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RECEIVABLES

12 Months Ended

Dec. 31, 2017

Statement [Line Items]

RECEIVABLES [Text Block]

4. RECEIVABLES

The Company’s receivables are related to the sale of foreign subsidiaries, royalty receivable, goods and services tax and harmonized sales taxes receivable from government taxation authorities, and recovery of exploration expenditures from joint venture partner.

As at December 31, 2017 and 2016, the current receivables were as follows:

Category		December 31, 2017			December 31, 2016
Sale of Akarca (Note 9)	$	2,447,595		$	4,145,898
Royalty income receivable		258,223			306,513
Refundable taxes		151,163			142,857
Recoverable exploration expenditures and advances		270,547			79,090
Other		248,883			168,375
As at December 31, 2017		3,376,411			4,842,733
Less: Long term portion		-			(1,412,727	)
Total	$	3,376,411		$	3,430,006

The carrying amounts of the Company’s current and non – current receivables are denominated in the following currencies:

Currency		December 31, 2017			December 31, 2016
Canadian Dollars	$	280,925		$	48,448
US Dollars		3,040,347			4,744,825
Turkish Lira		24,535			41,785
Swedish Krona		29,575			6,824
Other		1,029			851
Total	$	3,376,411		$	4,842,733

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- Definition

The disclosure of trade and other receivables. [Refer: Trade and other receivables]

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-URIDate 2017-03-09

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