XML 89 R3.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
(Loss) earnings before income taxes $ (140,975) $ (12,396) $ 20,688
Items not affecting cash:      
Impairment of assets 124,148 8,963  
Depletion and depreciation 9,170 8,600 4,641
Share-based payments 10 894 1,287
Finance expense (income), net 2,802 (2,286) (1,025)
Loss on sale of assets 783 1,589  
Unrealized gain on reclamation bonds (693)    
Unrealized (gain) loss on derivative contracts   (9,653) 1,854
Other provision revaluation     141
Unrealized foreign exchange (gain) loss (275) 29 542
Non cash items including earnings before tax (5,030) (4,260) 28,128
Changes in non-cash working capital items:      
Trade and other receivables 4,644 (2,694) (8,870)
Inventories 7,553 (13,108) (10,889)
Advances and prepaid expenses (745) 902 298
Trade payables and accrued liabilities (6,187) 2,934 8,063
Income tax paid   (2,167) (3,660)
Cash provided by (used in) operating activities 235 (18,393) 13,070
INVESTING ACTIVITIES      
Expenditures on mineral properties, property, plant and equipment (9,993) (14,242) (22,229)
Expenditures on exploration and evaluation (5,076) (15,283) (16,099)
Proceeds received on equipment sale 2,000    
Reclamation bond deposit (809)    
Reclamation bond refund 119 5,086  
Proceeds from Coeur shares sale, net of transaction costs   17,815  
Short-term investments maturity (purchase)   20,000 (20,000)
Interest received on short-term investments   236 33
Cash acquired in connection with Rye Patch, net of cash consideration paid   10,943  
Caballo Blanco Property sale proceeds     2,500
Cash (used in) provided by investing activities (13,759) 24,555 (55,795)
FINANCING ACTIVITIES      
Repayment of equipment loans payable (3,223) (396)  
Repayment of lease liabilities (2,178)    
Interest payments on lease liabilities (714)    
Interest payments on equipment loans and other financial liability (363) (55)  
Interest payments on loan facility (200)    
Funds received on loan facility, net of transaction costs 14,773    
Proceeds from equipment financing, net of transaction costs   2,200  
Credit facility interest and principal payment   (17,254) (6)
Credit facility amendment fees   (165)  
Proceeds from equity financing, net of transaction costs     37,180
Proceeds from warrant and options exercise     2,933
Cash provided by (used in) financing activities 8,095 (15,670) 40,107
Effects of exchange rate changes on the balance of cash held in foreign currencies 18 12 215
Decrease in cash and cash equivalents (5,411) (9,496) (2,403)
Cash and cash equivalents, beginning of year 21,978 31,474 33,877
Cash and cash equivalents, end of year $ 16,567 $ 21,978 $ 31,474