DEFERRED REVENUE (Tables)

12 Months Ended

Dec. 31, 2018

Deferred Revenue Tables Abstract

Deferred revenue

		At December 31		At December 31		At January 1
(in thousands)		2018		2017		2017
Deferred revenue – pre-sold toll milling	$	37,727	$	38,652	$	-
	$	37,727	$	38,652	$	-
Deferred revenue-by balance sheet presentation:
Current	$	4,567	$	4,936	$	-
Non-current		33,160		33,716		-
	$	37,727	$	38,652	$	-

Deferred revenue liability continuity

(in thousands)		2018		2017
Balance-January 1	$	38,652	$	-
Proceeds of APG Arrangement, net
Upfront proceeds		-		43,500
Less: toll milling cash receipts from July 1, 2016 to January 31, 2017		-		(3,520)
Revenue earned during the period		(4,239)		(4,443)
Accretion		3,314		3,115
Balance-December 31	$	37,727	$	38,652