Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flow

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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash provided by (used in) Operating activities    
Net income (loss) for the period $ 6,505 $ (4,917)
Items not affecting cash:    
Stock based expense 506 440
Depreciation and amortization 2,538 2,556
Accretion of asset retirement obligation 266 265
Amortization of deferred loan costs 60 76
Provision for reclamation (6)  
Write off of equity investments   189
Write off of mineral property   62
Warrants mark to market gain   (31)
Gain on disposition of assets   (42)
Loss (gain) on foreign exchange 18 208
RSUs redeemed to pay withholding or paid in cash (52) (9)
Proceeds from assignment of sales contract   5,085
Change in non-cash working capital items:    
Accounts receivable 2 (2,523)
Inventory (3,342) (1,545)
Prepaid expenses (45) (344)
Accounts payable and accrued liabilities 235 147
Net Cash Provided by (Used in) Operating Activities, Total 6,685 (383)
Investing activities    
Mineral property costs (6)  
Funding of equity investment   (2)
Proceeds from sale of property and equipment   92
Purchase of capital assets (107) (183)
Net Cash Provided by (Used in) Investing Activities, Total (113) (93)
Financing activities    
Issuance of common shares and warrants for cash 1,169 6,568
Share issue costs (43) (767)
Proceeds from exercise of stock options 348 9
Repayment of debt (2,279) (4,308)
Net Cash Provided by (Used in) Financing Activities, Total (805) 1,502
Effects of foreign exchange rate changes on cash 1 6
Net change in cash and cash equivalents 5,768 1,032
Beginning cash and cash equivalents 9,109  
Ending cash and cash equivalents (note 13) $ 14,877 $ 10,032