XML 14 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Sales $ 333,851 $ 218,992 $ 745,284 $ 424,326
COSTS AND EXPENSES        
Costs applicable to sales 117,283 102,400 241,693 209,237
Depreciation, depletion and amortization 36,772 31,313 70,540 61,129
General and administrative 15,173 12,540 30,926 24,539
Exploration and pre-development 11,681 8,737 16,297 13,050
Care and maintenance 3,062 4,165 6,308 7,471
Provision for closed operations and environmental matters 1,329 844 2,626 1,634
Other operating expense, net 2,853 1,026 8,089 1,894
Total costs and expenses 188,153 161,025 376,479 318,954
Income from operations 145,698 57,967 368,805 105,372
Other expense:        
Interest expense (2,413) (10,948) (8,069) (22,340)
Fair value adjustments, net (9,246) 4,450 (15,191) 7,838
Net foreign exchange loss (4,445) (3,793) (3,947) (4,160)
Other income 7,049 1,345 10,598 2,287
Total other expense (9,055) (8,946) (16,609) (16,375)
Income before income and mining taxes 136,643 49,021 352,196 88,997
Income and mining tax provision (18,767) (22,111) (69,667) (37,748)
Income from continuing operations 117,876 26,910 282,529 51,249
Income (loss) from discontinued operations, net of taxes 0 30,795 (183,681) 35,328
Net income 117,876 57,705 98,848 86,577
Preferred stock dividends (132) (138) (264) (276)
Net income applicable to common stockholders 117,744 57,567 98,584 86,301
Comprehensive income:        
Income from continuing operations 117,876 26,910 282,529 51,249
Change in fair value of derivative contracts designated as hedge transactions and other (8,144) 3,253 (10,301) 5,687
Comprehensive income from continuing operations 109,732 30,163 272,228 56,936
Comprehensive income (loss) from discontinued operations 0 30,795 (183,681) 35,328
Comprehensive income $ 109,732 $ 60,958 $ 88,547 $ 92,264
Basic:        
Continuing operations $ 0.18 $ 0.04 $ 0.42 $ 0.08
Discontinued operations 0 0.05 (0.27) 0.06
Basic income per common share after preferred dividends 0.18 0.09 0.15 0.14
Diluted income (loss) per share:        
Continuing operations 0.17 0.04 0.42 0.08
Discontinued operations 0 0.05 (0.27) 0.06
Diluted income per common share after preferred dividends $ 0.17 $ 0.09 $ 0.15 $ 0.14
Weighted average number of common shares outstanding - basic 670,763 636,928 670,579 634,339
Weighted average number of common shares outstanding - diluted 675,886 639,739 675,865 636,991