XML 49 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
EXPLORATION AND EVALUATION ASSETS - Exploration and evaluation assets and the related spending commitments (Details)
kr in Thousands, $ in Thousands, $ in Thousands
 12 Months Ended 60 Months Ended
Apr. 11, 2016
Jan. 04, 2016
USD ($)
a
$ / a
Mar. 04, 2012
DKK (kr)
Mar. 04, 2012
CAD ($)
Aug. 15, 2011
DKK (kr)
Aug. 15, 2011
CAD ($)
Dec. 31, 2017
DKK (kr)
Dec. 31, 2017
CAD ($)
Dec. 31, 2016
DKK (kr)
Dec. 31, 2016
CAD ($)
Dec. 31, 2015
DKK (kr)
Dec. 31, 2015
CAD ($)
Dec. 31, 2015
CAD ($)
Jan. 04, 2016
CAD ($)
a
$ / a
Dec. 31, 2015
CAD ($)
Apr. 05, 2010
Disclosure of exploration and evaluation assets                                
Reclamation deposit               $ 14   $ 14            
Post Creek Property                                
Disclosure of exploration and evaluation assets                                
Percentage of interest in property to be acquired on basis of option agreement                               100.00%
Advances payable annually on net smelter return royalties               10   10         $ 10  
Exploration and license related expenditures               53   80            
Halcyon Property                                
Disclosure of exploration and evaluation assets                                
Advances payable annually on net smelter return royalties               8   8         $ 8  
Exploration and license related expenditures               14   25            
Section 35 Property                                
Disclosure of exploration and evaluation assets                                
Exploration and license related expenditures               3   3            
Length of metallic minerals lease   10 years                            
Area covered by metallic minerals lease | a   320                       320    
Reclamation deposit   $ 10,000                       $ 14    
Maniitsoq Property                                
Disclosure of exploration and evaluation assets                                
Exploration and license related expenditures               $ 12,064   8,513            
Percentage of net smelter return royalties             2.50% 2.50%                
Percentage of net smelter return royalties after reduction             1.00% 1.00%                
Payment required to reduce net smelter return royalties               $ 2,000                
Number of days from decision to commence commercial production to reduce net smelter return royalties             60 days 60 days                
Period of additional license application for years 11-13             3 years 3 years                
Period of additional license application after year 13             3 years 3 years                
Sulussugut License                                
Disclosure of exploration and evaluation assets                                
Exploration and license related expenditures               $ 11,079   7,755            
License fee paid         kr 31 $ 6     kr 40 8            
Period of additional license application after first period 5 years                              
Exploration requirement                   0 kr 83,809 $ 15,808 $ 26,116      
Exploration cost               44,937                
Accumulated exploration credits | kr                     kr 100,304          
Approved exploration expenditures             kr 85,094 16,746                
Total carried credits             kr 246,507 48,513                
Ininngui License                                
Disclosure of exploration and evaluation assets                                
Exploration and license related expenditures               985   $ 758            
License fee paid     kr 32 $ 6                        
Period of additional license application after first period                 5 years 5 years            
Exploration requirement                 kr 15,677 $ 3,044            
Exploration cost               $ 3,698                
Percentage of difference between minimum exploration expenditures and actual spend on exploration costs payable in cash             50.00% 50.00%                
Minimum | Section 35 Property                                
Disclosure of exploration and evaluation assets                                
Percentage of production royalty payable   2.00%                       2.00%    
Minimum | Ininngui License                                
Disclosure of exploration and evaluation assets                                
Exploration and license related expenditures                 kr 2,715 $ 535            
Period of license                 5 years 5 years            
Number of consecutive years for which alternative compensation calculation may be used             2 days 2 days                
Maximum | Section 35 Property                                
Disclosure of exploration and evaluation assets                                
Percentage of production royalty payable   2.50%                       2.50%    
Years 1-5 | Section 35 Property                                
Disclosure of exploration and evaluation assets                                
Annual rental fee | $ / a   3.00                       3.00    
Years 6-10 | Section 35 Property                                
Disclosure of exploration and evaluation assets                                
Annual rental fee | $ / a   6.00                       6.00    
Year 11 onwards | Section 35 Property                                
Disclosure of exploration and evaluation assets                                
Additional annual rental fee | $ / a   5.00                       5.00    
Year 11 onwards | Minimum | Section 35 Property                                
Disclosure of exploration and evaluation assets                                
Annual rental fee | $ / a   10.00                       10.00    
Year 11 onwards | Maximum | Section 35 Property                                
Disclosure of exploration and evaluation assets                                
Annual rental fee | $ / a   55.00                       55.00    
2018 | Ininngui License                                
Disclosure of exploration and evaluation assets                                
Exploration requirement | kr                 kr 2,276              
2019 | Ininngui License                                
Disclosure of exploration and evaluation assets                                
Exploration requirement | kr                 6,790              
2020 | Ininngui License                                
Disclosure of exploration and evaluation assets                                
Exploration requirement | kr                 kr 9,367