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CAPITAL LEASES
 12 Months Ended
Dec. 31, 2017
CAPITAL LEASES  
CAPITAL LEASES

NOTE 20 CAPITAL LEASES

As a part of the Black Fox acquisition, the Company acquired certain capital lease obligations related to the use of mining equipment at the Black Fox mine. This equipment continues to be reported as a part of the Company’s property, plant and equipment with amortization booked on a straight line basis over the estimated useful life of the asset.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

Interest Rates

    

Maturities

 

    

2017

    

2016

Capital Lease Obligations

 

 

4.74 -10.09%

 

2018 - 2019

 

 

$

551

 

$

 -

 

 

 

 

 

 

 

 

 

551

 

 

 -

Less current portion

 

 

 

 

 

 

 

 

470

 

 

 -

Long-term capital lease obligations

 

 

 

 

 

 

 

$

81

 

$

 -