Pan American Silver (PAAS) 40-F19 Feb 252024 FY Annual report (Canada)Financial data

Company Profile

Cover

Cover	12 Months Ended
Cover	Dec. 31, 2024 shares
Document Information [Line Items]
Document Type	40-F
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Entity Central Index Key	0000771992
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-41683
Entity Registrant Name	Pan American Silver Corp.
Entity Incorporation, State or Country Code	A1
Entity Primary SIC Number	1044
Entity Address, Address Line One	2100 – 733 Seymour Street
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6B 0S6
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	NYSE
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Common Stock, Shares Outstanding	363,040,341
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	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
Audit Information	Dec. 31, 2024
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, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents (Note 27)	$ 862,800	$ 399,600
Investments (Note 11)	24,500	41,300
Trade and other receivables	165,200	138,000
Income tax receivables	30,600	62,900
Inventories (Note 12)	605,700	711,600
Other assets (Note 13)	31,600	36,600
Current assets	1,720,400	1,390,000
Non-current assets
Mineral properties, plant and equipment (Note 14)	5,325,100	5,675,100
Long-term inventories (Note 12)	29,400	27,800
Long-term tax receivables	11,100	14,700
Deferred tax assets (Note 29)	44,500	80,400
Other long-term assets (Note 16)	72,200	25,100
Total assets	7,202,700	7,213,100
Current liabilities
Accounts payable and accrued liabilities (Note 17)	489,400	498,000
Derivative liabilities (Note 10)	12,800	100
Provisions (Note 18)	35,300	41,600
Lease obligations (Note 19)	40,600	45,700
Debt (Note 20)	6,800	6,700
Income tax payables	102,100	32,100
Current liabilities	687,000	624,200
Non-current liabilities
Long-term provisions (Note 18)	427,100	432,400
Long-term lease obligations (Note 19)	53,900	52,200
Long-term debt (Note 20)	702,000	697,000
Other long-term liabilities (Note 21)	94,400	93,200
Deferred tax liabilities (Note 29)	521,700	541,600
Total liabilities	2,486,100	2,440,600
Equity (Note 22)
Issued capital	5,939,700	5,966,500
Share option reserve	94,200	94,000
Investment revaluation reserve	(30,900)	(30,300)
Deficit	(1,299,500)	(1,269,500)
Total equity attributable to Company shareholders	4,703,500	4,760,700
Non-controlling interests	13,100	11,800
Total equity	4,716,600	4,772,500
Total liabilities and equity	$ 7,202,700	$ 7,213,100

Consolidated Statements of Earn

Consolidated Statements of Earnings and Comprehensive Earnings - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue (Note 28)	$ 2,818.9	$ 2,316.1
Production costs (Note 23)	(1,633.8)	(1,479.2)
Depreciation and amortization (Note 14)	(571.7)	(484.2)
Royalties	(64.9)	(55.9)
Cost of sales	(2,270.4)	(2,019.3)
Mine operating earnings (Note 28)	548.5	296.8
General and administrative	(69.8)	(61.4)
Exploration and project development	(10.1)	(14.6)
Mine care and maintenance (Note 24)	(32.3)	(81)
Foreign exchange gains	38.2	8.9
Impairment charges (Note 15)	0	(78.6)
Derivative (losses) gains (Note 10(d))	(25.1)	8.3
Mineral properties, plant and equipment (losses) gains (Note 14)	(1.4)	1.2
Gains from sale of subsidiaries (Note 9)	137.4	6.7
Transaction and integration costs (Note 8)	0	(25.3)
Change in mine reclamation obligations (Note 18)	(53.7)	(15.7)
Other expense	(1)	(7.2)
Earnings from operations	530.7	38.1
Investment loss (Note 10(b))	(14.3)	(5.5)
Interest and finance expense (Note 25)	(84.7)	(91.4)
Earnings (loss) before income taxes	431.7	(58.8)
Income tax expense (Note 29)	(319)	(46.1)
Net earnings (loss)	112.7	(104.9)
Equity holders of the Company	111.5	(103.7)
Non-controlling interests	1.2	(1.2)
Items that will not be reclassified to net earnings (loss)
Remeasurement of retirement benefit plan	(0.2)	(2.6)
Unrealized loss on long-term investment (Note 10(c))	(0.4)	(24.2)
Income tax expense related to long-term investments (Note 29)	0	(0.5)
Total other comprehensive loss	(0.6)	(27.3)
Total comprehensive earnings (loss)	112.1	(132.2)
Equity holders of the Company	110.9	(131)
Non-controlling interests	$ 1.2	$ (1.2)
Earnings (loss) per share attributable to common shareholders (Note 26)
Basic earnings (loss) per share (in USD per share)	$ 0.31	$ (0.32)
Diluted earnings (loss) per share (in USD per share)	$ 0.31	$ (0.32)
Weighted average shares outstanding Basic (shares)	363,361	326,540
Weighted average shares outstanding Diluted (shares)	363,401	326,540

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Operating activities
Net earnings (loss)	$ 112.7	$ (104.9)
Income tax expense (Note 29)	319	46.1
Depreciation and amortization (Note 14)	571.7	484.2
Impairment charges (Note 15)	0	78.6
Net realizable value inventory charge (recovery) (Note 12, 23)	20.6	(31.8)
Gains from sale of subsidiaries (Note 9)	(137.4)	(6.7)
Accretion on closure and decommissioning provision (Note 18, 25)	31.3	34.2
Change in mine reclamation obligations (Note 18)	53.7	15.7
Investment loss (Note 10(b))	14.3	5.5
Interest paid	(37.3)	(45.1)
Interest expense (Note 25)	47.6	51.4
Interest received	13.9	17.2
Income taxes paid	(163.8)	(149.4)
Other operating activities (Note 27)	5.6	2
Net change in non-cash working capital items (Note 27)	(127.8)	53.2
Cash flows from (used in) operating activities	724.1	450.2
Investing activities
Payments for mineral properties, plant and equipment	(323.3)	(379)
Cash acquired from Yamana Gold Inc. (Note 8)	0	259.5
Cash disposed in sale of subsidiaries (Note 9)	(16.2)	(194.1)
Cash proceeds from sale of subsidiaries (Note 9)	306.6	549.1
Proceeds from disposition of mineral properties, plant and equipment	3.8	3.8
Proceeds from disposal of investments	2	144.8
Net (payments) proceeds from derivatives	(5.5)	13.8
Cash flows from (used in) investing activities	(32.6)	397.9
Financing activities
Proceeds from common shares issued	1.4	0
Contribution from non-controlling interests	0.1	11.1
Dividends paid	(145.4)	(130.4)
Proceeds from debt (Note 20)	0	315
Repayment of debt (Note 20)	(6.7)	(703.5)
Shares repurchased under Normal Course Issuer Bid (Note 22(h))	(24.3)	0
Payment of equipment leases	(50.3)	(44)
Cash flows from (used in) financing activities	(225.2)	(551.8)
Effects of exchange rate changes on cash and cash equivalents	(3.1)	(3.7)
Increase in cash and cash equivalents	463.2	292.6
Cash and cash equivalents at the beginning of the year	399.6	107
Cash and cash equivalents at the end of the year	$ 862.8	$ 399.6

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Millions	Total	Total	Issued capital	Share option reserve	Investment revaluation reserve	Deficit	Non- controlling interests
Beginning balance (shares) at Dec. 31, 2022			210,681
Beginning balance at Dec. 31, 2022	$ 2,201.6	$ 2,195.5	$ 3,140	$ 93.3	$ (3)	$ (1,034.8)	$ 6.1
Changes in equity [abstract]
Net earnings (loss)	(104.9)	(103.7)				(103.7)	(1.2)
Other comprehensive loss	(27.3)	(27.3)			(27.3)
Total comprehensive earnings (loss)	(132.2)	(131)			(27.3)	(103.7)	(1.2)
Shares issued as compensation (in shares)			221
Shares issued as compensation	3.5	3.5	$ 3.5
The Acquisition (Note 8) (in shares)			153,758
The Acquisition (Note 8)	3,307.9	2,823	$ 2,823				484.9
Dispositions (Note 9)	(489.7)						(489.7)
Share-based compensation on option grants	0.7	0.7		0.7
Contributions from non-controlling interests	11.1	(0.6)				(0.6)	11.7
Dividends paid	(130.4)	(130.4)				(130.4)
Ending balance (shares) at Dec. 31, 2023			364,660
Ending balance at Dec. 31, 2023	4,772.5	4,760.7	$ 5,966.5	94	(30.3)	(1,269.5)	11.8
Changes in equity [abstract]
Net earnings (loss)	112.7	111.5				111.5	1.2
Other comprehensive loss	(0.6)	(0.6)			(0.6)
Total comprehensive earnings (loss)	112.1	110.9			(0.6)	111.5	1.2
Shares issued on the exercise of stock options (in shares)			101
Shares issued on the exercise of stock options	1.4	1.4	$ 1.9	(0.5)
Shares repurchased (Note 16(h)) (in shares)			(1,720)
Shares repurchased (Note 22(h))	(24.8)	(24.8)	$ (28.7)			3.9
Share-based compensation on option grants	0.7	0.7		0.7
Contributions from non-controlling interests	0.1	0				0	0.1
Dividends paid	(145.4)	(145.4)				(145.4)
Ending balance (shares) at Dec. 31, 2024			363,041
Ending balance at Dec. 31, 2024	$ 4,716.6	$ 4,703.5	$ 5,939.7	$ 94.2	$ (30.9)	$ (1,299.5)	$ 13.1

Nature of Operations

Nature of Operations	12 Months Ended
Nature of Operations	Dec. 31, 2024
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 at December 31, 2024 was at Suite 2100 – 733 Seymour Street, Vancouver, British Columbia, V6B 0S6. The Company is listed on the Toronto Stock Exchange (Symbol: PAAS) (the "TSX") and the New York Stock Exchange (Symbol: PAAS) (the "NYSE"). On April 18, 2023, the Company transferred the listing of its common shares from the NASDAQ to the NYSE. Pan American engages in silver and gold mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation. The Company owns and operates silver and gold mines located in Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil. The Company also owns the Escobal mine in Guatemala that continues to be on care and maintenance pending satisfactory completion of a consultation process led by the Ministry of Energy and Mines in Guatemala. In addition, the Company is exploring for new silver and gold deposits, and opportunities throughout the Americas. On December 2, 2024, the Company completed the disposition of its 100% interest in La Arena S.A. ("La Arena"), which owns the La Arena gold mine as well as the La Arena II project in Peru, to Zijin Mining Group Co., Ltd. ("Zijin") (Note 9). On March 31, 2023, the Company acquired Yamana Gold Inc. ("Yamana") (Note 8). Yamana was a mid-tier publicly traded precious metals mining company with ownership interests in a diverse portfolio of mines and projects including the following principal mines: Jacobina in Brazil; El Peñon and Minera Florida in Chile; and Cerro Moro in Argentina (the "Acquired Mines"). Yamana's portfolio also included the MARA and Agua de la Falda projects in Argentina and Chile, which were subsequently divested on September 20, 2023 and November 6, 2023, respectively (Note 9).

Basis of Preparation

Basis of Preparation	12 Months Ended
Basis of Preparation	Dec. 31, 2024
Disclosure of notes and other explanatory information [Abstract]
Basis of Preparation	2. BASIS OF PREPARATION These Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”), effective as of December 31, 2024. These Consolidated Financial Statements were approved for issuance by the Board of Directors on February 19, 2025.

Material Accounting Policy Info

Material Accounting Policy Information	12 Months Ended
Material Accounting Policy Information	Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Material Accounting Policy Information	3. MATERIAL ACCOUNTING POLICY INFORMATION The accounting policies applied in the preparation of these audited Consolidated Financial Statements have been applied consistently for all periods presented except as outlined in Note 4. Material accounting policies used in the preparation of these Consolidated Financial Statements are as follows: a) Functional and 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 a historical cost basis, except for those assets and liabilities that are measured at 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, 2024 were as follows: Location Subsidiary Ownership Operations and Development Brazil Jacobina Mineração e Comércio Ltda. 100% Jacobina mine (1) Canada Lake Shore Gold Corp. 100% Bell Creek and Timmins West mines (together "Timmins mine") Chile Minera Meridian Ltda. 100% El Peñon mine (1) Minera Florida Ltda 100% Minera Florida mine (1) Minera Cavancha SpA. 80% La Pepa project (1) Mexico Plata Panamericana S.A. de C.V. 100% La Colorada mine Compañía Minera Dolores S.A. de C.V. 100% Dolores mine Peru Pan American Silver Huaron S.A. 100% Huaron mine Shahuindo S.A.C. 100% Shahuindo mine Bolivia Pan American Silver (Bolivia) S.A. 95% San Vicente mine Guatemala Pan American Silver Guatemala S.A. 100% Escobal mine Argentina Minera Tritón Argentina S.A. 100% Manantial Espejo Estelar Resources S.A. 100% Cerro Moro mine (1) Minera Argenta S.A. 100% Navidad project (1) Mines and projects from the Acquisition (Note 8). d) 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 Statements of Earnings and Comprehensive Earnings ("SOE"). 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 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. e) 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. f) Financial instruments Financial assets and financial liabilities are recognized in the Company’s Consolidated Statements of Financial Position ("SFP") when the Company becomes a party to the contractual provisions of the instrument. i) Financial assets On initial recognition, a financial asset is classified as measured at: amortized cost, fair value through other comprehensive income ("FVTOCI"), or FVTPL. Financial assets at FVTPL are initially measured at fair value and those at amortized cost or FVTOCI are initially measured at fair value plus transaction costs. Subsequent measurement of financial assets and liabilities depends on the classifications of such assets and liabilities. Amortized cost: Financial assets that meet the following conditions are measured subsequently at amortized cost: • The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and • The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using effective interest method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. Interest income is recognized using the effective interest method. Interest income is recognized in Interest and finance expense in the SOE. The Company's financial assets at amortized cost primarily include cash and cash equivalents and, receivables not arising from sale of metal concentrates (included in Trade and other receivables) in the SFP (Note 10(a)). FVTOCI: Financial assets that meet the following conditions are measured at FVTOCI: • The financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and • The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding; or • The Company may make an irrevocable election at initial recognition for particular investments in equity instruments that would otherwise be measured at FVTPL to present subsequent changes in fair value in Other Comprehensive Income ("OCI"). At initial recognition, the Company made an irrevocable election to measure all the investments acquired from Yamana at FVTOCI (Note 10(c)). FVTPL: By default, all other financial assets are measured subsequently at FVTPL. 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 10(e)(ii). The Company's financial assets at FVTPL include its trade receivables from provisional concentrate sales, investments in equity securities not designated as FVTOCI, derivative assets not designated as hedging instruments, and contingent consideration receivable. ii) 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 as a direct reduction in equity. No gain or loss is recognized in the SOE on the purchase, sale, issue or cancellation of the Company’s own equity instruments. Classification of financial liabilities Financial liabilities other than those which are 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 FVTPL. g) Derivative financial instruments The Company utilizes foreign currency and commodity 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. h) 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 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 reported and then smelted to produce doré bars. The costs incurred in the construction of heap leach pads are capitalized to Mineral Properties, Plant and Equipment. 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 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 either gold or 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. i) 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. 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 net carrying amounts of MPPE are reviewed for impairment either individually or at the cash-generating unit ("CGU") 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 charge. In countries where the Company paid Value Added Tax (“VAT”) and where there is uncertainty of its recoverability, the VAT payments have either been capitalized to mineral property costs relating to the property or expensed if it relates to mineral exploration. If the Company ultimately recovers previously capitalized 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 or ceases to have a future economic benefit, it is derecognized and the difference between its carrying value and net sales proceeds is recorded as gain or loss on disposal in the SOE. j) 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 capitalized. Costs associated with commissioning activities on constructed plants are capitalized from the date of mechanical completion of the facilities until the date the Company is ready to commence commercial production. These costs are then amortized using the units-of-production ("UOP") 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. 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. k) 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 SFP 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) UOP 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 UOP basis. In applying the UOP 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 UOP basis and/or straight-line basis as follows: • Land – not depreciated • Mobile equipment – 2 to 10 years • Buildings and plant facilities – 10 to 50 years • Mining properties and leases including capitalized evaluation and development expenditures – based on applicable reserves on a UOP basis. • Exploration and evaluation – not depreciated until mine goes into production • Assets under construction – not depreciated until assets are ready for their intended use l) 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 Reserve and Resources within MPPE, in accordance with Note 3(j), once the technical feasibility and commercial viability are demonstrated. m) 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 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. Non-financial assets other than goodwill that have suffered impairment are tested for possible reversal of the impairment whenever events or changes in circumstances indicate that the impairment may have reversed. n) 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 oper

Changes in Accounting Standards

Changes in Accounting Standards	12 Months Ended
Changes in Accounting Standards	Dec. 31, 2024
Disclosure of significant accounting policies [Abstract]
Changes in Accounting Standards	4. CHANGES IN ACCOUNTING STANDARDS New and amended IFRS Accounting Standards that are effective for the current period Classification of Liabilities as Current or Non-Current (Amendments to IAS 1) Effective January 1, 2024, the Company implemented Amendments to IAS 1 which provides clarification on the presentation of liabilities. The classification of liabilities as current or non- current is based on contractual rights that are in existence at the end of the reporting period and is affected by expectations about whether an entity will exercise its right to defer settlement. A liability not due over the next twelve months is classified as non-current even if management intends or expects to settle the liability within twelve months. The amendment also introduces a definition of ‘settlement’ to make clear that settlement refers to the transfer of cash, equity instruments, other assets, or services to the counterparty. The amendments also clarify how conditions with which an entity must comply within twelve months after the reporting period affect the classification of a liability. Covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. The implementation of this amendment did not have a material impact on the Company. New and amended IFRS Accounting Standards not yet effective in the current period Certain new accounting standards and interpretations have been published that are not mandatory for the current period and have not been early adopted. IFRS 18 - Presentation and Disclosure in Financial Statements In April 2024, IFRS 18 Presentation and Disclosure in Financial Statements was released. IFRS 18 replaces IAS 1 Presentation of Financial Statements while carrying forward many of the requirements in IAS 1. IFRS 18 introduces new requirements to: i) present specified categories and defined subtotals in the statement of earnings, ii) provide disclosures on management-defined performance measures ("MPMs") in the notes to the financial statements, iii) improve aggregation and disaggregation. Some of the requirements in IAS 1 are moved to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and IFRS 7 Financial Instruments: Disclosures. The IASB also made minor amendments to IAS 7 Statement of Cash Flows and IAS 33 Earnings per Share in connection with the new standard. IFRS 18 requires retrospective application with specific transition provisions. The Company is required to apply IFRS 18 for annual reporting periods beginning on or after January 1, 2027 with early adoption permitted. The Company is currently evaluating the impact of IFRS 18 on its financial statements. Lack of Exchangeability (Amendments to IAS 21) The amendments contain guidance to specify when a currency is exchangeable and how to determine the exchange rate when it is not. The amendments are effective for annual reporting periods beginning on or after January 1, 2025. The Company is currently evaluating the impact of this amendment.

Significant Judgments in Applyi

Significant Judgments in Applying Accounting Policies	12 Months Ended
Significant Judgments in Applying Accounting Policies	Dec. 31, 2024
Disclosure of significant accounting policies [Abstract]
Significant Judgments 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) 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 MPPE 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 curr ent economics can result in a write-down or write-up of the carrying amounts of the Company’s mining interests. In the year ended December 31, 2024, no impairment indicators were identified and $nil impairment charges were incurred. In the year ended December 31, 2023, the Company identified indicators of impairment at the Morococha mine and Shahuindo's crushing and agglomeration plant (Note 15) and incurred impairment charges of $78.6 million. d) Yamana Acquisition Business Combination Management has concluded that Yamana constitutes a business and, therefore, the acquisition is accounted for in accordance with IFRS 3 - Business Combinations . Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value.

Key Sources of Estimation Uncer

Key Sources of Estimation Uncertainty in the Application of Accounting Policies	12 Months Ended
	Dec. 31, 2024
Disclosure of significant accounting policies [Abstract]
Key Sources of Estimation 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 29, 2019 ”, prepared by the Canadian Institute of Mining, Metallurgy and Petroleum Mineral Resource and Mineral Reserve Committee. 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 SOE, 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 12 for details. • Depreciation and amortization rates for MPPE: 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 SOE prospectively. A change in the mineral reserve estimate for assets depreciated using the UOP 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, and the Company's learned experience in decommissioning assets. Refer to Note 18 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 rates and 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. Refer to Note 29 for further discussion on income taxes. • Accounting for acquisitions: The fair value of assets acquired, liabilities assumed and the resulting goodwill, if any, require that management make certain judgement and estimates taking into account information available at the time of acquisition about future events, including, but not limited to, estimates of mineral reserves and resources acquired, exploration potential, future operating costs and capital expenditures, future metal prices, long-term foreign exchange rates, discount rates and tax rates. • 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 30 for further discussion on contingencies.

Management of Capital

Management of Capital	12 Months Ended
Management of Capital	Dec. 31, 2024
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 $4.7 billion as at December 31, 2024 (2023 - $4.8 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, 2023.

Yamana Acquisition

Yamana Acquisition	12 Months Ended
Yamana Acquisition	Dec. 31, 2024
Disclosure of detailed information about business combination [abstract]
Yamana Acquisition	8. YAMANA ACQUISITION On March 31, 2023, the Company completed the acquisition of 100% of the issued and outstanding shares of Yamana for consideration of 153.8 million Pan American Common Shares, which were valued at approximately $2.8 billion based on the closing price of the shares on March 30, 2023 (the "Acquisition"). After this share issuance, Pan American shareholders owned approximately 58%, while former Yamana shareholders owned approximately 42%, of the shares of the combined company. As a result of the Acquisition, the Company received $259.5 million in cash and cash equivalents from Yamana. The Company began consolidating the operating results, cash flows and net assets of Yamana from March 31, 2023 onwards. The Company sought to increase production of silver and gold, expand its mineral reserves, mine life and growth opportunities through the acquisition of Yamana's diverse portfolio of mines and projects, including the following principal mines: Jacobina in Brazil; El Peñon and Minera Florida in Chile; and Cerro Moro in Argentina. The Company had a measurement period of up to one year from the acquisition date to determine the acquisition date fair value of the acquired assets and liabilities. The acquisition date fair values were finalized during the year ended December 31, 2023. For the year ended December 31, 2023, from the date of acquisition on March 31, 2023, the assets acquired from Yamana contributed $916.1 million of revenue and $6.5 million of net earnings. Had the transaction occurred January 1, 2023, Yamana would have contributed revenue of $1,198.3 million and pre-tax net income of $30.6 million for the year ended December 31, 2023. Total consideration: Nature of consideration Shares (in millions) Consideration Pan American Shares (1) 153.8 $ 2,823.0 (1) The Pan American Share consideration value is based on an assumed value of $18.36 per share (based on the closing price of the common shares of Pan American on NASDAQ on March 30, 2023). Allocation of the purchase price: Acquisition date fair value Assets acquired Cash and cash equivalents $ 259.5 Investments 59.5 Accounts receivable (1) 20.4 Income tax receivables 19.4 Value added tax receivables 54.0 Inventories 247.5 Mineral properties, plant and equipment 5,054.4 Other assets 59.4 Liabilities assumed Accounts payable (215.3) Income tax payables (22.4) Provision for closure and decommissioning liabilities (244.0) Litigation provisions (34.6) Lease obligations (81.4) Debt (2) (927.6) Other long-term liabilities (59.7) Deferred taxes (881.2) Net assets acquired 3,307.9 Non-controlling interests (3) (484.9) Net assets attributable to Pan American $ 2,823.0 (1) Trade receivables acquired had a fair value of $0.5 million, which was equal to their gross contractual value. Other receivables acquired had a fair value of $19.9 million. Trade and other receivables acquired were substantially collected during the year ended December 31, 2023. (2) Debt acquired included: 1. two senior notes with a fair value of $675.2 million (Note 20); 2. a revolving credit facility with a fair value of $205 million, which was immediately repaid on Acquisition Date (Note 20); 3. the MARA loan with a fair value of $37.0 million which was disposed as part of the MARA disposition (Note 9) (Note 20); and 4. Short-term loan in Jacobina with a fair value of $10.4 million that was repaid during the year ended December 31, 2023 (Note 20). (3) Non-controlling interests were measured at the proportionate share in the identifiable net assets recognized. The Company recorded acquisition related costs of $nil for the year ended December 31, 2024 (2023 - $25.3 million).

Dispositions

Dispositions	12 Months Ended
Dispositions	Dec. 31, 2024
Disposal Groups [Abstract]
Dispositions	9. DISPOSITIONS For the year ended December 31, 2024 La Arena Cash proceeds (1) $ 306.6 Net smelter return royalty 29.7 Contingent consideration 36.8 Net proceeds 373.1 Cash and cash equivalents 16.2 Trade and other receivables 29.6 Inventories 134.2 Mineral properties, plant and equipment 223.2 Other assets 0.1 Accounts payable and accrued liabilities (55.1) Other current liabilities (15.6) Provisions (86.5) Other long term liabilities (12.3) Net assets attributable to Pan American 233.8 Less: Net Proceeds 373.1 Add: Costs directly attributable to the disposal 1.9 Gain on disposal $ 137.4 (1) Includes $61.6 million of estimated net closing cash and preliminary working capital adjustments. La Arena Sale On May 1, 2024, the Company announced that it agreed to sell its 100% interest in La Arena to Zijin. On December 2, 2024 (the "Closing Date"), the Company completed the disposition. In accordance with the share purchase agreement for the sale of La Arena ("SPA"), the Company received total cash proceeds of $306.6 million, which was comprised of $245.0 million of cash consideration, estimated net closing cash (Closing Date cash less Closing Date indebtedness), and an estimated net working capital amount, as defined in the SPA. The net working capital is subject to final adjustments as provided in the SPA. Additionally, Zijin granted the Company a life-of-mine gold net smelter return royalty ("La Arena NSR") of 1.5% for the La Arena II project, and contingent consideration of $50.0 million payable in cash ("Contingent Consideration") contingent upon the commencement of commercial production from the La Arena II project. The Contingent Consideration is also subject to certain adjustments as provided in the SPA relating to closure costs of the La Arena mine. The Company recorded the La Arena NSR at a fair value of $29.7 million upon initial recognition. The fair value of the La Arena NSR was estimated using a discounted future cash flow model ("DCF"). The key assumptions in the DCF included: production metrics and duration based on the preliminary feasibility study for the La Arena II Project; prevailing consensus metal prices as at the Closing Date; and, an 8.0% discount rate based on a weighted average cost of capital ("WACC") adjusted for specific risks for the La Arena NSR. The Company recorded the Contingent Consideration at a fair value of $36.8 million upon initial recognition. The fair value was estimated using a DCF by applying assumptions consistent with those applied for the La Arena NSR valuation, and a 7.5% discount rate based on a WACC adjusted for specific risks for the Contingent Consideration. Given that the payment is contingent on the successful commencement of commercial production, the Contingent Consideration is classified as a financial asset, measured at FVTPL, in accordance with IFRS 9 - Financial Instruments (Note 10) and its fair value shall be subsequently re-measured at the end of each reporting period with changes recognized in the SOE. For the year ended December 31, 2023 MARA Morococha ADLF Total Cash proceeds (1) $ 475.0 $ 28.6 $ 45.5 $ 549.1 Net smelter return royalty 90.0 — 11.1 101.1 Net proceeds 565.0 28.6 56.6 650.2 Cash and cash equivalents 188.4 5.6 0.1 194.1 Other current assets 9.1 4.8 0.1 14.0 Mineral properties, plant and equipment 1,400.5 35.8 142.2 1,578.5 Other non-current assets 3.1 0.8 — 3.9 Current liabilities (27.0) (11.6) (0.4) (39.0) Provisions (133.2) (11.2) (3.7) (148.1) Deferred tax liabilities (380.4) (0.1) (38.8) (419.3) Long-term debt (31.5) — — (31.5) Other long-term liabilities (19.3) (0.1) — (19.4) Net carrying amount 1,009.7 24.0 99.5 1,133.2 Non-controlling interest (444.7) (2.1) (42.9) (489.7) Net assets attributable to Pan American 565.0 21.9 56.6 643.5 Less: net proceeds 565.0 28.6 56.6 650.2 Gain on disposal $ — $ 6.7 $ — $ 6.7 (1) The Morococha sale cash consideration includes $3.6 million related to final working capital adjustments.

