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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net loss for the year $ (160,576) $ (30,066)
Adjustments for the following items:    
Depletion and amortization 15,795 7,973
Income tax recovery (1,610) (1,002)
Accretion and decommissioning costs 203 166
Share-based payments 4,349 4,221
Provision on other long-term liabilities 7 1
Deferred costs on convertible debenture 47 18
Deferred revenue (4,027)
Interest and financing expense 3,058
Cash payments to bond on decommissioning costs (83)
Net charges on post-employment benefit obligations (67) 732
Inventory write-downs 40,711
Impairment to property, plant and equipment 55,979
Loss on metals contract liability 20,780
Other loss (gain) on derivatives (1,564) 713
Total adjustments (26,915) (17,327)
Changes in non-cash working capital items:    
Trade and other receivables (3,106) 510
Inventories (19,946) (910)
Prepaid expenses (226) (286)
Trade and other payables (752) (908)
Net cash used in operating activities (50,945) (18,921)
Investing activities    
Expenditures on property, plant and equipment (12,646) (11,571)
Development costs on Relief Canyon Mine (1,432) (58,929)
Net cash used in investing activities (14,078) (70,500)
Financing activities    
Repayments to Glencore pre-payment facility (1,411) (2,740)
Lease payments (3,227) (3,353)
Financing from RoyCap convertible debenture 14,911
At-the-market offerings 30,224 14,276
Bought deal public offerings 24,987 47,355
Sandstorm private placement 2,478
Loan payable (6,116) 3,800
Government loan 4,499
Promissory note 5,000
Proceeds from exercise of options and warrants 172 149
Contribution from non-controlling interests 1,400 4,987
Net cash generated from financing activities 63,418 73,973
Effect of foreign exchange rate changes on cash (200) 155
Decreased in cash and cash equivalents (1,805) (15,293)
Cash and cash equivalents, beginning of year 4,705 19,998
Cash and cash equivalents, end of year 2,900 4,705
Interest paid during the year $ 1,778 $ 1,624