Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flow

v3.3.0.814
Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash provided by (used in) Operating activities    
Net loss for the period $ (1,386) $ (6,252)
Items not affecting cash:    
Stock based expense 675 720
Depreciation and amortization 5,354 5,953
Accretion Expense 383 330
Amortization of deferred loan costs 138 7
Write-off of mineral properties   422
Warrants mark to market gain (311) (786)
Gain on disposition of assets (6)  
Other loss 5 4
RSUs redeemed for cash (142) (66)
Proceeds from assignment of sales contract   (2,508)
Change in non-cash working capital items:    
Accounts receivable 22 (288)
Inventory 310 (1,248)
Prepaid expenses (6) 296
Accounts payable and accrued liabilities 617 2,158
Net Cash Provided by (Used in) Operating Activities, Total 5,653 (1,258)
Investing activities    
Mineral property costs (1) (59)
Increase in restricted cash (1) (1,000)
Funding of equity investment (4) (7)
Proceeds from sale of property and equipment 17  
Purchase of capital assets (43) (343)
Net Cash Provided by (Used in) Investing Activities, Total (32) (1,409)
Financing activities    
Share issue costs   (50)
Proceeds from exercise of stock options 410 1,299
Proceeds from debt financing   5,000
Cost of debt financing   (37)
Repayment of debt (5,509) (1,778)
Net Cash Provided by (Used in) Financing Activities, Total (5,099) 4,434
Effects of foreign exchange rate changes on cash 1 (22)
Net change in cash and cash equivalents 523 1,745
Beginning cash and cash equivalents 3,104 1,627
Ending cash and cash equivalents $ 3,627 $ 3,372