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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net income for the year $ 1,941,307 $ 670,249
Add (deduct) adjusting items:    
Amortization of property, plant and mine development (Note 9) 1,491,771 1,094,691
Revaluation gain (Note 5) (1,543,414)  
Deferred income and mining taxes (Note 25) 52,041 168,098
Unrealized (gain) loss on currency and commodity derivatives (Note 21) (112,904) 59,556
Unrealized loss on warrants (Note 21) 11,198 9,820
Stock-based compensation (Note 17) 71,553 48,570
Impairment loss (Note 24) 787,000 55,000
Foreign currency translation gain (328) (16,081)
Other 49,734 25,965
Changes in non-cash working capital balances:    
Trade receivables 7,458 12,110
Income taxes 103,850 (35,010)
Inventories (169,168) (46,236)
Other current assets (88,389) (10,756)
Accounts payable and accrued liabilities 2,778 59,460
Interest payable (2,925) 1,200
Cash provided by operating activities 2,601,562 2,096,636
INVESTING ACTIVITIES    
Additions to property, plant and mine development (Note 9) (1,654,129) (1,538,237)
Yamana Transaction, net of cash and cash equivalents (Note 5) (1,000,617)  
Contributions for acquisition of mineral assets (Note 5) (10,950)  
Cash and cash equivalents acquired in Kirkland acquisition (Note 5)   838,732
Purchases of equity securities and other investments (104,738) (47,364)
Proceeds from loan repayment   40,000
Other investing activities 9,651 (3,589)
Cash used in investing activities (2,760,783) (710,458)
FINANCING ACTIVITIES    
Proceeds from Credit Facility (Note 14) 1,300,000 100,000
Repayment of Credit Facility (Note 14) (1,300,000) (100,000)
Proceeds from Term Loan Facility, net of financing costs (Note 14) 598,958  
Repayment of Senior Notes (Note 14) (100,000) (225,000)
Repayment of lease obligations (47,589) (33,701)
Dividends paid (638,642) (608,307)
Repurchase of common shares (Notes 16 and 17) (47,003) (109,955)
Proceeds on exercise of stock options (Note 17A) 40,377 41,845
Common shares issued (Note 16) 29,941 20,265
Cash used in financing activities (163,958) (914,853)
Effect of exchange rate changes on cash and cash equivalents 3,202 1,514
Net (decrease) increase in cash and cash equivalents during the year (319,977) 472,839
Cash and cash equivalents, beginning of year 658,625 185,786
Cash and cash equivalents, end of year 338,648 658,625
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 104,845 67,510
Income and mining taxes paid $ 290,525 $ 316,743