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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities        
Net income (loss) $ (349,447,000) $ 144,135,000
Adjustments for:      
Depreciation, depletion, and amortization 91,852,000 147,727,000
Reclamation and remediation costs 280,146,000 6,519,000
Payments for reclamation and remediation liabilities (126,848,000) (1,249,000)
Deferred income taxes (31,676,000) (32,233,000)
Stock-based compensation 562,000 6,287,000
Change in fair value of marketable securities (6,749,000) (565,000)
Non-cash fair value adjustment on acquired inventories 2,830,000 12,986,000
Write-down (recovery) of leach pad inventory (274,000) 6,305,000
Loss (gain) on sale and disposal of assets, net (5,133,000) 1,610,000
Impairment charges 114,599,000 2,637,000
Change in fair value of deferred consideration (2,208,000) 1,673,000
Other taxes 4,865,000 0
Loss (gain) on foreign exchange 10,448,000 39,842,000
Non-cash care and maintenance 35,157,000 0
Other operating activities 4,648,000 561,000
Net change in operating assets and liabilities   (77,621,000) (117,669,000)
Net cash provided by (used in) operating activities (54,849,000) 218,566,000
Investing activities    
Additions to mineral properties, plant and equipment (104,961,000) (164,633,000)
Acquisitions, net [1] 0 (119,925,000)
Purchases of marketable securities (22,262,000) (3,828,000)
Net proceeds from sale of marketable securities 19,268,000 8,258,000
Proceeds from sale of mineral properties, plant and equipment 4,853,000 0
Contributions to equity method investments (454,000) 0
Other investing activities 0 (83,000)
Net cash used in investing activities (103,556,000) (280,211,000)
Financing activities     
Repayment of debt, principal (920,000) (71,153,000)
Proceeds from the issuance of debt, related party 18,375,000 4,500,000
Repurchase of common shares (9,825,000) (45,305,000)
Proceeds from exercise of stock options 0 208,000
Principal payments on finance leases (3,020,000) (2,889,000)
Dividends paid 0 (43,167,000)
Net cash provided by (used in) financing activities 4,610,000 (157,806,000)
Effect of foreign exchange rate changes on cash and cash equivalents (4,358,000) (31,880,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash (158,153,000) (251,331,000)
Cash, cash equivalents, and restricted cash beginning of period 492,494,000 689,106,000
Cash, cash equivalents, and restricted cash end of period $ 334,341,000 $ 437,775,000
[1] Acquisitions, net for the nine months ended September 30, 2023 is comprised of $120.0 million cash paid in the acquisition of Hod Maden Project, net of cash and cash equivalents acquired.