INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Incomes Taxes [Abstract]

Summary of Deferred Tax Assets

The composition of our unrecognized deferred tax assets by tax jurisdiction is summarized as follows:

	As of		As of
	December 31, 2018		December 31, 2017
Deductible temporary differences
Canada	$	8,844	$	12,755
Ghana	31,509		44,232
	$	40,353	$	56,987
Tax losses
Canada	$	50,718	$	48,411
U.S.	175		311
Ghana	287,545		257,771
	$	338,438	$	306,493
Total unrecognized deferred tax assets
Canada	$	59,562	$	61,166
U.S.	175		311
Ghana	319,054		302,003
	$	378,791	$	363,480

Our net deferred tax assets at December 31, 2018 and 2017 include the following components:

	As of		As of
	December 31, 2018		December 31, 2017
Deferred tax assets
Tax losses carried forward	$	10,322	$	17,773
Deductible temporary differences relating to provisions	5,995		4,821
Deferred tax liabilities
Mine property costs	15,723		9,650
Net deferred tax assets	$	594	$	12,944

Income Tax Recovery

The income tax expense/(recovery) includes the following components:

	For the years ended December 31,
	2018		2017
Current tax recovery
Current tax on net earnings	$	12,350	$	—
Deferred tax recovery
Recovery of previously unrecognized deferred tax assets	—		(12,944		)
Income tax expense/(recovery)	$	12,350	$	(12,944	)

Schedule of Expected Income Tax on Net Loss

A reconciliation of expected income tax on net (loss)/income before minority interest at statutory rates with the actual income tax expense/(recovery) is as follows:

	For the years ended December 31,
	2018			2017
Net (loss)/income before tax	$	(11,721	)	$	28,015
Statutory tax rate	26.5		%	26.5		%
Tax benefit at statutory rate	$	(3,106	)	$	7,424
Foreign tax rates	(15,562		)	(10,629		)
Other	132			74
Non taxable/deductible items	(676		)	(20		)
Change in unrecognized deferred tax assets due to exchange rates	3,427			(1,180		)
Change in unrecognized deferred tax assets	28,135			(8,613		)
Deferred income tax expense/(recovery)	$	12,350		$	(12,944	)

Schedule Of Tax Pool And Loss Carryover Expiration

At December 31, 2018, the Company had a tax pool and loss carryovers expiring as follows:

	Canada		Ghana		Other
2019	$	—	$	33,488	$	—
2020	—		109,841		—
2021	—		12,822
2026	8,115				—
2027	12,306		117,889		—
2028	11,106		—		—
2029	16,841		—		—
2030	15,052		—		—
2031	28,240		—		—
2032	13,670		—		—
2033	5,884		—		347
2034	—		—		364
2035	8,049		—		1
2036	13,123		—		120
2037	14,827
Indefinite	37,867		577,012		—
Total	$	185,080	$	851,052	$	832