Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2017

The table below summarizes the activity on the November 2016 Loan:

	September 30, 2017		December 31, 2016
Balance, beginning of the period	$	26,347	$	36,053
Interest payable transferred to principal balance		1,560		2,977
Accretion of discount on loans		1,250		1,996
Capitalized financing fee and legal fees		-		(930)
Reduction of debt upon issuance of warrants		-		(3,090)
Repayment of loans and interest		-		(10,659)
Balance, end of the period	$	29,157	$	26,347

Current portion	$	9,061	$	-
Non-current portion	$	20,096	$	26,347

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 loan:

	Three Months		Three Months		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	September 30,		September 30,		September 30,		September 30,
	2017		2016		2017		2016
Accretion of the November 2016 Loan discount	$	510	$	-	$	1,250	$	-
Interest expense related to the November 2016 Loan		642		-		1,914		-
Interest expense related to Komatsu financial loans ⁽¹⁾		143		144		428		464
Accretion of the June 2015 Loan discount		-		621		-		1,853
Interest expense related to the June 2015 Loan		-		1,050		-		3,057
Accretion of discount and interest on loan	$	1,295	$	1,815	$	3,592	$	5,374

⁽¹⁾

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.

⁽²⁾

Interest capitalization ended on March 31, 2016 because 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, 2017, and December 31, 2016 are as follows:

	September 30, 2017		December 31, 2016
Assets, GQM LLC	$	152,193	$	151,802
Liabilities, GQM LLC		(24,092)		(20,710)
Net assets, GQM LLC	$	128,101	$	131,092

Schedule of Comprehensive Income Net of Tax Attributable To Noncontrolling Interest [Table Text Block]

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			Three Months			Nine Months			Nine Months
	Ended			Ended			Ended			Ended
	September 30,			September 30,			September 30,			September 30,
	2017			2016			2017			2016
Net and comprehensive income (loss) in GQM LLC	$	(2,674)		$	1,706		$	(2,991)		$	(1,922)
Non-controlling interest percentage		50	%		50	%		50	%		50	%
Net and comprehensive loss attributable to non-controlling interest	$	(1,335)		$	853		$	(1,495)		$	(961)
Net and comprehensive loss attributable to permanent non-controlling interest	$	(801)		$	512		$	(897)		$	(577)
Net and comprehensive loss attributable to temporary non-controlling interest	$	(534)		$	341		$	(598)		$	(384)

Schedule Of Non-controlling Interest [Table Text Block]

	Permanent Non-		Temporary Non-
	Controlling		Controlling
	Interest		Interest
Carrying value of non-controlling interest, December 31, 2016	$	39,327	$	26,219
Net and comprehensive loss for the period		(897)		(598)
Carrying value of non-controlling interest, September 30, 2017	$	38,430	$	25,621

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details