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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities:    
Net loss for the period $ (167,928) $ (141,213)
Adjustments for:    
Loss due to loss of control of subsidiaries   143,261
Share of net loss related to joint venture 126,264 1,050
Depreciation and depletion 98 41,991
Share-based payments 1,789 1,645
Interest and other income (871) (5,555)
Finance expense 35,640 10,737
Deferred income tax expense   11,430
Unrealized foreign exchange loss (gain) 20 (48)
Operating cash flow before working capital changes (4,988) 63,298
Change in non-cash working capital (3,760) (29,869)
Cash provided by (used in) operating activities (8,748) 33,429
Investing activities:    
Expenditures on mineral properties, plant and equipment (39) (53,912)
Gold Fields investment in joint venture 20,000 165,000
Redemption of preferred shares in joint venture 10,000  
Joint venture transaction costs paid   (4,795)
Cash and cash equivalents derecognized on loss of control   (24,368)
Interest received 210 383
Cash provided by investing activities 30,171 82,308
Financing activities:    
Shares issued for cash under private placement, net of share issuance costs   17,412
Shares issued for cash on exercise of share-based options 332  
Shares repurchased under normal course issuer bid (958)  
Office lease payments (39)  
Repayment of long-term debt   (163,754)
Interest and associated withholding tax paid   (8,299)
Cash used in financing activities (665) (154,641)
Impact of foreign exchange on cash and cash equivalents (7) (68)
Increase (decrease) in cash and cash equivalents during the year 20,751 (38,972)
Cash and cash equivalents, beginning of year 10,358 49,330
Cash and cash equivalents, end of year $ 31,109 $ 10,358