CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
| Cash flows from operating activities: |
|
|
|
| Net income |
$ 8,028
|
$ 4,359
|
$ 5,832
|
| Net income from discontinued operations |
|
10,690
|
300
|
| Net income (loss) from continuing operations |
8,028
|
(6,331)
|
5,532
|
| Adjustments to reconcile net income from continuing operations to net cash from operating activities: |
|
|
|
| Deferred income tax (benefit) expense |
(2,216)
|
3,508
|
3,857
|
| Depreciation and amortization |
16,147
|
17,601
|
19,917
|
| Stock-based compensation |
875
|
2,230
|
1,932
|
| Share-based compensation |
877
|
|
|
| Other operating adjustments |
2,709
|
(404)
|
305
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(4,446)
|
4,136
|
(6,618)
|
| Inventories |
(708)
|
1,036
|
(1,976)
|
| Prepaid expenses and other current assets |
(267)
|
(405)
|
1,097
|
| Other noncurrent assets |
(8)
|
4
|
(3)
|
| Accounts payable and other accrued liabilities |
5,930
|
(588)
|
175
|
| Mining royalty and income taxes payable, net |
8,737
|
426
|
(106)
|
| Net cash provided by operating activities from continuing operations |
|
21,213
|
24,112
|
| Net cash provided by operating activities |
34,783
|
|
|
| Cash flows from investing activities: |
|
|
|
| Capital expenditures |
(20,610)
|
(12,811)
|
(16,936)
|
| Cash acquisition costs, net of cash acquired |
(2,363)
|
|
|
| Proceeds from the sale of gold and silver rounds |
|
4,846
|
2
|
| Net cash used in investing activities from continuing operations |
|
(7,965)
|
(16,934)
|
| Net cash used in investing activities |
(22,973)
|
|
|
| Cash flows from financing activities: |
|
|
|
| Proceeds from the exercise of stock options |
300
|
|
98
|
| Proceeds from issuance of stock |
|
25,795
|
24,449
|
| Dividends paid |
(3,366)
|
(2,790)
|
(1,491)
|
| Cash related to the spin-off |
|
(27,774)
|
|
| Other financing activities |
3
|
|
|
| Other financing activities from discontinued operations |
|
(452)
|
(2,019)
|
| Net cash (used in) provided by financing activities |
(3,063)
|
(5,221)
|
21,037
|
| Effect of exchange rate changes on cash and cash equivalents |
(440)
|
(528)
|
(455)
|
| Cash flows from discontinued operations: |
|
|
|
| Net cash provided by operating activities |
|
14,184
|
(2,705)
|
| Net cash used in investing activities |
|
(6,488)
|
(22,538)
|
| Net increase in cash and cash equivalents |
8,307
|
15,195
|
2,517
|
| Cash and cash equivalents of continuing operations at beginning of period |
25,405
|
10,210
|
7,693
|
| Cash and cash equivalents of continuing operations at end of period |
$ 33,712
|
$ 25,405
|
$ 10,210
|