v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income (loss) $ (22,717) $ 134,808
Net (income) loss from discontinued operations 410,403 81,730
Adjustments for:    
Depreciation, depletion, and amortization 61,157 56,785
Reclamation and remediation costs 13,647 10,014
Payments for reclamation and remediation liabilities (4,397) (1,636)
Deferred income taxes 4,996 2,588
Stock-based compensation 31,889 16,909
Loss (gain) on derivative instruments (5,589) (65)
Change in fair value of marketable securities (4,886) (3,721)
Loss (gain) on sale and disposal of assets, net 4,493 0
Change in fair value of deferred consideration 1,552 2,839
Other taxes 521 439
Loss (gain) on foreign exchange 1,504 10,896
Other operating activities 4,413 4,166
Net change in operating assets and liabilities (76,529) (45,826)
Net cash provided by operating activities from continuing operations 420,457 269,926
Net cash used in operating activities from discontinued operations (55,665) (30,033)
Net cash provided by operating activities 364,792 239,893
Investing activities    
Additions to mineral properties, plant and equipment (121,361) (75,505)
Acquisitions, net 0 (108,736)
Purchases of marketable securities (21,657) (20,566)
Net proceeds from sale of marketable securities 16,014 13,609
Proceeds from divestiture of Çöpler 1,495,005 0
Other investing activities 1,250 1,250
Net cash provided by (used in) investing activities from continuing operations 1,369,251 (189,948)
Net cash used in investing activities from discontinued operations (56,044) (30,052)
Net cash provided by (used in) investing activities 1,313,207 (220,000)
Financing activities     
Repayment of debt, principal (65,025) 0
Proceeds from revolving credit facility 65,000 0
Repurchase of common shares (337,782) 0
Proceeds from exercise of stock options 578 0
Principal payments on finance leases (1,817) 0
Taxes paid related to net share settlement of equity awards (4,829) 0
Payment of contingent consideration (87,500) 0
Net cash used in financing activities from continuing operations (431,375) 0
Net cash provided by financing activities from discontinued operations 12,632 10,531
Net cash provided by (used in) financing activities (418,743) 10,531
Effect of foreign exchange rate changes on cash and cash equivalents (1,217) (6,202)
Change in cash and cash equivalents from divestiture of Çöpler and deconsolidation of Artmin 9,442 4,892
Net increase in cash and cash equivalents 1,267,481 29,114
Cash and cash equivalents, beginning of period 515,561 359,287
Cash and cash equivalents, end of period $ 1,783,042 $ 388,401