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Consolidated Statements of Cashflows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net (loss) income for the year $ (135,906) $ 59,399
Items not involving cash    
Depletion and depreciation 172,809 122,272
Accretion expense 4,830 3,799
Income taxes 10,797 47,781
Interest expense, net 7,227 8,469
Loss on extinguishment of debt facility   595
Share-based payments, net of cash settlements (1) (3,079)
Impairment of mineral properties, plant and equipment 182,841  
Inventory net realizable value adjustments 8,898 7,035
Write off of mineral properties 5,874  
Unrealized foreign exchange loss 4,554 4,304
Unrealized (gain) loss on derivatives (1,194) 1,260
Other   3,360
Closure and reclamation payments (623) (354)
Changes in working capital (18,021) (39,314)
Cash provided by operating activities 242,085 215,526
Income taxes paid (42,222) (62,677)
Interest paid (7,465) (7,420)
Interest received 1,851 1,708
Net cash provided by operating activities 194,249 147,138
Investing activities:    
Cash consideration for acquisition of Roxgold   (25,333)
Cash acquired through acquisition of Roxgold   65,622
Promissory note receivable   (35,296)
Restricted cash (1,911)  
Additions to mineral properties, plant and equipment (251,236) (152,289)
Contractor advances on Seguela construction (2,186)  
Proceeds from sale of investments   14
Proceeds from sale of assets   12
Recoveries of Lindero construction VAT   28,771
Cash used in investing activities (255,333) (118,499)
Financing activities:    
Transaction costs on credit facility (688) (3,036)
Proceeds from credit facility 80,000  
Repayment of credit facility (20,000) (32,288)
Repurchase of common shares (5,929)  
Proceeds from issuance of common shares   313
Payments of lease obligations (12,209) (11,928)
Dividend payment to non-controlling interest (2,708) (4,483)
Cash provided by (used in) financing activities 38,466 (51,422)
Effect of exchange rate changes on cash and cash equivalents (3,986) (2,018)
(Decrease) increase in cash and cash equivalents during the year (26,604) (24,801)
Cash and cash equivalents, beginning of the year 107,097 131,898
Cash and cash equivalents, end of the year $ 80,493 $ 107,097