MAG Silver (MAG) 40-F 1 Apr 19 2018 FY Annual report (Canada) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2018shares
Document Information [Line Items]
Entity Registrant Name	MAG SILVER CORP
Entity Central Index Key	0001230992
Trading Symbol	mag
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding (in shares)	85,539,476
Document Type	40-F
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 130,180	$ 160,395
Accounts receivable	372	160
Prepaid expenses	327	287
TOTAL CURRENT ASSETS	130,879	160,842
INVESTMENTS	1,781	3,096
EQUIPMENT	35	47
INVESTMENT IN ASSOCIATE	81,214	57,074
EXPLORATION AND EVALUATION ASSETS	3,648	1,433
TOTAL ASSETS	217,557	222,492
LIABILITIES
Trade and other payables	1,563	936
COMMITMENTS AND CONTINGENCIES
DEFERRED INCOME TAXES	2,113	1,317
TOTAL LIABILITIES	3,676	2,253
EQUITY
Share capital	392,916	392,554
Equity reserve	18,696	17,719
Accumulated other comprehensive income	(681)	1,214
Deficit	(197,050)	(191,248)
TOTAL EQUITY	213,881	220,239
TOTAL LIABILITIES AND EQUITY	$ 217,557	$ 222,492

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
EXPENSES
Accounting and audit	$ 533	$ 406
Amortization	15	20
Filing and transfer agent fees	254	290
Foreign exchange loss (gain)	72	(349)
General office expenses	843	755
Legal	468	309
Management compensation and consulting fees	2,697	2,521
Mining taxes and other property costs	1,121	1,091
Share based payment expense	2,109	2,268
Shareholder relations	456	539
Travel	312	324
	8,880	8,174
INTEREST INCOME	3,118	1,755
GAIN ON SALE OF EXPLORATION AND EVALUATION ASSETS, NET OF TRANSACTION COSTS	1,151
CHANGE IN FAIR VALUE OF WARRANTS	(622)	342
EQUITY PICK UP FROM ASSOCIATE	227	308
LOSS FOR THE YEAR BEFORE INCOME TAX	(5,006)	(5,769)
DEFERRED INCOME TAX EXPENSE	(796)	(728)
LOSS FOR THE YEAR	(5,802)	(6,497)
Items that will not be reclassified subsequently to profit or loss:
UNREALIZED (LOSS) GAIN ON EQUITY SECURITIES, NET OF TAXES	(1,895)	332
TOTAL COMPREHENSIVE LOSS	$ (7,697)	$ (6,165)
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	$ (0.07)	$ (0.08)
BASIC AND DILUTED (in shares)	85,519,481	81,184,386

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Issued capital [member]	Reserve of equity [member]	Reserve of exchange differences on translation [member]	Reserve of gains and losses on remeasuring available-for-sale financial assets [member]	Amount recognised in other comprehensive income and accumulated in equity relating to non-current assets or disposal groups held for sale [member]	Retained earnings [member]	Total
Balance (in shares) at Dec. 31, 2016	80,704,204
Balance at Dec. 31, 2016	$ 343,654	$ 16,133	$ 784	$ 98	$ 882	$ (184,751)	$ 175,918
Statement Line Items [Line Items]
Stock options exercised (in shares)	45,400
Stock options exercised	$ 398	(115)					283
Stock options exercised cashless (in shares)	127,845
Stock options exercised cashless	$ 554	(554)
Restricted and performance share units converted (in shares)	1,700
Restricted and performance share units converted	$ 13	(13)
Share based payment		2,268					2,268
Issued for cash (in shares)	4,599,641
Issued for cash	$ 47,935						47,935
UNREALIZED (LOSS) GAIN ON EQUITY SECURITIES, NET OF TAXES				332	332		332
Loss for the year						(6,497)	(6,497)
Total Comprehensive Income (Loss)				332	332	(6,497)	(6,165)
Balance (in shares) at Dec. 31, 2017	85,478,790
Balance at Dec. 31, 2017	$ 392,554	17,719	784	430	1,214	(191,248)	220,239
Statement Line Items [Line Items]
Stock options exercised cashless (in shares)	58,191
Stock options exercised cashless	$ 342	(342)
Restricted and performance share units converted (in shares)	2,495
Restricted and performance share units converted	$ 20	(20)
Share based payment		1,339					1,339
UNREALIZED (LOSS) GAIN ON EQUITY SECURITIES, NET OF TAXES				(1,895)	(1,895)		(1,895)
Loss for the year						(5,802)	(5,802)
Total Comprehensive Income (Loss)				(1,895)	(1,895)	(5,802)	(7,697)
Balance (in shares) at Dec. 31, 2018	85,539,476
Balance at Dec. 31, 2018	$ 392,916	$ 18,696	$ 784	$ (1,465)	$ (681)	$ (197,050)	$ 213,881

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES
Loss for the year	$ (5,802,000)	$ (6,497,000)
Items not involving cash:
Amortization	15,000	20,000
Change in fair value of warrants	622,000	(342,000)
Deferred income tax expense	796,000	728,000
Equity pick up from associate	(227,000)	(308,000)
Gain on sale of exploration and evaluation assets, net of transaction costs	(1,151,000)
Share based payment expense	2,109,000	2,268,000
Unrealized foreign exchange loss (gain)	58,000	(355,000)
Accounts receivable	(212,000)	469,000
Prepaid expenses	(39,000)	(106,000)
Trade and other payables	(114,000)	170,000
Net cash used in operating activities	(3,945,000)	(3,953,000)
INVESTING ACTIVITIES
Exploration and evaluation expenditures	(2,216,000)	(1,420,000)
Investment in associate	(23,942,000)	(19,435,000)
Investment in equity securities		(1,704,000)
Disposition costs from sale of exploration and evaluation assets	(51,000)
Purchase of equipment	(3,000)	(13,000)
Redemption of term deposits		55,000,000
Net cash (used in) provided by investing activities	(26,212,000)	32,428,000
FINANCING ACTIVITIES
Issuance of common shares upon exercise of stock options		283,000
Issuance of common shares, net of share issue costs		47,935,000
Net cash provided by financing activities		48,218,000
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(58,000)	355,000
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(30,215,000)	77,048,000
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	160,395,000	83,347,000
CASH AND CASH EQUIVALENTS, END OF YEAR	$ 130,180,000	$ 160,395,000

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of nature of operations [text block]	1. NATURE OF OPERATIONS MAG Silver Corp. (the “Company” or “MAG”) was incorporated on April 21, 1999 April 21, 2000 October 5, 2007. The Company is an exploration and development company working on mineral properties that it has a direct or indirect interest in, that have either been staked or acquired by way of option agreement. The Company has not Although the Company has taken steps to verify title to the properties on which it is conducting exploration and in which it has an interest, in accordance with industry standards for the current stage of exploration of such properties, these procedures do not may Address of registered offices of the Company: 2600 595 Vancouver, British Columbia, Canada V7X 1L3 Head office and principal place of business: 770 800 Vancouver, British Columbia, Canada V6C 2V6

