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STATEMENTS OF CASH FLOWS - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOW FROM (USED IN) OPERATING ACTIVITIES    
Net profit (loss) $ (91,363) $ (26,668)
Adjustments for:    
Depletion and depreciation (note 7) 120,652 136,518
Impairment (reversal) and (gain) loss on dispositions (note 7) 69,822 (93,333)
Accretion on decommissioning obligations (note 9) 1,287 1,713
Non-cash financing and accretion (note 8) 4,803 3,323
Share-based compensation (note 12) 699 3,936
Unrealized (gain) loss on commodity contracts (note 17) (45,238) 29,525
Unrealized foreign exchange (gain) loss (note 15) (18,298) (7,918)
Loss on marketable securities 461 678
Deferred tax expense (recovery) (note 13) 15,415 (6,858)
Decommissioning costs incurred (note 9) (2,758) (2,927)
Change in non-cash working capital (note 20) (272) (443)
Cash flows from (used in) operating activities 55,210 37,546
CASH FLOW FROM (USED IN) FINANCING ACTIVITIES    
Issuance of share capital, net of issue costs (note 11) 4 37,825
Issuance of Convertible Debentures, net of issue costs (note 8) 0 47,610
Issuance of Senior Notes, net of issue costs (note 8) 0 (55)
Settlement of share based payments (1,246) (730)
Advances from (repayment of) loans and borrowings 32,923 (321,601)
Financing obligations (note 10) (7,558) (3,997)
Deferred lease inducements (note 10) (366) (340)
Drawdown deferred capital obligations (14,693) (3,291)
Change in non-cash working capital (note 20) (16,353) (601)
Cash flows from (used in) financing activities 25,417 (243,978)
CASH FLOW FROM (USED IN) INVESTING ACTIVITIES    
Expenditure on exploration and evaluation assets (note 6) (1,664) (2,349)
Additions to property, plant and equipment (note 7) (121,586) (76,531)
Proceeds on sale of property, plant and equipment 48,370 296,638
Proceeds on sale of marketable securities 3,861 0
Change in non-cash working capital (note 20) (9,608) (11,326)
Cash flows from (used in) investing activities (80,627) 206,432
Change in cash 0 0
Cash, beginning of year 0 0
Cash, end of year 0 0
Cash paid:    
Interest 33,930 40,464
Taxes $ 0 $ 0