Fury Gold Mines Limited (FURY) 40-F 1 Apr 21 2020 FY Annual report (Canada) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2020shares
Cover [Abstract]
Entity Registrant Name	FURY GOLD MINES LTD
Entity Central Index Key	0001514597
Current Fiscal Year End Date	--12-31
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding	80,397,193
Document Type	40-F
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Interactive Data Current	Yes

Consolidated Statements of Fina

Consolidated Statements of Financial Position - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash	$ 15,361	$ 660
Marketable securities	2,675	346
Amounts receivable	827	55
Prepaid expenses and deposits	785	651
Current assets	19,648	1,712
Non-current assets:
Restricted cash	165	115
Prepaid expenses and deposits	243	149
Property and equipment	1,222	1,272
Mineral property interests	160,772	39,714
Non-current assets	162,402	41,250
Total assets	182,050	42,962
Current liabilities:
Accounts payable and accrued liabilities	3,280	1,067
Flow-through share premium liability	7,644	7
Bridge loan	0	2,931
Advances received for exploration	316	0
Lease liability	55	0
Current liabilities	11,295	4,005
Non-current liabilities:
Lease liability	193	0
Provision for site reclamation and closure	4,290	2,134
Total liabilities	15,778	6,139
Equity:
Share capital	294,710	129,413
Share option and warrant reserve	11,521	9,992
Accumulated other comprehensive income	0	22
Deficit	(139,959)	(102,604)
Total equity	166,272	36,823
Total liabilities and equity	$ 182,050	$ 42,962

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operating expenses:
Exploration and evaluation costs	$ 3,658	$ 4,222
Fees, salaries and other employee benefits	4,319	3,708
Insurance	448	309
Legal and professional fees	562	257
Marketing and investor relations	1,322	1,337
Office and administration	667	383
Regulatory, transfer agent and shareholder information	319	235
Operating expenses	11,295	10,451
Other expenses (income):
Unrealized net gain on marketable securities	(565)	(160)
Amortization of flow-through share premium	(453)	(867)
Finance expense related to bridge loan	259	150
Loss on amendment and extinguishment of bridge loan	224	0
Accretion of provision for site reclamation and closure	34	40
Interest and other income	(91)	(43)
Foreign exchange loss	60	31
Other expenses (income)	(532)	(849)
Loss for the period	10,763	9,602
Deferred income tax recovery	0	(54)
Loss from continuing operations	10,763	9,548
Loss from discontinued operations	3,490	4,385
Loss for the year	14,253	13,933
Items that may be reclassified subsequently to profit or loss:
Unrealized currency (gain) loss on translation of foreign operations	(23)	203
Other comprehensive (income) loss for the year	(23)	203
Total comprehensive loss for the period	$ 14,230	$ 14,136
Loss per share from continuing operations: basic and diluted	$ .13	$ .15
Basic and diluted loss per share	$ .18	$ 0.22

Consolidated Statements of Equi

Consolidated Statements of Equity - CAD ($) $ in Thousands	Share Capital	Share Option and Warrant Reserve	Accumulated Other Comprehensive Income (Loss)	Deficit	Total
Beginning balance (in shares) at Dec. 31, 2018	61,086,264
Beginning balance at Dec. 31, 2018	$ 121,988	$ 6,937	$ 225	$ (88,671)	$ 40,479
Comprehensive loss for the year			(203)	(13,933)	(14,136)
Shares issued pursuant to bought deal financing, net of share issue costs and flow-through liability (in shares)	2,646,902
Shares issued pursuant to bought deal financing, net of share issue costs and flow-through liability	$ 6,364				6,364
Share options exercised (in shares)	625,797
Share options exercised	$ 1,061	(489)			572
Fair value of warrants issued, net of tax		144			144
Share-based compensation		3,400			3,400
Ending balance (in shares) at Dec. 31, 2019	64,340,963
Ending balance at Dec. 31, 2019	$ 129,413	9,992	22	(102,604)	36,823
Comprehensive loss for the year			23	(14,253)	(14,230)
Distribution recognized upon disposition of Spincos			(45)	(23,102)	(23,147)
Shares issued pursuant to offering, net of share issue costs (in shares)	6,333,984
Shares issued pursuant to offering, net of share issue costs	$ 14,753				14,753
Shares issued upon conversion of amended bridge loan (in shares)	1,318,877
Shares issued upon conversion of amended bridge loan	$ 3,334				3,334
Shares issued pursuant to Alturas option (in shares)	743,187
Shares issued pursuant to Alturas option	$ 3,036				3,036
Acquisition of Eastmain (in shares)	34,100,000
Acquisition of Eastmain	$ 117,690				117,690
Shares issued pursuant to private placement, net of share issue costs and flow-through liability (in shares)	7,750,000
Shares issued pursuant to private placement, net of share issue costs and flow-through liability	$ 13,982				13,982
Share options exercised (in shares)	3,228,182
Share options exercised	$ 12,489	(4,690)			$ 7,799
Warrants exercised (in shares)	8,664				8,664
Warrants exercised	$ 13				$ 13
Fair value of share options and warrants issued, net of tax, for acquisition of Eastmain		3,450			3,450
Share-based compensation		2,769			2,769
Ending balance (in shares) at Dec. 31, 2020	117,823,857
Ending balance at Dec. 31, 2020	$ 294,710	$ 11,521	$ 0	$ (139,959)	$ 166,272

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operating activities:
Loss for the year from continuing operations	$ (10,763)	$ (9,548)
Adjusted for:
Interest and other income	(91)	(43)
Items not involving cash:
Unrealized net gain on marketable securities	(565)	(160)
Depreciation	252	252
Amortization of flow-through share premium	(453)	(867)
Finance expense related to bridge loan	259	150
Loss on amendment and extinguishment of bridge loan	224	0
Accretion of provision for site reclamation and closure	34	40
Share-based compensation	2,530	2,547
Other	12	(74)
Changes in non-cash working capital	(896)	285
Cash used in operating activities, continuing operations	(9,457)	(7,418)
Cash used in operating activities, discontinued operation	(3,224)	(3,179)
Investing activities:
Interest received	91	43
Disposition of Peruvian projects to Spincos	(12,781)	0
Acquisition of Eastmain, net of cash acquired	(1,403)	0
Transaction costs paid on behalf of Spincos	(1,400)	0
Option payment received	150	0
Increase in restricted cash	(50)	0
Other	27	(23)
Cash (used in) provided by investing activities, continuing operations	(15,366)	20
Cash used in investing activities, discontinued operation	(1,210)	(937)
Financing activities:
Proceeds from issuance of common shares, net of cash share issuance costs	19,885	6,976
Proceeds from issuance of flow-through shares	16,350	0
Proceeds from loan, net of transaction costs	0	2,979
Interest paid	(64)	0
Lease payments	(25)	0
Proceeds from share option and warrant exercises	7,812	572
Cash provided by financing activities, continuing operations	43,958	10,527
Effect of foreign exchange rate changes on cash	0	(6)
Increase (decrease) in cash	14,701	(993)
Cash, beginning of the period	660	1,653
Cash, end of the period	$ 15,361	$ 660

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2020
Nature Of Operations
Nature of Operations	Fury Gold Mines Limited (the “Company” or “Fury Gold”), formerly Auryn Resources Inc. (“Auryn”), is a Canadian-focused exploration and development company, positioned in three prolific gold mining regions. The Company’s principal business activity is the acquisition, exploration, and development of resource properties in Canada and until October 2020, in Peru. At December 31, 2020, the Company had three flagship projects: Eau Claire in Québec, Homestake Ridge in British Columbia, and Committee Bay in Nunavut. Prior to October 9, 2020, the Company also held secured rights to various mining concessions in southern Peru which included the Sombrero, Curibaya, and Huilacollo projects. These projects were transferred to two new companies, Tier One Silver Inc. and Sombrero Resources Inc. (collectively the “Spincos”), as part of an arrangement agreement to acquire Eastmain Resources Inc. (“Eastmain”) (note 4). The Company was incorporated on June 9, 2008, under the Business Corporations Act Response to COVID-19 The effect of the COVID-19 pandemic on the Company’s operations has been varied. At the Company’s Eau Claire project in Québec, where drilling activities recently commenced, the Company has implemented COVID-19 screening for all site personnel prior to their arrival to limit the risk of infection in the camp. Although commercial flights between the Nemiscau Airport and Montreal have been halted as a result of COVID-19, the ability of Company personnel to access the Eau Claire property has not been materially impacted. Due to travel restrictions into Nunavut as well as to respect the local communities’ concerns over COVID-19, the Company informed stakeholders in the Committee Bay project that the Company would not conduct field operations in 2020. Across Canada, public health officials have recommended precautions to mitigate the spread of the ongoing COVID-19 pandemic, especially in heavily populated areas, with provincial governments issuing orders that at certain times have required the closure of non-essential businesses and for people to remain at home. As a precaution, the corporate offices were temporarily closed at various times in 2020 and all employees supported to work remotely. The situation in Canada with respect to the management of COVID-19 remains fluid and permitted activities are subject to change. The Company is continually reviewing the situation along with provincial and government guidelines and allowing work to be undertaken once it is confident that it is safe for its employees and stakeholders to do so. The Company continues to have full access to its properties in Canada and has managed to adequately stage its work sites for its planned programs. Additional measures have been taken to enhance the safety of employees and contractors at all active sites. These measures include limiting camp occupancy, additional sanitation stations, social distancing, and mandatory mask usage. The Company to date has not experienced problems with obtaining the supplies and staff needed for its exploration work and other work programs. The Company has continued to move forward with its planned exploration work, including drilling at the Eau Claire project. All reporting and expenditure requirements at Committee Bay project and Gibson MacQuoid were extended for one year under the Nunavut COVID-19 relief program announced May 1, 2020. All reporting and expenditure requirements at Eau Claire were extended for one year under Québec’s COVID-19 relief program. At the Homestake Ridge project, all reporting and expenditure requirements have been extended until December 31, 2021 under section 66 of the Mineral Tenure Act