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of significant accounting policies [text block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Statement of compliance These consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). IFRS comprises IFRSs, International Accounting Standards (“IASs”), and interpretations issued by the IFRS Interpretations Committee (“IFRICs”) and the former Standing Interpretations Committee (SICs). The accounting policies of the Company and its subsidiaries have been applied consistently to all periods presented herein except for policies stated below: IFRS 2 Share-based payment. June 2016, 2 Share-based Payment January 1, 2018 no IFRS 9 Financial Instruments 9 Financial Instruments 9” January 1, 2018 not 39 Financial Instruments: Recognition and Measurement 39” 9 39. not 39 9, 9 Note 2 IFRS 15 Revenue from Contracts with Customers. May 8, 2014 January 1, 2018. 15 January 1, 2018 no not 15. IFRIC 22 Foreign currency transactions and advance consideration December 2016, 22 January 1, 2018 no These consolidated financial statements have been prepared on a historical cost basis except for the revaluation of certain financial instruments, which are stated at their fair value. These consolidated financial statements were authorized for issuance by the Board of Directors of the Company on March 25, 2019. (a) Basis of consolidation These consolidated financial statements include the accounts of the Company and its controlled subsidiaries. Control exists when the Company has power over the investee, is exposed or has rights to variable returns from its involvement with the investee, and has the ability to use its power over the investee to affect the amount of the investor’s returns. Subsidiaries are included in the consolidated financial results of the Company from the effective date that control is obtained up to the effective date of disposal or loss of control. The principal wholly-owned subsidiaries as at December 31, 2018 These financial statements also include the Company’s 44% Note 6 Note 2 Where necessary, adjustments have been made to the financial statements of the Company’s subsidiaries and associates prior to consolidation, to conform the significant accounting policies used in their preparation to those used by the Company. (b) Investments in Associates The Company conducts a portion of its business through an equity interest in associates. An associate is an entity over which the Company has significant influence, and is neither a subsidiary nor a joint arrangement, and includes the Company’s 44% not The Company accounts for its investments in associates using the equity method. Under the equity method, the Company’s investment in an associate is initially recognized at cost and subsequently increased or decreased to recognize the Company's share of earnings and losses of the associate and for impairment losses after the initial recognition date. The Company's share of earnings and losses of associates are recognized in profit or loss during the period. Distributions received from an associate are accounted for as a reduction in the carrying amount of the Company’s investment. Impairment At the end of each reporting period, the Company assesses whether there is any evidence that an investment in associate is impaired. The Company has performed an assessment for impairment indicators of its investment in associate as of December 31, 2018 no not not (c) Significant Estimates The preparation of consolidated financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reported period. Significant estimates used in preparation of these financial statements include estimates of the recoverable amount and any impairment of exploration and evaluation assets and of investment in associates, recovery of receivable balances, estimates of fair value of financial instruments where a quoted market price or secondary market for the instrument does not may may (d) Critical judgments The Company makes certain critical judgments in the process of applying the Company’s accounting policies. The following are those judgments that have the most significant effect on the consolidated financial statements: (i) The Company reviews and assesses the carrying amount of exploration and evaluation assets, and its investment in associates for impairment when facts or circumstances suggest that the carrying amount is not Notes 2 2 (ii) In the normal course of operations, the Company may not · The purpose and design of the investee entity. · The ability to exercise power, through substantive rights, over the activities of the investee entity that significantly affect its returns. · The size of the company’s equity ownership and voting rights, including potential voting rights. · The size and dispersion of other voting interests, including the existence of voting blocks. · Other investments in or relationships with the investee entity including, but not · Other relevant and pertinent factors. If the Company determines that it controls an investee entity, it consolidates the investee entity’s financial statements as further described in note 2 2 2 twelve (e) Financial instruments The Company adopted all the requirements of IFRS 9 January 1, 2018. Financial assets Financial assets are classified as either financial assets at fair value through profit or loss (“FVTPL”), fair value through other comprehensive income (“FVTOCI”) or amortized cost. The Company determines the classification of financial assets at initial recognition. (i) Financial assets carried at FVTPL are initially recorded at fair value and transaction costs are expensed in profit or loss. Equity instruments that are held for trading and all equity derivative instruments are classified as FVTPL. Equity derivative instruments such as warrants listed on a recognized exchange are valued at the latest available closing price. Warrants not no (ii) Financial assets at FVTOCI Financial assets carried at FVTOCI are initially recorded at fair value plus transaction costs with all subsequent changes in fair value recognized in other comprehensive income (loss). For investments in equity instruments that are not 9. not (iii) Financial assets are classified at amortized cost if the objective of the business model is to hold the financial asset for the collection of contractual cash flows, and the asset’s contractual cash flows are comprised solely of payments of principal and interest. The Company’s accounts receivable are recorded at amortized cost as they meet the required criteria. A provision is recorded based on the expected credit losses for the financial asset and reflects changes in the expected credit losses at each reporting period (see impairment below). Financial liabilities Financial liabilities are initially recorded at fair value and subsequently measured at amortized cost, unless they are required to be measured at FVTPL (such as derivatives) or the Company has elected to measure at FVTPL. The Company’s financial liabilities include trade and other payables which are classified at amortized cost. The Company has completed a detailed assessment of its financial instruments as at January 1, 2018. 39 9: IAS 39 IFRS 9 Cash and cash equivalents FVTPL FVTPL Equity securities Available-for-sale FVTOCI Equity derivative securities (warrants) FVTPL FVTPL Accounts receivable Loans and receivable Amortized cost Trade and other payables Amortized cost Amortized cost The Company has elected to classify investments in equity securities as FVTOCI as they are not The adoption of this standard did not January 1, 2018 Impairment IFRS 9 no (f) Cash and cash equivalents Cash and cash equivalents include cash on hand, bank deposits, and term deposits with original maturities of three (g) Exploration and evaluation assets With respect to its exploration activities, the Company follows the practice of capitalizing all costs relating to the acquisition, exploration and evaluation of its mining rights and crediting all revenues received against the cost of the related interests. Option payments made by the Company are capitalized until the decision to exercise the option is made. If the option agreement is to exercise a purchase option in an underlying mineral property, the costs are capitalized and accounted for as an exploration and evaluation asset. At such time as commercial production commences, the capitalized costs will be depleted on a units-of-production method based on proven and probable reserves. If a mineable ore body is discovered, exploration and evaluation costs are reclassified to mining properties. If no no Exploration and evaluation expenditures include acquisition costs of rights to explore; topographical, geological, geochemical and geophysical studies; exploratory drilling; trenching and sampling; all costs incurred to obtain permits and other licenses required to conduct such activities, including legal, community, strategic and consulting fees; and activities involved in evaluating the technical feasibility and commercial viability of extracting mineral resources. This includes the costs incurred in determining the most appropriate mining/processing methods and developing feasibility studies. Expenditures incurred prior to the Company obtaining the right to explore are expensed in the period in which they are incurred. When an exploration project has entered into the advanced exploration phase and sufficient evidence of the probability of the existence of economically recoverable minerals has been obtained, pre-operative expenditures relating to mine preparation works are capitalized to mine development costs. Activities that are typically capitalized include costs incurred to build shafts, drifts, ramps and access corridors to enable ore extraction from underground. Impairment Management reviews the carrying amount of exploration and evaluation assets for impairment when facts or circumstances suggest that the carrying amount is not no no may not not (h) Equipment Equipment is recorded at cost less accumulated amortization and impairment losses if any, and is amortized at the following annual rates: Computer equipment 30% declining balance Office equipment 30% declining balance When parts of an item of equipment have different useful lives, they are accounted for as separate equipment items (major components) and depreciated over their respective useful lives. (i) Income taxes Deferred income taxes relate to the expected future tax consequences of unused tax losses and unused tax credits and differences between the carrying amount of statement of financial position items and their corresponding tax values. Deferred tax assets, if any, are recognized only to the extent that, in the opinion of management, it is probable that sufficient future taxable profit will be available to recover the asset. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of substantive enactment. (j) Provisions Provisions are liabilities that are uncertain in timing or amount. The Company records a provision when and only when: (i) The Company has a present obligation (legal or constructive) as a result of a past event; (ii) It is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (iii) A reliable estimate can be made of the amount of the obligation. Constructive obligations are obligations that derive from the Company’s actions where: (i) By an established pattern of past practice, published policies or a sufficiently specific current statement, the Company has indicated to other parties that it will accept certain responsibilities; and (ii) As a result, the Company has created a valid expectation on the part of those other parties that it will discharge those responsibilities. Provisions are reviewed at the end of each reporting period and adjusted to reflect management’s current best estimate of the expenditure required to settle the present obligation at the end of the reporting period. If it is no Closure and reclamation The Company records a provision for the present value of the estimated closure obligations, including reclamation costs, when the obligation (legal or constructive) is incurred, with a corresponding increase in the carrying value of the related assets. The carrying value is amortized over the life of the mining asset on a units-of-production basis commencing with initial commercialization of the asset. The liability is accreted to the actual liability on settlement through charges each period to profit or loss. The provision for closure and reclamation is reviewed at the end of each reporting period for changes in estimates and circumstances. There was no December 31, 2018 December 31, 2017. The operating company of the Company’s investment in associate, Minera Juanicipio, S.A. de C.V., recorded a provision for reclamation and remediation costs of $450 December 31, 2018 ( December 31, 2017: $393 Note 6 (k) Functional currency and presentation currency The functional currency of the parent, its subsidiaries, and the investment in associate is the United States dollar (“US$”). Each entity within the Company determines its own functional currency, and the items included in the financial statements of each entity are measured using that functional currency. The functional currency determination involves certain judgments in evaluating the primary economic environment, and the Company reconsiders the functional currencies of each entity if there is a change in the underlying transactions, events and conditions which determine the primary economic environment. The Company’s reporting and presentation currency is the US$. (l) Foreign currency transactions Transactions incurred in currencies other than the Company’s functional currency (foreign currencies) are recorded at the rates of exchange prevailing at the dates of the transactions. At each statement of financial position date, monetary assets and liabilities are translated using the period end foreign exchange rate. Non-monetary assets and liabilities are translated using the historical rate on the date of the transaction. Non-monetary assets and liabilities that are stated at fair value are translated using the rate on the date that the fair value was determined. All gains and losses on translation of these foreign currency transactions are included in profit or loss. (m) Loss per common share Basic loss per share is based on the weighted average number of common shares outstanding during the year. Diluted loss per share is computed using the weighted average number of common and common equivalent shares outstanding during the year. Common equivalent shares consist of the incremental common shares upon the assumed exercise of stock options and warrants, and upon the assumed conversion of deferred share units and units issued under the Company’s share unit plan, to the extent their inclusion is not As at December 31, 2018, 2,817,280 December 31, 2017: 2,995,721 not (n) Share based payments The fair value of equity-settled share-based payment awards are estimated as of the date of the grant and recorded as share-based payment expense in the consolidated statements of loss over their vesting periods, with a corresponding increase in equity. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market vesting conditions are expected to be met. Market price performance conditions are included in the fair value estimate on the grant date with no The fair value of stock options is estimated using the Black-Scholes-Merton option valuation model. The fair value of restricted and deferred share units, is based on the fair market value of a common share equivalent on the date of grant. The fair value of performance share units awarded with market price conditions is determined using the Monte Carlo pricing model and the fair value of performance share units with non-market performance conditions is based on the fair market value of a common share equivalent on the date of grant. (o) Changes in Accounting Standards The Company has reviewed new accounting pronouncements that have been issued but are not December 31, 2018. IFRS 16 Leases . January 2016, 16 Leases 16 17 Leases 16 16 January 1, 2019. The Company will adopt this standard on the effective date and select the cumulative catch-up approach resulting in no 16 12 12 As at December 31, 2018, 16. not IFRIC 23 Uncertainty over Income Tax Treatments January 1, 2019. January 1, 2019. not Annual Improvements 2015 2017 December 2017, 3 11 12 23 January 1, 2019 not

Note 3 - Cash and Cash Equivale

Note 3 - Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of cash and cash equivalents [text block]	3. CASH AND CASH EQUIVALENTS The Company’s cash and cash equivalents include cash on hand, bank deposits and term deposits with original maturities of three Interest December 31, December 31, Cash at bank and on hand 0 - 2.53% $ 55,180 $ 30,395 Term deposit (less than 90 days) 2.54 - 2.69% 75,000 130,000 Cash and cash equivalents $ 130,180 $ 160,395 Term deposits classified as ‘cash equivalents’ are comprised of bank term deposits with a term to maturity of less than three

Note 4 - Accounts Receivable

Note 4 - Accounts Receivable	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of trade and other receivables [text block]	4. ACCOUNTS RECEIVABLE December 31, December 31, Goods and services tax ("GST") recoverable $ 22 $ 23 Mexican value added tax ("IVA") recoverable 133 30 Interest receivable 217 107 $ 372 $ 160

Note 5 - Investments

Note 5 - Investments	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of investments other than investments accounted for using equity method [text block]	5. INVESTMENTS The Company holds investments as follows: December 31, December 31, Equity securities (strategically acquired) $ 1,742 $ 2,435 Warrants 39 661 $ 1,781 $ 3,096 During the year ended December 31, 2018, $1,895, nil December 31, 2017: $332 December 31, December 31, Equity securities, beginning of year $ 2,435 $ 550 Additions ( see Note 7 ) 1,202 1,553 Unrealized (loss) gain for the year (1,895 ) 332 Equity securities, end of year $ 1,742 $ 2,435 During the year ended December 31, 2018, $622, December 31, 2017: $342 December 31, December 31, Warrants, beginning of year $ 661 $ 168 Additions – 151 Change in fair value of warrants (622 ) 342 Warrants, end of year $ 39 $ 661

Note 6 - Investments in Associa

Note 6 - Investments in Associate ("Minera Juanicipio S.A. DE C.V.")	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of interests in associates [text block]	6. INVESTMENT IN ASSOCIATE (“MINERA JUANICIPIO S.A. DE C.V.”) The Company acquired a 100% July 16, 2003. July 1, 2005 ( 56% $5,000 four $1,000 two $500 In mid 2007, December 2007, 2008, 56% 56% 44% 11.4% December 31, 2018, December 2007, not The Company has recorded its investment in Minera Juanicipio using the equity basis of accounting. The cost of the investment includes the carrying value of the deferred exploration and mineral and surface rights costs incurred by the Company on the Juanicipio Property and contributed to Minera Juanicipio plus the required net cash investment to establish and maintain its 44% The Company’s investment relating to its interest in the Juanicipio property and Minera Juanicipio is detailed as follows: December 31, December 31, Joint venture oversight expenditures incurred 100% by MAG $ 330 $ 754 Cash contributions to Minera Juanicipio (1) 23,583 18,700 Total for the current year 23,913 19,454 Equity pick up of current income for the year (2) 227 308 Balance, beginning of year 57,074 37,312 Balance, end of year $ 81,214 $ 57,074 ( 1 44% ( 2 44% by the Company. Summary of financial information of Minera Juanicipio (on a 100% December 31, December 31, Cash and cash equivalents $ 16,715 $ 9,639 IVA and other receivables 9,146 3,861 Prepaids – – Total current assets 25,861 13,500 Minerals, surface rights, exploration & development expenditures 161,975 116,117 Total assets $ 187,836 $ 129,617 Payables to Peñoles and other vendors $ 5,736 $ 1,217 Total current liabilities 5,736 1,217 Provision for reclamation and remediation costs 450 393 Deferred income tax liability 6,515 6,962 Total liabilities 12,701 8,572 Shareholders equity 175,135 121,045 Total liabilities and equity $ 187,836 $ 129,617 December 31, December 31, Deferred income tax recovery $ 436 $ 965 Exchange gain (loss) 80 (265 ) Net income $ 516 $ 700 MAG's 44% equity pick up $ 227 $ 308 Evaluation and exploration expenditures and initial development expenditures, capitalized directly by Minera Juanicipio for the year ended December 31, 2018 $45,858 December 31, 2017: $34,192 There are no

