XML 104 R32.htm IDEA: XBRL DOCUMENT
v3.20.1

Fair Value Measurements | 12 Months Ended
--- | ---
Dec. 31, 2019
Text Block [Abstract] |
Fair Value Measurements |
27. | FAIR VALUE MEASUREMENTS
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy establishes three levels in which to classify the inputs of valuation techniques used to measure fair values. Level 1 – quoted market prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – inputs other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly, such as prices, or indirectly (derived from prices). Level 3 – inputs are unobservable (supported by little or no market activity) such as non-corroborative indicative prices for a particular instrument provided by a third party. As at December 31, 2019, marketable securities and traded warrants are measured at fair value using Level 1 inputs and non-traded warrants and Collars are measured at fair value using Level 2 inputs. The fair value of the long-term receivables, Convertible Notes, Debenture, Revolving Credit Facility, and Standby Loan, for disclosure purposes, are determined using Level 2 inputs. The carrying values of cash and cash equivalents, accounts receivable, reclamation bond, and accounts payable and accrued liabilities approximate fair value due to their short terms to maturity. The fair value of marketable securities is measured based on the quoted market price of the related common shares at each reporting date, and changes in fair value are recognized in net income (loss). The fair value of the traded warrants is measured based on the quoted market price of the warrants at each reporting date. The fair value of the non-traded warrants is determined using an option pricing formula (note 14(b)). The fair value of Collars is measured based on forward foreign exchange rates. The fair value of the long-term receivables, Convertible Notes, Debenture, Revolving Credit Facility, and Standby Loan for disclosure purposes is determined using discounted cash flows based on the expected amounts and timing of the cash flows discounted using a market rate of interest adjusted for appropriate credit risk. There were no transfers between fair value levels during the year. The following table provides the fair value of each classification of financial instrument as at December 31:
|  | 2019 |  |  | 2018 |
Loans and receivables: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 67,716 |  |  | $ | 60,822 |
Restricted cash |  |  | 15,285 |  |  |  | 15,596 |
Receivable from Serabi |  |  | 12,033 |  |  |  | 10,909 |
Long term receivables |  |  | 11,986 |  |  |  | 7,629 |
Reclamation bonds and other receivables |  |  | 577 |  |  |  | 767 |
Financial assets at FVTPL: |  |  |  |  |  |  |  |
Marketable securities |  |  | 988 |  |  |  | 1,782 |
Collars |  |  | 1,640 |  |  |  | - |
Total financial assets |  | $ | 110,225 |  |  | $ | 97,505 |
Financial liabilities at FVTPL: |  |  |  |  |  |  |  |
Traded warrants |  | $ | 26,056 |  |  | $ | 9,730 |
Non-traded warrants |  |  | 30,090 |  |  |  | 9,131 |
Other: |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  |  | 67,047 |  |  |  | 55,460 |
Convertible Notes |  |  | 137,995 |  |  |  | - |
Revolving Credit Facility |  |  | 120,225 |  |  |  | 84,844 |
Debenture |  |  | 10,061 |  |  |  | 17,746 |
Sprott Facility |  |  | - |  |  |  | 18,452 |
Aurizona Credit Facility |  |  | - |  |  |  | 67,627 |
Standby Loan |  |  | 13,252 |  |  |  | 12,000 |
Production-linked liability |  |  | - |  |  |  | 5,024 |
Other liabilities |  |  | 1,795 |  |  |  | 1,706 |
Total financial liabilities |  | $ | 406,521 |  |  | $ | 281,720 |

X
- Definition Text Block [Abstract]. + References No definition available. + Details
Name: | eqx_TextBlockAbstract
Namespace Prefix: | eqx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for fair value measurement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS13_g91-99_TI -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration