XML 27 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
OPERATING ACTIVITIES    
Loss for the year $ (7,097) $ (4,426)
Items not involving cash:    
Amortization 121 106
Change in fair value of warrants 39
Deferred income tax expense (benefit) 1,026 (131)
Equity pick up from Investment in Juanicipio (2,214) (1,884)
Share based payment expense 3,122 2,572
Unrealized foreign exchange (gain) loss (738) 255
Accounts receivable (201) 288
Prepaid expenses (241) 58
Trade and other payables 8 (84)
Net cash used in operating activities (6,214) (3,207)
INVESTING ACTIVITIES    
Exploration and evaluation expenditures (4,873) (3,230)
Investment in Juanicipio (64,270) (53,549)
Proceeds from disposition of equity securities 3,905
Purchase of equipment (74) (354)
Net cash used in investing activities (65,312) (57,133)
FINANCING ACTIVITIES    
Issuance of common shares upon exercise of stock options 3,337 2,819
Issuance of common shares, net of share issue costs 89,164
Payment of lease obligation (principal) (72) (71)
Net cash provided by financing activities 92,429 2,748
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 745 (228)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 21,648 (57,820)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 72,360 130,180
CASH AND CASH EQUIVALENTS, END OF YEAR $ 94,008 $ 72,360