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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Sales $ 409,542 $ 245,085 $ 974,908 $ 680,270
Cost of sales and other direct production costs 180,451 144,855 476,745 406,780
Depreciation, depletion and amortization 48,624 40,944 124,168 143,614
Total cost of sales 229,075 185,799 600,913 550,394
Gross profit 180,467 59,286 373,995 129,876
Other operating expenses:        
General and administrative 13,872 10,401 38,411 36,357
Exploration and pre-development 9,554 10,553 22,864 21,577
Ramp-up and suspension costs 3,257 13,679 10,728 33,740
Provision for closed operations and environmental matters 1,268 1,542 2,902 3,681
Other operating expense (income), net 3,871 636 4,334 (33,618)
Total other operating expenses 31,822 36,811 79,239 61,737
Income from operations 148,645 22,475 294,756 68,139
Other income (expense):        
Interest expense (13,405) (10,901) (36,055) (36,050)
Fair value adjustments, net 17,625 3,654 30,867 6,804
Net foreign exchange gain (loss) 305 (3,246) (3,568) 3,409
Other income 2,433 1,229 4,886 3,921
Total other income (expense) 6,958 (9,264) (3,870) (21,916)
Income before income and mining taxes 155,603 13,211 290,886 46,223
Income and mining tax provision (54,877) (11,450) (103,583) (22,345)
Net Income (Loss) 100,726 1,761 187,303 23,878
Preferred stock dividends (138) (138) (414) (414)
Net income applicable to common stockholders 100,588 1,623 186,889 23,464
Comprehensive income:        
Net income 100,726 1,761 187,303 23,878
Change in fair value of derivative contracts designated as hedge transactions - inclusive of tax (4,397) 3,171 1,290 (8,720)
Comprehensive income $ 96,329 $ 4,932 $ 188,593 $ 15,158
Basic income per common share after preferred dividends $ 0.15 $ 0 $ 0.29 $ 0.04
Diluted income per common share after preferred dividends $ 0.15 $ 0 $ 0.29 $ 0.04
Weighted average number of common shares outstanding - basic 669,194 621,921 646,312 618,419
Weighted average number of common shares outstanding - diluted 671,938 625,739 649,533 621,792