EMX Royalty (EMX) 40-F 31 Mar 21 2020 FY Annual report (Canada) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2020shares
Document and Entity Information [Abstract]
Document Type	40-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Entity Registrant Name	EMX Royalty Corp
Entity Central Index Key	0001285786
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	84,677,831
Entity Current Reporting Status	Yes
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current
Cash and cash equivalents	$ 52,418	$ 68,994
Restricted cash	1,222	1,760
Investments	16,755	5,494
Trade and settlement receivables, and other assets	2,876	981
Loans receivable	500	1,372
Prepaid expenses	407	309
Total current assets	74,178	78,910
Non-current
Restricted cash	196	187
Strategic investments	8,871	4,613
Property and equipment	746	644
Royalty and other property interests	18,496	15,034
Reclamation bonds	456	732
Deferred income tax asset		2,107
Total non-current assets	28,765	23,317
TOTAL ASSETS	102,943	102,227
Current
Accounts payable and accrued liabilities	3,618	1,328
Advances from joint venture partners	1,565	2,404
TOTAL LIABILITIES	5,183	3,732
SHAREHOLDERS' EQUITY
Capital stock	132,678	128,776
Reserves	26,433	25,063
Deficit	(61,351)	(55,344)
TOTAL SHAREHOLDERS' EQUITY	97,760	98,495
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 102,943	$ 102,227

CONSOLIDATED STATEMENTS OF LOSS

CONSOLIDATED STATEMENTS OF LOSS - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Statement
REVENUE AND OTHER INCOME	$ 7,199	$ 5,084
COSTS AND EXPENSES
General and administrative	5,172	5,127
Project and royalty generation costs, net	8,430	8,446
Depletion, depreciation, and direct royalty taxes	1,226	844
Share-based payments	1,994	1,245
TOTAL COSTS AND EXPENSES	16,822	15,662
Loss from operations	(9,623)	(10,578)
Change in fair value of fair value through profit or loss assets	6,162	362
Gain on sale of marketable securities	250	61
Foreign exchange loss	(177)	(3,646)
Impairment of accounts receivable		(434)
Loss before income taxes	(3,388)	(14,235)
Deferred income tax recovery (expense)	(2,113)	415
Income tax expense	(506)	0
Loss for the year	$ (6,007)	$ (13,820)
Basic and diluted loss per share	$ (0.07)	$ (0.17)
Weighted average no. of shares outstanding - diluted	83,680,193	81,801,575

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of Income and Comprehensive Income
Loss for the year	$ (6,007)	$ (13,820)
Other comprehensive income (loss)
Change in fair value of financial instruments	31
Currency translation adjustment	(234)	(533)
Comprehensive loss for the year	$ (6,210)	$ (14,353)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Loss for the year	$ (6,007)	$ (13,820)
Items not affecting operating activities:
Interest income received	(880)	(1,612)
Unrealized foreign exchange effect on cash and cash equivalents	1,967	3,476
Items not affecting cash:
Change in fair value of fair value through profit or loss assets	(6,162)	(362)
Share - based payments	2,784	2,240
Deferred income tax expense (recovery)	2,113	(415)
Depreciation	63	21
Depletion	1,123	802
Interest income, finance charges, net of settlement gains		(94)
Realized gain on sale of investments	(250)	(61)
Impairment of accounts receivable		434
(Gain) loss on sale of royalty and other property interests	88	(849)
Shares received pursuant to property agreements	(3,756)	(150)
Unrealized foreign exchange gain	(31)	(5)
Changes in non-cash working capital items	(13)	(3,081)
Total cash used in operating activities	(8,961)	(13,476)
Cash flows used investing activities
Option payments received	579	67
Interest received on cash and cash equivalents	295	1,612
Dividends and other distributions	207	4,952
Acquisition of royalty and other property interests	(5,120)	(560)
Purchase of preferred shares	(4,797)	0
Proceeds (purchases) of fair value through profit and loss investments, net	395	(2,536)
Purchase of fair value through other comprehensive income investments	0	(4,580)
Loans receivable	526	(800)
Purchase and sale of property and equipment, net	(165)	(199)
Reclamation bonds	276	(288)
Total cash used in investing activities	(7,804)	(2,332)
Cash flows from financing activities
Proceeds from exercise of options	2,156	2,103
Total cash provided by financing activities	2,156	2,103
Effect of exchange rate changes on cash and cash equivalents	(1,967)	(3,476)
Change in cash and cash equivalents	(16,576)	(17,181)
Cash and cash equivalents, beginning	68,994	86,175
Cash and cash equivalents, ending	$ 52,418	$ 68,994

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - CAD ($) $ in Thousands	Capital stock [Member]	Share-based payments [Member]	Accumulated other comprehensive gain (loss) [Member]	Deficit [Member]	Total
Beginning Balance at Dec. 31, 2018	$ 125,231	$ 15,145	$ 9,653	$ (41,524)	$ 108,505
Beginning 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
Reclass of reserves for exercise of options	1,035	(1,035)
Share-based payments	407	1,833			$ 2,240
Share-based payments (Shares)					239,405
Foreign currency translation adjustment			(533)		$ (533)
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
Shares issued for royalty and other property interests	535				$ 535
Shares issued for royalty and other property interests (shares)					155,271
Shares issued for exercise of stock options	2,156				$ 2,156
Shares issued for exercise of stock options (shares)					1,967,800
Reclass of reserves for exercise of options	1,211	(1,211)
Share-based payments		2,784			$ 2,784
Foreign currency translation adjustment			(234)		(234)
Change in fair value of financial instruments			31		31
Loss for the year				(6,007)	(6,007)
Ending Balance at Dec. 31, 2020	$ 132,678	$ 17,516	$ 8,917	$ (61,351)	$ 97,760
Ending Balance (Shares) at Dec. 31, 2020					84,677,831

NATURE OF OPERATIONS AND GOING

NATURE OF OPERATIONS AND GOING CONCERN	12 Months Ended
	Dec. 31, 2020
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" and the Frankfurt Stock Exchange under the symbol "6E9". 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. In March 2020, the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. It is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on the Company's business or ability to raise funds. 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, 2020
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 Corporation, 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 EMX Properties (Canada) Inc. Canada 100% 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 Finland 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 Mining, Inc. 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, loans 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 loans 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 common shares and 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 long term 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 changes in fair value of financial instruments. 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. Other property interests and royalty generation expenditures Acquisition costs for property interests, net of recoveries, are capitalized on a property-by-property basis. Acquisition costs include cash consideration and the value of common shares, issued for property interests pursuant to the terms of the agreement. Royalty generation 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. A property interest 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. 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-employees 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. Loss per share The Company presents basic loss per share data for its common shares, calculated by dividing the 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 loss per share computation of diluted 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 interests 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) Other property interests Recorded costs of other property interests are not intended to reflect present or future values of other property interests. 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. c) 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. d) Valuation of investments in private entities The Company values its investments in private entities at fair value at each reporting date. When the fair values of these financial instruments cannot be measured based upon quoted prices in active markets, their fair value is based on estimates made by management using valuation techniques. The inputs to these valuation models are taken from observable market data where possible, including concurrent third party investments, but where this is not feasible, a degree of judgement is required in establishing fair value. Changes in assumptions related to these inputs could affect the reported fair value of the financial instruments. 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.

RESTRICTED CASH

RESTRICTED CASH	12 Months Ended
	Dec. 31, 2020
Restricted Cash And Cash Equivalent Abstract
RESTRICTED CASH [Text Block]	3. RESTRICTED CASH At December 31, 2020, the Company classified $1,418 (December 31, 2019 - $1,947) as restricted cash. This amount is comprised of $196 (December 31, 2019 - $187) held as collateral for its corporate credit cards and $1,222 (2019 - $1,760) in 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, 2020
Disclosure Of Investments [Abstract]
INVESTMENTS [Text Block]	4. INVESTMENTS At December 31, 2020 and December 31, 2019, the Company had the following investments: December 31, 2020 December 31, 2019 Marketable securities $ 14,717 $ 4,665 Warrants 636 829 Private company investments 10,273 4,613 Total Investments 25,626 10,107 Less: current portion (16,755 ) (5,494 ) Non-current portion $ 8,871 $ 4,613 During the year ended December 31, 2020, the Company closed a $5,023 (US$3,790) strategic investment in Ensero Holdings, Inc., a privately-held Delaware corporation. Ensero Holdings, Inc. operates through its wholly-owned subsidiary Ensero Solutions, Inc. ("Ensero") formerly known as Alexco Environmental Group. Pursuant to the closing, the Company received $4,797 (US$3,620) in Ensero Preferred Shares (the "Preferred Shares"), representing 65% of Ensero's preferred shares, with 6% annual interest payments, paid in quarterly increments over a six-year term. Starting in year six, the Preferred Shares will be redeemed in eight equal, quarterly payments totaling twice the principal amount (US$7,240). The Company also received $226 (US$171) in common shares representing a 7.5% equity holding of Ensero. Anti-dilution provisions will apply for the first two years of the agreement. During the year ended December 31, 2020, the Company recognized $526 in interest income on the investment which has been included in revenue and other income. On December 19, 2019, EMX acquired a 19.9% interest in Rawhide Acquistion Holding, LLC ("RAH" or "Rawhide"), 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. Subsequent to December 31, 2020 the Company increased its interest in RAH by making an additional investment of US $1,250 for 201,613 Class A common shares. During the year ended December 31, 2020 the Company also received investments as proceeds for various property deals (Note 9).

TRADE AND SETTLEMENT RECEIVABLE

TRADE AND SETTLEMENT RECEIVABLES, AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2020
Trade and other receivables [abstract]
TRADE AND SETTLEMENT RECEIVABLES, AND OTHER ASSETS [Text Block]	5. TRADE AND SETTLEMENT RECEIVABLES, AND OTHER ASSETS The Company's receivables are primarily related to royalty income 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, 2020 and December 31, 2019, the current receivables were as follows: Category December 31, 2020 December 31, 2019 Royalty income receivable $ 66 $ 15 Refundable taxes 1,723 174 Recoverable exploration expenditures and advances 679 460 Other 408 332 Total $ 2,876 $ 981 During the year ended December 31, 2020 the Company received $Nil distributions owing from IGC Copper LLC related to the sale of the Malmyzh project (2019 - $4,952 (US$3,743)). The carrying amounts of the Company’s current receivables are denominated in the following currencies: Currency December 31, 2020 December 31, 2019 Canadian Dollars $ 243 $ 158 US Dollars 367 453 Swedish Krona 2,266 370 Total $ 2,876 $ 981

LOANS RECEIVABLE

LOANS RECEIVABLE	12 Months Ended
	Dec. 31, 2020
Disclosure Of Loans Receivables [Abstract]
LOANS RECEIVABLE [Text Block]	6. LOANS RECEIVABLE On October 16, 2017, the Company issued a note receivable to Revelo Resources Corp. ("RVL" or "Revelo"), a former related party by way of a common director and common officer 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. During the year ended December 31, 2020, RVL repaid the loan, accumulated interest, and bonus amount for total proceeds of $526. On November 25, 2019 the Company entered into a loan agreement with Norden Crown Metals Corp. (formerly Boreal Metals Corp.) ("NCM") whereby the Company loaned $800 to NCM for one year. NCM 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 NCM at not less than the market price of NCM common shares in accordance with TSX-V Policy. NCM 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 NCM; 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. In August 2020 the Company entered into an amended credit facility agreement with NCM. The Company received an aggregate 7,368,304 units of NCM and each unit consisted of one common share in the capital of NCM and one common share purchase warrant, with each warrant being exercisable at a price of $0.11 for a period of 24 months from the date of issuance. In return for the units received, the parties agreed to reduce the principal amount of debt to $482 with interest accruing on the new principal from the date of the amended agreement at a rate of 0.65% per month, compounded monthly, as well as a six month extension of the maturity date to May 25, 2021. As at December 31, 2020, the balance of the loan including interest was $500 (December 31, 2019 - $846). December 31,2020 December 31, 2019 Revelo Resources Corp. $ — $ 526 Norden Crown Metals Corp. 500 846 Total $ 500 $ 1,372

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [abstract]
PROPERTY AND EQUIPMENT [Text Block]	7. PROPERTY AND EQUIPMENT During the year ended December 31, 2020 depreciation of $27 (2019 - $21) has been included in project and royalty generation costs. Computer Field Office Building Land Total Cost 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 Additions — 165 — — — 165 Disposals and derecognition (59 ) (5 ) — — — (64 ) As at December 31, 2020 $ 51 $ 322 $ 2 $ 723 $ 419 $ 1,517 Accumulated depreciation As at December 31, 2018 $ 110 $ 60 $ 2 $ 579 $ — $ 751 Additions — 20 — 1 — 21 As at December 31, 2019 110 80 2 580 — 772 Additions — 37 — 26 — 63 Disposals and derecognition (59 ) (5 ) — — — (64 ) As at December 31, 2020 $ 51 $ 112 $ 2 $ 606 $ — $ 771 Net book value As at December 31, 2019 $ — $ 82 $ — $ 143 $ 419 $ 644 As at December 31, 2020 $ — $ 210 $ — $ 117 $ 419 $ 746

REVENUE AND GENERAL AND ADMINIS

REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2020
Disclosure Of Revenue And General And Administrative Expenses [Abstract]
REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES [Text Block]	8. REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES During the year ended December 31, 2020 and 2019, the Company had the following sources of revenue, and general and administrative expenses: Revenue and other income Year ended Year ended December 31, 2020 December 31, 2019 Royalty revenue $ 1,478 $ 1,439 Option and other property income 4,700 1,978 Interest income 937 1,667 Dividend Income 84 — $ 7,199 $ 5,084 General and administrative expenses Year ended Year ended December 31, 2020 December 31, 2019 Salaries, consultants, and benefits $ 2,360 $ 1,885 Professional fees 968 1,111 Investor relations and shareholder information 604 756 Transfer agent and filing fees 222 174 Administrative and office 944 968 Travel 74 233 $ 5,172 $ 5,127

