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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net income for the year $ 511,607 $ 473,166
Add (deduct) adjusting items:    
Amortization of property, plant and mine development (Note 8) 631,101 546,057
Deferred income and mining taxes (Note 24) 75,756 152,595
Unrealized gain on currency and commodity derivatives (Note 20) (30,079) (12,744)
Unrealized gain on warrants (Note 20) (82,003) (2,325)
Stock-based compensation (Note 16) 54,486 54,261
Impairment reversal (Note 23)   (345,821)
Foreign currency translation loss 22,480 4,850
Other 27,781 (2,746)
Changes in non-cash working capital balances:    
Trade receivables (3,547) 1,735
Income taxes 77,922 22,223
Inventories (82,949) (91,436)
Other current assets 198 (2,742)
Accounts payable and accrued liabilities (5,522) 84,844
Interest payable (5,177) (225)
Cash provided by operating activities 1,192,054 881,692
INVESTING ACTIVITIES    
Additions to property, plant and mine development (Note 8) (759,342) (882,664)
Proceeds from sale of property, plant and mine development (Note 8) 936 3,692
Net sales of short-term investments 2,069 75
Net proceeds from sale of equity securities and other investments (Note 7A) 8,759 43,733
Purchases of equity securities and other investments (Note 7B and 9) (45,234) (33,498)
Payments for financial assets at amortized cost (16,000) (5,222)
Cash used in investing activities (808,812) (873,884)
FINANCING ACTIVITIES    
Proceeds from Credit Facility (Note 13) 1,075,000 220,000
Repayment of Credit Facility (Note 13) (1,075,000) (220,000)
Proceeds from Senior Notes issuance (Note 13) 200,000  
Repayment of Senior Notes (Note 13) (360,000)  
Long-term debt financing costs (Note 13) (1,597)  
Repayment of lease obligations (15,870) (15,451)
Dividends paid (190,255) (105,408)
Repurchase of common shares for stock-based compensation plans (Notes 15 and 16C,D) (39,622) (24,669)
Proceeds on exercise of stock options (Note 16A) 90,656 140,627
Common shares issued (Note 15) 13,866 15,511
Cash (used in) provided by financing activities (302,822) 10,610
Effect of exchange rate changes on cash and cash equivalents 210 1,653
Net increase in cash and cash equivalents during the year 80,630 20,071
Cash and cash equivalents, beginning of year 321,897 301,826
Cash and cash equivalents, end of year 402,527 321,897
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 95,119 101,523
Income and mining taxes paid $ 110,851 $ 90,694