Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment reporting

	Lomada Project			Cap- Oeste Project			Calcatreu Project			Martha and La Josefina Projects			Argentina Uruguay and Chile			UK			North America			Total
	$’000			$’000			$’000			$’000			$’000			$’000			$’000			$’000
Revenue	$	4,750			14,903		$	-		$	2,285		$	-		$	-		$	-		$	21,938
Cost of sales		(3,879	)		(11,006	)		-			(1,545	)		-			-			-			(16,430	)
Gross profit	$	871			3,897		$	-		$	740		$	-		$	-		$	-		$	5,508
Operating expense
Exploration expense	$	-			(227	)	$	(1,300	)	$	(300	)	$	(1,931	)	$	-		$	-		$	(3,758	)
Administrative expense		-			-			(279	)		(871	)		(4,072	)		(1,433	)		(307	)		(6,962	)
Depreciation expense		-			-			(18	)		(115	)		(67	)		(100	)		-			(300	)
Impairment of mineral properties		-			-			-			-			-			(1,996	)		-			(1,996	)
Share-based payments		-			-			-			-			-			(40	)		(87	)		(127	)
Interest expense		-			-			-			-			(765	)		(782	)		(584	)		(2,131	)
Total operating expense	$	-			(227	)	$	(1,597	)	$	(1,286	)	$	(6,835	)	$	(4,351	)	$	(978	)	$	(15,274	)
Other income/(expense)
Interest income	$	-			-		$	34		$	-		$	157		$	-		$	-		$	191
Gain/(loss) on foreign exchange		-			-			(11	)		(152	)		628			(440	)		352			377
Accretion expense		(46	)		(39	)		-			(94	)		-			-			-			(179	)
Total other income/(expense)	$	(46	)		(39	)	$	23		$	(246	)	$	785		$	(440	)	$	352		$	389
Income/(loss) – before income tax	$	825			3,631		$	(1,574	)	$	(792	)	$	(6,050	)	$	(4,791	)	$	(626	)	$	(9,377	)
Income tax/(benefit)		-			-			(193	)		(866	)		761			-			-			(298	)
Net income/(loss)	$	825			3,631		$	(1,767	)	$	(1,658	)	$	(5,289	)	$	(4,791	)	$	(626	)	$	(9,675	)

	Lomada Project		Cap- Oeste Project			Calcatreu Project			COSE Project		Argentina Uruguay and Chile			UK			North America			Total
		$’000		$’000			$’000			$’000		$’000			$’000			$’000			$’000
Revenue	$	-	$	47,441		$	-		$	-	$	-		$	-		$	-		$	47,441
Cost of sales		-		(36,361	)		-			-		-			-			-			(36,361	)
Gross profit	$	-	$	11,080		$	-		$	-	$	-		$	-		$	-		$	11,080
Operating expense
Other operating income	$	-	$	-		$	-		$	1,505	$	-		$	-		$	-		$	1,505
Exploration expense		-		-			(1,720	)		-		(82	)		-			-			(1,802	)
Administrative expense		-		-			(61	)		-		(4,706	)		(1,005	)		(80	)		(5,852	)
Depreciation expense		-		-			(105	)		-		(60	)		-			-			(165	)
Impairment of mineral properties		-		-			-			-		-			-			-			-
Share-based payments		-		-			-			-		-			(190	)		-			(190	)
Interest expense		-		-			-			-		(1,275	)		(390	)		-			(1,665	)
Total operating expense	$	-	$	-		$	(1,886	)	$	1,505	$	(6,123	)	$	(1,585	)	$	(80	)	$	(8,169	)
Other income/(expense)
Interest income	$	-	$	-		$	-		$	-	$	142		$	-		$	-		$	142
Gain/(loss) on foreign exchange		-		-			(71	)		-		(12,252	)		1,026			(1,464	)		(12,761	)
Accretion expense		-		-			-			-		(578	)		-			-			(578	)
Total other income/(expense)	$	-	$	-		$	(71	)	$	-	$	(12,688	)	$	1,026		$	(1,464	)	$	(13,197	)
Income/(loss) – before income tax	$	-	$	11,080		$	(1,957	)	$	1,505	$	(18,811	)	$	(559	)	$	(1,544	)	$	(10,286	)
Income tax/(benefit)		-		-			-			-		2,440			-			-			2,440
Net income/(loss)	$	-	$	11,080		$	(1,957	)	$	1,505	$	(16,371	)	$	(559	)	$	(1,544	)	$	(7,846	)

	Total Assets				Total liabilities
	December 31,				December 31
	2019		2018		2019		2018
	$’000		$’000		$’000		$’000
Argentina – Cap-Oeste	$	9,116	$	19,005	$	2,629	$	4,374
Argentina - Lomada		2,996		1,231		1,979		1,220
Argentina - Calcatreu		14,678		13,751		1,591		256
Argentina - Martha & La Josefina		12,106		-		5,475		-
Argentina and Chile		11,263		11,270		3,875		13,532
United Kingdom		177		1,951		20,240		11,333
North America		4,453		-		9,824		-
Total	$	54,789	$	47,208	$	45,613	$	30,715