Excellon Resources (EXNRF) 6-K 16 May 22 Current report (foreign) Financial data

Cover

Cover	3 Months Ended
	Mar. 31, 2022
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-39491
Entity Registrant Name	EXCELLON RESOURCES INC.
Entity Central Index Key	0001263011
Entity Address, Address Line One	10 KING STREET EAST
Entity Address, Address Line Two	SUITE 200
Entity Address, City or Town	TORONTO
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5C 1C3

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Position (Unaudited) $ in Thousands, $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Current assets
Cash and cash equivalents	$ 3,350	$ 4,071
Marketable securities and warrants	173	454
Trade receivables	480	326
VAT recoverable	3,065	3,439
Inventories	1,920	2,087
Other current assets	1,630	1,866
Total current assets	10,618	12,243
Non-current assets
Property, plant and equipment	7,380	9,044
Mineral rights	20,138	20,273
Total assets	38,136	41,560
Current liabilities
Trade and other payables	5,978	8,143
VAT payable	1,527	1,839
Lease liabilities	184	212
Provision for litigation	22,193	22,162
Provisions	2,039	1,795
Total current liabilities	31,921	34,151
Non-current liabilities
Convertible debentures	10,299	9,238
Provisions	1,898	1,813
Deferred tax liabilities	559	612
Lease liabilities	194	233
Total liabilities	44,871	46,047
Shareholders’ (deficit) equity
Share capital	139,073	138,961
Contributed surplus	34,644	34,568
Accumulated other comprehensive loss	(16,587)	(15,851)
Deficit	(163,865)	(162,165)
Total shareholders’ (deficit) equity	(6,735)	(4,487)
Total liabilities and equity	$ 38,136	$ 41,560

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Profit or loss [abstract]
Revenue	$ 8,496	$ 9,781
Production costs	(5,635)	(6,153)
Depletion and amortization	(2,278)	(1,790)
Cost of sales	(7,913)	(7,943)
Gross profit	583	1,838
Administrative expenses	(1,025)	(1,443)
Share-based payment expenses	(188)	(765)
Amortization	(98)	(134)
General and administrative expenses	(1,311)	(2,342)
Exploration and holding expenses	(1,116)	(1,073)
Other income (expenses)	992	(651)
Finance expenses	(915)	(725)
Loss before income taxes	(1,767)	(2,953)
Income tax recovery	67	31
Net loss	(1,700)	(2,922)
Items that may be reclassified subsequently to profit and loss:
Foreign currency translation differences	(736)	(973)
Total other comprehensive loss	(736)	(973)
Total comprehensive loss	$ (2,436)	$ (3,895)
Loss per share
Basic and diluted	$ (0.05)	$ (0.09)
Weighted average number of shares
Basic and diluted	33,794,264	32,371,125

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net loss for the period	$ (1,700)	$ (2,922)
Adjustments for non-cash items:
Depletion and amortization	2,376	1,902
Income tax recovery	(67)	(31)
Share-based payment expenses	188	765
Interest and accretion expense	1,071	739
Unrealized loss on currency hedges		21
Fair value loss on marketable securities and purchase warrants	60	543
Taxes paid	(17)	(98)
Operating cash flows before changes in working capital	1,911	919
Changes in non-cash working capital
Trade receivables	(165)	528
VAT recoverable	459	592
Inventories	222	(597)
Other assets	282	(170)
Trade and other payables	(1,859)	(1,890)
VAT payable	(358)	(207)
Net cash generated by (used in) operating activities	492	(825)
Investing activities
Proceeds from sale of marketable securities	228
Purchase of property, plant and equipment	(910)	(884)
Purchase of mineral rights		(75)
Payments received under earn-in agreement	100	75
Net cash used in investing activities	(582)	(884)
Financing activities
Proceeds from options and warrants exercised		18
Lease payments	(77)	(123)
Interest paid	(25)	(15)
Net cash used in financing activities	(102)	(120)
Effect of exchange rate changes on cash and cash equivalents	(529)	(50)
Change in cash and cash equivalents	(721)	(1,879)
Cash and cash equivalents - beginning of the period	4,071	8,380
Cash and cash equivalents - end of the period	$ 3,350	$ 6,501

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Issued capital [member]	Revaluation surplus [member]	Accumulated other comprehensive income [member]	Retained earnings [member]	Total
Balance - January 1, 2022 at Dec. 31, 2020	$ 136,199	$ 34,015	$ (15,380)	$ (104,392)	$ 50,442
IfrsStatementLineItems [Line Items]
Net loss for the period				(2,922)	(2,922)
Total other comprehensive loss			(973)		(973)
Total comprehensive loss			(973)	(2,922)	(3,895)
Value of services recognized		203			203
Proceeds on issuing shares	27	(9)			18
Shares issued on exercise of RSUs and DSUs	137	(137)
Value of units recognized		562			562
Balance - March 31, 2022 at Mar. 31, 2021	136,363	34,634	(16,353)	(107,314)	47,330
Balance - January 1, 2022 at Dec. 31, 2021	138,961	34,568	(15,851)	(162,165)	(4,487)
IfrsStatementLineItems [Line Items]
Net loss for the period				(1,700)	(1,700)
Total other comprehensive loss			(736)		(736)
Total comprehensive loss			(736)	(1,700)	(2,436)
Value of services recognized		38			38
Shares issued on exercise of RSUs and DSUs	112	(112)
Value of units recognized		150			150
Balance - March 31, 2022 at Mar. 31, 2022	$ 139,073	$ 34,644	$ (16,587)	$ (163,865)	$ (6,735)

GENERAL INFORMATION

GENERAL INFORMATION	3 Months Ended
	Mar. 31, 2022
General Information
GENERAL INFORMATION	1. GENERAL INFORMATION Excellon Resources Inc. (the “Company” or “Excellon”) is a silver mining and exploration company listed on the Toronto Stock Exchange (the “TSX”), NYSE American LLC Exchange (the “NYSE American”) under the symbol EXN and the Frankfurt Stock Exchange under the symbol E4X2. Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of employees, communities and shareholders. The Company is advancing a precious metals growth pipeline that includes: Platosa, a high-grade silver mine producing in Mexico since 2005; Kilgore, an advanced gold exploration project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The Company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Excellon is domiciled in Canada and incorporated under the laws of the province of Ontario. The address of its registered office is 10 King Street East, Suite 200, Toronto, Ontario, M5C 1C3, Canada. These consolidated financial statements were approved by the Board of Directors on May 13, 2022.

BASIS OF PRESENTATION AND GOING

BASIS OF PRESENTATION AND GOING CONCERN	3 Months Ended
	Mar. 31, 2022
BASIS OF PRESENTATION AND GOING CONCERN	2. BASIS OF PRESENTATION AND GOING CONCERN a) Statement of compliance and going concern The Company prepares its condensed consolidated financial statements in accordance with International Accounting Standard 34, Interim Financial Reporting On January 5, 2022, the Company announced that it was assessing the economic viability of mining at Platosa at achievable dewatering rates and with acceptable capital expenditures, beyond mid-2022. The mineral resources remaining beyond mid-2022 steepen significantly, with fewer vertical-tonnes-per-metre than historically encountered. Underground and surface drilling continued throughout Q1 2022; however, based on the recent drilling results and consideration of current and expected economic factors, the Company expects to wind down operations at Platosa during Q3 2022. In addition, the Company has incurred losses from operations, has a shareholders’ deficit of $ 6,735 , and negative working capital of $ 21,303 (including the Provision for litigation of $ 22,193 (Note 9)) as of March 31, 2022. Operating cash flows from the Platosa mine are projected to cease after the wind down of its operations in Q3 2022 and therefore the Company must utilize its current cash reserves, and other financing transactions to maintain its working capital requirements and planned corporate expenditures, as well as to fund exploration activities. As indicated in Note 9, the Company is also party to a legal claim (the “Judgment”) against San Pedro Resources SA de CV (“San Pedro”). The Judgment is solely against San Pedro as defendant and the Company believes that the Plaintiff has no recourse against the Company’s other assets in Mexico (including Platosa), Idaho, Saxony or Canada. San Pedro continues to operate in the ordinary course and there is currently no impact to the operation of the Company’s business. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data) The Company’s assets in Mexico, including those held in San Pedro, are security for the Debentures (Note 7). The Company does not consider the Judgment and actions taken by the Plaintiff to date in connection with enforcing the Judgment to constitute an event of default or default under the trust indenture governing the outstanding Debentures (the “Indenture”). An event of default under the Indenture, if not cured or waived, could result in the acceleration of all the Company’s debt under the Debentures and could materially and adversely affect the Company’s future operations, cash flows, earnings, results of operations, financial condition and the economic viability of its projects. On March 7, 2022 the Company reported that the Sindicato Nacional Minero Metalúrgico (the “Platosa Union”) commenced a labour action at the Platosa Mine in Durango, Mexico. On April 1, 2022 the labour action was resolved. The Company is considering various financing, corporate development opportunities and strategic alternatives that may include acquisitions, divestitures, mergers or spin-offs of the Company’s or third parties’ assets, as applicable. These conditions indicate the existence of material uncertainties that cast substantial doubt on the Company’s ability to realize its assets and discharge its liabilities in the normal course of business and, accordingly, the appropriateness of the use of accounting principles applicable to a going concern. The Company’s ability to continue as a going concern is dependent on its ability to repay or refinance its non-current Debentures, obtain the necessary financing to advance its exploration projects and meet its ongoing corporate overhead costs. Although the Company has been successful in obtaining debt or equity financing in the past, there is no assurance that it will be able to do so in the future or that such arrangements will be on terms advantageous to the Company. These condensed consolidated financial statements are prepared on a going concern basis which assumes that the Company will continue for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. Accordingly, these condensed consolidated financial statements do not include adjustments to the recoverability and classification of recorded asset and liabilities and related expenses that might be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and liquidate its liabilities in other than the normal course of business at amounts different from those in the accompanying condensed consolidated financial statements. Such adjustments could be material. b) Summary of significant accounting policies, judgments, and estimates These condensed consolidated financial statements have been prepared using the same accounting policies, methods of computation, judgments and estimates as the annual consolidated financial statements of the Company as at and for the year ended December 31, 2021. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2022
INVENTORIES	3. INVENTORIES SCHEDULE OF INVENTORIES March 31 December 31 2022 2021 $ $ Ore stockpiles (1) 663 587 Concentrate inventory (1) - 250 Materials and supplies 1,257 1,250 1,920 2,087 (1) Change in inventories recorded in cost of sales (Note 11.a) excludes currency translation adjustment of 19 43 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2022
PROPERTY, PLANT AND EQUIPMENT	4. PROPERTY, PLANT AND EQUIPMENT SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT 1 2 3 4 5 6 Assets Corporate Mining Mining Processing under and right properties equipment equipment construction of use assets Total $ $ $ $ $ $ At January 1, 2021 Cost 36,400 21,272 6,075 522 1,944 66,213 Accumulated amortization (21,930 ) (12,552 ) (5,079 ) - (822 ) (40,383 ) Opening net book value 14,470 8,720 996 522 1,122 25,830 Year ended December 31, 2021 Opening net book value 14,470 8,720 996 522 1,122 25,830 Additions 4,441 516 263 2,711 30 7,961 Reclassification 2,131 875 196 (3,202 ) - - Impairment (2) (10,471 ) (4,715 ) (738 ) - (231 ) (16,155 ) Depletion and amortization (4,532 ) (2,373 ) (275 ) - (348 ) (7,528 ) Exchange differences (1) (666 ) (333 ) (17 ) (31 ) (17 ) (1,064 ) Closing net book value 5,373 2,690 425 - 556 9,044 At December 31, 2021 Cost 41,962 21,995 6,367 - 1,935 72,259 Accumulated amortization and impairment (36,589 ) (19,305 ) (5,942 ) - (1,379 ) (63,215 ) Closing net book value 5,373 2,690 425 - 556 9,044 Period ended March 31, 2022 Opening net book value 5,373 2,690 425 - 556 9,044 Additions 380 6 45 - - 431 Reclassification - (630 ) 744 - (114 ) - Depletion and amortization (1,626 ) (128 ) (503 ) - (54 ) (2,311 ) Exchange differences (1) 127 56 22 - 11 216 Closing net book value 4,254 1,994 733 - 399 7,380 At March 31, 2022 Cost 43,554 21,192 8,879 - 1,161 74,786 Accumulated amortization and impairment (39,300 ) (19,198 ) (8,146 ) - (762 ) (67,406 ) Closing net book value 4,254 1,994 733 - 399 7,380 (1) Unrealized foreign exchange losses on translation of Mexican peso assets at the period-end exchange rate. (2) On January 5, 2022, the Company announced that it was assessing the economic viability of mining at Platosa at achievable dewatering rates and with acceptable capital expenditures, beyond mid-2022. The mineral resources remaining beyond mid-2022 steepen significantly, with fewer vertical-tonnes-per-metre than historically encountered. Based on the recent drilling results and consideration of current and expected economic factors, the Company expects to wind down operations at Platosa during Q3 2022. At December 31, 2021 and considering results from exploration and drilling assessments in Q4 2021 and Q1 2022, the Company performed an impairment test on the Platosa Mine CGU and Miguel Auza processing facility CGU. The recoverable amounts were calculated using the value-in-use method and estimated based on future cash flows. Key assumptions included future commodity prices, production based on current estimates of recoverable resources, and operating costs. In addition, the estimated residual value of Platosa’s property, plant and equipment required significant judgement. No discount rate was applied given the short-term nature of the cash flows. The estimated recoverable amount for the Platosa CGU and Miguel Auza CGU was $ 7,264 1,338 15,403 14,293 1,110 10 2,133 10 292 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data) In Q3 2021, the Company had recorded an impairment loss of $ 752 on the Miguel Auza CGU reflecting the impact of the Judgment against San Pedro (refer to Note 9).

