3,433,875 $ 828,036 $ 2,605,839 (1) The mine has been represented in the Gold Segment to align with current year presentation. Product Revenue 2021 2020 Refined silver and gold $ 1,177,388 $ 1,047,601 Zinc concentrate 119,059 65,033 Lead concentrate 145,524 132,823 Copper concentrate 133,025 50,081 Silver concentrate 57,754 43,274 Total $ 1,632,750 $ 1,338,812

Other Expenses (Tables)

Other Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Analysis of income and expense [abstract]
Schedule of other expenses	2021 2020 Change in closure and decommissioning estimates (1) $ 246 $ 5,230 Change in provisions 1,323 7,493 Commissions on investment dispositions — 3,465 Other expense (1,605) 4,956 Total $ (36) $ 21,144

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of income tax [Abstract]
Components of income tax expense	Components of Income Tax Expense 2021 2020 Current tax expense (recovery) Recognized in profit or loss in current year $ 134,947 $ 99,013 Adjustments recognized in the current year with respect to prior years 147 (658) 135,094 98,355 Deferred tax expense (recovery) Deferred tax recovery recognized in the current year 14,194 14,667 Adjustments recognized in the current year with respect to prior years 56 433 Benefit from previously unrecognized losses, and other temporary differences 508 (42,379) Decrease in deferred tax liabilities due to tax impact of NRV charge to inventory (3,423) 4,481 11,335 (22,798) Income tax expense $ 146,429 $ 75,557
Reconciliation of effective income tax rate	Reconciliation of Effective Income Tax Rate 2021 2020 Earnings before taxes and non-controlling interest $ 244,991 $ 252,012 Statutory Canadian income tax rate 27.00 % 27.00 % Income tax expense based on above rates $ 66,148 $ 68,043 Increase (decrease) due to: Non-deductible expenditures 6,192 9,915 Foreign tax rate differences 15,969 16,179 Change in net deferred tax assets not recognized 20,574 (64,765) Non-taxable portion of net earnings of affiliates (1,304) — Effect of other taxes paid (mining and withholding) 25,846 22,545 Effect of foreign exchange on tax expense 14,337 18,598 Non-taxable impact of foreign exchange (1,203) (3,000) Change in non-deductible portion of reclamation liabilities 2,380 8,605 Other (2,510) (563) Income tax expense $ 146,429 $ 75,557
Analysis of deferred tax assets and liabilities	The following is the analysis of the deferred tax assets (liabilities) presented in the consolidated financial statements: 2021 2020 Net deferred tax liabilities, beginning of year $ (117,461) $ (140,361) Recognized in net earnings in the year (11,335) 22,798 Other (36) 102 Net deferred liabilities, end of year (128,832) (117,461) Deferred tax assets 55,953 57,850 Deferred tax liabilities (184,785) (175,311) Net deferred tax liabilities $ (128,832) $ (117,461)
Components of deferred tax assets and liabilities	The deferred tax assets (liabilities) are comprised of the various temporary differences, as detailed below: 2021 2020 Deferred tax assets (liabilities) arising from: Closure and decommissioning costs $ 27,742 $ 26,482 Tax losses, resource pools and mining tax credits 92,928 140,608 Deductible Mexican mining taxes 4,682 3,286 Accounts payable and accrued liabilities 22,119 17,737 Trade and other receivables 29,163 13,290 Provision for doubtful debts and inventory adjustments (28,153) (21,354) Short-term investments (7,941) (15,649) Mineral properties, plant, and equipment (245,126) (274,483) Estimated sales provisions (30,466) (14,028) Other temporary differences and provisions 6,220 6,650 Net deferred tax liabilities $ (128,832) $ (117,461) At December 31, 2021, the net deferred tax liability above included the deferred tax asset of $92.9 million, which includes the benefits from tax losses ($26.4 million) and resource pools ($66.5 million). The decrease of $47.7 million in this deferred tax asset is mainly due to the unrealized losses on short-term investments. These unrealized mark-to-market losses in 2021 reduced the offsetting operating losses recognized, whereas in 2020, additional operating losses were recognized to offset the unrealized mark-to-market gains. The losses will begin to expire after the 2024 year end, if unused. At December 31, 2020, the net deferred tax liability above included the deferred tax asset of $140.6 million, which includes the benefits from tax losses ($43.8 million) and resource pools ($96.8 million). The increase in this deferred tax asset is mainly due to the Timmins and Bell Creek mines - the assets added were related to previously unbenefitted deductible resource pools, partially offset by losses utilized against taxable income earned. The losses will begin to expire after the 2024 year end, if unused.
Deductible temporary differences, unused tax losses and unused tax credits for which no deferred tax assets have been recognised	Deductible temporary differences, unused tax losses and unused tax credits for which no deferred tax assets have been recognized are attributable to the following: 2021 2020 Operating tax loss $ 366,351 $ 284,626 Net capital tax loss 35,801 32,378 Resource pools and other tax credits (1) 49,230 48,773 Financing fees 1,050 2,003 Mineral properties, plant, and equipment (2) 127,945 107,124 Closure and decommissioning costs 143,080 136,728 Exploration and other expenses not currently deductible (2) 33,837 68,266 Intercompany debt 17,956 12,160 Doubtful debt and inventory 24,624 41,378 Payroll and vacation accruals 6,168 1,491 Other temporary differences 6,154 3,562 $ 812,196 $ 738,489
Schedule of operating loss carryforwards	Included in the above amounts are operating tax losses, which if not utilized will expire as follows: At December 31, 2021 Canada US Peru Mexico Barbados Argentina Total 2022 $ — $ 529 $ 156 $ — $ 15 $ 3 $ 703 2023 — 360 — 207 60 5 632 2024 – and after 330,799 11,399 593 2,092 168 19,965 365,016 Total tax losses $ 330,799 $ 12,288 $ 749 $ 2,299 $ 243 $ 19,973 366,351 At December 31, 2020 Canada US Peru Mexico Barbados Argentina Total 2021 $ — $ 317 $ 26 $ — $ 8 $ 1 $ 352 2022 — 529 — — 12 3 544 2023 – and after 269,001 11,746 314 2,406 183 80 283,730 Total tax losses $ 269,001 $ 12,592 $ 340 $ 2,406 $ 203 $ 84 $ 284,626

Related Party Transactions Disc

Related Party Transactions Disclosure of related party (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of related party [Abstract]
Disclosure of information about key management personnel	The remuneration of directors and other members of key management personnel during the year was as follows: 2021 2020 (4) Salaries and short-term benefits (1) $ 18,592 $ 14,809 Post-employment benefits (2) 1,130 930 Share-based payments (3) 640 2,143 $ 20,362 $ 17,882 (1) Includes annual salary and short-term incentives or bonuses earned in the year. (2) Includes annual contributions to retirement savings plans made by the Company. (3) Includes annual RSUs, PSUs, stock option and common share grants. (4) Recast to provide consistency with current presentation.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2021
Bottom of range [member]
Disclosure of subsidiaries [line items]
Long-term average commodity price period	3 years
Bottom of range [member] | Mobile equipment [member]
Disclosure of subsidiaries [line items]
Useful lives of plant and equipment	3 years
Bottom of range [member] | Buildings and plant facilities [member]
Disclosure of subsidiaries [line items]
Useful lives of plant and equipment	25 years
Top of range [member]
Disclosure of subsidiaries [line items]
Leach column test duration	400 days
Projected metal recovery period	3 years
Long-term average commodity price period	5 years
Top of range [member] | Mobile equipment [member]
Disclosure of subsidiaries [line items]
Useful lives of plant and equipment	7 years
Top of range [member] | Buildings and plant facilities [member]
Disclosure of subsidiaries [line items]
Useful lives of plant and equipment	50 years
Weighted average [member]
Disclosure of subsidiaries [line items]
Leach column test duration	150 days
Bell Creek and Timmins West mines [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
La Colorada mine [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
Dolores mine [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
Huaron mine [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
Morococha mine [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	92.00%
Shahuindo mine [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
La Arena mine [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
San Vicente mine [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	95.00%
Escobal mine [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
Manantial Espejo mine & COSE project [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
Joaquin project [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%
Navidad project [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100.00%

Significant Judgements in App_2

Significant Judgements in Applying Accounting Policies Disclosure of significant accounting policies (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Deferred credit	$ 20,788	$ 20,788
Deferred Stripping Costs [member] | Dolores mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Deferred stripping costs	23,500	40,700
Deferred Stripping Costs [member] | La Arena mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Deferred stripping costs	$ 41,000	$ 32,900

Management of Capital (Details)

Management of Capital (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity	$ 2,636,008	$ 2,605,839	$ 2,467,846
Equity attributable to owners of parent [member]
Equity	$ 2,631,554	$ 2,602,519	$ 2,463,099

Tahoe Acquisition - Additional

Tahoe Acquisition - Additional Information (Details) - CVRs [Member] - Tahoe Resources, Inc [member]	Dec. 31, 2021shares	Dec. 31, 2020shares	Feb. 22, 2019sharesright
Disclosure of detailed information about business combination [line items]
Number of shares issued (shares) | shares	15,600,034	15,600,034	15,600,208
Number of CVRs issued | right			313,887,490

Tahoe Acquisition - Considerati

Tahoe Acquisition - Consideration Transferred (Details) - shares	Dec. 31, 2021	Dec. 31, 2020	Feb. 22, 2019
Tahoe Resources, Inc [member] | Fair value estimate of the CVRs [Member]
Disclosure of detailed information about business combination [line items]
Shares Issued/Issuable (shares)	15,600,034	15,600,034	15,600,208

Financial Instruments - Financi

Financial Instruments - Financial Assets and Liabilities by Category (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	$ 456,190	$ 406,441
Derivatives [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	351	367
Debt [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	15,300
Cash and cash equivalents [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	283,550	167,113
Trade receivables from provisional concentrate sales [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	40,020	35,084
Receivables not arising from sale of metal concentrates [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	76,902	84,486
Short-term investments | Equity securities [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	51,723	111,946
Derivatives [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	3,995	7,812
Amortized cost [member] | Derivatives [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	0	0
FVTPL [member] | Derivatives [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	351	367
Amortized cost [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	360,452	251,599
Amortized cost [member] | Debt [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	15,300
Amortized cost [member] | Cash and cash equivalents [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	283,550	167,113
Amortized cost [member] | Trade receivables from provisional concentrate sales [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
Amortized cost [member] | Receivables not arising from sale of metal concentrates [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	76,902	84,486
Amortized cost [member] | Short-term investments | Equity securities [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
Amortized cost [member] | Derivatives [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
FVTPL [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	95,738	154,842
FVTPL [member] | Debt [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	0
FVTPL [member] | Cash and cash equivalents [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
FVTPL [member] | Trade receivables from provisional concentrate sales [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	40,020	35,084
FVTPL [member] | Receivables not arising from sale of metal concentrates [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
FVTPL [member] | Short-term investments | Equity securities [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	51,723	111,946
FVTPL [member] | Derivatives [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	$ 3,995	$ 7,812

Financial Instruments - Finan_2

Financial Instruments - Financial Assets Recorded at FVTPL (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial assets [line items]
Unrealized (losses) gains on short-term investments, equity securities	$ 3,763	$ (6,137)
Realized gains on short-term investments, equity securities	9,156	(2,594)
Gains (losses) on financial assets at fair value through profit or loss	5,393	3,543
Equity securities [member]
Disclosure of financial assets [line items]
Unrealized (losses) gains on short-term investments, equity securities	60,355	(10,577)
Realized gains on short-term investments, equity securities	633	51,562
Gains (losses) on financial assets at fair value through profit or loss	$ (59,722)	$ 62,139

Financial Instruments - Derivat

Financial Instruments - Derivative Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Gains on derivatives
Realized gains (losses) on derivatives	$ 9,156	$ (2,594)
Unrealized (losses) gains on derivatives	(3,763)	6,137
Gains (losses) on financial assets at fair value through profit or loss	$ 5,393	$ 3,543

Financial Instruments - Fair Va

Financial Instruments - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Financial Assets and Liabilities [Line Items]
Short-term investments	$ 51,723	$ 111,946
Derivative assets	3,995	7,812
Derivative liabilities	(351)	(367)
Financial assets	456,190	406,441
Level 1 [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Financial assets	51,723	111,946
Level 2 [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Derivative assets	3,995	7,812
Derivative liabilities	(351)	(367)
Financial assets	43,664	42,529
Short-term investments | Level 1 [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Short-term investments	51,723	111,946
Short-term investments | Level 2 [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Short-term investments	0	0
Trade receivables from provisional concentrate sales [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	40,020	35,084
Trade receivables from provisional concentrate sales [member] | Level 1 [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
Trade receivables from provisional concentrate sales [member] | Level 2 [member]
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	$ 40,020	$ 35,084

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) S/ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)buyer	Dec. 31, 2021MXN ($)buyer	Dec. 31, 2021PEN (S/)buyer	Dec. 31, 2021CAD ($)buyer	Dec. 31, 2020USD ($)	Dec. 31, 2020MXN ($)	Dec. 31, 2020PEN (S/)	Dec. 31, 2020CAD ($)	Aug. 10, 2021USD ($)	Jun. 30, 2021
Disclosure of detailed information about financial instruments [line items]
Trade and other receivables	$ 128,150				$ 127,756
Value contained in precious metal inventory at refineries	526,106				430,546
Gains (losses) on derivative contracts	$ 5,393				$ 3,543
Interest earned on cash and short-term investments (percent)	0.70%	0.70%	0.70%	0.70%	0.90%	0.90%	0.90%	0.90%
Impact of 10% change in interest earned on earnings before taxes					$ 100
Outstanding debt	$ 11,900				0
Interest rate on borrowings (percent)										3.60%
Minimum finance lease payments payable, at present value	30,561				33,565
Impact of 10% increase in metal prices on revenues	165,100				138,000
Impact of 10% decrease in metal prices on revenues	166,400				138,200
Impact of 10% increase in metal prices on earnings before taxes	7,200				4,600
Impact of 10% decrease in metal prices on earnings before taxes	7,200				4,600
Gain (loss) on derivatives	0				38
Dore [Member]
Disclosure of detailed information about financial instruments [line items]
Value contained in precious metal inventory at refineries	81,448				77,489
Loans [Member]
Disclosure of detailed information about financial instruments [line items]
Loans outstanding	15,300				0
Production Concentration Risk [member]
Disclosure of detailed information about financial instruments [line items]
Value contained in precious metal inventory at refineries	52,300				61,800
Credit risk [member]
Disclosure of detailed information about financial instruments [line items]
Current advances to suppliers	11,228				8,186
Currency risk [member]
Disclosure of detailed information about financial instruments [line items]
Gains (losses) on derivative contracts		$ (200)	S/ (3,700)	$ 900		$ 1,600	S/ (2,200)	$ (600)
Effect of 10% change in exchange rate on income before taxes	$ 23,000				$ 13,800
Interest rate risk [member]
Disclosure of detailed information about financial instruments [line items]
Weighted averate rate on lease liabilities	10.60%				9.30%
Interest rate risk [member] | Credit Facility [member]
Disclosure of detailed information about financial instruments [line items]
Outstanding debt									$ 500,000
Diesel Fuel Swaps Price Risk [member]
Disclosure of detailed information about financial instruments [line items]
Gain on derivatives	$ 9,400				$ 4,700
Copper Price Risk
Disclosure of detailed information about financial instruments [line items]
Gain (loss) on derivatives	(1,100)
Zinc Price Risk
Disclosure of detailed information about financial instruments [line items]
Gain (loss) on derivatives	(100)
Trade receivables from provisional concentrate sales [member] | Customer Concentration Risk [member]
Disclosure of detailed information about financial instruments [line items]
Trade and other receivables	$ 40,000				$ 35,100
Number of well-known concentrate buyers | buyer	5	5	5	5
Weighted average [member] | Credit Facility [member]
Disclosure of detailed information about financial instruments [line items]
Interest rate on borrowings (percent)					2.60%

Financial Instruments - Exposur

Financial Instruments - Exposure to Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of credit risk exposure [line items]
Cash and short-term investments	$ 283,550	$ 167,113	$ 120,564
Short-term investments	51,723	111,946
Credit risk [member]
Disclosure of credit risk exposure [line items]
Cash and short-term investments	283,550	167,113
Trade accounts receivable	40,020	35,084
Current advances to suppliers	11,228	8,186
Employee loans	$ 667	$ 552

