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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net earnings (loss) $ (255.1) $ 58.8
Adjustments for:    
Depreciation expense 349.1 268.0
Impairment charge (reversal) 205.1 (45.8)
Income tax expense (recovery) (64.5) 44.1
Other non-cash items 81.6 89.4
Adjustments for cash items:    
Proceeds from insurance claim 10.2 0.0
Dividends from related parties 0.0 8.2
Settlement of derivatives 15.3 (16.4)
Disbursements related to asset retirement obligations (2.3) (2.2)
Movements in non-cash working capital items and non-current ore stockpiles (8.0) (20.6)
Cash from operating activities, before income taxes paid 331.4 383.5
Income taxes paid (46.4) (35.9)
Net cash from operating activities 285.0 347.6
Investing activities    
Capital expenditures for property, plant and equipment (623.8) (292.1)
Capitalized borrowing costs (31.4) (24.5)
Proceeds from sale of royalties 45.9 0.0
Proceeds on the establishment of the Rosebel UJV 0.0 34.0
Other investing activities (21.4) 36.4
Net cash used in investing activities (630.7) (246.2)
Financing activities    
Interest paid 0.0 (6.9)
Payment of lease obligations (18.9) (16.5)
Dividends paid to non-controlling interests (9.3) (1.9)
Common shares issued for cash on exercise of stock options 0.6 5.0
Other financing activities (5.9) (5.9)
Net cash (used in) generated from financing activities (41.2) 0.8
Effects of exchange rate fluctuation on cash and cash equivalents (9.7) 8.7
Increase (decrease) in cash and cash equivalents (396.6) 110.9
Cash and cash equivalents, beginning of the year 941.5 830.6
Cash and cash equivalents, end of the year 544.9 941.5
Equipment loans    
Financing activities    
Proceeds from borrowings 0.0 10.9
Repayments of borrowings (7.7) (6.2)
5.75% senior notes    
Financing activities    
Proceeds from borrowings $ 0.0 $ 443.6
5.75% senior notes | Fixed interest rate    
Financing activities    
Interest rate 5.75% 5.75%
7.0% Senior Notes    
Financing activities    
Repayments of borrowings $ 0.0 $ (421.3)
7.0% Senior Notes | Fixed interest rate    
Financing activities    
Interest rate   7.00%