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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income $ 18,115 $ 19,280
Adjustments for:    
Depletion, depreciation and amortization expense 15,892 15,009
Accretion expense 172 183
Interest expense 3,382 2,263
Income tax expense 5,864 3,359
Unrealized gain on risk management contracts (336) (1,813)
Stock based compensation (Note 15) 1,075 790
Unrealized foreign exchange loss (gain) 10 (3)
Amortization of loan acquisition costs 195 128
Gain on sale of assets (8)
Cash paid for interest (2,990) (1,742)
Cash paid for income taxes (530)
Changes in non-cash working capital (Note 8) (1,952) 1,193
Net cash from operating activities 38,889 38,647
Cash flows from investing activities    
Additions to property, plant and equipment (Note 9) (31,251) (53,173)
Proceeds from sale of assets, net 8
Change in non-cash working capital (Note 8) (4,965) 3,299
Net cash used in investing activities (36,208) (49,874)
Cash flows from financing activities    
Proceeds from loans and borrowings 16,433 16,885
Repayment of loans and borrowings (13,000) (5,200)
Purchases of treasury stock (1,154)
Principal paid on lease payments (1,203) (800)
Interest paid on lease payments (82) (103)
Proceeds from stock option exercises 46 6
Net cash from financing activities 1,040 10,788
Foreign exchange effect on cash and cash equivalents (5)
Change in cash and cash equivalents 3,716 (439)
Cash and cash equivalents, beginning of year 598 1,037
Cash and cash equivalents, end of year $ 4,314 $ 598