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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Profit for the year $ 96,379,000 $ 111,068,000 $ 224,435,000
Adjustments to reconcile profit to net cash flows for:      
Income tax expense 145,792,000 103,441,000 170,474,000
Depreciation 130,659,000 120,934,000 96,692,000
Loss on disposal of property, plant and equipment 38,000 426,000 73,000
Impairment loss for non-financial assets 0 13,332,000 0
Write-off of unsuccessful exploration efforts 14,779,000 29,563,000 25,789,000
Interest and amortization of debt issue costs 31,088,000 30,839,000 36,360,000
Borrowings cancellation costs 0 0 5,141,000
Amortization of other long-term liabilities (107,000) (127,000) (2,407,000)
Unwinding of long-term liabilities 5,153,000 6,456,000 6,026,000
Share-based payment expenses 6,274,000 7,328,000 11,038,000
Foreign exchange (gain) loss (12,160,000) 19,729,000 (19,725,000)
Unrealized gain on commodity risk management contracts 0 0 (13,023,000)
Income tax paid [1] (66,805,000) (115,626,000) (33,355,000)
Changes in working capital 119,941,000 (26,425,000) (40,047,000)
Cash flows from operating activities - net 471,031,000 300,938,000 467,471,000
Cash flows from investing activities      
Purchase of property, plant and equipment (191,310,000) (199,040,000) (168,808,000)
Advance payment for acquisitions of business (38,000,000) 0 0
Proceeds from the sale of long-term assets 2,455,000 450,000 15,135,000
Cash flows used in investing activities - net (226,855,000) (198,590,000) (153,673,000)
Cash flows from financing activities      
Proceeds from borrowings 10,728,000 0 0
Principal paid (731,000) 0 (172,522,000)
Interest paid (27,736,000) (27,500,000) (36,514,000)
Borrowings cancellation and other costs paid 0 0 (9,118,000)
Lease payments (7,775,000) (10,267,000) (7,851,000)
Repurchase of shares (43,691,000) (31,239,000) (36,265,000)
Cash distribution (30,035,000) (29,715,000) (24,282,000)
Cash flows used in financing activities - net (99,240,000) (98,721,000) (286,552,000)
Net increase in cash and cash equivalents 144,936,000 3,627,000 27,246,000
Cash and cash equivalents at January 1 133,036,000 128,843,000 100,604,000
Currency translation differences (1,222,000) 566,000 993,000
Cash and cash equivalents at the end of the year 276,750,000 133,036,000 128,843,000
Cash and cash equivalents are comprised by:      
Cash in bank and bank deposits 276,739,000 133,023,000 128,831,000
Cash in hand 11,000 13,000 12,000
Cash and cash equivalents $ 276,750,000 $ 133,036,000 $ 128,843,000
[1] Includes self-withholding taxes for US$ 22,324,000, US$ 35,116,000, and US$ 20,767,000 in 2024, 2023 and 2022, respectively.