Financial Instruments - Contrac

Financial Instruments - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial liabilities [abstract]
Total accounts payable and accrued liabilities	$ 306,087	$ 281,938
Income taxes payable	59,133	54,556
Provisions	8,041	12,066
Current liabilities	387,675	361,756
Long-term provisions	240,111	229,887
Deferred credit	20,788	20,788
Deferred tax liabilities	184,785	175,311
Contingent liability for decommissioning, restoration and rehabilitation costs [member]
Disclosure of financial liabilities [abstract]
Provisions	5,300	8,400
Long-term provisions	237,600	226,700
Liquidity risk [member]
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	275,629	272,266
Severance accrual	31,582	7,842
Employee compensation	3,763	6,737
Total accounts payable and accrued liabilities	310,974	286,845
Income taxes payable	59,133	54,556
Loss on derivatives	351	367
Debt: Repayment of principal	15,300
Debt: Interest & Standby Fees	8,912	4,404
Provisions	5,291	6,843
Future employee compensation	12,410	15,864
Current liabilities	412,371	368,879
Loss on derivatives	351	367
Liquidity risk [member] | Within 1 year [member]
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	275,629	272,266
Severance accrual	26,695	2,935
Employee compensation	3,763	6,737
Total accounts payable and accrued liabilities	306,087	281,938
Income taxes payable	59,133	54,556
Loss on derivatives	351	367
Debt: Repayment of principal	3,400
Debt: Interest & Standby Fees	2,613	2,110
Provisions	2,738	3,648
Future employee compensation	3,352	4,396
Current liabilities	377,674	347,015
Loss on derivatives	351	367
Liquidity risk [member] | 2 - 3 years [member]
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	0	0
Severance accrual	404	3,711
Employee compensation	0	0
Total accounts payable and accrued liabilities	404	3,711
Income taxes payable	0	0
Loss on derivatives	0	0
Debt: Repayment of principal	6,800
Debt: Interest & Standby Fees	4,867	2,294
Provisions	2,553	3,109
Future employee compensation	9,058	11,468
Current liabilities	23,682	20,582
Loss on derivatives	0	0
Liquidity risk [member] | 4-5 years [member]
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	0	0
Severance accrual	33	1,120
Employee compensation	0	0
Total accounts payable and accrued liabilities	33	1,120
Income taxes payable	0	0
Loss on derivatives	0	0
Debt: Repayment of principal	5,100
Debt: Interest & Standby Fees	1,432	0
Provisions	0	85
Future employee compensation	0	0
Current liabilities	6,565	1,205
Loss on derivatives	0	0
Liquidity risk [member] | After 5 years [member]
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	0	0
Severance accrual	4,450	76
Employee compensation	0	0
Total accounts payable and accrued liabilities	4,450	76
Income taxes payable	0	0
Loss on derivatives	0	0
Debt: Repayment of principal	0
Debt: Interest & Standby Fees	0	0
Provisions	0	1
Future employee compensation	0	0
Current liabilities	4,450	77
Loss on derivatives	$ 0	$ 0

Financial Instruments - Expos_2

Financial Instruments - Exposure to Currency Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	$ 283,550	$ 167,113	$ 120,564
Deferred tax assets and   liabilities	(128,832)	(117,461)
Currency risk [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	91,354	141,095
Other current and non-current assets	49,761	78,877
Income taxes receivable (payable), current and non- current	(43,669)	(37,392)
Accounts payable and accrued liabilities and non- current liabilities	(161,744)	(162,536)
Deferred tax assets and   liabilities	(165,918)	(158,527)
Canadian Dollar | Currency risk [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	60,507	117,956
Other current and non-current assets	3,389	4,952
Income taxes receivable (payable), current and non- current	0	0
Accounts payable and accrued liabilities and non- current liabilities	(27,448)	(24,310)
Deferred tax assets and   liabilities	0	0
Mexican Peso | Currency risk [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	1,159	1,020
Other current and non-current assets	7,681	29,895
Income taxes receivable (payable), current and non- current	(14,930)	3,550
Accounts payable and accrued liabilities and non- current liabilities	(25,985)	(45,050)
Deferred tax assets and   liabilities	(64,584)	(73,017)
Argentine Peso | Currency risk [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	12,488	7,175
Other current and non-current assets	20,358	16,878
Income taxes receivable (payable), current and non- current	1,502	1,513
Accounts payable and accrued liabilities and non- current liabilities	(19,525)	(14,543)
Deferred tax assets and   liabilities	(13)	0
Bolivian Boliviano | Currency risk [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	8,397	571
Other current and non-current assets	499	218
Income taxes receivable (payable), current and non- current	(7,943)	(3,159)
Accounts payable and accrued liabilities and non- current liabilities	(23,914)	(19,402)
Deferred tax assets and   liabilities	(6,954)	(7,700)
European Euro | Currency risk [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	49	3
Other current and non-current assets	0	0
Income taxes receivable (payable), current and non- current	0	0
Accounts payable and accrued liabilities and non- current liabilities	0	0
Deferred tax assets and   liabilities	0	0
Peruvian Sol | Currency risk [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	8,585	13,917
Other current and non-current assets	17,295	26,257
Income taxes receivable (payable), current and non- current	(22,207)	(39,296)
Accounts payable and accrued liabilities and non- current liabilities	(54,953)	(54,672)
Deferred tax assets and   liabilities	(94,367)	(77,810)
Guatemala quetzal | Currency risk [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and short-term investments	169	453
Other current and non-current assets	539	677
Income taxes receivable (payable), current and non- current	(91)	0
Accounts payable and accrued liabilities and non- current liabilities	(9,919)	(4,559)
Deferred tax assets and   liabilities	$ 0	$ 0

Short Term Investments (Details

Short Term Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Short-term investments (Note 9)	$ 51,723	$ 111,946
Short-term investments, cost	20,419	20,419
Short-term investments, accumulated unrealized holding gains	$ 31,304	$ 91,527

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of inventories [Line Items]
Total inventories	$ 526,106	$ 430,546
Less: current inventories	(500,462)	(406,191)
Non-current portion of inventories	25,644	24,355
Costs of inventories recognized as expense	1,264,812	978,635
Production costs	925,479	696,672
Depreciation and amortisation expense	302,958	254,469
NRV adjustments to inventory	8,700	(16,200)
Inventories, at net realisable value	203,700	215,500
Escobal mine [member]
Disclosure of inventories [Line Items]
Supplies	(18,300)	(17,100)
Concentrate [member]
Disclosure of inventories [Line Items]
Total inventories	30,647	19,104
Stockpile ore [member]
Disclosure of inventories [Line Items]
Total inventories	43,216	30,063
Non-current portion of inventories	4,500	2,700
Heap leach and in process [member]
Disclosure of inventories [Line Items]
Total inventories	286,266	219,334
Non-current portion of inventories	185,100	147,000
Dore and finished [member]
Disclosure of inventories [Line Items]
Total inventories	81,448	77,489
Materials and supplies [member]
Disclosure of inventories [Line Items]
Total inventories	$ 84,529	$ 84,556

Mineral Properties, Plant and_3

Mineral Properties, Plant and Equipment - Rollforward of Carrying Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	$ 2,415,006	$ 2,504,901
Additions	266,474	191,224
Disposals	(19,627)	(14,970)
Depreciation, property, plant and equipment	(302,958)	(272,444)
Depreciation charge captured in inventory	(21,249)	(29,618)
Transfers	0	0
Closure and decommissioning – changes in estimate (Note 15)	6,905	35,913
Carrying value, ending	2,344,551	2,415,006
Cost	5,612,118	5,380,940
Depreciation and amortization included in mine care and maintenance		(18,000)
Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(2,965,934)
Carrying value, ending	(3,267,567)	(2,965,934)
Other property, plant and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	679,531	771,674
Additions	16,766	30,971
Disposals	(4,542)	(382)
Depreciation, property, plant and equipment	(136,072)	(146,108)
Depreciation charge captured in inventory	0	0
Transfers	(80,956)	23,376
Closure and decommissioning – changes in estimate (Note 15)		0
Carrying value, ending	474,727	679,531
Cost	1,288,392	1,461,678
Other property, plant and equipment [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(782,147)
Carrying value, ending	(813,665)	(782,147)
Depletable, Reserves and Resources [member] | Mining property [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	996,745	950,752
Additions	210,484	142,463
Disposals	(2,770)	(235)
Depreciation, property, plant and equipment	(166,116)	(125,277)
Depreciation charge captured in inventory	(21,249)	(29,618)
Transfers	90,571	22,747
Closure and decommissioning – changes in estimate (Note 15)	6,905	35,913
Carrying value, ending	1,114,570	996,745
Cost	3,140,594	2,753,136
Depletable, Reserves and Resources [member] | Mining property [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(1,756,391)
Carrying value, ending	(2,026,024)	(1,756,391)
Non-depletable, Reserves and Resources [member] | Mining property [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	307,080	331,549
Additions	31,971	17,159
Disposals	0	(38)
Depreciation, property, plant and equipment	(770)	(1,059)
Depreciation charge captured in inventory	0	0
Transfers	(9,522)	(40,531)
Closure and decommissioning – changes in estimate (Note 15)		0
Carrying value, ending	328,759	307,080
Cost	343,705	321,639
Non-depletable, Reserves and Resources [member] | Mining property [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(14,559)
Carrying value, ending	(14,946)	(14,559)
Non-depletable, Exploration and Evaluation [member] | Mining property [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	431,650	450,926
Additions	7,253	631
Disposals	(12,315)	(14,315)
Depreciation, property, plant and equipment	0	0
Depreciation charge captured in inventory	0	0
Transfers	(93)	(5,592)
Closure and decommissioning – changes in estimate (Note 15)		0
Carrying value, ending	426,495	431,650
Cost	839,427	844,487
Non-depletable, Exploration and Evaluation [member] | Mining property [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(412,837)
Carrying value, ending	$ (412,932)	$ (412,837)

