Silvercorp Metals (SVM) 40-F 22 Jun 22 2022 FY Annual report (Canada) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Mar. 31, 2022 shares
Document Information Line Items
Entity Registrant Name	SILVERCORP METALS INC
Trading Symbol	SVM
Document Type	40-F
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding	177,105,799
Amendment Flag	false
Entity Central Index Key	0001340677
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Auditor Name	Deloitte LLP
Auditor Location	Vancouver, Canada
Document Registration Statement	false
Document Annual Report	true
Entity File Number	001-34184
Entity Incorporation, State or Country Code	Z4
Entity Primary SIC Number	1041
Entity Tax Identification Number	00-0000000
Entity Address, Address Line One	Suite 1750
Entity Address, Address Line Two	1066 West Hastings Street
Entity Address, City or Town	Vancouver
Entity Address, Postal Zip Code	V6E 3X1
Entity Address, Country	CA
City Area Code	(604)
Local Phone Number	669-9397
Title of 12(b) Security	Common Shares, without par value
Security Exchange Name	NYSEAMER
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Interactive Data Current	Yes
Auditor Firm ID	1208
Business Contact
Document Information Line Items
Entity Address, Address Line One	84 State Street
Entity Address, City or Town	Boston
Entity Address, Postal Zip Code	02109
City Area Code	617
Local Phone Number	227-9590
Contact Personnel Name	Corporation Service Company
Entity Address, State or Province	MA

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Current Assets
Cash and cash equivalents	$ 113,302	$ 118,735
Short-term investments	99,623	80,357
Trade and other receivables	3,615	1,485
Current portion of lease receivable	182	213
Inventories	9,124	9,768
Due from related parties	66	847
Income tax receivable	928	4,978
Prepaids and deposits	5,468	4,806
Current Assets, Total	232,308	221,189
Non-current Assets
Long-term prepaids and deposits	974	409
Long-term portion lease receivable		183
Reclamation deposits	8,876	8,513
Other investments	17,768	15,733
Investment in associates	56,841	53,457
Plant and equipment	79,418	75,729
Mineral rights and properties	326,448	277,429
Deferred income tax assets	905
TOTAL ASSETS	723,538	652,642
Current Liabilities
Accounts payable and accrued liabilities	39,667	30,298
Current portion of lease obligation	649	657
Deposits received	5,445	4,857
Income tax payable	277	1,363
Current Liabilities, Total	46,038	37,175
Non-current Liabilities
Long-term portion of lease obligation	614	1,084
Deferred income tax liabilities	48,033	40,792
Environmental rehabilitation	8,739	7,863
Total Liabilities	103,424	86,914
Equity
Share capital	255,444	250,199
Equity reserves	43,250	29,469
Retained earnings	213,702	187,906
Total equity attributable to the equity holders of the Company	512,396	467,574
Non-controlling interests	107,718	98,154
Total Equity	620,114	565,728
TOTAL LIABILITIES AND EQUITY	$ 723,538	$ 652,642

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Profit or loss [abstract]
Revenue	$ 217,923	$ 192,105
Cost of mine operations
Production costs	88,537	69,544
Depreciation and amortization	25,082	21,434
Mineral resource taxes	5,952	5,004
Government fees and other taxes	2,643	2,374
General and administrative	11,408	9,587
Cost of sales	133,622	107,943
Income from mine operations	84,301	84,162
Corporate general and administrative	14,181	12,365
Property evaluation and business development	921	(3,237)
Foreign exchange (gain) loss	(267)	7,746
Loss on disposal of plant and equipment	210	293
Share of loss in associates	2,188	1,846
Loss (gain) on equity investments desgined as FVTPL	3,485	(7,732)
Other expense	1,018	1,157
Income from operations	62,565	71,724
Finance income	5,217	3,767
Finance costs	(10,710)	(1,988)
Income before income taxes	57,072	73,503
Income tax expense	13,788	12,994
Net income	43,284	60,509
Attributable to:
Equity holders of the Company	30,634	46,376
Non-controlling interests	12,650	14,133
Net income	$ 43,284	$ 60,509
Earnings per share attributable to the equity holders of the Company
Basic earnings per share (in Dollars per share)	$ 0.17	$ 0.27
Diluted earnings per share (in Dollars per share)	$ 0.17	$ 0.26
Weighted Average Number of Shares Outstanding - Basic (in Shares)	176,534,501	174,868,256
Weighted Average Number of Shares Outstanding - Diluted (in Shares)	178,323,968	177,074,004

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 43,284	$ 60,509
Items that may subsequently be reclassified to net income or loss:
Currency translation adjustment, net of tax of $nil	13,649	44,032
Share of other comprehensive income (loss) in associate	95	(2,324)
Items that will not subsequently be reclassified to net income or loss:
Change in fair value on equity investments designated as FVTOCI	(1,526)	12,551
Income tax effect	389
Other comprehensive income, net of taxes	12,607	54,259
Attributable to:
Equity holders of the Company	10,597	49,039
Non-controlling interests	2,010	5,220
Other comprehensive loss, net of taxes	12,607	54,259
Total comprehensive income	55,891	114,768
Attributable to:
Equity holders of the Company	41,231	95,415
Non-controlling interests	14,660	19,353
Total comprehensive income	$ 55,891	$ 114,768

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net income	$ 43,284	$ 60,509
Add (deduct) items not affecting cash:
Finance costs	10,710	1,988
Depreciation, amortization and depletion	27,028	23,224
Share of loss in associates	2,188	1,846
Income tax expense	13,788	12,994
Loss (gain) on equity investments desgined as FVTPL	3,485	(7,732)
Loss on disposal of plant and equipment	210	293
Share-based compensation	6,096	4,307
Reclamation expenditures	(251)	(150)
Income taxes paid	(5,512)	(14,347)
Interest paid	(72)	(95)
Changes in non-cash operating working capital	6,424	3,075
Net cash provided by operating activities	107,378	85,912
Mineral rights and properties
Capital expenditures	(43,341)	(35,661)
Acquisition	(13,135)	(7,566)
Proceeds on disposals		295
Plant and equipment
Additions	(10,729)	(8,972)
Proceeds on disposals	74	51
Reclamation deposits
Paid	(293)	(460)
Refund		1,855
Other investments
Acquisition	(8,235)	(12,708)
Proceeds on disposals	1,362	19,301
Investment in associates	(5,313)	(7,131)
Net redemptions (purchases) of short-term investments	(27,233)	9,826
Principal received on lease receivable	217	196
Net cash used in investing activities	(106,626)	(40,974)
Related parties
Payments made		(744)
Repayments received	812	1,423
Principal payments on lease obligation	(637)	(563)
Non-controlling interests
Contribution		2,500
Distribution	(5,096)	(3,239)
Cash dividends distributed	(4,413)	(4,368)
Proceeds from issuance of common shares	1,908	3,538
Net cash used in financing activities	(7,426)	(1,453)
Effect of exchange rate changes on cash and cash equivalents	1,241	9,473
(Decrease) increase in cash and cash equivalents	(5,433)	52,958
Cash and cash equivalents, beginning of the year	118,735	65,777
Cash and cash equivalents, end of the year	113,302	118,735
Supplementary cash flow information

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Share capital [Member]	Share option reserve [Member]	Reserves [Member]	Accumulated other comprehensive loss [Member]	Retained earnings [Member]	Total equity attributable to the equity holders of the Company [Member]	Non-controlling interests [Member]	Total
Balance at Mar. 31, 2020	$ 243,926	$ 15,038	$ 25,409	$ (61,589)	$ 145,898	$ 368,682	$ 70,290	$ 438,972
Balance (in Shares) at Mar. 31, 2020	173,816,834
Options exercised	$ 4,824	(1,286)				3,538		3,538
Options exercised (in Shares)	1,553,338
Restricted share units vested	$ 1,449	(1,449)
Restricted share units vested (in Shares)	372,372
Share-based compensation		4,307				4,307		4,307
Dividends declared					(4,368)	(4,368)		(4,368)
Acquisition of La Yesca							9,250	9,250
Contribution from non-controlling interests							2,500	2,500
Distribution to non-controlling interests							(3,239)	(3,239)
Comprehensive income				49,039	46,376	95,415	19,353	114,768
Balance at Mar. 31, 2021	$ 250,199	16,610	25,409	(12,550)	187,906	467,574	98,154	565,728
Balance (in Shares) at Mar. 31, 2021	175,742,544
Options exercised	$ 2,528	(620)				1,908		1,908
Options exercised (in Shares)	797,083
Restricted share units vested	$ 2,717	(2,717)
Restricted share units vested (in Shares)	566,172
Share-based compensation		6,096				6,096		6,096
Dividends declared					(4,413)	(4,413)		(4,413)
Distribution to non-controlling interests							(5,096)	(5,096)
Contribution to reserves			425		(425)
Comprehensive income				10,597	30,634	41,231	14,660	55,891
Balance at Mar. 31, 2022	$ 255,444	$ 19,369	$ 25,834	$ (1,953)	$ 213,702	$ 512,396	$ 107,718	$ 620,114
Balance (in Shares) at Mar. 31, 2022	177,105,799

CORPORATE INFORMATION

CORPORATE INFORMATION	12 Months Ended
	Mar. 31, 2022
Disclosure of notes and other explanatory information [text block] [Abstract]
CORPORATE INFORMATION	1. CORPORATE INFORMATION Silvercorp Metals Inc., along with its subsidiaries (collectively the “Company”), is in the business of production, development, exploration and acquisition of mineral properties. The Company’s producing mines are located in China, and current exploration and development projects are located in Mexico and China. The Company is a publicly listed company incorporated in the Province of British Columbia, Canada, with limited liability under the legislation of the Province of British Columbia. The Company’s shares are traded on the Toronto Stock Exchange and NYSE American. The head office, registered address and records office of the Company are located at 1066 West Hastings Street, Suite 1750, Vancouver, British Columbia, Canada, V6E 3X1.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2022
Disclosure of significant accounting policies [text block] [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	2. SIGNIFICANT ACCOUNTING POLICIES (a) Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The policies applied in these consolidated financial statements are based on IFRS in effect as of March 31, 2022. These consolidated financial statements were authorized for issue in accordance with a resolution of the Board of Directors dated on May 25, 2022. (b) Basis of Consolidation These consolidated financial statements include the accounts of the Company and its wholly or partially owned subsidiaries. Subsidiaries are consolidated from the date on which the Company obtains control up to the date of the disposition of control. Control is achieved when the Company has power over the subsidiary, is exposed or has rights to variable returns from its involvement with the subsidiary and has the ability to use its power to affect its returns. For non-wholly owned subsidiaries over which the Company has control, the net assets attributable to outside equity shareholders are presented as “non-controlling interests” in the equity section of the consolidated statement of financial position. Net income for the period that is attributable to the non- controlling interests is calculated based on the ownership of the non-controlling interest shareholders in the subsidiary. Adjustments to recognize the non-controlling interests’ share of changes to the subsidiary’s equity are made even if this results in the non-controlling interests having a deficit balance. Changes in the Company’s ownership interest in a subsidiary that do not result in a loss of control are recorded as equity transactions. The carrying amount of non-controlling interests is adjusted to reflect the change in the non- controlling interests’ relative interests in the subsidiary and the difference between the adjustment to the carrying amount of non-controlling interest and the Company’s share of proceeds received and/or consideration paid is recognized directly in equity and attributed to equity holders of the Company. Balances, transactions, revenues and expenses between the Company and its subsidiaries are eliminated on consolidation. Details of the Company’s significant subsidiaries which are consolidated are as follows: Proportion of ownership interest held Name of subsidiaries Principal activity Country of March 31, March 31, Mineral properties Silvercorp Metals China Inc. Holding company Canada 100% 100% Silvercorp Metals (China) Inc. Holding company China 100% 100% 0875786 B.C. LTD. Holding company Canada 100% 100% Fortune Mining Limited Holding company BVI (i) 100% 100% Fortune Copper Limited Holding company BVI 100% 100% Fortune Gold Mining Limited Holding company BVI 100% 100% Victor Resources Ltd. Holding company BVI 100% 100% Yangtze Mining Ltd. Holding company BVI 100% 100% Victor Mining Ltd. Holding company BVI 100% 100% Yangtze Mining (H.K.) Ltd. Holding company Hong Kong 100% 100% Fortune Gold Mining (H.K.) Limited Holding company Hong Kong 100% 100% Wonder Success Limited Holding company Hong Kong 100% 100% New Infini Silver Inc. (“New Infini”) Holding company Canada 46.1% 43.8% Infini Metals Inc. Holding company BVI 46.1% 43.8% Infini Resources (Asia) Co. Ltd. Holding company Hong Kong 46.1% 43.8% Golden Land (Asia) Ltd. Holding company Hong Kong 46.1% 43.8% Henan Huawei Mining Co. Ltd. (“Henan Huawei”) Mining China 80% 80% Ying Mining District Henan Found Mining Co. Ltd. (“Henan Found”) Mining China 77.5% 77.5% Xinshao Yunxiang Mining Co., Ltd. (“Yunxiang”) Mining China 70% 70% BYP Guangdong Found Mining Co. Ltd. (“Guangdong Found”) Mining China 99% 99% GC Infini Resources S.A. de C.V. Mining Mexico 46.1% 43.8% La Yesca Shanxi Xinbaoyuan Mining Co., Ltd. (“Xinbaoyuan”) Mining China 77.5% 0.0% Kuanping (c) Investments in Associates An associate is an entity over which the Company has significant influence but not control and is not a subsidiary or joint venture. Significant influence is presumed to exist where the Company has between 20% and 50% of the voting rights, but can also arise when the Company has power to be actively involved and influential in financial and operating policy decisions of the entity even though Company has less than 20% of voting rights. The Company accounts for its investments in associates using the equity method. Under the equity method, the Company’s investment in an associate is initially recognized at cost and subsequently increased or decreased to recognize the Company’s share of profit and loss of the associate and for impairment losses after the initial recognition date. The Company’s share of an associate’s loss that are in excess of its investment are recognized only to the extent that the Company has incurred legal or constructive obligations or made payments on behalf of the associate. The Company’s share of comprehensive income or losses attributable to shareholders of associates are recognized in comprehensive income during the period. The carrying amount of the Company’s investments in associates also include any long-term debt interests which in substance form part of the Company’s net investment. Distributions received from an associate are accounted for as a reduction in the carrying amount of the Company’s investment. At the end of each reporting period, the Company assesses whether there is any objective evidence that an investment in an associate is impaired. Objective evidence includes observable data indicating there is a measurable decrease in the estimated future cash flows of the associate’s operations. When there is objective evidence that an investment in an associate is impaired, the carrying amount is compared to its recoverable amount, being the higher of its fair value less cost to sell and value in use. An impairment loss is recognized if the recoverable amount is less than its carrying amount. When an impairment loss reverses in a subsequent period, the carrying amount of the investment is increased to the revised estimate of recoverable amount to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined had an impairment loss not been previously recognized. Impairment losses and reversal of impairment losses, if any, are recognized in net income in the period in which the relevant circumstances are identified. Details of the Company’s associates are as follows: Proportion of ownership interest held Name of associate Principal activity Country of March 31, March 31, New Pacific Metals Corp. (“NUAG”) Mining Canada 28.2% 28.6% Whitehorse Gold Corp. (“WHG”) Mining Canada 29.3% 27.0% (d) Business Combinations or asset acquisition Optional concentration test The Company applies an optional concentration test, on a transaction-by-transaction basis, that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The concentration test is met if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. The gross assets under assessment exclude cash and cash equivalents, deferred tax assets, and goodwill resulting from the effects of deferred tax liabilities. If the concentration test is met, the set of activities and assets is determined not to be a business and no further assessment is needed. Asset acquisitions When the Company acquires a group of assets and liabilities that do not constitute a business, the Company identifies and recognizes the individual identifiable assets acquired and liabilities assumed by allocating the purchase price first to financial assets/financial liabilities at the respective fair values, the remaining balance of the purchase price is then allocated to the other identifiable assets and liabilities on the basis of their relative fair values at the date of purchase. Such a transaction does not give rise to goodwill or bargain purchase gain. Business Combinations Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at acquisition date fair value and the amount of any non-controlling interest in the acquiree. For each business combination, the Company elects whether it measures the non-controlling interest in the acquiree either at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition costs incurred are expensed and included in general and administrative expenses. When the Company acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. If the business combination is achieved in stages, the acquisition date fair value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date through profit or loss. (e) Foreign Currency Translation The functional currency for each subsidiary of the Company is the currency of the primary economic environment in which the entity operates. Other than New Infini and its subsidiaries, the functional currency of the head office, Canadian subsidiaries and all intermediate holding companies is the Canadian dollar (“CAD”). The functional currency of all Chinese subsidiaries is the Chinese Renminbi (“RMB”). The functional currency of New Infini and its subsidiaries is USD. Foreign currency monetary assets and liabilities are translated into the functional currency using exchange rates prevailing at the reporting date. Foreign currency non-monetary assets are translated using exchange rates prevailing at the transaction date. Foreign exchange gains and losses are included in the determination of net income. The consolidated financial statements are presented in U.S. dollars (“USD”). The financial position and results of the Company’s entities are translated from functional currencies to USD as follows: - assets and liabilities are translated using exchange rates prevailing at the reporting date; - income and expenses are translated using average exchange rates prevailing during the period; and - all resulting exchange gains and losses are included in other comprehensive income. The Company treats inter-company loan balances, which are not intended to be repaid in the foreseeable future, as part of its net investment. When a foreign entity is sold, the historical exchange differences plus the foreign exchange impact that arises on the transaction are recognized in the statement of income as part of the gain or loss on sale. (f) Revenue Recognition Revenue from contracts with customers is recognized when control of the asset sold is transferred to customers and the Company satisfies its performance obligation. Revenue is allocated to each performance obligation. The Company considers the terms of the contract in determining the transfer price. The transaction price is based upon the amount the Company expects to receive in exchange for the transferring of the assets. In determining whether the Company has satisfied a performance obligation, it considers the indicators of the transfer of control, which include, but are not limited to, whether: the Company has a present right to payment; the customer has legal title to the asset; the Company has transferred physical possession of the asset to the customer; and the customer has the significant risks and rewards of ownership of the asset. This generally occurs when the assets are loaded on the trucks arranged by the customer at the Company’s milling facilities. In cases where the Company is responsible for the costs of shipping and certain other services after the date on which the control of the assets transferred to the customer, these other services are considered separate performance obligations and thus a portion of revenue earned under the contract is allocated and recognized as these performance obligations are satisfied. Revenue from concentrate sales is typically recorded based on the Company’s assay results for the quantity and quality of concentrate sold and the applicable commodity prices, such as silver, gold, lead and zinc, set on a specific quotation period, typical ranging from ten to fifteen days around shipment date, by reference to active and freely traded commodity market. Adjustments, if any, related to the final assay results for the quantity and quality of concentrate sold are not significant and do not constrain the recognition of revenue. Smelter charges, including refining and treatment charges, are netted against revenue from metal concentrate sales. (g) Cash and Cash Equivalents Cash and cash equivalents include cash on hand and held at banks and short-term money market investments that are readily convertible to cash with original terms of three months or less and exclude any restricted cash that is not available for use by the Company. (h) Short-term Investments Short-term investments consist of certificates of deposit and money market instruments, including cashable guaranteed investment certificates, bearer deposit notes and other financial assets with original terms of over three months but less than one year. Bonds traded on open markets are also included in short-term investments. (i) Inventories Inventories include concentrate inventories, direct smelting ore, stockpile ore and operating materials and supplies. The classification of inventory is determined by the stage at which the ore is in the production process. Material that does not contain a minimum quantity of metal to cover estimated processing expenses to recover the contained metal is not classified as inventory and is assigned no value. Direct smelting ore and stockpiled ore are sampled for metal content and are valued at the lower of mining cost and net realizable value. Mining cost includes the cost of raw material, mining contractor cost, direct labour costs, depletion and depreciation, and applicable production overheads, based on normal operating capacity. Concentrate inventories are valued at the lower of cost and net realizable value. The cost of concentrate inventories includes the mining cost for stockpiled ore milled, freight charges for shipping stockpile ore from mine sites to mill sites and milling cost. Milling cost includes cost of materials and supplies, direct labour costs, and applicable production overheads cost, based on normal operating capacity. Material and supplies are valued at the lower of cost, determined on a weighted average cost basis, and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sales. (j) Plant and Equipment Plant and equipment are initially recorded at cost, including all directly attributable costs to bring the assets to the location and condition necessary for it to be capable of operating in the manner intended by management. Plant and equipment are subsequently measured at cost less accumulated depreciation and impairment losses. Depreciation is computed on a straight-line basis based on the nature and useful lives of the assets. The significant classes of plant and equipment and their estimated useful lives are as follows: Buildings 20 years Office equipment 5 years Machinery 5-10 years Motor vehicles 5 years Land use rights 50 years Leasehold improvements 5 years Subsequent costs that meet the asset recognition criteria are capitalized, while costs incurred that do not extend the economic useful life of an asset are considered repairs and maintenance, which are accounted for as an expense recognized during the period. Assets under construction are capitalized as construction-in-progress. The cost of construction-in-progress comprises of the asset’s purchase price and any costs directly attributable to bringing it into working condition for its intended use. Construction-in-progress assets are transferred to other respective asset classes and are depreciated when they are completed and available for use. Upon disposal or abandonment, the carrying amounts of plant and equipment are derecognized and any associated gain or loss is recognized in net income. (k) Mineral Rights and Properties Mineral rights and properties include the following capitalized payments and expenditures: - Acquisition costs which consist of payments for property rights and leases, including payments to acquire or renew an exploration or mining permit, and the estimated fair value of properties acquired as part of business combination or the acquisition of a group of assets. - Exploration and evaluation costs incurred on a specific property after an acquisition of a beneficial interest or option in the property. Exploration and evaluation expenditures on properties for which the Company does not have title or rights to are expensed when incurred. Exploration and evaluation activities involve the search for mineral resources, the determination of technical feasibility and the assessment of commercial viability of an identified resource. - Development costs incurred to construct a mine and bring it into commercial production. Proceeds from sales generate during this development and pre-production stage, if any, are deducted from the costs of the asset. - Expenditures incurred on producing properties that are expected to have future economic benefit, including to extend the life of the mine and to increase production by providing access to additional reserves, such as exploration tunneling that can increase or upgrade the mineral resources, and development tunneling, including to build shafts, drifts, ramps, and access corridors that enable to access ore underground. - Borrowing costs incurred that are directly attributed to the acquisition, construction and development of a qualifying mineral property. - Estimated of environmental rehabilitation and restoration costs. Before commencement of commercial production, mineral rights and properties are carried at costs, less any accumulated impairment charges. Upon commencement of commercial production, mineral rights and properties are carried at costs, less accumulated depletion and any accumulated impairment charges. Mineral rights and properties, other than the payments to renew mining permits (the “mine right fee”) are depleted over the mine’s estimated life using the units of production method calculated based on proven and probable reserves. Estimation of proven and probable reserves for each property is updated when relative information is available; the result will be prospectively applied to calculate depletion amounts for future periods. If commercial production commences prior to the determination of proven and probable reserves, depletion is calculated based on the mineable portion of measured and indicated resources. The mine right fee is depleted using the units of production method based on the mineral resources which were used to determine the mine right fee payable. (l) Impairment and Impairment Reversal At each reporting period, the Company reviews and evaluates its assets for impairment, or reversal of a previously recognized impairment, when events or changes in circumstances indicate that the related carrying amounts may not be recoverable or when there is an indication that impairment may have reversed. When impairment indicators exist, an estimate of the recoverable amount is undertaken, being the higher of an asset’s fair value less cost of disposal (“FVLCTD”) and value in use (“VIU”). If the carrying value exceeds the recoverable amount, an impairment loss is recognized in the consolidated statement of income during the period. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre- tax discount rate that reflects current market assessment of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. The cash flows are based on best estimates of expected future cash flows from the continued use of the asset and its eventual disposal. FVLCTD is best evidence if obtained from an active market or binding sale agreement. Where neither exists, the fair value is based the best estimates available to reflect the amount that could be received from an arm’s length transaction. Fair value of asset is generally determined as the present value of the estimated future cash flows expected to arise from the continued use of the asset, including any expansion prospects. Impairment is normally assessed at the level of cash-generating units (“CGU”), a CGU is identified as the smallest identifiable group of assets that generates cash inflows which are independent of the cash inflows generated from other assets. When there is an indication that an impairment loss recognized previously may no longer exist or has decreased, the recoverable amount is calculated. If the recoverable amount exceeds the carrying amount, the carrying value of the asset is increased to the recoverable amount. The increased carrying amount cannot exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior years. A reversal of an impairment loss is recognized as a gain in the consolidated statements of income in the period it is determined. (m) Environmental Rehabilitation Provision The mining, extraction and processing activities of the Company normally give rise to obligations for site closure or rehabilitation. Closure and decommissioning works can include facility decommissioning and dismantling; removal or treatment of waste materials; site and land rehabilitation. The extent of work required and the associated costs are dependent on the requirements of relevant authorities and the Company’s environmental policies. Provisions for the cost of each closure and rehabilitation program are recognized at the time when environmental disturbance occurs. When the extent of disturbance increases over the life of an operation, the provision is increased accordingly. Costs included in the provision encompass all closure and decommissioning activity expected to occur progressively over the life of the operation and at the time of closure in connection with disturbances at the reporting date. Routine operating costs that may impact the ultimate closure and decommissioning activities, such as waste material handling conducted as an integral part of a mining or production process, are not included in the provision. Costs arising from unforeseen circumstances, such as the contamination caused by unplanned discharges, are recognized as an expense and liability when the event gives rise to an obligation which is probable and capable of reliable estimation. The timing of the actual closure and decommissioning expenditure is dependent upon a number of factors such as the life and nature of the asset, the operating license conditions, and the environment in which the mine operates. Expenditure may occur before and after closure and can continue for an extended period of time dependent on closure and decommissioning requirements. Closure and decommissioning provisions are measured at the expected amount of future cash flows, discounted to their present value for each operation. Discount rates used are specific to the underlying obligation. Significant judgments and estimates are involved in forming expectations of future activities and the amount and timing of the associated cash flows. Those expectations are formed based on existing environmental and regulatory requirements which give rise to a constructive or legal obligation. When provisions for closure and decommissioning are initially recognized, the corresponding cost is capitalized as an asset, representing part of the cost of acquiring the future economic benefits of the operation. The capitalized cost of closure and decommissioning activities is recognized in Mineral Rights and Properties and depleted accordingly. The value of the provision is progressively increased over time as the effect of discounting unwinds, creating an expense recognized in finance costs. Closure and decommissioning provisions are also adjusted for changes in estimates. Those adjustments are accounted for as a change in the corresponding capitalized cost, except where a reduction in the provision is greater than the undepreciated capitalized cost of the related assets, in which case the capitalized cost is reduced to nil and the remaining adjustment is recognized in the income statement. In the case of closed sites, changes to estimated costs are recognized immediately in the consolidated statements of income. Changes to the capitalized cost result in an adjustment to future depreciation and finance charges. Adjustments to the estimated amount and timing of future closure and decommissioning cash flows are a normal occurrence in light of the significant judgments and estimates involved. The provision is reviewed at the end of each reporting period for changes to obligations, legislation or discount rates that impact estimated costs or lives of operations and adjusted to reflect current best estimate. The cost of the related asset is adjusted for changes in the provision resulting from changes in the estimated cash flows or discount rate and the adjusted cost of the asset is depreciated prospectively. (n) Leases Lease Definition At inception of a contract, the Company assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. An identified asset may be implicitly or explicitly specified in a contract, but must be physically distinct, and must not have the ability for substitution by a lessor. A lessee has the right to control an identified asset if it obtains substantially all of its economic benefits and either pre-determines or directs how and for what purposes the asset is used. Measurement of Right of Use (“ROU”) Assets and Lease Obligations At the commencement of a lease, the Company, if acting in capacity as a lessee, recognizes an ROU asset and a lease obligation. The ROU asset is initially measured at cost, which comprises the initial amount of the lease obligation adjusted for any lease payments made at, or before, the commencement date, plus any initial direct costs incurred, less any lease incentives received. The ROU asset is subsequently amortized on a straight-line basis over the shorter of the term of the lease, or the useful life of the asset determined on the same basis as the Company’s plant and equipment. The ROU asset is periodically adjusted for certain remeasurements of the lease obligation, and reduced by impairment losses, if any. If an ROU asset is subsequently leased to a third party (a “sublease”) and the sublease is classified as a finance lease, the carrying value of the ROU asset to the extent of the sublease is derecognized. Any difference between the ROU asset and the lease receivable arising from the sublease is recognized in profit or loss. The lease obligation is initially measured at the present value of the lease payments remaining at the lease commencement date, discounted using the interest rate implicit in the lease or the Company’s incremental borrowing rate if the rate implicit in the lease cannot be determined. Lease payments included in the measurement of the lease obligation, when applicable, may comprise of fixed payments, variable payments that depend on an index or rate, amounts expected to be payable under a residual value guarantee and the exercise price under a purchase, extension or termination option that the Company is reasonably certain to exercise. The lease obligation is subsequently measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease obligation is remeasured, a corresponding adjustment is made to the carrying amount of the ROU asset. Measurement of Lease Receivable At the commencement of a lease, the Company, if acting in capacity as a lessor, will classify the lease as finance lease and recognize a lease receivable at an amount equal to the net investment in the lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset or if the lease is a sublease, by reference to the ROU asset arising from the original lease (the “head lease”). A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership of an underlying asset or the lease is a short-term lease. Cash received from an operating lease is included in other income in the Company’s consolidated statement of income on a straight-line basis over the period the lease. The lease receivable is initially measure at the present value of the lease payments remaining at the lease commencement date, discounted at the interest rate implicit in the lease or the Company’s incremental borrowing rate if the sublease is a finance lease. The lease receivable is subsequently measured at amortized cost using the effective interest rate method, and reduced by the amount received and impairment losses, if any. Recognition Exemptions The Company has elected not to recognize the ROU asset and lease obligations for short-term leases that have a lease term of 12 months or less or for leases of low-value assets. Payments associated with these leases are recognized as general and administrative expense on a straight-line basis over the lease term on the consolidated statement of income. (o) Borrowing Costs Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset, which necessarily takes a substantial period of time to get ready for its intended use or sale, are capitalized as part of the cost of that asset. All other borrowing costs are expensed in the period in which they are incurred. No borrowing costs were capitalized in the periods presented. (p) Share-based Payments The Company makes share-based awards, including restricted share units (“RSUs”), performance share units (“PSUs”), and stock options, to employees, officers, directors, and consultants. For equity-settled awards, the fair value is charged to the consolidated statements of income and credited to equity, on a straight-line basis over the vesting period, after adjusting for the estimated number of awards that are expected to vest. The fair value of RSUs and PSUs is determined based on quoted market price of our common shares at the date of grant. The fair value of the stock options granted to employees, officers, and directors is determined at the date of grant using the Black-Scholes option pricing model with market related input. The fair value of stock options granted to consultants is measured at the fair value of the services delivered unless that fair value cannot be estimated reliably, which then is determined using the Black-Scholes option pricing model. Stock options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. At each reporting date prior to vesting, the cumulative expense representing the extent to which the vesting period has expired and management’s best estimate of the awards that are ultimately expected to vest is computed (after adjusting for non-market performance conditions). The movement in cumulative expense is recognized in the consolidated statements of income with a corresponding entry within equity. No expense is recognized for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vested irrespective of whether or not the market condition is satisfied, provided that all other performance conditions are satisfied. (q) Income Taxes Current tax for each taxable entity is based on the local taxable income at the local statutory tax rate enacted or substantively enacted at the reporting date and includes adj

