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INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2023

INCOME TAX [abstract]

Schedule of Income Tax Reconciliation

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​	​	​	​	​	​	​
​	​	Years ended December 31,
​	​	2023		​	2022
Net loss before tax	​	$	(11,051)	​	$	(125,109)
Statutory tax rate	​	​	27.0%	​	​	27.0%
Anticipated income tax at statutory rates	​	​	(2,984)	​	​	(33,779)
Non-deductible expenditures (deductible expenditures)	​	​	2,443	​	​	(3,513)
Differences between Canadian and foreign tax rates	​	​	(729)	​	​	10,448
Changes in estimate	​	​	7,419	​	​	(4,492)
Inflation adjustment	​	​	(63,095)	​	​	(57,403)
Impact of foreign exchange	​	​	70,014	​	​	17,336
Change in deferred tax assets not recognized	​	​	11,489	​	​	70,178
Mining taxes	​	​	2,714	​	​	5,629
Withholding taxes	​	​	5,629	​	​	7,720
Other items	​	​	(321)	​	​	(1,327)
Total income tax expense	​	$	32,579	​	$	10,797
​	​	​	​	​	​	​
Total income tax represented by:	​	​	​	​	​	​
Current income tax expense	​	$	42,636	​	$	35,783
Deferred tax recovery	​	​	(10,057)	​	​	(24,986)
​	​	$	32,579	​	$	10,797

Schedule of Current and Deferred Taxes

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​	​	​	​	​	​	​
​	​	Years ended December 31,
​	​	2023		​	2022
Current tax expense	​	​	​	​	​	​
Current taxes on profit for the year	​	$	42,096	​	$	35,884
Changes in estimates related to prior years	​	​	540	​	​	(101)
​	​	$	42,636	​	$	35,783
​	​	​	​	​	​	​
Deferred tax expense	​	​	​	​	​	​
Origination and reversal of temporary differences and foreign exchange rate	​	$	(16,899)	​	$	(20,826)
Changes in estimates related to prior years	​	​	6,879	​	​	(4,392)
Effect of differences in tax rates	​	​	(37)	​	​	232
Effect of changes in tax rates	​	​	-	​	​	-
​	​	$	(10,057)	​	$	(24,986)
​	​	​	​	​	​	​
Total tax expense	​	$	32,579	​	$	10,797

Schedule of Deferred Tax Assets and Liabilities

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​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​	​	2023		​	2022
Deferred tax assets:	​	​	​	​	​	​
Reclamation and closure cost obligation	​	$	15,011	​	$	14,942
Carried forward tax loss	​	​	16,043	​	​	3,552
Equipment and buildings	​	​	-	​	​	11,976
Accounts payable and accrued liabilities	​	​	16,747	​	​	13,286
Deductibility of resource taxes	​	​	154	​	​	2,406
Lease obligations	​	​	7,972	​	​	8,374
Other	​	​	-	​	​	86
Total deferred tax assets	​	$	55,927	​	$	54,622
​	​	​	​	​	​	​
Deferred tax liabilities:	​	​	​	​	​	​
Mineral properties	​	$	(193,646)	​	$	(202,087)
Mining and foreign withholding taxes	​	​	(1,124)	​	​	(3,524)
Equipment and buildings	​	​	(5,941)	​	​	-
Convertible debenture	​	​	(406)	​	​	(831)
Inflation	​	​	(598)	​	​	(4,306)
Inventory and other	​	​	(14,067)	​	​	(11,493)
Total deferred tax liabilities	​	$	(215,782)	​	$	(222,241)
​	​	​	​	​	​	​
Net deferred tax liabilities	​	$	(159,855)	​	$	(167,619)
​	​	​	​	​	​	​
​	​	2023		​	2022
Classification:	​	​	​	​	​	​
Deferred tax assets	​	$	-	​	$	-
Deferred tax liabilities	​	​	(159,855)	​	​	(167,619)
Net deferred tax liabilities	​	$	(159,855)	​	$	(167,619)

​

​	​	​	​	​	​	​
​	​	2023		​	2022
At January 1	​	$	167,619	​	$	191,668
Deferred income tax (recovery) expense through income statement	​	​	(10,057)	​	​	(24,831)
Deferred income tax expense through equity	​	​	2,293	​	​	782
At December 31	​	$	159,855	​	$	167,619

Schedule of Unrecognized Deductible Temporary Difference and Unused Tax Losses

​

​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​	​	2023		​	2022
Unrecognized deductible temporary differences and unused tax losses:	​	​	​	​	​	​
Non-capital losses	​	$	138,736	​	$	164,427
Provisions	​	​	19,335	​	​	7,215
Share issue costs	​	​	-	​	​	306
Mineral properties, plant and equipment	​	​	163,508	​	​	184,970
Lease obligation	​	​	1,729	​	​	578
Derivative liabilities	​	​	23,395	​	​	335
Investments in equity securities and associates	​	​	1,069	​	​	1,070
Unrecognized deductible temporary differences	​	$	347,772	​	$	358,901

​

​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​	​	2023		​	2022
Mexico	​	$	27,491	​	$	150,379
Peru	​	​	96,467	​	​	78,505
West Africa	​	​	-	​	​	18,122

Schedule of Tax Losses Expiry Dates

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December 31,

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December 31,

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Year of expiry

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2023

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​

Year of expiry

2022

Canada

​

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2025 - 2042

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$

210,847

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​

2025 - 2042

​

$

184,717

Mexico

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2024 - 2031

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6,623

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2023 - 2031

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20

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