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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Sales of products $ 217,983 $ 166,355 $ 428,835 $ 303,280
Cost of sales and other direct production costs 110,320 92,853 207,029 178,740
Depreciation, depletion and amortization 48,403 39,423 97,734 79,089
Total cost of sales 158,723 132,276 304,763 257,829
Gross profit 59,260 34,079 124,072 45,451
Other operating expenses:        
General and administrative 11,104 6,979 19,111 15,918
Exploration 8,367 1,962 14,318 4,492
Pre-development 2,874 563 3,613 1,098
Other operating expense 3,643 1,445 7,282 2,365
Provision for closed operations and environmental matters 1,024 1,037 4,733 1,553
Ramp-up and suspension costs 5,786 9,572 10,104 22,568
Foundation grant 0 1,970 0 1,970
Total other operating expenses 32,798 23,528 59,161 49,964
Income (loss) from operations 26,462 10,551 64,911 (4,513)
Other income (expense):        
Gain on exchange of investments 0 0 1,158 0
Unrealized (loss) gain on investments (750) 6,409 (4,256) 5,431
Loss on derivative contracts (17,313) (14,002) (16,840) (6,109)
Net foreign exchange (loss) gain (1,907) (3,205) (3,971) 3,431
Other expense (278) (1,326) (439) (1,749)
Interest expense (10,271) (11,829) (21,015) (28,140)
Total other expense (30,519) (23,953) (45,363) (27,136)
(Loss) income before income and mining taxes (4,057) (13,402) 19,548 (31,649)
Income and mining tax benefit (provision) 4,842 (626) 208 436
Net income (loss) 785 (14,028) 19,756 (31,213)
Preferred stock dividends (138) (138) (276) (276)
Income (loss) applicable to common shareholders 647 (14,166) 19,480 (31,489)
Comprehensive income (loss):        
Net income (loss) 785 (14,028) 19,756 (31,213)
Change in fair value of derivative contracts designated as hedge transactions 1,620 10,384 3,452 (8,951)
Comprehensive income (loss) $ 2,405 $ (3,644) $ 23,208 $ (40,164)
Basic income (loss) per common share after preferred dividends (in cents) (in dollars per share) $ 0.001 $ (0.027) $ 0.036 $ (0.06)
Diluted income (loss) per common share after preferred dividends (in cents) (in dollars per share) $ 0.001 $ (0.027) $ 0.036 $ (0.06)
Weighted average number of common shares outstanding - basic (in shares) 535,531 525,243 534,819 524,218
Weighted average number of common shares outstanding - diluted (in shares) 542,262 525,243 541,468 524,218
Cash dividends declared per common share (in cents) (in dollars per share) $ 1.125 $ 0.250 $ 2.000 $ 0.500