ACQUISITION

ACQUISITION	12 Months Ended
	Mar. 31, 2022
Disclosure of business combinations [text block] [Abstract]
ACQUISITION	3. ACQUISITION Acquisition in Fiscal 2022 In October 2021, the Company, through a 100% owned subsidiary of Henan Found, won an online open auction to acquire a 100% interest in the Kuanping silver-lead-zinc-gold project (the “Kuanping Project”). The transaction was successfully completed in November 2021 for a total consideration of $13.1 million, comprised of approximately $11.4 million in cash (RMB ¥73.5 million) plus the assumption of approximately $2.0 million (RMB ¥13.3 million) of debt, and net of $0.3 million cash received. The acquisition was through the acquisition of a 100% interest in the shares of Shanxian Xinbaoyuan Mining Co. Ltd. (“Xinbaoyuan”), an affiliate of a Henan Provincial government-controlled company located in Sanmenxia City, Henan Province. The material asset held by Xinbaoyuan is the Kuanping Project. As Henan Found’s subsidiary is considered a domestic Chinese company, the acquisition was not subject to the national security clearance. The Kuanping Project is located in Shanzhou District, Sanmenxia City, Henan Province, China, approximately 33 km north of the Ying Mining District. The Kuanping Project covers an area of 12.39 km², being approximately 3 km wide (east-west) and 5 km long (north-south). The exploration rights of the Kuanping Project are currently in a reservation period for mining permit application, and the Company is in the process of applying for the mining permit. The transaction was accounted for as an acquisition of assets as the purchase price was concentrated on a single asset. The purchase price was allocated to the assets acquired and liabilities assumed on a relative fair value basis with $13.1 million allocated to mineral property interest. Acquisition in Fiscal 2021 On December 17, 2020 the Company and its subsidiary New Infini entered into a framework agreement (the “Agreement”) with several arm’s length vendors (the “Vendors”), whereby New Infini agreed to acquire 100% interest in the La Yesca Silver Project (“La Yesca”) through the indirect purchase of all of the issued and outstanding shares of Infini Resources, S.A. de C.V., a Mexican company which owns La Yesca. La Yesca is a silver-polymetallic, epithermal-type project located approximately 100 kilometres (“km”) (185 km by road) northwest of Guadalajara, the second-largest city in Mexico. The concessions comprising La Yesca cover an area of approximately 47.7 km 2 The purchase consideration and payment terms for the acquisition of La Yesca are summarized as follows: ● Upon closing of the Agreement, a $8.3 million cash payment (the “Initial Cash Payment”) and the transfer of a 45% interest in the issued and outstanding shares of New Infini (the “New Infini Shares”) to the Vendors; ● Within 90 days of closing of the Agreement, a cash payment of $1 million, less any liabilities contemplated under the Agreement (together with the Initial Cash Payment, the “Cash Consideration”); and ● A “Discovery payment” of up to $30 million calculated on the basis of $0.20 per ounce of Ag resources as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects paid by New Infini to the Vendors subject to certain permitting considerations. The Company paid $7.6 million of the Cash Consideration through a capital injection to New Infini to hold 45% of the issued and outstanding New Infini Shares. A group of the Company’s directors, officers, employees and consultants paid $1.7 million of the Cash Consideration collectively to hold 10% of the issued and outstanding New Infini Shares. The transaction has been accounted for as an acquisition of assets as the purchase price was concentrated on a single asset, the La Yesca mineral property interest. The purchase consideration was allocated to the assets acquired based on their relative fair values at the date of the acquisition, net of any associated liabilities.

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	12 Months Ended
	Mar. 31, 2022
Disclosure of Short Term Investments Explanatory [Abstract]
SHORT-TERM INVESTMENTS	4. SHORT-TERM INVESTMENTS As at March 31, 2022, short-term investments consist of the following: Amount Interest rates Maturity Bonds $ 9,168 5.50% - 13.00% April 9, 2022 - January 16, 2025 Money market instruments 90,455 $ 99,623 During the year ended March 31, 2022, the Company recorded impairment charges of $10.6 million against the bond investment issued by a few Chinese real estate developing companies as the Company observed financial difficulty of these bond issuers. The carrying value of such bond investments was $1.8 million as at March 31, 2022. The impairment charge was included in finance costs on the consolidated statement of income (Note 17). During the year ended March 31, 2021, the Company recorded impairment charges of $1.4 million against the bond investment issued by a few Chinese manufacturing companies as the Company observed financial difficulty of these bond issuers. The carrying value of such bond investments was $0.1 million as at March 31, 2021. The impairment charge was included in finance costs on the consolidated statement of income (Note 17). As at March 31, 2021, short-term investments consist of the following: Amount Interest rates Maturity Bonds $ 15,812 5.38% - 13.00% January 10, 2022 - September 3, 2024 Money market instruments 64,545 $ 80,357

INVENTORIES

INVENTORIES	12 Months Ended
	Mar. 31, 2022
Inventories Disclosure [Abstract]
INVENTORIES	5. INVENTORIES Inventories consist of the following: March 31, 2022 March 31, 2021 Concentrate inventory $ 3,199 $ 4,536 Stockpile 1,715 1,916 Material and supplies 4,210 3,316 $ 9,124 $ 9,768 The amount of inventories recognized as expense during the year ended March 31, 2022 was $113.6 million (year ended March 31, 2021 - $91.0 million).

OTHER INVESTMENTS

OTHER INVESTMENTS	12 Months Ended
	Mar. 31, 2022
Disclosure of other investments [Abstract]
OTHER INVESTMENTS	6. OTHER INVESTMENTS March 31, 2022 March 31, 2021 Equity investments designated as FVTOCI Public companies $ 2,383 $ 2,966 Private companies 71 2,289 2,454 5,255 Equity investments designated as FVTPL Public companies 11,533 10,478 Private companies 3,781 - 15,314 10,478 Total $ 17,768 $ 15,733 Investments in publicly traded companies represent equity interests of other publicly-trading mining companies that the Company has acquired through the open market or through private placements. Investment in equity instruments that are held for trading are classified as FVTPL. For other investment in equity instruments, the Company can make an irrevocable election, on an instrument-by-instrument basis, to designate them as FVTOCI. The continuity of such investments is as follows: Fair Value Accumulated fair Accumulated fair Equity Investment Equity Investment April 1, 2020 $ 8,750 $ (34,879 ) $ - $ 8,750 $ - Gain on equity investments designated as FVTOCI 12,069 12,069 - 12,551 - Gain on equity investments designated as FVTPL 7,188 - 7,188 - 7,732 Acquisition 12,708 - - - 12,708 Disposal (19,301 ) - - (16,607 ) (10,742 ) Reclassified to short-term investments (7,511 ) - - Impact of foreign currency translation 1,830 - - 561 780 March 31, 2021 $ 15,733 $ (22,810 ) $ 7,188 $ 5,255 $ 10,478 Loss on equity investments designated as FVTOCI (1,526 ) (1,526 ) - (1,526 ) - Loss equity investments designated as FVTPL (3,485 ) - (3,485 ) - (3,485 ) Acquisition 8,235 - - - 8,235 Disposal (1,362 ) - - (1,362 ) - Impact of foreign currency translation 173 - - 87 86 March 31, 2022 $ 17,768 $ (24,336 ) $ 3,703 $ 2,454 $ 15,314

INVESTMENT IN ASSOCIATES

INVESTMENT IN ASSOCIATES	12 Months Ended
	Mar. 31, 2022
Disclosure of associates [abstract]
INVESTMENT IN ASSOCIATES	7. INVESTMENT IN ASSOCIATES (a) New Pacific Metals Corp. (“NUAG”) is a Canadian public company listed on the Toronto Stock Exchange (symbol: NUAG) and NYSE American (symbol: NEWP). NUAG is a related party of the Company by way of two common directors and two common officers, and the Company accounts for its investment in NUAG using the equity method as it is able to exercise significant influence over the financial and operating policies of NUAG. During the year ended March 31, 2022, the Company acquired 125,000 common shares of NUAG from the public market for a total cost of $0.4 million. Subsequent to March 31, 2022, the Company acquired additional 48,500 common shares of NUAG from the public market for a total cost of $0.2 million. In November 2020, NUAG completed a spin-out by way of a plan of arrangement of its then wholly-owned subsidiary, Whitehorse Gold Corp. (“WHG”), which owns 100% of the Skukum Gold Project (formerly “Tagish Lake Gold Project”) located in Yukon, Canada, and distributed all of the WHG common shares to its shareholders on a pro rata basis. As at March 31, 2022, the Company owned 44,042,216 common shares of NUAG (March 31, 2021 – 43,917,216), representing an ownership interest of 28.2% (March 31, 2021 – 28.6%). The summary of the investment in NUAG common shares and its market value as at the respective reporting dates are as follows: Number of Amount Value of NUAG’s Balance April 1, 2020 42,596,506 $ 44,555 $ 148,624 Participation in public offering 1,320,710 5,805 WHG Spin-out (1,793 ) Share of net loss (1,672 ) Share of other comprehensive loss (2,324 ) Foreign exchange impact 5,828 Balance March 31, 2021 43,917,216 $ 50,399 $ 181,257 Purchase from open market 125,000 352 Share of net loss (1,715 ) Share of other comprehensive income 95 Foreign exchange impact 306 Balance March 31, 2022 44,042,216 $ 49,437 $ 140,275 Summarized financial information for the Company’s investment in NUAG on a 100% basis is as follows: Years ended March 31, 2022 (1) 2021 (1) Net loss attributable to NUAG’s shareholders as reported by NUAG $ (6,055 ) $ 3,029 Adjustments to remove impairment charges recognized by NUAG - (8,862 ) Net loss of NUAG qualified for pick-up (6,055 ) (5,833 ) Other comprehensive income (loss) attributable to NUAG’s shareholders as reported by NUAG 334 (8,079 ) Comprehensive income (loss) of NUAG qualified for pick-up $ (5,721 ) $ (13,912 ) Company’s share of net loss (1,715 ) (1,672 ) Company’s share of other comprehensive income (loss) 95 (2,324 ) Company’s share of comprehensive income $ (1,620 ) $ (3,996 ) (1) As at March 31, 2022 March 31, 2021 Current assets $ 37,075 $ 48,511 Non-current assets 88,171 78,164 Total assets $ 125,246 $ 126,675 Current liabilities 2,353 811 Total liabilities 2,353 811 Net assets $ 122,893 $ 125,864 Non-controlling interests (24 ) (50 ) Total equity attributable to equity holders of NUAG $ 122,917 $ 125,914 Company’s share of net assets of associate $ 34,670 $ 35,932 (b) Whitehorse Gold Corp. (“WHG”) is a Canadian public company listed on the TSX Venture Exchange (symbol: WHG). WHG is a related party of the Company by way of one common director, and the Company accounts for its investment in WHG using the equity method as it is able to exercise significant influence over the financial and operating policies of WHG. On May 14, 2021, the Company participated in a brokered private placement of WHG and purchased 4,000,000 units at a cost of $5.0 million. Each unit was comprised of one WHG common share and one common share purchase warrant at exercise price of CAD$2 per share. The common share purchase warrant expires on May 14, 2026. As at March 31, 2022, the Company owned 15,514,285 common shares of WHG (March 31, 2021 – 11,514,285), representing an ownership interest of 29.3% (March 31, 2021 – 27.0%). The summary of the investment in WHG common shares and its market value as at the respective reporting dates are as follows: Number of Amount Value of WHG’s Balance April 1, 2020 Distributed by NUAG through WHG spin-out 5,740,285 1,793 Participation in private placement 5,774,000 1,326 Share of net loss (174 ) Foreign exchange impact 113 Balance March 31, 2021 11,514,285 $ 3,058 $ 15,108 Participation in private placement 4,000,000 4,960 Share of net loss (473 ) Foreign exchange impact (141 ) Balance March 31, 2022 15,514,285 $ 7,404 $ 6,208 Summarized financial information for the Company’s investment in WHG on a 100% basis is as follows: Year ended March 31, 2022 (1) 2021 (1) Net loss attributable to WHG’s shareholders as reported by WHG $ (1,607 ) $ (856 ) Adjustments to exclude WHG’s net loss before spin-out - 211 Net loss of WHG qualified for pick-up $ (1,607 ) $ (645 ) Company’s share of net loss $ (473 ) $ (174 ) (1) As at March 31, 2022 March 31, 2021 Current assets $ 3,068 $ 823 Non-current assets 19,159 10,862 Total assets $ 22,227 $ 11,685 Current liabilities 575 237 Long-term liabilities 5 - Total liabilities 580 237 Net assets $ 21,647 $ 11,448 Company’s share of net assets of associate $ 6,341 $ 3,090

PLANT AND EQUIPMENT

PLANT AND EQUIPMENT	12 Months Ended
	Mar. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
PLANT AND EQUIPMENT	8. PLANT AND EQUIPMENT Plant and equipment consist of: Land use rights Office Motor Construction Cost and building equipment Machinery vehicles in progress Total Balance as at April 1, 2020 $ 96,454 $ 8,010 $ 25,800 $ 6,416 $ 2,136 $ 138,816 Additions 182 864 1,117 1,059 7,189 10,411 Disposals (205 ) (250 ) (291 ) (480 ) - (1,226 ) Reclassification of asset groups 5,579 325 2,221 - (8,125 ) - Impact of foreign currency translation 8,141 711 2,227 542 142 11,763 Balance as at March 31, 2021 $ 110,151 $ 9,660 $ 31,074 $ 7,537 $ 1,342 $ 159,764 Additions 1,613 967 2,575 763 3,647 9,565 Disposals (293 ) (68 ) (539 ) (245 ) - (1,145 ) Reclassification of asset groups 2,100 154 191 - (2,445 ) - Impact of foreign currency translation 3,676 296 1,078 258 59 5,367 Ending balance as at March 31, 2022 $ 117,247 $ 11,009 $ 34,379 $ 8,313 $ 2,603 $ 173,551 Impairment, accumulated depreciation and amortization Balance as at April 1, 2020 $ (43,987 ) $ (5,375 ) $ (18,168 ) $ (4,564 ) $ - $ (72,094 ) Disposals 90 228 176 388 - 882 Depreciation and amortization (3,921 ) (630 ) (1,629 ) (496 ) - (6,676 ) Impact of foreign currency translation (3,752 ) (469 ) (1,550 ) (376 ) - (6,147 ) Balance as at March 31, 2021 $ (51,570 ) $ (6,246 ) $ (21,171 ) $ (5,048 ) $ - $ (84,035 ) Disposals 158 64 419 220 - 861 Depreciation and amortization (4,422 ) (867 ) (2,172 ) (649 ) - (8,110 ) Impact of foreign currency translation (1,750 ) (183 ) (741 ) (175 ) - (2,849 ) Ending balance as at March 31, 2022 $ (57,584 ) $ (7,232 ) $ (23,665 ) $ (5,652 ) $ - $ (94,133 ) Carrying amounts Balance as at March 31, 2021 $ 58,581 $ 3,414 $ 9,903 $ 2,489 $ 1,342 $ 75,729 Ending balance as at March 31, 2022 $ 59,663 $ 3,777 $ 10,714 $ 2,661 $ 2,603 $ 79,418 Carrying amounts as at March 31, 2022 Ying Mining District BYP GC Other Total Land use rights and building $ 42,953 $ 2,965 $ 12,027 $ 1,718 $ 59,663 Office equipment 2,979 16 516 266 3,777 Machinery 8,225 155 2,276 58 10,714 Motor vehicles 2,127 20 323 191 2,661 Construction in progress 1,911 552 140 - 2,603 Total $ 58,195 $ 3,708 $ 15,282 $ 2,233 $ 79,418 Carrying amounts as at March 31, 2021 Ying Mining District BYP GC Other Total Land use rights and building $ 41,177 $ 3,047 $ 12,369 $ 1,988 $ 58,581 Office equipment 2,647 20 448 299 3,414 Machinery 7,114 213 2,576 - 9,903 Motor vehicles 1,917 20 359 193 2,489 Construction in progress 796 533 13 - 1,342 Total $ 53,651 $ 3,833 $ 15,765 $ 2,480 $ 75,729 During the year ended March 31, 2022, certain plant and equipment were disposed for proceeds of $0.07 million (year ended March 31, 2021 - $0.05 million) and resulting in loss of $0.2 million (year ended March 31, 2021 – $0.3 million).

MINERAL RIGHTS AND PROPERTIES

MINERAL RIGHTS AND PROPERTIES	12 Months Ended
	Mar. 31, 2022
Disclosure Of Mineral Rights And Properties Explanatory [Abstract]
MINERAL RIGHTS AND PROPERTIES	9. MINERAL RIGHTS AND PROPERTIES Mineral rights and properties consist of: Producing and development properties Exploration and evaluation properties Cost Ying Mining District BYP GC RZY Kuanping La Yesca Total Balance as at April 1, 2020 $ 293,136 $ 63,572 $ 103,311 $ 164 $ - $ - $ 460,183 Capitalized expenditures 31,138 30 3,890 - - 87 35,145 Acquisition (Note 3) - - - - - 16,660 16,660 Environmental rehabilitation (1,268 ) (135 ) (207 ) - - - (1,610 ) Foreign currency translation impact 24,994 1,142 8,616 21 - - 34,773 Balance as at March 31, 2021 $ 348,000 $ 64,609 $ 115,610 $ 185 $ - $ 16,747 $ 545,151 Capitalized expenditures 37,307 - 4,507 - 24 2,588 44,426 Acquisition (Note 3) - - - - 13,135 - 13,135 Environmental rehabilitation (68 ) (18 ) 898 - - 812 Derecognition - - - (185 ) - - (185 ) Foreign currency translation impact 12,096 501 3,891 - 221 - 16,709 Ending balance as at March 31, 2022 $ 397,335 $ 65,092 $ 124,906 $ - $ 13,380 $ 19,335 $ 620,048 Impairment and accumulated depletion Balance as at April 1, 2020 $ (100,390 ) $ (56,688 ) $ (78,355 ) $ (164 ) $ - $ - $ (235,597 ) Depletion (13,921 ) - (2,419 ) - - (16,340 ) Foreign currency translation impact (8,666 ) (576 ) (6,522 ) (21 ) - - (15,785 ) Balance as at March 31, 2021 $ (122,977 ) $ (57,264 ) $ (87,296 ) $ (185 ) $ - $ - $ (267,722 ) Depletion (15,974 ) - (2,595 ) - - - (18,569 ) Derecognition - - - 185 - - 185 Foreign currency translation impact (4,313 ) (257 ) (2,924 ) - - - (7,494 ) Ending balance as at March 31, 2022 $ (143,264 ) $ (57,521 ) $ (92,815 ) $ - $ - $ - $ (293,600 ) Carrying amounts Balance as at March 31, 2021 $ 225,023 $ 7,345 $ 28,314 $ - $ - $ 16,747 $ 277,429 Ending balance as at March 31, 2022 $ 254,071 $ 7,571 $ 32,091 $ - $ 13,380 $ 19,335 $ 326,448

LEASES

LEASES	12 Months Ended
	Mar. 31, 2022
Disclosure of leases [text block] [Abstract]
LEASES	10. LEASES The following table summarizes changes in the Company’s lease receivable and lease obligation related to the Company’s office lease and sublease. Lease Receivable Lease Obligation Balance, April 1, 2020 $ 534 $ 2,069 Interest accrual 24 95 Interest received or paid (24 ) (95 ) Principal repayment (196 ) (563 ) Foreign exchange impact 58 235 Balance, March 31, 2021 $ 396 $ 1,741 Addition - 149 Interest accrual 15 72 Interest received or paid (15 ) (72 ) Principal repayment (217 ) (637 ) Foreign exchange impact 3 10 Balance, March 31, 2022 $ 182 $ 1,263 Less: current portion (182 ) (649 ) Non-current portion $ - $ 614 The following table presents a reconciliation of the Company’s undiscounted cash flows to their present value for its lease receivable and lease obligation as at March 31, 2022: Lease Receivable Lease Obligation Within 1 year $ 186 $ 677 Between 2 to 5 years - 666 Total undiscounted amount 186 1,343 Less future interest (4 ) (80 ) Total discounted amount $ 182 $ 1,263 Less: current portion (182 ) (649 ) Non-current portion $ - $ 614 The lease receivable and lease obligation were discounted using an estimated incremental borrowing rate of 5%.

ENVIRONMENTAL REHABILITATION

ENVIRONMENTAL REHABILITATION	12 Months Ended
	Mar. 31, 2022
Disclosure of interest in funds [text block] [Abstract]
ENVIRONMENTAL REHABILITATION	11. ENVIRONMENTAL REHABILITATION The following table presents the reconciliation of the beginning and ending obligations associated with the retirement of the properties: Total Balance, April 1, 2020 $ 8,700 Reclamation expenditures (189 ) Unwinding of discount of environmental rehabilitation 251 Revision of provision (1,610 ) Foreign exchange impact 711 Balance, March 31, 2021 $ 7,863 Reclamation expenditures (467 ) Unwinding of discount of environmental rehabilitation 269 Revision of provision 812 Foreign exchange impact 262 Balance, March 31, 2022 $ 8,739 As at March 31, 2022, the total undiscounted amount of estimated cash flows required to settle the Company’s environmental rehabilitation provision was $12.3 million (March 31, 2021 - $10.5 million) over the next twenty-five years, which has been discounted using an average discount rate of 3.01% (March 31, 2021 – 3.39%). During the year ended March 31, 2022, the Company incurred actual reclamation expenditures of $0.5 million (year ended March 31, 2021 - $0.2 million), paid reclamation deposit of $0.3 million (year ended March 31, 2021 - $0.5 million) and received nil reclamation deposit refund (year ended March 31, 2021 - $1.9 million). Estimated future reclamation costs are based on the extent of work required and the associated costs are dependent on the requirements of relevant authorities and the Company’s environmental policies. In view of uncertainties concerning environmental rehabilitation obligations, the ultimate costs could be materially different from the amounts estimated.

SHARE CAPITAL

SHARE CAPITAL	12 Months Ended
	Mar. 31, 2022
Disclosure of classes of share capital [text block] [Abstract]
SHARE CAPITAL	12. SHARE CAPITAL (a) Authorized Unlimited number of common shares without par value. All shares issued as at March 31, 2022 were fully paid. (b) Share-based compensation The Company has a share-based compensation plan (the “Plan”) which consists of stock options, restricted share units (the “RSUs”) and performance share units (the “PSUs”). The Plan allows for the maximum number of common shares to be reserved for issuance on any share-based compensation to be a rolling 10% of the issued and outstanding common shares from time to time. Furthermore, no more than 3% of the reserve may be granted in the form of RSUs and PSUs. For the year ended March 31, 2022, a total of $6.1 million (year ended March 31, 2021 - $4.3 million) in share-based compensation expense was recognized and included in the general and administrative expenses and property evaluation and business development expenses on the consolidated statements of income. (i) Stock options The following is a summary of option transactions: Number of shares Weighted average Balance, April 1, 2020 2,423,760 $ 3.00 Option granted 1,127,000 7.25 Options exercised (1,553,338 ) 3.02 Options cancelled (135,004 ) 4.52 Balance, March 31, 2021 1,862,418 $ 5.45 Options exercised (797,083 ) 2.98 Options cancelled (70,000 ) 7.46 Balance, March 31, 2022 995,335 $ 7.28 The following table summarizes information about stock options outstanding as at March 31, 2022: Exercise price in Number of options Weighted average Weighted Number of options Weighted average CAD$ March 31,2022 (Years) price in CAD$ March 31, 2022 CAD$ $5.46 540,335 3.15 $5.46 264,335 $5.46 $9.45 455,000 3.62 $9.45 151,665 $9.45 $5.46 to $9.45 995,335 3.37 $7.28 416,000 $6.91 Subsequent to March 31, 2022, a total of 535,000 options with a life of five years were granted to directors, officers, and employees at an exercise price of CAD$3.93 per share subject to a vesting schedule over a three-year term with 1/6 of the options vesting every six months after the date of grant until fully vested. (ii) RSUs The following is a summary of RSUs transactions: Number of shares Weighted average Balance, April 1, 2020 677,374 $ 4.94 Granted 1,021,500 6.68 Cancelled (77,166 ) 5.82 Distributed (372,372 ) 5.05 Balance, March 31, 2021 1,249,336 $ 6.28 Granted 1,000,000 6.40 Cancelled (46,999 ) 6.63 Distributed (566,172 ) 5.90 Balance, March 31, 2022 1,636,165 $ 6.47 During the year ended March 31, 2022, a total of 1,000,000 RSUs were granted to directors, officers, and employees of the Company at grant date closing price of CAD$6.40 per share subject to a vesting schedule over a three-year term with 1/6 of the RSUs vesting every six months from the date of grant. Subsequent to March 31, 2022, a total of 961,000 RSUs were granted to directors, officers, and employees of the Company at grant date closing price of CAD$3.93 per share subject to a vesting schedule over a three- year term with 1/6 of the RSUs vesting every six months from the date of grant. Subsequent to March 31, 2022, a total of 137,876 RSUs were distributed, and a total of 1,667 RSUs were cancelled. (c) Cash dividends declared During the year ended March 31, 2022, dividends of $4.4 million (year ended March 31, 2021 - $4.4 million) were declared and paid. (d) Normal course issuer bid On August 25, 2021, the Company announced a normal course issuer bid (“NCIB”) which allows it to acquire up to 7,054,000 of its own common shares until August 26, 2022. The Company did not acquire any its own common shares during the year ended March 31, 2022 Subsequent to March 31, 2022, the Company acquired a total of 100,000 common shares at a cost of $0.3 million under the NCIB program. (e) Earnings per share (basic and diluted) For the years ended March 31, 2022 2021 Income Shares Per-Share Income Shares Per-Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income attributable to equity holders of the Company $ 30,634 $ 46,376 Basic earnings per share 30,634 176,534,501 $ 0.17 46,376 174,868,256 $ 0.27 Effect of dilutive securities: Stock options and RSUs 1,789,467 2,205,748 Diluted earnings per share $ 30,634 178,323,968 $ 0.17 $ 46,376 177,074,004 $ 0.26 Anti-dilutive options that are not included in the diluted EPS calculation were 995,335 for the year ended March 31, 2022 (year ended March 31, 2021 – 490,000).

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Mar. 31, 2022
Disclosure of analysis of other comprehensive income by item [text block] [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	13. ACCUMULATED OTHER COMPREHENSIVE LOSS March 31, 2022 March 31, 2021 Change in fair value on equity investments designated as FVTOCI $ 23,043 $ 22,328 Share of other comprehensive loss in associate 494 589 Currency translation adjustment (21,584 ) (10,367 ) Balance, end of the year $ 1,953 $ 12,550 The change in fair value on equity investments designated as FVTOCI, share of other comprehensive income in associates, and currency translation adjustment are net of tax of $ nil

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS	12 Months Ended
	Mar. 31, 2022
Disclosure of non-controlling interests [Abstract]
NON-CONTROLLING INTERESTS	14. NON-CONTROLLING INTERESTS The continuity of non-controlling interests is summarized as follows: Henan Henan Yunxiang Guangdong New Infini Total Balance, April 1, 2020 $ 63,331 $ 4,702 $ 2,723 $ (466 ) $ - $ 70,290 Share of net income (loss) 13,210 639 219 88 (23 ) 14,133 Share of other comprehensive income 4,623 480 90 27 - 5,220 Acquisition of La Yesca - - - - 9,250 9,250 Contributions - - - - 2,500 2,500 Distributions (2,600 ) (639 ) - - - (3,239 ) Balance, March 31, 2021 $ 78,564 $ 5,182 $ 3,032 $ (351 ) $ 11,727 $ 98,154 Share of net income (loss) 12,639 182 (185 ) 154 (140 ) 12,650 Share of other comprehensive income 1,732 194 68 16 - 2,010 Distributions (3,266 ) (630 ) - - (1,200 ) (5,096 ) Balance, March 31, 2022 $ 89,669 $ 4,928 $ 2,915 $ (181 ) $ 10,387 $ 107,718 As at March 31, 2022, non-controlling interests in Henan Found, Henan Huawei, Yunxiang, Guangdong Found and New Infini were 22.5%, 20%, 30%, 1%, and 53.9%, respectively (March 31, 2021 – 22.5%, 20%, 30%, 1%, and 56.3%, respectively). Henan Non-ferrous Geology Minerals Ltd. (“Henan Non-ferrous”) is the 17.5% equity interest holder of Henan Found. During the year ended March 31, 2022, Henan Found declared and paid dividends of $2.5 million (year ended March 31, 2021 – declared and paid dividends of $2.0 million) to Henan Non-ferrous. Henan Xinxiangrong Mining Ltd. (“Henan Xinxiangrong”) is the 5% equity interest holder of Henan Found. During the year ended March 31, 2022, Henan Found declared and paid dividends of $0.8 million (year ended March 31, 2021 – declared and paid dividends of $0.6 million) to Henan Xinxiangrong. Henan Xinhui Mining Co., Ltd. (“Henan Xinhui”) is a 20% equity interest holder of Henan Huawei. For the year ended March 31, 2022, Henan Huawei declared and paid dividends of $0.6 million (year ended March 31, 2021 – $0.6 million) to Henan Xinhui. For the year ended March 31, 2022, New Infini refunded capital contribution of $1.2 million to its non- controlling shareholders.

GOVERNMENT FEES AND OTHER TAXES

GOVERNMENT FEES AND OTHER TAXES	12 Months Ended
	Mar. 31, 2022
Disclosure Of Government Fees And Other Taxes Explanatory [Abstract]
GOVERNMENT FEES AND OTHER TAXES	15. GOVERNMENT FEES AND OTHER TAXES Government fees and other taxes consist of: Year ended March 31, 2022 2021 Government fees $ 69 $ 63 Other taxes 2,574 2,311 $ 2,643 $ 2,374 Government fees include environmental protection fees paid to the state and local Chinese government. Other taxes were composed of surtax on value-added tax, land usage levy, stamp duty and other miscellaneous levies, duties and taxes imposed by the state and local Chinese government.

GENERAL AND ADMINISTRATIVE

GENERAL AND ADMINISTRATIVE	12 Months Ended
	Mar. 31, 2022
Disclosure of general and administrative expense [text block] [Abstract]
GENERAL AND ADMINISTRATIVE	16. GENERAL AND ADMINISTRATIVE General and administrative expenses consist of: Year ended March 31, 2022 Year ended March 31, 2021 Corporate Mines Total Corporate Mines Total Amortization and depreciation $ 593 $ 1,354 $ 1,947 $ 533 $ 1,255 $ 1,788 Office and administrative expenses 1,598 3,149 4,747 1,946 2,897 4,843 Professional fees 771 428 1,199 783 442 1,225 Salaries and benefits 5,392 6,477 11,869 4,947 4,993 9,940 Share-based compensation 5,827 - 5,827 4,156 - 4,156 $ 14,181 $ 11,408 $ 25,589 $ 12,365 $ 9,587 $ 21,952

FINANCE ITEMS

FINANCE ITEMS	12 Months Ended
	Mar. 31, 2022
Disclosure of finance income (cost) [text block] [Abstract]
FINANCE ITEMS	17. FINANCE ITEMS Finance items consist of: Year ended March 31, Finance income 2022 2021 Interest income $ 5,019 $ 3,767 Dividend income 198 - $ 5,217 $ 3,767 Year ended March 31, Finance costs 2022 2021 Interest on lease obligation $ 72 $ 95 Impairment charges for expected credit loss against bond investments (Note 4) 10,560 1,376 (Gain) loss on disposal of bonds (191 ) 266 Unwinding of discount of environmental rehabilitation provision 269 251 $ 10,710 $ 1,988

INCOME TAX

INCOME TAX	12 Months Ended
	Mar. 31, 2022
Disclosure of income tax [text block] [Abstract]
INCOME TAX	18. INCOME TAX (a) Income tax expense The significant components of income tax expense recognized in the statements of income are as follows: Year ended March 31, Income tax expense 2022 2021 Current $ 8,760 $ 10,942 Deferred 5,028 2,052 $ 13,788 $ 12,994 The reconciliation of the Canadian statutory income tax rates to the effective tax rate is as follows: Years ended March, 31 2022 2021 Canadian statutory tax rate 27.00 % 27.00 % Income before income taxes $ 57,072 $ 73,503 Income tax expense computed at Canadian statutory rates 15,409 19,846 Foreign tax rates different from statutory rate (3,398 ) (7,172 ) Permanent items 635 2,567 Withholding taxes 1,428 1,191 Change in unrecognized deferred tax assets (286 ) (3,438 ) Income tax expense $ 13,788 $ 12,994 (b) Deferred income tax The continuity of deferred income tax assets (liabilities) is summarized as follows: Years ended March, 31 2022 2021 Net deferred income tax liabilities, beginning of the year $ (40,792 ) $ (35,758 ) Deferred income tax expense recognized in net income for the year (5,028 ) (2,052 ) Deferred income tax expense recognized in other comprehensive income for the year 122 - Foreign exchange impact (1,430 ) (2,982 ) Net deferred income tax liabilities, end of the year $ (47,128 ) $ (40,792 ) The significant components of the Company’s deferred income tax are as follows: March 31, 2022 March 31, 2021 Deferred income tax assets Plant and equipment $ 2,230 $ 1,706 Environmental rehabilitation 2,021 1,716 Unrealized loss on investments 122 - Other deductible temporary difference 133 655 Total deferred income tax assets 4,506 4,077 Deferred income tax liabilities Plant and equipment (2,024 ) (1,488 ) Mineral rights and properties (49,386 ) (43,105 ) Unrealized gain on investments - - Other taxable temporary difference (224 ) (276 ) Total deferred income tax liabilities (51,634 ) (44,869 ) Net deferred income tax liabilities (47,128 ) (40,792 ) Of which -Deferred tax assets 905 - -Deferred tax liabilities $ (48,033 ) $ (40,792 ) Deferred tax assets are recognized to the extent that the realization of the related tax benefit through future taxable profits is probable. The ability to realize the tax benefits is dependent upon numerous factors, including the future profitability of operations in the jurisdictions in which the tax benefits arose. Deductible temporary differences and unused tax losses for which no deferred tax assets have been recognized are attributable to the following: March 31, 2022 March 31, 2021 Non-capital loss carry forward $ 69,341 $ 62,764 Plant and equipment 2,331 10,813 Mineral rights and properties 2,006 1,972 Other deductible temporary difference 21,088 21,669 $ 94,766 $ 97,218 As at March 31, 2022, the Company has the following net operating losses, expiring in various years to 2042 and available to offset future taxable income in Canada and China, respectively. Canada China Total 2023 $ - $ 1,105 $ 1,105 2024 - 1,322 1,322 2025 - 902 902 2026 - 267 267 2027 - 1,308 1,308 2030 1,175 - 1,175 2031 6,820 - 6,820 2032 9,893 - 9,893 2033 10,181 - 10,181 2034 8,001 - 8,001 2035 7,266 - 7,266 2036 54 - 54 2037 585 - 585 2038 2,555 - 2,555 2039 4,719 - 4,719 2040 2,155 - 2,155 2041 4,281 - 4,281 2042 6,752 - 6,752 $ 64,437 $ 4,904 $ 69,341 As at March 31, 2022, temporary differences of $184.6 million (March 31, 2021 - $143.6 million) associated with the investments in subsidiaries have not been recognized as the Company is able to control the timing of the reversal of these differences which are not expected to reverse in the foreseeable future.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Mar. 31, 2022
Disclosure of related party [text block] [Abstract]
RELATED PARTY TRANSACTIONS	19 . RELATED PARTY TRANSACTIONS Related party transactions are made on terms agreed upon by the related parties. The balances with related parties are unsecured and due on demand. Related party transactions not disclosed elsewhere in the consolidated financial statements are as follows: (a) Due from related parties March 31, 2022 March 31, 2021 NUAG (i) $ 43 $ 59 WHG (ii ) 23 19 Henan Non-ferrous (iii) - 769 $ 66 $ 847 i. The Company recovers costs for services rendered to NUAG and expenses incurred on behalf of NUAG pursuant to a services and administrative costs reallocation agreement. During the year ended March 31, 2022, the Company recovered $0.7 million (year ended March 31, 2021 - $0.6 million), from NUAG for services rendered and expenses incurred on behalf of NUAG. The costs recovered from NUAG were recorded as a direct reduction of general and administrative expenses on the consolidated statements of income. ii. The Company recovers costs for services rendered to WHG and expenses incurred on behalf of WHG pursuant to a services and administrative costs reallocation agreement. During the year ended March 31, 2022, the Company recovered $0.2 million (year ended March 31, 2021 - $0.1 million) from WHG for services rendered and expenses incurred on behalf of WHG. The costs recovered from WHG were recorded as a direct reduction of general and administrative expenses on the consolidated statements of income. iii. In January 2021, Henan Found advanced a loan of $0.8 million (RMB¥5 million) to Henan Non-ferrous. The loan bears an interest rate of 4.35% per annum. In January 2022, the loan, including accumulated interest, of $0.8 million (RMB¥5.2 million) was repaid in full. The balances with related parties are unsecured. (b) Compensation of key management personnel The remuneration of directors and other members of key management personnel, who are those having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, for the years ended March 31, 2022 and 2021 were as follows: Years Ended March 31, 2022 2021 Cash compensation 3,246 3,252 Share-based compensation 3,179 2,814 $ 6,425 $ 6,066

CAPITAL DISCLOSURES

CAPITAL DISCLOSURES	12 Months Ended
	Mar. 31, 2022
Capital Disclosure [Abstract]
CAPITAL DISCLOSURES	20. CAPITAL DISCLOSURES The Company’s objectives of capital management are intended to safeguard the entity’s ability to support the Company’s normal operating requirement on an ongoing basis, continue the development and exploration of its mineral properties, and support any expansionary plans. The capital of the Company consists of the items included in equity less cash and cash equivalents and short- term investments. Risk and capital management are primarily the responsibility of the Company’s corporate finance function and is monitored by the Board of Directors. The Company manages the capital structure and makes adjustments depending on economic conditions. Funds have been primarily secured through profitable operations and issuances of equity capital. The Company invests all capital that is surplus to its immediate needs in short-term, liquid and highly rated financial instruments, such as cash and other short- term deposits, all held with major financial institutions. Significant risks are monitored and actions are taken, when necessary, according to the Company’s approved policies.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Mar. 31, 2022
Disclosure of financial instruments [text block] [Abstract]
FINANCIAL INSTRUMENTS	21. FINANCIAL INSTRUMENTS The Company manages its exposure to financial risks, including liquidity risk, foreign exchange risk, interest rate risk, credit risk and equity price risk in accordance with its risk management framework. The Company’s Board of Directors has overall responsibility for the establishment and oversight of the Company’s risk management framework and reviews the Company’s policies on an ongoing basis. (a) Fair value The Company classifies its fair value measurements within a fair value hierarchy, which reflects the significance of the inputs used in making the measurements as defined in IFRS 13, Fair Value Measurement (“IFRS 13”). Level 1 – Unadjusted quoted prices at the measurement date for identical assets or liabilities in active markets. Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 – Unobservable inputs which are supported by little or no market activity. The following tables set forth the Company’s financial assets and liabilities that are measured at fair value level on a recurring basis within the fair value hierarchy as at March 31, 2022 and March 31, 2021. As required by IFRS 13, the assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair value as at March 31, 2022 Recurring measurements Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 113,302 $ - $ - $ 113,302 Short-term investments - money market instruments 90,455 - - 90,455 Investments in public companies 13,916 - - 13,916 Investments in private companies - - 3,852 3,852 Fair value as at March 31, 2021 Recurring measurements Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 118,735 $ - $ - $ 118,735 Short-term investments - money market instruments 64,545 - - 64,545 Investments in public companies 13,444 - - 13,444 Investments in private companies - - 2,289 2,289 Financial assets classified within Level 3 are equity investments in private companies owned by the Company. Significant unobservable inputs are used to determine the fair value of the financial assets, which includes recent arm’s length transactions of the investee, the investee’s financial performance as well as any changes in planned milestones of the investees. Fair value of the other financial instruments excluded from the table above approximates their carrying amount as at March 31, 2022 and March 31, 2021, due to the short-term nature of these instruments. There were no transfers into or out of Level 3 during the year ended March 31, 2022 and 2021. (b) Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its short-term business requirements. The Company has in place a planning and budgeting process to help determine the funds required to support the Company’s normal operating requirements on an ongoing basis and its expansion plans. In the normal course of business, the Company enters into contracts that give rise to commitments for future minimum payments. The following summarizes the remaining contractual maturities of the Company’s financial liabilities. March 31, 2022 March 31, 2021 Within a year 2-5 years Total Total Accounts payable and accrued liabilities $ 39,667 $ - $ 39,667 $ 30,298 Lease obligation 677 666 1,343 1,741 $ 40,344 $ 666 $ 41,010 $ 32,039 (c) Foreign exchange risk The Company reports its financial statements in US dollars. The functional currency of the head office, Canadian subsidiaries and all intermediate holding companies is CAD and the functional currency of all Chinese subsidiaries is RMB. The functional currency of New Infini and its subsidiaries is USD. The Company is exposed to foreign exchange risk when the Company undertakes transactions and holds assets and liabilities in currencies other than its functional currencies. The Company currently does not engage in foreign exchange currency hedging. The Company’s exposure to currency risk affect net income is summarized as follows: March 31, 2022 March 31, 2021 Financial assets denominated in U.S. Dollars $ 59,272 $ 58,610 Financial liabilities denominated in U.S. Dollars $ - $ 52 As at March 31, 2022, with other variables unchanged, a 10% strengthening (weakening) of the CAD against the USD would have decreased (increased) net income by approximately $6.0 million. (d) Interest rate risk The Company is exposed to interest rate risk on its cash equivalents and short term investments. As at March 31, 2022, all of its interest-bearing cash equivalents and short-term investments earn interest at market rates that are fixed to maturity or at variable interest rates with terms of less than one year. The Company monitors its exposure to changes in interest rates on cash equivalents and short term investments. Due to the short-term nature of these financial instruments, fluctuations in interest rates would not have a significant impact on the Company’s net income. (e) Credit risk Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the other party to incur a financial loss. The Company is exposed to credit risk primarily associated to accounts receivable, due from related parties, cash and cash equivalents, and short-term investments. The carrying amount of assets included in the consolidated statement of financial position represents the maximum credit exposure. The Company undertakes credit evaluations on counterparties as necessary, requests deposits from customers prior to delivery, and has monitoring processes intended to mitigate credit risks. There were no material amounts in trade or other receivables which were past due on March 31, 2022 (at March 31, 2021 - $nil). (f) Equity price risk The Company holds certain marketable securities that will fluctuate in value as a result of trading on financial markets. As the Company’s marketable securities holdings are mainly in mining companies, the value will also fluctuate based on commodity prices. Based upon the Company’s portfolio as at March 31, 2022, a 10% increase (decrease) in the market price of the securities held, ignoring any foreign currency effects, would have resulted in an increase (decrease) to the net income and other comprehensive income of $1.2 million and $0.2 million, respectively.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Mar. 31, 2022
Segmented Information Disclosure [Abstract]
SEGMENTED INFORMATION	22. SEGMENTED INFORMATION The Company’s reportable operating segments are components of the Company where separate financial information is available that is evaluated regularly by the Company’s Chief Executive Officer who is the Chief Operating Decision Maker (“CODM”). The operational segments are determined based on the Company’s management and internal reporting structure. Operating segments are summarized as follows: Operational Segments Subsidiaries Included in the Segment Properties Included in the Segment Mining Henan Luoning Henan Found and Henan Huawei Ying Mining District Hunan Yunxiang BYP Guangdong Guangdong Found GC Other Infini Resources S.A. de C.V. and Xinbaoyuan La Yesca, Kuanping Administrative Vancouver Silvercorp Metals Inc. and holding companies Beijing Silvercorp Metals (China) Inc. (a) Segmented information for assets and liabilities are as follows: March 31, 2022 Mining Administrative Henan Statement of financial position items: Luoning Hunan Guangdong Other Beijing Vancouver Total Current assets $ 141,376 $ 870 $ 14,919 $ 1,566 $ 8,570 $ 65,007 $ 232,308 Plant and equipment 58,189 3,708 15,282 163 864 1,212 79,418 Mineral rights and properties 254,071 7,571 32,091 32,715 - - 326,448 Investment in an associate - - - - - 56,841 56,841 Other investments 72 - - - - 17,696 17,768 Reclamation deposits 3,996 - 4,872 - - 8 8,876 Long-term prepaids and deposits 588 104 282 - - - 974 Deferred income tax assets - - 905 - - - 905 Total assets $ 458,292 $ 12,253 $ 68,351 $ 34,444 $ 9,434 $ 140,764 $ 723,538 Current liabilities $ 37,161 $ 545 $ 5,155 $ 2 $ 295 $ 2,880 $ 46,038 Long-term portion of lease obligation - - - - - 614 614 Deferred income tax liabilities 46,849 1,184 - - - - 48,033 Environmental rehabilitation 6,053 1,044 1,642 - - - 8,739 Total liabilities $ 90,063 $ 2,773 $ 6,797 $ 2 $ 295 $ 3,494 $ 103,424 March 31, 2021 Mining Administrative Henan Statement of financial position items: Luoning Hunan Guangdong Other Beijing Vancouver Total Current assets $ 124,636 $ 909 $ 11,177 $ 191 $ 4,322 $ 79,954 $ 221,189 Plant and equipment 53,651 3,833 15,765 59 965 1,456 75,729 Mineral rights and properties 225,023 7,345 28,314 16,747 - - 277,429 Investment in an associate - - - - - 53,457 53,457 Other investments 2,289 - - - - 13,444 15,733 Reclamation deposits 3,898 - 4,607 - - 8 8,513 Long-term prepaids and deposits 221 101 87 - - - 409 Long-term portion of lease receivable - - - - - 183 183 Total assets $ 409,718 $ 12,188 $ 59,950 $ 16,997 $ 5,287 $ 148,502 $ 652,642 Current liabilities $ 28,654 $ 625 $ 4,570 $ - $ 112 $ 3,214 $ 37,175 Long-term portion of lease obligation - - - - - 1,084 1,084 Deferred income tax liabilities 39,756 1,036 - - - - 40,792 Environmental rehabilitation 6,115 993 755 - - - 7,863 Total liabilities $ 74,525 $ 2,654 $ 5,325 $ - $ 112 $ 4,298 $ 86,914 (b) Segmented information for operating results is as follows: Year ended March 31, 2022 Mining Administrative Henan Statement of income: Luoning Hunan Guangdong Other Beijing Vancouver Total Revenue $ 176,751 $ - $ 41,172 $ - $ - $ - $ 217,923 Costs of mine operations (106,706 ) (530 ) (26,345 ) (41 ) - - (133,622 ) Income from mine operations 70,045 (530 ) 14,827 (41 ) - - 84,301 Operating (expenses) income (1,367 ) 146 59 (143 ) (2,109 ) (18,322 ) (21,736 ) Finance items, net 2,862 (35 ) 374 1 255 (8,950 ) (5,493 ) Income tax expenses (12,612 ) (112 ) 364 - - (1,428 ) (13,788 ) Net income (loss) $ 58,928 $ (531 ) $ 15,624 $ (183 ) $ (1,854 ) $ (28,700 ) $ 43,284 Attributable to: Equity holders of the Company 46,099 (346 ) 15,470 (77 ) (1,854 ) (28,658 ) 30,634 Non-controlling interests 12,829 (185 ) 154 (106 ) - (42 ) 12,650 Net income (loss) $ 58,928 $ (531 ) $ 15,624 $ (183 ) $ (1,854 ) $ (28,700 ) $ 43,284 (1) Hunan’s BYP project was placed on care and maintenance in August 2014. Year ended March 31, 2021 Mining Administrative Henan Statement of income: Luoning Hunan Guangdong Other Beijing Vancouver Total Revenue $ 157,297 $ 1,553 $ 33,255 $ - $ - $ - $ 192,105 Costs of mine operations (83,090 ) (1,356 ) (23,497 ) - - - (107,943 ) Income from mine operations 74,207 197 9,758 - - - 84,162 Operating expenses (1,848 ) 576 9 (6 ) (1,012 ) (10,157 ) (12,438 ) Finance items, net 1,788 (29 ) 145 - 118 (243 ) 1,779 Income tax expenses (10,876 ) 41 (960 ) - (8 ) (1,191 ) (12,994 ) Net income (loss) $ 63,271 $ 785 $ 8,952 $ (6 ) $ (902 ) $ (11,591 ) $ 60,509 Attributable to: Equity holders of the Company 49,422 566 8,864 (3 ) (902 ) (11,571 ) 46,376 Non-controlling interests 13,849 219 88 (3 ) - (20 ) 14,133 Net income (loss) $ 63,271 $ 785 $ 8,952 $ (6 ) $ (902 ) $ (11,591 ) $ 60,509 (c) Sales by metal The sales generated for the year ended March 31, 2022 and 2021 were all earned in China and were comprised of: Year ended March 31, 2022 Henan Luoning Hunan Guangdong Total Silver (Ag) $ 111,835 $ - $ 9,438 $ 121,273 Gold (Au) 5,083 - - 5,083 Lead (Pb) 48,504 - 8,586 57,090 Zinc (Zn) 7,489 - 21,353 28,842 Other 3,840 - 1,795 5,635 $ 176,751 $ - $ 41,172 $ 217,923 Year ended March 31, 2021 Henan Luoning Hunan Guangdong Total Silver (Ag) 102,100 $ - $ 9,091 $ 111,191 Gold (Au) 5,169 1,553 - 6,722 Lead (Pb) 42,836 - 7,628 50,464 Zinc (Zn) 5,898 - 15,895 21,793 Other 1,294 - 641 1,935 $ 157,297 $ 1,553 $ 33,255 $ 192,105 (d) Major customers For the year ending March 31, 2022, four major customers (year ended March 31, 2021 – five) each accounted for 13%, 18%, 19%, and 19% (year ended March 31, 2021 – 11%, 12%, 15%, 16%, and 21%) and collectively 69% (year ended March 31, 2021 – 75%) of the total sales of the Company.

