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OTHER ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2017
Other Assets1 [Abstract] |
OTHER ASSETS | OTHER ASSETS
| December 31, 2017 | December 31, 2016
| Current |  | Non-current |  | Current |  | Non-current |
| $ |  | $ |  | $ |  | $ |
Financial assets: |  |  |  |
Restricted cash (1) | — |  | 3,079 |  | — |  | 3,061 |
Deferred consideration (2)(3)(4) | 2,394 |  | 15,639 |  | 2,720 |  | 8,335 |
Derivative asset | 1,287 |  | — |  | — |  | — |
Non-financial assets: |  |  |  |
Non-current value added tax receivable (note 11) | — |  | 6,751 |  | — |  | 6,531 |
Non-current inventory (note 7) | — |  | 3,973 |  | — |  | 1,811 |
| 3,681 |  | 29,442 |  | 2,720 |  | 19,738 |
(1) | We have cash and security deposits in relation to our close down and restoration provisions of $1,895,000 (December 31, 2016 - $1,877,000).
(2) | On October 31, 2016, we sold our Parral properties in Chihuahua, Mexico, including the Veta Colorada, La Palmilla, and San Patricio properties, to Endeavour Silver Corp. ("Endeavour Silver") for consideration of:
• | 1,198,083 shares of Endeavour Silver, valued at $5,272,000;
• | The right to receive $200,000 worth of Endeavour Silver shares for each one million silver ounces included in an estimate of Measured and Indicated Mineral Resources in accordance with NI 43-101 to be prepared by Endeavour Silver in respect of the San Patricio and La Palmilla properties, initially valued at $1,091,000; and
• | We have retained a 1.0% net smelter returns royalty on all mineral products from the San Patricio and La Palmilla properties.
(3) | On November 1, 2016, we sold our Diablillos and M-18 properties in Argentina to Abra Plata (formerly Huayra Minerals Corporation) for consideration of:
• | 19.9% equity stake in Abra Plata, with free carried interest until the completion of a financing of $5,000,000 or more, valued at $2,887,000. By December 31, 2017, $3,992,000 of financing had been completed with the balance completed in January 2018;
8. | OTHER ASSETS (Continued)
• | Cash payments of $1,100,000 which we received by December 31, 2017, and $13,000,000 ($250,000 received by December 31, 2017) within four years, valued initially at $7,452,000 using a discount rate of 20%; and
• | We have retained a 1.0% net smelter returns royalty on production from each of the projects.
(4) | On May 2, 2017, we sold our Berenguela project in Peru to Valor Resources Limited ("Valor") for consideration of:
▪ | 145,881,177 shares of Valor, valued at $1,098,000;
▪ | Additional shares from financing over the next year, valued at $520,000;
▪ | Cash payment of $12,000,000 over the next 5 years ($150,000 received by December 31, 2017), valued at $6,726,000 using a discount rate of 15%; and
• | We have retained a 1.0% net smelter returns royalty on production from the project.

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