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Investments in associates (Tables)

12 Months Ended

Dec. 31, 2022

Investments in associates

Company's investments in associates

		Dolly Varden				UMS				Total
Carrying amount at December 31, 2021		$	-			$	-			$	-
Acquisition of equity investment			60,439				151				60,590
Disposal (note 1)			(12,280	)			-				(12,280	)
Company’s share of net loss of associates			(5,856	)			(24	)			(5,880	)
Carrying amount at December 31, 2022		$	42,303			$	127			$	42,430

Reconcillation of impairment expense

Carrying amount, investment in Dolly Varden		$	55,265
Equity interest transferred to held for sale			22.2%
Carrying amount transferred to asset held for sale			12,280
Less: FVLCD			(6,774	)
Impairment expense recognized		$	5,506

Company's share of net loss of associates

Year ended December 31, 2022		Dolly Varden				UMS				Total
Cost recoveries		$	-			$	(4,412	)		$	(4,412	)
Exploration and evaluation			16,936				1,642				18,578
Marketing			1,057				312				1,369
Share-based compensation			1,786				2,433				4,219
Administrative and other			(508	)			121				(387	)
Net loss of associate, 100%			19,271				96				19,367
Average equity interest for the period			30.4%				25%
Company’s share of net loss of associates		$	5,856			$	24			$	5,880

Company's equity share of net assets of associate

		Dolly Varden				UMS
Current assets		$	28,914			$	879
Non-current assets			155,198				2,750
Current liabilities			(4,100	)			(1,654	)
Non-current liabilities			-				(1,467	)
Net assets, 100%			180,012				508
Company’s equity share of net assets of associate		$	42,303			$	127

Total transactions for the period

		Years ended December 31
		2022				2021
Exploration and evaluation costs		$	590			$	215
General and administration			841				384
Total transactions for the period		$	1,431			$	599