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2020
aug_WeightedAverageSharePriceWarrantsGranted
Basis of Presentation	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”), effective for the year ended December 31, 2020. IFRS comprises IFRSs, International Accounting Standards (“IASs”), and interpretations issued by the IFRS Interpretations Committee (“IFRICs”), and the former Standing Interpretations Committee (“SICs”). These consolidated financial statements were approved and authorized for issuance by the Board of Directors of the Company on March 31, 2021. Basis of preparation and consolidation These consolidated financial statements have been prepared on a historical cost basis except for certain financial instruments that have been measured at fair value (note 21). The presentation currency is the Canadian dollar; all amounts, with the exception of per share amounts, are presented in thousands of Canadian dollars unless otherwise noted. On October 9, 2020, the Company consolidated the 112,340,434 common shares outstanding as of that date to 75,900,000 common shares. As such, all shares and per share data presented in the Company’s consolidated financial statements have been retroactively adjusted to reflect the share consolidation unless otherwise noted (note 3k). These consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company (its subsidiaries). Control exists when the Company has power over an investee, exposure or rights to variable returns from its involvement with the investee, and the ability to use its power over the investee to affect the amount of the Company’s returns. The principal subsidiaries of the Company at December 31, 2020 were as follows: Subsidiary Place of incorporation Functional currency Beneficial interest North Country Gold Corp. (“North Country”) BC, Canada CAD 100% Homestake Resource Corporation (“Homestake”) BC, Canada CAD 100% Eastmain Resources Inc. (“Eastmain”) ON, Canada CAD 100% Eastmain Mines Inc. (“Eastmain Mines”) (1) Canada CAD 100% Homestake Royalty Corporation (inactive) BC, Canada CAD 100% (1) Company incorporated federally in Canada. All intercompany balances and transactions have been eliminated. Critical accounting judgments and estimates The preparation of financial statements in conformity with IFRS requires management to select accounting policies and make estimates and judgments that may have a significant impact on the consolidated financial statements. Estimates are continuously evaluated and are based on management’s experience and expectations of future events that are believed to be reasonable under the circumstances. Actual outcomes may differ from these estimates. Critical accounting judgments exercised in applying accounting policies, apart from those involving estimates, that have the most significant effect on the amounts recognized in these consolidated financial statements are as follows: a) Functional currency The functional currency for each of the Company’s subsidiaries is the currency of the primary economic environment in which the entity operates. The Company has determined that the functional currency of each of its subsidiaries is the Canadian dollar. Determination of functional currency may involve certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions that determined the primary economic environment. b) Economic recoverability and probability of future economic benefits of mineral property interests Management has determined that the acquisition of mineral properties and related costs incurred, which have been recognized on the consolidated statement of financial position, are economically recoverable. Management uses several criteria in its assessments of economic recoverability and probability of future economic benefit including geological data, scoping studies, accessible facilities, and existing and future permits. c) Indications of impairment of assets Assessments of impairment indicators are performed at the Cash Generating Unit (“CGU”) level and judgment is involved in assessing whether there is any indication that an asset or a CGU may be impaired. The assessment of the impairment indicators involves the application of a number of significant judgments and estimates to certain variables, including metal price trends, exploration plans for properties, and the results of exploration and evaluation to date. d) Income taxes The provision for income taxes and composition of income tax assets and liabilities require management’s judgment. The application of income tax legislation also requires judgment in order to interpret legislation and to apply those findings to the Company’s transactions. e) Business combinations versus asset acquisition Determination of whether a set of assets acquired and liabilities assumed constitute the acquisition of a business or asset may require the Company to make certain judgements as to whether or not the assets acquired and liabilities assumed include the inputs, substantive processes, and outputs necessary to constitute a business as defined in IFRS 3 – Business combinations. Key sources of estimation uncertainty that have significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows: f) Determination of control of subsidiaries and joint arrangements Judgement is required to determine when the Company has control of subsidiaries or joint control of joint arrangements. This requires an assessment of the relevant activities of the investee, being those activities that significantly affect the investee's returns (including operating and capital expenditure decision-making, financing of the investee, and the appointment, remuneration, and termination of key management personnel) and when the decisions in relation to those activities are under the control of the Company or require unanimous consent from the investors. The Company assessed whether the transfer of the Peruvian projects to the Spincos and distribution of all the shares of the Spincos to the Company’s shareholders resulted in a loss of control for the Company at the transaction date which would require the distribution of non-cash assets to be remeasured at fair value. The Company concluded that there was no change of common control because the shareholders retained their existing ownership of the Peruvian projects after the transfer; therefore, the distribution recognized in equity reflects the historical cost of the Peruvian assets. g) Reclamation obligations Management assesses its reclamation obligations annually and when circumstances suggest that a material change to the obligations have occurred. Significant estimates and assumptions are made in determining the provision for site reclamation and closure because there are numerous factors that will affect the ultimate liability that becomes payable. These factors include estimates of the extent, the timing, and the cost of reclamation activities, regulatory change, cost increases, and changes in discount rates. Those uncertainties may result in actual expenditures differing from the amounts currently provided. The provision at the reporting date represents management’s best estimate of the present value of the future reclamation costs required. Changes to estimated future costs are recognized in the consolidated statement of financial position by adjusting the reclamation asset and liability. Key assumptions included in the estimate of the reclamation obligations for the Company’s properties in Québec and Nunavut were as follows: Years ended December 31 2020 2019 Risk-free interest rate 1.21% 1.76% Annual inflation 2.0% 2.0% h) Financial instruments Financial instruments are assessed upon initial recognition to determine whether they meet the definition of a financial asset, financial liability, or equity instrument depending on the substance of the contractual arrangement. Judgement is required in making this determination as the substance of a transaction may differ from its legal form. Once a determination is made, IFRS requires that financial instruments be measured at fair value on initial recognition. For financial instruments that do not have quoted market prices or observable inputs, judgements are made in determining what are appropriate inputs and assumptions to use in calculating the fair value. IFRS also requires that an exchange between an existing borrower and lender of debt instruments with substantially different terms, or a substantial modification of the terms of an existing financial liability or a part of it, be treated as an extinguishment of the original financial liability and the recognition of a new financial liability and, as such, judgment is applied in determining whether a modification is substantial. Upon initial recognition of the bridge loan facility (“Bridge Loan”) and then again on the initial recognition of the amended bridge loan facility (note 12), management used the effective interest rate method to allocate a fair value to the debt component of the loan, with the residual amount allocated to the equity component. Upon completion of the amendment, management performed an assessment of whether the modification was substantial and thus should be treated as an extinguishment of the original financial liability and the recognition of a new financial liability. The assessment determined that the modification was substantial, and upon derecognition of the original loan, a loss of $159 was recognized in the consolidated statement of loss and comprehensive loss for the year ended December 31, 2020. i) Share-based compensation The Company determines the fair value of share options granted using the Black-Scholes option pricing model. This option pricing model requires the development of market-based subjective inputs, including the risk-free interest rate, expected price volatility, and expected life of the option. Changes in these inputs and the underlying assumption used to develop them can materially affect the fair value estimate. j) Deferred tax assets and liabilities Management judgment and estimates are required in assessing whether deferred tax assets and deferred tax liabilities are recognized in the consolidated statements of financial position. Judgments are made as to whether future taxable profits will be available in order to recognize deferred tax assets. Assumptions about the generation of future taxable profits depend on management’s estimates of future cash flows. These depend on estimates of future production and sales volumes, commodity prices, reserves, operating costs, and other capital management transactions. These judgments and assumptions are subject to risk and uncertainty, and changes in circumstances may alter expectations which may impact the amount of deferred tax assets and deferred tax liabilities recognized on the consolidated statement of financial position and the benefit of other tax losses and temporary differences not yet recognized.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
aug_WorkExpendituresIncurredApplyingToFlowthroughShares
Significant Accounting Policies	a) Foreign currency translation The financial statements of the Company and each of its subsidiaries are prepared in its functional currency determined on the basis of the primary economic environment in which such entities operate. The presentation and functional currency of the Company and each of its subsidiaries is the Canadian dollar. Amounts in these financial statements denominated in United States dollars are denoted as US$. The functional currency of the previously held Peruvian subsidiaries was the United States dollar. Transactions in currencies other than the functional currency are recorded at the rates of exchange prevailing at the transaction dates. At each reporting date, monetary items denominated in foreign currencies are translated into the entity’s functional currency at the then prevailing rates and non-monetary items measured at historical cost are translated into the entity’s functional currency at rates in effect at the date the transaction took place. Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period or in previous financial statements are included in the consolidated statement of loss and comprehensive loss for the period in which they arise. b) Cash and cash equivalents Cash and cash equivalents consist of cash and highly liquid short-term investments that are readily convertible to cash and have maturities with terms of less than ninety days and/or with original maturities over ninety days but redeemable on demand without penalty. As at December 31, 2020 and 2019, the Company did not have any cash equivalents. c) Property and equipment Property and equipment is stated at cost less accumulated amortization and impairment losses. Amortization is calculated using the straight-line method over the estimated useful lives as follows: ● Computer equipment 3 years ● Machinery and equipment 5-10 years ● Right-of-use assets useful life or the lease term, whichever is shorter d) Mineral property interests and exploration expenditures Title to mineral properties involves certain inherent risks due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the frequently ambiguous conveyancing historical characteristic of many properties. The Company has investigated title to all of its mineral properties and, to the best of its knowledge, title to all of its properties is in good standing. The Company accounts for mineral property interests in accordance with IFRS 6 – Exploration for and evaluation of mineral properties Costs directly related to acquiring the legal right to explore a mineral property including acquisition of licenses, mineral rights, and similar acquisition costs are recognized and capitalized as mineral property interests. Acquisition costs incurred in obtaining the legal right to explore a mineral property are deferred until the legal right is granted and thereon reclassified to mineral property interests. Transaction costs incurred in acquiring an asset are deferred until the transaction is completed and then included in the purchase price of the asset acquired. Once the legal right to explore a property has been acquired, costs directly related to exploration and evaluation activities including, but not limited to, researching and analyzing existing exploration data, conducting geological studies, exploration drilling and sampling, and payments made to contractors and consultants in connection with the exploration and evaluation of the property, are expensed in the period in which they are incurred as exploration and evaluation costs on the consolidated statement of loss and comprehensive loss. Costs not directly attributable to exploration and evaluation activities, including general administrative overhead costs, are expensed as administrative costs in the period in which they occur. As the Company currently has no operational income, any incidental revenues earned in connection with exploration activities are applied as a reduction to exploration and evaluation costs. When a project is deemed to no longer have commercially viable prospects to the Company, all capitalized acquisition costs in respect of that project are deemed to be impaired. As a result, those costs, in excess of the estimated recoverable amount, are expensed to the consolidated statement of loss and comprehensive loss. The Company assesses mineral property interests for impairment when facts and circumstances suggest that the carrying amount of the asset may exceed its recoverable amount. The recoverable amount is the higher of the asset’s fair value less costs to sell and its value in use. Once the technical feasibility and commercial viability of extracting the mineral resources has been determined, the property is considered to be a mine under development at which point the assets and further related costs no longer fall under the guidance of IFRS 6. e) Cost-sharing structures Pursuant to the Eastmain acquisition, the Company acquired a 36.7% interest in the Éléonore South Joint Venture (note 4ii, 9). The arrangement has been scoped out of IFRS 11 – Joint arrangements f) Leases The Company assesses if a contract is or contains a lease at inception of the contract. Control is considered to exist if the contract conveys the right to control the use of an identified asset during the term of the lease. When a lease is identified, a right-of-use asset and a corresponding lease liability are recognized, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the Company recognizes the lease payments as an expense in profit or loss on a straight-line basis. Right-of-use assets, which are included in property and equipment, are recognized at cost, which is comprised of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs and decommissioning and restoration costs, less any lease incentives received. Right-of-use assets are depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date discounted by using the 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 liability are: ● fixed payments (including in-substance fixed payments), less any lease incentives receivable; ● variable payments that depend on an index or rate; ● amount expected to be payable by the lessee under residual value guarantees; ● exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and ● penalties for terminations, unless the Company is reasonably certain the options will not be exercised. g) Provisions Provisions are recorded when a present legal or constructive obligation exists as a result of past events where it is probable that an outflow of resources embodying economic benefit will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. h) Provision for site reclamation and closure An obligation to incur rehabilitation and site restoration costs arises when an environmental disturbance is caused by the exploration, development, or on-going production of a mineral property interest. Such costs arising from the decommissioning of plant and other site preparation work, discounted to their net present value, are provided for and capitalized at the start of each project as soon as the obligation to incur such costs arises, as well when changes in estimates occur year over year. These costs are charged to the statement of loss and comprehensive loss over the life of the operation through amortization and the unwinding of the discount in the provision. i) Impairment of non-financial assets At each reporting date, the Company reviews the carrying amounts of its assets to determine whether there are any indicators of impairment. If any such indicator exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. Where the asset does not generate cash inflows that are independent from other assets, the Company estimates the recoverable amount of the CGU to which the asset belongs. Any intangible asset with an indefinite useful life is tested for impairment annually and whenever there is an indication that the asset may be impaired. An asset’s recoverable amount is the higher of fair value less costs of disposal and value in use. 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 assessments of the time value of money and the risks specific to the asset for which estimates of future cash flows have not been adjusted. If the recoverable amount of an asset or CGU is estimated to be less than its carrying amount, the carrying amount is reduced to the recoverable amount and an impairment loss is recognized immediately in the statement of loss and comprehensive loss. Where an impairment subsequently reverses, the carrying amount is increased to the revised estimate of recoverable amount but only to the extent that this does not exceed the carrying value that would have been determined if no impairment had previously been recognized. A reversal of impairment is recognized in the statement of loss and comprehensive loss. j) Flow-through common shares Canadian income tax legislation permits companies to issue flow-through instruments whereby the income tax deductions generated by eligible expenditures of the Company, defined in the Income Tax Act k) Loss per share Basic loss per share is calculated by dividing the net loss available to common shareholders by the weighted average number of shares outstanding during the reporting period. The diluted loss per share is calculated by dividing the net loss available to common shareholders by the weighted average number of shares outstanding on a diluted basis. The weighted average number of shares outstanding on a diluted basis takes into account the additional shares for the assumed exercise of share options and warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding share options were exercised and that the proceeds from such exercises were used to acquire common shares at the average market price during the reporting period. Share consolidation On October 9, 2020, the Company consolidated the 112,340,434 common shares outstanding as of that date to 75,900,000 common shares in accordance with the terms of the Transaction. Shares reserved under the Company’s equity incentive plans and bonus warrants outstanding were adjusted to reflect the share consolidation. The Company then issued 34,100,000 common shares to the Eastmain shareholders to acquire Eastmain (note 4ii). All shares and per share data presented in the Company’s consolidated financial statements have been retroactively adjusted to reflect the share consolidation unless otherwise noted. l) Share-based compensation From time to time, the Company grants share options to employees and non-employees. An individual is classified as an employee, versus a non-employee, when the individual is an employee for legal or tax purposes (direct employee) or provides services similar to those performed by a direct employee. The fair value of share options, measured using the Black-Scholes option pricing model at the date of grant, is charged to the consolidated statement of loss and comprehensive loss over the vesting period. Performance vesting conditions and forfeitures are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. Where the terms and conditions of options are modified before they vest, any change in the fair value of the options, measured immediately before and after the modification, is also charged to the consolidated statement of loss and comprehensive loss over the remaining vesting period. Equity instruments granted to non-employees are recorded in the consolidated statement of loss and comprehensive loss at the fair value of the goods or services received, unless they are related to the issuance of shares. Amounts related to the issuance of shares are recorded as a reduction of share capital. When the value of goods or services received in exchange for a share-based payment cannot be reliably estimated, the fair value is measured by use of a valuation model. The expected life used in the model is adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioral considerations. All equity-settled share-based payments are recorded in the share option and warrant reserve until exercised. Upon exercise, shares are issued from treasury and the amount previously recorded in share option and warrant reserve is reclassified to share capital along with any consideration paid. m) Income taxes Income tax reported in the consolidated statement of loss and comprehensive loss for the period presented comprises current and deferred income tax. Income tax is recognized in the consolidated statement of loss and comprehensive loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity. Current income tax for each taxable entity in the Company is based on the local taxable income at the local statutory tax rate enacted or, substantively enacted, at the reporting date and includes any adjustments to tax payable or recoverable with regards to previous periods. Deferred income tax is determined using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred income tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using the expected future tax rates enacted or substantively enacted at the reporting date. A deferred income tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are offset only when there is a legally enforceable right to set off current tax assets against current tax liabilities, when they relate to income taxes levied by the same taxation authority and the Company intends to settle its tax assets and liabilities on a net basis. n) Financial instruments The Company recognizes financial assets and liabilities on its consolidated statement of financial position when it becomes a party to the contract creating the asset or liability. On initial recognition, all financial assets and liabilities are recorded by the Company at fair value, net of attributable transaction costs, except for financial assets and liabilities classified as fair value through profit or loss for which transaction costs are expensed in the period in which they are incurred. Amortized cost Financial assets that meet the following conditions are measured subsequently at amortized cost: ● the financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and ● the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the 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 loss allowance. Interest income is recognized using the effective interest method. The Company's financial assets at amortized cost primarily include cash, restricted cash, amounts receivable, and deposits. Fair value through other comprehensive income ("FVTOCI") Financial assets that meet the following conditions are measured at FVTOCI: ● the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and ● the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Company does not have any financial assets classified as FVTOCI at December 31, 2020. On initial recognition, the Company may make an irrevocable election (on an instrument-by-instrument basis) to designate investments in equity instruments that would otherwise be measured at fair value through profit or loss to present subsequent changes in fair value in other comprehensive income. Designation at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination. Investments in equity instruments at FVTOCI are initially measured at fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes in fair value recognized in OCI. The cumulative gain or loss is not reclassified to profit or loss on disposal of the equity instrument, instead, it is transferred to deficit. Financial assets measured subsequently at fair value through profit or loss (“FVTPL”) By default, all other financial assets are measured subsequently at FVTPL. The Company, at initial recognition, may also irrevocably designate a financial asset as measured at FVTPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. Financial assets measured at FVTPL are measured at fair value at the end of each reporting period, with any fair value gains or losses recognized in profit or loss to the extent they are not part of a designated hedging relationship. Fair value is determined in the manner described in note 21. Financial liabilities and equity Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements, and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all its liabilities. Equity instruments issued by the Company are recognized at the proceeds received, net of direct issue costs. Repurchase of the Company’s own equity instruments is recognized and deducted directly in equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue, or cancellation of the Company’s own equity instruments. Financial liabilities that are not contingent consideration of an acquirer in a business combination, held for trading, or designated as at FVTPL, are measured at amortized cost using the effective interest method. The Company's financial liabilities measured at amortized cost primarily include accounts payable and accrued liabilities, and prior to its extinguishment, the Bridge Loan (note 21). Impairment The Company recognizes a loss allowance for expected credit losses on its financial assets. 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. o) Discontinued operation A discontinued operation is a component of the Company that either has been disposed of or is classified as held for sale and: (i) represents a separate major line of business or geographical area of operation; (ii) is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operation; or (iii) is a subsidiary acquired exclusively with a view to resell. A component of the Company comprises an operation and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the Company. Resulting from the Transaction, the Company has classified the Peruvian properties as a discontinued operation and has presented them as such in the consolidated statement of loss and comprehensive loss and consolidated statement of cash flow. Comparative information has been restated to conform to the disclosure requirements. p) Comprehensive loss Other comprehensive loss is the change in net assets arising from transactions and other events and circumstances from non-owner sources. Comprehensive loss comprises net loss and other comprehensive loss. Foreign currency translation differences arising on translation of subsidiaries with a different functional currency are also included in other comprehensive loss. As of October 9, 2020, following the disposition of the Peruvian subsidiaries, Fury Gold does not have any foreign subsidiaries (note 4i). q) Changes in accounting standards The Company has adopted the following amended accounting standards and policies effective January 1, 2020: Amendments to IAS 1 – Presentation of Financial Statements Accounting Policies, Changes in Accounting Estimates and Errors In October 2018, the IASB issued Amendments to IAS 1 and IAS 8 to clarify the definition of material in IAS 1 and align the definition across the standards. The amendments are not intended to alter the underlying concept of materiality in IFRS standards. The concept of “obscuring” material information with immaterial information has been included as part of the new definition. The threshold for materiality influencing users has been changed from “could influence” to “could reasonably be expected to influence”. The definition of material in IAS 8 has been replaced by a reference to the definition of material in IAS 1. In addition, the IASB amended other Standards and the Conceptual Framework that contain a definition of material or refer to the term “material” to ensure consistency. The Company adopted the amendments to IAS 1 and IAS 8 effective January 1, 2020, which did not have a material impact on the Company’s consolidated financial statements. Amendments to IFRS 3 – Business Combinations In October 2018, the IASB issued narrow-scope amendments to IFRS 3 to help entities determine whether an acquired set of activities and assets is a business or not. The amendments, which are effective for annual reporting periods beginning on or after January 1, 2020, clarify the minimum requirements to be a business, remove the assessment of a market participant’s ability to replace missing elements, narrow the definition of outputs, add guidance to assess whether an acquired process is substantive, and introduce an optional concentration test to permit a simplified assessment. The Company applied the optional concentration test when performing an assessment of whether the acquisition of Eastmain comprised an asset acquisition or business combination. It was determined that the parameters of the concentration test were met; therefore, the transaction was determined to be an asset acquisition (note 4ii). Amendments to IFRS 16 – Leases To provide practical relief to lessees in accounting for rent concessions arising as a result of COVID-19, the IASB proposed an amendment to IFRS 16 which provide lessees with a practical expedient that relieves a lessee from assessing whether a COVID-19 related rent concession is a lease modification. The amendment is effective for annual reporting periods beginning on or after June 1, 2020, with earlier application permitted. This amendment is not expected to have a significant impact to the Company’s consolidated financial statements as the Company has not received any COVID-19 related rent concessions as of the date of these consolidated financial statements. New and amended standards not yet effective Certain new accounting standards and interpretations have been issued but were not effective for the year ended December 31, 2020, and they have not been early adopted. The Company is currently assessing the new and amended standards’ impact on its consolidated financial statements; however, they are not expected to have a material impact on the Company’s current or future reporting periods. Amendments to IAS 1 – Classification of Liabilities as Current or Non-current The amendments to IAS 1 affect only the presentation of liabilities as current or non-current in the statement of financial position and not the amount or timing of recognition of any asset, liability, income, or expenses, or the information disclosed about those items. The amendments clarify that the classification of liabilities as current or non-current is based on rights that are in existence at the end of the reporting period, specify that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability, explain that rights are in existence if covenants are complied with at the end of the reporting period, and introduce a definition of “settlement” to make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets, or services. The amendments are applied retrospectively for annual periods beginning on or after January 1, 2023, with early application permitted. Amendments to IAS 16 – Property, Plant and Equipment—Proceeds before Intended Use The amendments prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced before that asset is available for use, i.e. proceeds while bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Consequently, an entity recognises such sales proceeds and related costs in profit or loss. The entity measures the cost of those items in accordance with IAS 2 – Inventories The amendments also clarify the meaning of “testing whether an asset is functioning properly”. IAS 16 now specifies this as assessing whether the technical and physical performance of the asset is such that it is capable of being used in the production or supply of goods or services, for rental to others, or for administrative purposes. If not presented separately in the statement of comprehensive income or loss, the financial statements shall disclose the amounts of proceeds and cost included in profit or loss that relate to items produced that are not an output of the entity’s ordinary activities, and which line items in the statement of comprehensive income or loss include such proceeds and cost. The amendments are applied retrospectively, but only to items of property, plant and equipment that are brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after the beginning of the earliest period presented in the financial statements in which the entity first applies the amendments. The entity shall recognise the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings (or other component of equity, as appropriate) at the beginning of that earliest period presented. The amendments are effective for annual periods beginning on or after January 1, 2022, with early application permitted.

Acquisition of Eastmain and for

Acquisition of Eastmain and formation of Fury Gold	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about business combination [abstract]
Acquisition of Eastmain and formation of Fury Gold	On July 29, 2020, the Company, together with Eastmain, entered into a definitive Arrangement Agreement (the “Arrangement”) pursuant to which the Company would acquire all of the issued and outstanding shares of Eastmain. Eastmain’s principal asset is the 100%-owned Eau Claire gold project, located in James Bay, Québec. The Arrangement was contingent upon a corporate restructuring of the Company, together referred to as the “Transaction”. On October 5, 2020, the shareholders of both companies (Eastmain and the Company) approved the Transaction at the respective shareholder special meetings. Court approval from the British Columbia Supreme Court and the Ontario Superior Court of Justice was received on October 7, 2020, and the transaction closed on October 9, 2020 resulting in the formation of Fury Gold. The addition of the higher-grade Eau Claire project through the Eastmain acquisition provides the Company with an enhanced Canadian-focused portfolio of precious metals projects. The Transaction comprised the following: ■ the Company transferred its Peruvian exploration assets to two new companies, Tier One Silver Inc. and Sombrero Resources Inc., and distributed all the shares of the Spincos to the Company’s shareholders (note 4i); ■ the Company consolidated its issued and outstanding common shares by approximately 10:6.76 such that the 112,340,434 million shares then outstanding were consolidated to 75,900,000 shares (note 3k); ■ completed the acquisition of Eastmain by issuing 34,100,000 shares of the Company to the Eastmain shareholders for total fair value of consideration of $124,169 (note 4ii), and the Company thereafter became Fury Gold; and ■ following completion of the Transaction, the Company received net proceeds of $21,482 (which includes flow-through share proceeds of $17,500) from a subscription receipt financing which resulted in the issuance of a further 7,750,000 common shares of the Company, bringing the Fury Gold shares outstanding to 117,750,000 shares (note 15i). i. Spin off of Peruvian exploration projects The Company accounted for the transfer of the Peruvian exploration projects to the Spincos as a common control transaction based on the carrying value of the investments in the Peruvian subsidiaries and certain intercompany loans held by Fury Gold at the transaction date. This transfer is presented as a discontinued operation in the consolidated statement of loss and comprehensive loss and consolidated statement of cash flows for the year ended December 31, 2020; the comparative figures for 2019 have been restated to match this presentation. The carrying value of the net assets derecognized by Fury Gold and transferred to the Spincos consisted of the following: Net assets transferred Cash $ 12,781 Mineral property interests (note 9) 8,949 Other assets 277 Total assets 22,007 Accounts payable and accrued liabilities (1) (260 ) Total net assets 21,747 Acquisition costs paid on behalf of the Spincos 1,400 Total distribution to shareholders $ 23,147 (1) Accounts payable and accrued liabilities represents a $260 amount payable to Fury Gold by the Spincos. (2) The distribution reflects the derecognition of the recorded carrying value of the investments in the Peruvian subsidiaries at October 9, 2020. The fair value of those entities upon distribution was assessed as $67.7 million. The components of loss from discontinued operations on the statement of loss and comprehensive loss for the transfer of the Peruvian projects to the Spincos are as follows: Years ended December 31 2020 2019 Operating expenses: Exploration and evaluation costs (note 14) $ 2,892 $ 3,474 Fees, salaries and other employee benefits 243 240 Legal and professional fees 101 94 Office and administration 92 68 3,328 3,876 Other expenses: Project investigation costs 136 156 Impairment of mineral property interests (note 9) - 337 Foreign exchange loss 26 16 162 509 Loss from discontinued operations $ 3,490 $ 4,385 The net cash flows from the transfer of the Peruvian projects included as part of the net cash flows from discontinued operations are as follows: Years ended December 31 2020 2019 Net cash used in operating activities $ (3,224 ) $ (3,179 ) Net cash used in investing activities (1,210 ) (937 ) Net cash provided by financing activities - - ii. Acquisition of Eastmain Following the completion of the Transaction, the Company, through its wholly owned subsidiaries, holds 100% interests in the Eau Claire gold project, the Eastmain Mine project, and nine other properties in the James Bay region of Québec. Additionally, the Company holds a 36.7% interest in the Éléonore South Joint Venture. The Company concluded that the acquired assets and assumed liabilities of Eastmain did not constitute a business, and the acquisition of Eastmain was accounted for as an acquisition of an asset. The purchase price of $124,169 was calculated on the basis of the market capitalization of Auryn on October 9, 2020, adjusted for the fair value of the Peruvian assets distributed to the Spincos as of that date. The fair value of the Peruvian assets was determined through a valuation assessment undertaken by an independent specialist. Calculation of the fair value required application of significant judgment with regards to the determination of the probability of economic recoverability (note 3i). Additionally, acquisition costs of $3,029 and the expense of $3,450 arising from 1,570,754 share options and 1,297,591 warrants issued to former Eastmain share option and warrant holders were included in the total purchase price. The acquisition date fair value of the consideration paid consisted of the following: Purchase price Share consideration $ 117,690 Share options and warrants 3,450 Total equity consideration 121,140 Transaction costs attributable to Fury Gold 3,029 Total cost of acquisition $ 124,169 The fair value of the Company’s options and warrants issued were calculated using a Black-Scholes option pricing model with the following weighted average assumptions and inputs: (i) expected life – 1.9 years; (ii) weighted average expected volatility – 58%; (iii) expected dividend yield – 0%; (iv) risk-free interest rate – 0.35%; (v) share price – C$0.25. The purchase price was allocated to the fair value of Eastmain’s assets acquired and liabilities assumed as follows: Net assets acquired Cash $ 413 Marketable securities (note 6) 1,662 Mineral property interests (note 9) 125,606 Other assets 705 Total assets acquired 128,386 Accounts payable and accrued liabilities (1,203 ) Flow-through share premium (note 11) (590 ) Advances received for exploration on Éléonore South JV (316 ) Provision for site reclamation and closure (note 13) (1,849 ) Other liabilities (259 ) Total liabilities assumed (4,217 ) Total net assets acquired $ 124,169

Cash and Restricted Cash

Cash and Restricted Cash	12 Months Ended
	Dec. 31, 2020
Disclosure of Flow-through share liability [text block]
Cash and Restricted Cash	At December 31 2020 At December 31 2019 Components of cash and restricted cash: Cash $ 15,361 $ 660 Restricted cash 165 115 $ 15,526 $ 775 Restricted cash balance includes an amount of $75 (December 31, 2019 – $75) in connection with an irrevocable standby letter of credit in favor of Kitikmeot Inuit Association in connection with the Company’s Committee Bay project. Restricted cash is classified as a non-current asset and is not available for use within one year of the date of the consolidated statement of financial position.