Financial Instruments

Financial Instruments	12 Months Ended
Financial Instruments	Dec. 31, 2024
Financial instruments [Abstract]
Financial Instruments	10. FINANCIAL INSTRUMENTS a) Financial assets and liabilities by categories: December 31, 2024 Amortized cost FVTPL FVTOCI Total Financial Assets: Cash and cash equivalents $ 862.8 $ — $ — $ 862.8 Trade receivables from provisional concentrates sales (1) — 31.2 — 31.2 Receivable not arising from sale of metal concentrates (1) 127.3 — — 127.3 Investments — 23.7 0.8 24.5 Contingent Consideration (Note 9) (2) — 36.8 — 36.8 $ 990.1 $ 91.7 $ 0.8 $ 1,082.6 Financial Liabilities: Derivative liabilities $ — $ 12.8 $ — $ 12.8 Debt $ 708.8 $ — $ — $ 708.8 (1) Included in Trade and other receivables. (2) Included in Other long-term assets. December 31, 2023 Amortized cost FVTPL FVTOCI Total Financial Assets: Cash and cash equivalents $ 399.6 $ — $ — $ 399.6 Trade receivables from provisional concentrates sales (1) — 17.5 — 17.5 Receivable not arising from sale of metal concentrates (1) 110.1 — — 110.1 Investments — 38.1 3.2 41.3 Derivative assets (2) — 6.9 — 6.9 $ 509.7 $ 62.5 $ 3.2 $ 575.4 Financial Liabilities: Derivative liabilities $ — $ 0.1 $ — $ 0.1 Debt $ 703.7 $ — $ — $ 703.7 (1) Included in Trade and other receivables. (2) Included in Other assets and Other liabilities. b) Investments recorded at FVTPL A portion of the Company’s investments are recorded at FVTPL. The losses from investments recorded at FVTPL for the year ended December 31, 2024 and 2023 were as follows: 2024 2023 Unrealized losses on investments $ (14.3) $ (6.5) Realized gains on investments — 1.0 $ (14.3) $ (5.5) c) Investments recorded at FVTOCI A portion of the Company's investments are recorded at FVTOCI. The losses from the Company's investments recorded at FVTOCI for the year ended December 31, 2024 and 2023 were as follows: 2024 2023 Unrealized losses on investments $ (0.5) $ (5.4) Realized gains (losses) on investments (1) 0.1 (18.8) $ (0.4) $ (24.2) (1) Excludes income tax expense of $nil, recorded through OCI, related to investments for the year ended December 31, 2024 (2023 - $0.5 million). d) Derivative instruments The Company's derivatives are comprised of foreign currency and commodity contracts. The losses and gains on derivatives for the year ended December 31, 2024 and 2023 were comprised of the following: 2024 2023 Realized (losses) gains on derivatives $ (5.5) $ 13.8 Unrealized losses on derivatives (19.6) (5.5) $ (25.1) $ 8.3 e) 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 SFP at fair value on a recurring basis were categorized as follows: At December 31, 2024 At December 31, 2023 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets and Liabilities: Investments (Note 11) $ 24.5 $ — $ — $ 41.3 $ — $ — Trade receivables from provisional concentrate sales — 31.2 — — 17.5 — Derivative assets (1) — — — — 6.9 — Contingent Consideration (Note 9) (1) — — 36.8 — — — Derivative liabilities — (12.8) — — (0.1) — $ 24.5 $ 18.4 $ 36.8 $ 41.3 $ 24.3 $ — (1) Included in Other assets and Other liabilities. 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, 2023. ii) Valuation Techniques Investments The Company’s 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 equity securities is calculated using 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 classified within Level 2 of the fair value hierarchy and valued using observable market prices. Receivables from provisional concentrate sales A portion of the Company’s trade receivables arose from provisional concentrate sales and are classified within Level 2 of the fair value hierarchy and 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. Contingent Consideration The Contingent Consideration receivable from the disposition of La Arena is contingent upon successful commencement of commercial production at the La Arena II project and is classified within Level 3 of the fair value hierarchy and valued using a DCF (Note 9). The key unobservable inputs, which are not materially sensitive, include the estimated time to commercial production and the risk-adjusted WACC. f) 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 Minera Florida, Huaron, 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, 2024, the Company had receivable balances associated with buyers of its concentrates of $31.2 million (2023 - $17.5 million). The vast majority of the Company’s concentrate is sold to a limited number of concentrate buyers. Doré production from Jacobina, El Peñon, Minera Florida, Cerro Moro, La Colorada, Dolores, Shahuindo and Timmins is refined under long-term agreements with fixed refining terms at eleven 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, 2024, the Company had approximately $68.8 million (2023 - $10.8 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 at various stages from mine site to refinery. 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. 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, which is uncommon as payments are predominantly concurrent with the sale. 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, 2024, we had made $6.7 million of supplier advances (2023 - $10.4 million), which are reflected in “Trade and other receivables” on the SFP. Management constantly monitors and assesses the credit risk resulting from its refining arrangements, concentrate sales and commodity contracts with its refiners, supplier advances, 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 $ 862.8 $ 399.6 Trade accounts receivable (1) 31.2 17.5 Supplier advances (1) 6.7 10.4 (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 an entity will not be able to meet its financial obligations as they come due. The Company has in place a rigorous planning, budgeting and forecasting process to help determine the funds required to support the Company’s normal operating requirements on an ongoing basis, its expansionary plans and its dividend distributions. The Company ensures that sufficient committed loan facilities exist to meet its short-term business requirements, taking into account its anticipated cash flows from operations and its holdings of cash and cash equivalents. There was no material change to the Company's exposure to liquidity risk for the years ended December 31, 2024 and 2023. 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 December 31, 2024 Within 1 year 2 - 3 years 4- 5 years After 5 years Total Accounts payable and accrued liabilities other than: $ 471.4 $ — $ — $ — $ 471.4 Severance liabilities 7.6 12.5 7.9 32.4 60.4 Payroll liabilities 10.4 — — — 10.4 Total accounts payable and accrued liabilities 489.4 12.5 7.9 32.4 542.2 Income tax payables 102.1 — — — 102.1 Other liabilities 12.8 — — — 12.8 Debt Repayment of principal 6.8 282.5 — 419.5 708.8 Interest and standby fees 28.9 56.8 28.5 21.4 135.6 Provisions (1)(2) 5.4 9.0 2.4 7.3 24.1 Future payroll liabilities 1.7 27.0 — 2.7 31.4 Total contractual obligations (2) $ 647.1 $ 387.8 $ 38.8 $ 483.3 $ 1,557.0 (1) Total litigation provision (Note 18). (2) Amounts above do not include payments related to closure and decommissioning (current $27.7 million, long-term $410.6 million) discussed in Note 18, and lease obligations discussed in Note 19. Payments due by period December 31, 2023 Within 1 year 2 - 3 years 4- 5 years After 5 years Total Accounts payable and accrued liabilities other than: $ 491.0 $ — $ — $ — $ 491.0 Severance liabilities 2.1 17.2 9.0 32.2 60.5 Payroll liabilities 4.9 — — — 4.9 Total accounts payable and accrued liabilities 498.0 17.2 9.0 32.2 556.4 Income tax payables 32.1 — — — 32.1 Debt Repayment of principal 6.7 11.9 275.3 409.8 703.7 Interest and standby fees 29.1 57.6 43.4 34.5 164.6 Provisions (1)(2) 4.0 14.0 1.2 7.7 26.9 Future payroll liabilities 2.5 17.0 — 1.8 21.3 Total contractual obligations (2) $ 572.4 $ 117.7 $ 328.9 $ 486.0 $ 1,505.0 (1) Total litigation provision (Note 18). (2) Amounts above do not include payments related to closure and decommissioning (current $37.6 million, long-term $409.5 million) discussed in Note 18, and lease obligations discussed in Note 19. iii) Market Risk 1. Currency Risk The Company reports its Consolidated 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. The Company’s net earnings are affected by the revaluation of its monetary assets and monetary liabilities at each SFP 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 tax assets and 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, 2024 non-USD net monetary liabilities were denominated would result in an income before taxes change of about $70.9 million (2023 - $69.0 million). The Company is exposed to currency risk through the following financial assets and liabilities, and deferred tax assets and liabilities denominated in foreign currencies: At December 31, 2024 Cash and investments Other current and Income taxes Accounts payable Deferred tax Canadian dollar $ 40.3 $ 6.5 $ (7.2) $ (67.2) $ (8.6) Mexican peso 7.9 19.9 12.8 (28.4) 12.7 Argentine peso 0.1 43.6 0.6 (73.7) (10.4) Bolivian boliviano 10.0 8.7 (18.0) (7.0) (0.2) European euro — — — (0.1) — Peruvian sol 2.9 25.2 (31.6) (39.8) (55.3) Guatemala quetzal 0.1 0.1 — (6.2) — Chilean peso 6.6 5.5 (15.9) (77.1) (61.3) Brazilian real 1.1 3.9 (14.5) (42.9) (352.4) $ 69.0 $ 113.4 $ (73.8) $ (342.4) $ (475.5) At December 31, 2023 Cash and investments Other current and Income taxes Accounts payable Deferred tax Canadian dollar $ 47.6 $ 4.6 $ 8.0 $ (56.1) $ 12.0 Mexican peso 3.2 14.3 11.4 (54.0) 33.9 Argentine peso 0.4 21.5 — (79.0) (12.1) Bolivian boliviano 9.2 8.0 (7.0) (7.6) (3.8) European euro 0.1 — (2.2) (0.1) — Peruvian sol 6.1 22.0 5.1 (87.2) (68.1) Guatemala quetzal 0.2 0.1 (0.1) (9.6) — Chilean peso 1.2 7.2 18.5 (75.9) (89.8) Brazilian real 0.4 5.6 (5.4) (39.3) (333.3) $ 68.4 $ 83.3 $ 28.3 $ (408.8) $ (461.2) At December 31, 2024, the Company had outstanding positions on its foreign currency exposure of Mexican peso ("MXN"), Peruvian sol ("PEN"), Canadian dollar ("CAD"), Chilean peso ("CLP") and Brazilian real ("BRL") purchases. The Company recorded the following derivative losses and gains on currencies for the year ended December 31, 2024 and 2023: 2024 2023 Mexican peso (losses) gains $ (2.7) $ 2.5 Peruvian sol gains 0.2 2.9 Canadian dollar (losses) gains (5.5) 4.1 Chilean peso losses (6.4) (3.0) Brazilian real (losses) gains (11.0) 1.2 $ (25.4) $ 7.7 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, 2024 on its cash and investments was 3.0% (2023 - 3.2%). A 10% increase or decrease in the interest earned from financial institutions on cash and investments would result in a $1.2 million change in the Company’s earnings before income taxes (2023 – $1.6 million). As at December 31, 2024 the Company has $nil (2023- $nil) drawn under its $750.0 million Sustainability-Linked Credit Facility (“SL-Credit Facility”), with a maturity date of November 24, 2028 (Note 20). The SL-Credit Facility incurred a weighted average interest rate of nil% (2023- 5.7%) during the year ended December 31, 2024 on amounts drawn. The Company has two senior notes (see Note 20): senior notes with a fixed 4.625% coupon and maturing in December 2027; and senior notes with a fixed 2.63% coupon and maturing in August 2031 (collectively "Senior Notes"). As the Senior Notes bear interest at fixed rates, they are not subject to significant interest rate risk. 3. Price Risk Metal price risk is the risk that changes in metal prices will affect the Company’s revenue 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 policy is to not hedge the price of precious metals. A 10% increase in all metal prices as at December 31, 2024, would result in an increase of approximately $281.3 million (2023 – $233.6 million) in the Company’s annual revenues. A 10% decrease in all metal prices as at the same period would result in a decrease of approximately $282.5 million (2023 - $235.7 million) in the Company’s annual revenues. The Company also enters into provisional concentrate contracts to sell the silver, 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 SFP date. A 10% increase (decrease) in metals prices on open positions of zinc, lead, copper and silver for provisional concentrate contracts for the year ended December 31, 2024 would result in $5.3 million increase (decrease) (2023 - $3.3 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.

Investments

Investments	12 Months Ended
Investments	Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]
Investments	11. INVESTMENTS December 31, 2024 December 31, 2023 Fair Value Cost Accumulated Fair Value Cost Accumulated unrealized holding gains Investments $ 24.5 $ 34.9 $ (10.4) $ 41.3 $ 37.3 $ 4.0

Inventories

Inventories	12 Months Ended
Inventories	Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]
Inventories	12. INVENTORIES Inventories consist of: December 31, December 31, Concentrate inventory $ 31.8 $ 21.3 Stockpile ore 67.8 67.2 Heap leach inventory and in process 223.5 338.6 Doré and finished inventory 131.1 121.1 Materials and supplies 180.9 191.2 Total inventories 635.1 739.4 Less: current portion of inventories (605.7) (711.6) Non-current portion inventories (1) $ 29.4 $ 27.8 (1) Includes $22.1 million (2023 - $20.5 million) in supplies at the Escobal mine, which have been classified as non-current pending the restart of operations. Total inventories held at net realizable value amounted to $76.2 million at December 31, 2024 (2023 – $170.0 million). The Company recorded write-downs of $71.3 million for the year ended December 31, 2024 (2023 – recoveries of $31.8 million), which were related primarily to heap leach inventories, $50.7 million of which was included in depreciation and amortization (Note 14), and the remaining $20.6 million was included in production costs (Note 23). A portion of the stockpile ore amounting to $nil (2023 - $0.7 million) and a portion of the heap leach inventory amounting to $4.1 million (2023 - $70.1 million) is expected to be recovered or settled after more than twelve months.

Other Assets

Other Assets	12 Months Ended
Other Assets	Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]
Other Assets	13. OTHER ASSETS Other assets consist of: December 31, December 31, Insurance prepaids $ 7.8 $ 7.4 Other prepaids 23.8 22.3 Derivative assets — 6.9 $ 31.6 $ 36.6

Mineral Properties, Plant and E

Mineral Properties, Plant and Equipment	12 Months Ended
Mineral Properties, Plant and Equipment	Dec. 31, 2024
Property, plant and equipment [abstract]
Mineral Properties, Plant and Equipment	14. MINERAL PROPERTIES, 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, 2024 Net of accumulated depreciation $ 2,412.5 $ 1,632.1 $ 632.2 $ 998.3 $ 5,675.1 Additions 287.5 21.6 2.1 83.2 394.4 Net smelter return royalty acquired (Note 9) — — 29.7 — 29.7 Disposals (1.0) (0.8) — (6.7) (8.5) Disposition of subsidiaries (Note 9) (103.7) — (117.0) (2.5) (223.2) Depreciation and amortization (1)(2) (312.2) (1.4) — (208.8) (522.4) Depreciation charge captured in inventory (41.0) — — — (41.0) Transfers (131.4) (26.3) (36.7) 194.4 — Closure and decommissioning – changes in estimate (Note 18) 21.0 — — — 21.0 As at December 31, 2024 $ 2,131.7 $ 1,625.2 $ 510.3 $ 1,057.9 $ 5,325.1 Cost as at December 31, 2024 $ 4,244.5 $ 2,496.7 $ 562.9 $ 2,192.4 $ 9,496.5 Accumulated depreciation and impairments (2,112.8) (871.5) (52.6) (1,134.5) (4,171.4) Carrying value – December 31, 2024 $ 2,131.7 $ 1,625.2 $ 510.3 $ 1,057.9 $ 5,325.1 (1) Includes $1.4 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2024. (2) Excludes $50.7 million of depreciation and amortization related to the net realizable value adjustments on inventories (Note 12). Mining Properties Depletable Non-depletable Reserves Reserves Exploration Plant and Total Carrying value As at January 1, 2023 Net of accumulated depreciation $ 962.7 $ 442.2 $ 428.5 $ 393.0 $ 2,226.4 Additions 315.5 21.0 25.2 71.5 433.2 Yamana acquisition (Note 8) 1,474.1 2,667.8 205.4 707.1 5,054.4 Net smelter return royalties acquired (Note 9) — — 101.1 — 101.1 Disposals (1.4) — (0.1) (6.5) (8.0) Disposition of subsidiaries (Note 9) — (1,436.4) (142.1) — (1,578.5) Depreciation and amortization (1) (297.2) (1.8) — (187.0) (486.0) Depreciation charge captured in inventory (0.2) — — — (0.2) Impairment charge (Note 15) 10.3 (42.4) — (46.5) (78.6) Transfers (62.6) (18.3) 14.2 66.7 — Closure and decommissioning – changes in estimate (Note 18) 11.3 — — — 11.3 As at December 31, 2023 $ 2,412.5 $ 1,632.1 $ 632.2 $ 998.3 $ 5,675.1 Cost as at December 31, 2023 $ 4,348.5 $ 2,531.4 $ 687.1 $ 2,052.6 $ 9,619.6 Accumulated depreciation and impairments (1,936.0) (899.3) (54.9) (1,054.3) (3,944.5) Carrying value – December 31, 2023 $ 2,412.5 $ 1,632.1 $ 632.2 $ 998.3 $ 5,675.1 (1) Includes $1.8 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2023. December 31, 2024 December 31, 2023 Cost Accumulated Carrying Cost Accumulated Carrying Producing: Brazil Jacobina $ 1,617.2 $ (200.1) $ 1,417.1 $ 1,539.1 $ (85.5) $ 1,453.6 Chile El Peñon 496.3 (121.6) 374.7 477.7 (56.7) 421.0 Minera Florida 183.1 (28.9) 154.2 167.6 (15.9) 151.7 Peru Huaron 337.5 (159.1) 178.4 261.6 (146.1) 115.5 Shahuindo 724.6 (331.0) 393.6 690.6 (265.7) 424.9 La Arena — — — 307.9 (178.8) 129.1 Mexico La Colorada 473.8 (241.0) 232.8 443.4 (224.8) 218.6 Dolores 1,748.3 (1,744.1) 4.2 1,777.5 (1,680.7) 96.8 Argentina Cerro Moro (1) 161.8 (61.1) 100.7 142.5 (22.9) 119.6 Bolivia San Vicente 165.6 (136.5) 29.1 160.7 (127.8) 32.9 Canada Timmins 445.3 (197.1) 248.2 400.7 (165.8) 234.9 Other 83.4 (26.9) 56.5 31.9 (19.6) 12.3 $ 6,436.9 $ (3,247.4) $ 3,189.5 $ 6,401.2 $ (2,990.3) $ 3,410.9 Non-Producing: Land $ 13.6 $ (1.0) $ 12.6 $ 14.4 $ (1.0) $ 13.4 Brazil Jacobina 952.4 — 952.4 982.6 — 982.6 Chile El Peñon (2) 227.7 — 227.7 227.7 — 227.7 Minera Florida 28.9 — 28.9 28.9 — 28.9 La Pepa (2) 49.7 — 49.7 49.7 — 49.7 Peru La Arena — — — 117.0 — 117.0 Mexico Minefinders 77.2 (37.5) 39.7 77.2 (37.5) 39.7 La Colorada 139.1 — 139.1 119.1 — 119.1 Argentina Manantial Espejo (3) 493.0 (493.0) — 518.4 (518.4) — Navidad 566.6 (376.2) 190.4 566.6 (376.2) 190.4 Guatemala Escobal 260.6 (5.1) 255.5 257.2 (3.8) 253.4 Canada Timmins 67.9 — 67.9 62.9 — 62.9 Other (4)(5) 182.9 (11.2) 171.7 196.8 (17.4) 179.4 $ 3,059.6 $ (924.0) $ 2,135.6 $ 3,218.5 $ (954.3) $ 2,264.2 Total $ 9,496.5 $ (4,171.4) $ 5,325.1 $ 9,619.7 $ (3,944.6) $ 5,675.1 (1) Includes a commitment to Sandstorm Gold Ltd. ("Sandstorm") to deliver, for 30% of the spot silver price, 20% of the silver produced by Cerro Moro up to a maximum of 1.2 million ounces annually until 7.0 million ounces have been delivered, after which the Company is committed to deliver to Sandstorm 9% of the remaining life of mine silver production for 30% of the spot silver price. As at December 31, 2024, the Company delivered 6.7 million ounces. (2) Includes net smelter royalty interests on the Jeronimo Project ($11.1 million) (2023: $11.1 million). (3) Manantial Espejo was placed on care and maintenance in January 2023. (4) Includes net smelter royalty interests on the MARA Project ($90.0 million) (2023: $90.0 million) . (5)

Impairment

Impairment	12 Months Ended
Impairment	Dec. 31, 2024
Impairment and Reversal of Impairment and Goodwill [Abstract]
Impairment	15. IMPAIRMENT The Company's impairment expense in respect of the following CGUs were as follows: 2024 2023 Shahuindo $ — $ 36.2 Morococha — 42.4 $ — $ 78.6 The Company reviews each of its CGUs, represented by its principal producing mining properties and significant development projects, for indicators of impairment or impairment reversal each period end. The CGU carrying amount for purposes of this assessment includes the carrying value of the mineral properties plant and equipment and goodwill less deferred tax liabilities and closure and decommissioning liabilities related to each CGU. 2023 Indicators of Impairment a. Shahuindo In the fourth quarter of 2023 the Company determined that the non-operating crushing and agglomeration plant located at the Shahuindo operation (the "C&A Plant") would not be used during the planned Shahuindo life of operations, and plans were established to commence dismantling the C&A Plant in 2024. This decision was partially informed by the beneficial tax treatment of dismantling the C&A Plant. Based on this decision a $36.2 million impairment charge was recorded to fully impair the value of the C&A Plant. b. Morococha In June 2023 the Company entered into a binding agreement to sell its interest in CMA, Pan American’s Peruvian subsidiary that owned the Morococha mine in Peru. In the second quarter of 2023 a pre-tax impairment charge of $42.4 million was recorded on the CMA net assets to bring the carrying value to the $25.0 million consideration amount (Note 9).

Other Long-Term Assets

Other Long-Term Assets	12 Months Ended
Other Long-Term Assets	Dec. 31, 2024
Miscellaneous non-current assets [abstract]
Other Long-Term Assets	16. OTHER LONG-TERM ASSETS Other long-term assets consist of: December 31, December 31, Long-term prepaids $ 23.1 $ 9.0 Contingent Consideration (Note 9) 36.8 — Escrow funds 6.2 9.9 Other 6.2 6.2 $ 72.2 $ 25.1

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	12 Months Ended
Accounts Payable and Accrued Liabilities	Dec. 31, 2024
Trade and other current payables [abstract]
Accounts Payable and Accrued Liabilities	17. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities consist of: December 31, 2024 December 31, 2023 Trade accounts payable (1) $ 194.4 $ 198.2 Royalty payables 38.2 30.1 Other accounts payable and accrued liabilities 118.7 144.2 Payroll and severance liabilities 107.7 85.0 Value added tax liabilities 10.7 9.6 Other tax payables 19.7 30.9 $ 489.4 $ 498.0 (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
Provisions	Dec. 31, 2024
Provisions [abstract]
Provisions	18. PROVISIONS 2024 2023 Reclamation obligations, opening balance $ 447.1 $ 296.2 Reclamation obligations from the Acquisition (Note 8) — 244.0 Dispositions (Note 9) (89.2) (129.9) Revisions in estimates and obligations 74.2 29.9 Expenditures (25.1) (27.3) Accretion expense (Note 25) 31.3 34.2 Reclamation obligations, closing balance $ 438.3 $ 447.1 Litigation 25.4 10.5 Litigation from the Acquisition — 34.6 Dispositions (Note 9) (1.3) (18.2) Total provisions $ 462.4 $ 474.0 Maturity analysis of total provisions: December 31, December 31, Current $ 35.3 $ 41.6 Non-current 427.1 432.4 $ 462.4 $ 474.0 Closure and Decommissioning Cost Provision The inflated and discounted provisions on the SFP as at December 31, 2024, using an inflation rate of 2.5% (2023 – between 1% and 5%) and discount rates of between 3% and 10% (2023 - between 3% and 11%), was $438.3 million (2023 - $447.1 million). Revisions made to the reclamation obligations in 2024 were primarily a result of 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. As the MPPE at certain operations in reclamation and closure have reached the end of their useful lives, updated studies were performed which resulted in changed plans, and accordingly $53.7 million (2023 - $15.7 million) of the revisions in mine reclamation obligations was recognized in the SOE with the balance of the revisions in mine reclamation obligations recognized in the cost of the associated MPPE. The accretion expense charged to 2024 earnings as finance expense was $31.3 million (2023 - $34.2 million). Reclamation expenditures paid during the current year were $25.1 million (2023 - $27.3 million). Litigation Provision The litigation provision, as at December 31, 2024 and 2023, consists primarily of amounts accrued for labour claims in the Company’s operating jurisdictions, along with certain other proceedings. The balance of $24.1 million at December 31, 2024 (2023 - $26.9 million) represents the Company’s present obligations related to known and potential claims for which payment is probable and the amount can be reliably estimated. The timing of any expected payments is uncertain as their determination is outside the control of the Company.

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2024
Disclosure of Leases [Abstract]
Leases	19. LEASES a. Right-of-Use ("ROU") assets The following table summarizes changes in ROU assets for the year ended December 31, 2024, which have been recorded in mineral properties, plant and equipment on the SFP: December 31, December 31, Opening net book value $ 105.0 $ 30.3 Additions 57.6 36.8 ROU assets from the Acquisition (Note 8) — 81.4 Depreciation (44.8) (39.2) Dispositions (2.1) (9.0) Other (9.4) 4.7 Closing net book value $ 106.3 $ 105.0 b. Lease obligations The following table presents a reconciliation of the Company's undiscounted cash flows at December 31, 2024 and December 31, 2023 to their present value for the Company's lease obligations: December 31, December 31, Within one year $ 45.8 $ 50.7 Between one and five years 49.1 53.1 Beyond five years 21.5 12.0 Total undiscounted lease obligations 116.4 115.8 Less future interest charges (21.9) (17.9) Total discounted lease obligations 94.5 97.9 Less: current portion of lease obligations (40.6) (45.7) Non-current portion of lease obligations $ 53.9 $ 52.2

Debt

Debt	12 Months Ended
Debt	Dec. 31, 2024
Borrowings [abstract]
Debt	20. DEBT December 31, 2023 Repayments Accrued Interest December 31, 2024 Senior note maturing December 2027 $ 273.8 $ — $ 2.1 $ 275.9 Senior note maturing August 2031 409.8 — 9.7 419.5 Other loans 20.1 (6.7) — 13.4 Less: current portion of debt $ (6.7) $ — $ — $ (6.8) Non-current portion of debt $ 697.0 $ (6.7) $ 11.8 $ 702.0 December 31, 2022 Proceeds Repayments Accrued Interest Other (2) The Acquisition (1) Dispositions December 31, 2023 Senior note maturing December 2027 $ — $ — $ — $ 1.5 $ — $ 272.3 $ — $ 273.8 Senior note maturing August 2031 — — — 6.9 — 402.9 — 409.8 SL-Credit Facility 160.0 315.0 (475.0) — — — — — Other loans (1) 33.7 — (228.5) 1.0 (7.0) 252.4 (31.5) 20.1 Less: current portion of debt $ (13.7) $ — $ — $ — $ — $ — $ — $ (6.7) Non-current portion of debt $ 180.0 $ 315.0 $ (703.5) $ 9.4 $ (7.0) $ 927.6 $ (31.5) $ 697.0 (1) In connection with the Acquisition, the Company acquired a loan in MARA ($37 million), a short term loan in Jacobina ($10.3 million) and revolving credit facility in Yamana Corp ($205.0 million). The MARA and Jacobina loans bore effective interest rates of 5.5%, and the revolving credit facility was immediately repaid at the date of Acquisition (Note 8). The Jacobina loan was repaid and the MARA loan was disposed of during the year ended December 31, 2023. (2) Includes a $7.0 million reclassification of debt at La Arena to accounts payables and accrued liabilities. Senior Notes As part of the Acquisition, the Company acquired the following Senior Notes: $283 million in aggregate principal with a 4.625% coupon and maturing in December 2027; and $500 million in aggregate principal with a 2.63% coupon and maturing in August 2031. These Senior Notes are unsecured with interest payable semi-annually. Each series of Senior Notes is redeemable, in whole or in part, at the Company's option, at any time prior to maturity, subject to make-whole provisions. The Senior Notes are accreted to the face value over their respective terms and were recorded at fair value upon acquisition using an effective interest rate of 5.52%. SL-Credit Facility The SL-Credit Facility has a limit of $750.0 million plus an accordion feature for up to an additional $250.0 million, which is available at the discretion of the lenders. As of December 31, 2024, the Company was in compliance with all financial covenants under the SL-Credit Facility, which was undrawn. The borrowing costs under the Company's SL-Credit Facility are based on the Company's credit ratings from Moody's and S&P Global's at either: (i) SOFR plus 1.25% to 2.40% or; (ii) The Bank of Nova Scotia's Base Rate on U.S. dollar denominated commercial loans plus 0.15% to 1.30%. Under the ratings based pricing, undrawn amounts under the SL-Credit Facility are subject to a stand-by fee of 0.23% to 0.46% per annum, dependent on the Company's credit rating and subject to pricing adjustments based on sustainability performance ratings and scores. The Company's SL-Credit Facility matures on November 24, 2028. The Company paid an effective interest rate of nil% ( 2023- 5.7% ) on the SL-Credit Facility during the year ended December 31, 2024. During the year ended December 31, 2024, the Company made net repayments on the SL-Credit Facility of $nil (2023 - $160.0 million). Other loans Construction loans In June 2021 and May 2022, the Company entered into Peruvian USD denominated five-year loans with a local financial institution in Peru for construction financing. The June 2021 loan bears a 3.6% interest rate per annum and requires quarterly repayments while the May 2022 loan bears 2.2% interest per annum and requires monthly repayments. As at December 31, 2024 the carrying value of all construction loans was $13.4 million (2023 - $20.1 million). For the year ended December 31, 2024, the Company pai d $2.0 million (2023 - $2.0 million) in standby charges on undrawn amounts related to the SL-Credit Facility and $35.3 million (2023 - $43.1 million) in interest, both included in interest and finance expense.

Other Long-Term Liabilities

Other Long-Term Liabilities	12 Months Ended
Other Long-Term Liabilities	Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]
Other Long-Term Liabilities	21. OTHER LONG-TERM LIABILITIES Other long term liabilities consist of: December 31, December 31, Deferred credit (1) $ 23.6 $ 21.6 Deferred revenue (2) 13.3 13.1 Severance liabilities (3) 57.5 58.5 $ 94.4 $ 93.2 (1) Represents the obligation to deliver future silver production of Navidad pursuant to a silver stream contract. (2) Represents the obligation to deliver 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. (3) Includes $49.6 million (2023 - $50.5 million) of Chilean severances, required by local labour laws, from the Acquisition (Note 8).

Share Capital and Employee Comp

Share Capital and Employee Compensation Plans	12 Months Ended
Share Capital and Employee Compensation Plans	Dec. 31, 2024
Disclosure of share-based payment arrangements [Abstract]
Share Capital and Employee Compensation Plans	22. SHARE CAPITAL AND EMPLOYEE COMPENSATION PLANS a. Stock options and compensation shares For the year ended December 31, 2024, the total share-based compensation expense relating to stock options and compensation shares was $0.4 million (2023 - $5.5 million) and is presented as a component of general and administrative expense. The following table summarizes changes in stock options for the years ended December 31: Stock Options Outstanding Weighted As at December 31, 2022 377.0 $ 23.01 Granted 167.1 21.18 Expired (14.4) 23.61 Forfeited (16.5) 25.39 As at December 31, 2023 513.2 $ 22.32 Exercised (100.9) 20.07 Forfeited (15.9) 22.25 As at December 31, 2024 396.4 $ 22.90 The following table summarizes information about the Company's stock options outstanding at December 31, 2024: Options Outstanding Options Exercisable Range of Exercise Prices CAD$ Number Outstanding as at December 31, 2024 Weighted Average Weighted Number Outstanding as at December 31, 2024 Weighted $17.53 - $23.03 332.2 4.9 $ 21.46 169.6 $ 21.11 $23.04 - $28.54 20.4 1.9 $ 26.54 20.4 $ 26.54 $28.55 - $34.04 36.9 3.9 $ 30.70 36.9 $ 30.70 $34.05 - $39.48 6.9 2.9 $ 39.48 6.9 $ 39.48 396.4 4.6 $ 22.90 233.8 $ 23.64 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: 2023 Expected life (years) 4.5 Expected volatility 30.1 % Expected dividend yield 2.7 % Risk-free interest rate 3.8 % Weighted average exercise price (CAD$) $ 21.18 Weighted average fair value (CAD$) $ 6.01 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 220.0 thousand PSUs for 2024 with a share price of CAD $31.52 (2023 - 534.9 thousand PSUs approved at a share price of CAD $20.21). The Company recorded a $6.3 million and $1.5 million expense, respectively, in general and administrative expense for PSUs for the years ended December 31, 2024 and 2023. The following table summarizes changes in PSUs for the years ended December 31, 2024 and 2023: PSU Number Outstanding Fair Value As at December 31, 2022 288.0 $ 4.8 Granted 534.9 8.7 Paid out (66.0) — Change in value — (1.0) As at December 31, 2023 756.9 $ 12.5 Granted 220.0 4.9 Paid out (79.4) (1.6) Forfeited (17.4) (0.4) Change in value — 2.7 As at December 31, 2024 880.1 $ 18.1 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 Company has the discretion to settle the RSUs with cash or common shares. The RSUs vest in three The Company recorded a $6.9 million and $2.9 million expense, respectively, in general and administrative expense for RSUs for the years ended December 31, 2024 and 2023. The following table summarizes changes in RSUs for the years ended December 31, 2024 and 2023: RSU Number Outstanding Fair Value As at December 31, 2022 551.8 $ 9.1 Granted 516.2 8.4 Paid out (237.3) (3.9) Forfeited (25.7) (0.4) Change in value — (0.1) As at December 31, 2023 805.0 $ 13.1 Granted 636.7 14.9 Paid out (299.5) (6.1) Forfeited (124.5) (2.5) Change in value — 1.5 As at December 31, 2024 1,017.7 $ 20.9 d. DSUs The Company recorded a $0.5 million and $0.1 million expense, respectively, in general and administrative expense for DSUs for the year ended December 31, 2024 and 2023. The following table summarizes changes in DSUs for the years ended December 31, 2024 and 2023: DSU Number Outstanding Fair Value As at December 31, 2022 — $ — Granted 109.0 1.7 Change in value — 0.1 As at December 31, 2023 109.0 $ 1.8 Granted 47.5 1.0 Paid out (25.7) (0.6) Change in value — 0.6 As at December 31, 2024 130.8 $ 2.8 e. Authorized share capital The Company is authorized to issue 800.0 million common shares without par value. f. Dividends The Company declared the following dividends for the years ended December 31, 2024 and 2023: Declaration date Record date Dividend per common share February 19, 2025 (1) March 4, 2025 $ 0.10 November 5, 2024 November 18, 2024 $ 0.10 August 7, 2024 August 19, 2024 $ 0.10 May 8, 2024 May 21, 2024 $ 0.10 February 21, 2024 March 4, 2024 $ 0.10 November 7, 2023 November 20, 2023 $ 0.10 August 9, 2023 August 21, 2023 $ 0.10 March 24, 2023 April 14, 2023 $ 0.10 February 22, 2023 March 6, 2023 $ 0.10 (1) These dividends were declared subsequent to the year end and have not been recognized as distributions to owners during the period presented. g. CVRs As part of the acquisition of Tahoe Resources Inc ("Tahoe"), on February 22, 2019, the Company issued 313.9 million Contingent Value Rights ("CVRs"), with a term of 10 years, which were convertible into 15.6 million common shares upon the first commercial shipment of concentrate following the restart of operations at the Escobal mine. As of December 31, 2024 and 2023, there were 313.9 million CVRs outstanding that are convertible into 15.6 million common shares. h. Normal Course Issuer Bid ("NCIB") On March 4, 2024, the Company obtained approval of its NCIB from the TSX and the NYSE to purchase for cancellation up to 18,232,990 common shares between March 6, 2024 and March 5, 2025. Daily purchases (other than pursuant to a block purchase exemption) on the TSX and NYSE under the NCIB are limited to a maximum of 151,485 common shares and 25% of the average trading volume for the Company's common shares in the four calendar weeks preceding the date of purchase, respectively. For the year ended December 31, 2024, 1,720,366 common shares were repurchased for cancellation under the NCIB at an average price of $14.16 per share for a total consideration of $24.3 million. There were no share repurchases during the year ended December 31, 2023 nor shares held in treasury as at December 31, 2024 or December 31, 2023.

Production Costs

Production Costs	12 Months Ended
Production Costs	Dec. 31, 2024
Analysis of income and expense [abstract]
Production Costs	23. PRODUCTION COSTS Production costs are comprised of the following: 2024 2023 Materials and consumables $ 604.7 $ 539.0 Salaries and employee benefits (1) 531.1 471.7 Contractors 392.5 341.2 Utilities 75.0 65.8 Insurance 21.1 22.6 Other expense 52.9 31.6 Changes in inventories (2)(3) (43.5) 7.3 $ 1,633.8 $ 1,479.2 (1) Salaries and employee benefits are comprised of: 2024 2023 Wages, salaries and bonuses $ 589.6 $ 536.6 Share-based compensation 0.4 5.5 Total employee compensation and benefit expenses 590.0 542.1 Less: Expensed within General and Administrative expenses (45.8) (38.8) Less: Expensed within Mine Care and Maintenance expenses (10.1) (26.8) Less: Expensed within Exploration expenses (3.0) (4.8) Employee compensation and benefits expenses included in production costs $ 531.1 $ 471.7 (2) Includes NRV adjustments to inventories to increase production costs by $20.6 million for the year ended December 31, 2024 (2023 - decrease by $31.8 million). (3) Includes the sale of inventory with acquisition date fair value adjustments of $41.1 million for the year ended December 31, 2023 resulting from the Yamana Acquisition (Note 8).

Mine Care and Maintenance

Mine Care and Maintenance	12 Months Ended
Mine Care and Maintenance	Dec. 31, 2024
Analysis of income and expense [abstract]
Mine Care and Maintenance	24. MINE CARE AND MAINTENANCE 2024 2023 Escobal $ 24.1 $ 26.0 Morococha (1) — 17.9 Navidad 1.8 2.8 MARA (2) — 20.4 Manantial Espejo 6.4 13.9 $ 32.3 $ 81.0 (1) Morococha was disposed on September 22, 2023 (Note 9). (2) MARA was disposed on September 20, 2023 (Note 9).

Interest and Finance Expense

Interest and Finance Expense	12 Months Ended
Interest and Finance Expense	Dec. 31, 2024
Borrowing costs [abstract]
Interest and Finance Expense	25. INTEREST AND FINANCE EXPENSE 2024 2023 Interest expense $ 47.6 $ 51.4 Finance fees 5.8 5.8 Accretion expense (Note 18) 31.3 34.2 $ 84.7 $ 91.4

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	12 Months Ended
Earnings Per Share ("EPS")	Dec. 31, 2024
Earnings per share [abstract]
Earnings Per Share ("EPS")	26. EARNINGS PER SHARE ("EPS") For the year ended December 31, 2024 2023 Earnings (1) Shares EPS Earnings Shares EPS Net earnings (loss) $ 111.5 $ (103.7) Basic earnings (loss) per share $ 111.5 363,361 $ 0.31 $ (103.7) 326,540 $ (0.32) Effect of dilutive securities: Stock options — 40 — — Diluted earnings (loss) per share $ 111.5 363,401 $ 0.31 $ (103.7) 326,540 $ (0.32) (1) Net earnings attributable to equity holders of the Company. The following securities were excluded in the computation of diluted earnings per share because they were anti-dilutive but they have the potential to dilute basic earnings per share in the future: 2024 2023 Potential dilutive securities: Share options 64.2 513.2 Potential shares from CVR conversion (1) 15,600.0 15,600.0 15,664.2 16,113.2 (1) There were 313.9 million CVRs outstanding at December 31, 2024 (2023 - 313.9 million)

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
Supplemental Cash Flow Information	Dec. 31, 2024
Disclosure of cash flow statement [Abstract]
Supplemental Cash Flow Information	27. SUPPLEMENTAL CASH FLOW INFORMATION The following tables summarize other adjustments for non-cash SOE items: Other operating activities 2024 2023 Adjustments for non-cash statement of earnings items: Unrealized foreign exchange (gains) losses $ (21.3) $ 5.6 Losses (gains) on derivatives (Note 10(d)) 25.1 (8.3) Share-based compensation expense (Note 22) 0.4 5.5 Loss from associates — 0.4 Losses (gains) on disposition of mineral properties, plant and equipment 1.4 (1.2) $ 5.6 $ 2.0 The following tables summarize other adjustments for changes in operating working capital items: Changes in non-cash operating working capital items: 2024 2023 Trade and other receivables $ (61.1) $ 45.9 Inventories (67.8) 38.5 Prepaid expenses (18.7) 9.4 Accounts payable and accrued liabilities 22.6 (25.7) Legal provisions (2.8) (14.9) $ (127.8) $ 53.2 Cash and Cash Equivalents December 31, December 31, Cash in banks $ 862.8 $ 399.6

Segmented Information

Segmented Information	12 Months Ended
Segmented Information	Dec. 31, 2024
Disclosure of entity's operating segments [Abstract]
Segmented Information	28. 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. From the Acquisition (Note 8) on March 31, 2023, the Company included the following mines: Jacobina, El Peñon and Minera Florida in the Gold Segment, Cerro Moro in the Silver Segment, and the MARA project in the Other Segment. These mines and projects are included in the segmented disclosures below. Significant information relating to the Company’s reportable operating segments is summarized in the table below: For the year ended December 31, 2024 Segment/Country Operation Revenue Production costs and royalties Depreciation Mine operating earnings (losses) Capital expenditures (1) Silver Segment: Mexico La Colorada $ 161.2 $ 118.5 $ 18.2 $ 24.5 $ 55.0 Peru Huaron 172.5 110.6 17.3 44.6 56.5 Bolivia San Vicente 96.3 64.1 7.7 24.5 5.0 Argentina Cerro Moro 241.4 196.7 35.5 9.2 12.2 Guatemala Escobal — — — — 0.9 Total Silver Segment 671.4 489.9 78.7 102.8 129.6 Gold Segment: Mexico Dolores 228.9 185.8 134.7 (91.6) 0.7 Peru Shahuindo 335.0 141.4 50.0 143.6 45.5 La Arena (2) 192.7 112.0 34.1 46.6 17.1 Canada Timmins 293.4 205.1 32.8 55.5 51.6 Brazil Jacobina 477.7 192.3 120.8 164.6 64.3 Chile El Peñon 397.7 217.2 75.1 105.4 36.9 Minera Florida 222.1 155.0 35.2 31.9 21.7 Total Gold Segment 2,147.5 1,208.8 482.7 456.0 237.8 Other segment: Canada Corporate — — 8.6 (8.6) 5.2 Other — — 1.7 (1.7) 1.0 Total $ 2,818.9 $ 1,698.7 $ 571.7 $ 548.5 $ 373.6 (1) Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2) La Arena was sold on December 2, 2024. For the year ended December 31, 2023 Segment/Country Operation Revenue Production costs and royalties Depreciation Mine operating earnings (losses) Capital expenditures (1) Silver Segment: Mexico La Colorada $ 122.5 $ 128.1 $ 22.1 $ (27.7) $ 63.9 Peru Huaron 145.4 105.2 12.9 27.3 36.2 Morococha (2) — — — — 2.1 Bolivia San Vicente 91.5 69.8 9.5 12.2 3.8 Argentina Manantial Espejo (2) 37.7 32.4 2.0 3.3 0.2 Cerro Moro 214.1 160.7 23.1 30.3 25.4 Guatemala Escobal — — — — 2.1 Total Silver Segment 611.2 496.2 69.6 45.4 133.7 Gold Segment: Mexico Dolores 267.5 132.6 114.3 20.6 8.7 Peru Shahuindo 284.7 143.7 45.3 95.7 57.1 La Arena 190.2 122.4 32.4 35.4 21.2 Canada Timmins 260.6 201.4 39.8 19.4 46.9 Brazil Jacobina 287.5 129.9 86.9 70.7 69.9 Chile El Peñon 259.4 184.2 54.2 21.0 18.6 Minera Florida 154.8 124.7 33.3 (3.2) 22.3 Total Gold Segment 1,704.7 1,038.9 406.2 259.6 244.7 Other segment: Canada Corporate 0.2 — 6.2 (6.0) 6.0 Argentina MARA (2) — — 0.1 (0.1) 35.9 Other — — 2.1 (2.1) 2.7 Total $ 2,316.1 $ 1,535.1 $ 484.2 $ 296.8 $ 423.0 (1) Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2) Manantial Espejo was placed on care and maintenance in January 2023. Morococha and MARA were sold in September 2023. At December 31, 2024 Segment/Country Operation Assets Liabilities Net assets Silver Segment: Mexico La Colorada $ 470.8 $ 52.7 $ 418.1 Peru Huaron 231.5 96.3 135.2 Bolivia San Vicente 125.0 64.5 60.5 Argentina Manantial Espejo (1) 2.1 26.4 (24.3) Guatemala Escobal 296.1 18.5 277.6 Argentina Cerro Moro 225.9 112.3 113.6 Total Silver Segment 1,351.4 370.7 980.7 Gold Segment: Mexico Dolores 193.4 169.6 23.8 Peru Shahuindo 625.9 211.6 414.3 Canada Timmins 418.1 84.4 333.7 Brazil Jacobina 2,436.5 444.2 1,992.3 Chile El Peñon 732.2 198.5 533.7 Minera Florida 242.4 122.2 120.2 Total Gold Segment 4,648.5 1,230.5 3,418.0 Other segment: Canada Corporate 820.0 789.9 30.1 Argentina Navidad 192.6 13.3 179.3 Other 190.2 81.7 108.5 Total $ 7,202.7 $ 2,486.1 $ 4,716.6 (1) Manantial Espejo was placed on care and maintenance in January 2023. At December 31, 2023 Segment/Country Operation Assets Liabilities Net assets Silver Segment: Mexico La Colorada $ 428.0 $ 43.8 $ 384.2 Peru Huaron 149.5 61.0 88.5 Bolivia San Vicente 78.6 45.0 33.6 Argentina Manantial Espejo (1) 2.2 18.5 (16.3) Cerro Moro 208.2 104.0 104.2 Guatemala Escobal 290.0 16.4 273.6 Total Silver Segment 1,156.5 288.7 867.8 Gold Segment: Mexico Dolores 372.5 141.7 230.8 Peru Shahuindo 604.0 178.2 425.8 La Arena 383.7 156.6 227.1 Canada Timmins 395.1 78.5 316.6 Brazil Jacobina 2,508.2 437.5 2,070.7 Chile El Peñon 776.0 205.6 570.4 Minera Florida 219.6 103.7 115.9 Total Gold Segment 5,259.1 1,301.8 3,957.3 Other segment: Canada Corporate 438.4 750.2 (311.8) Argentina Navidad 192.1 14.3 177.8 Other 167.0 85.6 81.4 $ 7,213.1 $ 2,440.6 $ 4,772.5 (1) Manantial Espejo was placed on care and maintenance in January 2023. Product Revenue 2024 2023 Refined silver and gold $ 2,369.1 $ 1,954.4 Zinc concentrate 101.3 83.2 Lead concentrate 201.8 163.5 Copper concentrate 71.7 54.6 Silver concentrate 75.0 60.4 Total $ 2,818.9 $ 2,316.1

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2024
Disclosure of income tax [Abstract]
Income Taxes	29. INCOME TAXES Components of Income Tax Expense 2024 2023 Current tax expense (recovery) Recognized in profit or loss in current year $ 245.3 $ 132.7 Adjustments recognized in the current year with respect to prior years 46.0 0.2 291.3 132.9 Deferred tax expense (recovery) Deferred tax expense (recovery) recognized in the current year 42.4 (101.7) Adjustments recognized in the current year with respect to prior years (2.4) 3.4 Impact of tax rate changes 0.5 — Derecognition of previously recognized deferred tax assets 18.3 3.7 Benefit from previously unrecognized losses, and other temporary differences (12.9) — Impact of impairments on deferred tax assets and liabilities — (3.4) Increase (decrease) in deferred tax liabilities due to tax impact of net realizable adjustments to inventories (18.2) 11.2 27.7 (86.8) Income tax expense $ 319.0 $ 46.1 Reconciliation of Effective Income Tax Rate 2024 2023 Earnings (loss) before taxes and non-controlling interest $ 431.7 $ (58.8) Statutory Canadian income tax rate 27.00 % 27.00 % Income tax expense (recovery) based on above rates $ 116.6 $ (15.9) Increase (decrease) due to: Non-deductible expenditures 13.8 3.2 Foreign tax rate differences (18.7) 2.7 Change in net deferred tax assets not recognized 34.8 66.3 Effect of other taxes paid (mining and withholding) 45.7 22.1 Effect of foreign exchange on tax expense 71.1 (36.0) Non-taxable impact of foreign exchange (6.8) 3.8 Change in non-deductible portion of reclamation liabilities 20.5 1.9 Change in income tax expense related to prior years 40.5 — Changes to opening temporary differences 7.7 3.9 Impact of inflation (4.6) (7.4) Other (1.6) 1.5 Income tax expense $ 319.0 $ 46.1 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 table above, which result in an income tax expense that varies considerably from the comparable period. The factors that have affected the effective tax rate for the year ended December 31, 2024 and the comparable period of 2023 were changes in the recognition of certain deferred tax assets (primarily related to the prior year's impairment of Morococha and the Shahuindo plant), foreign exchange fluctuations, mining taxes paid, and withholding taxes on payments from foreign subsidiaries. In October 2024, the Company reached a conclusive agreement with the Mexican tax authorities (the "SAT") to resolve specific disputed items related to income tax filings for the years 2016 through 2022 which were identified upon completion of certain SAT audits (the “Settlement”). As a result, $45.9 million, including $16.3 million in interest charges, was paid to the SAT in October 2024. During the year ended December 31, 2024 , the Company recorded a $40.5 million income tax expense, net of a $5.4 million deferred income tax recovery relating to certain deductible items. The Company did not incur any penalties in connection with the Settlement. Continuity of deferred tax assets and liabilities The following is the analysis of the deferred tax assets (liabilities) presented in the Consolidated Financial Statements: 2024 2023 Net deferred tax liabilities, beginning of year $ (461.2) $ (84.4) Recognized in net earnings in the year (27.7) 86.8 Initial deferred tax liability associated with the Yamana Acquisition (Note 8) — (881.2) Disposition of mining properties (Note 9) 11.7 419.3 Recognized in other comprehensive income (loss) in year (1) — (0.5) Other — (1.2) Net deferred liabilities, end of year (477.2) (461.2) Deferred tax assets 44.5 80.4 Deferred tax liabilities (521.7) (541.6) Net deferred tax liabilities $ (477.2) $ (461.2) (1) Deferred tax impact related to unrealized loss on long-term investment (see Note 10(c)). Components of deferred tax assets and liabilities The deferred tax assets (liabilities) are comprised of the various temporary differences, as detailed below: 2024 2023 Deferred tax assets (liabilities) arising from: Closure and decommissioning costs $ 13.1 $ 33.9 Tax losses, resource pools and mining tax credits 109.4 84.6 Mineral properties, plant, and equipment (630.1) (636.0) Other temporary differences and provisions 30.4 56.3 Net deferred tax liabilities $ (477.2) $ (461.2) At December 31, 2024, the net deferred tax liabilities above included the deferred tax assets of $109.4 million, which includes the benefits from tax losses ($52.0 million) and resource pools ($57.4 million). The increase in these deferred tax assets was mainly due to the recognition of previously unbenefited tax attributes for Minera Florida, and to offset the deferred tax liability generated by the net smelter return that was received as consideration on the sale of La Arena. These losses will begin to expire after the 2026 year-end, if unused. At December 31, 2023, the net deferred tax liabilities above included the deferred tax asset of $84.6 million, which includes the benefits from tax losses ($34.8 million) and resource pools ($49.8 million). An insignificant amount of the losses expired at the end of the 2024 year-end ($0.4 million), with the majority of the losses set to expire after the 2026 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: 2024 2023 Operating tax loss $ 1,360.3 $ 1,236.6 Net capital tax loss 32.2 36.5 Resource pools and other tax credits (1) 135.7 174.7 Mineral properties, plant, and equipment 207.7 314.2 Closure and decommissioning costs 239.6 297.6 Other temporary differences 365.2 211.1 $ 2,340.7 $ 2,270.7 (1) Includes tax credits which will begin to expire after 2027 year end, if unused. Included in the above amounts are operating tax losses, which if not utilized will expire as follows: At December 31, 2024 Canada US Peru Mexico Barbados Argentina Chile Brazil Netherlands Total 2025 $ — $ 2.3 $ — $ 0.2 $ 4.7 $ — $ — $ — $ — $ 7.2 2026 — 0.4 — — 2.5 — — — — 2.9 2027 – and after 888.3 115.3 0.6 38.2 25.3 150.5 64.4 59.3 8.3 1,350.2 Total tax losses $ 888.3 $ 118.0 $ 0.6 $ 38.4 $ 32.5 $ 150.5 $ 64.4 $ 59.3 $ 8.3 $ 1,360.3 At December 31, 2023 Canada US Peru Mexico Barbados Argentina Chile Brazil Netherlands Total 2024 $ — $ 15.5 $ 0.3 $ 0.3 $ — $ — $ — $ — $ — $ 16.1 2025 — 9.7 — 0.6 4.7 5.4 — — — 20.4 2026 – and after 695.2 146.1 0.4 2.2 20.9 95.1 146.6 88.2 5.4 1,200.1 Total tax losses $ 695.2 $ 171.3 $ 0.7 $ 3.1 $ 25.6 $ 100.5 $ 146.6 $ 88.2 $ 5.4 $ 1,236.6

