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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities    
Income for the year $ 94,304 $ 103,067
Adjustments for:    
Amortization and depreciation 83,024 58,969
Income tax expense 18,047 23,316
Amortization of deferred revenue (17,082) (14,781)
Share-based compensation 9,218 7,931
Finance income (12,465) (10,295)
Finance expenses 25,822 33,223
Foreign exchange gain (36,798) (23,095)
Other 4,236 (490)
Changes in non-cash working capital items (8,372) (18,029)
Cash flows from operations 159,934 159,816
Advance from NX Gold PMPA 2,440 3,207
Derivative contract settlements 9,632 (11,983)
Provision settlements (3,344) (2,238)
Income taxes paid (5,563) (5,416)
Cash flows from operating activities 163,099 143,386
Cash Flows used in Investing Activities    
Additions to mineral properties, plant and equipment (447,174) (282,775)
Additions to exploration and evaluation assets (13,475) (13,044)
Proceeds from short-term investments and interest received 192,483 9,713
Purchase of short-term investments (40,000) (139,700)
Cash flows used in investing activities (308,166) (425,806)
Cash Flows used in Financing Activities    
Proceeds from equity offering, net of share issue costs 104,330 0
Lease liability payments (11,877) (7,426)
New loans and borrowings, net of transaction costs 14,889 401,495
Loans and borrowings repaid (7,786) (55,650)
Interest paid on loans and borrowings (27,461) (15,383)
Other finance expenses paid (5,502) (4,542)
Proceeds from exercise of stock options 11,158 8,805
Cash flows (used in)/from financing activities 77,751 327,299
Effect of exchange rate changes on cash and cash equivalents 1,352 2,694
Net (decrease) increase in cash and cash equivalents (65,964) 47,573
Cash and cash equivalents - beginning of year 177,702 130,129
Cash and cash equivalents - end of year $ 111,738 $ 177,702