XML 34 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Earnings (loss) for the year $ 24,908 $ (16,790)
Adjusted for:    
Interest income (228) (36)
Items not involving cash:    
Net gain on disposition of mineral interests (48,390) 0
Unrealized net loss on marketable securities 135 869
Realized net loss on marketable securities 0 311
Depreciation 341 371
Impairment expense 5,506 42
Net loss from associates 5,880 0
Amortization of flow-through share premium 3,124 4,520
Accretion of provision for site reclamation and closure 94 69
Share-based compensation 1,669 2,046
Interest expense 100 98
Other 0 (1)
Changes in non-cash working capital (903) 266
Cash (used in) operating activities (14,012) (17,273)
Investing activities:    
Interest income 228 36
Acquisition of mineral interests, net of cash acquired (1,281) (1,210)
Option payment received 310 150
Acquisition of Homestake Ridge royalty, inclusive of fees 0 (110)
Acquisition of Universal Mineral Services Ltd (1) 0
Proceeds from disposition of mineral interests, net of transaction costs (4,479) 0
Proceeds from disposition of investment in associate, net of transaction costs 6,774 0
Proceeds from sale of marketable securities 0 1,000
Marketable securities additions (60) 0
Property and equipment additions, net of disposals 0 (87)
Decrease (increase) in restricted cash (14) 35
Cash provided by (used in) investing activities 10,435 (186)
Financing activities:    
Proceeds from issuance of common shares, net of costs 10,864 5,385
Lease payments (235) (180)
Proceeds from share option and warrant exercises 0 152
Cash provided by financing activities 10,629 5,357
Effect of foreign exchange on cash 2 0
(Increase) decrease in cash 7,050 (12,102)
Cash, beginning of the year 3,259 15,361
Cash, end of the year $ 10,309 $ 3,259