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Consolidated Statements of Cash Flows
€ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Operating activities    
Net earnings (loss) from continuing operations $ 105,790 $ (49,368)
Adjustments for:    
Depreciation and amortization 264,325 242,393
Finance costs 32,839 41,625
Interest income (17,640) (6,763)
Unrealized foreign exchange gain (15,167) (2,413)
Income tax expense 57,575 61,224
Loss (gain) on disposal of assets 605 (2,959)
Unrealized loss on derivative contracts 9,584 0
Realized gain on derivative contracts (431) 0
Write-down of assets 9,719 32,499
Share-based payments expense 10,195 10,744
Employee benefit plan expense 4,228 5,982
Total adjustments to reconcile profit (loss) 461,622 332,964
Property reclamation payments (3,591) (3,202)
Employee benefit plan payments (5,084) (6,180)
Settlement of derivative contracts 431 0
Income taxes paid (59,839) (90,871)
Interest received 17,640 6,763
Changes in non-cash operating working capital (28,282) (28,314)
Net cash generated from operating activities of continuing operations 382,897 211,160
Net cash generated from (used in) operating activities of discontinued operations 414 (164)
Investing activities    
Additions to property, plant and equipment (401,870) (289,853)
Capitalized interest paid (10,782) 0
Proceeds from the sale of property, plant and equipment 1,647 4,293
Value added taxes related to mineral property expenditures (17,906) (30,134)
Purchase of marketable securities and investment in debt securities (633) (20,163)
Decrease (increase) in term deposits 33,864 (35,000)
Net cash used in investing activities of continuing operations (395,680) (370,857)
Net cash used in investing activities of discontinued operations 0 (33)
Financing activities    
Issuance of common shares, net of issuance costs 168,664 14,101
Contributions from non-controlling interests 265 272
Term Facility loan financing costs (22,084) 0
Term Facility commitment fees (5,066) 0
Interest paid (29,490) (34,862)
Principal portion of lease liabilities (3,968) (6,884)
Purchase of treasury stock (4,442) (13,969)
Net cash generated from (used in) financing activities of continuing operations 273,877 (41,342)
Net increase (decrease) in cash and cash equivalents 261,508 (201,236)
Cash and cash equivalents - beginning of year 279,735 481,327
Cash in disposal group held for sale (770) (356)
Cash and cash equivalents - end of year 540,473 279,735
Commercial Loans and RRF Loans    
Financing activities    
Proceeds from Term Facility 166,738 0
Revolving VAT facility    
Financing activities    
Proceeds from Term Facility 14,588 0
Repayments of Term Facility - VAT Facility $ (11,328) $ 0