EXPM:HRTFF - Post by User
Post by
bufordpusseron Nov 30, 2021 2:14pm
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Post# 34181409
from the q3 balance sheet
from the q3 balance sheet"The Company’s cash and cash equivalents increased to $11.4 million at September 30, 2021 up from
$8.2 million at December 31, 2020, primarily due to the completion of the New Gold Strategic Investment
in March 2021 and the delay of payments to BNP pursuant to the Forbearance Agreement (see BNP Debt
Facilities below), partially offset by capital expenditure requirements. Operations generated $13.4 million in
cash in the nine months ended September 30, 2021. The Company invested $23.9 million in mine
development and additions to plant and equipment and made a $4.2 million debt repayment towards the
BNP Debt Facilities as well as cash interest payments of $1.2 million.
Long-term assets primarily consist of property, plant and equipment with a net book value of $139.0 million
as at September 30, 2021."