7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2015-06-30 2015-03-31 2014-06-30 2014-03-31 2013-09-30 2013-06-30 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2008-03-31 
      
    		                                                        
      cash flows from operating activities:
    		                                                        
      net income
    		-462,000 3,040,000 -6,270,000 -8,232,000 -2,081,000 -12,995,000 -20,383,000 141,221,000 -28,373,000 -43,261,000 -36,410,000 -42,082,000 -10,542,000 -12,406,000 -21,064,000 -17,401,000 -5,989,000 -12,466,000 -23,542,000 -9,778,000 -19,814,000 -99,191,000 -25,132,000 -11,465,000 -13,014,000 -10,136,000 -20,989,000 -13,290,000 -5,380,000 -5,211,000 12,789,366 -8,072,000 -1,710,000 -3,018,000 -14,116,000 6,021,000 -104,022,000 17,887,000 3,264,000 -128,681,000 -10,982,000 -125,000 -21,251,000 -19,202,000 -23,680,000 -13,154,000 -8,734,000 -8,170,000 -10,703,000 -6,878,000 -15,083,183 -3,907,531 -4,810,316 -114,806,431 -3,752,110 -5,917,269 
      adjustments to reconcile net income from operating activities:
    		                                                        
      income from investment in mcewen copper inc.
    		4,275,000 6,978,000 8,578,000 10,297,000 1,852,000 16,816,000 18,012,000                                                  
      income from investment in minera santa cruz s.a.
    		-3,469,000 -3,596,000 -510,000        3,461,000                                              
      depreciation, amortization and depletion
    		7,643,000 6,853,000 6,171,000 6,854,000 8,921,000 7,652,000 7,436,000                                                  
      unrealized
    		       -4,891,000                                                 
      foreign exchange (gain) loss
    		                   958,000 -101,000 -868,000                                   
      reclamation accretion and adjustments to estimate
    		430,000 1,655,000 794,000 -262,000 910,000 -145,000 361,000 2,154,000 -996,000 904,000 631,000                                              
      income and mining tax recovery
    		-2,096,000 -2,733,000 -2,917,000  -481,000 -2,688,000 -3,128,000  -244,000 -2,049,000 -536,000  -524,000          -1,269,000 -2,192,000   2,121,000                              
      stock-based compensation
    		844,000 1,202,000 178,000 1,102,000 357,000 1,321,000 464,000 617,000 270,000 56,000 28,000 27,000 123,000 7,000 183,000 293,000 212,000 227,000 280,000 30,000 214,000 88,000 213,000 284,000 136,000 61,000 87,000 -214,000 193,000 203,000 -1,080,691 337,000 415,000 330,000 345,000 409,000 229,000 380,000 279,000 308,000 378,000 710,000 562,000 1,573,000 683,000 751,000 471,000 359,000 378,000 265,000       
      non-cash interest expense
    		381,000 370,000 158,000                                                      
      other
    		                                                        
      changes in non-cash working capital items:
    		                                                        
