XML 34 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Cashflows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net loss for the year $ (43,630) $ (135,906)
Items not involving cash    
Depletion and depreciation 219,688 172,809
Accretion expense 6,773 4,830
Income taxes 32,579 10,797
Interest expense, net 15,017 7,227
Share-based payments, net of cash settlements 2,017 (1)
Impairment of mineral properties, plant and equipment 90,615 182,841
Inventory net realizable value adjustments 6,188 8,898
Inventory obsolescence adjustments 10,097  
Write-off of mineral properties 5,985 5,874
Unrealized foreign exchange loss 5,706 4,554
Investment gains (12,395)  
Unrealized gain on derivatives (170) (1,194)
Other 5,142  
Closure and reclamation payments (1,203) (623)
Changes in working capital (9,737) (18,021)
Cash provided by operating activities 332,672 242,085
Income taxes paid (25,872) (42,222)
Interest paid (13,545) (7,465)
Interest received 3,654 1,851
Net cash provided by operating activities 296,909 194,249
Investing activities:    
Costs related to Chesser acquisition, net of cash acquired (13,321)  
Restricted cash   (1,911)
Additions to mineral properties and property, plant and equipment (217,314) (251,236)
Contractor advances on Seguela construction (8) (2,186)
Purchases of investments (9,359)  
Proceeds from sale of investments 21,754  
Other investing activities 1,364  
Cash used in investing activities (216,884) (255,333)
Financing activities:    
Transaction costs on credit facility   (688)
Proceeds from credit facility 75,500 80,000
Repayment of credit facility (90,500) (20,000)
Repurchase of common shares   (5,929)
Issuance of common shares from option exercise 301  
Payments of lease obligations (16,625) (12,209)
Dividend payment to non-controlling interest (1,392) (2,708)
Cash (used in) provided by financing activities (32,716) 38,466
Effect of exchange rate changes on cash and cash equivalents 346 (3,986)
Increase (decrease) in cash and cash equivalents during the year 47,655 (26,604)
Cash and cash equivalents, beginning of the year 80,493 107,097
Cash and cash equivalents, end of the year $ 128,148 $ 80,493