Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Cash Flow

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Unaudited Consolidated Statements of Cash Flow - USD ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash provided by (used for): Operating activities    
Net income (loss) for the year $ (14,251,000) $ (5,868,000)
Items not affecting cash:    
Stock based compensation 490,000 464,000
Net realizable value adjustments 3,508,000 4,456,000
Amortization of mineral properties 1,017,000 1,254,000
Depreciation of capital assets 892,000 910,000
Accretion expense 246,000 288,000
Amortization of deferred loan costs 24,000 35,000
Gain on loan forgiveness (903,000) 0
Provision for reclamation 0 3,000
Mark to market loss (gain) 6,324,000 (42,000)
Gain on sale of assets 0 (16,000)
Unrealized foreign exchange loss (gain) 369,000 (7,000)
Accounts receivable (5,000) 14,000
Inventory (3,616,000) (4,515,000)
Prepaid expenses (246,000) (67,000)
Accounts payable and accrued liabilities 360,000 36,000
Operating activities (5,791,000) (3,055,000)
Investing activities    
Decrease (increase) in bonding and other deposits 0 (5,000)
Proceeds from sale of capital assets 0 18,000
Purchase of capital assets (39,000) (34,000)
Investing activities (39,000) (21,000)
Financing activities    
Issuance of common shares and warrants for cash 22,167,000 0
Share issue costs (1,525,000) 0
Proceeds from exercise of warrants and stock options 2,359,000 0
Proceeds from debt financing 0 893,000
financing activities 23,001,000 893,000
Effects of foreign exchange rate changes on cash 53,000 (2,000)
Increase (decrease) in cash, cash equivalents, and restricted cash 17,224,000 (2,185,000)
Beginning cash, cash equivalents, and restricted cash 12,127,000 15,215,000
Ending cash, cash equivalents, and restricted cash $ 29,351,000 $ 13,030,000