XML 22 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income (loss) $ 23,498 $ (14,115)
Non-cash elements included in net income (loss):    
Depreciation, depletion and amortization 56,968 52,966
(Gain) loss on investments (439) 3,043
(Gain) loss on disposition of properties, plants, equipment, and mineral interests (311) 190
Provision for reclamation and closure costs 2,005 10,256
Stock compensation 3,467 2,261
Deferred income taxes 10,652 (705)
Amortization of loan origination fees 926 910
Loss on derivative contracts 5,419 7,812
Foreign exchange loss (gain) 9,721 (9,672)
Other non-cash charges, net 17 25
Change in assets and liabilities, net of business acquired:    
Accounts receivable (15,910) 2,469
Inventories (5,802) (3,417)
Other current and non-current assets 268 (3,904)
Accounts payable and accrued liabilities (3,820) (4,210)
Accrued payroll and related benefits 3,135 803
Accrued taxes (4,591) (1,938)
Accrued reclamation and closure costs and other non-current liabilities 935 9,399
Cash provided by operating activities 86,138 52,173
Investing activities:    
Additions to properties, plants, equipment and mineral interests (76,960) (58,272)
Acquisition of Revett, net of cash acquired (809)
Proceeds from disposition of properties, plants and equipment 317 153
Purchases of investments (16,088) (947)
Maturities of investments 840
Changes in restricted cash and investment balances (3,900)
Net cash used in investing activities (95,791) (59,875)
Financing activities:    
Proceeds from sale of common stock, net of offering costs 8,121
Acquisition of treasury shares (3,384) (941)
Dividends paid to common shareholders (1,914) (1,850)
Dividends paid to preferred shareholders (276) (276)
Credit availability and debt issuance fees paid (83) (123)
Repayments of debt (1,339)
Repayments of capital leases (4,356) (4,940)
Net cash used in financing activities (3,231) (8,130)
Effect of exchange rates on cash 1,288 (2,259)
Net decrease in cash and cash equivalents (11,596) (18,091)
Cash and cash equivalents at beginning of period 155,209 209,665
Cash and cash equivalents at end of period 143,613 191,574
Significant non-cash investing and financing activities:    
Addition of capital lease obligations 1,631 2,369
Common stock issued for the acquisition of Revett 19,133
Payment of accrued compensation in stock $ 5,511 $ 3,016