      change in inventories
    		-5,960,000 -8,000,000 -5,170,000                                                      
      change in other assets related to operations
    		938,000 -2,481,000 1,364,000   -1,220,000 -2,277,000 11,237,000 -4,311,000 2,354,000 -2,732,000                                              
      change in accounts payable and accrued liabilities
    		2,321,000 6,901,000 -1,444,000                                                      
      change in deferred revenue
    		9,349,000                                                        
      change in other liabilities related to operations
    		-4,250,000 1,979,000 -1,105,000                                                      
      cash from operating activities
    		5,215,000 478,000 -1,932,000 -1,212,000 23,179,000 3,606,000 3,881,000 16,405,000 -2,280,000 -25,154,000 -28,608,000 -8,057,000 -6,197,000 -28,735,000 -15,620,000 -11,003,000 2,070,000 -10,143,000 -2,600,000 -5,174,000 -8,191,000 -11,908,000 -17,611,000 -12,764,000 1,669,000 -10,821,000 1,321,000 -1,455,000 -10,467,000 11,088,000 9,207,566 2,429,000 -4,802,000 -6,850,000 352,000 5,615,000 -3,212,000 -3,884,000 -1,615,000 -10,191,000 -24,994,000 -20,825,000 -26,269,000 -16,387,000 -17,852,000 -13,096,000 -9,245,000 -7,003,000 -5,804,000 -6,527,000 -8,507,368 -2,410,184 -3,402,420 -5,916,920 -4,087,629 -4,548,275 
      capex
    		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -18,081,000 -24,162,000 -13,347,000 -6,748,000 938,923 -6,000 -588,000 -350,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 
      free cash flows
    		5,215,000 478,000 -1,932,000 -1,212,000 23,179,000 3,606,000 3,881,000 16,405,000 -2,280,000 -25,154,000 -28,608,000 -8,057,000 -6,197,000 -28,735,000 -15,620,000 -11,003,000 2,070,000 -10,143,000 -2,600,000 -5,174,000 -8,191,000 -11,908,000 -17,611,000 -12,764,000 1,669,000 -10,821,000 -16,760,000 -25,617,000 -23,814,000 4,340,000 10,146,489 2,423,000 -5,390,000 -7,200,000 352,000 5,615,000 -3,212,000 -3,884,000 -1,615,000 -10,191,000 -24,994,000 -20,825,000 -26,269,000 -16,387,000 -17,852,000 -13,096,000 -9,245,000 -7,003,000 -5,804,000 -6,527,000 -8,507,368 -2,410,184 -3,402,420 -5,916,920 -4,087,629 -4,548,275 
      ​
    		            -758,000          -287,000 -3,220,000                                 
      cash flows from investing activities:
    		                                                        
      additions to mineral property interests and plant and equipment
    		-10,829,000 -9,649,000 -14,534,000 -12,749,000 -19,140,000 -6,684,000 -4,522,000 -7,822,000        -8,111,000 -10,287,000 -10,085,000 -4,069,000 -801,000 -3,000,000 -5,503,000 -2,680,000 -2,543,000                                 
      advances to related parties - mcewen copper inc.
    		                                                        
      investment in marketable securities
    		-157,000 -598,000 -1,399,000 -287,000                                                     
      dividends received from minera santa cruz s.a.
    		0 0 2,246,000  0   0 0   0 0   0 2,577,000 4,984,000 58,000 0          4,851,000 -7,182,788 2,268,000 2,402,000 2,525,000   3,168,000 3,945,000                   
      investment in mcewen copper inc.
    		   0                                                     
      notes receivable from timberline
    		                                                        
      cash and restricted cash received from acquisition of timberline
    		                                                        
      costs to acquire timberline
    		                                                        
      proceeds from sale of marketable securities
    		29,000 74,000 94,000  0                                                    
      cash from investing activities
    		-10,957,000 -15,229,000 -13,593,000 -12,903,000 -34,019,000 -6,549,000 -4,575,000 -47,748,000 -16,371,000 -30,568,000 -4,950,000 -7,047,000 -8,888,000 -3,921,000 -4,045,000 -8,111,000 -7,218,000 -5,101,000 -4,011,000 160,000 -2,525,000 -5,391,000 4,717,000 3,686,000 -7,972,000 -14,492,000 -27,756,000 -24,568,000 -8,848,000 -8,169,000 -438,472 -6,000 724,000 -314,000        15,745,000 7,625,000 41,807,000    -1,068,000     29,764    
      cash flows from financing activities:
    		                                                        
      proceeds from senior convertible notes
    		0 0 110,000,000                                                      
      convertible notes financing costs
    		0 53,000 -4,176,000                                                      
      principal repayment on long-term debt
    		0 0 -20,000,000                                                      
      purchase of capped call options
    		0 0 -15,114,000                                                      
      proceeds from exercise of stock options
    		                                                        