Marketable Securities

Marketable Securities	12 Months Ended
	Dec. 31, 2020
aug_MajorAssumptionsMadeConcerningFutureEventsOtherProvisionsInflationRate
Marketable Securities	At December 31 2020 At December 31 2019 Balance, beginning of year $ 346 $ 186 Additions, upon acquisition of Eastmain (note 4ii) 1,662 - Additions (note 9) 102 - Unrealized net gains 565 160 Balance, end of the year $ 2,675 $ 346 As part of the acquisition of Eastmain, the Company acquired certain shares and warrants in publicly traded entities. The change in fair value for the acquired securities has been calculated for the period from the acquisition date of October 9, 2020 to December 31, 2020 and is included in unrealized net gains. Purchases and sales of marketable securities are accounted for as of the trade date.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2020
Property, plant and equipment [abstract]
Property and Equipment	Property and equipment is recorded at cost, and at December 31, 2020 and 2019 was comprised as follows: Machinery and equipment Office and computers Total Cost Balance at December 31, 2018 $ 2,300 $ - $ 2,300 Currency translation adjustment (2 ) - (2 ) Balance at December 31, 2019 $ 2,298 $ - $ 2,298 Additions - 259 259 Disposal of assets (142 ) - (142 ) Balance at December 31, 2020 $ 2,156 $ 259 $ 2,415 Accumulated depreciation Balance at December 31, 2018 $ (775 ) $ - $ (775 ) Depreciation for the year (252 ) - (252 ) Currency translation adjustment 1 - 1 Balance at December 31, 2019 $ (1,026 ) $ - $ (1,026 ) Depreciation for the year (235 ) (17 ) (252 ) Disposal of assets 85 - 85 Balance at December 31, 2020 $ (1,176 ) $ (17 ) $ (1,193 ) Net book value Balance at December 31, 2019 $ 1,272 $ - $ 1,272 Balance at December 31, 2020 $ 980 $ 242 $ 1,222 As part of the acquisition of Eastmain, the Company acquired certain property and equipment including machinery, computer hardware, and a right-of-use asset for a 5-year lease of office space that commenced on April 1, 2019 (note 4ii). Depreciation for the acquired assets has been calculated for the period from the acquisition date of October 9, 2020 to December 31, 2020. The corresponding lease liability is included in note 10. The following table summarizes the changes in the right-of-use asset included in property and equipment: Total Balance at December 31, 2019 $ - Acquired, upon acquisition of Eastmain (note 4ii) 236 Depreciation for the year (17 ) Balance at December 31, 2020 $ 219

Prepaid Expenses and Deposits

Prepaid Expenses and Deposits	12 Months Ended
	Dec. 31, 2020
Prepaid Expenses And Deposits
Prepaid Expenses and Deposits	At December 31 2020 At December 31 2019 Prepaid expenses and deposits related to exploration and evaluation expenditures $ 71 $ 359 Other prepaid expenses and deposits 957 441 Total prepaid expenses and deposits 1,028 800 Less: Prepaid expenses and deposits, non-current 243 149 Prepaid expenses and deposits, current $ 785 $ 651 On October 9, 2020, the Company transferred the prepaid amounts of $163 (December 31, 2019 – $192) related to surface rights agreements in Peru to the Spincos pursuant to the Transaction (note 4i).

Mineral Property Interests

Mineral Property Interests	12 Months Ended
	Dec. 31, 2020
Mineral Property Interests
Mineral Property Interests	The Company’s principal resource properties are located in Canada and prior to October 9,2020, in Peru (note 4). Québec Pursuant to the acquisition of Eastmain, the Company acquired interests in 12 properties within the James Bay district of Québec (note 4). The principal projects acquired were: Eau Claire The Company owns a 100% interest in the Eau Claire project located immediately north of the Eastmain reservoir, approximately 10 kilometres (“km”) northeast of Hydro Québec’s EM-1 hydroelectric power facility, 80 km north of the town of Nemaska, 320 km northeast of the town of Matagami, and 800 km north of Montreal, in the Eeyou Istchee James Bay Region of Québec. The property consists of map-designated claims totaling approximately 233 square kilometers (“km2”). Eastmain Mine The Eastmain Mine project hosts the Eastmain Mine gold deposit. The past-producing Eastmain Mine project comprises 152 mineral claims and an industrial lease. Located on the eastern most part of the Upper Eastmain River Greenstone Belt of the James Bay District of northern Québec, the property covers approximately 80 km2 of highly prospective terrain. In 2019, Benz Mining Corp (“Benz Mining”) entered into an option agreement with Eastmain to allow Benz Mining the option to earn a 75% interest in the Eastmain Mine property in return for making option payments of $2,320 between October 2019 and October 2023, and incurring exploration expenditures of $3,500 on the property. The option payments may be settled in both cash and shares. Upon completion of the first option to earn 75%, Benz Mining may acquire the remaining 25% interest upon payment of $1,000. This option agreement was subsequently amended in April 2020 to grant Benz Mining the option to earn up to 75% of the Ruby Hill properties located to the west of the Eastmain Mine project. During October 2020, the Company received option payments from Benz Mining totaling $150 in cash and Benz Mining shares with a fair value upon receipt of $102. Éléonore South Joint Venture The Éléonore South Joint Venture project consists of two separate blocks of map-designed claims, comprising a total of 282 claims covering approximately 147 km2 of the Opinaca area of James Bay, Québec. The Éléonore West block consists of 34 mineral claims covering approximately 18 km2, while the Éléonore South block contains 248 claims extending over an area of approximately 130 km2. The project is a three-way joint venture agreement between Eastmain, Azimut Exploration Inc. (“Azimut”), and Goldcorp Canada Ltd, a wholly owned subsidiary of Newmont Corporation. Project ownership is based on participation in the funding of annual exploration programs. As such, the project is held by the joint operation partners approximately as follows: Fury Gold 36.7%; Goldcorp Canada Ltd 36.7%, and Azimut 26.6%. The Company is currently designated as operator. Nunavut Committee Bay The Company, through its wholly owned subsidiary North Country, owns a 100% interest in the Committee Bay project located in Nunavut, Canada. The Committee Bay project includes approximately 280,000 hectares situated along the Committee Bay Greenstone Belt located within the Western Churchill province of Nunavut. The Committee Bay project is subject to a 1% Net Smelter Royalty (“NSR”) on gold production, with certain portions subject to an additional 1.5% NSR. The 1.5% NSR is payable on only 7,596 hectares and can be purchased by the Company within two years of commencement of commercial production for $2,000 for each one-third (0.5%) of the 1.5% NSR. Gibson MacQuoid In 2017, the Company acquired a number of prospecting permits and mineral claims along the Gibson MacQuoid Greenstone Belt in Nunavut, Canada. In 2019, the Company staked additional claims, which overlapped the Company’s prospecting claims that expired in February 2020, to maintain a contiguous land package over the Company’s current areas of interest. The Company’s claims, which are located between the Meliadine deposit and Meadowbank mine, cover approximately 120 km of strike length of the prospective greenstone belt total 51,622 hectares collectively. British Columbia Homestake Ridge The Company, through its wholly owned subsidiary Homestake, owns a 100% interest in the Homestake Ridge project subject to various royalty interests held by third parties not exceeding 2%. The project covers approximately 7,500 hectares and is located in the Iskut-Stewart-Kisault gold belt in northwestern British Columbia. Costs capitalized as mineral property interests The following is a continuity of the Company’s mineral property acquisition costs: Québec Nunavut British Columbia Peru(3) Total Balance at December 31, 2018 $ - $ 18,871 $ 16,060 $ 4,141 $ 39,072 Additions - 11 - 949 960 Impairment of mineral property interests (1) - - - (337 ) (337 ) Change in estimate of provision for site reclamation and closure (note 13) - 203 - - 203 Currency translation adjustment - - - (184 ) (184 ) Balance at December 31, 2019 $ - $ 19,085 $ 16,060 $ 4,569 $ 39,714 Additions - - - 4,246 4,246 Eastmain acquisition, mineral property interests acquired (note 4ii) 125,606 - - - 125,606 Option payment received (2) (252 ) - - - (252 ) Dispositions (note 4i) - - - (8,949 ) (8,949 ) Change in estimate of provision for site reclamation and closure (note 13) - 273 - - 273 Currency translation adjustment - - - 134 134 Balance at December 31, 2020 $ 125,354 $ 19,358 $ 16,060 $ - $ 160,772 (1) (2) During the fourth quarter of 2020, the Company received an option payment comprising $150 cash and 124,177 shares in Benz Mining with a fair value upon date of receipt of $102 for the Ruby Hill property. (3) On October 9, 2020, the Peruvian operations were spun out to the Spincos as part of the Transaction (note 4i) and are disclosed as discontinued operations in the consolidated statement of loss and comprehensive loss and consolidated statement of cash flows.

Lease Liability

Lease Liability	12 Months Ended
	Dec. 31, 2020
Lease liabilities [abstract]
Lease Liability	As part of the Eastmain acquisition, the Company acquired a right-of-use asset for a 5-year lease of office space that commenced on April 1, 2019. At the date of the acquisition, the right-of-use asset and corresponding lease liability were measured at fair value as part of the purchase price allocation (note 4ii). The right-of-use asset is recorded in property and equipment (note 7), and the corresponding lease liability was as follows: At December 31 2020 Balance, beginning of year $ - Additions, upon acquisition of Eastmain (note 4ii) 259 Interest expense 14 Lease payments (25 ) Balance, end of the year $ 248 Classified as: Current $ 55 Non-current 193 $ 248 Under 1 year Between 1 – 2 years Between 3 – 5 years Total Remaining lease payments $ 55 $ 70 $ 123 $ 248

Flow-through Share Premium Liab

Flow-through Share Premium Liability	12 Months Ended
	Dec. 31, 2020
September 22, 2017 [member]
Flow-through Share Liability	Flow-through shares are issued at a premium, calculated as the difference between the price of a flow-through share and the price of a common share at that date. Tax deductions generated by eligible expenditures are passed through to the shareholders of the flow-through shares once the eligible expenditures are incurred and renounced. In July 2019, the Company completed a non-brokered flow-through private placement. The placement consisted of 633,334 flow-through common shares (pre-consolidation) priced at $3.00 per flow-through share (pre-consolidation) for gross proceeds of $1.9 million which were to be used exclusively for exploration on the Committee Bay project. The flow-through spending commitment was fulfilled . In July 2020, in response to the economic impact of COVID-19, the Government of Canada extended the timelines for eligible expenditures from 24 to 36 months. In September 2020, the Company completed an equity financing by raising gross proceeds of $23 million (the “September 2020 Offering”) through the issuance of 7,750,000 subscription receipts (the “Subscription Receipts”); gross proceeds were held in escrow until the completion of the Transaction on October 9, 2020. Out of the Subscription Receipts sold, 5,000,000 were flow-through receipts for gross proceeds of $17.5 million and were exchanged for Fury Gold common shares designated as flow-through shares, while 2,750,000 Subscription Receipts were sold as non-flow-through for gross proceeds of $5.5 million and exchanged for Fury Gold common shares. The flow-through proceeds will be used for mineral exploration in Québec. The Company is committed to incur exploration expenditures before December 31, 2022 in the amount of $17.5 million, which was renounced to investors in December 2020. As a result of the acquisition of Eastmain (note 4ii), the Company assumed a flow-through share premium liability of $590, representing the remaining expenditures to be incurred on the Québec projects before December 31, 2022, and which was renounced to investors in December 2020. The flow-through share funding and expenditures along with the corresponding impact on the flow-through share premium liability were as follows: Flow-through funding and expenditures Flow-through Québec Nunavut British Columbia Total premium liability Balance at December 31, 2018 $ - $ 433 $ 737 $ 1,170 $ 317 Flow-through funds raised - 1,900 - 1,900 557 Flow-through eligible expenditures - (2,309 ) (737 ) (3,046 ) (867 ) Balance at December 31, 2019 $ - $ 24 $ - $ 24 $ 7 Flow-through liability assumed 2,391 - - 2,391 590 Flow-through funds raised 17,500 - - 17,500 7,500 Flow-through eligible expenditures (1,812 ) (24 ) - (1,836 ) (453 ) Balance at December 31, 2020 $ 18,079 $ - $ - $ 18,079 $ 7,644

Bridge Loan

Bridge Loan	12 Months Ended
	Dec. 31, 2020
Disclosure of accounting policy for flow-through shares [text block]
Bridge Loan	In 2019, the Company entered the Bridge Loan for $3 million with a private lender (the “Lender”). The Bridge Loan originally bore interest at 10%, payable annually or on repayment of the principal, and had a term of one year from the date of advancement (the “Maturity Date”). The Bridge Loan was secured by a first charge general security agreement over all of the Company’s present and future assets. On February 5, 2020, concurrent with the closing of the first tranche of a non-brokered private equity placement (the “February 2020 Offering”) (note 15iv), the Company entered into a loan amendment (“Bridge Loan Amendment”) which provided mutual conversion rights to the Lender and the Company, and also reduced the annual interest rate from 10% to 5% from the date of amendment. Under the terms of the Bridge Loan Amendment, the Lender had the right to convert the $3 million of principal that had been advanced to date and $123 of interest that had accrued into common shares at the price of $2.37 ($1.60 pre-consolidation) (the “Amended Bridge Loan”). In accordance with IFRS 9, the Company derecognizes a financial liability when, and only when, its obligations are discharged, cancelled, or have expired, and at that time recognizes a gain or loss through the consolidated statement of loss and comprehensive loss, calculated as the difference between the carrying amount of the financial liability derecognized and the consideration paid. The exchange with the existing lender of one debt instrument for another debt instrument with substantially different terms is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, if a substantial modification was made to the terms of an existing liability or part of it, such modification is also treated as an extinguishment of the original financial liability and the recognition of a new liability. The Company assessed the Bridge Loan Amendment and determined that it resulted in a substantial modification, being that there was a conversion feature for the full amount of the Amended Bridge Loan. As a result, it was necessary to derecognize the Bridge Loan and record the Amended Bridge Loan. Consistent with the original accounting for the Bridge Loan, the Amended Bridge Loan was identified as a compound instrument with separate components, being the debt and the conversion feature, which were classified as a financial liability and an equity instrument, respectively. Again, the Company used the residual method to determine the allocation of the Amended Bridge Loan between the liability and equity component, by first determining the fair value of the debt, discounted at an effective interest rate of 18%, and allocating the residual value, net of deferred taxes, to the equity component. The following table reflects the carrying values of the liability and equity components of the Amended Bridge Loan on initial recognition: Liability component Equity component Total Amended Bridge Loan $ 2,912 $ 211 $ 3,123 Deferred tax impact - (57 ) (57 ) Impact on statement of financial position $ 2,912 $ 154 $ 3,066 In relation to the derecognition of the Bridge Loan and the recording of the Amended Bridge Loan, a loss was recorded through the consolidated statement of loss and comprehensive loss calculated as follows: Carrying value of Bridge Loan to be derecognized $ 2,981 Amended Bridge Loan assumed, including transaction costs incurred 3,140 Loss on derecognition of Bridge Loan $ 159 On July 7, 2020, the Amended Bridge Loan was converted to 1,318,877 (1,952,084 pre-consolidation) common shares at a price of $2.37 ($1.60 pre-consolidation) per share. Of the aggregate shares issued, 1,266,797 (1,875,000 pre-consolidation) of the shares were issued for the $3 million principal loan and 52,080 (77,084 pre-consolidation) were issued in satisfaction of the $123 of interest that accrued at a rate of 10% per annum up to the date of the loan amendment. The balance of the interest on the loan, that accrued at a rate of 5% per annum, was then settled in cash to the Lender. Fair value of Amended Bridge Loan on initial recognition $ 2,912 Finance expense 209 Finance expense paid in cash (64 ) Closing balance at July 7, 2020 $ 3,057 In relation to the derecognition of the Amended Bridge Loan as a result of conversion, a loss was recorded through the consolidated statement of loss and comprehensive loss calculated as follows: Carrying value of Amended Bridge Loan to be derecognized $ 3,057 Loss on extinguishment of Amended Bridge Loan $ 65

Provision for Site Reclamation

Provision for Site Reclamation and Closure	12 Months Ended
	Dec. 31, 2020
Provision For Site Reclamation And Closure
Provision for Site Reclamation and Closure	The Company recognizes a provision for site reclamation and closure, which reflects the present value of the estimated amount of cash flows required to satisfy the asset retirement obligation in respect of the Committee Bay and Eau Claire properties. The components of this obligation are the removal of equipment currently being used at the site as well as costs associated with the reclamation of the camp housing and work sites on the property. The estimate of future asset retirement obligations is subject to change based on amendments to applicable laws, management’s intentions, and mining lease renewals. The key assumptions used to calculate the present value of the future estimated cash flows of the Company’s projects are as follows: ■ Undiscounted cash flow obligation for site reclamation of $5,060 (December 31, 2019 – $2,658); ■ Expected timing of future cash flows is based on mining leases expiration, which is between the years 2026 and 2041; ■ Annual inflation rate of 2% (December 31, 2019 – 2%); and ■ Risk-free interest rate of 1.21% (December 31, 2019 – 1.76%). The present value of the liability for the site reclamation and closure provision for the Company’s projects was as follows: Québec Committee Bay Total Balance at December 31, 2018 $ - $ 1,891 $ 1,891 Accretion - 40 40 Change in estimate - 203 203 Balance at December 31, 2019 $ - $ 2,134 $ 2,134 Provision, assumed on acquisition of Eastmain (note 4ii) 1,849 - 1,849 Accretion 5 29 34 Change in estimate - 273 273 Balance at December 31, 2020 $ 1,854 $ 2,436 $ 4,290

Exploration and Evaluation Cost

Exploration and Evaluation Costs	12 Months Ended
	Dec. 31, 2020
aug_OtherProvisionsUndiscountedCashFlows
Exploration and Evaluation Costs	For the years ended December 31, 2020 and 2019, the Company’s exploration and evaluation costs were as follows: Québec Nunavut British Columbia Total Peru(1) Assaying $ 83 $ 118 $ 27 $ 228 $ 16 Exploration drilling 599 28 - 627 - Camp cost, equipment and field supplies 163 245 28 436 340 Geological consulting services 124 2 194 320 291 Geophysical analysis 110 - - 110 46 Permitting, environmental and community costs - 54 69 123 1,372 Expediting and mobilization - 5 - 5 10 Salaries and wages 506 369 116 991 543 Fuel and consumables 190 - - 190 9 Aircraft and travel 98 - 2 100 53 Share-based compensation 383 116 29 528 212 Total for the year ended December 31, 2020 $ 2,256 $ 937 $ 465 $ 3,658 $ 2,892 Québec Nunavut British Columbia Total Peru(1) Assaying $ - $ 163 $ 72 $ 235 $ 76 Exploration drilling - 378 - 378 - Camp cost, equipment and field supplies - 336 149 485 278 Geological consulting services - 145 200 345 568 Geophysical analysis - 143 169 312 - Permitting, environmental and community costs - 189 61 250 1,182 Expediting and mobilization - 102 26 128 27 Salaries and wages - 614 174 788 427 Fuel and consumables - 36 40 76 23 Aircraft and travel - 703 187 890 110 Share-based compensation - 218 117 335 783 Total for the year ended December 31, 2019 $ - $ 3,027 $ 1,195 $ 4,222 $ 3,474 (1) On October 9, 2020, the Peruvian operations were spun out to the Spincos as part of the Transaction (note 4i), and are disclosed as discontinued operations in the consolidated statement of loss and comprehensive loss and consolidated statement of cash flows.

