XML 71 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net loss $ (91,581) $ (2,870)
Non-cash elements included in net loss:    
Depreciation, depletion and amortization 143,040 108,814
Gain on disposition of investments (927) 0
Unrealized loss on investments 1,159 2,461
Adjustment of inventory to market value 1,399 7,232
Loss (gain) on disposition of properties, plants, equipment, and mineral interests 4,666 (3,374)
Provision for reclamation and closure costs 5,298 3,957
Stock compensation 4,758 4,672
Deferred income taxes (26,616) (4,637)
Amortization of loan origination fees 1,919 1,471
Loss (gain) on derivative contracts 5,824 (15,208)
Foreign exchange loss (gain) 6,263 (2,032)
Other non-cash items, net 0 (37)
Change in assets and liabilities, net of business acquisitions:    
Accounts receivable (10,215) (4,424)
Inventories (6,501) (18,954)
Other current and non-current assets 14,913 (5,569)
Accounts payable and accrued liabilities 5,616 12,308
Accrued payroll and related benefits 4,506 (4,207)
Accrued taxes (5,733) 845
Accrued reclamation and closure costs and other non-current liabilities 5,821 (5,238)
Cash provided by operating activities 63,609 75,210
Investing activities:    
Additions to properties, plants, equipment and mineral interests (97,338) (83,285)
Acquisition of Klondex, net of cash and restricted cash acquired 0 (139,326)
Proceeds from sale of investments 1,760 0
Proceeds from disposition of properties, plants, equipment and mineral interests 86 722
Insurance proceeds received for damaged property 0 4,377
Purchases of investments (389) (31,971)
Maturities of investments 0 64,895
Net cash used in investing activities (95,881) (184,588)
Financing activities:    
Proceeds from sale of common stock, net of offering costs 0 3,085
Acquisition of treasury shares (2,239) (2,694)
Dividends paid to common shareholders (3,655) (3,193)
Dividends paid to preferred shareholders (414) (414)
Credit availability and debt issuance fees (587) (2,460)
Borrowings on debt 245,000 78,024
Repayments of debt (195,000) (82,036)
Repayments of finance leases (5,484) (5,992)
Net cash provided by (used in) financing activities 37,621 (15,680)
Effect of exchange rates on cash 257 (215)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 5,606 (125,273)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 28,414 187,139
Cash, cash equivalents and restricted cash and cash equivalents at end of period 34,020 61,866
Significant non-cash investing and financing activities:    
Addition of finance lease obligations 6,506 7,008
Recognition of operating lease liabilities and right-of-use assets 22,365 0
Common stock issued for the acquisition of other companies 0 252,544
Payment of accrued compensation in stock 8,274 4,863
Marketable equity securities received for sale of mineral interest $ 2,257 $ 0