      proceeds from exercise of warrants
    		   1,000 0 1,000 7,000                                                  
      payment of finance lease obligations
    		-252,000 -316,000 -197,000 -335,000 -502,000 -245,000 -149,000 -126,000 -562,000 -540,000 -408,000 0 -817,000 -1,306,000 -215,000 26,000 -22,000 -8,000 -578,000 -569,000 -502,000 -555,000                                   
      issuance of flow-through common shares, net of issuance costs
    		   0 0                                                    
      cash from financing activities
    		3,451,000 -263,000 70,513,000 -334,000 -502,000 20,180,000 -142,000 13,302,000 -562,000 -25,540,000 184,982,000 4,000 25,946,000 10,044,000 29,461,000 42,576,000 -22,000 41,833,000 9,318,000 9,256,000 -503,000 -493,000 46,399,000 -387,000 2,117,000 21,878,000 15,049,000      0 -1,451,000     76,000 61,000 34,000 260,000 789,000 2,515,000 0 493,000 105,695,000 190,000 75,000 14,000 0   0 0 257,181 
      effect of exchange rate change on cash and cash equivalents
    		-8,000 108,000 4,000 -375,000 421,000 -446,000 -256,000 -7,791,000 -16,495,000           -958,000 855,000 114,000 -79,000 54,000 -46,000 -337,000 987,000 183,000 266,000 314,000 -131,108 97,000 -31,000 65,000            -178,000 368,000   505,000 1,181,388      
      increase in cash, cash equivalents and restricted cash
    		-2,299,000 -14,906,000 54,992,000  -10,921,000 16,791,000 -1,092,000 -25,832,000 -35,708,000 -105,953,000 151,424,000  10,861,000 -22,612,000 9,796,000 23,462,000 -5,170,000 26,589,000     33,426,000   -3,772,000 -10,399,000   1,588,000                           
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 17,464,000  0 0 27,510,000  0 0 43,579,000  0 0 60,634,000 0 0 24,438,000  0 0 46,500,000 0 0 0 30,489,000 0 0 0 37,153,000                           
      cash, cash equivalents and restricted cash, end of period
    		-2,299,000 -14,906,000 72,456,000  -10,921,000 16,791,000 26,418,000  -35,708,000 -105,953,000 195,003,000  10,861,000 -22,612,000 70,430,000 23,462,000 -5,170,000 51,027,000  3,284,000 -10,364,000 28,822,000 33,426,000 -9,411,000 -4,232,000 26,717,000 -10,399,000 21,191,000 -19,044,000 38,741,000                           
      unrealized gain on marketable securities
    		 -4,698,000 -1,755,000  460,000                                                    
      foreign exchange gain
    		 -108,000 -4,000                       337,000 -987,000 -183,000 -266,000 -314,000 131,108 -97,000 31,000 -65,000         -120,000 218,000             
      change in flow-through premium liability
    		                                                        
      advances to related parties
    		                                                        
      supplemental disclosure of cash flow information:
    		                                                        
      cash received (paid) during the period:
    		                                                        
      interest paid
    		 -384,000 -759,000 -983,000 -983,000 -973,000 -972,000  -1,125,000 -853,000 -1,253,000  -1,476,000 -1,627,000 -1,202,000 -1,227,000 -1,234,000 -1,215,000 -1,281,000 -1,280,000 -1,281,000 -1,289,000 -1,307,000 -1,313,000 -1,282,000 -1,316,000 -1,228,000                              
      interest received
    		 332,000 361,000 -101,000 108,000 510,000 119,000  11,783,000 21,738,000 9,044,000  -11,000 15,000 6,000 -2,000 6,000 7,000 1,000 7,000 16,000 135,000 73,000 0 57,000 3,000 96,000 180,000 46,000 50,000 -111,499 -6,000 84,000 34,000 -11,000 98,000 34,000 75,000 0 68,000 71,000 0 0 125,000 19,000 22,000 9,000 31,000      132,895 100,504 210,706 
      taxes paid
    		 -1,729,000 -211,000 -311,000 0                                                    
      change in non-cash working capital items:
    		                                                        