Contingencies

Contingencies	12 Months Ended
Contingencies	Dec. 31, 2024
Disclosure of notes and other explanatory information [Abstract]
Contingencies	30. CONTINGENCIES The Company is, from time to time, subject to various claims, demands, audits and other proceedings covering matters that arise in the ordinary course of business activities. Such claims and other proceedings often relate to labour, tax, environmental, title, or commercial matters. Each of these matters is subject to uncertainties and it is possible that some of these matters may be resolved unfavorably to the Company and have a financial or operational impact. In this respect, certain conditions may exist as at December 31, 2024 which may result in a loss to the Company. However, the Company believes that none of these matters are expected to have a material effect on the results of operations or financial position of the Company. Legal Proceedings The Company is subject to various 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. We may also become subject to other civil claims, such as class action lawsuits and commercial disputes. For example, Tahoe became the subject of certain class action lawsuits filed in the United States and Canada in 2017, and ultimately settled these suits in 2024. From time to time, the Company may also be subject to disputes relating to past transactions or which are related to entities or operations previously owned by the Company. The Company has in the past, and continues to, face claims or challenges against title to certain of its surface or mining rights. While we would, where available and appropriate to do so, defend against any such allegations, if we are unsuccessful in our defense of these claims, we may be subject to significant losses or impacts to our operations. The Company establishes legal provisions for known and potential claims for which payment is probable and can be reliably estimated. The Company also has comprehensive 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 the Company.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2024
Disclosure of related party [Abstract]
Related Party Transactions	31. RELATED PARTY TRANSACTIONS The Company’s related parties include its subsidiaries, associates over which it exercises significant influence, and key management personnel. Transactions with the Company's subsidiaries have been eliminated on consolidation. Compensation of key management personnel Key management personnel compensation is comprised of: 2024 2023 Short-term employee benefits (1) $ 16.9 $ 9.9 Post-employment benefits (2) 1.8 1.3 Share-based payments (3) 1.0 4.4 $ 19.7 $ 15.6 (1) Includes annual salary and short-term incentives, RSUs, and PSUs paid by the Company. (2) Includes annual contributions to retirement savings plans made by the Company. (3) Includes annual stock option and compensation shares.

Material Accounting Policy In_2

Material Accounting Policy Information (Policies)	12 Months Ended
Material Accounting Policy Information (Policies)	Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Functional and presentation currency	Functional and presentation currency The functional and presentation currency of the Company and each of its subsidiaries is the United States dollar ("USD").
Basis of measurement	Basis of measurement These Consolidated Financial Statements have been prepared on a historical cost basis, except for those assets and liabilities that are measured at 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. The principal subsidiaries of the Company and their geographic locations at December 31, 2024 were as follows: Location Subsidiary Ownership Operations and Development Brazil Jacobina Mineração e Comércio Ltda. 100% Jacobina mine (1) Canada Lake Shore Gold Corp. 100% Bell Creek and Timmins West mines (together "Timmins mine") Chile Minera Meridian Ltda. 100% El Peñon mine (1) Minera Florida Ltda 100% Minera Florida mine (1) Minera Cavancha SpA. 80% La Pepa project (1) Mexico Plata Panamericana S.A. de C.V. 100% La Colorada mine Compañía Minera Dolores S.A. de C.V. 100% Dolores mine Peru Pan American Silver Huaron S.A. 100% Huaron mine Shahuindo S.A.C. 100% Shahuindo mine Bolivia Pan American Silver (Bolivia) S.A. 95% San Vicente mine Guatemala Pan American Silver Guatemala S.A. 100% Escobal mine Argentina Minera Tritón Argentina S.A. 100% Manantial Espejo Estelar Resources S.A. 100% Cerro Moro mine (1) Minera Argenta S.A. 100% Navidad project (1) Mines and projects from the Acquisition (Note 8).
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 Statements of Earnings and Comprehensive Earnings ("SOE"). 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 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.
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.
Financial Instruments	Financial instruments Financial assets and financial liabilities are recognized in the Company’s Consolidated Statements of Financial Position ("SFP") when the Company becomes a party to the contractual provisions of the instrument. i) Financial assets On initial recognition, a financial asset is classified as measured at: amortized cost, fair value through other comprehensive income ("FVTOCI"), or FVTPL. Financial assets at FVTPL are initially measured at fair value and those at amortized cost or FVTOCI are initially measured at fair value plus transaction costs. Subsequent measurement of financial assets and liabilities depends on the classifications of such assets and liabilities. Amortized cost: Financial assets that meet the following conditions are measured subsequently at amortized cost: • The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and • The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using effective interest method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. Interest income is recognized using the effective interest method. Interest income is recognized in Interest and finance expense in the SOE. The Company's financial assets at amortized cost primarily include cash and cash equivalents and, receivables not arising from sale of metal concentrates (included in Trade and other receivables) in the SFP (Note 10(a)). FVTOCI: Financial assets that meet the following conditions are measured at FVTOCI: • The financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and • The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding; or • The Company may make an irrevocable election at initial recognition for particular investments in equity instruments that would otherwise be measured at FVTPL to present subsequent changes in fair value in Other Comprehensive Income ("OCI"). At initial recognition, the Company made an irrevocable election to measure all the investments acquired from Yamana at FVTOCI (Note 10(c)). FVTPL: By default, all other financial assets are measured subsequently at FVTPL. 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 10(e)(ii). The Company's financial assets at FVTPL include its trade receivables from provisional concentrate sales, investments in equity securities not designated as FVTOCI, derivative assets not designated as hedging instruments, and contingent consideration receivable. ii) 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 as a direct reduction in equity. No gain or loss is recognized in the SOE on the purchase, sale, issue or cancellation of the Company’s own equity instruments. Classification of financial liabilities Financial liabilities other than those which are 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 FVTPL.
Derivative Financial Instruments	Derivative financial instruments
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 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 reported and then smelted to produce doré bars. The costs incurred in the construction of heap leach pads are capitalized to Mineral Properties, Plant and Equipment. 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 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 either gold or 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 Properties, Plant and Equipment ("MPPE") and Depreciation	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. 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 net carrying amounts of MPPE are reviewed for impairment either individually or at the cash-generating unit ("CGU") 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 charge. In countries where the Company paid Value Added Tax (“VAT”) and where there is uncertainty of its recoverability, the VAT payments have either been capitalized to mineral property costs relating to the property or expensed if it relates to mineral exploration. If the Company ultimately recovers previously capitalized 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 or ceases to have a future economic benefit, it is derecognized and the difference between its carrying value and net sales proceeds is recorded as gain or loss on disposal in the SOE. 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 SFP 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) UOP 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 UOP basis. In applying the UOP 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 UOP basis and/or straight-line basis as follows: • Land – not depreciated • Mobile equipment – 2 to 10 years • Buildings and plant facilities – 10 to 50 years • Mining properties and leases including capitalized evaluation and development expenditures – based on applicable reserves on a UOP 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 capitalized. Costs associated with commissioning activities on constructed plants are capitalized from the date of mechanical completion of the facilities until the date the Company is ready to commence commercial production. These costs are then amortized using the units-of-production ("UOP") 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. 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.
Exploration and evaluation	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 Reserve and Resources within MPPE, in accordance with Note 3(j), once the technical feasibility and commercial viability are demonstrated.
Impairment (and reversals of impairment) of non-current assets	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 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 MPPE and depreciated accordingly. The value of the provision is progressively increased over time as the effect of discounting unwinds, creating an expense recognized in interest and finance expense. 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 SOE. In the case of closed sites, changes to estimated costs are recognized immediately in the SOE. 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.
Share-based Payments	Share-based payments The Company recognizes a stock based compensation expense for all compensation shares, share purchase options, and equity-settled restricted share units ("RSUs") awarded to employees and officers based on the fair values at the date of grant. The fair values at the date of grant for share purchase options and equity-settled RSUs are expensed over the respective vesting periods with a corresponding increase to equity. The fair value of share purchase options is determined using the Black-Scholes option pricing model with market related inputs as of the date of grant. Share purchase options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. The fair value of equity-settled RSUs is the market value of the underlying shares at the date of grant. At the end of each reporting period, the Company re-assesses its estimates of the number of awards that are expected to vest and recognizes the impact of any revisions to this estimate in the SOE. The Company recognizes a stock based compensation expense for performance share units (“PSUs”) which are awarded to eligible employees and are settled in cash. Compensation expense for the PSUs is recorded on a straight-line basis over the three year vesting period. This estimated expense is reflected as a component of net earnings over the vesting period of the PSUs with the related obligation recorded as a liability on the SFP. The amount of compensation expense is adjusted at the end of each reporting period to reflect (i) the fair market value of common shares plus the cash equivalent of any dividends distributed by the Company during the three year performance period; (ii) the number of PSUs anticipated to vest; and (iii) the anticipated performance factor. The Company recognizes a stock based compensation expense for RSUs which are awarded to eligible employees and can be settled in cash or common shares. The estimated compensation expense for the RSUs is recorded on a straight-line basis over the three year vesting period and is reflected as a component of net earnings over the vesting period of the RSUs. For RSUs that the Company intends to settle in cash upon vesting, or the counterparty has the option to settle in cash or common shares, the Company records a liability for the obligation on the SFP, and the expense and liability are adjusted each reporting period to reflect (i) the changes in fair market value of common shares plus the cash equivalent of any dividends distributed by the Company during the three year performance period; and (ii) the number of RSUs anticipated to vest. For RSUs that the Company intends to settle in common shares, the Company expenses the fair value on the date of grant over the vesting period with a corresponding increase to equity.
Income Taxes	Income taxes Taxation on the earnings or loss for the year comprises current and deferred tax. Taxation is recognized in the SOE except to the extent that it relates to items recognized in OCI or directly in equity, in which case the tax is recognized in OCI 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 SFP 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 SFP 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 fulfills 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 SFP date. 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 SFP 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 SOE. Deferred tax assets, including those arising from tax losses, capital losses and temporary differences, are recognized only where it is probable that taxable earnings will be available against which the losses or deductible temporary differences can be utilized. Assumptions about the generation of future taxable earnings and repatriation of retained earnings depend on management’s estimates of future cash flows. These depend on estimates of future production and sales volumes, commodity prices, reserves, operating costs, closure and decommissioning costs, capital expenditures, dividends and other capital management transactions.

Material Accounting Policy In_3

Material Accounting Policy Information (Tables)	12 Months Ended
Material Accounting Policy Information (Tables)	Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Disclosure of subsidiaries	The principal subsidiaries of the Company and their geographic locations at December 31, 2024 were as follows: Location Subsidiary Ownership Operations and Development Brazil Jacobina Mineração e Comércio Ltda. 100% Jacobina mine (1) Canada Lake Shore Gold Corp. 100% Bell Creek and Timmins West mines (together "Timmins mine") Chile Minera Meridian Ltda. 100% El Peñon mine (1) Minera Florida Ltda 100% Minera Florida mine (1) Minera Cavancha SpA. 80% La Pepa project (1) Mexico Plata Panamericana S.A. de C.V. 100% La Colorada mine Compañía Minera Dolores S.A. de C.V. 100% Dolores mine Peru Pan American Silver Huaron S.A. 100% Huaron mine Shahuindo S.A.C. 100% Shahuindo mine Bolivia Pan American Silver (Bolivia) S.A. 95% San Vicente mine Guatemala Pan American Silver Guatemala S.A. 100% Escobal mine Argentina Minera Tritón Argentina S.A. 100% Manantial Espejo Estelar Resources S.A. 100% Cerro Moro mine (1) Minera Argenta S.A. 100% Navidad project (1) Mines and projects from the Acquisition (Note 8).

Yamana Acquisition (Tables)

Yamana Acquisition (Tables)	12 Months Ended
Yamana Acquisition (Tables)	Dec. 31, 2024
Disclosure of detailed information about business combination [abstract]
Disclosure of detailed information about business combination	Total consideration: Nature of consideration Shares (in millions) Consideration Pan American Shares (1) 153.8 $ 2,823.0 (1) The Pan American Share consideration value is based on an assumed value of $18.36 per share (based on the closing price of the common shares of Pan American on NASDAQ on March 30, 2023). Allocation of the purchase price: Acquisition date fair value Assets acquired Cash and cash equivalents $ 259.5 Investments 59.5 Accounts receivable (1) 20.4 Income tax receivables 19.4 Value added tax receivables 54.0 Inventories 247.5 Mineral properties, plant and equipment 5,054.4 Other assets 59.4 Liabilities assumed Accounts payable (215.3) Income tax payables (22.4) Provision for closure and decommissioning liabilities (244.0) Litigation provisions (34.6) Lease obligations (81.4) Debt (2) (927.6) Other long-term liabilities (59.7) Deferred taxes (881.2) Net assets acquired 3,307.9 Non-controlling interests (3) (484.9) Net assets attributable to Pan American $ 2,823.0 (1) Trade receivables acquired had a fair value of $0.5 million, which was equal to their gross contractual value. Other receivables acquired had a fair value of $19.9 million. Trade and other receivables acquired were substantially collected during the year ended December 31, 2023. (2) Debt acquired included: 1. two senior notes with a fair value of $675.2 million (Note 20); 2. a revolving credit facility with a fair value of $205 million, which was immediately repaid on Acquisition Date (Note 20); 3. the MARA loan with a fair value of $37.0 million which was disposed as part of the MARA disposition (Note 9) (Note 20); and 4. Short-term loan in Jacobina with a fair value of $10.4 million that was repaid during the year ended December 31, 2023 (Note 20). (3) Non-controlling interests were measured at the proportionate share in the identifiable net assets recognized.

Dispositions (Tables)

Dispositions (Tables)	12 Months Ended
Dispositions (Tables)	Dec. 31, 2024
Disposal Groups [Abstract]
Schedule of Disposals	For the year ended December 31, 2024 La Arena Cash proceeds (1) $ 306.6 Net smelter return royalty 29.7 Contingent consideration 36.8 Net proceeds 373.1 Cash and cash equivalents 16.2 Trade and other receivables 29.6 Inventories 134.2 Mineral properties, plant and equipment 223.2 Other assets 0.1 Accounts payable and accrued liabilities (55.1) Other current liabilities (15.6) Provisions (86.5) Other long term liabilities (12.3) Net assets attributable to Pan American 233.8 Less: Net Proceeds 373.1 Add: Costs directly attributable to the disposal 1.9 Gain on disposal $ 137.4 (1) Includes $61.6 million of estimated net closing cash and preliminary working capital adjustments. For the year ended December 31, 2023 MARA Morococha ADLF Total Cash proceeds (1) $ 475.0 $ 28.6 $ 45.5 $ 549.1 Net smelter return royalty 90.0 — 11.1 101.1 Net proceeds 565.0 28.6 56.6 650.2 Cash and cash equivalents 188.4 5.6 0.1 194.1 Other current assets 9.1 4.8 0.1 14.0 Mineral properties, plant and equipment 1,400.5 35.8 142.2 1,578.5 Other non-current assets 3.1 0.8 — 3.9 Current liabilities (27.0) (11.6) (0.4) (39.0) Provisions (133.2) (11.2) (3.7) (148.1) Deferred tax liabilities (380.4) (0.1) (38.8) (419.3) Long-term debt (31.5) — — (31.5) Other long-term liabilities (19.3) (0.1) — (19.4) Net carrying amount 1,009.7 24.0 99.5 1,133.2 Non-controlling interest (444.7) (2.1) (42.9) (489.7) Net assets attributable to Pan American 565.0 21.9 56.6 643.5 Less: net proceeds 565.0 28.6 56.6 650.2 Gain on disposal $ — $ 6.7 $ — $ 6.7 (1) The Morococha sale cash consideration includes $3.6 million related to final working capital adjustments.

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
Financial Instruments (Tables)	Dec. 31, 2024
Financial instruments [Abstract]
Disclosure of financial assets by categories	Financial assets and liabilities by categories: December 31, 2024 Amortized cost FVTPL FVTOCI Total Financial Assets: Cash and cash equivalents $ 862.8 $ — $ — $ 862.8 Trade receivables from provisional concentrates sales (1) — 31.2 — 31.2 Receivable not arising from sale of metal concentrates (1) 127.3 — — 127.3 Investments — 23.7 0.8 24.5 Contingent Consideration (Note 9) (2) — 36.8 — 36.8 $ 990.1 $ 91.7 $ 0.8 $ 1,082.6 Financial Liabilities: Derivative liabilities $ — $ 12.8 $ — $ 12.8 Debt $ 708.8 $ — $ — $ 708.8 (1) Included in Trade and other receivables. (2) Included in Other long-term assets. December 31, 2023 Amortized cost FVTPL FVTOCI Total Financial Assets: Cash and cash equivalents $ 399.6 $ — $ — $ 399.6 Trade receivables from provisional concentrates sales (1) — 17.5 — 17.5 Receivable not arising from sale of metal concentrates (1) 110.1 — — 110.1 Investments — 38.1 3.2 41.3 Derivative assets (2) — 6.9 — 6.9 $ 509.7 $ 62.5 $ 3.2 $ 575.4 Financial Liabilities: Derivative liabilities $ — $ 0.1 $ — $ 0.1 Debt $ 703.7 $ — $ — $ 703.7 (1) Included in Trade and other receivables. (2) Included in Other assets and Other liabilities.
Disclosure of financial liabilities by categories	Financial assets and liabilities by categories: December 31, 2024 Amortized cost FVTPL FVTOCI Total Financial Assets: Cash and cash equivalents $ 862.8 $ — $ — $ 862.8 Trade receivables from provisional concentrates sales (1) — 31.2 — 31.2 Receivable not arising from sale of metal concentrates (1) 127.3 — — 127.3 Investments — 23.7 0.8 24.5 Contingent Consideration (Note 9) (2) — 36.8 — 36.8 $ 990.1 $ 91.7 $ 0.8 $ 1,082.6 Financial Liabilities: Derivative liabilities $ — $ 12.8 $ — $ 12.8 Debt $ 708.8 $ — $ — $ 708.8 (1) Included in Trade and other receivables. (2) Included in Other long-term assets. December 31, 2023 Amortized cost FVTPL FVTOCI Total Financial Assets: Cash and cash equivalents $ 399.6 $ — $ — $ 399.6 Trade receivables from provisional concentrates sales (1) — 17.5 — 17.5 Receivable not arising from sale of metal concentrates (1) 110.1 — — 110.1 Investments — 38.1 3.2 41.3 Derivative assets (2) — 6.9 — 6.9 $ 509.7 $ 62.5 $ 3.2 $ 575.4 Financial Liabilities: Derivative liabilities $ — $ 0.1 $ — $ 0.1 Debt $ 703.7 $ — $ — $ 703.7 (1) Included in Trade and other receivables. (2) Included in Other assets and Other liabilities.
Disclosure of financial instruments at fair value through profit or loss	The losses from investments recorded at FVTPL for the year ended December 31, 2024 and 2023 were as follows: 2024 2023 Unrealized losses on investments $ (14.3) $ (6.5) Realized gains on investments — 1.0 $ (14.3) $ (5.5) 2024 2023 Realized (losses) gains on derivatives $ (5.5) $ 13.8 Unrealized losses on derivatives (19.6) (5.5) $ (25.1) $ 8.3
Disclosure of financial instruments designated at fair value through profit or loss	The losses from the Company's investments recorded at FVTOCI for the year ended December 31, 2024 and 2023 were as follows: 2024 2023 Unrealized losses on investments $ (0.5) $ (5.4) Realized gains (losses) on investments (1) 0.1 (18.8) $ (0.4) $ (24.2) (1) Excludes income tax expense of $nil, recorded through OCI, related to investments for the year ended December 31, 2024 (2023 - $0.5 million).
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 SFP at fair value on a recurring basis were categorized as follows: At December 31, 2024 At December 31, 2023 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets and Liabilities: Investments (Note 11) $ 24.5 $ — $ — $ 41.3 $ — $ — Trade receivables from provisional concentrate sales — 31.2 — — 17.5 — Derivative assets (1) — — — — 6.9 — Contingent Consideration (Note 9) (1) — — 36.8 — — — Derivative liabilities — (12.8) — — (0.1) — $ 24.5 $ 18.4 $ 36.8 $ 41.3 $ 24.3 $ — (1) Included in Other assets and Other liabilities.
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 $ 862.8 $ 399.6 Trade accounts receivable (1) 31.2 17.5 Supplier advances (1) 6.7 10.4 (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 December 31, 2024 Within 1 year 2 - 3 years 4- 5 years After 5 years Total Accounts payable and accrued liabilities other than: $ 471.4 $ — $ — $ — $ 471.4 Severance liabilities 7.6 12.5 7.9 32.4 60.4 Payroll liabilities 10.4 — — — 10.4 Total accounts payable and accrued liabilities 489.4 12.5 7.9 32.4 542.2 Income tax payables 102.1 — — — 102.1 Other liabilities 12.8 — — — 12.8 Debt Repayment of principal 6.8 282.5 — 419.5 708.8 Interest and standby fees 28.9 56.8 28.5 21.4 135.6 Provisions (1)(2) 5.4 9.0 2.4 7.3 24.1 Future payroll liabilities 1.7 27.0 — 2.7 31.4 Total contractual obligations (2) $ 647.1 $ 387.8 $ 38.8 $ 483.3 $ 1,557.0 (1) Total litigation provision (Note 18). (2) Amounts above do not include payments related to closure and decommissioning (current $27.7 million, long-term $410.6 million) discussed in Note 18, and lease obligations discussed in Note 19. Payments due by period December 31, 2023 Within 1 year 2 - 3 years 4- 5 years After 5 years Total Accounts payable and accrued liabilities other than: $ 491.0 $ — $ — $ — $ 491.0 Severance liabilities 2.1 17.2 9.0 32.2 60.5 Payroll liabilities 4.9 — — — 4.9 Total accounts payable and accrued liabilities 498.0 17.2 9.0 32.2 556.4 Income tax payables 32.1 — — — 32.1 Debt Repayment of principal 6.7 11.9 275.3 409.8 703.7 Interest and standby fees 29.1 57.6 43.4 34.5 164.6 Provisions (1)(2) 4.0 14.0 1.2 7.7 26.9 Future payroll liabilities 2.5 17.0 — 1.8 21.3 Total contractual obligations (2) $ 572.4 $ 117.7 $ 328.9 $ 486.0 $ 1,505.0 (1) Total litigation provision (Note 18). (2) Amounts above do not include payments related to closure and decommissioning (current $37.6 million, long-term $409.5 million) discussed in Note 18, and lease obligations discussed in Note 19.
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 tax assets and liabilities denominated in foreign currencies: At December 31, 2024 Cash and investments Other current and Income taxes Accounts payable Deferred tax Canadian dollar $ 40.3 $ 6.5 $ (7.2) $ (67.2) $ (8.6) Mexican peso 7.9 19.9 12.8 (28.4) 12.7 Argentine peso 0.1 43.6 0.6 (73.7) (10.4) Bolivian boliviano 10.0 8.7 (18.0) (7.0) (0.2) European euro — — — (0.1) — Peruvian sol 2.9 25.2 (31.6) (39.8) (55.3) Guatemala quetzal 0.1 0.1 — (6.2) — Chilean peso 6.6 5.5 (15.9) (77.1) (61.3) Brazilian real 1.1 3.9 (14.5) (42.9) (352.4) $ 69.0 $ 113.4 $ (73.8) $ (342.4) $ (475.5) At December 31, 2023 Cash and investments Other current and Income taxes Accounts payable Deferred tax Canadian dollar $ 47.6 $ 4.6 $ 8.0 $ (56.1) $ 12.0 Mexican peso 3.2 14.3 11.4 (54.0) 33.9 Argentine peso 0.4 21.5 — (79.0) (12.1) Bolivian boliviano 9.2 8.0 (7.0) (7.6) (3.8) European euro 0.1 — (2.2) (0.1) — Peruvian sol 6.1 22.0 5.1 (87.2) (68.1) Guatemala quetzal 0.2 0.1 (0.1) (9.6) — Chilean peso 1.2 7.2 18.5 (75.9) (89.8) Brazilian real 0.4 5.6 (5.4) (39.3) (333.3) $ 68.4 $ 83.3 $ 28.3 $ (408.8) $ (461.2) At December 31, 2024, the Company had outstanding positions on its foreign currency exposure of Mexican peso ("MXN"), Peruvian sol ("PEN"), Canadian dollar ("CAD"), Chilean peso ("CLP") and Brazilian real ("BRL") purchases. The Company recorded the following derivative losses and gains on currencies for the year ended December 31, 2024 and 2023: 2024 2023 Mexican peso (losses) gains $ (2.7) $ 2.5 Peruvian sol gains 0.2 2.9 Canadian dollar (losses) gains (5.5) 4.1 Chilean peso losses (6.4) (3.0) Brazilian real (losses) gains (11.0) 1.2 $ (25.4) $ 7.7
Schedule of derivative gains and losses	for the year ended December 31, 2024 and 2023

Investments (Tables)

Investments (Tables)	12 Months Ended
Investments (Tables)	Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]
Investments	December 31, 2024 December 31, 2023 Fair Value Cost Accumulated Fair Value Cost Accumulated unrealized holding gains Investments $ 24.5 $ 34.9 $ (10.4) $ 41.3 $ 37.3 $ 4.0

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]
Schedule of inventories	Inventories consist of: December 31, December 31, Concentrate inventory $ 31.8 $ 21.3 Stockpile ore 67.8 67.2 Heap leach inventory and in process 223.5 338.6 Doré and finished inventory 131.1 121.1 Materials and supplies 180.9 191.2 Total inventories 635.1 739.4 Less: current portion of inventories (605.7) (711.6) Non-current portion inventories (1) $ 29.4 $ 27.8 (1) Includes $22.1 million (2023 - $20.5 million) in supplies at the Escobal mine, which have been classified as non-current pending the restart of operations.

