| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Loss before taxes | ||||||
-318,000 | -615,700 | |||||
Adjustments to reconcile earnings before taxes to net operating cash flows: | ||||||
Depletion, depreciation and amortization | ||||||
426,800 | 462,300 | |||||
Share-based payments (Note 29) | ||||||
12,600 | 14,200 | |||||
Finance income (Note 10) | ||||||
3,400 | 1,600 | |||||
Finance expense (Note 10) | ||||||
141,100 | 143,800 | |||||
Mark-to-market on sales of concentrate and price adjustments on unsettled invoices | ||||||
4,000 | 9,100 | |||||
Mark-to-market on investments and other assets | ||||||
-2,500 | 4,300 | |||||
Impairment of mineral properties (Note 11) | ||||||
356,500 | 615,100 | |||||
Amortization of deferred revenue on metal purchase agreements (Note 25) | ||||||
-8,600 | -6,800 | |||||
Other non-cash (recoveries)/expenses (Note 15(d)) | ||||||
-7,800 | 36,700 | |||||
Advanced payments received on metal purchase agreements | ||||||
6,600 | 64,000 | |||||
Decommissioning, restoration and similar liabilities paid (Note 27) | ||||||
4,600 | 8,100 | |||||
Other cash payments | ||||||
6,000 | 0 | |||||
Cash flows from operating activities before income taxes paid and net change in working capital | ||||||
593,700 | 690,500 | |||||
Income taxes paid | ||||||
19,000 | 63,900 | |||||
Payments made related to the Brazilian tax matters (Note 12(e)) | ||||||
76,700 | 0 | |||||
Cash flows from operating activities before net change in working capital | ||||||
498,000 | 626,600 | |||||
Net change in working capital (Note 15(b)) | ||||||
14,000 | -25,300 | |||||
Cash flows from operating activities of continuing operations | ||||||
484,000 | 651,900 | |||||
Cash flows from operating activities of discontinued operations (Note 6(c)) | ||||||
0 | 12,900 | |||||
Investing activities | ||||||
Acquisition of property, plant and equipment (Note 21) | ||||||
643,800 | 495,400 | |||||
Proceeds from sale of Mexican operations (Note 6(c)) | ||||||
0 | 124,000 | |||||
Acquisition of Mineracao Riacho dos Machados Ltda, net of cash acquired (Note 6(d)) | ||||||
0 | 50,200 | |||||
Proceeds on disposal of investments and other assets | ||||||
17,500 | 33,600 | |||||
Cash used in other investing activities | ||||||
-17,900 | -19,700 | |||||
Cash flows used in investing activities of continuing operations | ||||||
-644,200 | -407,700 | |||||
Cash flows used in investing activities of discontinued operations (Note 6(c)) | ||||||
0 | -12,900 | |||||
Financing activities | ||||||
Dividends paid (Note 28(b)) | ||||||
18,900 | 28,000 | |||||
Interest and other finance expenses paid | ||||||
103,800 | 96,200 | |||||
Proceeds from Brio Gold Inc. private placement and rights offering (Note 6(b)) | ||||||
71,500 | 40,700 | |||||
Repayment of term loan and notes payable (Note 26) | ||||||
460,900 | 484,500 | |||||
Proceeds from term loan and notes payable (Note 26) | ||||||
730,000 | 300,500 | |||||
Cash flows from/(used in) financing activities of continuing operations | ||||||
217,900 | -267,500 | |||||
Effect of foreign exchange of non-US Dollar denominated cash and cash equivalents | ||||||
100 | 800 | |||||
Increase/(Decrease) in cash and cash equivalents of continuing operations | ||||||
57,800 | -22,500 | |||||