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INCOME AND MINING TAXES (Tables)

12 Months Ended

Dec. 31, 2022

INCOME AND MINING TAXES.

Schedule of deferred income tax recovery (expense)

​

​	​	​	​	​	​	​	​	​	​
​		2022			2021			2020
United States	​	$	—	​	$	—	​	$	—
Foreign	​	​	7,663	​	​	—	​	​	—
Current tax expense	​	$	7,663	​	$	—	​	$	—
​	​	​	​	​	​	​	​	​	​
United States	​	$	—	​	$	(387)	​	$	(817)
Foreign	​	​	(1,856)	​	​	(6,928)	​	​	(573)
Deferred tax recovery	​	$	(1,856)	​	$	(7,315)	​	$	(1,390)
​	​	​	​	​	​	​	​	​	​
United States	​	$	—	​	$	(387)	​	$	(817)
Foreign	​	​	5,806	​	​	(6,928)	​	​	(573)
Total income and mining tax expense/(recovery)	​	$	5,806	​	$	(7,315)	​	$	(1,390)

​

Schedule of net income (loss) before tax

​

​	​	​	​	​	​	​	​	​	​
​	​	2022			2021		​	2020
United States	​	$	(20,618)	​	$	(24,808)	​	$	(127,524)
Foreign	​	​	(59,670)	​	​	(39,391)	​	​	(26,191)
Loss before income and mining taxes	​	$	(80,288)	​	$	(64,199)	​	$	(153,715)

Schedule of reconciliation of tax provision at statutory U.S. Federal and State income tax rates to actual tax provision recorded in financial statements

​

​	​	​	​	​	​	​	​	​	​
Expected tax recovery at		2022			2021			2020
Loss before income and mining taxes	​	$	(80,288)	​	$	(64,199)	​	$	(153,715)
Statutory tax rate	​	​	21%	​	​	21%	​	​	21%
US Federal and State tax expense at statutory rate	​	​	(16,860)	​	​	(13,482)	​	​	(32,280)
Reconciling items:	​	​	​	​	​	​	​	​	​
Equity pickup in MSC	​		(583)	​		1,326	​		374
Deferred foreign income inclusion	​		—	​		—	​		795
Realized flow-through expenditures	​	​	2,169	​	​	6,148	​	​	496
Realized flow-through premium	​	​	(2,011)	​	​	(3,486)	​	​	(338)
Adjustment for foreign tax rates	​		(8,384)	​		(3,039)	​		(2,043)
Deferred mining tax liability	​	​	116	​	​	​	​	​	​
Permanent differences	​		31,369	​		9,353	​		(2,546)
NOL expires and revisions	​		—	​		241	​		1,066
Valuation allowance	​		(10)	​		(4,377)	​		33,086
Income and mining tax expense (recovery)	​	$	5,806	​	$	(7,315)	​	$	(1,390)

​

Schedule of tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities

​

​	​	​	​	​	​	​	​
​		2022			2021
Deferred tax assets:	​	​	​	​	​	​	​
Net operating loss carryforward	​	$	65,174	​	$	70,830	​
Mineral Properties	​		69,326	​		59,426	​
Other temporary differences	​		22,433	​		29,009	​
Total gross deferred tax assets	​		156,933	​		159,265	​
Less: valuation allowance	​		(149,342)	​		(149,921)	​
Net deferred tax assets	​	$	7,591	​	$	9,344	​
Deferred tax liabilities:	​	​	​	​	​	​	​
Acquired mineral property interests	​	​	(7,746)	​	​	(9,344)	​
Total deferred tax liabilities	​	$	(7,746)	​	$	(9,344)	​
Deferred income and mining tax liability	​	$	(155)	​	$	—	​

​

Summary of changes in valuation allowance

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the year ended December 31,

Balance at beginning of year

Additions(a)

Deductions(b)

Balance at end of year

2022

​

$

149,921

​

$

6,600

​

$

(7,179)

​

$

149,342

2021

​

​

154,298

​

​

4,058

​

​

(8,435)

​

​

149,921

2020

​

​

121,212

​

​

39,794

​

​

(6,708)

​

​

154,298

(a) The additions to valuation allowance mainly result from the Company and its subsidiaries incurring losses and exploration expenses for tax purposes which do not meet the more-likely-than-not criterion for recognition of deferred tax assets.

(b) The reductions to valuation allowance mainly result from release of valuation allowance, expiration of the Company’s tax attributes, foreign exchange reductions of tax attributes in Canada, Mexico and Argentina and inflationary adjustments to tax attributes in Argentina.

Summary of losses that can be applied against future taxable profit

​

​	​	​	​	​	​	​	​
Country		Type of Loss		Amount			Expiry Period
United States(a)	​	Net-operating losses	​	$	197,714	​	2027-Unlimited
Mexico	​	Net-operating losses	​	​	46,842	​	2023-2032
Canada(a)	​	Net-operating losses	​	​	35,576	​	2025-2040
Argentina(a)	​	Net-operating losses	​	​	1,288	​	2023-2027

(a) The losses in the United States, Canada, and Argentina are part of multiple consolidating groups, and therefore, may be restricted in use to specific projects.

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- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of non operating loss carryforwards, including an assessment of the likelihood of utilization.

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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