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
Other Assets (Tables)	Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]
Other Assets	Other assets consist of: December 31, December 31, Insurance prepaids $ 7.8 $ 7.4 Other prepaids 23.8 22.3 Derivative assets — 6.9 $ 31.6 $ 36.6

Mineral Properties, Plant and_2

Mineral Properties, Plant and Equipment (Tables)	12 Months Ended
Mineral Properties, Plant and Equipment (Tables)	Dec. 31, 2024
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, 2024 Net of accumulated depreciation $ 2,412.5 $ 1,632.1 $ 632.2 $ 998.3 $ 5,675.1 Additions 287.5 21.6 2.1 83.2 394.4 Net smelter return royalty acquired (Note 9) — — 29.7 — 29.7 Disposals (1.0) (0.8) — (6.7) (8.5) Disposition of subsidiaries (Note 9) (103.7) — (117.0) (2.5) (223.2) Depreciation and amortization (1)(2) (312.2) (1.4) — (208.8) (522.4) Depreciation charge captured in inventory (41.0) — — — (41.0) Transfers (131.4) (26.3) (36.7) 194.4 — Closure and decommissioning – changes in estimate (Note 18) 21.0 — — — 21.0 As at December 31, 2024 $ 2,131.7 $ 1,625.2 $ 510.3 $ 1,057.9 $ 5,325.1 Cost as at December 31, 2024 $ 4,244.5 $ 2,496.7 $ 562.9 $ 2,192.4 $ 9,496.5 Accumulated depreciation and impairments (2,112.8) (871.5) (52.6) (1,134.5) (4,171.4) Carrying value – December 31, 2024 $ 2,131.7 $ 1,625.2 $ 510.3 $ 1,057.9 $ 5,325.1 (1) Includes $1.4 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2024. (2) Excludes $50.7 million of depreciation and amortization related to the net realizable value adjustments on inventories (Note 12). Mining Properties Depletable Non-depletable Reserves Reserves Exploration Plant and Total Carrying value As at January 1, 2023 Net of accumulated depreciation $ 962.7 $ 442.2 $ 428.5 $ 393.0 $ 2,226.4 Additions 315.5 21.0 25.2 71.5 433.2 Yamana acquisition (Note 8) 1,474.1 2,667.8 205.4 707.1 5,054.4 Net smelter return royalties acquired (Note 9) — — 101.1 — 101.1 Disposals (1.4) — (0.1) (6.5) (8.0) Disposition of subsidiaries (Note 9) — (1,436.4) (142.1) — (1,578.5) Depreciation and amortization (1) (297.2) (1.8) — (187.0) (486.0) Depreciation charge captured in inventory (0.2) — — — (0.2) Impairment charge (Note 15) 10.3 (42.4) — (46.5) (78.6) Transfers (62.6) (18.3) 14.2 66.7 — Closure and decommissioning – changes in estimate (Note 18) 11.3 — — — 11.3 As at December 31, 2023 $ 2,412.5 $ 1,632.1 $ 632.2 $ 998.3 $ 5,675.1 Cost as at December 31, 2023 $ 4,348.5 $ 2,531.4 $ 687.1 $ 2,052.6 $ 9,619.6 Accumulated depreciation and impairments (1,936.0) (899.3) (54.9) (1,054.3) (3,944.5) Carrying value – December 31, 2023 $ 2,412.5 $ 1,632.1 $ 632.2 $ 998.3 $ 5,675.1 (1) Includes $1.8 million of depreciation and amortization included in mine care and maintenance for the year ended December 31, 2023. December 31, 2024 December 31, 2023 Cost Accumulated Carrying Cost Accumulated Carrying Producing: Brazil Jacobina $ 1,617.2 $ (200.1) $ 1,417.1 $ 1,539.1 $ (85.5) $ 1,453.6 Chile El Peñon 496.3 (121.6) 374.7 477.7 (56.7) 421.0 Minera Florida 183.1 (28.9) 154.2 167.6 (15.9) 151.7 Peru Huaron 337.5 (159.1) 178.4 261.6 (146.1) 115.5 Shahuindo 724.6 (331.0) 393.6 690.6 (265.7) 424.9 La Arena — — — 307.9 (178.8) 129.1 Mexico La Colorada 473.8 (241.0) 232.8 443.4 (224.8) 218.6 Dolores 1,748.3 (1,744.1) 4.2 1,777.5 (1,680.7) 96.8 Argentina Cerro Moro (1) 161.8 (61.1) 100.7 142.5 (22.9) 119.6 Bolivia San Vicente 165.6 (136.5) 29.1 160.7 (127.8) 32.9 Canada Timmins 445.3 (197.1) 248.2 400.7 (165.8) 234.9 Other 83.4 (26.9) 56.5 31.9 (19.6) 12.3 $ 6,436.9 $ (3,247.4) $ 3,189.5 $ 6,401.2 $ (2,990.3) $ 3,410.9 Non-Producing: Land $ 13.6 $ (1.0) $ 12.6 $ 14.4 $ (1.0) $ 13.4 Brazil Jacobina 952.4 — 952.4 982.6 — 982.6 Chile El Peñon (2) 227.7 — 227.7 227.7 — 227.7 Minera Florida 28.9 — 28.9 28.9 — 28.9 La Pepa (2) 49.7 — 49.7 49.7 — 49.7 Peru La Arena — — — 117.0 — 117.0 Mexico Minefinders 77.2 (37.5) 39.7 77.2 (37.5) 39.7 La Colorada 139.1 — 139.1 119.1 — 119.1 Argentina Manantial Espejo (3) 493.0 (493.0) — 518.4 (518.4) — Navidad 566.6 (376.2) 190.4 566.6 (376.2) 190.4 Guatemala Escobal 260.6 (5.1) 255.5 257.2 (3.8) 253.4 Canada Timmins 67.9 — 67.9 62.9 — 62.9 Other (4)(5) 182.9 (11.2) 171.7 196.8 (17.4) 179.4 $ 3,059.6 $ (924.0) $ 2,135.6 $ 3,218.5 $ (954.3) $ 2,264.2 Total $ 9,496.5 $ (4,171.4) $ 5,325.1 $ 9,619.7 $ (3,944.6) $ 5,675.1 (1) Includes a commitment to Sandstorm Gold Ltd. ("Sandstorm") to deliver, for 30% of the spot silver price, 20% of the silver produced by Cerro Moro up to a maximum of 1.2 million ounces annually until 7.0 million ounces have been delivered, after which the Company is committed to deliver to Sandstorm 9% of the remaining life of mine silver production for 30% of the spot silver price. As at December 31, 2024, the Company delivered 6.7 million ounces. (2) Includes net smelter royalty interests on the Jeronimo Project ($11.1 million) (2023: $11.1 million). (3) Manantial Espejo was placed on care and maintenance in January 2023. (4) Includes net smelter royalty interests on the MARA Project ($90.0 million) (2023: $90.0 million) . (5)

Impairment (Tables)

Impairment (Tables)	12 Months Ended
Impairment (Tables)	Dec. 31, 2024
Impairment and Reversal of Impairment and Goodwill [Abstract]
Summary Of Impairment Expense	The Company's impairment expense in respect of the following CGUs were as follows: 2024 2023 Shahuindo $ — $ 36.2 Morococha — 42.4 $ — $ 78.6

Other Long-Term Assets (Tables)

Other Long-Term Assets (Tables)	12 Months Ended
Other Long-Term Assets (Tables)	Dec. 31, 2024
Miscellaneous non-current assets [abstract]
Schedule of Other Assets	Other long-term assets consist of: December 31, December 31, Long-term prepaids $ 23.1 $ 9.0 Contingent Consideration (Note 9) 36.8 — Escrow funds 6.2 9.9 Other 6.2 6.2 $ 72.2 $ 25.1

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	12 Months Ended
Accounts Payable and Accrued Liabilities (Tables)	Dec. 31, 2024
Trade and other current payables [abstract]
Schedule of accounts payable and accrued liabilities	Accounts payable and accrued liabilities consist of: December 31, 2024 December 31, 2023 Trade accounts payable (1) $ 194.4 $ 198.2 Royalty payables 38.2 30.1 Other accounts payable and accrued liabilities 118.7 144.2 Payroll and severance liabilities 107.7 85.0 Value added tax liabilities 10.7 9.6 Other tax payables 19.7 30.9 $ 489.4 $ 498.0 (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
Provisions (Tables)	Dec. 31, 2024
Provisions [abstract]
Disclosure of provisions	2024 2023 Reclamation obligations, opening balance $ 447.1 $ 296.2 Reclamation obligations from the Acquisition (Note 8) — 244.0 Dispositions (Note 9) (89.2) (129.9) Revisions in estimates and obligations 74.2 29.9 Expenditures (25.1) (27.3) Accretion expense (Note 25) 31.3 34.2 Reclamation obligations, closing balance $ 438.3 $ 447.1 Litigation 25.4 10.5 Litigation from the Acquisition — 34.6 Dispositions (Note 9) (1.3) (18.2) Total provisions $ 462.4 $ 474.0 Maturity analysis of total provisions: December 31, December 31, Current $ 35.3 $ 41.6 Non-current 427.1 432.4 $ 462.4 $ 474.0

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2024
Disclosure of Leases [Abstract]
Summary of changes in ROU Assets	The following table summarizes changes in ROU assets for the year ended December 31, 2024, which have been recorded in mineral properties, plant and equipment on the SFP: December 31, December 31, Opening net book value $ 105.0 $ 30.3 Additions 57.6 36.8 ROU assets from the Acquisition (Note 8) — 81.4 Depreciation (44.8) (39.2) Dispositions (2.1) (9.0) Other (9.4) 4.7 Closing net book value $ 106.3 $ 105.0
Reconciliation of undiscounted cash flows	The following table presents a reconciliation of the Company's undiscounted cash flows at December 31, 2024 and December 31, 2023 to their present value for the Company's lease obligations: December 31, December 31, Within one year $ 45.8 $ 50.7 Between one and five years 49.1 53.1 Beyond five years 21.5 12.0 Total undiscounted lease obligations 116.4 115.8 Less future interest charges (21.9) (17.9) Total discounted lease obligations 94.5 97.9 Less: current portion of lease obligations (40.6) (45.7) Non-current portion of lease obligations $ 53.9 $ 52.2

Debt (Tables)

Debt (Tables)	12 Months Ended
Debt (Tables)	Dec. 31, 2024
Borrowings [abstract]
Schedule of debt rollforward	December 31, 2023 Repayments Accrued Interest December 31, 2024 Senior note maturing December 2027 $ 273.8 $ — $ 2.1 $ 275.9 Senior note maturing August 2031 409.8 — 9.7 419.5 Other loans 20.1 (6.7) — 13.4 Less: current portion of debt $ (6.7) $ — $ — $ (6.8) Non-current portion of debt $ 697.0 $ (6.7) $ 11.8 $ 702.0 December 31, 2022 Proceeds Repayments Accrued Interest Other (2) The Acquisition (1) Dispositions December 31, 2023 Senior note maturing December 2027 $ — $ — $ — $ 1.5 $ — $ 272.3 $ — $ 273.8 Senior note maturing August 2031 — — — 6.9 — 402.9 — 409.8 SL-Credit Facility 160.0 315.0 (475.0) — — — — — Other loans (1) 33.7 — (228.5) 1.0 (7.0) 252.4 (31.5) 20.1 Less: current portion of debt $ (13.7) $ — $ — $ — $ — $ — $ — $ (6.7) Non-current portion of debt $ 180.0 $ 315.0 $ (703.5) $ 9.4 $ (7.0) $ 927.6 $ (31.5) $ 697.0 (1) In connection with the Acquisition, the Company acquired a loan in MARA ($37 million), a short term loan in Jacobina ($10.3 million) and revolving credit facility in Yamana Corp ($205.0 million). The MARA and Jacobina loans bore effective interest rates of 5.5%, and the revolving credit facility was immediately repaid at the date of Acquisition (Note 8). The Jacobina loan was repaid and the MARA loan was disposed of during the year ended December 31, 2023. (2) Includes a $7.0 million reclassification of debt at La Arena to accounts payables and accrued liabilities.

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	12 Months Ended
Other Long-Term Liabilities (Tables)	Dec. 31, 2024
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) $ 23.6 $ 21.6 Deferred revenue (2) 13.3 13.1 Severance liabilities (3) 57.5 58.5 $ 94.4 $ 93.2 (1) Represents the obligation to deliver future silver production of Navidad pursuant to a silver stream contract. (2) Represents the obligation to deliver 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. (3) Includes $49.6 million (2023 - $50.5 million) of Chilean severances, required by local labour laws, from the Acquisition (Note 8).

Share Capital and Employee Co_2

Share Capital and Employee Compensation Plans (Tables)	12 Months Ended
Share Capital and Employee Compensation Plans (Tables)	Dec. 31, 2024
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 Outstanding Weighted As at December 31, 2022 377.0 $ 23.01 Granted 167.1 21.18 Expired (14.4) 23.61 Forfeited (16.5) 25.39 As at December 31, 2023 513.2 $ 22.32 Exercised (100.9) 20.07 Forfeited (15.9) 22.25 As at December 31, 2024 396.4 $ 22.90
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, 2024: Options Outstanding Options Exercisable Range of Exercise Prices CAD$ Number Outstanding as at December 31, 2024 Weighted Average Weighted Number Outstanding as at December 31, 2024 Weighted $17.53 - $23.03 332.2 4.9 $ 21.46 169.6 $ 21.11 $23.04 - $28.54 20.4 1.9 $ 26.54 20.4 $ 26.54 $28.55 - $34.04 36.9 3.9 $ 30.70 36.9 $ 30.70 $34.05 - $39.48 6.9 2.9 $ 39.48 6.9 $ 39.48 396.4 4.6 $ 22.90 233.8 $ 23.64
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: 2023 Expected life (years) 4.5 Expected volatility 30.1 % Expected dividend yield 2.7 % Risk-free interest rate 3.8 % Weighted average exercise price (CAD$) $ 21.18 Weighted average fair value (CAD$) $ 6.01
Disclosure of dividends	The Company declared the following dividends for the years ended December 31, 2024 and 2023: Declaration date Record date Dividend per common share February 19, 2025 (1) March 4, 2025 $ 0.10 November 5, 2024 November 18, 2024 $ 0.10 August 7, 2024 August 19, 2024 $ 0.10 May 8, 2024 May 21, 2024 $ 0.10 February 21, 2024 March 4, 2024 $ 0.10 November 7, 2023 November 20, 2023 $ 0.10 August 9, 2023 August 21, 2023 $ 0.10 March 24, 2023 April 14, 2023 $ 0.10 February 22, 2023 March 6, 2023 $ 0.10 (1) These dividends were declared subsequent to the year end and have not been recognized as distributions to owners during the period presented.
PSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of number and aggregate fair value of other equity instruments	The following table summarizes changes in PSUs for the years ended December 31, 2024 and 2023: PSU Number Outstanding Fair Value As at December 31, 2022 288.0 $ 4.8 Granted 534.9 8.7 Paid out (66.0) — Change in value — (1.0) As at December 31, 2023 756.9 $ 12.5 Granted 220.0 4.9 Paid out (79.4) (1.6) Forfeited (17.4) (0.4) Change in value — 2.7 As at December 31, 2024 880.1 $ 18.1
RSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of number and aggregate fair value of other equity instruments	The following table summarizes changes in RSUs for the years ended December 31, 2024 and 2023: RSU Number Outstanding Fair Value As at December 31, 2022 551.8 $ 9.1 Granted 516.2 8.4 Paid out (237.3) (3.9) Forfeited (25.7) (0.4) Change in value — (0.1) As at December 31, 2023 805.0 $ 13.1 Granted 636.7 14.9 Paid out (299.5) (6.1) Forfeited (124.5) (2.5) Change in value — 1.5 As at December 31, 2024 1,017.7 $ 20.9
DSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of number and aggregate fair value of other equity instruments	The following table summarizes changes in DSUs for the years ended December 31, 2024 and 2023: DSU Number Outstanding Fair Value As at December 31, 2022 — $ — Granted 109.0 1.7 Change in value — 0.1 As at December 31, 2023 109.0 $ 1.8 Granted 47.5 1.0 Paid out (25.7) (0.6) Change in value — 0.6 As at December 31, 2024 130.8 $ 2.8

Production Costs (Tables)

Production Costs (Tables)	12 Months Ended
Production Costs (Tables)	Dec. 31, 2024
Analysis of income and expense [abstract]
Schedule of Production Costs	Production costs are comprised of the following: 2024 2023 Materials and consumables $ 604.7 $ 539.0 Salaries and employee benefits (1) 531.1 471.7 Contractors 392.5 341.2 Utilities 75.0 65.8 Insurance 21.1 22.6 Other expense 52.9 31.6 Changes in inventories (2)(3) (43.5) 7.3 $ 1,633.8 $ 1,479.2 (1) Salaries and employee benefits are comprised of: 2024 2023 Wages, salaries and bonuses $ 589.6 $ 536.6 Share-based compensation 0.4 5.5 Total employee compensation and benefit expenses 590.0 542.1 Less: Expensed within General and Administrative expenses (45.8) (38.8) Less: Expensed within Mine Care and Maintenance expenses (10.1) (26.8) Less: Expensed within Exploration expenses (3.0) (4.8) Employee compensation and benefits expenses included in production costs $ 531.1 $ 471.7 (2) Includes NRV adjustments to inventories to increase production costs by $20.6 million for the year ended December 31, 2024 (2023 - decrease by $31.8 million). (3) Includes the sale of inventory with acquisition date fair value adjustments of $41.1 million for the year ended December 31, 2023 resulting from the Yamana Acquisition (Note 8).

Mine Care and Maintenance (Tabl

Mine Care and Maintenance (Tables)	12 Months Ended
Mine Care and Maintenance (Tables)	Dec. 31, 2024
Analysis of income and expense [abstract]
Schedule of Mine Care and Maintenance	2024 2023 Escobal $ 24.1 $ 26.0 Morococha (1) — 17.9 Navidad 1.8 2.8 MARA (2) — 20.4 Manantial Espejo 6.4 13.9 $ 32.3 $ 81.0 (1) Morococha was disposed on September 22, 2023 (Note 9). (2) MARA was disposed on September 20, 2023 (Note 9).

Interest and Finance Expense (T

Interest and Finance Expense (Tables)	12 Months Ended
Interest and Finance Expense (Tables)	Dec. 31, 2024
Borrowing costs [abstract]
Components of Interest and Finance Expense	2024 2023 Interest expense $ 47.6 $ 51.4 Finance fees 5.8 5.8 Accretion expense (Note 18) 31.3 34.2 $ 84.7 $ 91.4

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	12 Months Ended
Earnings Per Share ("EPS") (Tables)	Dec. 31, 2024
Earnings per share [abstract]
Schedule of Earnings Per Share	For the year ended December 31, 2024 2023 Earnings (1) Shares EPS Earnings Shares EPS Net earnings (loss) $ 111.5 $ (103.7) Basic earnings (loss) per share $ 111.5 363,361 $ 0.31 $ (103.7) 326,540 $ (0.32) Effect of dilutive securities: Stock options — 40 — — Diluted earnings (loss) per share $ 111.5 363,401 $ 0.31 $ (103.7) 326,540 $ (0.32) (1) Net earnings attributable to equity holders of the Company. The following securities were excluded in the computation of diluted earnings per share because they were anti-dilutive but they have the potential to dilute basic earnings per share in the future: 2024 2023 Potential dilutive securities: Share options 64.2 513.2 Potential shares from CVR conversion (1) 15,600.0 15,600.0 15,664.2 16,113.2 (1) There were 313.9 million CVRs outstanding at December 31, 2024 (2023 - 313.9 million)

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
Supplemental Cash Flow Information (Tables)	Dec. 31, 2024
Disclosure of cash flow statement [Abstract]
Changes in other operating activities	The following tables summarize other adjustments for non-cash SOE items: Other operating activities 2024 2023 Adjustments for non-cash statement of earnings items: Unrealized foreign exchange (gains) losses $ (21.3) $ 5.6 Losses (gains) on derivatives (Note 10(d)) 25.1 (8.3) Share-based compensation expense (Note 22) 0.4 5.5 Loss from associates — 0.4 Losses (gains) on disposition of mineral properties, plant and equipment 1.4 (1.2) $ 5.6 $ 2.0
Changes in non-cash working capital	The following tables summarize other adjustments for changes in operating working capital items: Changes in non-cash operating working capital items: 2024 2023 Trade and other receivables $ (61.1) $ 45.9 Inventories (67.8) 38.5 Prepaid expenses (18.7) 9.4 Accounts payable and accrued liabilities 22.6 (25.7) Legal provisions (2.8) (14.9) $ (127.8) $ 53.2
Cash and cash equivalents	Cash and Cash Equivalents December 31, December 31, Cash in banks $ 862.8 $ 399.6

Segmented Information (Tables)

Segmented Information (Tables)	12 Months Ended
Segmented Information (Tables)	Dec. 31, 2024
Disclosure of entity's operating segments [Abstract]
Disclosure of Information Relating to Reportable Segments	Significant information relating to the Company’s reportable operating segments is summarized in the table below: For the year ended December 31, 2024 Segment/Country Operation Revenue Production costs and royalties Depreciation Mine operating earnings (losses) Capital expenditures (1) Silver Segment: Mexico La Colorada $ 161.2 $ 118.5 $ 18.2 $ 24.5 $ 55.0 Peru Huaron 172.5 110.6 17.3 44.6 56.5 Bolivia San Vicente 96.3 64.1 7.7 24.5 5.0 Argentina Cerro Moro 241.4 196.7 35.5 9.2 12.2 Guatemala Escobal — — — — 0.9 Total Silver Segment 671.4 489.9 78.7 102.8 129.6 Gold Segment: Mexico Dolores 228.9 185.8 134.7 (91.6) 0.7 Peru Shahuindo 335.0 141.4 50.0 143.6 45.5 La Arena (2) 192.7 112.0 34.1 46.6 17.1 Canada Timmins 293.4 205.1 32.8 55.5 51.6 Brazil Jacobina 477.7 192.3 120.8 164.6 64.3 Chile El Peñon 397.7 217.2 75.1 105.4 36.9 Minera Florida 222.1 155.0 35.2 31.9 21.7 Total Gold Segment 2,147.5 1,208.8 482.7 456.0 237.8 Other segment: Canada Corporate — — 8.6 (8.6) 5.2 Other — — 1.7 (1.7) 1.0 Total $ 2,818.9 $ 1,698.7 $ 571.7 $ 548.5 $ 373.6 (1) Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2) La Arena was sold on December 2, 2024. For the year ended December 31, 2023 Segment/Country Operation Revenue Production costs and royalties Depreciation Mine operating earnings (losses) Capital expenditures (1) Silver Segment: Mexico La Colorada $ 122.5 $ 128.1 $ 22.1 $ (27.7) $ 63.9 Peru Huaron 145.4 105.2 12.9 27.3 36.2 Morococha (2) — — — — 2.1 Bolivia San Vicente 91.5 69.8 9.5 12.2 3.8 Argentina Manantial Espejo (2) 37.7 32.4 2.0 3.3 0.2 Cerro Moro 214.1 160.7 23.1 30.3 25.4 Guatemala Escobal — — — — 2.1 Total Silver Segment 611.2 496.2 69.6 45.4 133.7 Gold Segment: Mexico Dolores 267.5 132.6 114.3 20.6 8.7 Peru Shahuindo 284.7 143.7 45.3 95.7 57.1 La Arena 190.2 122.4 32.4 35.4 21.2 Canada Timmins 260.6 201.4 39.8 19.4 46.9 Brazil Jacobina 287.5 129.9 86.9 70.7 69.9 Chile El Peñon 259.4 184.2 54.2 21.0 18.6 Minera Florida 154.8 124.7 33.3 (3.2) 22.3 Total Gold Segment 1,704.7 1,038.9 406.2 259.6 244.7 Other segment: Canada Corporate 0.2 — 6.2 (6.0) 6.0 Argentina MARA (2) — — 0.1 (0.1) 35.9 Other — — 2.1 (2.1) 2.7 Total $ 2,316.1 $ 1,535.1 $ 484.2 $ 296.8 $ 423.0 (1) Includes payments for mineral properties, plant and equipment and payment of equipment leases. (2) Manantial Espejo was placed on care and maintenance in January 2023. Morococha and MARA were sold in September 2023. At December 31, 2024 Segment/Country Operation Assets Liabilities Net assets Silver Segment: Mexico La Colorada $ 470.8 $ 52.7 $ 418.1 Peru Huaron 231.5 96.3 135.2 Bolivia San Vicente 125.0 64.5 60.5 Argentina Manantial Espejo (1) 2.1 26.4 (24.3) Guatemala Escobal 296.1 18.5 277.6 Argentina Cerro Moro 225.9 112.3 113.6 Total Silver Segment 1,351.4 370.7 980.7 Gold Segment: Mexico Dolores 193.4 169.6 23.8 Peru Shahuindo 625.9 211.6 414.3 Canada Timmins 418.1 84.4 333.7 Brazil Jacobina 2,436.5 444.2 1,992.3 Chile El Peñon 732.2 198.5 533.7 Minera Florida 242.4 122.2 120.2 Total Gold Segment 4,648.5 1,230.5 3,418.0 Other segment: Canada Corporate 820.0 789.9 30.1 Argentina Navidad 192.6 13.3 179.3 Other 190.2 81.7 108.5 Total $ 7,202.7 $ 2,486.1 $ 4,716.6 (1) Manantial Espejo was placed on care and maintenance in January 2023. At December 31, 2023 Segment/Country Operation Assets Liabilities Net assets Silver Segment: Mexico La Colorada $ 428.0 $ 43.8 $ 384.2 Peru Huaron 149.5 61.0 88.5 Bolivia San Vicente 78.6 45.0 33.6 Argentina Manantial Espejo (1) 2.2 18.5 (16.3) Cerro Moro 208.2 104.0 104.2 Guatemala Escobal 290.0 16.4 273.6 Total Silver Segment 1,156.5 288.7 867.8 Gold Segment: Mexico Dolores 372.5 141.7 230.8 Peru Shahuindo 604.0 178.2 425.8 La Arena 383.7 156.6 227.1 Canada Timmins 395.1 78.5 316.6 Brazil Jacobina 2,508.2 437.5 2,070.7 Chile El Peñon 776.0 205.6 570.4 Minera Florida 219.6 103.7 115.9 Total Gold Segment 5,259.1 1,301.8 3,957.3 Other segment: Canada Corporate 438.4 750.2 (311.8) Argentina Navidad 192.1 14.3 177.8 Other 167.0 85.6 81.4 $ 7,213.1 $ 2,440.6 $ 4,772.5 (1) Manantial Espejo was placed on care and maintenance in January 2023. Product Revenue 2024 2023 Refined silver and gold $ 2,369.1 $ 1,954.4 Zinc concentrate 101.3 83.2 Lead concentrate 201.8 163.5 Copper concentrate 71.7 54.6 Silver concentrate 75.0 60.4 Total $ 2,818.9 $ 2,316.1