Note 7 - Exploration and Evalua

Note 7 - Exploration and Evaluation Assets	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of exploration and evaluation assets [text block]	7. EXPLORATION AND EVALUATION ASSETS (a) In 2017, 100% 100% $425 fourth fifth 2% no December 31, 2018. (b) In late 2018, 100% $150 100% $1,850 10 $30,000 tenth $1,250 2019, 2% To December 31, 2018, Year ended Year ended Exploration and evaluation assets: Acquisition costs of mineral and surface rights $ 150 $ 75 Geochemical 125 103 Camp and site costs 58 95 Geological consulting 1,086 806 Geophysical 93 – Land taxes and government fees 445 196 Legal, community and other consultation costs 109 47 Travel 149 111 Total for the year 2,215 1,433 Balance, beginning of year 1,433 – Balance, end of year $ 3,648 $ 1,433 Included in exploration and evaluation assets at December 31, 2018 $13 December 31, 2017: $13 The Company also holds mineral property concessions to the Cinco de Mayo property in Mexico, upon which a full impairment has been recognized in prior years. As a result, expenditures incurred to maintain these concessions and to potentially restore surface access, are no On June 22, 2018, 5,000,000 $1,202 Note 5 $51.

Note 8 - Share Capital

Note 8 - Share Capital	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of share capital, reserves and other equity interest [text block]	8. SHARE CAPITAL (a) Issued and outstanding The Company is authorized to issue an unlimited number of common shares without par value. As at December 31, 2018, 85,539,476 December 31, 2017: 85,478,790 On November 28, 2017, 4,599,641 $10.47 $48,158. $223 $47,935. During the year ended December 31 2018, no 135,000 58,191 76,809 During the year ended December 31, 2017, 45,400 $283. 225,000 127,845 97,155 During the year ended December 31, 2018, 2,495 During the year ended December 31, 2017, 682 1,018 (b) Stock options The Company may June 15, 2017, may 5% Note 8 not 5% 5 December 31, 2018, 1,734,294 400,000 Stock option grants are recommended for approval to the Board of Directors by the Compensation Committee consisting of three The following table summarizes the Company’s option activity for the year: Weighted Weighted Outstanding, beginning of year 2,269,294 $ 9.50 2,254,172 $ 8.71 Granted – – 285,522 13.91 Exercised for cash – – (45,400 ) 8.19 Exercised cashless (135,000 ) 7.94 (225,000 ) 7.46 Outstanding, end of year 2,134,294 $ 9.59 2,269,294 $ 9.50 Although no December 31, 2018 ( December 31, 2017: 285,522 $1,070 $3.75 2018 $967 The following table summarizes the Company’s stock options outstanding and exercisable as at December 31, 2018: Exercise price Number Number Weighted average remaining (1) 5.35 400,000 400,000 0.25 5.86 380,000 380,000 0.25 9.16 21,666 21,666 1.70 9.28 368,333 368,333 1.93 10.02 187,500 187,500 1.48 10.04 263,500 263,500 0.50 13.91 285,522 95,174 3.93 17.55 227,773 151,849 2.93 C$5.35 - C$17.55 2,134,294 1,868,022 1.47 ( 1 During the year ended December 31, 2018, $904 December 31, 2017: $893 (c) Restricted and performance share units On June 15, 2017, may 1.5% Note 8 not 5% 5 one In the year ended December 31, 2018, no December 31, 2017: nil 2,495 December 31, 2017: 682 December 31, 2018, 43,343 In the year ended December 31, 2018, no December 31, 2017: 88,665 $886 No December 31, 2018 ( December 31, 2017: 1,018 40,946 December 31, 2017: nil $284. As at December 31, 2018, 186,904 29,154 December 31, 2018, 157,750 three 0% nil 200% 315,500 The Company recognized a share-based payment expense of $319 December 31, 2017: $411 (d) Deferred share units On June 15, 2017, may may may 1.0% Although no December 31, 2018 ( December 31, 2017: 66,325 13,109 $770 2018 $116 December 31, 2018 December 31, 2017: $964 Under the DSU plan, no December 31, 2018, 452,739 As at December 31, 2018, 2,417,280 2.83% 2,715,089

Note 9 - Capital Risk Managemen

Note 9 - Capital Risk Management	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of objectives, policies and processes for managing capital [text block]	9. Capital risk management The Company’s objectives in managing its liquidity and capital are to safeguard the Company’s ability to continue as a going concern and to provide financial capacity to meet its strategic objectives. The capital structure of the Company consists of its equity (comprising of share capital, equity reserve, accumulated other comprehensive income and deficit), net of cash, cash equivalents and term deposits. Capital as defined above is summarized in the following table: December 31, December 31, Equity $ 213,881 $ 220,239 Cash and cash equivalents (130,180 ) (160,395 ) $ 83,701 $ 59,844 The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may In order to facilitate the management of its capital requirements, the Company prepares annual expenditure budgets that are updated as necessary depending on various factors, including successful capital deployment and general industry conditions. The annual and updated budgets are approved by the Board of Directors. The Company does not As at December 31, 2018, not not The Company currently has sufficient working capital ( $129,316 December 31, 2018) may Note 14 not may

Note 10 - Financial Risk Manage

Note 10 - Financial Risk Management	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of financial risk management [text block]	10. Financial risk management The Company’s operations consist of the acquisition, exploration and development of projects primarily in the Americas. The Company examines the various financial risks to which it is exposed and assesses the impact and likelihood of occurrence. These risks may (a) Credit risk Counterparty credit risk is the risk that the financial benefits of contracts with a specific counterparty will be lost if a counterparty defaults on its obligations under the contract. This includes any cash amounts owed to the Company by those counterparties, less any amounts owed to the counterparty by the Company where a legal right of set-off exists and also includes the fair values of contracts with individual counterparties which are recorded in the financial statements. (i) Trade credit risk The Company is in the exploration stage and has not not not December 31, 2017. (ii) Cash In order to manage credit and liquidity risk the Company’s policy is to invest only in highly rated investment grade instruments backed by Canadian commercial banks. (iii) Mexican value added tax As at December 31, 2018, $133 Note 4 The Company’s maximum exposure to credit risk is the carrying value of its cash and cash equivalents, and accounts receivable, as follows: December 31, December 31, Cash and cash equivalents $ 130,180 $ 160,395 Accounts receivable ( Note 4 ) 372 160 $ 130,552 $ 160,555 (b) Liquidity risk The Company has a planning and budgeting process in place to help determine the funds required to support the Company's normal operating requirements, its exploration and development plans, and its various optional property and other commitments (see Notes 7 14 The Company's overall liquidity risk has not (c) Currency risk The Company is exposed to the financial risks related to the fluctuation of foreign exchange rates, both in the Mexican peso and Canadian dollar, relative to the US$. The Company does not Exposure to currency risk As at December 31, 2018, December 31, 2018 ( in US$ equivalent ) Mexican peso Canadian dollar Cash $ 31 $ 259 Accounts receivable 133 23 Prepaid 8 – Investments – 1,781 Accounts payable (119 ) (424 ) Net assets exposure $ 53 $ 1,639 Mexican peso relative to the US$ Although the majority of operating expenses in Mexico are both determined and denominated in US$, an appreciation in the Mexican peso relative to the US$ will slightly increase the Company’s cost of operations in Mexico related to those operating costs denominated and determined in Mexican pesos. Alternatively, a depreciation in the Mexican peso relative to the US$ will decrease the Company’s cost of operations in Mexico related to those operating costs denominated and determined in Mexican pesos. An appreciation/depreciation in the Mexican peso against the US$ will also result in a gain/loss to the extent that the Company holds net monetary assets (liabilities) in pesos. Specifically, the Company's foreign currency exposure is comprised of peso denominated cash, prepayments and value added taxes receivable, net of trade and other payables. The carrying amount of the Company’s net peso denominated monetary assets at December 31, 2018 1,038 December 31, 2017: 1,085 10% December 31, 2018 $5 December 31, 2017: $5 10% Mexican peso relative to the US$ - Investment in Associate The Company also conducts a portion of its business through its equity interest in its associate, Minera Juanicipio (see Note 6 44% An appreciation/depreciation in the Mexican peso against the US$ will also result in a gain/loss to the extent that Minera Juanicipio holds net monetary assets (liabilities) in pesos, comprised of peso denominated cash, value added taxes receivable, net of trade and other payables. The carrying amount of Minera Juanicipio’s net peso denominated monetary assets at December 31, 2018 139,630 December 31, 2017: 79,857 10% December 31, 2018 $789 December 31, 2017: $450 44% $347 December 31, 2017: $198 10% C$ relative to the US$ The Company is exposed to gains and losses from fluctuations in the C$ relative to the US$. As general and administrative overheads in Canada are denominated in C$, an appreciation in the C$ relative to the US$ will increase the Company’s overhead costs as reported in US$. Alternatively, a depreciation in the C$ relative to the US$ will decrease the Company’s overhead costs as reported in US$. An appreciation/depreciation in the C$ against the US$ will result in a gain/loss to the extent that MAG, the parent entity, holds net monetary assets (liabilities) in C$. The carrying amount of the Company’s net Canadian denominated monetary assets at December 31, 2018 C$2,235 December 31, 2017: C$6,236 10% December 31, 2018 $164 December 31, 2017: $497 10% (d) Interest rate risk The Company’s interest revenue earned on cash and cash equivalents is exposed to interest rate risk. A decrease in interest rates would result in lower relative interest income and an increase in interest rates would result in higher relative interest income.

