CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

3 Months Ended

Mar. 31, 2019

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

NOTE 16 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that total to the same such amounts shown in the Consolidated Statements of Cash flows:

	March 31,		December 31,
	2019		2018
Cash and cash equivalents	$	11,907	$	15,756
Restricted cash		14,762		14,685
Restricted cash included in other assets		48		48
Total cash, cash equivalents, and restricted cash	$	26,717	$	30,489

Amounts included in restricted cash represent the remaining proceeds from the sale of flow-through common shares as described in Note 8 Shareholders’ Equity.  A total of $14.8 million of proceeds remain restricted and will be utilized to fund exploration activities during 2019, at which point the restriction will lapse. 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.

Restricted cash included in other assets relates to reclamation bonding obligations in relation to the Company’s Lexam properties in Timmins, Canada.