XML 67 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operations    
Net income (loss) for the period $ 20,720 $ (20,324)
Adjustments for:    
Depreciation and depletion 151,903 39,129
Change in fair value of warrants 29,862 38,185
Unrealized loss on gold contracts 12,868  
Tax expense 20,811 7,138
Finance expense 39,751 17,537
Unrealized (gain) loss on foreign exchange contracts 14,147 (1,640)
Share-based compensation 8,140 5,632
Expected credit losses 6,074 668
Finance fees paid (37,415) (17,500)
Unrealized foreign exchange (gain) loss (4,818) 955
Income taxes paid (32,788) (4,868)
Other 2,451 11,229
Operating cash flow before non-cash changes in working capital 231,706 76,141
Changes in non-cash working capital:    
Accounts receivable and other current assets (15,194) (4,200)
Inventory 20,545 (36,492)
Accounts payable and accrued liabilities (20,544) 24,273
Cash provided by (used in) Operations 216,513 59,722
Investing    
Proceeds from sale of assets 6,500 784
Acquisition of Leagold Mining 55,252  
Investment in Solaris Resources (12,480)  
Capital expenditures (172,902) (97,577)
Other (5,691) (14,500)
Cash provided by (used in) Investing (129,321) (111,293)
Financing    
Proceeds from option and warrant exercises 171,530 678
Draw down of loans and borrowings 518,958 189,661
Net proceeds from equity financings 39,938  
Decrease in restricted cash 11,635 537
Repayment of loans and borrowings (546,274) (136,888)
Lease payments (6,667) (438)
Other 960 3,446
Cash provided by (used in) Financing 190,080 56,996
Effect of foreign exchange on cash and cash equivalents (62) 1,469
Increase in cash and cash equivalents 277,210 6,894
Cash and cash equivalents, beginning of year 67,716 60,822
Cash and cash equivalents, end of year $ 344,926 $ 67,716