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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Sales $ 146,339 $ 193,560 $ 524,080 $ 622,395
Cost of sales and other direct production costs 104,900 112,542 326,579 318,917
Depreciation, depletion and amortization 32,992 45,790 106,362 138,918
Total cost of sales 137,892 158,332 432,941 457,835
Gross profit 8,447 35,228 91,139 164,560
Other operating expenses:        
General and administrative 11,003 8,874 28,989 27,985
Exploration and pre-development 15,128 17,108 39,136 35,039
Care and maintenance costs 5,092 6,910 16,539 17,014
Provision for closed operations and environmental matters 1,781 7,564 4,154 12,297
Other operating expense 902 3,344 5,310 10,626
Total other operating expenses 33,906 43,800 94,128 102,961
(Loss) income from operations (25,459) (8,572) (2,989) 61,599
Other income (expense):        
Interest expense (10,874) (10,469) (31,785) (31,484)
Fair value adjustments, net (4,240) 9,287 (14,703) (10,651)
Net foreign exchange gain 5,667 3,995 8,111 24
Other income (expense) 1,853 247 4,828 (192)
Total other (expense) income (7,594) 3,060 (33,549) (42,303)
(Loss) income before income and mining taxes (33,053) (5,512) (36,538) 19,296
Income and mining tax benefit 9,527 4,533 3,642 3,924
Net (loss) income (23,526) (979) (32,896) 23,220
Preferred stock dividends (138) (138) (414) (414)
(Loss) income applicable to common stockholders (23,664) (1,117) (33,310) 22,806
Comprehensive income (loss):        
Net (loss) income (23,526) (979) (32,896) 23,220
Change in fair value of derivative contracts designated as hedge transactions (12,692) (6,267) 19,491 (2,815)
Comprehensive (loss) income $ (36,218) $ (7,246) $ (13,405) $ 20,405
Basic (loss) income per common share after preferred dividends (in dollars per share) $ (0.04) $ 0 $ (0.06) $ 0.04
Diluted (loss) income per common share after preferred dividends (in dollars per share) $ (0.04) $ 0 $ (0.06) $ 0.04
Weighted average number of common shares outstanding – basic (in shares) 554,531 536,966 544,000 535,542
Weighted average number of common shares outstanding – diluted (in shares) 554,531 536,966 544,000 541,769
Cash dividends declared per common share (in dollars per share) $ 0.00625 $ 0.01 $ 0.0125 $ 0.02