| | | | | | | | | | | | | | | | | |
| Note | | Three months ended
March 31, 2025 | | Three months ended
March 31, 2024 |
| Cash flows generated from (used in): | | | | | |
| Operating activities | | | | | |
| Net earnings from continuing operations | | | $ | 74,866 | | | $ | 35,142 | |
| Adjustments for: | | | | | |
| Depreciation and amortization | | | 60,617 | | | 55,344 | |
| Finance costs (recovery) | 10 | | 12,244 | | | (32) | |
| Interest income | 9 | | (8,257) | | | (5,051) | |
| Foreign exchange loss | | | 6,563 | | | 1,662 | |
| Income tax (recovery) expense | 11 | | (32,608) | | | 16,052 | |
| (Gain) loss on disposal of assets | | | (7,288) | | | 182 | |
| Unrealized loss on derivative contracts | 9 | | 63,390 | | | 16,887 | |
| Write-down of assets | | | 2,689 | | | 722 | |
| Share-based payments expense | 13 | | 4,362 | | | 2,049 | |
| | | | | |
| Employee benefit plan expense | | | 1,014 | | | 1,174 | |
| | | | | |
| | | 177,592 | | | 124,131 | |
| Property reclamation payments | | | (795) | | | (835) | |
| Employee benefit plan payments | | | (420) | | | (594) | |
| Income taxes paid | | | (48,115) | | | (19,474) | |
| Interest received | | | 8,257 | | | 5,051 | |
| Changes in non-cash operating working capital | 14 | | 1,510 | | | (13,024) | |
| Net cash generated from operating activities of continuing operations | | | 138,029 | | | 95,255 | |
| Net cash generated from operating activities of discontinued operations | | | 191 | | | 110 | |
| | | | | |
| Investing activities | | | | | |
| Additions to property, plant and equipment | | | (158,495) | | | (120,688) | |
| Capitalized interest paid | | | (9,116) | | | (8,908) | |
| Proceeds from the sale of property, plant and equipment | | | 98 | | | 12 | |
| | | | | |
| Value added taxes related to mineral property expenditures, net | | | 13,306 | | | 3,396 | |
| Purchase of marketable securities | | | — | | | (11,130) | |
| Proceeds from the sale of investments in marketable securities | | | 155,078 | | | — | |
| Deposit on property, plant and equipment | | | (5,616) | | | — | |
| | | | | |
| | | | | |
| Decrease in other investments | | | — | | | 1,136 | |
| Net cash used in investing activities of continuing operations | | | (4,745) | | | (136,182) | |
| | | | | |
| | | | | |
| Financing activities | | | | | |
| Issuance of common shares for cash, net of share issuance costs | | | 2,313 | | | 4,616 | |
| Contributions from non-controlling interests | | | — | | | 173 | |
| Proceeds from Term Facility - Commercial loans and RRF loans | 7 | | — | | | 15,312 | |
| Proceeds from Term Facility - VAT Facility | 7 | | 15,756 | | | 5,517 | |
| Repayments of Term Facility - VAT Facility | 7 | | (18,390) | | | — | |
| | | | | |
| | | | | |
| Interest paid | | | (8,462) | | | (8,347) | |
| Principal portion of lease liabilities | | | (1,346) | | | (1,112) | |
| Purchase of shares held in trust for restricted share units | 12 | | (1,810) | | | (958) | |
| Net cash (used in) generated from financing activities of continuing operations | | | (11,939) | | | 15,201 | |
| | | | | |
| | | | | |
| Net increase (decrease) in cash and cash equivalents | | | 121,536 | | | (25,616) | |
| Cash and cash equivalents - beginning of period | | | 856,797 | | | 540,473 | |
| Change in cash in disposal group held for sale | | | (191) | | | (110) | |
| Cash and cash equivalents - end of period | | | $ | 978,142 | | | $ | 514,747 | |
