XML 39 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net income (loss) for the year $ 276,167 $ (263,429)
Adjustments:    
Net finance expenses 40,313 39,907
Depreciation and depletion 39,384 63,929
Premium paid on foreign curency put option (680) 0
Impairment (reversal) loss on property, plant and equipment (240,593) 217,366
Share-based payment expense 868 983
Derivative gains (losses) 67 (127)
Foreign exchange gains (2,268) (12,252)
Deferred income taxes 20,720 0
Total operating activities before non-cash operating working capital 133,978 46,377
Changes in non-cash operating working capital:    
Amounts receivable (79) 890
Prepaid expenses and other 1,188 (830)
Inventories (18,399) 11,591
Accounts payable and accrued liabilities (4,110) (6,280)
Cash flows from (used in) operating activities 112,578 51,748
Investing activities:    
Restricted cash (10,125) (15,019)
Interest income 202 170
Purchase of property, plant and equipment (43,820) (38,837)
Cash flows from (used in) investing activities (53,743) (53,686)
Financing activities:    
Payment of lease liabilities (422) (679)
Proceeds from settlement of currency contracts 0 3,019
Provided by revolving credit facility 0 32,074
Provided by Dunebridge revolving credit facility   3,019
Provided by Dunebridge term facility 37,505  
Repayment of Dunebridge term facility (38,855)  
Repayment of Dunebridge revolving credit facility (31,548)  
Financing costs (36,474) (35,424)
Cash flows from (used in) financing activities (69,794) 2,009
Effect of foreign exchange rate changes on cash 807 330
(Decrease) increase in cash (10,152) 401
Cash, beginning of year 35,152 34,751
Cash, end of year $ 25,000 $ 35,152