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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net income for the year $ 1,895,581 $ 1,941,307
Add (deduct) adjusting items:    
Amortization of property, plant and mine development (Note 9) 1,514,076 1,491,771
Deferred income and mining taxes (Note 25) 213,845 52,041
Unrealized loss (gain) on currency and commodity derivatives (Note 21) 142,396 (112,904)
Unrealized (gain) loss on warrants (Note 21) (20,383) 11,198
Stock-based compensation (Note 17) 77,404 71,553
Impairment loss (Note 24)   787,000
Foreign currency translation loss (gain) 9,383 (328)
Revaluation gain (Note 5)   (1,543,414)
Other 48,566 49,734
Changes in non-cash working capital balances:    
Income taxes 259,327 103,850
Inventories (208,300) (169,168)
Other current assets 1,166 (80,931)
Accounts payable and accrued liabilities 36,726 2,778
Interest payable (8,895) (2,925)
Cash provided by operating activities 3,960,892 2,601,562
INVESTING ACTIVITIES    
Additions to property, plant and mine development (Note 9) (1,817,949) (1,654,129)
Yamana Transaction, net of cash and cash equivalents (Note 5)   (1,000,617)
Contributions for acquisition of mineral assets (Note 5) (16,296) (10,950)
Purchase of equity securities and other investments (183,021) (104,738)
Other investing activities 10,152 9,651
Cash used in investing activities (2,007,114) (2,760,783)
FINANCING ACTIVITIES    
Proceeds from Credit Facility (Note 14) 600,000 1,300,000
Repayment of Credit Facility (Note 14) (600,000) (1,300,000)
Proceeds from Term Loan Facility, net of financing costs (Note 14)   598,958
Repayment of Term Loan Facility (Note 14) (600,000)  
Repayment of Senior Notes (Note 14) (100,000) (100,000)
Long-term debt financing costs (3,544)  
Repayment of lease obligations (47,319) (47,589)
Dividends paid (671,655) (638,642)
Repurchase of common shares (Notes 16 and 17) (169,357) (47,003)
Proceeds on exercise of stock options (Note 17A) 198,532 40,377
Common shares issued (Note 16) 37,012 29,941
Cash used in financing activities (1,356,331) (163,958)
Effect of exchange rate changes on cash and cash equivalents (9,664) 3,202
Net increase (decrease) in cash and cash equivalents during the year 587,783 (319,977)
Cash and cash equivalents, beginning of year 338,648 658,625
Cash and cash equivalents, end of year 926,431 338,648
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 103,692 104,845
Income and mining taxes paid $ 474,028 $ 290,525