XML 31 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income taxes (Tables)
12 Months Ended
Nov. 30, 2014
Schedule of Income Tax Expense [Table Text Block]

in thousands of dollars

 
    November 30, 2014     November 30, 2013     November 30, 2012  
    $     $     $  

Combined federal and provincial statutory tax rate

  26.00%     25.67%     25.13%  

Income taxes at statutory rate

  (2,508 )   (6,261 )   (7,794 )

Difference in foreign tax rates

  (580 )   (1,590 )   (2,652 )

Effect of statutory rate changes

  -     (20 )   6  

Expiry of net operating losses

  -     -     376  

Non-deductible expenditures

  243     2,139     2,498  

Other

  (224 )   -     (39 )

Valuation allowance

  3,069     5,732     7,605  

Income tax expense

  -     -     -  
Schedule of Future Income Tax Assets and Liabilities [Table Text Block]

in thousands of dollars

 
    November 30, 2014     November 30, 2013  
    $     $  

Future income tax assets

           

   Non-capital losses

  48,717     45,278  

   Mineral property interest

  14,266     14,704  

   Deferred interest

  9,041     9,041  

   Property, plant and equipment

  24     13  

   Share issuance costs

  235     105  

   Other deductible temporary differences

  699     748  

Total future tax assets

  72,982     69,889  

Valuation allowance

  (72,979 )   (69,840 )

Net future income tax assets

  3     49  

Future income tax liabilities

           

   Other taxable temporary differences

  3     49  

Future income tax liabilities

  3     49  

Net future income tax assets

  -     -  
Schedule of Loss Carry-Forwards Expiry [Table Text Block]

in thousands of dollars

 
    Non-capital losses     Operating losses  
    Canada     United States  
    $     $  
2015   -     -  
2016   -     -  
2017   -     -  
2018   -     4,206  
Thereafter   12,498     106,394  
    12,498     110,600