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Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income $ 5,617 $ 599
Adjustments for non-cash items:    
Deferred income tax expense (recovery) 1,207 (82)
Depreciation and depletion 872 857
Accretion of reclamation provision 48 51
Gain on investments (444) (132)
Unrealized gain on derivatives (405) 0
Unrealized foreign exchange loss (gain) 103 (88)
Write down of equipment and materials and supplies inventory 1 0
Share-based payments 362 423
Total adjustments for non cash 7,361 1,628
Net change in non-cash working capital items (6,603) 719
Cash provided by operating activities 758 2,347
Financing Activities    
Shares and units issued for cash, net of issuance costs 182 888
Proceeds from option and RSU exercises, net 634 0
Lease liability payments (396) (452)
Equipment loan payments (70) (44)
Cash provided by (used in) financing activities 350 392
Investing Activities    
Exploration and evaluation expenditures (410) (1,116)
Additions to plant, equipment and mining properties (1,386) (851)
Cash provided by (used in) investing activities (1,796) (1,967)
Change in cash (688) 772
Effect of exchange rate changes on cash (2) 14
Cash, beginning 27,317 2,688
Cash, ending $ 26,627 $ 3,474