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Consolidated Statements of Cash Flows
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
CASH PROVIDED (USED IN) BY OPERTING ACTIVITIES    
Net earnings $ 284.3 $ 210.0
Adjustments for items not involving cash:    
Amortization 218.4 190.2
Reversal of impairment (Note 9) (57.1) 0.0
Foreign exchange gain (8.0) (1.9)
Current income tax expense 98.7 52.7
Deferred income tax expense 119.2 31.0
Share-based compensation 31.7 21.7
Finance expense 3.8 2.5
Unrealized loss on commodity derivatives 24.2 0.9
Other items (Note 22) 11.0 11.8
Changes in working capital and taxes paid (Note 22) (65.1) (46.2)
Cash flows from (used in) operating activities 661.1 472.7
INVESTING ACTIVITIES    
Mineral property, plant and equipment (417.6) (348.9)
Interest capitalized to mineral, property, plant and equipment (7.7) 0.0
Proceeds from disposition of equity securities 1.0 0.1
Investment in equity securities (11.6) (2.8)
Investment in equity securities (30.2) 0.0
Transaction costs on asset acquisitions (Note 9) (1.0) (0.2)
Cash flows from (used in) investing activities (467.1) (351.8)
FINANCING ACTIVITIES    
Proceeds from draw down of credit facility 250.0 0.0
Repayment of debt and accrued interest assumed on Argonaut acquisition (Note 6) (308.3) 0.0
Dividends paid (35.1) (35.3)
Credit facility interest and transaction fees (Note 19) (2.7) 0.0
Lease payments (Note 15) (10.6) 0.0
Proceeds from issuance of flow-through shares 10.5 0.0
Proceeds from the exercise of options and warrants 6.8 9.3
Cash flows from (used in) financing activities (89.4) (26.0)
Effect of exchange rates on cash and cash equivalents (2.2) 0.1
Increase in cash and cash equivalents 102.4 95.0
Cash and cash equivalents - beginning of year 224.8 129.8
CASH AND CASH EQUIVALENTS - END OF YEAR $ 327.2 $ 224.8