ROYALTY AND OTHER PROPERTY INTE

ROYALTY AND OTHER PROPERTY INTERESTS	12 Months Ended
	Dec. 31, 2020
Royalty And Other Property Interests [Abstract]
ROYALTY AND OTHER PROPERTY INTERESTS [Text Block]	9. ROYALTY AND OTHER PROPERTY INTERESTS As at and for the year ended December 31, 2020: Cumulative translation Country December 31, 2019 Additions Recoveries Depletion adjustments December 31, 2020 Royalty Interests Leeville USA $ 12,583 $ — $ — $ (1,123 ) $ (209 ) $ 11,251 Afgan USA 145 — — — — 145 Corvus USA 350 — — — — 350 Millrock USA 210 — — — — 210 Frontline Portfolio Canada — 148 — — — 148 Revelo Portfolio Chile — 1,684 — — — 1,684 Kaukua Finland — 260 — — — 260 Timok Serbia 200 — — — — 200 13,488 2,092 — (1,123 ) (209 ) 14,248 Other Property Interests Frontline Portfolio Canada — 651 — — — 651 Perry Portfolio Canada — 2,991 (570 ) — — 2,421 Superior West USA 603 — (139 ) — — 464 Yerington USA 206 — (64 ) — — 142 Mainspring USA 66 66 — — — 132 Viad Sweden 421 — — — — 421 Various Sweden 17 — — — — 17 Alankoy Turkey 154 — (154 ) — — — Trab Turkey 79 — (79 ) — — — 1,546 3,708 (1,006 ) — — 4,248 Total $ 15,034 $ 5,800 $ (1,006 ) $ (1,123 ) $ (209 ) $ 18,496 As at and for the year ended December 31, 2019: Cumulative translation Country December 31, 2018 Additions Recoveries Depletion adjustments December 31, 2019 Royalty Interests Leeville USA $ 14,001 $ — $ — $ (802 ) $ (616 ) $ 12,583 Afgan USA 145 — — — — 145 Corvus USA — 350 — — — 350 Millrock USA — 210 — — — 210 Timok Serbia 200 — — — — 200 14,346 560 — (802 ) (616 ) 13,488 Other Property Interests Superior West USA 736 — (133 ) — — 603 Yerington USA 206 — — — — 206 Mainspring USA — 66 — — — 66 Viad Sweden 421 — — — — 421 Various Sweden 17 — — — — 17 Alankoy Turkey 154 — — — — 154 Trab Turkey 79 — — — — 79 1,613 66 (133 ) — — 1,546 Total $ 15,959 $ 626 $ (133 ) $ (802 ) $ (616 ) $ 15,034 ROYALTY INTERESTS During the year ended December 31, 2020 the Company entered into acquisition agreements for certain royalty interests in Canada, Chile and the Kaukua deposit in northern Finland. Revelo Portfolio Interests In March 2020, the Company closed the acquisition of certain NSR royalty interests from Revelo for $1,684 (US$1,162). Kaukua Royalty Interests In March 2020, the Company completed the acquisition of a 2% NSR royalty on various exploration licenses (the "Kaukua Royalty") in Finland from Akkerman Exploration B.V., a private Netherlands Company ("Akkerman"). The Kaukua Royalty was acquired from Akkerman by the Company for $125 (paid) and the issuance of 52,000 EMX shares issued and valued at $136. The Company's NSR royalty applies to all future mineral production from the Kaukua Royalty licenses. Palladium One can purchase 1% of the NSR royalty prior to the delivery of a "bankable feasibility study" for €1,000. The remaining 1% of the NSR royalty is uncapped, and cannot be repurchased. Corvus Royalty Interests During the year ended December 31, 2019, pursuant to an acquisition agreement with Corvus Gold Inc. ("Corvus"), EMX acquired a portfolio of NSR royalty interests for $350 ranging from 1—3% in Alaska's Goodpaster Mining District. Millrock Royalty Interests During the year ended December 31, 2019, pursuant to a private placement financing and acquisition agreement, the Company acquired certain royalty interests for $210 from Millrock Resources Inc. ("Millrock") in Alaska's Goodpaster Mining District. Carlin Trend Royalties The Company holds royalty interests in the Carlin Trend in Nevada which includes the following properties: Leeville Mine: Located in Eureka County, Nevada, the Company is receiving a continuing 1% gross smelter return royalty (“GSRR”). East Ore Body Mine: Located in Eureka County, Nevada, the property is currently being mined and the Company is receiving a continuing 1% GSRR. North Pipeline: Located in Lander County, Nevada. Should the property become producing, the Company will receive the greater of a production royalty of US$0.50 per yard of ore processed or 4% of net profit. During the year ended December 31, 2020, $1,478 (2019 - $1,439) in royalty income was included in revenue and other income. Applied only against the Leeville Mine was depletion of $1,123 (2019 - $802) and a 5% direct gold tax of $67 (2019 - $42). OTHER PROPERTY INTERESTS During the year ended December 31, 2020, the Company had the following changes related to other property interests: Canada Frontline Portfolio In December 2020, the Company executed a purchase agreement for a portfolio of property interests from Frontline Gold Corporation ("Frontline"). The Frontline portfolio was acquired by the Company for $400 (paid) and the issuance of 103,271 EMX common shares issued and valued at $399. The portfolio consists of claims, distributed over four properties (Gullrock Lake, Duchess, Red Lake, and Tilly) in the heart of the Red Lake mining district, Ontario, all of which are currently optioned to, or operated by, Pacton Gold Inc. The agreement includes expected option payments of $118 over the next two years, as well as share-based option payments to be received, with the Company retaining NSR royalty interests that range from 0.25% to 2.25% on the four properties. Perry Portfolio In June 2020, the Company acquired a portfolio of properties in Canada from 1544230 Ontario Inc., for cash consideration of $2,991. Certain properties acquired are optioned to third parties and include provisions for NSR royalty interests that range from 0.75% to 2.5%. The Perry portfolio contains staged option payments of more than $2,500 over four years, as well as share-based payments for equity interests in the respective partners. During the year ended December 31, 2020 the Company received $570 in staged option payments which have been applied against the carrying cost of the portfolio. USA Antelope Project In March 2020, the Company entered into an option agreement for the Antelope project in Nevada to Hochschild Mining (US) Inc. ("Hochschild") . Pursuant to the agreement, Hochschild has the option to acquire up to a 100% interest in the project by making a cash payment of US$100 (received), of which US$80 was for the reimbursement of 2019 holding costs and a US$20 execution payment, making staged option payments of US$580, and spending US$1,500 in exploration expenditures over a five year option period from the effective date. Upon exercise of the option, EMX will retain a 4% NSR royalty, 1.5% of which may be purchased by Hochschild under certain conditions. Annual advance royalty ("AAR") payments of US$50 will commence on the first anniversary of the exercise of the option, increasing to US$100 upon the completion of a preliminary economic assessment. Certain milestone payments totaling US$2,500 will also be due to the Company upon completion of certain requirements. Erickson Ridge, South Orogrande, and Robber Gulch Projects In April 2020, the Company entered into three separate option agreements for the Erickson Ridge, South Orogrande, and Robber Gulch projects in Idaho with Gold Lion Resources (NV) Inc., a subsidiary of Gold Lion Resources Inc. ("Gold Lion"). Each project is covered by a separate agreement. Pursuant to each agreement, Gold Lion can exercise its option to earn 100% interest in a given project by making option payments totaling US$600 (US$45 received as an execution payment) to the Company, delivering a total of 950,000 common shares of Gold Lion to the Company (200,000 per agreement received), and completing US$1,500 in exploration expenditures before the fifth anniversary of the agreements. Upon Gold Lion's exercise of the option for a project, the Company will retain a 3.5% NSR royalty on the project, of which Gold Lion may purchase up to 1.5% of the NSR royalty (the first 0.5% for 350 ounces of gold prior to the third anniversary after exercise of the option, then the remaining 1.0% can be purchased at any time thereafter for 1,150 ounces of gold). After exercise of the option, AAR payments are due to the Company starting at US$30, and increasing US$10 per year to a maximum of US$80 per year. All AAR payments for a project cease upon commencement of production from that project. In addition, Gold Lion will make milestone payments for a given project to the Company consisting of: (a) 300 ounces of gold upon completion of a preliminary economic assessment, (b) 550 ounces of gold upon completion of a prefeasibility study, and (c) 650 ounces of gold upon completion of a feasibility study. All gold bullion payments can be made as the cash equivalent in USD. The initial 600,000 common shares received were valued at $210, or $0.35 per share and included in revenue and other income for the year ended December 31, 2020. Swift and Selena, Nevada 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"). 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 was included in revenue and other income for the year ended December 31, 2019. During the year ended December 31, 2020, the Company received $27 (US$20) anniversary payment being US$10 for each project and 113,681 common shares of Ridgeline valued at $25 and included in revenue and other income for the year as required under anti-dilution provisions in the agreement. Cathedral Well, Nevada During the year ended December 31, 2020, the Company received $75 (US$56) for the 2019 and 2020 AMR payments from Ely Gold Royalties Inc. to keep the Cathedral Well agreement entered into in June 2014 in good standing. Hardshell Skarn, Arizona During the year ended December 31, 2020, the Company received $7 (US$5) (2019 - $13 (US$10)) being the 2020 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 $66 (US$50) pursuant to the Copper Springs option entered into in February 2017. Anglo American terminated the Copper Springs agreement during the year ended December 31, 2019. The Company continues to hold the underlying licenses in good standing and subsequent to the year ended December 31, 2020, entered into a new agreement with South 32 USA Exploration Inc. ("South32"). Copper King, Arizona During the year ended December 31, 2020, the Company received the annual option payment of $67 (US$50) required for 2020 (2019 - $66 (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 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$500 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, 2020, the Company received the annual option payment of $139 (US$100) (2019 - $133 (US$100)) to keep the option in good standing. The option payment was credited to capitalized costs. 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") 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 US$375 being US$50 per year between the fifth and seventh anniversaries (received), and US$75 per year between the eighth and tenth anniversaries (US$75 received during the year ended December 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 December 31, 2019 the agreement with Hudbay expired. On December 11, 2020, the Company, through its wholly-owned subsididary BCE, entered into a new exploration and option agreement whereby Hudbay, through a subsidiary, can earn up to a 100% interest in the project by paying to BCE a $64 (US$50) execution payment (received), making anniversary payments totaling US$200 being US$50 per year for the first and second anniversaries, and US$100 on the third anniversary. After exercise of the option, annual advance minimum royalty payments and milestone payments will be due. Regional Strategic Alliance with South32 In November 2018, the Company, through its wholly-owned subsidiary BCE, entered into an agreement with South32, a wholly-owned subsidiary of South32 Limited. Pursuant to the agreement, which has an initial term of two years, South32 will fund EMX US$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, the Company can request of South32 up to US$200 per year for new acquisition funding. South32 has selected the Jasper Canyon, Sleeping Beauty, Dragon's Tail, Midnight Juniper, Jasper Canyon, and Malone properties as 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 US$525 and completing US$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. During the year ended December 31, 2020, South32 advanced the Midnight Jupiter project as a DP and received $34 (US$25) as the execution payment. After the initial exploration work, South32 terminated the Midnight Jupiter DP in October 2020. Subsequent to December 31, 2020, South32 advanced the Jasper Canyon, Copper Springs, and Malone properties to DP status and the Company received US$75 (US$25 per property) in execution payments, as well as US$70 for reimbursement of land payments related to the Copper Springs property. 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 $66 (US$50) was paid upon execution of the agreement with a further $66 (US$50) paid on the first anniversary date. The agreement can be extended by BCE by making a US$250 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 other property interests acquired by staking in several jurisdictions including Utah, Nevada, Arizona, Colorado and Wyoming. 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. Espedalen, Hosanger, and Sigdal Projects In February 2020, the Company entered into an option agreement for the Espedalen, Hosanger, and Sigdal nickel-copper-cobalt projects in Norway with Pursuit Minerals Limited ("PUR" or "Pursuit"). Pursuant to the agreement, Pursuit has the option to acquire up to a 100% interest in the projects by making a cash payment of US$25 (received) and issuing to the Company 20,000,000 common shares (received) of PUR upon execution of the agreement, and spending a minimum of US$250 on the projects within 12 months from the effective date. Pursuant to a property pooling agreement that included the Espedalen, Hosanger, and Sigdal projects, the Company paid $87 in fees to the previous land owner. Upon exercise of the option, Pursuit will issue up to 20,000,000 additional common shares, capped at 9.9% of the issued and outstanding common shares of PUR with EMX retaining a 3% NSR royalty, 1% of which may be purchased by Pursuit under certain conditions. AAR payments will commence on the second anniversary of the agreement, beginning at US$25 per project and increasing at US$5 per year. Upon the second anniversary of the agreement, Pursuit will issue to EMX another tranche of common shares equal in value to the 20,000,000 PUR common shares issued to exercise the option capped at 9.9%. If the option is exercised, Pursuit will commit to another US$500 in exploration expenditures by the second anniversary, and drill at least 1,000 meters per project per year until the completion of a pre-feasibility study. Milestone payments of US$500 will be made to EMX upon each of the following milestones: a) completion of a preliminary economic assessment; and b) delivery of a "positive feasibility study". As at December 31, 2020 the project remains in good standing and was put on hold as a result of COVID-19 travel restrictions. The initial 20,000,000 common shares received were valued at $175, or $0.01 per share and included in revenue and other income for the year ended December 31, 2020. Løkken, Kjøli and Southern Gold Line Projects In August 2020 and subsequently amended, the Company entered into an option agreement for the Løkken and Kjøli projects in Norway and the Southern Gold Line projects in Sweden with Capella Minerals Limited (formerly New Dimension Resources) ("CAP"), subject to approval by the TSX-V. The agreement requires CAP to make payment of US$25 (received) to EMX on signing and issuing 3,000,000 shares to EMX. CAP will also reimburse EMX US$68 for pro-rated property payments. Within the one year option period, CAP must also undertake work commitments of at least US$100 on each of the projects. Upon exercise of the option, CAP will issue to EMX the number of shares that will increase EMX's equity ownership in CAP to 9.9% and make AAR payments of $25 per project commencing on the second anniversary of the agreement with the AAR payments increasing by US$5 per year until reaching $75 per year per project. CAP will have the continuing obligation to issue additional shares to EMX to maintain it's 9.9% interest at no additional cost to EMX until CAP has raised a cumulative $4,500 in equity. CAP will spend an additional US$500 across the entirety of the project areas by the second anniversary of the agreement and have the obligation to drill at least 1000m on each project per year thereafter while making payments of US$500 upon the filing of a preliminary economic assessment and a feasibility study respectively. Under the agreement EMX will retain a 2.5% NSR royalty on the projects subject to buy down under certain conditions. As at December 31, 2020, TSX-V approval had not yet been received, as such, shares and property reimbursement due from CAP to EMX had not yet been received. Slättberg, Kuusamo, Bleka and Vekselmyr Projects In May 2020, the Company amended its option agreement with Sienna Resources Inc. ("Sienna"), originally entered into in December, 2017. The amendment restructured the terms of the option agreement for the Slättberg project in Sweden and added a two year option period for Sienna to earn a 100% interest in the Kuusamo project in Finland; subject to a 3% NSR royalty to the Company by issuing an additional 500,000 common shares (received) of Sienna to the Company upon execution of the amended agreement, spending a minimum of $250 on exploration and project advancement over the next two years, reimbursing the Company for its acquisition costs and expenses related to the Kuusamo project, and issuing 1,500,000 additional common shares to the Company at the end of the two year option period. If Sienna satisfies the conditions of the option agreement and elects to acquire the project, the Company will receive annual advance royalty ("AAR") payments of US$25 commencing on the first anniversary of the option exercise date, with each AAR payment increasing by US$5 per year until reaching a cap of US$75 per year. Under certain conditions, 0.5% of the 3% NSR royalty retained by EMX can be repurchased. The 500,000 common shares received were valued at $35, or $0.07 per share and included in revenue and other income for the year ended December 31, 2020. In August 2020 the Company further amended its option agreement with Sienna to include the Bleka and Vekselmyr projects (the "Additional Projects") in southern Norway whereby Sienna will enter into a two year option period to acquire a 100% interest in the projects by issuing an 500,000 shares (received) to EMX upon execution of the agreement, reimbursing EMX for its acquisition costs and expenses related to the projects, spending a minimum of $250 per year on exploration on the Additional Projects and issuing an additional 1,500,000 shares over the next two years with EMX retaining 3% NSR royalty interests upon Sienna's earn-in. If Sienna satisfies the earn-in conditions of the agreement and elects to acquire the projects, EMX will receive AAR payments of US$25 for each property commencing on the first anniversary of the option exercise date, with each AAR payment increasing by US$5 per year until reaching a cap of US$75 per year. The 500,000 common shares received were valued at $43, or $0.09 per share and included in revenue and other income for the year ended December 31, 2020. In October 2020 the Company further amended its option agreement with Sienna to extend the Slattberg option period to May 31, 2021. All other conditions remained unchanged. Tomtebo and Trollberget Projects In June 2020, the Company executed an agreement to sell the Tomtebo and Trollberget projects in the Bergslagen mining region of Sweden to District Metals Corp. ("DMX" or "District"). As consideration for the sale, DMX issued to the Company 5,882,830 common shares (received) of DMX and cash consideration of $35 (received). Under the agreement EMX will receive a 2.5% NSR royalty interest in each of the projects, 0.5% of which can be repurchased within six years of the closing date for $2,000. On or before the second anniversary of the closing date, District shall spend no less than $1,000 in exploration expenditures on the projects. Commencing on the third anniversary of the closing date, EMX will receive AAR payments of $25, with each AAR payment increasing by $10 per year until reaching $75 per year. By the fifth anniversary of the closing date, District shall complete 5,000m of drilling on the projects and upon the announcement of a mineral resource and preliminary economic assessment shall pay to EMX $275 in cash or shares respectively, for total payments of $550. Further, District will issue additional common shares to EMX to maintain its 9.9% interest at no additional cost to EMX until DMX has raised $3,000 in equity. The initial 5,882,830 common shares of DMX received were valued at $1,353, or $0.23 per share and were included in revenue and other income for the year ended December 31, 2020. Also included in revenue and other income for the year was $105 related to 219,756 common shares of DMX received as part of the anti-dilution provision of the agreement. Gumsberg, Adak, Tynset and Burfjord Projects On February 14, 2017, the Company completed an agreement to sell certain wholly owned subsidiaries in Sweden to Norden Crown Metals Corp. (formerly Boreal Metals Corp.). Pursuant to the agreement NCM 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. In January 2018, the Company amended the sale agreement with NCM to include the Modum project in Norway in exchange for an additional 1,324,181 common shares of NCM. During the year ended December 31, 2020, the Company received $63 (US$50) being the 2020 required US$25 AAR payments pursuant to the Gumsberg and Burjford agreements. The Tysnet project was returned to EMX. Guldgruvan Cobalt, Njuggtraskliden and Mjovattnet Projects In February 2018, the Company closed a definitive agreement for the sale of the Guldgruvan cobalt project to Boreal Energy Metals Corporation ("BEMC"), a former subsidiary of NCM, 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. 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. 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. During the year ended December 31, 2020 South 32 terminated the option agreement and the project was returned to EMX. Bleikvassli, Sagvoll, Meråker, and the Bastuträsk Projects On February 19, 2019, the Company Pursuant to the anti-dilution provisions, during the year ended December 31, 2020, Norra issued EMX a further 3,200,385 (2019 - 356,500) common shares valued at $0.19 (2019 - $0.03) per share or $592 (2019 - $11) which have been included in revenue and other income for the year ended December 31, 2020. 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 could earn a 100% interest in the project by the issuance of 3,000,000 common shares (received) on execution of the agreement valued at $150, or $0.05 per share to EMX and performance of certain work during the option period (completed). Effective February 21, 2020, Playfair exercised its option pursuant to the agreement and issued to the Company a further 3,000,000 common shares (received) valued at $120, or $0.04 per share. The value of the common shares received has been included in revenue and other income. The exercise of the option agreement entitles the Company to AAR's starting on the second anniversary date of the exercise of the option (February 21, 2020) of $30 per year, increase by $5 per year to a maximum of $80. 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"). 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 for the year ended December 31, 2019. In November 2020, pursuant to the anti-dilution provisions of the agreement, GLR issued to the Company 4,391,084 common shares valued at $1,098 or $0.25 per share and included in revenue and other income. 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): US$2,000 cash payment ($2,631) to EMX upon closing of the sale (received); 500 ounces of gold every six months commencing February 2, 2017 up to a cumulative total of 7,000 ounces of gold; 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; 250 ounces of gold upon production of 100,000 ounces of gold from the property; 250 ounces

