XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income and comprehensive income $ 47,309 $ 64,071
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:    
Depreciation, depletion and amortization 38,765 46,328
Non-cash employee stock compensation expense 2,988 2,636
Fair value changes in equity securities (447) (799)
Deferred tax expense 648 1,092
Other 222 214
Changes in assets and liabilities:    
Royalty receivables 10,127 2,471
Stream inventory (1,629) 1,056
Income tax receivable (433) 1,342
Prepaid expenses and other assets 10,763 (914)
Accounts payable 158 1,166
Income tax payable 6,465 (7,840)
Mount Milligan support liability 25,000 0
Other liabilities (1,652) (2,168)
Net cash provided by operating activities 138,284 108,655
Cash flows from investing activities:    
Acquisition of stream and royalty interests (1,104) 0
Proceeds from Khoemacau debt facility 25,000 0
Other (305) (197)
Net cash provided by (used in) investing activities 23,591 (197)
Cash flows from financing activities:    
Repayment of debt (100,000) (75,000)
Net payments from issuance of common stock (1,369) (397)
Common stock dividends (26,292) (24,629)
Other (431) (202)
Net cash used in financing activities (128,092) (100,228)
Net increase in cash and equivalents 33,783 8,230
Cash and equivalents at beginning of period 104,167 118,586
Cash and equivalents at end of period $ 137,950 $ 126,816