Note 11 - Financial Instruments

Note 11 - Financial Instruments and Fair Value Disclosures	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of fair value of financial instruments [text block]	11. FINANCIAL INSTRUMENTS AND FAIR VALUE DISCLOSURES The Company’s financial instruments include cash and cash equivalents, accounts receivable, investments, and trade and other payables. The carrying values of cash and cash equivalents, accounts receivable, and trade and other payables reported in the consolidated statement of financial position approximate their respective fair values due to the relatively short-term nature of these instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy establishes three Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities. Level 2: Observable inputs other than quoted prices in Level 1 not Level 3: Unobservable inputs which are supported by little or no The Company’s financial assets or liabilities as measured in accordance with the fair value hierarchy described above are: Year ended December 31, 2018 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 130,180 $ – $ – $ 130,180 Investments (Note 5) (1) 1,742 39 – 1,781 $ 131,922 $ 39 $ – $ 131,961 Year ended December 31, 2017 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 160,395 $ – $ – $ 160,395 Investments (Note 5) (1) 2,435 661 – 3,096 $ 162,830 $ 661 $ – $ 163,491 ( 1 1 not 2 There were no 1, 2 3 December 31, 2018. December 31, 2017, 2 1 December 2017, 2

Note 12 - Segmented Information

Note 12 - Segmented Information	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	12. SEGMENTED INFORMATION The Company operates primarily in one

Note 13 - Related Party Transac

Note 13 - Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of related party [text block]	13. RELATED PARTY TRANSACTIONS The Company does not During the year, the Company incurred expenses with Cascabel and IMDEX as follows: December 31, December 31, Fees related to Dr. Megaw: Exploration and marketing services $ 424 $ 379 Travel and expenses 75 98 Other fees to Cascabel and IMDEX: Administration for Mexican subsidiaries 72 92 Field exploration services 384 508 $ 955 $ 1,077 All transactions are incurred in the normal course of business, and are negotiated on terms between the parties which are believed to represent fair market value for all services rendered. A portion of the expenditures are incurred on the Company’s behalf, and are charged to the Company on a “cost + 10%” not December 31, 2018 $107 December 31, 2017: $286 Any amounts due to related parties arising from the above transactions are unsecured, non-interest bearing and are due upon receipt of invoices. The Company holds various mineral property claims in Mexico upon which full impairments have been recognized. The Company is obligated to a 2.5% February 26, 2004, 100% The immediate parent and ultimate controlling party of the consolidated group is MAG Silver Corp. (incorporated in British Columbia, Canada). The details of the Company’s significant subsidiaries and ownership interests are as follows: Significant subsidiaries of the Company are as follows: Country of Incorporation Principal MAG's effective interest Name of Incorporation Activity 2018(%) 2017(%) Minera Los Lagartos, S.A. de C.V. Mexico Exploration 100 % 100 % Minera Pozo Seco S.A. de C.V. Mexico Exploration 100 % 100 % Balances and transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not Minera Juanicipio, S.A. de C.V. (“Minera Juanicipio”), created for the purpose of holding and operating the Juanicipio Property, is held 56% 44% 11.4% December 31, 2018, Note 6 During the year, compensation of key management personnel (including directors) was as follows: December 31, December 31, Salaries and other short term employee benefits $ 1,567 $ 1,540 Share based payments (Note 8(b), (c ), and (d)) 1,369 1,409 $ 2,936 $ 2,949 Key management personnel

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of commitments [text block]	14. COMMITMENTS AND CONTINGENCIES The following table discloses the contractual obligations of the Company and its subsidiaries as at December 31, 2018 Less than 1-3 Years 3-5 Years More than Total 2019 2020 - 2021 2022-2023 2024 and over Committed Exploration Expenditures 1,250 1,250 - - - Minera Juanicipio (1) (2) - - - - - Office and other commitments 353 217 136 - - Total Obligations 1,603 1,467 136 - - 1 Although the Company makes cash advances to Minera Juanicipio as cash called by the operator Fresnillo (based on approved Minera Juanicipio budgets), they are not 2 According to the operator, Fresnillo, contractual commitments for processing equipment of $23,100 $69,500 December 31, 2018. The Company also has optional commitments for property option payments and exploration expenditures as outlined above in Exploration and Evaluation Assets no The Company could be subject to various investigations, claims and legal and tax proceedings covering matters that arise in the ordinary course of business activities. Each of these matters would be subject to various uncertainties and it is possible that some matters may may may one not not not

Note 15 - Income Taxes

Note 15 - Income Taxes	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of income tax [text block]	15. INCOME TAXES The income taxes recognized in profit or loss is as follows: December 31, December 31, Deferred tax expense (796 ) (728 ) Total income tax expense $ (796 ) $ (728 ) The provision for income taxes reported differs from the amounts computed by applying statutory Canadian federal and provincial tax rates to the loss before tax provision due to the following: December 31, December 31, Loss for the year before income taxes $ (5,006 ) $ (5,769 ) Statutory tax rate 27 % 26 % Recovery of income taxes computed at statutory rates 1,352 1,500 Share based payments (569 ) (588 ) Mexican inflationary adjustments (1,002 ) (80 ) Differing effective tax rate on loss in foreign jurisdiction 63 93 Impact of change in statutory tax rates – 444 Unrecognized deferred tax assets 1,516 (4,671 ) Impact of foreign exchange and other (2,156 ) 2,574 Total income tax expense $ (796 ) $ (728 ) The approximate tax effect of each item that gives rise to the Company’s unrecognized and recognized deferred tax assets and liabilities as at December 31, 2018 2017 December 31, December 31, Deferred income tax assets Exploration and evaluation assets $ 1,031 $ 1,303 Non-capital losses 1,761 872 Capital losses 551 – Other 4 35 $ 3,347 $ 2,210 Deferred income tax liablities Exploration and evaluation assets $ (27 ) $ – Investment in associate (3,493 ) (3,429 ) Unrealized capital gain on foreign exchange (1,940 ) – Other – (98 ) $ (5,460 ) $ (3,527 ) Net deferred income tax liability $ (2,113 ) $ (1,317 ) The Company's movement of net deferred tax liabilities is described below: December 31, December 31, At January 1 $ (1,317 ) $ (589 ) Deferred income tax (expense) recovery through income statement (796 ) (728 ) At December 31 $ (2,113 ) $ (1,317 ) The Company has the following deductible temporary differences for which no December 31, expiry dates December 31, Non-capital losses $ 70,659 2020-2038 $ 69,925 Exploration and evaluation assets 17,261 no expiry 21,103 Financing fees 1,737 2039 - 2041 3,657 Other 3,135 no expiry 2,977 Total $ 92,792 $ 97,662 At December 31, 2018, $37,717 December 31, 2017: $40,373 2026 2038, $4,081 December 31, 2017: $1,635 may At December 31, 2018, $39,074 December 31, 2017: $32,249 2020 2028, At December 31, 2018, $187 December 31, 2017: $23 not no not

