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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities    
Net income (loss) $ 895 $ (14,942)
Adjustment for non-cash items:    
Gain on disposition of mineral interests (21,943)  
Stock-based compensation 3,506 8,804
Environmental rehabilitation expense 5,377  
Other income - flow-through shares (2,373) (1,676)
Unrealized gain on convertible notes receivable (104)  
Income tax expense (recovery) 4,630 (800)
Equity loss of associate 221 187
Finance costs adjustments 294 887
Depreciation on right-of-use assets 85 36
Adjustment for cash items:    
Environmental rehabilitation disbursements (3,320) (811)
Changes in working capital items:    
Amounts receivable and prepaid expenses (5,056) (1,696)
Accounts payable and accrued liabilities 6,090 266
Net cash used in operating activities (11,698) (9,745)
Investing Activities    
Mineral interests (43,587) (158,795)
Cash proceeds from disposition of mineral interests 21,943  
Investment in security deposits (8,465) (5,440)
Investment in short-term deposits (24,349) (29,816)
Redemption of short-term deposits 15,011 14,024
Property and equipment (30,024)  
Investment in associate (39) (437)
Long-term receivables (9,172)  
Net cash used in investing activities (78,682) (180,464)
Financing Activities    
Share issuance, net of costs 59,104 195,440
Exercise of options 17,707 4,302
Warrant exercises 7,825  
Payment of lease liabilities (77) (21)
Net cash from financing activities 84,559 199,721
Effects of exchange rate fluctuation on cash and cash equivalents (184) (777)
Net (decrease) increase in cash and cash equivalents during the year (6,005) 8,735
Cash and cash equivalents, beginning of the year 17,528 8,793
Cash and cash equivalents, end of the year $ 11,523 $ 17,528