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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities    
Net earnings (loss) from continuing operations $ 847.8 $ 97.5
Adjustments for:    
Depreciation expense 275.0 221.7
Impairment (reversal) charge (455.5) 0.0
Gain on sale of Bambouk assets (34.1) (109.1)
Deferred revenue recognized (235.7) 0.0
Income tax expense 129.4 30.7
Finance costs 70.8 21.0
Other non-cash items (80.6) (42.5)
Adjustments for cash items:    
Proceeds from gold prepayment 119.3 0.0
Proceeds from insurance claim 27.3 0.6
Settlement of derivatives (2.9) 23.3
Disbursements related to asset retirement obligations (2.9) (2.0)
Other (2.1) 0.0
Movements in non-cash working capital items and non-current ore stockpiles (114.4) (14.9)
Cash from operating activities, before income taxes paid 541.4 226.3
Income taxes paid (55.4) (82.3)
Net cash from (used in) operating activities related to continuing operations 486.0 144.0
Net cash from (used in) operating activities related to discontinued operations 0.0 15.4
Net cash from (used in) operating activities 486.0 159.4
Investing activities    
Capital expenditures for property, plant and equipment (558.6) (907.3)
Capitalized borrowing costs (77.8) (68.3)
Other investing activities 18.5 (5.3)
Net from (used in) investing activities related to continuing operations (582.4) (394.1)
Net cash from (used in) investing activities related to discontinued operations 0.0 (8.2)
Net cash from (used in) investing activities (582.4) (402.3)
Financing activities    
Net proceeds from issuance of shares 287.5 0.0
Net funding from (payment to) Sumitomo Metal Mining Co. Ltd. (332.5) 327.1
Payment of repurchase option fee (32.7) 0.0
Other financing activities (59.0) (47.4)
Net cash from (used in) financing activities related to continuing operations 83.3 203.7
Net cash from (used in) financing activities related to discontinued operations 0.0 (2.0)
Net cash from (used in) financing activities 83.3 201.7
Effects of exchange rate fluctuation on cash and cash equivalents (7.0) 1.3
Increase (decrease) in cash and cash equivalents - all operations (20.1) (39.9)
Decrease (increase) in cash and cash equivalents - held for sale 0.5 (0.8)
Increase (decrease) in cash and cash equivalents - continuing operations (19.6) (40.7)
Cash and cash equivalents, beginning of the year 367.1 407.8
Cash and cash equivalents, end of the year 347.5 367.1
Rosebel    
Investing activities    
Proceeds from sale of joint ventures 0.0 389.2
Bambouk    
Investing activities    
Proceeds from sale of joint ventures 35.5 197.6
Credit facility    
Financing activities    
Proceeds from credit facility 280.0 0.0
Proceeds from credit facility (60.0) (455.0)
Equipment loans    
Financing activities    
Proceeds from credit facility $ 0.0 $ 379.0