CANADIAN ZINC CORP

CIK:0000910569|SEC Filings

Consolidated Statements of Comprehensive Loss - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income
Investment income	$ 173	$ 68	$ 60
Expenses
Depreciation	7	13	12
Exploration and evaluation (Note 13)	5,893	8,723	2,428
Listing and regulatory	131	86	70
Management and directors	1,783	868	650
Office and general	629	541	462
Professional	1,036	162	216
Shareholder and investor communications	361	257	223
Share-based compensation (Note 12)	677	842	1,104
Total Expenses	10,517	11,492	5,165
Other income (expense)
Gain (loss) on foreign currency translation (Note 9)	(556)	148	0
Finance costs (Notes 9 and 10)	(719)	(68)	(36)
Gain on change in decommissioning provision (Note 10)	0	3	64
Tax deduction recovery (Note 14)	0	267	0
Total Other income	(1,275)	350	28
Net loss and comprehensive loss for the year	$ (11,619)	$ (11,074)	$ (5,077)
Net loss per share - basic and diluted	$ (0.04)	$ (0.04)	$ (0.02)
Weighted average number of shares outstanding
Basic and diluted	315,435,463	266,111,543	238,480,985

Consolidated Statements of Cash Flows - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Activities
Net loss for the year	$ (11,619)	$ (11,074)	$ (5,077)
Adjustments for items not involving cash:
Depreciation expense	34	56	67
Foreign currency translation (Note 9)	556	(148)	0
Finance costs (Notes 9 and 10)	719	68	36
Gain on change in decommissioning provision (Note 10)	0	(3)	(64)
Share-based compensation (Note 12)	677	842	1,104
Tax deduction recovery (Note 14)	0	(267)	0
Change in non-cash working capital items:
Other receivables and prepaid expenses	(10)	23	(176)
Accounts payable and accrued liabilities	(251)	1,114	85
Cash flows from (used in) operating activities	(9,894)	(9,389)	(4,025)
Financing Activities
Loan proceeds (repayment), net of transaction costs (Note 9)	(13,107)	12,563	0
Loan interest (Note 9)	(546)	(25)	0
Capital stock issued, net of share issue costs (Note 11)	19,839	0	11,090
Small lot shareholder cancellation (Note 11)	(18)	0	0
Proceeds from exercise of warrants (Note 11)	0	0	142
Cash flows from (used in) financing activities	6,168	12,538	11,232
Investing Activities
Redemption of short-term investments (Note 4)	0	13	0
Sale of marketable securities (Note 5)	0	0	936
Cash flows from (used in) investing activities	0	13	936
Net change in cash and cash equivalents	(3,726)	3,162	8,143
Cash and cash equivalents, beginning of year	12,979	9,817	1,674
Net change in cash and cash equivalents	(3,726)	3,162	8,143
Cash and cash equivalents, end of year	$ 9,253	$ 12,979	$ 9,817

Consolidated Statements of Financial Position - CAD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current
Cash and cash equivalents (Note 3)	$ 9,253	$ 12,979
Short-term investments (Note 4)	32	31
Other receivables and prepaid expenses	438	428
Total Current Assets	9,723	13,438
Restricted cash (Note 6)	2,075	2,075
Property, plant and equipment (Note 7)	620	654
Exploration and evaluation assets (Note 8)	5,428	5,398
Total Assets	17,846	21,565
Current
Accounts payable	635	1,258
Accrued and other liabilities	761	389
Total Current Liabilities	1,396	1,647
Loan payable (Note 9)	0	12,417
Decommissioning provision (Note 10)	1,904	1,834
Total Liabilities	3,300	15,898
SHAREHOLDERS' EQUITY
Share capital (Note 11)	134,536	114,618
Reserves (Note 12)	17,295	16,715
Deficit	(137,285)	(125,666)
Total Shareholders' Equity	14,546	5,667
Total Liabilities and Shareholders' Equity	$ 17,846	$ 21,565