XML 30 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net earnings $ 507,804 $ 86,138
Adjustments for Depreciation and depletion 245,779 258,730
Gain on disposal of mineral royalty interest   (2,929)
Impairment charges   165,912
Interest expense 12,366 44,942
Equity settled stock based compensation 5,432 5,691
Performance share units 9,398 7,834
Pension expense 806 810
Income tax expense (recovery) (2,475) (9,066)
Loss (gain) on fair value adjustment of share purchase warrants held (337) 16
Fair value (gain) loss on convertible note receivable (1,899) 1,043
Investment income recognized in net earnings (230) (875)
Other 1,487 1,833
Change in non-cash working capital 1,025 (11,837)
Cash generated from operations before income taxes and interest 779,156 548,242
Income taxes recovered (paid) 49 (5,380)
Interest paid (13,992) (42,059)
Interest received 229 817
Cash generated from operating activities 765,442 501,620
Financing activities    
Bank debt repaid (679,500) (389,500)
Credit facility extension fees (1,373) (1,106)
Share purchase options exercised 21,892 37,038
Lease payments (704) (637)
Dividends paid (167,212) (129,986)
Cash (used for) generated from financing activities (826,897) (484,191)
Investing activities    
Mineral stream interests (322) (183)
Early deposit mineral stream interests (1,500) (1,500)
Proceeds on disposal of mineral royalty interest   9,000
Acquisition of long-term investments (10,671) (909)
Acquisition of convertible note receivable   (10,000)
Proceeds on disposal of long-term investments 162,942 17,824
Dividend income received   59
Other (801) (3,661)
Cash generated from (used for) investing activities 149,648 10,630
Effect of exchange rate changes on cash and cash equivalents 504 160
Increase in cash and cash equivalents 88,697 28,219
Cash and cash equivalents, beginning of year 103,986 75,767
Cash and cash equivalents, end of year $ 192,683 $ 103,986