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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net earnings (loss) $ 102.6 $ (64.5)
Adjustments for:    
Foreign exchange (gain) loss (11.3) 3.3
Depreciation and depletion 248.1 235.1
Other non-cash adjustments 80.6 113.7
Income tax (recovery) expense (19.4) 5.3
Finance income (6.9) (7.5)
Finance costs 17.1 13.2
Reclamation and closure costs paid (0.5) (2.4)
Cash flows from (used in) operations before changes in working capital 410.3 296.2
Change in non-cash operating working capital (16.0) (5.8)
Income taxes paid (1.5) (2.8)
Cash generated from operations 392.8 287.6
INVESTING ACTIVITIES    
Mining interests (271.1) (265.9)
Net proceeds from sale of equity investments 0.9 24.4
Interest received 6.8 7.5
Cash used by investing activities (263.4) (234.0)
FINANCING ACTIVITIES    
Proceeds received from exercise of options 2.2 5.1
Proceeds received from issuance of common shares (net of transaction costs) 164.6 0.0
Lease payments (2.6) (9.3)
Settlement of non-current derivative financial liabilities (34.2) (28.9)
New Afton free cash flow interest minimum payment guarantee (42.6) 0.0
Settlement of New Afton free cash flow interest obligation (257.5) 0.0
Interest paid (37.7) (35.5)
Cash used by financing activities (207.8) (68.6)
Effect of exchange rate changes on cash and cash equivalents (1.9) (0.3)
Change in cash and cash equivalents (80.3) (15.3)
Cash and cash equivalents, beginning of period 185.5 200.8
Cash and cash equivalents, end of period 105.2 185.5
Cash and cash equivalents are comprised of:    
Cash 85.3 140.6
Short-term money market instruments 19.9 44.9
Cash and cash equivalents, end of period $ 105.2 $ 185.5