Mineral Properties, Plant and_4

Mineral Properties, Plant and Equipment - Carrying Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	$ 2,344,551	$ 2,415,006	$ 2,504,901
Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	5,612,118	5,380,940
Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(3,267,567)	(2,965,934)
Mining assets [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	1,589,298	1,676,276
Mining assets [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	4,428,986	4,214,814
Mining assets [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(2,839,688)	(2,538,538)
Mining assets [member] | Huaron mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	82,798	82,338
Mining assets [member] | Huaron mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	224,700	218,270
Mining assets [member] | Huaron mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(141,902)	(135,932)
Mining assets [member] | Morococha mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	88,284	91,861
Mining assets [member] | Morococha mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	277,105	267,705
Mining assets [member] | Morococha mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(188,821)	(175,844)
Mining assets [member] | Shahuindo mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	457,369	459,788
Mining assets [member] | Shahuindo mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	590,096	546,643
Mining assets [member] | Shahuindo mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(132,727)	(86,855)
Mining assets [member] | La Arena mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	103,300	104,088
Mining assets [member] | La Arena mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	208,306	170,401
Mining assets [member] | La Arena mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(105,006)	(66,313)
Mining assets [member] | La Colorada mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	169,787	143,935
Mining assets [member] | La Colorada mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	355,471	308,378
Mining assets [member] | La Colorada mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(185,684)	(164,443)
Mining assets [member] | Dolores mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	387,132	480,613
Impairment charge	748,900	748,900
Mining assets [member] | Dolores mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	1,738,040	1,709,105
Mining assets [member] | Dolores mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(1,350,908)	(1,228,492)
Mining assets [member] | Manantial Espejo mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	18,687	28,590
Impairment charge	173,300	173,300
Mining assets [member] | Manantial Espejo mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	518,931	513,626
Mining assets [member] | Manantial Espejo mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(500,244)	(485,036)
Mining assets [member] | San Vicente mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	40,216	43,382
Mining assets [member] | San Vicente mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	151,045	144,790
Mining assets [member] | San Vicente mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(110,829)	(101,408)
Mining assets [member] | Lakeshore mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	231,585	231,341
Mining assets [member] | Lakeshore mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	335,488	307,243
Mining assets [member] | Lakeshore mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(103,903)	(75,902)
Mining assets [member] | Other [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	10,140	10,340
Mining assets [member] | Other [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	29,804	28,653
Mining assets [member] | Other [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(19,664)	(18,313)
Land [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	5,502	5,504
Land [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	6,373	6,758
Land [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(871)	(1,254)
Exploration and evaluation assets [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	755,253	738,730
Exploration and evaluation assets [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	1,183,132	1,166,126
Exploration and evaluation assets [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(427,879)	(427,396)
Exploration and evaluation assets [member] | Morococha mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	2,981	5,054
Exploration and evaluation assets [member] | Morococha mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	2,981	5,054
Exploration and evaluation assets [member] | Morococha mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Exploration and evaluation assets [member] | Shahuindo mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	3,549	6,079
Exploration and evaluation assets [member] | Shahuindo mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	3,549	6,079
Exploration and evaluation assets [member] | Shahuindo mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Exploration and evaluation assets [member] | La Arena mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	117,005	117,000
Exploration and evaluation assets [member] | La Arena mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	117,005	117,000
Exploration and evaluation assets [member] | La Arena mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Exploration and evaluation assets [member] | La Colorada mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	55,370	21,589
Exploration and evaluation assets [member] | La Colorada mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	55,370	21,589
Exploration and evaluation assets [member] | La Colorada mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Exploration and evaluation assets [member] | Lakeshore mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	63,018	71,099
Exploration and evaluation assets [member] | Lakeshore mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	63,018	71,099
Exploration and evaluation assets [member] | Lakeshore mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Exploration and evaluation assets [member] | Other [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	20,336	20,539
Exploration and evaluation assets [member] | Other [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	32,426	32,533
Exploration and evaluation assets [member] | Other [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(12,090)	(11,994)
Exploration and evaluation assets [member] | Navidad project [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	190,476	190,476
Impairment charge	376,100	376,100
Exploration and evaluation assets [member] | Navidad project [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	566,577	566,577
Exploration and evaluation assets [member] | Navidad project [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(376,101)	(376,101)
Exploration and evaluation assets [member] | Escobal mine [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	255,548	258,126
Exploration and evaluation assets [member] | Escobal mine [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	257,390	259,198
Exploration and evaluation assets [member] | Escobal mine [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(1,842)	(1,072)
Exploration and evaluation assets [member] | Minefinders project [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	41,468	43,264
Exploration and evaluation assets [member] | Minefinders project [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	78,443	80,239
Exploration and evaluation assets [member] | Minefinders project [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	$ (36,975)	$ (36,975)

Mineral Properties, Plant and_5

Mineral Properties, Plant and Equipment - Additional Information (Details) $ in Thousands	Jul. 12, 2021USD ($)	Jun. 28, 2021USD ($)shares	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Feb. 22, 2019sharesright
Disclosure of detailed information about property, plant and equipment [line items]
Proceeds from sales of property, plant and equipment, classified as investing activities	$ 33,500		$ 45,798	$ 22,474
Gains (losses) on disposals of property, plant and equipment	$ 32,500
Smelter royalty percentage retained	2.00%
Maverix Metals Inc. [member]
Disclosure of detailed information about property, plant and equipment [line items]
Proceeds from sales of property, plant and equipment, classified as investing activities		$ 9,500
Number of shares issued (shares) | shares		491,071
Value of investment disposed			$ (2,600)
Gains (losses) on disposals of property, plant and equipment		$ 800
Tahoe Resources, Inc [member] | Fair value estimate of the CVRs [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of shares issued (shares) | shares			15,600,034	15,600,034	15,600,208
Number of CVRs issued | right					313,887,490

Investment in Associates - Acti

Investment in Associates - Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of associates [line items]
Balance of investment, beginning of period	$ 71,560
Income (loss) in associate	4,347	$ 10,529
Balance of investment, end of period	78,657	71,560
Maverix Metals Inc. [member]
Disclosure of associates [line items]
Balance of investment, beginning of period	71,560	84,319
Acquisition (disposition) of shares in associate	2,616	(23,467)
Adjustment for change in ownership interest	(22)	1,489
Dividends	(1,220)	(1,310)
Dilution (losses) gains	(34)	9,160
Income (loss) in associate	4,510	1,369
Balance of investment, end of period	77,410	71,560
Other [member]
Disclosure of associates [line items]
Balance of investment, beginning of period	0
Balance of investment, end of period	$ 1,247	$ 0

Investment in Associates - Addi

Investment in Associates - Additional Information (Details)	Jun. 05, 2020USD ($)$ / sharesshares	Dec. 31, 2020USD ($)	Oct. 29, 2020	Jun. 05, 2020$ / shares	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Disclosure of associates [line items]
Proceeds from common shares issued					$ 619,000	$ 4,737,000
Income (loss) in associate					4,347,000	$ 10,529,000
Maverix Metals Inc. [member]
Disclosure of associates [line items]
Common shares issued in connection with exercise of stock options (shares) | shares	8,250,000
Proceeds from exercise of warrants	$ 15,600,000
Proportion of ownership interest in associate		17.00%	18.00%	17.00%		26.00%
Deferred revenue		$ 13,300,000			12,500,000	$ 13,300,000
Gain on disposition of shares pursuant to Secondary Offering					(2,616,000)	23,467,000
Income (loss) in associate					$ 4,510,000	$ 1,369,000
Maverix Metals Inc. [member] | Exercise Price of $1.56 [Member]
Disclosure of associates [line items]
Common shares issued in connection with exercise of stock options (shares) | shares	5,000,000
Exercise price (in USD per share) | $ / shares	$ 1.56			$ 1.56
Maverix Metals Inc. [member] | Exercise Price of $2.408 [Member]
Disclosure of associates [line items]
Common shares issued in connection with exercise of stock options (shares) | shares	3,250,000
Exercise price (in USD per share) | $ / shares	$ 2.408			2.408
La Colorada mine [member] | Maverix Metals Inc. [member]
Disclosure of associates [line items]
Agreements to sell future gold production, percent of production (percent)					100.00%
Agreements to sell future gold production, price per ounce (in USD per ounce)					650
La Bolsa mine [member] | Maverix Metals Inc. [member]
Disclosure of associates [line items]
Agreements to sell future gold production, percent of production (percent)					5.00%
Agreements to sell future gold production, price per ounce (in USD per ounce)					450
Ordinary shares [member] | Maverix Metals Inc. [member]
Disclosure of associates [line items]
Number of shares acquired (sold) | shares	8,250,000
Ordinary shares [member] | Maverix Metals Inc. [member] | Secondary Offering [Member]
Disclosure of associates [line items]
Number of shares acquired (sold) | shares	(10,350,000)
Sale of common shares, price per share | $ / shares	$ 4.40			$ 4.40
Proceeds from common shares issued	$ 45,500,000
Underwriting fees, percentage of gross proceeds	4.00%
Underwriting fees paid	$ 1,900,000

Goodwill and Other Assets (Deta

Goodwill and Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Miscellaneous non-current assets [abstract]
Goodwill	$ 2,775	$ 2,775
Other assets	1,124	1,396
Total goodwill and other assets	$ 3,899	$ 4,171

Accounts Payable (Details)

Accounts Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Trade and other current payables [abstract]
Trade payables	$ 77,461	$ 80,280
Royalties payable	24,113	18,166
Other accounts payable and accrued liabilities	107,207	94,600
Payroll and related benefits	64,968	56,715
Other taxes payable	12,006	11,208
Other tax payables	20,332	20,969
Total accounts payable and accrued liabilities	$ 306,087	$ 281,938

Provisions (Details)

Provisions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of other provisions [line items]
Provisions, beginning	$ 241,953	$ 195,384
Revisions in estimates and obligations incurred	6,278	40,857
-new provisions	6,376	2,402
-change in estimate	(1,801)	(1,754)
-exchange gains on provisions	(389)	(569)
-utilized in the period	(5,738)	(165)
Reclamation expenditures	(5,997)	(2,462)
Accretion expense (Note 22)	7,470	8,260
Provisions, ending	248,152	241,953
Contingent liability for decommissioning, restoration and rehabilitation costs [member]
Disclosure of other provisions [line items]
Provisions, beginning	235,110	188,455
Revisions in estimates and obligations incurred	6,278	40,857
-new provisions	0	0
-change in estimate	0	0
-exchange gains on provisions	0	0
-utilized in the period	0	0
Reclamation expenditures	(5,997)	(2,462)
Accretion expense (Note 22)	7,470	8,260
Provisions, ending	242,861	235,110
Litigation [member]
Disclosure of other provisions [line items]
Provisions, beginning	6,843	6,929
Revisions in estimates and obligations incurred	0	0
-new provisions	6,376	2,402
-change in estimate	(1,801)	(1,754)
-exchange gains on provisions	(389)	(569)
-utilized in the period	(5,738)	(165)
Reclamation expenditures	0	0
Accretion expense (Note 22)	0	0
Provisions, ending	$ 5,291	$ 6,843

Provisions Current and Non-curr

Provisions Current and Non-current Provisions (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Provisions [abstract]
Current	$ 8,041	$ 12,066
Non-Current	240,111	229,887
Provisions	$ 248,152	$ 241,953	$ 195,384

Provisions - Additional Informa

Provisions - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of other provisions [line items]
Accretion charged to earnings as finance expense	$ 7,470	$ 8,260
Reclamation expenditures	(5,997)	(2,462)
Provision accrued for labour claims	248,152	241,953	$ 195,384
Contingent liability for decommissioning, restoration and rehabilitation costs [member]
Disclosure of other provisions [line items]
Inflated and undiscounted estimate of future cash flows	413,000	330,600
Accretion charged to earnings as finance expense	7,470	8,260
Reclamation expenditures	(5,997)	(2,462)
Provision accrued for labour claims	242,861	235,110	188,455
Litigation [member]
Disclosure of other provisions [line items]
Accretion charged to earnings as finance expense	0	0
Reclamation expenditures	0	0
Provision accrued for labour claims	$ 5,291	$ 6,843	$ 6,929
Bottom of range [member] | Contingent liability for decommissioning, restoration and rehabilitation costs [member]
Disclosure of other provisions [line items]
Inflation rate (percent)	1.00%	0.00%
Discount rate (percent)	1.00%	0.00%
Top of range [member] | Contingent liability for decommissioning, restoration and rehabilitation costs [member]
Disclosure of other provisions [line items]
Inflation rate (percent)	5.00%	4.00%
Discount rate (percent)	9.00%	8.00%

Leases - Summary of Changes in

Leases - Summary of Changes in ROU Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Changes in Right-of-Use Assets [Roll Forward]
Balance, beginning of period	$ 33,543	$ 43,361
Additions to right-of-use assets	9,924	5,534
Depreciation, right-of-use assets	(12,444)	(14,244)
Increase (Decrease) Through Other, Right-of-Use Assets	(1,527)	(1,108)
Balance, end of period	$ 29,496	$ 33,543

Leases - Reconciliation of Undi

Leases - Reconciliation of Undiscounted Cash Flows (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Total undiscounted lease obligations	$ 45,300	$ 50,662
Less future interest charges	(14,739)	(17,097)
Total discounted lease obligations	30,561	33,565
Less: current portion of lease obligations	(10,663)	(12,829)
Non-current portion of lease obligations	19,898	20,736
Within one year [member]
Lessee, Lease, Description [Line Items]
Total undiscounted lease obligations	11,690	13,505
Between one and five years [member]
Lessee, Lease, Description [Line Items]
Total undiscounted lease obligations	16,676	17,902
Beyond five years [member]
Lessee, Lease, Description [Line Items]
Total undiscounted lease obligations	$ 16,934	$ 19,255

Debt (Details)

Debt (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Disclosure of detailed information about borrowings [line items]
Credit facility term	5 years
Amount drawn down		$ 0	$ (355,000)
Repayment of credit facility		$ 0	(80,000)
Interest rate on borrowings (percent)	3.60%
Credit Facility [member]
Disclosure of detailed information about borrowings [line items]
Debt covenant, leverage ratio		3.5
Debt covenant, interest coverage ratio		3
Standby charges on undrawn amounts		$ 2,100	2,200
Interest expense on borrowings			5,000
Loans [Member]
Disclosure of detailed information about borrowings [line items]
Total long-term debt		15,300	0
Current borrowings		(3,400)	0
Current portion of non-current borrowings		$ 11,900	$ 0
Weighted average [member] | Credit Facility [member]
Disclosure of detailed information about borrowings [line items]
Interest rate on borrowings (percent)			2.60%
Tahoe Resources, Inc [member] | Bottom of range [member] | Credit Facility [member]
Disclosure of detailed information about borrowings [line items]
Line of credit facility, unused capacity, commitment fee (percent)		0.41%
Tahoe Resources, Inc [member] | Top of range [member] | Credit Facility [member]
Disclosure of detailed information about borrowings [line items]
Line of credit facility, unused capacity, commitment fee (percent)		0.63%
Tahoe Resources, Inc [member] | LIBOR [member] | Bottom of range [member] | Credit Facility [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis		1.825%
Tahoe Resources, Inc [member] | LIBOR [member] | Top of range [member] | Credit Facility [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis		2.80%

Other Long Term Liabilities (De

Other Long Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Deferred credit	$ 20,788	$ 20,788
Other tax payables	16	54
Severance liabilities	4,887	6,231
Other non-current non-financial liabilities	$ 25,691	$ 27,073

Share-Based Compensation And _3

Share-Based Compensation And Other Related Information - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)sharesright	Dec. 31, 2020USD ($)shares	Feb. 22, 2019sharesright
Disclosure of share-based payment arrangements [Abstract]
Share-based compensation | $	$ 5,128	$ 3,024
Granted (shares)	53,115
Granted (shares)		7,605
Number of common shares issued in connection with exercise of stock options		329,379
Number of common share option exercised (shares)	65,780	329,711
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued in lieu of directors fees (shares)	9,646	9,883
Directors' remuneration expense | $	$ 300	$ 200
Number of shares authorised (shares)	400,000,000
Fair value estimate of the CVRs [Member] | Tahoe Resources, Inc [member]
Disclosure of detailed information about business combination [line items]
Number of CVRs issued | right			313,887,490
Number of shares issued (shares)	15,600,034	15,600,034	15,600,208
Number of CVRs outstanding | right	313,883,990

Share-Based Compensation And _4

Share-Based Compensation And Other Related Information - Option Activity (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares$ / shares	Dec. 31, 2020shares$ / shares
Disclosure of share-based payment arrangements [Abstract]
Share options outstanding, beginning (shares)	317,417	317,417	1,143,348	1,143,348
Granted (shares)			7,605	7,605
Granted (shares)	53,115	53,115
Exercised (shares)	(65,780)	(65,780)	(329,711)	(329,711)
Expired (shares)	(2,162)	(2,162)	(482,438)	(482,438)
Forfeited (shares)	(23,587)	(23,587)	(21,387)	(21,387)
Share options outstanding, ending (shares)	279,003	279,003	317,417	317,417
Outstanding, beginning of period (CAD$ per share) | $ / shares	$ 18.78		$ 33.84
Granted (CAD$ per share) | (per share)		$ 30.70	39.48	$ 39.45
Granted (CAD$ per share) | $ / shares	30.70
Exercised (CAD$ per share) | $ / shares	11.77		19.23
Expired (CAD$ per share) | $ / shares	41.62		53.41
Forfeited (CAD$ per share) | $ / shares	32.27		43.08
Outstanding, end of period (CAD$ per share) | $ / shares	$ 21.38		$ 18.78

Share-Based Compensation And _5

Share-Based Compensation And Other Related Information - Options Outstanding and Exercisable (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares$ / shares
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) | shares	279,003	317,417	1,143,348
Weighted Average Remaining Contractual Life (years)	3 years 7 months 2 days
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 21.38	$ 18.78	$ 33.84
Number Exercisable at Year End (shares) | shares	222,087
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 18.84
$9.76 - $23.61 [member]
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) | shares	48,458
Weighted Average Remaining Contractual Life (years)	3 years 5 months 15 days
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 11.59
Number Exercisable at Year End (shares) | shares	48,458
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 11.59
$23.62 - $35.21 [member]
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) | shares	143,896
Weighted Average Remaining Contractual Life (years)	5 years 11 months 4 days
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 18.90
Number Exercisable at Year End (shares) | shares	143,896
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 18.90
$35.22 - $46.53 [member]
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) | shares	74,720
Weighted Average Remaining Contractual Life (years)	3 years 1 month 17 days
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 29.50
Number Exercisable at Year End (shares) | shares	21,605
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 26.54
$46.54 - $65.71 [member]
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) | shares	11,929
Weighted Average Remaining Contractual Life (years)	10 months 2 days
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 40.26
Number Exercisable at Year End (shares) | shares	8,128
Weighted Average Exercise Price (CAD$ per share) | $ / shares	$ 40.62

Share-Based Compensation And _6

Share-Based Compensation And Other Related Information - Assumptions (Details)	12 Months Ended
	Dec. 31, 2021USD ($)year$ / shares	Dec. 31, 2020USD ($)year$ / shares	Dec. 31, 2020USD ($)year$ / shares
Disclosure of share-based payment arrangements [Abstract]
Expected life | year	4	4	4
Expected volatility	44.00%	37.90%	37.90%
Expected dividend yield	2.40%	1.10%	1.10%
Risk-free interest rate	1.90%	0.80%	0.80%
Weighted average exercise price (CAD$) | (per share)	$ 30.70	$ 39.48	$ 39.45
Weighted average fair value (CAD$) | $	$ 9.39	$ 15.80	$ 15.80

Share-Based Compensation And _7

Share-Based Compensation And Other Related Information - Performance Share Unit Activity (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2021CAD ($)	Dec. 31, 2020CAD ($)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation	$ 5,128	$ 3,024
Performance Share Units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
PSU performance period	3 years
Weighted average fair value at measurement date, other equity instruments granted			$ 32.72	$ 39.51
Share-based compensation	$ 1,900	$ 4,200
Other equity instruments outstanding. beginning (shares | shares	255,559	247,601
Granted (shares) | shares	79,417	62,920
Paid out (shares) | shares	(117,328)	(54,962)
Forfeited (shares) | shares	0
Other equity instruments outstanding, ending (shares) | shares	217,648	255,559
Fair value of other equity instruments outstanding, beginning	$ 8,870	$ 5,896
Granted, fair value	2,049	1,942
Paid out, fair value	(4,539)	(2,626)
Forfeited, fair value	0
Change in value, fair value	(901)	3,658
Fair value of other equity instruments outstanding, ending	$ 5,479	$ 8,870

Share-Based Compensation And _8

Share-Based Compensation And Other Related Information - Restricted Stock Unit Activity (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation	$ 5,128	$ 3,024
Restricted Share Units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation	$ 1,800	$ 5,000
Other equity instruments outstanding. beginning (shares | shares	396,572	299,216
Granted (shares) | shares	240,366	261,224
Paid out (shares) | shares	(197,320)	(148,049)
Forfeited (shares) | shares	(13,218)	(15,819)
Other equity instruments outstanding, ending (shares) | shares	426,400	396,572
Fair value of other equity instruments outstanding, beginning	$ 13,730	$ 7,107
Granted, fair value	5,818	6,302
Paid out, fair value	(4,829)	(4,762)
Forfeited, fair value	(329)	(545)
Change in value, fair value	(3,699)	5,628
Fair value of other equity instruments outstanding, ending	$ 10,691	$ 13,730
First Anniversary of Grant [member] | Restricted Share Units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Award vesting (percent)	33.30%
Second Anniversary of Grant [member] | Restricted Share Units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Award vesting (percent)	33.30%
Third Anniversary of Grant [member] | Restricted Share Units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Award vesting (percent)	33.30%

Share-Based Compensation And _9

Share-Based Compensation And Other Related Information - Dividends (Details) - $ / shares	Mar. 01, 2021	Nov. 16, 2020	Aug. 17, 2020	May 19, 2020	Mar. 02, 2020	Nov. 18, 2019	Aug. 19, 2019	May 21, 2019	Mar. 04, 2019
Disclosure of terms and conditions of share-based payment arrangement [line items]
Dividends paid (dollars per share)		$ 0.10	$ 0.10	$ 0.07	$ 0.07	$ 0.07	$ 0.05	$ 0.05	$ 0.05
Dividends Paid [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Dividends paid (dollars per share)	$ 0.12

Production Costs (Details)

Production Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Production Costs [Line Items]
Materials and consumables	$ 381,446	$ 284,215
Employee compensation and benefits expense	317,081	262,753
Contractors	226,095	125,242
Utilities	48,675	39,242
Other (recovery) expense	34,165	18,198
Changes in inventories	(81,983)	(32,978)
Production Costs	925,479	696,672
NRV adjustments to inventory	$ 8,700	$ (16,200)

Production Costs - Employee Com

Production Costs - Employee Compensation and Benefits Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Wages, salaries and bonuses	$ 352,736	$ 317,668
Share-based compensation	5,128	3,024
Total employee compensation and benefit expenses	357,864	320,692
Less: Expensed within Care and Maintenance expenses	(4,310)	(37,695)
Less: Expensed within General and Administrative expenses	(31,230)	(17,180)
Less: Expensed within Exploration expenses	(5,243)	(3,064)
Employee compensation and benefits expenses included in production costs	$ 317,081	$ 262,753

Mine Care and Maintenance (Deta

Mine Care and Maintenance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	$ 31,780	$ 102,105
COVID-19, Suspension of Mines [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	0	76,298
Excluding COVID 19
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	31,780	25,807
Gross carrying amount [member] | COVID-19, Suspension of Mines [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	0	58,323
Accumulated Depreciation [member] | COVID-19, Suspension of Mines [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	$ 0	$ 17,975

Interest and Finance Expense (D

Interest and Finance Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Borrowing costs [abstract]
Interest expense	$ 3,660	$ 9,216
Finance fees	5,068	2,628
Accretion expense (Note 15)	7,470	8,260
Interest and finance expense	$ 16,198	$ 20,104

Earnings Per Share (Basic and_3

Earnings Per Share (Basic and Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Earnings per share [abstract]
Profit (loss)	$ 98,562	$ 176,455
Net earnings	$ 97,428	$ 177,882
Basic earnings per share (shares)	210,298,000	210,085,000
Basic earnings per share (in USD per share)	$ 0.46	$ 0.85
Effect of dilutive securities:
Stock Options (shares)	137,000	210,000
Diluted earnings per share (shares)	210,435,000	210,295,000
Diluted earnings per share (in USD per share)	$ 0.46	$ 0.85
Potentially dilutive securities excluded from diluted EPS (shares)	65,044	24,902

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other operating activities
Share-based compensation expense	$ 5,128	$ 3,024
Unrealized investment loss (income)	59,722	(58,673)
Gains on derivatives (Note 8c)	(5,393)	(3,543)
Gains on warrants	0	(38)
Income from equity investees (Note 12)	(4,347)	(10,529)
Gains on sale of mineral properties, plant and equipment (Note 11)	(32,167)	(7,922)
Net realizable value adjustment for inventories	8,719	(16,175)
Other inflows (outflows) of cash, classified as operating activities	(28,060)	(35,183)
Changes in non-cash operating working capital items:
Trade and other receivables	(2,874)	54,838
Inventories	(82,885)	(14,623)
Prepaid expenses	1,049	2,353
Accounts payable and accrued liabilities	18,086	56,816
Provisions	(4,445)	(2,402)
Changes in non-cash working capital	(71,069)	96,982
Significant non-cash items [Abstract]
Increase (decrease) through share-based payment transactions, equity	3,312	2,826
Cash and Cash Equivalents
Cash in banks	283,550	167,113
Issued capital [member]
Significant non-cash items [Abstract]
Increase (decrease) through share-based payment transactions, equity	$ 3,312	$ 2,826