SUPPLEMENTARY CASH FLOW INFORMA

SUPPLEMENTARY CASH FLOW INFORMATION	12 Months Ended
	Mar. 31, 2022
Disclosure of cash flow statement [text block] [Abstract]
SUPPLEMENTARY CASH FLOW INFORMATION	23. SUPPLEMENTARY CASH FLOW INFORMATION Changes in non-cash operating working capital: Year Ended March 31, 2022 2021 Trade and other receivables $ (2,101 ) $ (470 ) Inventories 753 (859 ) Prepaids and deposits (650 ) (1,133 ) Accounts payable and accrued liabilities 8,014 4,158 Deposits received 422 1,352 Due from a related party (14 ) 27 $ 6,424 $ 3,075 March 31, 2022 March 31, 2021 Cash on hand and at bank $ 72,782 $ 111,191 Bank term deposits and short-term money market investments 40,520 7,544 Total cash and cash equivalents $ 113,302 $ 118,735

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Statement of Compliance	(a) Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The policies applied in these consolidated financial statements are based on IFRS in effect as of March 31, 2022. These consolidated financial statements were authorized for issue in accordance with a resolution of the Board of Directors dated on May 25, 2022.
Basis of Consolidation	(b) Basis of Consolidation These consolidated financial statements include the accounts of the Company and its wholly or partially owned subsidiaries. Subsidiaries are consolidated from the date on which the Company obtains control up to the date of the disposition of control. Control is achieved when the Company has power over the subsidiary, is exposed or has rights to variable returns from its involvement with the subsidiary and has the ability to use its power to affect its returns. For non-wholly owned subsidiaries over which the Company has control, the net assets attributable to outside equity shareholders are presented as “non-controlling interests” in the equity section of the consolidated statement of financial position. Net income for the period that is attributable to the non- controlling interests is calculated based on the ownership of the non-controlling interest shareholders in the subsidiary. Adjustments to recognize the non-controlling interests’ share of changes to the subsidiary’s equity are made even if this results in the non-controlling interests having a deficit balance. Changes in the Company’s ownership interest in a subsidiary that do not result in a loss of control are recorded as equity transactions. The carrying amount of non-controlling interests is adjusted to reflect the change in the non- controlling interests’ relative interests in the subsidiary and the difference between the adjustment to the carrying amount of non-controlling interest and the Company’s share of proceeds received and/or consideration paid is recognized directly in equity and attributed to equity holders of the Company. Balances, transactions, revenues and expenses between the Company and its subsidiaries are eliminated on consolidation. Details of the Company’s significant subsidiaries which are consolidated are as follows: Proportion of ownership interest held Name of subsidiaries Principal activity Country of March 31, March 31, Mineral properties Silvercorp Metals China Inc. Holding company Canada 100% 100% Silvercorp Metals (China) Inc. Holding company China 100% 100% 0875786 B.C. LTD. Holding company Canada 100% 100% Fortune Mining Limited Holding company BVI (i) 100% 100% Fortune Copper Limited Holding company BVI 100% 100% Fortune Gold Mining Limited Holding company BVI 100% 100% Victor Resources Ltd. Holding company BVI 100% 100% Yangtze Mining Ltd. Holding company BVI 100% 100% Victor Mining Ltd. Holding company BVI 100% 100% Yangtze Mining (H.K.) Ltd. Holding company Hong Kong 100% 100% Fortune Gold Mining (H.K.) Limited Holding company Hong Kong 100% 100% Wonder Success Limited Holding company Hong Kong 100% 100% New Infini Silver Inc. (“New Infini”) Holding company Canada 46.1% 43.8% Infini Metals Inc. Holding company BVI 46.1% 43.8% Infini Resources (Asia) Co. Ltd. Holding company Hong Kong 46.1% 43.8% Golden Land (Asia) Ltd. Holding company Hong Kong 46.1% 43.8% Henan Huawei Mining Co. Ltd. (“Henan Huawei”) Mining China 80% 80% Ying Mining District Henan Found Mining Co. Ltd. (“Henan Found”) Mining China 77.5% 77.5% Xinshao Yunxiang Mining Co., Ltd. (“Yunxiang”) Mining China 70% 70% BYP Guangdong Found Mining Co. Ltd. (“Guangdong Found”) Mining China 99% 99% GC Infini Resources S.A. de C.V. Mining Mexico 46.1% 43.8% La Yesca Shanxi Xinbaoyuan Mining Co., Ltd. (“Xinbaoyuan”) Mining China 77.5% 0.0% Kuanping
Investments in Associates	(c) Investments in Associates An associate is an entity over which the Company has significant influence but not control and is not a subsidiary or joint venture. Significant influence is presumed to exist where the Company has between 20% and 50% of the voting rights, but can also arise when the Company has power to be actively involved and influential in financial and operating policy decisions of the entity even though Company has less than 20% of voting rights. The Company accounts for its investments in associates using the equity method. Under the equity method, the Company’s investment in an associate is initially recognized at cost and subsequently increased or decreased to recognize the Company’s share of profit and loss of the associate and for impairment losses after the initial recognition date. The Company’s share of an associate’s loss that are in excess of its investment are recognized only to the extent that the Company has incurred legal or constructive obligations or made payments on behalf of the associate. The Company’s share of comprehensive income or losses attributable to shareholders of associates are recognized in comprehensive income during the period. The carrying amount of the Company’s investments in associates also include any long-term debt interests which in substance form part of the Company’s net investment. Distributions received from an associate are accounted for as a reduction in the carrying amount of the Company’s investment. At the end of each reporting period, the Company assesses whether there is any objective evidence that an investment in an associate is impaired. Objective evidence includes observable data indicating there is a measurable decrease in the estimated future cash flows of the associate’s operations. When there is objective evidence that an investment in an associate is impaired, the carrying amount is compared to its recoverable amount, being the higher of its fair value less cost to sell and value in use. An impairment loss is recognized if the recoverable amount is less than its carrying amount. When an impairment loss reverses in a subsequent period, the carrying amount of the investment is increased to the revised estimate of recoverable amount to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined had an impairment loss not been previously recognized. Impairment losses and reversal of impairment losses, if any, are recognized in net income in the period in which the relevant circumstances are identified. Details of the Company’s associates are as follows: Proportion of ownership interest held Name of associate Principal activity Country of March 31, March 31, New Pacific Metals Corp. (“NUAG”) Mining Canada 28.2% 28.6% Whitehorse Gold Corp. (“WHG”) Mining Canada 29.3% 27.0%
Business Combinations or asset acquisition	(d) Business Combinations or asset acquisition Optional concentration test The Company applies an optional concentration test, on a transaction-by-transaction basis, that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The concentration test is met if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. The gross assets under assessment exclude cash and cash equivalents, deferred tax assets, and goodwill resulting from the effects of deferred tax liabilities. If the concentration test is met, the set of activities and assets is determined not to be a business and no further assessment is needed. Asset acquisitions When the Company acquires a group of assets and liabilities that do not constitute a business, the Company identifies and recognizes the individual identifiable assets acquired and liabilities assumed by allocating the purchase price first to financial assets/financial liabilities at the respective fair values, the remaining balance of the purchase price is then allocated to the other identifiable assets and liabilities on the basis of their relative fair values at the date of purchase. Such a transaction does not give rise to goodwill or bargain purchase gain. Business Combinations Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at acquisition date fair value and the amount of any non-controlling interest in the acquiree. For each business combination, the Company elects whether it measures the non-controlling interest in the acquiree either at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition costs incurred are expensed and included in general and administrative expenses. When the Company acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. If the business combination is achieved in stages, the acquisition date fair value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date through profit or loss.
Foreign Currency Translation	(e) Foreign Currency Translation The functional currency for each subsidiary of the Company is the currency of the primary economic environment in which the entity operates. Other than New Infini and its subsidiaries, the functional currency of the head office, Canadian subsidiaries and all intermediate holding companies is the Canadian dollar (“CAD”). The functional currency of all Chinese subsidiaries is the Chinese Renminbi (“RMB”). The functional currency of New Infini and its subsidiaries is USD. Foreign currency monetary assets and liabilities are translated into the functional currency using exchange rates prevailing at the reporting date. Foreign currency non-monetary assets are translated using exchange rates prevailing at the transaction date. Foreign exchange gains and losses are included in the determination of net income. The consolidated financial statements are presented in U.S. dollars (“USD”). The financial position and results of the Company’s entities are translated from functional currencies to USD as follows: - assets and liabilities are translated using exchange rates prevailing at the reporting date; - income and expenses are translated using average exchange rates prevailing during the period; and - all resulting exchange gains and losses are included in other comprehensive income. The Company treats inter-company loan balances, which are not intended to be repaid in the foreseeable future, as part of its net investment. When a foreign entity is sold, the historical exchange differences plus the foreign exchange impact that arises on the transaction are recognized in the statement of income as part of the gain or loss on sale.
Revenue Recognition	(f) Revenue Recognition Revenue from contracts with customers is recognized when control of the asset sold is transferred to customers and the Company satisfies its performance obligation. Revenue is allocated to each performance obligation. The Company considers the terms of the contract in determining the transfer price. The transaction price is based upon the amount the Company expects to receive in exchange for the transferring of the assets. In determining whether the Company has satisfied a performance obligation, it considers the indicators of the transfer of control, which include, but are not limited to, whether: the Company has a present right to payment; the customer has legal title to the asset; the Company has transferred physical possession of the asset to the customer; and the customer has the significant risks and rewards of ownership of the asset. This generally occurs when the assets are loaded on the trucks arranged by the customer at the Company’s milling facilities. In cases where the Company is responsible for the costs of shipping and certain other services after the date on which the control of the assets transferred to the customer, these other services are considered separate performance obligations and thus a portion of revenue earned under the contract is allocated and recognized as these performance obligations are satisfied. Revenue from concentrate sales is typically recorded based on the Company’s assay results for the quantity and quality of concentrate sold and the applicable commodity prices, such as silver, gold, lead and zinc, set on a specific quotation period, typical ranging from ten to fifteen days around shipment date, by reference to active and freely traded commodity market. Adjustments, if any, related to the final assay results for the quantity and quality of concentrate sold are not significant and do not constrain the recognition of revenue. Smelter charges, including refining and treatment charges, are netted against revenue from metal concentrate sales.
Cash and Cash Equivalents	(g) Cash and Cash Equivalents Cash and cash equivalents include cash on hand and held at banks and short-term money market investments that are readily convertible to cash with original terms of three months or less and exclude any restricted cash that is not available for use by the Company.
Short-term Investments	(h) Short-term Investments Short-term investments consist of certificates of deposit and money market instruments, including cashable guaranteed investment certificates, bearer deposit notes and other financial assets with original terms of over three months but less than one year. Bonds traded on open markets are also included in short-term investments.
Inventories	(i) Inventories Inventories include concentrate inventories, direct smelting ore, stockpile ore and operating materials and supplies. The classification of inventory is determined by the stage at which the ore is in the production process. Material that does not contain a minimum quantity of metal to cover estimated processing expenses to recover the contained metal is not classified as inventory and is assigned no value. Direct smelting ore and stockpiled ore are sampled for metal content and are valued at the lower of mining cost and net realizable value. Mining cost includes the cost of raw material, mining contractor cost, direct labour costs, depletion and depreciation, and applicable production overheads, based on normal operating capacity. Concentrate inventories are valued at the lower of cost and net realizable value. The cost of concentrate inventories includes the mining cost for stockpiled ore milled, freight charges for shipping stockpile ore from mine sites to mill sites and milling cost. Milling cost includes cost of materials and supplies, direct labour costs, and applicable production overheads cost, based on normal operating capacity. Material and supplies are valued at the lower of cost, determined on a weighted average cost basis, and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sales.
Plant and Equipment	(j) Plant and Equipment Plant and equipment are initially recorded at cost, including all directly attributable costs to bring the assets to the location and condition necessary for it to be capable of operating in the manner intended by management. Plant and equipment are subsequently measured at cost less accumulated depreciation and impairment losses. Depreciation is computed on a straight-line basis based on the nature and useful lives of the assets. The significant classes of plant and equipment and their estimated useful lives are as follows: Buildings 20 years Office equipment 5 years Machinery 5-10 years Motor vehicles 5 years Land use rights 50 years Leasehold improvements 5 years Subsequent costs that meet the asset recognition criteria are capitalized, while costs incurred that do not extend the economic useful life of an asset are considered repairs and maintenance, which are accounted for as an expense recognized during the period. Assets under construction are capitalized as construction-in-progress. The cost of construction-in-progress comprises of the asset’s purchase price and any costs directly attributable to bringing it into working condition for its intended use. Construction-in-progress assets are transferred to other respective asset classes and are depreciated when they are completed and available for use. Upon disposal or abandonment, the carrying amounts of plant and equipment are derecognized and any associated gain or loss is recognized in net income.
Mineral Rights and Properties	(k) Mineral Rights and Properties Mineral rights and properties include the following capitalized payments and expenditures: - Acquisition costs which consist of payments for property rights and leases, including payments to acquire or renew an exploration or mining permit, and the estimated fair value of properties acquired as part of business combination or the acquisition of a group of assets. - Exploration and evaluation costs incurred on a specific property after an acquisition of a beneficial interest or option in the property. Exploration and evaluation expenditures on properties for which the Company does not have title or rights to are expensed when incurred. Exploration and evaluation activities involve the search for mineral resources, the determination of technical feasibility and the assessment of commercial viability of an identified resource. - Development costs incurred to construct a mine and bring it into commercial production. Proceeds from sales generate during this development and pre-production stage, if any, are deducted from the costs of the asset. - Expenditures incurred on producing properties that are expected to have future economic benefit, including to extend the life of the mine and to increase production by providing access to additional reserves, such as exploration tunneling that can increase or upgrade the mineral resources, and development tunneling, including to build shafts, drifts, ramps, and access corridors that enable to access ore underground. - Borrowing costs incurred that are directly attributed to the acquisition, construction and development of a qualifying mineral property. - Estimated of environmental rehabilitation and restoration costs. Before commencement of commercial production, mineral rights and properties are carried at costs, less any accumulated impairment charges. Upon commencement of commercial production, mineral rights and properties are carried at costs, less accumulated depletion and any accumulated impairment charges. Mineral rights and properties, other than the payments to renew mining permits (the “mine right fee”) are depleted over the mine’s estimated life using the units of production method calculated based on proven and probable reserves. Estimation of proven and probable reserves for each property is updated when relative information is available; the result will be prospectively applied to calculate depletion amounts for future periods. If commercial production commences prior to the determination of proven and probable reserves, depletion is calculated based on the mineable portion of measured and indicated resources. The mine right fee is depleted using the units of production method based on the mineral resources which were used to determine the mine right fee payable.
Impairment and Impairment Reversal	(l) Impairment and Impairment Reversal At each reporting period, the Company reviews and evaluates its assets for impairment, or reversal of a previously recognized impairment, when events or changes in circumstances indicate that the related carrying amounts may not be recoverable or when there is an indication that impairment may have reversed. When impairment indicators exist, an estimate of the recoverable amount is undertaken, being the higher of an asset’s fair value less cost of disposal (“FVLCTD”) and value in use (“VIU”). If the carrying value exceeds the recoverable amount, an impairment loss is recognized in the consolidated statement of income during the period. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre- tax discount rate that reflects current market assessment of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. The cash flows are based on best estimates of expected future cash flows from the continued use of the asset and its eventual disposal. FVLCTD is best evidence if obtained from an active market or binding sale agreement. Where neither exists, the fair value is based the best estimates available to reflect the amount that could be received from an arm’s length transaction. Fair value of asset is generally determined as the present value of the estimated future cash flows expected to arise from the continued use of the asset, including any expansion prospects. Impairment is normally assessed at the level of cash-generating units (“CGU”), a CGU is identified as the smallest identifiable group of assets that generates cash inflows which are independent of the cash inflows generated from other assets. When there is an indication that an impairment loss recognized previously may no longer exist or has decreased, the recoverable amount is calculated. If the recoverable amount exceeds the carrying amount, the carrying value of the asset is increased to the recoverable amount. The increased carrying amount cannot exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in prior years. A reversal of an impairment loss is recognized as a gain in the consolidated statements of income in the period it is determined.
Environmental Rehabilitation Provision	(m) Environmental Rehabilitation Provision The mining, extraction and processing activities of the Company normally give rise to obligations for site closure or rehabilitation. Closure and decommissioning works can include facility decommissioning and dismantling; removal or treatment of waste materials; site and land rehabilitation. The extent of work required and the associated costs are dependent on the requirements of relevant authorities and the Company’s environmental policies. Provisions for the cost of each closure and rehabilitation program are recognized at the time when environmental disturbance occurs. When the extent of disturbance increases over the life of an operation, the provision is increased accordingly. Costs included in the provision encompass all closure and decommissioning activity expected to occur progressively over the life of the operation and at the time of closure in connection with disturbances at the reporting date. Routine operating costs that may impact the ultimate closure and decommissioning activities, such as waste material handling conducted as an integral part of a mining or production process, are not included in the provision. Costs arising from unforeseen circumstances, such as the contamination caused by unplanned discharges, are recognized as an expense and liability when the event gives rise to an obligation which is probable and capable of reliable estimation. The timing of the actual closure and decommissioning expenditure is dependent upon a number of factors such as the life and nature of the asset, the operating license conditions, and the environment in which the mine operates. Expenditure may occur before and after closure and can continue for an extended period of time dependent on closure and decommissioning requirements. Closure and decommissioning provisions are measured at the expected amount of future cash flows, discounted to their present value for each operation. Discount rates used are specific to the underlying obligation. Significant judgments and estimates are involved in forming expectations of future activities and the amount and timing of the associated cash flows. Those expectations are formed based on existing environmental and regulatory requirements which give rise to a constructive or legal obligation. When provisions for closure and decommissioning are initially recognized, the corresponding cost is capitalized as an asset, representing part of the cost of acquiring the future economic benefits of the operation. The capitalized cost of closure and decommissioning activities is recognized in Mineral Rights and Properties and depleted accordingly. The value of the provision is progressively increased over time as the effect of discounting unwinds, creating an expense recognized in finance costs. Closure and decommissioning provisions are also adjusted for changes in estimates. Those adjustments are accounted for as a change in the corresponding capitalized cost, except where a reduction in the provision is greater than the undepreciated capitalized cost of the related assets, in which case the capitalized cost is reduced to nil and the remaining adjustment is recognized in the income statement. In the case of closed sites, changes to estimated costs are recognized immediately in the consolidated statements of income. Changes to the capitalized cost result in an adjustment to future depreciation and finance charges. Adjustments to the estimated amount and timing of future closure and decommissioning cash flows are a normal occurrence in light of the significant judgments and estimates involved. The provision is reviewed at the end of each reporting period for changes to obligations, legislation or discount rates that impact estimated costs or lives of operations and adjusted to reflect current best estimate. The cost of the related asset is adjusted for changes in the provision resulting from changes in the estimated cash flows or discount rate and the adjusted cost of the asset is depreciated prospectively.
Leases	(n) Leases Lease Definition At inception of a contract, the Company assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. An identified asset may be implicitly or explicitly specified in a contract, but must be physically distinct, and must not have the ability for substitution by a lessor. A lessee has the right to control an identified asset if it obtains substantially all of its economic benefits and either pre-determines or directs how and for what purposes the asset is used. Measurement of Right of Use (“ROU”) Assets and Lease Obligations At the commencement of a lease, the Company, if acting in capacity as a lessee, recognizes an ROU asset and a lease obligation. The ROU asset is initially measured at cost, which comprises the initial amount of the lease obligation adjusted for any lease payments made at, or before, the commencement date, plus any initial direct costs incurred, less any lease incentives received. The ROU asset is subsequently amortized on a straight-line basis over the shorter of the term of the lease, or the useful life of the asset determined on the same basis as the Company’s plant and equipment. The ROU asset is periodically adjusted for certain remeasurements of the lease obligation, and reduced by impairment losses, if any. If an ROU asset is subsequently leased to a third party (a “sublease”) and the sublease is classified as a finance lease, the carrying value of the ROU asset to the extent of the sublease is derecognized. Any difference between the ROU asset and the lease receivable arising from the sublease is recognized in profit or loss. The lease obligation is initially measured at the present value of the lease payments remaining at the lease commencement date, discounted using the interest rate implicit in the lease or the Company’s incremental borrowing rate if the rate implicit in the lease cannot be determined. Lease payments included in the measurement of the lease obligation, when applicable, may comprise of fixed payments, variable payments that depend on an index or rate, amounts expected to be payable under a residual value guarantee and the exercise price under a purchase, extension or termination option that the Company is reasonably certain to exercise. The lease obligation is subsequently measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease obligation is remeasured, a corresponding adjustment is made to the carrying amount of the ROU asset. Measurement of Lease Receivable At the commencement of a lease, the Company, if acting in capacity as a lessor, will classify the lease as finance lease and recognize a lease receivable at an amount equal to the net investment in the lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset or if the lease is a sublease, by reference to the ROU asset arising from the original lease (the “head lease”). A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership of an underlying asset or the lease is a short-term lease. Cash received from an operating lease is included in other income in the Company’s consolidated statement of income on a straight-line basis over the period the lease. The lease receivable is initially measure at the present value of the lease payments remaining at the lease commencement date, discounted at the interest rate implicit in the lease or the Company’s incremental borrowing rate if the sublease is a finance lease. The lease receivable is subsequently measured at amortized cost using the effective interest rate method, and reduced by the amount received and impairment losses, if any. Recognition Exemptions The Company has elected not to recognize the ROU asset and lease obligations for short-term leases that have a lease term of 12 months or less or for leases of low-value assets. Payments associated with these leases are recognized as general and administrative expense on a straight-line basis over the lease term on the consolidated statement of income.
Borrowing Costs	(o) Borrowing Costs Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset, which necessarily takes a substantial period of time to get ready for its intended use or sale, are capitalized as part of the cost of that asset. All other borrowing costs are expensed in the period in which they are incurred. No borrowing costs were capitalized in the periods presented.
Share-based Payments	(p) Share-based Payments The Company makes share-based awards, including restricted share units (“RSUs”), performance share units (“PSUs”), and stock options, to employees, officers, directors, and consultants. For equity-settled awards, the fair value is charged to the consolidated statements of income and credited to equity, on a straight-line basis over the vesting period, after adjusting for the estimated number of awards that are expected to vest. The fair value of RSUs and PSUs is determined based on quoted market price of our common shares at the date of grant. The fair value of the stock options granted to employees, officers, and directors is determined at the date of grant using the Black-Scholes option pricing model with market related input. The fair value of stock options granted to consultants is measured at the fair value of the services delivered unless that fair value cannot be estimated reliably, which then is determined using the Black-Scholes option pricing model. Stock options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. At each reporting date prior to vesting, the cumulative expense representing the extent to which the vesting period has expired and management’s best estimate of the awards that are ultimately expected to vest is computed (after adjusting for non-market performance conditions). The movement in cumulative expense is recognized in the consolidated statements of income with a corresponding entry within equity. No expense is recognized for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vested irrespective of whether or not the market condition is satisfied, provided that all other performance conditions are satisfied.
Income Taxes	(q) Income Taxes Current tax for each taxable entity is based on the local taxable income at the local statutory tax rate enacted or substantively enacted at the reporting date and includes adjustments to tax payable or recoverable in respect to previous periods. Current tax assets and current tax liabilities are only offset if a legally enforceable right exists to set off the amounts, and the Company intends to settle on a net basis, or to realize the asset and settle the liability simultaneously. Deferred tax is recognized using the balance sheet liability method on temporary differences at the reporting date between the tax bases of assets and liabilities, and their carrying amounts for financial reporting purposes. Deferred tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses, can be utilized, except: - where the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and - in respect of deductible temporary differences associated with investments in subsidiaries, associates and interests in joint ventures, deferred income tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Unrecognized deferred income tax assets are reassessed at the end of each reporting period and are recognized to the extent that it has become probable that future taxable profit will be available to allow the deferred tax asset to be recovered. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax relating to items recognized outside profit or loss is recognized in other comprehensive income or directly in equity. Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority.
Earnings per Share	(r) Earnings per Share Earnings per share are computed by dividing net income available to equity holders of the Company by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if additional common shares are assumed to be issued under securities that entitle their holders to obtain common shares in the future. For stock options and warrants, the number of additional shares for inclusion in diluted earnings per share calculations is determined by the options and warrants, whose exercise price is less than the average market price of the Company’s common shares, are assumed to be exercised and the proceeds are used to repurchase common shares at the average market price for the period. The incremental number of common shares issued under stock options, and repurchased from proceeds, is included in the calculation of diluted earnings per share.
Financial Instruments	(s) Financial Instruments Initial recognition: On initial recognition, all financial assets and financial liabilities are recorded at fair value adjusted for directly attributable transaction costs except for financial assets and liabilities classified as fair value through profit or loss (“FVTPL”), in which case transaction costs are expensed as incurred. Subsequent measurement of financial assets: Subsequent measurement of financial assets depends on the classification of such assets. I. Non-equity instruments: IFRS 9 includes a single model that has only two classification categories for financial instruments other than equity instruments: amortized cost and fair value. To qualify for amortized cost accounting, the instrument must meet two criteria: i. The objective of the business model is to hold the financial asset for the collection of the contractual cash flows; and ii. All contractual cash flows represent only principal and interest on that principal. All other instruments are mandatorily measured at fair value. II. Equity instruments: At initial recognition, for equity instruments other than held for trading, the Company may make an irrevocable election to designate them, on instrument by instrument basis, as either FVTPL or fair value through other comprehensive income (“FVTOCI”). Financial assets classified as amortized cost are measured at the amount of initial recognition minus principal repayments, plus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount, adjusted for any impairment loss allowance. Amortization or interest income from the effective interest method is included in finance income. Financial assets classified as FVTPL are measured at fair value with changes in fair values recognized in profit or loss. Equity investments designated as FVTOCI are measured at fair value with changes in fair values recognized in other comprehensive income (“OCI”). Dividends from that investment are recorded in profit or loss when the Company’s right to receive payment of the dividend is established unless they represent a recovery of part of the cost of the investment. Impairment of financial assets carried at amortized cost: The Company recognizes a loss allowance for expected credit losses on its financial assets carried at amortized cost. The amount of expected credit losses is updated at each reporting period to reflect changes in credit risk since initial recognition of the respective financial instruments. Subsequent measurement of financial liabilities: Financial liabilities classified as amortized cost are measured at the amount of initial recognition minus principal repayments, plus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount. Amortization or interest expense using the effective interest method is included in finance costs. Financial liabilities classified as FVTPL are measured at fair value with gains and losses recognized in profit or loss. The Company classifies its financial instruments as follows: - Financial assets classified as FVTPL: cash and cash equivalents, short-term investments – money market instruments, and other investments - equity investments designated as FVTPL and warrants; - Financial assets classified as FVTOCI: other investments - equity investments designated as FVTOCI; - Financial assets classified as amortized cost: short-term investments - bonds, trade and other receivables and due from related parties; - Financial liabilities classified as amortized cost: accounts payable and accrued liabilities, dividends payable, bank loan, customer deposits and due to related parties. Derecognition of financial assets and financial liabilities: A financial asset is derecognized when: - The rights to receive cash flows from the asset have expired; or - The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass- through’ arrangement; and either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. Gains and losses on derecognition of financial assets and liabilities classified as amortized cost are recognized in profit or loss when the instrument is derecognized or impaired, as well as through the amortization process. Gains and losses on derecognition of equity investments designated as FVTOCI (including any related foreign exchange component) are recognized in OCI. Amounts presented in OCI are not subsequently transferred to profit or loss. A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another liability from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability. In this case, a new liability is recognized, and the difference in the respective carrying amounts is recognized in the statement of income. Offsetting of financial instruments: Financial assets and liabilities are offset and the net amount is reported in the consolidated statement of financial position if and only if, there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle liabilities simultaneously. Fair value of financial instruments: The fair value of financial instruments that are traded in active markets at each reporting date is determined by reference to quoted market prices, without deduction for transaction costs. For financial instruments that are not traded in active markets, the fair value is determined using appropriate valuation techniques, such as using a recent arm’s length market transaction between knowledgeable and willing parties, discounted cash flow analysis, reference to the current fair value of another instrument that is substantially the same, or other valuation models.
Government Assistance	(t) Government Assistance Refundable mining exploration tax credits received from eligible mining exploration expenditures and other government grants received for project construction and development reduce the carrying amount of the related mineral rights and properties or plant and equipment assets. The depletion or depreciation of the related mineral rights and properties or plant and equipment assets is calculated based on the net amount. Government subsidies as compensation for expenses already incurred are recognized in profit and loss during the period in which it becomes receivable.
Significant Accounting Judgments and Estimates	(u) Significant Accounting Judgments and Estimates The preparation of consolidated financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions about future events that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Although these judgments and estimates are continuously evaluated and are based on management’s experience and best knowledge of relevant facts and circumstances, actual results may differ from these estimates. Areas where critical accounting judgments have the most significant effect on the consolidated financial statements include: Capitalization of expenditures included in mineral rights and properties – Indicators of impairment and impairment reversal Income taxes The recognition of deferred tax assets and the determination of the ability of the Company to utilize tax loss carry-forwards to offset deferred tax liabilities requires management to exercise judgement and make certain assumptions about the future performance of the Company. Management is required to access whether it is “probable” that the Company will benefit from these prior losses and other deferred tax assets. Changes in economic conditions, metal prices, and other factors could result in revision to the estimates of the benefits to be realized or the timing of utilization of the losses. Functional currency Contingencies Consolidation of entities in which the Company holds less than a majority of voting rights – Areas where critical accounting estimates have the most significant effect on the amounts recognized in the consolidated financial statements include: Mineral Reserves and Mineral Resources estimates - Impairment and reserve impairment of assets - The determination of FVLCTD and VIU requires management to make estimates and assumptions about expected production based on current estimates of recoverable metal, commodity prices, operating costs, taxes and export duties, inflation and foreign exchange, salvage value, future capital expenditures and discount rates. The estimates and assumptions are subject to risk and uncertainty; hence, there is the 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 reversed with the impact recorded in the consolidated statements of (loss) income. Valuation of inventory Environmental rehabilitation provision and the timing of expenditures

