XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.21.2

TERM FACILITY | 6 Months Ended
--- | ---
Jun. 30, 2021
Note 11 - TERM FACILITY |
11. | TERM FACILITY
| In July 2015, the Company entered into a ten million dollar term facility with Samsung C&T U.K. Limited (“Samsung”). Interest is charged on the facility at a rate of US dollar LIBOR (3 month) plus 4.75%. The agreement was later amended in 2018 to extend the repayment period and modify the monthly payments. Other material terms of the facility remained unchanged. The Company is currently repaying the remaining balance in monthly instalments of $278 ending September 2021, with 6 remaining payments as at June 30, 2021. The Company is committed to selling Avino Mine concentrate on an exclusive basis to Samsung until December 31, 2024. The facility is secured by the concentrates produced under the agreement and by 33% of the common shares of the Company’s wholly-owned subsidiary Compañía Minera Mexicana de Avino, S.A. de C.V.. The facility with Samsung relates to the sale of concentrates produced from the Avino Mine only. The continuity of the term facility with Samsung for the six months ended June 30, 2021, and the year ended December 31, 2020, is as follows:
|  | June 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Balance at beginning of the period |  | $ | 2,513 |  |  | $ | 5,897 |
Repayments |  |  | (1,667 | ) |  |  | (3,333 | )
Unwinding of fair value adjustment |  |  | (11 | ) |  |  | (51 | )
Balance at end of the period |  |  | 835 |  |  |  | 2,513 |
Less: Current portion |  |  | (835 | ) |  |  | (2,513 | )
Non-current portion |  | $ | - |  |  | $ | - |

X
- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2020-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfLeasesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration