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14. EQUIPMENT LOANS

12 Months Ended

Dec. 31, 2019

The Company has entered into loans for mining equipment maturing in between 2020 and 2021 with fixed interest rates of 6.29% per annum. The Company’s obligations under the loans are secured by the mining equipment. As at December 31, 2019, plant, equipment, and mining properties includes a net carrying amount of $559 (December 31, 2018 - $2,232) 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,
	2019			2018
Not later than one year	$	228		$	550
Later than one year and not later than five years		73			428
Less: Future interest charges		(12	)		(50	)
Present value of loan payments		289			928
Less: current portion		(199	)		(517	)
Non-current portion	$	90		$	411

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