      cash received (paid) during the period for:
    		                                                        
      foreign exchange loss on marketable securities
    		                                                        
      foreign exchange loss
    		   375,000 -421,000 446,000 256,000                            73,000 120,000 -289,000 595,000 -374,000 679,000 514,000            285,109 276,856 -131,075 372,412 
      income and mining tax (recovery) expense
    		                     -1,094,000                                   
      dilution gain from investments in mcewen copper inc.
    		                                                        
      gain on deconsolidation of mcewen copper inc.
    		                                                        
      change in assets related to operations
    		   -2,827,000                                                     
      change in liabilities related to operations
    		   2,590,000 3,754,000 -752,000 4,304,000 -16,199,000 8,294,000 -16,376,000 -17,000                                              
      notes receivable acquired
    		                                                        
      cash and restricted cash received from acquisition of timberline resources corporation
    		   -1,000                                                     
      proceeds from sale of investment in mcewen copper inc.
    		                                                        
      cash outflow on mcewen copper inc. deconsolidation
    		                                                        
      proceeds from mcewen copper inc. financing
    		                                                        
      proceeds from promissory note
    		           0 0 0 15,000,000                                          
      subscription proceeds received in advance
    		           0 0 -3,150,000 300,000                                          
      decrease in cash, cash equivalents and restricted cash
    		                                                        
      cash, cash equivalents and restricted cash, beginning of year
    		                                                        
      cash, cash equivalents and restricted cash, end of year
    		                                                        
      cash received (paid) during the year for:
    		                                                        
      loss
    		    1,228,000 -4,701,000 -1,278,000 -7,109,000 2,672,000                     212,000 -534,956 462,000        1,551,000 237,000                
      gain on disposal of property and equipment
    		    0 0 -113,000                                                  
      costs to acquire timberline resources corporation
    		                                                        
      unrealized gain on investments
    		      227,000   -2,714,000 -296,000                                              
      investment in marketable equity securities
    		      -53,000 -250,000 -7,052,000                   -874,000                             
      gain on sale of mineral property interests
    		               0                                         
      foreign exchange loss on investments
    		       0 8,048,000                                                
      income and mining tax expense
    		                         118,000                               
      proceeds from disposal of property and equipment
    		               0               -32,967 0 -3,000 36,000        3,090,000 51,000 2,000 13,000 0 23,000          
      depreciation and amortization
    		        8,506,000 8,517,000 7,263,000 7,366,000 4,674,000 3,886,000 3,606,000 5,396,000 5,344,000 4,662,000 6,858,000 4,603,000 4,872,000 6,757,000 7,385,000 11,390,000                                 
      proceeds from mcewen copper financing
    		        0 0 185,390,000                                              
      principal repayment on debt
    		        0                                                
      cash received (paid) during period for:
    		                                                        
      net additions to mineral property interests and plant and equipment
    		         -4,008,000 -4,950,000  -8,888,000 -4,207,000 -4,045,000                                          
      tax paid
    		                                                        
      impairment loss on mineral property interests and plant and equipment
    		                                                        
      unrealized foreign exchange gain and adjustment to estimate
    		           5,813,000 -784,000   -342,000 182,000 152,000                                       
      deferred income and mining tax recovery
    		                                                        
      accretion of reclamation and remediation liability
    		                                                        
      increase in assets related to operations
    		                                                        
      increase in liabilities related to operations
    		                  7,115,000 771,000   1,579,000 1,956,000 4,492,000 -757,000 2,018,000 -1,521,000 -6,236,000 1,199,000 -3,384,185   2,756,000   1,936,000 504,000       2,007,000 11,000 824,000 1,259,000 -196,000 595,000 -499,941 937,915 352,890   43,311 
      proceeds from sale of investments
    		                    193,000 112,000 2,055,000    -772,000 0 1,004,000 2,663,000 -2,152,845 0                         
      proceeds from sale of subsidiary shares, net of issuance costs
    		                                                        
