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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net loss $ (48,164) $ (2,781)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depletion, depreciation and amortization 2,611 1,858
Share-based compensation 5,490 2,757
Accretion of asset retirement obligations 1,935 589
Settlement of asset retirement obligations (14,187) 0
Unrealized foreign exchange loss 1,516 353
Equity in loss of unconsolidated affiliates 421 0
Realized gain on marketable securities (450) (861)
Gain on sale of assets (3,490) (2)
Other, net 415 (27)
Changes in current assets and liabilities:    
Marketable securities 328 (985)
Inventories (7,184) 10,788
Trade and other receivables 29,965 (8,754)
Prepaid expenses and other current assets (203) (1,442)
Accounts payable and accrued liabilities (13,776) (2,327)
Net cash used in operating activities (44,773) (834)
INVESTING ACTIVITIES    
Additions to property, plant and equipment (5,990) (16,307)
Additions to mineral properties (11,893) (4,737)
Purchases of marketable securities (138,945) (145,017)
Maturities of marketable securities 84,995 133,253
Purchase of investments (6,874) (2,149)
Proceeds from sale of assets 3,490 2
Net cash used in investing activities (75,217) (34,955)
FINANCING ACTIVITIES    
Issuance of common shares for cash, net of issuance costs 151,879 4,788
Proceeds from Noncontrolling Interests 759 0
Cash received from exercise of stock options 157 156
Net cash provided by financing activities 152,131 3,555
Effect of exchange rate fluctuations on cash held in foreign currencies 1,098 (272)
Net change in cash, cash equivalents and restricted cash 33,239 (32,506)
Cash, cash equivalents and restricted cash, beginning of period 58,605 75,024
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 91,844 42,518
Supplemental disclosure of cash flow information:    
Cash paid for interest 108 96
Increase (decrease) in accrued capital expenditures and accounts payable for property, plant and equipment and mineral properties 2,710 (415)
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)