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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Management’s Discussion and Analysis...

Cash used in Operating Activities
Cash used in operating activities from continuing operations was reduced by 30% from
$25.6 million in the nine months ended September 30, 2008 compared to $18.0 million
for the nine months ended September 30, 2009.
Similarly, cash used in operating activities from continuing operations was reduced by
40% from $10.3 million for the three months ended September 30, 2008 compared to
$6.2 million for the three months ended September 30, 2009.
Cash used in the nine months ended September 30, 2009 was largely attributable to
corporate general and administrative expenses (net of non-cash stock-based
compensation, warrants issued for advisory services, and loss on disposal of
equipment) of $6.2 million (2008: $10.0 million), litigation expenses of $2.7 million
(2008: $0.1) and cash interest payments of $9.4 million.
Cash used in the quarter ended September 30, 2009 was largely attributable to
corporate general and administrative expenses (net of non-cash stock-based
compensation and warrants issued for advisory services) of $1.6 million (2008: $3.4
million), litigation expenses of $0.4 million (2008: $0.1) and cash interest payments of
$4.7 million.

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