Share Capital

Share Capital	12 Months Ended
	Dec. 31, 2020
Share Capital Abstract
Share Capital	Authorized Unlimited common shares without par value. Unlimited preferred shares – nil issued and outstanding. Share issuances i. In September 2020, the Company issued 7,750,000 Subscription Receipts, the gross proceeds of which were held in escrow until subsequently exchanged for shares of the Company pursuant to completion of the Transaction on October 9, 2020. Out of the Subscription Receipts sold, 5,000,000 were flow-through receipts for gross proceeds of $17.5 million and were exchanged for Fury Gold common shares designated as flow-through shares (note 11), while 2,750,000 Subscription Receipts were sold as non-flow-through common shares for gross proceeds of $5.5 million and exchanged for Fury Gold common shares. Share issue costs related to the September 2020 Offering totaled $1,518, which included $1,283 in commissions and $235 in other issuance costs. A reconciliation of the impact of the September 2020 Offering on share capital is as follows: Number of common shares Impact on share capital Flow-through shares issued at $3.50 per share 5,000,000 $ 17,500 Less: flow-through share premium liability (note 11) - (7,500 ) Common shares issued at $2.00 per share 2,750,000 5,500 Cash share issue costs - (1,518 ) Proceeds net of share issue costs 7,750,000 $ 13,982 ii. On September 3, 2020, the Company issued 743,187 (1,100,000 pre-consolidation) common shares at a price of $4.29 ($2.90 pre-consolidation) per share as part of the consideration made for the purchase of the Alturas concessions in Sombrero. iii. On July 7, 2020, the Company converted the Amended Bridge Loan to 1,318,877 (1,952,084 pre-consolidation) common shares at a price of $2.37 ($1.60 pre-consolidation) per share. Of the aggregate shares issued, 1,266,797 (1,875,000 pre-consolidation) were issued for the $3 million principal loan and 52,080 (77,084 pre-consolidation) were issued in satisfaction of $123 of interest that accrued at a rate of 10% per annum up to the date of the loan amendment (note 12). iv. On February 6, 2020, the Company closed the February 2020 Offering, a non-brokered private equity placement, for gross proceeds of $15 million which was closed in two tranches and consisted of 6,333,984 (9,375,000 pre-share consolidation) common shares priced at $2.37 ($1.60 pre-consolidation) per share. Share issue costs related to the February 2020 Offering totaled $247, which included $59 in commissions and $188 in other issuance costs. A reconciliation of the impact of the February 2020 Offering on share capital is as follows: Number of common shares Impact on share capital Common shares issued at $2.37 per share 6,333,984 $ 15,000 Cash share issue costs - (247 ) Proceeds net of share issue costs 6,333,984 $ 14,753 v. During the year ended December 31, 2020, 3,228,182 shares (post-consolidation) were issued as a result of share options being exercised with a weighted average exercise price of $2.42 for gross proceeds of $7,799. An amount of $4,690 attributed to these share options was transferred from the equity reserves and recorded against share capital.

Share Option and Warrant Reserv

Share Option and Warrant Reserves	12 Months Ended
	Dec. 31, 2020
Share Option And Warrant Reserves
Share Option and Warrant Reserves	Share-based compensation expense The Company uses the fair value method of accounting for all share-based payments to directors, officers, employees, and other service providers. During the years ended December 31, 2020 and 2019, the Company recognized share-based compensation expense as follows: Years ended December 31 2020 2019 Recognized in net loss from continuing operations and included in: Exploration and evaluation costs $ 528 $ 335 Fees, salaries and other employee benefits 2,002 2,212 $ 2,530 $ 2,547 Recognized in net loss from discontinued operations 239 853 Total share-based compensation expense $ 2,769 $ 3,400 During the year ended December 31, 2020, the Company granted 4,180,672 (December 31, 2019 – 3,295,000) share options to directors, officers, employees, and other service providers. The weighted average fair value per option of these share options was calculated as $1.08 (December 31, 2019 – $1.14) using the Black-Scholes option valuation model at the grant date. The fair value of the share-based options granted during the years ended December 31, 2020 and 2019 were estimated using the Black-Scholes option valuation model with the following weighted average assumptions: Years ended December 31 2020 2019 Risk-free interest rate 0.36% 1.59% Expected dividend yield Nil Nil Share price volatility 68% 62% Expected forfeiture rate 0% 0% Expected life in years 4.90 4.33 The risk-free interest rate assumption is based on the Government of Canada benchmark bond yields and treasury bills with a remaining term that approximates the expected life of the share-based options. The expected volatility assumption is based on the historical and implied volatility of the Company’s common shares. The expected forfeiture rate and the expected life in years are based on historical trends. Share option plan The Company maintains a rolling share option plan providing for the issuance of share options up to 10% of the Company’s issued and outstanding common shares at the time of the grant. The Company may grant share options from time to time to its directors, officers, employees, and other service providers. The share options vest as to 25% on the date of the grant and 12.5% every three months thereafter for a total vesting period of 18 months. Eastmain’s 14.3 million outstanding share options as at October 9, 2020 were converted to 1.6 million of Fury Gold share options for a fair value of $1,890, pursuant to the Transaction (note 4ii). The number of share options issued and outstanding and the weighted average exercise price, both of which were adjusted for the share consolidation which occurred on October 9, 2020 (note 3k), were as follows: Number of share options Weighted average exercise price ($/option)(1) Outstanding, December 31, 2018 4,192,253 $ 2.74 Granted 2,226,184 2.83 Exercised (625,798 ) 0.92 Expired (155,394 ) 3.45 Forfeited (34,626 ) 2.80 Outstanding, December 31, 2019 5,602,619 $ 2.96 Granted 5,857,459 2.42 Exercised (3,228,182 ) 2.42 Expired (20,272 ) 2.90 Forfeited (70,620 ) 2.61 Outstanding, December 31, 2020 8,141,004 $ 2.67 (1) The exercise price of issued share options prior to October 9, 2020 were adjusted downwards by $0.95, pursuant to the Transaction, reflecting the fair value of the Peruvian projects allocated to the Spincos. The above weighted average exercise prices were retrospectively adjusted to reflect this change. As at December 31, 2020, the number of share options outstanding, adjusted for the share consolidation which occurred on October 9, 2020 (note 3k), was as follows: Options outstanding Options exercisable Exercise price ($/option) Number of shares Weighted average exercise price ($/option) Weighted average remaining life (years) Number of shares Weighted average exercise price ($/option) Weighted average remaining life (years) $ 0.56 – $1.95 1,596,218 1.68 3.91 1,418,418 1.49 3.74 $ 2.05 – $5.31 6,308,503 2.68 3.46 3,334,753 2.90 2.26 $ 7.54 – $9.86 207,113 8.60 1.06 207,113 8.60 1.06 $ 12.94 29,170 12.94 0.32 29,170 12.94 0.32 8,141,004 2.67 3.48 4,989,454 2.80 2.62 Share purchase warrants As part of the acquisition of Eastmain, 11.1 million warrants were converted to 1.3 million of Fury Gold warrants for a fair value of $1,560 (note 4ii). On September 12, 2019, the Company issued 337,813 (500,000 pre-consolidation) warrants in connection with the Bridge Loan (note 12). The warrants have a term of three years from the date of issue and each warrant is exercisable into one common share of the Company at a price of $2.96 ($2.00 pre-consolidation) per common share. As the Bridge Loan was identified as a compound instrument with debt and equity components, the fair value of the share purchase warrants was determined as the residual value net of deferred taxes after the fair value of the debt component was determined. The number of share purchase warrants outstanding at December 31, 2020, adjusted for the share consolidation which occurred on October 9, 2020 (note 3k), was as follows: Warrants outstanding Exercise price ($/share) Outstanding at December 31, 2018 - $ - Issued 337,813 2.96 Outstanding at December 31, 2019 337,813 $ 2.96 Issued 1,297,591 1.33 Exercised (8,664 ) 1.46 Outstanding at December 31, 2020 1,626,740 $ 1.66 The following table reflects the warrants issued and outstanding as of December 31, 2020: Expiry date Warrants outstanding Exercise price ($/share) May 8, 2021 541,744 1.46 October 24, 2021 334,993 1.37 March 6, 2022 189,613 1.11 March 9, 2022 222,577 1.11 September 12, 2022 337,813 2.96 Total 1,626,740 1.66

Related Party Balances and Tran

Related Party Balances and Transactions	12 Months Ended
	Dec. 31, 2020
Related party transactions [abstract]
Related Party Balances and Transactions	All transactions with related parties have occurred in the normal course of operations. All amounts are unsecured, non-interest bearing, and have no specific terms of settlement, unless otherwise noted. Related parties Years ended December 31 2020 2019 Universal Mineral Services Ltd. Exploration and evaluation costs: Québec $ 157 $ - Nunavut 200 301 British Columbia 106 154 Peru 152 221 Fees, salaries and other employee benefits 284 346 Insurance - 3 Legal and professional fees 12 2 Marketing and investor relations 141 85 Office and administration 460 327 Project investigation costs 170 44 Total transactions for the year $ 1,682 $ 1,483 (1) Universal Mineral Services Ltd. (“UMS”) is a private company with one director in common, Mr. Ivan Bebek. UMS provides geological, financial, and transactional advisory services as well as administrative services to the Company on an ongoing, cost recovery basis. Having these services available through UMS, on an as needed basis, allows the Company to maintain a more efficient and cost-effective corporate overhead structure by hiring fewer full-time employees and engaging outside professional advisory firms less frequently. The agreement has an indefinite term and can be terminated by either party upon providing due notice. The outstanding balance owing at December 31, 2020, was $109 (December 31, 2019 – $235) which is included in accounts payable. In addition, the Company had $150 on deposit with UMS as at December 31, 2020 (December 31, 2019 – $150) which is included in prepaid expenses and deposits. Key management personnel Pursuant to the Transaction and the creation of the Company, key management personnel was redefined to include Fury Gold’s board of directors and certain executive officers of the company, including the Chief Executive Officer and Chief Financial Officer. The remuneration of the Company’s directors and other key management personnel was as follows: Years ended December 31 2020 2019 Short-term benefits provided to executives (1)(2) $ 1,985 $ 1,469 Directors’ fees paid to non-executive directors 313 154 Share-based payments (2) 1,998 2,244 Total (3) $ 4,296 $ 3,867 (1) Short-term employee benefits include salaries, bonuses payable within twelve months of the date of the consolidated statement of financial position, and other annual employee benefits. (2) As a result of the Transaction and the formation of a new board of directors and management team, certain former key management personnel of the Company were provided with transition contracts to support the formation of Fury Gold. For the period from October 9, 2020 to December 31, 2020, $79 of short-term benefits and $283 of share-based payment expense was recognized in respect of these transition arrangements. (3) The renumeration for key management personnel in the table is the combined total for both continuing operations and the discontinued operation of the Peru properties transferred to the Spincos (note 4i).

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2020
Statement of cash flows [abstract]
Supplemental Cash Flow Information	The impact of changes in non-cash working capital was as follows: Years ended December 31 2020 2019 Amounts receivable $ (582 ) $ 3 Prepaid expenses and deposits (242 ) 100 Accounts payable and accrued liabilities (72 ) 182 Changes in non-cash working capital $ (896 ) $ 285

Segmented Information

Segmented Information	12 Months Ended
	Dec. 31, 2020
Disclosure of operating segments [abstract]
Segmented Information	The results of the operating segments are reviewed by the Company’s key decision maker to make decisions about resources to be allocated to the segments and to assess their performance. The Company operates in one reportable operating segment, being the acquisition, exploration and development of mineral resource properties. Geographic segmentation of non-current assets at December 31, 2020 and 2019 was as follows: Canada Peru(1) Total Restricted cash $ 165 $ - $ 165 Prepaid expenses and deposits, non-current 243 - 243 Property and equipment, net 1,222 - 1,222 Mineral property interests 160,772 - 160,772 Balance at December 31, 2020 $ 162,402 $ - $ 162,402 Canada Peru(1) Total Restricted cash $ 115 $ - $ 115 Prepaid expenses and deposits, non-current - 149 149 Property and equipment, net 1,202 70 1,272 Mineral property interests 35,145 4,569 39,714 Balance at December 31, 2019 $ 36,462 $ 4,788 $ 41,250

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2020
Earnings per share [abstract]
Loss Per Share	For the years ended December 31, 2020 and 2019, the weighted average number of shares outstanding and loss per share from continuing operations, adjusted for the share consolidation which occurred on October 9, 2020 (note 3k), were as follows: Years ended December 31 2020 2019 Loss for the year from continuing operations $ 10,763 $ 9,548 Loss for the year 14,253 13,933 Weighted average number of shares outstanding 80,397,193 63,487,241 Basic and diluted loss per share from continuing operations $ 0.13 $ 0.15 Basic and diluted loss per share $ 0.18 $ 0.22 All of the outstanding share options and share purchase warrants at December 31, 2020 and 2019 were anti-dilutive for the years then ended as the Company was in a loss position.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about financial instruments [abstract]
Financial Instruments	The Company’s financial instruments consist of cash, marketable securities, amounts receivable, deposits, accounts payable and accrued liabilities, and prior to its extinguishment, the Bridge Loan (note 12). The fair values of these financial instruments approximate their carrying values, unless otherwise noted. Financial assets and liabilities by categories At December 31, 2020 At December 31, 2019 Amortized Cost FVTPL Total Amortized Cost FVTPL Total Cash $ 15,361 $ - $ 15,361 $ 660 $ - $ 660 Marketable securities - 2,675 2,675 - 346 346 Deposits 243 - 243 218 - 218 Total financial assets 15,604 2,675 18,279 878 346 1,224 Accounts payable and accrued liabilities 3,280 - 3,280 1,067 - 1,067 Bridge loan - - - 2,931 - 2,931 Total financial liabilities $ 3,280 $ - $ 3,280 $ 3,998 $ - $ 3,998 Financial assets and liabilities measured at fair value The categories of the fair value hierarchy that reflect the significance of inputs used in making fair value measurements are as follows: Level 1 – fair values based on unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 – fair values based on inputs that are observable for the asset or liability, either directly or indirectly; and Level 3 – fair values based on inputs for the asset or liability that are not based on observable market data. The Company’s policy to determine when a transfer occurs between levels is to assess the impact at the date of the event or the change in circumstances that could result in a transfer. No transfers occurred between the levels during the year. The Company’s financial instruments measured at fair value on a recurring basis as at December 31, 2020 and 2019 were as follows: At December 31 2020 2019 Level 1 Level 2(1) Level 1 Level 2 Cash $ 15,361 $ - $ 660 $ - Marketable securities 2,165 510 346 - (1) Marketable securities included in level 2 include warrants that are valued using an option pricing model which utilizes a combination of quoted prices and market-derived inputs, including volatility estimates. During the year ended December 31, 2020, there were no financial assets or financial liabilities measured and recognized on the consolidated statement of financial position at fair value that would be categorized as level 3 in the fair value hierarchy. Financial instruments and related risks The Company’s financial instruments are exposed to credit risk, liquidity risk, and market risks, which include currency risk and interest rate risk. As at December 31, 2020, the primary risks were as follows: Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities. The Company proactively manages its capital resources and has in place a budgeting and cash management process to help determine the funds required to ensure the Company has the appropriate liquidity to meet its current project development plans and achieve its growth objectives. The Company ensures that there is sufficient liquidity available to meet its short-term business requirements, taking into account its anticipated cash outflows from exploration and development activities, and its holdings of cash and marketable securities. The Company monitors and adjusts, when required, these exploration and development programs as well as corporate administrative costs to ensure that adequate levels of working capital are maintained. As at December 31, 2020, the Company had unrestricted cash of $15,361 (December 31, 2019 – $660), working capital of $8,353 (December 31, 2019 – working capital deficit of $2,293), which the Company defines as current assets less current liabilities, and an accumulated deficit of $139,959 (December 31, 2019 – $102,604). The Company notes that the flow-through share premium liability, which reduced the Company working capital by $7,644, is not settled through cash payment. Instead, the flow-through share premium liability will be drawn down as the Company incurs exploration expenditures for the Eau Claire project. During the year ended December 31, 2020, Fury Gold incurred a loss of $14,253 (December 31, 2019 – $13,933) and expects to continue to incur operating losses in relation to exploration activities. With no source of operating cash flow, there is no assurance that sufficient funding will be available to conduct further exploration and development of its mineral properties. The Company’s contractual obligations are as follows: Within 1 year 2 to 3 years Over 3 years At December 31 2020 Accounts payable and accrued liabilities $ 3,280 $ - $ - $ 3,280 Québec flow-through expenditure requirements - 18,079 - 18,079 Undiscounted lease payments 179 358 225 762 Total $ 3,459 $ 18,437 $ 225 $ 22,121 Additionally, the Company is obligated to pay in perpetuity an annual payment of $50 pursuant to certain royalty arrangements on the Homestake Ridge project. The Company also makes certain payments arising on mineral claims and leases on an annual or biannual basis to ensure the properties remain in good standing. In 2021, the Company estimates expenditures of $470 in respect of these claims and leases at the Company’s projects. Market risk This is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Significant market risks to which the Company is exposed are as follows: i. Currency risk The Company is exposed to currency risk by having balances and transactions in currencies that are different from its functional currency (the Canadian dollar). As at December 31, 2020 and December 31, 2019, the Company’s foreign currency exposure related to its financial assets and liabilities held in US dollars was as follows: At December 31 2020 2019 Financial assets denominated in foreign currencies $ 399 $ 55 Financial liabilities denominated in foreign currencies (41 ) (80 ) $ (358 ) $ (25 ) A 10% increase or decrease in the US dollar to Canadian dollar exchange rate would not have a material impact on the Company’s net loss. ii. Price risk The Company holds certain investments in marketable securities (note 6) which are measured at fair value, being the closing share price of each equity security at the date of the consolidated statement of financial position. The Company is exposed to changes in share prices which would result in gains and losses being recognized in the loss for the year. A 10% increase or decrease in the Company’s marketable securities’ share prices would not have a material impact on the Company’s net loss.

