Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Consolidated Balance Sheets

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Unaudited Interim Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents (note 4) $ 4,672 $ 1,627
Accounts receivable (note 5) 4,314 5,802
Inventory (note 6) 3,916 2,053
Current deferred financing costs (note 12) 167 183
Prepaid expenses 808 767
Assets, Current, Total 13,877 10,432
Restricted cash (note 7) 5,055 5,055
Mineral properties (note 8) 51,433 52,702
Capital assets (note 9) 34,675 35,250
Equity investment (note 10) 1,090 1,085
Deferred financing costs (note 12) 836 812
Assets, Noncurrent, Total 93,089 94,904
Assets, Total 106,966 105,336
Current liabilities    
Accounts payable and accrued liabilities (note 11) 3,796 2,928
Current portion of notes payable (note 12) 5,331 5,153
Reclamation obligations 85 85
Liabilities, Current, Total 9,212 8,166
Notes payable (note 12) 35,246 34,000
Deferred income tax liability (note 13) 3,345 3,345
Deferred revenue (note 14) 2,508 2,508
Asset retirement obligations (note 15) 17,318 17,279
Other liabilities - warrants (note 16) 1,592 1,374
Liabilities, Noncurrent, Total 60,009 58,506
Liabilities 69,221 66,672
Share Capital    
Class A preferred shares, without par value, unlimited shares authorized. No shares issued and outstanding 0 0
Common shares, without par value, unlimited shares authorized. Shares issued and outstanding: 128,711,182 at March 31, 2014 and 127,559,743 at December 31, 2013 167,325 165,974
Warrants 4,175 4,175
Contributed surplus 13,890 14,247
Accumulated other comprehensive loss 3,333 3,298
Deficit (150,978) (149,030)
Stockholders'Equity Attributable to Parent, Total 37,745 38,664
Liabilities and Equity, Total $ 106,966 $ 105,336