RECLAMATION BONDS

RECLAMATION BONDS	12 Months Ended
	Dec. 31, 2020
Reclamation Bonds [Abstract]
RECLAMATION BONDS [Text Block]	10. 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, 2020 December 31, 2019 U.S.A - various properties $ 448 $ 680 Sweden - various properties 8 42 Other — 10 Total $ 456 $ 732 As at December 31, 2020, the Company has no material reclamation obligations.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2020
Major components of tax expense (income) [abstract]
INCOME TAXES [Text Block]	11. 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, 2020 December 31, 2019 Royalty interest $ (1,718 ) $ (1,385 ) Tax loss carryforwards 1,828 3,377 Other (110 ) 115 Total $ — $ 2,107 As at December 31, 2020, 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, 2020 December 31, 2019 Expiry Date Range Tax loss carryforwards $ 60,699 $ 55,849 2026-2040 Exploration and evaluation assets 4,094 410 No expiry Other 1,557 1,482 No expiry Income Tax Expense December 31, 2020 December 31, 2019 Current tax expense $ 506 $ — Deferred tax expense (recovery) 2,113 (415 ) $ 2,619 $ (415 ) The provision for income taxes differs from the amount calculated using the Canadian federal and provincial statutory income tax rates of 27% (2019 - 27%) as follows: December 31, 2020 December 31, 2019 Expected income tax recovery $ (914 ) $ (3,844 ) Effect of lower tax rates in foreign jurisdictions 31 942 Permanent differences 876 898 Change in unrecognized deductible temporary differences and other 2,552 1,191 Foreign exchange 74 398 Total $ 2,619 $ (415 )

ADVANCES FROM JOINT VENTURE PAR

ADVANCES FROM JOINT VENTURE PARTNERS	12 Months Ended
	Dec. 31, 2020
Disclosure of joint ventures [abstract]
ADVANCES FROM JOINT VENTURE PARTNERS [Text Block]	12. 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, 2020 December 31, 2019 U.S.A. $ 1,524 $ 2,305 Sweden and Norway 41 99 Total $ 1,565 $ 2,404

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Dec. 31, 2020
Disclosure of terms and conditions of share-based payment arrangement [abstract]
CAPITAL STOCK [Text Block]	13. CAPITAL STOCK Authorized As at December 31, 2020, 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, 2020, the Company: Issued 1,967,800 common shares for gross proceeds of $2,156 pursuant to the exercise of stock options. Issued 52,000 common shares valued at $136 pursuant to the Kaukua Royalty acquisition (Note 9). Issued 103,271 common shares valued at $399 pursuant to the Frontline Royalty and other property interest acquisition (Note 9). During the year ended December 31, 2019, the Company Issued 1,790,300 shares for gross proceeds of $2,103 pursuant to the exercise of stock options. Issued 239,405 shares valued at $407 or $1.70 per share pursuant to a restricted share unit plan to employees of the Company. During the year ended December 31, 2019 there were 346,865 shares awarded with 70% (239,405) settled in shares and the remaining 30% (107,460) were settled in cash valued at $1.70 per share. 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, 2020 and 2019, the change in stock options outstanding is as follows: Weighted Average Number Exercise Price 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 Granted 1,645,500 2.62 Exercised (1,967,800 ) 1.10 Forfeited (10,000 ) 1.70 Balance as at December 31, 2020 6,382,400 1.70 Number of options exercisable as at December 31, 2020 6,372,400 $ 1.70 The following table summarizes information about the stock options which were outstanding and exercisable at December 31, 2020: Date Granted Number of Options Exercisable Exercise Price $ Expiry Date October 18, 2016 832,500 832,500 1.30 October 18, 2021 August 28, 2017 1,165,000 1,165,000 1.20 August 28, 2022 July 10, 2018 1,339,000 1,339,000 1.30 July 10, 2023 November 28, 2018 10,000 10,000 1.57 November 28, 2023 December 14, 2018 20,000 20,000 1.42 December 14, 2023 June 6, 2019 1,400,000 1,400,000 1.70 June 6, 2024 November 18, 2019 30,000 30,000 1.80 November 18, 2024 January 21, 2020 60,000 60,000 2.22 January 21, 2025 April 22, 2020 20,000 20,000 2.50 April 22, 2025 June 10, 2020* 1,471,900 1,461,900 2.62 June 10, 2025 October 5, 2020 34,000 34,000 3.50 October 5, 2025 Total 6,382,400 6,372,400 * 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 2.82 years (2019 - 3.10 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, 2020 and 2019, the change in RSU's outstanding is as follows: Number Balance as at December 31, 2018 625,000 Granted 333,500 Balance as at December 31, 2019 958,500 Vested (312,500 ) Granted 430,000 Balance as at December 31, 2020 1,076,000 The following table summarizes information about the RSU’s which were outstanding at December 31, 2020: Evaluation Date December 31, 2019 Granted Vested Expired/Cancelled December 31, 2020 December 31, 2019 * 312,500 — (156,250 ) (156,250 ) — December 31, 2020 312,500 — — — 312,500 December 31, 2021 312,500 — — — 312,500 November 18, 2022 21,000 — — — 21,000 December 31, 2022 — 430,000 — — 430,000 Total 958,500 430,000 (156,250 ) (156,250 ) 1,076,000 * ** The number of RSU's that will be redeemed is based on the achievement of performance criteria as evaluated by the Compensation Committee. As at December 31, 2020, the RSU's with an evaluation date of December 31, 2020 have not yet been determined to have vested or expired. Share-based Payments During the year ended December 31, 2020, the Company recorded aggregate share-based payments of $3,121 (2019 - $2,423) General and Administrative Project and Royalty Year ended December 31, 2020 Expenses Generation Costs Total Stock options vested $ 1,241 $ 979 $ 2,220 RSU's vested 695 — 695 RSU's settled with cash 58 148 206 $ 1,994 $ 1,127 $ 3,121 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 The weighted average fair value of the stock options granted during the year ended December 31, 2020 was $1.35 per stock option (2019 - $0.97). 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, 2020 December 31, 2019 Risk free interest rate 0.42% 1.34% Expected life (years) 5 5 Expected volatility 61.7% 67.6% Dividend yield 0% 0% Warrants During the year ended December 31, 2020 and 2019, the change in warrants outstanding Weighted Average Number Exercise Price Balance as at December 31, 2018 2,623,306 $ 2.00 Expired (2,623,306 ) 2.00 Balance as at December 31, 2019 and 2020 — $ —

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
Disclosure of transactions between related parties [abstract]
RELATED PARTY TRANSACTIONS [Text Block]	14. 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, 2020 Salary and fees Payments Total Management $ 894 $ 934 $ 1,828 Outside directors * 301 469 770 Seabord Services Corp.** 279 — 279 Total $ 1,474 $ 1,403 $ 2,877 Share-based For the year ended December 31, 2019 Salary and fees Payments Total Management $ 650 $ 568 $ 1,218 Outside directors * 152 282 434 Seabord Services Corp.** 437 — 437 Total $ 1,239 $ 850 $ 2,089 * Starting June 2020 the directors fees paid to the Company's non-Executive Chairman have been replaced by monthly consulting fees of US$20,800. The change in fees is to reflect his increase role and involvement in the Company's investment activities. ** Seabord Services Corp. ("Seabord") is a management services company controlled by the Chairman of the Board of Directors of the Company. Seabord provides a Chief Financial Officer, accounting and administration staff, and office space to the Company. Included in accounts payable and accrued liabilities at December 31, 2020 is $28 (December 31, 2019 - $36) owed to key management personnel and other related parties. By way of a common director and a common officer, included in Loans receivable (Note 6) for the year ended December 31, 2019 are certain balances owing from a former related party.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2020
Disclosure of operating segments [abstract]
SEGMENTED INFORMATION [Text Block]	15. SEGMENTED INFORMATION The Company operates within the resource industry. As at December 31, 2020 and December 31, 2019, the Company had equipment, exploration and evaluation assets, and royalty interests located geographically as follows: ROYALTY AND OTHER PROPERTY INTERESTS December 31, 2020 December 31, 2019 Canada $ 3,220 $ — U.S.A. 12,694 14,163 Sweden 438 438 Turkey — 233 Finland 260 — Chile 1,684 — Serbia 200 200 Total $ 18,496 $ 15,034 PROPERTY AND EQUIPMENT December 31, 2020 December 31, 2019 Sweden $ 58 $ 54 U.S.A. 688 590 Total $ 746 $ 644 ROYALTY REVENUE December 31, 2020 December 31, 2019 U.S.A. $ 1,414 $ 896 Sweden 64 53 Turkey — 490 Total $ 1,478 $ 1,439 The Company's deferred income tax assets and depletion are located in the U.S.A. for the years ended December 31, 2020 and 2019.

RISK AND CAPITAL MANAGEMENT_ FI

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about financial instruments [abstract]
RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS [Text Block]	16. 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, 2020, the Company had working capital of $68,995 (December 31, 2019 - $75,178). 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, 2020, there were no changes in the levels in comparison to December 31, 2019. 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 $ 14,653 $ 350 $ — $ 15,003 Warrants — 636 — 636 Strategic Investments 290 4,580 — 4,870 Total $ 14,943 $ 5,566 $ — $ 20,509 The carrying value of trade and settlement receivables and other assets, loans receivable, advances from joint venture partners and accounts payable and accrued liabilities, 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 FVOCI is $4,580 related to the Company's 19.9% interest in Rawhide which does not have a quoted market price in an active market. The Company has assessed a fair value of the investment based on third party investments completed during and subsequent to the year ended December 31, 2020. 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 $2,051. 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, Finland, Chile, 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, 2020 is as follows: Accounts US dollars Cash and cash equivalents $ 36,490 Restricted cash 1,041 Trade receivables 288 Accounts payable and accrued liabilities (325 ) Advances from joint venture partners (1,197 ) Net exposure $ 36,297 Canadian dollar equivalent $ 46,246 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, 2020, 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 $4,625 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, 2020
Disclosure Of Cash Flow Statement Explanatory [Abstract]
SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS [Text Block]	17. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS December 31, 2020 December 31, 2019 Cash $ 50,745 $ 68,994 Short-term deposits 1,957 187 $ 52,702 $ 69,181 The short-term deposits are used as collateral for the Company's credit cards and to earn interest. Short term deposits are highly liquid investments that are readily convertible to known amounts of cash. Changes in non-cash working capital: Year ended Year ended December 31, 2020 December 31, 2019 Accounts receivable $ (1,895 ) $ 1,139 Prepaid expenses (98 ) (277 ) Accounts payable and accrued liabilities 2,290 (4,403 ) Advances from joint venture partners (310 ) 460 $ (13 ) $ (3,081 ) The significant non-cash investing and financing transactions during the year ended December 31, 2020 included: a. b. c. d. e. f. g. The significant non-cash investing and financing transactions during the year ended December 31, 2019 included: a. b.

