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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income (loss) $ 23,878 $ (41,282)
Non-cash elements included in net income (loss):    
Depreciation, depletion and amortization 149,265 111,705
Inventory adjustments 10,074 16,332
Fair value adjustments, net (6,804) 5,774
Provision for reclamation and closure costs 5,428 7,805
Stock-based compensation 6,401 5,122
Deferred income taxes 14,261 795
Writedown of property, plant and equipment 14,464 0
Net foreign exchange gain (3,409) (434)
Other non-cash items, net 145 1,624
Change in assets and liabilities:    
Accounts receivable (24,199) 25,020
Inventories (27,375) (24,339)
Other current and non-current assets 353 (15,045)
Accounts payable, accrued and other current liabilities (6,991) (2,389)
Accrued payroll and related benefits 6,592 (11,244)
Accrued taxes 1,069 (1,008)
Accrued reclamation and closure costs and other non-current liabilities (12,345) (3,821)
Net cash provided by operating activities 150,807 74,615
Investing activities:    
Additions to property, plant and mine development (153,708) (161,265)
Proceeds from disposition of assets 1,473 160
Purchases of investments (73) (1,753)
Net cash used in investing activities (152,308) (162,858)
Financing activities:    
Proceeds from sale of common stock, net 58,368 25,888
Acquisition of treasury stock (1,197) (2,036)
Borrowing of debt 150,000 119,000
Repayment of debt (265,000) (39,000)
Dividends paid to common and preferred stockholders (16,691) (11,755)
Repayments of finance leases (7,841) (7,990)
Net cash (used in) provided by financing activities (82,361) 84,107
Effect of exchange rates on cash (220) 77
Net decrease in cash, cash equivalents and restricted cash and cash equivalents (84,082) (4,059)
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 23,457 101,848
Supplemental disclosure of cash flow information:    
Cash paid for interest 44,424 37,514
Cash paid for income and mining taxes, net 5,730 7,385
Significant non-cash investing and financing activities:    
Addition of finance lease obligations and right-of-use assets 0 16,092
Common stock issued to ATAC Resources Ltd. shareholders 0 18,789
Common stock issued as incentive compensation 4,425 0
Common stock issued to directors 770 676
Common stock issued to interim CEO 182 0
Common stock issued for 401-K match $ 3,714 $ 3,713