Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents (note 5) $ 1,627 $ 11,536
Short-term investments 0 6,460
Accounts receivable (note 6) 5,802 17
Inventory (Note 7) 2,053 0
Current deferred financing costs (note 13) 183 0
Prepaid expenses 767 197
Assets, Current, Total 10,432 18,210
Restricted cash (note 8) 5,055 2,054
Mineral properties (note 9) 52,702 33,501 [1]
Capital assets (note 10) 35,250 11,756
Equity investment (note 11) 1,085 2,632
Deposits 0 1,330
Deferred financing costs (note 13) 812 0
Assets, Noncurrent, Total 94,904 51,273
Assets, Total 105,336 69,483
Current liabilities    
Accounts payable and accrued liabilities (note 12) 2,928 2,488
Current portion of notes payable (note 13) 5,153 114
Reclamation obligation 85 76
Liabilities, Current, Total 8,166 2,678
Notes payable (note 13) 34,000 211
Deferred income taxes (note 14) 3,345 0
Deferred revenue (note 15) 2,508 0
Asset retirement obligations (note 16) 17,279 957
Other liabilities (note 17) 1,374 0
Liabilities, Noncurrent, Total 58,506 1,168
Liabilities 66,672 3,846
Commitments (note 22)      
Share Capital    
Class A preferred shares, without par value, unlimited shares authorized. No shares issued and outstanding 0 0
Common shares, without par value, unlimited shares authorized. Shares issued and outstanding: 127,559,743 at December 31, 2013 and 121,134,276 at December 31, 2012 165,974 160,896
Warrants 4,175 61
Contributed surplus 14,247 13,688
Accumulated other comprehensive income 3,298 9,669
Deficit (149,030) (118,677)
Stockholders'Equity Attributable to Parent, Total 38,664 65,637
Liabilities and Equity, Total $ 105,336 $ 69,483
[1] As a result of the change in reporting balances, the above was restated to reflect the change from Canadian reporting currency to U.S. dollar reporting currency.