Management of Capital

Management of Capital	12 Months Ended
	Dec. 31, 2020
Management Of Capital
Management of Capital	The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to pursue acquisition, exploration, and development of resource properties and to maintain a flexible capital structure which optimizes the costs of capital at an acceptable risk. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may issue new shares or debt, acquire or dispose of assets, or adjust the amount of cash and investments. In order to maximize ongoing development efforts, the Company does not pay out dividends, does not have any long-term debt, and is not subject to any externally imposed capital requirements. The capital of the Company was determined as follows: Years ended December 31 2020 2019 Equity $ 166,272 $ 36,823 Bridge loan - 2,931 166,272 39,754 Less: cash (15,361 ) (660 ) $ 150,911 $ 39,094 The Company expects its capital resources to support its current forecasted project expenditures at the Eau Claire project and other corporate activities; however, the Company’s ability to undertake further project expansionary plans at the Committee Bay project and the Homestake Ridge project are dependent upon the Company’s ability to obtain adequate financing in the future. While the Company has been successful at raising capital in the past, there can be no assurance that the Company will have sufficient financing to meet its future capital requirements or that additional financing will be available on terms acceptable to the Company in the future.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Options exercisable, remaining contractual life
Income Taxes	Income tax recovery provision The reconciliation of the income tax recovery computed at statutory rates to the reported income tax recovery is: Years ended December 31 2020 2019 Loss before income taxes $ (10,763 ) $ (9,602 ) Canadian federal and provincial income tax rates 27 % 27 % Expected income tax recovery (2,906 ) (2,593 ) Increase (decrease) in income tax recovery resulting from: Spin-out transaction 8,650 - Acquisition of Eastmain (7,838 ) - Share-based compensation 683 918 Share issuance costs (462 ) (63 ) Adjustment to tax estimates (22 ) 151 Amortization of flow-through share premium (120 ) (234 ) Flow-through expenditures renunciation 489 822 Difference in future and foreign tax rates 234 - Other 55 (1,202 ) Increase in unrecognized tax asset 1,237 2,147 Income tax recovery $ - $ (54 ) Significant components of deferred tax asset and liabilities are: December 31 2019 Net loss Equity December 31 2020 Deferred income tax assets Non-capital losses carried forward $ 15,076 $ 4,770 $ - $ 19,846 Capital losses carried forward 45 37 - 82 Share issuance costs and CEC 656 177 - 833 Investments 57 (13 ) - 44 Site reclamation obligations 576 561 - 1,137 Property and equipment 259 53 - 312 Mineral property interests 7,823 (3,838 ) - 3,985 Capital lease obligation - 66 - 66 Peruvian Value Added Tax Receivable 402 (402 ) - - Foreign exchange on intercompany 6 (6 ) - - 24,900 1,405 - 26,305 Deferred income tax liabilities Property and equipment - (52 ) - (52 ) Mineral property interests (913 ) 36 - (877 ) Investments - (196 ) - (196 ) Bridge loan (44 ) 44 - - Net deferred tax assets 23,943 1,237 - 25,180 Unrecognized deferred tax assets (23,943 ) (1,237 ) - (25,180 ) Net deferred tax balance $ - $ - $ - $ - December 31 2018 Net loss Equity December 31 2019 Deferred Income tax assets Non-capital losses carried forward $ 13,690 $ 1,386 $ - $ 15,076 Capital losses carried forward 45 - - 45 Share issuance costs & CEC 913 (320 ) 63 656 Investments 79 (22 ) - 57 Site reclamation obligations 511 65 - 576 Property and equipment 197 62 - 259 Mineral property interests 7,061 762 - 7,823 Peruvian VAT Receivable 355 47 - 402 FX on intercompany (104 ) 110 - 6 22,747 2,090 63 24,900 Deferred income tax liabilities Mineral property interests (951 ) 38 - (913 ) Bridge loan - 10 (54 ) (44 ) Net deferred tax assets 21,796 2,138 9 23,943 Unrecognized deferred tax assets (21,796 ) (2,084 ) (63 ) (23,943 ) Net deferred tax balance $ - $ 54 $ (54 ) $ - The Company has accumulated non-capital losses of approximately $75,864 (December 31, 2019 – $54,468) in Canada, which may be carried forward to reduce taxable income of future years. The non-capital losses will, if unused, expire between 2024 and 2041. The Company has not recognized any deferred tax assets at December 31, 2020 in respect of these non-capital losses due to the uncertainty that future operations will generate sufficient taxable income to utilize these non-capital losses. The Company has nil accumulated capital losses (December 31, 2019 – $661) in Canada which may be carried forward indefinitely and used to reduce capital gains in future years.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
aug_WorkExpendituresIncurredApplyingToFlowthroughShares
Foreign currency translation	The financial statements of the Company and each of its subsidiaries are prepared in its functional currency determined on the basis of the primary economic environment in which such entities operate. The presentation and functional currency of the Company and each of its subsidiaries is the Canadian dollar. Amounts in these financial statements denominated in United States dollars are denoted as US$. The functional currency of the previously held Peruvian subsidiaries was the United States dollar. Transactions in currencies other than the functional currency are recorded at the rates of exchange prevailing at the transaction dates. At each reporting date, monetary items denominated in foreign currencies are translated into the entity’s functional currency at the then prevailing rates and non-monetary items measured at historical cost are translated into the entity’s functional currency at rates in effect at the date the transaction took place. Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period or in previous financial statements are included in the consolidated statement of loss and comprehensive loss for the period in which they arise.
Cash and cash equivalents	Cash and cash equivalents consist of cash and highly liquid short-term investments that are readily convertible to cash and have maturities with terms of less than ninety days and/or with original maturities over ninety days but redeemable on demand without penalty. As at December 31, 2020 and 2019, the Company did not have any cash equivalents.
Property and equipment	Property and equipment is stated at cost less accumulated amortization and impairment losses. Amortization is calculated using the straight-line method over the estimated useful lives as follows: ● Computer equipment 3 years ● Machinery and equipment 5-10 years ● Right-of-use assets useful life or the lease term, whichever is shorter
Mineral property interests and exploration expenditures	Title to mineral properties involves certain inherent risks due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the frequently ambiguous conveyancing historical characteristic of many properties. The Company has investigated title to all of its mineral properties and, to the best of its knowledge, title to all of its properties is in good standing. The Company accounts for mineral property interests in accordance with IFRS 6 – Exploration for and evaluation of mineral properties Costs directly related to acquiring the legal right to explore a mineral property including acquisition of licenses, mineral rights, and similar acquisition costs are recognized and capitalized as mineral property interests. Acquisition costs incurred in obtaining the legal right to explore a mineral property are deferred until the legal right is granted and thereon reclassified to mineral property interests. Transaction costs incurred in acquiring an asset are deferred until the transaction is completed and then included in the purchase price of the asset acquired. Once the legal right to explore a property has been acquired, costs directly related to exploration and evaluation activities including, but not limited to, researching and analyzing existing exploration data, conducting geological studies, exploration drilling and sampling, and payments made to contractors and consultants in connection with the exploration and evaluation of the property, are expensed in the period in which they are incurred as exploration and evaluation costs on the consolidated statement of loss and comprehensive loss. Costs not directly attributable to exploration and evaluation activities, including general administrative overhead costs, are expensed as administrative costs in the period in which they occur. As the Company currently has no operational income, any incidental revenues earned in connection with exploration activities are applied as a reduction to exploration and evaluation costs. When a project is deemed to no longer have commercially viable prospects to the Company, all capitalized acquisition costs in respect of that project are deemed to be impaired. As a result, those costs, in excess of the estimated recoverable amount, are expensed to the consolidated statement of loss and comprehensive loss. The Company assesses mineral property interests for impairment when facts and circumstances suggest that the carrying amount of the asset may exceed its recoverable amount. The recoverable amount is the higher of the asset’s fair value less costs to sell and its value in use. Once the technical feasibility and commercial viability of extracting the mineral resources has been determined, the property is considered to be a mine under development at which point the assets and further related costs no longer fall under the guidance of IFRS 6.
Cost-sharing structures	Pursuant to the Eastmain acquisition, the Company acquired a 36.7% interest in the Éléonore South Joint Venture (note 4ii, 9). The arrangement has been scoped out of IFRS 11 – Joint arrangements
Leases	The Company assesses if a contract is or contains a lease at inception of the contract. Control is considered to exist if the contract conveys the right to control the use of an identified asset during the term of the lease. When a lease is identified, a right-of-use asset and a corresponding lease liability are recognized, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the Company recognizes the lease payments as an expense in profit or loss on a straight-line basis. Right-of-use assets, which are included in property and equipment, are recognized at cost, which is comprised of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs and decommissioning and restoration costs, less any lease incentives received. Right-of-use assets are depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date discounted by using the 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 liability are: ● fixed payments (including in-substance fixed payments), less any lease incentives receivable; ● variable payments that depend on an index or rate; ● amount expected to be payable by the lessee under residual value guarantees; ● exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and ● penalties for terminations, unless the Company is reasonably certain the options will not be exercised.
Provisions	Provisions are recorded when a present legal or constructive obligation exists as a result of past events where it is probable that an outflow of resources embodying economic benefit will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made.
Provision for site reclamation and closure	An obligation to incur rehabilitation and site restoration costs arises when an environmental disturbance is caused by the exploration, development, or on-going production of a mineral property interest. Such costs arising from the decommissioning of plant and other site preparation work, discounted to their net present value, are provided for and capitalized at the start of each project as soon as the obligation to incur such costs arises, as well when changes in estimates occur year over year. These costs are charged to the statement of loss and comprehensive loss over the life of the operation through amortization and the unwinding of the discount in the provision.
Impairment of non-financial assets	At each reporting date, the Company reviews the carrying amounts of its assets to determine whether there are any indicators of impairment. If any such indicator exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. Where the asset does not generate cash inflows that are independent from other assets, the Company estimates the recoverable amount of the CGU to which the asset belongs. Any intangible asset with an indefinite useful life is tested for impairment annually and whenever there is an indication that the asset may be impaired. An asset’s recoverable amount is the higher of fair value less costs of disposal and value in use. 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 assessments of the time value of money and the risks specific to the asset for which estimates of future cash flows have not been adjusted. If the recoverable amount of an asset or CGU is estimated to be less than its carrying amount, the carrying amount is reduced to the recoverable amount and an impairment loss is recognized immediately in the statement of loss and comprehensive loss. Where an impairment subsequently reverses, the carrying amount is increased to the revised estimate of recoverable amount but only to the extent that this does not exceed the carrying value that would have been determined if no impairment had previously been recognized. A reversal of impairment is recognized in the statement of loss and comprehensive
Flow-through common shares	Canadian income tax legislation permits companies to issue flow-through instruments whereby the income tax deductions generated by eligible expenditures of the Company, defined in the Income Tax Act
Loss per share	Basic loss per share is calculated by dividing the net loss available to common shareholders by the weighted average number of shares outstanding during the reporting period. The diluted loss per share is calculated by dividing the net loss available to common shareholders by the weighted average number of shares outstanding on a diluted basis. The weighted average number of shares outstanding on a diluted basis takes into account the additional shares for the assumed exercise of share options and warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding share options were exercised and that the proceeds from such exercises were used to acquire common shares at the average market price during the reporting period. Share consolidation On October 9, 2020, the Company consolidated the 112,340,434 common shares outstanding as of that date to 75,900,000 common shares in accordance with the terms of the Transaction. Shares reserved under the Company’s equity incentive plans and bonus warrants outstanding were adjusted to reflect the share consolidation. The Company then issued 34,100,000 common shares to the Eastmain shareholders to acquire Eastmain (note 4ii). All shares and per share data presented in the Company’s consolidated financial statements have been retroactively adjusted to reflect the share consolidation unless otherwise noted.
Share-based compensation	From time to time, the Company grants share options to employees and non-employees. An individual is classified as an employee, versus a non-employee, when the individual is an employee for legal or tax purposes (direct employee) or provides services similar to those performed by a direct employee. The fair value of share options, measured using the Black-Scholes option pricing model at the date of grant, is charged to the consolidated statement of loss and comprehensive loss over the vesting period. Performance vesting conditions and forfeitures are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. Where the terms and conditions of options are modified before they vest, any change in the fair value of the options, measured immediately before and after the modification, is also charged to the consolidated statement of loss and comprehensive loss over the remaining vesting period. Equity instruments granted to non-employees are recorded in the consolidated statement of loss and comprehensive loss at the fair value of the goods or services received, unless they are related to the issuance of shares. Amounts related to the issuance of shares are recorded as a reduction of share capital. When the value of goods or services received in exchange for a share-based payment cannot be reliably estimated, the fair value is measured by use of a valuation model. The expected life used in the model is adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioral considerations. All equity-settled share-based payments are recorded in the share option and warrant reserve until exercised. Upon exercise, shares are issued from treasury and the amount previously recorded in share option and warrant reserve is reclassified to share capital along with any consideration paid.
Income taxes	Income tax reported in the consolidated statement of loss and comprehensive loss for the period presented comprises current and deferred income tax. Income tax is recognized in the consolidated statement of loss and comprehensive loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity. Current income tax for each taxable entity in the Company is based on the local taxable income at the local statutory tax rate enacted or, substantively enacted, at the reporting date and includes any adjustments to tax payable or recoverable with regards to previous periods. Deferred income tax is determined using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred income tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using the expected future tax rates enacted or substantively enacted at the reporting date. A deferred income tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred income tax assets and liabilities are offset only when there is a legally enforceable right to set off current tax assets against current tax liabilities, when they relate to income taxes levied by the same taxation authority and the Company intends to settle its tax assets and liabilities on a net basis.
Financial instruments	The Company recognizes financial assets and liabilities on its consolidated statement of financial position when it becomes a party to the contract creating the asset or liability. On initial recognition, all financial assets and liabilities are recorded by the Company at fair value, net of attributable transaction costs, except for financial assets and liabilities classified as fair value through profit or loss for which transaction costs are expensed in the period in which they are incurred. Amortized cost Financial assets that meet the following conditions are measured subsequently at amortized cost: ● the financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and ● the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the 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 loss allowance. Interest income is recognized using the effective interest method. The Company's financial assets at amortized cost primarily include cash, restricted cash, amounts receivable, and deposits. Fair value through other comprehensive income ("FVTOCI") Financial assets that meet the following conditions are measured at FVTOCI: ● the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and ● the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Company does not have any financial assets classified as FVTOCI at December 31, 2020. On initial recognition, the Company may make an irrevocable election (on an instrument-by-instrument basis) to designate investments in equity instruments that would otherwise be measured at fair value through profit or loss to present subsequent changes in fair value in other comprehensive income. Designation at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination. Investments in equity instruments at FVTOCI are initially measured at fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes in fair value recognized in OCI. The cumulative gain or loss is not reclassified to profit or loss on disposal of the equity instrument, instead, it is transferred to deficit. Financial assets measured subsequently at fair value through profit or loss (“FVTPL”) By default, all other financial assets are measured subsequently at FVTPL. The Company, at initial recognition, may also irrevocably designate a financial asset as measured at FVTPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. Financial assets measured at FVTPL are measured at fair value at the end of each reporting period, with any fair value gains or losses recognized in profit or loss to the extent they are not part of a designated hedging relationship. Fair value is determined in the manner described in note 21. Financial liabilities and equity Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements, and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all its liabilities. Equity instruments issued by the Company are recognized at the proceeds received, net of direct issue costs. Repurchase of the Company’s own equity instruments is recognized and deducted directly in equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue, or cancellation of the Company’s own equity instruments. Financial liabilities that are not contingent consideration of an acquirer in a business combination, held for trading, or designated as at FVTPL, are measured at amortized cost using the effective interest method. The Company's financial liabilities measured at amortized cost primarily include accounts payable and accrued liabilities, and prior to its extinguishment, the Bridge Loan (note 21). Impairment The Company recognizes a loss allowance for expected credit losses on its financial assets. 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.
Discontinued operation	A discontinued operation is a component of the Company that either has been disposed of or is classified as held for sale and: (i) represents a separate major line of business or geographical area of operation; (ii) is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operation; or (iii) is a subsidiary acquired exclusively with a view to resell. A component of the Company comprises an operation and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the Company. Resulting from the Transaction, the Company has classified the Peruvian properties as a discontinued operation and has presented them as such in the consolidated statement of loss and comprehensive loss and consolidated statement of cash flow. Comparative information has been restated to conform to the disclosure requirements.
Comprehensive loss	Other comprehensive loss is the change in net assets arising from transactions and other events and circumstances from non-owner sources. Comprehensive loss comprises net loss and other comprehensive loss. Foreign currency translation differences arising on translation of subsidiaries with a different functional currency are also included in other comprehensive loss. As of October 9, 2020, following the disposition of the Peruvian subsidiaries, Fury Gold does not have any foreign subsidiaries (note 4i).
Changes in accounting standards	The Company has adopted the following amended accounting standards and policies effective January 1, 2020: Amendments to IAS 1 – Presentation of Financial Statements Accounting Policies, Changes in Accounting Estimates and Errors In October 2018, the IASB issued Amendments to IAS 1 and IAS 8 to clarify the definition of material in IAS 1 and align the definition across the standards. The amendments are not intended to alter the underlying concept of materiality in IFRS standards. The concept of “obscuring” material information with immaterial information has been included as part of the new definition. The threshold for materiality influencing users has been changed from “could influence” to “could reasonably be expected to influence”. The definition of material in IAS 8 has been replaced by a reference to the definition of material in IAS 1. In addition, the IASB amended other Standards and the Conceptual Framework that contain a definition of material or refer to the term “material” to ensure consistency. The Company adopted the amendments to IAS 1 and IAS 8 effective January 1, 2020, which did not have a material impact on the Company’s consolidated financial statements. Amendments to IFRS 3 – Business Combinations In October 2018, the IASB issued narrow-scope amendments to IFRS 3 to help entities determine whether an acquired set of activities and assets is a business or not. The amendments, which are effective for annual reporting periods beginning on or after January 1, 2020, clarify the minimum requirements to be a business, remove the assessment of a market participant’s ability to replace missing elements, narrow the definition of outputs, add guidance to assess whether an acquired process is substantive, and introduce an optional concentration test to permit a simplified assessment. The Company applied the optional concentration test when performing an assessment of whether the acquisition of Eastmain comprised an asset acquisition or business combination. It was determined that the parameters of the concentration test were met; therefore, the transaction was determined to be an asset acquisition (note 4ii). Amendments to IFRS 16 – Leases To provide practical relief to lessees in accounting for rent concessions arising as a result of COVID-19, the IASB proposed an amendment to IFRS 16 which provide lessees with a practical expedient that relieves a lessee from assessing whether a COVID-19 related rent concession is a lease modification. The amendment is effective for annual reporting periods beginning on or after June 1, 2020, with earlier application permitted. This amendment is not expected to have a significant impact to the Company’s consolidated financial statements as the Company has not received any COVID-19 related rent concessions as of the date of these consolidated financial statements. New and amended standards not yet effective Certain new accounting standards and interpretations have been issued but were not effective for the year ended December 31, 2020, and they have not been early adopted. The Company is currently assessing the new and amended standards’ impact on its consolidated financial statements; however, they are not expected to have a material impact on the Company’s current or future reporting periods. Amendments to IAS 1 – Classification of Liabilities as Current or Non-current The amendments to IAS 1 affect only the presentation of liabilities as current or non-current in the statement of financial position and not the amount or timing of recognition of any asset, liability, income, or expenses, or the information disclosed about those items. The amendments clarify that the classification of liabilities as current or non-current is based on rights that are in existence at the end of the reporting period, specify that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability, explain that rights are in existence if covenants are complied with at the end of the reporting period, and introduce a definition of “settlement” to make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets, or services. The amendments are applied retrospectively for annual periods beginning on or after January 1, 2023, with early application permitted. Amendments to IAS 16 – Property, Plant and Equipment—Proceeds before Intended Use The amendments prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced before that asset is available for use, i.e. proceeds while bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Consequently, an entity recognises such sales proceeds and related costs in profit or loss. The entity measures the cost of those items in accordance with IAS 2 – Inventories The amendments also clarify the meaning of “testing whether an asset is functioning properly”. IAS 16 now specifies this as assessing whether the technical and physical performance of the asset is such that it is capable of being used in the production or supply of goods or services, for rental to others, or for administrative purposes. If not presented separately in the statement of comprehensive income or loss, the financial statements shall disclose the amounts of proceeds and cost included in profit or loss that relate to items produced that are not an output of the entity’s ordinary activities, and which line items in the statement of comprehensive income or loss include such proceeds and cost. The amendments are applied retrospectively, but only to items of property, plant and equipment that are brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after the beginning of the earliest period presented in the financial statements in which the entity first applies the amendments. The entity shall recognise the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings (or other component of equity, as appropriate) at the beginning of that earliest period presented. The amendments are effective for annual periods beginning on or after January 1, 2022, with early application permitted.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	12 Months Ended
	Dec. 31, 2020
aug_WeightedAverageSharePriceWarrantsGranted
Disclosure of subsidiaries	Subsidiary Place of incorporation Functional currency Beneficial interest North Country Gold Corp. (“North Country”) BC, Canada CAD 100% Homestake Resource Corporation (“Homestake”) BC, Canada CAD 100% Eastmain Resources Inc. (“Eastmain”) ON, Canada CAD 100% Eastmain Mines Inc. (“Eastmain Mines”) (1) Canada CAD 100% Homestake Royalty Corporation (inactive) BC, Canada CAD 100% (1) Company incorporated federally in Canada.
Disclosure of key assumptions included in the estimate of the reclamation obligations	Years ended December 31 2020 2019 Risk-free interest rate 1.21% 1.76% Annual inflation 2.0% 2.0%

Acquisition of Eastmain and f_2

Acquisition of Eastmain and formation of Fury Gold (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about business combination [abstract]
Disclosure of net assets transferred	Net assets transferred Cash $ 12,781 Mineral property interests (note 9) 8,949 Other assets 277 Total assets 22,007 Accounts payable and accrued liabilities (1) (260 ) Total net assets 21,747 Acquisition costs paid on behalf of the Spincos 1,400 Total distribution to shareholders $ 23,147 (1) Accounts payable and accrued liabilities represents a $260 amount payable to Fury Gold by the Spincos. (2) The distribution reflects the derecognition of the recorded carrying value of the investments in the Peruvian subsidiaries at October 9, 2020. The fair value of those entities upon distribution was assessed as $67.7 million.
Disclosure of discontinued operations	The components of loss from discontinued operations on the statement of loss and comprehensive loss for the transfer of the Peruvian projects to the Spincos are as follows: Years ended December 31 2020 2019 Operating expenses: Exploration and evaluation costs (note 14) $ 2,892 $ 3,474 Fees, salaries and other employee benefits 243 240 Legal and professional fees 101 94 Office and administration 92 68 3,328 3,876 Other expenses: Project investigation costs 136 156 Impairment of mineral property interests (note 9) - 337 Foreign exchange loss 26 16 162 509 Loss from discontinued operations $ 3,490 $ 4,385 The net cash flows from the transfer of the Peruvian projects included as part of the net cash flows from discontinued operations are as follows: Years ended December 31 2020 2019 Net cash used in operating activities $ (3,224 ) $ (3,179 ) Net cash used in investing activities (1,210 ) (937 ) Net cash provided by financing activities - -
Disclosure of acquisition date fair value of the consideration paid	Purchase price Share consideration $ 117,690 Share options and warrants 3,450 Total equity consideration 121,140 Transaction costs attributable to Fury Gold 3,029 Total cost of acquisition $ 124,169
Disclosure of purchase price allocation	Net assets acquired Cash $ 413 Marketable securities (note 6) 1,662 Mineral property interests (note 9) 125,606 Other assets 705 Total assets acquired 128,386 Accounts payable and accrued liabilities (1,203 ) Flow-through share premium (note 11) (590 ) Advances received for exploration on Éléonore South JV (316 ) Provision for site reclamation and closure (note 13) (1,849 ) Other liabilities (259 ) Total liabilities assumed (4,217 ) Total net assets acquired $ 124,169

Cash and Restricted Cash (Table

Cash and Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of Flow-through share liability [text block]
Disclosure of cash and restricted cash	At December 31 2020 At December 31 2019 Components of cash and restricted cash: Cash $ 15,361 $ 660 Restricted cash 165 115 $ 15,526 $ 775

Marketable Securities (Tables)

Marketable Securities (Tables)	12 Months Ended
	Dec. 31, 2020
aug_MajorAssumptionsMadeConcerningFutureEventsOtherProvisionsInflationRate
Disclosure of marketable securities	At December 31 2020 At December 31 2019 Balance, beginning of year $ 346 $ 186 Additions, upon acquisition of Eastmain (note 4ii) 1,662 - Additions (note 9) 102 - Unrealized net gains 565 160 Balance, end of the year $ 2,675 $ 346

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Property, plant and equipment [abstract]
Disclosure of property and equipment	Machinery and equipment Office and computers Total Cost Balance at December 31, 2018 $ 2,300 $ - $ 2,300 Currency translation adjustment (2 ) - (2 ) Balance at December 31, 2019 $ 2,298 $ - $ 2,298 Additions - 259 259 Disposal of assets (142 ) - (142 ) Balance at December 31, 2020 $ 2,156 $ 259 $ 2,415 Accumulated depreciation Balance at December 31, 2018 $ (775 ) $ - $ (775 ) Depreciation for the year (252 ) - (252 ) Currency translation adjustment 1 - 1 Balance at December 31, 2019 $ (1,026 ) $ - $ (1,026 ) Depreciation for the year (235 ) (17 ) (252 ) Disposal of assets 85 - 85 Balance at December 31, 2020 $ (1,176 ) $ (17 ) $ (1,193 ) Net book value Balance at December 31, 2019 $ 1,272 $ - $ 1,272 Balance at December 31, 2020 $ 980 $ 242 $ 1,222
Disclosure of changes in right-of-use asset	Total Balance at December 31, 2019 $ - Acquired, upon acquisition of Eastmain (note 4ii) 236 Depreciation for the year (17 ) Balance at December 31, 2020 $ 219

Prepaid Expenses and Deposits (

Prepaid Expenses and Deposits (Tables)	12 Months Ended
	Dec. 31, 2020
Prepaid Expenses And Deposits
Disclosure of prepaid expenses and deposits	At December 31 2020 At December 31 2019 Prepaid expenses and deposits related to exploration and evaluation expenditures $ 71 $ 359 Other prepaid expenses and deposits 957 441 Total prepaid expenses and deposits 1,028 800 Less: Prepaid expenses and deposits, non-current 243 149 Prepaid expenses and deposits, current $ 785 $ 651

Mineral Property Interests (Tab

Mineral Property Interests (Tables)	12 Months Ended
	Dec. 31, 2020
Mineral Property Interests
Disclosure of mineral property acquisition costs	Québec Nunavut British Columbia Peru(3) Total Balance at December 31, 2018 $ - $ 18,871 $ 16,060 $ 4,141 $ 39,072 Additions - 11 - 949 960 Impairment of mineral property interests (1) - - - (337 ) (337 ) Change in estimate of provision for site reclamation and closure (note 13) - 203 - - 203 Currency translation adjustment - - - (184 ) (184 ) Balance at December 31, 2019 $ - $ 19,085 $ 16,060 $ 4,569 $ 39,714 Additions - - - 4,246 4,246 Eastmain acquisition, mineral property interests acquired (note 4ii) 125,606 - - - 125,606 Option payment received (2) (252 ) - - - (252 ) Dispositions (note 4i) - - - (8,949 ) (8,949 ) Change in estimate of provision for site reclamation and closure (note 13) - 273 - - 273 Currency translation adjustment - - - 134 134 Balance at December 31, 2020 $ 125,354 $ 19,358 $ 16,060 $ - $ 160,772 (1) (2) During the fourth quarter of 2020, the Company received an option payment comprising $150 cash and 124,177 shares in Benz Mining with a fair value upon date of receipt of $102 for the Ruby Hill property. (3) On October 9, 2020, the Peruvian operations were spun out to the Spincos as part of the Transaction (note 4i) and are disclosed as discontinued operations in the consolidated statement of loss and comprehensive loss and consolidated statement of cash flows.

Lease Liability (Tables)

Lease Liability (Tables)	12 Months Ended
	Dec. 31, 2020
Lease liabilities [abstract]
Disclosure of lease liability	At December 31 2020 Balance, beginning of year $ - Additions, upon acquisition of Eastmain (note 4ii) 259 Interest expense 14 Lease payments (25 ) Balance, end of the year $ 248 Classified as: Current $ 55 Non-current 193 $ 248
Disclosure of remaining lease payments	Under 1 year Between 1 – 2 years Between 3 – 5 years Total Remaining lease payments $ 55 $ 70 $ 123 $ 248

Flow-through Share Premium Li_2

Flow-through Share Premium Liability (Tables)	12 Months Ended
	Dec. 31, 2020
September 22, 2017 [member]
Disclosure of flow-through share liability activity	Flow-through funding and expenditures Flow-through Québec Nunavut British Columbia Total premium liability Balance at December 31, 2018 $ - $ 433 $ 737 $ 1,170 $ 317 Flow-through funds raised - 1,900 - 1,900 557 Flow-through eligible expenditures - (2,309 ) (737 ) (3,046 ) (867 ) Balance at December 31, 2019 $ - $ 24 $ - $ 24 $ 7 Flow-through liability assumed 2,391 - - 2,391 590 Flow-through funds raised 17,500 - - 17,500 7,500 Flow-through eligible expenditures (1,812 ) (24 ) - (1,836 ) (453 ) Balance at December 31, 2020 $ 18,079 $ - $ - $ 18,079 $ 7,644

Bridge Loan (Tables)

Bridge Loan (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of accounting policy for flow-through shares [text block]
Disclsoure of carrying values of the liability and equity components	Liability component Equity component Total Amended Bridge Loan $ 2,912 $ 211 $ 3,123 Deferred tax impact - (57 ) (57 ) Impact on statement of financial position $ 2,912 $ 154 $ 3,066
Disclosure of loss on derecognition of Bridge Loan	Carrying value of Bridge Loan to be derecognized $ 2,981 Amended Bridge Loan assumed, including transaction costs incurred 3,140 Loss on derecognition of Bridge Loan $ 159
Continuity of Bridge Loan	Fair value of Amended Bridge Loan on initial recognition $ 2,912 Finance expense 209 Finance expense paid in cash (64 ) Closing balance at July 7, 2020 $ 3,057
Disclosure of loss on extinguishment of Amended Bridge Loan	Carrying value of Amended Bridge Loan to be derecognized $ 3,057 Loss on extinguishment of Amended Bridge Loan $ 65

Provision for Site Reclamatio_2

Provision for Site Reclamation and Closure (Tables)	12 Months Ended
	Dec. 31, 2020
Provision For Site Reclamation And Closure
Disclosure of site reclamation and closure provision	Québec Committee Bay Total Balance at December 31, 2018 $ - $ 1,891 $ 1,891 Accretion - 40 40 Change in estimate - 203 203 Balance at December 31, 2019 $ - $ 2,134 $ 2,134 Provision, assumed on acquisition of Eastmain (note 4ii) 1,849 - 1,849 Accretion 5 29 34 Change in estimate - 273 273 Balance at December 31, 2020 $ 1,854 $ 2,436 $ 4,290

Exploration and Evaluation Co_2

Exploration and Evaluation Costs (Tables)	12 Months Ended
	Dec. 31, 2020
aug_OtherProvisionsUndiscountedCashFlows
Exploration and evaluation costs	For the years ended December 31, 2020 and 2019, the Company’s exploration and evaluation costs were as follows: Québec Nunavut British Columbia Total Peru(1) Assaying $ 83 $ 118 $ 27 $ 228 $ 16 Exploration drilling 599 28 - 627 - Camp cost, equipment and field supplies 163 245 28 436 340 Geological consulting services 124 2 194 320 291 Geophysical analysis 110 - - 110 46 Permitting, environmental and community costs - 54 69 123 1,372 Expediting and mobilization - 5 - 5 10 Salaries and wages 506 369 116 991 543 Fuel and consumables 190 - - 190 9 Aircraft and travel 98 - 2 100 53 Share-based compensation 383 116 29 528 212 Total for the year ended December 31, 2020 $ 2,256 $ 937 $ 465 $ 3,658 $ 2,892 Québec Nunavut British Columbia Total Peru(1) Assaying $ - $ 163 $ 72 $ 235 $ 76 Exploration drilling - 378 - 378 - Camp cost, equipment and field supplies - 336 149 485 278 Geological consulting services - 145 200 345 568 Geophysical analysis - 143 169 312 - Permitting, environmental and community costs - 189 61 250 1,182 Expediting and mobilization - 102 26 128 27 Salaries and wages - 614 174 788 427 Fuel and consumables - 36 40 76 23 Aircraft and travel - 703 187 890 110 Share-based compensation - 218 117 335 783 Total for the year ended December 31, 2019 $ - $ 3,027 $ 1,195 $ 4,222 $ 3,474 (1) On October 9, 2020, the Peruvian operations were spun out to the Spincos as part of the Transaction (note 4i), and are disclosed as discontinued operations in the consolidated statement of loss and comprehensive loss and consolidated statement of cash flows.

Share Capital (Tables)

Share Capital (Tables)	12 Months Ended
	Dec. 31, 2020
Share Capital Abstract
Disclosure of classes of share capital	Share issue costs related to the September 2020 Offering totaled $1,518, which included $1,283 in commissions and $235 in other issuance costs. A reconciliation of the impact of the September 2020 Offering on share capital is as follows: Number of common shares Impact on share capital Flow-through shares issued at $3.50 per share 5,000,000 $ 17,500 Less: flow-through share premium liability (note 11) - (7,500 ) Common shares issued at $2.00 per share 2,750,000 5,500 Cash share issue costs - (1,518 ) Proceeds net of share issue costs 7,750,000 $ 13,982 Share issue costs related to the February 2020 Offering totaled $247, which included $59 in commissions and $188 in other issuance costs. A reconciliation of the impact of the February 2020 Offering on share capital is as follows: Number of common shares Impact on share capital Common shares issued at $2.37 per share 6,333,984 $ 15,000 Cash share issue costs - (247 ) Proceeds net of share issue costs 6,333,984 $ 14,753

Share Option and Warrant Rese_2

Share Option and Warrant Reserves (Tables)	12 Months Ended
	Dec. 31, 2020
Share Option And Warrant Reserves
Disclosure of share-based payments	Years ended December 31 2020 2019 Recognized in net loss from continuing operations and included in: Exploration and evaluation costs $ 528 $ 335 Fees, salaries and other employee benefits 2,002 2,212 $ 2,530 $ 2,547 Recognized in net loss from discontinued operations 239 853 Total share-based compensation expense $ 2,769 $ 3,400
Disclosure of assumptions	Years ended December 31 2020 2019 Risk-free interest rate 0.36% 1.59% Expected dividend yield Nil Nil Share price volatility 68% 62% Expected forfeiture rate 0% 0% Expected life in years 4.90 4.33
Disclosure of share option activity	Number of share options Weighted average exercise price ($/option)(1) Outstanding, December 31, 2018 4,192,253 $ 2.74 Granted 2,226,184 2.83 Exercised (625,798 ) 0.92 Expired (155,394 ) 3.45 Forfeited (34,626 ) 2.80 Outstanding, December 31, 2019 5,602,619 $ 2.96 Granted 5,857,459 2.42 Exercised (3,228,182 ) 2.42 Expired (20,272 ) 2.90 Forfeited (70,620 ) 2.61 Outstanding, December 31, 2020 8,141,004 $ 2.67 (1) The exercise price of issued share options prior to October 9, 2020 were adjusted downwards by $0.95, pursuant to the Transaction, reflecting the fair value of the Peruvian projects allocated to the Spincos. The above weighted average exercise prices were retrospectively adjusted to reflect this change.
Disclosure of share options outstanding and exercisable	Options outstanding Options exercisable Exercise price ($/option) Number of shares Weighted average exercise price ($/option) Weighted average remaining life (years) Number of shares Weighted average exercise price ($/option) Weighted average remaining life (years) $ 0.56 – $1.95 1,596,218 1.68 3.91 1,418,418 1.49 3.74 $ 2.05 – $5.31 6,308,503 2.68 3.46 3,334,753 2.90 2.26 $ 7.54 – $9.86 207,113 8.60 1.06 207,113 8.60 1.06 $ 12.94 29,170 12.94 0.32 29,170 12.94 0.32 8,141,004 2.67 3.48 4,989,454 2.80 2.62
Disclosure of warrant activity	Warrants outstanding Exercise price ($/share) Outstanding at December 31, 2018 - $ - Issued 337,813 2.96 Outstanding at December 31, 2019 337,813 $ 2.96 Issued 1,297,591 1.33 Exercised (8,664 ) 1.46 Outstanding at December 31, 2020 1,626,740 $ 1.66
Disclosure of warrants outstanding and exercisable	Expiry date Warrants outstanding Exercise price ($/share) May 8, 2021 541,744 1.46 October 24, 2021 334,993 1.37 March 6, 2022 189,613 1.11 March 9, 2022 222,577 1.11 September 12, 2022 337,813 2.96 Total 1,626,740 1.66

Related Party Balances and Tr_2

Related Party Balances and Transactions (Tables)	12 Months Ended
	Dec. 31, 2020
Related party transactions [abstract]
Disclosure of related party transactions	Years ended December 31 2020 2019 Universal Mineral Services Ltd. Exploration and evaluation costs: Québec $ 157 $ - Nunavut 200 301 British Columbia 106 154 Peru 152 221 Fees, salaries and other employee benefits 284 346 Insurance - 3 Legal and professional fees 12 2 Marketing and investor relations 141 85 Office and administration 460 327 Project investigation costs 170 44 Total transactions for the year $ 1,682 $ 1,483 (1) Universal Mineral Services Ltd. (“UMS”) is a private company with one director in common, Mr. Ivan Bebek. UMS provides geological, financial, and transactional advisory services as well as administrative services to the Company on an ongoing, cost recovery basis. Having these services available through UMS, on an as needed basis, allows the Company to maintain a more efficient and cost-effective corporate overhead structure by hiring fewer full-time employees and engaging outside professional advisory firms less frequently. The agreement has an indefinite term and can be terminated by either party upon providing due notice.
Disclosure of key management personnel remuneration	Years ended December 31 2020 2019 Short-term benefits provided to executives (1)(2) $ 1,985 $ 1,469 Directors’ fees paid to non-executive directors 313 154 Share-based payments (2) 1,998 2,244 Total (3) $ 4,296 $ 3,867 (1) Short-term employee benefits include salaries, bonuses payable within twelve months of the date of the consolidated statement of financial position, and other annual employee benefits. (2) As a result of the Transaction and the formation of a new board of directors and management team, certain former key management personnel of the Company were provided with transition contracts to support the formation of Fury Gold. For the period from October 9, 2020 to December 31, 2020, $79 of short-term benefits and $283 of share-based payment expense was recognized in respect of these transition arrangements. (3) The renumeration for key management personnel in the table is the combined total for both continuing operations and the discontinued operation of the Peru properties transferred to the Spincos (note 4i).

