Income Taxes

12 Months Ended

Dec. 31, 2020

Disclosure Of Income Tax [Abstract]

Income Taxes

17.     INCOME TAXES

Rate Reconciliation

The provision for income tax differs from the amount that would have resulted by applying the combined Canadian statutory income tax rates of approximately 26.5% (2019 – 26.5%):

	December 31, 2020			December 31, 2019
Loss before income taxes		$                     (263,429)			$                     (131,939)
		26.5%			26.5%
Tax expense calculated using statutory rates		(69,809	)		(34,964)
Expenses not deductible (earnings not taxable)		(1,185)			(2,520)
Change in tax benefits not recognized		70,994			37,484
Current and deferred mining taxes		-			(3,181)
Income tax expenses		$                                 -			$                         (3,181)
Current income tax expense		$                                 -			$ (7)
Deferred tax expense		$                                 -			$                         (3,174)

Components of deferred tax assets and liabilities

	December 31, 2020			December 31, 2019
Deferred tax liabilities
Inventory	$	(449	)	$	717
Property, plant & equipment		(30	)		(6,562)
Derivative assets and debt		(519	)		(53)
Deferred tax asset
Non-capital & capital loss carryforwards		998			5,898
	$	-		$		-

Unrecognized deferred tax assets

Deductible temporary differences for which deferred tax assets have not been recognized are attributable to the following:

	December 31, 2020		December 31, 2019
Property, plant and equipment	$	104,795	$	8,823
Decommissioning and restoration liability		71,923		58,273
Capital losses		426		2,923
Non-capital losses, expiring 2034 to 2040		351,218		198,701
Share issuance cost		178		150
Secured notes payable		-		5,771
	$	528,540	$	274,641

The Company also has unrecognized deductible temporary differences of $277.8 million for Northwest Territories Mining Royalty purposes at December 31, 2020 (December 31, 2019 - $57.8 million)