XML 50 R46.htm IDEA: XBRL DOCUMENT
v3.20.1

INCOME AND MINING TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
INCOME AND MINING TAXES |
Schedule of the composition of income tax expense | The following table outlines the composition of income tax expense between current tax and deferred tax:
|  | Year ended December 31
(in millions of U.S. dollars) |  | 2019 |  | 2018
CURRENT INCOME AND MINING TAX EXPENSE |  |  |  |
Canada |  | 2.2 |  | 4.2
Foreign |  | 0.4 |  | (0.1)
|  | 2.6 |  | 4.1
DEFERRED INCOME AND MINING TAX EXPENSE |  |  |  |
Canada |  | 1.9 |  | (19.2)
Adjustments in respect of prior year |  | (4.9) |  | 4.7
|  | (3.0) |  | (14.5)
Total income tax recovery |  | (0.4) |  | (10.4)
Schedule of reconciliation Of Income tax recovery | Income tax expense differs from the amount that would result from applying the Canadian federal and provincial income tax rates to earnings before taxes. The differences result from the following items:
|  | Year ended December 31 |
(in millions of U.S. dollars) |  | 2019 |  |  | 2018 |
Loss before taxes |  | (73.9) |  |  | (1,096.0) |
Canadian federal and provincial income tax rates |  | 26.3 | % |  | 26.3 | %
Income tax recovery based on above rates |  | (19.4) |  |  | (288.2) |
INCREASE (DECREASE) DUE TO |  |  |  |  |  |
Permanent differences |  | (0.1) |  |  | 58.3 |
Different statutory tax rates on earnings of foreign subsidiaries |  | — |  |  | (4.1) |
Foreign exchange on non-monetary assets and liabilities |  | 0.2 |  |  | 0.4 |
Other foreign exchange differences |  | 3.7 |  |  | (3.2) |
Prior years’ adjustments relating to tax provision and tax returns |  | (5.2) |  |  | 4.7 |
Canadian mining tax |  | (2.5) |  |  | 26.6 |
Change in unrecognized deferred tax assets |  | 22.9 |  |  | 210.0 |
Sale of Peak and Mesquite |  | — |  |  | (15.1) |
Other |  | — |  |  | 0.2 |
Income tax recovery |  | (0.4) |  |  | (10.4) |
Schedule of deferred tax assets and liabilities | The following tables provide analysis of the deferred tax assets and liabilities, all of which are located in Canada:
|  | Year Ended December 31,
(in millions of U.S. dollars) |  | 2019 |  | 2018
DEFERRED TAX ASSETS |  |  |  |
Capital losses |  | 18.4 |  | 37.1
Property, plant and equipment and Mining interests |  | 122.7 |  | 110.8
Tax credits |  | 49.9 |  | 47.5
Ontario Mining Tax |  | 45.4 |  | 53.9
Other |  | 18.9 |  | 12.1
|  | 255.3 |  | 261.4
DEFERRED TAX LIABILITIES |  |  |  |
British Columbia Mining Tax |  | (48.3) |  | (56.3)
|  | (48.3) |  | (56.3)
Unrecognized deferred tax asset |  | (255.3) |  | (261.4)
Deferred income tax liabilities, net |  | (48.3) |  | (56.3)
Schedule Of the movement in the net deferred tax liabilities | The following table outlines the movement in the net deferred tax liabilities:
|  | Year ended December 31
(in millions of U.S. dollars) |  | 2019 |  | 2018
MOVEMENT IN THE NET DEFERRED TAX LIABILITIES |  |  |  |
Balance at the beginning of the year |  | (56.3) |  | (78.0)
Recognized in net loss |  | 3.0 |  | 14.5
Recognized in other comprehensive income |  | 4.8 |  | (23.5)
Recognized as foreign exchange |  | 0.2 |  | (1.3)
Reclassified as held-for-sale or disposed of |  | — |  | 32.0
Total movement in the net deferred tax liabilities |  | (48.3) |  | (56.3)

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2019-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2019-en-r&anchor=para_81_g&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The detailed disclosure of reconciliation of income tax provision. + References No definition available. + Details
Name: | ngd_DetailedInformationForReconciliationOfIncomeTaxProvisionTextBlock
Namespace Prefix: | ngd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The detailed information of movement in net deferred tax liabilities. + References No definition available. + Details
Name: | ngd_DetailedInformationOfMovementInNetDeferredTaxLiabilitiesTextBlock
Namespace Prefix: | ngd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about major components of income tax expenses. + References No definition available. + Details
Name: | ngd_DisclosureOfDetailedInformationAboutMajorComponentsOfIncomeTaxExpenseTextBlock
Namespace Prefix: | ngd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ngd_IncomeAndMiningTaxesAbstract
Namespace Prefix: | ngd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration