EMX Royalty (EMX) 40-F 31 Mar 20 2019 FY Annual report (Canada) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2019shares
Document and Entity Information [Abstract]
Document Type	40-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Entity Registrant Name	EMX Royalty Corp
Entity Central Index Key	0001285786
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	82,554,760
Entity Current Reporting Status	Yes
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current
Cash and cash equivalents	$ 68,994	$ 86,175
Restricted cash	1,760
Investments	5,494	1,536
Notes receivable	1,372
Trade and settlement receivables, and other assets	981	7,506
Prepaid expenses	309	32
Total current assets	78,910	95,249
Non-current
Restricted cash	187	619
Property and equipment	644	466
Notes receivable		478
Strategic investments	4,613	33
Exploration and evaluation assets	1,546	1,613
Royalty interest	13,488	14,346
Reclamation bonds	732	444
Deferred income tax asset	2,107	1,604
Total non-current assets	23,317	19,603
TOTAL ASSETS	102,227	114,852
Current
Accounts payable and accrued liabilities	1,328	5,731
Advances from joint venture partners	2,404	616
TOTAL LIABILITIES	3,732	6,347
SHAREHOLDERS' EQUITY
Capital stock	128,776	125,231
Reserves	25,063	24,798
Deficit	(55,344)	(41,524)
TOTAL SHAREHOLDERS' EQUITY	98,495	108,505
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 102,227	$ 114,852

CONSOLIDATED STATEMENTS OF (LOS

CONSOLIDATED STATEMENTS OF (LOSS) INCOME - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Statement
REVENUE AND OTHER INCOME	$ 5,084	$ 3,536
COSTS AND EXPENSES
General and administrative	5,127	3,109
Project and royalty generation costs, net	8,446	6,185
Depletion, depreciation, and direct royalty taxes	844	1,824
Share-based payments	1,245	1,032
TOTAL COSTS AND EXPENSES	15,662	12,150
Loss from operations	(10,578)	(8,614)
Change in fair value of fair value through profit or loss assets	362	(1,832)
Gain (loss) on sale of marketable securities	61	(217)
Equity loss in associated entity		80,311
Foreign exchange (loss) gain	(3,646)	3,483
Interest and other finance charges, net of settlement gains		(337)
Impairment of royalty interest		(7,256)
Impairment of accounts receivable	(434)
Discretionary success bonuses		(5,224)
Writedown of goodwill		(1,879)
Income (loss) before income taxes	(14,235)	58,435
Deferred income tax recovery	415	3,683
Income (loss) for the year	$ (13,820)	$ 62,118
Basic earnings (loss) per share (in dollars per share)	$ (0.17)	$ 0.78
Diluted earnings (loss) per share (in dollars per share)	$ (0.17)	$ 0.77
Weighted average no. of shares outstanding - basic (in shares)	81,801,575	79,979,320
Weighted average no. of shares outstanding - diluted (in shares)	81,801,575	80,653,474

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement of Income and Comprehensive Income
Income (loss) for the year	$ (13,820)	$ 62,118
Other comprehensive income (loss)
Change in fair value of strategic investments		(49)
Currency translation adjustment	(533)	1,209
Comprehensive income (loss) for the year	$ (14,353)	$ 63,278

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Income (loss) for the year	$ (13,820)	$ 62,118
Items not affecting operating activities:
Interest income received	(1,612)	(211)
Unrealized foreign exchange effect on cash and cash equivalents	3,476	(3,696)
Items not affecting cash:
Change in fair value of fair value through profit or loss assets	(362)	1,832
Share - based payments	2,240	1,821
Deferred income tax recovery	(415)	(3,683)
Depreciation	21	11
Depletion	802	1,732
Interest income, finance charges, net of settlement gains (losses)	(94)	(274)
Gains (losses) in an associated company, net of dilution gains (losses) and loss on derecognition		(80,310)
Writedown of goodwill		1,879
Realized (gain) loss on sale of investments	(61)	217
Impairment of accounts receivable	434
Impairment of royalty interest		7,256
Gain on acquisition and sale of exploration and evaluation assets	(849)	(397)
Option payments - shares received	(150)
Unrealized foreign exchange (gain) loss	(5)	(332)
Cash flows from (used in) operations before changes in working capital	(10,395)	(12,037)
Changes in non-cash working capital items	(3,081)	6,081
Total cash used in operating activities	(13,476)	(5,956)
Cash flows from investing activities
Option payments received	67	229
Interest received on cash and cash equivalents	1,612	211
Distributions from investments, net	4,952	84,247
Proceeds from credit facility and loan repayments received		48,809
Repayment of credit facility and loan distributions		(48,027)
Purchase fair value through profit and loss investments, net	(2,536)	1,084
Purchase fair value through other comprehensive income investments	(4,580)
Notes receivable	(800)
Investments in associated entity		(1,781)
Restricted cash		153
Acquisition of royalty interests	(560)
Purchase and sale of property and equipment, net	(199)	(27)
Reclamation bonds	(288)	72
Total cash provided by (used in) investing activities	(2,332)	84,970
Cash flows from financing activities
Proceeds from Sprott facility		6,298
Repayment of Sprott credit facility		(6,553)
Proceeds from exercise of options	2,103	186
Total cash provided by (used in) financing activities	2,103	(69)
Effect of exchange rate changes on cash and cash equivalents	(3,476)	3,696
Change in cash and cash equivalents	(17,181)	82,641
Cash and cash equivalents, beginning	86,175	3,534
Cash and cash equivalents, ending	$ 68,994	$ 86,175

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - CAD ($) $ in Thousands	Capital stock [Member]	Commitment to issue shares [Member]	Share-based payments [Member]	Accumulated other comprehensive gain (loss) [Member]	Deficit [Member]	Total
Beginning Balance at Dec. 31, 2017	$ 124,062	$ 24	$ 13,434	$ 9,234	$ (104,383)	$ 42,371
Beginning Balance (Shares) at Dec. 31, 2017						79,725,187
Adoption of IFRS 9				(741)	741
Shares issued pursuant to a loan agreement	602					$ 602
Shares issued pursuant to a loan agreement (shares)						381,321
Shares issued for exercise of stock options	186					$ 186
Shares issued for exercise of stock options (shares)						192,500
Share-based payments	291	$ (24)	1,572			$ 1,839
Share-based payments (Shares)						226,047
Reclass of reserves for exercise of options	90		(90)
Reclass of reserves for options forfeited			(18)			$ (18)
Equity investment share-based payments			247			247
Foreign currency translation adjustment				1,209		1,209
Change in fair value of financial instruments				(49)		(49)
Income (Loss) for the year					62,118	62,118
Ending Balance at Dec. 31, 2018	125,231		15,145	9,653	(41,524)	$ 108,505
Ending Balance (Shares) at Dec. 31, 2018						80,525,055
Shares issued for exercise of stock options	2,103					$ 2,103
Shares issued for exercise of stock options (shares)						1,790,300
Share-based payments	407		1,833			$ 2,240
Share-based payments (Shares)						239,405
Reclass of reserves for exercise of options	1,035		(1,035)
Foreign currency translation adjustment				(533)		$ (533)
Income (Loss) for the year					(13,820)	(13,820)
Ending Balance at Dec. 31, 2019	$ 128,776		$ 15,943	$ 9,120	$ (55,344)	$ 98,495
Ending Balance (Shares) at Dec. 31, 2019						82,554,760

NATURE OF OPERATIONS AND GOING

NATURE OF OPERATIONS AND GOING CONCERN	12 Months Ended
	Dec. 31, 2019
Nature Of Operations And Going Concern [Abstract]
NATURE OF OPERATIONS AND GOING CONCERN [Text Block]	1. NATURE OF OPERATIONS AND GOING CONCERN EMX Royalty Corporation (the “Company” or “EMX”), together with its subsidiaries operates as a royalty and prospect generator engaged in the exploring for, and generating royalties from, metals and minerals properties. The Company’s royalty and exploration portfolio mainly consists of properties in North America, Turkey, Europe, Haiti, Australia, and New Zealand. The Company’s common shares are listed on the TSX Venture Exchange (“TSX-V”) and the NYSE American under the symbol of “EMX”. The Company’s head office is located at 501 - 543 Granville Street, Vancouver, British Columbia, Canada V6C 1X8. These consolidated financial statements have been prepared using International Financial Reporting Standards (“IFRS”) applicable to a going concern, which assumes that the Company will be able to realize its assets, discharge its liabilities and continue in operation for the following twelve months. Some of the Company’s activities for royalty generation are located in emerging nations and, consequently, may be subject to a higher level of risk compared to other developed countries. Operations, the status of mineral property rights and the recoverability of investments in emerging nations can be affected by changing economic, legal, regulatory and political situations. These consolidated financial statements of the Company are presented in Canadian dollars unless otherwise noted, which is the functional currency of the parent company and its subsidiaries except as to Bullion Monarch Mining, Inc. (“BULM”), the holder of a royalty income stream whose functional currency is the United States (“US”) dollar.

STATEMENT OF COMPLIANCE AND SUM

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Statement Of Compliance And Summary Of Significant Accounting Policies [Abstract]
STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	2. STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Statement of Compliance These consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”). These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments classified as fair value through profit or loss and fair value through other comprehensive income, which are stated at their fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. Summary of Significant Accounting Policies Basis of Consolidation The consolidated financial statements comprise the accounts of EMX Royalty Corp., the parent company, and its controlled subsidiaries, after the elimination of all significant intercompany balances and transactions. Subsidiaries Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases. The accounts of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Inter-company transactions, balances and unrealized gains or losses on transactions are eliminated. The Company’s principal operating subsidiaries are as follows: Name Place of Incorporation Ownership Percentage Bullion Monarch Mining, Inc Utah, USA 100% EMX (USA) Services Corp. Nevada, USA 100% Bronco Creek Exploration Inc. Arizona, USA 100% EMX - NSW1 PTY LTD. Australia 100% EMX Broken Hill PTY LTD. Australia 100% Eurasia Madencilik Ltd. Sirketi Turkey 100% Eurasian Minerals Sweden AB Sweden 100% Viad Royalties AB Sweden 100% EV Metals AB Sweden 100% EMX Finland OY Findland 100% EMX Norwegian Services AS Norway 100% Functional and Reporting Currency The functional currency is the currency of the primary economic environment in which the entity operates. The functional currency for the Company and its subsidiaries is the Canadian dollar except the functional currency of the operations of Bullion Monarch which is the US dollar. The functional currency determinations were conducted through an analysis of the consideration factors identified in IAS 21, The Effects of Changes in Foreign Exchange Rates. Translation of transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are re-measured. Monetary assets and liabilities denominated in foreign currencies are re-measured at the rate of exchange at each financial position date. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in profit or loss. On translation of the entities whose functional currency is other than the Canadian dollar, revenues and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Assets and liabilities are translated at the rate of exchange at the reporting date. Exchange gains and losses, including results of re-translation, are recorded in the foreign currency translation reserve. Financial instruments The Company’s financial instruments consist of cash and cash equivalents, short term and long term restricted cash, investments, strategic investments, notes receivable, trade receivables, reclamation bonds, accounts payable and accrued liabilties, and advances from joint venture partners. All financial instruments are initially recorded at fair value and designated as follows: Cash and cash equivalents, restricted cash, trade receivables, and notes receivable, and reclamation bonds which are classified as financial assets at amortized cost and accounts payable and accrued liabilities and advances from joint venture partners are classified as financial liabilities at amortized cost. Both financial assets at amortized cost and financial liabilities at amortized cost are measured at amortized cost using the effective interest method. Investments in common shares and warrants are classified as fair value through profit or loss (“FVTPL”). These warrants are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized in profit or loss under the classification of change in fair value of fair value through profit or loss assets. Strategic investments in common shares are held for longterm strategic purposes and not for trading. The Company has made an irrevocable election to designate these investments as fair value through other comprehensive income (“FVTOCI”) in order to provide a more meaningful presentation based on management’s intention, rather than reflecting changes in fair value in profit or loss. Such investments are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of other comprehensive income under the classification of gain (loss) on changes in fair value of strategic investments. Cumulative gains and losses are not subsequently reclassified to profit or loss. Transaction costs on initial recognition of financial instruments classified as FVTPL are expensed as incurred. Transaction costs incurred on initial recognition of financial instruments classified as amortized cost are recognized at their fair value amount and offset against the related asset or liability. Financial assets are derecognized when the contractual rights to the cash flows from the asset expire. Financial liabilities are derecognized only when the Company’s obligations are discharged, cancelled or they expire. On derecognition, the difference between the carrying amount (measured at the date of derecognition) and the consideration received (including any new asset obtained less any new liability obtained) is recognized in profit or loss. Impairment The Company assesses all information available, including on a forward-looking basis, the expected credit losses associated with its assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. To assess whether there is a significant increase in credit risk, the Company compares the risk of a default occurring on the asset as the reporting date, with the risk of default as at the date of initial recognition, based on all information available, and reasonable and supportive forward-looking information. Investments in Associated Companies The Company accounts for its long-term investments in affiliated companies over which it has significant influence using the equity basis of accounting, whereby the investment is initially recorded at cost, adjusted to recognize the Company’s share of earnings or losses and reduced by dividends received. The Company assesses its equity investments for impairment if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the equity investment and that the event or events has an impact on the estimated future cash flow of the investment that can be reliably estimated. Objective evidence of impairment of equity investments includes: • • • Exploration and evaluation assets and exploration expenditures Acquisition costs for exploration and evaluation assets, net of recoveries, are capitalized on a property-by-property basis. Acquisition costs include cash consideration and the value of common shares, issued for exploration and evaluation assets pursuant to the terms of the agreement. Exploration expenditures, net of recoveries, are charged to operations as incurred. After a property is determined by management to be commercially feasible, an impairment test is conducted and subsequent development expenditures on the property will be capitalized. When there is little prospect of further work on a property being carried out by the Company or its partners, when a property is abandoned, or when the capitalized costs are no longer considered recoverable, the related property costs are written down to management’s estimate of their net recoverable amount. The costs related to a property from which there is production, together with the costs of production equipment, will be depleted and amortized using the unit-of-production method. An exploration and evaluation asset acquired under an option agreement, where payments are made at the sole discretion of the Company, is capitalized at the time of payment. Option payments received are treated as a reduction of the carrying value of the related acquisition cost for the mineral property until the payments are in excess of acquisition costs, at which time they are then credited to profit or loss. Option payments are at the discretion of the optionee and, accordingly, are accounted for when receipt is reasonably assured. Royalty interests Royalty interests consist of acquired royalty interests pursuant to purchase agreements. These interests are recorded at cost and capitalized as tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation costs that are not related to a specific agreement are expensed in the period incurred. On acquisition of a royalty interest, an allocation of its cost is attributed to the exploration potential of the interest and is recorded as an asset on the acquisition date. The value of the exploration potential is accounted for in accordance with IFRS 6, Exploration and Evaluation of Mineral Resources and is not depleted until such time as the technical feasibility and commercial viability have been established at which point the value of the asset is accounted for in accordance with IAS 16, Property, Plant and Equipment. Acquisition costs of production stage royalty interests are depleted using the units of production method over the life of the related mineral property, which is calculated using estimated reserves. Acquisition costs of royalty interests on exploration stage mineral properties, where there are no estimated reserves, are not amortized. At such time as the associated exploration stage mineral interests are converted to estimated reserves, the cost basis is amortized over the remaining life of the mineral property, using the estimated reserves. The carrying values of exploration stage mineral interests are evaluated for impairment at such time as information becomes available indicating that production will not occur in the future. Goodwill Goodwill represents the excess of the price paid for the acquisition of a consolidated entity over the fair value of the net identifiable tangible and intangible assets and liabilities acquired in a business combination. Goodwill is allocated to the cash generating unit to which it relates. Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined by assessing if the carrying value of a cash generating unit, including the allocated goodwill, exceeds its recoverable amount. Property and equipment Property and equipment is recorded at cost. Buildings are depreciated using a 5 year straightline method. Equipment is depreciated over its estimated useful life using the declining balance method at a rate of 20% per annum. Depreciation on equipment used directly on exploration projects is included in exploration expenditures for that mineral property. Decommissioning liabilities Decommissioning liabilities are recognized for the expected obligations related to the retirement of long-lived tangible assets that arise from the acquisition, construction, development or normal operation of such assets. A decommissioning liability is recognized in the period in which it is incurred and when a reasonable estimate of the fair value of the liability can be made with a corresponding decommissioning cost recognized by increasing the carrying amount of the related long-lived asset. The decommissioning cost is subsequently allocated in a rational and systematic method over the underlying asset’s useful life. The initial fair value of the liability is accreted, by charges to profit or loss, to its estimated future value. Environmental disturbance restoration During the operating life of an asset, events such as infractions of environmental laws or regulations may occur. These events are not related to the normal operation of the asset and are referred to as environmental disturbance restoration provisions. The costs associated with these provisions are accrued and charged to profit or loss in the period in which the event giving rise to the liability occurs. Any subsequent adjustments to these provisions due to changes in estimates are also charged to profit or loss in the period of adjustment. These costs are not capitalized as part of the long-lived assets’ carrying value. Impairment of assets Events or changes in circumstances can give rise to significant impairment charges or reversals of impairment in a particular year. The Company assesses its cash generating units annually to determine whether any indication of impairment exists. Where an indicator of impairment exists, an estimate of the recoverable amount is made, which is the higher of the fair value less costs to sell and value in use. The determination of the recoverable amount for value in use requires the use of estimates and assumptions such as long-term commodity prices, discount rates, future capital requirements, exploration potential and future operating performance. Fair value is determined as the amount that would be obtained from the sale of the asset in an arm’s length transaction between knowledgeable and willing parties. Cash and cash equivalents Cash and cash equivalents include cash on hand, bank deposits and short-term, highly liquid investments that are readily convertible to known amounts of cash. Share-based payments Share-based payments include option and stock grants granted to directors, employees and non-employees. The Company accounts for share-based compensation using a fair value based method with respect to all share-based payments measured and recognized, to directors, employees and non-employees. For directors and employees, the fair value of the options and stock grants is measured at the date of grant. For non-employees, the fair value of the options and stock are measured at the fair value of the goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. For directors, employees and non-employees, the fair value of the options and stock grants is accrued and charged to operations, with the offsetting credit to share based payment reserve for options, and commitment to issue shares for stock grants over the vesting period. If and when the stock options are exercised, the applicable amounts are transferred from share-based payment reserve to share capital. When the stock grants are issued, the applicable fair value is transferred from commitment to issue shares to share capital. Option based compensation awards are calculated using the Black-Scholes option pricing model while stock grants are valued at the fair value on the date of grant. The Company has granted certain employees and non-employess restricted share units (“RSUs”) to be settled in shares of the Company. The fair value of the estimated number of RSUs that will eventually vest, determined at the date of grant, is recognized as share-based compensation expense over the vesting period, with a corresponding amount recorded as equity. The fair value of the RSUs is estimated using the market value of the underlying shares as well as assumptions related to the market and non-market conditions at the grant date. Income taxes Income tax expense consists of current and deferred tax. Income tax expense is recognized in profit or loss except to the extent that it relates to items recognized directly in equity. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is calculated providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable income nor loss. In addition, deferred tax is not recognized for taxable temporary differences arising on the initial recognition of goodwill. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. A deferred tax asset is recognized to the extent that it is probable that future taxable income will be available against which the temporary difference can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Income (loss) per share The Company presents basic earnings (loss) per share data for its common shares, calculated by dividing the income (loss) attributable to equity holders of the Company by the weighted average number of common shares issued and outstanding during the period. Diluted earnings per share is calculated by adjusting the earnings attributable to equity holders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares. The calculation of diluted earnings per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period. In periods where a loss is reported, diluted loss per share is the same as basic loss per share as the effects of potentially dilutive common shares would be anti-dilutive. Existing stock options and share purchase warrants are not included in the income (loss) per share computation of diluted income (loss) per share if inclusion would be anti-dilutive. For the years presented in which the inclusion of stock options and warrants would be anti-dilutive, the basic and diluted losses per share are the same. Valuation of equity units issued in private placements The Company has adopted a residual value method with respect to the measurement of shares and warrants issued as private placement units. The residual value method first allocates value to the more easily measurable component based on fair value and then the residual value, if any, to the less easily measurable component. The fair value of the common shares issued in private placements is determined to be the more easily measurable component and are valued at their fair value, as determined by the closing quoted bid price on the day prior to the issuance date. The balance, if any, is allocated to the attached warrants. Any fair value attributed to the warrants is recorded in reserves. Segment reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision- maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Chief Executive Officer. Critical Accounting Judgments and Significant Estimates and Uncertainties The preparation of the consolidated financial statements requires management to make judgments and estimates and form assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported revenue and expenses during the periods presented therein. On an ongoing basis, management evaluates its judgments and estimates in relation to assets, liabilities, royalty revenues and expenses. Management bases its judgments and estimates on historical experience and on other various factors it believes to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions and conditions. The Company has identified the following critical accounting policies in which significant judgments, estimates and assumptions are made and where actual results may differ from these estimates under different assumptions and conditions and may materially affect financial results or the financial position reported in future periods. Further details of the nature of these assumptions and conditions may be found in the relevant notes to the consolidated financial statements. a) Royalty interest and related depletion In accordance with the Company’s accounting policy, royalty interests are evaluated on a periodic basis to determine whether there are any indications of impairment. If any such indication exists, a formal estimate of recoverable amount is performed and an impairment loss recognized to the extent that carrying amount exceeds recoverable amount. The recoverable amount of a royalty asset is measured at the higher of fair value less costs to sell and value in use. The determination of fair value and value in use requires management to make estimates and assumptions about expected production and sales volumes, the proportion of areas subject to royalty rights, commodity prices (considering current and historical prices, price trends and related factors), and reserves. These estimates and assumptions are subject to risk and uncertainty; hence there is a possibility that changes in circumstances will alter these projections, which may impact the recoverable amount of the assets. In such circumstances, some or all of the carrying value of the assets may be further impaired or the impairment charge reduced with the impact recorded in profit or loss. b) Goodwill Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined by assessing if the carrying value of a cash generating unit, including the allocated goodwill, exceeds its recoverable amount. The assessment of the recoverable amount used in the goodwill impairment analysis is subject to similar judgments and estimates as described above for property and equipment and royalty interests. c) Exploration and Evaluation Assets Recorded costs of exploration and evaluation assets are not intended to reflect present or future values of exploration and evaluation assets. The recorded costs are subject to measurement uncertainty and it is reasonably possible, based on existing knowledge, that a change in future conditions could require a material change in the recognized amount. d) Taxation The Company’s accounting policy for taxation requires management’s judgment as to the types of arrangements considered to be a tax on income in contrast to an operating cost. Judgment is also required in assessing whether deferred tax assets and certain deferred tax liabilities are recognized on the statement of financial position. Deferred tax assets, including those arising from unused tax losses, capital losses and temporary differences, are recognized only where it is considered probable that they will be recovered, which is dependent on the generation of sufficient future taxable profits. Deferred tax liabilities arising from temporary differences caused principally by the expected royalty revenues generated by the royalty property are recognized unless expected offsetting tax losses are sufficient to offset the taxable income and therefore, taxable income is not expected to occur in the foreseeable future. Assumptions about the generation of future taxable profits depend on management’s estimates of future cash flows. These depend on estimates of future production and sales volumes, commodity prices, and reserves. Judgments are also required about the application of income tax legislation in foreign jurisdictions. These judgments and assumptions are subject to risk and uncertainty, hence there is a possibility that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets and deferred tax liabilities recognized on the statement of financial position and the amount of other tax losses and temporary differences not yet recognized. In such circumstances, some or the entire carrying amount of recognized deferred tax assets and liabilities may require adjustment, resulting in a corresponding credit or charge to profit or loss. Information about critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements include, but are not limited to, the following: a) Functional Currencies The functional currency of each of the Company’s subsidiaries is the currency of the primary economic environment in which the entity operates. Determination of the functional currency may involve certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions, which determined the primary economic environment. b) Classification of investments as subsidiaries, joint ventures, associated company and portfolio investments Classification of investments requires judgement as to whether the Company controls, has joint control of or significant influence over the strategic financial and operating decisions relating to the activity of the investee. In assessing the level of control or influence that the Company has over an investment, management considers ownership percentages, board representation as well as other relevant provisions in shareholder agreements. If an investor holds 20% or more of the voting power of the investee, it is presumed that the investor has significant influence, unless it can be clearly demonstrated that this is not the case. Conversely, if the investor holds less than 20% of the voting power of the investee, it is presumed that the investor does not have significant influence, unless such influence can be clearly demonstrated. Reclassification Certain comparative figures have been reclassified to conform to the current period presentation. As a result of the reclassifications, loss from operations for the year ended December 31, 2018 decreased by $1,167 as a result of including certain items previously classified as non-operating into revenue and other income including $346 related to the gain on sale of projects and $821 of interest income. There was no change to the net loss for the year then ended. Accounting Standards Adopted During the Year Leases IFRS 16, Leases was issued in January 2016 and applies to annual financial reporting periods beginning on or after January 1, 2019 and introduces new or amended requirements with respect to lease accounting. IFRS 16 introduced significant changes to lessee accounting by removing the distinction between operating and finance leases and requiring the recognition of right-of-use assets and lease liabilities at the lease commencement for all leases, except for short-term leases and leases of low value assets. In contrast to lessee accounting, the requirements for lessor accounting have remained largely unchanged. IFRS 16 has changed how the Company accounts for leases previously classified as operating leases under IAS 17, which were off-balance sheet. Applying IFRS 16 for all except for short term leases and leases of low-value assets, the Company will (i) recognize ‘right-of-use’ assets and lease liabilities in the consolidated statement of financial position, initially measured at the present value of future lease payments discounted at the incremental borrowing rate; (ii) recognize depreciation of right- of-use assets and interest on lease liabilities in the consolidated statement of loss; and (iii) separate the total amount of cash paid into a principal portion (presented within financing activities) and interest (presented within operating activities) in the consolidated statement of cash flows. For short-term leases (lease term of 12 months or less) and leases of low-value assets (such as personal computers and office furniture), the Company has opted to recognise a lease expense on a straight-line basis as permitted by IFRS 16. The Company has taken the exemptions related to short-term and low value asset leases. Exploration and evaluation assets and mineral leases are not in the scope of this standard. The adoption of IFRS 16 did not have a material effect on the consolidated financial statements.

RESTRICTED CASH

RESTRICTED CASH	12 Months Ended
	Dec. 31, 2019
Restricted Cash And Cash Equivalent Abstract
RESTRICTED CASH [Text Block]	3. RESTRICTED CASH At December 31, 2019, the Company classified $1,947 (December 31, 2018 - $619) as restricted cash. This amount is comprised of $187 (December 31, 2018 - $196) held as collateral for its corporate credit cards, $Nil (December 31, 2018 - $86) held in trust to be used to offset loan fees, and $1,760 (2018 - $337) cash held by wholly-owned subsidiaries of the Company whose full amount is for use and credit to the Company’s exploration venture partners in the USA, Sweden, Norway, and Finland pursuant to expenditure requirements for ongoing option agreements. Partner advances expected to be used within the following 12 months are included with current assets.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2019
Disclosure Of Investments [Abstract]
INVESTMENTS [Text Block]	4. INVESTMENTS At December 31, 2019 and December 31, 2018, the Company had the following investments: Accumulated December 31, 2019 Cost unrealized (loss) gain Fair value Fair value through profit or loss Marketable securities $ 3,915 $ (767 ) $ 3,148 Warrants 314 515 829 Private company investments 1,961 (444 ) 1,517 Total fair value through profit or loss 6,190 (696 ) 5,494 Fair value through other comprehensive income Marketable securities 910 (877 ) 33 Private company investments 4,580 - 4,580 Total fair value through other comprehensive income 5,490 (877 ) 4,613 Total investments $ 11,680 $ (1,573 ) $ 10,107 Accumulated December 31, 2018 Cost unrealized loss Fair value Fair value through profit or loss Marketable securities $ 1,683 $ (1,058 ) $ 625 Private company investments 911 - 911 Total fair value through profit or loss 2,594 (1,058 ) 1,536 Fair value through other comprehensive income Marketable securities 910 (877 ) 33 Total fair value through other comprehensive income 910 (877 ) 33 Total investments $ 3,504 $ (1,935 ) $ 1,569 On February 20, 2019, the Company acquired through a private placement, 1,995,672 units of Boreal Metals Corp. (“Boreal”; TSX-V: BMX) for $190 or $0.095 per unit. Each unit consisted of one common share and one warrant to purchase a further common share. At December 31, 2019 the fair value of warrants were estimated using the Black-Scholes option pricing model with weighted average assumptions as follows: risk-free interest rate of 1.69%, dividend yield of 0%, volatility of 112%, forfeiture rate of 0%, and an expected life of 1.1 years. During the year ended December 31, 2019 the Company acquired an additional 2,226,000 common shares of Boreal Metals Corp. in the open market at a price of $0.05 per share ($107). On April 25, 2019, the Company acquired a 1% NSR royalty on certain claims held by Millrock Resources Inc ("Millrock") (TSX Venture: MRO, OTCQX: MLRKF) as part of a private placement and royalty creation agremeent. Pursuant to the investment, in addition to the royalty interests EMX acquired 7,142,857 units of Millrock for $1,000 or $0.14 per unit. Each unit consists of one common share of Millrock and one share purchase warrant. Each warrant entitles the Company to purchase one additional common share of Millrock until December 14, 2021 at an escalating exercise price ($0.14 until December 14, 2019; $0.17 from December 15, 2019 until December 14, 2020; and $0.20 from December 15, 2020 until December 14, 2021). The weighted average assumptions used for fair valuing the warrants at Decmber 31, 2019 were as follows: risk-free interest rate of 1.70%, dividend yield of 0%, volatility of 127%, forfeiture rate of 0%, and an expected life of 1.64 years. In July 2019, the company acquired an additional 1,300,000 units of Millrock for $98 or $0.075 per unit through a non- brokered private placement . Each unit consists of one common share of Millrock and one share purchase warrant. Each warrant entitles the Company to purchase one additional common share of Millrock until December 14, 2021 at an escalating exercise price ($0.14 until December 14, 2019; $0.17 from December 15, 2019 until December 14, 2020; and $0.20 from December 15, 2020 until December 14, 2021). At December 31, 2019 the fair value of the warrants was determined using the Black-Scholes option pricing model with the following weighted average assumptions: risk-free interest rate of 1.70%, dividend yield of 0%, volatility of 127%, forfeiture rate of 0%, and an expected life of 1.64 years. In June 2019, pursuant to a purchase agreement to acquire royalty interests from Corvus Gold Inc. ("Corvus") (TSX: KOR, OTCQX: CORVF) for $350 (Note 11), the Company made an equity investment of $900 in Corvus through a private placement financing. In July 2019, the Company acquired 1,000,000 common shares of GlobeTrotters Resource Group Inc. a private Canadian exploration company at a price of $0.50 per share (total investment - $500). On December 19, 2019, EMX acquired a 19.9% interest in Rawhide Acquistion Holding, LLC (“RAH”), a privately-held Delaware company that owns the Rawhide gold-silver mining operation through wholly-owned subsidiary Rawhide Mining LLC for a total purchase price of $4,581 (US$3,519). Commercial terms of the agreement include RAH distributing 50% of its taxable income to the LLC members on a quarterly basis and EMX is entitled to nominate one manager on the RAH management committee.

RECEIVABLES

RECEIVABLES	12 Months Ended
	Dec. 31, 2019
Trade and other receivables [abstract]
RECEIVABLES [Text Block]	5. RECEIVABLES The Company’s receivables are related to distributions expected from investments, sale of foreign subsidiaries, royalty receivable, goods and services tax and harmonized sales taxes receivable from government taxation authorities, and recovery of royalty generation costs from project partners. As at December 31, 2019 and December 31, 2018, the current receivables were as follows: Category December 31, 2019 December 31, 2018 Distribution receivable from an investment in an associated entity (Note 8) $ - $ 5,451 Sale of Akarca - 903 Loan fees - 187 Royalty income receivable 15 145 Refundable taxes 174 176 Recoverable exploration expenditures and advances 460 264 Other 332 380 Total $ 981 $ 7,506 During the year ended December 31, 2019 the Company received $4,952 (US$3,743) distributions owing from IGC related to the sale of Malmyzh. Included in the change in value through profit or loss assets is $Nil (2018 - $109) related to the Akarca receivable balance as a result of the derivative components of the receivable balance being the expected gold price to be realized. The carrying amounts of the Company’s current receivables are denominated in the following currencies: Currency December 31, 2019 December 31, 2018 Canadian Dollars $ 158 $ 484 US Dollars 453 6,934 Swedish Krona 370 72 Other - 16 Total $ 981 $ 7,506

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
Disclosure of detailed information about property, plant and equipment [abstract]
PROPERTY AND EQUIPMENT [Text Block]	6. PROPERTY AND EQUIPMENT During the year ended December 31, 2019 depreciation of $21 (2018 - $11) has been included in project and royalty generation costs. Computer Field Office Building Land Total Cost As at December 31, 2017 $ 110 $ 60 $ 2 $ 599 $ 419 $ 1,190 Additions - 27 - - - 27 As at December 31, 2018 110 87 2 599 419 1,217 Additions - 75 - 124 - 199 As at December 31, 2019 110 162 2 723 419 1,416 Accumulated depreciation As at December 31, 2017 110 49 2 579 - 740 Additions - 11 - - - 11 As at December 31, 2018 110 60 2 579 - 751 Additions - 20 - 1 - 21 As at December 31, 2019 $ 110 $ 80 $ 2 $ 580 $ - $ 772 Net book value As at December 31, 2018 $ - $ 27 $ - $ 20 $ 419 $ 466 As at December 31, 2019 $ - $ 82 $ - $ 143 $ 419 $ 644

LOANS RECEIVABLE

LOANS RECEIVABLE	12 Months Ended
	Dec. 31, 2019
Disclosure Of Loans Receivables [Abstract]
LOANS RECEIVABLE [Text Block]	7. LOANS RECEIVABLE On October 16, 2017, the Company issued a note receivable to Revelo Resources Corp. (TSX-V: RVL), a related party by way of a common director for the principal amount of $400. The note was due on December 31, 2017, together with accrued interest at a rate of 1% per month and a bonus of $20. As at December 31, 2019, the balance owed to the Company pursuant to the note was $526 (December 31, 2018 - $478) including accrued interest and bonus fee. Subsequent to December 31, 2019 , the Company completed a purchase agreement to purchase a portfolio of royalties from Revelo for US$1,162 with the agreement that the proceeds will be used to settle the note receivable (Note 22). On November 25, 2019 the Company entered into a loan agreement with Boreal Metals Corp. (“BMC”) whereby the Company will loan $800 to BMC for one year. BMC will pay an annual effective interest rate of 8.08% with a loan fee equal to 5% of the loan amount ($40) and is payable on maturity. The Company has the option to elect to receive the loan fee in shares of BMC at not less than the market price of BMC common shares in accordance with TSX-V Policy. BMC is granting security to EMX in connection with the loan consisting of: i) a pledge of the issued and outstanding shares of Iekelvare Minerals AB (“Iekelvare”), a wholly-owned subsidiary of BMC; ii) a guarantee of the loan by Iekelvare; and iii) the obligation to transfer the Gumsberg License (or the issued and outstanding shares of Iekelvare) to the Company if the loan is in default. As at December 31, 2019, the balance of the loan including interest was $846. 333 December 31, 2019 December 31, 2018 Revelo Resources Corp. $ 526 $ 478 Boreal Metals Corp. 846 - Total $ 1,372 $ 478

INVESTMENT IN AN ASSOCIATED COM

INVESTMENT IN AN ASSOCIATED COMPANY	12 Months Ended
	Dec. 31, 2019
Disclosure of associates [abstract]
INVESTMENT IN AN ASSOCIATED COMPANY [Text Block]	8. INVESTMENT IN AN ASSOCIATED COMPANY During the year ended December 31, 2018, the Company derecognized a 39.99% equity investment in IGC and reallocated the fair value of the remaining investment to FVTPL (Note 4). On December 12, 2018, IGC underwent a recapitalization in which the Company did not participate and its investment was diluted to 19.9% and derecognized its investment in IGC as an associated entity. Prior to the derecognition of IGC as an investment in an associated entity, including the conversion of convertible notes and related interest due from IGC, cash purchases of shares including the exercise of warrants, and loan fees received in shares, the Company had invested an aggregate of US$13,137 towards its investment. At December 31, 2019, the Company’s equity investment including dilution gains or losses, less its share of accumulated equity gains and losses, and any distributions received was $Nil. The changes in the investment in associated Company for the years ended December 31, 2019 and 2018 are as follows: IGC Balance - December 31, 2017 $ 7,579 Additional investments in IGC 2,265 Dilution loss (578 ) Share of equity income 98,919 Equity investment share based payments 246 Distributions received (89,490 ) Loss on derecognition of an investment in associated entity (18,030 ) Derecognized as an investment in associated entity (911 ) Balance - December 31, 2018 and 2019 $ - As at December 31, 2018, IGC’s aggregate assets, aggregate liabilities and net income (loss) for the year ended are as follows: IGC December 31, 2018 Aggregate assets N/A Aggregate liabilities N/A Income (loss) for the year N/A The Company's ownership % 19.9% The Company's share of income (loss) for the year $ 98,919 IGC – Sale of Malmyzh On October 10, 2018, the Company was notified by IGC that the sale of the Malmyzh project to RCC for US$200,000 had closed. Of this amount, US$190,000 was released from escrow, with the remaining US$10,000 to be held in escrow and released subject to certain conditions over the next 12 months. IGC distributed the net sale proceeds to membership unit holders by way of a combination of share-buy back and dividends. For its 39.99% interest in IGC the Company received its initial cash distribution of $84,247. During the year ended December 31, 2019 the Company received $4,952 (US$3,743) in distributions owing from IG Copper LLC (“IGC”) related to the sale of Malmyzh. Credit Facilities In support of the sale of Malmyzh, on September 27, 2018, EMX borrowed US$18,500 from Sprott Private Resource Lending (Collector), LP (“Sprott”) and then loaned the US$18,500 to IGC. Sprott Private Resource Lending (Collector), LP – US$18,500 The loan made under the Sprott credit facility had a maturity date of January 31, 2019 and carried an annual interest rate of 12%, payable monthly. In connection with the Sprott loan, EMX issued 381,321 common shares valued at $602 (US$465) or $1.58 per share, paid cash fees of US$550, and legal fees of US$194. During the year ended December 31, 2018, using an annual effective interest rate of 30.83%, the Company recorded interest expense of $272 (US$208). The loan was fully repaid on October 12, 2018 upon receipt of the distribution from IGC and the Company recorded a loss of $1,482 from the early settlement. Included in restricted cash and due to EMX is $86 in funds held in trust as part of the Sprott agreement. IG Copper LLC – US$18,500 Concurrent with the Sprott credit facility for US$18,500, on September 27, 2018 EMX loaned US$18,500 to IGC to facilitate the Malmyzh property sale. The terms of the arrangement were identical to the Sprott loan to EMX. As such, in connection with the EMX Loan, IGC issued to EMX 37,000 membership units in IGC at US$10/membership unit, reimbursed EMX for fees, interest payments, and reimbursement of all legal costs. IGC further agreed to pay EMX an additional fee of US$550. During the year ended December 31, 2018, using an annual effective interest rate of 38.64%, the Company recorded interest income of $332 (US$254). The loan was fully repaid on October 12, 2018 by IGC from the proceeds received from the sale of Malmyzh and the Company recorded a gain of $2,015 from the early settlement. During the year ended December 31, 2018, the Company loaned IGC US$300 with no specific terms of repayment, to be settled from proceeds from the sale of Malmyzh. The loan was fully repaid on October 15, 2018 including $64 (US$49) in interest. The Company continues to hold a 19.9% interest in IGC, has a minority position on the Board of IGC, and does not control operational decisions. The Company’s judgment is that it does not have control or significant influence of IGC, and accordingly accounting for the remaining investment in IGC as FVTPL is appropriate.

REVENUE AND GENERAL AND ADMINIS

REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2019
Disclosure Of Revenue And General And Administrative Expenses [Abstract]
REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES [Text Block]	9. REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES During the year ended December 31, 2019 and 2018, the Company had the following sources of revenues, and general and administrative expenses: Revenue and other income Year ended Year ended December 31, 2019 December 31, 2018 Royalty revenue $ 1,439 $ $2,131 Interest income 1,667 822 Other property income 1,978 583 $ 5,084 3,536 General and administrative expenses Year ended Year ended December 31, 2019 December 31, 2018 Salaries, consultants, and benefits $ 1,885 $ 1,158 Professional fees 1,111 309 Investor relations and shareholder information 756 529 Transfer agent and filing fees 174 174 Administrative and office 968 836 Travel 233 103 $ 5,127 $ 3,109

EXPLORATION AND EVALUATION ASSE

EXPLORATION AND EVALUATION ASSETS	12 Months Ended
	Dec. 31, 2019
Disclosure Of Exploration And Evaluation Assets [Abstract]
EXPLORATION AND EVALUATION ASSETS Acquisition Costs [Text Block]	10. EXPLORATION AND EVALUATION ASSETS Acquisition Costs At December 31, 2019 and 2018, the Company has capitalized the following acquisition costs on its exploration and evaluation assets: Region Properties December 31, 2019 December 31, 2018 Sweden Various $ 17 $ 17 Viad royalties 421 421 Turkey Alankoy 154 154 Trab 79 79 United States Superior West, Arizona 603 736 of America Yerington, Nevada 206 206 Mainspring, Arizona 66 - Total $ 1,546 $ 1,613 During the year ended December 31, 2019, the Company received a $133 (US$100) annual option payment related to an exploration and option to purchase agreement for the Superior West project with Kennecott Exploration Company (“Kennecott”). During the year ended December 31, 2018, the Company received a $131 (US$100) annual option payment related to an exploration and option to purchase agreement for the Superior West project with Kennecott. The Company also received the annual option payment related to an option agreement with Mason Resources Corp (“Mason”) for $98 (US$75) and applied against the Yerington project. Sweden and Norway The Company holds certain exploration permits in Sweden and Norway. There are no specific spending commitments on the Swedish licenses and permits. On February 14, 2017, the Company completed an agreement to sell certain wholly owned subsidiaries in Sweden to Boreal Metals Corp. (“BMC”)(TSX-V: BMX), a British Columbia corporation. Pursuant to the agreement BMC acquired two wholly-owned subsidiaries of the Company that control the Gumsberg and Adak exploration assets in Sweden and the Tynset and Burfjord assets in Norway. During the year ended December 31, 2019, the Company received $53 (US$40) being the 2018 required US$20 AAR payments pursuant to the Gumsberg and Burjford agreements. The 2019 Gumsberg and Burjford, and both the 2019 and 2018 AAR payments for Tynset remain outstanding and have not been accrued. Modum Project In January 2018, the Company amended the sale agreement with BMC noted above to include the Modum project in Norway in exchange for an additional 1,324,181 common shares of BMC (received in March 2018) valued at $397 or $0.30 per share and is included in revenue and other income. Guldgruvan Cobalt Project In February 2018, the Company closed a definitive agreement for the sale of the Guldgruvan cobalt project to Boreal Energy Metals Corporation (“BEMC”), a subsidiary of BMC, in southern Norway. In exchange for the transfer of its Guldgruvan exploration licence to BEMC, BEMC issued to EMX 2,979,798 common shares of BEMC representing a 5.9% equity ownership in BEMC. Njuggtraskliden and Mjovattnet Projects In April 2018, EMX executed another agreement with BEMC to sell the Njuggträskliden and Mjövattnet projects in Sweden. At closing, BEMC issued to EMX 2,020,202 common shares representing a 4% equity ownership in BEMC, bringing EMX’s aggregate interest to 9.9% of BEMC’s issued and outstanding shares. BEMC has the continuing obligation to issue additional shares of BEMC to EMX to maintain its aggregate 9.9% interest in BEMC, at no additional cost to EMX, until BEMC has raised $3,000 in equity. Thereafter, EMX will have the right to participate pro-rata in future financings at its own cost to maintain its 9.9% interest in BEMC. EMX was also reimbursed approximately US$37 for its acquisition costs and previous expenditures on the projects. The Guldgruvan, Modum, Njuggträskliden and Mjövattnet projects were held in Boreal Battery Metals Scandinavia AB (“BBMSAB”) a wholly owned subsidiary of BEMC. In October 2019, EMX and BEMC entered into an agreement whereby EMX acquired all of the issued and outstanding share ownership interest of BBMSAB for the consideration of one dollar and relinquishment of existing royalties on the properties due to EMX from previous sale agreements. Riddarhyttan Project In April 2018, the Company executed an option agreement with South32 Limited ("South32") for the Riddarhyttan project in Sweden. Pursuant to the agreement, South32 can earn a 100% interest in the project by: (a) making option and cash payments that total US$200, (b) making a one-time option exercise payment of US$500, and (c) completing US$5,000 of exploration work on the project within five years of the execution date. Upon exercise of the option, EMX will retain a 3% NSR royalty, 0.75% of which may be purchased by South32 for US$1,900 within five years of executing the agreement. After exercising the option, AAR payments of 50,000 pounds of copper or the cash equivalent will be due to EMX, but will be deductible from future royalty payments. The AAR may be repurchased by South 32 for US$2,500. In addition, South32 will make milestone payments of: (a) 350,000 pounds of copper (or the cash equivalent) upon publication of a maiden resource on the project, and (b) 750,000 pounds of copper (or the cash equivalent) upon delivery of a feasibility study. Bleikvassli, Sagvoll, Meråker, and the Bastuträsk Projects On February 19, 2019, the Company acquired 4,808,770 common shares of Norra Metals Corp. ("Norra") (TSX-V: NORA), representing a 9.9% equity stake in Norra pursuant to the sale of the Bleikvassli, Sagvoll and Meråker projects in Norway, and the Bastuträsk project in Sweden. The Company will retain a 3% NSR royalty on the projects. EMX has also been granted a 1% NSR royalty on Norra’s Pyramid project in British Columbia. The common shares received were valued at $289, or $0.06 per share and included in revenue and other income for the year ended December 31, 2019. Norra has the continuing obligation to issue additional shares of Norra to EMX to maintain its aggregate 9.9% interest in Norra, at no additional cost to EMX, until Norra has raised $5,000 in equity. Thereafter, EMX will have the right to participate pro-rata in future financings at its own cost to maintain its 9.9% interest in Norra. As such, in December 2019, Norra issued EMX a further 356,500 common shares valued at $0.03 per share or $11 related to Norra’s obligation. Røstvangen property and Vakkerlien Projects On February 28, 2019 the Company executed an exploration and option agreement for the Røstvangen property and Vakkerlien property in Norway with Playfair Mining Ltd. ("Playfair") (TSX-V: PLY). The agreement provided EMX with share equity in Playfair, and upon Playfair's completion of the option terms and other consideration, a 9.9% interest in Playfair, a 3% NSR royalty on the projects, and advance royalty payments. Pursuant to the agreement, Playfair can earn a 100% interest in the project by the issuance of 3,000,000 common shares (received) to EMX and performance of certain work during the option period. The common shares received were valued at $150, or $0.05 per share and included in revenue and other income for the year ended December 31, 2019. Gold Line Resources Agreement In April, 2019 the Company executed a purchase agreement for the sale of certain exploration licenses in central Sweden to Gold Line Resources Ltd. (“GLR”), a private British Columbia company. Upon closing, the agreement provides EMX with a 9.9% interest in GLR, a free carry of its 9.9% interest until GLR has raised $5,000 in equity; reimbursement of license fees totaling US$101 ($133 received), advance royalty payments, and a 3% royalty interest in the properties. Within six years of the closing date, GLR has the right to buy down up to 1% of the royalty owed to EMX (leaving EMX with a 2% NSR royalty) by paying EMX 2,500 ounces of gold, or the cash equivalent. EMX will have the right to participate pro-rata in future financings at its own cost to maintain its 9.9% interest in GLR. The 2,555,210 shares representing EMX’s 9.9% interest were received in October 2019 valued at $0.05 per share. As a result of the sale of exploration licences, $260 has been included in revenue and other income being $133 recovered for the licenses fees and $127 for the shares received. North America In May 2019, the Company executed a purchase agreement for the sale of the Swift and Selena gold projects in Nevada to Ridgeline Minerals Corporation (“Ridgeline”), a privately-held British Columbia corporation. Upon closing, the agreement provides EMX with a 9.9% interest in Ridgeline and payment of a US$20 execution payment (received). For each project Ridgeline will grant to EMX a 3.25% production royalty, pay to EMX advanced royalty payments starting at US$10 on the second anniversary date of the agreement (increasing by US$5 per year to a maximum of US$75), and certain milestone payments totaling US$2,200. EMX will maintain a non-dilution right through US$2,500 of capital raises where Ridgeline will issue additional shares to EMX, at no cost to the Company to maintain its 9.9% interest. In November 2019, the Company received 2,077,718 shares and were valued at $0.12 per share or $249. Including the US$20 execution payment, $275 has been included in revenue and other income for the year ended December 31, 2019. Cathedral Well, Nevada During the year ended December 31, 2019, the Company received $33 (US$25) for the 2018 AMR payment of 20 ounces of gold from Ely Gold Royalties Inc. to keep the Cathedral Well agreement entered into in June 2014 in good standing. The 2019 AMR remains outstanding and has not been accrued. Hardshell Skarn, Arizona During the year ended December 31, 2019, the Company received US$10 ($13) being the 2018 and 2019 AAR payments due from Arizona Mining Inc. to keep the Hardshell Skarn agreement entered into in October 2015 in good standing. Copper Springs, Arizona During the year ended December 31, 2019, the Company received the annual option payment of US$50 ($66) for 2019 (2018 - Copper King, Arizona During the year ended December 31, 2019, the Company received the annual option payment of US$50 ($66 ) required for 2019 (2018 – US$50) pursuant to the Copper King option agreement entered into in October 2016. Buckhorn Creek Property, Arizona In February 2018, the Company executed an option agreement with Kennecott whereby Kennecott can earn a 100% interest in the project by: a) making annual option payments totaling US$550, and b) completing US$4,500 in exploration expenditures before the fifth anniversary of the agreement. During the year ended December 31, 2019, the Company received the annual payment of $50, thereafter Kennecott terminated the option agreement. The Company still holds certain claims in good standing. Superior West, Arizona The Company holds a 100% interest in the mineral rights comprised of certain federal unpatented mining claims, located on Tonto National Forest lands and unpatented federal mining claims under option. On May 4, 2015, the Company entered into an exploration and option to purchase agreement, through its wholly owned subsidiary BCE, for the Superior West project with Kennecott. Pursuant to the agreement, Kennecott can earn a 100% interest in the project by making a cash payment upon execution of the agreement of US$149 (received), and thereafter completing US$5,500 in exploration expenditures and paying annual option payments totaling US$1,000 (US$400 received) before the fifth anniversary of the agreement. Upon exercise of the option EMX will retain a 2% NSR royalty on the properties. Kennecott has the right to buy down 1% of the NSR royalty from underlying claim holders by payment of US$4,000 to EMX. During the year ended December 31, 2019, the Company received the annual payment of US$100 ($133) for 2019 to keep the option in good standing. The option payment was credited to capitalized costs. Kennecott has maintained or exceeded any minimum requirements for expenditures on the project and the agreement remains in good standing. Yerington West, Nevada The Yerington West property is comprised of certain unpatented federal mining claims located on lands administered by the Bureau of Land Management (“BLM”). Yerington West is under an option agreement, dated September 24, 2009 originally with Entrée Gold Inc. ("Entrée"), and then with Mason Resources Corp. (‘Mason”) (TSX: MNR) as a result of a 2017 "spin out" whereby Entrée transferred the Ann Mason project, which includes EMX's Yerington West property, into Mason. On December 19, 2018 Hudbay Minerals Inc. (“Hudbay”) announced the acquisition of Mason which includes EMX’s Yerington West property. Under the agreement, Hudbay can earn up to an 80% interest in the project by a) incurring expenditures of $1,000, making cash payments of $140 and issuing 85,000 shares within three years (completed by Entrée), b) making aggregate advance royalty payments totaling $375 being US$50 per year between the fifth and seventh anniversaries (received), and $75 per year between the eighth and tenth anniversaries ($75 received during the year ended Dececmber 31, 2018); and (c) delivering a feasibility study before the tenth anniversary of the agreement. Under the agreement, once the earn-in has been completed, EMX can convert its interest to a 2.5% NSR. Hudbay has the option to buy down 1.5% of the NSR for US$4,500. During the year ended ended December 31, 2019 the Company has not yet received the annual royalty payment of US$75 as the two parties are currently negotiating an extension to the agreement. Regional Strategic Alliance with South32 In November 2018, the Company, through its wholly-owned subsidiary BCE, entered into an agreement with South32 USA Exploration Inc. (“South32”), a wholly-owned subsidiary of South32 Limited. Pursuant to the agreement, which has an initial term of two years, South32 will fund EMX $800 per year to generate new prospects to be considered for acquisition as well as to fund the labour portion of work programs on early-stage projects, Alliance Exploration Projects (“AEP”). In addition, South32 will provide a minimum of $200 per year for new acquisition funding. South32 selected the Jasper Canyon, Sleeping Beauty, Dragon’s Tail, Lomitas Negras, and Midnight Juniper properties as the initial AEP’s for advancement under the alliance. As projects advance, the Company will propose certain projects be selected as Designated Projects (“DP”). DP’s will advance under separate option agreements whereby South32 can earn a 100% interest in the project by making option payments totaling $525 and completing $5,000 in exploration expenditures over a five year period. Upon exercise of the option, EMX will retain a 2% NSR royalty on the project which is not capped or purchasable. After exercise of the option, annual advance minimum payments and milestone payments will be due to EMX. Mainspring, Arizona During August 2019, the Company, through its wholly-owned subsidiary BCE entered into an acquisition option agreement with Mainspring Casa Grande, LLC,(“Mainspring”) a private Arizona entity. The agreement allows BCE to explore the Mainspring property for a period of four years and total payments of US$600. A payment of US$50 ($66) was paid upon execution of the agreement with a further US$50 due on the first anniversary date. The agreement can then be extended by BCE by making a US$250k extension payment for each one year of extension up to a maximum of two years. All payments to extend the option period shall be applied to the purchase price should BCE exercise the option. Upon exercise of the option EMX will deliver to the title holder up to US$11,000 and grant to Mainspring a production royalty of 1.0% of the products produced from the property. In addition, BCE will pay annual advance royalty payments of US$100 per year up to a maximum of US$23,000. BCE has the right to buy-back half of the 1% royalty for US$10,000. Additionally, BCE will pay milestone payments including US$1,000 payable within 30 days after completion of a pre-feasibility study, and US$2,000 payable within 30 days after completion of a feasibility study. Various The Company holds interests acquired by staking in several jurisdictions including Utah, Nevada, Arizona, Colorado and Wyoming. TURKEY Akarca Property Effective July 29, 2016, the Company entered into a share purchase agreement for the sale of AES Madencilik A.S. (“AES”), the wholly-owned EMX subsidiary that controls the Akarca gold-silver project in western Turkey, to Çiftay İnşaat Taahhüt ve Ticaret A.Ş. ("Çiftay"), a privately owned Turkish company. The terms of the sale provide payments to EMX as summarized below (gold payments can be made as gold bullion or the cash equivalent): • • • • • • o For gold production: 1.0% on the first 100,000 ounces of gold; 2.0% on the next 400,000 ounces of gold; 3.0% on all gold production in excess of 500,000 ounces produced from the property, and; o For all production other than gold production: 3.0%. • In addition, Çiftay must conduct a drilling program of at least 3,000 meters on the property during each 12-month period commencing on August 5, 2016 until commencement of commercial production. Pursuant to the agreement, Çiftay guaranteed the initial payments of 2,500 ounces of gold, or cash equivalent. As at December 31, 2019, the Company has recorded a receivable of $Nil (2018 - $903). During the year ended December 31, 2019, Çiftay requested an extension of the 500 ounce payment due in February 2019 and a suspension on the remaining payment requirements as Çiftay works towards permitting requirements. In order to facilitate the extension, Çiftay agreed to pay an additional 100 ounces of gold or cash equivalent. The Company received US$656 and US$608 during the year ended December 31, 2018, each representing the equivalent of 500 ounces of gold, and US$849 during the year ended December 31, 2019 representing the cash equivalent of 600 ounces of gold. Sisorta Property Effective July 1, 2016, the Company entered into a share purchase agreement for the sale of EBX Madencilik A.S. (“EBX”), a wholly-owned subsidiary that controlled the Sisorta gold property in Turkey, to Bahar Madencilik Sinayi ve Ticaret Ltd Sti ("Bahar"), a privately owned Turkish company. During the year ended December 31, 2019, the Company received the annual US$125 (2018 – US$125) required payment and included in revenue and other income for the year. The future annual cash payments are not accrued as there is no guarantee of payment, and the shares of EBX could be returned if the payments are not made. Balya Property EMX holds an uncapped 4% NSR royalty that it retained from the sale of the property to Dedeman Madencilik San ve Tic. A.S. ("Dedeman"), a privately owned Turkish company, in 2006. During the year ended December 31, 2019, the Company received the 2018 annual royalty payment totalling US$88 (2018 – received the 2017 annual royalty payment of US$103). The AMR’s and net royalty payments have been included in revenue and other income. The 2019 annual royalty payment remains outstanding. Golcuk Transfer and Royalty Agreement On July 17, 2012, amended on January 29, 2013, and November 8, 2016, the Company entered into an agreement with Pasinex Resources Limited (“PRL”) to transfer a 100% interest in the Golcuk property in exchange for PRL issuing 3,000,000 shares (received) to the Company. During the year ended December 31, 2019, PRL gave notice of termination of the agreement. Aktutan Property EMX has a royalty interest in the Aktutan polymetallic project sold to Dedeman in 2007 for considerations that include a 4% uncapped NSR and AAR payments. The 2018 and 2019 AAR payments have not been made and the Company is currently negotiating an amended AMR schedule. Trab-23 and Alankoy Properties On September 25, 2019, and subsequently closed in February 2020, the Company executed purchase and sale agreements for the sale of EMX subsidiaries that own the Alanköy and Trab-23 exploration projects in Turkey to Kar Mineral Madencilik İnşaat Turizm Sanayi ve Ticaret A.Ş. (“Kar”), a privately owned Turkish Company. Upon closing, EMX will receive 40 ounces of gold or cash equivalent for the Alanköy project (US$63 received in February 2020) and 30 ounces of gold or cash equivalent for the Trab-23 project (US$47 received in February 2020). EMX will receive an uncapped 2.5% NSR royalty on each project. For the Alanköy project, EMX will receive annual AAR payments of 35 ounces of gold for the first three years of the agreement, 45 ounces of gold in years 4 through 6 of the agreement, and 70 ounces of gold from and after the 7th anniversary. For the Trab-23 project, EMX will receive AAR payments of 35 ounces of gold through the 4th anniversary of the agreement, and 45 ounces of gold from and after the 5th anniversary. For each project, EMX will receive a milestone payment of 500 ounces of gold upon receipt of key mine development permits. The gold bullion payments may be made in troy ounces of gold bullion or their cash equivalents. Additionally, each agreement also contains certain work commitments that include drilling milestones and other project advancement requirements. Australia exploration licenses Kimberley Copper Project The Kimberley Copper Project consists of certain exploration licences, in Western Australia. On September 24, 2018 and amended in November 2018, the Company executed a share purchase agreement to sell the Kimberley Copper Project to Enfield Exploration Corporation (‘Enfield”). Pursuant to the agreement, Enfield will issue to EMX 500,000 shares and committed to raising US$1,000 for an initial drill test no later than March 31, 2019. Enfield also agreed to grant EMX with a graduated NSR royalty on the property, make AAR payments and issue an additional 1,750,000 shares upon achievement of certain milestones. During the year ended December 31, 2019, EMX terminated the agreement with Enfield. EMX relinquished all licenses associated with the Kimberley project subsequent to December 31, 2019. Project and Royalty Generation Costs During the year ended December 31, 2019, the Company incurred the following project and royalty generation costs, which were expensed as incurred: Scandinavia USA Turkey Australia and New Zealand Other Total Administration costs $ 165 $ 214 $ 66 $ 42 $ 1 $ 488 Drilling, technical, and support costs 1,422 2,557 40 1,775 - 5,794 Personnel 1,732 2,375 114 375 139 4,735 Professional costs 251 243 133 174 9 810 Property costs 543 1,674 65 28 (66) 2,244 Share-based payments 321 647 45 144 21 1,178 Travel 226 167 7 71 3 474 Total Expenditures 4,660 7,877 470 2,609 107 $ 15,723 Recoveries from partners (2,921) (4,021) (17) (317) (1) (7,277) Net Expenditures $ 1,739 $ 3,856 $ 453 $ 2,292 $ 106 $ 8,446 During the year ended December 31, 2018, the Company incurred the following project and royalty generation costs, which were expensed as incurred: Scandinavia USA Turkey Australia and New Zealand Other Total Administration costs $ 142 $ 239 $ 145 $ 29 $ - $ 555 Field and technical costs 1,172 541 89 138 20 1,960 Personnel 736 1,911 113 141 (6) 2,895 Professional costs 132 197 189 27 37 582 Property costs 150 744 14 52 - 960 Share-based payments 223 460 63 31 12 789 Travel 173 176 16 29 6 400 Total Expenditures 2,728 4,268 629 447 69 8,141 Recoveries from partners (1,277) (679) - - - (1,956) Net Expenditures $ 1,451 $ 3,589 $ 629 $ 447 $ 69 $ 6,185

ROYALTY INTERESTS

ROYALTY INTERESTS	12 Months Ended
	Dec. 31, 2019
Royalty Interests [Abstract]
ROYALTY INTERESTS [Text Block]	11. ROYALTY INTERESTS Changes in royalty interests for the year ended December 31, 2019 and 2018: Balance as at December 31, 2017 $ 21,943 Adjusted for: Depletion (1,732 ) Impairment of royalty interest (7,256 ) Cumulative translation adjustments 1,391 Balance as at December 31, 2018 14,346 Adjusted for: Additions 560 Depletion (802 ) Cumulative translation adjustments (616 ) Balance as at December 31, 2019 $ 13,488 During the year ended December 31, 2019 the Company entered into two acquisition agreements for certain royalty interests in Alaska’s Goodpaster Mining District as follows: Corvus Royalty Interests Pursuant to an acquisition agreement with Corvus, EMX acquired a portfolio of NSR royalty interests for $350 ranging from 1 -3%. Millrock Royalty Interests Pursuant to a private placement financing and acquisition agreement, the Company acquired certain royalty interests from Millrock valued at $211 (Note 4). Carlin Trend Royalties The Company holds royalty interests in the Carlin Trend in Nevada which includes the following properties: - - - During the year ended December 31, 2019, $1,439 (2018 - $2,131) in royalty income was included in revenue and other income. Applied only against the Carlin Trend Royalty Claim Block royalty income was depletion of $802 (2018 - $1,732) and a 5% direct gold tax of $42 (2018 - $92). Impairment of Non-Current Assets The Company’s policy for accounting for impairment of non-current assets is to use the higher of the estimates of fair value less cost of disposal of these assets or value in use. The Company uses valuation techniques that require significant judgments and assumptions, including those with respect to future production levels, future metal prices and discount rates. Non-current assets are tested for impairment when events or changes in circumstances suggest that the carrying amount may not be recoverable. The Company continuously reviews the production of gold from the Carlin Trend Royalty Claim Block, expected long term gold prices to be realized, foreign exchange, and interest rates. For the year ended December 31, 2019 and 2018, these assumptions remained reasonable and no revisions were considered necessary.

RECLAMATION BONDS

RECLAMATION BONDS	12 Months Ended
	Dec. 31, 2019
Reclamation Bonds [Abstract]
RECLAMATION BONDS [Text Block]	12. RECLAMATION BONDS Reclamation bonds are held as security towards future project and royalty generation work and the related future potential cost of reclamation of the Company’s land and unproven mineral interests. Once reclamation of the properties is complete, the bonds will be returned to the Company. December 31, 2019 December 31, 2018 U.S.A - various properties $ 680 $ 425 Sweden - various properties 42 13 Turkey - various properties 10 6 Total $ 732 $ 444 As at December 31, 2019, the Company has no material reclamation obligations.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2019
Intangible assets and goodwill [abstract]
GOODWILL [Text Block]	13. GOODWILL The Company’s goodwill represented the excess of the purchase price paid during fiscal 2012 for the acquisition of Bullion Monarch Mining Inc. over the fair value of the net identifiable tangible and intangible assets and liabilities acquired. The Company applies a one-step approach to determine if the Carlin Trend Royalty Claim Block and the related assets within the same Cash Generating Unit (“CGU”) are impaired (Note 11). The impairment loss is the amount by which the CGU’s carrying amount exceeds its recoverable amount. As a result of an impairment against the Carlin Trend Royalty Claim Block the Goodwill was written-off to $Nil in the year ended December 31, 2018. For the year ended December 31, 2019, Goodwill was written down by $Nil (2018 - $1,879) in conjunction with the net decrease of $Nil (2018 - $862) of the related deferred income tax liability.

ADVANCES FROM JOINT VENTURE PAR

ADVANCES FROM JOINT VENTURE PARTNERS	12 Months Ended
	Dec. 31, 2019
Disclosure of joint ventures [abstract]
ADVANCES FROM JOINT VENTURE PARTNERS [Text Block]	14. ADVANCES FROM JOINT VENTURE PARTNERS Advances from joint venture partners relate to unspent funds received pursuant to approved exploration programs by the Company and its joint venture partners. The Company’s advances from joint venture partners consist of the following: December 31, 2019 December 31, 2018 U.S.A. $ 2,305 $ 457 Sweden 99 159 Total $ 2,404 $ 616

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Dec. 31, 2019
Disclosure of terms and conditions of share-based payment arrangement [abstract]
CAPITAL STOCK [Text Block]	15. CAPITAL STOCK Authorized As at December 31, 2019, the authorized share capital of the Company was an unlimited number of common and preferred shares without par value. Common Shares During the year ended December 31, 2019, the Company: • • During the year ended December 31, 2018, the Company: • • • • Stock Options The Company adopted a stock option plan (the “Plan”) pursuant to the policies of the TSX-V. The maximum number of shares that may be reserved for issuance under the plan is limited to 10% of the issued common shares of the Company at any time. The vesting terms are determined at the time of the grant, subject to the terms of the plan. During the years ended December 31, 2019 and 2018, the change in stock options outstanding is as follows: Weighted Average Number Exercise Price Balance as at December 31, 2017 5,247,500 $ 1.10 Granted 1,810,000 1.32 Exercised (192,500 ) 0.97 Forfeited (90,000 ) 1.11 Balance as at December 31, 2018 6,775,000 $ 1.16 Granted 1,740,000 1.71 Exercised (1,790,300 ) 1.18 Forfeited (10,000 ) 1.45 Balance as at December 31, 2019 6,714,700 1.30 Number of options exercisable as at December 31, 2019 6,697,200 $ 1.30 The following table summarizes information about the stock options which were outstanding and exercisable at December 31, 2019: Date Granted Number of Options Exercisable Exercise Price $ Expiry Date June 8, 2015 915,000 915,000 0.66 June 8, 2020 October 18, 2016 1,147,700 1,147,700 1.30 October 18, 2021 August 28, 2017 1,315,000 1,315,000 1.20 August 28, 2022 July 20, 2018 1,537,000 1,537,000 1.30 July 20, 2023 September 20, 2018 75,000 75,000 1.42 September 20, 2023 November 28, 2018 15,000 15,000 1.57 November 28, 2023 December 14,2018 20,000 20,000 1.42 December 14, 2023 June 6, 2019* 1,530,000 1,512,500 1.70 June 6, 2024 September 30, 2019 100,000 100,000 1.77 September 30, 2024 November 18, 2019 60,000 60,000 1.80 November 18, 2024 Total 6,714,700 6,697,200 * Includes options granted for investor relations services that vest 25% every 4 months from the date of grant. The weighted average remaining useful life of exercisable stock options is 3.10 years (2018 – 2.80 years). Restricted share units In 2017, the Company introduced a long-term restricted share unit plan (“RSUs”). The RSUs entitle employees, directors, or officers to common shares of the Company upon vesting based on vesting terms determined by the Company’s Board of Directors at the time of grant. A total of 3,200,000 RSU’s are reserved for issuance under the plan and the number of shares issuable pursuant to all RSUs granted under this plan, together with any other compensation arrangement of the Company that provides for the issuance of shares, shall not exceed ten percent (10%) of the issued and outstanding shares at the grant date. During the years ended December 31, 2019 and 2018, the change in RSU’s outstanding is as follows: Number Balance as at December 31, 2017 312,500 Granted 312,500 Balance as at December 31, 2018 625,000 Granted 333,500 Balance as at December 31, 2019 958,500 The following table summarizes information about the RSU’s which were outstanding at December 31, 2019: Evaluation Date December 31, 2018 Granted Vested Expired/Cancelled December 31, 2019 December 31, 2019 * 312,500 - - - 312,500 December 31, 2020 312,500 - - - 312,500 December 31, 2021 - 312,500 - - 312,500 November 18, 2022 - 21,000 - - 21,000 Total 625,000 333,500 - - 958,500 * Share-based Payments During the year ended December 31, 2019, the Company recorded aggregate share-based payments of $2,423 (2018 - $1,821) as they relate to the fair value of stock options vested during the year, the fair value of incentive stock grants, and the fair value of share based compensation settled in cash. Share-based payments for the year ended December 31, 2019 and 2018 are allocated to expense accounts as follow: General and Administrative Project and Royalty Year ended December 31, 2019 Expenses Generation Costs Total Fair value of stock options vested $ 832 $ 844 $ 1,676 RSU's vested 157 - 157 Share based compensation 179 228 407 Share based compensation settled in cash 77 106 183 $ 1,245 $ 1,178 $ 2,423 General and Administrative Exploration Year ended December 31, 2018 Expenses Expenditures Total Shares issued for services $ 100 $ 167 $ 267 RSU's vested 164 - 164 Fair value of stock options granted 768 622 1,390 $ 1,032 $ 789 $ 1,821 The weighted average fair value of the stock options granted during the year ended December 31, 2019 and 2018 was $0.97 per stock option (2018 - $0.78). The fair value of stock options granted was estimated using the Black-Scholes option pricing model with weighted average assumptions as follows: Year ended Year ended December 31, 2019 December 31, 2018 Risk free interest rate 1.34% 2.09% Expected life (years) 5 5 Expected volatility 67.60% 69.93% Dividend yield - - Warrants During the year ended December 31, 2019 and 2018, the change in warrants outstanding is as follows: Weighted Average Number Exercise Price Balance as at December 31, 2017 and 2018 2,623,306 $ 2.00 Expired (2,623,306 ) 2.00 Balance as at December 31, 2019 - $ -

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
Disclosure of transactions between related parties [abstract]
RELATED PARTY TRANSACTIONS [Text Block]	16. RELATED PARTY TRANSACTIONS The aggregate value of transactions and outstanding balances relating to key management personnel were as follows: Share-based For the year ended December 31, 2019 Salary or Fees Payments Total Management $ 650 $ 568 $ 1,218 Outside directors * 152 282 434 Seabord Services Corp.** 437 - 437 Total $ 1,239 $ 850 $ 2,089 Salary or Fees & Share-based For the year ended December 31, 2018 Bonus Payments Total Management $ 2,693 $ 571 $ 3,264 Outside directors * 1,513 247 1,760 Seabord Services Corp.** 434 - 434 Total $ 4,640 $ 818 $ 5,458 * ** Included in accounts payable and accrued liabilities as at December 31, 2019 and 2018 are as follows: Related Party Assets and Liabilities Service or Term December 31, 2019 December 31, 2018 Amounts due to: David M. Cole, President and CEO Salary and bonus accrual $ 12 $ 1,501 Christina Cepeliauskas, CFO Bonus and expense reimbursement - 238 Jan Steiert, Chief Legal Officer Salary and bonus accrual - 239 Directors Fees and bonus accruals 24 1,387 $ 36 $ 3,365 Discretionary Bonuses In 2018 the Company awarded discretionary bonuses to management and staff totaling $5,224 in respect of their seven years of effort to monetize the Company’s investment in IGC. Prior to the Malmyzh sales transaction, EMX’s management had developed a bonus plan for strategic investments whereby a percentage of the after-tax profits of an individual investment could be paid as a bonus. By way of a common director, included in Note receivable (Note 7) are certain balances owing from a related party.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	12 Months Ended
	Dec. 31, 2019
Earnings per share [abstract]
NET INCOME (LOSS) PER SHARE [Text Block]	17. NET INCOME (LOSS) PER SHARE Net income (loss) per share, calculated on a basic and diluted basis, is as follows: Year ended December 31, 2019 December 31, 2018 Net income (loss) $ (13,820 ) $ 62,118 Weighted average number of common shares outstanding - basic 81,801,575 79,979,320 Dilutive effect of stock options and warrants outstanding - 674,154 Weighted average number of common shares outstanding - diluted 81,801,575 80,653,474 Basic earnings (loss) per share $ (0.17 ) $ 0.78 Diluted earnings (loss) per share $ (0.17 ) $ 0.77

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Major components of tax expense (income) [abstract]
INCOME TAXES [Text Block]	18. INCOME TAXES Deferred Income Tax Asset The tax effects of temporary differences between amounts recorded in the Company’s accounts and the corresponding amounts as computed for income tax purposes gives rise to deferred tax assets and liabilities as follows: December 31, 2019 December 31, 2018 Royalty interest $ (1,385 ) $ (1,690 ) Tax loss carryforwards 3,377 3,204 Other 115 90 Total $ 2,107 $ 1,604 As at December 31, 2019, no deferred tax assets are recognized on the following temporary differences as it is not probable that sufficient future taxable profit will be available to realize such assets: December 31, 2019 December 31, 2018 Expiry Date Range Tax loss carryforwards $ 55,849 $ 47,199 2026-2038 Exploration and evaluation assets 410 595 No expiry Other $ 1,482 $ 19,192 No expiry Income Tax Expense December 31, 2019 December 31, 2018 Current tax expense $ - $ - Deferred tax recovery (415 ) (3,683 ) $ (415 ) $ (3,683 ) The provision for income taxes differs from the amount calculated using the Canadian federal and provincial statutory income tax rates of 27% (2018 – 27%) as follows: December 31, 2019 December 31, 2018 Expected income tax (recovery) $ (3,844 ) $ 15,777 Effect of lower tax rates in foreign jurisdictions 942 (22,238 ) Permanent differences 898 1,332 Change in unrecognized deductible temporary differences and other 1,191 1,627 Foreign exchange 398 (181 ) Total $ (415 ) $ (3,683 )

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2019
Disclosure of operating segments [abstract]
SEGMENTED INFORMATION [Text Block]	19. SEGMENTED INFORMATION The Company operates within the resource industry. At December 31, 2019 and 2018, the Company had equipment and exploration and evaluation assets located geographically as follows: EXPLORATION AND EVALUATION ASSETS December 31, 2019 December 31, 2018 Sweden $ 438 $ 438 Turkey 233 233 U.S.A 875 942 Total $ 1,546 $ 1,613 PROPERTY AND EQUIPMENT December 31, 2019 December 31, 2018 Sweden $ 54 $ 31 U.S.A 590 435 Total $ 644 $ 466 The Company’s royalty interests, deferred income tax asset and royalty income and depletion are located in the U.S.A, except for a $200 royalty interest held in Serbia.

RISK AND CAPITAL MANAGEMENT_ FI

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2019
Disclosure of detailed information about financial instruments [abstract]
RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS [Text Block]	20. RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS The Company considers items included in shareholders’ equity as capital. The Company’s objective when managing capital is to safeguard the Company’s ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders. As at December 31, 2019, the Company had working capital of $75,178 (December 31, 2018 - $88,902). The Company has continuing royalty income that will vary depending on royalty ounces received, the price of gold, and foreign exchange rates on US royalty payments. The Company manages the capital structure and makes adjustments in light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may issue new shares through public and/or private placements, sell assets, or return capital to shareholders. Fair Value The Company characterizes inputs used in determining fair value using a hierarchy that prioritizes inputs depending on the degree to which they are observable. The three levels of the fair value hierarchy are as follows: a) b) c) As at December 31, 2019, there were no changes in the levels in comparison to December 31, 2018. Financial instruments measured at fair value on the statement of financial position are summarized in levels of the fair value hierarchy as follows: Assets Level 1 Level 2 Level 3 Total Investments $ 3,148 $ 1,258 $ 259 $ 4,665 Warrants - 829 - 829 Strategic Investments 33 4,580 - 4,613 Total $ 3,181 $ 6,667 $ 259 $ 10,107 The carrying value of notes receivables, trade and settlement receivables and other assets, accounts payable and accrued liabilities, advances from joint venture partners, and note payable approximate their fair value because of the short-term nature of these instruments. The Company holds warrants exercisable into common shares of public companies. The warrants do not trade on an exchange and are restricted in their transfer. The fair value of the warrants was determined using the Black-Scholes pricing model using observable market information and thereby classified within Level 2 of the fair value hierarchy. Included in Strategic Investments is $4,580 related to the Company’s investment in Rawhide LLC (Note 4). The Company’s investment in Rawhide LLC does not have a quoted market price in an active market and the Company has assessed a fair value of the investment based on concurrent third party investments at the time of acquisition. The Company’s investment in IGC does not have a quoted market price in an active market and the Company has assessed a fair value of the investment based on IGC’s unobservable net assets. As a result, the fair value is classified within Level 3 of the fair value hierarchy. The process of estimating the fair value of IGC is based on inherent measurement uncertainties and is based on techniques and assumptions that emphasize both qualitative and quantitative information. There is no reasonable quantitative basis to estimate the potential effect of changing the assumptions to reasonably possible alternative assumptions on the estimated fair value of the investment. The Company’s financial instruments are exposed to certain financial risks, including credit risk, interest rate risk, market risk, liquidity risk and currency risk. Credit Risk The Company is exposed to credit risk by holding cash and cash equivalents and receivables. This risk is minimized by holding a significant portion of the funds in Canadian banks. The Company’s exposure with respect to its receivables is primarily related to royalty streams, recovery of project and royalty generation costs, and the sale of assets. Interest Rate Risk The Company is exposed to interest rate risk because of fluctuating interest rates. Management believes the interest rate risk is low given interest rates on promissory notes is fixed and the current low global interest rate environment. Fluctuation in market rates is not expected to have a significant impact on the Company’s operations due to the short term to maturity and no penalty cashable feature of its cash equivalents. Market Risk The Company is exposed to market risk because of the fluctuating values of its publicly traded marketable securities and other company investments. The Company has no control over these fluctuations and does not hedge its investments. Based on the December 31, 2019 portfolio values, a 10% increase or decrease in effective market values would increase or decrease net shareholders’ equity by approximately $9,700. Liquidity Risk Liquidity risk is the risk that the Company is unable to meet its financial obligations as they come due. The Company manages this risk by careful management of its working capital to ensure the Company’s expenditures will not exceed available resources. Commodity Risk The Company’s royalty revenues are derived from a royalty interest and are based on the extraction and sale of precious and base minerals and metals. Factors beyond the control of the Company may affect the marketability of metals discovered. Metal prices have historically fluctuated widely. Consequently, the economic viability of the Company’s royalty interests cannot be accurately predicted and may be adversely affected by fluctuations in mineral prices. Currency Risk Foreign exchange risk arises when future commercial transactions and recognized assets and liabilities are denominated in a currency that is not the entity’s functional currency. The Company operates in Canada, Turkey, Sweden, Australia, Norway, and the U.S.A. The Company funds cash calls to its subsidiary companies outside of Canada in US dollars and a portion of its expenditures are also incurred in local currencies. The exposure of the Company’s cash and cash equivalents, restricted cash, trade receivables, accounts payable and accrued liabilities, and advances from joint venture partners to foreign exchange risk as at December 31, 2019 is as follows: Accounts US dollars Cash and cash equivalents $ 50,947 Restricted cash 1,387 Trade receivables 372 Accounts payable and accrued liabilities (598 ) Advances from joint venture partners (1,771 ) Net exposure $ 50,337 Canadian dollar equivalent $ 65,518 The balances noted above reflect the US dollar balances held within the parent company and any wholly owned subsidiaries. Balances denominated in another currency other than the functional currency held in foreign operations are considered immaterial. Based on the above net exposure as at December 31, 2019, and assuming that all other variables remain constant, a 10% depreciation or appreciation of the Canadian dollar against the US dollar would result in an increase/decrease of approximately $6,552 in the Company’s pre-tax profit or loss.

SUPPLEMENTAL DISCLOSURE WITH RE

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	12 Months Ended
	Dec. 31, 2019
Disclosure Of Cash Flow Statement Explanatory [Abstract]
SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS [Text Block]	21. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS December 31, 2019 December 31, 2018 Cash $ 68,994 $ 86,175 Short-term deposits 187 196 Total $ 69,181 $ 86,371 The short-term deposits are used as collateral for the Company’s credit cards. Changes in non-cash working capital: Year ended Year ended December 31, 2019 December 31, 2018 Accounts receivable $ 1,139 $ 1,280 Prepaid expenses (277 ) 13 Accounts payable and accrued liabilities (4,403 ) 4,981 Advances from joint venture partners 460 (193 ) $ (3,081 ) $ 6,081 The significant non-cash investing and financing transactions during the year ended December 31, 2019 included: a. b. The significant non-cash investing and financing transactions during the year ended December 31, 2018 included: a. b. c. d. e. f. g. h.

EVENTS SUBSEQUENT TO THE REPORT

EVENTS SUBSEQUENT TO THE REPORTING DATE	12 Months Ended
	Dec. 31, 2019
Disclosure of non-adjusting events after reporting period [abstract]
EVENTS SUBSEQUENT TO THE REPORTING DATE [Text Block]	22. EVENTS SUBSEQUENT TO THE REPORTING DATE Subsequent the the year ended December 31, 2019: a) b) c) d) e) f) g)

STATEMENT OF COMPLIANCE AND S_2

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Statement Of Compliance And Summary Of Significant Accounting Policies [Abstract]
Basis of Consolidation [Policy Text Block]	Basis of Consolidation The consolidated financial statements comprise the accounts of EMX Royalty Corp., the parent company, and its controlled subsidiaries, after the elimination of all significant intercompany balances and transactions. Subsidiaries Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases. The accounts of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Inter-company transactions, balances and unrealized gains or losses on transactions are eliminated. The Company’s principal operating subsidiaries are as follows: Name Place of Incorporation Ownership Percentage Bullion Monarch Mining, Inc Utah, USA 100% EMX (USA) Services Corp. Nevada, USA 100% Bronco Creek Exploration Inc. Arizona, USA 100% EMX - NSW1 PTY LTD. Australia 100% EMX Broken Hill PTY LTD. Australia 100% Eurasia Madencilik Ltd. Sirketi Turkey 100% Eurasian Minerals Sweden AB Sweden 100% Viad Royalties AB Sweden 100% EV Metals AB Sweden 100% EMX Finland OY Findland 100% EMX Norwegian Services AS Norway 100%
Functional and Reporting Currency [Policy Text Block]	Functional and Reporting Currency The functional currency is the currency of the primary economic environment in which the entity operates. The functional currency for the Company and its subsidiaries is the Canadian dollar except the functional currency of the operations of Bullion Monarch which is the US dollar. The functional currency determinations were conducted through an analysis of the consideration factors identified in IAS 21, The Effects of Changes in Foreign Exchange Rates. Translation of transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are re-measured. Monetary assets and liabilities denominated in foreign currencies are re-measured at the rate of exchange at each financial position date. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in profit or loss. On translation of the entities whose functional currency is other than the Canadian dollar, revenues and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Assets and liabilities are translated at the rate of exchange at the reporting date. Exchange gains and losses, including results of re-translation, are recorded in the foreign currency translation reserve.
Financial instruments [Policy Text Block]	Financial instruments The Company’s financial instruments consist of cash and cash equivalents, short term and long term restricted cash, investments, strategic investments, notes receivable, trade receivables, reclamation bonds, accounts payable and accrued liabilties, and advances from joint venture partners. All financial instruments are initially recorded at fair value and designated as follows: Cash and cash equivalents, restricted cash, trade receivables, and notes receivable, and reclamation bonds which are classified as financial assets at amortized cost and accounts payable and accrued liabilities and advances from joint venture partners are classified as financial liabilities at amortized cost. Both financial assets at amortized cost and financial liabilities at amortized cost are measured at amortized cost using the effective interest method. Investments in common shares and warrants are classified as fair value through profit or loss (“FVTPL”). These warrants are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized in profit or loss under the classification of change in fair value of fair value through profit or loss assets. Strategic investments in common shares are held for longterm strategic purposes and not for trading. The Company has made an irrevocable election to designate these investments as fair value through other comprehensive income (“FVTOCI”) in order to provide a more meaningful presentation based on management’s intention, rather than reflecting changes in fair value in profit or loss. Such investments are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of other comprehensive income under the classification of gain (loss) on changes in fair value of strategic investments. Cumulative gains and losses are not subsequently reclassified to profit or loss. Transaction costs on initial recognition of financial instruments classified as FVTPL are expensed as incurred. Transaction costs incurred on initial recognition of financial instruments classified as amortized cost are recognized at their fair value amount and offset against the related asset or liability. Financial assets are derecognized when the contractual rights to the cash flows from the asset expire. Financial liabilities are derecognized only when the Company’s obligations are discharged, cancelled or they expire. On derecognition, the difference between the carrying amount (measured at the date of derecognition) and the consideration received (including any new asset obtained less any new liability obtained) is recognized in profit or loss. Impairment The Company assesses all information available, including on a forward-looking basis, the expected credit losses associated with its assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. To assess whether there is a significant increase in credit risk, the Company compares the risk of a default occurring on the asset as the reporting date, with the risk of default as at the date of initial recognition, based on all information available, and reasonable and supportive forward-looking information.
Investments in Associated Companies [Policy Text Block]	Investments in Associated Companies The Company accounts for its long-term investments in affiliated companies over which it has significant influence using the equity basis of accounting, whereby the investment is initially recorded at cost, adjusted to recognize the Company’s share of earnings or losses and reduced by dividends received. The Company assesses its equity investments for impairment if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the equity investment and that the event or events has an impact on the estimated future cash flow of the investment that can be reliably estimated. Objective evidence of impairment of equity investments includes: • • •
Exploration and evaluation assets and exploration expenditures [Policy Text Block]	Exploration and evaluation assets and exploration expenditures Acquisition costs for exploration and evaluation assets, net of recoveries, are capitalized on a property-by-property basis. Acquisition costs include cash consideration and the value of common shares, issued for exploration and evaluation assets pursuant to the terms of the agreement. Exploration expenditures, net of recoveries, are charged to operations as incurred. After a property is determined by management to be commercially feasible, an impairment test is conducted and subsequent development expenditures on the property will be capitalized. When there is little prospect of further work on a property being carried out by the Company or its partners, when a property is abandoned, or when the capitalized costs are no longer considered recoverable, the related property costs are written down to management’s estimate of their net recoverable amount. The costs related to a property from which there is production, together with the costs of production equipment, will be depleted and amortized using the unit-of-production method. An exploration and evaluation asset acquired under an option agreement, where payments are made at the sole discretion of the Company, is capitalized at the time of payment. Option payments received are treated as a reduction of the carrying value of the related acquisition cost for the mineral property until the payments are in excess of acquisition costs, at which time they are then credited to profit or loss. Option payments are at the discretion of the optionee and, accordingly, are accounted for when receipt is reasonably assured.
Royalty interests [Policy Text Block]	Royalty interests Royalty interests consist of acquired royalty interests pursuant to purchase agreements. These interests are recorded at cost and capitalized as tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation costs that are not related to a specific agreement are expensed in the period incurred. On acquisition of a royalty interest, an allocation of its cost is attributed to the exploration potential of the interest and is recorded as an asset on the acquisition date. The value of the exploration potential is accounted for in accordance with IFRS 6, Exploration and Evaluation of Mineral Resources and is not depleted until such time as the technical feasibility and commercial viability have been established at which point the value of the asset is accounted for in accordance with IAS 16, Property, Plant and Equipment. Acquisition costs of production stage royalty interests are depleted using the units of production method over the life of the related mineral property, which is calculated using estimated reserves. Acquisition costs of royalty interests on exploration stage mineral properties, where there are no estimated reserves, are not amortized. At such time as the associated exploration stage mineral interests are converted to estimated reserves, the cost basis is amortized over the remaining life of the mineral property, using the estimated reserves. The carrying values of exploration stage mineral interests are evaluated for impairment at such time as information becomes available indicating that production will not occur in the future.
Goodwill [Policy Text Block]	Goodwill Goodwill represents the excess of the price paid for the acquisition of a consolidated entity over the fair value of the net identifiable tangible and intangible assets and liabilities acquired in a business combination. Goodwill is allocated to the cash generating unit to which it relates. Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined by assessing if the carrying value of a cash generating unit, including the allocated goodwill, exceeds its recoverable amount.
Property and equipment [Policy Text Block]	Property and equipment Property and equipment is recorded at cost. Buildings are depreciated using a 5 year straightline method. Equipment is depreciated over its estimated useful life using the declining balance method at a rate of 20% per annum. Depreciation on equipment used directly on exploration projects is included in exploration expenditures for that mineral property.
Decommissioning liabilities [Policy Text Block]	Decommissioning liabilities Decommissioning liabilities are recognized for the expected obligations related to the retirement of long-lived tangible assets that arise from the acquisition, construction, development or normal operation of such assets. A decommissioning liability is recognized in the period in which it is incurred and when a reasonable estimate of the fair value of the liability can be made with a corresponding decommissioning cost recognized by increasing the carrying amount of the related long-lived asset. The decommissioning cost is subsequently allocated in a rational and systematic method over the underlying asset’s useful life. The initial fair value of the liability is accreted, by charges to profit or loss, to its estimated future value.
Environmental disturbance restoration [Policy Text Block]	Environmental disturbance restoration During the operating life of an asset, events such as infractions of environmental laws or regulations may occur. These events are not related to the normal operation of the asset and are referred to as environmental disturbance restoration provisions. The costs associated with these provisions are accrued and charged to profit or loss in the period in which the event giving rise to the liability occurs. Any subsequent adjustments to these provisions due to changes in estimates are also charged to profit or loss in the period of adjustment. These costs are not capitalized as part of the long-lived assets’ carrying value.
Impairment of assets [Policy Text Block]	Impairment of assets Events or changes in circumstances can give rise to significant impairment charges or reversals of impairment in a particular year. The Company assesses its cash generating units annually to determine whether any indication of impairment exists. Where an indicator of impairment exists, an estimate of the recoverable amount is made, which is the higher of the fair value less costs to sell and value in use. The determination of the recoverable amount for value in use requires the use of estimates and assumptions such as long-term commodity prices, discount rates, future capital requirements, exploration potential and future operating performance. Fair value is determined as the amount that would be obtained from the sale of the asset in an arm’s length transaction between knowledgeable and willing parties.
Cash and cash equivalents [Policy Text Block]	Cash and cash equivalents Cash and cash equivalents include cash on hand, bank deposits and short-term, highly liquid investments that are readily convertible to known amounts of cash.
Share-based payments [Policy Text Block]	Share-based payments Share-based payments include option and stock grants granted to directors, employees and non-employees. The Company accounts for share-based compensation using a fair value based method with respect to all share-based payments measured and recognized, to directors, employees and non-employees. For directors and employees, the fair value of the options and stock grants is measured at the date of grant. For non-employees, the fair value of the options and stock are measured at the fair value of the goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. For directors, employees and non-employees, the fair value of the options and stock grants is accrued and charged to operations, with the offsetting credit to share based payment reserve for options, and commitment to issue shares for stock grants over the vesting period. If and when the stock options are exercised, the applicable amounts are transferred from share-based payment reserve to share capital. When the stock grants are issued, the applicable fair value is transferred from commitment to issue shares to share capital. Option based compensation awards are calculated using the Black-Scholes option pricing model while stock grants are valued at the fair value on the date of grant. The Company has granted certain employees and non-employess restricted share units (“RSUs”) to be settled in shares of the Company. The fair value of the estimated number of RSUs that will eventually vest, determined at the date of grant, is recognized as share-based compensation expense over the vesting period, with a corresponding amount recorded as equity. The fair value of the RSUs is estimated using the market value of the underlying shares as well as assumptions related to the market and non-market conditions at the grant date.
Income taxes [Policy Text Block]	Income taxes Income tax expense consists of current and deferred tax. Income tax expense is recognized in profit or loss except to the extent that it relates to items recognized directly in equity. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is calculated providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable income nor loss. In addition, deferred tax is not recognized for taxable temporary differences arising on the initial recognition of goodwill. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. A deferred tax asset is recognized to the extent that it is probable that future taxable income will be available against which the temporary difference can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.
Income (loss) per share [Policy Text Block]	Income (loss) per share The Company presents basic earnings (loss) per share data for its common shares, calculated by dividing the income (loss) attributable to equity holders of the Company by the weighted average number of common shares issued and outstanding during the period. Diluted earnings per share is calculated by adjusting the earnings attributable to equity holders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares. The calculation of diluted earnings per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period. In periods where a loss is reported, diluted loss per share is the same as basic loss per share as the effects of potentially dilutive common shares would be anti-dilutive. Existing stock options and share purchase warrants are not included in the income (loss) per share computation of diluted income (loss) per share if inclusion would be anti-dilutive. For the years presented in which the inclusion of stock options and warrants would be anti-dilutive, the basic and diluted losses per share are the same.
Valuation of equity units issued in private placements [Policy Text Block]	Valuation of equity units issued in private placements The Company has adopted a residual value method with respect to the measurement of shares and warrants issued as private placement units. The residual value method first allocates value to the more easily measurable component based on fair value and then the residual value, if any, to the less easily measurable component. The fair value of the common shares issued in private placements is determined to be the more easily measurable component and are valued at their fair value, as determined by the closing quoted bid price on the day prior to the issuance date. The balance, if any, is allocated to the attached warrants. Any fair value attributed to the warrants is recorded in reserves.
Segment reporting [Policy Text Block]	Segment reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision- maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Chief Executive Officer.
Critical Accounting Judgments and Significant Estimates and Uncertainties [Policy Text Block]	Critical Accounting Judgments and Significant Estimates and Uncertainties The preparation of the consolidated financial statements requires management to make judgments and estimates and form assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported revenue and expenses during the periods presented therein. On an ongoing basis, management evaluates its judgments and estimates in relation to assets, liabilities, royalty revenues and expenses. Management bases its judgments and estimates on historical experience and on other various factors it believes to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions and conditions. The Company has identified the following critical accounting policies in which significant judgments, estimates and assumptions are made and where actual results may differ from these estimates under different assumptions and conditions and may materially affect financial results or the financial position reported in future periods. Further details of the nature of these assumptions and conditions may be found in the relevant notes to the consolidated financial statements. a) Royalty interest and related depletion In accordance with the Company’s accounting policy, royalty interests are evaluated on a periodic basis to determine whether there are any indications of impairment. If any such indication exists, a formal estimate of recoverable amount is performed and an impairment loss recognized to the extent that carrying amount exceeds recoverable amount. The recoverable amount of a royalty asset is measured at the higher of fair value less costs to sell and value in use. The determination of fair value and value in use requires management to make estimates and assumptions about expected production and sales volumes, the proportion of areas subject to royalty rights, commodity prices (considering current and historical prices, price trends and related factors), and reserves. These estimates and assumptions are subject to risk and uncertainty; hence there is a possibility that changes in circumstances will alter these projections, which may impact the recoverable amount of the assets. In such circumstances, some or all of the carrying value of the assets may be further impaired or the impairment charge reduced with the impact recorded in profit or loss. b) Goodwill Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined by assessing if the carrying value of a cash generating unit, including the allocated goodwill, exceeds its recoverable amount. The assessment of the recoverable amount used in the goodwill impairment analysis is subject to similar judgments and estimates as described above for property and equipment and royalty interests. c) Exploration and Evaluation Assets Recorded costs of exploration and evaluation assets are not intended to reflect present or future values of exploration and evaluation assets. The recorded costs are subject to measurement uncertainty and it is reasonably possible, based on existing knowledge, that a change in future conditions could require a material change in the recognized amount. d) Taxation The Company’s accounting policy for taxation requires management’s judgment as to the types of arrangements considered to be a tax on income in contrast to an operating cost. Judgment is also required in assessing whether deferred tax assets and certain deferred tax liabilities are recognized on the statement of financial position. Deferred tax assets, including those arising from unused tax losses, capital losses and temporary differences, are recognized only where it is considered probable that they will be recovered, which is dependent on the generation of sufficient future taxable profits. Deferred tax liabilities arising from temporary differences caused principally by the expected royalty revenues generated by the royalty property are recognized unless expected offsetting tax losses are sufficient to offset the taxable income and therefore, taxable income is not expected to occur in the foreseeable future. Assumptions about the generation of future taxable profits depend on management’s estimates of future cash flows. These depend on estimates of future production and sales volumes, commodity prices, and reserves. Judgments are also required about the application of income tax legislation in foreign jurisdictions. These judgments and assumptions are subject to risk and uncertainty, hence there is a possibility that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets and deferred tax liabilities recognized on the statement of financial position and the amount of other tax losses and temporary differences not yet recognized. In such circumstances, some or the entire carrying amount of recognized deferred tax assets and liabilities may require adjustment, resulting in a corresponding credit or charge to profit or loss. Information about critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements include, but are not limited to, the following: a) Functional Currencies The functional currency of each of the Company’s subsidiaries is the currency of the primary economic environment in which the entity operates. Determination of the functional currency may involve certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions, which determined the primary economic environment. b) Classification of investments as subsidiaries, joint ventures, associated company and portfolio investments Classification of investments requires judgement as to whether the Company controls, has joint control of or significant influence over the strategic financial and operating decisions relating to the activity of the investee. In assessing the level of control or influence that the Company has over an investment, management considers ownership percentages, board representation as well as other relevant provisions in shareholder agreements. If an investor holds 20% or more of the voting power of the investee, it is presumed that the investor has significant influence, unless it can be clearly demonstrated that this is not the case. Conversely, if the investor holds less than 20% of the voting power of the investee, it is presumed that the investor does not have significant influence, unless such influence can be clearly demonstrated.
Reclassification [Policy Text Block]	Reclassification Certain comparative figures have been reclassified to conform to the current period presentation. As a result of the reclassifications, loss from operations for the year ended December 31, 2018 decreased by $1,167 as a result of including certain items previously classified as non-operating into revenue and other income including $346 related to the gain on sale of projects and $821 of interest income. There was no change to the net loss for the year then ended.
Accounting Standards Adopted During the Year [Policy Text Block]	Accounting Standards Adopted During the Year Leases IFRS 16, Leases was issued in January 2016 and applies to annual financial reporting periods beginning on or after January 1, 2019 and introduces new or amended requirements with respect to lease accounting. IFRS 16 introduced significant changes to lessee accounting by removing the distinction between operating and finance leases and requiring the recognition of right-of-use assets and lease liabilities at the lease commencement for all leases, except for short-term leases and leases of low value assets. In contrast to lessee accounting, the requirements for lessor accounting have remained largely unchanged. IFRS 16 has changed how the Company accounts for leases previously classified as operating leases under IAS 17, which were off-balance sheet. Applying IFRS 16 for all except for short term leases and leases of low-value assets, the Company will (i) recognize ‘right-of-use’ assets and lease liabilities in the consolidated statement of financial position, initially measured at the present value of future lease payments discounted at the incremental borrowing rate; (ii) recognize depreciation of right- of-use assets and interest on lease liabilities in the consolidated statement of loss; and (iii) separate the total amount of cash paid into a principal portion (presented within financing activities) and interest (presented within operating activities) in the consolidated statement of cash flows. For short-term leases (lease term of 12 months or less) and leases of low-value assets (such as personal computers and office furniture), the Company has opted to recognise a lease expense on a straight-line basis as permitted by IFRS 16. The Company has taken the exemptions related to short-term and low value asset leases. Exploration and evaluation assets and mineral leases are not in the scope of this standard. The adoption of IFRS 16 did not have a material effect on the consolidated financial statements.

STATEMENT OF COMPLIANCE AND S_3

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Statement Of Compliance And Summary Of Significant Accounting Policies [Abstract]
Disclosure of detailed information about subsidiaries [Table Text Block]	Name Place of Incorporation Ownership Percentage Bullion Monarch Mining, Inc Utah, USA 100% EMX (USA) Services Corp. Nevada, USA 100% Bronco Creek Exploration Inc. Arizona, USA 100% EMX - NSW1 PTY LTD. Australia 100% EMX Broken Hill PTY LTD. Australia 100% Eurasia Madencilik Ltd. Sirketi Turkey 100% Eurasian Minerals Sweden AB Sweden 100% Viad Royalties AB Sweden 100% EV Metals AB Sweden 100% EMX Finland OY Findland 100% EMX Norwegian Services AS Norway 100%

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Investments [Abstract]
Disclosure of detailed information about investments [Table Text Block]	Accumulated December 31, 2019 Cost unrealized (loss) gain Fair value Fair value through profit or loss Marketable securities $ 3,915 $ (767 ) $ 3,148 Warrants 314 515 829 Private company investments 1,961 (444 ) 1,517 Total fair value through profit or loss 6,190 (696 ) 5,494 Fair value through other comprehensive income Marketable securities 910 (877 ) 33 Private company investments 4,580 - 4,580 Total fair value through other comprehensive income 5,490 (877 ) 4,613 Total investments $ 11,680 $ (1,573 ) $ 10,107 Accumulated December 31, 2018 Cost unrealized loss Fair value Fair value through profit or loss Marketable securities $ 1,683 $ (1,058 ) $ 625 Private company investments 911 - 911 Total fair value through profit or loss 2,594 (1,058 ) 1,536 Fair value through other comprehensive income Marketable securities 910 (877 ) 33 Total fair value through other comprehensive income 910 (877 ) 33 Total investments $ 3,504 $ (1,935 ) $ 1,569

RECEIVABLES (Tables)

RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2019
Trade and other receivables [abstract]
Disclosure of detailed information about current receivables [Table Text Block]	Category December 31, 2019 December 31, 2018 Distribution receivable from an investment in an associated entity (Note 8) $ - $ 5,451 Sale of Akarca - 903 Loan fees - 187 Royalty income receivable 15 145 Refundable taxes 174 176 Recoverable exploration expenditures and advances 460 264 Other 332 380 Total $ 981 $ 7,506
Disclosure of detailed information about currency of receivables [Table Text Block]	Currency December 31, 2019 December 31, 2018 Canadian Dollars $ 158 $ 484 US Dollars 453 6,934 Swedish Krona 370 72 Other - 16 Total $ 981 $ 7,506

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of detailed information about property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment [Table Text Block]	Computer Field Office Building Land Total Cost As at December 31, 2017 $ 110 $ 60 $ 2 $ 599 $ 419 $ 1,190 Additions - 27 - - - 27 As at December 31, 2018 110 87 2 599 419 1,217 Additions - 75 - 124 - 199 As at December 31, 2019 110 162 2 723 419 1,416 Accumulated depreciation As at December 31, 2017 110 49 2 579 - 740 Additions - 11 - - - 11 As at December 31, 2018 110 60 2 579 - 751 Additions - 20 - 1 - 21 As at December 31, 2019 $ 110 $ 80 $ 2 $ 580 $ - $ 772 Net book value As at December 31, 2018 $ - $ 27 $ - $ 20 $ 419 $ 466 As at December 31, 2019 $ - $ 82 $ - $ 143 $ 419 $ 644

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Loans Receivables [Abstract]
Disclosure of detailed information about loans receivables [Table Text Block]	December 31, 2019 December 31, 2018 Revelo Resources Corp. $ 526 $ 478 Boreal Metals Corp. 846 - Total $ 1,372 $ 478

INVESTMENT IN AN ASSOCIATED C_2

INVESTMENT IN AN ASSOCIATED COMPANY (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of associates [abstract]
Disclosure of detailed information about changes in investment [Table Text Block]	IGC Balance - December 31, 2017 $ 7,579 Additional investments in IGC 2,265 Dilution loss (578 ) Share of equity income 98,919 Equity investment share based payments 246 Distributions received (89,490 ) Loss on derecognition of an investment in associated entity (18,030 ) Derecognized as an investment in associated entity (911 ) Balance - December 31, 2018 and 2019 $ -
Disclosure of detailed information about associates [Table Text Block]	IGC December 31, 2018 Aggregate assets N/A Aggregate liabilities N/A Income (loss) for the year N/A The Company's ownership % 19.9% The Company's share of income (loss) for the year $ 98,919

REVENUE AND GENERAL AND ADMIN_2

REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Revenue And General And Administrative Expenses [Abstract]
Disclosure of detailed information about revenue [Table Text Block]	Revenue and other income Year ended Year ended December 31, 2019 December 31, 2018 Royalty revenue $ 1,439 $ $2,131 Interest income 1,667 822 Other property income 1,978 583 $ 5,084 3,536
Disclosure of detailed information about general and administrative expenses [Table Text Block]	General and administrative expenses Year ended Year ended December 31, 2019 December 31, 2018 Salaries, consultants, and benefits $ 1,885 $ 1,158 Professional fees 1,111 309 Investor relations and shareholder information 756 529 Transfer agent and filing fees 174 174 Administrative and office 968 836 Travel 233 103 $ 5,127 $ 3,109

EXPLORATION AND EVALUATION AS_2

EXPLORATION AND EVALUATION ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Exploration And Evaluation Assets [Abstract]
Disclosure of detailed information about exploration assets [Table Text Block]	Region Properties December 31, 2019 December 31, 2018 Sweden Various $ 17 $ 17 Viad royalties 421 421 Turkey Alankoy 154 154 Trab 79 79 United States Superior West, Arizona 603 736 of America Yerington, Nevada 206 206 Mainspring, Arizona 66 - Total $ 1,546 $ 1,613
Disclosure of detailed information about exploration expenditures [Table Text Block]	During the year ended December 31, 2019, the Company incurred the following project and royalty generation costs, which were expensed as incurred: Scandinavia USA Turkey Australia and New Zealand Other Total Administration costs $ 165 $ 214 $ 66 $ 42 $ 1 $ 488 Drilling, technical, and support costs 1,422 2,557 40 1,775 - 5,794 Personnel 1,732 2,375 114 375 139 4,735 Professional costs 251 243 133 174 9 810 Property costs 543 1,674 65 28 (66) 2,244 Share-based payments 321 647 45 144 21 1,178 Travel 226 167 7 71 3 474 Total Expenditures 4,660 7,877 470 2,609 107 $ 15,723 Recoveries from partners (2,921) (4,021) (17) (317) (1) (7,277) Net Expenditures $ 1,739 $ 3,856 $ 453 $ 2,292 $ 106 $ 8,446 During the year ended December 31, 2018, the Company incurred the following project and royalty generation costs, which were expensed as incurred: Scandinavia USA Turkey Australia and New Zealand Other Total Administration costs $ 142 $ 239 $ 145 $ 29 $ - $ 555 Field and technical costs 1,172 541 89 138 20 1,960 Personnel 736 1,911 113 141 (6) 2,895 Professional costs 132 197 189 27 37 582 Property costs 150 744 14 52 - 960 Share-based payments 223 460 63 31 12 789 Travel 173 176 16 29 6 400 Total Expenditures 2,728 4,268 629 447 69 8,141 Recoveries from partners (1,277) (679) - - - (1,956) Net Expenditures $ 1,451 $ 3,589 $ 629 $ 447 $ 69 $ 6,185

ROYALTY INTERESTS (Tables)

ROYALTY INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2019
Royalty Interests [Abstract]
Disclosure of detailed information about royalty interest [Table Text Block]	Balance as at December 31, 2017 $ 21,943 Adjusted for: Depletion (1,732 ) Impairment of royalty interest (7,256 ) Cumulative translation adjustments 1,391 Balance as at December 31, 2018 14,346 Adjusted for: Additions 560 Depletion (802 ) Cumulative translation adjustments (616 ) Balance as at December 31, 2019 $ 13,488

RECLAMATION BONDS (Tables)

RECLAMATION BONDS (Tables)	12 Months Ended
	Dec. 31, 2019
Reclamation Bonds [Abstract]
Disclosure of detailed information about reclamation bonds [Table Text Block]	December 31, 2019 December 31, 2018 U.S.A - various properties $ 680 $ 425 Sweden - various properties 42 13 Turkey - various properties 10 6 Total $ 732 $ 444

ADVANCES FROM JOINT VENTURE P_2

ADVANCES FROM JOINT VENTURE PARTNERS (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of joint ventures [abstract]
Disclosure of detailed information about joint operations [Table Text Block]	December 31, 2019 December 31, 2018 U.S.A. $ 2,305 $ 457 Sweden 99 159 Total $ 2,404 $ 616

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Disclosure of detailed information about number and weighted average exercise prices of share options [Table Text Block]	Weighted Average Number Exercise Price Balance as at December 31, 2017 5,247,500 $ 1.10 Granted 1,810,000 1.32 Exercised (192,500 ) 0.97 Forfeited (90,000 ) 1.11 Balance as at December 31, 2018 6,775,000 $ 1.16 Granted 1,740,000 1.71 Exercised (1,790,300 ) 1.18 Forfeited (10,000 ) 1.45 Balance as at December 31, 2019 6,714,700 1.30 Number of options exercisable as at December 31, 2019 6,697,200 $ 1.30
Disclosure of detailed information about exercise prices of outstanding share options [Table Text Block]	Date Granted Number of Options Exercisable Exercise Price $ Expiry Date June 8, 2015 915,000 915,000 0.66 June 8, 2020 October 18, 2016 1,147,700 1,147,700 1.30 October 18, 2021 August 28, 2017 1,315,000 1,315,000 1.20 August 28, 2022 July 20, 2018 1,537,000 1,537,000 1.30 July 20, 2023 September 20, 2018 75,000 75,000 1.42 September 20, 2023 November 28, 2018 15,000 15,000 1.57 November 28, 2023 December 14,2018 20,000 20,000 1.42 December 14, 2023 June 6, 2019* 1,530,000 1,512,500 1.70 June 6, 2024 September 30, 2019 100,000 100,000 1.77 September 30, 2024 November 18, 2019 60,000 60,000 1.80 November 18, 2024 Total 6,714,700 6,697,200 * Includes options granted for investor relations services that vest 25% every 4 months from the date of grant.
Disclosure of detailed information about restricted share units [Table Text Block]	Number Balance as at December 31, 2017 312,500 Granted 312,500 Balance as at December 31, 2018 625,000 Granted 333,500 Balance as at December 31, 2019 958,500
Disclosure of detailed information about restricted share units outstanding [Table Text Block]	Evaluation Date December 31, 2018 Granted Vested Expired/Cancelled December 31, 2019 December 31, 2019 * 312,500 - - - 312,500 December 31, 2020 312,500 - - - 312,500 December 31, 2021 - 312,500 - - 312,500 November 18, 2022 - 21,000 - - 21,000 Total 625,000 333,500 - - 958,500 *
Disclosure of detailed information about share-based payment arrangements [Table Text Block]	General and Project and Royalty Year ended December 31, 2019 Expenses Generation Costs Total Fair value of stock options vested $ 832 $ 844 $ 1,676 RSU's vested 157 - 157 Share based compensation 179 228 407 Share based compensation settled in cash 77 106 183 $ 1,245 $ 1,178 $ 2,423 General and Administrative Exploration Year ended December 31, 2018 Expenses Expenditures Total Shares issued for services $ 100 $ 167 $ 267 RSU's vested 164 - 164 Fair value of stock options granted 768 622 1,390 $ 1,032 $ 789 $ 1,821
Disclosure of detailed information about options, valuation assumptions [Table Text Block]	Year ended Year ended December 31, 2019 December 31, 2018 Risk free interest rate 1.34% 2.09% Expected life (years) 5 5 Expected volatility 67.60% 69.93% Dividend yield - -
Disclosure of detailed information about warrants, activity [Table Text Block]	Weighted Average Number Exercise Price Balance as at December 31, 2017 and 2018 2,623,306 $ 2.00 Expired (2,623,306 ) 2.00 Balance as at December 31, 2019 - $ -

