​

Three-month

Three-month

​

period ended

period ended

​

March 31, 2025

March 31, 2024

Amounts in US$ '000

(Unaudited)

(Unaudited)

Cash flows from operating activities

Profit for the period

13,069

30,192

Adjustments for:

Income tax expense

12,447

44,873

Depreciation

32,045

28,659

Loss on disposal of property, plant and equipment

​

29

​

—

Write-off of unsuccessful exploration efforts

​

5,883

​

—

Borrowings cancellation costs

​

6,240

​

—

Amortization of other long-term liabilities

(23)

(30)

Accrual of borrowing interests

11,767

7,747

Unwinding of long-term liabilities

1,449

1,407

Accrual of share-based payment

1,533

1,628

Foreign exchange loss (gain)

3,288

(164)

Income tax paid ^(a)

(4,880)

(6,917)

Change in working capital ^{(b) (c)}

(161,610)

(19,774)

Cash flows (used in) from operating activities – net

(78,763)

87,621

Cash flows from investing activities

Purchase of property, plant and equipment

(22,614)

(48,807)

Proceeds from divestment of long-term assets ^(d)

​

15,939

​

2,158

Cash flows used in investing activities – net

(6,675)

(46,649)

Cash flows from financing activities

Proceeds from borrowings

​

550,000

—

Debt issuance costs paid

​

(5,034)

—

Principal paid

​

(405,333)

—

Interest paid

(14,555)

(13,750)

Lease payments

(1,489)

(1,857)

Repurchase of shares

—

—

Cash distribution

​

(7,525)

​

(7,520)

Cash flows from (used in) financing activities - net

116,064

(23,127)

Net increase in cash and cash equivalents

30,626

17,845

Cash and cash equivalents at January 1

276,750

133,036

Currency translation differences

617

(160)

Cash and cash equivalents at the end of the period

307,993

150,721

Ending Cash and cash equivalents are specified as follows:

Cash at bank and bank deposits

307,981

150,711

Cash in hand

12

10

Cash and cash equivalents

307,993

150,721