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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities    
Net loss $ (11,613) $ (19,940)
Adjustment for non-cash items:    
Stock-based compensation 5,397 5,178
Provision for environmental rehabilitation 7,439
Other income - flow-through shares (1,218) (6,312)
Income tax (recovery) expense (697) 4,967
Impairment of investment in associate 1,336
Equity loss of associate 200 160
Finance costs 122 167
Depreciation charge on right-of-use assets 36
Adjustment for cash items:    
Environmental rehabilitation disbursements (1,325) (2,022)
Changes in working capital items:    
Amounts receivable and prepaid expenses (1,664) (997)
Accounts payable and accrued liabilities (134) 947
Net cash used in operating activities before income tax recovered (10,896) (9,077)
Income tax recovered (328)
Net cash used in operating activities (10,896) (9,405)
Investing Activities    
Mineral interests (27,201) (37,068)
Investment in short-term deposits (18,133) (28,000)
Redemption of short-term deposits 31,087 22,988
Investment in convertible notes receivable (529)
Investment in associate (101) (530)
Investment in reclamation deposits (4) (38)
Cash proceeds from sale of investments 110
Net cash used in investing activities (14,771) (42,648)
Financing Activities    
Share issuance net of costs 26,328 41,596
Exercise of options 5,228 9,336
Payment of lease liabilities (24)
Net cash from financing activities 31,532 50,932
Net increase (decrease) in cash and cash equivalents during the year 5,865 (1,121)
Cash and cash equivalents, beginning of the year 2,928 4,049
Cash and cash equivalents, end of the year $ 8,793 $ 2,928