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Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Activities        
Net earnings $ 5,045 $ (822) $ 17,853 $ 9,441
Adjustment for non-cash items:        
Remeasurement gain on secured note (24,897) (56,463)
Gain on disposition of mineral interests (21,943)
Stock-based compensation 139 2,654 2,934
Other income - flow-through shares (786) (713) (966) (1,047)
Income tax expense 7,579 218 13,806 5,033
Unrealized foreign exchange loss 13,571 20,734
Other non-cash items (1,813) (113) (2,147) 305
Adjustment for cash items:        
Environmental rehabilitation disbursements (2,323) (1,471) (2,992) (1,952)
Changes in working capital items:        
Amounts receivable and prepaid expenses (2,513) (1,518) (894) (870)
Accounts payable and accrued liabilities 16,741 4,566 14,050 5,691
Net cash from (used in) operating activities 10,743 147 5,635 (2,408)
Investing Activities        
Investment in short-term deposits (189,599) (24,302) (308,238) (24,325)
Redemption of short-term deposits 171,382 200,643
Mineral interests, property and equipment (75,585) (25,550) (107,867) (45,335)
Interest paid (4,762)   (9,775)  
Long-term receivables (82) (5,573) (30,463) (8,012)
Investment in reclamation deposits (714) (828) (5,411) (8,278)
Cash proceeds from disposition of mineral interests   21,943
Net cash used in investing activities (99,360) (56,253) (261,111) (64,007)
Financing Activities        
Secured note 282,263
Share issuance net of costs (58) 11,801 22,081 43,028
Exercise of options   1,537 2,659 8,841
Exercise of warrants   7,825
Payment of lease liabilities (153) (20) (217) (57)
Net cash from (used in) financing activities (211) 13,318 306,786 59,637
Effects of exchange rate fluctuation on cash and cash equivalents 1,957 158 3,331 (161)
Net increase (decrease) in cash and cash equivalents during the period (86,871) (42,630) 54,641 (6,939)
Cash and cash equivalents, beginning of the period 153,035 53,219 11,523 17,528
Cash and cash equivalents, end of the period $ 66,164 $ 10,589 $ 66,164 $ 10,589