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2024
Disclosure of income tax [Abstract]
Components of income tax expense	Components of Income Tax Expense 2024 2023 Current tax expense (recovery) Recognized in profit or loss in current year $ 245.3 $ 132.7 Adjustments recognized in the current year with respect to prior years 46.0 0.2 291.3 132.9 Deferred tax expense (recovery) Deferred tax expense (recovery) recognized in the current year 42.4 (101.7) Adjustments recognized in the current year with respect to prior years (2.4) 3.4 Impact of tax rate changes 0.5 — Derecognition of previously recognized deferred tax assets 18.3 3.7 Benefit from previously unrecognized losses, and other temporary differences (12.9) — Impact of impairments on deferred tax assets and liabilities — (3.4) Increase (decrease) in deferred tax liabilities due to tax impact of net realizable adjustments to inventories (18.2) 11.2 27.7 (86.8) Income tax expense $ 319.0 $ 46.1
Reconciliation of effective income tax rate	Reconciliation of Effective Income Tax Rate 2024 2023 Earnings (loss) before taxes and non-controlling interest $ 431.7 $ (58.8) Statutory Canadian income tax rate 27.00 % 27.00 % Income tax expense (recovery) based on above rates $ 116.6 $ (15.9) Increase (decrease) due to: Non-deductible expenditures 13.8 3.2 Foreign tax rate differences (18.7) 2.7 Change in net deferred tax assets not recognized 34.8 66.3 Effect of other taxes paid (mining and withholding) 45.7 22.1 Effect of foreign exchange on tax expense 71.1 (36.0) Non-taxable impact of foreign exchange (6.8) 3.8 Change in non-deductible portion of reclamation liabilities 20.5 1.9 Change in income tax expense related to prior years 40.5 — Changes to opening temporary differences 7.7 3.9 Impact of inflation (4.6) (7.4) Other (1.6) 1.5 Income tax expense $ 319.0 $ 46.1
Analysis of deferred tax assets and liabilities	The following is the analysis of the deferred tax assets (liabilities) presented in the Consolidated Financial Statements: 2024 2023 Net deferred tax liabilities, beginning of year $ (461.2) $ (84.4) Recognized in net earnings in the year (27.7) 86.8 Initial deferred tax liability associated with the Yamana Acquisition (Note 8) — (881.2) Disposition of mining properties (Note 9) 11.7 419.3 Recognized in other comprehensive income (loss) in year (1) — (0.5) Other — (1.2) Net deferred liabilities, end of year (477.2) (461.2) Deferred tax assets 44.5 80.4 Deferred tax liabilities (521.7) (541.6) Net deferred tax liabilities $ (477.2) $ (461.2) (1) Deferred tax impact related to unrealized loss on long-term investment (see Note 10(c)).
Components of deferred tax assets and liabilities	The deferred tax assets (liabilities) are comprised of the various temporary differences, as detailed below: 2024 2023 Deferred tax assets (liabilities) arising from: Closure and decommissioning costs $ 13.1 $ 33.9 Tax losses, resource pools and mining tax credits 109.4 84.6 Mineral properties, plant, and equipment (630.1) (636.0) Other temporary differences and provisions 30.4 56.3 Net deferred tax liabilities $ (477.2) $ (461.2)
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: 2024 2023 Operating tax loss $ 1,360.3 $ 1,236.6 Net capital tax loss 32.2 36.5 Resource pools and other tax credits (1) 135.7 174.7 Mineral properties, plant, and equipment 207.7 314.2 Closure and decommissioning costs 239.6 297.6 Other temporary differences 365.2 211.1 $ 2,340.7 $ 2,270.7 (1) Includes tax credits which will begin to expire after 2027 year end, if unused.
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, 2024 Canada US Peru Mexico Barbados Argentina Chile Brazil Netherlands Total 2025 $ — $ 2.3 $ — $ 0.2 $ 4.7 $ — $ — $ — $ — $ 7.2 2026 — 0.4 — — 2.5 — — — — 2.9 2027 – and after 888.3 115.3 0.6 38.2 25.3 150.5 64.4 59.3 8.3 1,350.2 Total tax losses $ 888.3 $ 118.0 $ 0.6 $ 38.4 $ 32.5 $ 150.5 $ 64.4 $ 59.3 $ 8.3 $ 1,360.3 At December 31, 2023 Canada US Peru Mexico Barbados Argentina Chile Brazil Netherlands Total 2024 $ — $ 15.5 $ 0.3 $ 0.3 $ — $ — $ — $ — $ — $ 16.1 2025 — 9.7 — 0.6 4.7 5.4 — — — 20.4 2026 – and after 695.2 146.1 0.4 2.2 20.9 95.1 146.6 88.2 5.4 1,200.1 Total tax losses $ 695.2 $ 171.3 $ 0.7 $ 3.1 $ 25.6 $ 100.5 $ 146.6 $ 88.2 $ 5.4 $ 1,236.6

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
Related Party Transactions (Tables)	Dec. 31, 2024
Disclosure of related party [Abstract]
Disclosure of information about key management personnel	Key management personnel compensation is comprised of: 2024 2023 Short-term employee benefits (1) $ 16.9 $ 9.9 Post-employment benefits (2) 1.8 1.3 Share-based payments (3) 1.0 4.4 $ 19.7 $ 15.6 (1) Includes annual salary and short-term incentives, RSUs, and PSUs paid by the Company. (2) Includes annual contributions to retirement savings plans made by the Company. (3) Includes annual stock option and compensation shares.

Nature of Operations (Details)

Nature of Operations (Details)	Dec. 02, 2024
La Arena S.A.
Disclosure of subsidiaries [line items]
Disposition percentage	100%

Material Accounting Policy In_4

Material Accounting Policy Information (Details)	12 Months Ended
Material Accounting Policy Information (Details)	Dec. 31, 2024
PSUs
Disclosure of subsidiaries [line items]
Vesting period	3 years
Performance period	3 years
RSUs
Disclosure of subsidiaries [line items]
Vesting period	3 years
Performance period	3 years
Jacobina
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Lake Shore Gold Corp.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Minera Meridian Ltda.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Minera Florida
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Minera Cavancha SpA.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	80%
Plata Panamericana S.A. de C.V.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Compañía Minera Dolores S.A. de C.V.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Pan American Silver Huaron S.A.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Shahuindo S.A.C.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Pan American Silver (Bolivia) S.A.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	95%
Pan American Silver Guatemala S.A.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Minera Tritón Argentina S.A.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Estelar Resources S.A.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Minera Argenta S.A.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	100%
Bottom of range
Disclosure of subsidiaries [line items]
Long-term average commodity price period	3 years
Bottom of range \| Mobile equipment
Disclosure of subsidiaries [line items]
Useful lives of plant and equipment	2 years
Bottom of range \| Buildings and plant facilities
Disclosure of subsidiaries [line items]
Useful lives of plant and equipment	10 years
Top of range
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 \| Mobile equipment
Disclosure of subsidiaries [line items]
Useful lives of plant and equipment	10 years
Top of range \| Buildings and plant facilities
Disclosure of subsidiaries [line items]
Useful lives of plant and equipment	50 years
Weighted average
Disclosure of subsidiaries [line items]
Leach column test duration	150 days

Significant Judgments in Appl_2

Significant Judgments in Applying Accounting Policies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of significant accounting policies [Abstract]
Impairment charges	$ 0	$ 78.6

Management of Capital (Details)

Management of Capital (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity	$ 4,716.6	$ 4,772.5	$ 2,201.6
Total
Equity	$ 4,703.5	$ 4,760.7	$ 2,195.5

Yamana Acquisition - Additional

Yamana Acquisition - Additional Information (Details) shares in Millions, $ in Millions		12 Months Ended
	Mar. 31, 2023 USD ($) shares	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Disclosure of detailed information about business combination [line items]
Value of shares issued	$ 2,823		$ 3,307.9
Revenue of acquiree			916.1
Net earnings of acquiree			6.5
Revenue would have contributed if transaction had occurred January 1, 2023			1,198.3
Pre-tax income would have contributed if transaction had occurred January 1, 2023			30.6
Acquisition related costs		$ 0	$ 25.3
Pan American \| Pan American Shareholders
Disclosure of detailed information about business combination [line items]
Ownership percentage	58%
Pan American \| Former Yamana Shareholders
Disclosure of detailed information about business combination [line items]
Ownership percentage	42%
Yamana
Disclosure of detailed information about business combination [line items]
Percentage acquired	100%
Number of shares issued (shares) \| shares	153.8
Cash received	$ 259.5

Yamana Acquisition - Considerat

Yamana Acquisition - Consideration Transferred (Details) $ / shares in Units, shares in Millions, $ in Millions		12 Months Ended
	Mar. 31, 2023 USD ($) shares	Dec. 31, 2023 USD ($)	Mar. 30, 2023 $ / shares
Disclosure of detailed information about business combination [line items]
Consideration \| $	$ 2,823	$ 3,307.9
Closing share price (dollars per share) \| $ / shares			$ 18.36
Yamana
Disclosure of detailed information about business combination [line items]
Shares \| shares	153.8

Yamana Acquisition - Assets Acq

Yamana Acquisition - Assets Acquired and Liabilities Assumed (Details) - Yamana $ in Millions	Mar. 31, 2023 USD ($)
Assets acquired
Cash and cash equivalents	$ 259.5
Investments	59.5
Accounts receivable	20.4
Income tax receivables	19.4
Value added tax receivables	54
Inventories	247.5
Mineral properties, plant and equipment	5,054.4
Other assets	59.4
Liabilities assumed
Accounts payable	(215.3)
Income tax payables	(22.4)
Provision for closure and decommissioning liabilities	(244)
Litigation provisions	(34.6)
Lease obligations	(81.4)
Debt	(927.6)
Other long-term liabilities	(59.7)
Deferred taxes	(881.2)
Net assets acquired	3,307.9
Non-controlling interests	(484.9)
Net assets attributable to Pan American	2,823
Adjustments
Trade receivables	0.5
Other receivables	19.9
Senior notes
Liabilities assumed
Debt	(675.2)
Revolving Credit Facility
Liabilities assumed
Debt	(205)
MARA Loan
Liabilities assumed
Debt	(37)
Short-Term Loan
Liabilities assumed
Debt	$ (10.4)

Dispositions - Schedule of Disp

Dispositions - Schedule of Disposals (Details) - USD ($) $ in Millions					12 Months Ended
	Dec. 02, 2024	Nov. 06, 2023	Sep. 22, 2023	Sep. 20, 2023	Dec. 31, 2024	Dec. 31, 2023
Disposal Group [Line Items]
Cash proceeds					$ 306.6	$ 549.1
Net smelter return royalty						101.1
Net proceeds						650.2
Cash and cash equivalents						194.1
Other current assets						14
Mineral properties, plant and equipment						1,578.5
Other non-current assets						3.9
Other current liabilities						(39)
Provisions						(148.1)
Deferred tax liabilities						(419.3)
Long-term debt						(31.5)
Other long-term liabilities						(19.4)
Net carrying amount						1,133.2
Non-controlling interest						(489.7)
Net assets attributable to Pan American						643.5
Gain on disposal						$ 6.7
Working capital adjustments					$ 61.6
La Arena
Disposal Group [Line Items]
Cash proceeds	$ 306.6
Net smelter return royalty	29.7
Contingent consideration	36.8
Net proceeds	373.1
Cash and cash equivalents	16.2
Trade and other receivables	29.6
Inventories	134.2
Mineral properties, plant and equipment	223.2
Other non-current assets	0.1
Accounts payable and accrued liabilities	(55.1)
Other current liabilities	(15.6)
Provisions	(86.5)
Other long-term liabilities	(12.3)
Net assets attributable to Pan American	233.8
Add: Costs directly attributable to the disposal	1.9
Gain on disposal	$ 137.4
MARA
Disposal Group [Line Items]
Cash proceeds				$ 475
Net smelter return royalty				90
Net proceeds				565
Cash and cash equivalents				188.4
Other current assets				9.1
Mineral properties, plant and equipment				1,400.5
Other non-current assets				3.1
Other current liabilities				(27)
Provisions				(133.2)
Deferred tax liabilities				(380.4)
Long-term debt				(31.5)
Other long-term liabilities				(19.3)
Net carrying amount				1,009.7
Non-controlling interest				(444.7)
Net assets attributable to Pan American				565
Gain on disposal				$ 0
Morococha
Disposal Group [Line Items]
Cash proceeds			$ 28.6
Net smelter return royalty			0
Net proceeds			28.6
Cash and cash equivalents			5.6
Other current assets			4.8
Mineral properties, plant and equipment			35.8
Other non-current assets			0.8
Other current liabilities			(11.6)
Provisions			(11.2)
Deferred tax liabilities			(0.1)
Long-term debt			0
Other long-term liabilities			(0.1)
Net carrying amount			24
Non-controlling interest			(2.1)
Net assets attributable to Pan American			21.9
Gain on disposal			6.7
Working capital adjustments			$ 3.6
Agua de la Falda project
Disposal Group [Line Items]
Cash proceeds		$ 45.5
Net smelter return royalty		11.1
Net proceeds		56.6
Cash and cash equivalents		0.1
Other current assets		0.1
Mineral properties, plant and equipment		142.2
Other non-current assets		0
Other current liabilities		(0.4)
Provisions		(3.7)
Deferred tax liabilities		(38.8)
Long-term debt		0
Other long-term liabilities		0
Net carrying amount		99.5
Non-controlling interest		(42.9)
Net assets attributable to Pan American		56.6
Gain on disposal		$ 0

Dispositions - Narrative (Detai

Dispositions - Narrative (Details) $ in Millions					1 Months Ended	3 Months Ended	12 Months Ended
Dispositions - Narrative (Details) $ in Millions	Dec. 02, 2024 USD ($)	Nov. 06, 2023 USD ($)	Sep. 22, 2023 USD ($)	Sep. 20, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Disposal Group [Line Items]
Cash proceeds							$ 306.6	$ 549.1
Net smelter return royalty								$ 101.1
La Arena
Disposal Group [Line Items]
Ownership interest sold	100%
Cash proceeds	$ 306.6
Cash proceeds, net of working capital adjustments	$ 245
Royalty percentage	1.50%
Contingent consideration, maximum	$ 50
Net smelter return royalty	29.7
Contingent consideration	$ 36.8
La Arena \| Discount rate \| Net smelter return royalty
Disposal Group [Line Items]
Unobservable input	0.080
La Arena \| Discount rate \| Contingent consideration
Disposal Group [Line Items]
Unobservable input	0.075
MARA
Disposal Group [Line Items]
Ownership interest sold				56.25%
Cash proceeds				$ 475
Royalty percentage				0.75%
Net smelter return royalty				$ 90
Ownership interest in property				100%
MARA \| Discount rate
Disposal Group [Line Items]
Unobservable input				0.08
Morococha
Disposal Group [Line Items]
Ownership interest sold			92.30%
Cash proceeds			$ 28.6
Net smelter return royalty			$ 0
Deposit received						$ 5
Impairment charge					$ 42.4
Agua de la Falda project
Disposal Group [Line Items]
Ownership interest sold		57.74%
Cash proceeds		$ 45.5
Net smelter return royalty		$ 11.1
Agua de la Falda project \| Discount rate
Disposal Group [Line Items]
Unobservable input		0.06
Agua de la Falda project precious metals
Disposal Group [Line Items]
Royalty percentage		1.25%
Agua de la Falda project, base metals
Disposal Group [Line Items]
Royalty percentage		0.20%

Financial Instruments - Financi

Financial Instruments - Financial Assets and Liabilities by Category (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	$ 1,082.6	$ 575.4
Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	12.8	0.1
Debt
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	708.8	703.7
Cash and cash equivalents
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	862.8	399.6
Trade receivables from provisional concentrate sales
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	31.2	17.5
Receivable not arising from sale of metal concentrates
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	127.3	110.1
Investments
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	24.5	41.3
Contingent consideration
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	36.8
Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets		6.9
Amortized cost \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	0	0
Amortized cost \| Debt
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	708.8	703.7
FVTPL \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	12.8	0.1
FVTPL \| Debt
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	0	0
FVTOCI \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	0	0
FVTOCI \| Debt
Disclosure of Financial Assets and Liabilities [Line Items]
Financial liabilities	0	0
Amortized cost
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	990.1	509.7
Amortized cost \| Cash and cash equivalents
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	862.8	399.6
Amortized cost \| Trade receivables from provisional concentrate sales
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
Amortized cost \| Receivable not arising from sale of metal concentrates
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	127.3	110.1
Amortized cost \| Investments
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
Amortized cost \| Contingent consideration
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0
Amortized cost \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets		0
FVTPL
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	91.7	62.5
FVTPL \| Cash and cash equivalents
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
FVTPL \| Trade receivables from provisional concentrate sales
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	31.2	17.5
FVTPL \| Receivable not arising from sale of metal concentrates
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
FVTPL \| Investments
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	23.7	38.1
FVTPL \| Contingent consideration
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	36.8
FVTPL \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets		6.9
FVTOCI
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0.8	3.2
FVTOCI \| Cash and cash equivalents
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
FVTOCI \| Trade receivables from provisional concentrate sales
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
FVTOCI \| Receivable not arising from sale of metal concentrates
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0	0
FVTOCI \| Investments
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	0.8	3.2
FVTOCI \| Contingent consideration
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets	$ 0
FVTOCI \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Financial assets		$ 0

Financial Instruments - Finan_2

Financial Instruments - Financial Assets Recorded at FVTPL (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of financial assets [line items]
Gains (losses) on financial assets at fair value through profit or loss	$ (25.1)	$ 8.3
Equity securities \| FVTPL \| Investments
Disclosure of financial assets [line items]
Unrealized losses on investments	(14.3)	(6.5)
Realized gains on investments	0	1
Gains (losses) on financial assets at fair value through profit or loss	$ (14.3)	$ (5.5)

Financial Instruments - Finan_3

Financial Instruments - Financial Assets Recorded at FVTOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of financial assets [line items]
Gains (losses) on financial assets at fair value through profit or loss	$ (25.1)	$ 8.3
Income tax expense related to investments	0	0.5
Equity securities \| FVTOCI \| Investments
Disclosure of financial assets [line items]
Unrealized losses on investments	(0.5)	(5.4)
Realized gains on investments	0.1	(18.8)
Gains (losses) on financial assets at fair value through profit or loss	$ (0.4)	$ (24.2)

Financial Instruments - Derivat

Financial Instruments - Derivative Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Gains (losses) on financial instruments [abstract]
Gains (losses) on financial assets at fair value through profit or loss	$ (25.1)	$ 8.3
Derivatives
Gains (losses) on financial instruments [abstract]
Realized (losses) gains on derivatives	(5.5)	13.8
Unrealized losses on derivatives	(19.6)	(5.5)
Gains (losses) on financial assets at fair value through profit or loss	$ (25.1)	$ 8.3

Financial Instruments - Fair Va

Financial Instruments - Fair Value Hierarchy (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	$ 7,202.7	$ 7,213.1
Liabilities	(2,486.1)	(2,440.6)
Assets (liabilities)	4,716.6	4,772.5
Level 1 \| Recurring fair value measurement
Disclosure of Financial Assets and Liabilities [Line Items]
Assets (liabilities)	24.5	41.3
Level 1 \| Recurring fair value measurement \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Liabilities	0	0
Level 1 \| Recurring fair value measurement \| Investments
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	24.5	41.3
Level 1 \| Recurring fair value measurement \| Trade receivables from provisional concentrate sales
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	0
Level 1 \| Recurring fair value measurement \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	0
Level 1 \| Recurring fair value measurement \| Contingent consideration
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	0
Level 2 \| Recurring fair value measurement
Disclosure of Financial Assets and Liabilities [Line Items]
Assets (liabilities)	18.4	24.3
Level 2 \| Recurring fair value measurement \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Liabilities	(12.8)	(0.1)
Level 2 \| Recurring fair value measurement \| Investments
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	0
Level 2 \| Recurring fair value measurement \| Trade receivables from provisional concentrate sales
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	31.2	17.5
Level 2 \| Recurring fair value measurement \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	6.9
Level 2 \| Recurring fair value measurement \| Contingent consideration
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	0
Level 3 \| Recurring fair value measurement
Disclosure of Financial Assets and Liabilities [Line Items]
Assets (liabilities)	36.8	0
Level 3 \| Recurring fair value measurement \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Liabilities	0	0
Level 3 \| Recurring fair value measurement \| Investments
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	0
Level 3 \| Recurring fair value measurement \| Trade receivables from provisional concentrate sales
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	0
Level 3 \| Recurring fair value measurement \| Derivatives
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	0	0
Level 3 \| Recurring fair value measurement \| Contingent consideration
Disclosure of Financial Assets and Liabilities [Line Items]
Assets	$ 36.8	$ 0

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Trade and other receivables	$ 165.2	$ 138
Value contained in precious metal inventory at refineries	$ 635.1	$ 739.4
Interest earned on cash and short-term investments (percent)	3%	3.20%
Impact of 10% change in interest earned on earnings before taxes	$ 1.2	$ 1.6
Impact of 10% increase in metal prices on revenues	281.3	233.6
Impact of 10% decrease in metal prices on revenues	282.5	235.7
Impact of 10% increase in metal prices on earnings before taxes	5.3	3.3
SL-Credit Facility
Disclosure of detailed information about financial instruments [line items]
Borrowings outstanding	0	$ 0	$ 160
Notional amount	750
Effective interest rate		5.70%
Senior note maturing December 2027
Disclosure of detailed information about financial instruments [line items]
Borrowings outstanding	$ 275.9	$ 273.8	0
Interest rate on borrowings	4.625%
Senior note maturing August 2031
Disclosure of detailed information about financial instruments [line items]
Borrowings outstanding	$ 419.5	409.8	$ 0
Interest rate on borrowings	2.63%
Currency risk
Disclosure of detailed information about financial instruments [line items]
Effect of 10% change in exchange rate on income before taxes	$ 70.9	69
Production concentration risk
Disclosure of detailed information about financial instruments [line items]
Value contained in precious metal inventory at refineries	68.8	10.8
Credit risk
Disclosure of detailed information about financial instruments [line items]
Current advances to suppliers	6.7	10.4
Trade receivables from provisional concentrate sales \| Customer concentration risk
Disclosure of detailed information about financial instruments [line items]
Trade and other receivables	$ 31.2	$ 17.5

Financial Instruments - Exposur

Financial Instruments - Exposure to Credit Risk (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of credit risk exposure [line items]
Cash and investments	$ 862.8	$ 399.6	$ 107
Credit risk
Disclosure of credit risk exposure [line items]
Cash and investments	862.8	399.6
Trade accounts receivable	31.2	17.5
Current advances to suppliers	$ 6.7	$ 10.4

Financial Instruments - Contrac

Financial Instruments - Contractual Maturities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial liabilities [abstract]
Total accounts payable and accrued liabilities	$ 489.4	$ 498
Income tax payables	102.1	32.1
Provisions	462.4	474
Current liabilities	687	624.2
Current provisions	35.3	41.6
Long-term provisions	427.1	432.4
Closure and decommissioning
Disclosure of financial liabilities [abstract]
Provisions	438.3	447.1	$ 296.2
Liquidity risk
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	471.4	491
Severance liabilities	60.4	60.5
Payroll liabilities	10.4	4.9
Total accounts payable and accrued liabilities	542.2	556.4
Income tax payables	102.1	32.1
Other liabilities	12.8
Debt: Repayment of principal	708.8	703.7
Debt: Interest & Standby Fees	135.6	164.6
Provisions	24.1	26.9
Future payroll liabilities	31.4	21.3
Current liabilities	1,557	1,505
Liquidity risk \| Closure and decommissioning
Disclosure of financial liabilities [abstract]
Current provisions	27.7	37.6
Long-term provisions	410.6	409.5
Liquidity risk \| Within 1 year
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	471.4	491
Severance liabilities	7.6	2.1
Payroll liabilities	10.4	4.9
Total accounts payable and accrued liabilities	489.4	498
Income tax payables	102.1	32.1
Other liabilities	12.8
Debt: Repayment of principal	6.8	6.7
Debt: Interest & Standby Fees	28.9	29.1
Provisions	5.4	4
Future payroll liabilities	1.7	2.5
Current liabilities	647.1	572.4
Liquidity risk \| 2 - 3 years
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	0	0
Severance liabilities	12.5	17.2
Payroll liabilities	0	0
Total accounts payable and accrued liabilities	12.5	17.2
Income tax payables	0	0
Other liabilities	0
Debt: Repayment of principal	282.5	11.9
Debt: Interest & Standby Fees	56.8	57.6
Provisions	9	14
Future payroll liabilities	27	17
Current liabilities	387.8	117.7
Liquidity risk \| 4- 5 years
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	0	0
Severance liabilities	7.9	9
Payroll liabilities	0	0
Total accounts payable and accrued liabilities	7.9	9
Income tax payables	0	0
Other liabilities	0
Debt: Repayment of principal	0	275.3
Debt: Interest & Standby Fees	28.5	43.4
Provisions	2.4	1.2
Future payroll liabilities	0	0
Current liabilities	38.8	328.9
Liquidity risk \| After 5 years
Disclosure of financial liabilities [abstract]
Accounts payable and accrued liabilities other than:	0	0
Severance liabilities	32.4	32.2
Payroll liabilities	0	0
Total accounts payable and accrued liabilities	32.4	32.2
Income tax payables	0	0
Other liabilities	0
Debt: Repayment of principal	419.5	409.8
Debt: Interest & Standby Fees	21.4	34.5
Provisions	7.3	7.7
Future payroll liabilities	2.7	1.8
Current liabilities	$ 483.3	$ 486

