XML 90 R50.htm IDEA: XBRL DOCUMENT
v3.21.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Options exercisable, remaining contractual life |
Schedule of effective income tax rate reconciliation |
|  | Years ended December 31 |
|  | 2020 |  |  | 2019 |
Loss before income taxes |  | $ | (10,763 | ) |  | $ | (9,602 | )
Canadian federal and provincial income tax rates |  |  | 27 | % |  |  | 27 | %
Expected income tax recovery |  |  | (2,906 | ) |  |  | (2,593 | )
Increase (decrease) in income tax recovery resulting from: |  |  |  |  |  |  |  |
Spin-out transaction |  |  | 8,650 |  |  |  | - |
Acquisition of Eastmain |  |  | (7,838 | ) |  |  | - |
Share-based compensation |  |  | 683 |  |  |  | 918 |
Share issuance costs |  |  | (462 | ) |  |  | (63 | )
Adjustment to tax estimates |  |  | (22 | ) |  |  | 151 |
Amortization of flow-through share premium |  |  | (120 | ) |  |  | (234 | )
Flow-through expenditures renunciation |  |  | 489 |  |  |  | 822 |
Difference in future and foreign tax rates |  |  | 234 |  |  |  | - |
Other |  |  | 55 |  |  |  | (1,202 | )
Increase in unrecognized tax asset |  |  | 1,237 |  |  |  | 2,147 |
Income tax recovery |  | $ | - |  |  | $ | (54 | )
Disclosure of deferred tax assets and liabilities |
|  | December 31 2019 |  |  | Net loss |  |  | Equity |  |  | December 31 2020 |
Deferred income tax assets |  |  |  |  |  |  |  |  |  |  |  |
Non-capital losses carried forward |  | $ | 15,076 |  |  | $ | 4,770 |  |  | $ | - |  |  | $ | 19,846 |
Capital losses carried forward |  |  | 45 |  |  |  | 37 |  |  |  | - |  |  |  | 82 |
Share issuance costs and CEC |  |  | 656 |  |  |  | 177 |  |  |  | - |  |  |  | 833 |
Investments |  |  | 57 |  |  |  | (13 | ) |  |  | - |  |  |  | 44 |
Site reclamation obligations |  |  | 576 |  |  |  | 561 |  |  |  | - |  |  |  | 1,137 |
Property and equipment |  |  | 259 |  |  |  | 53 |  |  |  | - |  |  |  | 312 |
Mineral property interests |  |  | 7,823 |  |  |  | (3,838 | ) |  |  | - |  |  |  | 3,985 |
Capital lease obligation |  |  | - |  |  |  | 66 |  |  |  | - |  |  |  | 66 |
Peruvian Value Added Tax Receivable |  |  | 402 |  |  |  | (402 | ) |  |  | - |  |  |  | - |
Foreign exchange on intercompany |  |  | 6 |  |  |  | (6 | ) |  |  | - |  |  |  | - |
|  |  | 24,900 |  |  |  | 1,405 |  |  |  | - |  |  |  | 26,305 |
Deferred income tax liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment |  |  | - |  |  |  | (52 | ) |  |  | - |  |  |  | (52 | )
Mineral property interests |  |  | (913 | ) |  |  | 36 |  |  |  | - |  |  |  | (877 | )
Investments |  |  | - |  |  |  | (196 | ) |  |  | - |  |  |  | (196 | )
Bridge loan |  |  | (44 | ) |  |  | 44 |  |  |  | - |  |  |  | - |
Net deferred tax assets |  |  | 23,943 |  |  |  | 1,237 |  |  |  | - |  |  |  | 25,180 |
Unrecognized deferred tax assets |  |  | (23,943 | ) |  |  | (1,237 | ) |  |  | - |  |  |  | (25,180 | )
Net deferred tax balance |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
|  | December 31 2018 |  |  | Net loss |  |  | Equity |  |  | December 31 2019 |
Deferred Income tax assets |  |  |  |  |  |  |  |  |  |  |  |
Non-capital losses carried forward |  | $ | 13,690 |  |  | $ | 1,386 |  |  | $ | - |  |  | $ | 15,076 |
Capital losses carried forward |  |  | 45 |  |  |  | - |  |  |  | - |  |  |  | 45 |
Share issuance costs & CEC |  |  | 913 |  |  |  | (320 | ) |  |  | 63 |  |  |  | 656 |
Investments |  |  | 79 |  |  |  | (22 | ) |  |  | - |  |  |  | 57 |
Site reclamation obligations |  |  | 511 |  |  |  | 65 |  |  |  | - |  |  |  | 576 |
Property and equipment |  |  | 197 |  |  |  | 62 |  |  |  | - |  |  |  | 259 |
Mineral property interests |  |  | 7,061 |  |  |  | 762 |  |  |  | - |  |  |  | 7,823 |
Peruvian VAT Receivable |  |  | 355 |  |  |  | 47 |  |  |  | - |  |  |  | 402 |
FX on intercompany |  |  | (104 | ) |  |  | 110 |  |  |  | - |  |  |  | 6 |
|  |  | 22,747 |  |  |  | 2,090 |  |  |  | 63 |  |  |  | 24,900 |
Deferred income tax liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property interests |  |  | (951 | ) |  |  | 38 |  |  |  | - |  |  |  | (913 | )
Bridge loan |  |  | - |  |  |  | 10 |  |  |  | (54 | ) |  |  | (44 | )
Net deferred tax assets |  |  | 21,796 |  |  |  | 2,138 |  |  |  | 9 |  |  |  | 23,943 |
Unrecognized deferred tax assets |  |  | (21,796 | ) |  |  | (2,084 | ) |  |  | (63 | ) |  |  | (23,943 | )
Net deferred tax balance |  | $ | - |  |  | $ | 54 |  |  | $ | (54 | ) |  | $ | - |

X
- References No definition available. + Details
Name: | FURY_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock
Namespace Prefix: | FURY_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | FURY_IncomeTaxesAbstract
Namespace Prefix: | FURY_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
Name: | FURY_ScheduleOfEffectiveIncomeTaxRateReconciliationTextBlock
Namespace Prefix: | FURY_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration