Fury Gold Mines Limited (FURY) 40-F 23 Mar 22 2021 FY Annual report (Canada) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2021shares
Document Information Line Items
Entity Registrant Name	Fury Gold Mines Limited
Entity Central Index Key	0001514597
Document Type	40-F
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding	125,720,950
Document Annual Report	true
Entity File Number	001-38145
Entity Incorporation State Country Code	Z4
Entity Address Address Line 1	Suite 1630
Entity Address Address Line 2	1177 West Hastings Street
Entity Address City Or Town	Vancouver
Entity Address State Or Province	BC
Entity Address Postal Zip Code	V6E 2K3
City Area Code	778
Icfr Auditor Attestation Flag	false
Auditor Name	Deloitte LLP
Auditor Location	Vancouver BC V6Z 1L3Canada
Auditor Firm Id	1208
Local Phone Number	729-0600
Security 12b Title	Common Shares, no par value
Security Exchange Name	NYSE
No Trading Symbol Flag	true
Entity Interactive Data Current	Yes
Document Registration Statement	false
Annual Information Form	true
Audited Annual Financial Statements	true
Business Contact [Member]
Document Information Line Items
Entity Address Address Line 1	Suite 400
Entity Address Address Line 2	2711 Centerville Road
Entity Address City Or Town	Wilmington
Entity Address State Or Province	DE
Entity Address Postal Zip Code	19808
City Area Code	800
Local Phone Number	927-9800
Contact Personnel Name	Corporation Service Company

Consolidated Statements of Fina

Consolidated Statements of Financial Position	Dec. 31, 2021CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)
Current assets:
Cash	$ 3,259,000		$ 15,361,000
Marketable securities	605,000	$ 2,675,000	2,675,000
Accounts receivable	322,000		827,000
Prepaid expenses and deposits	502,000		785,000
Total current assets	4,688,000		19,648,000
Non-current assets:
Restricted cash	130,000		165,000
Accounts receivable	50,000		0
Prepaid expenses and deposits	266,000		243,000
Property and equipment	1,191,000		1,222,000
Mineral property interests	160,693,000		160,772,000
Total noncurrent assets	162,330,000	162,402,000
Total assets	167,018,000		182,050,000
Current liabilities:
Accounts payable and accrued liabilities	1,888,000		3,280,000
Lease liability	104,000		55,000
Flow-through share premium liability	3,124,000		7,644,000
Advances received for exploration	0		316,000
Total current liabilities	5,116,000	11,295,000
Non-current liabilities:
Lease liability	357,000		193,000
Provision for site reclamation and closure	4,190,000		4,290,000
Total liabilities	9,663,000		15,778,000
Equity:
Share capital	295,464,000		294,710,000
Share option and warrant reserve	18,640,000		11,521,000
Deficit	(156,749,000)		(139,959,000)
Total equity	157,355,000	$ 166,272,000	166,272,000
Total liabilities and equity	$ 167,018,000		$ 182,050,000

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)$ / shares	Dec. 31, 2020CAD ($)$ / shares
Operating expenses:
Exploration and evaluation costs	$ 15,355	$ 3,658
Fees, salaries and other employee benefits	3,694	4,319
Insurance	637	448
Legal and professional fees	1,983	562
Marketing and investor relations	1,093	1,322
Office and administration	606	667
Regulatory and compliance	371	319
Operating expenses	23,739	11,295
Other expenses (income):
Unrealized net gain on marketable securities	869	(565)
Realized net loss on marketable securities	311	0
Amortization of flow-through share premium	(4,520)	(453)
Finance expense related to bridge loan	0	259
loss on bridge loan	0	224
Accretion of provision for site reclamation and closure	69	34
Interest expense on lease liability	98	0
Interest and other income	36	91
Foreign exchange loss	(14)	(60)
Impairment of equipment	42	0
Other	39	0
Loss from continuing operations before taxes	20,625	10,763
Income tax refunded	(3,835)	0
Loss from continuing operations	(3,114)	(532)
Loss from discontinued operations	0	3,490
Loss from continuing operations	(16,790)	(10,763)
Loss for the year	16,790	14,253
Items that may be reclassified subsequently to profit or loss:
Unrealized currency (gain) loss on translation of foreign operations	0	23
Other comprehensive (income) loss for the year	0	(23)
Total comprehensive loss for the period	$ (16,790)	$ 14,230
Loss per share from continuing operations: basic and diluted | (per share)	$ 0.14	$ 0.13
Basic and diluted loss per share | $ / shares	$ 0.14	$ 0.18

Consolidated Statements of Equi

Consolidated Statements of Equity $ in Thousands, $ in Thousands	CAD ($)	USD ($)	Share CapitalUSD ($)shares	Share Option and Warrant ReserveUSD ($)	Accumulated Other Comprehensive Income (Loss)USD ($)	DeficitUSD ($)
Balance, shares at Dec. 31, 2019 | shares			64,340,963,000
Balance, amount at Dec. 31, 2019		$ 36,823	$ 129,413	$ 9,992	$ 22	$ (102,604)
Statement [Line Items]
Comprehensive loss for the year	$ 14,230	14,230			23	(14,253)
Distribution recognized upon disposition of Spincos		(23,147)			$ (45)	(23,102)
Shares issued pursuant to offering, net of share issue costs, shares | shares			6,333,984,000
Shares issued pursuant to offering, net of share issue costs, amount		14,753	$ 14,753
Shares issued upon conversion of amended bridge loan, shares | shares			1,318,877,000
Shares issued upon conversion of amended bridge loan, amount		3,334	$ 3,334
Shares issued pursuant to Alturas option, shares | shares			743,187,000
Shares issued pursuant to Alturas option, amount		3,036	$ 3,036
Acquisition of Eastmain, shares | shares			34,100,000,000
Acquisition of Eastmain, amount		117,690	$ 117,690
Shares issued pursuant to private placement, net of share issue costs and flow-through liability, shares | shares			7,750,000,000
Shares issued pursuant to private placement, net of share issue costs and flow-through liability, amount		13,982	$ 13,982
Share options exercised, shares | shares			3,228,182,000
Share options exercised, amount		7,799	$ 12,489	(4,690)
Warrants exercised, shares | shares			8,664,000
Warrants exercised, amount		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
Balance, amount at Dec. 31, 2020	166,272	166,272	$ 294,710	11,521		(139,959)
Balance, shares at Dec. 31, 2020 | shares			117,823,857,000
Statement [Line Items]
Comprehensive loss for the year	(16,790)	(16,790)				(16,790)
Shares issued pursuant to private placement, net of share issue costs and flow-through liability, amount		290	$ 290
Share options exercised, shares | shares			5,834,000
Share options exercised, amount		5	$ 6	(1)
Warrants exercised, shares | shares			101,042,000
Warrants exercised, amount		147	$ 159	(12)
Share-based compensation		2,046		2,046
Shares issued pursuant to the purchase of a royalty, net of share issue costs (note 11, 15b(ii)), Share | shares			328,767,000
Shares issued pursuant to private placement, net of share issue costs, Share (note 15bi) | shares			7,461,450,000
Shares issued pursuant to private placement, net of share issue costs,Amount (note 15bi)		5,385	$ 5,385
Fair value of warrants issued (note 16c)			(5,086)	5,086
Balance, amount at Dec. 31, 2021	$ 157,355	$ 157,355	$ 295,464	$ 18,640		$ (156,749)
Balance, shares at Dec. 31, 2021 | shares			125,720,950

Consolidated Statements of Cash

Consolidated Statements of Cash Flows	12 Months Ended
	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)
Operating activities:
Loss for the year from continuing operations	$ (16,790,000)	$ (16,790,000)	$ (10,763,000)
Adjusted for:
Interest income	36,000		91,000
Items not involving cash:
Unrealized net gain on marketable securities	(869,000)		565,000
Realized net loss on marketable securities		311,000		$ 0
Depreciation	371,000		252,000
Amortization of flow-through share premium	(4,520,000)		(453,000)
Share-based compensation	2,046,000		2,530,000
Bridge loan expense	0		483,000
Accretion expense	69,000		34,000
Interest expense on lease liability	98,000	98,000	0	0
Impairment of equipment		42,000		0
Other	1,000		12,000
Changes in non-cash working capital	266,000		(896,000)
Cash used in operating activities, continuing operations	(17,273,000)		(9,457,000)
Cash used in operating activities, discontinued operation	0		(3,224,000)
Investing activities:
Interest received	36,000		91,000
Disposition of Peruvian projects to Spincos	0		(12,781,000)
Transaction costs paid on behalf of Spincos	0		(1,400,000)
Acquisition of Eastmain, net of cash acquired	(1,210,000)		(1,403,000)
Option payment received	150,000		150,000
Acquisition of Homestake Ridge royalty, inclusive of fees	(110,000)		0
Proceeds from sale of marketable securities	1,000,000
Property and equipment additions, net of disposals	(87,000)		0
Decrease (increase) in restricted cash	35,000		(50,000)
Other	0		27,000
Cash (used in) provided by investing activities, continuing operations	(186,000)		(15,366,000)
Cash used in investing activities, discontinued operation	0		(1,210,000)
Financing activities:
Proceeds from issuance of common shares, net of cash share issuance costs	5,385,000		19,885,000
Proceeds from issuance of flow-through shares	0		16,350,000
Interest paid	0		64,000
Lease payments	180,000		25,000
Proceeds from share option and warrant exercises	152,000		7,812,000
Cash provided by financing activities, continuing operations	5,357,000		43,958,000
(Decrease) increase in cash	(12,102,000)		14,701,000
Cash, beginning of the year	15,361,000			$ 660,000
Cash, end of the period	$ 3,259,000	$ 3,259,000	$ 15,361,000

Nature of Operations and Going

Nature of Operations and Going Concern	12 Months Ended
	Dec. 31, 2021
Nature of Operations and Going Concern
Nature of Operations	Note 1: Nature of operations and going concern Fury Gold Mines Limited (the “Company” or “Fury Gold”) was incorporated on June 9, 2008, under the Business Corporations Act The Company’s principal business activity is the acquisition and exploration of resource projects in Canada. At December 31, 2021, the Company had three principal projects: Eau Claire in Quebec, Committee Bay in Nunavut, and Homestake Ridge in British Columbia. The Eau Claire project is viewed as the Company’s lead asset. On December 6, 2021, the Company entered into a definitive agreement (the "Purchase Agreement") with Dolly Varden Silver Corporation (“Dolly Varden”) pursuant to which the Company agreed to sell to Dolly Varden a 100% interest in Fury Gold's wholly owned subsidiary, Homestake Resources Corporation (“Homestake Resources”) in exchange for $5,000 in cash and 76,504,590 common shares in Dolly Varden with a deemed value under the share purchase agreement of $45,000. Homestake Resources is the owner of a 100% interest in the Homestake Ridge gold-silver project which is located adjacent to the Dolly Varden Project owned by Dolly Varden in the Golden Triangle, British Columbia (“the Dolly Varden Transaction”). The Dolly Varden Transaction completed on February 25, 2022. As a result, Fury acquired the 76,504,590 Dolly Varden Shares on February 25, 2022, representing approximately 35.33% of the Dolly Varden Shares currently outstanding and 32.88% of Dolly Varden on a fully diluted basis. In connection with the Dolly Varden Transaction and as contemplated in the Purchase Agreement, Dolly Varden and Fury Gold have also entered into an investor rights agreement dated February 25, 2022 (the "Investor Rights Agreement"). Pursuant to its obligations under the Investor Rights Agreement, Dolly Varden has appointed Forrester “Tim” Clark, the Chief Executive Officer (“CEO”) of Fury Gold, and Michael Henrichsen, the Chief Geological Officer of Fury Gold, to the board of directors of Dolly Varden. On October 9, 2020, the Company acquired Eastmain Resources Inc. (“Eastmain”), including Eastmain’s principal asset, the 100%-owned Eau Claire gold project located in James Bay, Quebec. Prior to October 9, 2020, the Company, formerly Auryn Resources Inc. (“Auryn”), 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. (formerly “Tier One Metals Inc.”) and Coppernico Metals Inc. (formerly “Sombrero Resources Inc.”) (collectively, the “Spincos”), as part of the arrangement agreement (the “Arrangement”) to acquire Eastmain (note 6). The Arrangement was contingent upon a corporate restructuring of the Company, together referred to as the “October 2020 Transaction”. On October 5, 2020, the shareholders of both companies (Eastmain and the Company) approved the October 2020 Transaction at their respective shareholder special meetings. Going Concern As a company focused on the acquisition and exploration of mineral properties, Fury Gold does not generate revenues and thus finances its activities through equity and debt financings. The Company has not yet determined whether its properties contain economically recoverable ore reserves. The Company’s mineral property interests recorded on its consolidated statements of financial position reflect historical acquisition costs incurred, and while the carrying values are assessed at each reporting period for indicators of impairment, their recoverability is dependent upon the existence of economically recoverable reserves, the ability of the Company to obtain financing to continue exploration of these assets, and ultimately on future profitable operations or the sale of such mineral properties. As at December 31, 2021, the Company had unrestricted cash of $3,259 (December 31, 2020 – unrestricted cash of $15,361), a working capital deficit of $428 (December 31, 2020 – working capital surplus of $8,353), which the Company defines as current assets less current liabilities, and an accumulated deficit of $156,749 (December 31, 2020 – $139,959). During the year ended December 31, 2021, Fury Gold incurred a loss of $16,790 (December 31, 2020 – $14,230) 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 of its mineral properties. Subsequent to year ended December 31, 2021, the Company completed the sale of the Homestake Ridge property to Dolly Varden for total gross cash proceeds of $5,000, and 76,504,590 common shares of Dolly Varden. Management plans to continue to secure the necessary financing through a combination of equity financing and/or disposition of mineral properties, however, the ability to continue as a going concern remains dependent upon its ability to obtain sufficient financing necessary to continue to fund its mineral properties. These conditions create a material uncertainty that may cast substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements have been prepared on the basis that the Company will continue as a going concern which assumes that the Company will be able to meet its commitments, continue operations and realize its assets and discharge its liabilities in the normal course of operations for the foreseeable future. These consolidated financial statements do not give effect to adjustments to the carrying values and classification of assets and liabilities that would be necessary should the Company be unable to continue as a going concern. Such adjustments could be material. Response to COVID-19 The situation in Canada regarding COVID-19 remains fluid and permitted activities continue to be subject to change. At the Company’s Eau Claire project in Quebec, all on-site employees have participated in the vaccination program and have received both doses and the booster dose. On-site measures are in place to mitigate the potential spread of the COVID-19 virus. These measures include a pre-travel COVID-19 screening questionnaire; a pre-travel COVID-19 PCR testing; and on-site Rapid Testing for COVID-19. Quebec’s COVID-19 relief program ended on April 1, 2021, and all work and reporting requirements are now in force. Operations in Nunavut for 2021 were subject to COVID-19 protocols and travel restrictions. All travellers required an exemption from the chief public health officer of Nunavut prior to travel into the Territory, either through evidence of double vaccination status or evidence of direct travel to remote regions with no interaction with Nunavut Hamlets or Nunavummiut. At site, the Company implemented certain protocols to ensure safe operations in the Territory including increased cleaning and sanitation; rapid COVID-19 testing; and an isolation facility for symptomatic personnel. Additionally, all workers were required to provide the Company with a completed self-assessment form and evidence of a negative COVID test 48 hours prior to travel to site. Mining and exploration were deemed essential in British Columbia. Exploration programs in the province were subject to approval of a COVID-19 plan by the Chief Provincial Health Officer. Aside from additional protocols implemented and minor travel delays due to restrictions, the Company was able to complete its planned goals for 2021 with no impact on the consolidated financial statements for the year ended December 31, 2021.

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Basis of Presentation
Basis of Presentation	Note 2: Basis of presentation 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, 2021. 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 23, 2022.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Significant Accounting Policies
Significant Accounting Policies	Note 3: Significant accounting policies a) Basis of measurement These consolidated financial statements have been prepared on a historical cost basis, except for those assets and liabilities that are measured at revalued amounts or fair values at the end of each reporting period. b) Currency of presentation The Company's presentation currency is the Canadian ("CAD") dollar. All amounts, with the exception of per share amounts, are expressed in thousands of Canadian dollars, unless otherwise stated. References to US$ are to United States (“US”) dollars. c) Basis of consolidation These consolidated financial statements include the accounts of the Company and its subsidiaries. Subsidiaries are entities controlled by the Company. Control exists when the Company has power over an investee, when the Company is exposed, or has rights, to variable returns from the investee and when the Company has the ability to affect those returns through its power over the investee. Subsidiaries are included in the consolidated financial results of the Company from the effective date of acquisition up to the effective date of disposition or loss of control. All intercompany balances and transactions have been eliminated. The subsidiaries (with a beneficial interest of 100%) of the Company at December 31, 2021 were as follows: Subsidiary Place of incorporation Functional currency North Country Gold Corp. (“North Country”) BC, Canada CAD Homestake Resource Corporation (“Homestake”) (a) BC, Canada CAD Homestake Royalty Corporation (inactive) (a) BC, Canada CAD Eastmain Resources Inc. (“Eastmain”) ON, Canada CAD Eastmain Mines Inc. (“Eastmain Mines”) (b) Canada CAD Fury Gold USA Limited (“Fury Gold USA”) (c) Delaware, U.S.A USD (a) Disposed of on February 25, 2022 (note 1) (b) Company incorporated federally in Canada. (c) Fury USA was incorporated on November 21, 2021 and will provide certain administrative services with respect to short-term employee benefits for US resident personnel. d) 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 currency of the primary economic environment in which such entities operate. The presentation and functional currency of the Company and each of its subsidiaries, with the exception of Fury Gold USA, is the Canadian dollar. Fury Gold USA’s functional currency has been determined to be the US dollar. The functional currency of the previously held Peruvian subsidiaries was the US dollar. As the Peruvian subsidiaries were spun out in 2020, there are no foreign exchange reserve movements in 2021 in relation to these operations. 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 statements of loss and comprehensive loss for the period in which they arise. e) 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, 2021 and 2020, the Company did not have any cash equivalents. f) Property and equipment Property and equipment are 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 (“ROU”) assets useful life or the lease term, whichever is shorter g) 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 statements 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 statements 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. h) Impairment of non-financial assets At each reporting date, the Company reviews the carrying amounts of its non-financial 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 consolidated statements 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 consolidated statements of loss and comprehensive loss. i) Cost-sharing structures Pursuant to the Eastmain acquisition, the Company acquired a 38.12% interest in the Éléonore South Joint Venture (note 6, 11). The arrangement has been scoped out of IFRS 11 – Joint arrangements j) 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. k) 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. l) 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 consolidated statements of loss and comprehensive loss over the life of the operation through amortization and the unwinding of the discount in the provision. m) 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 n) 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. o) 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 statements 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 statements of loss and comprehensive loss over the remaining vesting period. Equity instruments granted to non-employees are recorded in the consolidated statements of loss and comprehensive loss at the fair value of the goods or services received, unless they are related to the issuance of shares. -Costs 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. p) Income taxes Income tax reported in the consolidated statements of loss and comprehensive loss for the period presented comprises current and deferred income tax. Income tax is recognized in the consolidated statements 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. q) Financial instruments The Company recognizes financial assets and liabilities on its consolidated statements 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. i) 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, accounts receivable, and deposits. ii) 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, 2021. iii) 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 20. iv) 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. v) 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. r) 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 for the year ended December 31, 2020 and has presented them as such in the consolidated statements of loss and comprehensive loss and consolidated statements of cash flow. Comparative information has been restated to conform to the disclosure requirements. s) 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.

Changes in accounting standards

Changes in accounting standards	12 Months Ended
	Dec. 31, 2021
Changes in accounting standards	Note 4: Changes in accounting standards Application of new and revised accounting standards: The Company has adopted the following amended accounting standards and policies effective January 1, 2021: IBOR Reform and the Effects on Financial Reporting – Phase II In August 2020, the Board issued Interest Rate Benchmark Reform—Phase 2, which amends IFRS 9, Financial Instruments, IAS 39, Financial Instruments: Recognition and Measurement, IFRS 7, Financial Instruments: Disclosures, IFRS 4, Insurance Contracts and IFRS 16, Leases. The Board issued amendments that complement those issued in 2019 and focus on the effects of the interest rate benchmark reform on a company’s financial statements that arise when, for example, an interest rate benchmark used to calculate interest on a financial asset is replaced with an alternative benchmark rate. The Phase 2 amendments apply only to changes required by the interest rate benchmark reform to financial instruments and hedging relationships. 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, 2021, 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. Annual Improvements to IFRSs 2018-2020 Cycle Annual Improvements to IFRS Standards 2018–2020 makes amendments to the following standards and has an effective date of January 1, 2022: IFRS 1 - First-time Adoption of International Financial Reporting Standards: The amendment permits a subsidiary that applies paragraph D16(a) of IFRS 1 to measure cumulative translation differences using the amounts reported by its parent, based on the parent’s date of transition to IFRSs. IFRS 9 - Financial Instruments: Fees in the ‘10 per cent’ test for derecognition of financial liabilities. The amendment clarifies which fees an entity includes when it applies the ‘10 per cent’ test in paragraph B3.3.6 of IFRS 9 in assessing whether to derecognise a financial liability. An entity includes only fees paid or received between the entity (the borrower) and the lender, including fees paid or received by either the entity or the lender on the other’s behalf. IFRS 16 - Leases The amendment to Illustrative Example 13 accompanying IFRS 16 removes from the example the illustration of the reimbursement of leasehold improvements by the lessor in order to resolve any potential confusion regarding the treatment of lease incentives that might arise because of how lease incentives are illustrated in that example. IAS 41 – Agriculture: The amendment removes the requirement in paragraph 22 of IAS 41 for entities to exclude taxation cash flows when measuring the fair value of a biological asset using a present value technique. This will ensure consistency with the requirements in IFRS 13. 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. 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 consolidated statements 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 1 – Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements – Disclosure of Accounting Policies The amendments change the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments replace all instances of the term ‘significant accounting policies’ with ‘material accounting policy information’. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The supporting paragraphs in IAS 1 are also amended to clarify that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. Accounting policy information may be material because of the nature of the related transactions, other events or conditions, even if the amounts are immaterial. However, not all accounting policy information relating to material transactions, other events or conditions is itself material. The Board has also developed guidance and examples to explain and demonstrate the application of the ‘four-step materiality process’ described in IFRS Practice Statement 2. The amendments to IAS 1 are effective for annual periods beginning on or after January 1, 2023, with earlier application permitted and are applied prospectively. The amendments to IFRS Practice Statement 2 do not contain an effective date or transition requirements. Amendments to IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors – Definition of Accounting Estimates The amendments replace the definition of a change in accounting estimates with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to measurement uncertainty”. The definition of a change in accounting estimates was deleted. However, the concept of changes in accounting estimates in the Standard was retained with the following clarifications: · A change in accounting estimate that results from new information or new developments is not the correction of an error; and · The effects of a change in an input or a measurement technique used to develop an accounting estimate are changes in accounting estimates if they do not result from the correction of prior period errors. The amendments are effective for annual periods beginning on or after January 1, 2023 to changes in accounting policies and changes in accounting estimates that occur on or after the beginning of that period, with earlier application permitted.

Critical accounting estimates a

Critical accounting estimates and judgments	12 Months Ended
	Dec. 31, 2021
Critical accounting estimates and judgments	Note 5: Critical accounting estimates and judgments 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, which 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. 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 statements 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 requires 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. Credit on duties refundable for loss and refundable tax credits for resource investment The Company is entitled to a refundable credit on duties of 12% for eligible losses under the Quebec Mining Duties Act and a refundable resource investment tax credit of 38.75% under the Quebec Income Tax Act. These credits are applicable to qualified exploration expenditures on properties located within the province of Quebec. Application for these credits is subject to verification and, as such, they are recognized only when they are received or when a notice of assessment confirming the amount to be paid is issued. During the year ended December 31, 2021, the Company received a refund of $3,835, consisting of $3,736 principal and $99 interest, which was classified as income tax recovery on the consolidated statements of loss and comprehensive loss. (e) Asset held for sale The Company applies judgment to determine whether an asset or disposal group is available for immediate sale in its present condition and that its sale is highly probable and therefore should be classified as held for sale at the balance sheet date. Conditions that support a highly probable sale include the following: an appropriate level of management is committed to a plan to sell the asset or disposal group, an active program to locate a buyer and complete the plan has been initiated, the asset or disposal group has been actively marketed for sale at a price that is reasonable in relation to its current fair value, and the sale of the asset or disposal group is expected to qualify for recognition as a completed sale within one year from the date of classification as held for sale. At December 31, 2021, the Company concluded that the Homestake Ridge project did not meet the criteria for classification as held for sale as it viewed the sale as not being highly probable at that time. (f) 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. (g) 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 for the year ended December 31, 2020, 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 (note 6). (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. 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: (i) 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 statements 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 Quebec and Nunavut were as follows: Years ended December 31 2021 2020 Risk-free interest rate 1.68% 1.21% Annual inflation 2.5% 2.0% (j) 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. (k) 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 statements of financial position and the benefit of other tax losses and temporary differences not yet recognized.

Acquisition of Eastmain and for

Acquisition of Eastmain and formation of Fury Gold	12 Months Ended
	Dec. 31, 2021
Acquisition of Eastmain and formation of Fury Gold
Acquisition of Eastmain and formation of Fury Gold	Note 6: Acquisition of Eastmain and transfer of Peruvian properties Acquisition of Eastmain On October 9, 2020, the Company acquired Eastmain, including its principal asset, the 100%-owned Eau Claire gold project located in James Bay, Quebec, by issuing 34,100,000 shares of the Company to the Eastmain shareholders with a total fair value of $124,169. 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 key net assets acquired included marketable securities ($1,662) and mineral property interests in Quebec ($125,606), offset by accounts payable and accrued liabilities ($1,203) and a provision for site reclamation and closure ($1,849). The Eastmain 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. Peruvian exploration projects spin out In 2020, 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 has been presented as a discontinued operation in the consolidated statements of loss and comprehensive loss and consolidated statements of cash flows for the year ended December 31, 2020. The loss from the discontinued operations for the year ended December 31, 2020, was as follows: Year ended December 31 2020 Operating expenses: Exploration and evaluation costs (note 14) $ 2,892 Fees, salaries and other employee benefits 243 Legal and professional fees 101 Office and administration 92 3,328 Other expenses: Project investigation costs 136 Foreign exchange loss 26 162 Loss from discontinued operations $ 3,490

Cash and Restricted Cash

Cash and Restricted Cash	12 Months Ended
	Dec. 31, 2021
Cash and Restricted Cash
Cash and Restricted Cash	Note 7: Cash and restricted cash At December 31 2021 At December 31 2020 Cash $ 3,259 $ 15,361 Restricted cash 130 165 $ 3,389 $ 15,526 Restricted cash includes an amount of $75 (December 31, 2020 – $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 statements of financial position.

Marketable Securities

Marketable Securities	12 Months Ended
	Dec. 31, 2021
Marketable Securities
Marketable Securities	Note 8: Marketable securities Total Balance at December 31, 2019 $ 346 Additions upon acquisition of Eastmain (a) 1,662 Additions 102 Unrealized net gain 565 Balance at December 31, 2020 $ 2,675 Additions 110 Sale of marketable securities (1,000 ) Realized loss on disposition (311 ) Unrealized net loss (869 ) Balance at December 31, 2021 $ 605 (a) As part of the acquisition of Eastmain on October 9, 2020, the Company acquired certain shares and warrants in publicly traded entities valued at $1,662 (note 6). The change in fair value for the acquired securities recognized during the year ended December 31, 2020 was calculated for the period from deemed acquisition date of October 9, 2020 to December 31, 2020 and is included in unrealized net gain. During the year ended December 31, 2021, the Company sold 1,581,177 common shares of Benz Mining Corp (“Benz Mining”) for total proceeds of $1,000. Upon disposition, the Company realized a loss of $311, representing the decline in market value from the deemed date of acquisition of the shares on October 9, 2020, as part of the acquisition of Eastmain (note 6), to date of disposition. As at December 31, 2021, the Company held 174,658 common shares of Benz Mining, received in respect of an option payment on certain mineral properties (note 11). The Company also holds 500,000 warrants which may be exchanged for 500,000 common shares of Benz Mining, with an exercise price of $0.12 and an expiry date of April 27, 2023. Purchases and sales of marketable securities are accounted for as of the trade date.

Prepaid Expenses and Deposits

Prepaid Expenses and Deposits	12 Months Ended
	Dec. 31, 2021
Prepaid Expenses and Deposits
Prepaid Expenses and Deposits	Note 9: Prepaid expenses and deposits At December 31 2021 At December 31 2020 Prepaid expenses and deposits related to: Exploration and evaluation expenditures $ 271 $ 71 Insurance expenditures 207 311 Other 290 646 Total prepaid expenses and deposits 768 1,028 Prepaid expenses and deposits, current $ 502 $ 785 Prepaid expenses and deposits, non-current 266 243

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2021
Property and Equipment
Property and Equipment	Note 10: Property and equipment Property and equipment are recorded at cost, and at December 31, 2021 and 2020 were comprised as follows: Machinery and equipment Office lease Other Total Cost At December 31, 2019 $ 2,298 $ - $ - $ 2,298 Additions - 236 23 259 Disposal of assets (142 ) - - (142 ) At December 31, 2020 $ 2,156 $ 236 $ 23 $ 2,415 Additions 35 295 68 398 Disposal of assets - - (25 ) (25 ) Impairment of assets - - (55 ) (55 ) At December 31, 2021 $ 2,191 $ 531 $ 11 $ 2,733 Accumulated depreciation At December 31, 2019 $ (1,026 ) $ - $ - $ (1,026 ) Depreciation for the year (235 ) (17 ) - (252 ) Disposal of assets 85 - - 85 At December 31, 2020 $ (1,176 ) $ (17 ) $ - $ (1,193 ) Depreciation for the year (213 ) (133 ) (25 ) (371 ) Disposal of assets - - 9 9 Impairment of assets - - 13 13 At December 31, 2021 $ (1,389 ) $ (150 ) $ (3 ) $ (1,542 ) Net book value At December 31, 2020 $ 980 $ 219 $ 23 $ 1,222 At December 31, 2021 $ 802 $ 381 $ 8 $ 1,191 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 five-year lease of office space that commenced on April 1, 2019 (note 6). Effective January 1, 2021, the Company amended the office lease agreement, expanding the floor space and extending the term of the current lease by one year. The amendment was accounted for as a separate lease liability and additional ROU asset, with the original lease and ROU asset remaining unchanged. The new ROU asset was measured at the fair value of the lease liability at inception of the lease amendment and will be depreciated over the new lease term of 4.33 years on a straight-line basis. The increase to the lease asset and liability reflects the present value of the additional square footage, discounted over the new lease term at an interest rate of 10%, which approximates the Company’s incremental borrowing rate. As at December 31, 2021, the remaining lease liability was $461, of which $104 and $357 were recognized as current and non-current liabilities, respectively.

Mineral Property Interests

Mineral Property Interests	12 Months Ended
	Dec. 31, 2021
Mineral Property Interests
Mineral Property Interests	Note 11: Mineral property interests The Company’s principal resource properties are located in Canada and prior to October 9, 2020, in Peru (note 6). Quebec Pursuant to the acquisition of Eastmain, the Company acquired interests in 12 properties within the James Bay district of Quebec (note 6). 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 Quebec’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, Quebec. The property consists of map-designated claims totaling approximately 23,000 hectares. 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 Quebec, the property covers approximately 80 km 2 In 2019, 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 upon closing of project financing, and $1,500 upon commencement of commercial production. This option agreement was subsequently amended in April 2020 to grant Benz Mining the option to earn up to 100% of the Ruby Hill properties located to the west of the Eastmain Mine project. The Company would retain 1-2% net smelter royalties in respect of the properties option payments pursuant to the amended agreement are due annually in October. During October 2021, the Company received $150 in cash and 174,658 common shares of Benz with a fair value of $110, in respect of the amended option agreement (2020 - $150 in cash and 124,177 common shares with a fair value of $100). Éléonore South Joint Venture The Éléonore South Joint Venture project consists of two separate blocks of map-designated claims, comprising a total of 282 claims covering approximately 147 km 2 2 2 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 and total 51,622 hectares collectively. British Columbia Homestake Ridge The Company, through its wholly owned subsidiary Homestake, owned a 100% interest in the Homestake Ridge project subject to a 2% NSR applicable to the Crown grants. The project covers approximately 7,500 hectares and is located in the Iskut-Stewart-Kisault gold belt in northwestern British Columbia. On February 25, 2022, the Company completed the sale of the Homestake Ridge project to Dolly Varden (note 1). Quebec Nunavut British Columbia Peru (a) Total Balance at December 31, 2019 $ - $ 19,085 $ 16,060 $ 4,569 $ 39,714 Additions - - - 4,246 4,246 Eastmain acquisition, mineral property interests acquired 125,606 - - - 125,606 Option payment received (252 ) - - - (252 ) Dispositions - - - (8,949 ) (8,949 ) Change in estimate of provision for site reclamation and closure - 273 - - 273 Currency translation adjustment - - - 134 134 Balance at December 31, 2020 $ 125,354 $ 19,358 $ 16,060 $ - $ 160,772 Purchase of Homestake Ridge royalty - - 400 - 400 Option payment received (260 ) - - - (260 ) Disposition (50 ) - - - (50 ) Change in estimate of provision for site reclamation and closure (note 13) 50 (219 ) - - (169 ) Balance at December 31, 2021 $ 125,094 $ 19,139 $ 16,460 $ - $ 160,693 (a) Peruvian operations were spun out to the Spincos as part of the Eastmain acquisition on October 9, 2020 and are disclosed as discontinued operations (note 6). In July 2021, the Company sold certain mineral claims on the Radisson property for $50, payable in 18 months from date of purchase in either cash or common shares, at the election of the purchaser. Accordingly, $50 has been recognized as non-current accounts receivable. In September 2021, the Company completed the purchase of a corporate 2% NSR on 14 mineral claims on the Homestake Ridge project for $400, comprising a $100 cash payment and 328,767 of common shares in the Company, with a fair value of $300. In October 2021, the Company received an option payment of $260 from Benz Mining in respect of the option agreement for the Eastmain Mine and Ruby Hill properties, comprising of $150 cash and 174,658 common shares (year ended December 31, 2020 - $252, comprising of $150 cash and 124,177 shares) in Benz Mining with a fair value upon date of receipt of $110 (December 31, 2020 - $102).

Flow-through Share Premium Liab

Flow-through Share Premium Liability	12 Months Ended
	Dec. 31, 2021
Flow-through Share Premium Liability
Flow-through Share Liability	Note 12: Flow-through share premium 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 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. As a result of the acquisition of Eastmain in October 2020 (note 6), the Company assumed a flow-through share premium liability of $590, representing the remaining expenditures to be incurred on the Quebec projects before December 31, 2022, and which was renounced to investors in December 2020. In September 2020, the Company completed an equity financing by raising $23,000 through the issuance of 7,750,000 subscription receipts (the “September 2020 Offering”); gross proceeds were held in escrow until the completion of the October 2020 Transaction on October 9, 2020. Out of the subscription receipts sold, 5,000,000 were flow-through receipts for gross proceeds of $17,500 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 $5,500 and exchanged for Fury Gold common shares. The flow-through proceeds will be used for mineral exploration in Quebec. The Company is committed to incur the remaining exploration expenditures of $7,290 (December 31, 2020 – $17,500) before December 31, 2022, 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 Quebec Nunavut Total premium liability 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 Flow-through eligible expenditures (10,789 ) - (10,789 ) (4,520 ) Balance at December 31, 2021 $ 7,290 $ - $ 7,290 $ 3,124

Provision for Site Reclamation

Provision for Site Reclamation and Closure	12 Months Ended
	Dec. 31, 2021
Provision for Site Reclamation and Closure
Provision for Site Reclamation and Closure	Note 13: 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 $4,938 (December 31, 2020 – $5,060); · Expected timing of future cash flows is based on mining leases expiration, which is between the years 2026 and 2041; · Annual inflation rate of 2.5% (December 31, 2020 – 2%); and · Risk-free interest rate of 1.68% (December 31, 2020 – 1.21%). The present value of the liability for the site reclamation and closure provision for the Company’s projects was as follows: Quebec Nunavut Total Balance at December 31, 2019 $ - $ 2,134 $ 2,134 Provision, assumed on acquisition of Eastmain (note 6) 1,849 - 1,849 Accretion 5 29 34 Change in estimate - 273 273 Balance at December 31, 2020 $ 1,854 $ 2,436 $ 4,290 Accretion 30 39 69 Change in estimate 50 (219 ) (169 ) Balance at December 31, 2021 $ 1,934 $ 2,256 $ 4,190

Exploration and Evaluation Cost

Exploration and Evaluation Costs	12 Months Ended
	Dec. 31, 2021
Exploration and Evaluation Costs
Exploration and Evaluation Costs	Note 14: Exploration and evaluation costs For the years ended December 31, 2021 and 2020, the Company’s exploration and evaluation costs were as follows: Quebec Nunavut British Columbia Total Peru (a) Assaying $ 2,502 $ 264 $ 21 $ 2,787 $ - Exploration drilling (b) 3,448 601 125 4,174 - Camp cost, equipment and field supplies 1,280 377 124 1,781 - Geological consulting services 481 312 3 796 - Geophysical analysis 185 - - 185 - Permit, environment, and social 186 184 53 423 - Expediting and mobilization 79 170 6 255 - Salaries and wages 1,921 458 100 2,479 - Fuel and consumables 462 30 - 492 - Aircraft and travel 429 1,079 2 1,510 - Share-based compensation 346 88 39 473 - Total for the year ended December 31, 2021 $ 11,319 $ 3,563 $ 473 $ 15,355 $ - Quebec Nunavut British Columbia Total Peru (a) 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 (a) Peruvian operations were spun out to the Spincos as part of the Eastmain October 2020 Transaction on October 9, 2020 and are disclosed as discontinued operations in the consolidated statements of loss and comprehensive loss and consolidated statements of cash flows (note 6). (b) Exploration drilling expense incurred at the Homestake Ridge project comprised of the expensing of a drilling contract deposit of $125.

Share Capital

Share Capital	12 Months Ended
	Dec. 31, 2021
Share Capital
Share Capital	Note 15: Share capital (a) Authorized Unlimited common shares without par value. Unlimited preferred shares – nil issued and outstanding. (b) Share issuances During the year ended December 31, 2021: i The Company closed the “October 2021 Offering", a non-brokered private equity placement, for gross proceeds of $5,596 which was closed in two tranches and consisted of 7,461,450 units priced at $0.75 per share. Each unit consisted of one common share of Fury Gold and one warrant entitling the holder to purchase one warrant share at a price of CAD$1.20 for a period of three years. The expiry date of the warrants can be accelerated to 30 days with notice from the Company should the common shares trade after the expiry of the four-month hold period at a price equal to or greater than CAD$1.50 for 20 consecutive trading days. Share issue costs related to the October 2021 Offering totaled $211, which included $68 in commissions and $143 in other issuance costs. A reconciliation of the impact of the private placement on share capital is as follows: Number of common shares Impact on share capital Common shares issued at $0.75 per share 7,461,450 $ 5,596 Cash share issue costs - (211 ) Proceeds net of share issue costs 7,461,450 $ 5,385 ii. 328,767 shares with a fair market value of $300 were issued to purchase a 2% royalty interest on the Homestake Ridge project (note 11). Share issuance costs incurred in respect of the purchase was $10. iii. 5,834 shares were issued as a result of share options being exercised with a weighted average exercise price of $0.86 for gross proceeds of $5. An amount of $1 attributed to these share options was transferred from the equity reserves and recorded against share capital. iv. 101,042 shares were issued as a result of share warrants being exercised with a weighted average exercise price of $1.46 for gross proceeds of $147. An amount of $12 attributed to these share warrants was transferred from the equity reserves and recorded against share capital. During the year ended December 31, 2020: i. In September 2020, the Company issued 7,750,000 Subscription Receipts as part of the September 2020 Offering, which were subsequently exchanged for shares of the Company pursuant to completion of the October 2020 Transaction on October 9, 2020. Out of the Subscription Receipts sold, 5,000,000 were flow-through receipts for gross proceeds of $17,500 and were exchanged for Fury Gold common shares designated as flow-through shares (note 12), while 2,750,000 Subscription Receipts were sold as non-flow-through common shares for gross proceeds of $5,500 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 12) - (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 On October 9, 2020, pursuant to the completion of the October 2020 Transaction, the Company consolidated the 112,340,434 common shares outstanding as of that date to 75,900,000 common shares and the exercise price of share options issued prior to that date were adjusted downwards by $0.95 to reflect the fair value of the Peruvian projects allocated to the Spincos (note 6). As such, all share and per share data presented in these consolidated financial statements have been retroactively adjusted to reflect the share consolidation unless otherwise noted. ii. 743,187 (1,100,000 pre-consolidation) common shares were issued 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. In 2019, the Company entered into a bridge loan for $3,000 with a private lender (the “Bridge Loan”). 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. In February 2020, the Company amended the original Bridge Loan (“Amended Bridge Loan”) to provide mutual conversion rights to the lender and the Company, and also reduce the annual interest rate from 10% to 5% from the date of amendment. The Amended Bridge Loan was identified as a compound instrument. 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 ($2,912), discounted at an effective interest rate of 18%, and allocating the residual value, net of deferred taxes, to the equity component ($154). The loss on derecognition of the original Bridge Loan was $159. In July 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 for the $3,000 principal loan and 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, which accrued at a rate of 5% per annum, was then settled in cash to the lender. The loss on derecognition of the Amended Bridge Loan was $65. iv. The Company closed the “February 2020 Offering”, a non-brokered private equity placement, for gross proceeds of $15,000 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. 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, 2021
Share Option and Warrant Reserves
Share Option and Warrant Reserves	Note 16: Share option and warrant reserves (a) 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, 2021, and 2020, the Company recognized share-based compensation expense as follows: Years ended December 31 2021 2020 Recognized in net loss from continuing operations and included in: Exploration and evaluation costs $ 473 $ 528 Fees, salaries and other employee benefits 1,573 2,002 $ 2,046 $ 2,530 Recognized in net loss from discontinued operations - 239 Total share-based compensation expense $ 2,046 $ 2,769 During the year ended December 31, 2021, the Company granted 1,405,000 (December 31, 2020 – 4,180,672) share options to directors, officers, employees, and certain consultants who provide certain on-going services to the Company, representative of employee services. The weighted average fair value per option of these share options was calculated as $0.56 (December 31, 2020 – $1.08) using the Black-Scholes option valuation model at the grant date. The fair value of the share-based options granted during the years ended December 31, 2021 and 2020 was estimated using the Black-Scholes option valuation model with the following weighted average assumptions: Years ended December 31 2021 2020 Risk-free interest rate 0.91% 0.36% Expected dividend yield Nil Nil Share price volatility 67% 68% Expected forfeiture rate 0% 0% Expected life in years 4.90 4.90 The risk-free interest rate assumption is based on the Government of Canada benchmark bond yields and treasury bills with a remaining term that approximates the expected life of the share-based options. The expected volatility assumption is based on the historical and implied volatility of the Company’s common shares. The expected forfeiture rate and the expected life in years are based on historical trends. (b) Share option plan The Company maintains a rolling share option plan providing for the issuance of share options up to 10% of the Company’s issued and outstanding common shares at the time of the grant. The Company may grant share options from time to time to its directors, officers, employees, and other service providers. The share options typically vest as to 25% on the date of the grant and 12.5% every three months thereafter for a total vesting period of 18 months. The number of share options issued and outstanding and the weighted average exercise price were as follows: Number of share options Weighted average exercise price ($/option) (a) Outstanding, December 31, 2019 5,602,619 $ 2.96 Granted (b) 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 Granted (c) 1,405,000 1.03 Exercised (5,834 ) 0.86 Expired (1,685,048 ) 3.62 Forfeited (c) (1,103,125 ) 2.04 Outstanding, December 31, 2021 6,751,997 $ 2.00 (a) The exercise price of issued share options prior to October 9, 2020 were adjusted downwards by $0.95, pursuant to the acquisition of Eastmain, reflecting the fair value of the Peruvian projects allocated to the Spincos (note 6). The above weighted average exercise prices were retrospectively adjusted to reflect this change. (b) As part of the acquisition, Eastmain’s 14.3 million share options outstanding at October 9, 2020 were converted to approximately 1.6 million of Fury Gold share options for a value of $1,890 (note 6). (c) On August 26, 2021, 870,000 share options exercisable at $0.93 for a five-year term were granted to Mr. Tim Clark following his appointment as CEO. These options vest over a period of two years with 12.5% vesting every three months. In respect of the predecessor CEO, one million options were forfeited during the year ended December 31, 2021. As at December 31, 2021, the number of share options outstanding was as follows: Options outstanding Options exercisable Exercise price ($/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 2,934,405 1.28 1.58 1,826,282 1.44 2.30 $2.05 – $4.37 3,686,324 2.35 3.22 2,987,575 2.42 3.08 $7.54 – $9.00 131,268 7.88 0.41 131,268 7.88 0.41 6,751,997 2.00 2.45 4,945,125 2.21 2.72 On January 24, 2022, the Company granted 1,745,000 share options with an exercise price of $1.00 and a five-year term. (c) Share purchase warrants The number of share purchase warrants outstanding at December 31, 2021 was as follows: Warrants outstanding Exercise price ($/share) Outstanding at December 31, 2019 337,813 $ 2.96 Issued (a) 1,297,591 1.33 Exercised (8,664 ) 1.46 Outstanding at December 31, 2020 1,626,740 $ 1.66 Issued (note 15i) 7,461,450 1.20 Exercised (101,042 ) 1.46 Expired (775,695 ) 1.42 Outstanding at December 31, 2021 8,211,453 $ 1.27 (a) As part of the acquisition of Eastmain in October 2020, 11.1 million warrants were converted to Fury Gold warrants for a value of $1,560 (note 6). The following table reflects the warrants issued and outstanding as of December 31, 2021: Expiry date Warrants outstanding Exercise price ($/share) March 6, 2022 189,613 1.11 March 9, 2022 222,577 1.11 September 12, 2022 337,813 2.96 October 6, 2024 5,085,670 1.20 October 12, 2024 2,375,780 1.20 Total 8,211,453 1.27

Related Party Balances and Tran

Related Party Balances and Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Balances and Transactions
Related Party Balances and Transactions	Note 17: 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. (a) Related parties Universal Mineral Services Ltd. (“UMS”) is a private company with one director in common. On December 31, 2021, Mr. Ivan Bebek resigned as a director of UMS, with Mr. Steven Cook assuming sole directorship of UMS. 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. Years ended December 31 2021 2020 Universal Mineral Services Ltd. Exploration and evaluation costs: Quebec $ 151 $ 157 Nunavut 44 200 British Columbia 20 106 Peru - 152 Fees, salaries and other employee benefits 116 284 Legal and professional fees 34 12 Marketing and investor relations 15 141 Office and administration 219 460 Project investigation costs - 170 Total transactions for the year $ 599 $ 1,682 The outstanding balance owing at December 31, 2021, was $142 (December 31, 2020 – $109) which is included in accounts payable. In addition, the Company had $150 on deposit with UMS as at December 31, 2021 (December 31, 2020 – $150) and $56 in current prepaids (2020 – nil) representing certain geological software licenses purchased on behalf of the Company by UMS, and which are amortized over twelve months. During the year ended December 31, 2021, the Company sold certain IT equipment to UMS for total proceeds of $30. The proceeds have been credited against the services provided by UMS in the year. On July 1, 2021, UMS commenced an office lease with a term of ten years, for which certain rent expenses will be payable by the Company. As at December 31, 2021, the Company expects to incur approximately $565 in respect of its share of future rental expense. (b) Key management personnel Pursuant to the acquisition of Eastmain and the creation of Fury Gold in October 2020, key management personnel were redefined by the Company 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 2021 2020 Short-term benefits provided to executives (a)(b) $ 982 $ 1,985 Directors’ fees paid to non-executive directors 204 313 Share-based payments (b) 1,206 1,998 Total (c) $ 2,392 $ 4,296 (a) Short-term employee benefits include salaries, bonuses payable within twelve months of the date of the consolidated statements of financial position, and other annual employee benefits. (b) As a result of the acquisition of Eastmain 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 until April 2021. For the year ended December 31, 2021, $96 of short-term benefits (December 31, 2020 – $79), and $54 of share-based payment expense (December 31, 2020 – $283) were recognized in the consolidated statements of loss and comprehensive loss in respect of these transition arrangements. (c) The renumeration for key management personnel is the combined total for both continuing operations and the discontinued operation of the Peru properties transferred to the Spincos (note 6).

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Supplemental Cash Flow Information	Note 18: Supplemental cash flow information The impact of changes in non-cash working capital was as follows: Years ended December 31 2021 2020 Accounts receivable $ 505 $ (582 ) Prepaid expenses and deposits 260 (242 ) Accounts payable and accrued liabilities (499 ) (72 ) Changes in non-cash working capital $ 266 $ (896 ) Operating activities include the following cash received: Years ended December 31 2021 2020 Income taxes refunded (note 5d) $ 3,835 $ - On October 5, 2021, the Company received a cash settlement of $185 in respect of a favorable court judgment following Eastmain’s legal objection to certain disallowed expenditures for the years 2007-2010 which had been excluded from a mineral tax refund in Quebec. This cash settlement was included within income taxes refunded.

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2021
Loss Per Share
Loss Per Share	Note 19: Loss per share For the years ended December 31, 2021 and 2020, the weighted average number of shares outstanding and loss per share from continuing operations were as follows: Years ended December 31 2021 2020 Loss for the year from continuing operations $ 16,790 $ 10,763 Loss for the year 16,790 14,253 Weighted average number of shares outstanding 119,701,040 80,397,193 Basic and diluted loss per share from continuing operations $ $0.14 $ 0.13 Basic and diluted loss per share $ $0.14 $ 0.18 All of the outstanding share options and share purchase warrants at December 31, 2021, and 2020 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, 2021
Financial Instruments
Financial Instruments	Note 20: Financial instruments The Company’s financial instruments as at December 31, 2021, consisted of cash, marketable securities, accounts receivable, deposits, and accounts payable and accrued liabilities. The fair values of these financial instruments approximate their carrying values, unless otherwise noted. (a) Financial assets and liabilities by categories At December 31, 2021 At December 31, 2020 Amortized Cost FVTPL Total Amortized Cost FVTPL Total Cash $ 3,259 $ - $ 3,259 $ 15,361 $ - $ 15,361 Marketable securities - 605 605 - 2,675 2,675 Deposits 243 - 243 243 - 243 Accounts receivable 372 - 372 827 - 827 Total financial assets 3,874 605 4,479 16,431 2,675 19,106 Accounts payable and accrued liabilities 1,888 - 1,888 3,280 - 3,280 Total financial liabilities $ 1,888 $ - $ 1,888 $ 3,280 $ - $ 3,280 (b) 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 were as follows: At December 31 2021 2020 Level 1 Level 2 (a) Level 1 Level 2 Marketable securities 282 323 2,165 510 (a) 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, 2021, there were no financial assets or financial liabilities measured and recognized on the consolidated statements of financial position at fair value that would be categorized as level 3 in the fair value hierarchy. (c) Financial instruments and related risks The Company’s financial instruments are exposed to liquidity risk, and market risks, which include currency risk, interest rate risk and price risk. As at December 31, 2021, 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 exploration 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 activities, and its holdings of cash and marketable securities. The Company monitors and adjusts, when required, these exploration programs as well as corporate administrative costs to ensure that adequate levels of working capital are maintained. As at December 31, 2021, the Company had unrestricted cash of $3,259 (December 31, 2020 – $15,361), working capital deficit of $428 (December 31, 2020 – working capital of $8,353), which the Company defines as current assets less current liabilities, and an accumulated deficit of $156,749 (December 31, 2020 – $139,959). The Company notes that the flow-through share premium liability, which reduced the Company working capital by $3,124 (December 31, 2020 – $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 in Quebec. During the year ended December 31, 2021, Fury Gold incurred a loss of $16,790 (December 31, 2020 – $14,230) 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 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 2021 Accounts payable and accrued liabilities $ 1,888 $ - $ - $ 1,888 Quebec flow-through expenditure requirements 7,290 - - 7,290 Undiscounted lease payments 183 376 63 622 Total $ 9,361 $ 376 $ 63 $ 9,800 The Company entered into a drilling contract in November 2020, for which the Company has committed to drill a total of 50,000 metres. As at December 31, 2021, the company remains obligated to drill a further 15,000 metres in Quebec. The expenditures for the remaining drilling metres will be applied against the flow-through expenditure requirements included in the table above. The Company also makes certain payments arising on mineral claims and leases on an annual or bi-annual basis to ensure all the Company’s properties remain in good standing. Cash payments of $441 were made during the year ended December 31, 2021, in respect of these mineral claims, with $144 recognized in prepaid expenses as at December 31, 2021 (December 31, 2020 – $65). Market risk This is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Significant market risks to which the Company is exposed are as follows: i. Currency risk The Company is exposed to currency risk by having balances and transactions in currencies that are different from the relevant functional currency (the Canadian dollar). The Company’s foreign currency exposure related to its financial assets and liabilities held in US dollars was as follows: Years ended December 31 2021 2020 Financial assets US$ bank accounts $ 569 $ 399 Financial liabilities Accounts payable (160 ) (41 ) $ 409 $ 358 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 8) which are measured at fair value, being the closing share price of each equity security at the date of the consolidated statements 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, 2021
Management of Capital
Management of Capital	Note 21: 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 exploration 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 exploration 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 2021 2020 Equity $ 157,355 $ 166,272 Less: cash (3,259 ) (15,361 ) $ 154,096 $ 150,911 The Company expects its capital resources to support its current forecasted project expenditures at the Eau Claire project and other corporate activities. 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, 2021
Income Taxes
Income Taxes	Note 22: 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 2021 2020 Loss before income taxes $ 16,790 $ 10,763 Canadian federal and provincial income tax rates 27% 27% Expected income tax recovery (4,533 ) (2,906 ) Increase (decrease) in income tax recovery resulting from: Spin-out transaction - 8,650 Acquisition of Eastmain - (7,838 ) Share-based compensation 552 683 Share issuance costs (60 ) (462 ) Adjustment to tax estimates 1,170 (22 ) Amortization of flow-through share premium (1,220 ) (120 ) Flow-through expenditures renunciation 2,856 489 Difference in future and foreign tax rates (172 ) 234 Other (149 ) 55 Increase in unrecognized tax asset 1,556 1,237 Income tax recovery $ - $ - Significant components of deferred tax asset and liabilities are: December 31 2020 Net loss Equity December 31 2021 Deferred income tax assets Non-capital losses carried forward $ 19,846 $ 1,186 $ - 21,032 Capital losses carried forward 82 101 - 183 Share issuance costs and CEC 833 (281 ) - 552 Investments 44 (26 ) - 18 Site reclamation obligations 1,137 (16 ) - 1,121 Property and equipment 312 64 - 376 Mineral property interests 3,985 1,016 - 5,001 Capital lease obligation 66 58 - 124 Other - 63 - 63 26,305 2,165 - 28,470 Deferred income tax liabilities Property and equipment (52 ) (34 ) - (86 ) Mineral property interests (877 ) (729 ) - (1,606 ) Investments (196 ) 154 - (42 ) Net deferred tax assets 25,180 1,556 - 26,736 Unrecognized deferred tax assets (25,180 ) (1,556 ) - (26,736 ) Net deferred tax balance $ - $ - $ - $ - 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 $ - $ - $ - $ - The Company has accumulated non-capital losses of approximately $79,718 (December 31, 2020 – $75,864) 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, 2021, 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 $1,312 accumulated capital losses (December 31, 2020 – $nil) 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, 2021
Significant Accounting Policies
Basis of measurement	These consolidated financial statements have been prepared on a historical cost basis, except for those assets and liabilities that are measured at revalued amounts or fair values at the end of each reporting period.
Currency of presentation	The Company's presentation currency is the Canadian ("CAD") dollar. All amounts, with the exception of per share amounts, are expressed in thousands of Canadian dollars, unless otherwise stated. References to US$ are to United States (“US”) dollars.
Basis of consolidation	These consolidated financial statements include the accounts of the Company and its subsidiaries. Subsidiaries are entities controlled by the Company. Control exists when the Company has power over an investee, when the Company is exposed, or has rights, to variable returns from the investee and when the Company has the ability to affect those returns through its power over the investee. Subsidiaries are included in the consolidated financial results of the Company from the effective date of acquisition up to the effective date of disposition or loss of control. All intercompany balances and transactions have been eliminated. The subsidiaries (with a beneficial interest of 100%) of the Company at December 31, 2021 were as follows: Subsidiary Place of incorporation Functional currency North Country Gold Corp. (“North Country”) BC, Canada CAD Homestake Resource Corporation (“Homestake”) (a) BC, Canada CAD Homestake Royalty Corporation (inactive) (a) BC, Canada CAD Eastmain Resources Inc. (“Eastmain”) ON, Canada CAD Eastmain Mines Inc. (“Eastmain Mines”) (b) Canada CAD Fury Gold USA Limited (“Fury Gold USA”) (c) Delaware, U.S.A USD (a) Disposed of on February 25, 2022 (note 1) (b) Company incorporated federally in Canada. (c) Fury USA was incorporated on November 21, 2021 and will provide certain administrative services with respect to short-term employee benefits for US resident personnel.
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 currency of the primary economic environment in which such entities operate. The presentation and functional currency of the Company and each of its subsidiaries, with the exception of Fury Gold USA, is the Canadian dollar. Fury Gold USA’s functional currency has been determined to be the US dollar. The functional currency of the previously held Peruvian subsidiaries was the US dollar. As the Peruvian subsidiaries were spun out in 2020, there are no foreign exchange reserve movements in 2021 in relation to these operations. 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 statements 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, 2021 and 2020, the Company did not have any cash equivalents.
Property and equipment	Property and equipment are 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 (“ROU”) 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 statements 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 statements 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.
Impairment of non-financial assets	At each reporting date, the Company reviews the carrying amounts of its non-financial 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 consolidated statements 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 consolidated statements of loss and comprehensive loss.
Cost-sharing structures	Pursuant to the Eastmain acquisition, the Company acquired a 38.12% interest in the Éléonore South Joint Venture (note 6, 11). 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 consolidated statements of loss and comprehensive loss over the life of the operation through amortization and the unwinding of the discount in the provision.
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-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 statements 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 statements of loss and comprehensive loss over the remaining vesting period. Equity instruments granted to non-employees are recorded in the consolidated statements of loss and comprehensive loss at the fair value of the goods or services received, unless they are related to the issuance of shares. -Costs 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 statements of loss and comprehensive loss for the period presented comprises current and deferred income tax. Income tax is recognized in the consolidated statements 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 statements 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. i) 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, accounts receivable, and deposits. ii) 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, 2021. iii) 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 20. iv) 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. v) 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 for the year ended December 31, 2020 and has presented them as such in the consolidated statements of loss and comprehensive loss and consolidated statements 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.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of subsidiaries	Subsidiary Place of incorporation Functional currency North Country Gold Corp. (“North Country”) BC, Canada CAD Homestake Resource Corporation (“Homestake”) (a) BC, Canada CAD Homestake Royalty Corporation (inactive) (a) BC, Canada CAD Eastmain Resources Inc. (“Eastmain”) ON, Canada CAD Eastmain Mines Inc. (“Eastmain Mines”) (b) Canada CAD Fury Gold USA Limited (“Fury Gold USA”) (c) Delaware, U.S.A USD

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of estimated useful lives of property, plant and equipment	· Computer equipment 3 years · Machinery and equipment 5-10 years · Right-of-use (“ROU”) assets useful life or the lease term, whichever is shorter

Critical accounting estimates_2

Critical accounting estimates and judgments (Tables)	12 Months Ended
	Dec. 31, 2021
Estimate of the reclamation obligations	Years ended December 31 2021 2020 Risk-free interest rate 1.68% 1.21% Annual inflation 2.5% 2.0%

Acquisition of Eastmain and f_2

Acquisition of Eastmain and formation of Fury Gold (Tables)	12 Months Ended
	Dec. 31, 2021
Acquisition of Eastmain and formation of Fury Gold
Loss from the discontinued operations	Year ended December 31 2020 Operating expenses: Exploration and evaluation costs (note 14) $ 2,892 Fees, salaries and other employee benefits 243 Legal and professional fees 101 Office and administration 92 3,328 Other expenses: Project investigation costs 136 Foreign exchange loss 26 162 Loss from discontinued operations $ 3,490

Cash and Restricted Cash (Table

Cash and Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of cash and cash and restricted cash	At December 31 2021 At December 31 2020 Cash $ 3,259 $ 15,361 Restricted cash 130 165 $ 3,389 $ 15,526

Marketable Securities (Tables)

Marketable Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Marketable Securities
Marketable Securities	Total Balance at December 31, 2019 $ 346 Additions upon acquisition of Eastmain (a) 1,662 Additions 102 Unrealized net gain 565 Balance at December 31, 2020 $ 2,675 Additions 110 Sale of marketable securities (1,000 ) Realized loss on disposition (311 ) Unrealized net loss (869 ) Balance at December 31, 2021 $ 605

Prepaid Expenses and Deposits (

Prepaid Expenses and Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of prepaid expenses and deposits	At December 31 2021 At December 31 2020 Prepaid expenses and deposits related to: Exploration and evaluation expenditures $ 271 $ 71 Insurance expenditures 207 311 Other 290 646 Total prepaid expenses and deposits 768 1,028 Prepaid expenses and deposits, current $ 502 $ 785 Prepaid expenses and deposits, non-current 266 243

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property and Equipment
Property and Equipment	Machinery and equipment Office lease Other Total Cost At December 31, 2019 $ 2,298 $ - $ - $ 2,298 Additions - 236 23 259 Disposal of assets (142 ) - - (142 ) At December 31, 2020 $ 2,156 $ 236 $ 23 $ 2,415 Additions 35 295 68 398 Disposal of assets - - (25 ) (25 ) Impairment of assets - - (55 ) (55 ) At December 31, 2021 $ 2,191 $ 531 $ 11 $ 2,733 Accumulated depreciation At December 31, 2019 $ (1,026 ) $ - $ - $ (1,026 ) Depreciation for the year (235 ) (17 ) - (252 ) Disposal of assets 85 - - 85 At December 31, 2020 $ (1,176 ) $ (17 ) $ - $ (1,193 ) Depreciation for the year (213 ) (133 ) (25 ) (371 ) Disposal of assets - - 9 9 Impairment of assets - - 13 13 At December 31, 2021 $ (1,389 ) $ (150 ) $ (3 ) $ (1,542 ) Net book value At December 31, 2020 $ 980 $ 219 $ 23 $ 1,222 At December 31, 2021 $ 802 $ 381 $ 8 $ 1,191

Mineral Property Interests (Tab

Mineral Property Interests (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of work expenditures and cash payments for acquisition of mineral property rights	Quebec Nunavut British Columbia Peru (a) Total Balance at December 31, 2019 $ - $ 19,085 $ 16,060 $ 4,569 $ 39,714 Additions - - - 4,246 4,246 Eastmain acquisition, mineral property interests acquired 125,606 - - - 125,606 Option payment received (252 ) - - - (252 ) Dispositions - - - (8,949 ) (8,949 ) Change in estimate of provision for site reclamation and closure - 273 - - 273 Currency translation adjustment - - - 134 134 Balance at December 31, 2020 $ 125,354 $ 19,358 $ 16,060 $ - $ 160,772 Purchase of Homestake Ridge royalty - - 400 - 400 Option payment received (260 ) - - - (260 ) Disposition (50 ) - - - (50 ) Change in estimate of provision for site reclamation and closure (note 13) 50 (219 ) - - (169 ) Balance at December 31, 2021 $ 125,094 $ 19,139 $ 16,460 $ - $ 160,693

Flow-through Share Premium Li_2

Flow-through Share Premium Liability (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Summary of the flow-through financings and the related flow-through share premium liability	Flow-through funding and expenditures Flow-through Quebec Nunavut Total premium liability 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 Flow-through eligible expenditures (10,789 ) - (10,789 ) (4,520 ) Balance at December 31, 2021 $ 7,290 $ - $ 7,290 $ 3,124

Provision for Site Reclamatio_2

Provision for Site Reclamation and Closure (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of other provisions	Quebec Nunavut Total Balance at December 31, 2019 $ - $ 2,134 $ 2,134 Provision, assumed on acquisition of Eastmain (note 6) 1,849 - 1,849 Accretion 5 29 34 Change in estimate - 273 273 Balance at December 31, 2020 $ 1,854 $ 2,436 $ 4,290 Accretion 30 39 69 Change in estimate 50 (219 ) (169 ) Balance at December 31, 2021 $ 1,934 $ 2,256 $ 4,190

Exploration and Evaluation Co_2

Exploration and Evaluation Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Exploration and Evaluation Costs
Exploration and Evaluation Costs	Quebec Nunavut British Columbia Total Peru (a) Assaying $ 2,502 $ 264 $ 21 $ 2,787 $ - Exploration drilling (b) 3,448 601 125 4,174 - Camp cost, equipment and field supplies 1,280 377 124 1,781 - Geological consulting services 481 312 3 796 - Geophysical analysis 185 - - 185 - Permit, environment, and social 186 184 53 423 - Expediting and mobilization 79 170 6 255 - Salaries and wages 1,921 458 100 2,479 - Fuel and consumables 462 30 - 492 - Aircraft and travel 429 1,079 2 1,510 - Share-based compensation 346 88 39 473 - Total for the year ended December 31, 2021 $ 11,319 $ 3,563 $ 473 $ 15,355 $ - Quebec Nunavut British Columbia Total Peru (a) 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

Share Capital (Tables)

Share Capital (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of classes of share capital	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 12) - (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
Disclosure of share issue costs	Number of common shares Impact on share capital Common shares issued at $0.75 per share 7,461,450 $ 5,596 Cash share issue costs - (211 ) Proceeds net of share issue costs 7,461,450 $ 5,385 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, 2021
Supplemental Cash Flow Information
Disclosure of share option activity	Years ended December 31 2021 2020 Recognized in net loss from continuing operations and included in: Exploration and evaluation costs $ 473 $ 528 Fees, salaries and other employee benefits 1,573 2,002 $ 2,046 $ 2,530 Recognized in net loss from discontinued operations - 239 Total share-based compensation expense $ 2,046 $ 2,769
Disclosure of share options outstanding and exercisable	Years ended December 31 2021 2020 Risk-free interest rate 0.91% 0.36% Expected dividend yield Nil Nil Share price volatility 67% 68% Expected forfeiture rate 0% 0% Expected life in years 4.90 4.90
Disclosure of share-based payments	Number of share options Weighted average exercise price ($/option) (a) Outstanding, December 31, 2019 5,602,619 $ 2.96 Granted (b) 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 Granted (c) 1,405,000 1.03 Exercised (5,834 ) 0.86 Expired (1,685,048 ) 3.62 Forfeited (c) (1,103,125 ) 2.04 Outstanding, December 31, 2021 6,751,997 $ 2.00
Disclosure of assumptions	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 2,934,405 1.28 1.58 1,826,282 1.44 2.30 $2.05 – $4.37 3,686,324 2.35 3.22 2,987,575 2.42 3.08 $7.54 – $9.00 131,268 7.88 0.41 131,268 7.88 0.41 6,751,997 2.00 2.45 4,945,125 2.21 2.72
Disclosure of warrant activity	Warrants outstanding Exercise price ($/share) Outstanding at December 31, 2019 337,813 $ 2.96 Issued (a) 1,297,591 1.33 Exercised (8,664 ) 1.46 Outstanding at December 31, 2020 1,626,740 $ 1.66 Issued (note 15i) 7,461,450 1.20 Exercised (101,042 ) 1.46 Expired (775,695 ) 1.42 Outstanding at December 31, 2021 8,211,453 $ 1.27 (a) As part of the acquisition of Eastmain in October 2020, 11.1 million warrants were converted to Fury Gold warrants for a value of $1,560 (note 6). The following table reflects the warrants issued and outstanding as of December 31, 2021: Expiry date Warrants outstanding Exercise price ($/share) March 6, 2022 189,613 1.11 March 9, 2022 222,577 1.11 September 12, 2022 337,813 2.96 October 6, 2024 5,085,670 1.20 October 12, 2024 2,375,780 1.20 Total 8,211,453 1.27

Related Party Balances and Tr_2

Related Party Balances and Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of related party transactions	Years ended December 31 2021 2020 Universal Mineral Services Ltd. Exploration and evaluation costs: Quebec $ 151 $ 157 Nunavut 44 200 British Columbia 20 106 Peru - 152 Fees, salaries and other employee benefits 116 284 Legal and professional fees 34 12 Marketing and investor relations 15 141 Office and administration 219 460 Project investigation costs - 170 Total transactions for the year $ 599 $ 1,682
Disclosure of remuneration	Years ended December 31 2021 2020 Short-term benefits provided to executives (a)(b) $ 982 $ 1,985 Directors’ fees paid to non-executive directors 204 313 Share-based payments (b) 1,206 1,998 Total (c) $ 2,392 $ 4,296

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of supplemental cash flow information	Years ended December 31 2021 2020 Accounts receivable $ 505 $ (582 ) Prepaid expenses and deposits 260 (242 ) Accounts payable and accrued liabilities (499 ) (72 ) Changes in non-cash working capital $ 266 $ (896 )
Disclosure of operating activities	Years ended December 31 2021 2020 Income taxes refunded (note 5d) $ 3,835 $ -

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of loss per share	Years ended December 31 2021 2020 Loss for the year from continuing operations $ 16,790 $ 10,763 Loss for the year 16,790 14,253 Weighted average number of shares outstanding 119,701,040 80,397,193 Basic and diluted loss per share from continuing operations $ $0.14 $ 0.13 Basic and diluted loss per share $ $0.14 $ 0.18

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of currency exposure	Years ended December 31 2021 2020 Financial assets US$ bank accounts $ 569 $ 399 Financial liabilities Accounts payable (160 ) (41 ) $ 409 $ 358
Disclosure of Financial assets and liabilities	At December 31, 2021 At December 31, 2020 Amortized Cost FVTPL Total Amortized Cost FVTPL Total Cash $ 3,259 $ - $ 3,259 $ 15,361 $ - $ 15,361 Marketable securities - 605 605 - 2,675 2,675 Deposits 243 - 243 243 - 243 Accounts receivable 372 - 372 827 - 827 Total financial assets 3,874 605 4,479 16,431 2,675 19,106 Accounts payable and accrued liabilities 1,888 - 1,888 3,280 - 3,280 Total financial liabilities $ 1,888 $ - $ 1,888 $ 3,280 $ - $ 3,280
Disclosure of financial instruments fair value	At December 31 2021 2020 Level 1 Level 2 (a) Level 1 Level 2 Marketable securities 282 323 2,165 510
Disclosure of contractual obligations	Within 1 year 2 to 3 years Over 3 years At December 31 2021 Accounts payable and accrued liabilities $ 1,888 $ - $ - $ 1,888 Quebec flow-through expenditure requirements 7,290 - - 7,290 Undiscounted lease payments 183 376 63 622 Total $ 9,361 $ 376 $ 63 $ 9,800

Management of Capital (Tables)

Management of Capital (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Disclosure of capital	Years ended December 31 2021 2020 Equity $ 157,355 $ 166,272 Less: cash (3,259 ) (15,361 ) $ 154,096 $ 150,911

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Schedule of effective income tax rate reconciliation	Years ended December 31 2021 2020 Loss before income taxes $ 16,790 $ 10,763 Canadian federal and provincial income tax rates 27% 27% Expected income tax recovery (4,533 ) (2,906 ) Increase (decrease) in income tax recovery resulting from: Spin-out transaction - 8,650 Acquisition of Eastmain - (7,838 ) Share-based compensation 552 683 Share issuance costs (60 ) (462 ) Adjustment to tax estimates 1,170 (22 ) Amortization of flow-through share premium (1,220 ) (120 ) Flow-through expenditures renunciation 2,856 489 Difference in future and foreign tax rates (172 ) 234 Other (149 ) 55 Increase in unrecognized tax asset 1,556 1,237 Income tax recovery $ - $ -
Disclosure of deferred tax assets and liabilities	December 31 2020 Net loss Equity December 31 2021 Deferred income tax assets Non-capital losses carried forward $ 19,846 $ 1,186 $ - 21,032 Capital losses carried forward 82 101 - 183 Share issuance costs and CEC 833 (281 ) - 552 Investments 44 (26 ) - 18 Site reclamation obligations 1,137 (16 ) - 1,121 Property and equipment 312 64 - 376 Mineral property interests 3,985 1,016 - 5,001 Capital lease obligation 66 58 - 124 Other - 63 - 63 26,305 2,165 - 28,470 Deferred income tax liabilities Property and equipment (52 ) (34 ) - (86 ) Mineral property interests (877 ) (729 ) - (1,606 ) Investments (196 ) 154 - (42 ) Net deferred tax assets 25,180 1,556 - 26,736 Unrecognized deferred tax assets (25,180 ) (1,556 ) - (26,736 ) Net deferred tax balance $ - $ - $ - $ - 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 $ - $ - $ - $ -

Nature of operations and goin_2

Nature of operations and going concern (Details Narrative) $ in Thousands	Dec. 06, 2021USD ($)shares	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)
Statement [Line Items]
Unrestricted cash			$ 3,259		$ 15,361
Working capital surplus					8,353
Accumulated deficit			156,749		139,959
Net income loss			16,790		14,230
Working capital deficit			428		$ 8,353,000
Common stock issued in exchange of acquisition | shares	76,504,590
Cash of acquisition	$ 5,000,000
Common stock value in exchange of acquisition	$ 45,000,000
Proceed from issuance of common stock		$ 5,385		$ 19,885
Dolly Varden [Member]
Statement [Line Items]
Share issued			76,504,590
Proceed from issuance of common stock			$ 5,000
Shares acquired | shares	76,504,590
Share outstanding percentage	35.33%
Fully diluted basis	32.88%
Homestake Ridge Gold Silver [Member]
Statement [Line Items]
Homestake resources owner ship percentage	100.00%

Significant accounting polici_4

Significant accounting policies (Details)	12 Months Ended
	Dec. 31, 2021
North Country Gold Corp
Statement [Line Items]
Place of incorporation	BC, Canada
Funtional currency	CAD
Beneficial interest	100.00%
Homestake Resource Corporation
Statement [Line Items]
Place of incorporation	BC, Canada
Funtional currency	CAD
Beneficial interest	100.00%
Homestake Royalty Corporation
Statement [Line Items]
Place of incorporation	BC, Canada
Funtional currency	CAD
Beneficial interest	100.00%
Eastmain Resources Inc.
Statement [Line Items]
Place of incorporation	ON, Canada
Funtional currency	CAD
Beneficial interest	100.00%
Eastmain Mines Inc.
Statement [Line Items]
Place of incorporation	Canada
Funtional currency	CAD
Beneficial interest	100.00%
Fury Gold USA Limited
Statement [Line Items]
Place of incorporation	Delaware, U.S.A
Funtional currency	USD
Beneficial interest	100.00%

Significant Accounting Polici_5

Significant Accounting Policies (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Cash equivalents	$ 0	$ 0
Right-of-use assets
Statement [Line Items]
Estimated useful life	useful life or the lease term, whichever is shorter
Machinery and Equipment
Statement [Line Items]
Estimated useful life	5-10 years
Computer Equipment
Statement [Line Items]
Estimated useful life	3 years

Critical accounting estimates_3

Critical accounting estimates and judgments (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Significant Accounting Policies
Risk-free interest rate	1.68%	1.21%
Annual inflation	2.50%	2.00%

Critical accounting estimates_4

Critical accounting estimates and judgments (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)
Significant Accounting Policies
Principal amount	$ 3,736
Net refund amount	3,835
Interest amount	$ 99

Acquisition of Eastmain and tra

Acquisition of Eastmain and transfer of Peruvian properties (Details 1) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Exploration and evaluation costs	$ 15,355	$ 3,658
Fees, salaries and other employee benefits	3,694	4,319
Legal and professional fees	1,983	562
Office and administration	606	667
Operating expenses	23,739	11,295
Foreign exchange loss	(14)	(60)
Other expenses	39	0
Loss from discontinued operations	$ 0	3,490
Peruvian exploration projects spin out | Discontinued Operations
Statement [Line Items]
Exploration and evaluation costs		2,892
Fees, salaries and other employee benefits		243
Legal and professional fees		101
Office and administration		92
Operating expenses		3,328
Project investigation costs		136
Foreign exchange loss		26
Other expenses		(162)
Loss from discontinued operations		$ 3,490

Acquisition of Eastmain and t_2

Acquisition of Eastmain and transfer of Peruvian properties (Details Narrative) - Eastmain	Oct. 09, 2021USD ($)shares
Statement [Line Items]
Ownership interest	100.00%
Share issued during period for acquisition, value	$ 124,169
Share issued during period for acquisition | shares	34,100,000
Acquisition cost	$ 3,029
Acquisition expense	$ 3,450
Share option | shares	1,570,754
Warrant issued | shares	1,297,591
Purchase price of acquisition	$ 124,169
Provision for reclamation	(1,849)
Accounts payable and accrued liabilities	(1,203)
Mineral property interests	(125,606)
Assets acquired included marketable securities	$ (1,662)

Cash and Restricted Cash (Detai

Cash and Restricted Cash (Details) - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Cash and Restricted Cash
Cash	$ 3,259	$ 15,361
Restricted cash	130	165
Cash and restricted cash	$ 3,389	$ 15,526

Cash and Restricted Cash (Det_2

Cash and Restricted Cash (Details Narrative) - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement [Line Items]
Restricted cash	$ 130	$ 165
Standby Letter of Credit
Statement [Line Items]
Restricted cash		$ 75	$ 75

Marketable Securities (Details)

Marketable Securities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2020CAD ($)
Marketable Securities
Marketable securities, beginning	$ 2,675,000	$ 2,675	$ 346
Additions, upon acquisition of Eastmain			1,662
Additions		110	102
Sale of marketable securities	(1,000,000)
Realized loss on disposition	(311,000)
Unrealized net gain (loss) on marketable securities		(869)	565
Marketable securities, ending	$ 605,000	$ 605	$ 2,675

Marketable Securities (Details

Marketable Securities (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Oct. 09, 2020
Statement [Line Items]
Common shares acquired		$ 1,662
Realized loss on disposition	$ (311,000)
Benz Mining Corp [Member]
Statement [Line Items]
Common shares sold	1,581,177
Proceeds from shares	$ 1,000
Realized loss on disposition	$ (311)
Common shares held	174,658
Warrants	500,000
Common shares in exchange	500,000
Exercise price	$ 0.12

Prepaid Expenses and Deposits_2

Prepaid Expenses and Deposits (Details) $ in Thousands	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)
Prepaid expenses and deposits related to:
Exploration and evaluation expenditures	$ 271		$ 71
Insurance expenditures		$ 207		$ 311
Other	290		646
Total prepaid expenses and deposits	768		1,028
Prepaid expenses and deposits,current	502		785
Prepaid expenses and deposits,non current	$ 266		$ 243

Property and Equipment (Details

Property and Equipment (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2021USD ($)
Statement [Line Items]
Net book value, beginning of the year			$ 1,222
Net book value, end of the year			1,191
Balance, beginning of the year	$ 1,222,000
Impairment of assets	42,000	$ 0
Balance, end of the year	1,191,000	1,222,000
Accumulated depreciation and amortisation
Statement [Line Items]
Balance, beginning of the year	(1,193,000)	(1,026,000)
Disposal of assets	(9,000)	(85,000)
Impairment of assets	13,000
Balance, end of the year	(1,542,000)	(1,193,000)
Depreciation	(371,000)	(252,000)
Gross carrying amount
Statement [Line Items]
Balance, beginning of the year	2,415,000	2,298,000
Additions	398,000	259,000
Disposal of assets	25,000	142,000
Impairment of assets	(55,000)
Balance, end of the year	2,733,000	2,415,000
Gross carrying amount | Office Leases
Statement [Line Items]
Balance, beginning of the year	236,000	0
Additions	295,000	236,000
Disposal of assets	0	0
Impairment of assets	0
Balance, end of the year	531,000	236,000
Other
Statement [Line Items]
Net book value, beginning of the year			23
Net book value, end of the year			8
Other | Accumulated depreciation and amortisation
Statement [Line Items]
Balance, beginning of the year	0	0
Disposal of assets	(9,000)	0
Impairment of assets	13,000
Balance, end of the year	(3,000)	0
Depreciation	(25,000)	0
Other | Gross carrying amount
Statement [Line Items]
Balance, beginning of the year	23,000	0
Additions	68,000	23,000
Disposal of assets	25,000	0
Impairment of assets	(55,000)
Balance, end of the year	11,000	23,000
Machinery and Equipment
Statement [Line Items]
Net book value, beginning of the year			980
Net book value, end of the year			802
Machinery and Equipment | Accumulated depreciation and amortisation
Statement [Line Items]
Balance, beginning of the year	(1,176,000)	(1,026,000)
Disposal of assets	0	(85,000)
Impairment of assets	0
Balance, end of the year	(1,389,000)	(1,176,000)
Depreciation	(213,000)	(235,000)
Machinery and Equipment | Gross carrying amount
Statement [Line Items]
Balance, beginning of the year	2,156,000	2,298,000
Additions	35,000	0
Disposal of assets	0	142,000
Impairment of assets	0
Balance, end of the year	2,191,000	2,156,000
Office Lease
Statement [Line Items]
Net book value, beginning of the year			219
Net book value, end of the year			$ 381
Office Lease | Accumulated depreciation and amortisation
Statement [Line Items]
Balance, beginning of the year	(17,000)	0
Disposal of assets	0	0
Impairment of assets	0
Balance, end of the year	(150,000)	(17,000)
Depreciation	$ (133,000)	$ (17,000)

Property and Equipment (Detai_2

Property and Equipment (Details Narrative) - CAD ($) $ in Thousands	Apr. 01, 2019	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Current lease liabilities		$ 104	$ 55
Noncurrent lease liabilities		$ 357	$ 193
Right-of-use assets
Statement [Line Items]
Lease term	5 years	4 years 3 months 29 days
Lease liabilities		$ 461
Current lease liabilities		104
Noncurrent lease liabilities		$ 357

Mineral Property Interests (Det

Mineral Property Interests (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Balance, beginning of the year	$ 160,772,000	$ 39,714,000
Additions		4,246,000
Eastmain acquisition, mineral property interests acquired		125,606,000
Purchase of Homestake Ridge royalty	400,000
Option payment received	(260,000)	(252,000)
Dispositions	(50,000)	(8,949,000)
Change in estimate of provision for site reclamation and closure	(169,000)	273,000
Currency translation adjustment		134,000
Balance, end of the year	160,693,000	160,772,000
Quebec
Statement [Line Items]
Balance, beginning of the year	125,354,000	0
Additions		0
Eastmain acquisition, mineral property interests acquired		125,606,000
Option payment received	(260,000)	(252,000)
Dispositions	(50,000)	0
Change in estimate of provision for site reclamation and closure	50,000	0
Currency translation adjustment		0
Balance, end of the year	125,094,000	125,354,000
Nunavut
Statement [Line Items]
Balance, beginning of the year	19,358,000	19,085,000
Additions		0
Eastmain acquisition, mineral property interests acquired		0
Option payment received	0	0
Dispositions	0	0
Change in estimate of provision for site reclamation and closure	(219,000)	0
Currency translation adjustment		273,000
Balance, end of the year	19,139,000	19,358,000
British Columbia
Statement [Line Items]
Balance, beginning of the year	16,060,000	16,060,000
Additions		0
Eastmain acquisition, mineral property interests acquired		0
Purchase of Homestake Ridge royalty	400,000
Option payment received		0
Dispositions		0
Change in estimate of provision for site reclamation and closure		0
Currency translation adjustment		0
Balance, end of the year	16,460,000	16,060,000
Peru
Statement [Line Items]
Balance, beginning of the year	0	4,569,000
Additions		4,246,000
Eastmain acquisition, mineral property interests acquired		0
Purchase of Homestake Ridge royalty	0
Option payment received		0
Dispositions		(8,949,000)
Change in estimate of provision for site reclamation and closure		0
Currency translation adjustment		134,000
Balance, end of the year	$ 0	$ 0

Mineral Property Interests (D_2

Mineral Property Interests (Details Narrative) - CAD ($) shares in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021	Jul. 31, 2021	Oct. 31, 2020
Statement [Line Items]
Exploration expenditures		$ 3,500,000
Interest paid		1,000,000
Commencement of commercial production		$ 1,500,000
Net Smelter Royalty Description		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.
Non-current accounts receivable		$ 50,000	$ 0		$ 50,000
Non-current accounts payable					$ 50,000
Cash		3,259,000	15,361,000
Option payment received		$ 150,000	150,000
Benz
Statement [Line Items]
Cash	$ 150,000					$ 150,000
Common stock shares	174,658					124,177
Common stock fair value	$ 110,000		102,000			$ 110,000
Option payment received	260,000
Homestake Ridge
Statement [Line Items]
Cash				$ 100,000
Common stock shares				300
Common stock fair value				$ 328,767,000
Ruby Hill Properties
Statement [Line Items]
Cash	$ 150,000		$ 150,000
Common stock shares	174,658		124,177

Flowthrough Share Premium Liabi

Flowthrough Share Premium Liability (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Balance, beginning of the year	$ 7,644,000	$ 7,000
Flow-through liability assumed		590,000
Flow-through funds raised		7,500,000
Flow-through eligible expenditure	(4,520,000)	(453,000)
Balance, end of the years	3,124,000	7,644,000
Flow-through liability assumed		2,391,000
Flow-through eligible expenditures	(10,789,000)	(1,836,000)
Balance, beginning of the year	18,079,000	24,000
Flow-through funds raised		17,500,000
Balance, end of the year	7,290,000	18,079,000
Quebec
Statement [Line Items]
Balance, beginning of the year	18,079,000	0
Flow-through funds raised		17,500,000
Balance, end of the years	7,290,000	18,079,000
Flow-through liability assumed		2,391,000
Flow-through eligible expenditures	(10,789,000)	(1,812,000)
Nunavut
Statement [Line Items]
Balance, beginning of the year	0	24,000
Flow-through funds raised		0
Balance, end of the years	0	0
Flow-through liability assumed		0
Flow-through eligible expenditures	$ 0	$ (24,000)

Flowthrough Share Premium Lia_2

Flowthrough Share Premium Liability (Details Narrative) $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)shares	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Oct. 31, 2021USD ($)
Statement [Line Items]
Share premium liability					$ 590
Equity financing	$ 23,000,000
Subscription receipts | shares	7,750,000
Subscription receipts sold | shares	5,000,000
Flow-through receipts for gross proceeds	$ 17,500,000
Flow-through shares subscription receipts sold | shares	2,750,000
Non flow through gross proceeds	$ 5,500,000
Exploration expenditures		$ 3,500
Quebec
Statement [Line Items]
Exploration expenditures			$ 7,290	$ 17,500

Provision for Site Reclamatio_3

Provision for Site Reclamation and Closure (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Balance, beginning of the year	$ 4,290,000	$ 2,134,000
Provision, assumed on acquisition of Eastmain		1,849,000
Accretion	69,000	34,000
Change in estimate	(169,000)	273,000
Balance, end of the year	4,190,000	4,290,000
Committee Bay
Statement [Line Items]
Balance, beginning of the year	2,436,000	2,134,000
Provision, assumed on acquisition of Eastmain		0
Accretion	39,000	29,000
Change in estimate	(219,000)	273,000
Balance, end of the year	2,256,000	2,436,000
Quebec
Statement [Line Items]
Balance, beginning of the year	1,854,000	0
Provision, assumed on acquisition of Eastmain		1,849,000
Accretion	30,000	5,000
Change in estimate	50,000	0
Balance, end of the year	$ 1,934,000	$ 1,854,000

Provision for Site Reclamatio_4

Provision for Site Reclamation and Closure (Details Narrative) - Provision for Decommissioning, Restoration and Rehabilitation Costs $ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)
Statement [Line Items]
Other provisions, undiscounted cash flows	$ 4,938	$ 5,060
Major assumptions made concerning future events, other provisions, inflation rate	2.50%	2.00%
Major assumptions made concerning future events, other provisions, discount rate	1.68%	1.21%

Exploration and Evaluation Co_3

Exploration and Evaluation Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)
Statement [Line Items]
Exploration and evaluation costs	$ 15,355,000		$ 3,658,000
Nunavut
Statement [Line Items]
Exploration and evaluation costs	3,563,000		937,000
Nunavut | Universal Mineral Services Ltd.
Statement [Line Items]
Exploration and evaluation costs	0	$ 44	200,000
Nunavut | Assaying
Statement [Line Items]
Exploration and evaluation costs	264,000		118,000
Nunavut | Exploration Drilling
Statement [Line Items]
Exploration and evaluation costs	601,000		28,000
Nunavut | Camp Cost, Equipment and Field Supplies
Statement [Line Items]
Exploration and evaluation costs	377,000		245,000
Nunavut | Geological Consulting Services
Statement [Line Items]
Exploration and evaluation costs	312,000		2,000
Nunavut | Geophysical Analysis
Statement [Line Items]
Exploration and evaluation costs	0		0
Nunavut | Permitting, Environmental and Community Costs
Statement [Line Items]
Exploration and evaluation costs	184,000		54,000
Nunavut | Expediting and Mobilization
Statement [Line Items]
Exploration and evaluation costs	170,000		5,000
Nunavut | Salaries and Wages
Statement [Line Items]
Exploration and evaluation costs	458,000		369,000
Nunavut | Fuel and Consumables
Statement [Line Items]
Exploration and evaluation costs	30,000		0
Nunavut | Aircraft and Travel
Statement [Line Items]
Exploration and evaluation costs	1,079,000		0
Nunavut | Share Based Compensation
Statement [Line Items]
Exploration and evaluation costs	88,000		116,000
British Columbia
Statement [Line Items]
Exploration and evaluation costs	473,000		465,000
British Columbia | Universal Mineral Services Ltd.
Statement [Line Items]
Exploration and evaluation costs	0	20	106,000
British Columbia | Assaying
Statement [Line Items]
Exploration and evaluation costs	21,000		27,000
British Columbia | Exploration Drilling
Statement [Line Items]
Exploration and evaluation costs	125,000		0
British Columbia | Camp Cost, Equipment and Field Supplies
Statement [Line Items]
Exploration and evaluation costs	124,000		28,000
British Columbia | Geological Consulting Services
Statement [Line Items]
Exploration and evaluation costs	3,000		194,000
British Columbia | Geophysical Analysis
Statement [Line Items]
Exploration and evaluation costs	0		0
British Columbia | Permitting, Environmental and Community Costs
Statement [Line Items]
Exploration and evaluation costs	53,000		69,000
British Columbia | Expediting and Mobilization
Statement [Line Items]
Exploration and evaluation costs	6,000		0
British Columbia | Salaries and Wages
Statement [Line Items]
Exploration and evaluation costs	100,000		116,000
British Columbia | Fuel and Consumables
Statement [Line Items]
Exploration and evaluation costs	0		0
British Columbia | Aircraft and Travel
Statement [Line Items]
Exploration and evaluation costs	2,000		2,000
British Columbia | Share Based Compensation
Statement [Line Items]
Exploration and evaluation costs	39,000		29,000
Peru
Statement [Line Items]
Exploration and evaluation costs	0		2,892,000
Peru | Universal Mineral Services Ltd.
Statement [Line Items]
Exploration and evaluation costs	0		152,000
Peru | Assaying
Statement [Line Items]
Exploration and evaluation costs	0		16,000
Peru | Exploration Drilling
Statement [Line Items]
Exploration and evaluation costs	0		0
Peru | Camp Cost, Equipment and Field Supplies
Statement [Line Items]
Exploration and evaluation costs	0		340,000
Peru | Geological Consulting Services
Statement [Line Items]
Exploration and evaluation costs	0		291,000
Peru | Geophysical Analysis
Statement [Line Items]
Exploration and evaluation costs	0		46,000
Peru | Permitting, Environmental and Community Costs
Statement [Line Items]
Exploration and evaluation costs	0		1,372,000
Peru | Expediting and Mobilization
Statement [Line Items]
Exploration and evaluation costs	0		10,000
Peru | Salaries and Wages
Statement [Line Items]
Exploration and evaluation costs	0		543,000
Peru | Fuel and Consumables
Statement [Line Items]
Exploration and evaluation costs	0		9,000
Peru | Aircraft and Travel
Statement [Line Items]
Exploration and evaluation costs	0		53,000
Peru | Share Based Compensation
Statement [Line Items]
Exploration and evaluation costs	0		212,000
Quebec
Statement [Line Items]
Exploration and evaluation costs	11,319,000		2,256,000
Quebec | Universal Mineral Services Ltd.
Statement [Line Items]
Exploration and evaluation costs	0	$ 151	157,000
Quebec | Assaying
Statement [Line Items]
Exploration and evaluation costs	2,502,000		83,000
Quebec | Exploration Drilling
Statement [Line Items]
Exploration and evaluation costs	3,448,000		599,000
Quebec | Camp Cost, Equipment and Field Supplies
Statement [Line Items]
Exploration and evaluation costs	1,280,000		163,000
Quebec | Geological Consulting Services
Statement [Line Items]
Exploration and evaluation costs	481,000		124,000
Quebec | Geophysical Analysis
Statement [Line Items]
Exploration and evaluation costs	185,000		110,000
Quebec | Permitting, Environmental and Community Costs
Statement [Line Items]
Exploration and evaluation costs	186,000		0
Quebec | Expediting and Mobilization
Statement [Line Items]
Exploration and evaluation costs	79,000		0
Quebec | Salaries and Wages
Statement [Line Items]
Exploration and evaluation costs	1,921,000		506,000
Quebec | Fuel and Consumables
Statement [Line Items]
Exploration and evaluation costs	462,000		190,000
Quebec | Aircraft and Travel
Statement [Line Items]
Exploration and evaluation costs	429,000		98,000
Quebec | Share Based Compensation
Statement [Line Items]
Exploration and evaluation costs	346,000		383,000
Total | Assaying
Statement [Line Items]
Exploration and evaluation costs	2,787,000		228,000
Total | Exploration Drilling
Statement [Line Items]
Exploration and evaluation costs	4,174,000		627,000
Total | Camp Cost, Equipment and Field Supplies
Statement [Line Items]
Exploration and evaluation costs	1,781,000		436,000
Total | Geological Consulting Services
Statement [Line Items]
Exploration and evaluation costs	796,000		320,000
Total | Geophysical Analysis
Statement [Line Items]
Exploration and evaluation costs	185,000		110,000
Total | Permitting, Environmental and Community Costs
Statement [Line Items]
Exploration and evaluation costs	423,000		123,000
Total | Expediting and Mobilization
Statement [Line Items]
Exploration and evaluation costs	255,000		5,000
Total | Salaries and Wages
Statement [Line Items]
Exploration and evaluation costs	2,479,000		991,000
Total | Fuel and Consumables
Statement [Line Items]
Exploration and evaluation costs	492,000		190,000
Total | Aircraft and Travel
Statement [Line Items]
Exploration and evaluation costs	1,510,000		100,000
Total | Share Based Compensation
Statement [Line Items]
Exploration and evaluation costs	$ 473,000		$ 528,000

Share Capital (Details)

Share Capital (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)shares
February 2020 Offering
Statement [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
October 2021 Offering
Statement [Line Items]
Number of common shares issued | shares	7,461,450
Common shares issued, impact on share capital | $	$ 5,596
Cash share issue costs | shares	0
Cash share issue costs, impact on share capital | $	$ (211)
Proceeds net of share issue costs | shares	7,461,450
Proceeds net of share issue costs, impact on share capital | $	$ 5,385
September 2020 Offering
Statement [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

Share Capital (Details Narrativ

Share Capital (Details Narrative)	1 Months Ended		12 Months Ended
	Sep. 30, 2020USD ($)shares	Jul. 31, 2020USD ($)	Dec. 31, 2021CAD ($)$ / sharesshares	Dec. 31, 2020CAD ($)$ / sharesshares	Dec. 31, 2019CAD ($)	Dec. 31, 2021USD ($)shares	Oct. 09, 2020$ / sharesshares	Jul. 31, 2020CAD ($)$ / sharesshares	Jul. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)
Statement [Line Items]
Stock option exercises, shares | shares				3,228,182
Common stock shares | shares			7,461,450	743,187		7,461,450	112,340,434
Private equity placement for gross proceeds			$ 5,596,000
Share price per unit | $ / shares			$ 0.75	$ 4.29			$ 0.95
Warrant share price per unit | $ / shares			$ 1.20
Share issuances description			The expiry date of the warrants can be accelerated to 30 days with notice from the Company should the common shares trade after the expiry of the four-month hold period at a price equal to or greater than CAD$1.50 for 20 consecutive trading days.
Share issue costs			$ 211,000
Commissions			68,000
Other issuance costs			143,000
Stock option exercises, value				$ 7,799
Weighted average exercise price | $ / shares				$ 2.42
Equity reserves share capital				$ 4,690
Non flow through gross proceeds	$ 5,500,000
Flow-through shares subscription receipts sold | shares	2,750,000
Flow-through receipts for gross proceeds	$ 17,500,000
Subscription receipts sold | shares	5,000,000
Subscription receipts | shares	7,750,000
Equity reserves share capital			$ 18,640,000	11,521,000
September 2020 Offering
Statement [Line Items]
Share issue costs				1,518,000
Commissions				1,283,000
Other issuance costs				$ 235,000
February 2020 Offering
Statement [Line Items]
Share price per unit | $ / shares				$ 2.37
Share issue costs				$ 247,000
Commissions				59,000
Other issuance costs				$ 188,000
Shares issued | shares				6,333,984
Gross proceeds				$ 15,000,000
Bridge Loan
Statement [Line Items]
Common stock shares | shares								1,318,877	1,318,877
Share price per unit | $ / shares								$ 2.37
Principal loan					$ 3,000,000				$ 3,000,000
Accrued interest								$ 123,000
Interest rate		10.00%			10.00%
Accrued interest rate		5.00%
Loss on derecognition of loan		$ 65,000			$ 159,000
Net deferred taxes										$ 154
Fair value of debt										$ 2,912
Options
Statement [Line Items]
Weighted average exercise price | $ / shares			$ 1.46
Shares issued | shares			5,834			5,834
Gross proceeds			$ 5,000
Equity reserves share capital						$ 1,000
Warrants
Statement [Line Items]
Weighted average exercise price | $ / shares			$ 1.46
Shares issued | shares			101,042			101,042
Gross proceeds			$ 147,000
Equity reserves share capital						$ 12,000
Homestake Ridge
Statement [Line Items]
Share issue costs			$ 10,000
Shares issued | shares			328,767			328,767
Fair market value of shares issued			$ 300,000
Royalty percentage			2.00%

Share Option and Warrant Rese_3

Share Option and Warrant Reserves (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share Option and Warrant Reserves
Exploration and evaluation costs	$ 473,000	$ 528,000
Fees, salaries and other employee benefits	1,573,000	2,002,000
Recognized in net loss from continuing operations	2,046,000	2,530,000
Recognized in net loss from discontinued operations	0	239,000
Total share-based compensation expense	$ 2,046,000	$ 2,769,000

Share Option and Warrant Rese_4

Share Option and Warrant Reserves (Details 1)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share Option and Warrant Reserves
Risk-free interest rate	0.91%	0.36%
Expected dividend yield	0.00%	0.00%
Share price volatility	67.00%	68.00%
Expected forfeiture rate	0.00%	0.00%
Expected life (in years - weighted average)	4 years 10 months 24 days	4 years 10 months 24 days

Share Option and Warrant Rese_5

Share Option and Warrant Reserves (Details 2)	Jan. 24, 2022	Dec. 31, 2021$ / shares	Dec. 31, 2020$ / shares	Dec. 31, 2019$ / shares
Share Option and Warrant Reserves
Number of share options outstanding Beginning of the year		8,141,004	5,602,619
Number of share options granted	1,745,000	1,405,000	5,857,459	4,180,672
Number of share options exercised		5,834	3,228,182
Number of share options expired		1,685,048	20,272
Number of share options forfeited		1,103,125	70,620
Number of share options outstanding end of the year		6,751,997	8,141,004	5,602,619
Weighted average exercise price outstanding Beginning of the year		$ 2.67	$ 2.96
Weighted average exercise price granted		1.03	2.42
Weighted average exercise price exercised		0.86	2.42
Weighted average exercise price expired		2.04	2.90
Weighted average exercise price outstanding end of the year		2	2.67	$ 2.96
Weighted average exercise price forfeited		$ 2.61	$ 2.61

