XML 19 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Cash paid to suppliers and employees $ (74,939) $ (46,640)
Cash received from revenue 75,464 29,943
Interest received 96 118
Cash provided by (used in) operating activities 621 (16,579)
Cash flows from investing activities:    
Additions to mineral property interests (7,310)  
Additions to property and equipment (20,095) (938)
Investment in marketable equity securities (note 2) (510)  
Proceeds from sale of investments (note 2) 3,667 2,155
Return of investment received from Minera Santa Cruz S.A. (note 1 and note 5) 7,231 4,927
Acquisition of Lexam VG Gold, net of cash and cash equivalents acquired (note 17)   (840)
Proceeds from disposal of property and equipment   33
Cash (used in) provided by investing activities (17,017) 5,337
Cash flows from financing activities:    
Shareholders' distribution (note 8) (1,685) (1,498)
Proceeds from the exercise of stock options (note 8) 45 47
Cash (used) in financing activities (1,640) (1,451)
Effect of exchange rate change on cash and cash equivalents 580 34
(Decrease) in cash, cash equivalents and restricted cash (17,456) (12,659)
Cash, cash equivalents and restricted cash, beginning of period 37,153 37,440
Cash, cash equivalents and restricted cash, end of period (note 16) 19,697 24,781
Reconciliation of net (loss) to cash provided by (used in) operating activities:    
Net loss (10,591) (4,728)
Adjustments to reconcile net (loss) from operating activities:    
Loss from investment in Minera Santa Cruz S.A., net of amortization (note 5) 2,477 73
(Loss) gain on disposal of fixed assets 99 (11)
Recovery of deferred income taxes (note 7) (3,278) (2,503)
Gain (loss) on sale of marketable securities (note 2) 1,637 (840)
Stock-based compensation (note 9) 396 745
Depreciation 4,564 809
Revision of estimates and accretion of asset reclamation obligations (note 6) 582  
Adjustment to the asset retirement obligation estimate (note 6) (629) 221
Amortization of mineral property interests and asset retirement obligations 3,624 1,065
Foreign exchange gain (580) (34)
Unrealized loss (gain) on derivative investments (note 2) 865 (1,069)
Change in non-cash working capital items:    
Decrease (increase) in VAT taxes receivable, net of collection of $2,937 (2017 - $448) 315 (3,979)
Decrease (increase) in other assets related to operations 6,177 (3,044)
Increase in liabilities related to operations (5,037) (3,284)
Cash provided by (used in) operating activities $ 621 $ (16,579)