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Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020
Operating activities |  |
Profit (loss) | $ 98,562 | $ 176,455
Income tax expense (Note 27) | 146,429 | 75,557
Depreciation and amortization (Note 11,21) | 302,958 | 272,444
Unrealized investment loss (income) | 59,722 | (58,673)
Accretion on closure and decommissioning provision (Note 15) | 7,470 | 8,260
Unrealized foreign exchange losses | 6,703 | 8,857
Interest expense (Note 22) | 3,660 | 9,216
Interest paid | (5,234) | (10,217)
Interest received | 172 | 253
Income taxes paid | (129,205) | (81,636)
Other operating activities (Note 24) | (28,060) | (35,183)
Net change in non-cash working capital items (Note 24) | (71,069) | 96,982
Cash flows from (used in) operating activities | 392,108 | 462,315
Investing activities |  |
Payments for mineral properties, plant and equipment | (243,478) | (178,556)
Proceeds from sale of mineral properties, plant and equipment (Note 11) | 45,798 | 22,474
Proceeds from short-term investments and other securities | 1,861 | 90,384
Exercise of warrants (Note 12) | 0 | (15,626)
Net proceeds (payments) from derivatives | 9,157 | (2,594)
Cash flows from (used in) investing activities | (186,662) | (83,918)
Financing activities |  |
Proceeds from common shares issued | 619 | 4,737
Distributions to non-controlling interests | (933) | 0
Dividends paid | (71,500) | (46,223)
Proceeds from credit facility (Note 17) | 0 | 80,000
Repayment of credit facility (Note 17) | 0 | (355,000)
Repayment of Loans (Note 17) | (1,700) | 0
Payment of equipment leases | (12,396) | (13,101)
Cash flows from (used in) financing activities | (85,910) | (329,587)
Effects of exchange rate changes on cash and cash equivalents | (3,099) | (2,261)
Net increase in cash and cash equivalents | 116,437 | 46,549
Cash and cash equivalents at the beginning of the year | 167,113 | 120,564
Cash and cash equivalents at the end of the year | $ 283,550 | $ 167,113

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- Definition The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2021-01-01 -Paragraph 16 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=7&code=ifrs-tx-2021-en-r&anchor=para_16_a&doctype=Standard -URIDate 2021-03-24 + Details
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- Definition Adjustments for Accretion on Closure and Decommissioning Provision + References No definition available. + Details
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- Definition Proceeds (Payments) for Financial Instruments, Classified as Investing Activities + References No definition available. + Details
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- Definition Payments to Noncontrolling Interests1 + References No definition available. + Details
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- Definition Proceeds From Long-term Lines of Credit + References No definition available. + Details
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- Definition Repayment of Long-term Lines of Credit + References No definition available. + Details
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