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Capital Stock (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Common shares
Common Shares Year ended   Year ended  
  December 31, 2019   December 31, 2018  
  Number   Amount   Number*   Amount  
       $’000        $’000  
Balance, beginning of year     254,355,192     $ 301       25,436,715,471     $ 31,868  
Share reorganization     -       -       (25,182,360,279 )     (31,567 )
Share issued in reverse acquisition (note 26)     63,588,798       2,287       -       -  
Balance, end of year     317,943,990     $ 2,588       254,355,192     $ 301  

 

*The comparative share capital amounts for the year ended December 31, 2018 have been retroactively adjusted to reflect the legal capital of the Patagonia Gold Corp. (accounting acquiree). These amounts have been multiplied by 10.76 to reflect the shares issued to Patagonia Gold PLC in the reverse acquisition transaction.

 

Stock option activity
    December 31, 2019     December 31, 2018  
    Number of options     Weighted Average Price (CAD)     Number of options     Weighted Average Price (CAD)  
 Balance, beginning of year     1,706,830     $ 13.896       171,808,000     $ 0.139  
After Share reorganization     -     $ -       1,718,080     $ 13.903  
 Granted     7,650,000     $ 0.065       -     $ -  
 Expiration of stock options     (1,706,830 )   $ 13.896       (11,250 )   $ 13.886  
 Balance, end of year     7,650,000     $ 0.065       1,706,830     $ 13.896  
Stock options by exercise price
  Range of Exercise prices (CAD)   Number outstanding   Weighted average life (years)   Weighted average exercise price (CAD)   Number exercisable on December 31, 2018  
 Stock options   $ 0.065       7,650,000       4.74     $ 0.065       7,650,000  
Fair value assumptions
  Year ended
  December 31, 2019
 Discount rate 1.46%  
 Expected volatility 253.14%  
 Expected life (years) 5  
 Expected dividend yield 0%  
 Forfeiture rate 0%  
 Stock price CAD$ 0.06