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Discloure of Significant Accounting Policies
Statement of IFRS compliance [text block]	Statement of compliance These consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). IFRS comprises IFRSs, International Accounting Standards (“IASs”), and interpretations issued by the IFRS Interpretations Committee (“IFRICs”) and the former Standing Interpretations Committee (SICs).
Description of initial application of standards or interpretation [text block]	IFRS 2 Share-based payment. June 2016, 2 Share-based Payment January 1, 2018 no IFRS 9 Financial Instruments 9 Financial Instruments 9” January 1, 2018 not 39 Financial Instruments: Recognition and Measurement 39” 9 39. not 39 9, 9 Note 2 IFRS 15 Revenue from Contracts with Customers. May 8, 2014 January 1, 2018. 15 January 1, 2018 no not 15. IFRIC 22 Foreign currency transactions and advance consideration December 2016, 22 January 1, 2018 no These consolidated financial statements have been prepared on a historical cost basis except for the revaluation of certain financial instruments, which are stated at their fair value. These consolidated financial statements were authorized for issuance by the Board of Directors of the Company on March 25, 2019.
Description of accounting policy for the basis of consolidation [text block]	(a) Basis of consolidation These consolidated financial statements include the accounts of the Company and its controlled subsidiaries. Control exists when the Company has power over the investee, is exposed or has rights to variable returns from its involvement with the investee, and has the ability to use its power over the investee to affect the amount of the investor’s returns. Subsidiaries are included in the consolidated financial results of the Company from the effective date that control is obtained up to the effective date of disposal or loss of control. The principal wholly-owned subsidiaries as at December 31, 2018 These financial statements also include the Company’s 44% Note 6 Note 2 Where necessary, adjustments have been made to the financial statements of the Company’s subsidiaries and associates prior to consolidation, to conform the significant accounting policies used in their preparation to those used by the Company.
Description of accounting policy for investment in associates [text block]	(b) Investments in Associates The Company conducts a portion of its business through an equity interest in associates. An associate is an entity over which the Company has significant influence, and is neither a subsidiary nor a joint arrangement, and includes the Company’s 44% not The Company accounts for its investments in associates using the equity method. Under the equity method, the Company’s investment in an associate is initially recognized at cost and subsequently increased or decreased to recognize the Company's share of earnings and losses of the associate and for impairment losses after the initial recognition date. The Company's share of earnings and losses of associates are recognized in profit or loss during the period. Distributions received from an associate are accounted for as a reduction in the carrying amount of the Company’s investment. Impairment At the end of each reporting period, the Company assesses whether there is any evidence that an investment in associate is impaired. The Company has performed an assessment for impairment indicators of its investment in associate as of December 31, 2018 no not not
Description of accounting policy for the accounting estimates [text block]	(c) Significant Estimates The preparation of consolidated financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reported period. Significant estimates used in preparation of these financial statements include estimates of the recoverable amount and any impairment of exploration and evaluation assets and of investment in associates, recovery of receivable balances, estimates of fair value of financial instruments where a quoted market price or secondary market for the instrument does not may may
Description of accounting policy for critical judgements [text block]	(d) Critical judgments The Company makes certain critical judgments in the process of applying the Company’s accounting policies. The following are those judgments that have the most significant effect on the consolidated financial statements: (i) The Company reviews and assesses the carrying amount of exploration and evaluation assets, and its investment in associates for impairment when facts or circumstances suggest that the carrying amount is not Notes 2 2 (ii) In the normal course of operations, the Company may not · The purpose and design of the investee entity. · The ability to exercise power, through substantive rights, over the activities of the investee entity that significantly affect its returns. · The size of the company’s equity ownership and voting rights, including potential voting rights. · The size and dispersion of other voting interests, including the existence of voting blocks. · Other investments in or relationships with the investee entity including, but not · Other relevant and pertinent factors. If the Company determines that it controls an investee entity, it consolidates the investee entity’s financial statements as further described in note 2 2 2 twelve
Description of accounting policy for financial instruments [text block]	(e) Financial instruments The Company adopted all the requirements of IFRS 9 January 1, 2018. Financial assets Financial assets are classified as either financial assets at fair value through profit or loss (“FVTPL”), fair value through other comprehensive income (“FVTOCI”) or amortized cost. The Company determines the classification of financial assets at initial recognition. (i) Financial assets carried at FVTPL are initially recorded at fair value and transaction costs are expensed in profit or loss. Equity instruments that are held for trading and all equity derivative instruments are classified as FVTPL. Equity derivative instruments such as warrants listed on a recognized exchange are valued at the latest available closing price. Warrants not no (ii) Financial assets at FVTOCI Financial assets carried at FVTOCI are initially recorded at fair value plus transaction costs with all subsequent changes in fair value recognized in other comprehensive income (loss). For investments in equity instruments that are not 9. not (iii) Financial assets are classified at amortized cost if the objective of the business model is to hold the financial asset for the collection of contractual cash flows, and the asset’s contractual cash flows are comprised solely of payments of principal and interest. The Company’s accounts receivable are recorded at amortized cost as they meet the required criteria. A provision is recorded based on the expected credit losses for the financial asset and reflects changes in the expected credit losses at each reporting period (see impairment below). Financial liabilities Financial liabilities are initially recorded at fair value and subsequently measured at amortized cost, unless they are required to be measured at FVTPL (such as derivatives) or the Company has elected to measure at FVTPL. The Company’s financial liabilities include trade and other payables which are classified at amortized cost. The Company has completed a detailed assessment of its financial instruments as at January 1, 2018. 39 9: IAS 39 IFRS 9 Cash and cash equivalents FVTPL FVTPL Equity securities Available-for-sale FVTOCI Equity derivative securities (warrants) FVTPL FVTPL Accounts receivable Loans and receivable Amortized cost Trade and other payables Amortized cost Amortized cost The Company has elected to classify investments in equity securities as FVTOCI as they are not The adoption of this standard did not January 1, 2018 Impairment IFRS 9 no
Description of accounting policy for determining components of cash and cash equivalents [text block]	(f) Cash and cash equivalents Cash and cash equivalents include cash on hand, bank deposits, and term deposits with original maturities of three
Description of accounting policy for exploration and evaluation expenditures [text block]	(g) Exploration and evaluation assets With respect to its exploration activities, the Company follows the practice of capitalizing all costs relating to the acquisition, exploration and evaluation of its mining rights and crediting all revenues received against the cost of the related interests. Option payments made by the Company are capitalized until the decision to exercise the option is made. If the option agreement is to exercise a purchase option in an underlying mineral property, the costs are capitalized and accounted for as an exploration and evaluation asset. At such time as commercial production commences, the capitalized costs will be depleted on a units-of-production method based on proven and probable reserves. If a mineable ore body is discovered, exploration and evaluation costs are reclassified to mining properties. If no no Exploration and evaluation expenditures include acquisition costs of rights to explore; topographical, geological, geochemical and geophysical studies; exploratory drilling; trenching and sampling; all costs incurred to obtain permits and other licenses required to conduct such activities, including legal, community, strategic and consulting fees; and activities involved in evaluating the technical feasibility and commercial viability of extracting mineral resources. This includes the costs incurred in determining the most appropriate mining/processing methods and developing feasibility studies. Expenditures incurred prior to the Company obtaining the right to explore are expensed in the period in which they are incurred. When an exploration project has entered into the advanced exploration phase and sufficient evidence of the probability of the existence of economically recoverable minerals has been obtained, pre-operative expenditures relating to mine preparation works are capitalized to mine development costs. Activities that are typically capitalized include costs incurred to build shafts, drifts, ramps and access corridors to enable ore extraction from underground. Impairment Management reviews the carrying amount of exploration and evaluation assets for impairment when facts or circumstances suggest that the carrying amount is not no no may not not
Description of accounting policy for property, plant and equipment [text block]	(h) Equipment Equipment is recorded at cost less accumulated amortization and impairment losses if any, and is amortized at the following annual rates: Computer equipment 30% declining balance Office equipment 30% declining balance When parts of an item of equipment have different useful lives, they are accounted for as separate equipment items (major components) and depreciated over their respective useful lives.
Description of accounting policy for deferred income tax [text block]	(i) Income taxes Deferred income taxes relate to the expected future tax consequences of unused tax losses and unused tax credits and differences between the carrying amount of statement of financial position items and their corresponding tax values. Deferred tax assets, if any, are recognized only to the extent that, in the opinion of management, it is probable that sufficient future taxable profit will be available to recover the asset. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of substantive enactment.
Description of accounting policy for provisions [text block]	(j) Provisions Provisions are liabilities that are uncertain in timing or amount. The Company records a provision when and only when: (i) The Company has a present obligation (legal or constructive) as a result of a past event; (ii) It is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (iii) A reliable estimate can be made of the amount of the obligation. Constructive obligations are obligations that derive from the Company’s actions where: (i) By an established pattern of past practice, published policies or a sufficiently specific current statement, the Company has indicated to other parties that it will accept certain responsibilities; and (ii) As a result, the Company has created a valid expectation on the part of those other parties that it will discharge those responsibilities. Provisions are reviewed at the end of each reporting period and adjusted to reflect management’s current best estimate of the expenditure required to settle the present obligation at the end of the reporting period. If it is no Closure and reclamation The Company records a provision for the present value of the estimated closure obligations, including reclamation costs, when the obligation (legal or constructive) is incurred, with a corresponding increase in the carrying value of the related assets. The carrying value is amortized over the life of the mining asset on a units-of-production basis commencing with initial commercialization of the asset. The liability is accreted to the actual liability on settlement through charges each period to profit or loss. The provision for closure and reclamation is reviewed at the end of each reporting period for changes in estimates and circumstances. There was no December 31, 2018 December 31, 2017. The operating company of the Company’s investment in associate, Minera Juanicipio, S.A. de C.V., recorded a provision for reclamation and remediation costs of $450 December 31, 2018 ( December 31, 2017: $393 Note 6
Description of accounting policy for functional currency [text block]	(k) Functional currency and presentation currency The functional currency of the parent, its subsidiaries, and the investment in associate is the United States dollar (“US$”). Each entity within the Company determines its own functional currency, and the items included in the financial statements of each entity are measured using that functional currency. The functional currency determination involves certain judgments in evaluating the primary economic environment, and the Company reconsiders the functional currencies of each entity if there is a change in the underlying transactions, events and conditions which determine the primary economic environment. The Company’s reporting and presentation currency is the US$.
Description of accounting policy for foreign currency translation [text block]	(l) Foreign currency transactions Transactions incurred in currencies other than the Company’s functional currency (foreign currencies) are recorded at the rates of exchange prevailing at the dates of the transactions. At each statement of financial position date, monetary assets and liabilities are translated using the period end foreign exchange rate. Non-monetary assets and liabilities are translated using the historical rate on the date of the transaction. Non-monetary assets and liabilities that are stated at fair value are translated using the rate on the date that the fair value was determined. All gains and losses on translation of these foreign currency transactions are included in profit or loss.
Description of accounting policy for earnings per share [text block]	(m) Loss per common share Basic loss per share is based on the weighted average number of common shares outstanding during the year. Diluted loss per share is computed using the weighted average number of common and common equivalent shares outstanding during the year. Common equivalent shares consist of the incremental common shares upon the assumed exercise of stock options and warrants, and upon the assumed conversion of deferred share units and units issued under the Company’s share unit plan, to the extent their inclusion is not As at December 31, 2018, 2,817,280 December 31, 2017: 2,995,721 not
Description of accounting policy for share-based payment transactions [text block]	(n) Share based payments The fair value of equity-settled share-based payment awards are estimated as of the date of the grant and recorded as share-based payment expense in the consolidated statements of loss over their vesting periods, with a corresponding increase in equity. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market vesting conditions are expected to be met. Market price performance conditions are included in the fair value estimate on the grant date with no The fair value of stock options is estimated using the Black-Scholes-Merton option valuation model. The fair value of restricted and deferred share units, is based on the fair market value of a common share equivalent on the date of grant. The fair value of performance share units awarded with market price conditions is determined using the Monte Carlo pricing model and the fair value of performance share units with non-market performance conditions is based on the fair market value of a common share equivalent on the date of grant.
Disclosure of expected impact of initial application of new standards or interpretations [text block]	(o) Changes in Accounting Standards The Company has reviewed new accounting pronouncements that have been issued but are not December 31, 2018. IFRS 16 Leases . January 2016, 16 Leases 16 17 Leases 16 16 January 1, 2019. The Company will adopt this standard on the effective date and select the cumulative catch-up approach resulting in no 16 12 12 As at December 31, 2018, 16. not IFRIC 23 Uncertainty over Income Tax Treatments January 1, 2019. January 1, 2019. not Annual Improvements 2015 2017 December 2017, 3 11 12 23 January 1, 2019 not

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of detailed information about property, plant and equipment [text block]	Computer equipment 30% declining balance Office equipment 30% declining balance

Note 3 - Cash and Cash Equiva_2

Note 3 - Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of cash, cash equivalents, and term deposits [text block]	Interest December 31, December 31, Cash at bank and on hand 0 - 2.53% $ 55,180 $ 30,395 Term deposit (less than 90 days) 2.54 - 2.69% 75,000 130,000 Cash and cash equivalents $ 130,180 $ 160,395

Note 4 - Accounts Receivable (T

Note 4 - Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Components of trade and other receivables [text block]	December 31, December 31, Goods and services tax ("GST") recoverable $ 22 $ 23 Mexican value added tax ("IVA") recoverable 133 30 Interest receivable 217 107 $ 372 $ 160

Note 5 - Investments (Tables)

Note 5 - Investments (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of investments not accounted for using equity method	December 31, December 31, Equity securities (strategically acquired) $ 1,742 $ 2,435 Warrants 39 661 $ 1,781 $ 3,096
Disclosure of the available-for-sale movements [text block]	December 31, December 31, Equity securities, beginning of year $ 2,435 $ 550 Additions ( see Note 7 ) 1,202 1,553 Unrealized (loss) gain for the year (1,895 ) 332 Equity securities, end of year $ 1,742 $ 2,435
Disclosure of financial instruments designated at fair value through profit or loss [text block]	December 31, December 31, Warrants, beginning of year $ 661 $ 168 Additions – 151 Change in fair value of warrants (622 ) 342 Warrants, end of year $ 39 $ 661

Note 6 - Investments in Assoc_2

Note 6 - Investments in Associate ("Minera Juanicipio S.A. DE C.V.") (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of carrying amount of investments in associates [text block]	December 31, December 31, Joint venture oversight expenditures incurred 100% by MAG $ 330 $ 754 Cash contributions to Minera Juanicipio (1) 23,583 18,700 Total for the current year 23,913 19,454 Equity pick up of current income for the year (2) 227 308 Balance, beginning of year 57,074 37,312 Balance, end of year $ 81,214 $ 57,074
Disclosure of financial information of investments in associates [text block]	December 31, December 31, Cash and cash equivalents $ 16,715 $ 9,639 IVA and other receivables 9,146 3,861 Prepaids – – Total current assets 25,861 13,500 Minerals, surface rights, exploration & development expenditures 161,975 116,117 Total assets $ 187,836 $ 129,617 Payables to Peñoles and other vendors $ 5,736 $ 1,217 Total current liabilities 5,736 1,217 Provision for reclamation and remediation costs 450 393 Deferred income tax liability 6,515 6,962 Total liabilities 12,701 8,572 Shareholders equity 175,135 121,045 Total liabilities and equity $ 187,836 $ 129,617
Disclosure of associate operations [text block]	December 31, December 31, Deferred income tax recovery $ 436 $ 965 Exchange gain (loss) 80 (265 ) Net income $ 516 $ 700 MAG's 44% equity pick up $ 227 $ 308

Note 7 - Exploration and Eval_2

Note 7 - Exploration and Evaluation Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of the components of exploration and evaluation assets [text block]	Year ended Year ended Exploration and evaluation assets: Acquisition costs of mineral and surface rights $ 150 $ 75 Geochemical 125 103 Camp and site costs 58 95 Geological consulting 1,086 806 Geophysical 93 – Land taxes and government fees 445 196 Legal, community and other consultation costs 109 47 Travel 149 111 Total for the year 2,215 1,433 Balance, beginning of year 1,433 – Balance, end of year $ 3,648 $ 1,433

Note 8 - Share Capital (Tables)

