INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

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



	December 31, 2019		December 31, 2018
Deductible temporary differences
Canada	$	7,006	$	8,844
Ghana	49,869		31,509
	$	56,875	$	40,353

Tax losses
Canada	$	60,195	$	50,718
U.S.	138		175
Ghana	305,261		287,545
	$	365,594	$	338,438

Total unrecognized deferred tax assets
Canada	$	67,201	$	59,562
U.S.	138		175
Ghana	355,130		319,054
	$	422,469	$	378,791

Our net deferred tax (liabilities)/assets at December 31, 2019 and 2018 include the following components:



	December 31, 2019			December 31, 2018
Deferred tax assets
Tax losses carried forward	$	—		$	10,322
Deductible temporary differences relating to provisions	4,672			5,995
Deferred tax liabilities
Mine property costs	25,226			15,723
Net deferred tax (liabilities)/assets	$	(20,554	)	$	594

The income tax expense includes the following components:



	For the years ended December 31,
	2019		2018
Current tax expense
Current tax on net earnings	$	6,291	$	—
Deferred tax expense
Originating and reversal of temporary differences in the current year	21,148		12,350
Income tax expense	$	27,439	$	12,350

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



	For the years ended December 31,
	2019			2018
Net loss before tax	$	(50,534	)	$	(11,721	)
Statutory tax rate	26.5		%	26.5		%
Tax benefit at statutory rate	$	(13,392	)	$	(3,106	)

Foreign tax rates	(21,367		)	(15,562		)
Other	—			132
Non taxable/deductible items	1,914			(676		)
Change in unrecognized deferred tax assets due to exchange rates	(2,424		)	3,427
Change in unrecognized deferred tax assets due to impairment	19,867			—
Change in unrecognized deferred tax assets	42,841			28,135
Deferred income tax expense	$	27,439		$	12,350

At December 31, 2019, the Company had a tax pool and loss carryovers expiring as follows: