| Jun'18 | Jun'17 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net earnings | ||||||
318,142 | 67,612 | |||||
Adjustments for Depreciation and depletion | ||||||
62,727 | 60,016 | |||||
Gain on disposal of mineral stream interest | ||||||
245,715 | - | |||||
Interest expense | ||||||
5,659 | 6,482 | |||||
Equity settled stock based compensation | ||||||
1,394 | 1,273 | |||||
Performance share units | ||||||
3,316 | -23 | |||||
Deferred income tax expense (recovery) | ||||||
-3,253 | -820 | |||||
Loss on fair value adjustment of share purchase warrants held | ||||||
12 | - | |||||
Fair value adjustment on convertible note receivable | ||||||
-283 | - | |||||
Investment income recognized in net earnings | ||||||
681 | 87 | |||||
Other | ||||||
287 | 135 | |||||
Change in non-cash working capital | ||||||
-1,791 | -3,466 | |||||
Cash generated from operations before interest paid and received | ||||||
140,380 | 131,122 | |||||
Interest paid | ||||||
5,459 | 6,513 | |||||
Interest received | ||||||
279 | 72 | |||||
Cash generated from operating activities | ||||||
135,200 | 124,681 | |||||
Financing activities | ||||||
Bank debt repaid | ||||||
79,000 | 111,000 | |||||
Bank debt drawn | ||||||
372,500 | - | |||||
Credit facility extension fees | ||||||
5 | 5 | |||||
Share purchase options exercised | ||||||
878 | 280 | |||||
Dividends paid | ||||||
64,589 | 52,108 | |||||
Cash (used for) generated from financing activities | ||||||
229,784 | -162,833 | |||||
Investing activities | ||||||
Mineral stream interests | ||||||
610,235 | - | |||||
Early deposit mineral stream interests | ||||||
4,255 | 15 | |||||
Proceeds on disposal of mineral stream interests | ||||||
230,000 | - | |||||
Acquisition of long-term investments | ||||||
1,016 | - | |||||
Dividend income received | ||||||
20 | 15 | |||||
Other | ||||||
-2,384 | -32 | |||||
Cash used for investing activities | ||||||
-387,870 | -32 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-21 | 10 | |||||
Decrease in cash and cash equivalents | ||||||
-22,907 | -38,174 | |||||