XML 15 R3.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities        
Net income (loss) $ (355,698,000) $ 151,380,000
Adjustments for:      
Depreciation, depletion, and amortization 61,409,000 91,736,000
Reclamation and remediation costs 200,522,000 4,346,000
Deferred income taxes (26,511,000) (90,599,000)
Stock-based compensation (2,974,000) 3,521,000
Equity (income) loss of affiliates 442,000 175,000
Change in fair value of marketable securities (6,419,000) (1,120,000)
Non-cash fair value adjustment on acquired inventories 2,830,000 10,736,000
Loss (gain) on sale and disposal of assets, net (5,599,000) 1,050,000
Impairment charges 114,230,000 0
Change in fair value of deferred consideration (1,536,000) 2,025,000
Loss (gain) on foreign exchange 6,499,000 21,034,000
Non-cash care and maintenance 20,003,000 0
Other operating activities 1,966,000 850,000
Net change in operating assets and liabilities   (62,665,000) (111,824,000)
Net cash provided by (used in) operating activities (53,501,000) 83,310,000
Investing activities    
Additions to mineral properties, plant and equipment (72,211,000) (117,177,000)
Acquisitions, net [1] 0 (119,925,000)
Purchases of marketable securities (9,626,000) (2,484,000)
Net proceeds from sale of marketable securities 8,747,000 7,845,000
Proceeds from sale of mineral properties, plant and equipment 4,853,000 0
Contributions to equity method investments (225,000) 0
Net cash used in investing activities (68,462,000) (231,741,000)
Financing activities     
Repayment of debt, principal (920,000) (35,336,000)
Advance from non-controlling interest 3,415,000 0
Repurchase of common shares (9,825,000) (45,305,000)
Proceeds from exercise of stock options 0 208,000
Principal payments on finance leases (2,002,000) (1,913,000)
Dividends paid 0 (28,788,000)
Net cash used in financing activities (9,332,000) (111,134,000)
Effect of foreign exchange rate changes on cash and cash equivalents (2,791,000) (16,738,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash (134,086,000) (276,303,000)
Cash, cash equivalents, and restricted cash beginning of period 492,494,000 689,106,000
Cash, cash equivalents, and restricted cash end of period 358,408,000 412,803,000
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 358,307,000 379,243,000
Restricted cash 101,000 33,560,000
Total cash, cash equivalents, and restricted cash $ 358,408,000 $ 412,803,000
[1] Acquisitions, net for the six months ended June 30, 2023 is comprised of $120.0 million cash paid in the acquisition of Hod Maden Project, net of cash and cash equivalents acquired.