      sale of flow-through common shares, net of issuance costs
    		           0 0 0 14,376,000 0 0 11,966,000 9,819,000                                      
      decrease (increase) in cash, cash equivalents and restricted cash
    		                                                        
      gain on investments
    		            964,000 29,000 -618,000    0 -1,000 -278,000 898,000    -827,000                               
      reclamation and remediation
    		            722,000 2,760,000 527,000                                          
      decrease (increase) in other assets related to operations
    		            -9,340,000      6,124,000 -133,000 5,471,000 1,234,000      3,566,000 1,840,000 4,337,000                           
      decrease in liabilities related to operations
    		            9,268,000   -5,881,000                                         
      proceeds from sale of shares, net of issuance costs
    		            26,763,000   0 0 29,875,000                                       
      income from investment in minera santa cruz s.a., net of amortization
    		              1,120,000 2,650,000 1,853,000 574,000 378,000 -2,582,000 1,045,000 2,676,000 1,979,000 328,000 4,137,000 2,310,000  4,973,000      -190,000                       
      unrealized foreign exchange loss and adjustment to estimate
    		              195,000                                          
      income and mining tax
    		              -814,000 -841,000 -1,022,000 -2,015,000 -114,000 -152,000                                     
      increase in other assets related to operations
    		              -763,000   -1,562,000     -4,345,000 -10,244,000 2,834,000 -5,729,000      -1,317,000 611,000 -3,655,000                       
      (decrease) in liabilities related to operations
    		              2,008,000   -626,000    -6,873,000                                   
      impairment of mineral property interests and plant and equipment
    		                  0 0 0 83,805,000                                   
      revision of estimates and accretion of asset retirement obligations
    		               1,309,000 505,000 911,000 12,000 1,110,000 6,000 660,000 2,148,000 495,000                                 
      decrease in other assets related to operations
    		               3,834,000                                    334,771 107,583  -110,300 162,970 
      proceeds from sale of investments, net of investments
    		                  0                                      
      proceeds from sale of shares in subsidiary
    		                                                        
      total cash, cash equivalents, and restricted cash
    		               -1,229,000                                         
      loss on investments
    		                                                        
      proceeds of exercise of stock options
    		                  77,000 0 -1,000 62,000 133,000 151,000 37,000 223,000                               
      loss on disposal of fixed assets
    		                                                        
      proceeds from sale of units, net of issuance costs
    		                                                        
      proceeds of loan from related party
    		                          0                              
      proceeds of loan
    		                          0                              
      debt issuance costs and lender fees
    		                          0                              
      proceeds of at-the-market share sale
    		                                                        
      shareholders' distribution
    		                          0 -1,687,000 0 -1,685,000                           
      cash received (paid) during year for:
    		                                                        
      gain on disposal of fixed assets
    		                          -22,000 0    0 0 -11,000                       
      (decrease) in cash, cash equivalents and restricted cash
    		                   3,284,000 -10,364,000 -17,678,000                                   
      proceeds from sale of units, net of share issue costs
    		                                                        
      proceeds of at-the-market common stock sale
    		                                                        
      proceeds of at-the-market common stock issuance
    		                                                        
      impairment of property and equipment
    		                                                        
      acquisition of lexam vg gold, net of cash and cash equivalents acquired
    		                                                        
      acquisition of black fox, net of cash and cash equivalents acquired
    		                                                        
      sale of flow-through common stock, net of share issue costs
    		                                                        
      cash paid to suppliers and employees
    		                       -45,436,000 -32,138,000 -25,148,000 -24,009,000 -27,836,000 -39,841,000 -35,098,000 59,807,129 -13,263,000 -22,398,000 -24,242,000 -15,911,000 -16,468,000 -18,051,000 -19,034,000 -15,838,000 -20,328,000 -38,193,000 -22,979,000 -26,269,000 -16,512,000 -17,871,000 -13,118,000 -9,254,000 -7,034,000 -5,844,000 -6,527,000 -8,507,368 -2,410,184 -3,402,420 -6,049,815 -4,188,133 -4,758,981 
      cash flow from revenues
    		                       33,985,000 35,032,000 15,640,000                               
      return of investment received from minera santa cruz s.a.
    		                       2,025,000 0 2,020,000 1,025,000 2,129,000                             
      net proceeds from equity registered direct offering
    		                       0                                 
      proceeds of at-the-market common share issuance
    		                       0 0 1,851,000                               
      payment of lease obligations
    		                       -538,000                                 
      reconciliation of net income to cash from operating activities:
    		                                                        