MINERAL RIGHTS

MINERAL RIGHTS	3 Months Ended
	Mar. 31, 2022
Mineral Rights
MINERAL RIGHTS	5. MINERAL RIGHTS SCHEDULE OF MINERAL RIGHTS 1 3 ( 5 Platosa Silver City Kilgore Oakley (Mexico) (Germany) (1) (Idaho) (Idaho) (2) Total $ $ $ $ $ At January 1, 2021 Cost 3,721 587 13,756 5,364 23,428 Accumulated amortization (2,917 ) - - - (2,917 ) Opening net book value 804 587 13,756 5,364 20,511 Year ended December 31, 2021 Opening net book value 804 587 13,756 5,364 20,511 Additions - 459 - - 459 Payments received under earn-in agreement - - - (75 ) (75 ) Depletion and amortization (219 ) - - - (219 ) Impairment (3) (385 ) - - - (385 ) Exchange differences (7 ) (11 ) - - (18 ) Closing net book value 193 1,035 13,756 5,289 20,273 At December 31, 2021 Cost 3,665 1,035 13,756 5,289 23,745 Accumulated amortization (3,472 ) - - - (3,472 ) Closing net book value 193 1,035 13,756 5,289 20,273 Period ended March 31, 2022 Opening net book value 193 1,035 13,756 5,289 20,273 Payments received under earn-in agreement - - - (100 ) (100 ) Depletion and amortization (65 ) - - - (65 ) Exchange differences (1 ) 31 - - 30 Closing net book value 127 1,066 13,756 5,189 20,138 At March 31, 2022 Cost 3,764 1,066 13,756 5,189 23,775 Accumulated amortization (3,637 ) - - - (3,637 ) Closing net book value 127 1,066 13,756 5,189 20,138 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data) (1) On September 24, 2019 the Company signed an option agreement (the “Globex Agreement”) with Globex Mining Enterprises Inc. (“Globex”) to acquire a 100 500 1,600 3 2.5 reduced by 1% upon a payment of $1,500. Additional one-time payments of C$300 and C$700 will be made by the Company following any future announcement of a maiden resource on the property and upon achievement of commercial production from the project, respectively. Option payment date Number of shares issued Contractual value of shares issued Cash payment made Total – addition to mineral rights September 24, 2019 45,367 C$ 225 C$ 100 $ 245 September 21, 2020 65,657 C$ 325 C$ 100 $ 317 September 22, 2021 232,240 C$ 425 C$ 100 $ 384 The Company has the option to issue shares to the value of C$ 625 200 (2) On April 22, 2020, the Company acquired 100% ownership of the Oakley Project in Cassia County, Idaho as part of the Otis acquisition. On February 26, 2020, Otis entered into a definitive option agreement with Centerra Gold Inc. (“Centerra”) whereby Centerra can earn up to a 70% interest in the Oakley Project in exchange for total exploration expenditures of $ 7,500 550 In Q1 2021, the Company received a payment of $ 75 100 (3) Refer to Note 4 – mineral rights related to the Platosa Mine were included in the Platosa CGU tested for impairment at December 31, 2021. An impairment of $ 385 was recorded. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

PROVISIONS

PROVISIONS	3 Months Ended
	Mar. 31, 2022
PROVISIONS	6. PROVISIONS SCHEDULE OF PROVISIONS (1) (2) 3 Post-retirement Rehabilitation benefits (1) provision (2) Total $ $ $ Year ended December 31, 2021 Opening balance 652 1,556 2,208 Termination payments (62 ) - (62 ) Change in estimate 968 223 1,191 Accretion for the period 236 85 321 Exchange differences 1 (51 ) (50 ) Closing balance 1,795 1,813 3,608 Current 1,795 - 1,795 Non-current - 1,813 1,813 Period ended March 31, 2022 Opening balance 1,795 1,813 3,608 Termination payments (6 ) - (6 ) Accretion for the period 192 31 223 Exchange differences 58 54 112 Closing balance 2,039 1,898 3,937 Current 2,039 - 2,039 Non-current - 1,898 1,898 (1) Post-retirement benefits: Under Mexican labour law, the Company provides post-retirement indemnities and severance benefits to its employees terminated under certain circumstances. Key assumptions used by the independent 3 rd 7.00 7.00 4 4 3.75 3.75 22 22 (2) Rehabilitation provision: Key financial assumptions used in the above estimate include independent 3 rd 6.68 7.19 6.68 7.19 2.0 1.0 1.0

CONVERTIBLE DEBENTURES

CONVERTIBLE DEBENTURES	3 Months Ended
	Mar. 31, 2022
CONVERTIBLE DEBENTURES	7. CONVERTIBLE DEBENTURES On July 30, 2020, the Company closed a private placement (the “Financing”) of secured convertible debentures (the “Debentures”) for total proceeds of C$ 17.91 The Debentures have a term of 36 months 5.30 5.75 10 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data) On or after July 30, 2022 and prior to maturity, the Company may accelerate the conversion of the entire issuance of Debentures, provided that the 20-day VWAP of the common shares on or after such 24-month anniversary is equal to or greater than C$ 12.50 The purchasers of the Debentures were also issued 1,006,542 5.75 July 30, 2023 136,887 5.75 July 30, 2023 Net proceeds from the Debentures were C$ 17.1 12.8 768 572 8,459 6,298 6,382 4,751 2,301 1,713 The debt component is recorded at amortized cost and is accreted to the principal amount over the term of the Debentures. The Company elected to pay the December 31, 2020, June 30, 2021 and December 31, 2021 interest payments in common shares valued at C$ 754 588 888 727 903 706 1,041 822 SUMMARY OF DEBT COMPONENT $ CAD $ USD Year ended December 31, 2021 Opening balance 9,299 7,283 Interest expense 4,294 3,427 Value of shares issued to settle interest payable (1,791 ) (1,433 ) Exchange differences - (39 ) Closing balance 11,802 9,238 Period ended March 31, 2022 Opening balance 11,802 9,238 Interest expense 1,041 822 Exchange differences - 239 Closing balance 12,843 10,299 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

SHARE CAPITAL

SHARE CAPITAL	3 Months Ended
	Mar. 31, 2022
SHARE CAPITAL	8. SHARE CAPITAL The Company’s authorized share capital consists of an unlimited number of common shares. SCHEDULE OF AUTHORIZED SHARE CAPITAL Number of shares (000’s) $ Year ended December 31, 2021 Opening balance 32,339 136,199 Shares issued on exercise of stock options 15 54 Shares issued on exercise of RSUs and DSUs 281 970 Value of shares issued in asset acquisition (1) 232 305 Shares issued to settle interest on convertible debentures (2) 896 1,433 Balance at December 31, 2021 33,763 138,961 Period ended March 31, 2022 Opening balance 33,763 138,961 Shares issued on exercise of RSUs and DSUs 32 112 Balance at March 31, 2022 33,795 139,073 (1) In accordance with the Globex Agreement (Note 5), the Company issued 65,657 325 246 232,240 385 305 (2) The Company elected to pay the December 31, 2020, June 30, 2021 and December 31, 2021 interest payments on the Debentures (Note 7) in common shares valued at C$ 754 588 888 727 903 706 The outstanding number and weighted average exercise prices of equity-settled Stock Options, Warrants, Deferred Share Units (“DSUs”) and Restricted Share Units (“RSUs”) are as follows: SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES Options Warrants Options Outstanding Weighted Average Exercise Price (CAD) Warrants Outstanding (1) Weighted Average Exercise Price (CAD) RSUs Outstanding DSUs Outstanding Outstanding at January 1, 2021 847,437 4.21 2,538,588 6.00 465,511 491,330 Granted/issued 257,500 3.73 - - 466,122 209,353 Exercised/settled (15,000 ) 3.05 - - (41,117 ) (244,485 ) Expired (104,366 ) 5.61 (1,092,400 ) 7.00 (54,448 ) - Forfeited (40,084 ) 3.85 - - (168,659 ) - Outstanding at December 31, 2021 945,487 3.96 1,446,188 5.24 667,409 456,198 Exercisable at December 31, 2021 816,987 4.03 1,446,188 5.24 - - Options Warrants Options Outstanding Weighted Average Exercise Price (CAD) Warrants Outstanding (1) Weighted Average Exercise Price (CAD) RSUs Outstanding DSUs Outstanding Outstanding at January 1, 2022 945,487 3.96 1,446,188 5.24 667,409 456,198 Granted/issued - 0.00 - - 18,382 42,458 Exercised/settled - 0.00 - - (31,787 ) - Expired (152,000 ) 4.83 (302,760 ) 3.30 - - Forfeited - 0.00 - - (21,000 ) - Outstanding at March 31, 2022 793,487 3.80 1,143,428 5.75 633,004 498,656 Exercisable at March 31, 2022 715,362 3.88 1,143,428 5.75 - - (1) At March 31, 2022, the Company has 1,143,428 5.75 July 30, 2023 302,760 3.30 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data) Options outstanding and exercisable are as follows: SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE Exercise Price Range (CAD) Stock Options Outstanding Weighted Average Remaining Contractual Life (years) Stock Options Exercisable Weighted Average $ 0.00 1.99 45,000 2.56 11,250 1.80 $ 2.00 3.99 353,037 1.45 341,787 3.02 $ 4.00 5.99 367,450 2.13 334,325 4.48 $ 6.00 7.99 5,000 1.05 5,000 7.50 $ 8.00 9.99 23,000 0.99 23,000 8.10 793,487 1.82 715,362 3.88 Share-based payment expense is recognized over the vesting period of the grant with the corresponding equity impact recorded in contributed surplus. Share-based payment expense comprises the following: SCHEDULE OF SHARE BASED COMPENSATION EXPENSE Three months ended March 31 March 31 2022 2021 $ $ Stock options 38 203 RSU 115 141 DSU 35 421 188 765 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

PROVISION FOR LITIGATION

PROVISION FOR LITIGATION	3 Months Ended
	Mar. 31, 2022
PROVISION FOR LITIGATION	9. PROVISION FOR LITIGATION A subsidiary of the Company is party to an action by a claimant in respect of damages under a property agreement regarding the La Antigua mineral concession (“La Antigua”), a non-material mineral concession within the Evolución Project held by a subsidiary of the Company. La Antigua is subject to an exploration and exploitation agreement with a purchase option (the “Antigua Agreement”) between San Pedro Resources SA de CV (“San Pedro”, now a subsidiary of Excellon) and the owner (the “Plaintiff”) that provides, among other things, for a minimum payment of $ 2.5 3% 500 The Plaintiff was initially awarded damages of $700 in the court of first instance in Torreón, Coahuila. Both San Pedro and the Plaintiff appealed the decision to the Second District State Court in the Judicial District of Torreón. That Court confirmed the initial decision but, subsequently, pursuant to an order obtained by the Plaintiff, granted the Plaintiff an award of $ 22,175 22,175 The Judgment is solely against San Pedro as defendant and the Company believes that the Plaintiff has no recourse against the Company’s other assets in Mexico (including Platosa), Idaho, Saxony or Canada. San Pedro is a wholly-owned, indirect subsidiary of the Company that holds the Miguel Auza processing facility and the original Miguel Auza mineral concessions, including the Evolución mineral resource. The book value of San Pedro’s assets included in the condensed consolidated Statement of Financial Position (Note 4) is $ 2.5 million, including plant, property and equipment of $ 0.8 million, VAT recoverable of $ 1.3 million and materials, supplies and other of $ 0.4 million. The Platosa Mine is owned and operated by a separate subsidiary. The Company continues to pursue avenues through our labour, community and government relationships and is investigating remedies under international law. In the interim, San Pedro continues to operate in the ordinary course and there is currently no impact to the operation of the Company’s business. In Q1 2022, the Plaintiff registered the Judgment against the real property owned by San Pedro. The Company is pursuing legal remedies through its counsel in Mexico. This proceeding does not currently impact the Company’s use of the land, plant or mineral concessions. As of the date of approval of these financial statements San Pedro has not received any notice that the Plaintiff has initiated any insolvency proceedings that could result in San Pedro losing control of the toll milling operations. SCHEDULE OF PROVISION FOR LITIGATION March 31 December 31 2022 2021 $ $ Opening balance 22,162 - Provision recognized - 22,282 Transfer from accruals - 243 Interest 1 1 Exchange differences (1) 30 (364 ) Closing balance 22,193 22,162 (1) Exchange differences include unrealized foreign exchange gain ($ 605 294 635 658 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2022
REVENUE	10. REVENUE Under the terms of the Company’s concentrate sales contracts, lead–silver and zinc–silver concentrates are sold on a provisional pricing basis whereby sales are recognized at prevailing metal prices when the revenue recognition criteria have been met, namely when title and the risks and rewards of ownership have transferred to the customer. Final pricing of each delivery is not determined until one to four months post-delivery. The price recorded at the time of sale may differ from the actual final price received from the customer due to changes in market prices for metals. The price volatility is considered an embedded derivative in trade receivables. The embedded derivative is recorded at fair value by mark-to-market adjustments at each reporting period until settlement occurs, with the changes in fair value recorded in revenue. The Company recognized the following amounts related to revenue: SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Concentrate revenue from contracts with customers 7,757 9,844 Provisional pricing adjustments on concentrate sales 739 (63 ) Total revenue 8,496 9,781 The following table sets out the disaggregation of revenue by metal: SCHEDULE OF DISAGGREGATION OF REVENUE 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Concentrate revenue: Silver 4,498 6,601 Lead 1,138 1,313 Zinc 2,860 1,867 Total revenue 8,496 9,781 The Company has offtake agreements with Trafigura Mexico, S.A. de C.V. (“Trafigura”), a subsidiary within the Trafigura group of companies. Due to the availability of alternative processing and commercialization options for its concentrate, the Company believes it would suffer no material adverse effect if it lost the services of Trafigura. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

EXPENSES BY NATURE

EXPENSES BY NATURE	3 Months Ended
	Mar. 31, 2022
EXPENSES BY NATURE	11. EXPENSES BY NATURE SCHEDULE OF COST OF SALES (a) Cost of sales consist of the following: 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Direct mining and milling costs (1) 5,442 6,456 Changes in inventories (2) 193 (303 ) Depletion and amortization 2,278 1,790 Cost of sales 7,913 7,943 (1) Direct mining and milling costs include personnel, general and administrative, fuel, electricity, maintenance and repair costs as well as operating supplies, external consulting and transport fees. (2) Changes in inventories reflect the net cost of ore and concentrate (i) sold during the current period but produced in a previous period (an addition to direct mining and milling costs) or (ii) produced but not sold in the current period (a deduction from direct mining and milling costs). SCHEDULE OF ADMINISTRATIVE EXPENSES (b) Administrative expenses consist of the following: 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Office and overhead 561 606 Salaries and wages 371 712 Corporate development and legal 60 68 Public company costs 33 57 Administrative expenses 1,025 1,443 SCHEDULE OF OTHER EXPENSES (c) Other (income) expenses consist of the following: 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Fair value loss on marketable securities 43 469 Fair value loss on purchase warrants 17 74 Unrealized foreign exchange (gain) loss (515 ) 132 Realized foreign exchange gain (23 ) (63 ) Interest and other expenses 78 48 Insurance proceeds received (592 ) - Management fee income (Note 5) - (9 ) Other (income) expenses (992 ) 651 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

EXPLORATION AND HOLDING EXPENSE

EXPLORATION AND HOLDING EXPENSES	3 Months Ended
	Mar. 31, 2022
EXPLORATION AND HOLDING EXPENSES	12. EXPLORATION AND HOLDING EXPENSES Exploration and holding expenses were incurred on the following projects: SCHEDULE OF EXPLORATION AND HOLDING EXPENSES Three months ended March 31 March 31 2022 2021 $ $ Platosa property (Mexico) - exploration work (1) 231 369 - holding costs 51 49 Evolución (Mexico) - exploration work 40 90 - holding costs 85 72 Silver City (Germany) - exploration work 478 204 - holding costs (2) - - Kilgore (USA) - exploration work 231 289 - holding costs - - Exploration and holding expenses 1,116 1,073 (1) Platosa property exploration excludes underground drilling at the Platosa Mine which is capitalized to Property, plant and equipment (Note 4). (2) There are no annual fees associated with exploration licenses in Saxony, Germany. See Note 5 for capitalized earn-in payments under the Globex Agreement.

FINANCE EXPENSES

FINANCE EXPENSES	3 Months Ended
	Mar. 31, 2022
FINANCE EXPENSES	13. FINANCE EXPENSES Finance expenses consist of the following: SCHEDULE OF FINANCE EXPENSES 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Interest expense - Debentures (1) 822 648 Interest expense - other 31 30 Rehabilitation provision - accretion 31 18 Post-retirement benefits - accretion (2) 31 8 Unrealized loss on currency hedges - 21 Finance expenses 915 725 (1) The Debentures are recorded at amortized cost and accreted to the principal amount over the term of the Debentures (Note 7). For the three months ended March 31, 2022, $ 200 200 622 448 (2) Reflects the discounting of post-retirement benefit liabilities. The post-retirement benefit accretion presented in Note 6 includes current service cost accretion of $ 156 199 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2022
FINANCIAL INSTRUMENTS	14. FINANCIAL INSTRUMENTS Fair Values of non-derivative financial instruments All financial assets and financial liabilities, other than derivatives, are initially recognized at the fair value of consideration paid or received, net of transaction costs, as appropriate, and are subsequently carried at fair value or amortized cost. At March 31, 2022, the carrying amounts of trade and other payables and other current assets are considered to be reasonable approximations of their respective fair values due to the short-term nature of these instruments. The methods and assumptions used in estimating the fair value of other financial assets and liabilities are as follows: Embedded derivatives – provisional pricing Revenues from the sale of metals produced are based on provisional prices at the time of shipment. Variations between the price recorded at the time of sale and the actual final price received from the customer are caused by changes in market prices for metals sold and final settlement weights and assays, which result in an embedded derivative in trade receivables. The embedded derivative is recorded at fair value each reporting period until settlement occurs, with the changes in fair value recorded to revenues. Fair Value Hierarchy The three levels of the fair value hierarchy are as follows: ● Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; ● Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and ● Level 3 – Inputs that are not based on observable market data SCHEDULE OF THREE LEVELS OF FAIR VALUE HIERARCHY 2022 2021 March 31 December 31 Fair value 2022 2021 hierarchy $ $ Financial assets Fair value through profit and loss Marketable securities Level 1 142 407 Warrants Level 2 31 47 Trade receivables from provisionally priced sales Level 2 480 326 Total 653 780 There were no transfers between levels 1, 2 or 3 during the three months ended March 31, 2022. Valuation techniques and inputs used to determine fair values include: ● Marketable securities – the use of quoted market prices ● Warrants – based on a Black-Scholes model which uses quoted observable inputs ● Trade receivables from provisionally priced sales – key inputs are payable metal and future metal prices, marked-to-market based on a quoted forward price and final settlement weights and assays Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2022
SEGMENT REPORTING	15. SEGMENT REPORTING SCHEDULE OF SEGMENT REPORTING 2022 2021 2 022 2021 2 022 2021 MEXICO CORPORATE TOTAL March 31 December 31 March 31 December 31 March 31 December 31 2022 2021 2022 2021 2022 2021 $ $ $ $ $ $ Property, plant and equipment 6,981 8,535 399 509 7,380 9,044 Additions - Property, plant and equipment 431 7,931 - 30 431 7,961 Mineral rights 127 193 20,011 20,080 20,138 20,273 Additions - Mineral rights - - - 459 - 459 Total assets 12,905 15,309 25,231 26,251 38,136 41,560 Total liabilities 32,286 34,173 12,585 11,874 44,871 46,047 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ MEXICO Revenue 8,496 9,781 Cost of sales (7,913 ) (7,943 ) Exploration and holding expenses (407 ) (580 ) Other income and foreign exchange gains 1,995 521 Finance expenses (83 ) (45 ) Net income 2,088 1,734 CORPORATE General and administrative expenses (1,311 ) (2,342 ) Exploration and holding expenses (709 ) (493 ) Other expenses (1,003 ) (1,172 ) Finance expenses (832 ) (680 ) Income tax recovery 67 31 Net loss (3,788 ) (4,656 ) Net loss (1,700 ) (2,922 )

BASIS OF PRESENTATION AND GOI_2

BASIS OF PRESENTATION AND GOING CONCERN (Policies)	3 Months Ended
	Mar. 31, 2022
Statement of compliance and going concern	a) Statement of compliance and going concern The Company prepares its condensed consolidated financial statements in accordance with International Accounting Standard 34, Interim Financial Reporting On January 5, 2022, the Company announced that it was assessing the economic viability of mining at Platosa at achievable dewatering rates and with acceptable capital expenditures, beyond mid-2022. The mineral resources remaining beyond mid-2022 steepen significantly, with fewer vertical-tonnes-per-metre than historically encountered. Underground and surface drilling continued throughout Q1 2022; however, based on the recent drilling results and consideration of current and expected economic factors, the Company expects to wind down operations at Platosa during Q3 2022. In addition, the Company has incurred losses from operations, has a shareholders’ deficit of $ 6,735 , and negative working capital of $ 21,303 (including the Provision for litigation of $ 22,193 (Note 9)) as of March 31, 2022. Operating cash flows from the Platosa mine are projected to cease after the wind down of its operations in Q3 2022 and therefore the Company must utilize its current cash reserves, and other financing transactions to maintain its working capital requirements and planned corporate expenditures, as well as to fund exploration activities. As indicated in Note 9, the Company is also party to a legal claim (the “Judgment”) against San Pedro Resources SA de CV (“San Pedro”). The Judgment is solely against San Pedro as defendant and the Company believes that the Plaintiff has no recourse against the Company’s other assets in Mexico (including Platosa), Idaho, Saxony or Canada. San Pedro continues to operate in the ordinary course and there is currently no impact to the operation of the Company’s business. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data) The Company’s assets in Mexico, including those held in San Pedro, are security for the Debentures (Note 7). The Company does not consider the Judgment and actions taken by the Plaintiff to date in connection with enforcing the Judgment to constitute an event of default or default under the trust indenture governing the outstanding Debentures (the “Indenture”). An event of default under the Indenture, if not cured or waived, could result in the acceleration of all the Company’s debt under the Debentures and could materially and adversely affect the Company’s future operations, cash flows, earnings, results of operations, financial condition and the economic viability of its projects. On March 7, 2022 the Company reported that the Sindicato Nacional Minero Metalúrgico (the “Platosa Union”) commenced a labour action at the Platosa Mine in Durango, Mexico. On April 1, 2022 the labour action was resolved. The Company is considering various financing, corporate development opportunities and strategic alternatives that may include acquisitions, divestitures, mergers or spin-offs of the Company’s or third parties’ assets, as applicable. These conditions indicate the existence of material uncertainties that cast substantial doubt on the Company’s ability to realize its assets and discharge its liabilities in the normal course of business and, accordingly, the appropriateness of the use of accounting principles applicable to a going concern. The Company’s ability to continue as a going concern is dependent on its ability to repay or refinance its non-current Debentures, obtain the necessary financing to advance its exploration projects and meet its ongoing corporate overhead costs. Although the Company has been successful in obtaining debt or equity financing in the past, there is no assurance that it will be able to do so in the future or that such arrangements will be on terms advantageous to the Company. These condensed consolidated financial statements are prepared on a going concern basis which assumes that the Company will continue for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. Accordingly, these condensed consolidated financial statements do not include adjustments to the recoverability and classification of recorded asset and liabilities and related expenses that might be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and liquidate its liabilities in other than the normal course of business at amounts different from those in the accompanying condensed consolidated financial statements. Such adjustments could be material.
Summary of significant accounting policies, judgments, and estimates	b) Summary of significant accounting policies, judgments, and estimates These condensed consolidated financial statements have been prepared using the same accounting policies, methods of computation, judgments and estimates as the annual consolidated financial statements of the Company as at and for the year ended December 31, 2021. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data)

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF INVENTORIES	SCHEDULE OF INVENTORIES March 31 December 31 2022 2021 $ $ Ore stockpiles (1) 663 587 Concentrate inventory (1) - 250 Materials and supplies 1,257 1,250 1,920 2,087 (1) Change in inventories recorded in cost of sales (Note 11.a) excludes currency translation adjustment of 19 43

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT 1 2 3 4 5 6 Assets Corporate Mining Mining Processing under and right properties equipment equipment construction of use assets Total $ $ $ $ $ $ At January 1, 2021 Cost 36,400 21,272 6,075 522 1,944 66,213 Accumulated amortization (21,930 ) (12,552 ) (5,079 ) - (822 ) (40,383 ) Opening net book value 14,470 8,720 996 522 1,122 25,830 Year ended December 31, 2021 Opening net book value 14,470 8,720 996 522 1,122 25,830 Additions 4,441 516 263 2,711 30 7,961 Reclassification 2,131 875 196 (3,202 ) - - Impairment (2) (10,471 ) (4,715 ) (738 ) - (231 ) (16,155 ) Depletion and amortization (4,532 ) (2,373 ) (275 ) - (348 ) (7,528 ) Exchange differences (1) (666 ) (333 ) (17 ) (31 ) (17 ) (1,064 ) Closing net book value 5,373 2,690 425 - 556 9,044 At December 31, 2021 Cost 41,962 21,995 6,367 - 1,935 72,259 Accumulated amortization and impairment (36,589 ) (19,305 ) (5,942 ) - (1,379 ) (63,215 ) Closing net book value 5,373 2,690 425 - 556 9,044 Period ended March 31, 2022 Opening net book value 5,373 2,690 425 - 556 9,044 Additions 380 6 45 - - 431 Reclassification - (630 ) 744 - (114 ) - Depletion and amortization (1,626 ) (128 ) (503 ) - (54 ) (2,311 ) Exchange differences (1) 127 56 22 - 11 216 Closing net book value 4,254 1,994 733 - 399 7,380 At March 31, 2022 Cost 43,554 21,192 8,879 - 1,161 74,786 Accumulated amortization and impairment (39,300 ) (19,198 ) (8,146 ) - (762 ) (67,406 ) Closing net book value 4,254 1,994 733 - 399 7,380 (1) Unrealized foreign exchange losses on translation of Mexican peso assets at the period-end exchange rate. (2) On January 5, 2022, the Company announced that it was assessing the economic viability of mining at Platosa at achievable dewatering rates and with acceptable capital expenditures, beyond mid-2022. The mineral resources remaining beyond mid-2022 steepen significantly, with fewer vertical-tonnes-per-metre than historically encountered. Based on the recent drilling results and consideration of current and expected economic factors, the Company expects to wind down operations at Platosa during Q3 2022.

MINERAL RIGHTS (Tables)

MINERAL RIGHTS (Tables)	3 Months Ended
	Mar. 31, 2022
Mineral Rights
SCHEDULE OF MINERAL RIGHTS	SCHEDULE OF MINERAL RIGHTS 1 3 ( 5 Platosa Silver City Kilgore Oakley (Mexico) (Germany) (1) (Idaho) (Idaho) (2) Total $ $ $ $ $ At January 1, 2021 Cost 3,721 587 13,756 5,364 23,428 Accumulated amortization (2,917 ) - - - (2,917 ) Opening net book value 804 587 13,756 5,364 20,511 Year ended December 31, 2021 Opening net book value 804 587 13,756 5,364 20,511 Additions - 459 - - 459 Payments received under earn-in agreement - - - (75 ) (75 ) Depletion and amortization (219 ) - - - (219 ) Impairment (3) (385 ) - - - (385 ) Exchange differences (7 ) (11 ) - - (18 ) Closing net book value 193 1,035 13,756 5,289 20,273 At December 31, 2021 Cost 3,665 1,035 13,756 5,289 23,745 Accumulated amortization (3,472 ) - - - (3,472 ) Closing net book value 193 1,035 13,756 5,289 20,273 Period ended March 31, 2022 Opening net book value 193 1,035 13,756 5,289 20,273 Payments received under earn-in agreement - - - (100 ) (100 ) Depletion and amortization (65 ) - - - (65 ) Exchange differences (1 ) 31 - - 30 Closing net book value 127 1,066 13,756 5,189 20,138 At March 31, 2022 Cost 3,764 1,066 13,756 5,189 23,775 Accumulated amortization (3,637 ) - - - (3,637 ) Closing net book value 127 1,066 13,756 5,189 20,138 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three months ended March 31, 2022 and 2021 (in thousands of U.S. dol lars, except share and per share data) (1) On September 24, 2019 the Company signed an option agreement (the “Globex Agreement”) with Globex Mining Enterprises Inc. (“Globex”) to acquire a 100 500 1,600 3 2.5 reduced by 1% upon a payment of $1,500. Additional one-time payments of C$300 and C$700 will be made by the Company following any future announcement of a maiden resource on the property and upon achievement of commercial production from the project, respectively. Option payment date Number of shares issued Contractual value of shares issued Cash payment made Total – addition to mineral rights September 24, 2019 45,367 C$ 225 C$ 100 $ 245 September 21, 2020 65,657 C$ 325 C$ 100 $ 317 September 22, 2021 232,240 C$ 425 C$ 100 $ 384 The Company has the option to issue shares to the value of C$ 625 200 (2) On April 22, 2020, the Company acquired 100% ownership of the Oakley Project in Cassia County, Idaho as part of the Otis acquisition. On February 26, 2020, Otis entered into a definitive option agreement with Centerra Gold Inc. (“Centerra”) whereby Centerra can earn up to a 70% interest in the Oakley Project in exchange for total exploration expenditures of $ 7,500 550 In Q1 2021, the Company received a payment of $ 75 100 (3) Refer to Note 4 – mineral rights related to the Platosa Mine were included in the Platosa CGU tested for impairment at December 31, 2021. An impairment of $ 385 was recorded.

PROVISIONS (Tables)

PROVISIONS (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF PROVISIONS	SCHEDULE OF PROVISIONS (1) (2) 3 Post-retirement Rehabilitation benefits (1) provision (2) Total $ $ $ Year ended December 31, 2021 Opening balance 652 1,556 2,208 Termination payments (62 ) - (62 ) Change in estimate 968 223 1,191 Accretion for the period 236 85 321 Exchange differences 1 (51 ) (50 ) Closing balance 1,795 1,813 3,608 Current 1,795 - 1,795 Non-current - 1,813 1,813 Period ended March 31, 2022 Opening balance 1,795 1,813 3,608 Termination payments (6 ) - (6 ) Accretion for the period 192 31 223 Exchange differences 58 54 112 Closing balance 2,039 1,898 3,937 Current 2,039 - 2,039 Non-current - 1,898 1,898 (1) Post-retirement benefits: Under Mexican labour law, the Company provides post-retirement indemnities and severance benefits to its employees terminated under certain circumstances. Key assumptions used by the independent 3 rd 7.00 7.00 4 4 3.75 3.75 22 22 (2) Rehabilitation provision: Key financial assumptions used in the above estimate include independent 3 rd 6.68 7.19 6.68 7.19 2.0 1.0 1.0

CONVERTIBLE DEBENTURES (Tables)

CONVERTIBLE DEBENTURES (Tables)	3 Months Ended
	Mar. 31, 2022
SUMMARY OF DEBT COMPONENT	SUMMARY OF DEBT COMPONENT $ CAD $ USD Year ended December 31, 2021 Opening balance 9,299 7,283 Interest expense 4,294 3,427 Value of shares issued to settle interest payable (1,791 ) (1,433 ) Exchange differences - (39 ) Closing balance 11,802 9,238 Period ended March 31, 2022 Opening balance 11,802 9,238 Interest expense 1,041 822 Exchange differences - 239 Closing balance 12,843 10,299

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF AUTHORIZED SHARE CAPITAL	The Company’s authorized share capital consists of an unlimited number of common shares. SCHEDULE OF AUTHORIZED SHARE CAPITAL Number of shares (000’s) $ Year ended December 31, 2021 Opening balance 32,339 136,199 Shares issued on exercise of stock options 15 54 Shares issued on exercise of RSUs and DSUs 281 970 Value of shares issued in asset acquisition (1) 232 305 Shares issued to settle interest on convertible debentures (2) 896 1,433 Balance at December 31, 2021 33,763 138,961 Period ended March 31, 2022 Opening balance 33,763 138,961 Shares issued on exercise of RSUs and DSUs 32 112 Balance at March 31, 2022 33,795 139,073 (1) In accordance with the Globex Agreement (Note 5), the Company issued 65,657 325 246 232,240 385 305 (2) The Company elected to pay the December 31, 2020, June 30, 2021 and December 31, 2021 interest payments on the Debentures (Note 7) in common shares valued at C$ 754 588 888 727 903 706
SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES	The outstanding number and weighted average exercise prices of equity-settled Stock Options, Warrants, Deferred Share Units (“DSUs”) and Restricted Share Units (“RSUs”) are as follows: SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES Options Warrants Options Outstanding Weighted Average Exercise Price (CAD) Warrants Outstanding (1) Weighted Average Exercise Price (CAD) RSUs Outstanding DSUs Outstanding Outstanding at January 1, 2021 847,437 4.21 2,538,588 6.00 465,511 491,330 Granted/issued 257,500 3.73 - - 466,122 209,353 Exercised/settled (15,000 ) 3.05 - - (41,117 ) (244,485 ) Expired (104,366 ) 5.61 (1,092,400 ) 7.00 (54,448 ) - Forfeited (40,084 ) 3.85 - - (168,659 ) - Outstanding at December 31, 2021 945,487 3.96 1,446,188 5.24 667,409 456,198 Exercisable at December 31, 2021 816,987 4.03 1,446,188 5.24 - - Options Warrants Options Outstanding Weighted Average Exercise Price (CAD) Warrants Outstanding (1) Weighted Average Exercise Price (CAD) RSUs Outstanding DSUs Outstanding Outstanding at January 1, 2022 945,487 3.96 1,446,188 5.24 667,409 456,198 Granted/issued - 0.00 - - 18,382 42,458 Exercised/settled - 0.00 - - (31,787 ) - Expired (152,000 ) 4.83 (302,760 ) 3.30 - - Forfeited - 0.00 - - (21,000 ) - Outstanding at March 31, 2022 793,487 3.80 1,143,428 5.75 633,004 498,656 Exercisable at March 31, 2022 715,362 3.88 1,143,428 5.75 - - (1) At March 31, 2022, the Company has 1,143,428 5.75 July 30, 2023 302,760 3.30
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE	Options outstanding and exercisable are as follows: SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE Exercise Price Range (CAD) Stock Options Outstanding Weighted Average Remaining Contractual Life (years) Stock Options Exercisable Weighted Average $ 0.00 1.99 45,000 2.56 11,250 1.80 $ 2.00 3.99 353,037 1.45 341,787 3.02 $ 4.00 5.99 367,450 2.13 334,325 4.48 $ 6.00 7.99 5,000 1.05 5,000 7.50 $ 8.00 9.99 23,000 0.99 23,000 8.10 793,487 1.82 715,362 3.88
SCHEDULE OF SHARE BASED COMPENSATION EXPENSE	Share-based payment expense is recognized over the vesting period of the grant with the corresponding equity impact recorded in contributed surplus. Share-based payment expense comprises the following: SCHEDULE OF SHARE BASED COMPENSATION EXPENSE Three months ended March 31 March 31 2022 2021 $ $ Stock options 38 203 RSU 115 141 DSU 35 421 188 765

PROVISION FOR LITIGATION (Table

PROVISION FOR LITIGATION (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF PROVISION FOR LITIGATION	SCHEDULE OF PROVISION FOR LITIGATION March 31 December 31 2022 2021 $ $ Opening balance 22,162 - Provision recognized - 22,282 Transfer from accruals - 243 Interest 1 1 Exchange differences (1) 30 (364 ) Closing balance 22,193 22,162 (1) Exchange differences include unrealized foreign exchange gain ($ 605 294 635 658

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE	The Company recognized the following amounts related to revenue: SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Concentrate revenue from contracts with customers 7,757 9,844 Provisional pricing adjustments on concentrate sales 739 (63 ) Total revenue 8,496 9,781
SCHEDULE OF DISAGGREGATION OF REVENUE	The following table sets out the disaggregation of revenue by metal: SCHEDULE OF DISAGGREGATION OF REVENUE 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Concentrate revenue: Silver 4,498 6,601 Lead 1,138 1,313 Zinc 2,860 1,867 Total revenue 8,496 9,781

EXPENSES BY NATURE (Tables)

EXPENSES BY NATURE (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF COST OF SALES	SCHEDULE OF COST OF SALES (a) Cost of sales consist of the following: 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Direct mining and milling costs (1) 5,442 6,456 Changes in inventories (2) 193 (303 ) Depletion and amortization 2,278 1,790 Cost of sales 7,913 7,943 (1) Direct mining and milling costs include personnel, general and administrative, fuel, electricity, maintenance and repair costs as well as operating supplies, external consulting and transport fees. (2) Changes in inventories reflect the net cost of ore and concentrate (i) sold during the current period but produced in a previous period (an addition to direct mining and milling costs) or (ii) produced but not sold in the current period (a deduction from direct mining and milling costs).
SCHEDULE OF ADMINISTRATIVE EXPENSES	SCHEDULE OF ADMINISTRATIVE EXPENSES (b) Administrative expenses consist of the following: 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Office and overhead 561 606 Salaries and wages 371 712 Corporate development and legal 60 68 Public company costs 33 57 Administrative expenses 1,025 1,443
SCHEDULE OF OTHER EXPENSES	SCHEDULE OF OTHER EXPENSES (c) Other (income) expenses consist of the following: 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Fair value loss on marketable securities 43 469 Fair value loss on purchase warrants 17 74 Unrealized foreign exchange (gain) loss (515 ) 132 Realized foreign exchange gain (23 ) (63 ) Interest and other expenses 78 48 Insurance proceeds received (592 ) - Management fee income (Note 5) - (9 ) Other (income) expenses (992 ) 651

EXPLORATION AND HOLDING EXPEN_2

EXPLORATION AND HOLDING EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF EXPLORATION AND HOLDING EXPENSES	Exploration and holding expenses were incurred on the following projects: SCHEDULE OF EXPLORATION AND HOLDING EXPENSES Three months ended March 31 March 31 2022 2021 $ $ Platosa property (Mexico) - exploration work (1) 231 369 - holding costs 51 49 Evolución (Mexico) - exploration work 40 90 - holding costs 85 72 Silver City (Germany) - exploration work 478 204 - holding costs (2) - - Kilgore (USA) - exploration work 231 289 - holding costs - - Exploration and holding expenses 1,116 1,073 (1) Platosa property exploration excludes underground drilling at the Platosa Mine which is capitalized to Property, plant and equipment (Note 4). (2) There are no annual fees associated with exploration licenses in Saxony, Germany. See Note 5 for capitalized earn-in payments under the Globex Agreement.

FINANCE EXPENSES (Tables)

FINANCE EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF FINANCE EXPENSES	Finance expenses consist of the following: SCHEDULE OF FINANCE EXPENSES 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ Interest expense - Debentures (1) 822 648 Interest expense - other 31 30 Rehabilitation provision - accretion 31 18 Post-retirement benefits - accretion (2) 31 8 Unrealized loss on currency hedges - 21 Finance expenses 915 725 (1) The Debentures are recorded at amortized cost and accreted to the principal amount over the term of the Debentures (Note 7). For the three months ended March 31, 2022, $ 200 200 622 448 (2) Reflects the discounting of post-retirement benefit liabilities. The post-retirement benefit accretion presented in Note 6 includes current service cost accretion of $ 156 199

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF THREE LEVELS OF FAIR VALUE HIERARCHY	SCHEDULE OF THREE LEVELS OF FAIR VALUE HIERARCHY 2022 2021 March 31 December 31 Fair value 2022 2021 hierarchy $ $ Financial assets Fair value through profit and loss Marketable securities Level 1 142 407 Warrants Level 2 31 47 Trade receivables from provisionally priced sales Level 2 480 326 Total 653 780

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF SEGMENT REPORTING	SCHEDULE OF SEGMENT REPORTING 2022 2021 2 022 2021 2 022 2021 MEXICO CORPORATE TOTAL March 31 December 31 March 31 December 31 March 31 December 31 2022 2021 2022 2021 2022 2021 $ $ $ $ $ $ Property, plant and equipment 6,981 8,535 399 509 7,380 9,044 Additions - Property, plant and equipment 431 7,931 - 30 431 7,961 Mineral rights 127 193 20,011 20,080 20,138 20,273 Additions - Mineral rights - - - 459 - 459 Total assets 12,905 15,309 25,231 26,251 38,136 41,560 Total liabilities 32,286 34,173 12,585 11,874 44,871 46,047 2022 2021 Three months ended March 31 March 31 2022 2021 $ $ MEXICO Revenue 8,496 9,781 Cost of sales (7,913 ) (7,943 ) Exploration and holding expenses (407 ) (580 ) Other income and foreign exchange gains 1,995 521 Finance expenses (83 ) (45 ) Net income 2,088 1,734 CORPORATE General and administrative expenses (1,311 ) (2,342 ) Exploration and holding expenses (709 ) (493 ) Other expenses (1,003 ) (1,172 ) Finance expenses (832 ) (680 ) Income tax recovery 67 31 Net loss (3,788 ) (4,656 ) Net loss (1,700 ) (2,922 )

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Inventories		$ 1,920	$ 2,087
Ore Stockpiles [Member]
IfrsStatementLineItems [Line Items]
Inventories	[1]	663	587
Concentrate Inventory [Member]
IfrsStatementLineItems [Line Items]
Inventories	[1]		250
Materials And Supplies [Member]
IfrsStatementLineItems [Line Items]
Inventories		$ 1,257	$ 1,250
[1]	Change in inventories recorded in cost of sales (Note 11.a) excludes currency translation adjustment of 19 43

SCHEDULE OF INVENTORIES (Deta_2

SCHEDULE OF INVENTORIES (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Currency translation adjustment	$ 19	$ 43

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Opening net book value		$ 9,044
Closing net book value		7,380	$ 9,044
Mining Properties [Member]
IfrsStatementLineItems [Line Items]
Cost		41,962	36,400
Accumulated amortization		(36,589)	(21,930)
Opening net book value		5,373	14,470
Additions		380	4,441
Reclassification			2,131
Impairment	[1]		(10,471)
Depletion and amortization		(1,626)	(4,532)
Exchange differences	[2]	127	(666)
Closing net book value		4,254	5,373
Cost		43,554	41,962
Accumulated amortization and impairment		(39,300)	(36,589)
Mining Equipment [Member]
IfrsStatementLineItems [Line Items]
Cost		21,995	21,272
Accumulated amortization		(19,305)	(12,552)
Opening net book value		2,690	8,720
Additions		6	516
Reclassification		(630)	875
Impairment	[1]		(4,715)
Depletion and amortization		(128)	(2,373)
Exchange differences	[2]	56	(333)
Closing net book value		1,994	2,690
Cost		21,192	21,995
Accumulated amortization and impairment		(19,198)	(19,305)
Processing Equipment [Member]
IfrsStatementLineItems [Line Items]
Cost		6,367	6,075
Accumulated amortization		(5,942)	(5,079)
Opening net book value		425	996
Additions		45	263
Reclassification		744	196
Impairment	[1]		(738)
Depletion and amortization		(503)	(275)
Exchange differences	[2]	22	(17)
Closing net book value		733	425
Cost		8,879	6,367
Accumulated amortization and impairment		(8,146)	(5,942)
Assets Under Construction [Member]
IfrsStatementLineItems [Line Items]
Cost			522
Accumulated amortization
Opening net book value			522
Additions			2,711
Reclassification			(3,202)
Impairment	[1]
Depletion and amortization
Exchange differences	[2]		(31)
Closing net book value
Cost
Accumulated amortization and impairment
Corporate And Right of Use Assets [Member]
IfrsStatementLineItems [Line Items]
Cost		1,935	1,944
Accumulated amortization		(1,379)	(822)
Opening net book value		556	1,122
Additions			30
Reclassification		(114)
Impairment	[1]		(231)
Depletion and amortization		(54)	(348)
Exchange differences	[2]	11	(17)
Closing net book value		399	556
Cost		1,161	1,935
Accumulated amortization and impairment		(762)	(1,379)
Total [Member]
IfrsStatementLineItems [Line Items]
Cost		72,259	66,213
Accumulated amortization		(63,215)	(40,383)
Opening net book value		9,044	25,830
Additions		431	7,961
Reclassification
Impairment	[1]		(16,155)
Depletion and amortization		(2,311)	(7,528)
Exchange differences	[2]	216	(1,064)
Closing net book value		7,380	9,044
Cost		74,786	72,259
Accumulated amortization and impairment		$ (67,406)	$ (63,215)
[1]	On January 5, 2022, the Company announced that it was assessing the economic viability of mining at Platosa at achievable dewatering rates and with acceptable capital expenditures, beyond mid-2022. The mineral resources remaining beyond mid-2022 steepen significantly, with fewer vertical-tonnes-per-metre than historically encountered. Based on the recent drilling results and consideration of current and expected economic factors, the Company expects to wind down operations at Platosa during Q3 2022.
[2]	Unrealized foreign exchange losses on translation of Mexican peso assets at the period-end exchange rate.

BASIS OF PRESENTATION AND GOI_3

BASIS OF PRESENTATION AND GOING CONCERN (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Shareholders' deficit	$ 6,735	$ 4,487
Working capital	21,303
Provision for litigation	$ 22,193	$ 22,162

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Sep. 30, 2021
Platosa Mine C G U [Member]
Reserve Quantities [Line Items]
Estimated recoverable amount	$ 7,264
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	$ 14,293
Future commodity price assumption rate	10.00%
Commodity price for change in recoverable amount and impairment	$ 2,133
Residual value for change in recoverable amount and impairment	292
Miguel Auza CGU [Member]
Reserve Quantities [Line Items]
Estimated recoverable amount	1,338
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	1,110	$ 752
Platosa Mine And Miguel Auza [Member]
Reserve Quantities [Line Items]
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	$ 15,403

SCHEDULE OF MINERAL RIGHTS (Det

SCHEDULE OF MINERAL RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Payments received under earn-in agreement	$ (100)	$ (75)
Mineral Rights Platosa Mexico [Member]
IfrsStatementLineItems [Line Items]
Cost	3,665	3,721	$ 3,721
Accumulated amortization	(3,472)	(2,917)	(2,917)
Opening net book value	193	804	804
Additions
Payments received under earn-in agreement
Depletion and amortization	(65)		(219)
Impairment			(385)
Exchange differences	(1)		(7)
Closing net book value	127		193
Cost	3,764		3,665
Accumulated amortization	(3,637)		(3,472)
Mineral Rights Silver City Germany [Member]
IfrsStatementLineItems [Line Items]
Cost	1,035	587	587
Accumulated amortization
Opening net book value	1,035	587	587
Additions			459
Payments received under earn-in agreement
Depletion and amortization
Impairment
Exchange differences	31		(11)
Closing net book value	1,066		1,035
Cost	1,066		1,035
Accumulated amortization
Mineral Rights Kilgore Idaho [Member]
IfrsStatementLineItems [Line Items]
Cost	13,756	13,756	13,756
Accumulated amortization
Opening net book value	13,756	13,756	13,756
Additions
Payments received under earn-in agreement
Depletion and amortization
Impairment
Exchange differences
Closing net book value	13,756		13,756
Cost	13,756		13,756
Accumulated amortization
Mineral Rights Oakley Idaho [Member]
IfrsStatementLineItems [Line Items]
Cost	5,289	5,364	5,364
Accumulated amortization
Opening net book value	5,289	5,364	5,364
Additions
Payments received under earn-in agreement	(100)		(75)
Depletion and amortization
Impairment
Exchange differences
Closing net book value	5,189		5,289
Cost	5,189		5,289
Accumulated amortization
Total [Member]
IfrsStatementLineItems [Line Items]
Cost	23,745	23,428	23,428
Accumulated amortization	(3,472)	(2,917)	(2,917)
Opening net book value	20,273	$ 20,511	20,511
Additions			459
Payments received under earn-in agreement	(100)		(75)
Depletion and amortization	(65)		(219)
Impairment			(385)
Exchange differences	30		(18)
Closing net book value	20,138		20,273
Cost	23,775		23,745
Accumulated amortization	$ (3,637)		$ (3,472)

SCHEDULE OF MINERAL RIGHTS (D_2

SCHEDULE OF MINERAL RIGHTS (Details) (Parenthetical) $ in Thousands, $ in Thousands	Sep. 22, 2021USD ($)shares	Sep. 22, 2021CAD ($)shares	Sep. 21, 2020USD ($)shares	Sep. 21, 2020CAD ($)shares	Apr. 22, 2020	Feb. 26, 2020USD ($)	Sep. 24, 2019USD ($)shares	Sep. 24, 2019CAD ($)shares	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
IfrsStatementLineItems [Line Items]
Payment received earn-in agreement									$ 100	$ 75
Platosa Mine [Member]
IfrsStatementLineItems [Line Items]
Impairment											$ 385
Mineral Rights Silver City Germany [Member] | Globex Agreement [Member] | Globex Mining Enterprises Inc [Member]
IfrsStatementLineItems [Line Items]
Acquisition of equity, percentage							100.00%	100.00%
Payment for acquisition								$ 500
Shares issued during the period for acquisition, value								$ 1,600
Royalty for precious metals							3.00%	3.00%
Royalty for other metals							2.50%	2.50%
Reduction on royalty description							reduced by 1% upon a payment of $1,500.	reduced by 1% upon a payment of $1,500.
Addition one time payments							Additional one-time payments of C$300 and C$700 will be made by the Company following any future announcement of a maiden resource on the property and upon achievement of commercial production from the project, respectively.	Additional one-time payments of C$300 and C$700 will be made by the Company following any future announcement of a maiden resource on the property and upon achievement of commercial production from the project, respectively.
Mineral Rights Silver City Germany [Member] | Globex Agreement [Member] | Globex Mining Enterprises Inc [Member] | First Issuance [Member]
IfrsStatementLineItems [Line Items]
Payment for acquisition		$ 100		$ 100				$ 100
Shares issued during the period for acquisition, value		$ 425		$ 325				$ 225
Shares issued during the period for acquisition | shares	232,240	232,240	65,657	65,657			45,367,000	45,367,000
Additions	$ 384		$ 317				$ 245
Mineral Rights Silver City Germany [Member] | Globex Agreement [Member] | Globex Mining Enterprises Inc [Member] | Second Issuance [Member]
IfrsStatementLineItems [Line Items]
Payment for acquisition								$ 200
Shares issued during the period for acquisition, value								$ 625
Otis Gold Corp [Member] | Kilgore Gold Project [Member]
IfrsStatementLineItems [Line Items]
Project descriptions					On April 22, 2020, the Company acquired 100% ownership of the Oakley Project in Cassia County, Idaho as part of the Otis acquisition.
Otis Gold Corp [Member] | Definitive Option Agreement [Member] | Centerra Gold Inc [Member]
IfrsStatementLineItems [Line Items]
Payment for acquisition						$ 550
Project descriptions						Otis entered into a definitive option agreement with Centerra Gold Inc. (“Centerra”) whereby Centerra can earn up to a 70% interest in the Oakley Project in exchange for total exploration expenditures of $7,500 and cash payments to the Company of $550 over a six-year period. Excellon was Project Manager and earned 10% of the approved exploration expenditures for technical oversight and project management until November 30, 2021. Centerra now manages the Oakley Project directly.
Exploration expenditures						$ 7,500

