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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Sales $ 178,131 $ 191,242 $ 377,631 $ 377,741
Cost of sales and other direct production costs 107,754 115,907 233,304 221,679
Depreciation, depletion and amortization 32,718 38,072 71,720 73,370
Total cost of sales 140,472 153,979 305,024 295,049
Gross profit 37,659 37,263 72,607 82,692
Other operating expenses:        
General and administrative 10,783 9,692 22,853 17,986
Exploration and pre-development 6,893 11,200 11,860 24,008
Ramp-up and suspension costs 16,323 5,242 27,659 11,447
Provision for closed operations and environmental matters 3,111 1,472 4,155 2,373
Other operating (income) expense (4,262) 1,945 (4,284) 4,408
Total other operating expenses 32,848 29,551 62,243 60,222
Income from operations 4,811 7,712 10,364 22,470
Other income (expense):        
Interest expense (10,311) (10,505) (20,476) (20,911)
Fair value adjustments, net (2,558) (16,428) 623 (10,463)
Net foreign exchange gain (loss) (3,850) 4,482 (3,742) 2,444
Other income 1,376 1,470 2,768 2,975
Total other expense (15,343) (20,981) (20,827) (25,955)
Income before income and mining taxes (10,532) (13,269) (10,463) (3,485)
Income and mining tax expense (5,162) (254) (8,404) (5,885)
Net (loss) income (15,694) (13,523) (18,867) (9,370)
Preferred stock dividends (138) (138) (276) (276)
Net (loss) income applicable to common stockholders (15,832) (13,661) (19,143) (9,646)
Comprehensive income (loss):        
Net Income (Loss) (15,694) (13,523) (18,867) (9,370)
Change in fair value of derivative contracts designated as hedge transactions 5,232 65,348 11,748 32,183
Comprehensive income (loss) $ (10,462) $ 51,825 $ (7,119) $ 22,813
Basic (loss) income per common share after preferred dividends $ (0.03) $ (0.03) $ (0.03) $ (0.02)
Diluted (loss) income per common share after preferred dividends $ (0.03) $ (0.03) $ (0.03) $ (0.02)
Weighted average number of common shares outstanding - basic 604,088,000 539,401,000 602,077,000 538,943,000
Weighted average number of common shares outstanding - diluted 604,088,000 539,401,000 602,077,000 538,943,000
Cash dividends declared per common share $ 0.00625 $ 0.00625 $ 0.0125 $ 0.0125