Note 8 - Share Capital (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of share options [text block]	Weighted Weighted Outstanding, beginning of year 2,269,294 $ 9.50 2,254,172 $ 8.71 Granted – – 285,522 13.91 Exercised for cash – – (45,400 ) 8.19 Exercised cashless (135,000 ) 7.94 (225,000 ) 7.46 Outstanding, end of year 2,134,294 $ 9.59 2,269,294 $ 9.50
Disclosure of range of exercise prices of outstanding share options [text block]	Exercise price Number Number Weighted average remaining (1) 5.35 400,000 400,000 0.25 5.86 380,000 380,000 0.25 9.16 21,666 21,666 1.70 9.28 368,333 368,333 1.93 10.02 187,500 187,500 1.48 10.04 263,500 263,500 0.50 13.91 285,522 95,174 3.93 17.55 227,773 151,849 2.93 C$5.35 - C$17.55 2,134,294 1,868,022 1.47

Note 9 - Capital Risk Managem_2

Note 9 - Capital Risk Management (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of capital risk management [text block]	December 31, December 31, Equity $ 213,881 $ 220,239 Cash and cash equivalents (130,180 ) (160,395 ) $ 83,701 $ 59,844

Note 10 - Financial Risk Mana_2

Note 10 - Financial Risk Management (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of credit risk exposure [text block]	December 31, December 31, Cash and cash equivalents $ 130,180 $ 160,395 Accounts receivable ( Note 4 ) 372 160 $ 130,552 $ 160,555
Disclosure of market risk [text block]	December 31, 2018 ( in US$ equivalent ) Mexican peso Canadian dollar Cash $ 31 $ 259 Accounts receivable 133 23 Prepaid 8 – Investments – 1,781 Accounts payable (119 ) (424 ) Net assets exposure $ 53 $ 1,639

Note 11 - Financial Instrumen_2

Note 11 - Financial Instruments and Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of fair value measurement of assets [text block]	Year ended December 31, 2018 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 130,180 $ – $ – $ 130,180 Investments (Note 5) (1) 1,742 39 – 1,781 $ 131,922 $ 39 $ – $ 131,961 Year ended December 31, 2017 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 160,395 $ – $ – $ 160,395 Investments (Note 5) (1) 2,435 661 – 3,096 $ 162,830 $ 661 $ – $ 163,491

Note 13 - Related Party Trans_2

Note 13 - Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of expenses Incurred for related parties [text block]	December 31, December 31, Fees related to Dr. Megaw: Exploration and marketing services $ 424 $ 379 Travel and expenses 75 98 Other fees to Cascabel and IMDEX: Administration for Mexican subsidiaries 72 92 Field exploration services 384 508 $ 955 $ 1,077
Disclosure of subsidiaries [text block]	Country of Incorporation Principal MAG's effective interest Name of Incorporation Activity 2018(%) 2017(%) Minera Los Lagartos, S.A. de C.V. Mexico Exploration 100 % 100 % Minera Pozo Seco S.A. de C.V. Mexico Exploration 100 % 100 %
Disclosure of information about key management personnel [text block]	December 31, December 31, Salaries and other short term employee benefits $ 1,567 $ 1,540 Share based payments (Note 8(b), (c ), and (d)) 1,369 1,409 $ 2,936 $ 2,949

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Disclosure of contractual obligation [text block]	Less than 1-3 Years 3-5 Years More than Total 2019 2020 - 2021 2022-2023 2024 and over Committed Exploration Expenditures 1,250 1,250 - - - Minera Juanicipio (1) (2) - - - - - Office and other commitments 353 217 136 - - Total Obligations 1,603 1,467 136 - -

Note 15 - Income Taxes (Tables)

Note 15 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Description of income taxes recognized in profit or loss [text block]	December 31, December 31, Deferred tax expense (796 ) (728 ) Total income tax expense $ (796 ) $ (728 )
Disclosure of income tax expense recovery differences explanatory [text block]	December 31, December 31, Loss for the year before income taxes $ (5,006 ) $ (5,769 ) Statutory tax rate 27 % 26 % Recovery of income taxes computed at statutory rates 1,352 1,500 Share based payments (569 ) (588 ) Mexican inflationary adjustments (1,002 ) (80 ) Differing effective tax rate on loss in foreign jurisdiction 63 93 Impact of change in statutory tax rates – 444 Unrecognized deferred tax assets 1,516 (4,671 ) Impact of foreign exchange and other (2,156 ) 2,574 Total income tax expense $ (796 ) $ (728 )
Disclosure of temporary difference, unused tax losses and unused tax credits [text block]	December 31, December 31, Deferred income tax assets Exploration and evaluation assets $ 1,031 $ 1,303 Non-capital losses 1,761 872 Capital losses 551 – Other 4 35 $ 3,347 $ 2,210 Deferred income tax liablities Exploration and evaluation assets $ (27 ) $ – Investment in associate (3,493 ) (3,429 ) Unrealized capital gain on foreign exchange (1,940 ) – Other – (98 ) $ (5,460 ) $ (3,527 ) Net deferred income tax liability $ (2,113 ) $ (1,317 )
Disclosure of deferred taxes [text block]	December 31, December 31, At January 1 $ (1,317 ) $ (589 ) Deferred income tax (expense) recovery through income statement (796 ) (728 ) At December 31 $ (2,113 ) $ (1,317 )
Disclosure of deductible temporary differences and unused tax credits for which no deferred tax assets explanatory [text block]	December 31, expiry dates December 31, Non-capital losses $ 70,659 2020-2038 $ 69,925 Exploration and evaluation assets 17,261 no expiry 21,103 Financing fees 1,737 2039 - 2041 3,657 Other 3,135 no expiry 2,977 Total $ 92,792 $ 97,662

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Total provision for decommissioning, restoration and rehabilitation costs	$ 0	$ 0
Common share equivalents [member]
Statement Line Items [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	2,817,280	2,995,721
Minera Juanicipio, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in joint venture	44.00%	44.00%
Total provision for decommissioning, restoration and rehabilitation costs	$ 450	$ 393
Juanicipio Joint Venture [member]
Statement Line Items [Line Items]
Proportion of ownership interest in joint venture	44.00%

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Amortization and Impairment (Details)	Dec. 31, 2018
Computer equipment [member]
Statement Line Items [Line Items]
Amortization Percentage	30.00%
Office equipment [member]
Statement Line Items [Line Items]
Amortization Percentage	30.00%

Note 3 - Cash, Cash Equivalents

Note 3 - Cash, Cash Equivalents - Schedule of Cash, Cash Equivalents and Term Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement Line Items [Line Items]
Cash at bank and on hand	$ 55,180	$ 30,395
Term deposit (less than 90 days)	75,000	130,000
Cash and cash equivalents	$ 130,180	$ 160,395	$ 83,347
Bottom of range [member]
Statement Line Items [Line Items]
Cash at bank and on hand, interest rate	0.00%
Term deposit (less than 90 days)	2.54%
Top of range [member]
Statement Line Items [Line Items]
Cash at bank and on hand, interest rate	2.53%
Term deposit (less than 90 days)	2.69%

Note 4 - Accounts Receivable -

Note 4 - Accounts Receivable - Components of Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Goods and services tax ("GST") recoverable	$ 22	$ 23
Mexican value added tax ("IVA") recoverable	133	30
Interest receivable	217	107
	$ 372	$ 160

Note 5 - Investments (Details T

Note 5 - Investments (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Gains (losses) on remeasuring available-for-sale financial assets, before tax	$ (1,895)	$ 332
Income tax relating to available-for-sale financial assets of other comprehensive income	0
Increase (decrease) in fair value of financial assets designated as measured at fair value through profit or loss related credit derivatives or similar instruments	$ (622)	$ 342

Note 5 - Investments - Investme

Note 5 - Investments - Investments Held (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement Line Items [Line Items]
Equity securities	$ 1,742	$ 2,435
Warrants	39	661	$ 168
Investments	$ 1,781	$ 3,096

Note 5 - Investments - Movement

Note 5 - Investments - Movement in Available-For-Sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Equity securities	$ 2,435
Additions (see Note 7), non-current	1,202	$ 1,553
Unrealized (loss) gain for the year, non-current	(1,895)	332
Equity securities	$ 1,742	2,435
Equity securities, current		$ 550

Note 5 - Investments - Moveme_2

Note 5 - Investments - Movements in Warrants (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Warrants	$ 661	$ 168
Additions, non-current		151
Increase (decrease) in fair value of financial assets designated as measured at fair value through profit or loss related credit derivatives or similar instruments	(622)	342
Warrants	$ 39	$ 661

Note 6 - Investments in Assoc_3

Note 6 - Investments in Associate ("Minera Juanicipio S.A. DE C.V.") (Details Textual) - USD ($)	Nov. 28, 2017	Jul. 01, 2005	Jul. 16, 2003	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2008
Statement Line Items [Line Items]
Proceeds from issuing shares	$ 48,158,000
Juanicipio property [member] | Industrias Penoles, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in associate		56.00%
Expense arising from exploration for and evaluation of mineral resources		$ 5,000,000
Term of exploration and evaluation of mineral resources		4 years
Juanicipio property [member] | Industrias Penoles, S.A. de C.V. [member] | MAG Silver Corporation [member]
Statement Line Items [Line Items]
Issue of equity to associate		$ 1,000,000
Number of tranches to buy common shares from an associate		2
Juanicipio property [member] | Industrias Penoles, S.A. de C.V. [member] | MAG Silver Corporation [member] | Common shares in tranche one [member]
Statement Line Items [Line Items]
Proceeds from issuing shares		$ 500,000
Minera Juanicipio, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in associate				44.00%		44.00%
Expense arising from exploration for and evaluation of mineral resources				$ 45,858,000	$ 34,192,000
Percentage of loss in an associate during the period				44.00%
Joint venture direct operating expenses				$ 0
Minera Juanicipio, S.A. de C.V. [member] | Fresnillo PLC [member]
Statement Line Items [Line Items]
Proportion of ownership interest in associate						56.00%
MAG Silver Corporation [member] | Fresnillo PLC [member]
Statement Line Items [Line Items]
Fresnillo investment in MAG Silver Corp. common shares				11.40%
Juanicipio property [member]
Statement Line Items [Line Items]
Interest in Juanicipio property prior to joint venture agreement			100.00%

Note 6 - Investments in Assoc_4

Note 6 - Investments in Associate ("Minera Juanicipio S.A. DE C.V.") - Investment Relating to Interests in Juancipio Property and Minera Juancipio (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Joint venture oversight expenditures incurred 100% by MAG		$ 330	$ 754
Cash contributions to Minera Juanicipio	[1]	23,583	18,700
Total for the current year		23,913	19,454
Equity pick up of current income (loss) for the year	[2]	227	308
Balance, beginning of year		57,074	37,312
Balance, end of year		$ 81,214	$ 57,074
[1]	Represents the Company's 44% share of Minera Juanicipio cash contributions for the year.
[2]	Represents the Company's 44% share of Minera Juanicipio's income for the year, as determined by the Company.