Financial Instruments - Expos_2

Financial Instruments - Exposure to Currency Risk (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	$ 862.8	$ 399.6	$ 107
Deferred tax assets and liabilities	(477.2)	(461.2)
Gains (losses) on change in value of foreign currency basis spreads, net of tax	(25.4)	7.7
Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	69	68.4
Other current and non-current assets	113.4	83.3
Income taxes receivable (payable), current and non- current	(73.8)	28.3
Accounts payable and accrued liabilities and non- current liabilities	(342.4)	(408.8)
Deferred tax assets and liabilities	(475.5)	(461.2)
Canadian dollar
Disclosure of nature and extent of risks arising from financial instruments [line items]
Gains (losses) on change in value of foreign currency basis spreads, net of tax	(5.5)	4.1
Canadian dollar \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	40.3	47.6
Other current and non-current assets	6.5	4.6
Income taxes receivable (payable), current and non- current	(7.2)	8
Accounts payable and accrued liabilities and non- current liabilities	(67.2)	(56.1)
Deferred tax assets and liabilities	(8.6)	12
Mexican peso
Disclosure of nature and extent of risks arising from financial instruments [line items]
Gains (losses) on change in value of foreign currency basis spreads, net of tax	(2.7)	2.5
Mexican peso \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	7.9	3.2
Other current and non-current assets	19.9	14.3
Income taxes receivable (payable), current and non- current	12.8	11.4
Accounts payable and accrued liabilities and non- current liabilities	(28.4)	(54)
Deferred tax assets and liabilities	12.7	33.9
Argentine peso \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	0.1	0.4
Other current and non-current assets	43.6	21.5
Income taxes receivable (payable), current and non- current	0.6	0
Accounts payable and accrued liabilities and non- current liabilities	(73.7)	(79)
Deferred tax assets and liabilities	(10.4)	(12.1)
Bolivian boliviano \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	10	9.2
Other current and non-current assets	8.7	8
Income taxes receivable (payable), current and non- current	(18)	(7)
Accounts payable and accrued liabilities and non- current liabilities	(7)	(7.6)
Deferred tax assets and liabilities	(0.2)	(3.8)
European euro \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	0	0.1
Other current and non-current assets	0	0
Income taxes receivable (payable), current and non- current	0	(2.2)
Accounts payable and accrued liabilities and non- current liabilities	(0.1)	(0.1)
Deferred tax assets and liabilities	0	0
Peruvian sol
Disclosure of nature and extent of risks arising from financial instruments [line items]
Gains (losses) on change in value of foreign currency basis spreads, net of tax	0.2	2.9
Peruvian sol \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	2.9	6.1
Other current and non-current assets	25.2	22
Income taxes receivable (payable), current and non- current	(31.6)	5.1
Accounts payable and accrued liabilities and non- current liabilities	(39.8)	(87.2)
Deferred tax assets and liabilities	(55.3)	(68.1)
Guatemala quetzal \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	0.1	0.2
Other current and non-current assets	0.1	0.1
Income taxes receivable (payable), current and non- current	0	(0.1)
Accounts payable and accrued liabilities and non- current liabilities	(6.2)	(9.6)
Deferred tax assets and liabilities	0	0
Chilean peso
Disclosure of nature and extent of risks arising from financial instruments [line items]
Gains (losses) on change in value of foreign currency basis spreads, net of tax	(6.4)	(3)
Chilean peso \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	6.6	1.2
Other current and non-current assets	5.5	7.2
Income taxes receivable (payable), current and non- current	(15.9)	18.5
Accounts payable and accrued liabilities and non- current liabilities	(77.1)	(75.9)
Deferred tax assets and liabilities	(61.3)	(89.8)
Brazilian real
Disclosure of nature and extent of risks arising from financial instruments [line items]
Gains (losses) on change in value of foreign currency basis spreads, net of tax	(11)	1.2
Brazilian real \| Currency risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and investments	1.1	0.4
Other current and non-current assets	3.9	5.6
Income taxes receivable (payable), current and non- current	(14.5)	(5.4)
Accounts payable and accrued liabilities and non- current liabilities	(42.9)	(39.3)
Deferred tax assets and liabilities	$ (352.4)	$ (333.3)

Investments (Details)

Investments (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]
Fair Value	$ 24.5	$ 41.3
Cost	34.9	37.3
Accumulated unrealized holding gains (losses)	$ (10.4)	$ 4

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	12 Months Ended
Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of inventories [Line Items]
Total inventories	$ 635.1	$ 739.4
Less: current portion of inventories	(605.7)	(711.6)
Non-current portion of inventories	29.4	27.8
Inventories, at net realisable value	76.2	170
Write downs, including net realizable value adjustments	71.3
Depreciation and amortization from net realizable value adjustments	50.7
Write downs (recoveries)	20.6	(31.8)
Escobal
Disclosure of inventories [Line Items]
Non-current portion of inventories	22.1	20.5
Concentrate inventory
Disclosure of inventories [Line Items]
Total inventories	31.8	21.3
Stockpile ore
Disclosure of inventories [Line Items]
Total inventories	67.8	67.2
Non-current portion of inventories		0.7
Heap leach inventory and in process
Disclosure of inventories [Line Items]
Total inventories	223.5	338.6
Non-current portion of inventories	4.1	70.1
Doré and finished inventory
Disclosure of inventories [Line Items]
Total inventories	131.1	121.1
Materials and supplies
Disclosure of inventories [Line Items]
Total inventories	$ 180.9	$ 191.2

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]
Insurance prepaids	$ 7.8	$ 7.4
Other prepaids	23.8	22.3
Derivative assets	0	6.9
Other current assets	$ 31.6	$ 36.6

Mineral Properties, Plant and_3

Mineral Properties, Plant and Equipment - Rollforward of Carrying Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	$ 5,675.1	$ 2,226.4
Additions	394.4	433.2
Yamana acquisition (Note 8)		5,054.4
Net smelter return royalty acquired (Note 9)	29.7	101.1
Disposals	(8.5)	(8)
Disposition of subsidiaries (Note 9)	(223.2)	(1,578.5)
Depreciation, property, plant and equipment	(522.4)	(486)
Depreciation charge captured in inventory	(41)	(0.2)
Impairment charges		(78.6)
Transfers	0	0
Closure and decommissioning – changes in estimate (Note 18)	21	11.3
Carrying value, ending	5,325.1	5,675.1
Depreciation and amortization included in mine care and maintenance	1.4	1.8
Depreciation and amortization from net realizable value adjustments	50.7
Cost
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	9,619.6
Carrying value, ending	9,496.5	9,619.6
Accumulated depreciation and impairments
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(3,944.5)
Carrying value, ending	(4,171.4)	(3,944.5)
Other property, plant and equipment
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	998.3	393
Additions	83.2	71.5
Yamana acquisition (Note 8)		707.1
Net smelter return royalty acquired (Note 9)	0	0
Disposals	(6.7)	(6.5)
Disposition of subsidiaries (Note 9)	(2.5)	0
Depreciation, property, plant and equipment	(208.8)	(187)
Depreciation charge captured in inventory	0	0
Impairment charges		(46.5)
Transfers	194.4	66.7
Closure and decommissioning – changes in estimate (Note 18)	0	0
Carrying value, ending	1,057.9	998.3
Other property, plant and equipment \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	2,052.6
Carrying value, ending	2,192.4	2,052.6
Other property, plant and equipment \| Accumulated depreciation and impairments
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(1,054.3)
Carrying value, ending	(1,134.5)	(1,054.3)
Depletable, Reserves and Resources \| Mining property
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	2,412.5	962.7
Additions	287.5	315.5
Yamana acquisition (Note 8)		1,474.1
Net smelter return royalty acquired (Note 9)	0	0
Disposals	(1)	(1.4)
Disposition of subsidiaries (Note 9)	(103.7)	0
Depreciation, property, plant and equipment	(312.2)	(297.2)
Depreciation charge captured in inventory	(41)	(0.2)
Impairment charges		10.3
Transfers	(131.4)	(62.6)
Closure and decommissioning – changes in estimate (Note 18)	21	11.3
Carrying value, ending	2,131.7	2,412.5
Depletable, Reserves and Resources \| Mining property \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	4,348.5
Carrying value, ending	4,244.5	4,348.5
Depletable, Reserves and Resources \| Mining property \| Accumulated depreciation and impairments
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(1,936)
Carrying value, ending	(2,112.8)	(1,936)
Non-depletable, Reserves and Resources \| Mining property
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	1,632.1	442.2
Additions	21.6	21
Yamana acquisition (Note 8)		2,667.8
Net smelter return royalty acquired (Note 9)	0	0
Disposals	(0.8)	0
Disposition of subsidiaries (Note 9)	0	(1,436.4)
Depreciation, property, plant and equipment	(1.4)	(1.8)
Depreciation charge captured in inventory	0	0
Impairment charges		(42.4)
Transfers	(26.3)	(18.3)
Closure and decommissioning – changes in estimate (Note 18)	0	0
Carrying value, ending	1,625.2	1,632.1
Non-depletable, Reserves and Resources \| Mining property \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	2,531.4
Carrying value, ending	2,496.7	2,531.4
Non-depletable, Reserves and Resources \| Mining property \| Accumulated depreciation and impairments
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(899.3)
Carrying value, ending	(871.5)	(899.3)
Non-depletable, Exploration and Evaluation \| Mining property
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	632.2	428.5
Additions	2.1	25.2
Yamana acquisition (Note 8)		205.4
Net smelter return royalty acquired (Note 9)		101.1
Disposals	0	(0.1)
Disposition of subsidiaries (Note 9)	(117)	(142.1)
Depreciation, property, plant and equipment	0	0
Depreciation charge captured in inventory	0	0
Impairment charges		0
Transfers	(36.7)	14.2
Closure and decommissioning – changes in estimate (Note 18)	0	0
Carrying value, ending	510.3	632.2
Non-depletable, Exploration and Evaluation \| Mining property \| Cost
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	687.1
Carrying value, ending	562.9	687.1
Non-depletable, Exploration and Evaluation \| Mining property \| Accumulated depreciation and impairments
Disclosure of detailed information about property, plant and equipment [line items]
Carrying value, beginning	(54.9)
Carrying value, ending	$ (52.6)	$ (54.9)

Mineral Properties, Plant and_4

Mineral Properties, Plant and Equipment - Carrying Value (Details) oz in Millions, $ in Millions	Dec. 31, 2024 USD ($) oz	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	$ 5,325.1	$ 5,675.1	$ 2,226.4
Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	3,189.5	3,410.9
Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	2,135.6	2,264.2
Cost
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	9,496.5	9,619.6
Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	6,436.9	6,401.2
Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	3,059.6	3,218.5
Accumulated depreciation and impairments
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(4,171.4)	(3,944.5)
Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(3,247.4)	(2,990.3)
Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(924)	(954.3)
Land \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	12.6	13.4
Land \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	13.6	14.4
Land \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(1)	(1)
Jacobina \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	1,417.1	1,453.6
Jacobina \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	952.4	982.6
Jacobina \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	1,617.2	1,539.1
Jacobina \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	952.4	982.6
Jacobina \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(200.1)	(85.5)
Jacobina \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
El Peñon \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	374.7	421
El Peñon \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	227.7	227.7
El Peñon \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	496.3	477.7
El Peñon \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	227.7	227.7
El Peñon \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(121.6)	(56.7)
El Peñon \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Minera Florida \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	154.2	151.7
Minera Florida \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	28.9	28.9
Minera Florida \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	183.1	167.6
Minera Florida \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	28.9	28.9
Minera Florida \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(28.9)	(15.9)
Minera Florida \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Le Pepa \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	49.7	49.7
Le Pepa \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	49.7	49.7
Le Pepa \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Huaron \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	178.4	115.5
Huaron \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	337.5	261.6
Huaron \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(159.1)	(146.1)
Shahuindo \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	393.6	424.9
Shahuindo \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	724.6	690.6
Shahuindo \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(331)	(265.7)
La Arena \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	129.1
La Arena \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	117
La Arena \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	307.9
La Arena \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	117
La Arena \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	(178.8)
La Arena \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Minefinders \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	39.7	39.7
Minefinders \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	77.2	77.2
Minefinders \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(37.5)	(37.5)
La Colorada \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	232.8	218.6
La Colorada \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	139.1	119.1
La Colorada \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	473.8	443.4
La Colorada \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	139.1	119.1
La Colorada \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(241)	(224.8)
La Colorada \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Dolores \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	4.2	96.8
Dolores \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	1,748.3	1,777.5
Dolores \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	$ (1,744.1)	(1,680.7)
Cerro Moro
Disclosure of detailed information about property, plant and equipment [line items]
Commitment to deliver silver produced, percentage of spot silver price	30%
Commitment to deliver silver produced, percentage of produced silver until threshold met	20%
Commitment to deliver silver produced, maximum annual amount (in ounces) \| oz	1.2
Commitment to deliver silver produced, threshold amount (in ounces) \| oz	7
Commitment to deliver silver produced, percentage of produced silver after threshold met	9%
Commitment to deliver silver produced, actual amount delivered (in ounces) \| oz	6.7
Cerro Moro \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	$ 100.7	119.6
Cerro Moro \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	161.8	142.5
Cerro Moro \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(61.1)	(22.9)
San Vicente \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	29.1	32.9
San Vicente \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	165.6	160.7
San Vicente \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(136.5)	(127.8)
Manantial Espejo \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Manantial Espejo \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	493	518.4
Manantial Espejo \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(493)	(518.4)
Navidad \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	190.4	190.4
Navidad \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	566.6	566.6
Navidad \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(376.2)	(376.2)
Escobal \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	255.5	253.4
Escobal \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	260.6	257.2
Escobal \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(5.1)	(3.8)
Timmins \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	248.2	234.9
Timmins \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	67.9	62.9
Timmins \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	445.3	400.7
Timmins \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	67.9	62.9
Timmins \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(197.1)	(165.8)
Timmins \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	0	0
Other \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	56.5	12.3
Other \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	171.7	179.4
Other \| Cost \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	83.4	31.9
Other \| Cost \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	182.9	196.8
Other \| Accumulated depreciation and impairments \| Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(26.9)	(19.6)
Other \| Accumulated depreciation and impairments \| Non-Producing:
Disclosure of detailed information about property, plant and equipment [line items]
Mineral properties, plant and equipment	(11.2)	(17.4)
Jeronimo
Disclosure of detailed information about property, plant and equipment [line items]
Net smelter royalty interest	11.1
MARA
Disclosure of detailed information about property, plant and equipment [line items]
Net smelter royalty interest	90	90
La Arena II
Disclosure of detailed information about property, plant and equipment [line items]
Net smelter royalty interest	$ 29.7	$ 0

Impairment - Summary Of Impairm

Impairment - Summary Of Impairment Expense (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss			$ 0	$ 78.6
Shahuindo
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss	$ 36.2		0	36.2
Morococha
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss		$ 42.4	$ 0	$ 42.4

Impairment - Narrative (Details

Impairment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
Impairment - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss			$ 0	$ 78.6
Inventories, at net realisable value	$ 170		76.2	170
Shahuindo
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss	$ 36.2		0	36.2
Morococha
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss		$ 42.4	$ 0	$ 42.4
Carrying value		$ 25

Other Long-Term Assets (Details

Other Long-Term Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Miscellaneous non-current assets [abstract]
Long-term prepaids	$ 23.1	$ 9
Contingent Consideration (Note 9)	36.8	0
Escrow funds	6.2	9.9
Other	6.2	6.2
Other long-term assets	$ 72.2	$ 25.1

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Trade and other current payables [abstract]
Trade accounts payable	$ 194.4	$ 198.2
Royalty payables	38.2	30.1
Other accounts payable and accrued liabilities	118.7	144.2
Payroll and severance liabilities	107.7	85
Value added tax liabilities	10.7	9.6
Other tax payables	19.7	30.9
Total accounts payable and accrued liabilities	$ 489.4	$ 498

Provisions - Activity (Details)

Provisions - Activity (Details) - USD ($) $ in Millions	12 Months Ended
Provisions - Activity (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of other provisions [line items]
Provisions, beginning	$ 474
Provisions, ending	462.4	$ 474
Closure and decommissioning
Disclosure of other provisions [line items]
Provisions, beginning	447.1	296.2
Increase from Acquisition	0	244
Dispositions (Note 9)	(89.2)	(129.9)
Revisions in estimates and obligations	74.2	29.9
Expenditures	(25.1)	(27.3)
Accretion expense (Note 25)	31.3	34.2
Provisions, ending	438.3	447.1
Litigation
Disclosure of other provisions [line items]
Provisions, beginning	10.5
Increase from Acquisition	0	34.6
Dispositions (Note 9)	(1.3)	(18.2)
Provisions, ending	$ 25.4	$ 10.5

Provisions - Current and Non-cu

Provisions - Current and Non-current Provisions (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Provisions [abstract]
Current	$ 35.3	$ 41.6
Non-current	427.1	432.4
Provisions	$ 462.4	$ 474

Provisions - Additional Informa

Provisions - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other provisions [line items]
Provisions	$ 462.4	$ 474
Change in mine reclamation obligations	$ 53.7	15.7
Closure and decommissioning
Disclosure of other provisions [line items]
Inflation rate (percent)	2.50%
Provisions	$ 438.3	447.1	$ 296.2
Accretion charged to earnings as finance expense	31.3	34.2
Reclamation expenditures	25.1	27.3
Litigation
Disclosure of other provisions [line items]
Provisions	25.4	10.5
Provisions, including acquisitions and disposals	$ 24.1	$ 26.9
Bottom of range \| Closure and decommissioning
Disclosure of other provisions [line items]
Inflation rate (percent)		1%
Discount rate (percent)	3%	3%
Top of range \| Closure and decommissioning
Disclosure of other provisions [line items]
Inflation rate (percent)		5%
Discount rate (percent)	10%	11%

Leases - Summary of Changes in

Leases - Summary of Changes in ROU Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Changes in Right-of-Use Assets [Roll Forward]
Balance, beginning of period	$ 105	$ 30.3
Additions	57.6	36.8
ROU assets from the Acquisition (Note 8)	0	81.4
Depreciation, right-of-use assets	(44.8)	(39.2)
Dispositions	(2.1)	(9)
Other	(9.4)	4.7
Balance, end of period	$ 106.3	$ 105

Leases - Reconciliation of Undi

Leases - Reconciliation of Undiscounted Cash Flows (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Total undiscounted lease obligations	$ 116.4	$ 115.8
Less future interest charges	(21.9)	(17.9)
Total discounted lease obligations	94.5	97.9
Less: current portion of lease obligations	(40.6)	(45.7)
Non-current portion of lease obligations	53.9	52.2
Within one year
Lessee, Lease, Description [Line Items]
Total undiscounted lease obligations	45.8	50.7
Between one and five years
Lessee, Lease, Description [Line Items]
Total undiscounted lease obligations	49.1	53.1
Beyond five years
Lessee, Lease, Description [Line Items]
Total undiscounted lease obligations	$ 21.5	$ 12

Debt - Schedule of Debt Rollfor

Debt - Schedule of Debt Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Proceeds		$ 315
Repayments	$ (6.7)	(703.5)
Accrued Interest	11.8	9.4
Other		(7)
Acquisition (Note 8)		927.6
Dispositions		(31.5)
Less: current portion of debt	(6.8)	(6.7)		$ (13.7)
Non-current portion of debt	702	697		$ 180
Yamana
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date			$ 927.6
Senior note maturing December 2027
Disclosure of detailed information about borrowings [line items]
Borrowings	273.8	0
Proceeds		0
Repayments	0	0
Accrued Interest	2.1	1.5
Other		0
Acquisition (Note 8)		272.3
Dispositions		0
Borrowings	275.9	273.8
Senior note maturing December 2027 \| Yamana
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date			283
Senior note maturing August 2031
Disclosure of detailed information about borrowings [line items]
Borrowings	409.8	0
Proceeds		0
Repayments	0	0
Accrued Interest	9.7	6.9
Other		0
Acquisition (Note 8)		402.9
Dispositions		0
Borrowings	419.5	409.8
Senior note maturing August 2031 \| Yamana
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date			$ 500
SL-Credit Facility
Disclosure of detailed information about borrowings [line items]
Borrowings	0	160
Proceeds		315
Repayments		(475)
Accrued Interest		0
Other		0
Acquisition (Note 8)		0
Dispositions		0
Borrowings	0	$ 0
Effective interest rate		5.70%
Other
Disclosure of detailed information about borrowings [line items]
Borrowings	20.1	$ 33.7
Proceeds		0
Repayments	(6.7)	(228.5)
Accrued Interest	0	1
Other	(7)	(7)
Acquisition (Note 8)		252.4
Dispositions		(31.5)
Borrowings	$ 13.4	$ 20.1
MARA Loan
Disclosure of detailed information about borrowings [line items]
Effective interest rate			5.50%
MARA Loan \| Yamana
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date			$ 37
Jacobina Loan
Disclosure of detailed information about borrowings [line items]
Effective interest rate			5.50%
Jacobina Loan \| Yamana
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date			$ 10.3

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Millions		1 Months Ended		12 Months Ended
	Nov. 24, 2023	May 31, 2022	Jun. 30, 2021	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Net repayments					$ 160
Interest expense				$ 35.3	43.1
Senior note maturing December 2027
Disclosure of detailed information about borrowings [line items]
Interest rate on borrowings				4.625%
Borrowings outstanding				$ 275.9	273.8		$ 0
Senior note maturing August 2031
Disclosure of detailed information about borrowings [line items]
Interest rate on borrowings				2.63%
Borrowings outstanding				$ 419.5	$ 409.8		0
SL-Credit Facility
Disclosure of detailed information about borrowings [line items]
Effective interest rate					5.70%
Notional amount				750
Accordion feature				250
Borrowings outstanding				0	$ 0		$ 160
Standby charges on undrawn amounts				2	2
SL-Credit Facility \| Bottom of range
Disclosure of detailed information about borrowings [line items]
Stand-by fee percentage	0.23%
SL-Credit Facility \| Top of range
Disclosure of detailed information about borrowings [line items]
Stand-by fee percentage	0.46%
Construction Loans
Disclosure of detailed information about borrowings [line items]
Borrowings outstanding				$ 13.4	$ 20.1
June 2021 Loan
Disclosure of detailed information about borrowings [line items]
Interest rate on borrowings				3.60%
Borrowings, term			5 years
May 2022 Loan
Disclosure of detailed information about borrowings [line items]
Interest rate on borrowings				2.20%
Borrowings, term		5 years
Yamana
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date						$ 927.6
Yamana \| Senior notes
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date						$ 675.2
Effective interest rate						5.52%
Yamana \| Senior note maturing December 2027
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date						$ 283
Interest rate on borrowings						4.625%
Yamana \| Senior note maturing August 2031
Disclosure of detailed information about borrowings [line items]
Borrowings recognized as of acquisition date						$ 500
Interest rate on borrowings						2.63%
SOFR \| SL-Credit Facility \| Bottom of range
Disclosure of detailed information about borrowings [line items]
Adjustment to base interest rate	1.25%
SOFR \| SL-Credit Facility \| Top of range
Disclosure of detailed information about borrowings [line items]
Adjustment to base interest rate	2.40%
Bank of Nova Scotia's Base Rate \| SL-Credit Facility \| Bottom of range
Disclosure of detailed information about borrowings [line items]
Adjustment to base interest rate	0.15%
Bank of Nova Scotia's Base Rate \| SL-Credit Facility \| Top of range
Disclosure of detailed information about borrowings [line items]
Adjustment to base interest rate	1.30%

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]
Deferred credit	$ 23.6	$ 21.6
Deferred revenue	13.3	13.1
Severance liabilities	57.5	58.5
Other long-term liabilities	94.4	93.2
Contract Liabilities [Line Items]
Severance liabilities	57.5	58.5
Chile
Subclassifications of assets, liabilities and equities [abstract]
Severance liabilities	49.6	50.5
Contract Liabilities [Line Items]
Severance liabilities	$ 49.6	$ 50.5
Gold \| La Colorada
Contract Liabilities [Line Items]
Deferred revenue, percentage	100%
Gold \| La Bolsa
Contract Liabilities [Line Items]
Deferred revenue, percentage	5%

Share Capital and Employee Co_3

Share Capital and Employee Compensation Plans - Additional Information (Details) $ / shares in Units, right in Millions, $ in Millions		2 Months Ended	12 Months Ended
	Feb. 22, 2019 shares right	Feb. 19, 2025 USD ($) $ / shares shares	Dec. 31, 2024 shares right $ / shares	Dec. 31, 2024 USD ($) shares right $ / shares	Dec. 31, 2023 shares right $ / shares	Dec. 31, 2023 USD ($) shares right	Mar. 04, 2024 shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation \| $				$ 0.4		$ 5.5
Number of shares authorised (shares)			800,000,000	800,000,000
Share repurchase authorized (in shares)							18,232,990
Share repurchase authorized, daily maximum (in shares)							151,485
Share repurchase authorized, daily maximum, percentage of average trading volume in the four calendar weeks preceding date of purchase							25%
Common shares repurchased (in shares)				1,720,366		0
Common shares repurchased, average price per share (in USD per share) \| $ / shares				$ 14.16
Common shares repurchased, consideration \| $				$ 24.3
Ordinary share transactions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Common shares repurchased (in shares)		909,012
Common shares repurchased, average price per share (in USD per share) \| $ / shares		$ 22
Common shares repurchased, consideration \| $		$ 20
CVRs \| Tahoe Resources, Inc
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of CVRs issued \| right	313.9
CVR, expiration term	10 years
Number of shares issuable (shares)	15,600,000		15,600,000	15,600,000	15,600,000	15,600,000
Number of CVRs outstanding \| right			313.9	313.9	313.9	313.9
PSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation \| $				$ 6.3		$ 1.5
Performance period				3 years
Vesting period				3 years
Granted (shares)				220,000		534,900
Share price (CAD per share) \| $ / shares			$ 31.52		$ 20.21
RSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation \| $				$ 6.9		$ 2.9
Performance period				3 years
Vesting period				3 years
Granted (shares)				636,700		516,200
RSUs \| First anniversary of grant
Disclosure of terms and conditions of share-based payment arrangement [line items]
Award vesting (percent)				33.30%
RSUs \| Second anniversary of grant
Disclosure of terms and conditions of share-based payment arrangement [line items]
Award vesting (percent)				33.30%
RSUs \| Third anniversary of grant
Disclosure of terms and conditions of share-based payment arrangement [line items]
Award vesting (percent)				33.30%
DSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation \| $				$ 0.5		$ 0.1
Granted (shares)				47,500		109,000

