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Income taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Taxes  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

 

 

 

 

Year ended December 31,

 

2015

 

2014

 

2013

 

$

 

$

 

$

Loss before income taxes

(4,110)

 

(8,749)

 

(30,353)

 

 

 

 

 

 

Statutory rate

26.50%

 

26.50%

 

26.50%

Expected recovery of income tax

(1,089)

 

(2,318)

 

(8,044)

Effect of foreign tax rate differences

(212)

 

(619)

 

(3,247)

Non-deductible amounts

57

 

106

 

108

Effect of changes in enacted future rates

76

 

65

 

(286)

Effect of change in foreign exchange rates

(155)

 

(186)

 

(161)

Effect of stock based compensation

 -

 

 -

 

159

Change in valuation allowance

(1,992)

 

2,952

 

11,471

 

(3,315)

 

 -

 

 -

Recovery of deferred income taxes

(3,345)

 

 -

 

 -

 

30

 

 -

 

 -

 

Schedule of Deferred Tax Assets and Liabilities

 

 

 

 

 

 

 

As at December 31,

 

2015

 

2014

 

2013

 

$

 

$

 

$

Future income tax assets

 

 

 

 

 

Deferred tax assets

8,386

 

8,074

 

8,337

Net operating loss carry forwards

41,647

 

42,251

 

39,432

Less:  valuation allowance

(50,033)

 

(50,325)

 

(47,769)

 

 

 

 

 

 

 

 -

 

 -

 

 -

 

 

 

 

 

 

Future income tax liabilities

 

 

 

 

 

Mineral properties

 -

 

3,345

 

3,345

 

 

 

 

 

 

Net deferred tax liability

 -

 

3,345

 

3,345

 

Summary of Valuation Allowance

 

 

 

 

 

 

 

Income tax recovery (expense)

2015

 

2014

 

2013

 

$

 

$

 

$

Recovery of deferred tax liability stemming from Pathfinder acquisition

3,345

 

 -

 

 -

Current income tax expense

(30)

 

 -

 

 -

 

 

 

 

 

 

 

3,315

 

 -

 

 -

 

Summary of Operating Loss Carryforwards [Table Text Block]

 

 

 

 

 

 

Income tax loss carry forwards

 

 

 

 

 

Canadian (expiring 2016 - 2036)

 

 

 

 

$
30,597

United States (expiring 2025 - 2035)

 

 

 

 

$
92,971