Note 6 - Investments in Assoc_5

Note 6 - Investments in Associate ("Minera Juanicipio S.A. DE C.V.") - Investment Relating to Interests in Juancipio Property and Minera Juancipio (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Joint Venture Expenditures Incurred Percentage	100.00%	100.00%

Note 6 - Investments in Assoc_6

Note 6 - Investments in Associate ("Minera Juanicipio S.A. DE C.V.") - Associate's Financial Position (Details) - Minera Juanicipio, S.A. de C.V. [member] - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Cash and cash equivalents	$ 16,715	$ 9,639
IVA and other receivables	9,146	3,861
TOTAL CURRENT ASSETS	25,861	13,500
Minerals, surface rights, exploration & development expenditures	161,975	116,117
TOTAL ASSETS	187,836	129,617
Payables to Peñoles and other vendors	5,736	1,217
Total current liabilities	5,736	1,217
Provision for reclamation and remediation costs	450	393
Deferred income tax liability	6,515	6,962
Total liabilities	12,701	8,572
Shareholders equity	175,135	121,045
TOTAL LIABILITIES	$ 187,836	$ 129,617

Note 6 - Investments in Assoc_7

Note 6 - Investments in Associate ("Minera Juanicipio S.A. DE C.V.") - Operations of Associate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
MAG's 44% equity pick up	$ (227)	$ (308)
Minera Juanicipio, S.A. de C.V. [member]
Statement Line Items [Line Items]
Deferred income tax recovery	436	965
Exchange gain (loss)	80	(265)
Net income	516	700
MAG's 44% equity pick up	$ 227	$ 308

Note 6 - Investments in Assoc_8

Note 6 - Investments in Associate ("Minera Juanicipio S.A. DE C.V.") - Operations of Associate (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Minera Juanicipio, S.A. de C.V. [member]
Statement Line Items [Line Items]
Equity pick up	44.00%	44.00%

Note 7 - Exploration and Eval_3

Note 7 - Exploration and Evaluation Assets (Details Textual) - USD ($) $ in Thousands	Jun. 22, 2018	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Trade and payables included in exploration and evaluation assets		$ 13	$ 13
Transaction costs on disposal		$ 51
Defiance Silver Corp [Member]
Statement Line Items [Line Items]
Shares consideration for disposal of noncurrent assets	5,000,000
Fair value of shares consideration for disposal of noncurrent assets	$ 1,202
Transaction costs on disposal	$ 51
Prospective land claim package [member]
Statement Line Items [Line Items]
Percentage of interest acquirable		100.00%	100.00%
Option payments commitment during option period, year two			$ 425
Net Smelter Returns Royalty Percentage		2.00%	2.00%
Option payments to earn right, title and interest to property during option period		$ 150
Option payments commitment during earn-in option agreement period		1,850
Optional exploration expenditure commitment during earn-in option agreement period		$ 30,000
Earn in option agreement period		10 years
Firm exploration expenditure commitment during earn-in option agreement period		$ 1,250
Option payments commitment during option period, year three			$ 425
Option payments commitment during option period, year four			425
Option payments commitment during option period, year five			$ 425

Note 7 - Exploration and Eval_4

Note 7 - Exploration and Evaluation Assets - Components of Exploration and Evaluation Assets (Details) - Prospective land claim package [member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Acquisition costs of mineral and surface rights	$ 150	$ 75
Geochemical	125	103
Camp and site costs	58	95
Geological consulting	1,086	806
Geophysical	93
Land taxes and government fees	445	196
Legal, community and other consultation costs	109	47
Travel	149	111
Total for the year	2,215	1,433
Balance, exploration and evaluation	1,433
Balance, exploration and evaluation	$ 3,648	$ 1,433

Note 8 - Share Capital (Details

Note 8 - Share Capital (Details Textual)	Nov. 28, 2017USD ($)$ / shares	Jun. 15, 2017shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016
Statement Line Items [Line Items]
Number of shares outstanding at end of period | shares			85,539,476	85,478,790
Number of shares issued and fully paid | shares				4,599,641
Shares Issued, Price Per Share | $ / shares	$ 10.47
Proceeds from issuing shares	$ 48,158,000
Share issue related cost	223,000
Net proceeds from issuing shares	$ 47,935,000
Number of share options exercised for cash in share-based payment arrangement			0	45,400
Number of share options exercised in share-based payment arrangement, cashless			135,000	225,000
Shares issued in lieu of exercise of stock options | shares			58,191	127,845
Number of share options cancelled during the period | shares			76,809	97,155
Proceeds from exercise of options				$ 283,000
Stock options issuance limitations, maximum percentage of allowed issuable common shares		5.00%
Number of share options outstanding in share-based payment arrangement at end of period			2,134,294	2,269,294	2,254,172
Number of share options granted in share-based payment arrangement			0	285,522
Weighted average fair value at measurement date, share options granted				$ 1,070,000
Weighted average share price, share options granted				3.75
Designated value of options to be granted in share-based payment arrangement			$ 967,000
Expense from share-based payment transactions with employees and consultants			$ 904,000	$ 893,000
Restricted and performance Units issuance limitations, maximum percentage of allowed issuable common shares				1.50%
Life of restricted share units and performance share units		5 years
Number of common shares issuable from a restricted share unit | shares		1
Number of other equity instruments outstanding in share-based payment arrangement at end of period			43,343
Expense from share-based payment transactions with employees			$ 2,109,000	$ 2,268,000
Deferred Units issuance limitations, maximum percentage of allowed issuable common shares			1.00%
Common shares issuable under share-based compensation arrangements | shares			2,417,280
Percentage of common shares issuable and common shares issued and outstanding			2.83%
Number of share based awards available for grant | shares			2,715,089
Stock options inside of plan [member]
Statement Line Items [Line Items]
Number of share options outstanding in share-based payment arrangement at end of period			1,734,294
Stock options outside of plan [member]
Statement Line Items [Line Items]
Number of share options outstanding in share-based payment arrangement at end of period			400,000
Top of range [member]
Statement Line Items [Line Items]
Option life, share options granted		5
Performance share unit payout, percentage			200.00%
Performance share unit payout, units | shares			315,500
Bottom of range [member]
Statement Line Items [Line Items]
Performance share unit payout, percentage				0.00%
Performance share unit payout, units | shares				0
Restricted share units [member]
Statement Line Items [Line Items]
Number of other equity instruments exercised or vested in share-based payment arrangement			2,495	682
Number of other equity instruments granted in share-based payment arrangement			0	0
Performance share units [member]
Statement Line Items [Line Items]
Number of other equity instruments exercised or vested in share-based payment arrangement			0	1,018
Number of other equity instruments granted in share-based payment arrangement			0	88,665
Number of other equity instruments outstanding in share-based payment arrangement at end of period			186,904
Designated value of other equity instruments to be granted in share-based payment arrangement			$ 886,000
Number of other equity instruments forfeited in share-based payment arrangement			40,946	0
Expense from share-based payment transactions with employees				$ 284,000
Number of other equity instruments vested and convertible in share-based payment arrangement | shares			29,154
Number of other equity instruments outstanding with vesting conditions subject to a market share price performance factor | shares			157,750
Restricted share units and performance share units [member]
Statement Line Items [Line Items]
Expense from share-based payment transactions with employees			$ 319,000	$ 411,000
Deferred share units under the Deferred Share Unit Plan [member]
Statement Line Items [Line Items]
Number of other equity instruments granted in share-based payment arrangement			0	66,325
Deferred share units granted to directors [member]
Statement Line Items [Line Items]
Expense from share-based payment transactions with employees			$ 116,000
Number of instruments other equity instruments granted in lieu of director fees | shares				13,109
Deferred share units [member]
Statement Line Items [Line Items]
Number of other equity instruments outstanding in share-based payment arrangement at end of period			452,739
Expense from share-based payment transactions with employees			$ 770,000	$ 964,000
Number of common shares issued under the deferred share unit plan prior to termination date | shares			0

Note - 8 - Share Capital - Opti

Note - 8 - Share Capital - Option Activity (Details)	12 Months Ended
	Dec. 31, 2018CAD ($)	Dec. 31, 2017CAD ($)
Statement Line Items [Line Items]
Outstanding options, beginning of year	2,269,294	2,254,172
Number of share options granted in share-based payment arrangement	0	285,522
Exercised for cash, options	0	(45,400)
Exercised cashless, options	(135,000)	(225,000)
Outstanding options, end of year	2,134,294	2,269,294
Outstanding weighted average exercise price, beginning of year	$ 9.50	$ 8.71
Granted, weighted average exercise price		13.91
Exercised for cash, weighted average exercise price		8.19
Exercised cashless, weighted average exercise price	7.94	7.46
Outstanding weighted average exercise price, end of year	$ 9.59	$ 9.50

Note - 8 - Share Capital - Stoc

Note - 8 - Share Capital - Stock Options Outstanding and Exercisable (Details)		Dec. 31, 2018CAD ($)	Dec. 31, 2017	Dec. 31, 2016
Statement Line Items [Line Items]
Number outstanding		2,134,294	2,269,294	2,254,172
Range one [member]
Statement Line Items [Line Items]
Exercise price	[1]	$ 5.35
Number outstanding	[1]	400,000
Number exercisable	[1]	400,000
Weighted average remaining contractual life	[1]	0.25
Range two [member]
Statement Line Items [Line Items]
Exercise price		$ 5.86
Number outstanding		380,000
Number exercisable		380,000
Weighted average remaining contractual life		0.25
Range three [member]
Statement Line Items [Line Items]
Exercise price		$ 9.16
Number outstanding		21,666
Number exercisable		21,666
Weighted average remaining contractual life		1.7
Range four [member]
Statement Line Items [Line Items]
Exercise price		$ 9.28
Number outstanding		368,333
Number exercisable		368,333
Weighted average remaining contractual life		1.93
Range five [member]
Statement Line Items [Line Items]
Exercise price	[1]	$ 10.02
Number outstanding	[1]	187,500
Number exercisable	[1]	187,500
Weighted average remaining contractual life	[1]	1.48
Range six [member]
Statement Line Items [Line Items]
Exercise price		$ 10.04
Number outstanding		263,500
Number exercisable		263,500
Weighted average remaining contractual life		0.5
Range seven [member]
Statement Line Items [Line Items]
Exercise price		$ 13.91
Number outstanding		285,522
Number exercisable		95,174
Weighted average remaining contractual life		3.93
Range eight [member]
Statement Line Items [Line Items]
Exercise price		$ 17.55
Number outstanding		227,773
Number exercisable		151,849
Weighted average remaining contractual life		2.93
Range nine [member]
Statement Line Items [Line Items]
Number outstanding		2,134,294
Number exercisable		1,868,022
Weighted average remaining contractual life		1.47
Range nine [member] | Bottom of range [member]
Statement Line Items [Line Items]
Exercise price		$ 5.35
Range nine [member] | Top of range [member]
Statement Line Items [Line Items]
Exercise price		$ 17.55
[1]	Inducement options issued outside the Company's Plan as an incentive to attract senior officers for employment.

