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Cash flow information
12 Months Ended
Dec. 31, 2015
Cash flow information  
Cash flow information

 

20.Cash flow information

 

The following table reconciles net income (loss) for the period to cash used in operations:

 

 

 

The Year Ended December 31,

 

 

 

2015

 

2014

 

 

 

(in thousands)

 

Cash flows from operating activities:

 

 

 

 

 

Net loss

 

$

(25,383

)

$

(18,823

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

Amortization and depreciation

 

4,480

 

3,128

 

Gain on sale of assets, net

 

(719

)

(689

)

Accretion of asset retirement obligation

 

198

 

200

 

Asset write off

 

27

 

138

 

Write off of loss contingency, net

 

(1,969

)

(1,645

)

Decrease in warrant liability

 

(1,344

)

(1,693

)

Decrease in derivative liability

 

(553

)

 

 

Amortization of deferred loan costs

 

54

 

 

Impairment of long lived assets

 

13,181

 

 

Foreign exchange gain on loss contingency

 

(106

)

(281

)

Stock compensation

 

453

 

926

 

Changes in operating assets and liabilities:

 

 

 

 

 

(Increase) decrease in trade accounts receivable

 

(546

)

25

 

Decrease in prepaid expenses and other assets

 

384

 

287

 

Decrease (increase) in inventories

 

861

 

(764

)

Decrease in value added tax receivable (net)

 

916

 

449

 

Increase in accrued interest payable net of amounts capitalized

 

81

 

 

(Decrease) increase in accounts payable and accrued liabilities

 

(402

)

358

 

Increase in deferred revenue

 

500

 

 

(Decrease) increase in deferred leasehold payments

 

(11

)

42

 

Decrease in reclamation liability

 

(37

)

(117

)

 

 

 

 

 

 

Net cash used in operating activities

 

$

(9,935

)

$

(18,459

)

 

 

 

 

 

 

 

 

 

The Company did not make any cash payments for interest or income taxes during the years ended December 31, 2015 and 2014.