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of significant accounting policies [text block] [Abstract]
Schedule of Details of Company's Significant Subsidiaries	Proportion of ownership interest held Name of subsidiaries Principal activity Country of March 31, March 31, Mineral properties Silvercorp Metals China Inc. Holding company Canada 100% 100% Silvercorp Metals (China) Inc. Holding company China 100% 100% 0875786 B.C. LTD. Holding company Canada 100% 100% Fortune Mining Limited Holding company BVI (i) 100% 100% Fortune Copper Limited Holding company BVI 100% 100% Fortune Gold Mining Limited Holding company BVI 100% 100% Victor Resources Ltd. Holding company BVI 100% 100% Yangtze Mining Ltd. Holding company BVI 100% 100% Victor Mining Ltd. Holding company BVI 100% 100% Yangtze Mining (H.K.) Ltd. Holding company Hong Kong 100% 100% Fortune Gold Mining (H.K.) Limited Holding company Hong Kong 100% 100% Wonder Success Limited Holding company Hong Kong 100% 100% New Infini Silver Inc. (“New Infini”) Holding company Canada 46.1% 43.8% Infini Metals Inc. Holding company BVI 46.1% 43.8% Infini Resources (Asia) Co. Ltd. Holding company Hong Kong 46.1% 43.8% Golden Land (Asia) Ltd. Holding company Hong Kong 46.1% 43.8% Henan Huawei Mining Co. Ltd. (“Henan Huawei”) Mining China 80% 80% Ying Mining District Henan Found Mining Co. Ltd. (“Henan Found”) Mining China 77.5% 77.5% Xinshao Yunxiang Mining Co., Ltd. (“Yunxiang”) Mining China 70% 70% BYP Guangdong Found Mining Co. Ltd. (“Guangdong Found”) Mining China 99% 99% GC Infini Resources S.A. de C.V. Mining Mexico 46.1% 43.8% La Yesca Shanxi Xinbaoyuan Mining Co., Ltd. (“Xinbaoyuan”) Mining China 77.5% 0.0% Kuanping
Schedule of Details of Company's Associate	Proportion of ownership interest held Name of associate Principal activity Country of March 31, March 31, New Pacific Metals Corp. (“NUAG”) Mining Canada 28.2% 28.6% Whitehorse Gold Corp. (“WHG”) Mining Canada 29.3% 27.0%
Schedule of Estimated Useful Lives	Buildings 20 years Office equipment 5 years Machinery 5-10 years Motor vehicles 5 years Land use rights 50 years Leasehold improvements 5 years

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	12 Months Ended
	Mar. 31, 2022
Short Term Investments Explanatory [Abstract]
Schedule of Short-term Investments	Amount Interest rates Maturity Bonds $ 9,168 5.50% - 13.00% April 9, 2022 - January 16, 2025 Money market instruments 90,455 $ 99,623 Amount Interest rates Maturity Bonds $ 15,812 5.38% - 13.00% January 10, 2022 - September 3, 2024 Money market instruments 64,545 $ 80,357

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Mar. 31, 2022
Inventories [Abstract]
Schedule of Inventories	March 31, 2022 March 31, 2021 Concentrate inventory $ 3,199 $ 4,536 Stockpile 1,715 1,916 Material and supplies 4,210 3,316 $ 9,124 $ 9,768

OTHER INVESTMENTS (Tables)

OTHER INVESTMENTS (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of other investments [Abstract]
Schedule of Equity Investments Designated	March 31, 2022 March 31, 2021 Equity investments designated as FVTOCI Public companies $ 2,383 $ 2,966 Private companies 71 2,289 2,454 5,255 Equity investments designated as FVTPL Public companies 11,533 10,478 Private companies 3,781 - 15,314 10,478 Total $ 17,768 $ 15,733
Schedule of Continuity of Investments	Fair Value Accumulated fair Accumulated fair Equity Investment Equity Investment April 1, 2020 $ 8,750 $ (34,879 ) $ - $ 8,750 $ - Gain on equity investments designated as FVTOCI 12,069 12,069 - 12,551 - Gain on equity investments designated as FVTPL 7,188 - 7,188 - 7,732 Acquisition 12,708 - - - 12,708 Disposal (19,301 ) - - (16,607 ) (10,742 ) Reclassified to short-term investments (7,511 ) - - Impact of foreign currency translation 1,830 - - 561 780 March 31, 2021 $ 15,733 $ (22,810 ) $ 7,188 $ 5,255 $ 10,478 Loss on equity investments designated as FVTOCI (1,526 ) (1,526 ) - (1,526 ) - Loss equity investments designated as FVTPL (3,485 ) - (3,485 ) - (3,485 ) Acquisition 8,235 - - - 8,235 Disposal (1,362 ) - - (1,362 ) - Impact of foreign currency translation 173 - - 87 86 March 31, 2022 $ 17,768 $ (24,336 ) $ 3,703 $ 2,454 $ 15,314

INVESTMENT IN ASSOCIATES (Table

INVESTMENT IN ASSOCIATES (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of associates [abstract]
Schedule of Investment in Common Shares and Market Value as Balance Sheet Dates	Number of Amount Value of NUAG’s Balance April 1, 2020 42,596,506 $ 44,555 $ 148,624 Participation in public offering 1,320,710 5,805 WHG Spin-out (1,793 ) Share of net loss (1,672 ) Share of other comprehensive loss (2,324 ) Foreign exchange impact 5,828 Balance March 31, 2021 43,917,216 $ 50,399 $ 181,257 Purchase from open market 125,000 352 Share of net loss (1,715 ) Share of other comprehensive income 95 Foreign exchange impact 306 Balance March 31, 2022 44,042,216 $ 49,437 $ 140,275 Number of Amount Value of WHG’s Balance April 1, 2020 Distributed by NUAG through WHG spin-out 5,740,285 1,793 Participation in private placement 5,774,000 1,326 Share of net loss (174 ) Foreign exchange impact 113 Balance March 31, 2021 11,514,285 $ 3,058 $ 15,108 Participation in private placement 4,000,000 4,960 Share of net loss (473 ) Foreign exchange impact (141 ) Balance March 31, 2022 15,514,285 $ 7,404 $ 6,208
Schedule of Financial Information for Investment	Years ended March 31, 2022 (1) 2021 (1) Net loss attributable to NUAG’s shareholders as reported by NUAG $ (6,055 ) $ 3,029 Adjustments to remove impairment charges recognized by NUAG - (8,862 ) Net loss of NUAG qualified for pick-up (6,055 ) (5,833 ) Other comprehensive income (loss) attributable to NUAG’s shareholders as reported by NUAG 334 (8,079 ) Comprehensive income (loss) of NUAG qualified for pick-up $ (5,721 ) $ (13,912 ) Company’s share of net loss (1,715 ) (1,672 ) Company’s share of other comprehensive income (loss) 95 (2,324 ) Company’s share of comprehensive income $ (1,620 ) $ (3,996 ) (1) Year ended March 31, 2022 (1) 2021 (1) Net loss attributable to WHG’s shareholders as reported by WHG $ (1,607 ) $ (856 ) Adjustments to exclude WHG’s net loss before spin-out - 211 Net loss of WHG qualified for pick-up $ (1,607 ) $ (645 ) Company’s share of net loss $ (473 ) $ (174 ) (1)
Schedule of Consolidated Financial Statements	As at March 31, 2022 March 31, 2021 Current assets $ 37,075 $ 48,511 Non-current assets 88,171 78,164 Total assets $ 125,246 $ 126,675 Current liabilities 2,353 811 Total liabilities 2,353 811 Net assets $ 122,893 $ 125,864 Non-controlling interests (24 ) (50 ) Total equity attributable to equity holders of NUAG $ 122,917 $ 125,914 Company’s share of net assets of associate $ 34,670 $ 35,932 As at March 31, 2022 March 31, 2021 Current assets $ 3,068 $ 823 Non-current assets 19,159 10,862 Total assets $ 22,227 $ 11,685 Current liabilities 575 237 Long-term liabilities 5 - Total liabilities 580 237 Net assets $ 21,647 $ 11,448 Company’s share of net assets of associate $ 6,341 $ 3,090

PLANT AND EQUIPMENT (Tables)

PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Schedule of Composition of Property and Equipment and Related Accumulated Depreciation	Land use rights Office Motor Construction Cost and building equipment Machinery vehicles in progress Total Balance as at April 1, 2020 $ 96,454 $ 8,010 $ 25,800 $ 6,416 $ 2,136 $ 138,816 Additions 182 864 1,117 1,059 7,189 10,411 Disposals (205 ) (250 ) (291 ) (480 ) - (1,226 ) Reclassification of asset groups 5,579 325 2,221 - (8,125 ) - Impact of foreign currency translation 8,141 711 2,227 542 142 11,763 Balance as at March 31, 2021 $ 110,151 $ 9,660 $ 31,074 $ 7,537 $ 1,342 $ 159,764 Additions 1,613 967 2,575 763 3,647 9,565 Disposals (293 ) (68 ) (539 ) (245 ) - (1,145 ) Reclassification of asset groups 2,100 154 191 - (2,445 ) - Impact of foreign currency translation 3,676 296 1,078 258 59 5,367 Ending balance as at March 31, 2022 $ 117,247 $ 11,009 $ 34,379 $ 8,313 $ 2,603 $ 173,551 Impairment, accumulated depreciation and amortization Balance as at April 1, 2020 $ (43,987 ) $ (5,375 ) $ (18,168 ) $ (4,564 ) $ - $ (72,094 ) Disposals 90 228 176 388 - 882 Depreciation and amortization (3,921 ) (630 ) (1,629 ) (496 ) - (6,676 ) Impact of foreign currency translation (3,752 ) (469 ) (1,550 ) (376 ) - (6,147 ) Balance as at March 31, 2021 $ (51,570 ) $ (6,246 ) $ (21,171 ) $ (5,048 ) $ - $ (84,035 ) Disposals 158 64 419 220 - 861 Depreciation and amortization (4,422 ) (867 ) (2,172 ) (649 ) - (8,110 ) Impact of foreign currency translation (1,750 ) (183 ) (741 ) (175 ) - (2,849 ) Ending balance as at March 31, 2022 $ (57,584 ) $ (7,232 ) $ (23,665 ) $ (5,652 ) $ - $ (94,133 ) Carrying amounts Balance as at March 31, 2021 $ 58,581 $ 3,414 $ 9,903 $ 2,489 $ 1,342 $ 75,729 Ending balance as at March 31, 2022 $ 59,663 $ 3,777 $ 10,714 $ 2,661 $ 2,603 $ 79,418
Schedule of Composition of Carrying Amounts	Carrying amounts as at March 31, 2022 Ying Mining District BYP GC Other Total Land use rights and building $ 42,953 $ 2,965 $ 12,027 $ 1,718 $ 59,663 Office equipment 2,979 16 516 266 3,777 Machinery 8,225 155 2,276 58 10,714 Motor vehicles 2,127 20 323 191 2,661 Construction in progress 1,911 552 140 - 2,603 Total $ 58,195 $ 3,708 $ 15,282 $ 2,233 $ 79,418 Carrying amounts as at March 31, 2021 Ying Mining District BYP GC Other Total Land use rights and building $ 41,177 $ 3,047 $ 12,369 $ 1,988 $ 58,581 Office equipment 2,647 20 448 299 3,414 Machinery 7,114 213 2,576 - 9,903 Motor vehicles 1,917 20 359 193 2,489 Construction in progress 796 533 13 - 1,342 Total $ 53,651 $ 3,833 $ 15,765 $ 2,480 $ 75,729

MINERAL RIGHTS AND PROPERTIES (

MINERAL RIGHTS AND PROPERTIES (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure Of Mineral Rights And Properties Explanatory [Abstract]
Schedule of Mineral Rights and Properties	Producing and development properties Exploration and evaluation properties Cost Ying Mining District BYP GC RZY Kuanping La Yesca Total Balance as at April 1, 2020 $ 293,136 $ 63,572 $ 103,311 $ 164 $ - $ - $ 460,183 Capitalized expenditures 31,138 30 3,890 - - 87 35,145 Acquisition (Note 3) - - - - - 16,660 16,660 Environmental rehabilitation (1,268 ) (135 ) (207 ) - - - (1,610 ) Foreign currency translation impact 24,994 1,142 8,616 21 - - 34,773 Balance as at March 31, 2021 $ 348,000 $ 64,609 $ 115,610 $ 185 $ - $ 16,747 $ 545,151 Capitalized expenditures 37,307 - 4,507 - 24 2,588 44,426 Acquisition (Note 3) - - - - 13,135 - 13,135 Environmental rehabilitation (68 ) (18 ) 898 - - 812 Derecognition - - - (185 ) - - (185 ) Foreign currency translation impact 12,096 501 3,891 - 221 - 16,709 Ending balance as at March 31, 2022 $ 397,335 $ 65,092 $ 124,906 $ - $ 13,380 $ 19,335 $ 620,048 Impairment and accumulated depletion Balance as at April 1, 2020 $ (100,390 ) $ (56,688 ) $ (78,355 ) $ (164 ) $ - $ - $ (235,597 ) Depletion (13,921 ) - (2,419 ) - - (16,340 ) Foreign currency translation impact (8,666 ) (576 ) (6,522 ) (21 ) - - (15,785 ) Balance as at March 31, 2021 $ (122,977 ) $ (57,264 ) $ (87,296 ) $ (185 ) $ - $ - $ (267,722 ) Depletion (15,974 ) - (2,595 ) - - - (18,569 ) Derecognition - - - 185 - - 185 Foreign currency translation impact (4,313 ) (257 ) (2,924 ) - - - (7,494 ) Ending balance as at March 31, 2022 $ (143,264 ) $ (57,521 ) $ (92,815 ) $ - $ - $ - $ (293,600 ) Carrying amounts Balance as at March 31, 2021 $ 225,023 $ 7,345 $ 28,314 $ - $ - $ 16,747 $ 277,429 Ending balance as at March 31, 2022 $ 254,071 $ 7,571 $ 32,091 $ - $ 13,380 $ 19,335 $ 326,448

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of leases [text block] [Abstract]
Schedule of Lease Receivable and Lease Obligation	Lease Receivable Lease Obligation Balance, April 1, 2020 $ 534 $ 2,069 Interest accrual 24 95 Interest received or paid (24 ) (95 ) Principal repayment (196 ) (563 ) Foreign exchange impact 58 235 Balance, March 31, 2021 $ 396 $ 1,741 Addition - 149 Interest accrual 15 72 Interest received or paid (15 ) (72 ) Principal repayment (217 ) (637 ) Foreign exchange impact 3 10 Balance, March 31, 2022 $ 182 $ 1,263 Less: current portion (182 ) (649 ) Non-current portion $ - $ 614
Shedule of Reconciliation of Company Undiscounted Cash Flows to Present Value	Lease Receivable Lease Obligation Within 1 year $ 186 $ 677 Between 2 to 5 years - 666 Total undiscounted amount 186 1,343 Less future interest (4 ) (80 ) Total discounted amount $ 182 $ 1,263 Less: current portion (182 ) (649 ) Non-current portion $ - $ 614

ENVIRONMENTAL REHABILITATION (T

ENVIRONMENTAL REHABILITATION (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of interest in funds [text block] [Abstract]
Schedule of Reconciliation of Obligations Associated Retirement Properties	Total Balance, April 1, 2020 $ 8,700 Reclamation expenditures (189 ) Unwinding of discount of environmental rehabilitation 251 Revision of provision (1,610 ) Foreign exchange impact 711 Balance, March 31, 2021 $ 7,863 Reclamation expenditures (467 ) Unwinding of discount of environmental rehabilitation 269 Revision of provision 812 Foreign exchange impact 262 Balance, March 31, 2022 $ 8,739

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of classes of share capital [text block] [Abstract]
Schedule of Information About Stock Options Outstanding	Number of shares Weighted average Balance, April 1, 2020 2,423,760 $ 3.00 Option granted 1,127,000 7.25 Options exercised (1,553,338 ) 3.02 Options cancelled (135,004 ) 4.52 Balance, March 31, 2021 1,862,418 $ 5.45 Options exercised (797,083 ) 2.98 Options cancelled (70,000 ) 7.46 Balance, March 31, 2022 995,335 $ 7.28
Schedule of Information About Stock Options Outstanding	Exercise price in Number of options Weighted average Weighted Number of options Weighted average CAD$ March 31,2022 (Years) price in CAD$ March 31, 2022 CAD$ $5.46 540,335 3.15 $5.46 264,335 $5.46 $9.45 455,000 3.62 $9.45 151,665 $9.45 $5.46 to $9.45 995,335 3.37 $7.28 416,000 $6.91
Schedule of Summary of RSUs	Number of shares Weighted average Balance, April 1, 2020 677,374 $ 4.94 Granted 1,021,500 6.68 Cancelled (77,166 ) 5.82 Distributed (372,372 ) 5.05 Balance, March 31, 2021 1,249,336 $ 6.28 Granted 1,000,000 6.40 Cancelled (46,999 ) 6.63 Distributed (566,172 ) 5.90 Balance, March 31, 2022 1,636,165 $ 6.47
Schedule of Earnings Per Share Basic and Diluted	For the years ended March 31, 2022 2021 Income Shares Per-Share Income Shares Per-Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income attributable to equity holders of the Company $ 30,634 $ 46,376 Basic earnings per share 30,634 176,534,501 $ 0.17 46,376 174,868,256 $ 0.27 Effect of dilutive securities: Stock options and RSUs 1,789,467 2,205,748 Diluted earnings per share $ 30,634 178,323,968 $ 0.17 $ 46,376 177,074,004 $ 0.26

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of analysis of other comprehensive income by item [text block] [Abstract]
Schedule of Accumulated Other Comprehensive loss	March 31, 2022 March 31, 2021 Change in fair value on equity investments designated as FVTOCI $ 23,043 $ 22,328 Share of other comprehensive loss in associate 494 589 Currency translation adjustment (21,584 ) (10,367 ) Balance, end of the year $ 1,953 $ 12,550

NON-CONTROLLING INTERESTS (Tabl

NON-CONTROLLING INTERESTS (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of non-controlling interests [Abstract]
Schedule of Non-controlling Interests	Henan Henan Yunxiang Guangdong New Infini Total Balance, April 1, 2020 $ 63,331 $ 4,702 $ 2,723 $ (466 ) $ - $ 70,290 Share of net income (loss) 13,210 639 219 88 (23 ) 14,133 Share of other comprehensive income 4,623 480 90 27 - 5,220 Acquisition of La Yesca - - - - 9,250 9,250 Contributions - - - - 2,500 2,500 Distributions (2,600 ) (639 ) - - - (3,239 ) Balance, March 31, 2021 $ 78,564 $ 5,182 $ 3,032 $ (351 ) $ 11,727 $ 98,154 Share of net income (loss) 12,639 182 (185 ) 154 (140 ) 12,650 Share of other comprehensive income 1,732 194 68 16 - 2,010 Distributions (3,266 ) (630 ) - - (1,200 ) (5,096 ) Balance, March 31, 2022 $ 89,669 $ 4,928 $ 2,915 $ (181 ) $ 10,387 $ 107,718

GOVERNMENT FEES AND OTHER TAX_2

GOVERNMENT FEES AND OTHER TAXES (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure Of Government Fees And Other Taxes Explanatory [Abstract]
Schedule of Government Fees and Other Taxes Consist	Year ended March 31, 2022 2021 Government fees $ 69 $ 63 Other taxes 2,574 2,311 $ 2,643 $ 2,374

GENERAL AND ADMINISTRATIVE (Tab

GENERAL AND ADMINISTRATIVE (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of general and administrative expense [text block] [Abstract]
Schedule of General and Administrative Expenses Consist	Year ended March 31, 2022 Year ended March 31, 2021 Corporate Mines Total Corporate Mines Total Amortization and depreciation $ 593 $ 1,354 $ 1,947 $ 533 $ 1,255 $ 1,788 Office and administrative expenses 1,598 3,149 4,747 1,946 2,897 4,843 Professional fees 771 428 1,199 783 442 1,225 Salaries and benefits 5,392 6,477 11,869 4,947 4,993 9,940 Share-based compensation 5,827 - 5,827 4,156 - 4,156 $ 14,181 $ 11,408 $ 25,589 $ 12,365 $ 9,587 $ 21,952

