| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income for the year | ||||||
10,537 | 25,254 | |||||
Items not affecting cash: | ||||||
Depletion and depreciation and financing amortization | ||||||
30,723 | 28,489 | |||||
Mineral, royalty and other interests impairments | ||||||
9,104 | 2,507 | |||||
Deferred income tax expense | ||||||
3,209 | 4,225 | |||||
Share-based payments | ||||||
3,785 | 3,106 | |||||
(Gain) on revaluation of investments | ||||||
-5,827 | -22,093 | |||||
Unrealized foreign exchange gain | ||||||
-2,122 | - | |||||
Interest on loan receivable | ||||||
-409 | -1,528 | |||||
(Gain) loss on mineral interest disposal and other | ||||||
-5,024 | 655 | |||||
Changes in non-cash working capital | ||||||
-797 | 1,624 | |||||
Cash flow from (used in) operating activities | ||||||
44,773 | 38,991 | |||||
Investing activities | ||||||
Acquisition of Mariana Resources Limited | ||||||
48,299 | - | |||||
Proceeds from disposal of investments and other | ||||||
14,352 | 12,774 | |||||
Proceeds from disposal of mineral, royalty and other interests | ||||||
3,600 | 5,617 | |||||
Acquisition of mineral, royalty and other interests | ||||||
4,409 | 10,806 | |||||
Investment in Hot Maden interest | ||||||
584 | - | |||||
Acquisition of investments and other assets | ||||||
4,761 | 5,731 | |||||
Loan repayment | ||||||
- | 2,993 | |||||
Loan issuance | ||||||
- | 1,000 | |||||
Cash flow from (used in) investing activities | ||||||
-40,101 | 3,847 | |||||
Financing activities | ||||||
Redemption of common shares (normal course issuer bid) | ||||||
17,729 | 2,280 | |||||
Bank debt drawn | ||||||
16,000 | 5,000 | |||||
Bank debt repaid | ||||||
16,000 | 88,500 | |||||
Proceeds on exercise of warrants, options and other | ||||||
2,605 | 5,455 | |||||
Proceeds from issuance of common shares net of financing costs | ||||||
- | 53,453 | |||||
Cash flow from (used in) financing activities | ||||||
-15,124 | -26,872 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
1,557 | 122 | |||||
Net increase (decrease) in cash and cash equivalents | ||||||
-8,895 | 16,088 | |||||