NOTE 16 RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows:


	June 30,		December 31,
	2018		2017
Cash and cash equivalents	$	16,028	$	27,153
Restricted cash		3,621		10,000
Restricted cash included in other long-term assets		48		—
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	19,697	$	37,153

Amounts included in restricted cash represent the remaining proceeds from the sale of flow-through common shares as described in Note 8 Shareholders’ Equity. The proceeds are required by the Income Tax Act (Canada) to be used as payment for generative exploration activities at the Company’s Canadian properties. The entire proceeds are to be utilized to fund exploration activities during 2018, at which point the restriction will lapse. As of June 30, 2018, $6.4 million of the proceeds had been spent. Restricted cash included in other long-term assets relates to reclamation bonding obligations in relation to the Company’s Lexam properties in Timmins, Canada.