Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

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.

	Carrying amount								Fair value
December 31, 2021	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	$	-	$	775	$	-	$	775	$	-	$	775	$	-	$	775
	$	-	$	775	$	-	$	775
Financial assets not measured at fair value
Cash	$	25,000	$	-	$	-	$	25,000		25,000		-		-		25,000
Restricted cash		25,144		-		-		25,144		25, 144		-		-		25, 144
Amounts receivable		877		-		-		877		877		-		-		877
	$	51,021	$	-	$	-	$	51,021
Finacial liabilities not measured at fair value
Accounts payable and accrued liabilities	$	-	$	-	$	36,893	$	36,893		36,893		-		-		36,893
Secured notes payable		-		-		375,517		375,517		357,607		-		-		357,607
	$	-	$	-	$	412,410	$	412,410

	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

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	$	4,391	$	-	$	-	$	-	$	4,391
Gahcho Kué Diamond Mine decommissioning fund		10,000		20,000		-		-		30,000
Notes payable - Principal		379,034		-		-		-		379,034
Notes payable - Interest		30,323		-		-		-		30,323
	$	423,748	$	20,000	$	-	$	-	$	443,748

Disclosure of detailed information about net assets (liabilities)

As at December 31, 2021 and 2020, 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,
	2021			2020
Cash	$	11,968		$	33,703
Derivative assets		731			-
Accounts payable and accrued liabilities		(1,949	)		(2,538	)
Dunebridge revolving credit facility		-			(31,813	)
Secured notes payable		(379,034	)		(381,674	)
Total	$	(368,284	)	$	(382,322	)