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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities    
Net earnings (loss) for the year $ (12,439) $ 9,684
Items not affecting cash:    
Share-based compensation 2,426 2,861
Depreciation and depletion 38,777 16,990
Deferred income tax expense (recovery) (9,749) (6,425)
Unrealized foreign exchange loss (gain) 41 (403)
Finance costs 150 715
Write off of IVA receivable 194  
Write off of mineral properties 0 233
Write down of inventory to net realizable value 2,676  
(Gain) loss on available for sale assets   (72)
Unrealized loss (gain) on other investments 80  
Net changes in non-cash working capital 4,492 (7,993)
Cash from operating activities 26,648 15,590
Investing activites    
Property, plant and equipment expenditures (40,398) (39,835)
Proceeds from disposition of other investments   72
Redemption of (investment in) non-current deposits 1 49
Cash used in investing activities (40,397) (39,714)
Financing activities    
Repayment of credit facility   (9,000)
Restricted cash 1,000 (1,000)
Interest paid   (461)
Public equity offerings 8,273  
Exercise of options 256 142
Share issuance costs (640)  
Cash from (used in) financing activites 8,889 (10,319)
Effect of exchange rate change on cash and cash equivalents (41) 403
Increase (decrease) in cash and cash equivalents (4,860) (34,443)
Cash and cash equivalents, beginning of the year 38,277 72,317
Cash and cash equivalents, end of the year $ 33,376 $ 38,277