EVENTS SUBSEQUENT TO THE REPORT

EVENTS SUBSEQUENT TO THE REPORTING DATE	12 Months Ended
	Dec. 31, 2020
Disclosure of non-adjusting events after reporting period [abstract]
EVENTS SUBSEQUENT TO THE REPORTING DATE [Text Block]	18. EVENTS SUBSEQUENT TO THE REPORTING DATE Subsequent to the year ended December 31, 2020, the Company: a) b)

STATEMENT OF COMPLIANCE AND S_2

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
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 Corporation, 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 EMX Properties (Canada) Inc. Canada 100% 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 Finland 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 Mining, Inc. 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, loans 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 loans 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 common shares and 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 long term 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 changes in fair value of financial instruments. 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.
Other property interests and royalty generation expenditures [Policy Text Block]	Other property interests and royalty generation expenditures Acquisition costs for property interests, net of recoveries, are capitalized on a property-by-property basis. Acquisition costs include cash consideration and the value of common shares, issued for property interests pursuant to the terms of the agreement. Royalty generation 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. A property interest 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.
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-employees 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.
Loss per share [Policy Text Block]	Loss per share The Company presents basic loss per share data for its common shares, calculated by dividing the 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 loss per share computation of diluted 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 interests 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) Other property interests Recorded costs of other property interests are not intended to reflect present or future values of other property interests. 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. c) 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. d) Valuation of investments in private entities The Company values its investments in private entities at fair value at each reporting date. When the fair values of these financial instruments cannot be measured based upon quoted prices in active markets, their fair value is based on estimates made by management using valuation techniques. The inputs to these valuation models are taken from observable market data where possible, including concurrent third party investments, but where this is not feasible, a degree of judgement is required in establishing fair value. Changes in assumptions related to these inputs could affect the reported fair value of the financial instruments. 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.

STATEMENT OF COMPLIANCE AND S_3

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2020
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 EMX Properties (Canada) Inc. Canada 100% 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 Finland 100% EMX Norwegian Services AS Norway 100%

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Investments [Abstract]
Disclosure of detailed information about investments [Table Text Block]	December 31, 2020 December 31, 2019 Marketable securities $ 14,717 $ 4,665 Warrants 636 829 Private company investments 10,273 4,613 Total Investments 25,626 10,107 Less: current portion (16,755 ) (5,494 ) Non-current portion $ 8,871 $ 4,613

TRADE AND SETTLEMENT RECEIVAB_2

TRADE AND SETTLEMENT RECEIVABLES, AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2020
Trade and other receivables [abstract]
Disclosure of detailed information about current receivables [Table Text Block]	Category December 31, 2020 December 31, 2019 Royalty income receivable $ 66 $ 15 Refundable taxes 1,723 174 Recoverable exploration expenditures and advances 679 460 Other 408 332 Total $ 2,876 $ 981
Disclosure of detailed information about currency of receivables [Table Text Block]	Currency December 31, 2020 December 31, 2019 Canadian Dollars $ 243 $ 158 US Dollars 367 453 Swedish Krona 2,266 370 Total $ 2,876 $ 981

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Loans Receivables [Abstract]
Disclosure of detailed information about loans receivables [Table Text Block]	December 31,2020 December 31, 2019 Revelo Resources Corp. $ — $ 526 Norden Crown Metals Corp. 500 846 Total $ 500 $ 1,372

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2018 $ 110 $ 87 $ 2 $ 599 $ 419 $ 1,217 Additions — 75 — 124 — 199 As at December 31, 2019 110 162 2 723 419 1,416 Additions — 165 — — — 165 Disposals and derecognition (59 ) (5 ) — — — (64 ) As at December 31, 2020 $ 51 $ 322 $ 2 $ 723 $ 419 $ 1,517 Accumulated depreciation As at December 31, 2018 $ 110 $ 60 $ 2 $ 579 $ — $ 751 Additions — 20 — 1 — 21 As at December 31, 2019 110 80 2 580 — 772 Additions — 37 — 26 — 63 Disposals and derecognition (59 ) (5 ) — — — (64 ) As at December 31, 2020 $ 51 $ 112 $ 2 $ 606 $ — $ 771 Net book value As at December 31, 2019 $ — $ 82 $ — $ 143 $ 419 $ 644 As at December 31, 2020 $ — $ 210 $ — $ 117 $ 419 $ 746

REVENUE AND GENERAL AND ADMIN_2

REVENUE AND GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 December 31, 2019 Royalty revenue $ 1,478 $ 1,439 Option and other property income 4,700 1,978 Interest income 937 1,667 Dividend Income 84 — $ 7,199 $ 5,084
Disclosure of detailed information about general and administrative expenses [Table Text Block]	General and administrative expenses Year ended Year ended December 31, 2020 December 31, 2019 Salaries, consultants, and benefits $ 2,360 $ 1,885 Professional fees 968 1,111 Investor relations and shareholder information 604 756 Transfer agent and filing fees 222 174 Administrative and office 944 968 Travel 74 233 $ 5,172 $ 5,127

ROYALTY AND OTHER PROPERTY IN_2

ROYALTY AND OTHER PROPERTY INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2020
Royalty And Other Property Interests [Abstract]
Disclosure of detailed information about royalty and other property interests [Table Text Block]	As at and for the year ended December 31, 2020: Cumulative translation Country December 31, 2019 Additions Recoveries Depletion adjustments December 31, 2020 Royalty Interests Leeville USA $ 12,583 $ — $ — $ (1,123 ) $ (209 ) $ 11,251 Afgan USA 145 — — — — 145 Corvus USA 350 — — — — 350 Millrock USA 210 — — — — 210 Frontline Portfolio Canada — 148 — — — 148 Revelo Portfolio Chile — 1,684 — — — 1,684 Kaukua Finland — 260 — — — 260 Timok Serbia 200 — — — — 200 13,488 2,092 — (1,123 ) (209 ) 14,248 Other Property Interests Frontline Portfolio Canada — 651 — — — 651 Perry Portfolio Canada — 2,991 (570 ) — — 2,421 Superior West USA 603 — (139 ) — — 464 Yerington USA 206 — (64 ) — — 142 Mainspring USA 66 66 — — — 132 Viad Sweden 421 — — — — 421 Various Sweden 17 — — — — 17 Alankoy Turkey 154 — (154 ) — — — Trab Turkey 79 — (79 ) — — — 1,546 3,708 (1,006 ) — — 4,248 Total $ 15,034 $ 5,800 $ (1,006 ) $ (1,123 ) $ (209 ) $ 18,496 As at and for the year ended December 31, 2019: Cumulative translation Country December 31, 2018 Additions Recoveries Depletion adjustments December 31, 2019 Royalty Interests Leeville USA $ 14,001 $ — $ — $ (802 ) $ (616 ) $ 12,583 Afgan USA 145 — — — — 145 Corvus USA — 350 — — — 350 Millrock USA — 210 — — — 210 Timok Serbia 200 — — — — 200 14,346 560 — (802 ) (616 ) 13,488 Other Property Interests Superior West USA 736 — (133 ) — — 603 Yerington USA 206 — — — — 206 Mainspring USA — 66 — — — 66 Viad Sweden 421 — — — — 421 Various Sweden 17 — — — — 17 Alankoy Turkey 154 — — — — 154 Trab Turkey 79 — — — — 79 1,613 66 (133 ) — — 1,546 Total $ 15,959 $ 626 $ (133 ) $ (802 ) $ (616 ) $ 15,034
Disclosure of detailed information about project and royalty generation costs [Table Text Block]	During the year ended December 31, 2020, the Company incurred the following project and royalty generation costs, which were expensed as incurred: Scandinavia USA Turkey Australia and New Zealand Other General Royalty and Project Investigation Total Administration costs $ 136 $ 178 $ 1 $ 12 $ 1 $ 104 $ 432 Drilling, technical, and support costs 323 4,734 115 114 36 — 5,322 Personnel 1,020 1,971 7 5 — 1,929 4,932 Professional costs 243 10 64 171 64 514 1,066 Property costs 1,279 2,005 — — 4 — 3,288 Share-based payments 116 310 23 10 7 661 1,127 Travel 127 14 — — — 84 225 Total Expenditures 3,244 9,222 210 312 112 3,292 16,392 Recoveries from partners (1,606 ) (6,347 ) — (9 ) — — (7,962 ) Net Expenditures $ 1,638 $ 2,875 $ 210 $ 303 $ 112 $ 3,292 $ 8,430 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 General Royalty and Project Investigation Total Administration costs $ 130 $ 155 $ 63 $ 22 $ — $ 118 $ 488 Drilling, technical, and support costs 1,422 2,557 40 1,775 — — 5,794 Personnel 1,234 1,532 63 96 120 1,690 4,735 Professional costs 118 18 119 101 5 449 810 Property costs 543 1,674 65 28 (66 ) — 2,244 Share-based payments 96 267 22 19 13 761 1,178 Travel 154 45 — 31 — 244 474 Total Expenditures 3,697 6,248 372 2,072 72 3,262 15,723 Recoveries from partners (2,921 ) (4,021 ) (17 ) (317 ) (1 ) — (7,277 ) Net Expenditures $ 776 $ 2,227 $ 355 $ 1,755 $ 71 $ 3,262 $ 8,446

RECLAMATION BONDS (Tables)

RECLAMATION BONDS (Tables)	12 Months Ended
	Dec. 31, 2020
Reclamation Bonds [Abstract]
Disclosure of detailed information about reclamation bonds [Table Text Block]	December 31, 2020 December 31, 2019 U.S.A - various properties $ 448 $ 680 Sweden - various properties 8 42 Other — 10 Total $ 456 $ 732

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Disclosure of detailed information about deferred taxes [Table Text Block]	December 31, 2020 December 31, 2019 Royalty interest $ (1,718 ) $ (1,385 ) Tax loss carryforwards 1,828 3,377 Other (110 ) 115 Total $ — $ 2,107
Disclosure of detailed information about temporary difference, unused tax losses and unused tax credits [Table Text Block]	December 31, 2020 December 31, 2019 Expiry Date Range Tax loss carryforwards $ 60,699 $ 55,849 2026-2040 Exploration and evaluation assets 4,094 410 No expiry Other 1,557 1,482 No expiry
Disclosure of detailed information about income tax expense [Table Text Block]	December 31, 2020 December 31, 2019 Current tax expense $ 506 $ — Deferred tax expense (recovery) 2,113 (415 ) $ 2,619 $ (415 )
Disclosure of detailed information about effective income tax expense (recovery) [Table Text Block]	December 31, 2020 December 31, 2019 Expected income tax recovery $ (914 ) $ (3,844 ) Effect of lower tax rates in foreign jurisdictions 31 942 Permanent differences 876 898 Change in unrecognized deductible temporary differences and other 2,552 1,191 Foreign exchange 74 398 Total $ 2,619 $ (415 )

ADVANCES FROM JOINT VENTURE P_2

ADVANCES FROM JOINT VENTURE PARTNERS (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of joint ventures [abstract]
Disclosure of detailed information about joint operations [Table Text Block]	December 31, 2020 December 31, 2019 U.S.A. $ 1,524 $ 2,305 Sweden and Norway 41 99 Total $ 1,565 $ 2,404

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	12 Months Ended
	Dec. 31, 2020
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, 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 Granted 1,645,500 2.62 Exercised (1,967,800 ) 1.10 Forfeited (10,000 ) 1.70 Balance as at December 31, 2020 6,382,400 1.70 Number of options exercisable as at December 31, 2020 6,372,400 $ 1.70
Disclosure of detailed information about exercise prices of outstanding share options [Table Text Block]	Date Granted Number of Options Exercisable Exercise Price $ Expiry Date October 18, 2016 832,500 832,500 1.30 October 18, 2021 August 28, 2017 1,165,000 1,165,000 1.20 August 28, 2022 July 10, 2018 1,339,000 1,339,000 1.30 July 10, 2023 November 28, 2018 10,000 10,000 1.57 November 28, 2023 December 14, 2018 20,000 20,000 1.42 December 14, 2023 June 6, 2019 1,400,000 1,400,000 1.70 June 6, 2024 November 18, 2019 30,000 30,000 1.80 November 18, 2024 January 21, 2020 60,000 60,000 2.22 January 21, 2025 April 22, 2020 20,000 20,000 2.50 April 22, 2025 June 10, 2020* 1,471,900 1,461,900 2.62 June 10, 2025 October 5, 2020 34,000 34,000 3.50 October 5, 2025 Total 6,382,400 6,372,400 * 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, 2018 625,000 Granted 333,500 Balance as at December 31, 2019 958,500 Vested (312,500 ) Granted 430,000 Balance as at December 31, 2020 1,076,000
Disclosure of detailed information about restricted share units outstanding [Table Text Block]	Evaluation Date December 31, 2019 Granted Vested Expired/Cancelled December 31, 2020 December 31, 2019 * 312,500 — (156,250 ) (156,250 ) — December 31, 2020 312,500 — — — 312,500 December 31, 2021 312,500 — — — 312,500 November 18, 2022 21,000 — — — 21,000 December 31, 2022 — 430,000 — — 430,000 Total 958,500 430,000 (156,250 ) (156,250 ) 1,076,000 * ** The number of RSU's that will be redeemed is based on the achievement of performance criteria as evaluated by the Compensation Committee. As at December 31, 2020, the RSU's with an evaluation date of December 31, 2020 have not yet been determined to have vested or expired.
Disclosure of detailed information about share-based payment arrangements [Table Text Block]	General and Administrative Project and Royalty Year ended December 31, 2020 Expenses Generation Costs Total Stock options vested $ 1,241 $ 979 $ 2,220 RSU's vested 695 — 695 RSU's settled with cash 58 148 206 $ 1,994 $ 1,127 $ 3,121 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
Disclosure of detailed information about options, valuation assumptions [Table Text Block]	Year ended Year ended December 31, 2020 December 31, 2019 Risk free interest rate 0.42% 1.34% Expected life (years) 5 5 Expected volatility 61.7% 67.6% Dividend yield 0% 0%
Disclosure of detailed information about warrants, activity [Table Text Block]	Weighted Average Number Exercise Price Balance as at December 31, 2018 2,623,306 $ 2.00 Expired (2,623,306 ) 2.00 Balance as at December 31, 2019 and 2020 — $ —

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of transactions between related parties [abstract]
Disclosure of detailed information about key management personnel [Table Text Block]	Share-based For the year ended December 31, 2020 Salary and fees Payments Total Management $ 894 $ 934 $ 1,828 Outside directors * 301 469 770 Seabord Services Corp.** 279 — 279 Total $ 1,474 $ 1,403 $ 2,877 Share-based For the year ended December 31, 2019 Salary and fees Payments Total Management $ 650 $ 568 $ 1,218 Outside directors * 152 282 434 Seabord Services Corp.** 437 — 437 Total $ 1,239 $ 850 $ 2,089 * Starting June 2020 the directors fees paid to the Company's non-Executive Chairman have been replaced by monthly consulting fees of US$20,800. The change in fees is to reflect his increase role and involvement in the Company's investment activities. ** Seabord Services Corp. ("Seabord") is a management services company controlled by the Chairman of the Board of Directors of the Company. Seabord provides a Chief Financial Officer, accounting and administration staff, and office space to the Company.

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of operating segments [abstract]
Disclosure of detailed information about royalty and other property interest by location [Table Text Block]	ROYALTY AND OTHER PROPERTY INTERESTS December 31, 2020 December 31, 2019 Canada $ 3,220 $ — U.S.A. 12,694 14,163 Sweden 438 438 Turkey — 233 Finland 260 — Chile 1,684 — Serbia 200 200 Total $ 18,496 $ 15,034
Disclosure of detailed information about property and equipment by location [Table Text Block]	PROPERTY AND EQUIPMENT December 31, 2020 December 31, 2019 Sweden $ 58 $ 54 U.S.A. 688 590 Total $ 746 $ 644
Disclosure of detailed information about royalty revenue by location [Table Text Block]	ROYALTY REVENUE December 31, 2020 December 31, 2019 U.S.A. $ 1,414 $ 896 Sweden 64 53 Turkey — 490 Total $ 1,478 $ 1,439

RISK AND CAPITAL MANAGEMENT_ _2

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
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 $ 14,653 $ 350 $ — $ 15,003 Warrants — 636 — 636 Strategic Investments 290 4,580 — 4,870 Total $ 14,943 $ 5,566 $ — $ 20,509
Disclosure of detailed information about currency risk [Table Text Block]	Accounts US dollars Cash and cash equivalents $ 36,490 Restricted cash 1,041 Trade receivables 288 Accounts payable and accrued liabilities (325 ) Advances from joint venture partners (1,197 ) Net exposure $ 36,297 Canadian dollar equivalent $ 46,246

SUPPLEMENTAL DISCLOSURE WITH _2

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Cash Flow Statement Explanatory [Abstract]
Disclosure of detailed information about cash and cash equivalents [Table Text Block]	December 31, 2020 December 31, 2019 Cash $ 50,745 $ 68,994 Short-term deposits 1,957 187 $ 52,702 $ 69,181
Disclosure of detailed information about changes in non-cash working capital [Table Text Block]	Year ended Year ended December 31, 2020 December 31, 2019 Accounts receivable $ (1,895 ) $ 1,139 Prepaid expenses (98 ) (277 ) Accounts payable and accrued liabilities 2,290 (4,403 ) Advances from joint venture partners (310 ) 460 $ (13 ) $ (3,081 )

STATEMENT OF COMPLIANCE AND S_4

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2020
Statement Of Compliance And Summary Of Significant Accounting Policies [Abstract]
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.

RESTRICTED CASH (Narrative) (De

RESTRICTED CASH (Narrative) (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Restricted Cash [Line Items]
Restricted cash	$ 1,418	$ 1,947
Held as collateral for its corporate credit cards [Member]
Restricted Cash [Line Items]
Restricted cash	196	187
Held by wholly-owned subsidiaries for ongoing option agreements [Member]
Restricted Cash [Line Items]
Restricted cash	$ 1,222	$ 1,760

INVESTMENTS (Narrative) (Detail

INVESTMENTS (Narrative) (Details) $ in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Dec. 19, 2019CAD ($)	Dec. 19, 2019USD ($)	Dec. 31, 2020CAD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019CAD ($)	Dec. 31, 2020USD ($)
Disclosure Of Investments [Line Items]
Strategic investments			$ 8,871		$ 4,613
Payments for investments			0		$ 4,580
Ensero Holdings, Inc. [Member]
Disclosure Of Investments [Line Items]
Strategic investments			5,023			$ 3,790
Preference shares received			$ 4,797	$ 3,620
Percentage of preference shares received			65.00%	65.00%
Annual interest payments			6.00%	6.00%
Principal redeemed value of preferred shares				$ 7,240
Common shares value received			$ 226	171
Percentage of equity interest acquired			7.50%			7.50%
interest income on investment			$ 526
Rawhide Acquistion Holding, LLC [Member]
Disclosure Of Investments [Line Items]
Percentage of equity interest acquired	19.90%	19.90%
Payments for investments	$ 4,581	$ 3,519		$ 1,250
Percentage of distribution taxable income	50.00%	50.00%
Class A common shares purchased | shares			201,613	201,613

TRADE AND SETTLEMENT RECEIVAB_3

TRADE AND SETTLEMENT RECEIVABLES, AND OTHER ASSETS (Narrative) (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CAD ($)	Dec. 31, 2019CAD ($)	Dec. 31, 2019USD ($)
Trade and other receivable [Line Items]
Dividends and other distributions	$ 207	$ 4,952
IG Copper, LLC [Member]
Trade and other receivable [Line Items]
Dividends and other distributions		$ 4,952	$ 3,743

LOANS RECEIVABLE (Narrative) (D

LOANS RECEIVABLE (Narrative) (Details) $ / shares in Units, $ in Thousands	1 Months Ended			12 Months Ended
	Aug. 31, 2020CAD ($)shares$ / shares	Nov. 25, 2019CAD ($)	Oct. 16, 2017CAD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2019CAD ($)
Disclosure Of Loans Receivables [Line Items]
Proceeds from loans receivable				$ 526	$ (800)
Notes and loans receivable				500	1,372
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
Proceeds from loans receivable				526
Notes and loans receivable				0	526
Norden Crown Metals Corp. (formerly Boreal Metals Corp.) [Member]
Disclosure Of Loans Receivables [Line Items]
Loan authorised		$ 800
Borrowings, interest rate	0.65%	8.08%
Percentage of loan fee		5.00%
Loan fee		$ 40
Number of aggregate units received | shares	7,368,304
Warrants exercise price | $ / shares	$ 0.11
Notes and loans receivable	$ 482			$ 500	$ 846

PROPERTY AND EQUIPMENT (Narrati

PROPERTY AND EQUIPMENT (Narrative) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Project and royalty generation costs [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation	$ 27	$ 21

