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Condensed Consolidated Interim Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net income (loss) $ 3,096 $ (2,057)
Adjustments for non-cash items:    
Deferred income tax expense 3,440 412
Depreciation and depletion 2,186 2,116
Write down of equipment 330 0
Accretion of reclamation provision 44 47
Unrealized loss on investments 2,103 423
Unrealized foreign exchange gain (303) (265)
Unwinding of fair value adjustment on term facility 262 (13)
Fair value adjustment on warrant liability (2,395) (1,581)
Realized loss on warrants exercised 0 1,106
Share-based payments 2,024 1,469
Cash provided by operating activities before working capital items 10,787 1,657
Net change in non-cash working capital items 1,044 (1,548)
Cash provided by operating activities 11,831 109
Financing activities    
Shares and units issued for cash, net of issuance costs 0 18,098
Proceeds from option exercise 30 238
Proceeds from warrant exercise 0 805
Term facility payments 0 (2,500)
Finance lease payments (1,179) (477)
Equipment loan payments 0 (72)
Cash provided by (used in) financing activities (1,149) 16,092
Investing activities    
Exploration and evaluation expenditures (1,131) (1,294)
Additions to plant, equipment and mining properties (7,836) (1,913)
Acquisition of La Preciosa (15,134) 0
Cash used in investing activities (24,101) (3,207)
Change in cash (13,419) 12,994
Effect of exchange rate changes on cash (101) 58
Cash, Beginning 24,765 11,713
Cash, Ending $ 11,245 $ 24,765