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of transactions between related parties [abstract]
Disclosure of information about key management personnel [Table Text Block]	Share-based For the year ended December 31, 2019 Salary or Fees Payments Total Management $ 650 $ 568 $ 1,218 Outside directors * 152 282 434 Seabord Services Corp.** 437 - 437 Total $ 1,239 $ 850 $ 2,089 Salary or Fees & Share-based For the year ended December 31, 2018 Bonus Payments Total Management $ 2,693 $ 571 $ 3,264 Outside directors * 1,513 247 1,760 Seabord Services Corp.** 434 - 434 Total $ 4,640 $ 818 $ 5,458 * **
Disclosure of detailed information about accounts payable and accrued liabilities [Table Text Block]	Related Party Assets and Liabilities Service or Term December 31, 2019 December 31, 2018 Amounts due to: David M. Cole, President and CEO Salary and bonus accrual $ 12 $ 1,501 Christina Cepeliauskas, CFO Bonus and expense reimbursement - 238 Jan Steiert, Chief Legal Officer Salary and bonus accrual - 239 Directors Fees and bonus accruals 24 1,387 $ 36 $ 3,365

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings per share [abstract]
Disclosure of detailed information about earnings per share [Table Text Block]	Year ended December 31, 2019 December 31, 2018 Net income (loss) $ (13,820 ) $ 62,118 Weighted average number of common shares outstanding - basic 81,801,575 79,979,320 Dilutive effect of stock options and warrants outstanding - 674,154 Weighted average number of common shares outstanding - diluted 81,801,575 80,653,474 Basic earnings (loss) per share $ (0.17 ) $ 0.78 Diluted earnings (loss) per share $ (0.17 ) $ 0.77

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Major components of tax expense (income) [abstract]
Disclosure of detailed information about deferred taxes [Table Text Block]	December 31, 2019 December 31, 2018 Royalty interest $ (1,385 ) $ (1,690 ) Tax loss carryforwards 3,377 3,204 Other 115 90 Total $ 2,107 $ 1,604
Disclosure of detailed information about temporary difference, unused tax losses and unused tax credits [Table Text Block]	December 31, 2019 December 31, 2018 Expiry Date Range Tax loss carryforwards $ 55,849 $ 47,199 2026-2038 Exploration and evaluation assets 410 595 No expiry Other $ 1,482 $ 19,192 No expiry
Disclosure of detailed information about income tax expense [Table Text Block]	December 31, 2019 December 31, 2018 Current tax expense $ - $ - Deferred tax recovery (415 ) (3,683 ) $ (415 ) $ (3,683 )
Disclosure of detailed information about effective income tax expense recovery [Table Text Block]	December 31, 2019 December 31, 2018 Expected income tax (recovery) $ (3,844 ) $ 15,777 Effect of lower tax rates in foreign jurisdictions 942 (22,238 ) Permanent differences 898 1,332 Change in unrecognized deductible temporary differences and other 1,191 1,627 Foreign exchange 398 (181 ) Total $ (415 ) $ (3,683 )

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of operating segments [abstract]
Disclosure of detailed information about exploration and evaluation assets by location [Table Text Block]	EXPLORATION AND EVALUATION ASSETS December 31, 2019 December 31, 2018 Sweden $ 438 $ 438 Turkey 233 233 U.S.A 875 942 Total $ 1,546 $ 1,613
Disclosure of detailed information about property and equipment by location [Table Text Block]	PROPERTY AND EQUIPMENT December 31, 2019 December 31, 2018 Sweden $ 54 $ 31 U.S.A 590 435 Total $ 644 $ 466

RISK AND CAPITAL MANAGEMENT_ _2

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of detailed information about financial instruments [abstract]
Disclosure of detailed information about financial assets [Table Text Block]	Assets Level 1 Level 2 Level 3 Total Investments $ 3,148 $ 1,258 $ 259 $ 4,665 Warrants - 829 - 829 Strategic Investments 33 4,580 - 4,613 Total $ 3,181 $ 6,667 $ 259 $ 10,107
Disclosure of detailed information about currency risk [Table Text Block]	Accounts US dollars Cash and cash equivalents $ 50,947 Restricted cash 1,387 Trade receivables 372 Accounts payable and accrued liabilities (598 ) Advances from joint venture partners (1,771 ) Net exposure $ 50,337 Canadian dollar equivalent $ 65,518

SUPPLEMENTAL DISCLOSURE WITH _2

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Cash Flow Statement Explanatory [Abstract]
Disclosure of detailed information about cash and cash equivalents [Table Text Block]	December 31, 2019 December 31, 2018 Cash $ 68,994 $ 86,175 Short-term deposits 187 196 Total $ 69,181 $ 86,371
Disclosure of detailed information about changes in non-cash working capital [Table Text Block]	Year ended Year ended December 31, 2019 December 31, 2018 Accounts receivable $ 1,139 $ 1,280 Prepaid expenses (277 ) 13 Accounts payable and accrued liabilities (4,403 ) 4,981 Advances from joint venture partners 460 (193 ) $ (3,081 ) $ 6,081

STATEMENT OF COMPLIANCE AND S_4

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Interest income	$ 1,667	$ 822
Useful lives or depreciation rates, property, plant and equipment	Property and equipment is recorded at cost. Buildings are depreciated using a 5 year straightline method. Equipment is depreciated over its estimated useful life using the declining balance method at a rate of 20% per annum. Depreciation on equipment used directly on exploration projects is included in exploration expenditures for that mineral property.
Description of reasons why presumption investor has significant influence is overcome when its interest in investee is more than twenty per cent	If an investor holds 20% or more of the voting power of the investee, it is presumed that the investor has significant influence, unless it can be clearly demonstrated that this is not the case. Conversely, if the investor holds less than 20% of the voting power of the investee, it is presumed that the investor does not have significant influence, unless such influence can be clearly demonstrated.
Reclassifications [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Profit (loss) from continuing operations		(1,167)
Classified as revenue and other income [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Gain on sale of projects		346
Interest income		$ 821

RESTRICTED CASH (Narrative) (De

RESTRICTED CASH (Narrative) (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Restricted Cash [Line Items]
Restricted cash	$ 1,947	$ 619
Held as collateral for its corporate credit cards [Member]
Restricted Cash [Line Items]
Restricted cash	187	196
Held in trust to be used to offset loan fees [Member]
Restricted Cash [Line Items]
Restricted cash	0	86
Held by wholly-owned subsidiaries for ongoing option agreements [Member]
Restricted Cash [Line Items]
Restricted cash	$ 1,760	$ 337

INVESTMENTS (Narrative) (Detail

INVESTMENTS (Narrative) (Details) $ / shares in Units, $ in Thousands, $ in Thousands	1 Months Ended						12 Months Ended
	Dec. 19, 2019CAD ($)	Dec. 19, 2019USD ($)	Jul. 31, 2019CAD ($)$ / sharesshares	Jun. 30, 2019CAD ($)	Apr. 25, 2019CAD ($)$ / sharesshares	Feb. 20, 2019CAD ($)$ / sharesshares	Dec. 31, 2019CAD ($)$ / sharesshares
Disclosure Of Investments [Line Items]
Payments for investments | $							$ 4,580
Boreal Metals Corp. [Member]
Disclosure Of Investments [Line Items]
Acquired through a private placement, units | shares						1,995,672
Acquired through a private placement, amount | $						$ 190
Acquired through a private placement, per unit						$ 0.095
Risk free interest rate, warrants							1.69%
Expected dividend as percentage, warrants							0.00%
Expected volatility, warrants							112.00%
Forfeiture rate, warrants							0.00%
Expected life, warrants							1 year 1 month 6 days
Acquired additional common shares | shares							2,226,000
Open market price							$ 0.05
Payment for additional custom shares | $							$ 107
Millrock Resources Inc [Member]
Disclosure Of Investments [Line Items]
Net smelter return royalty					1.00%
Acquired through a private placement, units | shares					7,142,857
Acquired through a private placement, amount | $					$ 1,000
Acquired through a private placement, per unit					$ 0.14
Risk free interest rate, warrants							1.70%
Expected dividend as percentage, warrants							0.00%
Expected volatility, warrants							127.00%
Forfeiture rate, warrants							0.00%
Expected life, warrants							1 year 7 months 21 days
Corvus Gold Inc [Member]
Disclosure Of Investments [Line Items]
Purchase of royalty interest | $				$ 350
Equity investment | $				$ 900
Globetrotters Resource Group Inc [Member]
Disclosure Of Investments [Line Items]
Acquired through a private placement, units | shares			1,000,000
Acquired through a private placement, amount | $			$ 500
Acquired through a private placement, per unit			$ 0.50
Rawhide Acquisition Holding, LLC [Member]
Disclosure Of Investments [Line Items]
Percentage of equity interest acquired	19.90%	19.90%
Payments for investments	$ 4,581	$ 3,519
Percentage of distribution taxable income	50.00%	50.00%
Non Brokered [Member] | Millrock Resources Inc [Member]
Disclosure Of Investments [Line Items]
Acquired through a private placement, units | shares			1,300,000
Acquired through a private placement, amount | $			$ 98
Acquired through a private placement, per unit			$ 0.075
Risk free interest rate, warrants							1.70%
Expected dividend as percentage, warrants							0.00%
Expected volatility, warrants							127.00%
Forfeiture rate, warrants							0.00%
Expected life, warrants							1 year 7 months 21 days
Until December 14, 2019 [Member] | Millrock Resources Inc [Member]
Disclosure Of Investments [Line Items]
Warrants exercise price					0.14
Until December 14, 2019 [Member] | Non Brokered [Member] | Millrock Resources Inc [Member]
Disclosure Of Investments [Line Items]
Warrants exercise price			0.14
From December 15, 2019 until December 14, 2020 [Member] | Millrock Resources Inc [Member]
Disclosure Of Investments [Line Items]
Warrants exercise price					0.17
From December 15, 2019 until December 14, 2020 [Member] | Non Brokered [Member] | Millrock Resources Inc [Member]
Disclosure Of Investments [Line Items]
Warrants exercise price			0.17
From December 15, 2020 until December 14, 2021 [Member] | Millrock Resources Inc [Member]
Disclosure Of Investments [Line Items]
Warrants exercise price					$ 0.20
From December 15, 2020 until December 14, 2021 [Member] | Non Brokered [Member] | Millrock Resources Inc [Member]
Disclosure Of Investments [Line Items]
Warrants exercise price			$ 0.20

RECEIVABLES (Narrative) (Detail

RECEIVABLES (Narrative) (Details) $ in Thousands, $ in Thousands	Oct. 10, 2018CAD ($)	Dec. 31, 2019CAD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018CAD ($)
Trade And Other Receivable [Line Items]
Distributions from investments, net		$ 4,952		$ 84,247
Change in value through profit or loss assets related to Akarca receivable balance		0		$ 109
IG Copper, LLC [Member]
Trade And Other Receivable [Line Items]
Distributions from investments, net	$ 84,247	$ 4,952	$ 3,743

PROPERTY AND EQUIPMENT (Narrati

PROPERTY AND EQUIPMENT (Narrative) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Project And Royalty Generation Costs [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation	$ 21	$ 11

LOANS RECEIVABLE (Narrative) (D

LOANS RECEIVABLE (Narrative) (Details) $ in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Nov. 25, 2019CAD ($)	Oct. 16, 2017CAD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019CAD ($)	Dec. 31, 2018CAD ($)
Disclosure Of Loans Receivables [Line Items]
Notes and loans receivable				$ 1,372	$ 478
Revelo Resources Corp. [Member]
Disclosure Of Loans Receivables [Line Items]
Proceeds from non-current borrowings		$ 400
Borrowings, interest rate		1.00%
Bonus from notes receivable issued		$ 20
Notes and loans receivable				526	478
Purchase Of NSR Royalties to settle note recoverable			$ 1,162
Boreal Metals Corp. [Member]
Disclosure Of Loans Receivables [Line Items]
Borrowings, interest rate	8.08%
Notes and loans receivable				$ 846	$ 0
Loan authorised	$ 800
Percentage of loan fee	5.00%
Loan fee	$ 40

INVESTMENT IN AN ASSOCIATED C_3

INVESTMENT IN AN ASSOCIATED COMPANY (Narrative) (Details) $ / shares in Units, $ in Thousands, $ in Thousands	Oct. 10, 2018CAD ($)	Oct. 10, 2018USD ($)	Sep. 27, 2018USD ($)$ / sharesshares	Dec. 31, 2019CAD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018CAD ($)$ / sharesshares	Dec. 31, 2018USD ($)shares	Dec. 31, 2018USD ($)	Dec. 31, 2017CAD ($)
Disclosure of associates [line items]
Distributions received				$ 4,952		$ 84,247
Shares issued pursuant to credit facility (Shares) | shares						381,321	381,321
Shares issued pursuant to credit facility						$ 602	$ 465
Shares issued pursuant to credit facility, value per share | $ / shares						$ 1.58
Interest income				$ 1,667		$ 822
Sprott Private Resource Lending (Collector), LP [Member]
Disclosure of associates [line items]
Notional amount			$ 18,500
Borrowings			$ 18,500
Annual interest rate			12.00%
Legal Fee							194
Borrowings effective interest rate						30.83%		30.83%
Interest expense on borrowing						$ 272	$ 208
Loss on settlement of debt						1,482
Funds held in trust						$ 86
IG Copper, LLC [Member]
Disclosure of associates [line items]
Percentage of equity interest derecognized						39.99%	39.99%
Proportion of ownership interest in associate				19.90%	19.90%	19.90%	19.90%
Investments accounted for using equity method								$ 13,137
Investment in associated companies				$ 0		$ 0			$ 7,579
Consideration received		$ 200,000
Consideration received released from escrow		190,000
Remaining consideration received held in escrow		$ 10,000
Distributions received	$ 84,247			$ 4,952	$ 3,743
Loan to associates			$ 18,500				$ 300
Membership units issued | shares			37,000
Membership units issued, value per share | $ / shares			10
Cash Fee Paid					$ 550
Borrowings effective interest rate						38.64%		38.64%
Interest income						$ 332	254
Gain from early settlement of debt						2,015
Proceeds from interest						$ 64	$ 49

EXPLORATION AND EVALUATION AS_3

EXPLORATION AND EVALUATION ASSETS (Narrative) (Details) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Thousands

May 04, 2015USD ($)

Nov. 30, 2019CAD ($)$ / sharesshares

Aug. 31, 2019CAD ($)

Aug. 31, 2019USD ($)

May 31, 2019USD ($)

Apr. 30, 2019CAD ($)ozshares

Apr. 30, 2019USD ($)oz$ / sharesshares

Feb. 28, 2019shares

Feb. 19, 2019CAD ($)shares

Feb. 19, 2019$ / shares

Nov. 30, 2018CAD ($)

Sep. 24, 2018USD ($)shares

Apr. 30, 2018CAD ($)shares

Apr. 30, 2018USD ($)shares

Feb. 28, 2018USD ($)shares

Jul. 29, 2016CAD ($)

Jul. 29, 2016USD ($)

Jul. 17, 2012shares

Sep. 24, 2009CAD ($)shares

Sep. 24, 2009USD ($)shares

Mar. 31, 2018shares

Dec. 31, 2019CAD ($)$ / sharesshares

Dec. 31, 2019USD ($)$ / sharesshares

Dec. 31, 2018CAD ($)Ounce$ / shares

Dec. 31, 2018USD ($)Ounce

Sep. 25, 2020

Feb. 29, 2020USD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Dec. 31, 2017CAD ($)

Disclosure Of Exploration And Evaluation Assets [Line Items]

Receivables

$ 981

$ 7,506

Cash equivalents

68,994

86,175

$ 3,534

USA South 32 [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Annual proceeds for new acquisition funding

$ 200

Annual Proceeds To Generate New Prospects

$ 800

Option agreement, interest

100.00%

Option agreement, exploration expenditures required

$ 5,000

Net smelter return royalty

2.00%

Proceeds from option agreement

$ 525

Boreal Metals Corp. [Member] | Sweden and Norway [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Annual advance royalty

53

$ 40

$ 20

Aes Madencilik As [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Receivables

$ 903

Proceeds from purchase agreement

$ 2,631

$ 2,000

BCE Inc [Member] | USA Mainspring, Arizona [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual option payment

$ 600

Annual advance royalty

$ 23,000

Production Royalty Percentage

1.00%

1.00%

Advanced royalty payments

$ 100

Additional Extension Payment For Each Year Extension

250

Amount delivered to title holder on exercise of option

$ 11,000

Right To Buy Back Half Royalty Percentage

1.00%

1.00%

Right To Buy Back Half Royalty

$ 10,000

Modum Project [Member] | Boreal Metals Corp. [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Number of equity interests in subsidiary acquired | shares

1,324,181

Equity interests of acquirer, value per share | $ / shares

$ 0.30

Equity interests of acquirer

$ 397

Guldgruvan Cobalt Project [Member] | Boreal Energy Metals Corporation [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Number of equity interests in subsidiary acquired | shares

2,979,798

Percentage of equity interests acquired

5.90%

Njuggtraskliden And Mjovattnet Projects [Member] | Boreal Energy Metals Corporation [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Number of equity interests in subsidiary acquired | shares

2,020,202

2,020,202

Percentage of equity interests acquired

4.00%

4.00%

Proceeds from reimbursement of amounts paid

$ 37

Aggregate Interest

9.90%

9.90%

Proceeds from issuing shares

$ 3,000

Rostvangen Property And Vakkerlien Property [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual option payment

$ 150

Option agreement, interest

100.00%

Number of shares acquired | shares

3,000,000

Definitive sales agreement, description of net smelter royalty

9.9% interest in Playfair, a 3% NSR royalty on the projects, and advance royalty payments. Pursuant to the agreement, Playfair can earn a 100% interest in the project by the issuance of 3,000,000 common shares (received) to EMX and performance of certain work during the option period.

Share Price Per Share | $ / shares

$ 0.05

Gold Line Resources Agreement [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from purchase agreement

$ 127

Proceeds from issuing shares

$ 260

Number of shares acquired | shares

2,555,210

2,555,210

Project ownership percentage acquired

9.90%

9.90%

Definitive sales agreement, description of equity ownership continuing obligation

Upon closing, the agreement provides EMX with a 9.9% interest in GLR, a free carry of its 9.9% interest until GLR has raised $5,000 in equity; reimbursement of license fees totaling US$101 ($133 received), advance royalty payments, and a 3% royalty interest in the properties.

Upon closing, the agreement provides EMX with a 9.9% interest in GLR, a free carry of its 9.9% interest until GLR has raised $5,000 in equity; reimbursement of license fees totaling US$101 ($133 received), advance royalty payments, and a 3% royalty interest in the properties.

Definitive sales agreement, description of advanced annual royalty payments

3% royalty interest in the properties. Within six years of the closing date, GLR has the right to buy down up to 1% of the royalty owed to EMX (leaving EMX with a 2% NSR royalty) by paying EMX 2,500 ounces of gold, or the cash equivalent.

3% royalty interest in the properties. Within six years of the closing date, GLR has the right to buy down up to 1% of the royalty owed to EMX (leaving EMX with a 2% NSR royalty) by paying EMX 2,500 ounces of gold, or the cash equivalent.

Share Price Per Share | $ / shares

$ 0.05

Additional Number Of Shares Acquired | shares

5,000

5,000

License Fee Expense

$ 101

Reimbursement of license fees received

$ 133

Gold equivalent of proceeds received (ounces) | oz

2,500

2,500

Riddarhyttan Project [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Description of terms of option agreement

Upon exercise of the option, EMX will retain a 3% NSR royalty, 0.75% of which may be purchased by South32 for US$1,900 within five years of executing the agreement.

Upon exercise of the option, EMX will retain a 3% NSR royalty, 0.75% of which may be purchased by South32 for US$1,900 within five years of executing the agreement.

Riddarhyttan Project [Member] | USA South 32 [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Option agreement, interest

100.00%

100.00%

Option agreement, exploration expenditures required

$ 5,000

Proceeds from option agreement

$ 200

Cathedral Well Property [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from option agreement

$ 33

$ 25

Ounces of gold equivalent to payment | Ounce

20

20

Hardshell Skarn Property [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual advance minimum royalty

13

10

Copper Springs project [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from option agreement

66

50

$ 40

Copper King [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from option agreement

66

50

50

Buckhorn Creek Property [Member] | USA - Kennecott [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Option agreement, interest

100.00%

Option agreement, exploration expenditures required

$ 4,500

Proceeds from option agreement

$ 550

50

Superior West project [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual option payment

$ 1,000

$ 133

100

$ 131

100

Description of terms of net smelter return royalty

Kennecott has the right to buy down 1% of the NSR royalty from underlying claim holders by payment of US$4,000 to EMX.

Option agreement, interest

100.00%

Option agreement, exploration expenditures required

$ 5,500

Net smelter return royalty

2.00%

Proceeds from option agreement

$ 149

Proceeds from purchase agreement

$ 4,000

Yerington West Property [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual option payment

98

75

Description of terms of net smelter return royalty

Under the agreement, once the earn-in has been completed, EMX can convert its interest to a 2.5% NSR. Hudbay has the option to buy down 1.5% of the NSR for US$4,500.

Under the agreement, once the earn-in has been completed, EMX can convert its interest to a 2.5% NSR. Hudbay has the option to buy down 1.5% of the NSR for US$4,500.

