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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Sales $ 191,242 $ 217,983 $ 377,741 $ 428,835
Cost of sales and other direct production costs 115,907 110,320 221,679 207,029
Depreciation, depletion and amortization 38,072 45,732 73,370 92,474
Total cost of sales 153,979 156,052 295,049 299,503
Gross profit 37,263 61,931 82,692 129,332
Other operating expenses:        
General and administrative 9,692 11,104 17,986 19,111
Exploration and pre-development 11,200 11,241 24,008 17,931
Care and maintenance costs 5,242 5,786 11,447 10,104
Provision for closed operations and environmental matters 1,472 1,024 2,373 4,733
Other operating expense 1,945 3,634 4,408 7,282
Total other operating expenses 29,551 32,789 60,222 59,161
Income from operations 7,712 29,142 22,470 70,171
Other income (expense):        
Interest expense (10,505) (10,271) (20,911) (21,015)
Fair value adjustments, net 16,428 18,063 10,463 19,938
Net foreign exchange gain (loss) 4,482 (1,907) 2,444 (3,971)
Other income (expense) 1,470 (287) 2,975 (439)
Total other expense (20,981) (30,528) (25,955) (45,363)
(Loss) income before income and mining taxes (13,269) (1,386) (3,485) 24,808
Income and mining tax (provision) benefit (254) 4,134 (5,885) (609)
Net (loss) income (13,523) 2,748 (9,370) 24,199
Preferred stock dividends (138) (138) (276) (276)
(Loss) income applicable to common shareholders (13,661) 2,610 (9,646) 23,923
Comprehensive income (loss):        
Net (loss) income (13,523) 2,748 (9,370) 24,199
Change in fair value of derivative contracts designated as hedge transactions 65,348 1,620 32,183 3,452
Comprehensive income $ 51,825 $ 4,368 $ 22,813 $ 27,651
Basic (loss) income per common share after preferred dividends (in dollars per share) $ (0.03) $ 0.01 $ (0.02) $ 0.04
Diluted (loss) income per common share after preferred dividends (in dollars per share) $ (0.03) $ 0.01 $ (0.02) $ 0.04
Weighted average number of common shares outstanding - basic (in shares) 539,401 535,531 538,943 534,819
Weighted average number of common shares outstanding - diluted (in shares) 539,401 542,262 538,943 541,468
Cash dividends declared per common share (in dollars per share) $ 0.00625 $ 0.01 $ 0.01225 $ 0.02