SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2022

SUPPLEMENTAL FINANCIAL INFORMATION

SUPPLEMENTAL FINANCIAL INFORMATION

21.SUPPLEMENTAL FINANCIAL INFORMATION

The components of operating expenses are as follows:

(in thousands)	2022		2021
Cost of goods and services sold:
Cost of goods sold-mineral concentrates	$	(444)	$	—
Operating Overheads:
Mining, other development expense		(660)		(2,630)
Milling, conversion expense		(3,104)		(2,697)
Less absorption:
- Mineral properties		68		46
- Milling		—		451
Cost of services-Closed Mines Services		(7,022)		(7,791)
Cost of goods and services sold		(11,162)		(12,621)
Reclamation asset amortization		(199)		(280)
Selling expenses		(48)		—
Sales royalties and non-income taxes		(216)		—
Operating expenses	$	(11,625)	$	(12,901)

The components of Other income (expense) are as follows:

(in thousands)	2022		2021
Gains (losses) on:
Foreign exchange	$	816	$	(1,295)
Disposal of property, plant and equipment		(25)		135
Fair value changes:
Investments-equity instruments (note 7)		(6,469)		10,454
Investments-uranium (note 7)		29,422		41,440
Warrants on investment (note 7)		1,625		1,149
Share purchase warrants (note 15)		20,337		(7,104)
Reclamation obligation adjustments (note 14)		4,126		585
Debt obligation adjustments (note 16)		—		4
Share purchase warrants issue expense (note 18)		—		(791)
Recognition of proceeds-U.I Repayment Agreement (note 25)		6,142		—
Uranium investment carrying charges		(374)		(223)
Other		(273)		(191)
Other income	$	55,327	$	44,163

The components of finance income (expense) are as follows:

(in thousands)	2022		2021
Interest income	$	1,419	$	383
Interest expense		(6)		(2)
Accretion expense:
Deferred revenue (note 12)		(2,774)		(3,098)
Post-employment benefits (note 13)		(22)		(23)
Reclamation obligations (note 14)		(1,444)		(1,343)
Debt obligations (note 16)		(32)		(44)
Finance expense, net	$	(2,859)	$	(4,127)

A summary of depreciation expense recognized in the statement of income (loss) is as follows:

(in thousands)	2022		2021
Operating expenses:
Mining, other development expense	$	(2)	$	(2)
Milling, conversion expense		(3,076)		(2,053)
Cost of services		(185)		(179)
Exploration		(266)		(180)
Evaluation		(270)		(36)
General and administrative		(144)		(114)
Depreciation expense-gross	$	(3,943)	$	(2,564)

A summary of employee benefits expense recognized in the statement of income (loss) is as follows:

(in thousands)	2022		2021
Salaries and short-term employee benefits	$	(12,416)	$	(9,358)
Share-based compensation (note 19)		(3,736)		(2,832)
Termination benefits		(2)		(125)
Employee benefits expense-gross	$	(16,154)	$	(12,315)

A summary of lease related amounts recognized in the statement of income (loss) is as follows:

(in thousands)	2022		2021
Accretion expense on lease liabilities	$	(32)	$	(44)
Expenses relating to short-term leases		(6,095)		(3,920)
Expenses relating to non-short term low-value leases		(1)		(6)
Lease related expense-gross	$	(6,128)	$	(3,970)

The change in non-cash operating working capital items in the consolidated statements of cash flows is as follows:

(in thousands)	2022		2021
Change in non-cash working capital items:
Trade and other receivables	$	(512)	$	(282)
Inventories		741		(410)
Prepaid expenses and other assets		129		(183)
Accounts payable and accrued liabilities		1,385		676
Change in non-cash working capital items	$	1,743	$	(199)

The supplemental cash flow disclosure required for the consolidated statements of cash flows is as follows:

(in thousands)	2022		2021
Supplemental cash flow disclosure:
Interest paid	$	(6)	$	(2)
Income taxes paid		—		—