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Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016
Cash flows from operating activities |  |
Net income for the year | $ 71,466 | $ 64,957
Adjustments for: |  |
Depreciation, depletion and amortization | 102,482 | 76,169
Net finance expense | 26,467 | 22,507
Impairment reversal | (24,357) | 0
Income tax expense | 3,121 | 16,028
Non-cash foreign exchange (gain) loss | (4,373) | 2,069
Net changes in non-cash working capital items | (4,886) | 9,186
Other operating activities | 3,610 | 6,405
Cash generated in operating activities before interest and taxes | 173,530 | 197,321
Moratorium paid | (9,270) | 0
Interest paid | (15,235) | (8,087)
Income taxes paid | (4,300) | (18,550)
Cash generated by operating activities | 144,725 | 170,684
Cash flows from investing activities |  |
Purchase of plant and equipment | (28,897) | (42,272)
Capitalized stripping costs | (22,863) | (32,624)
Underground mine development costs | (8,294) | (5,377)
Chinchillas project costs | (11,432) | 0
Capitalized exploration costs | (5,368) | (5,797)
Closing payment on formation of joint venture, net of cash acquired | (12,972) | 0
Proceeds from sale of marketable securities | 68,641 | 4,969
Cash received on Seabee Gold Operation acquisition, net of share exchange payment | 0 | 16,753
Interest received | 3,944 | 1,670
Tax deposit recovered | 0 | 18,243
Other | 1,747 | 1,171
Cash (used) in investing activities | (15,494) | (43,264)
Cash flows from financing activities |  |
Proceeds from exercise of stock options | 2,281 | 6,700
Funding from non-controlling interest | 2,320 | 0
Repayment of bank loan | 0 | (3,845)
Repayment of Seabee Gold Operation credit facility | 0 | (13,707)
Share issuance fees on Seabbee Gold Operation acquisition | 0 | (212)
Cash generated (used) by financing activities | 4,601 | (11,064)
Effect of foreign exchange rate changes on cash and cash equivalents | (1,095) | (1,091)
Increase in cash and cash equivalents | 132,737 | 115,265
Cash and cash equivalents, beginning of year | 327,127 | 211,862
Cash and cash equivalents, end of year | $ 459,864 | $ 327,127

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- Definition The cash outflow for the purchase of interests in investments accounted for using the equity method. [Refer: Investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2017-01-01 -Paragraph 16 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=7&date=2017-03-01&anchor=para_16&doctype=Standard -URIDate 2017-03-09 + Details
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- Definition The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2017-01-01 -Paragraph 16 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=7&date=2017-03-01&anchor=para_16_a&doctype=Standard -URIDate 2017-03-09 + Details
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- Definition The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2017-01-01 -Paragraph 17 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=7&date=2017-03-01&anchor=para_17_d&doctype=Standard -URIDate 2017-03-09 + Details
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- Definition Adjustments To Reconcile Profit (Loss), Non-Cash [Abstract] + References No definition available. + Details
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- Definition Capitalized Stripping Costs, Classified As Investing Activities + References No definition available. + Details
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- Definition Income Taxes Moratorium Paid (Refund), Classified As Operating Activities + References No definition available. + Details
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- Definition The cash outflow from the repayments of a long-term debt originally issued by another party but is assumed by the entity. + References No definition available. + Details
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- Definition Underground Mine Development Costs, Classified As Investing Activities + References No definition available. + Details
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