      unrealized foreign exchange gain
    		                       -176,000                                 
      effect of exchange rate changes on cash and cash equivalents
    		                       -54,000                                 
      additions to mineral property interests, plant and equipment and construction in progress
    		                         -16,512,000                               
      principal repayments on leases
    		                         -448,000                               
      proceeds from equity issued
    		                         19,320,000                               
      proceeds from warrants issued
    		                         2,680,000                               
      share and warrant issuance costs
    		                         -1,748,000     3,349,647                          
      revision of estimates and accretion of asset reclamation obligations
    		                         461,000 2,568,000 314,000 288,000 294,000 -538,939                          
      adjustment to the asset retirement obligation estimate
    		                         301,000 -1,492,000 218,000 -270,000 -359,000                           
      depreciation and amortizations
    		                         3,186,000                               
      increase in vat taxes receivable, net of collection of 126
    		                         -146,000                               
      additions to mineral property interests
    		                          -10,012,000 -1,661,000 -3,226,000 -4,084,000                           
      additions to property and equipment
    		                          -18,081,000 -24,162,000 -13,347,000 -6,748,000 938,923 -6,000 -588,000 -350,000                       
      additions to investments
    		                                                        
      principal repayments on capital leases
    		                          -93,000                              
      proceeds from equity sale
    		                                                        
      proceeds from warrants sale
    		                                                        
      sale of flow-through common shares
    		                                                        
      flow-through common share issuance costs
    		                                                        
      repayment of short-term bank indebtedness
    		                                                        
      share repurchase
    		                                                        
      depreciation
    		                          2,330,000 2,275,000 2,237,000 2,327,000 -1,121,622 316,000 482,000 327,000 208,000 272,000 229,000 225,000 204,000 245,000 282,000 266,000 263,000 221,000 179,000 139,000 120,000 101,000 109,000 130,000 163,246 162,183 160,447 156,618 162,708 144,304 
      amortization of mineral property interests and asset retirement obligations
    		                          1,819,000 1,813,000 1,824,000 1,800,000 -1,509,802 448,000 532,000 533,000 322,000 322,000 304,000 322,000 288,000 287,000 669,000                
      increase in vat taxes receivable, net of collection of 8,274
    		                                                        
      cash flow from gold and silver sales
    		                                                        
      proceeds of the exercise of stock options
    		                                                        
      proceeds from equity issuance
    		                              -42,410,547                          
      proceeds from warrants issuance
    		                              -4,117,878                          
      adjustments to reconcile net (loss) from operating activities:
    		                                                        
      other-than-temporary impairment on marketable equity securities
    		                              -355,644           0               
      gain
    		                           158,000                             
      unrealized gain on derivative investments
    		                           -134,000 1,000 864,000 136,227 933,000 722,000 -1,791,000                       
      decrease
    		                           2,183,000 164,000 151,000     -50,000 1,334,000                     
      cash received from revenue
    		                            34,179,000 41,285,000                           
      proceeds from the exercise of stock options
    		                            5,000 40,000 -46,879 0 0 47,000                       
      cash (used) in financing activities
    		                            5,000 -1,645,000                           
      recovery of deferred income taxes
    		                            -2,141,000 -1,137,000 3,051,325 -564,000 153,000 -2,656,000                       
      loss on sale of marketable securities
    		                             1,871,000                           
      issuance of flow-through common shares
    		                                                        
      proceeds from short-term bank indebtedness
    		                                                        
      return of capital distribution
    		                              3,055,941 -1,561,000 0 -1,498,000                       
      cash from (used) in financing activities
    		                              -40,160,273                          
      impairment of investment in minera santa cruz s.a.
    		                                                        
      impairment of mineral property interests and property and equipment
    		                                      6,287,000                  
      shares issued to supplier for settlement of accounts payable
    		                                                        
      increase in vat taxes receivable, net of collection of 5,864
    		                                                        
      (increase) in other assets related to operations
    		                                                        
      cash received from gold and silver sales
    		                               13,430,000 15,110,000 14,833,000 15,726,000 21,985,000 11,637,000 11,130,000 11,514,000 10,069,000 13,128,000                
      acquisition of mineral property interests
    		                                                        
      acquisition costs of lexam vg gold, net of cash and cash equivalents acquired
    		                               0                         
      acquisition of investments
    		                                                        
      increase in cash and cash equivalents
    		                               44,181,000 -4,109,000 -8,550,000 5,802,000 4,189,000      -4,878,000 -17,735,000 27,717,000 -20,544,000 -21,690,000 68,223,000    -6,685,682      
      cash and cash equivalents, beginning of period
    		                               0 0 37,440,000 0 12,380,000 0 24,321,000 0 0 70,921,000 0 0 13,416,000 0 0 6,818,000 0 0 27,690,000 0 0 10,299,941 0 0 30,929,227 
      cash and cash equivalents, end of period
    		                               44,181,000 -4,109,000 28,890,000 5,802,000 16,569,000 -4,322,000 19,471,000 -3,711,000 -10,349,000 45,122,000 -4,878,000 -17,735,000 41,133,000 -20,544,000 -21,690,000 75,041,000 -7,491,000 5,008,000 19,898,000 -6,685,682 44,235,613 6,642,176 -6,245,291 -4,131,636 26,154,185 
      gain on sale of marketable securities
    		                               0                         
      increase in vat taxes receivable, net of collection of 1,610
    		                                                        
      proceeds from reimbursement of equipment deposit
    		                                                        
      loss on reimbursement of equipment deposit
    		                                                        
      accretion of asset retirement obligation
    		                                116,000 105,000 490,000 101,000 108,000 101,000 113,000 121,000 113,000 110,000 120,000 112,000 134,000 137,000 129,000 89,000 116,000 71,000 169,067 133,393 132,921 254,540 139,587 140,385 
      increase in vat taxes receivable, net of collection of 448
    		                                -1,939,000 -2,040,000                       
      cash (used in) provided from financing activities
    		                                                        
      unrealized gain on derivative instrument
    		                                                        
      decrease in vat taxes receivable, net of collection of 9,523
    		                                                        
      proceeds from sale of gold and silver bullion held as investments
    		                                                        
      lease incentive received
    		                                                        
      decrease in restricted time deposits for reclamation bonding
    		                                                        
      deposits for surety bonds for reclamation bonding
    		                                                        
      proceeds from disposal of mineral property interests and property and equipment
    		                                                        
      short-term bank indebtedness withdrawal
    		                                                        
      short-term bank indebtedness paid
    		                                                        
      return of capital distribution paid
    		                                                        
      exercise of stock options
    		                                      76,000 61,000 34,000 260,000   0 493,000 280,000 190,000 75,000 14,000       
      (income) loss on investment in minera santa cruz s.a., net of amortization
    		                                                        
      (gain) loss on sale of assets
    		                                                        
      lease incentive
    		                                                        
      gain on litigation settlement
    		                                                        
      loss on sale of gold and silver bullion held as investments
    		                                                        
      proceeds on sale of gold and silver bullion held as investments
    		                                                        
      shares issued to tnr gold corp. to terminate back-in-right
    		                                                        
      dividends received from minera santa cruz s.a
    		                                                        
      investment in available-for-sale securities
    		                                                        
      decrease to restrictive time deposits for reclamation bonding
    		                                                        
      short-term bank indebtedness
    		                                                        
      adjustments to reconcile net income to operating activities:
    		                                                        
