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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents (note 16) $ 11,907 $ 15,756
Investments (note 2) 4,222 3,131
Value added taxes receivable 1,204 1,058
Inventories (note 3) 30,682 22,039
Restricted cash (note 8 and 16) 14,762 14,685
Other current assets 2,883 2,707
Total current assets 65,660 59,376
Mineral property interests, plant and equipment and construction in progress, net (note 4) 435,659 423,879
Investment in Minera Santa Cruz S.A. (note 5) 123,484 127,814
Other assets (note 3 and note 16) 4,173 5,872
TOTAL ASSETS 628,976 616,941
Current liabilities:    
Accounts payable and accrued liabilities 27,292 30,817
Flow-through share premium (note 8) 2,893 2,950
Current portion of lease liabilities (note 15) 1,710 1,511
Current portion of asset retirement obligation (note 6) 1,087 734
Total current liabilities 32,982 36,012
Asset retirement obligation, less current portion (note 6) 32,380 28,668
Deferred income and mining tax liability (note 7) 6,449 6,426
Lease liabilities, less current portion (note 15) 5,611 4,918
Long-term debt (note 17) 24,640 24,603
Long-term debt from related party (note 11 and note 17) 24,640 24,603
Other liabilities 4,077 5,765
Total liabilities 130,779 130,995
Shareholders’ equity:    
Common stock and additional paid-in capital, no par value, 500,000 shares authorized (in thousands); Common: 359,986 as of March 31, 2019 and 344,560 as of December 31, 2018 issued and outstanding (in thousands) (note 8) 1,477,342 1,457,422
Warrants (note 8) 2,467  
Accumulated deficit (981,612) (971,476)
Total shareholders' equity 498,197 485,946
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 628,976 $ 616,941