Management of Capital

12 Months Ended

Dec. 31, 2018

Disclosure Of Objectives Policies And Processes For Managing Capital [Abstract]

Management of Capital

24. MANAGEMENT OF CAPITAL

The Company’s objectives of capital management are intended to safeguard the Company’s normal operating requirements on an ongoing basis and the continued development and exploration of its mineral properties. At December 31, 2018, the capital of the Company consists of consolidated equity, equipment loan payable and other financial liability, net of cash and cash equivalents and short-term investments.

		December 31, 2018				December 31, 2017
Equity	$		254,224		$		196,585
Equipment loans payable			4,535				-
Other financial liability			2,441				-
			261,200				196,585
Less: Cash and cash equivalents			(21,978	)			(31,474	)
Less: Short-term investments			-				(20,082	)
	$		239,222		$		145,029

In order to facilitate the management of its capital requirements, the Company prepares expenditure budgets that are updated as necessary depending on various factors, including successful capital deployment and general industry conditions.

The Company also has in place a planning, budgeting and forecasting process which is used to identify the amount of funds required to ensure the Company has appropriate liquidity to meet short and long-term operating objectives. In order to maintain or adjust its capital structure, the Company may issue new shares or debt.

At December 31, 2018 and 2017, the Company was not subject to any externally imposed capital requirements.