Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Consolidated Statements of Cash Flow

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Unaudited Interim Consolidated Statements of Cash Flow (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash provided by (used in) Operating activities    
Net loss for the period $ (1,948) $ (7,195)
Items not affecting cash:    
Stock based expense 293 365
Depreciation and amortization 1,939 79
Non-cash interest expense 38 0
Warrant mark to market loss 263 0
RSUs redeemed for cash (66) (39)
Proceeds from assignment of sales contract 0 5,143
Change in non-cash working capital items:    
Accounts receivable 1,488 (11)
Inventory (1,863) 0
Prepaid expenses (51) (236)
Accounts payable and accrued liabilities 1,149 902
Net Cash Provided by (Used in) Operating Activities, Total 1,242 (992)
Investing activities    
Mineral property costs (57) 0
Purchase of short-term investments 0 (25)
Sale of short-term investments 0 3,121
Increase in restricted cash 0 (3,001)
Funding of equity investment (4) 0
Purchase of capital assets (297) (6,495)
Net Cash Provided by (Used in) Investing Activities, Total (358) (6,400)
Financing activities    
Issuance of common shares and warrants for cash 0 0
Share issue costs 43 0
Proceeds from exercise of stock options 834 0
Proceeds from debt financing 1,500 0
Cost of debt financing (37) 0
Repayment of debt (76) (28)
Net Cash Provided by (Used in) Financing Activities, Total 2,264 (28)
Effects of foreign exchange rate changes on cash (103) (173)
Net change in cash and cash equivalents 3,045 (7,593)
Beginning cash and cash equivalents 1,627 11,536
Ending cash and cash equivalents $ 4,672 $ 3,943