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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income and comprehensive income $ 166,662 $ 109,286
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 94,245 78,810
Gain on sale of Peak Gold JV interest (33,906)  
Non-cash employee stock compensation expense 2,892 3,639
Fair value changes in equity securities (2,158) 1,153
Deferred tax benefit (8,405) (36,126)
Other 398 566
Changes in assets and liabilities:    
Royalty receivables (16,627) (7,714)
Stream inventory (2,229) (3,956)
Income tax receivable (6,504) (6,968)
Prepaid expenses and other assets 900 (7,020)
Accounts payable (549) (929)
Income tax payable 9,995 7,392
Uncertain tax positions (12,160) 3,230
Other liabilities 1,510 8,133
Net cash provided by operating activities 194,064 149,496
Cash flows from investing activities:    
Acquisition of stream and royalty interests (48,832) (72,417)
Proceeds from sale of Peak Gold JV interest 49,154  
Proceeds from sale of Contango shares 12,146  
Other (364) 4,363
Net cash provided by (used in) investing activities 12,104 (68,054)
Cash flows from financing activities:    
Repayment of debt (105,000) (85,000)
Net payments from issuance of common stock (1,415) (2,747)
Common stock dividends (36,735) (34,755)
Other (287) 2,089
Net cash used in financing activities (143,437) (120,413)
Net increase (decrease) in cash and equivalents 62,731 (38,971)
Cash and equivalents at beginning of period 319,128 119,475
Cash and equivalents at end of period $ 381,859 $ 80,504