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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Loss for the year from continuing operations $ (10,763) $ (9,548)
Adjusted for:    
Interest and other income (91) (43)
Items not involving cash:    
Unrealized net gain on marketable securities (565) (160)
Depreciation 252 252
Amortization of flow-through share premium (453) (867)
Finance expense related to bridge loan 259 150
Loss on amendment and extinguishment of bridge loan 224 0
Accretion of provision for site reclamation and closure 34 40
Share-based compensation 2,530 2,547
Other 12 (74)
Changes in non-cash working capital (896) 285
Cash used in operating activities, continuing operations (9,457) (7,418)
Cash used in operating activities, discontinued operation (3,224) (3,179)
Investing activities:    
Interest received 91 43
Disposition of Peruvian projects to Spincos (12,781) 0
Acquisition of Eastmain, net of cash acquired (1,403) 0
Transaction costs paid on behalf of Spincos (1,400) 0
Option payment received 150 0
Increase in restricted cash (50) 0
Other 27 (23)
Cash (used in) provided by investing activities, continuing operations (15,366) 20
Cash used in investing activities, discontinued operation (1,210) (937)
Financing activities:    
Proceeds from issuance of common shares, net of cash share issuance costs 19,885 6,976
Proceeds from issuance of flow-through shares 16,350 0
Proceeds from loan, net of transaction costs 0 2,979
Interest paid (64) 0
Lease payments (25) 0
Proceeds from share option and warrant exercises 7,812 572
Cash provided by financing activities, continuing operations 43,958 10,527
Effect of foreign exchange rate changes on cash 0 (6)
Increase (decrease) in cash 14,701 (993)
Cash, beginning of the period 660 1,653
Cash, end of the period $ 15,361 $ 660