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EQUIPMENT LOANS | 12 Months Ended
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Dec. 31, 2020
Note 14 - EQUIPMENT LOANS | The Company has entered into loans for mining equipment maturing in 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, 2020, plant, equipment, and mining properties includes a net carrying amount of $442 (December 31, 2019 - $559) 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, |
|  | 2020 |  |  | 2019 |
Not later than one year |  | $ | 73 |  |  | $ | 228 |
Later than one year and not later than five years |  |  | - |  |  |  | 73 |
Less: Future interest charges |  |  | (1 | ) |  |  | (12 | )
Present value of loan payments |  |  | 72 |  |  |  | 289 |
Less: current portion |  |  | (72 | ) |  |  | (199 | )
Non-current portion |  | $ | - |  |  | $ | 90 |
The equipment loan credit facilities are a component of the master credit facilities described in Note 15.

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- Definition The entire disclosure for equipment loans. + References No definition available. + Details
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