XML 14 R3.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities        
Net income $ 29,004 $ 76,106
Adjustments for:      
Depreciation, depletion, and amortization 47,095 58,742
Amortization of debt discount 235 227
Reclamation accretion expense 2,173 1,311
Deferred income taxes (1,977) (16,404)
Stock-based compensation 2,047 4,849
Equity (income) loss of affiliates 0 253
Unrealized loss (gain) on derivative instruments 0 (364)
Change in fair value of marketable securities (1,866) 923
Non-cash fair value adjustment on acquired inventories 3,623 4,540
Loss (gain) on sale of mineral properties, plant and equipment 240 584
Change in fair value of deferred consideration 2,085 0
Loss (gain) on foreign exchange 8,210 0
Net change in operating assets and liabilities   (87,902) (68,580)
Net cash provided by operating activities 2,967 62,187
Investing activities    
Additions to mineral properties, plant and equipment (59,242) (34,492)
Purchases of marketable securities (484) 0
Net proceeds from sale of marketable securities 7,845 6,607
Net cash provided by (used in) investing activities (51,881) (27,885)
Financing activities     
Repayment of debt, principal (17,802) (17,781)
Repurchase of common shares (5,197) 0
Proceeds from exercise of stock options 208 2,398
Principal payments on finance leases (950) (7,293)
Non-controlling interest dividend 0 (30,773)
Dividends paid (14,448) 0
Net cash provided by (used in) financing activities (38,189) (53,449)
Effect of foreign exchange rate changes on cash and cash equivalents (6,191) 583
Net increase (decrease) in cash, cash equivalents, and restricted cash (93,294) (18,564)
Cash, cash equivalents, and restricted cash beginning of period 689,106 1,052,865
Cash, cash equivalents, and restricted cash end of period 595,812 1,034,301
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 561,783 998,986
Restricted cash 34,029 35,315
Total cash, cash equivalents, and restricted cash $ 595,812 $ 1,034,301