Sale of Sunward Investments Ltd (Tables)

12 Months Ended

Nov. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Gain On Sale of Business [Table Text Block]

The Company recognized a gain on the sale of Sunward Investments of $4.4 million as of September 1, 2016 as outlined below.

 

in thousands of dollars
	$
Consideration received	8,102
Cash reimbursement from GMI	51
Net assets sold	(3,545)
Transaction costs	(160)
Gain on sale of Sunward Investments	4,448

Schedule of Expenses Comprise the Discontinued Operations [Table Text Block]

Following the announcement, the Company classified the operations of Sunward Investments as discontinued operations, retrospectively. The following expenses comprise the discontinued operations of Sunward Investments and substantially the entire Colombian segment of the Company for the periods of ownership noted.

in thousands of dollars

	December 1, 2015 - September 1, 2016 $		June 19, 2015 – November 30, 2015 $
Amortization		95		63
Foreign exchange loss		4		23
General and administrative		5		3
Mineral properties expense		460		309
Professional fees		34		-
Discontinued operations expense for the year		598		398
Gain on sale of Sunward Investments Ltd.		(4,448)		-
(Income)/loss from discontinued operations for the year		(3,850)		398