Share Capital and Employee Co_4

Share Capital and Employee Compensation Plans - Option Activity (Details)	12 Months Ended
	Dec. 31, 2024 shares $ / shares	Dec. 31, 2023 shares $ / shares
Disclosure of share-based payment arrangements [Abstract]
Share options outstanding, beginning (shares) \| shares	513,200	377,000
Granted (shares) \| shares		167,100
Exercised (shares) \| shares	(100,900)
Expired (shares) \| shares		(14,400)
Forfeited (shares) \| shares	(15,900)	(16,500)
Share options outstanding, ending (shares) \| shares	396,400	513,200
Outstanding, beginning of period (CAD$ per share) \| $ / shares	$ 22.32	$ 23.01
Granted (CAD$ per share) \| $ / shares		21.18
Exercised (CAD$ per share) \| $ / shares	20.07
Expired (CAD$ per share) \| $ / shares		23.61
Forfeited (CAD$ per share) \| $ / shares	22.25	25.39
Outstanding, end of period (CAD$ per share) \| $ / shares	$ 22.90	$ 22.32

Share Capital and Employee Co_5

Share Capital and Employee Compensation Plans - Options Outstanding and Exercisable (Details)	12 Months Ended
	Dec. 31, 2024 shares $ / shares	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) \| shares	396,400	513,200	377,000
Weighted Average Remaining Contractual Life (years)	4 years 7 months 6 days
Weighted Average Exercise Price (CAD$ per share)	$ 22.90	$ 22.32	$ 23.01
Number Exercisable at Year End (shares) \| shares	233,800
Weighted Average Exercise Price (CAD$ per share)	$ 23.64
Range 1 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) \| shares	332,200
Weighted Average Remaining Contractual Life (years)	4 years 10 months 24 days
Weighted Average Exercise Price (CAD$ per share)	$ 21.46
Number Exercisable at Year End (shares) \| shares	169,600
Weighted Average Exercise Price (CAD$ per share)	$ 21.11
Range 1 [Member] \| Bottom of range
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price (in USD per share)	17.53
Range 1 [Member] \| Top of range
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price (in USD per share)	$ 23.03
Range 2 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) \| shares	20,400
Weighted Average Remaining Contractual Life (years)	1 year 10 months 24 days
Weighted Average Exercise Price (CAD$ per share)	$ 26.54
Number Exercisable at Year End (shares) \| shares	20,400
Weighted Average Exercise Price (CAD$ per share)	$ 26.54
Range 2 [Member] \| Bottom of range
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price (in USD per share)	23.04
Range 2 [Member] \| Top of range
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price (in USD per share)	$ 28.54
Range 3 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) \| shares	36,900
Weighted Average Remaining Contractual Life (years)	3 years 10 months 24 days
Weighted Average Exercise Price (CAD$ per share)	$ 30.70
Number Exercisable at Year End (shares) \| shares	36,900
Weighted Average Exercise Price (CAD$ per share)	$ 30.70
Range 3 [Member] \| Bottom of range
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price (in USD per share)	28.55
Range 3 [Member] \| Top of range
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price (in USD per share)	$ 34.04
Range 4 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Number Outstanding at Year End (shares) \| shares	6,900
Weighted Average Remaining Contractual Life (years)	2 years 10 months 24 days
Weighted Average Exercise Price (CAD$ per share)	$ 39.48
Number Exercisable at Year End (shares) \| shares	6,900
Weighted Average Exercise Price (CAD$ per share)	$ 39.48
Range 4 [Member] \| Bottom of range
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price (in USD per share)	34.05
Range 4 [Member] \| Top of range
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price (in USD per share)	$ 39.48

Share Capital and Employee Co_6

Share Capital and Employee Compensation Plans - Assumptions (Details)	12 Months Ended
	Dec. 31, 2023 year $ / shares
Disclosure of share-based payment arrangements [Abstract]
Expected life (years) \| year	4.5
Expected volatility	30.10%
Expected dividend yield	2.70%
Risk-free interest rate	3.80%
Weighted average exercise price (CAD$)	$ 21.18
Weighted average fair value (CAD$)	$ 6.01

Share Capital and Employee Co_7

Share Capital and Employee Compensation Plans - Performance Share Unit Activity (Details) - PSUs $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments outstanding. beginning (shares) \| shares	756,900	288,000
Granted (shares) \| shares	220,000	534,900
Paid out (shares) \| shares	(79,400)	(66,000)
Forfeited (shares) \| shares	(17,400)
Other equity instruments outstanding, ending (shares) \| shares	880,100	756,900
Fair value of other equity instruments outstanding, beginning	$ 12.5	$ 4.8
Granted, fair value	4.9	8.7
Paid out, fair value	(1.6)	0
Forfeited, fair value	(0.4)
Change in value, fair value	2.7	(1)
Fair value of other equity instruments outstanding, ending	$ 18.1	$ 12.5

Share Capital and Employee Co_8

Share Capital and Employee Compensation Plans - Restricted Stock Unit Activity (Details) - RSUs $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments outstanding. beginning (shares) \| shares	805,000	551,800
Granted (shares) \| shares	636,700	516,200
Paid out (shares) \| shares	(299,500)	(237,300)
Forfeited (shares) \| shares	(124,500)	(25,700)
Other equity instruments outstanding, ending (shares) \| shares	1,017,700	805,000
Fair value of other equity instruments outstanding, beginning	$ 13.1	$ 9.1
Granted, fair value	14.9	8.4
Paid out, fair value	(6.1)	(3.9)
Forfeited, fair value	(2.5)	(0.4)
Change in value, fair value	1.5	(0.1)
Fair value of other equity instruments outstanding, ending	$ 20.9	$ 13.1

Share Capital and Employee Co_9

Share Capital and Employee Compensation Plans - Deferred Stock Unit Activity (Details) - DSUs $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments outstanding. beginning (shares) \| shares	109,000	0
Granted (shares) \| shares	47,500	109,000
Paid out (shares) \| shares	(25,700)
Other equity instruments outstanding, ending (shares) \| shares	130,800	109,000
Fair value of other equity instruments outstanding, beginning	$ 1.8	$ 0
Granted, fair value	1	1.7
Paid out, fair value	(0.6)
Change in value, fair value	0.6	0.1
Fair value of other equity instruments outstanding, ending	$ 2.8	$ 1.8

Share Capital and Employee C_10

Share Capital and Employee Compensation Plans - Dividends (Details) - $ / shares	Feb. 19, 2025	Nov. 05, 2024	Aug. 07, 2024	May 08, 2024	Feb. 21, 2024	Nov. 07, 2023	Aug. 09, 2023	Mar. 24, 2023	Feb. 22, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Dividends (dollars per share)		$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10
Major ordinary share transactions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Dividends (dollars per share)	$ 0.10

Production Costs (Details)

Production Costs (Details) - USD ($) $ in Millions	12 Months Ended
Production Costs (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Analysis of income and expense [abstract]
Materials and consumables	$ 604.7	$ 539
Salaries and employee benefits	531.1	471.7
Contractors	392.5	341.2
Utilities	75	65.8
Insurance	21.1	22.6
Other expense	52.9	31.6
Changes in inventories	(43.5)	7.3
Production costs	$ 1,633.8	$ 1,479.2

Production Costs - Employee Com

Production Costs - Employee Compensation and Benefits Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Production Costs [Line Items]
Wages, salaries and bonuses	$ 589.6	$ 536.6
Share-based compensation	0.4	5.5
Total employee compensation and benefit expenses	590	542.1
Less: Expensed within General and Administrative expenses	(45.8)	(38.8)
Less: Expensed within Mine Care and Maintenance expenses	(10.1)	(26.8)
Less: Expensed within Exploration expenses	(3)	(4.8)
Employee compensation and benefits expenses included in production costs	531.1	471.7
Write downs (recoveries)	$ 20.6	(31.8)
Yamana
Production Costs [Line Items]
Inventory acquisition date fair value adjustments		$ 41.1

Mine Care and Maintenance (Deta

Mine Care and Maintenance (Details) - USD ($) $ in Millions	12 Months Ended
Mine Care and Maintenance (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	$ 32.3	$ 81
Escobal
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	24.1	26
Morococha
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	0	17.9
Navidad
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	1.8	2.8
MARA
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	0	20.4
Manantial Espejo
Disclosure of detailed information about property, plant and equipment [line items]
Mine care and maintenance	$ 6.4	$ 13.9

Interest and Finance Expense (D

Interest and Finance Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Borrowing costs [abstract]
Interest expense	$ 47.6	$ 51.4
Finance fees	5.8	5.8
Accretion expense (Note 18)	31.3	34.2
Interest and finance expense	$ 84.7	$ 91.4

Earnings Per Share ("EPS") (Det

Earnings Per Share ("EPS") (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings per share [abstract]
Net earnings (loss)	$ 111.5	$ (103.7)
Weighted average shares outstanding Basic (shares)	363,361	326,540
Basic earnings (loss) per share (in USD per share)	$ 0.31	$ (0.32)
Effect of dilutive securities:
Stock options (shares)	40	0
Weighted average shares outstanding Diluted (shares)	363,401	326,540
Diluted earnings (loss) per share (in USD per share)	$ 0.31	$ (0.32)

Earnings Per Share ("EPS") (Pot

Earnings Per Share ("EPS") (Potential Dilutive Securities) (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings per share [line items]
Potential dilutive securities (in shares)	15,664,200	16,113,200
Share options
Earnings per share [line items]
Potential dilutive securities (in shares)	64,200	513,200
Potential shares from CVR conversion
Earnings per share [line items]
Potential dilutive securities (in shares)	15,600,000	15,600,000
CVRs
Earnings per share [line items]
Number of shares outstanding	313,900,000	313,900,000

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Other operating activities
Unrealized foreign exchange (gains) losses	$ (21.3)	$ 5.6
Losses (gains) on derivatives (Note 10(d))	25.1	(8.3)
Share-based compensation expense (Note 22)	0.4	5.5
Loss from associates	0	0.4
Losses (gains) on disposition of mineral properties, plant and equipment	1.4	(1.2)
Adjustments for non-cash statement of earnings items	5.6	2
Changes in non-cash operating working capital items:
Trade and other receivables	(61.1)	45.9
Inventories	(67.8)	38.5
Prepaid expenses	(18.7)	9.4
Accounts payable and accrued liabilities	22.6	(25.7)
Legal provisions	(2.8)	(14.9)
Changes in non-cash working capital	(127.8)	53.2
Cash and Cash Equivalents
Cash in banks	$ 862.8	$ 399.6

Segmented Information - Summary

Segmented Information - Summary of Information Relating to Reportable Operating Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of operating segments [line items]
Revenue	$ 2,818.9	$ 2,316.1
Production costs and royalties	1,698.7	1,535.1
Depreciation	571.7	484.2
Gross profit	548.5	296.8
Mine operating earnings (losses)	32.3	81
Capital expenditures	373.6	423
Morococha
Disclosure of operating segments [line items]
Mine operating earnings (losses)	0	17.9
Manantial Espejo
Disclosure of operating segments [line items]
Mine operating earnings (losses)	6.4	13.9
Escobal
Disclosure of operating segments [line items]
Mine operating earnings (losses)	24.1	26
MARA
Disclosure of operating segments [line items]
Mine operating earnings (losses)	0	20.4
Silver Segment:
Disclosure of operating segments [line items]
Revenue	671.4	611.2
Production costs and royalties	489.9	496.2
Depreciation	78.7	69.6
Gross profit	102.8	45.4
Capital expenditures	129.6	133.7
Silver Segment: \| La Colorada \| Mexico
Disclosure of operating segments [line items]
Revenue	161.2	122.5
Production costs and royalties	118.5	128.1
Depreciation	18.2	22.1
Gross profit	24.5	(27.7)
Capital expenditures	55	63.9
Silver Segment: \| Huaron \| Peru
Disclosure of operating segments [line items]
Revenue	172.5	145.4
Production costs and royalties	110.6	105.2
Depreciation	17.3	12.9
Gross profit	44.6	27.3
Capital expenditures	56.5	36.2
Silver Segment: \| Morococha \| Peru
Disclosure of operating segments [line items]
Revenue		0
Production costs and royalties		0
Depreciation		0
Gross profit		0
Capital expenditures		2.1
Silver Segment: \| San Vicente \| Bolivia
Disclosure of operating segments [line items]
Revenue	96.3	91.5
Production costs and royalties	64.1	69.8
Depreciation	7.7	9.5
Gross profit	24.5	12.2
Capital expenditures	5	3.8
Silver Segment: \| Manantial Espejo \| Argentina
Disclosure of operating segments [line items]
Revenue		37.7
Production costs and royalties		32.4
Depreciation		2
Gross profit		3.3
Capital expenditures		0.2
Silver Segment: \| Cerro Moro \| Argentina
Disclosure of operating segments [line items]
Revenue	241.4	214.1
Production costs and royalties	196.7	160.7
Depreciation	35.5	23.1
Gross profit	9.2	30.3
Capital expenditures	12.2	25.4
Silver Segment: \| Escobal \| Guatemala
Disclosure of operating segments [line items]
Revenue	0	0
Production costs and royalties	0	0
Depreciation	0	0
Gross profit	0	0
Capital expenditures	0.9	2.1
Gold Segment:
Disclosure of operating segments [line items]
Revenue	2,147.5	1,704.7
Production costs and royalties	1,208.8	1,038.9
Depreciation	482.7	406.2
Gross profit	456	259.6
Capital expenditures	237.8	244.7
Gold Segment: \| Dolores \| Mexico
Disclosure of operating segments [line items]
Revenue	228.9	267.5
Production costs and royalties	185.8	132.6
Depreciation	134.7	114.3
Gross profit	(91.6)	20.6
Capital expenditures	0.7	8.7
Gold Segment: \| Shahuindo \| Peru
Disclosure of operating segments [line items]
Revenue	335	284.7
Production costs and royalties	141.4	143.7
Depreciation	50	45.3
Gross profit	143.6	95.7
Capital expenditures	45.5	57.1
Gold Segment: \| La Arena \| Peru
Disclosure of operating segments [line items]
Revenue	192.7	190.2
Production costs and royalties	112	122.4
Depreciation	34.1	32.4
Gross profit	46.6	35.4
Capital expenditures	17.1	21.2
Gold Segment: \| Timmins \| Canada
Disclosure of operating segments [line items]
Revenue	293.4	260.6
Production costs and royalties	205.1	201.4
Depreciation	32.8	39.8
Gross profit	55.5	19.4
Capital expenditures	51.6	46.9
Gold Segment: \| Jacobina \| Brazil
Disclosure of operating segments [line items]
Revenue	477.7	287.5
Production costs and royalties	192.3	129.9
Depreciation	120.8	86.9
Gross profit	164.6	70.7
Capital expenditures	64.3	69.9
Gold Segment: \| El Peñon \| Chile
Disclosure of operating segments [line items]
Revenue	397.7	259.4
Production costs and royalties	217.2	184.2
Depreciation	75.1	54.2
Gross profit	105.4	21
Capital expenditures	36.9	18.6
Gold Segment: \| Minera Florida \| Chile
Disclosure of operating segments [line items]
Revenue	222.1	154.8
Production costs and royalties	155	124.7
Depreciation	35.2	33.3
Gross profit	31.9	(3.2)
Capital expenditures	21.7	22.3
Other segment: \| MARA \| Argentina
Disclosure of operating segments [line items]
Revenue		0
Production costs and royalties		0
Depreciation		0.1
Gross profit		(0.1)
Capital expenditures		35.9
Other segment: \| Corporate \| Canada
Disclosure of operating segments [line items]
Revenue	0	0.2
Production costs and royalties	0	0
Depreciation	8.6	6.2
Gross profit	(8.6)	(6)
Capital expenditures	5.2	6
Other segment: \| Other
Disclosure of operating segments [line items]
Revenue	0	0
Production costs and royalties	0	0
Depreciation	1.7	2.1
Gross profit	(1.7)	(2.1)
Capital expenditures	$ 1	$ 2.7

Segmented Information - Schedul

Segmented Information - Schedule of Net Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of operating segments [line items]
Assets	$ 7,202.7	$ 7,213.1
Liabilities	2,486.1	2,440.6
Assets (liabilities)	4,716.6	4,772.5
Silver Segment:
Disclosure of operating segments [line items]
Assets	1,351.4	1,156.5
Liabilities	370.7	288.7
Assets (liabilities)	980.7	867.8
Gold Segment:
Disclosure of operating segments [line items]
Assets	4,648.5	5,259.1
Liabilities	1,230.5	1,301.8
Assets (liabilities)	3,418	3,957.3
La Colorada \| Mexico \| Silver Segment:
Disclosure of operating segments [line items]
Assets	470.8	428
Liabilities	52.7	43.8
Assets (liabilities)	418.1	384.2
Huaron \| Peru \| Silver Segment:
Disclosure of operating segments [line items]
Assets	231.5	149.5
Liabilities	96.3	61
Assets (liabilities)	135.2	88.5
San Vicente \| Bolivia \| Silver Segment:
Disclosure of operating segments [line items]
Assets	125	78.6
Liabilities	64.5	45
Assets (liabilities)	60.5	33.6
Manantial Espejo \| Argentina \| Silver Segment:
Disclosure of operating segments [line items]
Assets	2.1	2.2
Liabilities	26.4	18.5
Assets (liabilities)	(24.3)	(16.3)
Pas Guatemala \| Guatemala \| Silver Segment:
Disclosure of operating segments [line items]
Assets	296.1	290
Liabilities	18.5	16.4
Assets (liabilities)	277.6	273.6
Cerro Moro \| Argentina \| Silver Segment:
Disclosure of operating segments [line items]
Assets	225.9	208.2
Liabilities	112.3	104
Assets (liabilities)	113.6	104.2
Dolores \| Mexico \| Gold Segment:
Disclosure of operating segments [line items]
Assets	193.4	372.5
Liabilities	169.6	141.7
Assets (liabilities)	23.8	230.8
Shahuindo \| Peru \| Gold Segment:
Disclosure of operating segments [line items]
Assets	625.9	604
Liabilities	211.6	178.2
Assets (liabilities)	414.3	425.8
La Arena \| Peru \| Gold Segment:
Disclosure of operating segments [line items]
Assets		383.7
Liabilities		156.6
Assets (liabilities)		227.1
Timmins \| Canada \| Gold Segment:
Disclosure of operating segments [line items]
Assets	418.1	395.1
Liabilities	84.4	78.5
Assets (liabilities)	333.7	316.6
Jacobina \| Brazil \| Gold Segment:
Disclosure of operating segments [line items]
Assets	2,436.5	2,508.2
Liabilities	444.2	437.5
Assets (liabilities)	1,992.3	2,070.7
El Peñon \| Chile \| Gold Segment:
Disclosure of operating segments [line items]
Assets	732.2	776
Liabilities	198.5	205.6
Assets (liabilities)	533.7	570.4
Minera Florida \| Chile \| Gold Segment:
Disclosure of operating segments [line items]
Assets	242.4	219.6
Liabilities	122.2	103.7
Assets (liabilities)	120.2	115.9
Corporate \| Canada \| Other segment:
Disclosure of operating segments [line items]
Assets	820	438.4
Liabilities	789.9	750.2
Assets (liabilities)	30.1	(311.8)
Navidad \| Argentina \| Other segment:
Disclosure of operating segments [line items]
Assets	192.6	192.1
Liabilities	13.3	14.3
Assets (liabilities)	179.3	177.8
Other \| Other segment:
Disclosure of operating segments [line items]
Assets	190.2	167
Liabilities	81.7	85.6
Assets (liabilities)	$ 108.5	$ 81.4

Segmented Information - Revenue

Segmented Information - Revenue by Product (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of products and services [line items]
Revenue	$ 2,818.9	$ 2,316.1
Refined silver and gold
Disclosure of products and services [line items]
Revenue	2,369.1	1,954.4
Zinc concentrate
Disclosure of products and services [line items]
Revenue	101.3	83.2
Lead concentrate
Disclosure of products and services [line items]
Revenue	201.8	163.5
Copper concentrate
Disclosure of products and services [line items]
Revenue	71.7	54.6
Silver concentrate
Disclosure of products and services [line items]
Revenue	$ 75	$ 60.4

Segmented Information - Additio

Segmented Information - Additional Information (Details) - Customer concentration risk - customer	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
100% of concentrate and silver and gold sales revenue
Disclosure of operating segments [line items]
Number of significant customers	25
Total sales
Disclosure of operating segments [line items]
Number of significant customers	3	3
Customer A \| Total sales
Disclosure of operating segments [line items]
Concentration risk (percent)	25%	21%
Customer B \| Total sales
Disclosure of operating segments [line items]
Concentration risk (percent)	20%	21%
Customer C \| Total sales
Disclosure of operating segments [line items]
Concentration risk (percent)	17%	12%

Income Taxes - Components of in

Income Taxes - Components of income tax expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Current tax expense (recovery)
Recognized in profit or loss in current year	$ 245.3	$ 132.7
Change in current tax expense estimated for prior years	46	0.2
Current tax expense (income) and adjustments for current tax of prior periods	291.3	132.9
Deferred tax expense (recovery)
Deferred tax expense (recovery) recognized in the current year	42.4	(101.7)
Adjustments recognized in the current year with respect to prior years	(2.4)	3.4
Impact of tax rate changes	0.5	0
Derecognition of previously recognized deferred tax assets	18.3	3.7
Benefit from previously unrecognized losses, and other temporary differences	(12.9)	0
Impact of impairments on deferred tax assets and liabilities	0	(3.4)
Increase (decrease) in deferred tax liabilities due to tax impact of net realizable adjustments to inventories	(18.2)	11.2
Deferred tax expense	27.7	(86.8)
Income taxes expense	$ 319	$ 46.1

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Income tax expense		$ 46	$ 0.2
Deferred income tax recovery		2.4	(3.4)
Deferred tax liability (asset)		477.2	461.2
Mexican tax authorities (the "SAT")
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Payment for income tax settlement, including interest charges	$ 45.9
Payment for income tax settlement, interest charges	$ 16.3
Income tax expense		40.5
Deferred income tax recovery		5.4
Tax losses, resource pools and mining tax credits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)		(109.4)	(84.6)
Tax Losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)		(52)	(34.8)
Tax Losses, expired at end of 2024
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)			(0.4)
Resource pools
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)		$ (57.4)	$ (49.8)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of effective income tax rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of income tax [Abstract]
Earnings (loss) before taxes and non-controlling interest	$ 431.7	$ (58.8)
Statutory Canadian income tax rate (percent)	27%	27%
Income tax expense (recovery) based on above rates	$ 116.6	$ (15.9)
Increase (decrease) due to:
Non-deductible expenditures	13.8	3.2
Foreign tax rate differences	(18.7)	2.7
Change in net deferred tax assets not recognized	34.8	66.3
Effect of other taxes paid (mining and withholding)	45.7	22.1
Effect of foreign exchange on tax expense	71.1	(36)
Non-taxable impact of foreign exchange	(6.8)	3.8
Change in non-deductible portion of reclamation liabilities	20.5	1.9
Change in income tax expense related to prior years	40.5	0
Changes to opening temporary differences	7.7	3.9
Impact of inflation	(4.6)	(7.4)
Other	(1.6)	1.5
Income taxes expense	$ 319	$ 46.1

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Reconciliation of changes in deferred tax liability (asset) [abstract]
Net deferred tax liabilities	$ (461.2)	$ (84.4)
Recognized in net earnings in the year	(27.7)	86.8
Initial deferred tax liability associated with the Yamana Acquisition	0	(881.2)
Disposition of mining properties (Note 9)	11.7	419.3
Recognized in other comprehensive income (loss) in year	0	(0.5)
Other	0	(1.2)
Net deferred tax liabilities	(477.2)	(461.2)
Deferred tax assets	44.5	80.4
Deferred tax liabilities	(521.7)	(541.6)
Net deferred tax liabilities	$ (477.2)	$ (461.2)

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)	$ (477.2)	$ (461.2)
Closure and decommissioning costs
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)	13.1	33.9
Tax losses, resource pools and mining tax credits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)	109.4	84.6
Mineral properties, plant, and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)	(630.1)	(636)
Other temporary differences and provisions
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)	$ 30.4	$ 56.3

Income Taxes - Deductible Tempo

Income Taxes - Deductible Temporary Differences (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	$ 2,340.7	$ 2,270.7
Operating tax loss
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	1,360.3	1,236.6
Net capital tax loss
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	32.2	36.5
Resource pools and other tax credits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	135.7	174.7
Mineral properties, plant, and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	207.7	314.2
Closure and decommissioning costs
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	239.6	297.6
Other temporary differences
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognised deductible temporary differences	$ 365.2	$ 211.1

Income Taxes - Net Operating Lo

Income Taxes - Net Operating Loss Carryforwards (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	$ 1,360.3	$ 1,236.6
Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	7.2	16.1
Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	2.9	20.4
Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	1,350.2	1,200.1
Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	888.3	695.2
Canada \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Canada \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Canada \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	888.3	695.2
US
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	118	171.3
US \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	2.3	15.5
US \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0.4	9.7
US \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	115.3	146.1
Peru
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0.6	0.7
Peru \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0.3
Peru \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Peru \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0.6	0.4
Mexico
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	38.4	3.1
Mexico \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0.2	0.3
Mexico \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0.6
Mexico \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	38.2	2.2
Barbados
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	32.5	25.6
Barbados \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	4.7	0
Barbados \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	2.5	4.7
Barbados \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	25.3	20.9
Argentina
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	150.5	100.5
Argentina \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Argentina \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	5.4
Argentina \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	150.5	95.1
Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	64.4	146.6
Chile \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Chile \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Chile \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	64.4	146.6
Brazil
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	59.3	88.2
Brazil \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Brazil \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Brazil \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	59.3	88.2
Netherlands
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	8.3	5.4
Netherlands \| Year one
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Netherlands \| Year two
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	0	0
Netherlands \| Year three and after
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax operating losses	$ 8.3	$ 5.4

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of related party [Abstract]
Short-term employee benefits	$ 16.9	$ 9.9
Post-employment benefits	1.8	1.3
Share-based payments	1	4.4
Key management personnel compensation	$ 19.7	$ 15.6