XML 33 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from (used in) operating activities [abstract]    
Net income (loss) $ 141,906 $ (43,630)
Adjustments to reconcile profit (loss) [abstract]    
Depletion and depreciation 229,958 219,688
Accretion expense 9,055 6,773
Income taxes 70,303 32,579
Interest expense, net 16,498 15,017
Share-based payments, net of cash settlements 8,146 2,017
Impairment of mineral properties, plant and equipment   90,615
Inventory net realizable value adjustments 6,058 6,188
Inventory obsolescence adjustments 1,006 10,097
Write-off of mineral properties 14,485 5,985
Unrealized foreign exchange loss 388 5,706
Investment gains (9,716) (12,395)
Other 9,526 4,972
Closure, reclamation and related severance payments (5,595) (1,203)
Changes in working capital (72,482) (9,737)
Cash provided by operating activities 419,536 332,672
Income taxes paid (43,554) (25,872)
Interest paid (14,844) (13,545)
Interest received 4,539 3,654
Net cash provided by operating activities 365,677 296,909
Cash flows from (used in) investing activities [abstract]    
Additions to mineral properties and property, plant and equipment (203,778) (217,314)
Purchases of investments (35,857) (9,359)
Proceeds from sale of investments 45,573 21,754
Deposits on long-term assets (1,769)  
Costs related to Chesser acquisition, net of cash acquired   (13,321)
Other investing activities 1,391 1,356
Cash used in investing activities (194,440) (216,884)
Cash flows from (used in) financing activities [abstract]    
Repayment of credit facility   (90,500)
Repurchase of common shares (34,128)  
Issuance of common shares from option exercise   301
Payments of lease obligations (20,690) (16,625)
Dividend payment to non-controlling interests (717) (1,392)
Cash used in financing activities (66,135) (32,716)
Effect of exchange rate changes on cash and cash equivalents (1,922) 346
Increase in cash and cash equivalents during the year 103,180 47,655
Cash and cash equivalents, beginning of the year 128,148 80,493
Cash and cash equivalents, end of the year 231,328 128,148
Convertible debentures    
Cash flows from (used in) financing activities [abstract]    
Repayment of credit facility (9,649)  
Credit Facility    
Cash flows from (used in) financing activities [abstract]    
Convertible notes issued 68,000 75,500
Repayment of credit facility (233,000) $ (90,500)
Cost of financing - Convertible Notes (1,963)  
Convertible notes 2024    
Cash flows from (used in) financing activities [abstract]    
Convertible notes issued 172,500  
Cost of financing - Convertible Notes $ (6,488)