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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income and comprehensive income $ 224,958 $ 177,170
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:    
Depreciation, depletion and amortization 110,689 124,847
Non-cash employee stock compensation expense 9,313 7,342
Fair value changes in equity securities 42 171
Deferred tax benefit 4,908 (6,011)
Other 717 592
Changes in assets and liabilities:    
Royalty receivables (1,234) 14,678
Stream inventory (1,832) 2,805
Income tax receivable (7,513) (11,182)
Prepaid expenses and other assets 11,240 (3,367)
Accounts payable 1,804 1,940
Income tax payable 14,830 6,428
Mount Milligan deferred liability 25,000 0
Other liabilities (4,472) (709)
Net cash provided by operating activities 388,450 314,704
Cash flows from investing activities:    
Acquisition of stream and royalty interests (55,683) (2,678)
Proceeds from Khoemacau debt facility 25,000 0
Other (91) (149)
Net cash used in investing activities (30,774) (2,827)
Cash flows from financing activities:    
Repayment of debt (250,000) (250,000)
Net payments from issuance of common stock (4,564) (1,373)
Common stock dividends (78,917) (73,918)
Other (480) (2,271)
Net cash used in financing activities (333,961) (327,562)
Net increase (decrease) in cash and equivalents 23,715 (15,685)
Cash and equivalents at beginning of period 104,167 118,586
Cash and equivalents at end of period $ 127,882 $ 102,901