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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Major components of tax expense (income) [abstract] |
Disclosure of detailed information about deferred taxes | The tax effects of temporary differences between amounts recorded in the Company's accounts and the corresponding amounts as computed for income tax purposes gives rise to deferred tax liabilities as follows:
|  | As at December 31,
| 2023 |  |  | 2022 |
Royalty interest | $ | (14,162) |  |  | $ | (14,288) |
Tax loss carryforwards | 12,504 |  |  | 13,120 |
Other | 843 |  |  | 71 |
Total liability | $ | (815) |  |  | $ | (1,097) |
Disclosure of detailed information about temporary difference, unused tax losses and unused tax credits | As at December 31, 2023 and 2022, no deferred tax assets recognized on the following temporary differences as it was not probable that sufficient future taxable profit will be available to realize such assets:
|  | As at December 31, |  |
| 2023 |  |  | 2022 |  |  | Expiry Date Range
Tax loss carryforwards | $ | 12,024 |  |  | $ | 30,577 |  |  | 2026-2043
Exploration and evaluation assets | 11,733 |  |  | 2,017 |  |  | No expiry
Other | 24,070 |  |  | 18,693 |  |  | No expiry
Disclosure of detailed information about income tax expense | Income Tax Expense
|  | For the year ended December 31,
| 2023 |  | 2022
Current tax expense | $ | 1,522 |  |  | $ | 771 |
Deferred tax expense (recovery) | (282) |  |  | 4,175 |
Total | $ | 1,240 |  |  | $ | 4,946 |
Disclosure of detailed information about effective income tax expense (recovery) | The provision for income taxes differs from the amount calculated using Canadian federal and provincial statutory income tax rates is as follows:
|  | For the year ended December 31,
| 2023 |  |  | 2022 |
Net income (loss) before taxes | $ | (3,393) |  |  | $ | 8,295 |
Statutory tax rate (%) | 27 |  |  | 27 |
Expected income tax (recovery) | $ | (916) |  |  | $ | 2,240 |
Impact of inflationary adjustments | (5,393) |  |  | - |
Non-deductible expenses arising from thin-capitalization | 4,181 |  |  | - |
Differences in foreign statutory tax rates | 975 |  |  | (1,411) |
Permanent differences | 895 |  |  | 1,608 |
Change in unrecognized deductible temporary differences and other | 1,289 |  |  | 2,383 |
Withholding taxes | 244 |  |  | 167 |
Foreign exchange | (35) |  |  | (41) |
Total | $ | 1,240 |  |  | $ | 4,946 |

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- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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