FINANCE ITEMS (Tables)

FINANCE ITEMS (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of finance income (cost) [text block] [Abstract]
Schedule of Finance Items Consist	Year ended March 31, Finance income 2022 2021 Interest income $ 5,019 $ 3,767 Dividend income 198 - $ 5,217 $ 3,767 Year ended March 31, Finance costs 2022 2021 Interest on lease obligation $ 72 $ 95 Impairment charges for expected credit loss against bond investments (Note 4) 10,560 1,376 (Gain) loss on disposal of bonds (191 ) 266 Unwinding of discount of environmental rehabilitation provision 269 251 $ 10,710 $ 1,988

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of income tax [text block] [Abstract]
Schedule of Income Tax Expense Recognized	Year ended March 31, Income tax expense 2022 2021 Current $ 8,760 $ 10,942 Deferred 5,028 2,052 $ 13,788 $ 12,994
Schedule of Reconciliation of Effective Statutory Income Tax Rates	Years ended March, 31 2022 2021 Canadian statutory tax rate 27.00 % 27.00 % Income before income taxes $ 57,072 $ 73,503 Income tax expense computed at Canadian statutory rates 15,409 19,846 Foreign tax rates different from statutory rate (3,398 ) (7,172 ) Permanent items 635 2,567 Withholding taxes 1,428 1,191 Change in unrecognized deferred tax assets (286 ) (3,438 ) Income tax expense $ 13,788 $ 12,994
Schedule of Deferred Income Tax Assets (liabilities)	Years ended March, 31 2022 2021 Net deferred income tax liabilities, beginning of the year $ (40,792 ) $ (35,758 ) Deferred income tax expense recognized in net income for the year (5,028 ) (2,052 ) Deferred income tax expense recognized in other comprehensive income for the year 122 - Foreign exchange impact (1,430 ) (2,982 ) Net deferred income tax liabilities, end of the year $ (47,128 ) $ (40,792 )
Schedule of Deferred Income Tax	March 31, 2022 March 31, 2021 Deferred income tax assets Plant and equipment $ 2,230 $ 1,706 Environmental rehabilitation 2,021 1,716 Unrealized loss on investments 122 - Other deductible temporary difference 133 655 Total deferred income tax assets 4,506 4,077 Deferred income tax liabilities Plant and equipment (2,024 ) (1,488 ) Mineral rights and properties (49,386 ) (43,105 ) Unrealized gain on investments - - Other taxable temporary difference (224 ) (276 ) Total deferred income tax liabilities (51,634 ) (44,869 ) Net deferred income tax liabilities (47,128 ) (40,792 ) Of which -Deferred tax assets 905 - -Deferred tax liabilities $ (48,033 ) $ (40,792 )
Schedule of Temporary Differences and Unused Tax Losses	March 31, 2022 March 31, 2021 Non-capital loss carry forward $ 69,341 $ 62,764 Plant and equipment 2,331 10,813 Mineral rights and properties 2,006 1,972 Other deductible temporary difference 21,088 21,669 $ 94,766 $ 97,218
Schedule of Net Operating Losses Expiring in Various Years	Canada China Total 2023 $ - $ 1,105 $ 1,105 2024 - 1,322 1,322 2025 - 902 902 2026 - 267 267 2027 - 1,308 1,308 2030 1,175 - 1,175 2031 6,820 - 6,820 2032 9,893 - 9,893 2033 10,181 - 10,181 2034 8,001 - 8,001 2035 7,266 - 7,266 2036 54 - 54 2037 585 - 585 2038 2,555 - 2,555 2039 4,719 - 4,719 2040 2,155 - 2,155 2041 4,281 - 4,281 2042 6,752 - 6,752 $ 64,437 $ 4,904 $ 69,341

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of related party [text block] [Abstract]
Schedule of due from related parties	March 31, 2022 March 31, 2021 NUAG (i) $ 43 $ 59 WHG (ii ) 23 19 Henan Non-ferrous (iii) - 769 $ 66 $ 847 i. The Company recovers costs for services rendered to NUAG and expenses incurred on behalf of NUAG pursuant to a services and administrative costs reallocation agreement. During the year ended March 31, 2022, the Company recovered $0.7 million (year ended March 31, 2021 - $0.6 million), from NUAG for services rendered and expenses incurred on behalf of NUAG. The costs recovered from NUAG were recorded as a direct reduction of general and administrative expenses on the consolidated statements of income. ii. The Company recovers costs for services rendered to WHG and expenses incurred on behalf of WHG pursuant to a services and administrative costs reallocation agreement. During the year ended March 31, 2022, the Company recovered $0.2 million (year ended March 31, 2021 - $0.1 million) from WHG for services rendered and expenses incurred on behalf of WHG. The costs recovered from WHG were recorded as a direct reduction of general and administrative expenses on the consolidated statements of income. iii. In January 2021, Henan Found advanced a loan of $0.8 million (RMB¥5 million) to Henan Non-ferrous. The loan bears an interest rate of 4.35% per annum. In January 2022, the loan, including accumulated interest, of $0.8 million (RMB¥5.2 million) was repaid in full.
Schedule of compensation of key management personnel	Years Ended March 31, 2022 2021 Cash compensation 3,246 3,252 Share-based compensation 3,179 2,814 $ 6,425 $ 6,066

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of financial instruments [text block] [Abstract]
Schedule of Financial Assets Measured at Fair Value Level On Recurring Basis	Fair value as at March 31, 2022 Recurring measurements Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 113,302 $ - $ - $ 113,302 Short-term investments - money market instruments 90,455 - - 90,455 Investments in public companies 13,916 - - 13,916 Investments in private companies - - 3,852 3,852 Fair value as at March 31, 2021 Recurring measurements Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 118,735 $ - $ - $ 118,735 Short-term investments - money market instruments 64,545 - - 64,545 Investments in public companies 13,444 - - 13,444 Investments in private companies - - 2,289 2,289
Schedule of Remaining Contractual Maturities of Financial Liabilities	March 31, 2022 March 31, 2021 Within a year 2-5 years Total Total Accounts payable and accrued liabilities $ 39,667 $ - $ 39,667 $ 30,298 Lease obligation 677 666 1,343 1,741 $ 40,344 $ 666 $ 41,010 $ 32,039
Schedule of Currency Risk Affect Net Income	March 31, 2022 March 31, 2021 Financial assets denominated in U.S. Dollars $ 59,272 $ 58,610 Financial liabilities denominated in U.S. Dollars $ - $ 52

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Mar. 31, 2022
Segmented Information [Abstract]
Schedule of Segment Information for Assets and Liabilities	March 31, 2022 Mining Administrative Henan Statement of financial position items: Luoning Hunan Guangdong Other Beijing Vancouver Total Current assets $ 141,376 $ 870 $ 14,919 $ 1,566 $ 8,570 $ 65,007 $ 232,308 Plant and equipment 58,189 3,708 15,282 163 864 1,212 79,418 Mineral rights and properties 254,071 7,571 32,091 32,715 - - 326,448 Investment in an associate - - - - - 56,841 56,841 Other investments 72 - - - - 17,696 17,768 Reclamation deposits 3,996 - 4,872 - - 8 8,876 Long-term prepaids and deposits 588 104 282 - - - 974 Deferred income tax assets - - 905 - - - 905 Total assets $ 458,292 $ 12,253 $ 68,351 $ 34,444 $ 9,434 $ 140,764 $ 723,538 Current liabilities $ 37,161 $ 545 $ 5,155 $ 2 $ 295 $ 2,880 $ 46,038 Long-term portion of lease obligation - - - - - 614 614 Deferred income tax liabilities 46,849 1,184 - - - - 48,033 Environmental rehabilitation 6,053 1,044 1,642 - - - 8,739 Total liabilities $ 90,063 $ 2,773 $ 6,797 $ 2 $ 295 $ 3,494 $ 103,424 March 31, 2021 Mining Administrative Henan Statement of financial position items: Luoning Hunan Guangdong Other Beijing Vancouver Total Current assets $ 124,636 $ 909 $ 11,177 $ 191 $ 4,322 $ 79,954 $ 221,189 Plant and equipment 53,651 3,833 15,765 59 965 1,456 75,729 Mineral rights and properties 225,023 7,345 28,314 16,747 - - 277,429 Investment in an associate - - - - - 53,457 53,457 Other investments 2,289 - - - - 13,444 15,733 Reclamation deposits 3,898 - 4,607 - - 8 8,513 Long-term prepaids and deposits 221 101 87 - - - 409 Long-term portion of lease receivable - - - - - 183 183 Total assets $ 409,718 $ 12,188 $ 59,950 $ 16,997 $ 5,287 $ 148,502 $ 652,642 Current liabilities $ 28,654 $ 625 $ 4,570 $ - $ 112 $ 3,214 $ 37,175 Long-term portion of lease obligation - - - - - 1,084 1,084 Deferred income tax liabilities 39,756 1,036 - - - - 40,792 Environmental rehabilitation 6,115 993 755 - - - 7,863 Total liabilities $ 74,525 $ 2,654 $ 5,325 $ - $ 112 $ 4,298 $ 86,914
Schedule of Segment Information for Operating Results	Year ended March 31, 2022 Mining Administrative Henan Statement of income: Luoning Hunan Guangdong Other Beijing Vancouver Total Revenue $ 176,751 $ - $ 41,172 $ - $ - $ - $ 217,923 Costs of mine operations (106,706 ) (530 ) (26,345 ) (41 ) - - (133,622 ) Income from mine operations 70,045 (530 ) 14,827 (41 ) - - 84,301 Operating (expenses) income (1,367 ) 146 59 (143 ) (2,109 ) (18,322 ) (21,736 ) Finance items, net 2,862 (35 ) 374 1 255 (8,950 ) (5,493 ) Income tax expenses (12,612 ) (112 ) 364 - - (1,428 ) (13,788 ) Net income (loss) $ 58,928 $ (531 ) $ 15,624 $ (183 ) $ (1,854 ) $ (28,700 ) $ 43,284 Attributable to: Equity holders of the Company 46,099 (346 ) 15,470 (77 ) (1,854 ) (28,658 ) 30,634 Non-controlling interests 12,829 (185 ) 154 (106 ) - (42 ) 12,650 Net income (loss) $ 58,928 $ (531 ) $ 15,624 $ (183 ) $ (1,854 ) $ (28,700 ) $ 43,284 (1) Hunan’s BYP project was placed on care and maintenance in August 2014. Year ended March 31, 2021 Mining Administrative Henan Statement of income: Luoning Hunan Guangdong Other Beijing Vancouver Total Revenue $ 157,297 $ 1,553 $ 33,255 $ - $ - $ - $ 192,105 Costs of mine operations (83,090 ) (1,356 ) (23,497 ) - - - (107,943 ) Income from mine operations 74,207 197 9,758 - - - 84,162 Operating expenses (1,848 ) 576 9 (6 ) (1,012 ) (10,157 ) (12,438 ) Finance items, net 1,788 (29 ) 145 - 118 (243 ) 1,779 Income tax expenses (10,876 ) 41 (960 ) - (8 ) (1,191 ) (12,994 ) Net income (loss) $ 63,271 $ 785 $ 8,952 $ (6 ) $ (902 ) $ (11,591 ) $ 60,509 Attributable to: Equity holders of the Company 49,422 566 8,864 (3 ) (902 ) (11,571 ) 46,376 Non-controlling interests 13,849 219 88 (3 ) - (20 ) 14,133 Net income (loss) $ 63,271 $ 785 $ 8,952 $ (6 ) $ (902 ) $ (11,591 ) $ 60,509
Schedule of Sales by Metal	Year ended March 31, 2022 Henan Luoning Hunan Guangdong Total Silver (Ag) $ 111,835 $ - $ 9,438 $ 121,273 Gold (Au) 5,083 - - 5,083 Lead (Pb) 48,504 - 8,586 57,090 Zinc (Zn) 7,489 - 21,353 28,842 Other 3,840 - 1,795 5,635 $ 176,751 $ - $ 41,172 $ 217,923 Year ended March 31, 2021 Henan Luoning Hunan Guangdong Total Silver (Ag) 102,100 $ - $ 9,091 $ 111,191 Gold (Au) 5,169 1,553 - 6,722 Lead (Pb) 42,836 - 7,628 50,464 Zinc (Zn) 5,898 - 15,895 21,793 Other 1,294 - 641 1,935 $ 157,297 $ 1,553 $ 33,255 $ 192,105

SUPPLEMENTARY CASH FLOW INFOR_2

SUPPLEMENTARY CASH FLOW INFORMATION (Tables)	12 Months Ended
	Mar. 31, 2022
Disclosure of cash flow statement [text block] [Abstract]
Schedule of Change in Non-cash Operating Working Capital	Changes in non-cash operating working capital: Year Ended March 31, 2022 2021 Trade and other receivables $ (2,101 ) $ (470 ) Inventories 753 (859 ) Prepaids and deposits (650 ) (1,133 ) Accounts payable and accrued liabilities 8,014 4,158 Deposits received 422 1,352 Due from a related party (14 ) 27 $ 6,424 $ 3,075
Schedule of Cash and Cash Equivalents	March 31, 2022 March 31, 2021 Cash on hand and at bank $ 72,782 $ 111,191 Bank term deposits and short-term money market investments 40,520 7,544 Total cash and cash equivalents $ 113,302 $ 118,735

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details)	Mar. 31, 2022	Oct. 31, 2021
SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Percentage of voting rights		100%
Bottom of Range [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Percentage of voting rights	20%
Top of Range [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Percentage of voting rights	50%
New Infini [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Percentage of voting rights	46.10%

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Subsidiary One [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Silvercorp Metals China Inc.
Principal activity	Holding company
Country of incorporation	Canada
Proportion of ownership interest held	100%	100%
Subsidiary Two [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Silvercorp Metals (China) Inc.
Principal activity	Holding company
Country of incorporation	China
Proportion of ownership interest held	100%	100%
Subsidiary Three [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	0875786 B.C. LTD.
Principal activity	Holding company
Country of incorporation	Canada
Proportion of ownership interest held	100%	100%
Subsidiary Four [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Fortune Mining Limited
Principal activity	Holding company
Country of incorporation	BVI (i)
Proportion of ownership interest held	100%	100%
Subsidiary Five [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Fortune Copper Limited
Principal activity	Holding company
Country of incorporation	BVI
Proportion of ownership interest held	100%	100%
Subsidiary Six [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Fortune Gold Mining Limited
Principal activity	Holding company
Country of incorporation	BVI
Proportion of ownership interest held	100%	100%
Subsidiary Seven [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Victor Resources Ltd.
Principal activity	Holding company
Country of incorporation	BVI
Proportion of ownership interest held	100%	100%
Subsidiary Eight [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Yangtze Mining Ltd.
Principal activity	Holding company
Country of incorporation	BVI
Proportion of ownership interest held	100%	100%
Subsidiary Nine [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Victor Mining Ltd.
Principal activity	Holding company
Country of incorporation	BVI
Proportion of ownership interest held	100%	100%
Subsidiary Ten [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Yangtze Mining (H.K.) Ltd.
Principal activity	Holding company
Country of incorporation	Hong Kong
Proportion of ownership interest held	100%	100%
Subsidiary Eleven [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Fortune Gold Mining (H.K.) Limited
Principal activity	Holding company
Country of incorporation	Hong Kong
Proportion of ownership interest held	100%	100%
Subsidiary Twelve [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Wonder Success Limited
Principal activity	Holding company
Country of incorporation	Hong Kong
Proportion of ownership interest held	100%	100%
Subsidiary Thirteen [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	New Infini Silver Inc. (“New Infini”)
Principal activity	Holding company
Country of incorporation	Canada
Proportion of ownership interest held	46.10%	43.80%
Subsidiary Fourteen [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Infini Metals Inc.
Principal activity	Holding company
Country of incorporation	BVI
Proportion of ownership interest held	46.10%	43.80%
Subsidiary Fifteen [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Infini Resources (Asia) Co. Ltd.
Principal activity	Holding company
Country of incorporation	Hong Kong
Proportion of ownership interest held	46.10%	43.80%
Subsidiary Sixteen [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Golden Land (Asia) Ltd.
Principal activity	Holding company
Country of incorporation	Hong Kong
Proportion of ownership interest held	46.10%	43.80%
Subsidiary Seventeen [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Henan Huawei Mining Co. Ltd. (“Henan Huawei”)
Principal activity	Mining
Country of incorporation	China
Proportion of ownership interest held	80%	80%
Mineral properties	Ying Mining District
Subsidiary Eighteen [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Henan Found Mining Co. Ltd. (“Henan Found”)
Principal activity	Mining
Country of incorporation	China
Proportion of ownership interest held	77.50%	77.50%
Subsidiary Nineteen [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Xinshao Yunxiang Mining Co., Ltd. (“Yunxiang”)
Principal activity	Mining
Country of incorporation	China
Proportion of ownership interest held	70%	70%
Mineral properties	BYP
Subsidiary Twenty [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Guangdong Found Mining Co. Ltd. (“Guangdong Found”)
Principal activity	Mining
Country of incorporation	China
Proportion of ownership interest held	99%	99%
Mineral properties	GC
Subsidiary Twenty One [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Infini Resources S.A. de C.V.
Principal activity	Mining
Country of incorporation	Mexico
Proportion of ownership interest held	46.10%	43.80%
Mineral properties	La Yesca
Subsidiary Twenty Two [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Significant Subsidiaries [Line Items]
Name of subsidiaries	Shanxi Xinbaoyuan Mining Co., Ltd. (“Xinbaoyuan”)
Principal activity	Mining
Country of incorporation	China
Proportion of ownership interest held	77.50%	0%
Mineral properties	Kuanping

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Associate	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Associates [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Associate [Line Items]
Name of associate	New Pacific Metals Corp. (“NUAG”)
Principal activity	Mining
Country of incorporation	Canada
Proportion of ownership interest held	28.20%	28.60%
Associates One [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Details of Company's Associate [Line Items]
Name of associate	Whitehorse Gold Corp. (“WHG”)
Principal activity	Mining
Country of incorporation	Canada
Proportion of ownership interest held	29.30%	27%

SIGNIFICANT ACCOUNTING POLICI_6

SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives	12 Months Ended
	Mar. 31, 2022
Buildings [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	20 years
Office equipment [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	5 years
Machinery [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	5-10 years
Motor vehicles [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	5 years
Land use rights [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	50 years
Leasehold improvements [Member]
SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	5 years

ACQUISITION (Details)

ACQUISITION (Details) $ / shares in Units, ¥ in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Dec. 17, 2020 USD ($) $ / shares	Mar. 31, 2022 USD ($)	Nov. 30, 2021 USD ($)	Nov. 30, 2021 CNY (¥)	Oct. 31, 2021
ACQUISITION (Details) [Line Items]
Percentage of interest acquired					100%
Total consideration			$ 13.1
Cash consideration			11.4	¥ 73.5
Debt			2	¥ 13.3
Net cash received			$ 0.3
Description of acquisition		The Kuanping Project is located in Shanzhou District, Sanmenxia City, Henan Province, China, approximately 33 km north of the Ying Mining District. The Kuanping Project covers an area of 12.39 km², being approximately 3 km wide (east-west) and 5 km long (north-south).
Assets acquired and liabilities assumed		$ 13.1
Bottom of Range [Member]
ACQUISITION (Details) [Line Items]
Percentage of interest acquired		20%
Kuanping Silver-Lead-zinc-Gold Project [Member]
ACQUISITION (Details) [Line Items]
Percentage of interest acquired					100%
Shanxian Xinbaoyuan Mining Co. Ltd. [Member]
ACQUISITION (Details) [Line Items]
Percentage of interest acquired					100%
La Yesca [Member]
ACQUISITION (Details) [Line Items]
Percentage of interest acquired	100%
Cash consideration	$ 8.3
Description of acquisition	La Yesca is a silver-polymetallic, epithermal-type project located approximately 100 kilometres (“km”) (185 km by road) northwest of Guadalajara, the second-largest city in Mexico. The concessions comprising La Yesca cover an area of approximately 47.7 km2. In total, 7,649 metres from 25 drill holes have previously been completed, all of which intersected mineralization.
Percentage transfer of issued and outstanding shares of New Infini	45%
Discovery payment	$ 30
Price per ounce (in Dollars per share) | $ / shares	$ 0.2
La Yesca [Member] | Bottom of Range [Member]
ACQUISITION (Details) [Line Items]
Cash consideration	$ 1
La Yesca [Member] | Through capital injection to New Infini [Member]
ACQUISITION (Details) [Line Items]
Cash consideration	$ 7.6
Percentage of hold of issued and outstanding shares	45%
La Yesca [Member] | Directors, officers, employees and consultants [Member] | Through capital injection to New Infini [Member]
ACQUISITION (Details) [Line Items]
Cash consideration	$ 1.7
Percentage of hold of issued and outstanding shares	10%

SHORT-TERM INVESTMENTS (Details

SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disclosure Of Short Term Investments Explanatory [Abstract]
Impairment charges	$ 10.6	$ 1.4
Bond investments	$ 1.8	$ 0.1

SHORT-TERM INVESTMENTS (Detai_2

SHORT-TERM INVESTMENTS (Details) - Schedule of Short-term Investments - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
SHORT-TERM INVESTMENTS (Details) - Schedule of Short-term Investments [Line Items]
Carrying value	$ 99,623	$ 80,357
Bonds [Member]
SHORT-TERM INVESTMENTS (Details) - Schedule of Short-term Investments [Line Items]
Carrying value	$ 9,168	$ 15,812
Maturity	April 9, 2022 - January 16, 2025	January 10, 2022 - September 3, 2024
Money market instruments [Member]
SHORT-TERM INVESTMENTS (Details) - Schedule of Short-term Investments [Line Items]
Carrying value	$ 90,455	$ 64,545
Bottom of Range [Member] | Bonds [Member]
SHORT-TERM INVESTMENTS (Details) - Schedule of Short-term Investments [Line Items]
Interest rates	5.50%	5.38%
Top of Range [Member] | Bonds [Member]
SHORT-TERM INVESTMENTS (Details) - Schedule of Short-term Investments [Line Items]
Interest rates	13%	13%

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Classes of current inventories [abstract]
Amount of inventories recognized as expense	$ 113.6	$ 91

INVENTORIES (Details) - Schedul

INVENTORIES (Details) - Schedule of Inventories - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Schedule of Inventories [Abstract]
Concentrate inventory	$ 3,199	$ 4,536
Stockpile	1,715	1,916
Material and supplies	4,210	3,316
Total inventories	$ 9,124	$ 9,768

OTHER INVESTMENTS (Details) - S

OTHER INVESTMENTS (Details) - Schedule of Equity Investments Designated - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Equity investments designated as FVTOCI
Equity investments designated as FVTOCI	$ 2,454	$ 5,255
Equity investments designated as FVTPL
Equity investments designated as FVTPL	15,314	10,478
Total	17,768	15,733
Public companies [Member]
Equity investments designated as FVTOCI
Equity investments designated as FVTOCI	2,383	2,966
Equity investments designated as FVTPL
Equity investments designated as FVTPL	11,533	10,478
Private companies [Member]
Equity investments designated as FVTOCI
Equity investments designated as FVTOCI	71	2,289
Equity investments designated as FVTPL
Equity investments designated as FVTPL	$ 3,781

OTHER INVESTMENTS (Details) -_2

OTHER INVESTMENTS (Details) - Schedule of Continuity of Investments - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
At fair value [Member]
OTHER INVESTMENTS (Details) - Schedule of Continuity of Investments [Line Items]
Beginning	$ 15,733	$ 8,750
Gain (Loss) on equity investments designated as FVTOCI	(1,526)	12,069
Gain (Loss) on equity investments designated as FVTPL	(3,485)	7,188
Acquisition	8,235	12,708
Disposal	(1,362)	(19,301)
Reclassified to short-term investments		(7,511)
Impact of foreign currency translation	173	1,830
Ending	17,768	15,733
Accumulated fair value change included in OCI [Member]
OTHER INVESTMENTS (Details) - Schedule of Continuity of Investments [Line Items]
Beginning	(22,810)	(34,879)
Gain (Loss) on equity investments designated as FVTOCI	(1,526)	12,069
Gain (Loss) on equity investments designated as FVTPL
Acquisition
Disposal
Reclassified to short-term investments
Impact of foreign currency translation
Ending	(24,336)	(22,810)
Accumulated fair value change included in P&L [Member]
OTHER INVESTMENTS (Details) - Schedule of Continuity of Investments [Line Items]
Beginning	7,188
Gain (Loss) on equity investments designated as FVTOCI
Gain (Loss) on equity investments designated as FVTPL	(3,485)	7,188
Acquisition
Disposal
Reclassified to short-term investments
Impact of foreign currency translation
Ending	3,703	7,188
Equity Investment designated as FVTOCI [Member]
OTHER INVESTMENTS (Details) - Schedule of Continuity of Investments [Line Items]
Beginning	5,255	8,750
Gain (Loss) on equity investments designated as FVTOCI	(1,526)	12,551
Gain (Loss) on equity investments designated as FVTPL
Acquisition
Disposal	(1,362)	(16,607)
Impact of foreign currency translation	87	561
Ending	2,454	5,255
Equity Investment designated as FVTPL [Member]
OTHER INVESTMENTS (Details) - Schedule of Continuity of Investments [Line Items]
Beginning	10,478
Gain (Loss) on equity investments designated as FVTOCI
Gain (Loss) on equity investments designated as FVTPL	(3,485)	7,732
Acquisition	8,235	12,708
Disposal		(10,742)
Impact of foreign currency translation	86	780
Ending	$ 15,314	$ 10,478

INVESTMENT IN ASSOCIATES (Detai

INVESTMENT IN ASSOCIATES (Details) $ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2020	Mar. 31, 2022 USD ($) $ / shares shares	Mar. 31, 2021	May 14, 2021 USD ($)
New Pacific Metals Corp ("NUAG") [Member]
INVESTMENT IN ASSOCIATES (Details) [Line Items]
Shares purchased		44,042,216	43,917,216
Shares purchased, value (in Dollars)		$ 0.2
Additional shares purchased (in Shares) | shares		48,500
Investment percentage		100%
Proportion of ownership interest held		28.20%	28.60%
New Pacific Metals Corp ("NUAG") [Member] | Common Stock [Member]
INVESTMENT IN ASSOCIATES (Details) [Line Items]
Shares purchased		125,000
Shares purchased, value (in Dollars)		$ 0.4
WHG owns in Skukum Gold Project [Member]
INVESTMENT IN ASSOCIATES (Details) [Line Items]
Investment percentage	100%	100%
Whitehorse Gold Corp WHG [Member]
INVESTMENT IN ASSOCIATES (Details) [Line Items]
Shares purchased		15,514,285	11,514,285	4,000,000
Shares purchased, value (in Dollars)				$ 5
Proportion of ownership interest held		29.30%	27%
Warrant exercise price (in Dollars per share) | $ / shares		$ 2
Warrant expiration date		May 14, 2026

INVESTMENT IN ASSOCIATES (Det_2

INVESTMENT IN ASSOCIATES (Details) - Schedule of Investment in Common Shares and Market Value as Balance Sheet Dates - USD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
New Pacific Metals Corp ("NUAG") [Member]
INVESTMENT IN ASSOCIATES (Details) - Schedule of Investment in Common Shares and Market Value as Balance Sheet Dates [Line Items]
Balance (in Shares)		43,917,216	42,596,506
Balance		$ 50,399	$ 44,555
Value of Common shares per quoted market price, Begining		$ 181,257	$ 148,624
Participation in public offering (in Shares)			1,320,710
Participation in public offering			$ 5,805
WHG Spin-out			(1,793)
Purchase from open market (in Shares)		125,000
Purchase from open market		$ 352
Share of net loss	[1]	(1,715)	(1,672)
Share of other comprehensive income (loss)		95	(2,324)
Foreign exchange impact		$ 306	$ 5,828
Balance (in Shares)		44,042,216	43,917,216
Balance		$ 49,437	$ 50,399
Value of Common shares per quoted market price, Ending		$ 140,275	$ 181,257
Whitehorse Gold Corp WHG [Member]
INVESTMENT IN ASSOCIATES (Details) - Schedule of Investment in Common Shares and Market Value as Balance Sheet Dates [Line Items]
Balance (in Shares)		11,514,285
Balance		$ 3,058
Value of Common shares per quoted market price, Begining		$ 15,108
Distributed by NUAG through WHG spin-out (in Shares)			5,740,285
Distributed by NUAG through WHG spin-out			$ 1,793
Participation in private placement (in Shares)		4,000,000	5,774,000
Participation in private placement		$ 4,960	$ 1,326
Share of net loss	[2]	(473)	(174)
Foreign exchange impact		$ (141)	$ 113
Balance (in Shares)		15,514,285	11,514,285
Balance		$ 7,404	$ 3,058
Value of Common shares per quoted market price, Ending		$ 6,208	$ 15,108
[1]NUAG’s fiscal year-end is on June 30. NUAG’s quarterly financial results were used to compile the financial information that matched with the Company’s year-end on March 31.[2]WHG’s fiscal year-end is on December 31. WHG’s quarterly financial results were used to compile the financial information that matched with the Company’s year-end on March 31.

