CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (LOSS) - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
| Income Statement |
|
|
| Revenue |
$ 165,320
|
$ 138,461
|
| Cost of sales: |
|
|
| Direct production costs |
89,603
|
74,101
|
| Royalties |
13,783
|
8,154
|
| Share-based payments |
421
|
330
|
| Depreciation, depletion and amortization |
23,977
|
28,136
|
| Write down of inventory to net realizable value |
1,168
|
405
|
| Cost of sales |
128,952
|
111,126
|
| Mine operating earnings |
36,368
|
27,335
|
| Expenses: |
|
|
| Exploration and evaluation |
17,925
|
9,756
|
| General and administrative |
10,063
|
12,715
|
| Care and maintenance costs |
1,356
|
5,233
|
| Impairment (reversal of impairment) of non-current assets, net |
(16,791)
|
424
|
| Severance costs |
870
|
0
|
| Write off of exploration properties |
715
|
0
|
| Total expenses |
14,138
|
28,128
|
| Operating earnings (loss) |
22,230
|
(793)
|
| Finance costs |
985
|
1,357
|
| Other income (expense): |
|
|
| Foreign exchange |
(1,131)
|
(1,553)
|
| Gain on asset disposal |
5,841
|
0
|
| Investment and other |
3,733
|
2,649
|
| Total other income (expense) |
8,443
|
1,096
|
| Earnings (loss) before income taxes |
29,688
|
(1,054)
|
| Income tax expense (recovery): |
|
|
| Current income tax expense |
3,481
|
2,993
|
| Deferred income tax expense (recovery) |
12,252
|
(5,206)
|
| Income tax expense |
15,733
|
(2,213)
|
| Net earnings and comprehensive earnings for the year |
$ 13,955
|
$ 1,159
|
| Basic earnings per share based on net earnings (in dollars per share) |
$ 0.08
|
$ 0.01
|
| Diluted earnings per share based on net earnings (in dollars per share) |
$ 0.08
|
$ 0.01
|
| Basic weighted average number of shares outstanding (in shares) |
167,289,732
|
150,901,598
|
| Diluted weighted average number of shares outstanding (in shares) |
170,663,883
|
154,039,714
|