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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Income / (loss) from continuing operations $ (79,197,000) $ 76,620,000
Items not affecting cash    
Depletion, depreciation and amortization 6,184,000 361,000
Non-cash share-based payments 2,915,000 2,683,000
Non-cash items included in other income 8,066,000 (126,321,000)
Related party interest expense 0 1,177,000
Loss on foreign exchange 403,000 200,000
Finance expense 20,460,000 0
Deferred taxes (11,833,000) 19,853,000
Increase in working capital 7,160,000 2,872,000
Cash used in operating activities of continuing operations (45,842,000) (22,555,000)
Cash provided by operating activities of discontinued operations 0 9,548,000
Cash used in operating activities (45,842,000) (13,007,000)
INVESTING ACTIVITIES    
Capital expenditures on property, plant and equipment (50,221,000) (6,015,000)
Net cash on asset exchange 0 5,100,000
Environmental liability security (2,125,000) (30,177,000)
Reclamation expenditures (622,000) 0
Other assets (1,767,000) 0
Purchase of investments 0 (1,954,000)
Cash used in investing activities of continuing operations (54,735,000) (131,440,000)
Cash used in investing activities of discontinued operations 0 (6,146,000)
Cash used in investing activities (54,735,000) (137,586,000)
FINANCING ACTIVITIES    
Share issue costs 0 (2,602,000)
Stock option and warrant exercises 3,139,000 1,882,000
Finance fees paid 0 (644,000)
Related party interest paid 0 (1,177,000)
Other (437,000) 5,000
Cash provided by financing activities of continuing operations 61,427,000 222,895,000
Cash provided by / (used in) financing activities of discontinued operations 0 0
Cash provided by financing activities 61,427,000 222,895,000
Change in cash and cash equivalents during the year (39,150,000) 72,302,000
Cash and cash equivalents, beginning of year 87,658,000 15,239,000
Effect of exchange rate changes on cash held (232,000) 117,000
Cash and cash equivalents, end of year 48,276,000 87,658,000
Equity Financing    
FINANCING ACTIVITIES    
Proceeds from shares issued 0 63,724,000
Private Placement    
FINANCING ACTIVITIES    
Proceeds from shares issued 0 103,117,000
Gold Prepay Agreement    
FINANCING ACTIVITIES    
Net proceeds 41,737,000 0
Principal repayment on Gold Prepay Agreement (12,901,000) 0
Silver Purchase Agreement    
FINANCING ACTIVITIES    
Net proceeds 29,889,000 0
Orion Convertible Loan    
FINANCING ACTIVITIES    
Net proceeds 0 48,590,000
Sprott Convertible Loan    
FINANCING ACTIVITIES    
Net proceeds 0 10,000,000
Equinox Loan    
FINANCING ACTIVITIES    
Net proceeds 0 20,750,000
Repayment of loan from Equinox 0 (20,750,000)
Ruby Hill    
INVESTING ACTIVITIES    
Acquisition 0 (75,084,000)
Granite Creek    
INVESTING ACTIVITIES    
Acquisition $ 0 $ (23,310,000)