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17. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes Tables

Income tax recovery

(in thousands)				2017		2016

Deferred income tax:
Origination of temporary differences			$	1,211	$	922
Tax benefit-previously unrecognized tax assets				2,482		3,016
Prior year over (under) provision				(55)		17
				3,638		3,955
Income tax recovery			$	3,638	$	3,955

Reconciliation of the effective rate of income tax

(in thousands)				2017		2016

Loss before taxes from continuing operations			$	(17,725)	$	(15,654)
Combined Canadian tax rate				26.50%		26.50%
Income tax recovery at combined rate				4,697		4,148

Difference in tax rates				1,531		9,679
Non-deductible amounts				(1,624)		(6,523)
Allowable capital loss on disposal of subsidiary				-		1,397
Non-taxable amounts				1,377		1,381
Previously unrecognized deferred tax assets ⁽¹⁾				2,482		3,016
Renunciation of tax attributes-flow through shares				(2,187)		(667)
Change in deferred tax assets not recognized				(2,811)		(8,618)
Prior year over (under) provision				(55)		17
Other				228		125
Income tax recovery			$	3,638	$	3,955

Deferred income tax assets (liabilities)

				At December 31		At December 31
(in thousands)				2017		2016

Deferred income tax assets:
Property, plant and equipment, net			$	779	$	662
Post-employment benefits				492		480
Reclamation obligations				6,613		6,120
Other liabilities				-		177
Tax loss carry forwards				9,340		8,781
Other				5,700		4,530
Deferred income tax assets-gross				22,924		20,750
Set-off against deferred income tax liabilities				(22,924)		(20,750)
Deferred income tax assets-per balance sheet			$	-	$	-

Deferred income tax liabilities:
Inventory			$	(591)	$	(554)
Investments				(519)		(274)
Investments in associates				11		(60)
Property, plant and equipment, net				(35,106)		(33,949)
Other				(901)		(934)
Deferred income tax liabilities-gross				(37,106)		(35,771)
Set-off of deferred income tax assets				22,924		20,750
Deferred income tax liabilities-per balance sheet			$	(14,182)	$	(15,021)

Deferred income tax liability continuity

(in thousands)				2017		2016

Balance-January 1			$	(15,021)	$	(16,465)
Recognized in income (loss)				3,638		3,955
Recognized in comprehensive income (loss)				-		(152)
Recognized in other liabilities (flow-through shares)				(1,828)		(1,836)
Other, including foreign exchange gain (loss)				(971)		(523)
Balance-December 31			$	(14,182)	$	(15,021)

Deferred income tax assets not recognized

							At December 31		At December 31
(in thousands)							2017		2016

Deferred income tax assets not recognized
Investments					$		-	$	-
Property, plant and equipment							6,753		4,974
Tax losses – capital							53,217		27,544
Tax losses – operating							21,944		19,833
Tax credits							897		860
Other deductible temporary differences							658		582
Deferred income tax assets not recognized					$		83,469	$	53,793

Geographic split of tax losses and tax credits not recognized

		Expiry				At December 31		At December 31
(in thousands)		Date				2017		2016

Tax losses - gross
Canada		2025-2037			$	117,210	$	107,337
Tax losses - gross						117,210		107,337
Tax benefit at tax rate of 25% - 27%						31,284		28,614
Set-off against deferred tax liabilities						(9,340)		(8,781)
Total tax loss assets not recognized					$	21,944	$	19,833

Tax credits
Canada		2025-2035				897		860
Total tax credit assets not recognized					$	897	$	860