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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities    
Net income for the year $ 10,537 $ 25,254
Items not affecting cash:    
Depletion and depreciation and financing amortization 30,723 28,489
Mineral, royalty and other interests impairments 9,104 2,507
Deferred income tax expense 3,209 4,225
Share-based payments 3,785 3,106
(Gain) on revaluation of investments (5,827) (22,093)
Unrealized foreign exchange gain (2,122)  
Interest on loan receivable (409) (1,528)
(Gain) loss on mineral interest disposal and other (5,024) 655
Changes in non-cash working capital 797 (1,624)
Cash flow from (used in) operating activities 44,773 38,991
Investing activities    
Acquisition of Mariana Resources Limited (48,299)  
Proceeds from disposal of investments and other 14,352 12,774
Proceeds from disposal of mineral, royalty and other interests 3,600 5,617
Acquisition of mineral, royalty and other interests (4,409) (10,806)
Investment in Hot Maden interest (584)  
Acquisition of investments and other assets (4,761) (5,731)
Loan repayment   2,993
Loan issuance   (1,000)
Cash flow from (used in) investing activities (40,101) 3,847
Financing activities    
Redemption of common shares (normal course issuer bid) (17,729) (2,280)
Bank debt drawn 16,000 5,000
Bank debt repaid (16,000) (88,500)
Proceeds on exercise of warrants, options and other 2,605 5,455
Proceeds from issuance of common shares net of financing costs   53,453
Cash flow from (used in) financing activities (15,124) (26,872)
Effect of exchange rate changes on cash and cash equivalents 1,557 122
Net increase (decrease) in cash and cash equivalents (8,895) 16,088
Cash and cash equivalents, beginning of year 21,434 5,346
Cash and cash equivalents, end of year $ 12,539 $ 21,434