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CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Profit (Loss) for the year $ 224,435,000 $ 61,127,000 $ (232,950,000)
Adjustments for:      
Income tax expense 170,474,000 67,271,000 47,863,000
Depreciation 96,692,000 88,969,000 118,073,000
Loss on disposal of property, plant and equipment 73,000 787,000 417,000
Impairment loss for non-financial assets 0 4,334,000 133,864,000
Write-off of unsuccessful exploration efforts 25,789,000 12,262,000 52,652,000
Accrual of borrowing's interests 36,360,000 44,378,000 48,690,000
Borrowings cancellation costs 5,141,000 6,308,000 0
Amortization of other long-term liabilities (2,407,000) (223,000) (387,000)
Unwinding of long-term liabilities 6,026,000 5,079,000 5,894,000
Accrual of share-based payment 11,038,000 6,621,000 8,444,000
Foreign exchange (gain) loss (19,725,000) (5,049,000) 3,594,000
Unrealized (gain) loss on commodity risk management contracts (13,023,000) (463,000) 12,978,000
Income tax paid (33,355,000) (65,273,000) (25,193,000)
Changes in working capital (40,047,000) (9,351,000) (5,240,000)
Cash flows from operating activities - net 467,471,000 216,777,000 168,699,000
Cash flows from investing activities      
Purchase of property, plant and equipment (168,808,000) (129,258,000) (75,298,000)
Acquisition of business, net of cash acquired 0 0 (272,335,000)
Proceeds from disposal of long-term assets 15,135,000 2,700,000 0
Cash flows used in investing activities - net (153,673,000) (126,558,000) (347,633,000)
Cash flows from financing activities      
Proceeds from borrowings 0 172,174,000 350,000,000
Debt issuance costs paid 0 (2,019,000) (7,507,000)
Principal paid (172,522,000) (274,934,000) (3,575,000)
Interest paid (36,514,000) (42,592,000) (37,594,000)
Borrowings cancellation and other costs paid (9,118,000) (12,908,000) 0
Lease payments (7,851,000) (7,518,000) (9,380,000)
Repurchase of shares (36,265,000) (11,841,000) (4,009,000)
Cash distribution (24,282,000) (7,224,000) (4,859,000)
Payments for transactions with former non-controlling interest 0 (3,580,000) (11,931,000)
Cash flows (used in) from financing activities - net (286,552,000) (190,442,000) 271,145,000
Net increase (decrease) in cash and cash equivalents 27,246,000 (100,223,000) 92,211,000
Cash and cash equivalents at January 1 100,604,000 201,907,000 111,180,000
Currency translation differences 993,000 (1,080,000) (1,484,000)
Cash and cash equivalents at the end of the year 128,843,000 100,604,000 201,907,000
Ending Cash and cash equivalents are specified as follows:      
Cash in bank and bank deposits 128,831,000 100,587,000 201,884,000
Cash in hand 12,000 17,000 23,000
Cash and cash equivalents $ 128,843,000 $ 100,604,000 $ 201,907,000