| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Earnings from continuing operations | ||||||
157,330 | 46,734 | |||||
Depletion and depreciation | ||||||
148,655 | 58,970 | |||||
Share based payment expense | ||||||
4,344 | 1,710 | |||||
Other income, net | ||||||
3,376 | 210 | |||||
Finance items, net | ||||||
-10,095 | -10,785 | |||||
Income tax expense | ||||||
38,749 | 33,033 | |||||
Income tax paid | ||||||
40,132 | 835 | |||||
Cash reclamation expenditures | ||||||
-10,212 | -403 | |||||
Change in non-cash working capital | ||||||
-4,359 | -37,197 | |||||
Net cash provided by operating activities of continuing operations | ||||||
309,812 | 186,981 | |||||
Net cash (used in) provided by operating activities of discontinued operations | ||||||
-12,990 | -6,456 | |||||
Investing activities | ||||||
Additions to mining interests | ||||||
85,643 | 57,778 | |||||
Buy back of royalty | ||||||
0 | 30,669 | |||||
Additions to plant and equipment | ||||||
46,197 | 15,273 | |||||
Available for sale investments and warrant investments | ||||||
80,844 | 0 | |||||
Sale of available for sale investment | ||||||
4,608 | 0 | |||||
Sale of Stawell Mine | ||||||
6,250 | 0 | |||||
Proceeds on dispositions of assets | ||||||
1,621 | 749 | |||||
Cash and cash equivalents received on business combinations | ||||||
0 | 76,067 | |||||
Transfer (to)/from restricted cash, net | ||||||
-680 | 7,430 | |||||
Net cash used in investing activities of continuing operations | ||||||
-200,885 | -19,474 | |||||
Net cash used in investing activities of discontinued operations | ||||||
-612 | -240 | |||||
Financing activities | ||||||
Net proceeds from exercise of stock options | ||||||
17,002 | 5,786 | |||||
Net proceeds from flow through financings | ||||||
0 | 16,648 | |||||
Interest paid, net of interest received of $1,597 | ||||||
4,648 | 6,329 | |||||
Payment of finance lease obligations | ||||||
16,179 | 7,897 | |||||
Payment of dividends | ||||||
3,281 | 0 | |||||
Buy back of shares | ||||||
60,143 | 0 | |||||
Redemption of convertible debentures | ||||||
44,034 | 466 | |||||
Net cash (used in) provided by financing activities of continuing operations | ||||||
-111,283 | 7,742 | |||||
Net cash used in financing activities of discontinued operations | ||||||
-121 | -11 | |||||
Impact of foreign exchange on cash balances of continuing operations | ||||||
12,548 | -1,295 | |||||
Impact of foreign exchange on cash balances of discontinued operations | ||||||
229 | -67 | |||||
Change in cash of continuing operations during the period | ||||||
10,192 | 173,954 | |||||
Change in cash of discontinued operations during the period | ||||||
-13,494 | -6,774 | |||||
Change in cash | ||||||
-3,302 | 167,180 | |||||