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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 344.1 $ 139.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion and depreciation 263.2 247.7
Share-based payments 4.9 5.2
Impairment of royalty, stream and working interests   76.0
Non-cash costs of sales   7.1
Unrealized foreign exchange gain   (0.4)
Deferred income tax expense 22.7 10.0
Other non-cash items (7.8) (1.1)
Acquisition of gold bullion (31.8) (25.6)
Proceeds from sale of gold bullion 36.2 12.5
Operating cash flows before changes in non-cash working capital 631.5 470.4
Changes in non-cash working capital:    
Increase in receivables (22.3) (9.6)
(Increase) decrease in prepaid expenses and other (14.3) 11.6
Increase in current liabilities 22.8 2.4
Net cash provided by operating activities 617.7 474.8
Cash flows from investing activities    
Acquisition of royalty, stream and working interests (443.9) (988.0)
Acquisition of energy well equipment (1.3) (1.6)
Acquisition of investments (3.9)  
Proceeds from sale of investments 13.0 0.9
Net cash used in investing activities (436.1) (988.7)
Cash flows from financing activities    
Proceeds from draw of revolving credit facilities 275.0 237.0
Repayment of revolving credit facilities (485.0) (27.0)
Proceeds from draw of term loan 160.0  
Repayment of term loan (80.0)  
Proceeds from at-the-market equity offering 136.0  
Credit facility amendment costs (0.8) (0.5)
Payment of dividends (138.2) (136.1)
Proceeds from exercise of stock options 13.2 4.2
Net cash (used in) provided by financing activities (119.8) 77.6
Effect of exchange rate changes on cash and cash equivalents 0.6 (5.1)
Net change in cash and cash equivalents 62.4 (441.4)
Cash and cash equivalents at beginning of period 69.7 511.1
Cash and cash equivalents at end of period 132.1 69.7
Supplemental cash flow information:    
Cash paid for interest expense and loan standby fees 9.5 3.7
Income taxes paid $ 38.6 $ 28.5