XML 73 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
25. CAPITAL MANAGEMENT AND FINANCIAL RISK (Tables)
 12 Months Ended
Dec. 31, 2017
Capital Management And Financial Risk Tables  
Review of capital
        At December 31   At December 31
(in thousands)       2017   2016
             
Net cash:            
Cash and cash equivalents     $ 2,898 $ 11,838
Investments in debt instruments (note 9)   30,136   -
Debt obligations-current (note 16)       -   (276)
Net cash     $ 33,034 $ 11,562
Credit risk
        At December 31   At December 31
(in thousands)       2017   2016
             
Cash and cash equivalents     $ 2,898 $ 11,838
Trade and other receivables       3,819   2,403
Investments in debt instruments       30,136   -
Restricted cash and investments       9,712   2,314
      $ 46,565 $ 16,555
Maturities of financial liabilities

 

(in thousands)

      

Within 1

Year

  

1 to 5

Years

             
Accounts payable and accrued liabilities     $ 4,588 $ -
      $ 4,588 $ -
Currency risk
    Dec.31’2017   Sensitivity    
    Foreign   Foreign   Change in
    Exhange   Exchange   net income
(in thousands except foreign exchange rates)   Rate   Rate   (loss)

 

Currency risk

            
Canadian dollar (“CAD”) weakens   1.2545   1.3800 $ 884
Canadian dollar (“CAD”) strengthens   1.2545   1.1291 $ (884)
             
Price risk
        Change in   Change in
        net income   Comprehensive
(in thousands)       (loss)   income (loss)
             
Equity price risk            
10% increase in equity prices     $ 800 $ 802
10% decrease in equity prices       (791)   (793)
             
Fair value of financial assets and financial liabilities
    Financial   Fair   December 31,   December 31,
    Instrument   Value   2017   2016
(in thousands)   Category(1)   Hierarchy   Fair Value   Fair Value
                 
Financial Assets:                
Cash and equivalents   Category D     $ 2,898 $ 11,838
Trade and other receivables   Category D       3,819   2,403
Investments                
Equity instruments (shares)   Category A   Level 1   2,238   1,228
Equity instruments (warrants)   Category A   Level 2   3,608   2,517
Equity instruments (shares)   Category B   Level 1   20   15
Debt instruments   Category A   Level 1   30,136   -
Restricted cash and equivalents                
Elliot Lake reclamation trust fund   Category C       2,431   2,213
Credit facility pledged assets   Category C       7,174   -
Reclamation letter of credit collateral   Category C       107   101
          $ 52,431 $ 20,315
                 
Financial Liabilities:                
Account payable and accrued liabilities   Category E       4,588   4,141
Debt obligations   Category E       -   276
          $ 4,588 $ 4,417