| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net earnings | ||||||
57,703 | 195,137 | |||||
Adjustments for Depreciation and depletion | ||||||
263,352 | 309,654 | |||||
Interest expense | ||||||
699 | 825 | |||||
Amortization of credit facility origination fees - undrawn facilities | ||||||
761 | 636 | |||||
Impairment charges | ||||||
228,680 | 71,000 | |||||
Interest expense | ||||||
24,294 | 23,368 | |||||
Equity settled stock based compensation | ||||||
5,051 | 5,060 | |||||
Performance share units | ||||||
140 | -3,535 | |||||
Deferred income tax expense (recovery) | ||||||
-1,212 | -1,302 | |||||
Loss on fair value adjustment of share purchase warrants held | ||||||
6 | - | |||||
Receipt of shares in exchange for contractual modifications | ||||||
7,500 | - | |||||
Fair value adjustment on convertible note receivable | ||||||
215 | - | |||||
Investment income recognized in net earnings | ||||||
467 | 184 | |||||
Other | ||||||
-975 | -226 | |||||
Change in non-cash working capital | ||||||
-6,599 | 7,039 | |||||
Cash generated from operations before interest paid and received | ||||||
563,718 | 607,472 | |||||
Interest paid | ||||||
25,243 | 23,317 | |||||
Interest received | ||||||
333 | 146 | |||||
Cash generated from operating activities | ||||||
538,808 | 584,301 | |||||
Financing activities | ||||||
Bank debt repaid | ||||||
423,000 | 1,053,000 | |||||
Bank debt drawn | ||||||
- | 780,000 | |||||
Credit facility extension fees | ||||||
1,311 | 1,300 | |||||
Shares issued | ||||||
- | 632,547 | |||||
Share issue costs | ||||||
- | 25,996 | |||||
Repurchase of share capital | ||||||
- | 33,126 | |||||
Share purchase options exercised | ||||||
1,181 | 21,931 | |||||
Dividends paid | ||||||
121,934 | 78,708 | |||||
Cash (used for) generated from financing activities | ||||||
-545,064 | 242,348 | |||||
Investing activities | ||||||
Silver and gold interests | ||||||
- | 800,432 | |||||
Interest paid - capitalized to silver interests | ||||||
- | 615 | |||||
Early deposit - silver and gold interests | ||||||
1,721 | 4,087 | |||||
Proceeds on disposal of silver interest | ||||||
1,022 | - | |||||
Acquisition of long-term investments | ||||||
129 | - | |||||
Acquisition of convertible note receivable | ||||||
15,562 | - | |||||
Investment in associate | ||||||
2,994 | - | |||||
Dividend income received | ||||||
60 | 37 | |||||
Other | ||||||
-249 | -338 | |||||
Cash used for investing activities | ||||||
-19,573 | -805,435 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
55 | -216 | |||||
Decrease in cash and cash equivalents | ||||||
-25,774 | 20,998 | |||||