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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities    
Loss for the period $ (34,092) $ (15,569)
Items not involving cash:    
Depreciation and amortization 243 257
Debt accretion and interest 10,555 3,698
Environmental rehabilitation accretion 1,961 1,934
Share-based compensation 1,919 1,199
Unrealized gain on foreign exchange (1) 0
Loss on refinancing 1,598 0
Gain on disposal of assets (6) (344)
Gain on financial asset fair value (107) (1,200)
Changes in non-cash working capital    
Restricted deposits 2,757 (1,322)
Amounts receivable and other assets 630 1,512
Prepaid expenses (638) 114
Accounts payable and accruals (543) (719)
Deferred income tax liabilities 492 0
Net cash used in operating activities (15,232) (10,440)
Financing Activities    
Debenture funding, net of costs 32,011 16,917
Cash settled RSU's (726) (214)
Net cash provided by financing activities 31,285 16,703
Investing Activities    
Property, plant and equipment purchases (7,972) (7,203)
Property, plant and equipment disposal proceeds 6 344
Net cash used in investing activities (7,966) (6,859)
Net Increase (Decrease) in Cash 8,087 (596)
Effect of foreign exchange on Cash 1 0
Cash - Beginning of period 2,958 3,554
Cash - End of period 11,046 2,958
Supplemental information: non-cash investing and financing    
Capitalization of accounts payable and accruals to mineral property 186 (307)
Capitalization of share-based compensation to mineral property 277 247
Debenture funding 17,833 0
Debenture repayment $ (17,833) $ 0