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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Profit (loss) $ (340,063) $ 98,562
Income tax expense (Note 30) 39,118 146,429
Depreciation and amortization (Note 11) 316,036 302,958
Impairment charges (Note 12) 99,064 0
Net realizable value inventory charge (Note 22) 97,742 8,719
Investment loss 16,221 59,722
Accretion on closure and decommissioning provision (Note 16) 14,841 7,470
Interest paid (6,584) (5,234)
Interest received 3,176 172
Income taxes paid (137,762) (129,205)
Other operating activities (Note 27) 17,190 (22,069)
Loss from equity investees (Note 13) (45,033) (4,347)
Net change in non-cash working capital items (Note 27) (42,037) (71,069)
Cash flows from (used in) operating activities 31,909 392,108
Investing activities    
Payments for mineral properties, plant and equipment (274,688) (243,478)
Proceeds from disposition of mineral properties, plant and equipment 8,713 45,798
Proceeds from short-term investments 694 1,861
Proceeds from derivatives 9,877 9,157
Cash flows from (used in) investing activities (255,404) (186,662)
Financing activities    
Proceeds from common shares issued 940 619
Distributions to non-controlling interests (269) (933)
Dividends paid (94,728) (71,500)
Proceeds from debt (Note 18) 167,100 0
Repayment of debt (Note 18) (5,239) (1,700)
Payment of equipment leases (14,833) (12,396)
Cash flows from (used in) financing activities 52,971 (85,910)
Effects of exchange rate changes on cash and cash equivalents (6,021) (3,099)
(Decrease) increase in cash and cash equivalents (176,545) 116,437
Cash and cash equivalents at the beginning of the year 283,550 167,113
Cash and cash equivalents at the end of the year $ 107,005 $ 283,550