XML 80 R48.htm IDEA: XBRL DOCUMENT v3.22.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Supplemental Cash Flow Information  
Schedule of effective income tax rate reconciliation

 

 

Years ended December 31

 

 

 

2021

 

 

2020

 

Loss before income taxes

 

$16,790

 

 

$10,763

 

Canadian federal and provincial income tax rates

 

 

27%

 

 

27%

Expected income tax recovery

 

 

(4,533)

 

 

(2,906)

Increase (decrease) in income tax recovery resulting from:

 

 

 

 

 

 

 

 

Spin-out transaction

 

 

-

 

 

 

8,650

 

Acquisition of Eastmain

 

 

-

 

 

 

(7,838)

Share-based compensation

 

 

552

 

 

 

683

 

Share issuance costs

 

 

(60)

 

 

(462)

Adjustment to tax estimates

 

 

1,170

 

 

 

(22)

Amortization of flow-through share premium

 

 

(1,220)

 

 

(120)

Flow-through expenditures renunciation

 

 

2,856

 

 

 

489

 

Difference in future and foreign tax rates

 

 

(172)

 

 

234

 

Other

 

 

(149)

 

 

55

 

Increase in unrecognized tax asset

 

 

1,556

 

 

 

1,237

 

Income tax recovery

 

$-

 

 

$-

 
Disclosure of deferred tax assets and liabilities

 

 

December 31

2020

 

 

Net loss

 

 

Equity

 

 

December 31

2021

 

Deferred income tax assets

 

 

 

 

Non-capital losses carried forward

 

$19,846

 

 

$1,186

 

 

$-

 

 

 

21,032

 

Capital losses carried forward

 

 

82

 

 

 

101

 

 

 

-

 

 

 

183

 

Share issuance costs and CEC

 

 

833

 

 

 

(281)

 

 

-

 

 

 

552

 

Investments

 

 

44

 

 

 

(26)

 

 

-

 

 

 

18

 

Site reclamation obligations

 

 

1,137

 

 

 

(16)

 

 

-

 

 

 

1,121

 

Property and equipment

 

 

312

 

 

 

64

 

 

 

-

 

 

 

376

 

Mineral property interests

 

 

3,985

 

 

 

1,016

 

 

 

-

 

 

 

5,001

 

Capital lease obligation

 

 

66

 

 

 

58

 

 

 

-

 

 

 

124

 

Other

 

 

-

 

 

 

63

 

 

 

-

 

 

 

63

 

 

 

 

26,305

 

 

 

2,165

 

 

 

-

 

 

 

28,470

 

Deferred income tax liabilities

 

 

 

 

 

 

 

Property and equipment

 

 

(52)

 

 

(34)

 

 

-

 

 

 

(86)

Mineral property interests

 

 

(877)

 

 

(729)

 

 

-

 

 

 

(1,606)

Investments

 

 

(196)

 

 

154

 

 

 

-

 

 

 

(42)

Net deferred tax assets

 

 

25,180

 

 

 

1,556

 

 

 

-

 

 

 

26,736

 

Unrecognized deferred tax assets

 

 

(25,180)

 

 

(1,556)

 

 

-

 

 

 

(26,736)

Net deferred tax balance

 

$-

 

 

$-

 

 

$-

 

 

$-

 

 

 

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

 

$-

 

 

$-

 

 

$-

 

 

$-