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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net loss $ (5,753) $ (3,173)
Non-cash elements included in net loss:    
Depreciation, depletion and amortization 51,226 39,892
Inventory adjustments 7,671 4,521
Fair value adjustments, net 1,852 (3,181)
Provision for reclamation and closure costs 1,846 1,694
Stock-based compensation 1,164 1,190
Deferred income taxes (416) 558
Foreign exchange gain (3,982) (2,218)
Other non-cash items, net 519 186
Change in assets and liabilities:    
Accounts receivable (17,864) 15,477
Inventories (18,746) (9,239)
Other current and non-current assets 5,238 (9,856)
Accounts payable, accrued and other current liabilities (8,819) (9,304)
Accrued payroll and related benefits 5,498 4,705
Accrued taxes 2,085 2,226
Accrued reclamation and closure costs and other non-current liabilities (4,439) 7,125
Cash provided by operating activities 17,080 40,603
Investing activities:    
Additions to properties, plants, equipment and mineral interests (47,589) (54,443)
Proceeds from disposition of properties, plants and equipment 47 0
Net cash used in investing activities (47,542) (54,443)
Financing activities:    
Proceeds from sale of common stock, net 1,103 11,885
Acquisition of treasury stock (1,197) (482)
Borrowing of debt 27,000 13,000
Repayment of debt (15,000) (13,000)
Dividends paid to common and preferred stockholders (3,994) (3,891)
Repayments of finance leases (3,033) (2,464)
Net cash provided by financing activities 4,879 5,048
Effect of exchange rates on cash (624) 171
Net decrease in cash, cash equivalents and restricted cash and cash equivalents (26,207) (8,621)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 107,539 105,907
Cash, cash equivalents and restricted cash and cash equivalents at end of period 81,332 97,286
Supplemental disclosure of cash flow information:    
Cash paid for interest 18,706 18,621
Cash paid for income and mining taxes, net 127 1,634
Significant non-cash investing and financing activities:    
Addition of finance lease obligations and right-of-use assets 0 850
Common stock issued as incentive compensation 3,355 0
Common stock issued for 401-K match $ 1,251 $ 1,145