XML 66 R6.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (86,094) $ (56,884) $ (152,325)
Adjustments to reconcile net loss from operating activities:      
Impairment loss on mineral property interests and plant and equipment 0 0 83,805
(Income) loss from investment in Minera Santa Cruz S.A. (Note 9) (2,776) 7,533 1,517
Gain on sale of mineral property interests   (2,271)  
Depreciation and amortization 19,532 25,338 23,090
Unrealized loss (gain) on investments (Note 5) 511 (28) 619
Unrealized foreign exchange gain and adjustment to estimate (Note 12) 4,814 1,272 278
Deferred income and mining tax recovery (1,856) (7,315) (1,390)
Stock-based compensation 340 837 612
Accretion of reclamation and remediation liability (Note 12) 2,354 2,405 1,788
Change in non-cash working capital items:      
Increase (decrease) in assets related to operations (12,873) 7,887 12,696
Increase in liabilities related to operations 17,439 1,003 1,437
Cash used in operating activities (58,609) (20,223) (27,873)
Cash flows from investing activities:      
Additions to mineral property interests and plant and equipment (24,187) (34,888) (13,373)
Proceeds from disposal of property and equipment   492  
Proceeds from sale of investments     1,266
Dividends received from Minera Santa Cruz S.A. (Note 9) 286 9,832 340
Cash used in investing activities (23,901) (24,564) (11,767)
Cash flows from financing activities:      
Proceeds from sale of subsidiary shares, net of issuance costs (Note 20) 41,263 29,875  
Sale of flow-through common shares, net of issuance costs (Note 13) 14,376 11,966 19,644
Proceeds from promissory note (Note 11 and Note 15) 15,000 40,000  
Subscription proceeds received in advance (Note 20) (2,850) 2,550  
Proceeds from exercise of warrants 4   138
Payment of finance lease obligations (2,338) (3,408) (2,204)
Cash provided by financing activities 65,455 80,983 17,578
Decrease (increase) in cash, cash equivalents and restricted cash (17,055) 36,196 (22,062)
Cash, cash equivalents and restricted cash, beginning of year 60,634 24,438 46,500
Cash, cash equivalents and restricted cash, end of year (Note 18) 43,579 60,634 $ 24,438
Minera Santa Cruz S.A. [Member]      
Cash flows from investing activities:      
Dividends received from Minera Santa Cruz S.A. (Note 9) $ 286 $ 9,832