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CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019
Cash flows from operating activities |  |
Loss for the year | $ (6,007) | $ (13,820)
Items not affecting operating activities: |  |
Interest income received | (880) | (1,612)
Unrealized foreign exchange effect on cash and cash equivalents | 1,967 | 3,476
Items not affecting cash: |  |
Change in fair value of fair value through profit or loss assets | (6,162) | (362)
Share - based payments | 2,784 | 2,240
Deferred income tax expense (recovery) | 2,113 | (415)
Depreciation | 63 | 21
Depletion | 1,123 | 802
Interest income, finance charges, net of settlement gains |  | (94)
Realized gain on sale of investments | (250) | (61)
Impairment of accounts receivable |  | 434
(Gain) loss on sale of royalty and other property interests | 88 | (849)
Shares received pursuant to property agreements | (3,756) | (150)
Unrealized foreign exchange gain | (31) | (5)
Changes in non-cash working capital items | (13) | (3,081)
Total cash used in operating activities | (8,961) | (13,476)
Cash flows used investing activities |  |
Option payments received | 579 | 67
Interest received on cash and cash equivalents | 295 | 1,612
Dividends and other distributions | 207 | 4,952
Acquisition of royalty and other property interests | (5,120) | (560)
Purchase of preferred shares | (4,797) | 0
Proceeds (purchases) of fair value through profit and loss investments, net | 395 | (2,536)
Purchase of fair value through other comprehensive income investments | 0 | (4,580)
Loans receivable | 526 | (800)
Purchase and sale of property and equipment, net | (165) | (199)
Reclamation bonds | 276 | (288)
Total cash used in investing activities | (7,804) | (2,332)
Cash flows from financing activities |  |
Proceeds from exercise of options | 2,156 | 2,103
Total cash provided by financing activities | 2,156 | 2,103
Effect of exchange rate changes on cash and cash equivalents | (1,967) | (3,476)
Change in cash and cash equivalents | (16,576) | (17,181)
Cash and cash equivalents, beginning | 68,994 | 86,175
Cash and cash equivalents, ending | $ 52,418 | $ 68,994

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