XML 45 R23.htm IDEA: XBRL DOCUMENT
v3.20.4

RECLAMATION PROVISION | 12 Months Ended
--- | ---
Dec. 31, 2020
Note 17 - RECLAMATION PROVISION | Management’s estimate of the reclamation provision at December 31, 2020, is $808 (December 31, 2019 - $1,524), and the undiscounted value of the obligation is $1,275 (December 31, 2019 - $1,985). The present value of the obligation was calculated using a risk-free interest rate of 5.96% (December 31, 2019 - 6.86%) and an inflation rate of 3.15% (December 31, 2019 - 3.54%). Reclamation activities are estimated to begin in 2023 for the San Gonzalo Mine and in 2041 for the Avino Mine. A reconciliation of the changes in the reclamation provision during the years ended December 31, 2020, and 2019, is as follows:
|  | December 31, 2020 |  |  | December 31, 2019 |
Balance at beginning of the period |  | $ | 1,524 |  |  | $ | 10,799 |
Changes in estimates |  |  | (737 | ) |  |  | 840 |
Disposition of Bralorne (Note 5) |  |  | - |  |  |  | (10,828 | )
Unwinding of discount related to Bralorne |  |  | - |  |  |  | 217 |
Unwinding of discount related to continuing operations |  |  | 99 |  |  |  | 104 |
Effect of movements in exchange rates |  |  | (78 | ) |  |  | 392 |
Balance at end of the period |  | $ | 808 |  |  | $ | 1,524 |
During the year ended December 31, 2020, the Company recognized a decrease in the asset retirement obligations in connection with the Avino and San Gonzalo Mines due to the changes in estimated timing of reclamation activities, and closure cost estimates. As a result, a reduction of $544 was recognized in relation to the capitalized costs of the Avino Mine (Note 11 - Plant, equipment and mining properties) and an amount of $193 was recognized in the consolidated statement of operations and comprehensive income (loss) in relation to the reduction of the asset retirement obligation of the San Gonzalo Mine.

X
- Definition The disclosure of provisions. [Refer: Provisions] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfProvisionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration