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Acquisition of Eastmain and formation of Fury Gold (Tables) | 12 Months Ended
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Dec. 31, 2020
Disclosure of detailed information about business combination [abstract] |
Disclosure of net assets transferred |
Net assets transferred |  |  |
Cash |  | $ | 12,781 |
Mineral property interests (note 9) |  |  | 8,949 |
Other assets |  |  | 277 |
Total assets |  |  | 22,007 |
Accounts payable and accrued liabilities (1) |  |  | (260 | )
Total net assets |  |  | 21,747 |
Acquisition costs paid on behalf of the Spincos |  |  | 1,400 |
Total distribution to shareholders (2) |  | $ | 23,147 |
(1) Accounts payable and accrued liabilities represents a $260 amount payable to Fury Gold by the Spincos. (2) The distribution reflects the derecognition of the recorded carrying value of the investments in the Peruvian subsidiaries at October 9, 2020. The fair value of those entities upon distribution was assessed as $67.7 million.
Disclosure of discontinued operations | The components of loss from discontinued operations on the statement of loss and comprehensive loss for the transfer of the Peruvian projects to the Spincos are as follows:
|  | Years ended December 31 |
|  | 2020 |  |  | 2019 |
Operating expenses: |  |  |  |  |  |
Exploration and evaluation costs (note 14) |  | $ | 2,892 |  |  | $ | 3,474 |
Fees, salaries and other employee benefits |  |  | 243 |  |  |  | 240 |
Legal and professional fees |  |  | 101 |  |  |  | 94 |
Office and administration |  |  | 92 |  |  |  | 68 |
|  |  | 3,328 |  |  |  | 3,876 |
Other expenses: |  |  |  |  |  |  |  |
Project investigation costs |  |  | 136 |  |  |  | 156 |
Impairment of mineral property interests (note 9) |  |  | - |  |  |  | 337 |
Foreign exchange loss |  |  | 26 |  |  |  | 16 |
|  |  | 162 |  |  |  | 509 |
Loss from discontinued operations |  | $ | 3,490 |  |  | $ | 4,385 |
The net cash flows from the transfer of the Peruvian projects included as part of the net cash flows from discontinued operations are as follows:
|  | Years ended December 31 |
|  | 2020 |  |  | 2019 |
Net cash used in operating activities |  | $ | (3,224 | ) |  | $ | (3,179 | )
Net cash used in investing activities |  |  | (1,210 | ) |  |  | (937 | )
Net cash provided by financing activities |  |  | - |  |  |  | - |
Disclosure of acquisition date fair value of the consideration paid |
Purchase price |  |  |
Share consideration |  | $ | 117,690 |
Share options and warrants |  |  | 3,450 |
Total equity consideration |  |  | 121,140 |
Transaction costs attributable to Fury Gold |  |  | 3,029 |
Total cost of acquisition |  | $ | 124,169 |
Disclosure of purchase price allocation |
Net assets acquired |  |  |
Cash |  | $ | 413 |
Marketable securities (note 6) |  |  | 1,662 |
Mineral property interests (note 9) |  |  | 125,606 |
Other assets |  |  | 705 |
Total assets acquired |  |  | 128,386 |
Accounts payable and accrued liabilities |  |  | (1,203 | )
Flow-through share premium (note 11) |  |  | (590 | )
Advances received for exploration on Éléonore South JV |  |  | (316 | )
Provision for site reclamation and closure (note 13) |  |  | (1,849 | )
Other liabilities |  |  | (259 | )
Total liabilities assumed |  |  | (4,217 | )
Total net assets acquired |  | $ | 124,169 |

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