INVESTMENT IN ASSOCIATES (Det_3

INVESTMENT IN ASSOCIATES (Details) - Schedule of Financial Information for Investment - USD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
New Pacific Metals Corp ("NUAG") [Member]
INVESTMENT IN ASSOCIATES (Details) - Schedule of Financial Information for Investment [Line Items]
Net loss attributable to shareholders as reported	[1]	$ (6,055)	$ 3,029
Adjustments to remove impairment charges recognized by NUAG	[1]		(8,862)
Net loss of qualified for pick-up	[1]	(6,055)	(5,833)
Other comprehensive income (loss) attributable to NUAG’s shareholders as reported by NUAG	[1]	334	(8,079)
Comprehensive income (loss) of NUAG qualified for pick-up	[1]	(5,721)	(13,912)
Company’s share of net loss	[1]	(1,715)	(1,672)
Company’s share of other comprehensive income (loss)	[1]	95	(2,324)
Company’s share of comprehensive income	[1]	(1,620)	(3,996)
Whitehorse Gold Corp WHG [Member]
INVESTMENT IN ASSOCIATES (Details) - Schedule of Financial Information for Investment [Line Items]
Net loss attributable to shareholders as reported	[2]	(1,607)	(856)
Adjustments to exclude WHG’s net loss before spin-out	[2]		211
Net loss of qualified for pick-up	[2]	(1,607)	(645)
Company’s share of net loss	[2]	$ (473)	$ (174)
[1]NUAG’s fiscal year-end is on June 30. NUAG’s quarterly financial results were used to compile the financial information that matched with the Company’s year-end on March 31.[2]WHG’s fiscal year-end is on December 31. WHG’s quarterly financial results were used to compile the financial information that matched with the Company’s year-end on March 31.

INVESTMENT IN ASSOCIATES (Det_4

INVESTMENT IN ASSOCIATES (Details) - Schedule of Consolidated Financial Statements - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
New Pacific Metals Corp ("NUAG") [Member]
INVESTMENT IN ASSOCIATES (Details) - Schedule of Consolidated Financial Statements [Line Items]
Current assets	$ 37,075	$ 48,511
Non-current assets	88,171	78,164
Total assets	125,246	126,675
Current liabilities	2,353	811
Total liabilities	2,353	811
Net assets	122,893	125,864
Non-controlling interests	(24)	(50)
Total equity attributable to equity holders of NUAG	122,917	125,914
Company’s share of net assets of associate	34,670	35,932
Whitehorse Gold Corp WHG [Member]
INVESTMENT IN ASSOCIATES (Details) - Schedule of Consolidated Financial Statements [Line Items]
Current assets	3,068	823
Non-current assets	19,159	10,862
Total assets	22,227	11,685
Current liabilities	575	237
Long-term liabilities	5
Total liabilities	580	237
Net assets	21,647	11,448
Company’s share of net assets of associate	$ 6,341	$ 3,090

PLANT AND EQUIPMENT (Details)

PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Proceeds on disposals	$ 74	$ 51
Loss on disposal of plant and equipment	$ 210	$ 293

PLANT AND EQUIPMENT (Details) -

PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cost [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	$ 159,764	$ 138,816
Additions	9,565	10,411
Disposals	(1,145)	(1,226)
Reclassification of asset groups
Impact of foreign currency translation	5,367	11,763
Balance at end of year	173,551	159,764
Accumulated depreciation [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	(84,035)	(72,094)
Disposals	861	882
Depreciation and amortization	(8,110)	(6,676)
Impact of foreign currency translation	(2,849)	(6,147)
Balance at end of year	(94,133)	(84,035)
Carrying amounts [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	75,729
Balance at end of year	79,418	75,729
Land and buildings [Member] | Cost [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	110,151	96,454
Additions	1,613	182
Disposals	(293)	(205)
Reclassification of asset groups	2,100	5,579
Impact of foreign currency translation	3,676	8,141
Balance at end of year	117,247	110,151
Land and buildings [Member] | Accumulated depreciation [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	(51,570)	(43,987)
Disposals	158	90
Depreciation and amortization	(4,422)	(3,921)
Impact of foreign currency translation	(1,750)	(3,752)
Balance at end of year	(57,584)	(51,570)
Land and buildings [Member] | Carrying amounts [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	58,581
Balance at end of year	59,663	58,581
Office equipment [Member] | Cost [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	9,660	8,010
Additions	967	864
Disposals	(68)	(250)
Reclassification of asset groups	154	325
Impact of foreign currency translation	296	711
Balance at end of year	11,009	9,660
Office equipment [Member] | Accumulated depreciation [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	(6,246)	(5,375)
Disposals	64	228
Depreciation and amortization	(867)	(630)
Impact of foreign currency translation	(183)	(469)
Balance at end of year	(7,232)	(6,246)
Office equipment [Member] | Carrying amounts [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	3,414
Balance at end of year	3,777	3,414
Machinery [Member] | Cost [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	31,074	25,800
Additions	2,575	1,117
Disposals	(539)	(291)
Reclassification of asset groups	191	2,221
Impact of foreign currency translation	1,078	2,227
Balance at end of year	34,379	31,074
Machinery [Member] | Accumulated depreciation [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	(21,171)	(18,168)
Disposals	419	176
Depreciation and amortization	(2,172)	(1,629)
Impact of foreign currency translation	(741)	(1,550)
Balance at end of year	(23,665)	(21,171)
Machinery [Member] | Carrying amounts [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	9,903
Balance at end of year	10,714	9,903
Motor vehicles [Member] | Cost [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	7,537	6,416
Additions	763	1,059
Disposals	(245)	(480)
Reclassification of asset groups
Impact of foreign currency translation	258	542
Balance at end of year	8,313	7,537
Motor vehicles [Member] | Accumulated depreciation [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	(5,048)	(4,564)
Disposals	220	388
Depreciation and amortization	(649)	(496)
Impact of foreign currency translation	(175)	(376)
Balance at end of year	(5,652)	(5,048)
Motor vehicles [Member] | Carrying amounts [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	2,489
Balance at end of year	2,661	2,489
Construction in progress [Member] | Cost [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	1,342	2,136
Additions	3,647	7,189
Disposals
Reclassification of asset groups	(2,445)	(8,125)
Impact of foreign currency translation	59	142
Balance at end of year	2,603	1,342
Construction in progress [Member] | Accumulated depreciation [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year
Disposals
Depreciation and amortization
Impact of foreign currency translation
Balance at end of year
Construction in progress [Member] | Carrying amounts [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Property and Equipment and Related Accumulated Depreciation [Line Items]
Balance at beginning year	1,342
Balance at end of year	$ 2,603	$ 1,342

PLANT AND EQUIPMENT (Details)_2

PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	$ 79,418	$ 75,729
Ying Mining District [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	58,195	53,651
BYP [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	3,708	3,833
GC [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	15,282	15,765
Other [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	2,233	2,480
Land and buildings [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	59,663	58,581
Land and buildings [Member] | Ying Mining District [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	42,953	41,177
Land and buildings [Member] | BYP [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	2,965	3,047
Land and buildings [Member] | GC [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	12,027	12,369
Land and buildings [Member] | Other [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	1,718	1,988
Office equipment [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	3,777	3,414
Office equipment [Member] | Ying Mining District [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	2,979	2,647
Office equipment [Member] | BYP [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	16	20
Office equipment [Member] | GC [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	516	448
Office equipment [Member] | Other [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	266	299
Machinery [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	10,714	9,903
Machinery [Member] | Ying Mining District [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	8,225	7,114
Machinery [Member] | BYP [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	155	213
Machinery [Member] | GC [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	2,276	2,576
Machinery [Member] | Other [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	58
Motor vehicles [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	2,661	2,489
Motor vehicles [Member] | Ying Mining District [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	2,127	1,917
Motor vehicles [Member] | BYP [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	20	20
Motor vehicles [Member] | GC [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	323	359
Motor vehicles [Member] | Other [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	191	193
Construction in progress [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	2,603	1,342
Construction in progress [Member] | Ying Mining District [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	1,911	796
Construction in progress [Member] | BYP [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	552	533
Construction in progress [Member] | GC [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment	140	13
Construction in progress [Member] | Other [Member]
PLANT AND EQUIPMENT (Details) - Schedule of Composition of Carrying Amounts [Line Items]
Plant and equipment

MINERAL RIGHTS AND PROPERTIES_2

MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cost [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	$ 545,151	$ 460,183
Capitalized expenditures	44,426	35,145
Acquisition (Note 3)	13,135	16,660
Environmental rehabilitation	812	(1,610)
Derecognition	(185)
Foreign currency translation impact	16,709	34,773
Balance at end of year	620,048	545,151
Impairment and accumulated depletion [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	(267,722)	(235,597)
Depletion	(18,569)	(16,340)
Derecognition	185
Foreign currency translation impact	(7,494)	(15,785)
Balance at end of year	(293,600)	(267,722)
Carrying amounts [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	277,429
Balance at end of year	326,448	277,429
Producing and development properties YMD [Member] | Cost [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	348,000	293,136
Capitalized expenditures	37,307	31,138
Acquisition (Note 3)
Environmental rehabilitation	(68)	(1,268)
Derecognition
Foreign currency translation impact	12,096	24,994
Balance at end of year	397,335	348,000
Producing and development properties YMD [Member] | Impairment and accumulated depletion [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	(122,977)	(100,390)
Depletion	(15,974)	(13,921)
Derecognition
Foreign currency translation impact	(4,313)	(8,666)
Balance at end of year	(143,264)	(122,977)
Producing and development properties YMD [Member] | Carrying amounts [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	225,023
Balance at end of year	254,071	225,023
Producing and development properties BYP [Member] | Cost [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	64,609	63,572
Capitalized expenditures		30
Acquisition (Note 3)
Environmental rehabilitation	(18)	(135)
Derecognition
Foreign currency translation impact	501	1,142
Balance at end of year	65,092	64,609
Producing and development properties BYP [Member] | Impairment and accumulated depletion [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	(57,264)	(56,688)
Depletion
Derecognition
Foreign currency translation impact	(257)	(576)
Balance at end of year	(57,521)	(57,264)
Producing and development properties BYP [Member] | Carrying amounts [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	7,345
Balance at end of year	7,571	7,345
Producing and development properties GC [Member] | Cost [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	115,610	103,311
Capitalized expenditures	4,507	3,890
Acquisition (Note 3)
Environmental rehabilitation	898	(207)
Derecognition
Foreign currency translation impact	3,891	8,616
Balance at end of year	124,906	115,610
Producing and development properties GC [Member] | Impairment and accumulated depletion [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	(87,296)	(78,355)
Depletion	(2,595)	(2,419)
Derecognition
Foreign currency translation impact	(2,924)	(6,522)
Balance at end of year	(92,815)	(87,296)
Producing and development properties GC [Member] | Carrying amounts [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	28,314
Balance at end of year	32,091	28,314
Exploration and evaluation properties RZY [Member] | Cost [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	185	164
Capitalized expenditures
Acquisition (Note 3)
Environmental rehabilitation
Derecognition	(185)
Foreign currency translation impact		21
Balance at end of year		185
Exploration and evaluation properties RZY [Member] | Impairment and accumulated depletion [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	(185)	(164)
Depletion
Derecognition	185
Foreign currency translation impact		(21)
Balance at end of year		(185)
Exploration and evaluation properties RZY [Member] | Carrying amounts [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year
Balance at end of year
Exploration and evaluation properties Kuanping [Member] | Cost [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year
Capitalized expenditures	24
Acquisition (Note 3)	13,135
Environmental rehabilitation
Derecognition
Foreign currency translation impact	221
Balance at end of year	13,380
Exploration and evaluation properties Kuanping [Member] | Impairment and accumulated depletion [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year
Depletion
Derecognition
Foreign currency translation impact
Balance at end of year
Exploration and evaluation properties Kuanping [Member] | Carrying amounts [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year
Balance at end of year	13,380
Exploration and evaluation properties La Yesca [Member] | Cost [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	16,747
Capitalized expenditures	2,588	87
Acquisition (Note 3)		16,660
Environmental rehabilitation
Derecognition
Foreign currency translation impact
Balance at end of year	19,335	16,747
Exploration and evaluation properties La Yesca [Member] | Impairment and accumulated depletion [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year
Depletion
Derecognition
Foreign currency translation impact
Balance at end of year
Exploration and evaluation properties La Yesca [Member] | Carrying amounts [Member]
MINERAL RIGHTS AND PROPERTIES (Details) - Schedule of Mineral Rights and Properties [Line Items]
Balance at beginning year	16,747
Balance at end of year	$ 19,335	$ 16,747

LEASES (Details)

LEASES (Details)	Mar. 31, 2022
Disclosure of leases [text block] [Abstract]
Estimated incremental borrowing rate	5%

LEASES (Details) - Schedule of

LEASES (Details) - Schedule of Lease Receivable and Lease Obligation - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lease Receivable [Member]
LEASES (Details) - Schedule of Lease Receivable and Lease Obligation [Line Items]
Balance, beginning	$ 396	$ 534
Interest accrual	15	24
Interest received or paid	(15)	(24)
Principal repayment	(217)	(196)
Foreign exchange impact	3	58
Balance, ending	182	396
Less: current portion	(182)
Non-current portion
Addition
Lease Obligation [Member]
LEASES (Details) - Schedule of Lease Receivable and Lease Obligation [Line Items]
Balance, beginning	1,741	2,069
Interest accrual	72	95
Interest received or paid	(72)	(95)
Principal repayment	(637)	(563)
Foreign exchange impact	10	235
Balance, ending	1,263	$ 1,741
Less: current portion	(649)
Non-current portion	614
Addition	$ 149

LEASES (Details) - Schedule o_2

LEASES (Details) - Schedule of Reconciliation of Company Undiscounted Cash Flows to Present Value - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Lease Receivable [Member]
LEASES (Details) - Schedule of Reconciliation of Company Undiscounted Cash Flows to Present Value [Line Items]
Total undiscounted amount	$ 186
Less future interest	(4)
Total discounted amount	182	$ 396	$ 534
Less: current portion	(182)
Non-current portion
Lease Obligation [Member]
LEASES (Details) - Schedule of Reconciliation of Company Undiscounted Cash Flows to Present Value [Line Items]
Total undiscounted amount	1,343
Less future interest	(80)
Total discounted amount	1,263	$ 1,741	$ 2,069
Less: current portion	(649)
Non-current portion	614
Within a year [Member] | Lease Receivable [Member]
LEASES (Details) - Schedule of Reconciliation of Company Undiscounted Cash Flows to Present Value [Line Items]
Total undiscounted amount	186
Within a year [Member] | Lease Obligation [Member]
LEASES (Details) - Schedule of Reconciliation of Company Undiscounted Cash Flows to Present Value [Line Items]
Total undiscounted amount	677
Between 2 to 5 years [Member] | Lease Receivable [Member]
LEASES (Details) - Schedule of Reconciliation of Company Undiscounted Cash Flows to Present Value [Line Items]
Total undiscounted amount
Between 2 to 5 years [Member] | Lease Obligation [Member]
LEASES (Details) - Schedule of Reconciliation of Company Undiscounted Cash Flows to Present Value [Line Items]
Total undiscounted amount	$ 666

ENVIRONMENTAL REHABILITATION (D

ENVIRONMENTAL REHABILITATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disclosure of interest in funds [text block] [Abstract]
Environmental rehabilitation provision	$ 12,300	$ 10,500
Average discount rate	3.01%	3.39%
Reclamation expenditures amount	$ 500	$ 200
Reclamation deposit paid	$ 293	460
Received reclamation deposit		$ 1,900

ENVIRONMENTAL REHABILITATION _2

ENVIRONMENTAL REHABILITATION (Details) - Schedule of Reconciliation of Obligations Associated Retirement Properties - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Reconciliation of Obligations Associated Retirement Properties [Abstract]
Balance, April 1, 2020	$ 7,863	$ 8,700
Reclamation expenditures	(467)	(189)
Unwinding of discount of environmental rehabilitation	269	251
Revision of provision	812	(1,610)
Foreign exchange impact	262	711
Balance, March 31, 2022	$ 8,739	$ 7,863

SHARE CAPITAL (Details)

SHARE CAPITAL (Details) $ in Thousands		12 Months Ended
	Aug. 25, 2021 shares	Mar. 31, 2022 USD ($) shares	Mar. 31, 2021 USD ($) shares	Mar. 31, 2022 $ / shares
SHARE CAPITAL (Details) [Line Items]
Issued and outstanding common shares		10%
RSU granted		3%
Share-based compensation (in Dollars) | $		$ 6,096	$ 4,307
Option granted			1,127,000
Exercise price (in Dollars per share) | $ / shares				$ 3.93
Stock Option		961,000
Vesting period		3 years
Options distributed		137,876
Options cancelled		1,667
Cash dividends declared (in Dollars) | $		$ 4,413	$ 4,368
Common shares	7,054,000	100,000
Common shares cost (in Dollars) | $		$ 300
Anti-dilutive options and warrants		995,335	490,000
Directors, officers, and employees [Member]
SHARE CAPITAL (Details) [Line Items]
Option granted		535,000
Expected life of option in years		5
Exercise price (in Dollars per share) | $ / shares				3.93
Directors, officers, and employees [Member] | Restricted Stock Units (RSUs) [Member]
SHARE CAPITAL (Details) [Line Items]
Option granted		1,000,000
Exercise price (in Dollars per share) | $ / shares				$ 6.4
Vesting period		3 years

SHARE CAPITAL (Details) - Sched

SHARE CAPITAL (Details) - Schedule of Option Transactions	12 Months Ended
	Mar. 31, 2022 $ / shares	Mar. 31, 2021 $ / shares
Schedule of Option Transactions [Abstract]
Number of shares, at beginning of year	1,862,418	2,423,760
Weighted average exercise price per share, at beginning of year	$ 5.45	$ 3
Number of shares, option granted		1,127,000
Weighted average exercise price per share, option granted		$ 7.25
Number of shares, options exercised	(797,083)	(1,553,338)
Weighted average exercise price per share, options exercised	$ 2.98	$ 3.02
Number of shares, options cancelled	(70,000)	(135,004)
Weighted average exercise price per share, options cancelled	$ 7.46	$ 4.52
Number of shares, at end of year	995,335	1,862,418
Weighted average exercise price per share, at end of year	$ 7.28	$ 5.45

SHARE CAPITAL (Details) - Sch_2

SHARE CAPITAL (Details) - Schedule of Information About Stock Options Outstanding	12 Months Ended
	Mar. 31, 2022 $ / shares
5.46 [Member]
SHARE CAPITAL (Details) - Schedule of Information About Stock Options Outstanding [Line Items]
Exercise price	$ 5.46
Number of options outstanding	540,335
Weighted average remaining contractual life	3 years 1 month 24 days
Weighted average exercise price	$ 5.46
Number of options exercisable	264,335
Weighted average exercise price	$ 5.46
9.45 [Member]
SHARE CAPITAL (Details) - Schedule of Information About Stock Options Outstanding [Line Items]
Exercise price	$ 9.45
Number of options outstanding	455,000
Weighted average remaining contractual life	3 years 7 months 13 days
Weighted average exercise price	$ 9.45
Number of options exercisable	151,665
Weighted average exercise price	$ 9.45
5.46 - 9.45 [Member]
SHARE CAPITAL (Details) - Schedule of Information About Stock Options Outstanding [Line Items]
Number of options outstanding	995,335
Weighted average remaining contractual life	3 years 4 months 13 days
Weighted average exercise price	$ 7.28
Number of options exercisable	416,000
Weighted average exercise price	$ 6.91
5.46 - 9.45 [Member] | Minimum [Member]
SHARE CAPITAL (Details) - Schedule of Information About Stock Options Outstanding [Line Items]
Exercise price	5.46
5.46 - 9.45 [Member] | Maximum [Member]
SHARE CAPITAL (Details) - Schedule of Information About Stock Options Outstanding [Line Items]
Exercise price	$ 9.45

SHARE CAPITAL (Details) - Sch_3

SHARE CAPITAL (Details) - Schedule of Summary of RSUs	12 Months Ended
	Mar. 31, 2022 $ / shares	Mar. 31, 2021 $ / shares
Schedule of Summary of RSUs [Abstract]
Number of shares, beginning balance	1,249,336	677,374
Weighted average grant date closing price per share, beginning balance	$ 6.28	$ 4.94
Number of shares, granted	1,000,000	1,021,500
Weighted average grant date closing price per share, granted	$ 6.4	$ 6.68
Number of shares, cancelled	(46,999)	(77,166)
Weighted average grant date closing price per share, cancelled	$ 6.63	$ 5.82
Number of shares, distributed	(566,172)	(372,372)
Weighted average grant date closing price per share, distributed	$ 5.9	$ 5.05
Number of shares, ending balance	1,636,165	1,249,336
Weighted average grant date closing price per share, ending balance	$ 6.47	$ 6.28

SHARE CAPITAL (Details) - Sch_4

SHARE CAPITAL (Details) - Schedule of Earnings Per Share Basic and Diluted - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Earnings Per Share Basic and Diluted [Abstract]
Net income attributable to equity holders of the Company	$ 30,634	$ 46,376
Basic earnings per share (Income Numerator)	$ 30,634	$ 46,376
Basic earnings per share (Shares Denominator)	176,534,501	174,868,256
Basic earnings per share (Per-Share Amount)	$ 0.17	$ 0.27
Effect of dilutive securities:
Stock options (Shares Denominator)	1,789,467	2,205,748
Diluted earnings per share (Income Numerator)	$ 30,634	$ 46,376
Diluted earnings per share (Shares Denominator)	178,323,968	177,074,004
Diluted earnings per share (Per-Share Amount)	$ 0.17	$ 0.26

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details)	12 Months Ended
	Mar. 31, 2022 USD ($)
Disclosure of analysis of other comprehensive income by item [text block] [Abstract]
Currency translation adjustment net of tax

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - Schedule of Accumulated Other Comprehensive loss - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Accumulated Other Comprehensive loss [Abstract]
Change in fair value on equity investments designated as FVTOCI	$ 23,043	$ 22,328
Share of other comprehensive loss in associate	494	589
Currency translation adjustment	(21,584)	(10,367)
Balance, end of the year	$ 1,953	$ 12,550

NON-CONTROLLING INTERESTS (Deta

NON-CONTROLLING INTERESTS (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Henan Found [Member]
NON-CONTROLLING INTERESTS (Details) [Line Items]
Percentage of non-controlling interests	22.50%	22.50%
Henan Huawei [Member]
NON-CONTROLLING INTERESTS (Details) [Line Items]
Percentage of non-controlling interests	20%	20%
Yunxiang [Member]
NON-CONTROLLING INTERESTS (Details) [Line Items]
Percentage of non-controlling interests	30%	30%
Guangdong Found [Member]
NON-CONTROLLING INTERESTS (Details) [Line Items]
Percentage of non-controlling interests	1%	1%
New Infini [Member]
NON-CONTROLLING INTERESTS (Details) [Line Items]
Percentage of non-controlling interests	53.90%	56.30%
Contribution (in Dollars)	$ 1.2
Henan Non-ferrous Geology Minerals Ltd. [Member]
NON-CONTROLLING INTERESTS (Details) [Line Items]
Percentage of Equity interest held of Henan found and Henan Huawei	17.50%
Dividends declared (in Dollars)	$ 2.5	$ 2
Henan Xinxiangrong Mining Ltd. [Member]
NON-CONTROLLING INTERESTS (Details) [Line Items]
Percentage of Equity interest held of Henan found and Henan Huawei	5%
Dividends declared (in Dollars)	$ 0.8	0.6
Henan Xinhui Mining Co. Ltd. [Member]
NON-CONTROLLING INTERESTS (Details) [Line Items]
Percentage of Equity interest held of Henan found and Henan Huawei	20%
Dividends declared (in Dollars)	$ 0.6	$ 0.6

