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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

RELATED PARTY BALANCES AND TRANSACTIONS

Summary of the related party transactions

​

​	​	​	​	​
​		Year ended December 31,
​		2021		2020
​	​	$	​	$
Amounts paid to Goldspot Discoveries Inc. (i) for administration, exploration and evaluation		(1,356,384)		(147,690)
Amounts paid to Mexican Gold Mining Corp. (ii) for legal fees		—		(127,234)
Options exercised by members of key management		666,875		5,753,625

(i) Goldspot Discoveries Inc. is a related entity having the following common director and officer to the Company: Denis Laviolette, Director and President.

(ii) Mexican Gold Mining Corp. is a related entity having the following common director and officer to the Company: John Anderson, Director, Michael Kanevsky, Chief Financial Officer.

Summary of key management personnel compensation

​

​	​	​	​	​	​	​	​	​
​		​		​		​		Year ended
​	​	Salaries and	​	Share-based	​	​	​	December 31,
​	​	Consulting	​	compensation	​	Bonus	​	2021
​	​	$	​	$	​	$	​	$
Executive Chairman		300,000		1,291,220		100,000		1,691,220
Chief Executive Officer		300,000		1,291,220		100,000		1,691,220
President		210,000		1,291,220		70,000		1,571,220
Chief Financial Officer		72,000		—		—		72,000
Chief Operating Officer		195,000		544,192		65,000		804,192
Non-executive directors		80,129		1,546,426		—		1,626,555
Total		1,157,129		5,964,278		335,000		7,456,407

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​		Year ended
​	​	Salaries and	​	Share-based	​	​	​	December 31,
​	​	Consulting	​	compensation	​	Bonus	​	2020
​		$		$		$		$
Executive Chairman		269,070		15,233,481	​	75,000	​	15,577,551
Chief Executive Officer		250,000		4,722,549	​	325,000	​	5,297,549
President		195,000		1,281,825	​	75,000	​	1,551,825
Chief Financial Officer		72,900		—	​	—	​	72,900
Chief Operating Officer		157,083		291,310	​	33,000	​	481,393
Non-executive directors		20,000		886,614	​	—	​	906,614
Total		964,053		22,415,779	​	508,000	​	23,887,832

​

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The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]

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The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]]

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