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v3.23.1

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Operating Activities |  |
Net income (loss) | $ (352) | $ 646
Adjustments for non-cash items: |  |
Deferred income tax recovery | (14) | 1,452
Depreciation and depletion | 705 | 490
Accretion of reclamation provision | 11 | 10
Loss on investments | 319 | 686
Unrealized foreign exchange loss (gain) | (161) | 392
Unwinding of fair value adjustment | 74 | 9
Fair value adjustment on warrant liability | 293 | (233)
Share-based payments | 339 | 200
Cash Flows From Used In Operations Before Changes In Working Capital | 1,214 | 3,652
Net change in non-cash working capital items | 448 | 3,450
Cash provided by operating activities | 766 | 202
Financing Activities |  |
Shares and units issued for cash, net of issuance costs | 202 | 30
Finance lease payments | (280) | (320)
Equipment loan payments | (88) | 0
Cash used in financing activities | (166) | (290)
Investing Activities |  |
Exploration and evaluation expenditures | (389) | (85)
Additions to plant, equipment and mining properties | (3,450) | (853)
Acquisition of La Preciosa | (5,000) | (15,308)
Cash used in investing activities | (8,839) | (16,246)
Change in cash | (8,557) | (13,086)
Effect of exchange rate changes on cash | 9 | 7
Cash, Beginning | 11,245 | 24,765
Cash, ending | $ 2,697 | $ 11,686

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