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Consolidated statements of cash flows (Statement) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net income (loss) $ (1,459) $ 20,111
Adjustments for:    
Cost of sales related to gold prepay loan 1,522 11,674
Depletion of royalty, stream and other interests 13,067 7,869
Share-based compensation 2,367 2,742
Change in fair value of gold prepay loan 690 (5,454)
Listing expense 0 22,390
Change in fair value of conversion option (1,425) 1,693
Share of income of associate, net of dividends received (14) 0
Deferred income tax recovery (1,002) (41,812)
Finance costs 1,018 471
Interest received 210 1,107
Changes in other assets and liabilities    
Amounts receivable 838 (1,102)
Other assets (1,148) (340)
Accounts payable and accrued liabilities (1,883) 1,049
Cash provided by operating activities 12,781 20,398
Investing activities    
Cash acquired 2,311 11,344
Acquisition of gold prepay loan 0 (15,500)
Acquisition of royalty, stream and other interests (60,720) (15,293)
Acquisition of investments in associate (23,176) 0
Cash used in investing activities (81,585) (19,449)
Financing activities    
Proceeds on issuance of common shares 0 9,652
Share and warrant issue expenses (15) (863)
Exercise of share options 44 0
Revolving credit drawn 68,750 0
Financing fees (1,135) (430)
Dividends paid (8,980) (1,966)
Net parent investment 0 15,175
Net cash provided by financing activities 58,664 21,568
Net increase (decrease) in cash (10,140) 22,517
Cash at beginning of year 22,517 0
Cash at end of year $ 12,377 $ 22,517