Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of detailed information about financial instruments [abstract]

Disclosure of detailed information about financial instruments

The following table shows the carrying amounts and fair values of the Company’s financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

	Carrying amount								Fair value
December 31, 2020	Assets at amortized cost		Fair value through profit and loss		Liabilities at amortized cost		Total		Level 1		Level 2		Level 3		Total
Financial assets measured at fair value
Derivative assets	$	-	$	185	$	-	$	185	$	-	$	185	$	-	$	185
	$	-	$	185	$	-	$	185
Financial assets not measured at fair value
Cash	$	35,152	$	-	$	-	$	35,152		35,152		-		-		35,152
Restricted cash		15,019		-		-		15,019		15,019		-		-		15,019
Amounts receivable		797		-		-		797		797		-		-		797
	$	50,968	$	-	$	-	$	50,968
Financial liabilities not measured at fair value
Accounts payable and accrued liabilities	$	-	$	-	$	41,010	$	41,010		41,010		-		-		41,010
Dunebridge revolving credit facility		-		-		31,813		31,813		-		31,813		-		31,813
Secured notes payable		-		-		374,706		374,706		329,632		-		-		329,632
	$	-	$	-	$	447,529	$	447,529

	Carrying amount								Fair value
December 31, 2019	Assets at amortized cost		Fair value through profit and loss		Liabilities at amortized cost		Total		Level 1		Level 2		Level 3		Total
Financial assets measured at fair value
Derivative assets	$	-	$	787	$	-	$	787	$	-	$	787	$	-	$	787
	$	-	$	787	$	-	$	787
Financial assets not measured at fair value
Cash	$	34,751	$	-	$	-	$	34,751		34,751		-		-		34,751
Amounts receivable		1,688		-		-		1,688		1,688		-		-		1,688
	$	36,439	$	-	$	-	$	36,439
Financial liabilities not measured at fair value
Accounts payable and accrued liabilities	$	-	$	-	$	47,319	$	47,319		47,319		-		-		47,319
Secured notes payable		-		-		378,869		378,869		378,083		-		-		378,083
	$	-	$	-	$	426,188	$	426,188

Disclosure of detailed information about financial liabilities and capital commitments including contractual obligations

The following table summarizes the contractual maturities of the Company’s significant financial liabilities and capital commitments, including contractual obligations:

	Less than		1 to 3		4 to 5		After 5
	1 Year		Years		Years		Years		Total
Gahcho Kué Diamond Mine commitments	$	4,058	$	-	$	-	$	-	$	4,058
Gahcho Kué Diamond Mine decommissioning fund		10,000		20,000		10,000		-		40,000
Dunebridge revolving credit facility - Principal		31,813		-		-		-		31,813
Dunebridge revolving credit facility - Interest		1,193		-		-		-		1,193
Notes payable - Principal		-		381,674		-		-		381,674
Notes payable - Interest		30,958		30,958		-		-		61,916
	$	78,022	$	432,632	$	10,000	$	-	$	520,654

Disclosure of detailed information about net assets (liabilities)

As at December 31, 2020 and 2019, the Company had cash, derivative assets, accounts payable and accrued liabilities, the Dunebridge revolving credit facility and the secured notes payable that are in U.S. dollars. The Canadian dollar equivalent is as follows:

	December 31,			December 31,
	2020			2019
Cash	$	33,703		$	31,682
Derivative assets		185			200
Accounts payable and accrued liabilities		(2,538	)		(3,346	)
Dunebridge revolving credit facility		(31,813	)		-
Secured notes payable		(381,674	)		(389,262	)
Total	$	(382,137	)	$	(360,726	)