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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities    
Income for the year $ 103,067 $ 202,632
Adjustments for:    
Amortization and depreciation 58,969 47,290
Income tax expense 23,316 34,288
Amortization of deferred revenue (14,781) (7,279)
Share-based compensation 7,931 7,848
Finance income (10,295) (2,991)
Finance expenses 33,223 12,159
Foreign exchange (gain) loss (23,095) 20,277
Other (490) (1,164)
Changes in non-cash working capital items (18,029) (15,098)
Cash flows from operations 159,816 297,962
Advance from NX Gold PMPA 3,207 100,000
Derivative contract settlements (11,983) (22,240)
Provision settlements (2,238) (2,039)
Income taxes paid (5,416) (9,094)
Cash flows from operating activities 143,386 364,589
Cash Flows used in Investing Activities    
Additions to mineral property, plant and equipment (282,775) (169,159)
Additions to exploration and evaluation assets (13,044) (12,672)
Other investments, net of interest received (129,987) 2,305
Cash flows used in investing activities (425,806) (179,526)
Cash Flows (used in) / from Financing Activities    
Lease liability payments (7,426) (4,843)
New loans and borrowings, net of finance costs 401,495 5,471
Loans and borrowings repaid (55,650) (113,240)
Interest paid on loans and borrowings (15,383) (4,164)
Other finance expenses paid (4,542) (4,204)
Proceeds from exercise of stock options and warrants 8,805 5,550
Cash flows (used in)/from financing activities 327,299 (115,430)
Effect of exchange rate changes on cash and cash equivalents 2,694 (2,012)
Net increase in cash and cash equivalents 47,573 67,621
Cash and cash equivalents - beginning of year 130,129 62,508
Cash and cash equivalents - end of year $ 177,702 $ 130,129