XML 70 R5.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income $ 16,183 $ 3,008
Adjustments for non-cash items:    
Deferred income tax expense 1,464 1,061
Depreciation and depletion 2,736 2,504
Accretion of reclamation provision 156 151
Gain on investments (2,746) (87)
Unrealized gain on derivatives (2,000) 0
Unrealized foreign exchange loss (gain) 1,369 (283)
Write down of uncollectible account 0 621
Write down of equipment and materials and supplies inventory 413 566
Finance costs on deferred consideration payable 64 0
Other expenses 425 0
Share-based payments 2,847 1,601
Total adjustments for non cash 20,911 9,142
Net change in non-cash working capital items (3,474) (1,569)
Cash provided by operating activities 17,437 7,573
Financing Activities    
Shares issued for cash, net of issuance costs 35,936 3,630
Proceeds from option exercises and RSU vesting, net 1,318 372
Lease liability payments (1,608) (1,371)
Equipment loan payments (240) (126)
Cash provided by financing activities 35,406 2,505
Investing Activities    
Exploration and evaluation expenditures (568) (1,920)
Additions to plant, equipment and mining properties (22,258) (3,112)
Cash used in investing activities (22,826) (5,032)
Change in cash 30,017 5,046
Effect of exchange rate changes on cash (3) 33
Cash, beginning 27,317 2,688
Cash, ending $ 57,331 $ 7,767