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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Consolidated Statements of Income (Loss) [abstract]    
Sales $ 49,208 $ 41,634
Royalty revenue 19,067 20,737
Total revenue 68,275 62,371
Cost of sales excluding depletion 15,321 12,834
Depletion 29,580 27,654
Total cost of sales 44,901 40,488
Gross Profit 23,374 21,883
Expenses and other (income)    
Administration expenses [1] 6,736 5,031
Project evaluation [1] 4,564 5,064
Foreign exchange (gain) loss (2,434) 87
(Gain) on revaluation of investments (5,827) (22,093)
Finance income (722) (2,598)
Finance expense 2,187 2,993
Mineral, royalty and other interests impairments 9,104 2,507
(Gain) loss on mineral interest disposal and other (4,848) 1,107
Income before taxes 14,614 29,785
Current income tax expense 868 306
Deferred income tax expense 3,209 4,225
Total tax expense (income) 4,077 4,531
Net income for the year $ 10,537 $ 25,254
Earnings per share    
Basic earnings per share $ 0.06 $ 0.18
Diluted earnings per share $ 0.06 $ 0.17
Weighted average number of common shares outstanding    
Basic 167,265,059 144,159,678
Diluted 174,703,186 149,961,923
[1] Equity settled stock based compensation (a non-cash item) is included in administration expenses and project evaluation for the year ended December 31, 2017 $3,785 and December 31, 2016 $3,106.