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INCOME AND MINING TAXES (Tables)
12 Months Ended
Dec. 31, 2019
INCOME AND MINING TAXES.  
Schedule of deferred income tax recovery (expense)

​

​

​

​

​

​

​

​

​

​

​

​

    

2019

    

2018

    

2017

United States

​

$

2,420

​

$

2,185

​

$

10,349

Foreign

​

​

1,424

​

​

585

​

​

5,020

Deferred tax benefit

​

$

3,844

​

$

2,770

​

$

15,369

Schedule of net income (loss) before tax

​

​

​

​

​

​

​

​

​

​

​

​

​

2019

    

2018

​

2017

United States

​

$

(22,319)

​

$

(27,001)

​

$

(19,913)

Foreign

​

​

(41,272)

​

​

(20,639)

​

​

(6,090)

Loss before income and mining taxes

​

$

(63,591)

​

$

(47,640)

​

$

(26,003)

Schedule of reconciliation of the tax provision at statutory U.S. Federal and State income tax rates to the actual tax provision recorded in the financial statement

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​

​

​

​

​

​

​

​

​

​

Expected tax recovery at

    

2019

    

2018

    

2017

Loss before income and mining taxes

​

$

(63,591)

​

$

(47,640)

​

$

(26,003)

Statutory tax rate

​

​

21%

​

​

21%

​

​

35%

US Federal and State tax expense at statutory rate

​

​

(13,354)

​

​

(10,004)

​

​

(9,101)

Reconciling items:

​

​

​

​

​

​

​

​

​

Equity pickup in MSC

​

 

2,626

​

 

2,966

​

 

(16)

Deferred foreign income inclusion

​

 

598

​

 

5,963

​

 

21,002

Realized flow-through expenditures

​

​

3,150

​

​

2,100

​

​

—

Realized flow-through premium

​

​

(2,954)

​

​

(1,675)

​

​

—

Foreign tax credits

​

​

—

​

​

—

​

 

(16,628)

Tax rate changes

​

​

976

​

​

—

​

 

28,048

Adjustment for foreign tax rates

​

 

(200)

​

 

40

​

 

115

Other permanent differences

​

 

8,540

​

 

4,419

​

 

(1,761)

Unrealized foreign exchange rate (loss)/gain

​

 

(1,095)

​

 

(6,935)

​

 

2,469

NOL expires and revisions

​

 

810

​

 

(120)

​

 

(2,806)

Valuation allowance

​

 

(2,941)

​

 

476

​

 

(36,691)

Income and mining tax recovery

​

$

(3,844)

​

$

(2,770)

​

$

(15,369)

Schedule of tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities

​

​

​

​

​

​

​

​

​

​

    

2019

    

2018

 

Deferred tax assets:

​

​

​

​

​

​

​

Net operating loss carryforward

​

$

57,667

​

$

55,515

​

Mineral Properties

​

 

60,299

​

 

62,345

​

Other temporary differences

​

 

14,356

​

 

15,198

​

Total gross deferred tax assets

​

 

132,322

​

 

133,058

​

Less: valuation allowance

​

 

(121,212)

​

 

(124,153)

​

Net deferred tax assets

​

$

11,110

​

$

8,905

​

Deferred tax liabilities:

​

​

​

​

​

​

​

Acquired mineral property interests

​

​

(16,024)

​

​

(15,331)

​

Total deferred tax liabilities

​

$

(16,024)

​

$

(15,331)

​

Deferred income and mining tax liability

​

$

(4,914)

​

$

(6,426)

​

Summary of changes in valuation allowance

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the year ended December 31,

    

Balance at
beginning of period

    

Additions(a)

    

Deductions(b)

    

Balance at
end of period

2019

​

$

124,153

​

$

2,104

​

$

(5,045)

​

$

121,212

2018

​

​

123,648

​

​

12,232

​

​

(11,727)

​

​

124,153

2017

​

​

111,621

​

​

51,220

​

​

(39,193)

​

​

123,648

(a)The additions to valuation allowance mainly results from the Company and its subsidiaries incurring losses and exploration expenses for tax purposes which do not meet the more-likely-than-not criterion for recognition of deferred tax assets.
(b)The reductions to valuation allowance mainly results from release of valuation allowance, expiration of the Company’s tax attributes, foreign exchange reductions of tax attributes in Canada, Mexico and Argentina and inflationary adjustments to tax attributes in Argentina.
Summary of company's non operating losses that can be applied against future taxable profit

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​

​

​

​

​

​

​

​

Country

    

Type of Loss

   

Amount

   

Expiry Period

United States(a)

​

Net-operating losses

​

$

129,409

​

2020-2039

Mexico

​

Net-operating losses

​

​

34,876

​

2020-2029

Canada(a)

​

Net-operating losses

​

​

36,692

​

2020-2039

Argentina(a)

​

Net-operating losses

​

​

41,922

​

2020-2024

(a)The losses in the United States, Canada, and Argentina are part of multiple consolidating groups, and therefore, may be restricted in use to specific projects.

​