Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative instruments, future settlement

At December 31, 2021, the Company had the following derivative instruments that settle as follows:

In thousands except average prices and notional ounces	2022		2023 and Thereafter
Provisional gold sales contracts	$	29,481	$	—
Average gold price per ounce	$	1,798	$	—
Notional ounces	16,393		—

At December 31, 2021, the Company had the following derivative cash flow hedge instruments that settle as follows:

In thousands except average prices and notional ounces	2022		2023 and Thereafter
Gold put options
Average gold strike price per ounce	$	1,630	$	—
Notional ounces	132,000		—
Gold call options
Average gold strike price per ounce	$	2,038	$	—
Notional ounces	132,000		—

Fair value of the derivative instruments

The following summarizes the classification of the fair value of the derivative instruments:

	December 31, 2021
In thousands	Prepaid expenses and other		Accrued liabilities and other
Provisional metal sales contracts	$	86	$	162

	December 31, 2020
In thousands	Prepaid expenses and other		Accrued liabilities and other
Provisional metal sales contracts	$	481	$	67

The following summarizes the classification of the fair value of the derivative instruments designated as cash flow hedges:

	December 31, 2021
In thousands	Prepaid expenses and other		Accrued liabilities and other
Gold zero cost collars	$	—	$	1,212

	December 31, 2020
In thousands	Prepaid expenses and other		Accrued liabilities and other
Gold zero cost collars	$	—	$	24,883
Foreign currency forward exchange contracts	13,747		—
	$	13,747	$	24,883

    The following table sets forth the pre-tax gains (losses) on derivatives designated as cash flow hedges that have been included in AOCI and the Consolidated Statement of Comprehensive Income (Loss) for the year ended December 31, 2021, 2020, and 2019, respectively (in thousands).

	Year Ended December 31,
	2021		2020		2019
Amount of Gain (Loss) Recognized in AOCI
Gold zero cost collars	$	22,733	$	(32,345)	$	(136)
Foreign currency forward exchange contracts	50		19,911		—
	$	22,783	$	(12,434)	$	(136)
Amount of (Gain) Loss Reclassified From AOCI to Earnings
Gold zero cost collars	$	938	$	7,598	$	—
Foreign currency forward exchange contracts	(13,797)		(6,164)		—
	$	(12,859)	$	1,434	$	—

Gain losses on derivative instruments

The following represent mark-to-market gains (losses) on derivative instruments in the year ended December 31, 2021, 2020, and 2019, respectively (in thousands):

		Year Ended December 31,
Financial statement line	Derivative	2021		2020		2019
Revenue	Provisional metal sales contracts	$	(490)	$	959	$	337
Fair value adjustments, net	Exchange agreement embedded derivative	9,933		—		—
Fair value adjustments, net	Interest rate swaps	—		—		(178)
		$	9,443	$	959	$	159