Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 59,700,000 $ 33,003,000
Current portion of lease receivable (net) 77,000 0
Inventory 2,571,000 9,903,000
Prepaid expenses 1,321,000 1,038,000
Total current assets 63,669,000 43,944,000
Non-current assets    
Lease receivable (net) 208,000 0
Restricted cash 8,549,000 8,137,000
Mineral properties 34,906,000 35,682,000
Capital assets 21,044,000 20,132,000
Total non-current assets 64,707,000 63,951,000
Total assets 128,376,000 107,895,000
Current liabilities    
Accounts payable and accrued liabilities 2,366,000 1,168,000
Current portion of notes payable 5,694,000 5,366,000
Current portion of warrant liability 1,743,000 0
Current portion of lease liability 162,000 0
Environmental remediation accrual 69,000 69,000
Total current liabilities 10,034,000 6,603,000
Non-current liabilities    
Notes payable 0 5,694,000
Warrant liability 11,549,000 2,382,000
Asset retirement obligations 31,236,000 30,701,000
Lease liability 687,000 16,000
Total non-current liabilities 43,472,000 38,793,000
Shareholders' equity    
Share capital 302,182,000 258,646,000
Contributed surplus 19,881,000 19,843,000
Accumulated other comprehensive income 3,718,000 4,265,000
Accumulated deficit (250,911,000) (220,255,000)
Total shareholders' equity 74,870,000 62,499,000
Total liabilities and shareholders' equity $ 128,376,000 $ 107,895,000