Reverse Acquisition (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Purchase price allocation

	Amount $’000
Fair value of the Company’s shares(1)	$	2,287
Less net identifiable assets (liabilities) of the Company
Cash		60
Accounts receivable		1,183
Prepaid expenses		14
Inventory		906
Mineral properties		7,865
Property, plant and equipment		2,210
Goodwill		4,379
Performance bond		351
Accounts payable and accrued liabilities		(8,725	)
Bank indebtedness		(400	)
Loan payable and current portion of long-term debt		(581	)
Long-term debt		(2,062	)
Accrued interest on debt		(550	)
Asset retirement obligation		(739	)
Deferred tax liabilities		(1,624	)
	$	2,287

(1) The fair value of 5,908,687 common shares issued to pre-reverse acquisition Hunt shareholders is $2,287 based on the fair value of $0.387 per common share (converted from GBP 0.310 closing stock price of Patagonia Gold PLC prior to the transaction on July 24, 2019).

Pro forma information

	Revenue		Comprehensive Income (Loss)
	$’000		$’000
Actual results of Hunt from July 24, 2019 to December 31, 2019	$	2,286	$	(1,650	)
2019 combined results (had the reverse acquisition occurred on January 1, 2019)	$	23,067	$	(13,117	)
2019 combined results (had the reverse acquisition occurred on January 1, 2018)	$	23,067	$	(11,606	)
2018 combined results (had the reverse acquisition occurred on January 1, 2018)	$	51,402	$	(15,489	)