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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Cash paid to suppliers and employees $ (32,379) $ (37,085)
Cash received from gold and silver sales 37,711 22,767
Dividends received from Minera Santa Cruz S.A. (note 5) 548 7,113
Interest received 87 109
Cash provided by (used in) operating activities 5,967 (7,096)
Cash flows from investing activities:    
Investment in available-for-sale securities (note 2) (1,114)  
Additions to property and equipment (433) (2,297)
Decrease to restricted time deposits for reclamation bonding   367
Proceeds from disposal of property and equipment   31
Cash used in investing activities (1,547) (1,899)
Cash flows from financing activities:    
Short-term bank indebtedness (note 6) 5,764  
Exercise of stock options   129
Cash provided by financing activities 5,764 129
Effect of exchange rate change on cash and cash equivalents (193) (306)
Increase (decrease) in cash and cash equivalents 9,991 (9,172)
Cash and cash equivalents, beginning of period 12,380 24,321
Cash and cash equivalents, end of period 22,371 15,149
Reconciliation of net loss to cash used in operating activities:    
Net loss (8,095) (86,135)
Adjustments to reconcile net income (loss) to from operating activities:    
Loss (income) on investment in Minera Santa Cruz S.A. net of amortization 2,323 (4,591)
Impairment of mineral property interests and property and equipment (note 4) 28,542 120,398
Gain on sale of assets (4) (18)
Recovery of income taxes (13,484) (43,991)
Stock-based compensation 754 609
Depreciation 480 454
Accretion of asset retirement obligation 591 209
Amortization of mineral property interests and asset retirement obligations 644 626
Foreign exchange loss 193 306
Change in non-cash working capital items:    
Decrease (increase) in IVA taxes receivable, including collections of $4,026 (2014 - $nil) 1,284 (2,892)
Increase in other assets related to operations (6,802) (1,624)
(Decrease) increase in liabilities related to operations (1,007) 2,440
Dividend received from Minera Santa Cruz S.A. 548 7,113
Cash provided by (used in) operating activities $ 5,967 $ (7,096)