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14. EQUIPMENT LOANS

12 Months Ended

Dec. 31, 2018

The Company has entered into loans for mining equipment maturing in between 2018 and 2023 with fixed interest rates of 4.75% to 6.29% per annum. The Company’s obligations under the loans are secured by the mining equipment. As at December 31, 2018, plant, equipment, and mining properties includes a net carrying amount of $2,232 (December 31, 2017 - $2,065, January 1, 2017 - $2,508) for this mining equipment.

The contractual maturities and interest charges in respect of the Company’s obligations under the equipment loans are as follows:

	December 31,			December 31,			January 1,
	2018			2017			2017

Not later than one year	$	550		$	886		$	1,060
Later than one year and not later than five years		428			410			1,238
Less: Future interest charges		(50	)		(50	)		(130	)
Present value of loan payments		928			1,246			2,168
Less: current portion		(517	)		(848	)		(977	)
Non-current portion	$	411		$	398		$	1,191

The equipment loan credit facilities are a component of the master credit facilities described in Note 15.