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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Net income for the year $ 670,249 $ 561,945
Add (deduct) adjusting items:    
Amortization of property, plant and mine development 1,094,691 738,129
Deferred income and mining taxes 168,098 188,966
Unrealized loss on currency and commodity derivatives 59,556 44,397
Unrealized loss on warrants 9,820 16,736
Stock-based compensation 48,570 57,799
Impairment loss 55,000  
Foreign currency translation (gain) loss (16,081) 5,672
Other 25,965 12,868
Changes in non-cash working capital balances:    
Trade receivables 12,110 (1,678)
Income taxes (35,010) (62,424)
Inventories (46,236) (185,090)
Other current assets (10,756) (31,354)
Accounts payable and accrued liabilities 59,460 (75)
Interest payable 1,200 (583)
Cash provided by operating activities 2,096,636 1,345,308
INVESTING ACTIVITIES    
Additions to property, plant and mine development (1,538,237) (896,998)
Cash and cash equivalents acquired in Kirkland acquisition 838,732  
Acquisition of TMAC Resources Inc., net of cash and cash equivalents   (185,898)
Advance to TMAC Resources Inc. to fund repayment of debt   (105,000)
Payment to repurchase the Hope Bay royalty   (50,000)
Proceeds from sale of property, plant and mine development 1,019 2,696
Net purchases of short-term investments (4,608) (1,352)
Net proceeds from sale of equity securities   5,361
Purchases of equity securities and other investments (47,364) (39,889)
Payments for financial assets at amortized cost   (16,000)
Proceeds from loan repayment 40,000  
Decrease in restricted cash   23,077
Cash used in investing activities (710,458) (1,264,003)
FINANCING ACTIVITIES    
Proceeds from Credit Facility 100,000 595,000
Repayment of Credit Facility (100,000) (595,000)
Repayment of Senior Notes (225,000)  
Long-term debt financing costs   (2,553)
Repayment of lease obligations (33,701) (25,020)
Dividends paid (608,307) (275,158)
Repurchase of common shares (109,955) (34,606)
Proceeds on exercise of stock options 41,845 21,707
Common shares issued 20,265 18,388
Cash used in financing activities (914,853) (297,242)
Effect of exchange rate changes on cash and cash equivalents 1,514 (804)
Net increase (decrease) increase in cash and cash equivalents during the period 472,839 (216,741)
Cash and cash equivalents, beginning of period 185,786 402,527
Cash and cash equivalents, end of period 658,625 185,786
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 67,510 85,109
Income and mining taxes paid $ 316,743 $ 246,084