XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Sales of products $ 166,355 $ 134,172 $ 303,280 $ 286,789
Cost of sales and other direct production costs 92,853 104,938 178,740 215,324
Depreciation, depletion and amortization 39,423 49,477 79,089 88,264
Total cost of sales 132,276 154,415 257,829 303,588
Gross profit (loss) 34,079 (20,243) 45,451 (16,799)
Other operating expenses:        
General and administrative 6,979 8,918 15,918 18,877
Exploration 1,962 4,346 4,492 8,748
Pre-development 563 798 1,098 1,654
Research and development 0 158 0 561
Other operating expense 1,439 657 2,354 1,244
Loss on disposition or impairment of properties, plants, equipment and mineral interests 677 4,642 573 4,642
Provision for closed operations and environmental matters 1,037 1,052 1,553 1,622
Ramp-up and suspension costs 9,572 2,266 22,568 5,044
Foundation grant 1,970 0 1,970 0
Acquisition costs 6 397 11 410
Total other operating expenses 24,205 23,234 50,537 42,802
Income (loss) from operations 9,874 (43,477) (5,086) (59,601)
Other income (expense):        
Unrealized gain (loss) on investments 6,409 (1,129) 5,431 (1,033)
(Loss) gain on derivative contracts (14,002) 3,798 (6,109) 1,999
Net foreign exchange (loss) gain (3,205) (4,381) 3,431 (7,514)
Other expense (649) (1,187) (1,176) (2,311)
Interest expense (11,829) (11,335) (28,140) (22,000)
Total other expense (23,276) (14,234) (26,563) (30,859)
Loss before income taxes (13,402) (57,711) (31,649) (90,460)
Income tax (provision) benefit (626) 11,179 436 18,395
Net loss (14,028) (46,532) (31,213) (72,065)
Preferred stock dividends (138) (138) (276) (276)
Loss applicable to common shareholders (14,166) (46,670) (31,489) (72,341)
Comprehensive loss:        
Net loss (14,028) (46,532) (31,213) (72,065)
Change in fair value of derivative contracts designated as hedge transactions 10,384 3,540 (8,951) 7,799
Comprehensive loss $ (3,644) $ (42,992) $ (40,164) $ (64,266)
Basic loss per common share after preferred dividends (in dollars per share) $ (0.03) $ (0.10) $ (0.06) $ (0.15)
Diluted loss per common share after preferred dividends (in dollars per share) $ (0.03) $ (0.10) $ (0.06) $ (0.15)
Weighted average number of common shares outstanding - basic (in shares) 525,243 486,065 524,218 484,438
Weighted average number of common shares outstanding - diluted (in shares) 525,243 486,065 524,218 484,438
Cash dividends declared per common share (in dollars per share) $ 0.0025 $ 0.0025 $ 0.0050 $ 0.0050