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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2021
CAD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CAD ($)
Dec. 31, 2020
USD ($)
Operating activities:        
Loss for the year from continuing operations $ (16,790,000) $ (16,790,000) $ (10,763,000)  
Adjusted for:        
Interest income 36,000   91,000  
Items not involving cash:        
Unrealized net gain on marketable securities (869,000)   565,000  
Realized net loss on marketable securities   311,000   $ 0
Depreciation 371,000   252,000  
Amortization of flow-through share premium (4,520,000)   (453,000)  
Share-based compensation 2,046,000   2,530,000  
Bridge loan expense 0   483,000  
Accretion expense 69,000   34,000  
Interest expense on lease liability 98,000 98,000 0 0
Impairment of equipment   42,000   0
Other 1,000   12,000  
Changes in non-cash working capital 266,000   (896,000)  
Cash used in operating activities, continuing operations (17,273,000)   (9,457,000)  
Cash used in operating activities, discontinued operation 0   (3,224,000)  
Investing activities:        
Interest received 36,000   91,000  
Disposition of Peruvian projects to Spincos 0   (12,781,000)  
Transaction costs paid on behalf of Spincos 0   (1,400,000)  
Acquisition of Eastmain, net of cash acquired (1,210,000)   (1,403,000)  
Option payment received 150,000   150,000  
Acquisition of Homestake Ridge royalty, inclusive of fees (110,000)   0  
Proceeds from sale of marketable securities 1,000,000      
Property and equipment additions, net of disposals (87,000)   0  
Decrease (increase) in restricted cash 35,000   (50,000)  
Other 0   27,000  
Cash (used in) provided by investing activities, continuing operations (186,000)   (15,366,000)  
Cash used in investing activities, discontinued operation 0   (1,210,000)  
Financing activities:        
Proceeds from issuance of common shares, net of cash share issuance costs 5,385,000   19,885,000  
Proceeds from issuance of flow-through shares 0   16,350,000  
Interest paid 0   64,000  
Lease payments 180,000   25,000  
Proceeds from share option and warrant exercises 152,000   7,812,000  
Cash provided by financing activities, continuing operations 5,357,000   43,958,000  
(Decrease) increase in cash (12,102,000)   14,701,000  
Cash, beginning of the year 15,361,000     $ 660,000
Cash, end of the period $ 3,259,000 $ 3,259,000 $ 15,361,000