XML 27 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ (3,038) $ 5,339
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax benefit (1,101) (74)
Depreciation and amortization, including amortization in reclamation 19,936 11,405
Stock-based compensation 1,617 711
Other operating adjustments (1,294) 475
Changes in operating assets and liabilities:    
Accounts receivable 4,931 (721)
Inventories (2,339) (810)
Prepaid expenses and other current assets (1,404) (1,038)
Accounts payable and other accrued liabilities (3,032) 2,730
Mining royalty and income taxes payable, net (6,362) 3,855
Net cash provided by operating activities 7,914 21,872
Cash flows from investing activities:    
Capital expenditures (14,123) (15,217)
Equity investment (1,743)  
Proceeds from the sale of gold and silver rounds 533  
Net cash used in investing activities (15,333) (15,217)
Cash flows from financing activities:    
Proceeds (for) from the exercise of stock options (376) 263
Dividends paid (2,651) (2,481)
Other financing activities   3
Net cash used in financing activities (3,027) (2,215)
Effect of exchange rate changes on cash and cash equivalents (735) (301)
Net (decrease) increase in cash and cash equivalents (11,181) 4,139
Cash and cash equivalents at beginning of period 33,712 25,405
Cash and cash equivalents at end of period $ 22,531 $ 29,544