Note 9 - Capital Risk Managem_3

Note 9 - Capital Risk Management (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Statement Line Items [Line Items]
Dividends paid, ordinary shares	$ 0
Total non-current liabilities	0
Working capital	$ 129,316

Note 9 - Capital Risk Managem_4

Note 9 - Capital Risk Management - Capital Component (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement Line Items [Line Items]
Equity	$ 213,881	$ 220,239	$ 175,918
Cash and cash equivalents	(130,180)	(160,395)	$ (83,347)
	$ 83,701	$ 59,844

Note 10 - Financial Risk Mana_3

Note 10 - Financial Risk Management (Details Textual) $ in Thousands, $ in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2018CAD ($)	Dec. 31, 2018MXN ($)	Dec. 31, 2017CAD ($)	Dec. 31, 2017MXN ($)
Statement Line Items [Line Items]
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method	[1]	$ 227	$ 308
Minera Juanicipio [member]
Statement Line Items [Line Items]
Net assets liabilities denominated in foreign currencies			79,857		$ 139,630
Percentage change in foreign exchange rates		10.00%		10.00%	10.00%
Impact on earnings excluding currency exposure related taxes		$ 789	450
Proportion of ownership interest in associate		44.00%
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method		$ 347	198
MEXICO
Statement Line Items [Line Items]
Value added tax receivables		$ 133
Net assets liabilities denominated in foreign currencies					$ 1,038		$ 1,085
Percentage change in foreign exchange rates		10.00%		10.00%	10.00%
Impact on earnings excluding currency exposure related taxes		$ 5	5
Country of domicile [member]
Statement Line Items [Line Items]
Net assets liabilities denominated in foreign currencies				$ 2,235		$ 6,236
Impact on earnings excluding currency exposure related taxes		$ 164	$ 497
[1]	Represents the Company's 44% share of Minera Juanicipio's income for the year, as determined by the Company.

Note 10 - Financial Risk Mana_4

Note 10 - Financial Risk Management - Maximum Exposure to Credit Risk to the Carrying Value of Cash, Term Deposits, and Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement Line Items [Line Items]
Cash and cash equivalents	$ 130,180	$ 160,395	$ 83,347
Accounts receivable (Note 4)	372	160
	$ 130,552	$ 160,555

Note 10 - Financial Risk Mana_5

Note 10 - Financial Risk Management - Currency Risk (Details) $ in Thousands	Dec. 31, 2018USD ($)
MEXICO
Statement Line Items [Line Items]
Cash	$ 31
Accounts receivable	133
Prepaid	8
Investments
Accounts payable	(119)
Net assets exposure	53
Country of domicile [member]
Statement Line Items [Line Items]
Cash	259
Accounts receivable	23
Prepaid
Investments	1,781
Accounts payable	(424)
Net assets exposure	$ 1,639

Note 11 - Financial Instrumen_3

Note 11 - Financial Instruments and Fair Value Disclosures - Financial Assets or Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets		$ 131,922	$ 162,830
Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets		39	661
Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets		131,961	163,491
Cash and cash equivalents [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets		130,180	160,395
Cash and cash equivalents [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets
Cash and cash equivalents [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets		130,180	160,395
Investments [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets	[1]	1,742	2,435
Investments [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets	[1]	39	661
Investments [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Financial assets	[1]	$ 1,781	$ 3,096
[1]	The fair value of equity securities quoted in active markets, is determined based on a market approach reflecting the closing price of each particular security as at the statement of financial position date. The closing price is a quoted market price obtained from the exchange that is the principal active market for the particular security, and therefore equity securities are classified within Level 1 of the fair value hierarchy. The fair values of equity securities and warrants that are not quoted in active markets are valued based on quoted prices of similar instruments in active markets or using valuation techniques where all inputs are directly or indirectly observable from market data and are classified within Level 2 of the fair value hierarchy.

Note 12 - Segmented Informati_2

Note 12 - Segmented Information (Details Textual)	12 Months Ended
	Dec. 31, 2018
Statement Line Items [Line Items]
Number of operating segments	1

Note 13 - Related Party Trans_3

Note 13 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands	Feb. 26, 2004	Dec. 31, 2018	Dec. 31, 2017
Minera Juanicipio, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in joint venture		44.00%
Fresnillo PLC [member] | Minera Juanicipio, S.A. de C.V. [member]
Statement Line Items [Line Items]
Proportion of ownership interest in joint venture		56.00%
Fresnillo PLC [member] | MAG Silver Corporation [member]
Statement Line Items [Line Items]
Fresnillo investment in MAG Silver Corp. common shares		11.40%
Cascabel and IMDEX [member]
Statement Line Items [Line Items]
Amounts payable, related party transactions		$ 107	$ 286
Cascabel [member] | Cinco de Mayo property [member]
Statement Line Items [Line Items]
Net Smelter Returns Royalty Percentage	2.50%
Percentage interest in acquisition of mineral property	100.00%

Note 13 - Related Party Trans_4

Note 13 - Related Party Transactions - Incurred Expenses With Cascabel and IMDEX (Details) - Cascabel and IMDEX [member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Exploration and marketing services	$ 424	$ 379
Travel and expenses	75	98
Administration for Mexican subsidiaries	72	92
Field exploration services	384	508
	$ 955	$ 1,077

Note 13 - Related Party Trans_5

Note 13 - Related Party Transactions - Subsidiary Ownership (Details) - MEXICO	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Minera Los Lagartos, S.A. de C.V. [member]
Statement Line Items [Line Items]
MAG's effective interest	100.00%	100.00%
Minera Pozo Seco S.A. de C.V. [member]
Statement Line Items [Line Items]
MAG's effective interest	100.00%	100.00%

Note 13 - Related Party Trans_6

Note 13 - Related Party Transactions - Compensation of Key Management Personnel (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Salaries and other short term employee benefits	$ 1,567	$ 1,540
Share based payments (Note 8(b), (c ), and (d))	1,369	1,409
	$ 2,936	$ 2,949

Note 14 - Commitments and Con_3

Note 14 - Commitments and Contingencies (Details Textual)	Dec. 31, 2018USD ($)
Contractual commitments for equipment [member]
Statement Line Items [Line Items]
Disclosure of capital commitments in relation to investment in associates	$ 23,100
Development contracts [member]
Statement Line Items [Line Items]
Disclosure of capital commitments in relation to investment in associates	$ 69,500

Note 14 - Commitments and Con_4

Note 14 - Commitments and Contingencies - Contractual Obligations and Commitments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Statement Line Items [Line Items]
Office and other commitments	$ 353
Total Obligations	1,603
Not later than one year [member]
Statement Line Items [Line Items]
Office and other commitments	217
Total Obligations	1,467
Later than one year and not later than three years [member]
Statement Line Items [Line Items]
Office and other commitments	136
Total Obligations	136
Later than three years and not later than five years [member]
Statement Line Items [Line Items]
Office and other commitments
Total Obligations
Later than five years [member]
Statement Line Items [Line Items]
Office and other commitments
Total Obligations
Committed exploration expenditures [member]
Statement Line Items [Line Items]
Contractual capital commitments	1,250
Committed exploration expenditures [member] | Not later than one year [member]
Statement Line Items [Line Items]
Contractual capital commitments	1,250
Committed exploration expenditures [member] | Later than one year and not later than three years [member]
Statement Line Items [Line Items]
Contractual capital commitments
Committed exploration expenditures [member] | Later than three years and not later than five years [member]
Statement Line Items [Line Items]
Contractual capital commitments
Committed exploration expenditures [member] | Later than five years [member]
Statement Line Items [Line Items]
Contractual capital commitments
Minera Juanicipio [member]
Statement Line Items [Line Items]
Contractual capital commitments		[1],[2]
Minera Juanicipio [member] | Not later than one year [member]
Statement Line Items [Line Items]
Contractual capital commitments		[1],[2]
Minera Juanicipio [member] | Later than one year and not later than three years [member]
Statement Line Items [Line Items]
Contractual capital commitments		[1],[2]
Minera Juanicipio [member] | Later than three years and not later than five years [member]
Statement Line Items [Line Items]
Contractual capital commitments		[1],[2]
Minera Juanicipio [member] | Later than five years [member]
Statement Line Items [Line Items]
Contractual capital commitments		[1],[2]
[1]	Although the Company makes cash advances to Minera Juanicipio as cash called by the operator Fresnillo (based on approved Minera Juanicipio budgets), they are not contractual obligations. The Company intends, however, to continue to fund its share of cash calls and avoid dilution of its ownership interest in Minera Juanicipio.
[2]	Fresnillo, the operator, has advised the Company that Minera Juanicipio has made contractual commitments for equipment of $23,500 and for development contracts of $115,100 with respect to the Juanicipio Project.

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised	$ 92,792	$ 97,662
Country of domicile [member]
Statement Line Items [Line Items]
Cash and cash equivalents held by subsidiaries	187	23
Current tax liabilities	0
Country of domicile [member] | Non-capital loss carry forwards [member]
Statement Line Items [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised	37,717	40,373
Country of domicile [member] | Capital loss carry forwards [member]
Statement Line Items [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised	4,081	1,635
MEXICO
Statement Line Items [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 39,074	$ 32,249

Note 15 - Income Taxes - Income

Note 15 - Income Taxes - Income Taxes Recognized in Profit or Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Deferred tax expense	$ (796)	$ (728)
Total income tax expense	$ (796)	$ (728)

Note 15 - Income Taxes - Provis

Note 15 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Loss for the year before income taxes	$ (5,006)	$ (5,769)
Statutory tax rate	27.00%	26.00%
Recovery of income taxes computed at statutory rates	$ 1,352	$ 1,500
Share based payments	(569)	(588)
Mexican inflationary adjustments	(1,002)	(80)
Differing effective tax rate on loss in foreign jurisdiction	63	93
Impact of change in statutory tax rates		444
Unrecognized deferred tax assets	1,516	(4,671)
Impact of foreign exchange and other	(2,156)	2,574
Total income tax expense	$ (796)	$ (728)

Note 15 - Income Taxes - Deferr

Note 15 - Income Taxes - Deferred Tax Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement Line Items [Line Items]
Exploration and evaluation assets	$ 1,031	$ 1,303
Non-capital losses	1,761	872
Capital losses	551
Other	4	35
	3,347	2,210
Exploration and evaluation assets	(27)
Investment in associate	(3,493)	(3,429)
Unrealized capital gain on foreign exchange	(1,940)
Other		(98)
	(5,460)	(3,527)
Net deferred income tax liability	$ (2,113)	$ (1,317)	$ (589)

Note 15 - Income Taxes - Moveme

Note 15 - Income Taxes - Movement of Net Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Balance	$ (1,317)	$ (589)
Deferred income tax (expense) recovery through income statement	(796)	(728)
Balance	$ (2,113)	$ (1,317)

Note 15 - Income Taxes - Deduct

Note 15 - Income Taxes - Deductible Temporary Differences (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Statement Line Items [Line Items]
Deductible temporary differences for which no deferred tax assets have been recognized	$ 92,792	$ 97,662
Non-capital losses [member]
Statement Line Items [Line Items]
Deductible temporary differences for which no deferred tax assets have been recognized	70,659	69,925
Excess of tax value of exploration and evaluation assets over book values [member]
Statement Line Items [Line Items]
Deductible temporary differences for which no deferred tax assets have been recognized	17,261	21,103
Financing fees [member]
Statement Line Items [Line Items]
Deductible temporary differences for which no deferred tax assets have been recognized	1,737	3,657
Other deductible temporary differences for which no deferred tax assets have been recognized [member]
Statement Line Items [Line Items]
Deductible temporary differences for which no deferred tax assets have been recognized	$ 3,135	$ 2,977