ROYALTY AND OTHER PROPERTY IN_3

ROYALTY AND OTHER PROPERTY INTERESTS (Narrative) (Details) $ / shares in Units, $ in Thousands	Dec. 11, 2020CAD ($)	Dec. 11, 2020USD ($)	Aug. 05, 2016	May 04, 2015CAD ($)	May 04, 2015USD ($)	Nov. 30, 2020CAD ($)$ / sharesshares	Sep. 30, 2020AUD ($)	Aug. 31, 2020CAD ($)$ / sharesshares	Aug. 31, 2020USD ($)shares	Jun. 30, 2020CAD ($)shares	May 31, 2020USD ($)shares	Apr. 30, 2020USD ($)shares	Mar. 31, 2020CAD ($)shares	Mar. 31, 2020EUR (€)shares	Mar. 31, 2020USD ($)shares	Feb. 29, 2020CAD ($)$ / sharesshares	Feb. 29, 2020USD ($)shares	Feb. 21, 2020CAD ($)$ / sharesshares	Nov. 30, 2019CAD ($)$ / sharesshares	Aug. 31, 2019CAD ($)	Aug. 31, 2019USD ($)	May 31, 2019USD ($)	Apr. 30, 2019CAD ($)oz$ / sharesshares	Apr. 30, 2019USD ($)ozshares	Feb. 28, 2019CAD ($)shares	Dec. 19, 2018CAD ($)shares	Dec. 19, 2018USD ($)shares	Nov. 30, 2018USD ($)	Sep. 24, 2018USD ($)shares	Apr. 30, 2018CAD ($)shares	Apr. 30, 2018USD ($)shares	Feb. 28, 2018USD ($)shares	Feb. 14, 2017shares	Jul. 29, 2016CAD ($)	Jul. 29, 2016USD ($)	Dec. 31, 2020CAD ($)$ / sharesshares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019CAD ($)$ / sharesshares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)	Mar. 31, 2020USD ($)	Feb. 19, 2019CAD ($)$ / shares	Dec. 31, 2018CAD ($)
Categories Of Royalty And Other Property Interests [Line Items]
Royalty income																																				$ 1,478,000		$ 1,439,000
Royalty And Other Property Interest Depletion																																				1,123,000		802,000
Royalty and other property interests																																				18,496,000		15,034,000					$ 15,959,000
Revenue and other income																																				7,199,000		5,084,000
USA [Member] | Regional Strategic Alliance with South32 [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty																												2.00%
Execution payment (received)																																				$ 34,000	$ 25,000
Annual proceeds for new acquisition funding																												$ 200,000
Annual proceeds to generate new prospects																												$ 800,000
Option agreement, interest																												100.00%
Option agreement, exploration expenditures required																												$ 5,000,000
Proceeds from option agreement																												$ 525,000
USA [Member] | Regional Strategic Alliance with South32 [Member] | Subsequent Events [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Reimbursement amount																																					70
Execution payment (received)																																					75,000
Execution payment per property																																					$ 25,000
Revelo Portfolio [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and other property interests													$ 1,684,000																												$ 1,162,000
Kaukua Royalty Interests [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty													2.00%																												2.00%
Payments for net smelter return royalties													$ 125,000
Shares issued for net smelter return royalty | shares													52,000	52,000	52,000
Value of shares issued for net smelter return royalty													$ 136,000
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 | €														€ 1,000
Remaining percentage of uncapped and not repurchased net smelter return royalty													1.00%	1.00%	1.00%
Corvus Royalty Interests [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and other property interests																																						$ 350,000
Corvus Royalty Interests [Member] | Bottom of range [member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty																																						1.00%
Corvus Royalty Interests [Member] | Top of range [member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty																																						3.00%
Millrock Royalty Interests [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and other property interests																																						$ 210,000
Leeville Mine [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Gross smelter return royalty																																				1.00%
Royalty And Other Property Interest Depletion																																				$ 1,123,000		802,000
Gold tax, percentage																																				5.00%	5.00%
Direct Gold Tax Amount																																				$ 67,000		42,000
East Ore Body Mine [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Gross smelter return royalty																																				1.00%
North Pipeline [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Description of production royalty																																				Should the property become producing, the Company will receive the greater of a production royalty of US$0.50 per yard of ore processed or 4% of net profit.	Should the property become producing, the Company will receive the greater of a production royalty of US$0.50 per yard of ore processed or 4% of net profit.
Frontline Portfolio [Member] | Canada [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Payments for net smelter return royalties																																				$ 400,000
Shares issued for net smelter return royalty | shares																																				103,271	103,271
Value of shares issued for net smelter return royalty																																				$ 399,000
Payment for share-based option																																				$ 118,000
Frontline Portfolio [Member] | Bottom of range [member] | Canada [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty																																				0.25%
Frontline Portfolio [Member] | Top of range [member] | Canada [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty																																				2.25%
Perry Portfolio [Member] | Canada [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Cash consideration										$ 2,991,000
Payment for share-based option										$ 2,500,000
Option payment received																																				$ 570,000
Perry Portfolio [Member] | Bottom of range [member] | Canada [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty										0.75%
Perry Portfolio [Member] | Top of range [member] | Canada [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty										2.50%
Antelope Project [Member] | USA [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired													100.00%																												100.00%
Cash consideration															$ (100,000)
Net Smelter Return Royalty													4.00%																												4.00%
Percentage of net smelter return royalty may be purchased													1.50%	1.50%	1.50%
Reimbursement amount															$ 80,000
Payment for share-based option															20,000
Option payment received															580,000
Exploration expenditure															1,500,000
Annual advance royalty ("AAR") payments															50,000
Increase in annual advance royalty payment															100,000
Milestone payment															$ 2,500,000
Erickson Ridge, South Orogrande, and Robber Gulch Projects [Member] | USA [Member] | Gold Line Resources Ltd. ("GLR") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired												100.00%
Net Smelter Return Royalty												3.50%
Percentage of net smelter return royalty may be purchased												1.50%
Description of terms of net smelter return royalty												the first 0.5% for 350 ounces of gold prior to the third anniversary after exercise of the option, then the remaining 1.0% can be purchased at any time thereafter for 1,150 ounces of gold
Option payment received												$ 600,000
Execution payment (received)												$ 45,000
Number of shares issued | shares												950,000
Number of shares per agreement received | shares												200,000
Exploration expenditure												$ 1,500,000
Annual advance royalty ("AAR") payments												30,000
Increase in annual advance royalty payment												$ 10,000
Description of milestone payments												(a) 300 ounces of gold upon completion of a preliminary economic assessment, (b) 550 ounces of gold upon completion of a prefeasibility study, and (c) 650 ounces of gold upon completion of a feasibility study.
Number of common shares received | shares																																				600,000	600,000
Amount of common shares received																																				$ 210,000
Common shares received per share | $ / shares																																				$ 0.35
Erickson Ridge, South Orogrande, and Robber Gulch Projects [Member] | Top of range [member] | USA [Member] | Gold Line Resources Ltd. ("GLR") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Increase in annual advance royalty payment												$ 80,000
Swift And Selena Gold Projects [Member] | USA [Member] | Ridgeline Minerals Corporation [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																						9.90%
Execution payment (received)																						$ 20,000														$ 27,000	$ 20,000		$ 20,000
Percentage of production royalty																						3.25%
Annual advance royalty ("AAR") payments																						$ 10,000
Milestone payment																						2,200,000
Anniversary payment received for each project																																					$ 10,000
Non-dilution right through capital raises																						2,500,000
Number of common shares received | shares																			2,077,718																	113,681	113,681
Amount of common shares received																			$ 249,000
Common shares received per share | $ / shares																			$ 0.12
Revenue and other income																																				$ 25,000		275,000
Swift And Selena Gold Projects [Member] | Bottom of range [member] | USA [Member] | Ridgeline Minerals Corporation [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Annual advance royalty ("AAR") payments																						5,000
Swift And Selena Gold Projects [Member] | Top of range [member] | USA [Member] | Ridgeline Minerals Corporation [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Annual advance royalty ("AAR") payments																						$ 75,000
Cathedral Well [Member] | USA [Member] | Ely Gold Royalties Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Annual advance royalty ("AAR") payments																																				75,000	$ 56,000
Hardshell Skarn [Member] | USA [Member] | Arizona Mining Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Annual advance royalty ("AAR") payments																																				7,000	5,000	13,000	10,000
Copper Springs [Member] | USA [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Proceeds from annual option payment																																						66,000	50,000
Copper King [Member] | USA [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Annual advance royalty ("AAR") payments																																						66,000	50,000
Proceeds from annual option payment																																				$ 67,000	50,000
Buckhorn Creek Property [Member] | USA [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																																100.00%
Exploration expenditure																																$ 4,500,000
Proceeds from annual option payment																																$ 550,000
Superior West project [Member] | USA [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired				100.00%	100.00%																															100.00%
Net Smelter Return Royalty				1.00%	1.00%
Payments for net smelter return royalties				$ 4,000,000
Execution payment (received)					$ 149,000
Exploration expenditure					5,500,000
Anniversary payment received for each project					500,000
Proceeds from annual option payment					$ 1,000,000																															$ 139,000	$ 100,000	$ 133,000	100,000
Yerington West, Nevada [Member] | USA [Member] | Hudbay Minerals Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired	100.00%	100.00%																								80.00%	80.00%
Percentage of net smelter return royalty may be purchased																										1.50%	1.50%
Shares issued for net smelter return royalty | shares																										85,000	85,000
Execution payment (received)	$ 64,000	$ 50,000
Exploration expenditure																										$ 1,000,000
Annual advance royalty ("AAR") payments																											$ 375,000
Percentage interest converted to net smelter return royalty																										2.50%	2.50%
Amount of net smelter return royalty may be purchased at any time																											$ 4,500,000
Aggregate anniversary payment		200,000
Proceeds from option agreement																										$ 140,000
Proceeds from annual option payment																																								$ 75,000
Mainspring, Arizona [Member] | USA [Member] | BCE Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of production royalty																				1.00%	1.00%
Proceeds from annual option payment																					$ 600,000
Annual advance royalty																					23,000,000
Advanced royalty payments																					100,000
Additional extension payment for each year extension																					250,000
Amount delivered to title holder on exercise of option																					$ 11,000,000
Right to buy back half royalty percentage																				1.00%	1.00%
Right to buy back half royalty																					$ 10,000,000
Espedalen, Hosanger, and Sigdal Projects [Member] | Sweden And Norway [Member] | Pursuit Minerals Limited ("PUR" or "Pursuit") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																100.00%
Cash consideration																	$ 25,000
Net Smelter Return Royalty																3.00%
Percentage of net smelter return royalty may be purchased																1.00%	1.00%
Exploration expenditure																	$ 250
Description of milestone payments																If the option is exercised, Pursuit will commit to another US$500 in exploration expenditures by the second anniversary, and drill at least 1,000 meters per project per year until the completion of a pre-feasibility study. Milestone payments of US$500 will be made to EMX upon each of the following milestones: a) completion of a preliminary economic assessment; and b) delivery of a "positive feasibility study".	If the option is exercised, Pursuit will commit to another US$500 in exploration expenditures by the second anniversary, and drill at least 1,000 meters per project per year until the completion of a pre-feasibility study. Milestone payments of US$500 will be made to EMX upon each of the following milestones: a) completion of a preliminary economic assessment; and b) delivery of a "positive feasibility study".
Number of common shares received | shares																20,000,000	20,000,000
Amount of common shares received																$ 175,000
Payment of fees to previous land owner																$ (87)
Additional common shares issued | shares																20,000,000
Capped on additional common shares issued																9.90%	9.90%
AAR payments																AAR payments will commence on the second anniversary of the agreement, beginning at US$25 per project and increasing at US$5 per year.	AAR payments will commence on the second anniversary of the agreement, beginning at US$25 per project and increasing at US$5 per year.
Share price per shares | $ / shares																$ 0.01
Løkken, Kjøli and Southern Gold Line Projects [Member] | Sweden And Norway [Member] | Capella Minerals Limited (formerly New Dimension Resources) ("CAP") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Cash consideration									$ 25,000
Net Smelter Return Royalty								2.50%
Number of shares issued | shares								3,000,000
Description of milestone payments								CAP will spend an additional US$500 across the entirety of the project areas by the second anniversary of the agreement and have the obligation to drill at least 1000m on each project per year thereafter while making payments of US$500 upon the filing of a preliminary economic assessment and a feasibility study respectively.	CAP will spend an additional US$500 across the entirety of the project areas by the second anniversary of the agreement and have the obligation to drill at least 1000m on each project per year thereafter while making payments of US$500 upon the filing of a preliminary economic assessment and a feasibility study respectively.
AAR payments								AAR payments of $25 per project commencing on the second anniversary of the agreement with the AAR payments increasing by US$5 per year until reaching $75 per year per project.	AAR payments of $25 per project commencing on the second anniversary of the agreement with the AAR payments increasing by US$5 per year until reaching $75 per year per project.
Capped parentage on common shares issued to exercise the option								9.90%	9.90%
Value of common shares issued								$ 4,500,000
Reimbursement of pro-rated property payments									$ 68,000
Minimum work commitments on each projects									100,000
Slättberg, Kuusamo, Bleka and Vekselmyr Projects [Member] | Sweden And Norway [Member] | Sienna Resources Inc. ("Sienna") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired								100.00%			100.00%
Net Smelter Return Royalty								3.00%			3.00%
Percentage of net smelter return royalty may be purchased											0.50%
Exploration expenditure									$ 250		$ 250
Number of common shares received | shares								500,000	500,000		500,000
Amount of common shares received								$ 43,000																												$ 35,000
Additional common shares issued | shares								1,500,000			1,500,000
AAR payments								EMX will receive AAR payments of US$25 for each property commencing on the first anniversary of the option exercise date, with each AAR payment increasing by US$5 per year until reaching a cap of US$75 per year.	EMX will receive AAR payments of US$25 for each property commencing on the first anniversary of the option exercise date, with each AAR payment increasing by US$5 per year until reaching a cap of US$75 per year.		the Company will receive annual advance royalty ("AAR") payments of US$25 commencing on the first anniversary of the option exercise date, with each AAR payment increasing by US$5 per year until reaching a cap of US$75 per year.
Share price per shares | $ / shares								$ 0.09																												$ 0.07
Tomtebo and Trollberget Projects [Member] | Bergslagen [Member] | District Metals Corp. ("DMX" or "District") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Cash consideration										$ 35,000
Net Smelter Return Royalty										2.50%
Percentage of net smelter return royalty may be purchased										0.50%
Payments for net smelter return royalties										$ 2,000,000
Number of shares issued | shares										5,882,830
Number of common shares received | shares																																				5,882,830	5,882,830
Amount of common shares received																																				$ 1,353,000
Common shares received per share | $ / shares																																				$ 230
Revenue and other income																																				$ 105,000
Number of common shares received as part of anti dilution provision | shares																																				219,756	219,756
Value of common shares issued										$ 3,000,000
Aggregate Interest										9.90%
Gumsberg, Adak, Tynset and Burfjord Projects [Member] | Sweden And Norway [Member] | Boreal Metals Corp. [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Annual advance royalty ("AAR") payments																																				$ 63,000	$ 50,000		$ 25,000
Number of equity interests in subsidiary acquired | shares																																	1,324,181
Guldgruvan Cobalt, Njuggtraskliden and Mjovattnet Projects [Member] | Sweden And Norway [Member] | Boreal Energy Metals Corporation ("BEMC") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																																5.90%
Number of equity interests in subsidiary acquired | shares																																2,979,798
Riddarhyttan Project [Member] | Sweden [Member] | South32 Limited ("South32") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																														100.00%	100.00%
Cash consideration																															$ 200,000
Net Smelter Return Royalty																														3.00%	3.00%
Percentage of net smelter return royalty may be purchased																														0.75%	0.75%
Payment for share-based option																															$ 500,000
Bleikvassli, Sagvoll, Meråker, and the Bastuträsk Projects [Member] | Norra Metals Corp. ("Norra") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																																										9.90%
Net Smelter Return Royalty																																										3.00%
Value of shares issued for net smelter return royalty																									$ 289,000
Number of shares issued | shares																									4,808,770
Number of common shares received | shares																																				3,200,385	3,200,385	356,500	356,500
Amount of common shares received																																				$ 592,000		$ 11,000
Common shares received per share | $ / shares																																				$ 0.19		$ 0.03				$ 60
Value of common shares issued																																										$ 5,000,000
Aggregate Interest																																										9.90%
Rostvangen Property And Vakkerlien Projects [Member] | Playfair Mining Ltd. ("Playfair") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																									9.90%
Net Smelter Return Royalty																									3.00%
Annual advance royalty ("AAR") payments																									$ 30,000
Increase in annual advance royalty payment																									$ 5,000
Number of common shares received | shares																		3,000,000							3,000,000
Amount of common shares received																		$ 120,000							$ 150,000
Common shares received per share | $ / shares																$ 0.05		$ 0.04
Rostvangen Property And Vakkerlien Projects [Member] | Top of range [member] | Playfair Mining Ltd. ("Playfair") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Increase in annual advance royalty payment																									$ 80,000
Gold Line Resources Agreement [Member] | Gold Line Resources Ltd. ("GLR") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Number of common shares received | shares						4,391,084
Amount of common shares received						$ 1,098,000
Common shares received per share | $ / shares						$ 0.25
Gold Line Resources Agreement [Member] | Sweden [Member] | Gold Line Resources Ltd. ("GLR") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																							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.
Value of common shares issued																							$ 5,000,000
Share price per shares | $ / shares																							$ 0.05
Proceeds from issuing shares																							$ 260,000
Proceeds from share purchase agreement																							$ 127,000
Number of shares acquired | shares																							2,555,210	2,555,210
Definitive sales agreement, description of advanced annual royalty payments																							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.	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.
License Fee Expense																								$ 101,000
Reimbursement of license fees received																								$ 133,000
Gold equivalent of proceeds received (ounces) | oz																							2,500	2,500
Akarca Property [Member] | AES Madencilik A.S. ("AES") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Proceeds from share purchase agreement																																		$ 2,631,000	$ 2,000,000
Akarca Property [Member] | Ciftay Insaat Taahhut Ve Ticaret As [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Description of gold payments associated with share purchase agreement			Çiftay guaranteed the initial payments of 2,500 ounces of gold, or cash equivalent. 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 (2,600 onces in total). Çiftay completed the payment of the 2,600 ounces of gold, or cash equivalent in August 2019 and then requested the agreement be placed into force majeure until permitting requirements are satisfied. No payments on the agreement have been received during the year ended December 31, 2020.
Sisorta Property [Member] | Turkey [Member] | Bahar Madencilik Sinayi ve Ticaret Ltd Sti [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Revenue and other income																																							$ 125,000
Alankoy And Trab-23 Projects [Member] | Turkey [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Description of milestone payments																Upon closing, EMX received the cash equivalent of 40 ounces of gold for the Alanköy project (US$63 received) and the cash equivalent of 30 ounces of gold for the Trab-23 project (US$47 received). 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 the 7th anniversary onwards. 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 the 5th anniversary onwards. 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 value equivalent. Additionally, each agreement also contains certain work commitments that include drilling milestones and other project advancement requirements.	Upon closing, EMX received the cash equivalent of 40 ounces of gold for the Alanköy project (US$63 received) and the cash equivalent of 30 ounces of gold for the Trab-23 project (US$47 received). 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 the 7th anniversary onwards. 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 the 5th anniversary onwards. 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 value equivalent. Additionally, each agreement also contains certain work commitments that include drilling milestones and other project advancement requirements.
Balya Project [Member] | Turkey [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Net Smelter Return Royalty																																				4.00%
Kimberley Copper Project [Member] | Enfield Exploration Corporation ('Enfield") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Number of shares commited under agreement | shares																													500,000
Value of shares commited under agreement																													$ 1,000,000
Number of shares issued upon achievement of certain milestones | shares																													1,750,000
Queensland Gold Project [Member] | Australia [Member] | Many Peaks Gold Pty. Ltd. ("MPL") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired							100.00%
Net Smelter Return Royalty							2.50%
Payments for net smelter return royalties							$ 500
Exploration expenditure							$ 2,000
Description of milestone payments							Beginning on the fourth anniversary of the agreement, EMX will receive AAR payments as follows: (a) Until a first-time resource is defined for the Project according to Joint Ore Reserves Committee ("JORC") reporting requirements, the AAR payments to EMX will equal 30 ounces of gold bullion, or the cash equivalent; (b) If a first-time JORC resource is completed defining less than 1.5 million ounces of gold in the combined measured, indicated, and inferred categories, the AAR payments to EMX will equal 50 ounces of gold bullion, or the cash equivalent; and (c) If a first-time JORC compliant resource is completed defining greater than 1.5 million ounces of gold in the combined measured, indicated, and inferred categories, the AAR payments to EMX will equal 65 ounces of gold, or the cash equivalent. MPL will have the option to purchase 0.5% of the royalty for 1,000 ounces of gold or its cash equivalent no later than the fifth anniversary of the agreement.
Amount of common shares received							$ 65
Njuggtraskliden And Mjovattnet Projects [Member] | Sweden And Norway [Member] | Boreal Energy Metals Corporation ("BEMC") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Percentage of equity interests acquired																														4.00%	4.00%
Number of equity interests in subsidiary acquired | shares																														2,020,202	2,020,202
Proceeds from reimbursement of amounts paid																														$ 37,000
Aggregate Interest																														9.90%	9.90%
Between Fifth And Seventh Anniversaries [Member] | Yerington West, Nevada [Member] | USA [Member] | Hudbay Minerals Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Annual advance royalty ("AAR") payments																											(50,000)
Between Eighth And Tenth Anniversaries [Member] | Yerington West, Nevada [Member] | USA [Member] | Hudbay Minerals Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Proceeds from annual advance minimum royalty																											$ 75,000
First And Second Anniversaries [Member] | Yerington West, Nevada [Member] | USA [Member] | Hudbay Minerals Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Aggregate anniversary payment		50,000
Third Anniversary [Member] | Yerington West, Nevada [Member] | USA [Member] | Hudbay Minerals Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Aggregate anniversary payment		$ 100,000
Third Anniversary [Member] | Tomtebo and Trollberget Projects [Member] | Bergslagen [Member] | District Metals Corp. ("DMX" or "District") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Exploration expenditure										$ 1,000,000
Annual advance royalty ("AAR") payments										25,000
Increase in annual advance royalty payment										$ 10,000
AAR payments										Commencing on the third anniversary of the closing date, EMX will receive AAR payments of $25, with each AAR payment increasing by $10 per year until reaching $75 per year.
Third Anniversary [Member] | Tomtebo and Trollberget Projects [Member] | Top of range [member] | Bergslagen [Member] | District Metals Corp. ("DMX" or "District") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Increase in annual advance royalty payment										$ 75,000
Upon Execution Of Agreement [Member] | Mainspring, Arizona [Member] | USA [Member] | BCE Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Proceeds from annual option payment																				$ 66,000	50,000
First Anniversary Date [Member] | Mainspring, Arizona [Member] | USA [Member] | BCE Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Proceeds from annual option payment																				$ 66,000	50,000
First Anniversary Date [Member] | Tomtebo and Trollberget Projects [Member] | Bergslagen [Member] | District Metals Corp. ("DMX" or "District") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Execution payment (received)										275,000
Aggregate anniversary payment										$ 550,000
First Anniversary Date [Member] | Queensland Gold Project [Member] | Australia [Member] | Many Peaks Gold Pty. Ltd. ("MPL") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Cash consideration							235
30 days after completion of a pre-feasibility study [Member] | Mainspring, Arizona [Member] | USA [Member] | BCE Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Proceeds from annual option payment																					1,000,000
30 days after completion of a feasibility study [Member] | Mainspring, Arizona [Member] | USA [Member] | BCE Inc [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Proceeds from annual option payment																					$ 2,000,000
Second Tranche [Member] | Espedalen, Hosanger, and Sigdal Projects [Member] | Sweden And Norway [Member] | Pursuit Minerals Limited ("PUR" or "Pursuit") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Additional common shares issued | shares																20,000,000
Capped parentage on common shares issued to exercise the option																9.90%	9.90%
12 months from the effective date | Queensland Gold Project [Member] | Australia [Member] | Many Peaks Gold Pty. Ltd. ("MPL") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Minimum expenditure on project							$ 500
Every six months commencing February 1, 2017 [Member] | Akarca Property [Member] | AES Madencilik A.S. ("AES") [Member]
Categories Of Royalty And Other Property Interests [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] | Akarca Property [Member] | AES Madencilik A.S. ("AES") [Member]
Categories Of Royalty And Other Property Interests [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] | Akarca Property [Member] | AES Madencilik A.S. ("AES") [Member]
Categories Of Royalty And Other Property Interests [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
Sliding Scale Royalty Percentage																																		1.00%	1.00%
Upon production of an aggregate of 500,000 ounces of gold [Member] | Akarca Property [Member] | AES Madencilik A.S. ("AES") [Member]
Categories Of Royalty And Other Property Interests [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
Sliding Scale Royalty Percentage																																		3.00%	3.00%
Upon next 400,000 ounces of gold production [Member] | Akarca Property [Member] | AES Madencilik A.S. ("AES") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Sliding Scale Royalty Percentage																																		2.00%	2.00%
All production other than gold production [Member] | Akarca Property [Member] | AES Madencilik A.S. ("AES") [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Sliding Scale Royalty Percentage																																		3.00%	3.00%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Major components of tax expense (income) [abstract]
Canadian federal and provincial statutory income tax rate	27.00%	27.00%