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2020
Statement of cash flows [abstract]
Disclosure of supplemental cash flow information	Years ended December 31 2020 2019 Amounts receivable $ (582 ) $ 3 Prepaid expenses and deposits (242 ) 100 Accounts payable and accrued liabilities (72 ) 182 Changes in non-cash working capital $ (896 ) $ 285

Segmented Information (Tables)

Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of operating segments [abstract]
Disclosure of operating segments	Canada Peru(1) Total Restricted cash $ 165 $ - $ 165 Prepaid expenses and deposits, non-current 243 - 243 Property and equipment, net 1,222 - 1,222 Mineral property interests 160,772 - 160,772 Balance at December 31, 2020 $ 162,402 $ - $ 162,402 Canada Peru(1) Total Restricted cash $ 115 $ - $ 115 Prepaid expenses and deposits, non-current - 149 149 Property and equipment, net 1,202 70 1,272 Mineral property interests 35,145 4,569 39,714 Balance at December 31, 2019 $ 36,462 $ 4,788 $ 41,250

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings per share [abstract]
Disclosure of loss per share	Years ended December 31 2020 2019 Loss for the year from continuing operations $ 10,763 $ 9,548 Loss for the year 14,253 13,933 Weighted average number of shares outstanding 80,397,193 63,487,241 Basic and diluted loss per share from continuing operations $ 0.13 $ 0.15 Basic and diluted loss per share $ 0.18 $ 0.22

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about financial instruments [abstract]
Disclosure of financial assets and liabilities by categories	At December 31, 2020 At December 31, 2019 Amortized Cost FVTPL Total Amortized Cost FVTPL Total Cash $ 15,361 $ - $ 15,361 $ 660 $ - $ 660 Marketable securities - 2,675 2,675 - 346 346 Deposits 243 - 243 218 - 218 Total financial assets 15,604 2,675 18,279 878 346 1,224 Accounts payable and accrued liabilities 3,280 - 3,280 1,067 - 1,067 Bridge loan - - - 2,931 - 2,931 Total financial liabilities $ 3,280 $ - $ 3,280 $ 3,998 $ - $ 3,998
Disclosure of financial instruments measured at fair value on a recurring basis	At December 31 2020 2019 Level 1 Level 2(1) Level 1 Level 2 Cash $ 15,361 $ - $ 660 $ - Marketable securities 2,165 510 346 - (1) Marketable securities included in level 2 include warrants that are valued using an option pricing model which utilizes a combination of quoted prices and market-derived inputs, including volatility estimates.
Disclosure of contractual obligations	Within 1 year 2 to 3 years Over 3 years At December 31 2020 Accounts payable and accrued liabilities $ 3,280 $ - $ - $ 3,280 Québec flow-through expenditure requirements - 18,079 - 18,079 Undiscounted lease payments 179 358 225 762 Total $ 3,459 $ 18,437 $ 225 $ 22,121
Disclosure of currency exposure	At December 31 2020 2019 Financial assets denominated in foreign currencies $ 399 $ 55 Financial liabilities denominated in foreign currencies (41 ) (80 ) $ (358 ) $ (25 )

Management of Capital (Tables)

Management of Capital (Tables)	12 Months Ended
	Dec. 31, 2020
Management Of Capital
Disclosure of capital	Years ended December 31 2020 2019 Equity $ 166,272 $ 36,823 Bridge loan - 2,931 166,272 39,754 Less: cash (15,361 ) (660 ) $ 150,911 $ 39,094

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Options exercisable, remaining contractual life
Schedule of effective income tax rate reconciliation	Years ended December 31 2020 2019 Loss before income taxes $ (10,763 ) $ (9,602 ) Canadian federal and provincial income tax rates 27 % 27 % Expected income tax recovery (2,906 ) (2,593 ) Increase (decrease) in income tax recovery resulting from: Spin-out transaction 8,650 - Acquisition of Eastmain (7,838 ) - Share-based compensation 683 918 Share issuance costs (462 ) (63 ) Adjustment to tax estimates (22 ) 151 Amortization of flow-through share premium (120 ) (234 ) Flow-through expenditures renunciation 489 822 Difference in future and foreign tax rates 234 - Other 55 (1,202 ) Increase in unrecognized tax asset 1,237 2,147 Income tax recovery $ - $ (54 )
Disclosure of deferred tax assets and liabilities	December 31 2019 Net loss Equity December 31 2020 Deferred income tax assets Non-capital losses carried forward $ 15,076 $ 4,770 $ - $ 19,846 Capital losses carried forward 45 37 - 82 Share issuance costs and CEC 656 177 - 833 Investments 57 (13 ) - 44 Site reclamation obligations 576 561 - 1,137 Property and equipment 259 53 - 312 Mineral property interests 7,823 (3,838 ) - 3,985 Capital lease obligation - 66 - 66 Peruvian Value Added Tax Receivable 402 (402 ) - - Foreign exchange on intercompany 6 (6 ) - - 24,900 1,405 - 26,305 Deferred income tax liabilities Property and equipment - (52 ) - (52 ) Mineral property interests (913 ) 36 - (877 ) Investments - (196 ) - (196 ) Bridge loan (44 ) 44 - - Net deferred tax assets 23,943 1,237 - 25,180 Unrecognized deferred tax assets (23,943 ) (1,237 ) - (25,180 ) Net deferred tax balance $ - $ - $ - $ - December 31 2018 Net loss Equity December 31 2019 Deferred Income tax assets Non-capital losses carried forward $ 13,690 $ 1,386 $ - $ 15,076 Capital losses carried forward 45 - - 45 Share issuance costs & CEC 913 (320 ) 63 656 Investments 79 (22 ) - 57 Site reclamation obligations 511 65 - 576 Property and equipment 197 62 - 259 Mineral property interests 7,061 762 - 7,823 Peruvian VAT Receivable 355 47 - 402 FX on intercompany (104 ) 110 - 6 22,747 2,090 63 24,900 Deferred income tax liabilities Mineral property interests (951 ) 38 - (913 ) Bridge loan - 10 (54 ) (44 ) Net deferred tax assets 21,796 2,138 9 23,943 Unrecognized deferred tax assets (21,796 ) (2,084 ) (63 ) (23,943 ) Net deferred tax balance $ - $ 54 $ (54 ) $ -

Basis of Presentation (Details)

Basis of Presentation (Details)	12 Months Ended
	Dec. 31, 2020
North Country Gold Corp
Disclosure of subsidiaries [line items]
Place of incorporation	BC, Canada
Funtional currency	CAD
Beneficial interest	100.00%
Homestake Resource Corporation
Disclosure of subsidiaries [line items]
Place of incorporation	BC, Canada
Funtional currency	CAD
Beneficial interest	100.00%
Eastmain Resources Inc.
Disclosure of subsidiaries [line items]
Place of incorporation	ON, Canada
Funtional currency	CAD
Beneficial interest	100.00%
Eastmain Mines Inc.
Disclosure of subsidiaries [line items]
Place of incorporation	Canada
Funtional currency	CAD
Beneficial interest	100.00%
Homestake Royalty Corporation
Disclosure of subsidiaries [line items]
Place of incorporation	BC, Canada
Funtional currency	CAD
Beneficial interest	100.00%

Basis of Presentation (Details

Basis of Presentation (Details 1)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
aug_WeightedAverageSharePriceWarrantsGranted
Risk-free interest rate	1.21%	1.76%
Annual inflation	2.00%	2.00%

Significant Accounting Polici_3

Significant Accounting Policies (Details Narrative) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about property, plant and equipment [line items]
Cash equivalents	$ 0	$ 0
Computer Equipment
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful life	3 years
Machinery and Equipment
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful life	5-10 years
Right-of-use Assets
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful life	Useful life or the lease term, whichever is shorter

Acquisition of Eastmain and f_3

Acquisition of Eastmain and formation of Fury Gold (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about business combination [line items]
Acquisition costs paid on behalf of the Spincos	$ (1,400)	$ 0
Spincos
Disclosure of detailed information about business combination [line items]
Cash	12,781
Mineral property interests	8,949
Other assets	277
Total assets	22,007
Accounts payable and accrued liabilities	(260)
Total net assets	21,747
Acquisition costs paid on behalf of the Spincos	1,400
Total distribution to shareholders	$ 23,147

Acquisition of Eastmain and f_4

Acquisition of Eastmain and formation of Fury Gold (Details 1) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operating expenses:
Exploration and evaluation costs	$ 3,658	$ 4,222
Fees, salaries and other employee benefits	4,319	3,708
Legal and professional fees	562	257
Office and administration	667	383
Operating expenses	11,295	10,451
Other expenses:
Foreign exchange loss	60	31
Other expenses	(532)	(849)
Loss from discontinued operations	3,490	4,385
Spincos | Discontinued Operations
Operating expenses:
Exploration and evaluation costs	2,892	3,474
Fees, salaries and other employee benefits	243	240
Legal and professional fees	101	94
Office and administration	92	68
Operating expenses	3,328	3,876
Other expenses:
Project investigation costs	136	156
Impairment of mineral property interests	0	337
Foreign exchange loss	26	16
Other expenses	162	509
Loss from discontinued operations	$ 3,490	$ 4,385

Acquisition of Eastmain and f_5

Acquisition of Eastmain and formation of Fury Gold (Details 2) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about business combination [abstract]
Net cash used in operating activities	$ (3,224)	$ (3,179)
Net cash used in investing activities	(1,210)	(937)
Net cash provided by financing activities	$ 0	$ 0

Acquisition of Eastmain and f_6

Acquisition of Eastmain and formation of Fury Gold (Details 3) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about business combination [line items]
Transaction costs attributable to Fury Gold	$ (1,400)	$ 0
Eastmain
Disclosure of detailed information about business combination [line items]
Share consideration	117,690
Share options and warrants	3,450
Total equity consideration	121,140
Transaction costs attributable to Fury Gold	3,029
Total cost of acquisition	$ 124,169

Acquisition of Eastmain and f_7

Acquisition of Eastmain and formation of Fury Gold (Details 4) - Eastmain $ in Thousands	Dec. 31, 2020CAD ($)
Disclosure of detailed information about business combination [line items]
Cash	$ 413
Marketable securities	1,662
Mineral property interests	125,606
Other assets	705
Total assets acquired	128,386
Accounts payable and accrued liabilities	(1,203)
Flow-through share premium	(590)
Advances received for exploration on Éléonore South JV	(316)
Provision for site reclamation and closure	(1,849)
Other liabilities	(259)
Total liabilities assumed	(4,217)
Total net assets acquired	$ 124,169

Cash and Restricted Cash (Detai

Cash and Restricted Cash (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Flow-through share liability [text block]
Cash	$ 15,361	$ 660
Restricted cash	165	115
Cash and restricted cash	$ 15,526	$ 775

Cash and Restricted Cash (Det_2

Cash and Restricted Cash (Details Narrative) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
DisclosureOfCashAndRestrictedCashLineItems [Line Items]
Restricted cash	$ 165	$ 115
Standby Letter of Credit
DisclosureOfCashAndRestrictedCashLineItems [Line Items]
Restricted cash	$ 75	$ 75

Marketable Securities (Details)

Marketable Securities (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
aug_MajorAssumptionsMadeConcerningFutureEventsOtherProvisionsInflationRate
Marketable securities, beginning	$ 346	$ 186
Additions, upon acquisition of Eastmain	1,662	0
Additions	102	0
Unrealized net gains	565	160
Marketable securities, ending	$ 2,675	$ 346

Property and Equipment (Details

Property and Equipment (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	$ 1,272
Disposal of assets
Balance, end of the year	1,222	1,272
Machinery and Equipment
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	1,272
Disposal of assets
Balance, end of the year	980	1,272
Office and Computers
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	0
Disposal of assets
Balance, end of the year	242	0
Gross Carrying Amount
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	2,298	2,300
Additions	259
Disposal of assets	(142)
Currency translation adjustment		(2)
Balance, end of the year	2,415	2,298
Gross Carrying Amount | Machinery and Equipment
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	2,298	2,300
Additions	0
Disposal of assets	(142)
Currency translation adjustment		(2)
Balance, end of the year	2,156	2,298
Gross Carrying Amount | Office and Computers
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	0	0
Additions	259
Disposal of assets	0
Currency translation adjustment		0
Balance, end of the year	259	0
Accumulated Depreciation and Amortisation
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	(1,026)	(775)
Disposal of assets	85
Depreciation	(252)	(252)
Currency translation adjustment		1
Balance, end of the year	(1,193)	(1,026)
Accumulated Depreciation and Amortisation | Machinery and Equipment
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	(1,026)	(775)
Disposal of assets	85
Depreciation	(235)	(252)
Currency translation adjustment		1
Balance, end of the year	(1,176)	(1,026)
Accumulated Depreciation and Amortisation | Office and Computers
Disclosure of detailed information about property, plant and equipment [line items]
Balance, beginning of the year	0	0
Disposal of assets	0
Depreciation	(17)	0
Currency translation adjustment		0
Balance, end of the year	$ (17)	$ 0

Property and Equipment (Detai_2

Property and Equipment (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2020CAD ($)
DisclosureOfPropertyPlantAndEquipmenLineItems [Line Items]
Balance, beginning of the year	$ 1,272
Balance, end of the year	1,222
Right-of-use Assets
DisclosureOfPropertyPlantAndEquipmenLineItems [Line Items]
Balance, beginning of the year	0
Acquired, upon acquisition of Eastmain	236
Depreciation	(17)
Balance, end of the year	$ 219

Prepaid Expenses and Deposits_2

Prepaid Expenses and Deposits (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Prepaid Expenses And Deposits
Prepaid and deposits related to exploration and evaluation expenditures	$ 71	$ 359
Other prepaid expenses and deposits	957	441
Total prepaid expenses and deposits	1,028	800
Prepaid expenses and deposits, non-current	243	149
Prepaid expenses and deposits	$ 785	$ 651

Prepaid Expenses and Deposits_3

Prepaid Expenses and Deposits (Details Narrative) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
DisclosureOfPrepaidExpensesAndDepositsLineItems [Line Items]
Prepaid and deposits related to exploration and evaluation expenditures	$ 71	$ 359
Peruvian Exploration Projects
DisclosureOfPrepaidExpensesAndDepositsLineItems [Line Items]
Prepaid and deposits related to exploration and evaluation expenditures	$ 163	$ 192

Mineral Property Interests (Det

Mineral Property Interests (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
DisclosureOfMineralPropertyInterestsLineItems [Line Items]
Balance, beginning of the year	$ 39,714	$ 39,072
Additions		960
Eastmain acquisition, mineral property interests acquired	125,606
Impairment of mineral property interests		(337)
Option payment received	(252)
Dispositions	(8,949)
Change in estimate of provision for site reclamation and closure	273	203
Currency translation adjustment	134	(184)
Balance, end of the year	160,772	39,714
Québec
DisclosureOfMineralPropertyInterestsLineItems [Line Items]
Balance, beginning of the year	0	0
Additions		0
Eastmain acquisition, mineral property interests acquired	125,606
Impairment of mineral property interests		0
Option payment received	(252)
Dispositions	0
Change in estimate of provision for site reclamation and closure	0	0
Currency translation adjustment	0	0
Balance, end of the year	125,354	0
Nunavut
DisclosureOfMineralPropertyInterestsLineItems [Line Items]
Balance, beginning of the year	19,085	18,871
Additions		11
Eastmain acquisition, mineral property interests acquired	0
Impairment of mineral property interests		0
Option payment received	0
Dispositions	0
Change in estimate of provision for site reclamation and closure	273	203
Currency translation adjustment	0	0
Balance, end of the year	19,358	19,085
British Columbia
DisclosureOfMineralPropertyInterestsLineItems [Line Items]
Balance, beginning of the year	16,060	16,060
Additions		0
Eastmain acquisition, mineral property interests acquired	0
Impairment of mineral property interests		0
Option payment received	0
Dispositions	0
Change in estimate of provision for site reclamation and closure	0	0
Currency translation adjustment	0	0
Balance, end of the year	16,060	16,060
Peru
DisclosureOfMineralPropertyInterestsLineItems [Line Items]
Balance, beginning of the year	4,569	4,141
Additions		949
Eastmain acquisition, mineral property interests acquired	0
Impairment of mineral property interests		(337)
Option payment received	0
Dispositions	(8,949)
Change in estimate of provision for site reclamation and closure	0	0
Currency translation adjustment	134	(184)
Balance, end of the year	$ 0	$ 4,569

Lease Liability (Details)

Lease Liability (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lease liabilities [abstract]
Balance, beginning of the year	$ 0
Additions, upon acquisition of Eastmain	259
Interest expense	14
Lease payments	(25)	$ 0
Balance, end of the year	248	0
Current	55	0
Non-current	$ 193	$ 0

Lease Liability (Details 1)

Lease Liability (Details 1) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
DisclosureOfLeaseLiabilitiesLineItems [Line Items]
Remaining lease payments	$ 248	$ 0
Under 1 Year
DisclosureOfLeaseLiabilitiesLineItems [Line Items]
Remaining lease payments	55
Between 1 - 2 Years
DisclosureOfLeaseLiabilitiesLineItems [Line Items]
Remaining lease payments	70
Between 3 - 5 Years
DisclosureOfLeaseLiabilitiesLineItems [Line Items]
Remaining lease payments	$ 123

Flow-through Share Premium Li_3

Flow-through Share Premium Liability (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
DisclosureOfFlowThroughSharePremiumLiabilityLineItems [Line Items]
Balance, beginning of the year	$ 7	$ 317
Flow-through liability assumed	590
Flow-through funds raised	7,500	557
Flow-through eligible expenditures	(453)	(867)
Balance, end of the year	7,644	7
Québec
DisclosureOfFlowThroughSharePremiumLiabilityLineItems [Line Items]
Balance, beginning of the year	0	0
Flow-through liability assumed	2,391
Flow-through funds raised	17,500	0
Flow-through eligible expenditures	(1,812)	0
Balance, end of the year	18,079	0
Nunavut
DisclosureOfFlowThroughSharePremiumLiabilityLineItems [Line Items]
Balance, beginning of the year	24	433
Flow-through liability assumed	0
Flow-through funds raised	0	1,900
Flow-through eligible expenditures	(24)	(2,309)
Balance, end of the year	0	24
British Columbia
DisclosureOfFlowThroughSharePremiumLiabilityLineItems [Line Items]
Balance, beginning of the year	0	737
Flow-through liability assumed	0
Flow-through funds raised	0	0
Flow-through eligible expenditures	0	(737)
Balance, end of the year	0	0
Total
DisclosureOfFlowThroughSharePremiumLiabilityLineItems [Line Items]
Balance, beginning of the year	24	1,170
Flow-through liability assumed	2,391
Flow-through funds raised	17,500	1,900
Flow-through eligible expenditures	(1,836)	(3,046)
Balance, end of the year	$ 18,079	$ 24

Bridge Loan (Details)

Bridge Loan (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020CAD ($)
DisclosureOfBridgeLoanLineItems [Line Items]
Amended Bridge Loan	$ 3,123
Deferred tax impact	(57)
Impact on statement of financial position	3,066
Liability Component
DisclosureOfBridgeLoanLineItems [Line Items]
Amended Bridge Loan	2,912
Deferred tax impact	0
Impact on statement of financial position	2,912
Equity Component
DisclosureOfBridgeLoanLineItems [Line Items]
Amended Bridge Loan	211
Deferred tax impact	(57)
Impact on statement of financial position	$ 154

Bridge Loan (Details 1)

Bridge Loan (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2020CAD ($)
Disclosure of accounting policy for flow-through shares [text block]
Carrying value of Bridge Loan to be derecognized	$ 2,981
Amended Bridge Loan assumed, including transaction costs incurred	3,140
Loss on derecognition of Bridge Loan	$ 159

Bridge Loan (Details 2)

Bridge Loan (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2020CAD ($)
Disclosure of accounting policy for flow-through shares [text block]
Fair value of Bridge Loan on initial recognition	$ 2,912
Finance expense	209
Finance expense paid in cash	(64)
Closing balance	$ 0

Bridge Loan (Details 3)

Bridge Loan (Details 3) $ in Thousands	12 Months Ended
	Dec. 31, 2020CAD ($)
Disclosure of accounting policy for flow-through shares [text block]
Carrying value of Amended Bridge Loan to be derecognized	$ 3,057
Loss on extinguishment of Amended Bridge Loan	$ 65

Provision for Site Reclamatio_3

Provision for Site Reclamation and Closure (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of other provisions [line items]
Balance, beginning of the year	$ 2,134	$ 1,891
Provision, assumed on acquisition of Eastmain	1,849
Accretion	34	40
Change in estimate	273	203
Balance, end of the year	4,290	2,134
Québec
Disclosure of other provisions [line items]
Balance, beginning of the year	0	0
Provision, assumed on acquisition of Eastmain	1,849
Accretion	5	0
Change in estimate	0	0
Balance, end of the year	1,854	0
Committee Bay
Disclosure of other provisions [line items]
Balance, beginning of the year	2,134	1,891
Provision, assumed on acquisition of Eastmain	0
Accretion	29	40
Change in estimate	273	203
Balance, end of the year	$ 2,436	$ 2,134

Provision for Site Reclamatio_4

Provision for Site Reclamation and Closure (Details Narrative) - Provision for Decommissioning, Restoration and Rehabilitation Costs - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure of other provisions [line items]
Other provisions, undiscounted cash flows	$ 5,060	$ 2,658
Major assumptions made concerning future events, other provisions, inflation rate	2.00%	2.00%
Major assumptions made concerning future events, other provisions, discount rate	1.21%	1.76%

