SHARE CAPITAL (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Disclosure of classes of share capital [abstract] |
|
| Disclosure of number and weighted average exercise prices of share options [Table Text Block] |
| Expressed in Canadian dollars |
|
Years ended |
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
Number of
options |
|
|
Weighted average
exercise price |
|
|
Number of
options |
|
|
Weighted average
exercise price |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, beginning of the year |
|
5,978,300 |
|
$ |
3.29 |
|
|
6,923,000 |
|
$ |
3.74 |
|
| Granted |
|
818,500 |
|
$ |
6.90 |
|
|
2,490,000 |
|
$ |
2.22 |
|
| Exercised |
|
(2,801,600 |
) |
$ |
3.76 |
|
|
(2,452,000 |
) |
$ |
3.71 |
|
| Expired and forfeited |
|
(147,000 |
) |
$ |
4.29 |
|
|
(982,700 |
) |
$ |
2.73 |
|
| Outstanding, end of the year |
|
3,848,200 |
|
$ |
3.68 |
|
|
5,978,300 |
|
$ |
3.29 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Options exercisable at the end of the year |
|
2,973,100 |
|
$ |
3.40 |
|
|
4,174,700 |
|
$ |
3.67 |
|
|
| Disclosure of range of exercise prices of outstanding share options [Table Text Block] |
| Expressed in Canadian dollars |
|
|
|
|
|
|
|
|
|
|
| |
|
Options Outstanding |
|
|
Options exercisable |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Number |
|
|
Weighted Average |
|
|
Weighted
Average |
|
|
Number
Exercisable |
|
|
Weighted Average |
|
| |
|
Outstanding |
|
|
Remaining |
|
| Price |
|
as at |
|
|
Contractual Life |
|
|
Exercise |
|
|
as at |
|
|
Exercise |
|
| Intervals |
|
December 31, 2021 |
|
|
(Number of Years) |
|
|
Price |
|
|
December 31, 2021 |
|
|
Price |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $2.00 - $2.99 |
|
1,556,400 |
|
|
3.2
|
|
$ |
2.14 |
|
|
1,150,600 |
|
$ |
2.15 |
|
| $3.00 - $3.99 |
|
1,150,300 |
|
|
1.9
|
|
$ |
3.44 |
|
|
1,146,300 |
|
$ |
3.44 |
|
| $4.00 - $4.99 |
|
361,000 |
|
|
0.3
|
|
$ |
4.32 |
|
|
361,000 |
|
$ |
4.32 |
|
| $5.00 - $5.99 |
|
60,000 |
|
|
3.7
|
|
$ |
5.60 |
|
|
36,000 |
|
$ |
5.60 |
|
| $6.00 - $6.99 |
|
720,500 |
|
|
4.2
|
|
$ |
6.90 |
|
|
279,200 |
|
$ |
6.90 |
|
| |
|
3,848,200 |
|
|
2.7
|
|
$ |
3.68 |
|
|
2,973,100 |
|
$ |
3.40 |
|
|
| Disclosure of detailed information about options, valuation assumptions [Table Text Block] |
|
|
Years ended
|
|
|
December 31,
|
December 31,
|
| |
2021 |
2020 |
|
Weighted-average fair value of options in CAN$
|
$3.37
|
$1.02
|
|
Risk-free interest rate
|
0.66%
|
1.08%
|
|
Expected dividend yield
|
0%
|
0%
|
|
Expected stock price volatility
|
66%
|
61%
|
|
Expected options life in years
|
3.85
|
3.82
|
|
| Disclosure of performance share units plan [Table Text Block] |
| |
|
Years ended |
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
Number of units |
|
|
Number of units |
|
| |
|
|
|
|
|
|
| Outstanding, beginning of year |
|
1,805,000 |
|
|
1,219,000 |
|
| Granted |
|
322,000 |
|
|
882,000 |
|
| Cancelled |
|
(100,000 |
) |
|
(296,000 |
) |
| Settled for shares |
|
(388,000 |
) |
|
- |
|
| Outstanding, end of period |
|
1,639,000 |
|
|
1,805,000 |
|
|
| Disclosure of deferred share units [Table Text Block] |
| Expressed in Canadian dollars |
|
Years ended |
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
Number
of units |
|
|
Weighted Average
Grant Price |
|
|
Number
of units |
|
|
Weighted Average
Grant Price |
|
| |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, beginning of year |
|
1,266,199 |
|
$ |
3.00 |
|
|
889,385 |
|
$ |
3.36 |
|
| Granted |
|
82,566 |
|
$ |
6.90 |
|
|
376,814 |
|
$ |
2.16 |
|
| Outstanding, end of period |
|
1,348,765 |
|
$ |
3.24 |
|
|
1,266,199 |
|
$ |
3.00 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Fair value at period end |
|
1,348,765 |
|
$ |
5.35 |
|
|
1,266,199 |
|
$ |
6.43 |
|
|
| Disclosure of share appreciation rights [Table Text Block] |
| |
|
Years ended |
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
Number
of Units |
|
|
Weighted Average
Grant Price |
|
|
Number
of Units |
|
|
Weighted Average
Grant Price |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, beginning of year |
|
- |
|
|
- |
|
|
312,000 |
|
$ |
3.30 |
|
| Granted |
|
115,930 |
|
$ |
5.40 |
|
|
- |
|
|
- |
|
| Exercised |
|
(2,260 |
) |
$ |
5.34 |
|
|
- |
|
|
- |
|
| Cancelled |
|
- |
|
|
- |
|
|
(312,000 |
) |
$ |
3.30 |
|
| Outstanding, end of period |
|
113,670 |
|
$ |
5.40 |
|
|
- |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable at the end of the period |
|
40,912 |
|
$ |
5.39 |
|
|
- |
|
|
- |
|
|
| Disclosure of detailed information about diluted earnings per share [Table Text Block] |
| |
|
Year Ended |
|
|
Year Ended |
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
| Net earnings |
$ |
13,955 |
|
$ |
1,159 |
|
| Basic weighted average number of shares outstanding |
|
167,289,732 |
|
|
150,901,598 |
|
| Effect of dilutive securities: |
|
|
|
|
|
|
| Stock options |
|
1,735,151 |
|
|
1,333,116 |
|
| Performance share units |
|
1,639,000 |
|
|
1,805,000 |
|
| Diluted weighted average number of share outstanding |
|
170,663,883 |
|
|
154,039,714 |
|
| |
|
|
|
|
|
|
| Diluted earnings per share |
$ |
0.08 |
|
$ |
0.01 |
|
|