Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flow

v3.3.1.900
Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash provided by (used in) Operating activities      
Net loss for the year $ (795) $ (8,749) $ (30,353)
Items not affecting cash:      
Stock based expense 893 928 1,153
Depreciation and amortization 6,504 7,643 537
Non-cash interest expense     3,881
Accretion of asset retirement obligation 515 497 27
Amortization of deferred loan costs 177 7  
Provision for reclamation 1   9
Write-off of investments     1,006
Write-off of mineral properties   483 1,430
Gain on foreign exchange     (156)
Warrants mark to market gain (loss) (307) (946)  
Gain (loss) on disposition of assets (5)   1
Other loss 8 3 18
Income tax recovery (3,345)    
RSUs redeemed for cash (142) (66) (64)
Proceeds from assignment of sales contract   (2,508) 2,508
Change in non-cash working capital items:      
Accounts receivable 19 5,772 (5,720)
Inventory 1,823 (3,115) (1,433)
Prepaid expenses 125 252 (1,414)
Accounts payable and accrued liabilities (131) 1,736 800
Accrued income taxes 30    
Net Cash Provided by (Used in) Operating Activities, Total $ 5,370 1,937 (27,770)
Investing activities      
Mineral property costs   $ (65) $ (5,319)
Purchase of short-term investments
Sale of short-term investments     $ 6,593
Increase in restricted cash $ (1) $ (2,500) (3,001)
Funding of equity investment (8) (7) (9)
Proceeds from sale of property and equipment 26    
Purchase of capital assets (77) (436) (23,990)
Net Cash Provided by (Used in) Investing Activities, Total (60) (3,008) (25,726)
Financing activities      
Issuance of common shares and warrants for cash     5,482
Share issue costs   (50) (238)
Proceeds from exercise of stock options 410 1,347 275
Proceeds from debt financing   5,000 75,100
Cost of debt financing   (135) (403)
Repayment of debt (7,374) (3,585) (36,425)
Net Cash Provided by (Used in) Financing Activities, Total (6,964) 2,577 43,791
Effects of foreign exchange rate changes on cash (7) (29) (204)
Net change in cash and cash equivalents (1,661) 1,477 (9,909)
Beginning cash and cash equivalents 3,104 1,627 11,536
Ending cash and cash equivalents 1,443 3,104 1,627
Total Interest paid $ 2,385 $ 2,526 $ 3