Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Consolidated Statements of Cash Flow

v2.4.0.6
Consolidated Statements of Cash Flow (CAD)
 12 Months Ended 105 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
Cash provided by (used in)        
Net loss for the period (12,686,441) (16,256,876) (16,418,088) (122,011,795)
Items not affecting cash:        
Stock based compensation 2,427,031 2,450,734 702,762 21,293,598
Depreciation of capital assets 514,333 475,595 526,041 2,668,584
Provision for reclamation (473,979) 44,932 26,578 115,653
Write-off of mineral properties 0 0 381,252 803,336
Loss on equity investment 58,467 310,941 0 369,408
Foreign exchange loss (gain) 378,839 (183,927) 1,554,906 (312,241)
Gain on sale of assets (970,068) 3,997 7,915 (2,037,152)
Non-cash exploration costs 0 0 0 2,726,280
Other loss (income) 9,000 80,250 (64,125) 26,873
Change in non-cash working capital items:        
Amounts receivable (496) 3,509 (255) (5,577)
Prepaid expenses (88,499) (5,893) (2,902) (204,959)
Accounts payable and accrued liabilities 8,671 132,090 (189,803) 828,910
Net Cash Provided by (Used in) Operating Activities, Total (10,823,142) (12,944,648) (13,475,719) (95,739,082)
Investing activities        
Mineral property costs (319,984) (155,855) (755,329) (14,205,897)
Purchase of short-term investments (10,257,281) (6,896,348) (18,930,806) (200,971,371)
Sale of short-term investments 10,647,830 5,131,139 24,609,301 195,981,430
Decrease (increase) in restricted cash 2,216,885 (441,959) (1,103,629) (2,319,815)
Deposit for Pathfinder acquisition (1,333,021) 0 0 (1,333,021)
Funding of equity investment (27,347) (29,155) 0 (56,502)
Payments to/from venture partner 0 0 0 146,806
Proceeds from sale of property and equipment 100 149 17,769 1,127,318
Purchase of capital assets (10,804,604) (761,587) (1,022,231) (16,464,495)
Net Cash Provided by (Used in) Investing Activities, Total (9,877,422) (3,153,616) 2,815,075 (38,095,547)
Financing activities        
Issuance of common shares and warrants for cash 17,250,000 0 5,000,000 144,306,538
Share issue costs (1,005,458) 0 (279,849) (3,854,332)
Proceeds from exercise of warrants and stock options 75,512 3,357,307 3,519,256 25,521,399
RSUs redeemed for cash (18,868) 0 0 (18,868)
Payment of long-term obligations (27,467) 0 0 (17,592,592)
Net Cash Provided by (Used in) Financing Activities, Total 16,273,719 3,357,307 8,239,407 148,362,145
Effects of foreign exchange rate changes on cash (242,361) 191,621 (1,317,271) (3,027,243)
Net change in cash and cash equivalents (4,669,206) (12,549,336) (3,738,508) 11,500,273
Beginning cash and cash equivalents 16,169,479 28,718,815 32,457,323  
Ending cash and cash equivalents 11,500,275 16,169,479 28,718,815 11,500,275
Total Interest paid 3,619 0 0 3,619
Non-cash financing and investing activities:        
Common shares issued for properties 0 0 0 1,164,750
Mineral property acquired in asset exchange 970,320 0 0 970,320