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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Sales of products $ 134,172 $ 147,259 $ 286,789 $ 286,968
Cost of sales and other direct production costs 104,938 80,440 215,324 153,309
Depreciation, depletion and amortization 49,477 31,817 88,264 59,871
Total cost of sales 154,415 112,257 303,588 213,180
Gross (loss) profit (20,243) 35,002 (16,799) 73,788
Other operating expenses:        
General and administrative 8,918 9,787 18,877 17,522
Exploration 4,346 7,838 8,748 15,198
Pre-development 798 1,415 1,654 2,420
Research and development 158 2,337 561 3,773
Other operating expense 657 674 1,244 1,319
Loss (gain) on disposition or impairment of properties, plants, equipment and mineral interests 4,642 (36) 4,642 (166)
Provision for closed operations and environmental matters 1,052 1,420 1,622 2,682
Suspension-related costs 2,266 6,801 5,044 11,818
Acquisition costs 397 1,010 410 3,517
Total other operating expenses 23,234 31,246 42,802 58,083
(Loss) income from operations (43,477) 3,756 (59,601) 15,705
Other income (expense):        
Unrealized loss on investments (1,129) (564) (1,033) (254)
Gain on derivative contracts 3,798 16,804 1,999 20,811
Net foreign exchange gain (loss) (4,381) 2,476 (7,514) 5,068
Other (expense) income (1,187) 108 (2,311) 52
Interest expense (11,335) (10,079) (22,000) (19,873)
Total other (expense) income (14,234) 8,745 (30,859) 5,804
(Loss) income before income taxes (57,711) 12,501 (90,460) 21,509
Income tax benefit (provision) 11,179 (427) 18,395 (1,195)
Net income (loss) (46,532) 12,074 (72,065) 20,314
Preferred stock dividends (138) (138) (276) (276)
(Loss) income applicable to common shareholders (46,670) 11,936 (72,341) 20,038
Comprehensive (loss) income:        
Net (loss) income (46,532) 12,074 (72,065) 20,314
Change in fair value of derivative contracts designated as hedge transactions 3,540 (5,203) 7,799 (7,276)
Unrealized holding (losses) gains on investments 0 41 0 10
Comprehensive (loss) income $ (42,992) $ 6,912 $ (64,266) $ 13,048
Basic (loss) income per common share after preferred dividends (in dollars per share) $ (0.10) $ 0.03 $ (0.15) $ 0.05
Diluted (loss) income per common share after preferred dividends (in dollars per share) $ (0.10) $ 0.03 $ (0.15) $ 0.05
Weighted average number of common shares outstanding - basic (in shares) 486,065 400,619 484,438 399,972
Weighted average number of common shares outstanding - diluted (in shares) 486,065 403,610 484,438 402,873
Cash dividends declared per common share (in dollars per share) $ 0.0025 $ 0.0025 $ 0.0050 $ 0.0050