| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net earnings (loss) for the year | ||||||
-53,272 | 8,601 | |||||
Adjustments for: | ||||||
Depletion, depreciation and amortization | ||||||
78,077 | 80,352 | |||||
Share-based payments | ||||||
8,295 | 4,403 | |||||
Impairment of non-current assets | ||||||
65,500 | 0 | |||||
Income tax expense (recovery) | ||||||
-22,028 | 16,890 | |||||
Finance costs | ||||||
4,271 | 7,963 | |||||
Other | ||||||
143 | -10,934 | |||||
Operating cash flows before movements in working capital and taxes | ||||||
80,986 | 107,275 | |||||
Net change in non-cash working capital items | ||||||
4,419 | 2,544 | |||||
Income taxes paid | ||||||
6,116 | 4,719 | |||||
Cash generated by operating activities | ||||||
70,451 | 100,012 | |||||
Investing Activities | ||||||
Expenditures on mining interests | ||||||
54,571 | 43,770 | |||||
Acquisition of property, plant and equipment | ||||||
20,941 | 18,690 | |||||
Deposits paid for acquisition of non-current assets | ||||||
416 | 521 | |||||
Purchase of marketable securities | ||||||
0 | 3,653 | |||||
Proceeds from sale of marketable securities | ||||||
0 | 48 | |||||
Cash used in investing activities | ||||||
-75,928 | -66,586 | |||||
Financing Activities | ||||||
Proceeds from exercise of stock options | ||||||
5,740 | 22,371 | |||||
Repayment of debt facilities | ||||||
12,726 | 21,363 | |||||
Proceeds from equipment financing obligations | ||||||
7,894 | 0 | |||||
Repayment of equipment financing obligations | ||||||
6,781 | 10,239 | |||||
Finance costs paid | ||||||
2,779 | 6,925 | |||||
Proceeds from debt facilities | ||||||
0 | 49,870 | |||||
Repayment of prepayment facilities | ||||||
0 | 31,604 | |||||
Proceeds from private placement, net of share issue costs | ||||||
0 | 42,716 | |||||
Cash provided by (used in) financing activities | ||||||
-8,652 | 44,826 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
3,221 | -221 | |||||
Net increase (decrease) in cash and cash equivalents | ||||||
-14,129 | 78,252 | |||||