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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ (3,121) $ 882
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income taxes (4,650) 895
Depreciation and amortization 7,535 3,763
Stock-based compensation 470 336
Other operating adjustments 1,780 (128)
Changes in operating assets and liabilities:    
Accounts receivable 4,320 (2,771)
Inventories (3,495) (6,324)
Prepaid expenses and other current assets 175 221
Other non-current assets 921 40
Accounts payable and other accrued liabilities (802) 3,222
Mining royalty and income taxes payable, net 1,844 (784)
Net cash provided by operating activities 4,977 (648)
Cash flows from investing activities:    
Capital expenditures (6,929) (8,786)
Other investing activities 1 1
Net cash used in investing activities (6,928) (8,785)
Cash flows from financing activities:    
Proceeds from the exercise of stock options   98
Proceeds from issuance of stock 10,350 10,806
Dividends paid (657) (303)
Repayment of loans payable (216) (187)
Repayment of finance leases (109) (101)
Net cash provided by (used in) financing activities 9,368 10,313
Effect of exchange rate changes on cash and cash equivalents (127) (115)
Net increase (decrease) in cash and cash equivalents 7,290 765
Cash and cash equivalents at beginning of period 11,076 7,762
Cash and cash equivalents at end of period 18,366 8,527
Supplemental Cash Flow Information    
Interest expense paid 32 42
Income and mining taxes paid 197 209
Non-cash investing activities:    
Change in capital expenditures in accounts payable (950) 2,303
Change in estimate for asset retirement costs $ 435 462
Equipment purchased through loan payable   $ 330