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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:        
Net loss $ (29,114,000) $ (32,092,000) $ (113,522,000) $ (77,479,000)
Adjustments to reconcile net loss for the period to net cash used in operating activities:        
Non-cash portion of interest expense - Note 10     34,696,000 39,207,000
Mine site period costs - Note 4     32,024,000 0
Write-down of production inventories - Note 4 0 14,347,000 17,924,000 14,347,000
Impairment on equipment not in use - Note 5 5,331,000 0 5,331,000 0
Depreciation and amortization     4,270,000 1,233,000
Stock-based compensation - Note 14     1,991,000 697,000
Salary continuation and compensation costs     1,940,000 0
Fair value adjustment to Seller Warrants - Note 18 190,000 0 190,000 0
Accretion - Note 11 93,000 106,000 280,000 317,000
Phantom share compensation     225,000 706,000
Amortization reduction of Sprott Royalty Obligation - Note 9 (5,300)   (19,800) 0
Changes in operating assets and liabilities:        
Accounts receivable     (500,000) 0
Production-related inventories     (71,787,000) (25,852,000)
Materials and supplies inventories     (2,094,000) (1,072,000)
Prepaids and other assets, current and non-current     (2,765,000) (25,000)
Accounts payable     6,926,000 4,270,000
Other liabilities, current and non-current     497,000 6,000
Interest payable     (818,000) (450,000)
Net cash used in operating activities     (85,212,000) (44,095,000)
Cash flows used in investing activities:        
Additions to plant, equipment, and mine development     (19,237,000) (10,809,000)
Net cash used in investing activities     (19,237,000) (10,809,000)
Cash flows from financing activities:        
Proceeds from Sprott Royalty Obligation - Note 3 and 9     30,000,000 0
Proceeds from Recapitalization Transaction - Note 3     10,419,000 0
Proceeds from warrant exercise     1,000 0
Transaction and issuance costs     (15,801,000) (3,075,000)
Net cash provided by financing activities     106,641,000 48,844,000
Net increase (decrease) in cash and restricted cash     2,192,000 (6,060,000)
Cash and restricted cash, beginning of period     48,967,000 52,861,000
Cash, end of period 51,159,000 46,801,000 51,159,000 46,801,000
Reconciliation of cash and restricted cash:        
Cash 11,505,000 4,963,000 11,505,000 4,963,000
Restricted cash - current 0 2,518,000 0 2,518,000
Restricted cash - non-current 39,654,000 39,320,000 39,654,000 39,320,000
Total cash and restricted cash $ 51,159,000 $ 46,801,000 51,159,000 46,801,000
Sprott Credit Agreement        
Cash flows from financing activities:        
Proceeds from issuance of debt     68,600,000 0
1.25 Lien Notes        
Cash flows from financing activities:        
Proceeds from issuance of debt     44,841,000 51,919,000
First Lien Agreement        
Cash flows from financing activities:        
Repayment of debt     (125,468,000) 0
Promissory Note        
Cash flows from financing activities:        
Repayment of debt     (6,914,000) 0
Private placement        
Cash flows from financing activities:        
Proceeds from issuance of equity     75,963,000 0
Forward purchase contract        
Cash flows from financing activities:        
Proceeds from issuance of equity     $ 25,000,000 $ 0