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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sales $ 304,027 $ 245,657 $ 565,366 $ 435,185
Cost of sales and other direct production costs 147,344 140,464 296,294 261,925
Depreciation, depletion and amortization 37,159 53,763 75,544 102,670
Total cost of sales 184,503 194,227 371,838 364,595
Gross profit 119,524 51,430 193,528 70,590
Other operating expenses:        
General and administrative 12,540 14,740 24,539 25,956
Exploration and pre-development 8,809 6,682 13,310 11,024
Ramp-up and suspension costs 4,165 5,538 7,471 20,061
Provision for closed operations and environmental matters 844 1,153 1,634 2,139
Other operating (income) expense, net (590) (17,283) 463 (34,254)
Total other operating expenses 25,768 10,830 47,417 24,926
Income from operations 93,756 40,600 146,111 45,664
Other expense:        
Interest expense (11,099) (12,505) (22,650) (25,149)
Fair value adjustments, net 9,615 5,002 13,242 3,150
Net foreign exchange (loss) gain (3,517) 2,673 (3,873) 6,655
Other income 1,511 1,180 2,453 2,692
Total other expense (3,490) (3,650) (10,828) (12,652)
Income before income and mining taxes 90,266 36,950 135,283 33,012
Income and mining tax provision (32,561) (9,080) (48,706) (10,895)
Net Income (Loss) 57,705 27,870 86,577 22,117
Preferred stock dividends (138) (138) (276) (276)
Net income applicable to common stockholders 57,567 27,732 86,301 21,841
Comprehensive income:        
Net income (loss) 57,705 27,870 86,577 22,117
Change in fair value of derivative contracts designated as hedge transactions 3,253 (6,488) 5,687 (11,891)
Comprehensive income $ 60,958 $ 21,382 $ 92,264 $ 10,226
Basic income per common share after preferred dividends $ 0.09 $ 0.04 $ 0.14 $ 0.04
Diluted income per common share after preferred dividends $ 0.09 $ 0.04 $ 0.14 $ 0.04
Weighted average number of common shares outstanding - basic 636,928 617,106 634,339 616,649
Weighted average number of common shares outstanding - diluted 639,739 622,206 636,991 620,359