| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Revenue | ||||||
150,499 | 156,767 | |||||
Cost of sales: | ||||||
Direct production costs | ||||||
103,330 | 101,896 | |||||
Royalties | ||||||
1,740 | 1,948 | |||||
Share-based compensation | ||||||
202 | 78 | |||||
Depreciation and depletion | ||||||
16,582 | 13,952 | |||||
Write down of inventory to net realizable value | ||||||
166 | 0 | |||||
Cost of sales | ||||||
122,020 | 117,874 | |||||
Mine operating earnings | ||||||
28,479 | 38,893 | |||||
Expenses: | ||||||
Exploration | ||||||
12,898 | 10,378 | |||||
General and administrative | ||||||
7,914 | 9,284 | |||||
Operating expenses | ||||||
20,812 | 19,662 | |||||
Operating earnings (loss) | ||||||
7,667 | 19,231 | |||||
Finance costs | ||||||
715 | 1,172 | |||||
Other income (expense): | ||||||
Write off of IVA receivable | ||||||
0 | 434 | |||||
Foreign exchange | ||||||
-433 | 5,069 | |||||
Investment and other | ||||||
502 | -237 | |||||
Total other income (expense) | ||||||
935 | -5,740 | |||||
Earnings (loss) before income taxes | ||||||
7,887 | 12,319 | |||||
Income tax expense (recovery): | ||||||
Current income tax expense | ||||||
4,650 | 7,755 | |||||
Deferred income tax expense (recovery) | ||||||
-6,447 | 654 | |||||
Total income tax expense | ||||||
-1,797 | 8,409 | |||||
Net earnings (loss) for the year | ||||||
9,684 | 3,910 | |||||
Other comprehensive income (loss), net of tax: | ||||||
Unrealized gain (loss) on available-for-sale financial assets | ||||||
155 | 80 | |||||
Reclassification for realized (gain) loss on available-for-sale financial assets | ||||||
72 | 269 | |||||
Available-for-sale financial assets reclassified to net loss | ||||||
0 | 0 | |||||
Total other comprehensive income (loss) for the year | ||||||
83 | -189 | |||||
Comprehensive income (loss) for the year | ||||||
9,767 | 3,721 | |||||
Basic earnings (loss) per share based on net earnings | ||||||
0.08 | 0.03 | |||||
Diluted earnings (loss) per share based on net earnings | ||||||
0.08 | 0.03 | |||||
Basic weighted average number of shares outstanding | ||||||
127,340 | 117,505 | |||||
Diluted weighted average number of shares outstanding | ||||||
127,957 | 119,030 | |||||