Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flow

v3.10.0.1
Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash provided by (used in) Operating activities    
Net income for the period $ 6,200 $ 3,502
Items not affecting cash:    
Stock based expense 727 705
Depreciation and amortization 2,701 3,810
Accretion of asset retirement obligation 380 401
Amortization of deferred loan costs 91 91
Provision for reclamation   (6)
Gain on monetization of contract (3,540)  
Warrants mark to market gain (11)  
Gain on disposition of assets (2)  
Loss (gain) on foreign exchange (6) 59
Other loss 5 5
Change in non-cash working capital items:    
Accounts receivable (11) (7,881)
Inventory (7,653) 2,389
Prepaid expenses (117) 120
Accounts payable and accrued liabilities (401) (361)
Net Cash Provided by (Used in) Operating Activities, Total (1,637) 2,834
Investing activities    
Mineral property costs (31) (10)
Proceeds from monetization of contract 3,540  
Increase in other deposits (19)  
Funding of equity investment (5) (5)
Purchase of capital assets (49) (173)
Net Cash Provided by (Used in) Investing Activities, Total 3,436 (188)
Financing activities    
Issuance of common shares for cash 10,000 1,169
Share issue costs (731) (60)
Proceeds from exercise of stock options 247 349
RSUs redeemed to pay withholding or paid in cash (12) (68)
Repayment of debt (3,645) (3,443)
Net Cash Provided by (Used in) Financing Activities, Total 5,859 (2,053)
Effects of foreign exchange rate changes on cash (17) 1
Net change in cash, cash equivalents and restricted cash 7,641 594
Beginning cash, cash equivalents and restricted cash 11,437  
Ending cash, cash equivalents and restricted cash (note 14) $ 19,078 $ 9,703