XML 58 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net loss $ (64.5) $ (66.8)
Adjustments for:    
Foreign exchange loss (gain) 3.3 (4.8)
Depreciation and depletion 235.1 195.9
Other non-cash adjustments 113.7 36.6
Income tax expense 5.3 1.4
Finance income (7.5) (3.8)
Finance costs 13.2 27.8
Reclamation and closure costs paid (2.4) (4.0)
Cash flows from (used in) operations before changes in working capital 296.2 182.3
Change in non-cash operating working capital (5.8) 9.1
Income taxes paid (2.8) (0.7)
Cash generated from operations 287.6 190.7
INVESTING ACTIVITIES    
Mining interests (265.9) (292.9)
Transaction costs from sale of Blackwater stream [1] 0.0 (2.6)
Tax refunds collected from Mesquite sale [2] 0.0 12.8
Proceeds from sale of equity investments 25.3 0.0
Proceeds from sale of other assets 0.0 0.9
Investment and other financial instrument acquisitions (0.9) (4.0)
Interest received 7.5 3.9
Cash used by investing activities (234.0) (281.9)
FINANCING ACTIVITIES    
Repayment of long-term debt and premium paid 0.0 (101.6)
Proceeds received from issuance of shares 5.1 0.9
Lease payments (9.3) (10.3)
Cash settlement of non-current derivative financial liabilities (28.9) (36.4)
Interest paid (35.5) (37.6)
Cash used by financing activities (68.6) (185.0)
Effect of exchange rate changes on cash and cash equivalents (0.3) (4.5)
Change in cash and cash equivalents (15.3) (280.7)
Cash and cash equivalents, beginning of period 200.8 481.5
Cash and cash equivalents, end of period 185.5 200.8
Cash and cash equivalents are comprised of:    
Cash 140.6 167.7
Short-term money market instruments 44.9 33.1
Cash and cash equivalents, end of period $ 185.5 $ 200.8
[1] In 2021 the Company disposed of the Blackwater gold stream for $300.0 million. Blackwater stream transaction costs of $2.6 million were paid in 2022.
[2] In September 2022, the Company collected the $12.8 million receivable for outstanding income tax refunds at Mesquite.