NON-CONTROLLING INTERESTS (De_2

NON-CONTROLLING INTERESTS (Details) - Schedule of Non-controlling Interests - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
NON-CONTROLLING INTERESTS (Details) - Schedule of Non-controlling Interests [Line Items]
Balance, beginning	$ 98,154	$ 70,290
Share of net income (loss)	12,650	14,133
Share of other comprehensive income	2,010	5,220
Acquisition of La Yesca		9,250
Contributions		2,500
Distributions	(5,096)	(3,239)
Balance, Ending	107,718	98,154
Henan Found [Member]
NON-CONTROLLING INTERESTS (Details) - Schedule of Non-controlling Interests [Line Items]
Balance, beginning	78,564	63,331
Share of net income (loss)	12,639	13,210
Share of other comprehensive income	1,732	4,623
Acquisition of La Yesca
Contributions
Distributions	(3,266)	(2,600)
Balance, Ending	89,669	78,564
Henan Huawei [Member]
NON-CONTROLLING INTERESTS (Details) - Schedule of Non-controlling Interests [Line Items]
Balance, beginning	5,182	4,702
Share of net income (loss)	182	639
Share of other comprehensive income	194	480
Acquisition of La Yesca
Contributions
Distributions	(630)	(639)
Balance, Ending	4,928	5,182
Yunxiang [Member]
NON-CONTROLLING INTERESTS (Details) - Schedule of Non-controlling Interests [Line Items]
Balance, beginning	3,032	2,723
Share of net income (loss)	(185)	219
Share of other comprehensive income	68	90
Acquisition of La Yesca
Contributions
Distributions
Balance, Ending	2,915	3,032
Guangdong Found [Member]
NON-CONTROLLING INTERESTS (Details) - Schedule of Non-controlling Interests [Line Items]
Balance, beginning	(351)	(466)
Share of net income (loss)	154	88
Share of other comprehensive income	16	27
Acquisition of La Yesca
Contributions
Distributions
Balance, Ending	(181)	(351)
New Infini [Member]
NON-CONTROLLING INTERESTS (Details) - Schedule of Non-controlling Interests [Line Items]
Balance, beginning	11,727
Share of net income (loss)	(140)	(23)
Share of other comprehensive income
Acquisition of La Yesca		9,250
Contributions		2,500
Distributions	(1,200)
Balance, Ending	$ 10,387	$ 11,727

GOVERNMENT FEES AND OTHER TAX_3

GOVERNMENT FEES AND OTHER TAXES (Details) - Schedule of Government Fees and Other Taxes Consist - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Government Fees and Other Taxes Consist [Abstract]
Government fees	$ 69	$ 63
Other taxes	2,574	2,311
Total government fees and other taxes consist	$ 2,643	$ 2,374

GENERAL AND ADMINISTRATIVE (Det

GENERAL AND ADMINISTRATIVE (Details) - Schedule of General and Administrative Expenses Consist - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
GENERAL AND ADMINISTRATIVE (Details) - Schedule of General and Administrative Expenses Consist [Line Items]
Amortization and depreciation	$ 1,947	$ 1,788
Office and administrative expenses	4,747	4,843
Professional fees	1,199	1,225
Salaries and benefits	11,869	9,940
Share-based compensation	5,827	4,156
Total general and administrative	25,589	21,952
Corporate [Member]
GENERAL AND ADMINISTRATIVE (Details) - Schedule of General and Administrative Expenses Consist [Line Items]
Amortization and depreciation	593	533
Office and administrative expenses	1,598	1,946
Professional fees	771	783
Salaries and benefits	5,392	4,947
Share-based compensation	5,827	4,156
Total general and administrative	14,181	12,365
Mines [Member]
GENERAL AND ADMINISTRATIVE (Details) - Schedule of General and Administrative Expenses Consist [Line Items]
Amortization and depreciation	1,354	1,255
Office and administrative expenses	3,149	2,897
Professional fees	428	442
Salaries and benefits	6,477	4,993
Share-based compensation
Total general and administrative	$ 11,408	$ 9,587

FINANCE ITEMS (Details) - Sched

FINANCE ITEMS (Details) - Schedule of Finance Items Consist - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Finance Items Consist [Abstract]
Interest income	$ 5,019	$ 3,767
Dividend income	198
Total finance income	5,217	3,767
Interest on lease obligation	72	95
Impairment charges for expected credit loss against bond investments (Note 4)	10,560	1,376
(Gain) loss on disposal of bonds	(191)	266
Unwinding of discount of environmental rehabilitation provision	269	251
Total finance costs	$ 10,710	$ 1,988

INCOME TAX (Details)

INCOME TAX (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Disclosure of income tax [text block] [Abstract]
Temporary differences associated with the investments in subsidiaries	$ 184.6	$ 143.6

INCOME TAX (Details) - Schedule

INCOME TAX (Details) - Schedule of Income Tax Expense Recognized - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Income Tax Expense Recognized [Abstract]
Current	$ 8,760	$ 10,942
Deferred	5,028	2,052
Income tax expense	$ 13,788	$ 12,994

INCOME TAX (Details) - Schedu_2

INCOME TAX (Details) - Schedule of Reconciliation of Effective Statutory Income Tax Rates - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Reconciliation of Effective Statutory Income Tax Rates [Abstract]
Canadian statutory tax rate	27%	27%
Income before income taxes	$ 57,072	$ 73,503
Income tax expense computed at Canadian statutory rates	15,409	19,846
Foreign tax rates different from statutory rate	(3,398)	(7,172)
Permanent items	635	2,567
Withholding taxes	1,428	1,191
Change in unrecognized deferred tax assets	(286)	(3,438)
Income tax expense	$ 13,788	$ 12,994

INCOME TAX (Details) - Schedu_3

INCOME TAX (Details) - Schedule of Deferred Income Tax Assets (liabilities) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Deferred Income Tax Assets (liabilities) [Abstract]
Net deferred income tax liabilities, beginning of the year	$ (40,792)	$ (35,758)
Net deferred income tax liabilities, end of the year	(47,128)	(40,792)
Deferred income tax expense recognized in net income for the year	(5,028)	(2,052)
Deferred income tax expense recognized in other comprehensive income for the year	122
Foreign exchange impact	$ (1,430)	$ (2,982)

INCOME TAX (Details) - Schedu_4

INCOME TAX (Details) - Schedule of Deferred Income Tax - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Deferred income tax assets
Total deferred income tax assets	$ 4,506	$ 4,077
Deferred income tax liabilities
Total deferred income tax liabilities	(51,634)	(44,869)
Net deferred income tax liabilities	(47,128)	(40,792)
Of which
-Deferred tax assets	905
-Deferred tax liabilities	(48,033)	(40,792)
Property, plant and equipment [member]
Deferred income tax assets
Total deferred income tax assets	2,230	1,706
Deferred income tax liabilities
Total deferred income tax liabilities	(2,024)	(1,488)
Environmental rehabilitation [Member]
Deferred income tax assets
Total deferred income tax assets	2,021	1,716
Unrealized loss on investments [Member]
Deferred income tax assets
Total deferred income tax assets	122
Other deductible temporary difference [Member]
Deferred income tax assets
Total deferred income tax assets	133	655
Mineral rights and properties [Member]
Deferred income tax liabilities
Total deferred income tax liabilities	(49,386)	(43,105)
Unrealized gain on investments [Member]
Deferred income tax liabilities
Total deferred income tax liabilities
Other taxable temporary difference [Member]
Deferred income tax liabilities
Total deferred income tax liabilities	$ (224)	$ (276)

INCOME TAX (Details) - Schedu_5

INCOME TAX (Details) - Schedule of Temporary Differences and Unused Tax Losses - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
INCOME TAX (Details) - Schedule of Temporary Differences and Unused Tax Losses [Line Items]
Deferred tax asset	$ 94,766	$ 97,218
Non-capital loss carry forward [Member]
INCOME TAX (Details) - Schedule of Temporary Differences and Unused Tax Losses [Line Items]
Deferred tax asset	69,341	62,764
Plant and equipment [Member]
INCOME TAX (Details) - Schedule of Temporary Differences and Unused Tax Losses [Line Items]
Deferred tax asset	2,331	10,813
Mineral rights and properties [Member]
INCOME TAX (Details) - Schedule of Temporary Differences and Unused Tax Losses [Line Items]
Deferred tax asset	2,006	1,972
Other deductible temporary difference [Member]
INCOME TAX (Details) - Schedule of Temporary Differences and Unused Tax Losses [Line Items]
Deferred tax asset	$ 21,088	$ 21,669

INCOME TAX (Details) - Schedu_6

INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years $ in Thousands	12 Months Ended
	Mar. 31, 2022 USD ($)
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	$ 69,341
2023 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	1,105
2024 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	1,322
2025 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	902
Year Six 2026 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	267
2027 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	1,308
Year Ten 2030 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	1,175
2031 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	6,820
2032 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	9,893
2033 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	10,181
2034 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	8,001
2035 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	7,266
2036 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	54
2037 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	585
2038 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	2,555
2039 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	4,719
2040 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	2,155
2041 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	4,281
2042 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	6,752
Canada [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	64,437
Canada [Member] | 2023 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
Canada [Member] | 2024 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
Canada [Member] | 2025 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
Canada [Member] | Year Six 2026 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
Canada [Member] | 2027 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
Canada [Member] | Year Ten 2030 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	1,175
Canada [Member] | 2031 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	6,820
Canada [Member] | 2032 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	9,893
Canada [Member] | 2033 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	10,181
Canada [Member] | 2034 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	8,001
Canada [Member] | 2035 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	7,266
Canada [Member] | 2036 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	54
Canada [Member] | 2037 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	585
Canada [Member] | 2038 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	2,555
Canada [Member] | 2039 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	4,719
Canada [Member] | 2040 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	2,155
Canada [Member] | 2041 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	4,281
Canada [Member] | 2042 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	6,752
China [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	4,904
China [Member] | 2023 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	1,105
China [Member] | 2024 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	1,322
China [Member] | 2025 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	902
China [Member] | Year Six 2026 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	267
China [Member] | 2027 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses	1,308
China [Member] | Year Ten 2030 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2031 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2032 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2033 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2034 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2035 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2036 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2037 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2038 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2039 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2040 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2041 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses
China [Member] | 2042 [Member]
INCOME TAX (Details) - Schedule of Net Operating Losses Expiring in Various Years [Line Items]
Net operating losses

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - Schedule of due from related parties - USD ($) $ in Thousands		Mar. 31, 2022	Mar. 31, 2021
RELATED PARTY TRANSACTIONS (Details) - Schedule of due from related parties [Line Items]
Due from related parties total		$ 66	$ 847
New Pacific Metals Corp ("NUAG") [Member]
RELATED PARTY TRANSACTIONS (Details) - Schedule of due from related parties [Line Items]
Due from related parties total	[1]	43	59
Henan Non-ferrous [Member]
RELATED PARTY TRANSACTIONS (Details) - Schedule of due from related parties [Line Items]
Due from related parties total	[2]	23	19
Whitehorse Gold Corp. ("WHG") [Member]
RELATED PARTY TRANSACTIONS (Details) - Schedule of due from related parties [Line Items]
Due from related parties total	[3]		$ 769
[1] The Company recovers costs for services rendered to NUAG and expenses incurred on behalf of NUAG pursuant to a services and administrative costs reallocation agreement. During the year ended March 31, 2022, the Company recovered $0.7 million (year ended March 31, 2021 - $0.6 million), from NUAG for services rendered and expenses incurred on behalf of NUAG. The costs recovered from NUAG were recorded as a direct reduction of general and administrative expenses on the consolidated statements of income. The Company recovers costs for services rendered to WHG and expenses incurred on behalf of WHG pursuant to a services and administrative costs reallocation agreement. During the year ended March 31, 2022, the Company recovered $0.2 million (year ended March 31, 2021 - $0.1 million) from WHG for services rendered and expenses incurred on behalf of WHG. The costs recovered from WHG were recorded as a direct reduction of general and administrative expenses on the consolidated statements of income. In January 2021, Henan Found advanced a loan of $0.8 million (RMB¥5 million) to Henan Non-ferrous. The loan bears an interest rate of 4.35% per annum. In January 2022, the loan, including accumulated interest, of $0.8 million (RMB¥5.2 million) was repaid in full.

RELATED PARTY TRANSACTIONS (D_2

RELATED PARTY TRANSACTIONS (Details) - Schedule of compensation of key management personnel - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of compensation of key management personnel [Abstract]
Cash compensation	$ 3,246	$ 3,252
Share-based compensation	3,179	2,814
Total compensation of key management personnel	$ 6,425	$ 6,066

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details) $ in Millions	Mar. 31, 2022 USD ($)
Disclosure of financial instruments [text block] [Abstract]
10% strengthening (weakening) of the CAD against the USD increased (decreased) net income	$ 6
10% increase (decrease) in the market price of securities held foreign currency effects on net income	1.2
10% increase (decrease) in the market price of securities held foreign currency effects on comprehensive income	$ 0.2

FINANCIAL INSTRUMENTS (Detail_2

FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Assets Measured at Fair Value Level On Recurring Basis - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Cash and Cash Equivalents [Member]
Financial assets
Financial assets	$ 113,302	$ 118,735
Short-term investments - money market instruments [Member]
Financial assets
Financial assets	90,455	64,545
Investments in public companies [Member]
Financial assets
Financial assets	13,916	13,444
Investments in private company [Member]
Financial assets
Financial assets	3,852	2,289
Level 1 of fair value hierarchy [member] | Cash and Cash Equivalents [Member]
Financial assets
Financial assets	113,302	118,735
Level 1 of fair value hierarchy [member] | Short-term investments - money market instruments [Member]
Financial assets
Financial assets	90,455	64,545
Level 1 of fair value hierarchy [member] | Investments in public companies [Member]
Financial assets
Financial assets	13,916	13,444
Level 1 of fair value hierarchy [member] | Investments in private company [Member]
Financial assets
Financial assets
Level 2 of fair value hierarchy [member] | Cash and Cash Equivalents [Member]
Financial assets
Financial assets
Level 2 of fair value hierarchy [member] | Short-term investments - money market instruments [Member]
Financial assets
Financial assets
Level 2 of fair value hierarchy [member] | Investments in public companies [Member]
Financial assets
Financial assets
Level 2 of fair value hierarchy [member] | Investments in private company [Member]
Financial assets
Financial assets
Level 3 of fair value hierarchy [member] | Cash and Cash Equivalents [Member]
Financial assets
Financial assets
Level 3 of fair value hierarchy [member] | Short-term investments - money market instruments [Member]
Financial assets
Financial assets
Level 3 of fair value hierarchy [member] | Investments in public companies [Member]
Financial assets
Financial assets
Level 3 of fair value hierarchy [member] | Investments in private company [Member]
Financial assets
Financial assets	$ 3,852	$ 2,289

FINANCIAL INSTRUMENTS (Detail_3

FINANCIAL INSTRUMENTS (Details) - Schedule of Remaining Contractual Maturities of Financial Liabilities - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
FINANCIAL INSTRUMENTS (Details) - Schedule of Remaining Contractual Maturities of Financial Liabilities [Line Items]
Accounts payable and accrued liabilities	$ 39,667	$ 30,298
Lease obligation	1,343	1,741
Total financial liabilities	41,010	$ 32,039
Within a year [Member]
FINANCIAL INSTRUMENTS (Details) - Schedule of Remaining Contractual Maturities of Financial Liabilities [Line Items]
Accounts payable and accrued liabilities	39,667
Lease obligation	677
Total financial liabilities	40,344
2-5 years [Member]
FINANCIAL INSTRUMENTS (Details) - Schedule of Remaining Contractual Maturities of Financial Liabilities [Line Items]
Accounts payable and accrued liabilities
Lease obligation	666
Total financial liabilities	$ 666

FINANCIAL INSTRUMENTS (Detail_4

FINANCIAL INSTRUMENTS (Details) - Schedule of Currency Risk Affect Net Income - USD [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
FINANCIAL INSTRUMENTS (Details) - Schedule of Currency Risk Affect Net Income [Line Items]
Financial assets	$ 59,272	$ 58,610
Financial liabilities		$ 52

SEGMENTED INFORMATION (Details)

SEGMENTED INFORMATION (Details)	12 Months Ended
	Mar. 31, 2022
Disclosure of entity's operating segments [text block] [Abstract]
Major customers transaction description	For the year ending March 31, 2022, four major customers (year ended March 31, 2021 – five) each accounted for 13%, 18%, 19%, and 19% (year ended March 31, 2021 – 11%, 12%, 15%, 16%, and 21%) and collectively 69% (year ended March 31, 2021 – 75%) of the total sales of the Company.

SEGMENTED INFORMATION (Detail_2

SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Assets and Liabilities - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Assets and Liabilities [Line Items]
Current assets	$ 232,308	$ 221,189
Plant and equipment	79,418	75,729
Mineral rights and properties	326,448	277,429
Investment in an associate	56,841	53,457
Other investments	17,768	15,733
Reclamation deposits	8,876	8,513
Long-term prepaids and deposits	974	409
Long-term portion of lease receivable		183
Deferred income tax assets	905
Total assets	723,538	652,642
Current liabilities	46,038	37,175
Long-term portion of lease obligation	614	1,084
Deferred income tax liabilities	48,033	40,792
Environmental rehabilitation	8,739	7,863	$ 8,700
Total liabilities	103,424	86,914
Mining Henan Luoning [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Assets and Liabilities [Line Items]
Current assets	141,376	124,636
Plant and equipment	58,189	53,651
Mineral rights and properties	254,071	225,023
Investment in an associate
Other investments	72	2,289
Reclamation deposits	3,996	3,898
Long-term prepaids and deposits	588	221
Long-term portion of lease receivable
Deferred income tax assets
Total assets	458,292	409,718
Current liabilities	37,161	28,654
Long-term portion of lease obligation
Deferred income tax liabilities	46,849	39,756
Environmental rehabilitation	6,053	6,115
Total liabilities	90,063	74,525
Mining Hunan [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Assets and Liabilities [Line Items]
Current assets	870	909
Plant and equipment	3,708	3,833
Mineral rights and properties	7,571	7,345
Investment in an associate
Other investments
Reclamation deposits
Long-term prepaids and deposits	104	101
Long-term portion of lease receivable
Deferred income tax assets
Total assets	12,253	12,188
Current liabilities	545	625
Long-term portion of lease obligation
Deferred income tax liabilities	1,184	1,036
Environmental rehabilitation	1,044	993
Total liabilities	2,773	2,654
Mining Guangdong [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Assets and Liabilities [Line Items]
Current assets	14,919	11,177
Plant and equipment	15,282	15,765
Mineral rights and properties	32,091	28,314
Investment in an associate
Other investments
Reclamation deposits	4,872	4,607
Long-term prepaids and deposits	282	87
Long-term portion of lease receivable
Deferred income tax assets	905
Total assets	68,351	59,950
Current liabilities	5,155	4,570
Long-term portion of lease obligation
Deferred income tax liabilities
Environmental rehabilitation	1,642	755
Total liabilities	6,797	5,325
Mining Other [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Assets and Liabilities [Line Items]
Current assets	1,566	191
Plant and equipment	163	59
Mineral rights and properties	32,715	16,747
Investment in an associate
Other investments
Reclamation deposits
Long-term prepaids and deposits
Long-term portion of lease receivable
Deferred income tax assets
Total assets	34,444	16,997
Current liabilities	2
Long-term portion of lease obligation
Deferred income tax liabilities
Environmental rehabilitation
Total liabilities	2
Administrative Beijing [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Assets and Liabilities [Line Items]
Current assets	8,570	4,322
Plant and equipment	864	965
Mineral rights and properties
Investment in an associate
Other investments
Reclamation deposits
Long-term prepaids and deposits
Long-term portion of lease receivable
Deferred income tax assets
Total assets	9,434	5,287
Current liabilities	295	112
Long-term portion of lease obligation
Deferred income tax liabilities
Environmental rehabilitation
Total liabilities	295	112
Administrative Vancouver [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Assets and Liabilities [Line Items]
Current assets	65,007	79,954
Plant and equipment	1,212	1,456
Mineral rights and properties
Investment in an associate	56,841	53,457
Other investments	17,696	13,444
Reclamation deposits	8	8
Long-term prepaids and deposits
Long-term portion of lease receivable		183
Deferred income tax assets
Total assets	140,764	148,502
Current liabilities	2,880	3,214
Long-term portion of lease obligation	614	1,084
Deferred income tax liabilities
Environmental rehabilitation
Total liabilities	$ 3,494	$ 4,298

SEGMENTED INFORMATION (Detail_3

SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Operating Results - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Operating Results [Line Items]
Revenue	$ 217,923	$ 192,105
Costs of mine operations	(133,622)	(107,943)
Income from mine operations	84,301	84,162
Operating	(21,736)	(12,438)
Finance items, net	(5,493)	1,779
Income tax expenses	(13,788)	(12,994)
Net income (loss)	43,284	60,509
Attributable to:
Equity holders of the Company	30,634	46,376
Non-controlling interests	12,650	14,133
Net income (loss)	43,284	60,509
Mining Henan Luoning [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Operating Results [Line Items]
Revenue	176,751	157,297
Costs of mine operations	(106,706)	(83,090)
Income from mine operations	70,045	74,207
Operating	(1,367)	(1,848)
Finance items, net	2,862	1,788
Income tax expenses	(12,612)	(10,876)
Net income (loss)	58,928	63,271
Attributable to:
Equity holders of the Company	46,099	49,422
Non-controlling interests	12,829	13,849
Net income (loss)	58,928	63,271
Mining Guangdong [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Operating Results [Line Items]
Revenue	41,172	33,255
Costs of mine operations	(26,345)	(23,497)
Income from mine operations	14,827	9,758
Operating	59	9
Finance items, net	374	145
Income tax expenses	364	(960)
Net income (loss)	15,624	8,952
Attributable to:
Equity holders of the Company	15,470	8,864
Non-controlling interests	154	88
Net income (loss)	15,624	8,952
Mining Other [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Operating Results [Line Items]
Revenue
Costs of mine operations	(41)
Income from mine operations	(41)
Operating	(143)	(6)
Finance items, net	1
Income tax expenses
Net income (loss)	(183)	(6)
Attributable to:
Equity holders of the Company	(77)	(3)
Non-controlling interests	(106)	(3)
Net income (loss)	(183)	(6)
Administrative Beijing [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Operating Results [Line Items]
Revenue
Costs of mine operations
Income from mine operations
Operating	(2,109)	(1,012)
Finance items, net	255	118
Income tax expenses		(8)
Net income (loss)	(1,854)	(902)
Attributable to:
Equity holders of the Company	(1,854)	(902)
Non-controlling interests
Net income (loss)	(1,854)	(902)
Administrative Vancouver [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Operating Results [Line Items]
Revenue
Costs of mine operations
Income from mine operations
Operating	(18,322)	(10,157)
Finance items, net	(8,950)	(243)
Income tax expenses	(1,428)	(1,191)
Net income (loss)	(28,700)	(11,591)
Attributable to:
Equity holders of the Company	(28,658)	(11,571)
Non-controlling interests	(42)	(20)
Net income (loss)	(28,700)	(11,591)
Mining Hunan [Member]
SEGMENTED INFORMATION (Details) - Schedule of Segment Information for Operating Results [Line Items]
Revenue		1,553
Costs of mine operations	(530)	(1,356)
Income from mine operations	(530)	197
Operating	146	576
Finance items, net	(35)	(29)
Income tax expenses	(112)	41
Net income (loss)	(531)	785
Attributable to:
Equity holders of the Company	(346)	566
Non-controlling interests	(185)	219
Net income (loss)	$ (531)	$ 785

SEGMENTED INFORMATION (Detail_4

SEGMENTED INFORMATION (Details) - Schedule of Sales by Metal - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
SEGMENTED INFORMATION (Details) - Schedule of Sales by Metal [Line Items]
Silver (Ag)	$ 121,273	$ 111,191
Gold (Au)	5,083	6,722
Lead (Pb)	57,090	50,464
Zinc (Zn)	28,842	21,793
Other	5,635	1,935
Sales	217,923	192,105
Henan Luoning [Member]
SEGMENTED INFORMATION (Details) - Schedule of Sales by Metal [Line Items]
Silver (Ag)	111,835	102,100
Gold (Au)	5,083	5,169
Lead (Pb)	48,504	42,836
Zinc (Zn)	7,489	5,898
Other	3,840	1,294
Sales	176,751	157,297
Hunan [Member]
SEGMENTED INFORMATION (Details) - Schedule of Sales by Metal [Line Items]
Silver (Ag)
Gold (Au)		1,553
Lead (Pb)
Zinc (Zn)
Other
Sales		1,553
Guangdong [Member]
SEGMENTED INFORMATION (Details) - Schedule of Sales by Metal [Line Items]
Silver (Ag)	9,438	9,091
Gold (Au)
Lead (Pb)	8,586	7,628
Zinc (Zn)	21,353	15,895
Other	1,795	641
Sales	$ 41,172	$ 33,255

SUPPLEMENTARY CASH FLOW INFOR_3

SUPPLEMENTARY CASH FLOW INFORMATION (Details) - Schedule of Change in Non-cash Operating Working Capital - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Change in Non-cash Operating Working Capital [Abstract]
Trade and other receivables	$ (2,101)	$ (470)
Inventories	753	(859)
Prepaids and deposits	(650)	(1,133)
Accounts payable and accrued liabilities	8,014	4,158
Deposits received	422	1,352
Due from a related party	(14)	27
Total changes in non-cash operating working capital	$ 6,424	$ 3,075

SUPPLEMENTARY CASH FLOW INFOR_4

SUPPLEMENTARY CASH FLOW INFORMATION (Details) - Schedule of Cash and Cash Equivalents - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Schedule of Cash and Cash Equivalents [Abstract]
Cash on hand and at bank	$ 72,782	$ 111,191
Bank term deposits and short-term money market investments	40,520	7,544
Total cash and cash equivalents	$ 113,302	$ 118,735	$ 65,777