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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net (loss) income $ (4.4) $ 129.2
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depletion and depreciation 116.7 119.8
Share-based payments 2.5 2.6
Impairment of royalty, stream and working interests 271.7  
Unrealized foreign exchange loss (gain) 0.4 (0.1)
Deferred income tax (recovery) expense (57.9) 5.3
Other non-cash items (5.6) (1.9)
Acquisition of gold bullion (17.6) (15.6)
Proceeds from sale of gold bullion 28.1 17.9
Operating cash flows before changes in non-cash working capital 333.9 257.2
Changes in non-cash working capital:    
Decrease in receivables 19.4 4.7
Decrease (increase) in prepaid expenses and other 2.3 (5.4)
(Decrease) increase in current liabilities (10.2) 6.2
Net cash provided by operating activities 345.4 262.7
Cash flows from investing activities    
Acquisition of royalty, stream and working interests (38.3) (95.6)
Acquisition of energy well equipment (0.2) (0.5)
Issuance of loan receivable (15.0)  
Proceeds from sale of investments   6.3
Net cash used in investing activities (53.5) (89.8)
Cash flows from financing activities    
Repayment of revolving credit facilities   (210.0)
Proceeds from draw of credit facilities   275.0
Proceeds from draw of term loan   160.0
Repayment of term loan (80.0)  
Proceeds from at-the-market equity offering 107.3  
Credit facility amendment costs   (0.8)
Payment of dividends (76.0) (70.0)
Proceeds from exercise of stock options 6.0 2.5
Net cash (used in) provided by financing activities (42.7) 156.7
Effect of exchange rate changes on cash and cash equivalents (2.8) (0.4)
Net change in cash and cash equivalents 246.4 329.2
Cash and cash equivalents at beginning of period 132.1 69.7
Cash and cash equivalents at end of period 378.5 398.9
Supplemental cash flow information:    
Cash paid for interest expense and loan standby fees 1.3 4.4
Income taxes paid $ 33.5 $ 25.1