XML 30 R9.htm IDEA: XBRL DOCUMENT v3.23.4
Amounts receivable
 3 Months Ended
Nov. 30, 2023
Amounts Receivable  
Amounts receivable

4.Amounts receivable

 

          
     November 30, 2023      August 31, 2023  
Receivable from precious metal sales  $—     $488 
Sales tax receivable(1)   5,221    5,554 
Other   75    46 
 Other receivable   5,296    6,088 
Less: Long-term portion   (3,234)   (2,948)
Total amounts receivable  $2,062   $3,140 

(1)Sales tax receivables consist of harmonized services tax and value added tax ("VAT") due from Canadian and Tanzanian tax authorities, respectively. Tanzanian tax regulations allow for VAT receivable to be refunded or set-off against other taxes due to the Tanzania Revenue Authority ("TRA"). The Company has historically experienced delays in receiving payment or confirmation of offset against other taxes. The Company is in communication with the TRA and there is an expectation for either cash payments or offsetting of VAT receivable against other taxes in the future. VAT which the Company does not expect to recover within the next 12 months has been classified as long-term assets.

 

The Company held no collateral for any receivables. During the three months ended November 30, 2023, the Company recovered $1.3 million of VAT refunds from the TRA.