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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Sales $ 181,906 $ 146,339 $ 559,537 $ 524,080
Cost of sales and other direct production costs 112,212 104,900 345,516 326,579
Depreciation, depletion and amortization 36,217 32,992 107,937 106,362
Total cost of sales 148,429 137,892 453,453 432,941
Gross profit 33,477 8,447 106,084 91,139
Other operating expenses:        
General and administrative 7,596 11,003 30,449 28,989
Exploration and pre-development 13,686 15,128 25,546 39,136
Ramp-up and suspension costs 21,025 5,092 48,684 16,539
Provision for closed operations and environmental matters 2,256 1,781 6,411 4,154
Other operating (income) expense, net 1,555 902 (2,729) 5,310
Total other operating expenses 46,118 33,906 108,361 94,128
Loss from operations (12,641) (25,459) (2,277) (2,989)
Other income (expense):        
Interest expense (10,710) (10,874) (31,186) (31,785)
Fair value adjustments, net (6,397) (4,240) (5,774) (14,703)
Net foreign exchange gain 4,176 5,667 434 8,111
Other income 1,657 1,853 4,425 4,828
Total other expense (11,274) (7,594) (32,101) (33,549)
Loss before income and mining taxes (23,915) (33,053) (34,378) (36,538)
Income and mining tax benefit (expense) 1,500 9,527 (6,904) 3,642
Net loss (22,415) (23,526) (41,282) (32,896)
Preferred stock dividends (138) (138) (414) (414)
Net loss applicable to common stockholders (22,553) (23,664) (41,696) (33,310)
Comprehensive income (loss):        
Net Income (Loss) (22,415) (23,526) (41,282) (32,896)
Change in fair value of derivative contracts designated as hedge transactions (11,384) (12,692) 364 19,491
Comprehensive loss $ (33,799) $ (36,218) $ (40,918) $ (13,405)
Basic loss per common share after preferred dividends $ (0.04) $ (0.04) $ (0.07) $ (0.06)
Diluted loss per common share after preferred dividends $ (0.04) $ (0.04) $ (0.07) $ (0.06)
Weighted average number of common shares outstanding - basic 607,896,000 554,531,000 604,028,000 544,000,000
Weighted average number of common shares outstanding - diluted 607,896,000 554,531,000 604,028,000 544,000,000
Cash dividends declared per common share $ 0.00625 $ 0.00625 $ 0.0125 $ 0.0125