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 )   $ -