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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net (loss) earnings from continuing operations $ (49,368) $ 19,391
Adjustments for:    
Depreciation and amortization 242,393 201,942
Finance costs 41,625 71,785
Interest income (6,763) (2,231)
Unrealized foreign exchange gain (2,413) (8,442)
Income tax expense 61,224 138,073
(Gain) loss on disposal of assets (2,959) 815
Gain on disposal of mining licenses 0 (7,296)
Write-down of assets 32,499 9,106
Share-based payments expense 10,744 7,945
Employee benefit plan expense 5,982 2,317
Impairment of property, plant and equipment 0 13,926
Total adjustments to reconcile profit (loss) 332,964 447,331
Property reclamation payments (3,202) (2,313)
Employee benefit plan (payments) receipt (6,180) 4,744
Income taxes paid (90,871) (75,472)
Interest received 6,763 2,231
Changes in non-cash operating working capital (28,314) (9,784)
Net cash generated from operating activities of continuing operations 211,160 366,737
Net cash used in operating activities of discontinued operations (164) (4,367)
Investing activities    
Purchase of property, plant and equipment (289,853) (282,088)
Acquisition of subsidiary, net of $4,311 cash received 0 (19,336)
Proceeds from sale of subsidiary, net of $340 cash disposed 0 19,660
Proceeds from the sale of property, plant and equipment 4,293 3,090
Value added taxes related to mineral property expenditures, net (30,134) (24,449)
Proceeds from the sale of mining licenses 0 7,296
Purchase of marketable securities and investment in debt securities (20,163) (28,050)
Proceeds from the sale of investments in marketable and debt securities 0 2,375
(Increase) decrease in term deposits (35,000) 59,034
Increase in restricted cash 0 (577)
Net cash used in investing activities of continuing operations (370,857) (263,045)
Net cash used in investing activities of discontinued operations (33) (2,833)
Financing activities    
Issuance of common shares, net of issuance costs 14,101 14,552
Contributions from non-controlling interests 272 409
Proceeds from borrowings 0 500,000
Repayments of borrowings 0 (517,286)
Debt redemption premium paid 0 (21,400)
Loan financing costs 0 (9,140)
Interest paid (34,862) (23,643)
Principal portion of lease liabilities (6,884) (10,579)
Purchase of treasury stock (13,969) 0
Net cash used in financing activities of continuing operations (41,342) (67,087)
Net cash used in financing activities of discontinued operations 0 (40)
Net (decrease) increase in cash and cash equivalents (201,236) 29,365
Cash and cash equivalents - beginning of year 481,327 451,962
Cash in disposal group held for sale (356) 0
Cash and cash equivalents - end of year $ 279,735 $ 481,327