Option agreement, interest

80.00%

80.00%

Option agreement, shares received | shares

85,000

85,000

Option agreement, exploration expenditures required

$ 1,000

Proceeds from option agreement

140

Advanced production payments

375

Annual royalty payment not yet received

75

Swift And Selena Gold Projects [Member] | Ridgeline Minerals Corporation [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from milestone payments

$ 2,200

Proceeds from purchase agreement

$ 275

Proceeds from issuing shares

$ 249

Number of shares acquired | shares

2,077,718

Project ownership percentage acquired

9.90%

Share Price Per Share | $ / shares

$ 0.12

Execution payment (received)

$ 20

Production Royalty Percentage

3.25%

Non-dilution right through capital raises

$ 2,500

Sisorta Property [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual option payment

125

125

Balya Property [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Net smelter return royalty

4.00%

4.00%

Proceeds from an adjusted royalty payment

88

103

Golcuk Transfer and Royalty Agreement [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Exploration license, ownership percentage

100.00%

Golcuk Transfer and Royalty Agreement, shares received | shares

3,000,000

Trab 23 And Alankoy Properties [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Description of gold payments associated with share purchase agreement

Upon closing, EMX will receive 40 ounces of gold or cash equivalent for the Alanköy project (US$63 received in February 2020) and 30 ounces of gold or cash equivalent for the Trab-23 project (US$47 received in February 2020). EMX will receive an uncapped 2.5% NSR royalty on each project. For the Alanköy project, EMX will receive annual AAR payments of 35 ounces of gold for the first three years of the agreement, 45 ounces of gold in years 4 through 6 of the agreement, and 70 ounces of gold from and after the 7th anniversary. For the Trab-23 project, EMX will receive AAR payments of 35 ounces of gold through the 4th anniversary of the agreement, and 45 ounces of gold from and after the 5th anniversary. For each project, EMX will receive a milestone payment of 500 ounces of gold upon receipt of key mine development permits.

Kimberley Copper Project [Member] | Enfield Exploration Corporation [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Number of shares commited under agreement | shares

500,000

Value of shares commited under agreement

$ 1,000

Number of shares issued upon achievement of certain milestones | shares

1,750,000

After Exercise Of Option Member | Riddarhyttan Project [Member] | USA South 32 [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Description of terms of option agreement

After exercising the option, AAR payments of 50,000 pounds of copper or the cash equivalent will be due to EMX, but will be deductible from future royalty payments.

After exercising the option, AAR payments of 50,000 pounds of copper or the cash equivalent will be due to EMX, but will be deductible from future royalty payments.

Between Fifth And Seventh Anniversaries [Member] | Yerington West Property [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual advance minimum royalty

$ 50

Between Eighth And Tenth Anniversaries [Member] | Yerington West Property [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual advance minimum royalty

$ 75

Advanced production payments

$ 75

Every six months commencing February 1, 2017 [Member] | Aes Madencilik As [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Description of gold payments associated with share purchase agreement

500 ounces of gold every six months commencing February 2, 2017 up to a cumulative total of 7,000 ounces of gold;

500 ounces of gold every six months commencing February 2, 2017 up to a cumulative total of 7,000 ounces of gold;

Within 30 days after the commencement of commercial production [Member] | Aes Madencilik As [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Description of gold payments associated with share purchase agreement

7,000 ounces of gold within 30 days after the commencement of commercial production from the Property provided that prior gold payments will be credited against this payment;

7,000 ounces of gold within 30 days after the commencement of commercial production from the Property provided that prior gold payments will be credited against this payment;

Upon production of 100,000 ounces of gold [Member] | Aes Madencilik As [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Description of gold payments associated with share purchase agreement

250 ounces of gold upon production of 100,000 ounces of gold from the Property;

250 ounces of gold upon production of 100,000 ounces of gold from the Property;

Upon production of an aggregate of 500,000 ounces of gold [Member] | Aes Madencilik As [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Description of gold payments associated with share purchase agreement

250 ounces of gold upon production of an aggregate of 500,000 ounces of gold from the Property;

250 ounces of gold upon production of an aggregate of 500,000 ounces of gold from the Property;

Upon Completion Of Feasibility Study [Member] | Riddarhyttan Project [Member] | USA South 32 [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Description of terms of option agreement

The AAR may be repurchased by South 32 for US$2,500. In addition, South32 will make milestone payments of: (a) 350,000 pounds of copper (or the cash equivalent) upon publication of a maiden resource on the project, and (b) 750,000 pounds of copper (or the cash equivalent) upon delivery of a feasibility study.

The AAR may be repurchased by South 32 for US$2,500. In addition, South32 will make milestone payments of: (a) 350,000 pounds of copper (or the cash equivalent) upon publication of a maiden resource on the project, and (b) 750,000 pounds of copper (or the cash equivalent) upon delivery of a feasibility study.

Upon 500 ounces of gold [Member] | Aes Madencilik As [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from disposal of exploration and evaluation assets

656

Upon 600 ounces of gold [Member] | Aes Madencilik As [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from disposal of exploration and evaluation assets

$ 849

$ 608

Second Anniversary Date Of Agreement [Member] | Swift And Selena Gold Projects [Member] | Ridgeline Minerals Corporation [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Definitive sales agreement, description of advanced annual royalty payments

(increasing by US$5 per year to a maximum of US$75)

Advanced royalty payments

$ 10

Upon Execution Of Agreement [Member] | BCE Inc [Member] | USA Mainspring, Arizona [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual option payment

$ 66

50

First Anniversary Date [Member] | BCE Inc [Member] | USA Mainspring, Arizona [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from annual option payment

50

Thirty Days After Completion Of Feasibility Study Member | BCE Inc [Member] | USA Mainspring, Arizona [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from milestone payments

$ 2,000

Norra Metals Corp. ("Norra")

Disclosure Of Exploration And Evaluation Assets [Line Items]

Proceeds from issuing shares

$ 289

$ 11

Number of shares acquired | shares

4,808,770

356,500

356,500

Project ownership percentage acquired

9.90%

Definitive sales agreement, description of equity ownership continuing obligation

Norra has the continuing obligation to issue additional shares of Norra to EMX to maintain its aggregate 9.9% interest in Norra, at no additional cost to EMX, until Norra has raised $5,000 in equity. Thereafter, EMX will have the right to participate pro-rata in future financings at its own cost to maintain its 9.9% interest in Norra.

Norra has the continuing obligation to issue additional shares of Norra to EMX to maintain its aggregate 9.9% interest in Norra, at no additional cost to EMX, until Norra has raised $5,000 in equity. Thereafter, EMX will have the right to participate pro-rata in future financings at its own cost to maintain its 9.9% interest in Norra.

Definitive sales agreement, description of net smelter royalty

The Company will retain a 3% NSR royalty on the projects.

Share Price Per Share | $ / shares

$ 0.06

$ 0.03

Additional Number Of Shares Acquired | shares

5,000

5,000

Norra Metals Corp. ("Norra") | British Columbia [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Definitive sales agreement, description of net smelter royalty

EMX has also been granted a 1% NSR royalty on Norra's Pyramid project in British Columbia.

Purchase and sale agreements subsequent to reporting date [Member] | Upon closing receive 40 ounces of gold [Member] | Trab 23 And Alankoy Properties [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Cash equivalents

$ 63

Purchase and sale agreements subsequent to reporting date [Member] | Upon closing receive 30 ounces of gold [Member] | Trab 23 And Alankoy Properties [Member]

Disclosure Of Exploration And Evaluation Assets [Line Items]

Cash equivalents

$ 47

ROYALTY INTERESTS (Narrative) (

ROYALTY INTERESTS (Narrative) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Royalty Interests [Line Items]
Royalty income	$ 1,439	$ 2,131
Royalty Interest Depletion	$ 802	1,732
Gold tax, percentage	5.00%
Direct Gold Tax Amount	$ 42	92
Royalty interest	13,488	$ 14,346	$ 21,943
Corvus Royalty Interests [Member]
Royalty Interests [Line Items]
Royalty interest	$ 350
Corvus Royalty Interests [Member] | Bottom of range [member]
Royalty Interests [Line Items]
Net Smelter Return Royalty	1.00%
Corvus Royalty Interests [Member] | Top of range [member]
Royalty Interests [Line Items]
Net Smelter Return Royalty	3.00%
Millrock Royalty Interests [Member]
Royalty Interests [Line Items]
Royalty interest	$ 211
Leeville Mine [Member]
Royalty Interests [Line Items]
Gross smelter return royalty	1.00%
East Ore Body Mine [Member]
Royalty Interests [Line Items]
Gross smelter return royalty	1.00%
North Pipeline [Member]
Royalty Interests [Line Items]
Description of production royalty	Should the property become producing, the Company will receive a production royalty of US$0.50 per yard of ore processed or 4% of net profit, whichever is greater.

GOODWILL (Narrative) (Details)

GOODWILL (Narrative) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Intangible assets and goodwill [abstract]
Writedown of goodwill		$ (1,879)
Net decrease of deferred income tax liability		$ (862)

CAPITAL STOCK (Narrative) (Deta

CAPITAL STOCK (Narrative) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019CAD ($)ShareYear$ / sharesshares	Dec. 31, 2018CAD ($)ShareYear$ / sharesshares	Dec. 31, 2018USD ($)ShareYearshares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Shares issued for exercise of stock options (shares) | shares	1,790,300	192,500	192,500
Shares issued for exercise of options	$ 2,103,000	$ 186,000
Employment and consulting agreements (Shares) | shares		21,084	21,084
Employment and consulting agreements		$ 24,000
Shares issued pursuant to credit facility (Shares) | shares		381,321	381,321
Shares issued pursuant to credit facility		$ 602,000	$ 465
Shares issued pursuant to credit facility, value per share | $ / shares		$ 1.58
Description of stock option plan	The maximum number of shares that may be reserved for issuance under the plan is limited to 10% of the issued common shares of the Company at any time.
Description of option vesting schedule	options granted for investor relations services that vest 25% every 4 months from the date of grant.
Weighted average remaining contractual life of outstanding share options | Year	3.10	2.80	2.80
Share-based Payments	$ 2,423,000	$ 1,821,000
Weighted average fair value of the stock options granted	$ 0.97	$ 0.78
Number of share options granted in share-based payment arrangement | Share	1,740,000	1,810,000	1,810,000
Capital stock [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Shares issued for exercise of options	$ 2,103,000	$ 186,000
Incentive Stock Grant Program [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Shares issued pursuant to an incentive stock grant program (shares) | shares	346,865	204,963	204,963
Shares issued pursuant to an incentive stock grant program		$ 266,000
Exploration expenditure		$ 166,000
Restricted Share Unit Plan [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares issued as 70% paid in shares from total shares awarded | shares	239,405
Value of shares issued as 70% paid in shares from total shares awarded	$ 407,000
Number of shares issued as remaining 30% settled in cash from total shares awarded | shares	107,460
Share issue price per share | $ / shares	$ 1.70
Total of RSU's are reserved for issuance | Share	3,200,000

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019CAD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018CAD ($)	Dec. 31, 2018USD ($)
Disclosure of transactions between related parties [line items]
Key management personnel compensation	$ 2,089		$ 5,458
Key management personnel compensation discretionary bonus			$ 5,224
Non-Executive Chairman [Member]
Disclosure of transactions between related parties [line items]
Key management personnel compensation		$ 5		$ 5

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Major components of tax expense (income) [abstract]
Canadian federal and provincial statutory income tax rate	27.00%	27.00%

SEGMENTED INFORMATION (Narrativ

SEGMENTED INFORMATION (Narrative) (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure of operating segments [line items]
Royalty interest	$ 13,488	$ 14,346	$ 21,943
Serbia [Member]
Disclosure of operating segments [line items]
Royalty interest	$ 200

RISK AND CAPITAL MANAGEMENT_ _3

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS (Narrative) (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure of detailed information about financial instruments [line items]
Working capital	$ 75,178	$ 88,902
Strategic investments	4,613	$ 33
Rawhide LLC
Disclosure of detailed information about financial instruments [line items]
Strategic investments	$ 4,580
Market Risk [Member]
Disclosure of detailed information about financial instruments [line items]
Potential change in market prices	10.00%
Value at risk	$ 9,700
Currency Risk [Member]
Disclosure of detailed information about financial instruments [line items]
Potential change in market prices	10.00%
Value at risk	$ 6,552

SUPPLEMENTAL DISCLOSURE WITH _3

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Narrative) (Details) $ / shares in Units, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019CAD ($)	Dec. 31, 2018CAD ($)$ / sharesshares	Dec. 31, 2018USD ($)
Disclosure Of Cash Flow Statement Explanatory [Line Items]
Change in fair value of financial instruments		$ (49)
Equity investment share-based payments		247
Currency translation adjustment	$ (533)	1,209
CTA gain (loss) on royalty interest	(616)	1,391
CTA gain (loss) on goodwill		59
CTA gain (loss) on deferred tax liability	88	(259)
CTA gain (loss) in the net assets of a subsidiary	5	17
Investment amount of shares received		484	$ 370
Reclass from commitment to issue shares	2,240	$ 1,839
Number of shares issued for credit facility | shares		381,321
Value of share issued for credit facility		$ 602
Shares issued for credit facility, value per share | $ / shares		$ 1.58
Reclass of investment in associated entity		$ 911
Capital stock [Member]
Disclosure Of Cash Flow Statement Explanatory [Line Items]
Reclass of reserves on exercise of options	1,035	90
Reclass from commitment to issue shares	407	291
Share-based payments [Member]
Disclosure Of Cash Flow Statement Explanatory [Line Items]
Equity investment share-based payments		247
Reclass of reserves on exercise of options	(1,035)	(90)
Reclass from commitment to issue shares	$ 1,833	1,572
Share capital [member]
Disclosure Of Cash Flow Statement Explanatory [Line Items]
Reclass from commitment to issue shares		$ 24

EVENTS SUBSEQUENT TO THE REPO_2

EVENTS SUBSEQUENT TO THE REPORTING DATE (Narrative) (Details) € in Millions	12 Months Ended
	Dec. 31, 2019CAD ($)Shareshares	Dec. 31, 2019USD ($)Shareshares	Dec. 31, 2019EUR (€)Shareshares	Dec. 31, 2018CAD ($)Share	Dec. 31, 2019USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Strategic investments	$ 4,613,000			$ 33,000
Number of share options granted in share-based payment arrangement | Share	1,740,000	1,740,000	1,740,000	1,810,000
Weighted average exercise price of share options granted in share-based payment arrangement	$ 1.71			$ 1.32
Number of share options exercised in share-based payment arrangement | Share	1,790,300	1,790,300	1,790,300	192,500
Proceeds from exercise of options	$ 2,103,000			$ 186,000
Payments for acquisition of royalty interests	$ 560,000
Revelo Resources Corp. [Member]
Disclosure of non-adjusting events after reporting period [line items]
Payments for acquisition of royalty interests		$ 1,162,000
Transfer of the Balya royalty property in Turkey [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of retained Net Smelter Return Royalty on uncapped and not repurchased property	4.00%	4.00%	4.00%
Strategic investment in Ensero Holdings, Inc [Member]
Disclosure of non-adjusting events after reporting period [line items]
Strategic investments					$ 3,790,000
Amount of preferred shares received		$ 3,620,000
Percentage of preferred shares held	65.00%	65.00%	65.00%
Percentage of annual dividend on preferred shares	6.00%	6.00%	6.00%
Redemption of preferred stock, principal amount					$ 3,620,000
Amount of common shares received		$ 171,000
Percentage of equity holding	7.50%	7.50%	7.50%
Option agreement for Espedalen, Hosanger, and Sigdal nickel copper cobalt projects [Member]
Disclosure of non-adjusting events after reporting period [line items]
Net smelter return royalty	3.00%				3.00%
Percentage of issued and outstanding capital which may be issued as certain conditions are satisfied	9.90%	9.90%	9.90%
Acquisition of Kaukua Royalty [Member]
Disclosure of non-adjusting events after reporting period [line items]
Payments for Net Smelter Return royalties		$ 125,000
Shares issued for net smelter return royalty | shares	52,000	52,000	52,000
Percentage of Net Smelter Return Royalty acquired on various exploration licenses	2.00%	2.00%	2.00%
Percentage of Net Smelter Return Royalty purchased prior to delivery of bankable feasibility study	1.00%	1.00%	1.00%
Amount of bankable feasibility study | €			€ 1
Remaining percentage of uncapped and not repurchased Net Smelter Return Royalty	1.00%	1.00%	1.00%
Sale of Tomtebo and Trollberget projects in Sweden to District Metals Corp [Member]
Disclosure of non-adjusting events after reporting period [line items]
Net smelter return royalty	2.50%				2.50%
Cash received on sale of projects		$ 35,000
Percentage of equity interest in district	9.90%	9.90%	9.90%
Stock options granted [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of share options granted in share-based payment arrangement | Share	60,000	60,000	60,000
Weighted average exercise price of share options granted in share-based payment arrangement	$ 2.22
Description of maximum term of options granted for share-based payment arrangement	5 years	5 years	5 years
Number of share options exercised in share-based payment arrangement | Share	290,800	290,800	290,800
Proceeds from exercise of options	$ 327,000

STATEMENT OF COMPLIANCE AND S_5

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Disclosure of subsidiaries (Details)	12 Months Ended
	Dec. 31, 2019
Bullion Monarch Mining, Inc [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
EMX (USA) Services Corp. [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
Bronco Creek Exploration Inc. [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
EMX - NSW1 PTY LTD. [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
EMX Broken Hill PTY LTD. [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
Eurasia Madencilik Ltd. Sirketi [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
Eurasian Minerals Sweden AB [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
Viad Royalties AB [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
EV Metals AB [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
EMX Finland OY [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
EMX Norwegian Services AS [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%

INVESTMENTS - Disclosure of det

INVESTMENTS - Disclosure of detailed information about investments (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Investments [Line Items]
Financial assets at fair value through profit or loss, Cost	$ 6,190	$ 2,594
Financial assets at fair value through profit or loss, Accumulated unrealised (loss) gain	(696)	(1,058)
Financial assets at fair value through profit or loss, Fair value	5,494	1,536
Financial assets at fair value through other comprehensive income, Cost	5,490	910
Financial assets at fair value through other comprehensive income, Accumulated unrealised gain (loss)	(877)	(877)
Financial assets at fair value through other comprehensive income, Fair value	4,613	33
Investments, Cost	11,680	3,504
Investments, Accumulated unrealised gain (loss)	(1,573)	(1,935)
Investments, Fair value	10,107	1,569
Marketable Securities [Member]
Disclosure Of Investments [Line Items]
Financial assets at fair value through profit or loss, Cost	3,915	1,683
Financial assets at fair value through profit or loss, Accumulated unrealised (loss) gain	(767)	(1,058)
Financial assets at fair value through profit or loss, Fair value	3,148	625
Financial assets at fair value through other comprehensive income, Cost	910	910
Financial assets at fair value through other comprehensive income, Accumulated unrealised gain (loss)	(877)	(877)
Financial assets at fair value through other comprehensive income, Fair value	33	33
Warrants [Member]
Disclosure Of Investments [Line Items]
Financial assets at fair value through profit or loss, Cost	314
Financial assets at fair value through profit or loss, Accumulated unrealised (loss) gain	515
Financial assets at fair value through profit or loss, Fair value	829
Private Company Investments [Member]
Disclosure Of Investments [Line Items]
Financial assets at fair value through profit or loss, Cost	1,961	911
Financial assets at fair value through profit or loss, Accumulated unrealised (loss) gain	(444)	0
Financial assets at fair value through profit or loss, Fair value	1,517	$ 911
Financial assets at fair value through other comprehensive income, Cost	4,580
Financial assets at fair value through other comprehensive income, Accumulated unrealised gain (loss)	0
Financial assets at fair value through other comprehensive income, Fair value	$ 4,580

RECEIVABLES - Disclosure of det

RECEIVABLES - Disclosure of detailed information about receivables (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Trade And Other Current Receivable [Line Items]
Receivables	$ 981	$ 7,506
Distribution receivable from an investment in an associated entity [Member]
Trade And Other Current Receivable [Line Items]
Receivables	0	5,451
Sale of Akarca [Member]
Trade And Other Current Receivable [Line Items]
Receivables	0	903
Loan Fees [Member]
Trade And Other Current Receivable [Line Items]
Receivables	0	187
Royalty income receivable [Member]
Trade And Other Current Receivable [Line Items]
Receivables	15	145
Refundable taxes [Member]
Trade And Other Current Receivable [Line Items]
Receivables	174	176
Recoverable exploration expenditures and advances [Member]
Trade And Other Current Receivable [Line Items]
Receivables	460	264
Other [Member]
Trade And Other Current Receivable [Line Items]
Receivables	$ 332	$ 380

RECEIVABLES - Disclosure of d_2

RECEIVABLES - Disclosure of details about currency of receivables (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Trade And Other Current Currencies Receivable [Line Items]
Receivables	$ 981	$ 7,506
Canadian Dollars [Member]
Trade And Other Current Currencies Receivable [Line Items]
Receivables	158	484
US Dollars [Member]
Trade And Other Current Currencies Receivable [Line Items]
Receivables	453	6,934
Swedish Krona [Member]
Trade And Other Current Currencies Receivable [Line Items]
Receivables	370	72
Other [Member]
Trade And Other Current Currencies Receivable [Line Items]
Receivables	$ 0	$ 16

PROPERTY AND EQUIPMENT - Disclo

PROPERTY AND EQUIPMENT - Disclosure of detailed information about property, plant and equipment (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	$ 466
Property, plant and equipment at end of period	644	$ 466
Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	1,217	1,190
Additions	199	27
Property, plant and equipment at end of period	1,416	1,217
Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	751	740
Additions	21	11
Property, plant and equipment at end of period	772	751
Computer [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	0
Property, plant and equipment at end of period	0	0
Computer [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	110	110
Additions	0	0
Property, plant and equipment at end of period	110	110
Computer [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	110	110
Additions	0	0
Property, plant and equipment at end of period	110	110
Field [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	27
Property, plant and equipment at end of period	82	27
Field [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	87	60
Additions	75	27
Property, plant and equipment at end of period	162	87
Field [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	60	49
Additions	20	11
Property, plant and equipment at end of period	80	60
Office [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	0
Property, plant and equipment at end of period	0	0
Office [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	2	2
Additions	0	0
Property, plant and equipment at end of period	2	2
Office [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	2	2
Additions	0	0
Property, plant and equipment at end of period	2	2
Building [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	20
Property, plant and equipment at end of period	143	20
Building [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	599	599
Additions	124	0
Property, plant and equipment at end of period	723	599
Building [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	579	579
Additions	1	0
Property, plant and equipment at end of period	580	579
Land [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	419
Property, plant and equipment at end of period	419	419
Land [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	419	419
Additions	0	0
Property, plant and equipment at end of period	419	419
Land [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	0	0
Additions	0	0
Property, plant and equipment at end of period	$ 0	$ 0

