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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net (loss) income $ (32,021) $ 36,293
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation and accretion (Note 6) 140,837 111,640
Deferred tax recovery (Note 10) (2,259) (37,882)
Stock-based compensation expense (Note 8) 29 9,521
Amortization of debt issuance costs (Note 7) 7,915 6,066
Unrealized foreign exchange loss (gain) 4,801 (5,589)
Loss on bond purchased 90 0
Unrealized derivative instruments gain (10,491) 0
Cash settlement of asset retirement obligation (3,045) (223)
Non-cash lease expenses 3,461 2,794
Lease payments (3,112) (2,369)
Net change in assets and liabilities from operating activities (Note 13) 1,702 13,809
Net cash provided by operating activities 107,907 134,060
Investing Activities    
Additions to property, plant and equipment (Note 6 and 13) (153,971) (114,044)
Net cash used in investing activities (153,971) (114,044)
Financing Activities    
Proceeds from issuance of Senior Notes, net of issuance costs (Note 7) 0 85,615
Proceeds from long-term debt, net of issuance costs (Note 7) 44,781 0
Repayment of long-term debt (Note 7) (1,894) 0
Repayment of Senior Notes (Note 7) (24,828) (36,364)
Purchase of Senior Notes (1,712) 0
Re-purchase of shares of Common Stock (Note 8) (3,466) (8,667)
Proceeds from exercise of stock options 22 367
Lease payments (7,849) (7,078)
Net cash provided by financing activities 5,054 33,873
Foreign exchange loss on cash, cash equivalents and restricted cash and cash equivalents (766) (1,513)
Net (decrease) increase in cash, cash equivalents and restricted cash and cash equivalents (41,776) 52,376
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period (Note 13) 111,337 71,038
Cash and cash equivalents and restricted cash and cash equivalents, end of period (Note 13) $ 69,561 $ 123,414