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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES    
Earnings before income taxes $ 20,688 $ 35,970
Items not affecting cash:    
Depletion and depreciation 4,641 14,299
Finance expense, net (1,025) 2,957
Loss (gain) on derivative contracts 1,854 (1,875)
Share-based payments 1,287 837
Other provision revaluation 141 95
Loss on sale of asset   856
Impairment of exploration and evaluation asset   12,737
Impairment reversal of mineral properties and other assets   (23,699)
Unrealized foreign exchange loss 542 706
Non cash items including earnings before tax 28,128 42,883
Changes in non-cash working capital items:    
Trade and other receivables (8,870) 2,803
Inventories (10,889) (1,255)
Advances and prepaid expenses 298 (700)
Trade payables and accrued liabilities 8,063 (9,649)
Income tax paid (3,660)  
Cash provided by operating activities 13,070 34,082
INVESTING ACTIVITIES    
Expenditures on mineral properties, and plant and equipment (22,229) (13,140)
Expenditures on exploration and evaluation (16,099) (5,839)
Purchase of short-term investments (20,000)  
Interest received on short-term investments 33  
Cash used in investing activities (55,795) (12,378)
FINANCING ACTIVITIES    
Proceeds from equity financing, net of transaction costs 37,180 13,803
Proceeds from warrants exercise 2,803  
Proceeds from options exercise 130  
Interest paid (6) (597)
Loan facility extension fees   (602)
Repayment of loan facility   (10,223)
Repayment of debenture   (1,540)
Cash provided by financing activities 40,107 841
Effects of exchange rate changes on the balance of cash held in foreign currencies 215 (167)
(Decrease) increase in cash and cash equivalents (2,403) 22,378
Cash and cash equivalents, beginning of year 33,877 11,499
Cash and cash equivalents, end of year 31,474 33,877
Caballo Blanco Property    
INVESTING ACTIVITIES    
Caballo Blanco Property sale proceeds, net of transaction costs $ 2,500 9,153
Newstrike    
INVESTING ACTIVITIES    
Newstrike transaction costs   $ (2,552)