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CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Loss for the year $ (29,749) $ (6,007)
Items not affecting operating activities:    
Interest income received (1,149) (880)
Effect of exchange rate changes on cash and cash equivalents 1,479 1,967
Items not affecting cash:    
Change in fair value of fair value through profit or loss assets 6,278 (6,162)
Equity income from investment in associates (3,482) 0
Share - based payments 4,601 2,784
Bonus shares issued 13 0
Deferred income tax expense (recovery) (3,898) 2,113
Depreciation 102 63
Depletion 3,029 1,123
Finance charges, net of settlement gains 2,560 0
Realized gain on sale of investments (465) (250)
Impairment charge 10,496 0
Loss on sale of royalty and other property interests 0 88
Shares received pursuant to property agreements (2,561) (3,756)
Unrealized foreign exchange (gain) loss 2,821 (31)
Changes in non-cash working capital items 34 (13)
Total cash used in operating activities (9,891) (8,961)
Cash flows used in investing activities    
Option payments received 643 579
Interest received on cash and cash equivalents 219 295
Dividends and other distributions 2,424 207
Loan receivable, net of interest received (2,359) 526
Proceeds from loan repayment 550 0
Acquisition of royalty and other property interests, net (41,696) (5,120)
Purchase of preferred shares 0 (4,797)
Purchase of equity investments (47,970) 0
Proceeds (purchases) of fair value through profit and loss investments, net (1,616) 395
Purchase of property and equipment (206) (165)
Reclamation bonds (604) 276
Total cash used in investing activities (90,615) (7,804)
Cash flows from financing activities    
Loans payable 54,491 0
Loan repayments (1,487) 0
Proceeds from private placement 21,450 0
Share issue costs (630) 0
Proceeds from exercise of options 1,407 2,156
Deferred financing costs (446) 0
Total cash provided by financing activities 74,785 2,156
Effect of exchange rate changes on cash and cash equivalents (1,479) (1,967)
Change in cash and cash equivalents (27,200) (16,576)
Cash and cash equivalents, beginning 52,418 68,994
Cash and cash equivalents, ending $ 25,218 $ 52,418