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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
— OPERATING ACTIVITIES    
Net income for the year $ 78,450 $ 27,622
Items not affecting cash:    
Depletion and depreciation 60,239 36,177
Gain on disposal of investments in associate (37,396) 0
Gain on disposal of stream, royalty and other interests (25,833) 0
Interest expense and financing amortization 17,193 2,072
Share-based payments 6,101 6,002
Deferred income tax expense 4,058 14,202
(Gain) loss on revaluation of investments (1,756) 1,659
Share of net loss of associates 3,654 943
Stream, royalty and other interests impairments 1,086 408
Unrealized foreign exchange loss 765 589
Gain on revaluation of Vale Royalties financial instrument 0 (5,887)
Other 3,245 (307)
Changes in non-cash working capital (2,890) (2,341)
Cash flow from (used in) operating activities 106,916 81,139
— INVESTING ACTIVITIES    
Acquisition of stream, royalty, and other interests (620,790) (152,697)
Proceeds from disposal of stream, royalty and other interests 38,113 0
Proceeds from disposal of investments and other 7,255 22,362
Acquisition of investments and other assets (33,432) (13,018)
Investment in Hod Maden interest (3,818) (559)
Cash flow from (used in) investing activities (612,672) (143,912)
— FINANCING ACTIVITIES    
Bank debt drawn 653,122 0
Bank debt repaid (212,372) 0
Proceeds from issuance of common shares net of financing costs 86,031 0
Interest paid (15,159) (1,169)
Dividends paid (13,637) 0
Redemption of common shares (normal course issuer bid) and other (421) (33,051)
Cash flow from (used in) financing activities 497,564 (34,220)
Effect of exchange rate changes on cash and cash equivalents (945) (617)
Net decrease in cash and cash equivalents (9,137) (97,610)
Cash and cash equivalents — beginning of the year 16,166 113,776
Cash and cash equivalents — end of the year $ 7,029 $ 16,166