| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net earnings | ||||||
-658,000 | -162,000 | |||||
Adjustments for: | ||||||
Reclamation expenditures | ||||||
24,000 | 28,000 | |||||
Items not affecting cash: | ||||||
Depreciation and depletion | ||||||
990,000 | 1,024,000 | |||||
Share of net earnings related to associates and joint venture | ||||||
-189,000 | -171,000 | |||||
Impairment (reversal of impairment) of mining interests, net | ||||||
244,000 | -49,000 | |||||
Share-based compensation | ||||||
30,000 | 52,000 | |||||
Unrealized loss (gains) on derivatives, net | ||||||
-2,000 | 9,000 | |||||
Gain on disposition of mining interest, net of transaction costs | ||||||
-42,000 | - | |||||
Revision of estimates and accretion of closure cost obligations | ||||||
-20,000 | -7,000 | |||||
Foreign exchange loss | ||||||
19,000 | 13,000 | |||||
Deferred income tax recovery | ||||||
-661,000 | -65,000 | |||||
Other | ||||||
19,000 | -11,000 | |||||
Decrease (increase) in working capital | ||||||
-145,000 | 126,000 | |||||
Net cash provided by operating activities | ||||||
1,211,000 | 799,000 | |||||
Investing activities | ||||||
Acquisition of mining interests | ||||||
266,000 | -6,000 | |||||
Expenditures on mining interests | ||||||
1,075,000 | 696,000 | |||||
Return of capital investment in associate | ||||||
65,000 | 24,000 | |||||
Proceeds from dispositions of mining interests, net of transaction costs | ||||||
320,000 | - | |||||
Interest paid | ||||||
35,000 | 25,000 | |||||
(Purchases) proceeds of short-term investments and available-for-sale securities, net | ||||||
-48,000 | 37,000 | |||||
Settlement of deferred payment obligation | ||||||
5,000 | - | |||||
Other | ||||||
-61,000 | - | |||||
Net cash used in investing activities | ||||||
-1,105,000 | -654,000 | |||||
Financing activities | ||||||
Debt repayments | ||||||
- | 202,000 | |||||
(Repayment) draw down of credit facility, net | ||||||
-30,000 | 30,000 | |||||
Finance lease payments | ||||||
6,000 | 5,000 | |||||
Dividends paid to shareholders | ||||||
62,000 | 97,000 | |||||
Common shares issued | ||||||
1,000 | 3,000 | |||||
Other | ||||||
- | -23,000 | |||||
Net cash used in financing activities | ||||||
-97,000 | -294,000 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
0 | 0 | |||||
Increase (decrease) in cash and cash equivalents | ||||||
9,000 | -149,000 | |||||
Cash and cash equivalents reclassified as held for sale at the beginning of the period | ||||||
-20,000 | 20,000 | |||||