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Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 1,839 $ 782
Adjustments for non-cash items:    
Deferred income tax expense (recovery) 692 (973)
Depreciation and depletion 1,692 1,419
Accretion of reclamation provision 102 23
(Gain) loss on investments (355) 604
Unrealized foreign exchange gain (243) (499)
Unwinding of fair value adjustment 0 74
Fair value adjustment on warrant liability 0 (458)
Write down of equipment and materials and supplies inventory 384 91
Share-based payments 1,071 1,182
Total adjustments for non cash 5,182 2,245
Net change in non-cash working capital items (1,757) (1,295)
Cash provided by operating activities 3,425 950
Financing Activities    
Shares and units issued for cash, net of issuance costs 3,379 368
Proceeds from option exercise 59 0
Lease liability payments (924) (634)
Equipment loan payments (85) (142)
Cash provided by (used in) financing activities 2,429 (408)
Investing Activities    
Exploration and evaluation expenditures (1,534) (663)
Additions to plant, equipment and mining properties (1,731) (4,920)
Acquisition of La Preciosa 0 (5,000)
Cash used in investing activities (3,265) (10,583)
Change in cash 2,589 (10,041)
Effect of exchange rate changes on cash 34 3
Cash, beginning 2,688 11,245
Cash, ending $ 5,311 $ 1,207