Exploration and Evaluation Co_3

Exploration and Evaluation Costs (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	$ 3,658	$ 4,222
Québec
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	2,256	0
Québec | Assaying
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	83	0
Québec | Exploration Drilling
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	599	0
Québec | Camp Cost, Equipment and Field Supplies
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	163	0
Québec | Geological Consulting Services
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	124	0
Québec | Geophysical Analysis
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	110	0
Québec | Permitting, Environmental and Community Costs
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	0
Québec | Expediting and Mobilization
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	0
Québec | Salaries and Wages
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	506	0
Québec | Fuel and Consumables
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	190	0
Québec | Aircraft and Travel
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	98	0
Québec | Share Based Compensation
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	383	0
Nunavut
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	937	3,027
Nunavut | Assaying
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	118	163
Nunavut | Exploration Drilling
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	28	378
Nunavut | Camp Cost, Equipment and Field Supplies
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	245	336
Nunavut | Geological Consulting Services
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	2	145
Nunavut | Geophysical Analysis
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	143
Nunavut | Permitting, Environmental and Community Costs
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	54	189
Nunavut | Expediting and Mobilization
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	5	102
Nunavut | Salaries and Wages
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	369	614
Nunavut | Fuel and Consumables
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	36
Nunavut | Aircraft and Travel
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	703
Nunavut | Share Based Compensation
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	116	218
British Columbia
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	465	1,195
British Columbia | Assaying
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	27	72
British Columbia | Exploration Drilling
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	0
British Columbia | Camp Cost, Equipment and Field Supplies
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	28	149
British Columbia | Geological Consulting Services
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	194	200
British Columbia | Geophysical Analysis
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	169
British Columbia | Permitting, Environmental and Community Costs
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	69	61
British Columbia | Expediting and Mobilization
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	26
British Columbia | Salaries and Wages
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	116	174
British Columbia | Fuel and Consumables
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	40
British Columbia | Aircraft and Travel
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	2	187
British Columbia | Share Based Compensation
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	29	117
Total
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	3,658	4,222
Total | Assaying
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	228	235
Total | Exploration Drilling
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	627	378
Total | Camp Cost, Equipment and Field Supplies
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	436	485
Total | Geological Consulting Services
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	320	345
Total | Geophysical Analysis
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	110	312
Total | Permitting, Environmental and Community Costs
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	123	250
Total | Expediting and Mobilization
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	5	128
Total | Salaries and Wages
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	991	788
Total | Fuel and Consumables
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	190	76
Total | Aircraft and Travel
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	100	890
Total | Share Based Compensation
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	528	335
Peru
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	2,892	3,474
Peru | Assaying
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	16	76
Peru | Exploration Drilling
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	0	0
Peru | Camp Cost, Equipment and Field Supplies
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	340	278
Peru | Geological Consulting Services
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	291	568
Peru | Geophysical Analysis
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	46	0
Peru | Permitting, Environmental and Community Costs
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	1,372	1,182
Peru | Expediting and Mobilization
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	10	27
Peru | Salaries and Wages
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	543	427
Peru | Fuel and Consumables
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	9	23
Peru | Aircraft and Travel
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	53	110
Peru | Share Based Compensation
DisclosureOfExplorationAndEvaluationCostsLineItems [Line Items]
Exploration and evaluation costs	$ 212	$ 783

Share Capital (Details)

Share Capital (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020CAD ($)shares
September 2020 Offering
DisclosureOfShareCapitalLineItems [Line Items]
Number of flow-through shares issued | shares	5,000,000
Flow-through shares issued, impact on share capital | $	$ 17,500
Flow-through share premium liability | shares	0
Flow-through share premium liability, impact on share capital | $	$ (7,500)
Number of common shares issued | shares	2,750,000
Common shares issued, impact on share capital | $	$ 5,500
Cash share issue costs | shares	0
Cash share issue costs, impact on share capital | $	$ (1,518)
Proceeds net of share issue costs | shares	7,750,000
Proceeds net of share issue costs, impact on share capital | $	$ 13,982
February 2020 Offering
DisclosureOfShareCapitalLineItems [Line Items]
Number of common shares issued | shares	6,333,984
Common shares issued, impact on share capital | $	$ 15,000
Cash share issue costs | shares	0
Cash share issue costs, impact on share capital | $	$ (247)
Proceeds net of share issue costs | shares	6,333,984
Proceeds net of share issue costs, impact on share capital | $	$ 14,753

Share Capital (Details Narrativ

Share Capital (Details Narrative) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share Capital Abstract
Stock option exercises, shares	3,228,182
Stock option exercises, value	$ 7,799	$ 572

Share Option and Warrant Rese_3

Share Option and Warrant Reserves (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share Option And Warrant Reserves
Exploration and evaluation costs	$ 528	$ 335
Fees, salaries and other employee benefits	2,002	2,212
Recognized in net loss from continuing operations	2,530	2,547
Recognized in net loss from discontinued operations	239	853
Total share-based compensation expense	$ 2,769	$ 3,400

Share Option and Warrant Rese_4

Share Option and Warrant Reserves (Details 1) - yr	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share Option And Warrant Reserves
Risk-free interest rate	0.36%	1.59%
Expected dividend yield	0.00%	0.00%
Share price volatility	68.00%	62.00%
Expected forfeiture rate	0.00%	0.00%
Expected life (in years - weighted average)	4.90	4.33

Share Option and Warrant Rese_5

Share Option and Warrant Reserves (Details 2)	12 Months Ended
	Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares$ / shares
Share Option And Warrant Reserves
Number of share options outstanding beginning of the year | shares	5,602,619	4,192,253
Number of share options granted | shares	5,857,459	2,226,184
Number of share options exercised | shares	(3,228,182)	(625,798)
Number of share options expired | shares	(20,272)	(155,394)
Number of share options forfeited | shares	(70,620)	(34,626)
Number of share options outstanding end of the year | shares	8,141,004	5,602,619
Weighted average exercise price outstanding beginning of the year | $ / shares	$ 2.96	$ 2.74
Weighted average exercise price granted | $ / shares	2.42	2.83
Weighted average exercise price exercised | $ / shares	2.42	.92
Weighted average exercise price expired | $ / shares	2.90	3.45
Weighted average exercise price forfeited | $ / shares	2.61	2.80
Weighted average exercise price outstanding end of the year | $ / shares	$ 2.67	$ 2.96

Share Option and Warrant Rese_6

Share Option and Warrant Reserves (Details 3)	12 Months Ended
	Dec. 31, 2020sharesyr$ / shares	Dec. 31, 2019shares$ / shares	Dec. 31, 2018shares$ / shares
Disclosure of range of exercise prices of outstanding share options [line items]
Number of options outstanding | shares	8,141,004	5,602,619	4,192,253
Options outstanding, exercise price | $ / shares	$ 2.67	$ 2.96	$ 2.74
Options outstanding, remaining contractual life	3 years 5 months 23 days
Number of options exercisable | shares	4,989,454
Options exercisable, exercise price | $ / shares	$ 2.80
Options exercisable, remaining contractual life | yr	2.62
Exercise Price Range 1
Disclosure of range of exercise prices of outstanding share options [line items]
Number of options outstanding | shares	1,596,218
Options outstanding, exercise price | $ / shares	$ 1.68
Options outstanding, remaining contractual life	3 years 10 months 28 days
Number of options exercisable | shares	1,418,418
Options exercisable, exercise price | $ / shares	$ 1.49
Options exercisable, remaining contractual life | yr	3.74
Exercise Price Range 2
Disclosure of range of exercise prices of outstanding share options [line items]
Number of options outstanding | shares	6,308,503
Options outstanding, exercise price | $ / shares	$ 2.68
Options outstanding, remaining contractual life	3 years 5 months 16 days
Number of options exercisable | shares	3,334,753
Options exercisable, exercise price | $ / shares	$ 2.90
Options exercisable, remaining contractual life | yr	2.26
Exercise Price Range 3
Disclosure of range of exercise prices of outstanding share options [line items]
Number of options outstanding | shares	207,113
Options outstanding, exercise price | $ / shares	$ 8.60
Options outstanding, remaining contractual life	1 year 22 days
Number of options exercisable | shares	207,113
Options exercisable, exercise price | $ / shares	$ 8.60
Options exercisable, remaining contractual life | yr	1.06
Exercise Price Range 4
Disclosure of range of exercise prices of outstanding share options [line items]
Number of options outstanding | shares	29,170
Options outstanding, exercise price | $ / shares	$ 12.94
Options outstanding, remaining contractual life	3 months 25 days
Number of options exercisable | shares	29,170
Options exercisable, exercise price | $ / shares	$ 12.94
Options exercisable, remaining contractual life | yr	.32

Share Option and Warrant Rese_7

Share Option and Warrant Reserves (Details 4) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share Option And Warrant Reserves
Outstanding warrants beginning of the year	337,813	0
Warrants issued	1,297,591	337,813
Warrants exercised	(8,664)
Outstanding warrants end of the year	1,626,740	337,813
Outstanding warrants, exercise price beginning of the year	$ 1.33	$ 0
Warrants issued, exercise price		2.96
Warrants exercised, exercise price	1.46
Outstanding warrants, exercise price end of the year	$ 1.66	$ 1.33

Share Option and Warrant Rese_8

Share Option and Warrant Reserves (Details 5) - $ / shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
DisclosureOfRangeOfExercisePricesOfOutstandingWarrantsLineItems [Line Items]
Warrants outstanding	1,626,740	337,813	0
Exercise price	$ 1.66	$ 1.33	$ 0
Exercise Price Range 1
DisclosureOfRangeOfExercisePricesOfOutstandingWarrantsLineItems [Line Items]
Warrants outstanding	541,744
Exercise price	$ 1.46
Exercise Price Range 2
DisclosureOfRangeOfExercisePricesOfOutstandingWarrantsLineItems [Line Items]
Warrants outstanding	334,993
Exercise price	$ 1.37
Exercise Price Range 3
DisclosureOfRangeOfExercisePricesOfOutstandingWarrantsLineItems [Line Items]
Warrants outstanding	189,613
Exercise price	$ 1.11
Exercise Price Range 4
DisclosureOfRangeOfExercisePricesOfOutstandingWarrantsLineItems [Line Items]
Warrants outstanding	222,577
Exercise price	$ 1.11
Exercise Price Range 5
DisclosureOfRangeOfExercisePricesOfOutstandingWarrantsLineItems [Line Items]
Warrants outstanding	337,813
Exercise price	$ 2.96

Share Option and Warrant Rese_9

Share Option and Warrant Reserves (Details Narrative)	12 Months Ended
	Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares$ / shares
Share Option And Warrant Reserves
Number of share options granted | shares	5,857,459	2,226,184
Weighted average exercise price granted | $ / shares	$ 2.42	$ 2.83

Related Party Balances and Tr_3

Related Party Balances and Transactions (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of transactions between related parties [line items]
Exploration and evaluation expenditures	$ 3,658	$ 4,222
Fees, salaries and other employee benefits	4,319	3,708
Insurance	448	309
Legal and professional fees	562	257
Marketing and investor relations	1,322	1,337
Office and administration	667	383
Universal Mineral Services Ltd.
Disclosure of transactions between related parties [line items]
Fees, salaries and other employee benefits	284	346
Insurance	0	3
Legal and professional fees	12	2
Marketing and investor relations	141	85
Office and administration	460	327
Project investigation costs	170	44
Total transactions for the period	1,682	1,483
Universal Mineral Services Ltd. | Québec
Disclosure of transactions between related parties [line items]
Exploration and evaluation expenditures	157	0
Universal Mineral Services Ltd. | Nunavut
Disclosure of transactions between related parties [line items]
Exploration and evaluation expenditures	200	301
Universal Mineral Services Ltd. | British Columbia
Disclosure of transactions between related parties [line items]
Exploration and evaluation expenditures	106	154
Universal Mineral Services Ltd. | Peru
Disclosure of transactions between related parties [line items]
Exploration and evaluation expenditures	$ 152	$ 221

Related Party Balances and Tr_4

Related Party Balances and Transactions (Details 1) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related party transactions [abstract]
Short-term benefits provided to executives	$ 1,985	$ 1,469
Directors fees paid to non-executive directors	313	154
Share-based payments	1,998	2,244
Key management personnel compensation	$ 4,296	$ 3,867

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of cash flows [abstract]
Amounts receivable	$ (582)	$ 3
Prepaid expenses and deposits	(242)	100
Accounts payable and accrued liabilities	(72)	182
Changes in non-cash working capital	$ (896)	$ 285

Segmented Information (Details)

Segmented Information (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure of operating segments [line items]
Restricted cash	$ 165	$ 115
Prepaid expenses and deposits, non-current	243	149
Property and equipment, net	1,222	1,272
Mineral property interests	160,772	39,714
Non-current assets	162,402	41,250
Canada
Disclosure of operating segments [line items]
Restricted cash	165	115
Prepaid expenses and deposits, non-current	243	0
Property and equipment, net	1,222	1,202
Mineral property interests	160,772	35,145
Non-current assets	162,402	36,462
Peru
Disclosure of operating segments [line items]
Restricted cash	0	0
Prepaid expenses and deposits, non-current	0	149
Property and equipment, net	0	70
Mineral property interests	0	4,569
Non-current assets	$ 0	$ 4,788

Segmented Information (Details

Segmented Information (Details Narrative)	12 Months Ended
	Dec. 31, 2020
Disclosure of operating segments [abstract]
Number of operating segments	1

Loss Per Share (Details)

Loss Per Share (Details) - CAD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings per share [abstract]
Loss for the year from continuing operations	$ 10,763	$ 9,548
Loss for the year	$ 14,253	$ 13,933
Weighted average number of shares outstanding	80,397,193	93,968,172
Basic and diluted loss per share from continuing operations	$ .13	$ .15
Basic and diluted loss per share	$ .18	$ 0.22

Financial Instruments (Details)

Financial Instruments (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of detailed information about financial instruments [line items]
Financial assets, amortized cost	$ 15,604	$ 878
Financial assets, FVTPL	2,675	346	$ 186
Financial assets, total	18,279	1,224
Financial liabilities, amortized cost	3,280	3,998
Financial liabilities, FVTPL	0	0
Financial liabilities, total	3,280	3,998
Cash
Disclosure of detailed information about financial instruments [line items]
Financial assets, amortized cost	15,361	660
Financial assets, FVTPL	0	0
Financial assets, total	15,361	660
Marketable Securities
Disclosure of detailed information about financial instruments [line items]
Financial assets, amortized cost	0	0
Financial assets, FVTPL	2,675	346
Financial assets, total	2,675	346
Deposits
Disclosure of detailed information about financial instruments [line items]
Financial assets, amortized cost	243	218
Financial assets, FVTPL	0	0
Financial assets, total	243	218
Accounts Payable and Accrued Liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, amortized cost	3,280	1,067
Financial liabilities, FVTPL	0	0
Financial liabilities, total	3,280	1,067
Bridge Loan
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, amortized cost	0	2,931
Financial liabilities, FVTPL	0	0
Financial liabilities, total	$ 0	$ 2,931

Financial Instruments (Details

Financial Instruments (Details 1) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of detailed information about financial instruments [line items]
Cash	$ 15,361	$ 660
Marketable securities	2,675	346	$ 186
Level 1
Disclosure of detailed information about financial instruments [line items]
Cash	15,361	660
Marketable securities	2,675	346
Level 2
Disclosure of detailed information about financial instruments [line items]
Cash	0	0
Marketable securities	$ 0	$ 0

Financial Instruments (Detail_2

Financial Instruments (Details 2) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Accounts payable and accrued liabilities	$ 3,280	$ 1,067
Québec flow-through expenditure requirements	18,079
Undiscounted lease payments	762
Total	22,121
Under 1 Year
Disclosure of detailed information about financial instruments [line items]
Accounts payable and accrued liabilities	3,280
Québec flow-through expenditure requirements	0
Undiscounted lease payments	179
Total	3,459
2 to 3 Years
Disclosure of detailed information about financial instruments [line items]
Accounts payable and accrued liabilities	0
Québec flow-through expenditure requirements	18,079
Undiscounted lease payments	350
Total	18,437
Over 3 Years
Disclosure of detailed information about financial instruments [line items]
Accounts payable and accrued liabilities	0
Québec flow-through expenditure requirements	0
Undiscounted lease payments	225
Total	$ 225

Financial Instruments (Detail_3

Financial Instruments (Details 3) - Currency Risk - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Net exposure	$ (358)	$ (25)
Financial Liabilities Denominated in Foreign Currencies
Disclosure of detailed information about financial instruments [line items]
Net exposure	(41)	(80)
Financial Assets Denominated in Foreign Currencies
Disclosure of detailed information about financial instruments [line items]
Net exposure	$ 399	$ 55

Management of Capital (Details)

Management of Capital (Details) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Management Of Capital
Equity	$ 166,272	$ 36,823
Bridge loan	0	2,931
Less cash	(15,361)	(660)	$ (1,653)
Capital	$ 150,911	$ 39,094

Income Taxes (Details)

Income Taxes (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Options exercisable, remaining contractual life
Loss before income taxes	$ (10,763)	$ (9,602)
Canadian federal and provincial income tax rates	27.00%	27.00%
Expected income tax recovery	$ (2,906)	$ (2,593)
Increase (decrease) in income tax recovery resulting from:
Spin-out transaction	8,650	0
Acquisition of Eastmain	(7,838)	0
Share-based compensation	683	918
Share issuance costs	(462)	(63)
Adjustment to tax estimates	(22)	151
Amortization of flow-through share premium	(120)	(234)
Flow-through expenditures renunciation	489	822
Difference in future and foreign tax rates	234	0
Other	55	(1,202)
Increase in unrecognized tax asset	1,237	2,147
Income tax recovery	$ 0	$ (54)

Income Taxes (Details 1)

Income Taxes (Details 1) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Deferred income tax assets
Balance, beginning of period	$ 0	$ 0
Net loss	0	54
Equity	0	(54)
Balance, end of period	0	0
Non-capital Losses
Deferred income tax assets
Balance, beginning of period	15,076	13,690
Net loss	4,770	1,386
Equity	0	0
Balance, end of period	19,846	15,076
Capital Losses Carried Forward
Deferred income tax assets
Balance, beginning of period	45	45
Net loss	37	0
Equity	0	0
Balance, end of period	82	45
Share Issuance Costs and CEC
Deferred income tax assets
Balance, beginning of period	656	913
Net loss	177	(320)
Equity	0	63
Balance, end of period	833	656
Investments
Deferred income tax assets
Balance, beginning of period	57	79
Net loss	(13)	(22)
Equity	0	0
Balance, end of period	44	57
Site Reclamation Obligations
Deferred income tax assets
Balance, beginning of period	576	511
Net loss	561	65
Equity	0	0
Balance, end of period	1,137	576
Property and Equipment
Deferred income tax assets
Balance, beginning of period	259	197
Net loss	53	62
Equity	0	0
Balance, end of period	312	259
Deferred Tax Assets, Mineral Property Interests
Deferred income tax assets
Balance, beginning of period	7,823	7,061
Net loss	(3,838)	762
Equity	0	0
Balance, end of period	3,985	7,823
Capital Lease Obligation
Deferred income tax assets
Balance, beginning of period	0
Net loss	66
Equity	0
Balance, end of period	66	0
Peruvian Value Added Tax Receivable
Deferred income tax assets
Balance, beginning of period	402	355
Net loss	(402)	47
Equity	0	0
Balance, end of period	0	402
Foreign exchange on Intercompany
Deferred income tax assets
Balance, beginning of period	6	(104)
Net loss	(6)	110
Equity	0	0
Balance, end of period	0	6
Total Deferred Tax Assets
Deferred income tax assets
Balance, beginning of period	24,900	22,747
Net loss	1,405	2,090
Equity	0	63
Balance, end of period	26,305	24,900
Deferred Tax Liabilities, Property and Equipment
Deferred income tax assets
Balance, beginning of period	0
Net loss	(52)
Equity	0
Balance, end of period	(52)	0
Deferred Tax Liabilities, Mineral Property Interests
Deferred income tax assets
Balance, beginning of period	(913)	(951)
Net loss	36	38
Equity	0	0
Balance, end of period	(877)	(913)
Deferred Tax Liabilities, Investments
Deferred income tax assets
Balance, beginning of period	0
Net loss	(196)
Equity	0
Balance, end of period	(196)	0
Bridge Loan
Deferred income tax assets
Balance, beginning of period	(44)	0
Net loss	44	10
Equity	0	(54)
Balance, end of period	0	(44)
Total Net Deferred Tax Assets (Liabilities)
Deferred income tax assets
Balance, beginning of period	23,943	21,796
Net loss	1,237	2,138
Equity	0	9
Balance, end of period	25,180	23,943
Unrecogonized Deferred Tax Assets
Deferred income tax assets
Balance, beginning of period	(23,943)	(21,796)
Net loss	(1,237)	(2,084)
Equity	0	(63)
Balance, end of period	$ (25,180)	$ (23,943)

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - CAD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Options exercisable, remaining contractual life
Accumulated non-capital losses	$ 75,864	$ 54,468
Unused tax losses for which no deferred tax asset recognised	$ 0	$ 661