LOANS RECEIVABLE - Disclosure o

LOANS RECEIVABLE - Disclosure of detailed information about loans receivables (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Loans Receivables [Line Items]
Loan receivable	$ 1,372	$ 478
Revelo Resources Corp. [Member]
Disclosure Of Loans Receivables [Line Items]
Loan receivable	526	478
Boreal Metals Corp. [Member]
Disclosure Of Loans Receivables [Line Items]
Loan receivable	$ 846	$ 0

INVESTMENT IN AN ASSOCIATED C_4

INVESTMENT IN AN ASSOCIATED COMPANY - Disclosure of detailed information about changes in investment in IGC (Details) - IG Copper, LLC [Member] - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of associates [line items]
Balance	$ 0	$ 7,579
Additional investments in IGC	0	2,265
Dilution loss	0	(578)
Share of equity income	0	98,919
Equity investment share based payments	0	246
Distributions received	0	(89,490)
Loss on derecognition of an investment in associated entity	0	(18,030)
Derecognized as an investment in associated entity	0	(911)
Balance	$ 0	$ 0

INVESTMENT IN AN ASSOCIATED C_5

INVESTMENT IN AN ASSOCIATED COMPANY - Disclosure of detailed information about associates (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of associates [line items]
Aggregate assets	$ 102,227	$ 114,852
Aggregate liabilities	(3,732)	(6,347)
Income (loss) for the year	(13,820)	$ 62,118
IG Copper, LLC [Member]
Disclosure of associates [line items]
Aggregate assets	0
Aggregate liabilities	0
Income (loss) for the year	$ 0
The Company's ownership %	19.90%	19.90%
The Company's share of income (loss) for the year	$ 98,919

REVENUE AND GENERAL AND ADMIN_3

REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES - Disclosure of detailed information about revenue and other income (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Revenue And General And Administrative Expenses [Abstract]
Royalty revenue	$ 1,439	$ 2,131
Interest income	1,667	822
Other property income	1,978	583
Revenue and other income	$ 5,084	$ 3,536

REVENUE AND GENERAL AND ADMIN_4

REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES - Disclosure of detailed information about General and administrative expenses (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Revenue And General And Administrative Expenses [Abstract]
Salaries, consultants, and benefits	$ 1,885	$ 1,158
Professional fees	1,111	309
Investor relations and shareholder information	756	529
Transfer agent and filing fees	174	174
Administrative and office	968	836
Travel	233	103
General and administrative expenses	$ 5,127	$ 3,109

EXPLORATION AND EVALUATION AS_4

EXPLORATION AND EVALUATION ASSETS - Disclosure of detailed information about exploration assets (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Exploration And Evaluation Assets [Line Items]
Exploration and evaluation assets	$ 1,546	$ 1,613
Sweden [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Exploration and evaluation assets	17	17
Sweden - Viad royalties [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Exploration and evaluation assets	421	421
Turkey - Alankoy [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Exploration and evaluation assets	154	154
Turkey - Trab [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Exploration and evaluation assets	79	79
USA - Super West, Arizona [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Exploration and evaluation assets	603	736
USA - Yerington, Nevada [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Exploration and evaluation assets	206	$ 206
USA Mainspring, Arizona [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Exploration and evaluation assets	$ 66

EXPLORATION AND EVALUATION AS_5

EXPLORATION AND EVALUATION ASSETS - Disclosure of detailed information about exploration expenditures (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	$ 15,723	$ 8,141
Recoveries from partners	(7,277)	(1,956)
Net Expenditures	8,446	6,185
Administration Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	488	555
Field and technical costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures		1,960
Drilling, technical, and support costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	5,794
Personnel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	4,735	2,895
Professional costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	810	582
Property Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	2,244	960
Share-based payments [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	1,178	789
Travel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	474	400
Scandinavia [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	4,660	2,728
Recoveries from partners	(2,921)	(1,277)
Net Expenditures	1,739	1,451
Scandinavia [Member] | Administration Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	165	142
Scandinavia [Member] | Field and technical costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures		1,172
Scandinavia [Member] | Drilling, technical, and support costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	1,422
Scandinavia [Member] | Personnel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	1,732	736
Scandinavia [Member] | Professional costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	251	132
Scandinavia [Member] | Property Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	543	150
Scandinavia [Member] | Share-based payments [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	321	223
Scandinavia [Member] | Travel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	226	173
USA [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	7,877	4,268
Recoveries from partners	(4,021)	(679)
Net Expenditures	3,856	3,589
USA [Member] | Administration Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	214	239
USA [Member] | Field and technical costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures		541
USA [Member] | Drilling, technical, and support costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	2,557
USA [Member] | Personnel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	2,375	1,911
USA [Member] | Professional costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	243	197
USA [Member] | Property Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	1,674	744
USA [Member] | Share-based payments [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	647	460
USA [Member] | Travel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	167	176
Turkey [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	470	629
Recoveries from partners	(17)	0
Net Expenditures	453	629
Turkey [Member] | Administration Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	66	145
Turkey [Member] | Field and technical costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures		89
Turkey [Member] | Drilling, technical, and support costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	40
Turkey [Member] | Personnel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	114	113
Turkey [Member] | Professional costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	133	189
Turkey [Member] | Property Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	65	14
Turkey [Member] | Share-based payments [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	45	63
Turkey [Member] | Travel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	7	16
Australia And New Zealand [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	2,609	447
Recoveries from partners	(317)	0
Net Expenditures	2,292	447
Australia And New Zealand [Member] | Administration Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	42	29
Australia And New Zealand [Member] | Field and technical costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures		138
Australia And New Zealand [Member] | Drilling, technical, and support costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	1,775
Australia And New Zealand [Member] | Personnel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	375	141
Australia And New Zealand [Member] | Professional costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	174	27
Australia And New Zealand [Member] | Property Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	28	52
Australia And New Zealand [Member] | Share-based payments [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	144	31
Australia And New Zealand [Member] | Travel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	71	29
Other [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	107	69
Recoveries from partners	(1)	0
Net Expenditures	106	69
Other [Member] | Administration Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	1	0
Other [Member] | Field and technical costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures		20
Other [Member] | Drilling, technical, and support costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	0
Other [Member] | Personnel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	139	(6)
Other [Member] | Professional costs [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	9	37
Other [Member] | Property Cost [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	(66)	0
Other [Member] | Share-based payments [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	21	12
Other [Member] | Travel [Member]
Disclosure Of Exploration And Evaluation Assets [Line Items]
Expenditures	$ 3	$ 6

ROYALTY INTERESTS - Disclosure

ROYALTY INTERESTS - Disclosure of detailed information about royalty interests (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Royalty Interests [Abstract]
Royalty interest, beginning balance	$ 14,346	$ 21,943
Additions	560
Depletion	(802)	(1,732)
Impairment of royalty interest		(7,256)
Cumulative translation adjustments	(616)	1,391
Royalty interest, ending balance	$ 13,488	$ 14,346

RECLAMATION BONDS - Disclosure

RECLAMATION BONDS - Disclosure of detailed information about reclamation bonds (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Exploration And Evaluation Assets By Geography [Line Items]
Reclamation bonds	$ 732	$ 444
USA [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Reclamation bonds	680	425
Sweden [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Reclamation bonds	42	13
Turkey [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Reclamation bonds	$ 10	$ 6

ADVANCES FROM JOINT VENTURE P_3

ADVANCES FROM JOINT VENTURE PARTNERS - Disclosure of joint operations (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Exploration And Evaluation Assets By Geography [Line Items]
Advances from joint venture partners	$ 2,404	$ 616
USA [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Advances from joint venture partners	2,305	457
Sweden [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Advances from joint venture partners	$ 99	$ 159

CAPITAL STOCK - Disclosure of n

CAPITAL STOCK - Disclosure of number and weighted average exercise prices of share options (Details)	12 Months Ended
	Dec. 31, 2019CAD ($)Share	Dec. 31, 2018CAD ($)Share
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Number of share options outstanding in share-based payment arrangement at beginning of period | Share	6,775,000	5,247,500
Weighted average exercise price of share options outstanding in share-based payment arrangement at beginning of period | $	$ 1.16	$ 1.10
Number of share options granted in share-based payment arrangement | Share	1,740,000	1,810,000
Weighted average exercise price of share options granted in share-based payment arrangement | $	$ 1.71	$ 1.32
Number of share options exercised in share-based payment arrangement | Share	(1,790,300)	(192,500)
Weighted average exercise price of share options exercised in share-based payment arrangement | $	$ 1.18	$ 0.97
Number of share options forfeited in share-based payment arrangement | Share	(10,000)	(90,000)
Weighted average exercise price of share options forfeited in share-based payment arrangement | $	$ 1.45	$ 1.11
Number of share options outstanding in share-based payment arrangement at end of period | Share	6,714,700	6,775,000
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of period | $	$ 1.3	$ 1.16
Number of share options exercisable in share-based payment arrangement | Share	6,697,200
Weighted average exercise price of share options exercisable in share-based payment arrangement | $	$ 1.3

CAPITAL STOCK - Disclosure of r

CAPITAL STOCK - Disclosure of range of exercise prices of outstanding share options (Details)	12 Months Ended
	Dec. 31, 2019CAD ($)Share	Dec. 31, 2018Share	Dec. 31, 2017Share
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	6,714,700	6,775,000	5,247,500
Number of share options exercisable in share-based payment arrangement	6,697,200
Granted June 8, 2015 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	915,000
Number of share options exercisable in share-based payment arrangement	915,000
Exercise price of outstanding share options | $	$ 0.66
Expiry Date	June 8, 2020
Granted October 18, 2016 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	1,147,700
Number of share options exercisable in share-based payment arrangement	1,147,700
Exercise price of outstanding share options | $	$ 1.30
Expiry Date	October 18, 2021
Granted August 28, 2017 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	1,315,000
Number of share options exercisable in share-based payment arrangement	1,315,000
Exercise price of outstanding share options | $	$ 1.20
Expiry Date	August 28, 2022
Granted July 20, 2018 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	1,537,000
Number of share options exercisable in share-based payment arrangement	1,537,000
Exercise price of outstanding share options | $	$ 1.30
Expiry Date	July 20, 2023
Granted September 20, 2018 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	75,000
Number of share options exercisable in share-based payment arrangement	75,000
Exercise price of outstanding share options | $	$ 1.42
Expiry Date	September 20, 2023
Granted November 28, 2018 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	15,000
Number of share options exercisable in share-based payment arrangement	15,000
Exercise price of outstanding share options | $	$ 1.57
Expiry Date	November 28, 2023
Granted December 14,2018 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	20,000
Number of share options exercisable in share-based payment arrangement	20,000
Exercise price of outstanding share options | $	$ 1.42
Expiry Date	December 14, 2023
Granted June 6, 2019 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	1,530,000
Number of share options exercisable in share-based payment arrangement	1,512,500
Exercise price of outstanding share options | $	$ 1.70
Expiry Date	June 6, 2024
Granted September 30, 2019 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	100,000
Number of share options exercisable in share-based payment arrangement	100,000
Exercise price of outstanding share options | $	$ 1.77
Expiry Date	September 30, 2024
Granted November 18, 2019 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	60,000
Number of share options exercisable in share-based payment arrangement	60,000
Exercise price of outstanding share options | $	$ 1.80
Expiry Date	November 18, 2024

CAPITAL STOCK - Disclosure of d

CAPITAL STOCK - Disclosure of detailed information about change in restricted share units outstanding (Details) - Share	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Restricted share units, beginning of period	625,000	312,500
Granted	333,500	312,500
Restricted share units, end of period	958,500	625,000

CAPITAL STOCK - Disclosure of_2

CAPITAL STOCK - Disclosure of detailed information about restricted share units (Details) - Share	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of terms and conditions of share-based payment arrangement [line items]
Restricted share units, beginning of period	625,000	312,500
Granted	333,500	312,500
Vested	0
Expired/Cancelled	0
Restricted share units, end of period	958,500	625,000
December 31, 2019 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Restricted share units, beginning of period	312,500
Granted	0
Vested	0
Expired/Cancelled	0
Restricted share units, end of period	312,500	312,500
December 31, 2020 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Restricted share units, beginning of period	312,500
Granted	0
Vested	0
Expired/Cancelled	0
Restricted share units, end of period	312,500	312,500
December 31, 2021 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Restricted share units, beginning of period	0
Granted	312,500
Vested	0
Expired/Cancelled	0
Restricted share units, end of period	312,500	0
November 18, 2022 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Restricted share units, beginning of period	0
Granted	21,000
Vested	0
Expired/Cancelled	0
Restricted share units, end of period	21,000	0

CAPITAL STOCK - Disclosure of s

CAPITAL STOCK - Disclosure of share-based payment arrangements (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	$ 2,423	$ 1,821
Fair value of stock options vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	1,676
Shares issued for services [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments		267
RSU's vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	157	164
Share based compensation [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	407
Share based compensation settled in cash [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	183
Fair value of stock options granted [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments		1,390
General and Administrative Expenses [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	1,245	1,032
General and Administrative Expenses [Member] | Fair value of stock options vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	832
General and Administrative Expenses [Member] | Shares issued for services [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments		100
General and Administrative Expenses [Member] | RSU's vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	157	164
General and Administrative Expenses [Member] | Share based compensation [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	179
General and Administrative Expenses [Member] | Share based compensation settled in cash [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	77
General and Administrative Expenses [Member] | Fair value of stock options granted [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments		768
Project And Royalty Generation Costs [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	1,178
Project And Royalty Generation Costs [Member] | Fair value of stock options vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	844
Project And Royalty Generation Costs [Member] | RSU's vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	0
Project And Royalty Generation Costs [Member] | Share based compensation [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	228
Project And Royalty Generation Costs [Member] | Share based compensation settled in cash [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	$ 106
Exploration Expenditures [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments		789
Exploration Expenditures [Member] | Shares issued for services [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments		167
Exploration Expenditures [Member] | RSU's vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments		0
Exploration Expenditures [Member] | Fair value of stock options granted [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments		$ 622

CAPITAL STOCK - Disclosure of_3

CAPITAL STOCK - Disclosure of detailed information about options, valuation assumptions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019CAD ($)Year	Dec. 31, 2018CAD ($)Year
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Risk free interest rate	1.34%	2.09%
Expected life (years) | Year	5	5
Expected volatility	67.60%	69.93%
Dividend yield | $	$ 0	$ 0

CAPITAL STOCK - Disclosure of_4

CAPITAL STOCK - Disclosure of detailed information about warrants, activity (Details)	12 Months Ended
	Dec. 31, 2019CAD ($)Share	Dec. 31, 2018CAD ($)Share
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Number of warrants outstanding in share-based payment arrangement at beginning of period | Share	2,623,306	2,623,306
Weighted average exercise price of warrants outstanding in share-based payment arrangement at beginning of period | $	$ 2	$ 2
Number of warrants expired in share-based payment arrangement | Share	(2,623,306)	0
Weighted average exercise price of warrants expired in share-based payment arrangement | $	$ 2	$ 0
Number of warrants outstanding in share-based payment arrangement at end of period | Share	0	2,623,306
Weighted average exercise price of warrants outstanding in share-based payment arrangement at end of period | $	$ 0	$ 2

RELATED PARTY TRANSACTIONS - Di

RELATED PARTY TRANSACTIONS - Disclosure of information about key management personnel (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of transactions between related parties [line items]
Salary or Fees	$ 1,239	$ 4,640
Share-based Payments	850	818
Key management personnel compensation	2,089	5,458
Management [Member]
Disclosure of transactions between related parties [line items]
Salary or Fees	650	2,693
Share-based Payments	568	571
Key management personnel compensation	1,218	3,264
Outside directors [Member]
Disclosure of transactions between related parties [line items]
Salary or Fees	152	1,513
Share-based Payments	282	247
Key management personnel compensation	434	1,760
Seabord Services Corp. [Member]
Disclosure of transactions between related parties [line items]
Salary or Fees	437	434
Share-based Payments	0	0
Key management personnel compensation	$ 437	$ 434

RELATED PARTY TRANSACTIONS - _2

RELATED PARTY TRANSACTIONS - Disclosure of accounts payable and accrued liabilities (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure of transactions between related parties [line items]
Accounts payable and accrued liabilities	$ 36	$ 3,365
David M. Cole, President and CEO
Disclosure of transactions between related parties [line items]
Accounts payable and accrued liabilities	12	1,501
Christina Cepeliauskas, CFO
Disclosure of transactions between related parties [line items]
Accounts payable and accrued liabilities	0	238
Jan Steiert, Chief Legal Officer
Disclosure of transactions between related parties [line items]
Accounts payable and accrued liabilities	0	239
Directors
Disclosure of transactions between related parties [line items]
Accounts payable and accrued liabilities	$ 24	$ 1,387

NET INCOME (LOSS) PER SHARE - D

NET INCOME (LOSS) PER SHARE - Disclosure of net income (loss) per share (Details) - CAD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Earnings per share [abstract]
Net income (loss)	$ (13,820)	$ 62,118
Weighted average number of common shares outstanding - basic	81,801,575	79,979,320
Dilutive effect of stock options and warrants outstanding	0	674,154
Weighted average number of common shares outstanding - diluted	81,801,575	80,653,474
Basic earnings (loss) per share	$ (0.17)	$ 0.78
Diluted earnings (loss) per share	$ (0.17)	$ 0.77

INCOME TAXES - Disclosure of de

INCOME TAXES - Disclosure of deferred taxes (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income tax asset and (liability)	$ 2,107	$ 1,604
Royalty interest [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income tax asset and (liability)	(1,385)	(1,690)
Tax loss carryforwards [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income tax asset and (liability)	3,377	3,204
Other [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income tax asset and (liability)	$ 115	$ 90

INCOME TAXES - Disclosure of te

INCOME TAXES - Disclosure of temporary difference, unused tax losses and unused tax credits (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Tax loss carryforwards [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognized	$ 55,849	$ 47,199
Exploration and evaluation assets [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognized	410	595
Other [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognized	$ 1,482	$ 19,192

INCOME TAXES - Disclosure of in

INCOME TAXES - Disclosure of income tax expense (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Major components of tax expense (income) [abstract]
Current tax expense	$ 0	$ 0
Deferred tax recovery	(415)	(3,683)
Income Tax Expense	$ (415)	$ (3,683)

INCOME TAXES - Disclosure of _2

INCOME TAXES - Disclosure of detailed information about effective income tax expense recovery (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Major components of tax expense (income) [abstract]
Expected income tax (recovery)	$ (3,844)	$ 15,777
Effect of lower tax rates in foreign jurisdictions	942	(22,238)
Permanent differences	898	1,332
Change in unrecognized deductible temporary differences and other	1,191	1,627
Foreign exchange	398	(181)
Income Tax Expense	$ (415)	$ (3,683)

SEGMENTED INFORMATION - Disclos

SEGMENTED INFORMATION - Disclosure of exploration and evaluation assets by location (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure of operating segments [line items]
Exploration and evaluation assets	$ 1,546	$ 1,613
Sweden [Member]
Disclosure of operating segments [line items]
Exploration and evaluation assets	438	438
Turkey [Member]
Disclosure of operating segments [line items]
Exploration and evaluation assets	233	233
USA [Member]
Disclosure of operating segments [line items]
Exploration and evaluation assets	$ 875	$ 942

SEGMENTED INFORMATION - Discl_2

SEGMENTED INFORMATION - Disclosure of property and equipment by location (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure of operating segments [line items]
Property and equipment	$ 644	$ 466
Sweden [Member]
Disclosure of operating segments [line items]
Property and equipment	54	31
USA [Member]
Disclosure of operating segments [line items]
Property and equipment	$ 590	$ 435

RISK AND CAPITAL MANAGEMENT_ _4

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS - Disclosure of financial assets (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure of detailed information about financial instruments [line items]
Investments	$ 4,665
Warrants	829
Strategic investments	4,613	$ 33
Total	10,107
Level 1 [Member]
Disclosure of detailed information about financial instruments [line items]
Investments	3,148
Warrants	0
Strategic investments	33
Total	3,181
Level 2 [Member]
Disclosure of detailed information about financial instruments [line items]
Investments	1,258
Warrants	829
Strategic investments	4,580
Total	6,667
Level 3 [Member]
Disclosure of detailed information about financial instruments [line items]
Investments	259
Warrants	0
Strategic investments	0
Total	$ 259

RISK AND CAPITAL MANAGEMENT_ _5

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS - Disclosure of currency risk (Details) $ in Thousands, $ in Thousands	Dec. 31, 2019CAD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018CAD ($)	Dec. 31, 2017CAD ($)
Disclosure of detailed information about financial instruments [line items]
Cash and cash equivalents	$ 68,994		$ 86,175	$ 3,534
Restricted cash	187		619
Trade receivables	981		7,506
Accounts payable and accrued liabilities	(1,328)		(5,731)
Advances from joint venture partners	(2,404)		$ (616)
Currency Risk [Member]
Disclosure of detailed information about financial instruments [line items]
Cash and cash equivalents		$ 50,947
Restricted cash		1,387
Trade receivables		372
Accounts payable and accrued liabilities		(598)
Advances from joint venture partners		(1,771)
Net exposure	$ 65,518	$ 50,337

SUPPLEMENTAL DISCLOSURE WITH _4

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS - Disclosure of cash and cash equivalents (Details) - CAD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Cash Flow Statement Explanatory [Abstract]
Cash	$ 68,994	$ 86,175
Short-term deposits	187	196
Total	$ 69,181	$ 86,371

SUPPLEMENTAL DISCLOSURE WITH _5

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS - Disclosure of Changes in non-cash working capital (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Cash Flow Statement Explanatory [Abstract]
Accounts receivable	$ 1,139	$ 1,280
Prepaid expenses	(277)	13
Accounts payable and accrued liabilities	(4,403)	4,981
Advances from joint venture partners	460	(193)
Changes in non-cash working capital items	$ 3,081	$ (6,081)