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Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2016
Related Party Transaction [Line Items]  
Schedule of Debt [Table Text Block]
The terms of the registration rights remains unchanged as does the Company’s assessment of the likelihood of the registration rights being exercised. 
 
 
 
September 30, 2016
 
December 31, 2015
 
Balance, beginning of the period
 
$
36,053,012
 
$
13,881,305
 
Accretion of discount on the June 2015 Loan
 
 
1,853,023
 
 
1,374,228
 
Interest payable transferred to principal balance of the June 2015 loan
 
 
2,977,029
 
 
1,181,507
 
Fair value at inception, notes payable
 
 
-
 
 
33,497,277
 
Repayment of loans
 
 
-
 
 
(2,500,000)
 
Accretion of financing and legal fees
 
 
-
 
 
967,156
 
Extinguishment of the December 2014 Loan
 
 
-
 
 
(12,500,000)
 
Loss on extinguishment of debt
 
 
-
 
 
151,539
 
Balance, end of the period
 
$
40,883,064
 
$
36,053,012
 
Schedule Of Amortization Of Discounts And Interest On Loans And Convertible Debentures [Table Text Block]
The following table summarizes the amortization of discounts and interest on loans and convertible debentures:
 
 
 
Three Months
Ended
September 30,
 
Three Months
Ended
September 30,
 
Nine Months
Ended
September 30,
 
Nine Months
Ended
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Accretion of the June 2015 Loan discount
 
$
620,971
 
$
600,797
 
$
1,853,024
 
$
743,866
 
Interest expense related to the June 2015 Loan
 
 
1,050,023
 
 
937,500
 
 
3,057,406
 
 
1,166,667
 
*Interest expense related to Komatsu financial loans
 
 
143,567
 
 
91,301
 
 
463,818
 
 
135,859
 
Interest expense related to the convertible debentures
 
 
-
 
 
14,321
 
 
-
 
 
94,907
 
Amortization of the convertible debentures
 
 
-
 
 
262,203
 
 
-
 
 
1,852,754
 
Interest expense related to the december 2014 Loan
 
 
-
 
 
-
 
 
-
 
 
547,945
 
Accretion of the december 2014 loan financing fees
 
 
-
 
 
-
 
 
-
 
 
967,155
 
Accretion of discount and interest on loan and convertible debentures
 
$
1,814,561
 
$
1,906,122
 
$
5,374,249
 
$
5,509,153
 
 
*Komatsu is not a related party and has only been included in the above table to reconcile the total interest expense incurred for the period to the amounts capitalized and expensed.
Schedule Of Amortization Of Discount And Interest Expense [Table Text Block]
The Company’s loans were contracted to fund significant development costs. The Company capitalizes a portion of the interest expense as it related to funds borrowed to complete development activities at the Project site.
 
 
 
Three Months
Ended
September 30,
 
Three Months
Ended
September 30,
 
Nine Months
Ended
September 30,
 
Nine Months
Ended
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Accretion of discounts and interest on loan, advance and convertible debenture*
 
$
1,814,561
 
$
1,906,122
 
$
5,374,249
 
$
5,509,153
 
Less: Interest costs capitalized**
 
 
-
 
 
(924,732)
 
 
(1,005,223)
 
 
(2,509,899)
 
Interest expense
 
$
1,814,561
 
$
981,390
 
$
4,369,026
 
$
2,999,254
 
 
*Komatsu is not a related party and has only been included in the above table to reconcile the total interest expense incurred for the period to the amounts capitalized and expensed.
 **Interest capitalization ended on March 31, 2016 as the mine went into production on April 1, 2016.
Schedule of Variable Interest Entities [Table Text Block]
The net assets of GQM LLC as of September 30, 2016 and December 31, 2015 are as follows:
 
 
 
September 30, 2016
 
December 31, 2015
 
Assets, GQM LLC
 
$
154,296,007
 
$
158,209,916
 
Liabilities, GQM LLC
 
 
(20,599,036)
 
 
(22,591,211)
 
Net assets, GQM LLC
 
$
133,696,971
 
$
135,618,705
 
Schedule of Comprehensive Income Net of Tax Attributable To Noncontrolling Interest [Table Text Block]
Non-Controlling Interest
The carrying value of the non-controlling interest is adjusted for net income and loss, distributions and contributions pursuant to ASC 810-10 based on the same percentage allocation used to calculate the initial book value of temporary equity.
 
 
 
Three Months
Ended
September 30,
 
Three Months
Ended
September 30,
 
Nine Months
Ended
September 30,
 
Nine Months
Ended
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Net and comprehensive income (loss) in GQM LLC
 
$
1,706,349
 
$
(557,852)
 
$
(1,921,733)
 
$
(2,556,001)
 
Non-controlling interest percentage
 
 
50
%
 
50
%
 
50
%
 
50
%
Net and comprehensive income (loss) attributable to non-controlling interest
 
$
853,173
 
$
(278,926)
 
$
(960,867)
 
$
(1,278,001)
 
Net and comprehensive income (loss) attributable to permanent non-controlling interest
 
$
511,904
 
$
(167,355)
 
$
(576,520)
 
$
(766,801)
 
Net and comprehensive income (loss) attributable to temporary non-controlling interest
 
$
341,269
 
$
(111,571)
 
$
(384,347)
 
$
(511,200)
 
Schedule Of Non-controlling Interest [Table Text Block]
 
 
Permanent Non-
Controlling Interest
 
Temporary Non-
Controlling Interest
 
Carrying value of non-controlling interest, December 31, 2015
 
$
40,685,611
 
$
27,123,741
 
Net and comprehensive loss for the period
 
 
(576,520)
 
 
(384,347)
 
Carrying value of non-controlling interest, September 30, 2016
 
$
40,109,091
 
$
26,739,394
 
Share Purchase Warrants [Member]  
Related Party Transaction [Line Items]  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
The derivative liability was calculated using an option pricing valuation model with the following assumptions:
 
 
 
2016
 
2015
 
Risk-free interest rate
 
0.51% - 0.68%
 
0.73% - 1.02%
 
Expected life of derivative liability
 
3.69 - 4.19 years
 
4.44 - 5 years
 
Expected volatility
 
79.45% - 83.3%
 
72.29% - 76.11%
 
Dividend rate
 
0.00%
 
0.00%
 
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
The estimated fair value of the share purchase warrants is as follows:
 
 
 
September 30, 2016
 
December 31, 2015
 
Balance, beginning of the period
 
$
2,498,269
 
$
-
 
Fair value at inception
 
 
-
 
 
4,002,723
 
Change in fair value
 
 
2,371,924
 
 
(1,504,454)
 
Balance, end of the period
 
$
4,870,193
 
$
2,498,269