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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES    
Net income for the year $ 4,461,461 $ 1,895,581
Add (deduct) adjusting items:    
Amortization of property, plant and mine development (Note 9) 1,645,297 1,514,076
Deferred income and mining taxes (Note 25) 162,158 213,845
Unrealized (gain) loss on currency and commodity derivatives (Note 21) (127,585) 142,396
Unrealized gain on warrants (Note 21) (111,203) (20,383)
Stock-based compensation (Note 17) 97,545 77,404
Impairment reversal (Note 24) (229,000)  
Foreign currency translation (gain) loss (25,654) 9,383
Other 139,797 48,566
Changes in non-cash working capital balances:    
Income taxes 886,371 259,327
Inventories (160,744) (208,300)
Other current assets (43,969) 1,166
Accounts payable and accrued liabilities 122,639 27,831
Cash provided by operating activities 6,817,113 3,960,892
INVESTING ACTIVITIES    
Additions to property, plant and mine development (Note 9) (2,418,200) (1,817,949)
Purchase of O3 Mining, net of cash and cash equivalents acquired (Note 5) (121,960)  
Contributions for acquisition of mineral assets (14,972) (16,296)
Purchase of equity securities and other investments (447,494) (183,021)
Proceeds from sale of equity securities and other investments 402,720  
Other investing activities 1,611 10,152
Cash used in investing activities (2,598,295) (2,007,114)
FINANCING ACTIVITIES    
Proceeds from Credit Facility (Note 14)   600,000
Repayment of Credit Facility (Note 14)   (600,000)
Repayment of Term Loan Facility (Note 14)   (600,000)
Repayment of Senior Notes (Note 14) (950,000) (100,000)
Debt financing and extinguishment costs (Note 14) (8,245) (3,544)
Repayment of lease obligations (36,043) (47,319)
Dividends paid (728,077) (671,655)
Repurchase of common shares (Notes 16 and 17) (682,890) (169,357)
Proceeds from exercise of stock options (Note 17A) 75,749 198,532
Common shares issued (Note 16) 42,363 37,012
Cash used in financing activities (2,287,143) (1,356,331)
Effect of exchange rate changes on cash and cash equivalents 7,947 (9,664)
Net increase in cash and cash equivalents during the year 1,939,622 587,783
Cash and cash equivalents, beginning of year 926,431 338,648
Cash and cash equivalents, end of year 2,866,053 926,431
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 46,875 103,692
Income and mining taxes paid $ 1,177,927 $ 474,028