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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities:    
Net income for the year $ 17,152 $ 4,798
Adjustments:    
Net financing (income) expenses 52,219 (122)
Depreciation and depletion 44,634 16
Share-based payment expense 1,582 469
Derivative gain (3,178) (6,028)
Foreign exchange gain (30,035) (4,835)
Changes in non-cash operating working capital:    
Amounts receivable (643) (149)
Prepaid expenses and other (2,146) (497)
Inventories (53,534) (11,730)
Accounts payable and accrued liabilities 16,600 171
Cash flows from (used in) operating activities 42,651 (17,907)
Investing activities:    
Interest received 1,081 976
Restricted cash 83,878 10,634
Pre-production sales capitalized 67,493 3,622
Amounts receivable 0 (539)
Capitalized interest paid (5,451) (25,007)
Payments for property, plant and equipment (105,824) (195,254)
Cash flows from (used in) investing activities 41,177 (205,568)
Financing activities:    
Loan facility proceeds 32,403 223,600
Repayment of loan facility (458,888) 0
Secured notes payable 424,365 0
Financing costs (48,150) (2,980)
Proceeds from option exercises 1,577 483
Cash flows from (used in) financing activities (48,693) 221,103
Effect of foreign exchange rate changes on cash 1,150 134
Increase in cash 36,285 (2,238)
Cash, beginning of year 6,844 9,082
Cash, end of year $ 43,129 $ 6,844