Share Option and Warrant Rese_6

Share Option and Warrant Reserves (Details 3)	12 Months Ended
	Dec. 31, 2021$ / shares	Dec. 31, 2020$ / shares	Dec. 31, 2019$ / shares
Statement [Line Items]
Number of share options outstanding beginning of the year	6,751,997	8,141,004	5,602,619
Weighted average exercise price outstanding beginning of the year	$ 2	$ 2.67	$ 2.96
Options outstanding, remaining contractual life	2 years 5 months 12 days
Number of options exercisable	4,945,125
Options exercisable, exercise price	$ 2.21
Options exercisable, remaining contractual life	2 years 8 months 19 days
Exercise Price Range 1
Statement [Line Items]
Number of share options outstanding beginning of the year	2,934,405
Weighted average exercise price outstanding beginning of the year	$ 1.28
Options outstanding, remaining contractual life	1 year 6 months 29 days
Number of options exercisable	1,826,282
Options exercisable, exercise price	$ 1.44
Options exercisable, remaining contractual life	2 years 3 months 18 days
Exercise Price Range 2
Statement [Line Items]
Number of share options outstanding beginning of the year	3,686,324
Weighted average exercise price outstanding beginning of the year	$ 2.35
Options outstanding, remaining contractual life	3 years 2 months 19 days
Number of options exercisable	2,987,575
Options exercisable, exercise price	$ 2.42
Options exercisable, remaining contractual life	3 years 29 days
Exercise Price Range 3
Statement [Line Items]
Number of share options outstanding beginning of the year	131,268
Weighted average exercise price outstanding beginning of the year	$ 7.88
Options outstanding, remaining contractual life	4 months 28 days
Number of options exercisable	131,268
Options exercisable, exercise price	$ 7.88
Options exercisable, remaining contractual life	4 months 28 days

Share Option and Warrant Rese_7

Share Option and Warrant Reserves (Details 4) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share Option and Warrant Reserves
Outstanding warrants Beginning of the year	1,626,740	337,813
Warrants issued	7,461,450	1,297,591
Warrants exercised	101,042	8,664
Warrants expired	(775,695)
Outstanding warrants end of the year	8,211,453	1,626,740
Outstanding warrants, exercise price Brginning of the year	$ 1.66	$ 2.96
Warrants issued, exercise price	1.20	1.33
Warrants exercised, exercise price	1.46	1.46
Warrants expired, exercise price	1.42
Outstanding warrants, exercise price end of the year	$ 1.27	$ 1.66

Share Option and Warrant Rese_8

Share Option and Warrant Reserves (Details 5) - $ / shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement [Line Items]
Outstanding warrants beginning of the year	8,211,453	1,626,740	337,813	0
Outstanding warrants, exercise price beginning of the year	$ 1.27	$ 1.66	$ 2.96	$ 0
Exercise Price Range 1
Statement [Line Items]
Outstanding warrants beginning of the year	189,613
Outstanding warrants, exercise price beginning of the year	$ 1.11
Exercise Price Range 2
Statement [Line Items]
Outstanding warrants beginning of the year	222,577
Outstanding warrants, exercise price beginning of the year	$ 1.11
Exercise Price Range 3
Statement [Line Items]
Outstanding warrants beginning of the year	337,813
Outstanding warrants, exercise price beginning of the year	$ 2.96
Exercise Price Range 4
Statement [Line Items]
Outstanding warrants beginning of the year	5,085,670
Outstanding warrants, exercise price beginning of the year	$ 1.20
Exercise Price Range 5
Statement [Line Items]
Outstanding warrants beginning of the year	2,375,780
Outstanding warrants, exercise price beginning of the year	$ 1.20

Share Option and Warrant Rese_9

Share Option and Warrant Reserves (Details Narratives) $ / shares in Units, shares in Millions, $ in Millions	Jan. 24, 2022$ / shares	Oct. 09, 2020USD ($)shares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020	Dec. 31, 2019$ / shares
Statement [Line Items]
Number of share options granted	1,745,000		1,405,000	5,857,459	4,180,672
Weighted average exercise price granted			$ 0.56		$ 1.08
Exercise price	$ 1
Fury Gold
Statement [Line Items]
Conversion of warrants amount | $		$ 1,890	$ 1,560
Conversion of warrants | shares		1.6	11.1

Related Party Balances and Tr_3

Related Party Balances and Transactions (Details)	12 Months Ended
	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)
Statement [Line Items]
Exploration and evaluation costs	$ 15,355,000		$ 3,658,000
Fees, salaries and other employee benefits	3,694,000		4,319,000
Legal and professional fees	1,983,000		562,000
Marketing and investor relations	1,093,000		1,322,000
Office and administration	606,000		667,000
Quebec
Statement [Line Items]
Exploration and evaluation costs	11,319,000		2,256,000
Nunavut
Statement [Line Items]
Exploration and evaluation costs	3,563,000		937,000
British Columbia
Statement [Line Items]
Exploration and evaluation costs	473,000		465,000
Peru
Statement [Line Items]
Exploration and evaluation costs	0		2,892,000
Universal Mineral Services Ltd.
Statement [Line Items]
Fees, salaries and other employee benefits		$ 116,000	284,000
Legal and professional fees		34,000	12,000
Marketing and investor relations		15,000	141,000
Office and administration		219,000	460,000
Project investigation costs		0	170,000
Total transactions for the period		599,000	1,682,000
Universal Mineral Services Ltd. | Quebec
Statement [Line Items]
Exploration and evaluation costs	0	151,000	157,000
Universal Mineral Services Ltd. | Nunavut
Statement [Line Items]
Exploration and evaluation costs	0	44,000	200,000
Universal Mineral Services Ltd. | British Columbia
Statement [Line Items]
Exploration and evaluation costs	0	$ 20,000	106,000
Universal Mineral Services Ltd. | Peru
Statement [Line Items]
Exploration and evaluation costs	$ 0		$ 152,000

Related Party Balances and Tr_4

Related Party Balances and Transactions (Details 1) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)
Related Party Balances and Transactions
Short-term benefits provided to executives	$ 982	$ 1,985
Directors fees paid to non-executive directors	204	313
Share-based payments	1,206	1,998
Key management personnel compensation	$ 2,392	$ 4,296

Related Party Balances and Tr_5

Related Party Balances and Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Outstanding balance owing	$ 142	$ 109
Short-term benefits	96	79
Share-based payment expense	54,000	283,000
Universal Mineral Services Ltd.
Statement [Line Items]
Deposit	150	$ 56
Total proceeds	30
Share of future rental expense	$ 565

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)
Supplemental Cash Flow Information (Details)
Amounts receivable	$ 505	$ (582)
Prepaid expenses and deposits	260	(242)
Accounts payable and accrued liabilities	(499)	(72)
Changes in non-cash working capital	$ 266	$ (896)

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Information (Details)
Income taxes refunded	$ (3,835)	$ 0

Supplemental Cash Flow Inform_5

Supplemental Cash Flow Information (Details Narrative)	Oct. 05, 2021USD ($)
Financial Instruments
Received cash settlement	$ 185

Loss Per Share (Details)

Loss Per Share (Details) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)$ / sharesshares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020CAD ($)$ / sharesshares	Dec. 31, 2020$ / shares
Loss Per Share
Loss for the year from continuing operations	$ (16,790)	$ (16,790)	$ (10,763)
Loss for the year	$ 16,790	$ 16,790	$ 14,253
Weighted average number of shares outstanding | shares	119,701,040	119,701,040	80,397,193
Basic and diluted loss per share from continuing operations | (per share)	$ 0.14	$ 0.14	$ 0.13	$ 0.13
Basic and diluted loss per share | $ / shares		$ 0.14		$ 0.18

Financial Instruments (Details)

Financial Instruments (Details) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2019CAD ($)
Statement [Line Items]
Financial assets, amortized cost	$ 3,874,000			$ 16,431
Financial assets, FVTPL	605,000	$ 605	$ 2,675,000	2,675	$ 346
Financial assets, total	4,479,000			19,106
Financial liabilities, amortized cost	1,888,000			3,280
Financial liabilities, FVTPL	0			0
Financial liabilities, total	1,888,000			3,280
Accounts Receivable
Statement [Line Items]
Financial assets, amortized cost	372,000			827
Financial assets, FVTPL	0			0
Financial assets, total	372,000			827
Cash
Statement [Line Items]
Financial assets, amortized cost	3,259,000			15,361
Financial assets, FVTPL	0			0
Financial assets, total	3,259,000			15,361
Marketable Securities
Statement [Line Items]
Financial assets, amortized cost	0			0
Financial assets, FVTPL	605,000			2,675
Financial assets, total	605,000			2,675
Deposits
Statement [Line Items]
Financial assets, amortized cost	243,000			243
Financial assets, FVTPL	0			0
Financial assets, total	243,000			243
Accounts Payable and Accrued Liabilities
Statement [Line Items]
Financial liabilities, amortized cost	1,888,000			3,280
Financial liabilities, FVTPL	0			0
Financial liabilities, total	$ 1,888,000			$ 3,280

Financial Instruments (Details

Financial Instruments (Details 1) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2019CAD ($)
Statement [Line Items]
Marketable securities	$ 605,000	$ 605	$ 2,675,000	$ 2,675	$ 346
Level 1
Statement [Line Items]
Marketable securities	282,000			2,165
Level 2
Statement [Line Items]
Marketable securities	$ 323,000			$ 510

Financial Instruments (Detail_2

Financial Instruments (Details 2) - CAD ($)	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Accounts payable and accrued liabilities	$ 1,888,000
Qu?bec flow-through expenditure requirements	7,290,000
Undiscounted lease payments	622,000
Total	9,800,000
Accounts payable and accrued liabilities	1,888,000	$ 3,280,000
Over 3 Years
Statement [Line Items]
Qu?bec flow-through expenditure requirements	0
Undiscounted lease payments	63,000
Total	63,000
Accounts payable and accrued liabilities	0
2 to 3 Years
Statement [Line Items]
Qu?bec flow-through expenditure requirements	0
Undiscounted lease payments	376,000
Total	376,000
Accounts payable and accrued liabilities	0
Within 1 Year
Statement [Line Items]
Accounts payable and accrued liabilities	1,888,000
Qu?bec flow-through expenditure requirements	7,290,000
Undiscounted lease payments	183,000
Total	$ 9,361,000

Financial Instruments (Detail_3

Financial Instruments (Details 3) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)
Currency risk
Statement [Line Items]
Net exposure	$ 409	$ (358,000)
Financial Liabilities Denominated in Foreign Currencies
Statement [Line Items]
Net exposure	(160)	(41,000)
Financial Assets Denominated in Foreign Currencies
Statement [Line Items]
Net exposure	$ 569	$ 399,000

Financial Instruments (Detail_4

Financial Instruments (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financial Instruments
Gold incurred a loss	$ 16,790,000	$ 14,230,000
Unrestricted cash	3,259	15,361
Working capital deficit	428	8,353,000
Accumulated deficit	(156,749,000)	(139,959)
Working capital	(3,124)	(7,644)
Cash payments	441
Recognized in prepaid expenses	$ 144	$ 65

Management of Capital (Details)

Management of Capital (Details) $ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2019USD ($)
Management of Capital
Equity	$ 157,355		$ 166,272
Less cash	(3,259)	$ (3,259)	(15,361)	$ (660)
Capital	$ 154,096		$ 150,911

Income Taxes (Details)

Income Taxes (Details)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)
Income Taxes
Loss before income taxes		$ 16,790,000		$ 10,763,000
Canadian federal and provincial income tax rates	27.00%	27.00%	27.00%	27.00%
Expected income tax recovery		$ (4,533,000)		$ (2,906,000)
Increase (decrease) in income tax recovery resulting from:
Spin-out transaction	$ 0		$ 8,650
Acquestion of Eastmain	$ 0		$ (7,838)
Share-based compensation		552,000		683,000
Share issuance costs		(60,000)		(462,000)
Adjustment to tax estimates		1,170,000		(22,000)
Amortization of flow-through share premium		(1,220,000)		(120,000)
Flow-through expenditures renunciation		2,856,000		489,000
Difference in future and foreign tax rates		(172,000)		234,000
Other		(149,000)		55,000
Increase in unrecognized tax asset		1,556,000		1,237,000
Income tax recovery		$ 0		$ 0

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Statement [Line Items]
Net loss	$ 0		$ 0		$ 0
Equity	0		0		0
Balance, end of period		$ 0		$ 0	0
Bridge Loan
Statement [Line Items]
Net loss					44,000
Balance, end of period			0		(44,000)
Deferred tax liabilities, property and equipment
Statement [Line Items]
Net loss	(34,000)				(52,000)
Equity	0				0
Balance, end of period		(86)		(52)	0
Deferred tax liabilities, investement
Statement [Line Items]
Net loss	154,000				(196,000)
Equity	0				0
Balance, end of period		(42)		(196)	0
Non-capital losses
Statement [Line Items]
Net loss	1,186,000				4,770,000
Equity	0				0
Balance, end of period		21,032,000	19,846,000		15,076,000
Capital losses carried forward
Statement [Line Items]
Net loss	101,000				37,000
Equity	0
Balance, end of period		183,000	82,000		45,000
Share issuance costs & CEC
Statement [Line Items]
Net loss	(281,000)				177,000
Equity	0				0
Balance, end of period		552,000	833,000		656,000
Site reclamation obligations
Statement [Line Items]
Net loss	(16,000)				561,000
Equity	0
Balance, end of period		1,121,000	1,137,000		576,000
Property and equipment
Statement [Line Items]
Net loss	64,000				53,000
Equity	0
Balance, end of period		376,000	312,000		259,000
Deferred tax assets, mineral property interests
Statement [Line Items]
Net loss	1,016,000				(3,838,000)
Balance, end of period		5,001,000	3,985,000		7,823,000
Total deferred tax assets
Statement [Line Items]
Net loss	2,165,000
Equity	0
Balance, end of period		28,470,000	26,305,000
Deferred tax liabilities, mineral property interests
Statement [Line Items]
Net loss	(729,000)				36,000
Equity	0				0
Balance, end of period		(1,606,000)	(877,000)		(913,000)
FX on intercompany
Statement [Line Items]
Net loss					(6,000)
Equity					0
Balance, end of period			0		6,000
Total net deferred tax assets (liabilities)
Statement [Line Items]
Net loss	1,556,000				1,237,000
Equity	0				0
Balance, end of period		26,736,000	25,180,000		23,943,000
Unrecogonized deferred tax assets
Statement [Line Items]
Net loss	(1,556,000)				(1,237,000)
Equity	0				0
Balance, end of period		(26,736,000)	(25,180,000)		(23,943,000)
Peruvian VAT receivable
Statement [Line Items]
Net loss					(402,000)
Balance, end of period			0		402,000
Investments
Statement [Line Items]
Net loss	(26,000)				(13,000)
Equity	0
Balance, end of period		18,000	44,000		57,000
Capital Lease Obligation
Statement [Line Items]
Net loss	58,000				66,000
Equity	0				0
Balance, end of period		$ 124,000	$ 66,000		$ 0
Other
Statement [Line Items]
Net loss	63,000
Equity	$ 0
Balance, end of period				$ 63

Income Taxes (Details Narrative

Income Taxes (Details Narrative) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2020USD ($)
Income Taxes
Unused tax losses for which no deferred tax asset recognised		$ 1,312
Accumulated non-capital losses	$ 79,718		$ 75,864