ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2019

Lexam VG Gold

Schedule of assets acquired and liabilities assumed

Total purchase price:
Common shares issued for acquisition	$	38,141
Transaction fees incurred		1,017
	$	39,158
Fair value of assets acquired and liabilities assumed:
Mineral property interests	$	41,595
Cash and cash equivalents		177
Other current assets		86
Other assets		312
Accounts payable and accrued liabilities		(288)
Reclamation obligations		(570)
Deferred income tax liabilities		(2,154)
	$	39,158

Black Fox

Schedule of assets acquired and liabilities assumed

Total purchase price:
Purchase price	$	35,000
Adjustments to purchase price		(7,500)
	$	27,500
Fair value of assets acquired and liabilities assumed:
Cash	$	249
Accounts Receivable		470
Prepaids		63
Inventory		4,704
Mineral Property Interests		8,954
Plant and Equipment		33,683
Accounts Payable		(5,247)
Accrued Liabilities		(3,213)
Short term capital lease liability		(557)
Asset retirement obligation		(11,233)
Long term capital lease liability		(172)
Deferred tax liability		(201)
Net assets acquired in acquisition	$	27,500