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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Cash paid to suppliers and employees $ (43,168) $ (51,300)
Cash received from gold and silver sales 59,246 31,620
Dividends received from Minera Santa Cruz S.A. 548 9,483
Lease incentive received   328
Interest received 10 456
Cash provided by (used in) operating activities 16,636 (9,413)
Cash flows from investing activities:    
Additions to property and equipment (535) (2,691)
Investment in available-for-sale securities (1,114)  
Decrease to restricted time deposits for reclamation bonding   5,181
Deposit for surety bonds for reclamation bonding   (481)
Proceeds from disposal of property and equipment 13 39
Cash (used in) provided by investing activities (1,636) 2,048
Cash flows from financing activities:    
Short-term bank indebtedness (note 6) 5,171  
Return of capital distribution paid (note 7) (1,502)  
Exercise of stock options   1,382
Cash provided by financing activities 3,669 1,382
Effect of exchange rate change on cash and cash equivalents (147) (716)
Increase (decrease) in cash and cash equivalents 18,522 (6,699)
Cash and cash equivalents, beginning of period 12,380 24,321
Cash and cash equivalents, end of period 30,902 17,622
Reconciliation of net loss to cash used in operating activities:    
Net loss (5,462) (99,168)
Adjustments to reconcile net loss to from operating activities:    
Loss (income) on investment in Minera Santa Cruz S.A. net of amortization 3,964 (150)
Impairment of mineral property interests and property and equipment 29,740 120,398
Gain on sale of assets (13) (26)
Recovery of income taxes (15,103) (52,705)
Stock-based compensation 1,047 852
Depreciation 691 693
Accretion of asset retirement obligation 697 309
Amortization of mineral property interests and asset retirement obligations 966 923
Foreign exchange loss 147 716
Change in non-cash working capital items:    
Increase in VAT taxes receivable, net of collection of $4,256 (2014 - $5,049) 884 717
Increase (decrease) in other assets related to operations 244 (342)
(Decrease) increase in liabilities related to operations (1,714) 8,887
Dividend received from Minera Santa Cruz S.A. 548 9,483
Cash provided by (used in) operating activities $ 16,636 $ (9,413)