| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Cash flow from operating activities | ||||||
Net earnings for the year | ||||||
123,451 | 101,825 | |||||
Current income tax expense (Note 28) | ||||||
62,877 | 44,031 | |||||
Deferred income tax (recovery) expense (Note 28) | ||||||
-3,843 | 30,415 | |||||
Interest (recovery) expense (Note 23) | ||||||
-1,179 | 2,115 | |||||
Depreciation and amortization (Note 10) | ||||||
122,888 | 115,955 | |||||
Impairment reversals (Note 11) | ||||||
61,554 | 0 | |||||
Accretion on closure and decommissioning provision (Note 16) | ||||||
-5,973 | -4,363 | |||||
Unrealized (gains) losses on foreign exchange | ||||||
-383 | 5,759 | |||||
(Gains) losses on commodity, diesel fuel swaps, and foreign currency contracts (Note 7) | ||||||
-606 | 4,944 | |||||
Gain on sale of mineral properties, plant and equipment | ||||||
191 | 25,100 | |||||
Project development write-down | ||||||
1,898 | 0 | |||||
Other operating activities (Note 25) | ||||||
13,269 | -46,935 | |||||
Changes in non-cash operating working capital (Note 25) | ||||||
-11,709 | 5,545 | |||||
Operating cash flows before interest and income taxes | ||||||
274,309 | 231,827 | |||||
Interest paid | ||||||
2,367 | 2,553 | |||||
Interest received | ||||||
1,462 | 1,382 | |||||
Income taxes paid | ||||||
48,845 | 15,852 | |||||
Net cash generated from operating activities | ||||||
224,559 | 214,804 | |||||
Cash flow from investing activities | ||||||
Payments for mineral properties, plant and equipment | ||||||
142,232 | 202,661 | |||||
Acquisition of mineral interests | ||||||
20,219 | 0 | |||||
Net (purchase) proceeds from sales of short-term investments | ||||||
-14,267 | 56,870 | |||||
Proceeds from sale of mineral properties, plant and equipment | ||||||
1,674 | 16,319 | |||||
Purchase of shares in associate (Note 12) | ||||||
2,473 | 0 | |||||
Net payments from commodity, diesel fuel swaps, and foreign currency contracts | ||||||
304 | 4,965 | |||||
Exercise of warrants and other payments | ||||||
0 | 5,460 | |||||
Net cash used in investing activities | ||||||
-177,821 | -139,897 | |||||
Cash flow from financing activities | ||||||
Proceeds from issue of equity shares | ||||||
2,606 | 2,399 | |||||
Distributions to non-controlling interests | ||||||
1,052 | 428 | |||||
Dividends paid | ||||||
15,314 | 7,606 | |||||
Repayment of credit facility | ||||||
36,200 | 0 | |||||
Proceeds from (payment of) short-term loans (Note 15) | ||||||
3,000 | -19,536 | |||||
Payment of equipment leases | ||||||
4,542 | 3,047 | |||||
Net cash used in financing activities | ||||||
-51,502 | -28,218 | |||||
Effects of exchange rate changes on cash and cash equivalents | ||||||
-164 | 229 | |||||
Net (decrease) increase in cash and cash equivalents | ||||||
-4,928 | 46,918 | |||||