XML 44 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Condensed Consolidated Statements Of Operations And Comprehensive Income Loss      
Revenue from mining operations $ 33,358,641 $ 30,105,336 $ 14,924,798
Cost of sales 21,975,130 19,160,800 8,573,200
Mine operating income 11,383,511 10,944,536 6,351,598
Operating expenses      
General and administrative expenses 3,312,432 3,788,867 3,297,240
Share-based payments 2,018,363 1,218,703 31,926
Income before other items 6,052,716 5,936,966 3,022,432
Other items      
Fair value adjustment on warrant liability 563,466 8,197 187,463
Interest and other income 245,810 52,122 46,221
Unrealized gain (loss) on long-term investments 5,002 (2,142) (43,154)
Foreign exchange gain (loss) (935,058) 156,260 (652,137)
Accretion of reclamation provision (248,267) (214,787) (107,090)
Finance cost (157,078) (142,574) (11,136)
Interest expense (102,541) (125,744) (140,842)
Net income before income taxes 5,424,050 5,668,298 2,301,757
Income taxes      
Current income tax expense (2,910,904) (3,159,559) (2,806,035)
Deferred income tax (expense) recovery 140,315 (1,005,208) 882,365
Income tax expense (2,770,589) (4,164,767) (1,923,670)
Net income 2,653,461 1,503,531 378,087
Items that may be reclassified subsequently to income or loss:      
Currency translation differences of foreign operations 2,382,721 (95,273) (3,583,669)
Total comprehensive income (loss) $ 5,036,182 $ 1,408,258 $ (3,205,582)
Earnings per share      
Basic $ 0.05 $ 0.04 $ 0.01
Diluted $ 0.05 $ 0.03 $ 0.01
Weighted average number of common shares outstanding      
Basic 52,523,454 42,695,999 36,229,424
Diluted 53,320,009 43,791,451 36,723,725