Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents (note 4) $ 3,851 $ 3,104
Accounts receivable 12 28
Inventory (note 5) 3,885 5,168
Prepaid expenses 917 856
Assets, Current, Total 8,665 9,156
Restricted cash (note 6) 7,556 7,556
Mineral properties (note 7) 50,161 52,750
Capital assets (note 8) 31,892 32,993
Equity investment (note 9) 1,089 1,090
Assets, Noncurrent, Total 90,698 94,389
Assets, Total 99,363 103,545
Current liabilities    
Accounts payable and accrued liabilities (note 10) 4,195 4,532
Current portion of notes payable (note 11) 10,008 7,184
Reclamation obligations 85 85
Liabilities, Current, Total 14,288 11,801
Notes payable (note 11) 26,090 32,477
Deferred income tax liability (note 12) 3,345 3,345
Asset retirement obligations (note 13) 23,699 23,445
Other liabilities - warrants (note 14) 185 376
Liabilities, Noncurrent, Total 53,319 59,643
Liabilities $ 67,607 $ 71,444
Share Capital    
Class A preferred shares, without par value, unlimited shares authorized; no shares issued and outstanding    
Common shares, without par value, unlimited shares authorized; shares issued and outstanding: 130,184,563 at June 30, 2015 and 129,365,076 at December 31, 2014 $ 168,907 $ 168,118
Warrants 4,175 4,175
Contributed surplus 14,197 14,250
Accumulated other comprehensive income 3,355 3,337
Deficit (158,878) (157,779)
Stockholders'Equity Attributable to Parent, Total 31,756 32,101
Liabilities and Equity, Total $ 99,363 $ 103,545