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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Cash flows used in operating activities:        
Net loss $ (23,213) $ (32,278) $ (41,328) $ (117,608)
Adjustments to reconcile net loss for the period to net cash used in operating activities:        
Non-cash portion of interest expense - Note 9     13,042 34,696
Non-cash (gain) loss on fair value adjustment for warrant liabilities - Note 11 (812) 3,354 (10,956) 4,276
Depreciation and amortization     5,175 4,250
Stock-based compensation - Note 14     2,227 1,991
Write-off of deposit 916 0 916 0
Accretion - Note 12 102 93 306 280
Write-down of production inventories - Note 4     0 17,924
Impairment on equipment not in use - Note 5 0 5,331 0 5,331
Phantom share compensation     0 225
Changes in operating assets and liabilities:        
Accounts receivable     79 (500)
Income tax receivable     (95) 0
Production-related inventories     5,351 (39,763)
Materials and supplies inventories     (1,141) (2,094)
Prepaids and other assets, net     (1,634) (2,765)
Accounts payable and accrued expenses     (1,852) 6,926
Deferred revenue     1,598 0
Other liabilities     1,262 1,619
Net cash used in operating activities     (27,050) (85,212)
Cash flows used in investing activities:        
Additions to plant, equipment, and mine development     (11,908) (19,237)
Net cash used in investing activities     (11,908) (19,237)
Cash flows (used in) provided by financing activities:        
Principal payments on debt     (2,978) 0
Principal payments on capital leases     (58) 0
Proceeds from sale of royalty to Sprott - Note 10     0 30,000
Proceeds from Recapitalization Transaction     0 10,419
Transaction and issuance costs     0 (15,801)
Net cash (used in) provided by financing activities     (3,036) 106,641
Net (decrease) increase in cash and restricted cash     (41,994) 2,192
Cash and restricted cash, beginning of period     96,040 48,967
Cash and restricted cash, end of period 54,046 51,159 54,046 51,159
Reconciliation of cash and restricted cash:        
Cash 19,753 11,505 19,753 11,505
Restricted cash 34,293 39,654 34,293 39,654
Total cash and restricted cash $ 54,046 $ 51,159 54,046 51,159
Sprott Credit Agreement        
Proceeds from issuance of debt     0 68,600
The 1.25 Lien Notes        
Proceeds from issuance of debt     0 44,841
First Lien Agreement        
Repayment of debt     0 (125,468)
Promissory Note        
Repayment of debt     0 (6,914)
Private Placement        
Proceeds from issuance of equity     0 75,963
Forward purchase contract        
Proceeds from issuance of equity     $ 0 $ 25,000