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Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income $ 599 $ (352)
Adjustments for non-cash items:    
Deferred income tax expense (recovery) (82) (14)
Depreciation and depletion 857 705
Accretion of reclamation provision 51 11
(Gain) loss on investments (132) 319
Unrealized foreign exchange gain (88) (161)
Unwinding of fair value adjustment 0 74
Fair value adjustment on warrant liability 0 293
Share-based payments 423 339
Total adjustments for non cash 1,628 1,214
Net change in non-cash working capital items 719 (766)
Cash provided by operating activities 2,347 448
Financing Activities    
Shares and units issued for cash, net of issuance costs 888 202
Lease liability payments (452) (280)
Equipment loan payments (44) (88)
Cash provided by (used in) financing activities 392 (166)
Investing Activities    
Exploration and evaluation expenditures (1,116) (389)
Additions to plant, equipment and mining properties (851) (3,450)
Acquisition of La Preciosa 0 (5,000)
Cash provided by (used in) investing activities (1,967) (8,839)
Change in cash 772 (8,557)
Effect of exchange rate changes on cash 14 9
Cash, beginning 2,688 11,245
Cash, ending $ 3,474 $ 2,697