Income taxes (Tables)

12 Months Ended

Nov. 30, 2016

Schedule of Income Tax Expense [Table Text Block]

Income tax expense differs from the amount that would result from applying the Canadian federal and provincial income tax rates to earnings before income taxes. These differences result from the following items:

in thousands of dollars

	November 30, 2016 $			November 30, 2015 $			November 30, 2014 $
Combined federal and provincial statutory tax rate		26.00	%		26.00	%		26.00	%
Income taxes at statutory rate		(1,264)			(2,479)			(2,508)
Difference in foreign tax rates		(750)			(680)			(580)
Effect of foreign exchange changes		(339)			2,264			-
Non-taxable gain on the sale of Sunward Investments		(545)			-			-
Non-deductible expenditures		175			239			243
Return to provision adjustments		(510)			(102)			(224)
Other		(68)			-			-
Disposition of Sunward Investments		7,051			-			-
Valuation allowance		(3,750)			758			3,069
Income tax expense		-			-			-

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

The significant components of deferred income tax assets and liabilities at November 30, 2016 and 2015 are as follows:

in thousands of dollars

	November 30, 2016 $		November 30, 2015 $
Deferred income tax assets
Non-capital losses		58,204		63,397
Mineral property interest		14,491		14,116
Deferred interest		9,040		9,040
Property, plant and equipment		47		61
Share issuance costs		126		198
Other deductible temporary differences		450		575
Total deferred tax assets		82,358		87,387
Valuation allowance		(82,344)		(86,094)
Net deferred income tax assets		14		1,293
Deferred income tax liabilities
Mineral property interest		-		(1,109)
Other taxable temporary differences		(14)		(184)
Deferred income tax liabilities		(14)		(1,293)
Net deferred income tax assets		-		-

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

The losses expire as follows in the following jurisdictions:

in thousands of dollars

	Non-capital losses Canada $		Operating losses United States $
2017		-		-
2018		-		4,206
2019		-		975
2020		-		830
Thereafter		31,262		115,797
		31,262		121,808