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ACQUISITIONS AND CHANGE IN INTEREST ON MINERAL PROPERTIES (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations 1 [Abstract] |
Disclosure of detailed information about business combinations | The following table shows the allocation of the purchase price to assets acquired and liabilities assumed, based on estimates of fair value, including a summary of the identifiable classes of consideration transferred, and amounts by category of assets acquired and liabilities assumed at the acquisition date:
| $ |
37,394,000 common shares issued (1) | 325,202 |
809,286 stock options assumed (2) | 4,045 |
Share exchange cash payment of C$0.001 per Claude Resources share | 155 |
Consideration | 329,402 |
Cash and cash equivalents | 16,908 |
Trade and other receivables | 814 |
Marketable securities | 351 |
Inventory | 34,801 |
Property, plant and equipment |
Plant and equipment | 52,318 |
Mineral properties subject to depreciation | 62,229 |
Mineral properties not yet subject to depreciation | 128,100 |
Exploration and evaluation assets | 88,734 |
Goodwill | 49,786 |
Trade and other payables | (4,657 | )
Debt | (13,707 | )
Close-down and restoration provisions | (5,464 | )
Deferred income tax liabilities | (80,811 | )
Net identifiable assets acquired | 329,402 |
(1) | The common shares were valued at the closing price of our shares on the Toronto Stock Exchange on May 30, 2016 (C$11.35), converted to U.S. dollars at the rate of CAD/USD 0.7662.
(2) | The fair value of options assumed were calculated using a Black-Scholes option pricing model. The weighted average option valuations were based on an expected option life of 1.6 years, a risk free interest rate of 0.6%, a dividend yield of nil, volatility of 60.6% and share price of C$11.35, converted to U.S. dollars at the rate of 0.7662. The options had exercise prices ranging from C$1.70 to C$12.86 and expiry dates ranging from September 1, 2016 to November 24, 2022.

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- Definition The disclosure of detailed information about business combinations. [Refer: Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2017-01-01 -Section Disclosures application of paragraphs 59 and 61 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=3&date=2017-03-01&anchor=F4301424&doctype=Appendix&seq=2 -URIDate 2017-03-09 + Details
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