Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flow (Unaudited)

v3.20.2
Consolidated Statements of Cash Flow (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income (loss) for the period $ (9,564,000) $ (10,533,000)
Items not affecting cash:    
Stock based compensation 693,000 554,000
Net realizable value adjustments 6,296,000 8,189,000
Depreciation of capital assets 1,365,000 2,397,000
Amortization of mineral properties 1,850,000 978,000
Lease principal payments 0 (69,000)
Accretion expense 433,000 431,000
Amortization of deferred loan costs 58,000 91,000
Provision for reclamation 18,000 0
Write-off of mineral properties 0 11,000
Mark to market loss (gain) (592,000) (343,000)
Gain on sale of assets (16,000) 0
Gain (loss) on unrealized Foreign exchange 0 (23,000)
Accounts receivable 8,000 (1,111,000)
Inventory (6,489,000) (854,000)
Prepaid expenses (58,000) (58,000)
Accounts payable and accrued liabilities 154,000 (110,000)
Net cash provided by operating activities (5,844,000) (450,000)
Investing activities    
Mineral property costs 0 (8,000)
Decrease (increase) in bonding and other deposits 0 19,000
Proceeds from sale of capital assets 18,000 0
Purchase of capital assets (38,000) (175,000)
Net cash provided by investing activities (20,000) (164,000)
Financing activities    
Issuance of common shares and warrants for cash 4,680,000 0
Share issue costs (429,000) 0
Proceeds from exercise of warrants and stock options 0 143,000
RSU redeemed for cash (45,000) (34,000)
Proceeds from debt financing 893,000 0
Repayment of debt 0 (2,555,000)
Net cash provided by financing activities 5,099,000 (2,446,000)
Effects of foreign exchange rate changes on cash 50,000 53,000
Increase (decrease) in cash, cash equivalents, and restricted cash (715,000) (3,007,000)
Beginning cash, cash equivalents 15,215,000 13,830,000
Ending cash, cash equivalents, and restricted cash $ 14,500,000 $ 10,823,000