| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Loss from continuing operations | ||||||
-101,700 | -8,600 | |||||
Adjustments for: | ||||||
Foreign exchange gains | ||||||
-43,800 | -12,000 | |||||
Reclamation and closure costs paid | ||||||
1,400 | 2,400 | |||||
Gain on disposal of El Morro stream | ||||||
33,000 | 0 | |||||
Impairment of assets and inventory write-down | ||||||
268,400 | 30,900 | |||||
Depreciation and depletion | ||||||
220,600 | 200,300 | |||||
Other non-cash adjustments | ||||||
46,400 | 28,300 | |||||
Income tax recovery | ||||||
-115,900 | -2,100 | |||||
Finance income | ||||||
1,100 | 1,400 | |||||
Finance costs | ||||||
13,200 | 9,900 | |||||
Cash flows from (used in) operations before changes in working capital | ||||||
251,700 | 242,900 | |||||
Change in non-cash operating working capital | ||||||
-40,900 | 20,300 | |||||
Income taxes paid | ||||||
17,600 | -2,400 | |||||
Operating cash flows generated from continuing operations | ||||||
275,000 | 225,000 | |||||
Operating cash flows generated from discontinued operations | ||||||
67,200 | 57,200 | |||||
Cash generated from operations | ||||||
342,200 | 282,200 | |||||
INVESTING ACTIVITIES | ||||||
Mining interests | ||||||
567,000 | 555,900 | |||||
Gold price option contract investment costs | ||||||
-900 | -3,500 | |||||
Proceeds from the sale of assets | ||||||
65,300 | 700 | |||||
Prepayment received on Peak sale, net of transaction costs | ||||||
2,600 | 0 | |||||
Tax on proceeds from disposal of El Morro | ||||||
0 | 900 | |||||
Interest received | ||||||
1,000 | 1,400 | |||||
Investing cash flows used by continuing operations | ||||||
-499,000 | -558,200 | |||||
Investing cash flows used by discontinued operations | ||||||
-34,600 | -10,400 | |||||
Cash used by investing activities | ||||||
-533,600 | -568,600 | |||||
FINANCING ACTIVITIES | ||||||
Proceeds received from exercise of options | ||||||
600 | 9,700 | |||||
Net proceeds received from issuance of common shares | ||||||
164,700 | 0 | |||||
Financing initiation costs | ||||||
0 | 1,000 | |||||
Issuance of senior unsecured notes, net of transaction costs | ||||||
294,600 | 0 | |||||
Repayment of senior unsecured notes | ||||||
305,300 | 0 | |||||
Drawdown of Credit Facility | ||||||
130,000 | 100,000 | |||||
Cash settlement of gold stream obligation | ||||||
1,100 | 0 | |||||
Interest paid | ||||||
63,700 | 55,300 | |||||
Proceeds from gold stream agreement | ||||||
0 | 75,000 | |||||
Cash generated by financing activities | ||||||
219,800 | 128,400 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
1,900 | 8,400 | |||||
Change in cash and cash equivalents | ||||||
30,300 | -149,600 | |||||