XML 71 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net loss $ (39,864,000) $ (82,357,000) $ (86,635,000)
Items not involving cash:      
Depletion, depreciation and amortization 4,258,000 7,787,000 6,796,000
Stock-based compensation (Note 9) 2,657,000 1,099,000 1,405,000
Change in value of convertible debentures (Note 6) 407,000 1,548,000 (300,000)
Accretion of asset retirement obligation 906,000 494,000 412,000
Unrealized foreign exchange losses 173,000 483,000 (247,000)
Non-cash standby cost accrued 4,186,000 877,000 9,000
Non-cash costs directly attributable to acquisitions 0 3,928,000 0
Impairment of inventories 5,362,000 0 0
Abandonment of mineral properties 1,036,000 2,770,000 0
Impairment of goodwill (Note 10) 0 47,730,000 0
Impairment of plant and equipment and mineral properties (Note 10) 0 8,224,000 80,071,000
Change in value of investments 0 (38,000) 404,000
Other non- cash (income) expenses (437,000) (500,000) (1,377,000)
Changes in assets and liabilities      
(Increase) decrease in inventories 13,158,000 5,751,000 (6,764,000)
(Increase) decrease in trade and other receivables 2,403,000 (2,017,000) 54,000
(Increase) decrease in prepaid expenses and other assets (365,000) (404,000) 279,000
Increase (decrease) in accounts payable and accrued liabilities (4,007,000) 2,519,000 (689,000)
Changes in deferred revenue 174,000 648,000 88,000
Cash paid for reclamation and remediation activities (Note 5) (2,086,000) (626,000) (1,197,000)
Net cash (used in) provided by operating activities (12,039,000) (2,084,000) (7,691,000)
INVESTING ACTIVITIES      
Purchase of mineral properties and property, plant and equipment (260,000) (4,297,000) (816,000)
Acquisition of Uranerz Energy Corporation, net of cash acquired 0 2,459,000 0
Acquisition of Alta Mesa, net of cash acquired (1,290,000) 0 0
Acquisition of Roca Honda, net of cash acquired 101,000 0 0
Change in cash deposited with regulatory agencies for asset retirement obligations (Note 5) (5,663,000) 5,268,000 9,330,000
Sale of mineral properties held for sale 845,000 0 1,995,000
Proceeds from sale of plant and equipment 0 0 233,000
Proceeds from sale of marketable securities 0 0 396,000
Net cash (used in) provided by investing activities (6,267,000) 3,430,000 11,138,000
FINANCING ACTIVITIES      
Issuance of common shares for cash 25,291,000 2,627,000 483,000
Option and warrant exercises 18,000 187,000 120,000
Repayment of loans and borrowings (3,168,000) (1,730,000) (134,000)
Cash received from non-controlling interest 37,000 304,000 0
Net cash (used in) provided by financing activities 22,178,000 1,388,000 469,000
INCREASE IN CASH AND CASH EQUIVALENTS DURING THE PERIOD 3,872,000 2,734,000 3,916,000
Effect of exchange rate fluctuations on cash held in foreign currencies 64,000 (180,000) (134,000)
Cash and cash equivalents - beginning of period 12,965,000 10,411,000 6,629,000
CASH AND CASH EQUIVALENTS - END OF PERIOD 16,901,000 12,965,000 10,411,000
Non-cash investing and financing transactions:      
Issuance of secured notes for acquisition of mineral properties 0 446,000 0
Issuance of common shares for acquisition of mineral properties   550,000 0
Issuance of common shares, options and warrants for acquisition of Uranerz Energy Corporation 0 109,354,000 0
Issuance of common shares for acquisition of Alta Mesa (Note 7d) 11,378,000 0 0
Issuance of common shares for acquisition of 40% interest in Roca Honda (Note 7c) 2,679,000 0 0
Shares issued for consulting services $ 479,000 $ 0 $ 0