INCOME TAXES

12 Months Ended

Aug. 31, 2020

Disclosure of income tax [Abstract]

INCOME TAXES [Text Block]

18.          INCOME TAXES

The income taxes shown in the consolidated earnings differ from the amounts obtained by applying statutory rates to the earnings before provision for income taxes due to the following:

	2020			2019			2018
Loss before income taxes	$	7,056		$	16,670		$	40,024
Income tax recovery at statutory rates		(1,905	)		(4,503	)		(10,941	)
Difference of foreign tax rates		(8	)		(2	)		(231	)
Non-deductible expenses and non-taxable portion of capital gains		(216	)		1,316			358
Changes in unrecognized deferred tax assets and other		2,201			3,295			10,814
Income tax expense (recovery)		72			106			—
Income tax expense (recovery) consists of:
Current income taxes	$	—		$	—		$	—
Deferred income taxes		72			106			—
	$	72		$	106		$	—

The gross movement on the net deferred income tax account is as follows:

		2020			2019			2018
Deferred tax liability at the beginning of the year	$	—		$	—		$	—
Tax (expense) relating to the loss from continuing operations		(72	)		(106	)		(15,527	)
Tax recovery relating to components of other comprehensive loss		72			106			—
Tax recovery recorded in deficit		—			—			15,527
Deferred tax liability at the end of the year	$	—		$	—		$	—

The significant components of the Company's net deferred income tax liabilities are as follows:

		2020			2019			2018
Convertible notes	$	(661	)	$	(1,024	)	$	—
Loans payable		(247	)		(339	)		—
Mineral properties		(2,221	)		(2,354	)		(2,434	)
Loss carry-forwards		3,129			3,717			2,434
	$	—		$	—		$	—

Unrecognized deductible temporary differences, unused tax losses and unused tax credits are attributed to the following:

		2020		2019		2018
Tax Losses:
Operating loss carry-forwards - Canada	$	137,029	$	125,851	$	106,058
Operating loss carry-forwards - South Africa		100,409		28,925		23,026
Net capital loss carry-forwards		—		204		621
	$		$	154,980	$	129,705
Temporary Differences:
Mineral properties	$	7,672	$	7,526	$	7,664
Financing Costs		7,539		13,357		18,831
Property, plant and equipment		697		807		735
Other		603		381		254
	$	16,511	$	22,071	$	27,484
Investment Tax Credits:	$	318	$	312	$	318

The Company's Canadian operating loss carry-forwards expire between 2026 and 2040. The Company's South African operating loss carry-forwards do not expire. The Company's Canadian unused investment tax credit carry-forwards expire between 2029 and 2035. The Company's Canadian net capital loss carry-forwards do not expire.