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v3.24.1

Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
Operating Activities |  |
Net income | $ 542 | $ 3,096
Adjustments for non-cash items: |  |
Deferred income tax expense (recovery) | (525) | 3,440
Depreciation and depletion | 2,919 | 2,186
Accretion of reclamation provision | 49 | 44
Loss on investments | 931 | 2,103
Unrealized foreign exchange (gain) loss | 54 | (303)
Unwinding of fair value adjustment | 74 | 262
Fair value adjustment on warrant liability | (478) | (2,395)
Write down of equipment and materials and supplies inventory | 414 | 330
Share-based payments | 2,269 | 2,024
Total Adjustments For Non Cash | 6,249 | 10,787
Net change in non-cash working capital items | (4,761) | 1,044
Cash provided by operating activities | 1,488 | 11,831
Financing Activities |  |
Shares and units issued for cash, net of issuance costs | 5,154 | 30
Lease liability payments | (1,444) | (1,179)
Equipment loan payments | (222) | 0
Cash provided by (used in) financing activities | 3,488 | (1,149)
Investing Activities |  |
Exploration and evaluation expenditures | (1,156) | (1,131)
Additions to plant, equipment and mining properties | (7,375) | (7,836)
Acquisition of La Preciosa | (5,000) | (15,134)
Cash provided by (used in) investing activities | (13,531) | (24,101)
Change in cash | (8,555) | (13,419)
Effect of exchange rate changes on cash | (2) | (101)
Cash, beginning | 11,245 | 24,765
Cash, ending | $ 2,688 | $ 11,245

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