Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 4,268,000 $ 7,403,000
Accounts receivable 0 22,000
Prepaid expenses 814,000 885,000
Total current assets 5,082,000 8,310,000
Non-current assets    
Non-current portion of inventory 7,814,000 7,426,000
Restricted cash 7,859,000 7,812,000
Mineral properties 39,184,000 43,212,000
Capital assets 21,891,000 23,630,000
Total non-current assets 76,748,000 82,080,000
Total assets 81,830,000 90,390,000
Current liabilities    
Accounts payable and accrued liabilities 2,320,000 2,211,000
Current portion of notes payable 459,000 0
Current portion of warrant liability 729,000 0
Environmental remediation accrual 76,000 72,000
Total current liabilities 3,584,000 2,283,000
Non-current liabilities    
Notes payable 12,720,000 12,215,000
Lease liability 50,000 12,000
Asset retirement obligations 29,965,000 30,972,000
Warrant liability 1,415,000 575,000
Total non-current liabilities 44,150,000 43,774,000
Shareholders' equity    
Share capital 189,620,000 185,754,000
Contributed surplus 20,946,000 20,317,000
Accumulated other comprehensive income 3,707,000 3,654,000
Accumulated deficit (180,177,000) (165,392,000)
Total shareholders' equity 34,096,000 44,333,000
Total liabilities and shareholders' equity $ 81,830,000 $ 90,390,000