XML 30 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF LOSS - CAD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement [Line Items]      
ROYALTY INCOME $ 2,857,927 $ 2,227,322 $ 1,609,553
Cost of sales      
Gold tax (120,618) (111,366) (80,478)
Depletion (2,282,276) (2,163,221) (1,716,848)
Net royalty (loss) income 455,033 (47,265) (187,773)
EXPLORATION EXPENDITURES 6,334,119 6,415,533 5,948,802
Less: recoveries (1,863,045) (1,415,574) (1,584,127)
Net exploration expenditures 4,471,074 4,999,959 4,364,675
GENERAL AND ADMINISTRATIVE EXPENSES      
Administrative and office 724,519 721,645 900,453
Depreciation 28,622 114,489 116,119
Investor relations and shareholder information 389,222 274,966 218,731
Professional fees 664,295 510,533 574,067
Salaries and consultants 1,023,831 894,166 961,108
Share-based payments 676,054 467,939 470,116
Transfer agent and filing fees 168,445 165,040 107,566
Travel 90,041 71,561 187,374
Total general and administrative expenses 3,765,029 3,220,339 3,535,534
Loss from operations (7,781,070) (8,267,563) (8,087,982)
Change in fair value of fair value throught profit or loss investments 122,191 258,702 (427,022)
Permanent loss recorded in the fair value of available for sale investments 0 (697,675) 0
Gain on acquisition and sale of exploration and evaluation assets 1,305,237 6,834,999 5,393,305
Equity loss in associated companies (994,548) (1,295,568) (1,062,146)
Dilution gain in associated companies 503,543 982,634 0
Foreign exchange gain (loss) (659,473) (159,862) 1,220,085
Realized gain (loss) on sale of investments 83,345 (287,204) (58,360)
Interest and other gains on derivative instruments 246,728 16,328 (172,168)
Impairment of royalty interest 0 0 (3,973,699)
Write-off of exploration and evaluation assets 0 0 (56,085)
Impairment of accounts receivable 0 0 (51,302)
Writedown of goodwill (2,709,239) (1,518,328) (3,047,605)
Gain (loss) on derecognition and sale of property and equipment 0 10,723 15,892
Loss before income taxes (9,883,286) (4,122,814) (10,307,087)
Deferred income tax recovery 2,489,902 1,439,332 3,431,230
Loss for the year $ (7,393,384) $ (2,683,482) $ (6,875,857)
Basic and diluted loss per share $ (0.09) $ (0.04) $ (0.09)
Weighted average number of common shares outstanding 78,002,082 73,874,415 73,480,833