XML 17 R3.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net Income (Loss) $ 187,303 $ 23,878
Non-cash elements included in net income:    
Depreciation, depletion and amortization 126,463 149,265
Inventory adjustments 2,421 10,074
Fair value adjustments, net (30,867) (6,804)
Provision for reclamation and closure costs 5,801 5,428
Stock-based compensation 7,562 6,401
Deferred income taxes 84,011 14,261
Net foreign exchange loss (gain) 3,568 (3,409)
Other non-cash items, net 2,980 14,609
Change in assets and liabilities:    
Accounts receivable (71,427) (24,199)
Inventories (9,048) (27,375)
Other current and non-current assets 21,693 353
Accounts payable, accrued and other current liabilities (4,336) (6,991)
Accrued payroll and related benefits 11,201 6,592
Accrued taxes 11,630 1,069
Accrued reclamation and closure costs and other non-current liabilities (3,372) (12,345)
Net cash provided by operating activities 345,583 150,807
Investing activities:    
Additions to property, plants, equipment and mine development (170,043) (153,708)
Proceeds from investment sales 3,696 0
Proceeds from disposition of assets 714 1,473
Investment purchases 0 (73)
Net cash used in investing activities (165,633) (152,308)
Financing activities:    
Proceeds from sale of common stock, net 216,225 58,368
Acquisition of treasury stock (885) (1,197)
Borrowing of debt 153,000 150,000
Repayment of debt (427,245) (265,000)
Dividends paid to common and preferred stockholders (7,676) (16,691)
Repayments of finance leases and other (6,643) (7,841)
Net cash used in financing activities (73,224) (82,361)
Effect of exchange rates on cash 311 (220)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 107,037 (84,082)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 28,045 107,539
Cash, cash equivalents and restricted cash and cash equivalents at end of period 135,082 23,457
Reconciliation of cash and cash equivalents and restricted cash and cash equivalents above    
Cash and cash equivalents 133,910 22,273
Non-current restricted cash and cash equivalents 1,172 1,184
Total cash and cash equivalents and restricted cash and cash equivalents as reported on the consolidated cash flow statement 135,082 23,457
Supplemental disclosure of cash flow information:    
Cash paid for interest 43,238 44,424
Cash paid for income and mining taxes, net 7,419 5,730
Significant non-cash investing and financing activities:    
Addition of finance lease obligations and right-of-use assets 630 0
Common stock issued as incentive compensation 2,503 4,425
Common stock issued to directors 1,034 770
Common stock issued to interim CEO 0 182
Common stock issued for 401(k) match $ 3,808 $ 3,714