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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (18,115) $ (85,330)
Adjustments to reconcile net loss for the period to net cash used in operating activities:    
Non-cash portion of interest expense - Note 9 9,215 30,376
Non-cash (gain) loss on fair value adjustment for warrant liabilities - Note 11 (10,144) 922
Write-down of production inventories - Note 4 0 17,924
Depreciation and amortization 3,102 2,753
Stock-based compensation - Note 14 1,586 592
Accretion - Note 12 204 187
Phantom share compensation 0 225
Changes in operating assets and liabilities:    
Accounts receivable (1,037) (275)
Production-related inventories, current and non-current (6,285) (24,787)
Materials and supplies inventories (762) (2,484)
Prepaids and other assets, current and non-current (3,045) (4,766)
Accounts payable and accrued expenses 3,010 7,807
Other liabilities, current and non-current 954 (786)
Net cash used in operating activities (21,317) (57,642)
Cash flows used in investing activities:    
Additions to plant, equipment, and mine development (9,065) (11,704)
Net cash used in investing activities (9,065) (11,704)
Cash flows from financing activities:    
Principal payments on debt (583) 0
Proceeds from Sprott Royalty Obligation - Note 10 0 30,000
Proceeds from Recapitalization Transaction 0 10,419
Transaction and issuance costs 0 (15,138)
Net cash (used in) provided by financing activities (583) 107,303
Net (decrease) increase in cash and restricted cash (30,965) 37,957
Cash and restricted cash, beginning of period 96,040 48,967
Cash and restricted cash, end of period 65,075 86,924
Reconciliation of cash and restricted cash:    
Cash 30,220 47,293
Restricted cash - non-current 34,855 39,631
Total cash and restricted cash 65,075 86,924
Sprott Credit Agreement    
Cash flows from financing activities:    
Proceeds from issuance of debt 0 68,600
The 1.25 Lien Notes    
Cash flows from financing activities:    
Proceeds from issuance of debt 0 44,841
First Lien Agreement    
Cash flows from financing activities:    
Repayment of debt 0 (125,468)
Promissory Note    
Cash flows from financing activities:    
Repayment of debt 0 (6,914)
Private Placement    
Cash flows from financing activities:    
Proceeds from issuance of equity 0 75,963
Forward purchase contract    
Cash flows from financing activities:    
Proceeds from issuance of equity $ 0 $ 25,000