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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash generated from operating activities:    
Loss for the year $ (144,584) $ (343,810)
Tax recovery (34,505) (108,953)
Items not affecting cash:    
Depreciation and amortization 363,603 346,634
Share-based compensation 15,008 2,714
Net interest expense on long term debt 82,712 68,375
Accretion on streaming arrangements 56,670 69,772
Change in fair value of financial instruments (29,370) 8,247
Other net finance costs 31,890 17,602
Inventory write-down 32 504
Amortization of deferred revenue and variable consideration (73,931) (76,103)
Pension and other employee benefit payments, net of accruals 3,043 2,148
Write-down of UCM Receivable   25,978
Asset impairment   322,249
Decommissioning and restoration payments (18,737) (4,136)
Other 2,673 2,916
Taxes paid (12,641) (26,853)
Operating cash flow before change in non-cash working capital 241,863 307,284
Change in non-cash working capital (2,383) 3,572
Net cash flows from operating activities 239,480 310,856
Cash used in investing activities:    
Acquisition of property, plant and equipment (361,185) (259,202)
Acquisition of subsidiary, net of cash acquired   (44,688)
Change in restricted cash   3,401
Interest received 2,167 8,119
Net cash flows from investing activities (359,018) (292,370)
Cash generated from/(used) in financing activities:    
Issuance of senior unsecured notes, net of transaction costs 591,824  
Principal repayments (400,000)  
Premium paid on redemption of notes (7,252)  
Interest paid on long-term debt (81,517) (74,750)
Financing costs (16,204) (26,149)
Lease payments (35,980) (32,952)
Gold prepayment proceeds 115,005  
Dividends paid (3,783) (3,927)
Net cash flows from financing activities 162,093 (137,778)
Effect of movement in exchange rates on cash and cash equivalents 434 (59)
Net increase (decrease) in cash 42,989 (119,351)
Cash, beginning of the year 396,146 515,497
Cash, end of the year $ 439,135 $ 396,146