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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES    
Net earnings (loss) $ 140.6 $ (79.3)
Adjustments for:    
Loss on disposal of Blackwater 0.0 30.2
Foreign exchange gain (0.9) (1.4)
Gain on disposal of Blackwater stream (147.3) 0.0
Depreciation and depletion 196.8 194.6
Financial instrument transaction costs 0.4 3.4
Other non-cash adjustments 94.3 55.3
Income tax expense 19.7 4.3
Finance income (0.3) (1.1)
Finance costs 34.8 79.2
Reclamation and closure costs paid (12.0) (7.4)
Cash flows from (used in) operations before changes in working capital 326.1 277.8
Change in non-cash operating working capital 1.0 16.2
Income taxes (paid) recovered (3.4) 0.8
Cash generated from operations 323.7 294.8
INVESTING ACTIVITIES    
Mining interests (247.3) (284.2)
Proceeds from sale of Blackwater stream 300.0 0.0
Proceeds from sale of Blackwater 39.4 102.8
Proceeds from sale of Mesquite 0.0 9.1
Proceeds from sale of other assets 1.4 0.1
Investment and other financial instrument acquisitions (36.4) (2.1)
Interest received 0.3 1.1
Cash generated from (used by) investing activities 57.4 (173.2)
FINANCING ACTIVITIES    
Issuance of senior unsecured notes, net of transaction costs 0.0 (221.6)
Proceeds from New Afton free cash flow interest obligation, net of transaction costs 0.0 296.6
Proceeds received from issuance of shares 0.2 10.2
Lease payments (10.4) (11.0)
Cash settlement of non-current derivative financial liabilities (32.3) (21.9)
Interest paid (42.6) (42.8)
Financing initiation costs (1.4) (1.4)
Repayment of credit facility 0.0 (30.0)
Cash used by financing activities (86.5) (21.9)
Effect of exchange rate changes on cash and cash equivalents 0.6 3.2
Change in cash and cash equivalents 295.2 102.9
Cash and cash equivalents, beginning of period 186.3 83.4
Cash and cash equivalents, end of period 481.5 186.3
Cash and cash equivalents are comprised of:    
Cash 337.5 125.4
Short-term money market instruments 144.0 60.9
Cash and cash equivalents, end of period $ 481.5 $ 186.3