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Condensed Consolidated Statements of Cash Flows
$ in Millions, $ in Millions
 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Cash flows from operating activities    
Net income $ 224.0 $ 341.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest revenue (3.1)  
Other interest income (0.6)  
Depletion and depreciation 111.1 136.1
Share-based compensation expenses 2.9 3.2
Gain on disposal of royalty interests (0.3) (3.7)
Unrealized foreign exchange loss (gain) 7.8 (3.5)
Deferred income tax expense 56.3 15.1
Other non-cash items (0.3) (2.0)
Acquisition of gold bullion (32.4) (25.2)
Proceeds from sale of gold bullion 16.6 18.6
Changes in other assets (17.4)  
Operating cash flows before changes in non-cash working capital 364.6 479.6
Changes in non-cash working capital:    
Increase in receivables (9.9) (8.7)
Decrease (increase) in prepaid expenses and other 2.5 (4.0)
Increase in current liabilities 15.7 4.8
Net cash provided by operating activities 372.9 471.7
Cash flows used in investing activities    
Acquisition of royalty, stream and working interests (163.1) (270.8)
Advances of loans receivable (83.5)  
Acquisition of investments (11.0) (0.5)
Proceeds from repayment of loan receivable 18.9  
Proceeds from sale of royalty interests 11.2 7.0
Proceeds from sale of investments 1.1 1.9
Acquisition of energy well equipment (0.7) (0.8)
Acquisition of property and equipment (0.1)  
Net cash used in investing activities (227.2) (263.2)
Cash flows used in financing activities    
Payment of dividends (119.2) (116.4)
Proceeds from exercise of stock options 2.7 2.9
Revolving credit facility amendment costs (0.8)  
Net cash used in financing activities (117.3) (113.5)
Effect of exchange rate changes on cash and cash equivalents (11.3) 3.6
Net change in cash and cash equivalents 17.1 98.6
Cash and cash equivalents at beginning of period 1,421.9 1,196.5
Cash and cash equivalents at end of period 1,439.0 1,295.1
Supplemental cash flow information:    
Income taxes paid 42.5 50.9
Dividend income received 4.2 5.6
Interest and standby fees paid $ 1.0 $ 1.2