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SUPPLEMENTAL CASH FLOW INFORMATION
12 Months Ended
Dec. 31, 2018
Statement of cash flows [abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION
24. SUPPLEMENTAL CASH FLOW INFORMATION
During the year ended December 31, 2018 and 2017, there was no payment of income taxes. The Company paid $7.9 million of interest during the year ended December 31, 2018 (the year ended December 31, 2017 - $7.3 million).
Changes in working capital for the year ended December 31, 2018 and 2017 are as follows:
 
For the Years Ended December 31,
 
2018
 
2017
Decrease in accounts receivable
$
215

 
$
3,871

Decrease/(increase) in inventories
9,187

 
(7,684
)
Increase in prepaids and other
(737
)
 
(2,132
)
Decrease in accounts payable and accrued liabilities
(25,837
)
 
(1,503
)
Total changes in working capital
$
(17,172
)
 
$
(7,448
)

Other includes the following components:
 
For the Years Ended December 31,
 
2018
 
2017
(Gain)/loss on disposal of assets
$
(305
)
 
$
672

Inventory net realizable value adjustment and write-off
5,544

 
2,410

Loss on fair value of 5% Convertible Debentures

 
317

Gain on fair value of warrants

 
(86
)
Loss/(gain) on fair value of marketable securities
175

 
(64
)
Accretion of vendor agreement
731

 
731

Accretion of rehabilitation provisions (see Note 10)
691

 
1,245

Amortization of financing fees
1,322

 
378

Accretion of 7% Convertible Debentures discount
2,097

 
1,845

Gain on reduction of rehabilitation provisions
(3,080
)
 
(4,945
)
Loss on conversion of 7% Convertible Debentures, net

 
165

Gain on warrant exercise

 
(193
)
Interest on financing component of deferred revenue (see Note 11)
4,750

 

 
$
11,925


$
2,475


Reconciliation of debt arising from financing activities during the year ended December 31, 2018 and 2017:
 
Equipment financing credit facility
Finance leases
Ecobank Loan III
Ecobank Loan IV
Vendor agreement
5% Convertible Debentures
7% Convertible Debentures
Royal Gold loan
Total
December 31, 2016
$
1,119

$
1,959

$

$

$
22,338

$
13,294

$
47,617

$
18,496

$
104,823

Cash flows
 
 
 
 
 
 
 
 

Proceeds from debt agreements


10,000






10,000

Principal payments on debt
(972
)
(1,226
)






(2,198
)
Fair value loss on the 5% Convertible Debentures





317



317

5% Convertible Debentures repayment





(13,611
)


(13,611
)
Non-cash changes
 
 
 
 
 
 
 
 

Capitalized loan fee


(499
)





(499
)
New lease

765







765

Conversion of 7% Convertible Debentures






(6,947
)

(6,947
)
Accretion of debt


58


731


1,845

321

2,955

December 31, 2017
$
147

$
1,498

$
9,559

$

$
23,069

$

$
42,515

$
18,817

$
95,605

Cash flows
 
 
 
 
 
 
 
 

Proceeds from debt agreements


15,000

20,000





35,000

Principal payments on debt
(147
)
(1,714
)
(4,723
)
(1,999
)
(7,024
)



(15,607
)
Royal Gold loan repayment







(20,000
)
(20,000
)
Non-cash changes
 
 
 
 
 
 
 
 

Capitalized loan fee



(340
)




(340
)
New lease

1,899







1,899

Accretion of debt


99

39

731


2,097

1,183

4,149

December 31, 2018
$

$
1,683

$
19,935

$
17,700

$
16,776

$

$
44,612

$

$
100,706