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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