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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.