Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents (note 4) $ 3,879,000 $ 1,552,000
Accounts receivable 33,000 16,000
Inventory (note 5) 4,515,000 4,109,000
Prepaid expenses 741,000 829,000
Assets, Current, Total 9,168,000 6,506,000
Restricted cash (note 6) 7,558,000 7,557,000
Mineral properties (note 7) 44,677,000 47,029,000
Capital assets (note 8) 26,961,000 28,848,000
Assets, Noncurrent, Total 79,196,000 83,434,000
Assets, Total 88,364,000 89,940,000
Current liabilities    
Accounts payable and accrued liabilities (note 9) 3,039,000 3,625,000
Current portion of notes payable (note 10) 4,774,000 4,502,000
Environmental remediation accrual 72,000 85,000
Liabilities, Current, Total 7,885,000 8,212,000
Notes payable (note 10) 14,662,000 19,435,000
Asset retirement obligations (note 12) 27,036,000 26,061,000
Liabilities 49,583,000 53,708,000
Share Capital    
Common shares, without par value, unlimited shares authorized; shares issued and outstanding: 146,531,933 at December 30, 2017 and 143,676,384 at December 31, 2016 177,063,000 174,902,000
Warrants 4,109,000 4,109,000
Contributed surplus 15,454,000 15,201,000
Accumulated other comprehensive income 3,663,000 3,604,000
Deficit (161,508,000) (161,584,000)
Stockholders'Equity Attributable to Parent, Total 38,781,000 36,232,000
Liabilities and Equity, Total 88,364,000 89,940,000
Preferred Class A    
Share Capital    
Class A preferred shares, without par value, unlimited shares authorized; no shares issued and outstanding