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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net earnings (loss) for the year $ 73,685 $ (379,631)
Items not affecting cash:    
Depreciation and amortization 155,331 105,732
Finance costs 45,266 5,637
Interest income (2,760) (7,727)
Unrealized foreign exchange (gain) loss (790) 704
Income from royalty sale (8,075) 0
Income tax expense (recovery) 39,771 (86,498)
Impairment (reversal of impairment) (96,914) 447,808
Write-down of assets 6,298 1,528
Share based payments expense 10,396 6,989
Employment benefit plan expense 2,717 3,555
Adjustments to reconcile profit (loss) other than changes in working capital 224,925 98,097
Property reclamation payments (2,807) (5,536)
Employee benefit plan payments (2,587) (2,299)
Income taxes paid (36,242) (36,879)
Interest paid (35,479) 0
Interest received 2,760 7,727
Changes in non-cash working capital 15,256 6,428
Net cash generated from operating activities 165,826 67,538
Investing activities    
Purchase of property, plant and equipment (214,505) (231,674)
Capitalized interest paid (3,848) (36,750)
Proceeds from the sale of property, plant and equipment 6,605 7,882
Proceeds on pre-commercial production sales, net 12,159 6,472
Purchase of investment in associate (3,107) 0
Proceeds from sale of mining interest 1,397 0
Value added taxes related to mineral property expenditures, net (1,590) (1,261)
Decrease (increase) in term deposits 3,371 (1,138)
Decrease (increase) in restricted cash 10,644 (928)
Net cash used in investing activities (188,874) (257,397)
Financing activities    
Issuance of common shares for cash 40,066 0
Contributions from non-controlling interests 2,791 0
Proceeds from borrowings 494,000 0
Repayments from borrowings (600,000) 0
Loan financing costs (15,583) 0
Principal portion of lease liabilities (6,729) (1,222)
Purchase of treasury stock 0 (2,108)
Net cash used in financing activities (85,455) (3,330)
Net increase (decrease) in cash and cash equivalents (108,503) (193,189)
Cash and cash equivalents - beginning of year 286,312 479,501
Cash in disposal group held for sale (67) 0
Cash and cash equivalents - end of year $ 177,742 $ 286,312