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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2021
Discontinued Operations |
Schedule of discontinued operations in company's condensed consolidated financial statements | Results of discontinued operations for the three and nine months ended September 30, 2020, are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | For the three months ended September 30, | ​ | For the nine months ended September 30, | ​
​ | 2020 | ​ | 2020 |
​ | (Unaudited) | ​ | (Unaudited) | ​
Sales, net | $ | 15,851 | ​ | $ | 30,284 | ​
Mine cost of sales | ​ | 10,714 | ​ | ​ | 25,872 | ​
Mine gross profit | ​ | 5,137 | ​ | ​ | 4,412 | ​
Exploration expenses | ​ | 780 | ​ | ​ | 1,373 | ​
Other expense, net | ​ | 62 | ​ | ​ | 172 | ​
Profit before income taxes | ​ | 4,295 | ​ | ​ | 2,867 | ​
Income tax benefit | ​ | (957) | ​ | ​ | (413) | ​
Net income from discontinued operations | $ | 5,252 | ​ | $ | 3,280 | ​
​ Selected Statements of Cash Flows presenting depreciation and amortization, capital expenditures, sale proceeds and significant operating noncash items of FGC were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | For the three months ended September 30, | ​ | For the nine months ended September 30,
​ | ​ | ​ | 2020 | ​ | 2020
​ | ​ | ​ | (Unaudited) | ​ | ​ | (Unaudited)
Cash flows from discontinued operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | ​ | $ | 5,252 | ​ | $ | 3,280
Adjustments to reconcile net income to net cash from discontinued operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred income benefit | ​ | ​ | ​ | (957) | ​ | ​ | (413)
Depreciation and amortization | ​ | ​ | ​ | 2,981 | ​ | ​ | 6,263
Other operating adjustments | ​ | ​ | ​ | 24 | ​ | ​ | 17
Changes in operating assets and liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts receivable | ​ | ​ | ​ | (1,500) | ​ | ​ | (1,599)
Inventories | ​ | ​ | ​ | 154 | ​ | ​ | (2,662)
Prepaid expenses and other current assets | ​ | ​ | ​ | (6) | ​ | ​ | (17)
Other non-current assets | ​ | ​ | ​ | (1,048) | ​ | ​ | (1,304)
Accounts payable and other accrued liabilities | ​ | ​ | ​ | 1,654 | ​ | ​ | 958
Mining royalty and income taxes payable, net | ​ | ​ | ​ | 675 | ​ | ​ | 675
Net cash provided by discontinued operating activities | ​ | ​ | ​ | 7,229 | ​ | ​ | 5,198
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from discontinued investing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | ​ | ​ | (173) | ​ | ​ | (6,368)
Net cash used in discontinued investing activities | ​ | ​ | ​ | (173) | ​ | ​ | (6,368)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from discontinued financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash transferred from Gold Resource Corporation prior to spin-off | ​ | ​ | ​ | 294 | ​ | ​ | 8,786
Repayment of loans payable | ​ | ​ | ​ | 109 | ​ | ​ | (326)
Repayment of finance leases | ​ | ​ | ​ | (440) | ​ |  | (656)
Net cash provided (to) by discontinued financing activities | ​ | ​ | ​ | (37) | ​ | ​ | 7,804
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental Cash Flow Information Discontinued Operations | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-cash investing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Change in capital expenditures in accounts payable | ​ | ​ | $ | (14) | ​ | $ | (1,532)
Change in estimate for asset retirement costs | ​ | ​ | $ | 307 | ​ | $ | 1,404

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