      loss (income) on investment in minera santa cruz s.a., net of amortization
    		                                                        
      gain on sale of assets
    		                                      -50,000                  
      recovery of income taxes
    		                                                        
      proceeds from sale of gold and silver bullion
    		                                         12,506,000 5,034,000 6,296,000             
      decrease in cash and cash equivalents
    		                                                        
      impairment of investment in msc
    		                                                        
      income tax recovery
    		                                                        
      unrealized loss on gold and silver bullion
    		                                                        
      cash flows (used in) from operating activities:
    		                                                        
      dividend received from minera santa cruz s.a.
    		                                                        
      cash and short-term investments received from acquisition of minera andes inc.
    		                                         0 0 36,337,000             
      short-term investments
    		                                         0 3,095,000 838,000             
      income on investment in minera santa cruz s.a., net of amortization
    		                                                        
      gain on sale of gold and silver bullion
    		                                                        
      proceeds on sale of gold and silver bullion
    		                                                        
      unrealized loss on silver bullion
    		                                         0               
      dividend receivable obtained from acquisition of minera andes inc.
    		                                         0 0 9,363,000             
      dividend receivable from minera santa cruz s.a
    		                                                        
      deferred income taxes
    		                                                        
      investment in gold and silver bullion
    		                                                        
      proceeds from sale of marketable equity securities
    		                                                        
      increase in restricted investments securing reclamation
    		                                                        
      sale of common stock for cash, net of issuance costs
    		                                            0 0 105,415,000    0      
      income on investment in minera santa cruz s.a.
    		                                                        
      gain on sale of marketable equity securities
    		                                                        
      gain on sale of property and equipment
    		                                                        
      asset impairments
    		                                         2,902,000               
      dividend receivable from minera santa cruz s.a.
    		                                                        
      exercise of stock options and warrants
    		                                           2,515,000       0   0 0 257,181 
      (gain) loss on disposal of property and equipment
    		                                                        
      cash flows used in operating activities:
    		                                                        
      cash proceeds from short-term investments
    		                                               -33,000         
      write-off of mineral property interests
    		                                               0         
      proceeds from sale of gold bullion
    		                                             0 2,173,000          
      increase in restriced investments securing reclamation
    		                                                        
      gain on sale of gold bullion
    		                                                        
      cash flows from (used in) investing activities:
    		                                                        
      investment in gold bullion
    		                                                        
      increase to restricted investments securing reclamation
    		                                                        
      change in interest receivable
    		                                                        
      other operating adjustments and write-downs
    		                                                        
      (gain) loss on disposal of asset
    		                                                        
      decrease to restricted investments securing reclamation
    		                                                        
      increase in short-term investments
    		                                                        
      cash flows (used in) from investing activities:
    		                                                        
      decrease (increase) to restricted investments securing reclamation
    		                                                        
      stock option expense
    		                                                  288,965 350,887 383,799 188,895 -279,157 506,714 
      loss on disposal of property and equipment
    		                                                        
      goodwill impairment
    		                                                        
      write off of long-lived assets
    		                                                        
      cash flows used in investing activities:
    		                                                        
      capital expenditures
    		                                                        
      decrease (increase) in restricted investments securing reclamation
    		                                                    58,511    
      cash from acquisitions
    		                                                        
      acquisition costs for mineral property interests
    		                                                        
      payments on installment purchase contracts
    		                                                        
      impairment of goodwill
    		                                                        
      minority interest
    		                                                        
      decrease in other assets
    		                                                        
      income taxes paid
    		                                                        
      sale of subscription receipts for cash, net of issuance costs
    		                                                        
      reconciliation of net (loss) to cash from operating activities:
    		                                                        
      change in value of derivative
    		                                                        
      minority interests
    		                                                        
      cash (used in) operating activities
    		                                                        
      reconciliation of net (loss) to cash (used in) operating activities:
    		                                                        
      net
    		                                                        
      items not providing/requiring cash:
    		                                                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.