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Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2019
May 31, 2018
OPERATING ACTIVITIES    
Loss for the period $ (13,137) $ (37,605)
Add items not affecting cash:    
Depreciation 187 251
Interest expense 7,331 14,938
Unrealized foreign exchange gain (loss) 99 (116)
Loss on assets held for sale   2,305
Gain (Loss) on fair value of convertible debt derivatives 839 (2,687)
(Gain) Loss on marketable securities (609) 692
Stock compensation expense 521 62
Net change in non-cash working capital 747 117
Net cash flows from (used in) operating activities (4,022) (22,043)
FINANCING ACTIVITIES    
Share issuance - warrant exercise 1,646 0
Proceeds from issuance of equity 4,155 19,882
Equity issuance costs (153) (2,120)
Cash received from sale of Maseve   62,000
Interest paid   (1,014)
Cash proceeds from debt   10,000
Debt principal repayments (8,023) (75,251)
Cash received from Waterberg partners 2,367  
Costs associated with the debt (3) (899)
Net cash flows from (used in) financing activities (11) 12,598
INVESTING ACTIVITIES    
Proceeds from partial sale of interest in Waterberg   17,190
Restricted cash (Waterberg)   (5,000)
Cash received from sale of marketable securities 7,951  
Expenditures from restricted cash (Waterberg) 126 4,002
Fees paid on asset held for sale   (1,000)
Proceeds from the sale of concentrate   2,016
Waterberg exploration expenditures (6,139) (5,759)
Net cash flows from (used in) investing activities 1,938 11,449
Net decrease in cash and cash equivalents (2,095) (7,510)
Effect of foreign exchange on cash and cash equivalents 330 (189)
Cash and cash equivalents, beginning of period 3,017 3,414
Cash and cash equivalents, end of period $ 1,252 $ 5,229