SCHEDULE OF PROVISIONS (Details

SCHEDULE OF PROVISIONS (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Opening balance		$ 3,608	$ 2,208
Termination payments		(6)	(62)
Change in estimate			1,191
Accretion for the period		223	321
Exchange differences		112	(50)
Closing balance		3,937	3,608
Current		2,039	1,795
Non-current		1,898	1,813
Post-employment medical defined benefit plans [member]
IfrsStatementLineItems [Line Items]
Opening balance	[1]	1,795	652
Termination payments	[1]	(6)	(62)
Change in estimate	[1]		968
Accretion for the period	[1]	192	236
Exchange differences	[1]	58	1
Closing balance	[1]	2,039	1,795
Current	[1]	2,039	1,795
Non-current	[1]
Pension defined benefit plans [member]
IfrsStatementLineItems [Line Items]
Opening balance	[2]	1,813	1,556
Termination payments	[2]
Change in estimate	[2]		223
Accretion for the period	[2]	31	85
Exchange differences	[2]	54	(51)
Closing balance	[2]	1,898	1,813
Current	[2]
Non-current	[2]	$ 1,898	$ 1,813
[1]	Post-retirement benefits: Under Mexican labour law, the Company provides post-retirement indemnities and severance benefits to its employees terminated under certain circumstances. Key assumptions used by the independent 3 rd 7.00 7.00 4 4 3.75 3.75 22 22
[2]	Rehabilitation provision: Key financial assumptions used in the above estimate include independent 3 rd 6.68 7.19 6.68 7.19 2.0 1.0 1.0

SCHEDULE OF PROVISIONS (Detai_2

SCHEDULE OF PROVISIONS (Details) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Post-employment medical defined benefit plans [member]
IfrsStatementLineItems [Line Items]
Actuarial assumption of discount rates	7.00%	7.00%
Employee turnover rate	4.00%	4.00%
Actuarial assumption of expected rates of salary increases	3.75%	3.75%
Minimum wage increase rate	22.00%	22.00%
Pension defined benefit plans [member]
IfrsStatementLineItems [Line Items]
Undiscounted amount of obligations	$ 2
Pension defined benefit plans [member] | Platosa Mine [Member]
IfrsStatementLineItems [Line Items]
Actuarial assumption of discount rates	6.68%	6.68%
Undiscounted amount of obligations	$ 1
Pension defined benefit plans [member] | Miguel Auza CGU [Member]
IfrsStatementLineItems [Line Items]
Actuarial assumption of discount rates	7.19%	7.19%
Pension defined benefit plans [member] | Miguel Auza [Member]
IfrsStatementLineItems [Line Items]
Undiscounted amount of obligations	$ 1

SUMMARY OF DEBT COMPONENT (Deta

SUMMARY OF DEBT COMPONENT (Details) $ in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2022CAD ($)	Dec. 31, 2021USD ($)		Dec. 31, 2021CAD ($)
Opening balance	$ 9,238	$ 11,802	$ 7,283		$ 9,299
Interest expense	822	1,041	3,427		4,294
Value of shares issued to settle interest payable			(1,433)	[1]	(1,791)
Exchange differences	239		(39)
Closing balance	$ 10,299	$ 12,843	$ 9,238		$ 11,802
[1]	The Company elected to pay the December 31, 2020, June 30, 2021 and December 31, 2021 interest payments on the Debentures (Note 7) in common shares valued at C$ 754 588 888 727 903 706

SCHEDULE OF AUTHORIZED SHARE CA

SCHEDULE OF AUTHORIZED SHARE CAPITAL (Details) $ in Thousands, $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2022USD ($)shares	Dec. 31, 2021USD ($)shares		Dec. 31, 2021CAD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2021CAD ($)	Sep. 22, 2021USD ($)shares	Sep. 22, 2021CAD ($)shares	Dec. 31, 2020CAD ($)	Sep. 21, 2020USD ($)shares	Sep. 21, 2020CAD ($)shares	Jun. 30, 2020USD ($)	Jun. 30, 2020CAD ($)
IfrsStatementLineItems [Line Items]
Opening balance, shares		33,763,000	32,339,000		32,339,000
Opening balance | $		$ 138,961	$ 136,199
Shares issued on exercise of stock options, shares			15,000		15,000
Shares issued on exercise of stock options | $			$ 54
Shares issued on exercise of RSUs and DSUs, shares		32,000	281,000		281,000
Shares issued on exercise of RSUs and DSUs | $		$ 112	$ 970
Value of shares issued in asset acquisition, shares	[1]		232,000		232,000
Value of shares issued in asset acquisition | $	[1]		$ 305
Shares issued to settle interest on convertible debentures, shares	[2]		896,000		896,000
Shares issued to settle interest on convertible debentures			$ 1,433	[2]	$ 1,791
Ending balance, shares		33,795,000	33,763,000		33,763,000	32,339,000
Ending balance | $		$ 139,073	$ 138,961			$ 136,199
Interest payments			$ 706			$ 588	$ 903			$ 754			$ 727	$ 888
Globex Agreement [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued								232,240	232,240		65,657	65,657
Value of common shares issued								$ 305	$ 385		$ 246	$ 325
[1]	In accordance with the Globex Agreement (Note 5), the Company issued 65,657 325 246 232,240 385 305
[2]	The Company elected to pay the December 31, 2020, June 30, 2021 and December 31, 2021 interest payments on the Debentures (Note 7) in common shares valued at C$ 754 588 888 727 903 706

SCHEDULE OF OUTSTANDING NUMBER

SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES (Details)		Mar. 29, 2022shares$ / shares	Mar. 31, 2022shares$ / shares$ / shares	Dec. 31, 2021shares$ / shares
IfrsStatementLineItems [Line Items]
Outstanding, Ending Balance			793,487
Exercisable, Ending Balance			715,362
Weighted Average Exercise Price Exercisable, Ending Balance | $ / shares			$ 3.88
Warrants [Member]
IfrsStatementLineItems [Line Items]
Outstanding, Beginning Balance	[1]		1,446,188	2,538,588
Weighted Average Exercise Price, Beginning Balance | $ / shares			$ 5.24	$ 6
Granted/issued	[1]
Weighted Average Exercise Price, Granted/issued | $ / shares
Exercised/settled	[1]
Weighted Average Exercise Price, Exercised/settled | $ / shares
Expired	[1]		(302,760)	(1,092,400)
Weighted Average Exercise Price, Expired | $ / shares			$ 3.30	$ 7
Forfeited	[1]
Weighted Average Exercise Price, Forfeited | $ / shares
Outstanding, Ending Balance	[1]		1,143,428	1,446,188
Weighted Average Exercise Price, Ending Balance | $ / shares			$ 5.75	$ 5.24
Exercisable, Ending Balance	[1]		1,143,428	1,446,188
Weighted Average Exercise Price Exercisable, Ending Balance | $ / shares			$ 5.75	$ 5.24
Warrants Exercise Price 5.75 [Member]
IfrsStatementLineItems [Line Items]
Issuance of warrants			1,143,428
Warrant exercise price | $ / shares			$ 5.75
Warrants expiration date			Jul. 30, 2023
Warrants Exercise Price 3.30 Warrants [Member]
IfrsStatementLineItems [Line Items]
Issuance of warrants		302,760
Warrant exercise price | $ / shares		$ 3.30
Stock Options [Member]
IfrsStatementLineItems [Line Items]
Outstanding, Beginning Balance			945,487	847,437
Weighted Average Exercise Price, Beginning Balance | $ / shares			$ 3.96	$ 4.21
Granted/issued				257,500
Weighted Average Exercise Price, Granted/issued | $ / shares			$ 0	$ 3.73
Exercised/settled				(15,000)
Weighted Average Exercise Price, Exercised/settled | $ / shares			$ 0	$ 3.05
Expired			(152,000)	(104,366)
Weighted Average Exercise Price, Expired | $ / shares			$ 4.83	$ 5.61
Forfeited				(40,084)
Weighted Average Exercise Price, Forfeited | $ / shares			$ 0	$ 3.85
Outstanding, Ending Balance			793,487	945,487
Weighted Average Exercise Price, Ending Balance | $ / shares			$ 3.80	$ 3.96
Exercisable, Ending Balance			715,362	816,987
Weighted Average Exercise Price Exercisable, Ending Balance | $ / shares			$ 3.88	$ 4.03
Restricted Stock Units (RSUs) [Member]
IfrsStatementLineItems [Line Items]
Outstanding, Beginning Balance			667,409	465,511
Granted/issued			18,382	466,122
Exercised/settled			(31,787)	(41,117)
Expired				(54,448)
Forfeited			(21,000)	(168,659)
Outstanding, Ending Balance			633,004	667,409
Exercisable, Ending Balance
Deferred Stock Units (DSUs) [Member]
IfrsStatementLineItems [Line Items]
Outstanding, Beginning Balance			456,198	491,330
Granted/issued			42,458	209,353
Exercised/settled				(244,485)
Expired
Forfeited
Outstanding, Ending Balance			498,656	456,198
Exercisable, Ending Balance
[1]	At March 31, 2022, the Company has 1,143,428 5.75 July 30, 2023 302,760 3.30

SCHEDULE OF OPTIONS OUTSTANDING

SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE (Details)	3 Months Ended
	Mar. 31, 2022shares$ / shares
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	793,487
Weighted Average Remaining Contractual Life (years)	1 year 9 months 25 days
Stock Options Exercisable | shares	715,362
Weighted Average Exercise Price	$ 3.88
Exercise Price One [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	45,000
Weighted Average Remaining Contractual Life (years)	2 years 6 months 21 days
Stock Options Exercisable | shares	11,250
Weighted Average Exercise Price	$ 1.80
Exercise Price Two [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	353,037
Weighted Average Remaining Contractual Life (years)	1 year 5 months 12 days
Stock Options Exercisable | shares	341,787
Weighted Average Exercise Price	$ 3.02
Exercise Price Three [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	367,450
Weighted Average Remaining Contractual Life (years)	2 years 1 month 17 days
Stock Options Exercisable | shares	334,325
Weighted Average Exercise Price	$ 4.48
Exercise Price Four [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	5,000
Weighted Average Remaining Contractual Life (years)	1 year 18 days
Stock Options Exercisable | shares	5,000
Weighted Average Exercise Price	$ 7.50
Exercise Price Five [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	23,000
Weighted Average Remaining Contractual Life (years)	11 months 26 days
Stock Options Exercisable | shares	23,000
Weighted Average Exercise Price	$ 8.10
Bottom of range [member] | Exercise Price One [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	0
Bottom of range [member] | Exercise Price Two [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	2
Bottom of range [member] | Exercise Price Three [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	4
Bottom of range [member] | Exercise Price Four [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	6
Bottom of range [member] | Exercise Price Five [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	8
Top of range [member] | Exercise Price One [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	1.99
Top of range [member] | Exercise Price Two [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	3.99
Top of range [member] | Exercise Price Three [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	5.99
Top of range [member] | Exercise Price Four [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	7.99
Top of range [member] | Exercise Price Five [Member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 9.99

