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FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Financial Instruments Tables

Schedule of Contractual Obligations and Commitments

		Total				Less Than 1 Year				1-5 years				More Than 5 Years
Accounts payable and accrued liabilities		$	3,511,720			$	3,511,720			$	-			$	-
Due to related parties			186,563				186,563				-				-
Minimum rental and lease payments			566,288				300,285				251,435				14,568
Term facility			9,141,679				4,396,312				4,745,367				-
Equipment loans			1,296,044				886,145				409,899				-
Finance lease obligations			2,499,543				1,203,882				1,295,661				-
Total		$	17,201,837			$	10,484,907			$	6,702,362			$	14,568

Schedule of Foreign Currency Risk

		December 31, 2017								December 31, 2016
		MXN				C$				MXN				C$
Cash		$	9,504,034			$	320,751			$	15,997,014			$	270,562
Long-term investments			-				42,368				-				35,873
Reclamation bonds			-				895,500				-				145,500
Amounts receivable			-				131,961				-				52,779
Accounts payable and accrued liabilities			(27,482,356	)			(603,463	)			(21,006,749	)			(1,249,038	)
Due to related parties			-				(224,664	)			-				(267,726	)
Equipment loans			-				(781,675	)			-				(1,423,042	)
Finance lease obligations			(750,795	)			(1,002,470	)			(865,526	)			(1,465,333	)
Net exposure			(18,729,117	)			(1,221,692	)			(5,875,261	)			(3,900,425	)
US dollar equivalent		$	(949,465	)		$	(973,847	)		$	(284,363	)		$	(2,904,910	)

Schedule of Fair Value On Recurring Basis

		Level 1				Level 2				Level 3
Financial assets
Cash		$	3,419,532			$	-			$	-
Short-term investments			1,000,000				-				-
Amounts receivable			-				4,634,997				-
Long-term investments			33,773				-				-
Financial liabilities
Warrant liability			-				-				(1,161,109	)
		$	4,453,305			$	4,634,997			$	(1,161,109	)