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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net loss $ (79.3) $ (73.5)
Adjustments for:    
Loss on disposal of Blackwater 30.2 0.0
Foreign exchange (gain) loss (1.4) 3.3
Depreciation and depletion 194.6 241.7
Financial instrument transaction costs 3.4 0.0
Other non-cash adjustments 55.3 17.5
Income tax expense (recovery) 4.3 (0.4)
Finance income (1.1) (2.2)
Finance costs 79.2 62.6
Reclamation and closure costs paid (7.4) (8.8)
Cash flows from (used in) operations before changes in working capital 277.8 240.2
Change in non-cash operating working capital 16.2 25.9
Income taxes recovered (paid) 0.8 (2.6)
Cash generated from operations 294.8 263.5
INVESTING ACTIVITIES    
Mining interests (284.2) (253.3)
Proceeds from sale of Mesquite 9.1 12.4
Proceeds from sale of other assets 0.1 2.7
Investment acquisitions (2.1) 0.0
Proceeds from sale of Blackwater 102.8 0.0
Government grant received 0.0 2.0
Interest received 1.1 2.2
Cash used by investing activities (173.2) (234.0)
FINANCING ACTIVITIES    
Issuance and repayment of senior unsecured notes, net of transaction costs (221.6) (100.0)
Proceeds from New Afton free cash flow interest obligation, net of transaction costs 296.6 0.0
Proceeds received from issuance of shares 10.2 106.7
Lease payments (11.0) (13.0)
Cash settlement of gold stream obligation (21.9) (19.8)
Interest paid (42.8) (54.1)
Financing initiation costs (1.4) 0.0
(Repayment) drawdown of credit facility (30.0) 30.0
Cash used by financing activities (21.9) (50.2)
Effect of exchange rate changes on cash and cash equivalents 3.2 0.4
Change in cash and cash equivalents 102.9 (20.3)
Cash and cash equivalents, beginning of period 83.4 103.7
Cash and cash equivalents, end of period 186.3 83.4
Cash and cash equivalents are comprised of:    
Cash 125.4 66.0
Short-term money market instruments 60.9 17.5
Cash and cash equivalents, end of period $ 186.3 $ 83.4