Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Consolidated Balance Sheets

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Unaudited Interim Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents (note 5) $ 1,554 $ 1,627
Accounts receivable (note 6) 7,243 5,802
Inventory (note 7) 2,201 2,053
Current deferred financing costs (note 13) 190 183
Prepaid expenses 753 767
Assets, Current, Total 11,941 10,432
Restricted cash (note 8) 5,055 5,055
Mineral properties (note 9) 50,060 52,702
Capital assets (note 10) 34,090 35,250
Equity investment (note 11) 1,090 1,085
Deferred financing costs (note 13) 812 812
Assets, Noncurrent, Total 91,107 94,904
Assets, Total 103,048 105,336
Current liabilities    
Accounts payable and accrued liabilities (note 12) 3,330 2,928
Current portion of notes payable (note 13) 6,278 5,153
Reclamation obligations 85 85
Liabilities, Current, Total 9,693 8,166
Notes payable (note 13) 33,410 34,000
Deferred income tax liability (note 14) 3,345 3,345
Deferred revenue (note 15) 1,254 2,508
Asset retirement obligations (note 16) 17,356 17,279
Other liabilities - warrants (note 17) 799 1,374
Liabilities, Noncurrent, Total 56,164 58,506
Liabilities 65,857 66,672
Commitments (note 20)      
Share Capital    
Class A preferred shares, without par value, unlimited shares authorized; no shares issued and outstanding 0 0
Common shares, without par value, unlimited shares authorized; shares issued and outstanding: 128,771,376 at June 30, 2014 and 127,559,743 at December 31, 2013 167,393 165,974
Warrants 4,175 4,175
Contributed surplus 14,105 14,247
Accumulated other comprehensive income 3,300 3,298
Deficit (151,782) (149,030)
Stockholders'Equity Attributable to Parent, Total 37,191 38,664
Liabilities and Equity, Total $ 103,048 $ 105,336