XML 33 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cashflows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES    
Net income for the year $ 66,305 $ 17,858
Items not involving cash    
Depletion and depreciation 42,522 33,024
Accretion of provisions 684 665
Income taxes 38,646 29,252
Share based payments (recovery) expense, net of cash settlements (36) 8,430
Share of loss of equity-accounted investee (note 7) 192  
Impairment reversal of mineral properties, plant and equipment (note 14) (31,119)  
Impairment charges 2,637 1,423
Unrealized foreign exchange loss 910  
Unrealized loss (gain) on financial assets carried at fair value 3,386 (1,053)
Other 14 (86)
Total adjustments to reconcile profit (loss) 124,141 89,513
Accounts and other receivables (11,782) (18,521)
Prepaid expenses (899) (630)
Inventories (4,744) (2,922)
Trade and other payables 542 4,861
Rehabilitation payments (793) (349)
Cash provided by operating activities 106,465 71,952
Income taxes paid (36,190) (17,513)
Interest paid (1,796) (2,028)
Interest income 1,723 289
Net cash provided by operating activities 70,202 52,700
INVESTING ACTIVITIES    
Purchase of Lindero Project, net of cash received (note 13(b))   (4,876)
Purchase of short term investments (150,759) (46,914)
Redemption of short term investments 160,636 41,845
Investment in marketable securities (notes 6 and 7) (2,153) (1,165)
Purchase of mineral properties, plant and equipment (47,060) (40,229)
Proceeds from sale of assets 47 10
Cash used in investing activities (39,289) (51,329)
FINANCING ACTIVITIES    
Proceeds from issuance of common shares 76,686 10,025
Share issuance costs (5,018)  
Repayments of finance lease obligations (2,128) (1,219)
Cash provided by financing activities 69,540 8,806
Effect of exchange rate changes on cash and cash equivalents 137 89
Increase in cash and cash equivalents during the year 100,590 10,266
Cash and cash equivalents, beginning of the year 82,484 72,218
Cash and cash equivalents, end of the year 183,074 82,484
Cash and cash equivalents consists of:    
Cash and cash equivalents, end of the year $ 82,484 $ 72,218