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Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 8,481 $ 1,839
Adjustments for non-cash items:    
Deferred income tax expense 1,793 692
Depreciation and depletion 1,796 1,692
Accretion of reclamation provision 100 102
Gain on investments (363) (355)
Unrealized gain on derivatives (1,914) 0
Unrealized foreign exchange loss (gain) 1,470 (243)
Write down of equipment and materials and supplies inventory 164 384
Other expenses 421 0
Share-based payments 1,682 1,071
Total adjustments for non cash 13,630 5,182
Net change in non-cash working capital items (4,522) (1,757)
Cash provided by operating activities 9,108 3,425
Financing Activities    
Shares issued for cash, net of issuance costs 6,939 3,379
Proceeds from option exercises and RSU vesting, net 757 59
Lease liability payments (906) (924)
Equipment loan payments (155) (85)
Cash provided by financing activities 6,635 2,429
Investing Activities    
Exploration and evaluation expenditures (451) (1,534)
Additions to plant, equipment and mining properties (5,306) (1,731)
Cash used in investing activities (5,757) (3,265)
Change in cash 9,986 2,589
Effect of exchange rate changes on cash (24) 34
Cash, beginning 27,317 2,688
Cash, ending $ 37,279 $ 5,311