SCHEDULE OF SHARE BASED COMPENS

SCHEDULE OF SHARE BASED COMPENSATION EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
IfrsStatementLineItems [Line Items]
Share-based compensation expenses	$ 188	$ 765
Stock Options [Member]
IfrsStatementLineItems [Line Items]
Share-based compensation expenses	38	203
Restricted Stock Units (RSUs) [Member]
IfrsStatementLineItems [Line Items]
Share-based compensation expenses	115	141
Deferred Stock Units (DSUs) [Member]
IfrsStatementLineItems [Line Items]
Share-based compensation expenses	$ 35	$ 421

CONVERTIBLE DEBENTURES (Details

CONVERTIBLE DEBENTURES (Details Narrative) $ / shares in Units, $ in Thousands, $ in Thousands	Jul. 30, 2020USD ($)shares	Jul. 30, 2020CAD ($)shares	Mar. 31, 2022USD ($)	Mar. 31, 2022CAD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021CAD ($)	Dec. 31, 2021USD ($)		Dec. 31, 2021CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Jun. 30, 2022$ / shares	Jul. 30, 2020CAD ($)$ / sharesshares
IfrsStatementLineItems [Line Items]
Convertible debentures, interest payable settled with shares							$ (1,433)	[1]	$ (1,791)
Interest expense on debt instruments issued			$ 822	$ 1,041			3,427		4,294
Secured Convertible Debentures [Member]
IfrsStatementLineItems [Line Items]
Proceeds from convertible debentures | $		$ 17,910
Debt term	36 months	36 months
Debt conversion price													$ 5.30
Debt annual interest rate	5.75%												5.75%
Debt effective annual rate	10.00%												10.00%
Warrants to purchase common stock | shares	1,006,542												1,006,542
Warrant exercise price													$ 5.75
Warrant expiration date	Jul. 30, 2023	Jul. 30, 2023
Proceeds from debentures	$ 12,800	$ 17,100
Transaction costs	572	$ 768
Fair value of debt	6,298												$ 8,459
Residual portion of convertible option	4,751												6,382
Deferred tax recovery	$ 1,713												$ 2,301
Convertible debentures, interest payable settled with shares					$ 727	$ 888	$ 706		$ 903	$ 588	$ 754
Secured Convertible Debentures [Member] | Broker Warrant [Member]
IfrsStatementLineItems [Line Items]
Warrant exercise price													$ 5.75
Warrant expiration date	Jul. 30, 2023	Jul. 30, 2023
Warrants granted | shares	136,887	136,887
Secured Convertible Debentures [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Debt conversion price												$ 12.50
[1]	The Company elected to pay the December 31, 2020, June 30, 2021 and December 31, 2021 interest payments on the Debentures (Note 7) in common shares valued at C$ 754 588 888 727 903 706

SCHEDULE OF PROVISION FOR LITIG

SCHEDULE OF PROVISION FOR LITIGATION (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Opening balance		$ 22,162
Provision recognized			22,282
Transfer from accruals			243
Interest		1	1
Exchange differences	[1]	30	(364)
Closing balance		$ 22,193	$ 22,162
[1]	Exchange differences include unrealized foreign exchange gain ($ 605 294 635 658

SCHEDULE OF PROVISION FOR LIT_2

SCHEDULE OF PROVISION FOR LITIGATION (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Unrealized foreign exchange gain (loss)	$ 605	$ 294
Currency translation adjustment gain (loss)	$ 635	$ 658

SCHEDULE OF RECOGNIZED AMOUNTS

SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Concentrate revenue from contracts with customers	$ 7,757	$ 9,844
Provisional pricing adjustments on concentrate sales	739	(63)
Total revenue	$ 8,496	$ 9,781

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
IfrsStatementLineItems [Line Items]
Total revenue	$ 8,496	$ 9,781
Concentrate Revenues From Contracts With Customers Silver [Member]
IfrsStatementLineItems [Line Items]
Total revenue	4,498	6,601
Concentrate Revenues From Contracts With Customers Lead [Member]
IfrsStatementLineItems [Line Items]
Total revenue	1,138	1,313
Concentrate Revenues From Contracts With Customers Zinc [Member]
IfrsStatementLineItems [Line Items]
Total revenue	$ 2,860	$ 1,867

SCHEDULE OF COST OF SALES (Deta

SCHEDULE OF COST OF SALES (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Direct mining and milling costs	[1]	$ 5,442	$ 6,456
Changes in inventories	[2]	193	(303)
Depletion and amortization		2,278	1,790
Cost of sales		$ 7,913	$ 7,943
[1]	Direct mining and milling costs include personnel, general and administrative, fuel, electricity, maintenance and repair costs as well as operating supplies, external consulting and transport fees.
[2]	Changes in inventories reflect the net cost of ore and concentrate (i) sold during the current period but produced in a previous period (an addition to direct mining and milling costs) or (ii) produced but not sold in the current period (a deduction from direct mining and milling costs).

SCHEDULE OF ADMINISTRATIVE EXPE

SCHEDULE OF ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Office and overhead	$ 561	$ 606
Salaries and wages	371	712
Corporate development and legal	60	68
Public company costs	33	57
Administrative expenses	$ 1,025	$ 1,443

SCHEDULE OF OTHER EXPENSES (Det

SCHEDULE OF OTHER EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair value loss on marketable securities	$ 43	$ 469
Fair value loss on purchase warrants	17	74
Unrealized foreign exchange (gain) loss	(515)	132
Realized foreign exchange gain	(23)	(63)
Interest and other expenses	78	48
Insurance proceeds received	(592)
Management fee income (Note 5)		(9)
Other (income) expenses	$ (992)	$ 651

SCHEDULE OF EXPLORATION AND HOL

SCHEDULE OF EXPLORATION AND HOLDING EXPENSES (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
IfrsStatementLineItems [Line Items]
Exploration and holding expenses		$ 1,116	$ 1,073
Platosa Property (Mexico) [Member]
IfrsStatementLineItems [Line Items]
Exploration and holding expenses		231	369	[1]
Holding costs		51	49
Evolucion (Mexico) [Member]
IfrsStatementLineItems [Line Items]
Exploration and holding expenses		40	90
Holding costs		85	72
Silver City (Germany) [Member]
IfrsStatementLineItems [Line Items]
Exploration and holding expenses		478	204
Holding costs	[2]
Kilgore (USA) [Member]
IfrsStatementLineItems [Line Items]
Exploration and holding expenses		231	289
Holding costs
[1]	Platosa property exploration excludes underground drilling at the Platosa Mine which is capitalized to Property, plant and equipment (Note 4).
[2]	There are no annual fees associated with exploration licenses in Saxony, Germany. See Note 5 for capitalized earn-in payments under the Globex Agreement.

SCHEDULE OF FINANCE EXPENSES (D

SCHEDULE OF FINANCE EXPENSES (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Interest expense on financial liabilities held for trading	[1]	$ 822	$ 648
Interest expense - other		31	30
Rehabilitation provision - accretion		31	18
Post-retirement benefits - accretion	[2]	31	8
Unrealized loss on currency hedges			21
Finance expenses		915	725
Interest expense		200	200
Additional accretion on debentures		622	$ 448
Retirement benefit		$ 156		$ 199
[1]	The Debentures are recorded at amortized cost and accreted to the principal amount over the term of the Debentures (Note 7). For the three months ended March 31, 2022, $ 200 200 622 448
[2]	Reflects the discounting of post-retirement benefit liabilities. The post-retirement benefit accretion presented in Note 6 includes current service cost accretion of $ 156 199

PROVISION FOR LITIGATION (Detai

PROVISION FOR LITIGATION (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Sep. 30, 2021	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Provision for legal litigation		$ 22,175	$ 22,175
Assets	$ 38,136		41,560
Property, plant and equipment	7,380		$ 9,044
San Pedro [Member]
IfrsStatementLineItems [Line Items]
Assets	2,500
Property, plant and equipment	800
Value added tax recoverable	1,300
Other financial assets	$ 400
Platosa Project Net Smelter Return [Member]
IfrsStatementLineItems [Line Items]
Minimum payment for plaintiff	$ 2.5
Interest rate of plaintiff	3.00%
Payment for royalty	$ 500
Description of plaintiff an award of damages	The Plaintiff was initially awarded damages of $700 in the court of first instance in Torreón, Coahuila. Both San Pedro and the Plaintiff appealed the decision to the Second District State Court in the Judicial District of Torreón. That Court confirmed the initial decision but, subsequently, pursuant to an order obtained by the Plaintiff, granted the Plaintiff an award of $22,175 (the “Judgment”), which in the view of management is multiple times greater than any income the applicable NSR royalty could produce even in the event of commercial production. San Pedro’s appeal of this decision to the federal courts of Mexico was dismissed on July 1, 2021, a decision that was formally communicated to the Company in August 2021, and as the Judgment is not subject to further legal appeal in Mexico, the Company recorded a Provision for litigation of $22,175 in Q3, 2021.

SCHEDULE OF THREE LEVELS OF FAI

SCHEDULE OF THREE LEVELS OF FAIR VALUE HIERARCHY (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total	$ 653	$ 780
Level 1 of fair value hierarchy [member] | Marketable Securities [Member]
IfrsStatementLineItems [Line Items]
Total	142	407
Level 2 of fair value hierarchy [member] | Warrants [Member]
IfrsStatementLineItems [Line Items]
Total	31	47
Level 2 of fair value hierarchy [member] | Trade receivables [member]
IfrsStatementLineItems [Line Items]
Total	$ 480	$ 326

SCHEDULE OF SEGMENT REPORTING (

SCHEDULE OF SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Property, plant and equipment	$ 7,380		$ 9,044
Additions - Property, plant and equipment	431		7,961
Mineral rights	20,138		20,273
Additions - Mineral rights			459
Total assets	38,136		41,560
Total liabilities	44,871		46,047
Revenue	8,496	$ 9,781
Cost of sales	(7,913)	(7,943)
Exploration and holding expenses	1,116	1,073
Other expenses	(992)	651
Finance expenses	915	725
Net loss	(1,700)	(2,922)
General and administrative expenses	1,311	2,342
Income tax recovery	(67)	(31)
Corporates [Member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment	399		509
Additions - Property, plant and equipment			30
Mineral rights	20,011		20,080
Additions - Mineral rights			459
Total assets	25,231		26,251
Total liabilities	12,585		11,874
Exploration and holding expenses	(709)	(493)
Other expenses	(1,003)	(1,172)
Finance expenses	(832)	(680)
Net loss	(3,788)	(4,656)
General and administrative expenses	(1,311)	(2,342)
Income tax recovery	67	31
Mexico [Member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment	6,981		8,535
Additions - Property, plant and equipment	431		7,931
Mineral rights	127		193
Additions - Mineral rights
Total assets	12,905		15,309
Total liabilities	32,286		$ 34,173
Revenue	8,496	9,781
Cost of sales	(7,913)	(7,943)
Exploration and holding expenses	(407)	(580)
Other expenses	1,995	521
Finance expenses	(83)	(45)
Net loss	$ 2,088	$ 1,734