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Consolidated Statements of Cash Flows
$ in Thousands, € in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Operating activities    
Net earnings for the year from continuing operations $ 300,636 $ 105,790
Adjustments for:    
Depreciation and amortization 254,991 264,325
Finance costs 23,049 32,839
Interest income (23,949) (17,640)
Unrealized foreign exchange loss (gain) 174 (15,167)
Income tax expense 134,758 57,575
(Gain) loss on disposal of assets (1,624) 605
Unrealized loss on derivative contracts 51,751 9,584
Realized gain on derivative contracts (150) (431)
Write-down of assets 6,135 9,719
Share-based payments expense 11,872 10,195
Non-cash gain on deferred consideration (60,000) 0
Employee benefit plan expense 3,584 4,228
Total adjustments to reconcile profit (loss) 701,227 461,622
Property reclamation payments (3,688) (3,591)
Employee benefit plan payments (3,003) (5,084)
Settlement of derivative contracts 150 431
Income taxes paid (83,162) (59,839)
Interest received 23,949 17,640
Changes in non-cash operating working capital 10,189 (28,282)
Net cash generated from operating activities of continuing operations 645,662 382,897
Net cash (used in) generated from operating activities of discontinued operations (416) 414
Investing activities    
Additions to property, plant and equipment (594,142) (401,870)
Capitalized interest paid (30,461) (10,782)
Proceeds from the sale of property, plant and equipment 562 1,647
Value added taxes related to mineral property expenditures (9,756) (17,906)
Proceeds from the sale of mining licenses 5,600 0
Purchase of marketable securities and investment in debt securities (11,416) (633)
Proceeds from the sale of investments in marketable and debt securities 10,277 0
Deposit on property, plant and equipment (5,098) 0
Decrease in other investments 3,826 33,864
Net cash used in investing activities of continuing operations (630,608) (395,680)
Financing activities    
Issuance of common shares for cash, net of share issuance costs 14,112 168,664
Contributions from non-controlling interests 201 265
Term Facility loan financing costs 0 (22,084)
Term Facility commitment fees (3,806) (5,066)
Senior Secured Credit Facility refinancing costs (2,210) 0
Interest paid (19,905) (29,490)
Principal portion of lease liabilities (4,796) (3,968)
Purchase of treasury stock (1,962) (4,442)
Net cash generated from financing activities of continuing operations 301,270 273,877
Net increase in cash and cash equivalents 315,908 261,508
Cash and cash equivalents - beginning of year 540,473 279,735
Change in cash in disposal group held for sale 416 (770)
Cash and cash equivalents - end of year 856,797 540,473
Commercial Loans and RRF Loans    
Financing activities    
Proceeds from Term Facility 310,918 166,738
Revolving VAT facility    
Financing activities    
Proceeds from Term Facility 56,022 14,588
Repayments of Term Facility - VAT facility $ (47,300) $ (11,328)