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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Income (loss) for the year $ (4,633) $ 3,349
Items not affecting operating activities:    
Interest income (1,549) (1,773)
Effect of exchange rate changes on cash and cash equivalents (70) 579
Items not affecting cash:    
Loss on revaluation of investments 1,732 3,757
Equity income from investment in associate (Note 6) (4,134) (2,890)
Share-based payments (Note 16) 2,068 3,429
Loss (gain) on debt modification and provisioning of receivables (Note 5 and 10 ) 3,049 (4,260)
Deferred income tax expense (recovery) (Note 11) (282) 4,175
Depletion and depreciation (Note 7) 5,220 5,784
Finance expense (Note 10) 5,091 5,247
Impairment charges (Note 7) 70 5,526
Shares received pursuant to property agreements (2,526) (947)
Other non-cash movements (Note 21) (1,575) (2,274)
Changes in non-cash working capital items (Note 21) 4,598 (3,215)
Total cash provided by operating activities 7,059 16,487
Cash flows from investing activities    
Dividends and other distributions (Note 6) 7,225 5,441
Loan receivable (Note 17) (750) 0
Proceeds from loan repayment (Note 17) 500 2,544
Acquisition of royalty and other property interests, net 0 (484)
Purchase of investment in associated entity (Note 6) (3,517) (25,742)
Sale (purchases) of fair value through profit and loss investments, net 4,921  
Sale (purchases) of fair value through profit and loss investments, net   (1,912)
Other movements (Note 21) 448 176
Total cash provided by (used in) investing activities 8,827 (19,977)
Cash flows from financing activities    
Loan repayments (Note 10) (13,142) (11,486)
Proceeds from private placement 0 10,000
Share issue costs 0 (39)
Proceeds from exercise of options and settlement of RSUs, net 1,085 1,037
Deferred financing costs (60) (38)
Total cash used in financing activities (12,117) (526)
Effect of exchange rate changes on cash and cash equivalents 70 (579)
Change in cash and cash equivalents 3,839 (4,595)
Cash and cash equivalents, beginning 16,838 21,433
Cash and cash equivalents, ending $ 20,677 $ 16,838