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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating Activities    
Net income $ 8,100 $ 542
Adjustments for non-cash items:    
Deferred income tax expense (recovery) 33 (525)
Depreciation and depletion 3,386 2,919
Accretion of reclamation provision 197 49
Loss on investments 172 931
Unrealized loss on derivatives 475 0
Unrealized foreign exchange (gain) loss (1,074) 54
Write down of uncollectible account 621 0
Unwinding of fair value adjustment 0 74
Fair value adjustment on warrant liability 0 (478)
Write down of equipment and materials and supplies inventory (1,144) (414)
Share-based payments 2,035 2,269
Total Adjustments For Non Cash 15,089 6,249
Net change in non-cash working capital items 8,035 (4,761)
Cash provided by operating activities 23,124 1,488
Financing Activities    
Shares and units issued for cash, net of issuance costs 9,104 5,154
Proceeds from option exercise 986 0
Lease liability payments (1,909) (1,444)
Equipment loan payments (166) (222)
Cash provided by (used in) financing activities 8,015 3,488
Investing Activities    
Exploration and evaluation expenditures (2,105) (1,156)
Additions to plant, equipment and mining properties (4,455) (7,375)
Acquisition of La Preciosa 0 (5,000)
Cash provided by (used in) investing activities (6,560) (13,531)
Change in cash 24,579 (8,555)
Effect of exchange rate changes on cash 50 (2)
Cash, beginning 2,688 11,245
Cash, ending $ 27,317 $ 2,688