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Deferred Consideration (Tables)
3 Months Ended
Mar. 31, 2022
Text Block [Abstract]  
Summary of valuation of deferred consideration
The Company determined the present value of the deferred consideration of $245,177 and $228,062 at March 31, 2022 and December 31, 2021 using the following assumptions: 
 
 
  
March 31,
2022
 
 
December 31,
2021
 
Forward-looking gold price (low) – per ounce
   $ 1,958      $ 1,833  
Forward-looking gold price (high) – per ounce
   $ 2,853      $ 2,705  
Forward-looking gold price (weighted average) – per ounce
   $ 2,263      $ 2,106  
Discount rate
     9.0
%
     9.0
%
 
Perpetual growth rate
     0.9
%
     1.0
%
Schedule of Deferred Consideration
During the three months ended March 31, 2022 and 2021, the Company recognized the following in respect of deferred consideration:
 
    
Three Months Ended
March 31,
 
    
2022
    
2021
 
Contractual gold payments
   $ 4,450      $ 4,270  
Contractual gold payments – gold ounces paid
     2,375        2,375  
(Loss)/gain on revaluation of deferred consideration – gold payments
(1)
   $ (17,018    $ 2,832  
 
(1)
Losses on revaluation of deferred consideration—gold payments result from an increase in spot gold prices, an increase in the forward-looking price of gold, an increase in the perpetual growth rate and a decrease in the discount rate used to compute the present value of the annual payment obligations. Gains on revaluation of deferred consideration—gold payments result from a decrease in spot gold prices, a decrease in the forward-looking price of gold, a decrease in the perpetual growth rate and an increase in the discount rate used to compute the present value of the annual payment obligations.