XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Sales $ 261,339 $ 189,528
Cost of sales and other direct production costs 148,950 121,461
Depreciation, depletion and amortization 38,385 48,907
Total cost of sales 187,335 170,368
Gross profit 74,004 19,160
Other operating expenses:    
General and administrative 11,999 11,216
Exploration and pre-development 4,501 4,342
Ramp-up and suspension costs 3,306 14,523
Provision for closed operations and environmental matters 790 986
Other operating expense (income), net 1,053 (16,971)
Total other operating expenses 21,649 14,096
Income from operations 52,355 5,064
Other expense:    
Interest expense (11,551) (12,644)
Fair value adjustments, net 3,627 (1,852)
Net foreign exchange gain (loss) (356) 3,982
Other income 942 1,512
Total other expense (7,338) (9,002)
Income (loss) before income and mining taxes 45,017 (3,938)
Income and mining tax provision (16,145) (1,815)
Net Income (Loss) 28,872 (5,753)
Preferred stock dividends (138) (138)
Net income (loss) applicable to common stockholders 28,734 (5,891)
Comprehensive income (loss):    
Net income (loss) 28,872 (5,753)
Change in fair value of derivative contracts designated as hedge transactions 2,434 (5,403)
Comprehensive income (loss) $ 31,306 $ (11,156)
Basic income (loss) per common share after preferred dividends $ 0.05 $ (0.01)
Diluted income (loss) per common share after preferred dividends $ 0.05 $ (0.01)
Weighted average number of common shares outstanding - basic 632,047 616,199
Weighted average number of common shares outstanding - diluted 634,708 616,199