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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income and comprehensive income $ 128,627 $ 127,671
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:    
Depreciation, depletion and amortization 74,512 84,741
Non-cash employee stock compensation expense 6,336 4,579
Fair value changes in equity securities (383) (291)
Deferred tax expense (benefit) 3,419 (7,139)
Other 484 445
Changes in assets and liabilities:    
Royalty receivables 8,546 12,948
Stream inventory (1,116) 1,998
Income tax receivable (2,961) (6,536)
Prepaid expenses and other assets 10,530 (2,641)
Accounts payable 1,786 1,866
Income tax payable 2,547 (462)
Mount Milligan deferred liability 25,000 0
Other liabilities (5,528) (597)
Net cash provided by operating activities 251,799 216,582
Cash flows from investing activities:    
Acquisition of stream and royalty interests (52,256) (2,670)
Proceeds from Khoemacau debt facility 25,000 0
Other (85) (151)
Net cash used in investing activities (27,341) (2,821)
Cash flows from financing activities:    
Repayment of debt (200,000) (175,000)
Net payments from issuance of common stock (1,432) 253
Common stock dividends (52,603) (49,271)
Other (358) (2,172)
Net cash used in financing activities (254,393) (226,190)
Net decrease in cash and equivalents (29,935) (12,429)
Cash and equivalents at beginning of period 104,167 118,586
Cash and equivalents at end of period $ 74,232 $ 106,157