CAPITAL STOCK (Narrative) (Deta

CAPITAL STOCK (Narrative) (Details)	12 Months Ended
	Dec. 31, 2020CAD ($)Shareshares	Dec. 31, 2019CAD ($)$ / sharesshares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Shares issued for exercise of stock options (shares) | shares	1,967,800	1,790,300
Shares issued for exercise of options	$ 2,156,000	$ 2,103,000
Shares issued for royalty and other property interests (shares) | shares	155,271
Shares issued for royalty and other property interests	$ 535,000
Share-based payments (Shares) | shares		239,405
Share-based payments	$ 2,784,000	$ 2,240,000
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	2 years 9 months 25 days	3 years 1 month 6 days
Share-based Payments	$ 3,121,000	$ 2,423,000
Weighted average fair value of the stock options granted	$ 1.35	$ 0.97
RSU's vested | Share	156,250
RSU's expired | Share	156,250
Kaukua Royalty [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of instruments or interests issued or issuable	52,000
Equity interests of acquirer	$ 136,000
Frontline Royalty And Other Property Interest [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Shares issued for royalty and other property interests (shares) | shares	103,271
Shares issued for royalty and other property interests	$ 399,000
Restricted Share Unit Plan [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Shares awarded settled in cash | shares		107,460
Share issue price per share | $ / shares		$ 1.70
Share-based payments (Shares) | shares		239,405
Share-based payments		$ 407,000
Total of RSU's reserved for issuance | Share	3,200,000
Capital stock [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Shares issued for exercise of options	$ 2,156,000	2,103,000
Shares issued for royalty and other property interests	535,000
Share-based payments		407,000
Share-based payments [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based payments	$ 2,784,000	$ 1,833,000
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

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Non-Executive Chairman [Member]
Disclosure of transactions between related parties [line items]
Consulting fees	$ 20,800
Key management personnel and other related parties [Member]
Disclosure of transactions between related parties [line items]
Accounts payable and accrued liabilities	$ 28	$ 36

RISK AND CAPITAL MANAGEMENT_ _3

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS (Narrative) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Working capital	$ 68,995	$ 75,178
Purchase fair value through other comprehensive income investments	0	$ 4,580
Rawhide Acquistion Holding, LLC [Member]
Disclosure of detailed information about financial instruments [line items]
Purchase fair value through other comprehensive income investments	$ 4,580
Percentage of equity interests acquired	19.90%
Market Risk [Member]
Disclosure of detailed information about financial instruments [line items]
Potential change in market prices	10.00%
Value at risk	$ 2,051
Currency Risk [Member]
Disclosure of detailed information about financial instruments [line items]
Potential change in market prices	10.00%
Value at risk	$ 4,625

SUPPLEMENTAL DISCLOSURE WITH _3

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Narrative) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Cash Flow Statement Explanatory [Line Items]
Common shares issued for acquisition of royalty and other property interests	$ 399
Issuance of common shares for acquisition of royalty and other property interests	103,271
Common shares issued for acquisition of royalty interest	$ 136
Issuance of common shares for acquisition of royalty interest	52,000
Change in fair value of financial instruments	$ 31
Currency translation adjustment	234	$ 533
CTA gain (loss) on royalty interest	209	616
CTA gain (loss) on deferred tax asset	(6)	88
CTA gain (loss) in the net assets of a subsidiary	31	5
Reclass from commitment to issue shares	2,784	2,240
Reclassification from strategic investments to investments	796
Value of common shares received for settlement of loans receivable	405
Capital stock [Member]
Disclosure Of Cash Flow Statement Explanatory [Line Items]
Reclass of reserves on exercise of options	$ 1,211	1,035
Reclass from commitment to issue shares		$ 407

EVENTS SUBSEQUENT TO THE REPO_2

EVENTS SUBSEQUENT TO THE REPORTING DATE (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Option agreement for Flat Bamble and Brattassen projects in Norway and for Mjovattnet and Njuggtraskliden projects in Sweden [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of project interest	100.00%
Net smelter return royalty	2.50%
Percentage of issued and outstanding capital which may be issued as certain conditions are satisfied	9.90%
Definitive agreement with Gold Line and Agnico Eagle Mines Limited [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of project interest	100.00%
Net smelter return royalty	2.00%
Purchase price for project interest	$ 10,000
Purchase price for project interest, payable in cash	7,000
Purchase price for project interest, payable in shares	$ 1,500
Percentage of net smelter return royalty may be purchased at any time	1.00%
Value of net smelter return royalty may be purchased	$ 1,000
Additional share and cash payments as reimbursement Issued to Over course of agreement	1,500
Definitive agreement with Gold Line and Agnico Eagle Mines Limited [Member] | Gold Line Resources Ltd [Member]
Disclosure of non-adjusting events after reporting period [line items]
Value of shares issued under definitive agreement	$ 1,500

STATEMENT OF COMPLIANCE AND S_5

STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Disclosure of detailed information about subsidiaries (Details)	12 Months Ended
	Dec. 31, 2020
EMX Properties (Canada) Inc. [Member]
Statement Of Compliance And Summary Of Significant Accounting Policies [Line Items]
Proportion of equity interests of subsidiary held	100.00%
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, 2020	Dec. 31, 2019
Disclosure Of Investments [Line Items]
Total Investments	$ 25,626	$ 10,107
Less: current portion	(16,755)	(5,494)
Non-current portion	8,871	4,613
Marketable Securities [Member]
Disclosure Of Investments [Line Items]
Total Investments	14,717	4,665
Warrants [Member]
Disclosure Of Investments [Line Items]
Total Investments	636	829
Private Company Investments [Member]
Disclosure Of Investments [Line Items]
Total Investments	$ 10,273	$ 4,613

TRADE AND SETTLEMENT RECEIVAB_4

TRADE AND SETTLEMENT RECEIVABLES, AND OTHER ASSETS - Disclosure of detailed information about receivables (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Trade And Other Current Receivable [Line Items]
Receivables	$ 2,876	$ 981
Royalty income receivable [Member]
Trade And Other Current Receivable [Line Items]
Receivables	66	15
Refundable taxes [Member]
Trade And Other Current Receivable [Line Items]
Receivables	1,723	174
Recoverable exploration expenditures and advances [Member]
Trade And Other Current Receivable [Line Items]
Receivables	679	460
Other [Member]
Trade And Other Current Receivable [Line Items]
Receivables	$ 408	$ 332

TRADE AND SETTLEMENT RECEIVAB_5

TRADE AND SETTLEMENT RECEIVABLES, AND OTHER ASSETS - Disclosure of detailed information about currency of receivables (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Trade And Other Current Currencies Receivable [Line Items]
Receivables	$ 2,876	$ 981
Canadian Dollars [Member]
Trade And Other Current Currencies Receivable [Line Items]
Receivables	243	158
US Dollars [Member]
Trade And Other Current Currencies Receivable [Line Items]
Receivables	367	453
Swedish Krona [Member]
Trade And Other Current Currencies Receivable [Line Items]
Receivables	$ 2,266	$ 370

LOANS RECEIVABLE - Disclosure o

LOANS RECEIVABLE - Disclosure of detailed information about loans receivables (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Aug. 31, 2020	Dec. 31, 2019
Disclosure Of Loans Receivables [Line Items]
Loan receivable	$ 500		$ 1,372
Revelo Resources Corp. [Member]
Disclosure Of Loans Receivables [Line Items]
Loan receivable	0		526
Norden Crown Metals Corp. (formerly Boreal Metals Corp.) [Member]
Disclosure Of Loans Receivables [Line Items]
Loan receivable	$ 500	$ 482	$ 846

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, 2020	Dec. 31, 2019
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	$ 644
Property, plant and equipment at end of period	746	$ 644
Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	1,416	1,217
Additions	165	199
Disposals and derecognition	(64)
Property, plant and equipment at end of period	1,517	1,416
Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	772	751
Additions	63	21
Disposals and derecognition	(64)
Property, plant and equipment at end of period	771	772
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
Disposals and derecognition	(59)
Property, plant and equipment at end of period	51	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
Disposals and derecognition	(59)
Property, plant and equipment at end of period	51	110
Field [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	82
Property, plant and equipment at end of period	210	82
Field [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	162	87
Additions	165	75
Disposals and derecognition	(5)
Property, plant and equipment at end of period	322	162
Field [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	80	60
Additions	37	20
Disposals and derecognition	(5)
Property, plant and equipment at end of period	112	80
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
Disposals and derecognition	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
Disposals and derecognition	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	143
Property, plant and equipment at end of period	117	143
Building [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	723	599
Additions	0	124
Disposals and derecognition	0
Property, plant and equipment at end of period	723	723
Building [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	580	579
Additions	26	1
Disposals and derecognition	0
Property, plant and equipment at end of period	606	580
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
Disposals and derecognition	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
Disposals and derecognition	0
Property, plant and equipment at end of period	$ 0	$ 0

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, 2020	Dec. 31, 2019
Disclosure Of Revenue And General And Administrative Expenses [Abstract]
Royalty revenue	$ 1,478	$ 1,439
Option and other property income	4,700	1,978
Interest income	937	1,667
Dividend Income	84	0
Revenue and other income	$ 7,199	$ 5,084

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, 2020	Dec. 31, 2019
Disclosure Of Revenue And General And Administrative Expenses [Abstract]
Salaries, consultants, and benefits	$ 2,360	$ 1,885
Professional fees	968	1,111
Investor relations and shareholder information	604	756
Transfer agent and filing fees	222	174
Administrative and office	944	968
Travel	74	233
General and administrative expenses	$ 5,172	$ 5,127

ROYALTY AND OTHER PROPERTY IN_4

ROYALTY AND OTHER PROPERTY INTERESTS - Disclosure of detailed information about royalty interests (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	$ 15,034	$ 15,959
Additions	5,800	626
Recoveries	(1,006)	(133)
Depletion	(1,123)	(802)
Cumulative translation adjustments	(209)	(616)
Royalty and Other Property Interests, ending balance	18,496	15,034
Leeville [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Depletion	(1,123)	(802)
Corvus [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	350
Royalty and Other Property Interests, ending balance		350
Millrock [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	210
Royalty and Other Property Interests, ending balance		210
Royalty interest [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	13,488	14,346
Additions	2,092	560
Recoveries	0	0
Depletion	(1,123)	(802)
Cumulative translation adjustments	(209)	(616)
Royalty and Other Property Interests, ending balance	14,248	13,488
Royalty interest [Member] | USA [Member] | Leeville [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	12,583	14,001
Additions	0	0
Recoveries	0	0
Depletion	(1,123)	(802)
Cumulative translation adjustments	(209)	(616)
Royalty and Other Property Interests, ending balance	11,251	12,583
Royalty interest [Member] | USA [Member] | Afgan [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	145	145
Additions	0	0
Recoveries	0	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	145	145
Royalty interest [Member] | USA [Member] | Corvus [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	350	0
Additions	0	350
Recoveries	0	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	350	350
Royalty interest [Member] | USA [Member] | Millrock [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	210	0
Additions	0	210
Recoveries	0	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	210	210
Royalty interest [Member] | Canada [Member] | Frontline Portfolio [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	0
Additions	148
Recoveries	0
Depletion	0
Cumulative translation adjustments	0
Royalty and Other Property Interests, ending balance	148	0
Royalty interest [Member] | Chile [Member] | Revelo Portfolio [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	0
Additions	1,684
Recoveries	0
Depletion	0
Cumulative translation adjustments	0
Royalty and Other Property Interests, ending balance	1,684	0
Royalty interest [Member] | Finland [Member] | Kaukua Royalty Interests [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	0
Additions	260
Recoveries	0
Depletion	0
Cumulative translation adjustments	0
Royalty and Other Property Interests, ending balance	260	0
Royalty interest [Member] | Serbia [Member] | Timok [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	200	200
Additions	0	0
Recoveries	0	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	200	200
Other Property Interests [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	1,546	1,613
Additions	3,708	66
Recoveries	(1,006)	(133)
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	4,248	1,546
Other Property Interests [Member] | USA [Member] | Superior West [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	603	736
Additions	0	0
Recoveries	(139)	(133)
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	464	603
Other Property Interests [Member] | USA [Member] | Yerington West, Nevada [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	206	206
Additions	0	0
Recoveries	(64)	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	142	206
Other Property Interests [Member] | USA [Member] | Mainspring [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	66	0
Additions	66	66
Recoveries	0	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	132	66
Other Property Interests [Member] | Canada [Member] | Frontline Portfolio [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	0
Additions	651
Recoveries	0
Depletion	0
Cumulative translation adjustments	0
Royalty and Other Property Interests, ending balance	651	0
Other Property Interests [Member] | Canada [Member] | Perry Portfolio [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	0
Additions	2,991
Recoveries	(570)
Depletion	0
Cumulative translation adjustments	0
Royalty and Other Property Interests, ending balance	2,421	0
Other Property Interests [Member] | Sweden [Member] | Viad [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	421	421
Additions	0	0
Recoveries	0	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	421	421
Other Property Interests [Member] | Sweden [Member] | Various [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	17	17
Additions	0	0
Recoveries	0	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	17	17
Other Property Interests [Member] | Turkey [Member] | Alankoy [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	154	154
Additions	0	0
Recoveries	(154)	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	0	154
Other Property Interests [Member] | Turkey [Member] | Trab [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Royalty and Other Property Interests, beginning balance	79	79
Additions	0	0
Recoveries	(79)	0
Depletion	0	0
Cumulative translation adjustments	0	0
Royalty and Other Property Interests, ending balance	$ 0	$ 79

ROYALTY AND OTHER PROPERTY IN_5

ROYALTY AND OTHER PROPERTY INTERESTS - Disclosure of detailed information about project and royalty generation costs (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	$ 16,392	$ 15,723
Recoveries from partners	(7,962)	(7,277)
Net Expenditures	8,430	8,446
Administration costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	432	488
Drilling, technical, and support costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	5,322	5,794
Personnel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	4,932	4,735
Professional costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	1,066	810
Property costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	3,288	2,244
Share-based payments [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	1,127	1,178
Travel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	225	474
Scandinavia [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	3,244	3,697
Recoveries from partners	(1,606)	(2,921)
Net Expenditures	1,638	776
Scandinavia [Member] | Administration costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	136	130
Scandinavia [Member] | Drilling, technical, and support costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	323	1,422
Scandinavia [Member] | Personnel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	1,020	1,234
Scandinavia [Member] | Professional costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	243	118
Scandinavia [Member] | Property costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	1,279	543
Scandinavia [Member] | Share-based payments [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	116	96
Scandinavia [Member] | Travel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	127	154
USA [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	9,222	6,248
Recoveries from partners	(6,347)	(4,021)
Net Expenditures	2,875	2,227
USA [Member] | Administration costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	178	155
USA [Member] | Drilling, technical, and support costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	4,734	2,557
USA [Member] | Personnel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	1,971	1,532
USA [Member] | Professional costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	10	18
USA [Member] | Property costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	2,005	1,674
USA [Member] | Share-based payments [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	310	267
USA [Member] | Travel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	14	45
Turkey [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	210	372
Recoveries from partners	0	(17)
Net Expenditures	210	355
Turkey [Member] | Administration costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	1	63
Turkey [Member] | Drilling, technical, and support costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	115	40
Turkey [Member] | Personnel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	7	63
Turkey [Member] | Professional costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	64	119
Turkey [Member] | Property costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	0	65
Turkey [Member] | Share-based payments [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	23	22
Turkey [Member] | Travel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	0	0
Australia And New Zealand [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	312	2,072
Recoveries from partners	(9)	(317)
Net Expenditures	303	1,755
Australia And New Zealand [Member] | Administration costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	12	22
Australia And New Zealand [Member] | Drilling, technical, and support costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	114	1,775
Australia And New Zealand [Member] | Personnel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	5	96
Australia And New Zealand [Member] | Professional costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	171	101
Australia And New Zealand [Member] | Property costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	0	28
Australia And New Zealand [Member] | Share-based payments [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	10	19
Australia And New Zealand [Member] | Travel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	0	31
Other [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	112	72
Recoveries from partners	0	(1)
Net Expenditures	112	71
Other [Member] | Administration costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	1	0
Other [Member] | Drilling, technical, and support costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	36	0
Other [Member] | Personnel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	0	120
Other [Member] | Professional costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	64	5
Other [Member] | Property costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	4	(66)
Other [Member] | Share-based payments [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	7	13
Other [Member] | Travel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	0	0
General Royalty And Project Investigation [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	3,292	3,262
Recoveries from partners	0	0
Net Expenditures	3,292	3,262
General Royalty And Project Investigation [Member] | Administration costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	104	118
General Royalty And Project Investigation [Member] | Drilling, technical, and support costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	0	0
General Royalty And Project Investigation [Member] | Personnel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	1,929	1,690
General Royalty And Project Investigation [Member] | Professional costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	514	449
General Royalty And Project Investigation [Member] | Property costs [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	0	0
General Royalty And Project Investigation [Member] | Share-based payments [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	661	761
General Royalty And Project Investigation [Member] | Travel [Member]
Categories Of Royalty And Other Property Interests [Line Items]
Total Expenditures	$ 84	$ 244

