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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Sales $ 245,085 $ 181,906 $ 680,270 $ 559,537
Cost of sales and other direct production costs 144,855 112,212 406,780 345,516
Depreciation, depletion and amortization 40,944 36,217 143,614 107,937
Total cost of sales 185,799 148,429 550,394 453,453
Gross profit 59,286 33,477 129,876 106,084
Other operating expenses:        
General and administrative 10,401 7,596 36,357 30,449
Exploration and pre-development 10,553 13,686 21,577 25,546
Ramp-up and suspension costs 13,679 21,025 33,740 48,684
Provision for closed operations and environmental matters 1,542 2,256 3,681 6,411
Writedown of property, plant and equipment 14,464 0 14,464 0
Other operating (income) expense, net (13,828) 1,555 (48,082) (2,729)
Total other operating expenses 36,811 46,118 61,737 108,361
Income (loss) from operations 22,475 (12,641) 68,139 (2,277)
Other expense:        
Interest expense (10,901) (10,710) (36,050) (31,186)
Fair value adjustments, net 3,654 (6,397) 6,804 (5,774)
Net foreign exchange gain (loss) (3,246) 4,176 3,409 434
Other income 1,229 1,657 3,921 4,425
Total other expense (9,264) (11,274) (21,916) (32,101)
Income (loss) before income and mining taxes 13,211 (23,915) 46,223 (34,378)
Income and mining tax (provision) benefit (11,450) 1,500 (22,345) (6,904)
Net Income (Loss) 1,761 (22,415) 23,878 (41,282)
Preferred stock dividends (138) (138) (414) (414)
Net income (loss) applicable to common stockholders 1,623 (22,553) 23,464 (41,696)
Comprehensive income (loss):        
Net income (loss) 1,761 (22,415) 23,878 (41,282)
Change in fair value of derivative contracts designated as hedge transactions 3,171 (11,384) (8,720) 364
Comprehensive income (loss) $ 4,932 $ (33,799) $ 15,158 $ (40,918)
Basic income (loss) per common share after preferred dividends $ 0 $ (0.04) $ 0.04 $ (0.07)
Diluted income (loss) per common share after preferred dividends $ 0 $ (0.04) $ 0.04 $ (0.07)
Weighted average number of common shares outstanding - basic 621,921 607,896 618,419 604,028
Weighted average number of common shares outstanding - diluted 625,739 607,896 621,792 604,028