XML 89 R41.htm IDEA: XBRL DOCUMENT v3.22.4
Acquisition of Ely, Golden Valley and Abitibi (Details Narrative)
$ / shares in Units, $ in Thousands, $ in Millions
12 Months Ended
Nov. 05, 2021
USD ($)
shares
Royalty
Aug. 23, 2021
USD ($)
shares
$ / shares
Sep. 30, 2022
USD ($)
shares
Sep. 30, 2021
USD ($)
shares
Aug. 23, 2021
CAD ($)
shares
IfrsStatementLineItems [Line Items]          
Cash paid on acquisition   $ 65,016      
Options outstanding | shares     6,030,076 3,016,200  
15,946,732 Ely Warrants deemed to be exchanged for GRC Shares   5,641      
Total consideration $ 305,957 200,851      
Risk-free interest rate     1.39%    
Expected volatility     47.99%    
Expected dividend yield     0.14%    
Consulting fees     $ 4,125 $ 2,677  
Recognized share-based compensation     3,146 $ 2,995  
Share consideration     $ 213    
Ely [member]          
IfrsStatementLineItems [Line Items]          
15,946,732 Ely Warrants deemed to be exchanged for GRC Shares   5,641      
Total consideration   $ 2,603      
Golden Valley and Abitibi [member]          
IfrsStatementLineItems [Line Items]          
Number of shares issued | shares 61,104,200        
Business acquisition, shares issued | shares 61,104,200        
Options outstanding | shares 1,166,389        
Number of options issued | shares 2,498,045        
Total consideration $ 305,957        
Consulting Fees 3,000        
Acquisitions Through Business Combinations Cash and Marketable Securities $ 34,922        
Risk-free interest rate     0.40%    
Expected life     4 years 1 month 6 days    
Expected volatility     37.00%    
Expected dividend yield     0.00%    
Estimated forfeiture rate     0.00%    
Revenue     $ 1,239    
Net loss     146    
Consolidated pro forma revenue     3,944    
Consolidated pro forma net loss     21,826    
Transaction costs and change of control payments     11,300    
Golden Valley and Abitibi [member] | Canadian Malartic Property [Member]          
IfrsStatementLineItems [Line Items]          
Royalties acquired | Royalty 4        
Net profit interest royalty percentage 15.00%        
Golden Valley and Abitibi [member] | Canadian Malartic Property [Member] | Royalty One [Member]          
IfrsStatementLineItems [Line Items]          
Net smelter return royalty percentage 1.50%        
Golden Valley and Abitibi [member] | Canadian Malartic Property [Member] | Royalty Two [Member]          
IfrsStatementLineItems [Line Items]          
Net smelter return royalty percentage 2.00%        
Golden Valley and Abitibi [member] | Canadian Malartic Property [Member] | Royalty Three [Member]          
IfrsStatementLineItems [Line Items]          
Net smelter return royalty percentage 3.00%        
Golden Valley and Abitibi [member] | Cheechoo Project [Member] | Minimum [Member]          
IfrsStatementLineItems [Line Items]          
Net smelter return royalty percentage 2.50%        
Golden Valley and Abitibi [member] | Cheechoo Project [Member] | Maximum [Member]          
IfrsStatementLineItems [Line Items]          
Net smelter return royalty percentage 4.00%        
Golden Valley [Member]          
IfrsStatementLineItems [Line Items]          
Number of shares issued | shares 2.1417        
Abitibi [Member]          
IfrsStatementLineItems [Line Items]          
Number of shares issued | shares 4.6119        
GRC Shares [member]          
IfrsStatementLineItems [Line Items]          
Number of shares issued on acquisition | shares   30,902,176      
Cash paid on acquisition   $ 65,000     $ 84
Share price | $ / shares   $ 4.22      
Risk-free interest rate   0.40%      
Expected life   1 year 10 months 28 days      
Expected volatility   37.00%      
Expected dividend yield   0.00%      
Estimated forfeiture rate   0.00%      
Weighted average fair value | $ / shares   $ 0.35      
Ely Warrant [member]          
IfrsStatementLineItems [Line Items]          
Number of warrants issued to purchase shares | shares   15,946,732      
Exercise price of shares | $ / shares   $ 0.2450      
Exercise price of shares | $ / shares   $ 0.0001      
Warrants exercisable | shares   3,906,949     3,906,949
15,946,732 Ely Warrants deemed to be exchanged for GRC Shares   $ 3,038      
Ely Shares [member]          
IfrsStatementLineItems [Line Items]          
Transaction costs     2,900    
Advisory and consulting fees     1,900    
Consulting fees     1,000    
Recognized share-based compensation     543    
Payment from cash consideration     330    
Share consideration     $ 213