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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Taxes [abstract] |
Schedule of Income Tax Reconciliation | The significant reasons for the differences are as follows: ﻿
﻿ |  |  |  |  |  |
﻿ |  |  | Year ended December 31,
﻿ |  |  | 2017 |  |  | 2016
﻿Net income before tax |  | $ | 104,951 |  | $ | 47,110
﻿Statutory tax rate |  |  | 26.0% |  |  | 26.0%
﻿Anticipated income tax at statutory rates |  |  | 27,287 |  |  | 12,249
﻿Non-deductible expenditures |  |  | 1,082 |  |  | 514
﻿Differences between Canadian and foreign tax rates |  |  | 5,804 |  |  | 2,995
﻿Change in estimate |  |  | 88 |  |  | (511)
﻿Effect of change in tax rates |  |  | (1,576) |  |  | (622)
﻿Inflation adjustment |  |  | (2,242) |  |  | (933)
﻿Impact of foreign exchange |  |  | (666) |  |  | 5,328
﻿Change in deferred tax assets not recognized |  |  | 4,194 |  |  | 4,839
﻿Mining taxes |  |  | 4,568 |  |  | 2,738
﻿Withholding taxes |  |  | 649 |  |  | 2,760
﻿Other items |  |  | (542) |  |  | (105)
﻿Total income tax expense |  | $ | 38,646 |  | $ | 29,252
﻿Total income tax represented by: |  |  |  |  |  |
﻿ Current income tax expense |  | $ | 34,863 |  | $ | 29,063
﻿ Deferred tax expense |  |  | 3,783 |  |  | 189
﻿ |  | $ | 38,646 |  | $ | 29,252
﻿
Schedule of Curent and Deferred Taxes |
﻿ |  |  |  |  |  |
﻿ |  |  | Year ended December 31,
﻿ |  |  | 2017 |  |  | 2016
﻿ |  |  |  |  |  |
﻿Current tax expense |  |  |  |  |  |
﻿Current taxes on profit for the year |  | $ | 34,940 |  | $ | 29,791
﻿Changes in estimates related to prior years |  |  | (77) |  |  | (728)
﻿ |  | $ | 34,863 |  | $ | 29,063
﻿ |  |  |  |  |  |
﻿Deferred tax expense |  |  |  |  |  |
﻿Origination and reversal of temporary differences and foreign exchange rate effects |  | $ | 5,194 |  | $ | 594
﻿Changes in estimates related to prior years |  |  | 165 |  |  | 217
﻿Effect of changes in tax rates |  |  | (1,576) |  |  | (622)
﻿ |  | $ | 3,783 |  | $ | 189
﻿ |  |  |  |  |  |
﻿Total Tax expense |  | $ | 38,646 |  | $ | 29,252
﻿
Schedule of Deferred Tax Assets and Liabilities | The significant components of the recognized deferred tax assets and liabilities are: ﻿
﻿ |  |  |  |  |  |
﻿ |  |  | December 31, |  |  | December 31,
﻿ |  |  | 2017 |  |  | 2016
﻿Deferred tax assets: |  |  |  |  |  |
﻿Reclamation and closure cost obligation |  | $ | 3,996 |  | $ | 3,940
﻿Other |  |  | 6,268 |  |  | 2,898
﻿Total deferred tax assets |  | $ | 10,264 |  | $ | 6,838
﻿ |  |  |  |  |  |
﻿Deferred tax liabilities: |  |  |  |  |  |
﻿Mineral properties |  | $ | (30,413) |  | $ | (14,858)
﻿Mining taxes |  |  | (3,376) |  |  | (3,336)
﻿Equipment and buildings |  |  | (4,658) |  |  | (5,363)
﻿Other |  |  | (474) |  |  | (8,155)
﻿Total deferred tax liabilities |  | $ | (38,921) |  | $ | (31,712)
﻿ |  |  |  |  |  |
﻿Net deferred tax liabilities |  | $ | (28,657) |  | $ | (24,874)
﻿ |  |  |  |  |  |
﻿Classification: |  |  |  |  |  |
﻿ |  |  | 2017 |  |  | 2016
﻿Deferred tax assets |  | $ | - |  | $ | 471
﻿Deferred tax liabilities |  |  | (28,657) |  |  | (25,345)
﻿Net deferred tax liabilities |  | $ | (28,657) |  | $ | (24,874)
﻿ ﻿ The Company’s movement of net deferred tax liabilities is described below: ﻿
﻿ |  |  |  |  |  |
﻿ |  |  | 2017 |  |  | 2016
﻿At January 1 |  | $ | 24,874 |  | $ | 24,685
﻿Deferred income tax expense through income statement |  |  | 3,783 |  |  | 189
﻿At December 31 |  | $ | 28,657 |  | $ | 24,874
﻿
Schedule of Unrecognized Deductible Temporary Difference and Unused Tax Losses | The Company’s unrecognized deductible temporary differences and unused tax losses for which no deferred tax asset is recognized consists of the following amounts: ﻿
﻿ |  |  |  |  |  |
﻿ |  |  | December 31, |  |  | December 31,
﻿ |  |  | 2017 |  |  | 2016
﻿Unrecognized deductible temporary differences and unused tax losses: |  |  |  |  |  |
﻿Non capital losses |  | $ | 73,994 |  | $ | 55,500
﻿Provisions and other |  |  | 11,720 |  |  | 13,074
﻿Share issue costs |  |  | 4,473 |  |  | 624
﻿Mineral properties, plant and equipment |  |  | 762 |  |  | 1,801
﻿Derivative liabilities |  |  | - |  |  | 254
﻿Capital losses |  |  | 906 |  |  | 846
﻿Unrecognized deductible temporary differences |  | $ | 91,855 |  | $ | 72,099
﻿ ﻿ As at December 31, 2017, the Company has temporary differences associated with investments in subsidiaries for which an income tax liability has not been recognized as the Company can control the timing of the reversal of the temporary differences and the Company plans to reinvest in its foreign subsidiaries. The temporary difference associated with investments in subsidiaries aggregate to:
﻿ |  |  |  |  |  |
﻿ |  |  | December 31, |  |  | December 31,
﻿ |  |  | 2017 |  |  | 2016
﻿Mexico |  | $ | 69,044 |  | $ | 66,035
﻿Peru |  |  | 98,070 |  |  | 58,017
﻿
Schedule of Tax Losses Expiry Dates | Tax losses have the following expiry dates: ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  | December 31, |  |  | December 31,
﻿ |  | Year of expiry |  |  | 2017 |  |  | 2016
﻿Canada |  | 2025 – 2037 |  | $ | 74,300 |  | $ | 55,500
﻿Argentina |  | 2018 – 2022 |  |  | 3,700 |  |  | -
﻿Mexico |  | 2021 – 2025 |  |  | 332 |  |  | 450
﻿Barbados |  | 2022 – 2024 |  |  | 266 |  |  | 185
﻿

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