v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income and comprehensive income $ 246,052 $ 128,627
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:    
Depreciation, depletion and amortization 64,148 74,512
Non-cash employee stock compensation expense 5,911 6,336
Fair value changes in equity securities 34 (383)
Deferred tax (benefit) expense (11,019) 3,419
Other 446 484
Changes in assets and liabilities:    
Royalty receivables (1,534) 8,546
Stream inventory (363) (1,116)
Income tax receivable (12,434) (2,961)
Prepaid expenses and other assets (3,525) 10,530
Accounts payable 3,178 1,786
Income tax payable 1,244 2,547
Mount Milligan deferred liability 0 25,000
Other liabilities (2,967) (5,528)
Net cash provided by operating activities 289,171 251,799
Cash flows from investing activities:    
Acquisition of stream and royalty interests (170,979) (52,256)
Proceeds from Khoemacau debt facility 0 25,000
Other (70) (85)
Net cash used in investing activities (171,049) (27,341)
Cash flows from financing activities:    
Repayment of debt 0 (200,000)
Net payments from issuance of common stock (4,499) (1,432)
Common stock dividends (59,245) (52,603)
Other (1,696) (358)
Net cash used in financing activities (65,440) (254,393)
Net increase (decrease) in cash and equivalents 52,682 (29,935)
Cash and equivalents at beginning of period 195,498 104,167
Cash and equivalents at end of period $ 248,180 $ 74,232