XML 40 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net income (loss) $ (26,324) $ 3,638
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and amortization 1,271 668
Share-based compensation 2,605 1,345
Accretion of asset retirement obligations 1,073 276
Settlement of asset retirement obligations (7,649) 0
Unrealized foreign exchange loss 1,423 702
Equity in loss of unconsolidated affiliates 141 0
Realized gain on marketable securities 188 212
Gain on sale of assets (355) 0
Other, net (76) (24)
Changes in current assets and liabilities:    
Marketable securities 852 (540)
Inventories (180) 8,719
Trade and other receivables 17,400 (60)
Prepaid expenses and other current assets 236 (850)
Accounts payable and accrued liabilities (9,060) (4,821)
Net cash provided by (used in) operating activities (18,831) 8,841
INVESTING ACTIVITIES    
Additions to property, plant and equipment (4,309) (4,783)
Additions to mineral properties (4,284) (2,476)
Purchases of marketable securities (37,209) (64,730)
Maturities of marketable securities 27,760 57,165
Purchase of investments (5,682) 0
Proceeds from sale of assets 355 0
Net cash used in investing activities (23,369) (14,824)
FINANCING ACTIVITIES    
Issuance of common shares for cash, net of issuance costs 77,623 4,788
Proceeds from Noncontrolling Interests 759 0
Cash received from exercise of stock options 123 103
Net cash provided by financing activities 77,841 3,502
Effect of exchange rate fluctuations on cash held in foreign currencies (1,069) (46)
Net change in cash, cash equivalents and restricted cash 34,572 (2,527)
Cash, cash equivalents and restricted cash, beginning of period 58,605 75,024
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 93,177 72,497
Supplemental disclosure of cash flow information:    
Cash paid for interest 56 65
Increase (decrease) in accrued capital expenditures and accounts payable for property, plant and equipment and mineral properties 540 (18)
Restricted Stock Units (RSUs)    
FINANCING ACTIVITIES    
Cash paid to fund employee income tax withholding due upon vesting of restricted stock units (664) (837)
Stock Appreciation Rights (SARs)    
FINANCING ACTIVITIES    
Cash paid to fund employee income tax withholding due upon vesting of restricted stock units $ 0 $ (552)