Segmented Information - Summary

Segmented Information - Summary of Information Relati (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Revenue	$ 1,632,750	$ 1,338,812
Production costs and royalties	961,854	724,166
Depreciation	302,958	254,469
Mine operating earnings	367,938	360,177
Mine care and maintenance	31,780	102,105
Capital expenditures	255,874	191,657
Silver Segment [member]
Disclosure of operating segments [line items]
Revenue	601,336	380,390
Production costs and royalties	401,943	249,177
Depreciation	71,114	50,392
Mine operating earnings	128,279	80,821
Capital expenditures	98,451	64,529
Gold Segment [member]
Disclosure of operating segments [line items]
Revenue	1,031,414	958,422
Production costs and royalties	559,911	474,989
Depreciation	230,127	202,544
Mine operating earnings	241,376	280,889
Capital expenditures	156,021	126,271
Dolores mine [member] | Mexico | Silver Segment [member]
Disclosure of operating segments [line items]
Revenue	342,556	250,219
Production costs and royalties	186,285	146,961
Depreciation	106,397	87,694
Mine operating earnings	49,874	15,564
Capital expenditures	40,566	44,861
La Colorada mine [member] | Mexico | Silver Segment [member]
Disclosure of operating segments [line items]
Revenue	130,112	128,824
Production costs and royalties	75,192	69,663
Depreciation	20,505	19,608
Mine operating earnings	34,415	39,553
Capital expenditures	65,532	29,388
Huaron mine [member] | Peru | Silver Segment [member]
Disclosure of operating segments [line items]
Revenue	154,634	72,073
Production costs and royalties	90,126	39,612
Depreciation	11,564	7,069
Mine operating earnings	52,944	25,392
Capital expenditures	10,897	4,500
Morococha mine [member] | Peru | Silver Segment [member]
Disclosure of operating segments [line items]
Revenue	108,699	47,046
Production costs and royalties	75,182	35,768
Depreciation	13,738	7,203
Mine operating earnings	19,779	4,075
Capital expenditures	8,329	10,168
San Vicente mine [member] | Bolivia | Silver Segment [member]
Disclosure of operating segments [line items]
Revenue	80,446	48,396
Production costs and royalties	54,569	35,753
Depreciation	9,276	6,725
Mine operating earnings	16,601	5,918
Capital expenditures	5,340	4,877
Manantial Espejo mine [member] | Argentina | Silver Segment [member]
Disclosure of operating segments [line items]
Revenue	127,445	84,051
Production costs and royalties	106,874	68,381
Depreciation	16,031	9,787
Mine operating earnings	4,540	5,883
Capital expenditures	7,575	10,789
Escobal mine [member] | Guatemala | Silver Segment [member]
Disclosure of operating segments [line items]
Revenue	0
Production costs and royalties	0	0
Depreciation	0
Mine operating earnings	0	0
Capital expenditures	778	4,807
Shahuindo mine [member] | Peru | Gold Segment [member]
Disclosure of operating segments [line items]
Revenue	255,771	270,043
Production costs and royalties	115,009	97,940
Depreciation	42,600	40,562
Mine operating earnings	98,162	131,541
Capital expenditures	27,678	23,335
La Arena mine [member] | Peru | Gold Segment [member]
Disclosure of operating segments [line items]
Revenue	194,582	176,028
Production costs and royalties	84,243	72,676
Depreciation	41,362	27,683
Mine operating earnings	68,977	75,669
Capital expenditures	45,479	37,324
Timmins mine [member] | Canada | Gold Segment [member]
Disclosure of operating segments [line items]
Revenue	238,505	262,132
Production costs and royalties	174,374	157,412
Depreciation	39,768	46,605
Mine operating earnings	24,363	58,115
Capital expenditures	42,298	20,751
Pas Corp mine [member] | Canada | Other Segment [member]
Disclosure of operating segments [line items]
Revenue	0
Production costs and royalties	0	0
Depreciation	407	491
Mine operating earnings	(407)	(491)
Capital expenditures	332	297
Navidad mine [member] | Argentina | Other Segment [member]
Disclosure of operating segments [line items]
Revenue	0
Production costs and royalties	0	0
Depreciation	0	0
Mine operating earnings	0	0
Capital expenditures	90	0
Other [member] | Other | Other Segment [member]
Disclosure of operating segments [line items]
Revenue	0	0
Production costs and royalties	0	0
Depreciation	1,310	1,042
Mine operating earnings	(1,310)	(1,042)
Capital expenditures	$ 980	$ 560

Segmented Information - Reconci

Segmented Information - Reconciliation of Segment Mine Operating Earnings to Company's Earnings Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
General and administrative	$ (34,852)	$ (36,375)
Exploration and project development	(11,071)	(7,096)
Mine care and maintenance (Note 21)	(31,780)	(102,105)
Foreign exchange losses	(11,267)	(5,474)
Gains on derivatives (Note 8c)	5,393	3,543
Gains on sale of mineral properties, plant and equipment (Note 11)	32,167	7,922
Income from equity investees (Note 12)	4,347	10,529
Other income (expense) (Note 26)	36	(21,144)
Earnings from operations	320,911	209,977
Investment (loss) income (Note 8b)	(59,722)	62,139
Interest and finance expense (Note 22)	(16,198)	(20,104)
Earnings before income taxes	244,991	252,012
Mine operating segments [member]
Disclosure of operating segments [line items]
Earnings from operations	$ 367,938	$ 360,177

Segmented Information - Schedul

Segmented Information - Schedule of Net Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Assets	$ 3,518,584	$ 3,433,875
Liabilities	882,576	828,036
Net assets	2,636,008	2,605,839
Silver Segment [member]
Disclosure of operating segments [line items]
Assets	988,906	912,767
Liabilities	255,517	216,453
Net assets	733,389	696,314
Gold Segment [member]
Disclosure of operating segments [line items]
Assets	2,077,861	2,033,375
Liabilities	562,083	543,828
Net assets	1,515,778	1,489,547
Dolores mine [member] | Mexico | Silver Segment [member]
Disclosure of operating segments [line items]
Assets	750,220	752,873
Liabilities	193,638	169,444
Net assets	556,582	583,429
La Colorada mine [member] | Mexico | Silver Segment [member]
Disclosure of operating segments [line items]
Assets	299,038	231,217
Liabilities	52,934	48,971
Net assets	246,104	182,246
Huaron mine [member] | Peru | Silver Segment [member]
Disclosure of operating segments [line items]
Assets	117,514	113,177
Liabilities	59,975	40,663
Net assets	57,539	72,514
Morococha mine [member] | Peru | Silver Segment [member]
Disclosure of operating segments [line items]
Assets	124,607	121,004
Liabilities	40,494	34,906
Net assets	84,113	86,098
San Vicente mine [member] | Bolivia | Silver Segment [member]
Disclosure of operating segments [line items]
Assets	88,924	83,668
Liabilities	53,264	40,536
Net assets	35,660	43,132
Manantial Espejo mine [member] | Argentina | Silver Segment [member]
Disclosure of operating segments [line items]
Assets	71,012	75,113
Liabilities	29,017	26,950
Net assets	41,995	48,163
Escobal mine [member] | Guatemala | Silver Segment [member]
Disclosure of operating segments [line items]
Assets	287,811	288,588
Liabilities	19,833	24,427
Net assets	267,978	264,161
Shahuindo mine [member] | Peru | Gold Segment [member]
Disclosure of operating segments [line items]
Assets	591,164	566,734
Liabilities	199,450	201,427
Net assets	391,714	365,307
La Arena mine [member] | Peru | Gold Segment [member]
Disclosure of operating segments [line items]
Assets	317,371	299,372
Liabilities	106,799	112,475
Net assets	210,572	186,897
Timmins mine [member] | Canada | Gold Segment [member]
Disclosure of operating segments [line items]
Assets	419,106	414,396
Liabilities	62,196	60,482
Net assets	356,910	353,914
Pas Corp mine [member] | Canada | Other Segment [member]
Disclosure of operating segments [line items]
Assets	176,006	230,872
Liabilities	16,492	18,795
Net assets	159,514	212,077
Navidad mine [member] | Argentina | Other Segment [member]
Disclosure of operating segments [line items]
Assets	193,077	192,999
Liabilities	0	0
Net assets	193,077	192,999
Other [member] | Other | Other Segment [member]
Disclosure of operating segments [line items]
Assets	82,734	63,862
Liabilities	48,484	48,960
Net assets	$ 34,250	$ 14,902

Segmented Information - Revenue

Segmented Information - Revenue by Product (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of products and services [line items]
Revenue	$ 1,632,750	$ 1,338,812
Refined silver and gold [member]
Disclosure of products and services [line items]
Revenue	1,177,388	1,047,601
Zinc concentrate [member]
Disclosure of products and services [line items]
Revenue	119,059	65,033
Lead concentrate [member]
Disclosure of products and services [line items]
Revenue	145,524	132,823
Copper concentrate [member]
Disclosure of products and services [line items]
Revenue	133,025	50,081
Silver Concentrate [member]
Disclosure of products and services [line items]
Revenue	$ 57,754	$ 43,274

Segmented Information - Additio

Segmented Information - Additional Information (Details) - Customer Concentration Risk [member] - customer	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
100% of Concentrate and Silver and Gold Sales Revenue [member]
Disclosure of operating segments [line items]
Number of significant customers	25
Sales Revenue [member]
Disclosure of operating segments [line items]
Number of significant customers	7	7
Customer A [member] | Sales Revenue [member]
Disclosure of operating segments [line items]
Concentration risk (percent)	21.00%	19.00%
Customer B [member] | Sales Revenue [member]
Disclosure of operating segments [line items]
Concentration risk (percent)	13.00%	17.00%
Customer C [member] | Sales Revenue [member]
Disclosure of operating segments [line items]
Concentration risk (percent)	12.00%	12.00%
Customer D [member] | Sales Revenue [member]
Disclosure of operating segments [line items]
Concentration risk (percent)	11.00%	11.00%
Customer E [member] | Sales Revenue [member]
Disclosure of operating segments [line items]
Concentration risk (percent)	9.00%	7.00%
Customer F [member] | Sales Revenue [member]
Disclosure of operating segments [line items]
Concentration risk (percent)	7.00%	7.00%
Customer G [member] | Sales Revenue [member]
Disclosure of operating segments [line items]
Concentration risk (percent)	7.00%	5.00%

Other Expenses (Details)

Other Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Increase (Decrease) in Closure and Decommissioning Estimates	$ 246	$ 5,230
Change in provisions	1,323	7,493
Commissions on investment dispositions	0	3,465
Other expense	(1,605)	4,956
Other operating income (expense)	$ (36)	$ 21,144

Income Taxes - Components of in

Income Taxes - Components of income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current tax expense (recovery)
Recognized in profit or loss in current year	$ 134,947	$ 99,013
Change in current tax expense estimated for prior years	147	(658)
Current tax expense (income) and adjustments for current tax of prior periods	135,094	98,355
Deferred tax expense (recovery)
Deferred tax recovery recognized in the current year	14,194	14,667
Adjustments recognized in the current year with respect to prior years	56	433
Benefit from previously unrecognized losses, and other temporary differences	508	(42,379)
Decrease in deferred tax liabilities due to tax impact of NRV charge to inventory	(3,423)	4,481
Deferred tax expense	11,335	(22,798)
Income taxes expense	$ 146,429	$ 75,557

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of effective income tax rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of income tax [Abstract]
Earnings before taxes and non-controlling interest	$ 244,991	$ 252,012
Statutory Canadian income tax rate (percent)	27.00%	27.00%
Income tax expense based on above rates	$ 66,148	$ 68,043
Increase (decrease) due to:
Non-deductible expenditures	6,192	9,915
Foreign tax rate differences	15,969	16,179
Change in net deferred tax assets not recognized	20,574	(64,765)
Non-taxable portion of net earnings of affiliates	(1,304)	0
Effect of other taxes paid (mining and withholding)	25,846	22,545
Effect of foreign exchange on tax expense	14,337	18,598
Non-taxable impact of foreign exchange	(1,203)	(3,000)
Change in non-deductible portion of reclamation liabilities	2,380	8,605
Other	(2,510)	(563)
Income taxes expense	$ (146,429)	$ (75,557)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in deferred tax liability (asset) [abstract]
Net deferred tax liabilities	$ (117,461)	$ (140,361)
Recognized in net earnings in the year	(11,335)	22,798
Other	(36)	102
Net deferred tax liabilities	(128,832)	(117,461)
Deferred tax assets (Note 27)	55,953	57,850
Deferred tax liabilities	(184,785)	(175,311)
Net deferred tax liabilities	$ (128,832)	$ (117,461)

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	$ 128,832	$ 117,461
Increase (decrease) in deferred tax liability (asset)	(47,700)
Closure and decommissioning costs
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	(27,742)	(26,482)
Tax losses, resource pools and mining tax credits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	(92,928)	(140,608)
Deductible Mexican mining taxes
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	(4,682)	(3,286)
Accounts payable and accrued liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	(22,119)	(17,737)
Trade and other receivables
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	(29,163)	(13,290)
Provision for doubtful debts and inventory adjustments
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	28,153	21,354
Short-term investments
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	7,941	15,649
Mineral properties, plant, and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	245,126	274,483
Estimated sales provisions
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	30,466	14,028
Other temporary differences and provisions
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	(6,220)	(6,650)
Tax Losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	(26,400)	(43,800)
Resource pools
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets/liabilities	$ (66,500)	$ (96,800)

Income Taxes - Deductible Tempo

Income Taxes - Deductible Temporary Differences (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	$ 812,196	$ 738,489
Operating tax loss
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	366,351	284,626
Net capital tax loss
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	35,801	32,378
Resource Pools and Other Tax Credits [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	49,230	48,773
Financing fees
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	1,050	2,003
Mineral properties, plant, and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	127,945	107,124
Closure and decommissioning costs
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	143,080	136,728
Exploration and Other Expenses not Currently Deductible [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	33,837	68,266
Intercompany debt
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	17,956	12,160
Doubtful debt and inventory
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	24,624	41,378
Payroll and vacation accruals
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	6,168	1,491
Other temporary differences
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	$ 6,154	$ 3,562

Income Taxes - Net Operating Lo

Income Taxes - Net Operating Loss Carryforwards (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	$ 366,351	$ 284,626
Expiring 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		352
Expiring 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	703	544
Expiring 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	632
Expiring 2023 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	365,016
Expiring 2022 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		283,730
CANADA
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	330,799	269,001
CANADA | Expiring 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		0
CANADA | Expiring 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
CANADA | Expiring 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0
CANADA | Expiring 2023 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	330,799
CANADA | Expiring 2022 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		269,001
UNITED STATES
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	12,288	12,592
UNITED STATES | Expiring 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		317
UNITED STATES | Expiring 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	529	529
UNITED STATES | Expiring 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	360
UNITED STATES | Expiring 2023 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	11,399
UNITED STATES | Expiring 2022 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		11,746
PERU
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	749	340
PERU | Expiring 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		26
PERU | Expiring 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	156	0
PERU | Expiring 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0
PERU | Expiring 2023 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	593
PERU | Expiring 2022 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		314
MEXICO
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	2,299	2,406
MEXICO | Expiring 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		0
MEXICO | Expiring 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
MEXICO | Expiring 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	207
MEXICO | Expiring 2023 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	2,092
MEXICO | Expiring 2022 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		2,406
BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	243	203
BARBADOS | Expiring 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		8
BARBADOS | Expiring 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	15	12
BARBADOS | Expiring 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	60
BARBADOS | Expiring 2023 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	168
BARBADOS | Expiring 2022 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		183
ARGENTINA
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	19,973	84
ARGENTINA | Expiring 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		1
ARGENTINA | Expiring 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	3	3
ARGENTINA | Expiring 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	5
ARGENTINA | Expiring 2023 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	$ 19,965
ARGENTINA | Expiring 2022 - and After
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses		$ 80

Income Taxes - Taxable Temporar

Income Taxes - Taxable Temporary Differences (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of income tax [Abstract]
Temporary differences associated with investments in subsidiaries, branches and associates and interests in joint arrangements for which deferred tax liabilities have not been recognised	$ 282	$ 275.7

Contingencies (Details)

Contingencies (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2017lawsuit	Dec. 31, 2021USD ($)lawsuit	Dec. 31, 2020USD ($)
Disclosure of contingent liabilities [line items]
Provision for decommissioning, restoration and rehabilitation costs		$ 242,900	$ 235,100
Royalty expense		$ 36,375	27,494
San Vicente mine [member] | COMIBOL [Member] | Bolivia
Disclosure of contingent liabilities [line items]
Participation fee		37.50%
Royalty expense		$ 7,700	$ 5,800
Tahoe Resources, Inc [member]
Disclosure of contingent liabilities [line items]
Number of purported class action lawsuits filed | lawsuit	3
Number of class action suits after consolidation | lawsuit		1

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Salaries and short-term benefits	$ 18,592	$ 14,809
Post-employment benefits	1,130	930
Share-based payments	640	2,143
Key management personnel compensation	$ 20,362	$ 17,882