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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net (loss) earnings from continuing operations $ (48,343) $ 85,285
Adjustments for:    
Share-based compensation 10,407 7,119
Depletion and amortization 57,615 52,415
Impairment of royalty and stream interests 47,619 1,818
Expected credit loss and write-off of other investments 37,209 0
Impairment of investments in associates 64,771 2,361
Finance costs 492 7,340
Share of (income) loss of associates (7,925) 1,863
Net gain on acquisition of investments 0 (48)
Change in fair value of financial assets at fair value through profit and loss 13,156 16,848
Net gain on dilution of investments in associates (4,842) (3,604)
Loss on disposal and deemed disposal of associates 10,494 0
Foreign exchange gain (1,781) (19,907)
Deferred income tax expense 10,672 26,688
Other (632) 116
Net cash flows provided by operating activities before changes in non-cash working capital items 188,912 178,294
Changes in non-cash working capital items (1,885) (3,231)
Net operating cash flows provided by continuing operations 187,027 175,063
Net operating cash flows used by discontinued operations 0 (65,116)
Net cash flows provided by operating activities 187,027 109,947
Investing activities    
Acquisitions of short-term investments (8,362) 0
Acquisitions of investments (53,279) (12,472)
Proceeds from disposal of investments 132,959 2,960
Acquisitions of royalty and stream interests (291,108) (124,209)
Cash balance of Osisko Development Corp. at the time of deconsolidation 0 (133,138)
Other (46) (18)
Net investing cash flows used by continuing operations (219,836) (266,877)
Net investing cash flows used by discontinued operations 0 (114,984)
Net cash flows used in investing activities (219,836) (381,861)
Financing activities    
Bought deal equity financing 0 311,962
Share issue costs 0 (13,941)
Increase in long-term debt, net of discount on banker's acceptances 255,210 147,833
Repayment of long-term debt, net of discount on banker's acceptances (207,528) (413,120)
Exercise of share options and shares issued under the share purchase plan 12,845 4,387
Normal course issuer bid purchase of common shares 0 (22,135)
Dividends paid (39,903) (37,929)
Capital payments on lease liabilities (973) (874)
Withholding taxes on settlement of restricted and deferred share units (4,850) (2,224)
Other (491) (555)
Net financing cash flows provided (used) by continuing operations 14,310 (26,596)
Net financing cash flows provided by discontinued operations 0 245,833
Net cash flows provided by financing activities 14,310 219,237
Decrease in cash before effects of exchange rate changes (18,499) (52,677)
Effects of exchange rate changes on cash    
Continuing operations (4,328) 21,008
Discontinued operations 0 6,519
Net decrease in cash (22,827) (25,150)
Cash - January 1 90,548 115,698
Cash - December 31 $ 67,721 $ 90,548