v3.25.4
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net (loss) income $ (432,056,000) $ (108,881,000) $ 156,065,000
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities:      
Depreciation, depletion and amortization 187,359,000 190,923,000 163,862,000
Change in estimate of asset retirement obligation (2,009,000) (3,523,000) (3,151,000)
Impairment of assets 0 10,585,000 0
Amortization of right of use asset - operating leases 25,990,000 22,091,000 12,415,000
Amortization of deferred financing costs 3,679,000 3,989,000 4,300,000
Non-cash interest expense 46,568,000 34,912,000 30,997,000
Amortization of contract obligations (23,739,000) (31,443,000) (33,026,000)
Gain on disposal of assets (8,817,000) 0 0
Equity-based compensation expense 183,000 129,000 2,149,000
Loss on debt extinguishment 19,258,000 14,732,000 1,385,000
Deferred income taxes (14,276,000) (39,526,000) (21,338,000)
Reclamation of asset retirement obligations (5,106,000) (9,724,000) (5,334,000)
(Decrease) increase in provision for discounting and credit losses 4,758,000 (207,000) (4,216,000)
Loss (gain) on translation of short-term inter-entity balances 4,490,000 (10,028,000) 0
Other (181,000) (694,000) 516,000
Changes in operating assets and liabilities:      
Accounts receivable - including related party receivables, net (35,340,000) 35,451,000 155,056,000
Inventories (32,704,000) 27,644,000 (32,774,000)
Other current assets 10,672,000 (2,778,000) (477,000)
Contract obligations 142,771,000 0 0
Accounts payable (13,795,000) (9,366,000) 40,159,000
Accrued expenses and other current liabilities 63,399,000 (97,895,000) (25,435,000)
Operating lease liabilities (24,761,000) (21,050,000) (14,597,000)
Income tax payable (351,000) 66,665,000 (164,834,000)
Change in other liabilities 4,011,000 2,033,000 6,560,000
Net cash (used in) provided by operating activities (79,997,000) 74,039,000 268,282,000
Cash flows from investing activities:      
Capital expenditures (244,784,000) (248,142,000) (237,205,000)
Proceeds from disposal of assets 18,837,000 0 0
Purchase of restricted and other deposits (111,723,000) (2,462,000) (27,213,000)
Redemption of restricted and other deposits 38,933,000 24,268,000 26,250,000
Net cash used in investing activities (298,737,000) (226,336,000) (238,168,000)
Cash flows from financing activities:      
Proceeds from interest bearing liabilities and other financial liabilities 340,000,000 449,860,000 0
Debt issuance costs and other financing costs (8,116,000) (13,912,000) (3,436,000)
Principal payments on interest bearing liabilities and other financial liabilities (99,574,000) (246,668,000) (4,361,000)
Call premiums paid on early redemption of debt (12,250,000) (9,768,000) 0
Principal payments on finance lease obligations (3,747,000) (68,000) (127,000)
Dividends paid (8,333,000) (16,679,000) (16,755,000)
Net cash provided by (used in) financing activities 207,980,000 162,765,000 (24,679,000)
Net (decrease) increase in cash and cash equivalents (170,754,000) 10,468,000 5,435,000
Effect of exchange rate changes on cash and cash equivalents 4,161,000 (10,138,000) (769,000)
Cash and cash equivalents at beginning of period 339,625,000 339,295,000 334,629,000
Cash and cash equivalents at end of period 173,032,000 339,625,000 339,295,000
Supplemental disclosure of cash flow information:      
Cash payments for interest 58,815,000 29,727,000 28,632,000
Cash paid (refund) for taxes (1,695,000) (67,842,000) 147,106,000
Restricted cash $ 251,000 $ 251,000 $ 251,000