Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents (note 4) $ 1,443 $ 3,104
Accounts receivable 9 28
Inventory (note 5) 3,345 5,168
Prepaid expenses 916 856
Assets, Current, Total 5,713 9,156
Restricted cash (note 6) 7,557 7,556
Mineral properties (note 7) 50,610 52,750
Capital assets (note 8) 30,788 32,993
Equity investment (note 9) 1,089 1,090
Assets, Noncurrent, Total 90,044 94,389
Assets, Total 95,757 103,545
Current liabilities    
Accounts payable and accrued liabilities (note 10) 4,567 4,532
Current portion of notes payable (note 11) 8,527 7,184
Accrued federal income tax 43  
Environmental remediation accrual 86 85
Liabilities, Current, Total 13,223 11,801
Notes payable (note 11) 23,937 32,477
Deferred income tax liability (note 12)   3,345
Asset retirement obligations (note 13) 26,061 23,445
Other liabilities - warrants (note 14) 35 376
Liabilities, Noncurrent, Total 50,033 59,643
Liabilities 63,256 71,444
Share Capital    
Common shares, without par value, unlimited shares authorized; shares issued and outstanding: 130,188,775 at December 31, 2015 and 129,365,076 at December 31, 2014 168,911 168,118
Warrants 4,175 4,175
Contributed surplus 14,632 14,250
Accumulated other comprehensive income 3,357 3,337
Deficit (158,574) (157,779)
Stockholders'Equity Attributable to Parent, Total 32,501 32,101
Liabilities and Equity, Total $ 95,757 $ 103,545