Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flow

v3.6.0.2
Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash provided by (used in) Operating activities      
Net loss for the year $ (3,010) $ (795) $ (8,749)
Items not affecting cash:      
Stock based expense 857 893 928
Depreciation and amortization 5,144 6,504 7,643
Accretion of asset retirement obligation 534 515 497
Amortization of deferred loan costs 152 177  
Write off of investments 1,089    
Write-off of mineral properties 62   483
Gain on foreign exchange 280    
Warrants mark to market gain (loss) (36) (307) (946)
Gain on disposition of assets (14) (5)  
Other loss 4 9 4
Income tax recovery (17) (3,345)  
RSUs redeemed to pay withholding (56) (142) (67)
Proceeds from assignment of sales contract     (2,508)
Change in non-cash working capital items:      
Accounts receivable (7) 19 5,772
Inventory (765) 1,823 (3,115)
Prepaid expenses (111) 125 259
Accounts payable and accrued liabilities (803) (101) 1,736
Accrued income taxes 30    
Net Cash Provided by (Used in) Operating Activities, Total 3,333 5,370 1,937
Investing activities      
Mineral property costs   1 (65)
Increase in restricted cash     (2,500)
Funding of equity investment (5) (8) (7)
Proceeds from sale of property and equipment 91 26  
Purchase of capital assets (296) (79) (436)
Net Cash Provided by (Used in) Investing Activities, Total (210) (60) (3,008)
Financing activities      
Issuance of common shares and warrants for cash 6,568    
Share issue costs (884)   (50)
Proceeds from exercise of stock options 9 410 1,347
Proceeds from debt financing     5,000
Cost of debt financing     (135)
Repayment of debt (8,679) (7,374) (3,585)
Net Cash Provided by (Used in) Financing Activities, Total (2,986) (6,964) 2,577
Effects of foreign exchange rate changes on cash (28) (7) (29)
Net change in cash and cash equivalents 109 (1,661) 1,477
Beginning cash and cash equivalents 1,443 3,104 1,627
Ending cash and cash equivalents 1,552 1,443 3,104
Total Interest paid 1,827 $ 2,385 $ 2,526
Total taxes paid $ 29