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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:    
Net income from continuing operations $ 38,153 $ 9,988 [1],[2],[3]
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 24,241 17,511 [2]
Share-based compensation expense 2,995 3,119 [2]
Income tax expense 48,266 27,439 [1],[2],[3]
(Gain)/loss on fair value of derivative financial instruments, net (794) 1,642 [2]
Deferred revenue recognized (8,662) (10,220) [2]
Reclamation expenditures (1,233) (1,202) [2]
Other non-cash items 10,506 10,253 [2]
Total changes in working capital and taxes paid (29,468) (8,409) [2]
Net cash provided by operating activities of continuing operations 84,004 50,121 [2]
Net cash used in operating activities of discontinued operations (23,915) (27,280) [2]
Net cash provided by operating activities 60,089 22,841 [2]
INVESTING ACTIVITIES:    
Additions to mining interests (45,224) (60,123) [2]
Change in accounts payable and deposits on mine equipment and material (960) 1,217 [2]
(Increase)/decrease in restricted cash (1,041) 2,418 [2]
Net cash used in investing activities of continuing operations (47,225) (56,488) [2]
Net cash used in investing activities of discontinued operations (7,475) (10,923) [2]
Cash flows used in investing activities (54,700) (67,411) [2]
FINANCING ACTIVITIES:    
Proceeds from debt facilities, net 9,114 57,386 [2]
Principal payments on debt facilities (10,000) (55,784) [2]
Payments of lease liabilities (1,694) (1,416) [2]
Exercise of stock options and DSUs and settlement of PRSUs 4,653 1,269 [2]
Net cash provided by financing activities of continuing operations 2,073 1,455 [2]
Net cash used in financing activities of discontinued operations (20) (25) [2]
Cash flows (used in)/provided by financing activities 2,053 1,430 [2]
Increase/(decrease) in cash and cash equivalents 7,442 (43,140) [2]
Cash and cash equivalents, beginning of period [2] 53,367 [4] 96,507
Cash and cash equivalents, end of period $ 60,809 $ 53,367 [2],[4]
[1] Please refer to Note 28 for information on revised prior period comparatives.
[2] The cash flows of Prestea operation for the period to the date of sale, as well as the restated comparative period, have been presented as discontinued operations. Refer to Note 5.
[3] The results of Prestea operation for the period to the date of sale, as well as the restated comparative period, have been presented as discontinued operations. Refer to Note 5.
[4] Please refer to Note 28 for information on revised prior period comparatives.