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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net income for the year $ 554,889 $ 22,288
Adjustments for:    
Depreciation and depletion 198,134 152,185
Finance expense 41,551 39,751
Change in fair value of derivatives (90,643) 92,684
Settlements of derivatives (46,308) (35,809)
Gain on bargain purchase of Premier Gold Mines Limited (81,432) 0
(Gain) loss on disposal of assets (81,970) 1,679
Gain on reclassification of investment in Solaris Resources Inc. (186,067) 0
Unrealized foreign exchange gain (2,963) (4,818)
Share-based compensation expense 7,327 8,140
Income tax (recovery) expense (19,854) 20,811
Income taxes paid (24,934) (32,788)
Other (3,608) 6,848
Operating cash flow before non-cash changes in working capital 264,122 270,971
Non-cash changes in working capital 56,656 (15,193)
Cash provided by (used in) operating activities 320,778 255,778
Investing activities    
Expenditures on mineral properties, plant and equipment (344,224) (174,753)
Net proceeds on disposal of assets 90,478 6,500
Other (10,323) (5,691)
Cash provided by (used in) investing activities (347,567) (131,172)
Financing activities    
Draw down on Credit Facility 0 379,680
Proceeds from issuance of Convertible Notes 0 139,278
Transaction costs 0 (10,622)
Repayment of loans and borrowings (30,983) (546,274)
Interest paid (22,112) (26,536)
Lease payments (24,309) (6,667)
Net proceeds from issuance of shares 59,498 42,793
Proceeds from exercise of warrants and stock options 17,655 171,530
Other (1,344) 9,483
Cash provided by (used in) financing activities (1,595) 152,665
Effect of foreign exchange on cash and cash equivalents (6,469) (61)
(Decrease) increase in cash and cash equivalents (34,853) 277,210
Cash and cash equivalents – beginning of year 344,926 67,716
Cash and cash equivalents – end of year 310,073 344,926
Cash and cash equivalents reclassified as held for sale (4,575) 0
Cash and cash equivalents, excluding amounts classified as held for sale – end of year 305,498 344,926
Greenstone Gold Mines LP    
Investing activities    
Investment in associates (50,905) 0
i-80 Gold Corp.    
Operating activities    
Net income for the year (13,552)  
Investing activities    
Investment in associates (40,860) 0
Financing activities    
Cash and cash equivalents, excluding amounts classified as held for sale – end of year 51,627  
Solaris Resources Inc    
Investing activities    
Investment in associates 0 (12,480)
Premier Gold Mines Limited    
Investing activities    
Acquisition of subsidiaries 8,267 0
Leagold Mining Corporation    
Investing activities    
Acquisition of subsidiaries $ 0 $ 55,252