Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flow

v2.4.0.8
Consolidated Statements of Cash Flow (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash provided by (used in)      
Net loss for the year $ (30,353) $ (17,558) $ (16,443)
Items not affecting cash:      
Stock based expense 1,153 2,410 2,479
Depreciation of capital assets 537 530 481
Non-cash borrowing costs 3,908 0 0
Provision for reclamation 9 (97) 45
Write off of investments 1,006 0 0
Write-off of mineral properties 1,430 0 0
Foreign exchange loss (gain) (156) 383 (186)
Loss (gain) on disposition of assets 1 (968) 4
Other loss (income) 18 69 395
RSUs redeemed for cash (64) (18) 0
Proceeds from assignment of sales contract 2,508 0 0
Change in non-cash working capital items:      
Accounts receivable (5,720) (1) 4
Inventory (1,433) 0 0
Prepaid expenses (1,414) (85) (6)
Accounts payable and accrued liabilities 800 615 134
Net Cash Provided by (Used in) Operating Activities, Total (27,770) (14,722) (13,093)
Investing activities      
Mineral property costs (5,319) (320) (158)
Purchase of short-term investments 0 (10,195) (6,975)
Sale of short-term investments 6,593 10,631 5,190
Decrease (increase) in restricted cash (3,001) 2,198 (447)
Deposit for Pathfinder acquisition 0 (1,338) 0
Funding of equity investment (9) (27) (29)
Purchase of capital assets (23,990) (6,958) (770)
Net Cash Provided by (Used in) Investing Activities, Total (25,726) (6,009) (3,189)
Financing activities      
Issuance of common shares and warrants for cash 5,482 17,210 0
Share issue costs (238) (1,003) 0
Proceeds from exercise of warrants and stock options 275 75 3,396
Proceeds from debt financing 75,100 0 0
Cost of debt financing (403) 0 0
Repayment of debt (36,425) (28) 0
Net Cash Provided by (Used in) Financing Activities, Total 43,791 16,254 3,396
Effects of foreign exchange rate changes on cash (204) 159 27
Net change in cash and cash equivalents (9,909) (4,318) (12,859)
Beginning cash and cash equivalents 11,536 15,854 28,713
Ending cash and cash equivalents 1,627 11,536 15,854
Total Interest paid $ 1,056 $ 3 $ 0