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Consolidated Statements of Cashflows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net income for the year $ 21,553 $ 23,796
Items not involving cash    
Depletion and depreciation 45,408 46,352
Accretion expense 751 590
Income taxes 37,401 20,175
Interest expense (income), net 662 (566)
Share based payments expense, net of cash settlements 12,284 4,567
Share of loss from associates 76 225
Unrealized foreign exchange loss 1,400 169
Investment gains (3,306) (11,024)
Unrealized loss on derivatives 178 2,646
Write-downs and other 1,599 5,517
Total adjustments to reconcile profit (loss) 131,262 103,912
Trade and other receivables 10,258 (14,309)
Prepaid expenses 161 1,621
Inventories (25,659) (3,889)
Trade and other payables 6,122 3,021
Closure and reclamation payments (341) (352)
Cash provided by operating activities 121,803 90,004
Income taxes paid (28,186) (31,521)
Interest paid (547) (824)
Interest received 315 2,493
Net cash provided by operating activities 93,385 60,152
INVESTING ACTIVITIES    
Proceeds from short-term investments   72,151
Additions to mineral properties, plant and equipment (24,116) (28,473)
Expenditures on Lindero construction (80,782) (186,800)
Capitalized interest on Lindero construction (9,431) (6,005)
Deposits and advances to contractors (4,729) (19,743)
Advances applied to Lindero construction and other expenditures 15,450 50,650
Purchases of investments (7,269) (45,145)
Proceeds from sale of investments 10,575 56,169
Proceeds from sale of assets 72 229
Additions to long-term receivables (13,419) (35,394)
Cash used in investing activities (113,649) (142,361)
FINANCING ACTIVITIES    
Transaction costs on convertible debentures (note 17(b))   (2,490)
Proceeds from credit facility (note 17(a)) 65,000 40,000
Repayment of credit facility (note 17(a)) (55,000)  
Proceeds from convertible debentures (note 17(b))   46,000
Proceeds from issuance of common shares 70,011  
Share issuance costs (3,358)  
Payments of lease obligations (7,747) (8,385)
Cash provided by financing activities 68,906 75,125
Effect of exchange rate changes on cash and cash equivalents (148) (15)
Increase (decrease) in cash and cash equivalents during the year 48,494 (7,099)
Cash and cash equivalents, beginning of the year 83,404 90,503
Cash and cash equivalents, end of the year 131,898 83,404
Lindero Reporting Segment [member]    
Items not involving cash    
Unrealized foreign exchange loss, Lindero construction (note 6) $ 13,256 $ 11,465