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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES:    
Net income/(loss) $ 40,959 $ (41,763)
Reconciliation of net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 31,823 21,173
Share-based compensation 12,554 13,850
Deferred income tax recovery 12,944 0
(Gain)/loss on fair value of 7% Convertible Debentures embedded derivative 2,095 (3,812)
Loss on fair value of 5% Convertible Debentures 317 17,235
Loss on repurchase of 5% Convertible Debentures, net 0 11,594
Recognition of deferred revenue (14,156) (11,267)
Proceeds from Royal Gold stream 10,000 60,000
Reclamation expenditures (5,992) (5,527)
Other 2,158 6,350
Changes in working capital (7,448) (22,208)
Net cash provided by operating activities 55,176 53,249
INVESTING ACTIVITIES:    
Additions to mining properties (632) (2,108)
Additions to plant and equipment (649) (613)
Additions to construction in progress (67,591) (81,635)
Change in accounts payable and deposits on mine equipment and material 1,103 (2,794)
Increase in restricted cash (41) 0
Proceeds from sale of assets 0 657
Net cash used in investing activities (67,810) (86,493)
FINANCING ACTIVITIES:    
Principal payments on debt (2,198) (29,345)
Proceeds from debt agreements 10,000 3,000
Proceeds from 7% Convertible Debentures, net 0 20,714
5% Convertible Debentures repayment (13,611) (19,941)
Shares issued, net 24,456 45,450
Exercise of options 10 22
Net cash provided by financing activities 18,657 19,900
Increase/(decrease) in cash and cash equivalents 6,023 (13,344)
Cash and cash equivalents, beginning of period 21,764 35,108
Cash and cash equivalents, end of period $ 27,787 $ 21,764