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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Sales of products $ 210,852 $ 136,925
Cost of sales and other direct production costs 96,709 85,887
Depreciation, depletion and amortization 49,331 39,666
Total cost of sales 146,040 125,553
Gross profit 64,812 11,372
Other operating expenses:    
General and administrative 8,007 8,939
Exploration 5,951 2,530
Pre-development 739 535
Other operating expense 3,639 920
Ramp-up and suspension costs 4,318 12,996
Provision for closed operations and environmental matters 3,709 516
Total other operating expense 26,363 26,436
Income (loss) from operations 38,449 (15,064)
Other income (expense):    
Gain on exchange of investments 1,158 0
Unrealized loss on investments (3,506) (978)
Gain on derivative contracts 473 7,893
Net foreign exchange (loss) gain (2,064) 6,636
Other non-operating expense (161) (423)
Interest expense (10,744) (16,311)
Total other expense (14,844) (3,183)
Income (loss) before income and mining taxes 23,605 (18,247)
Income and mining tax (provision) benefit (4,634) 1,062
Net income (loss) 18,971 (17,185)
Preferred stock dividends (138) (138)
Income (loss) applicable to common stockholders 18,833 (17,323)
Comprehensive income (loss):    
Net income (loss) 18,971 (17,185)
Change in fair value of derivative contracts designated as hedge transactions 1,832 (19,335)
Comprehensive income (loss) $ 20,803 $ (36,520)
Basic income (loss) per common share after preferred dividends (in dollars per share) $ 0.04 $ (0.03)
Diluted income (loss) per common share after preferred dividends (in dollars per share) $ 0.03 $ (0.03)
Weighted average number of common shares outstanding - basic (in shares) 534,101 523,215
Weighted average number of common shares outstanding - diluted (in shares) 540,527 523,215
Cash dividends per common share (in dollars per share) $ 0.00875 $ 0.0025