RECLAMATION BONDS - Disclosure

RECLAMATION BONDS - Disclosure of detailed information about reclamation bonds (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Exploration And Evaluation Assets By Geography [Line Items]
Reclamation bonds	$ 456	$ 732
U.S.A - various properties [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Reclamation bonds	448	680
Sweden - various properties [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Reclamation bonds	8	42
Other [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Reclamation bonds	$ 0	$ 10

INCOME TAXES - Disclosure of de

INCOME TAXES - Disclosure of detailed information about deferred taxes (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income tax asset and (liability)	$ 0	$ 2,107
Royalty interest [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income tax asset and (liability)	(1,718)	(1,385)
Tax loss carryforwards [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income tax asset and (liability)	1,828	3,377
Temporary differences [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income tax asset and (liability)	$ (110)	$ 115

INCOME TAXES - Disclosure of _2

INCOME TAXES - Disclosure of detailed information about temporary difference, unused tax losses and unused tax credits (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Tax loss carryforwards [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	$ 60,699	$ 55,849
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	4,094	410
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	$ 1,557	$ 1,482

INCOME TAXES - Disclosure of _3

INCOME TAXES - Disclosure of detailed information about income tax expense (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Major components of tax expense (income) [abstract]
Current tax expense	$ 506	$ 0
Deferred tax expense (recovery)	2,113	(415)
Tax expense (income)	$ 2,619	$ (415)

INCOME TAXES - Disclosure of _4

INCOME TAXES - Disclosure of detailed information about effective income tax expense (recovery) (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Major components of tax expense (income) [abstract]
Expected income tax recovery	$ (914)	$ (3,844)
Effect of lower tax rates in foreign jurisdictions	31	942
Permanent differences	876	898
Change in unrecognized deductible temporary differences and other	2,552	1,191
Foreign exchange	74	398
Total	$ 2,619	$ (415)

ADVANCES FROM JOINT VENTURE P_3

ADVANCES FROM JOINT VENTURE PARTNERS - Disclosure of detailed information about joint operations (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Exploration And Evaluation Assets By Geography [Line Items]
Advances from joint venture partners	$ 1,565	$ 2,404
UNITED STATES
Exploration And Evaluation Assets By Geography [Line Items]
Advances from joint venture partners	1,524	2,305
Sweden and Norway [Member]
Exploration And Evaluation Assets By Geography [Line Items]
Advances from joint venture partners	$ 41	$ 99

CAPITAL STOCK - Disclosure of d

CAPITAL STOCK - Disclosure of detailed information about number and weighted average exercise prices of share options (Details)	12 Months Ended
	Dec. 31, 2020Share$ / shares	Dec. 31, 2019Share$ / shares
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	6,714,700	6,775,000
Weighted average exercise price of share options outstanding in share-based payment arrangement at beginning of period | $ / shares	$ 1.30	$ 1.16
Number of share options granted in share-based payment arrangement | Share	1,645,500	1,740,000
Weighted average exercise price of share options granted in share-based payment arrangement | $ / shares	$ 2.62	$ 1.71
Number of share options exercised in share-based payment arrangement | Share	(1,967,800)	(1,790,300)
Weighted average exercise price of share options exercised in share-based payment arrangement | $ / shares	$ 1.10	$ 1.18
Number of share options forfeited in share-based payment arrangement | Share	(10,000)	(10,000)
Weighted average exercise price of share options forfeited in share-based payment arrangement | $ / shares	$ 1.70	$ 1.45
Number of share options outstanding in share-based payment arrangement at end of period | Share	6,382,400	6,714,700
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of period | $ / shares	$ 1.70	$ 1.30
Number of share options exercisable in share-based payment arrangement | Share	6,372,400
Weighted average exercise price of share options exercisable in share-based payment arrangement | $ / shares	$ 1.70

CAPITAL STOCK - Disclosure of_2

CAPITAL STOCK - Disclosure of detailed information about range of exercise prices of outstanding share options (Details)	12 Months Ended
	Dec. 31, 2020Share$ / shares	Dec. 31, 2019Share	Dec. 31, 2018Share
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	6,382,400	6,714,700	6,775,000
Number of share options exercisable in share-based payment arrangement	6,372,400
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	832,500
Number of share options exercisable in share-based payment arrangement	832,500
Exercise price of outstanding share options | $ / shares	$ 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	1,165,000
Number of share options exercisable in share-based payment arrangement	1,165,000
Exercise price of outstanding share options | $ / shares	$ 1.20
Expiry Date	August 28, 2022
Granted July 10, 2018 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	1,339,000
Number of share options exercisable in share-based payment arrangement	1,339,000
Exercise price of outstanding share options | $ / shares	$ 1.30
Expiry Date	July 10, 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	10,000
Number of share options exercisable in share-based payment arrangement	10,000
Exercise price of outstanding share options | $ / shares	$ 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 | $ / shares	$ 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	1,400,000
Number of share options exercisable in share-based payment arrangement	1,400,000
Exercise price of outstanding share options | $ / shares	$ 1.70
Expiry Date	June 6, 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	30,000
Number of share options exercisable in share-based payment arrangement	30,000
Exercise price of outstanding share options | $ / shares	$ 1.80
Expiry Date	November 18, 2024
Granted January 21, 2020 [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 | $ / shares	$ 2.22
Expiry Date	January 21, 2025
Granted April 22, 2020 [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 | $ / shares	$ 2.50
Expiry Date	April 22, 2025
Granted June 10, 2020 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	1,471,900
Number of share options exercisable in share-based payment arrangement	1,461,900
Exercise price of outstanding share options | $ / shares	$ 2.62
Expiry Date	June 10, 2025
Granted October 5, 2020 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement	34,000
Number of share options exercisable in share-based payment arrangement	34,000
Exercise price of outstanding share options | $ / shares	$ 3.50
Expiry Date	October 5, 2025

CAPITAL STOCK - Disclosure of_3

CAPITAL STOCK - Disclosure of detailed information about change in restricted share units outstanding (Details) - Share	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Restricted share units, beginning of period	958,500	625,000
Vested	(312,500)
Granted	430,000	333,500
Restricted share units, end of period	1,076,000	958,500

CAPITAL STOCK - Disclosure of_4

CAPITAL STOCK - Disclosure of detailed information about restricted share units (Details) - Share	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of terms and conditions of share-based payment arrangement [line items]
Restricted share units, beginning of period	958,500	625,000
Granted	430,000	333,500
Vested	(156,250)
Expired/Cancelled	(156,250)
Restricted share units, end of period	1,076,000	958,500
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	(156,250)
Expired/Cancelled	(156,250)
Restricted share units, end of period	0	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	312,500
Granted	0
Vested	0
Expired/Cancelled	0
Restricted share units, end of period	312,500	312,500
November 18, 2022 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Restricted share units, beginning of period	21,000
Granted	0
Vested	0
Expired/Cancelled	0
Restricted share units, end of period	21,000	21,000
December 31, 2022 [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Restricted share units, beginning of period	0
Granted	430,000
Vested	0
Expired/Cancelled	0
Restricted share units, end of period	430,000	0

CAPITAL STOCK - Disclosure of_5

CAPITAL STOCK - Disclosure of detailed information about share-based payment arrangements (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	$ 3,121	$ 2,423
Fair value of stock options vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	2,220	1,676
RSU's vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	695	157
RSU's settled with cash [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	206
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
General and Administrative Expenses [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	1,994	1,245
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	1,241	832
General and Administrative Expenses [Member] | RSU's vested [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	695	157
General and Administrative Expenses [Member] | RSU's settled with cash [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	58
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
Project and royalty generation costs [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	1,127	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	979	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	0
Project and royalty generation costs [Member] | RSU's settled with cash [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based Payments	$ 148
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

CAPITAL STOCK - Disclosure of_6

CAPITAL STOCK - Disclosure of detailed information about options, valuation assumptions (Details) - Year	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Risk free interest rate	0.42%	1.34%
Expected life (years)	5	5
Expected volatility	61.70%	67.60%
Dividend yield	0.00%	0.00%

CAPITAL STOCK - Disclosure of_7

CAPITAL STOCK - Disclosure of detailed information about warrants, activity (Details)	12 Months Ended
	Dec. 31, 2020Share$ / shares	Dec. 31, 2019Share$ / shares
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	0	2,623,306
Weighted average exercise price of warrants outstanding in share-based payment arrangement at beginning of period | $ / shares	$ 0	$ 2
Number of warrants expired in share-based payment arrangement | Share		(2,623,306)
Weighted average exercise price of warrants expired in share-based payment arrangement | $ / shares		$ 2
Number of warrants outstanding in share-based payment arrangement at end of period | Share	0	0
Weighted average exercise price of warrants outstanding in share-based payment arrangement at end of period | $ / shares	$ 0	$ 0

RELATED PARTY TRANSACTIONS - Di

RELATED PARTY TRANSACTIONS - Disclosure of detailed information about transactions and outstanding balances relating to key management personnel (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of transactions between related parties [line items]
Key management personnel compensation, Salary and fees	$ 1,474	$ 1,239
Key management personnel compensation, share-based payment	1,403	850
Key management personnel compensation	2,877	2,089
Management [Member]
Disclosure of transactions between related parties [line items]
Key management personnel compensation, Salary and fees	894	650
Key management personnel compensation, share-based payment	934	568
Key management personnel compensation	1,828	1,218
Outside directors [Member]
Disclosure of transactions between related parties [line items]
Key management personnel compensation, Salary and fees	301	152
Key management personnel compensation, share-based payment	469	282
Key management personnel compensation	770	434
Seabord Services Corp. [Member]
Disclosure of transactions between related parties [line items]
Key management personnel compensation, Salary and fees	279	437
Key management personnel compensation, share-based payment	0	0
Key management personnel compensation	$ 279	$ 437

SEGMENTED INFORMATION - Disclos

SEGMENTED INFORMATION - Disclosure of detailed information about royalty and other property interest by location (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of operating segments [line items]
Royalty and other property interests	$ 18,496	$ 15,034	$ 15,959
Canada [Member]
Disclosure of operating segments [line items]
Royalty and other property interests	3,220	0
USA [Member]
Disclosure of operating segments [line items]
Royalty and other property interests	12,694	14,163
Sweden [Member]
Disclosure of operating segments [line items]
Royalty and other property interests	438	438
Turkey [Member]
Disclosure of operating segments [line items]
Royalty and other property interests	0	233
Finland [Member]
Disclosure of operating segments [line items]
Royalty and other property interests	260	0
Chile [Member]
Disclosure of operating segments [line items]
Royalty and other property interests	1,684	0
Serbia [Member]
Disclosure of operating segments [line items]
Royalty and other property interests	$ 200	$ 200

SEGMENTED INFORMATION - Discl_2

SEGMENTED INFORMATION - Disclosure of detailed information about property and equipment by location (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure of operating segments [line items]
Property and equipment	$ 746	$ 644
Sweden [Member]
Disclosure of operating segments [line items]
Property and equipment	58	54
USA [Member]
Disclosure of operating segments [line items]
Property and equipment	$ 688	$ 590

SEGMENTED INFORMATION - Discl_3

SEGMENTED INFORMATION - Disclosure of detailed information about royalty revenue by location (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of operating segments [line items]
Royalty revenue	$ 1,478	$ 1,439
USA [Member]
Disclosure of operating segments [line items]
Royalty revenue	1,414	896
Sweden [Member]
Disclosure of operating segments [line items]
Royalty revenue	64	53
Turkey [Member]
Disclosure of operating segments [line items]
Royalty revenue	$ 0	$ 490

RISK AND CAPITAL MANAGEMENT_ _4

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS - Disclosure of detailed information about financial assets (Details) $ in Thousands	Dec. 31, 2020CAD ($)
Disclosure of detailed information about financial instruments [line items]
Investments	$ 15,003
Warrants	636
Strategic investments	4,870
Total	20,509
Level 1 [Member]
Disclosure of detailed information about financial instruments [line items]
Investments	14,653
Warrants	0
Strategic investments	290
Total	14,943
Level 2 [Member]
Disclosure of detailed information about financial instruments [line items]
Investments	350
Warrants	636
Strategic investments	4,580
Total	5,566
Level 3 [Member]
Disclosure of detailed information about financial instruments [line items]
Investments	0
Warrants	0
Strategic investments	0
Total	$ 0

RISK AND CAPITAL MANAGEMENT_ _5

RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS - Disclosure of detailed information about currency risk (Details) $ in Thousands, $ in Thousands	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019CAD ($)	Dec. 31, 2018CAD ($)
Disclosure of detailed information about financial instruments [line items]
Cash and cash equivalents	$ 52,418		$ 68,994	$ 86,175
Restricted cash	196		187
Trade receivables	2,876		981
Accounts payable and accrued liabilities	(3,618)		(1,328)
Advances from joint venture partners	(1,565)		$ (2,404)
Currency Risk [Member]
Disclosure of detailed information about financial instruments [line items]
Cash and cash equivalents		$ 36,490
Restricted cash		1,041
Trade receivables		288
Accounts payable and accrued liabilities		(325)
Advances from joint venture partners		(1,197)
Net exposure	$ 46,246	$ 36,297

SUPPLEMENTAL DISCLOSURE WITH _4

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS - Disclosure of detailed information about cash and cash equivalents (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Cash Flow Statement Explanatory [Abstract]
Cash	$ 50,745	$ 68,994
Short-term deposits	1,957	187
Total	$ 52,702	$ 69,181

SUPPLEMENTAL DISCLOSURE WITH _5

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS - Disclosure of detailed information about Changes in non-cash working capital (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Cash Flow Statement Explanatory [Abstract]
Accounts receivable	$ (1,895)	$ 1,139
Prepaid expenses	(98)	(277)
Accounts payable and accrued liabilities	2,290	(4,403)
Advances from joint venture partners	(310)	460
Changes in non-cash working capital items	$ (13)	$ (3,081)