Condensed Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Operating activities | ||||
| Net earnings | $ 543,236 | $ 292,270 | $ 1,125,280 | $ 546,254 |
| Depreciation and depletion | 122,808 | 75,322 | 200,091 | 152,316 |
| Equity settled share based compensation | 1,743 | 1,809 | 3,390 | 3,234 |
| Performance share units - expense | 3,063 | 8,153 | 11,528 | 18,909 |
| Performance share units - paid | 0 | 0 | (29,257) | (17,209) |
| Income tax expense | 101,796 | 45,734 | 210,876 | 88,513 |
| Investment income recognized in net earnings | (2,655) | (8,742) | (15,671) | (17,789) |
| Other | 24,560 | 164 | 22,167 | 3,171 |
| Change in non-cash working capital | (8,868) | (6,709) | 9,908 | (14,450) |
| Cash generated from operations before income taxes and interest | 785,683 | 408,001 | 1,538,312 | 762,949 |
| Income taxes paid | (109,262) | (948) | (109,444) | (3,182) |
| Interest paid | (29,783) | (87) | (29,886) | (178) |
| Interest received | 2,880 | 7,993 | 16,358 | 16,163 |
| Cash generated from operating activities | 649,518 | 414,959 | 1,415,340 | 775,752 |
| Financing activities | ||||
| Bank debt repaid | (728,000) | 0 | (728,000) | 0 |
| Bank debt drawn | 2,700,000 | 0 | 2,700,000 | 0 |
| Debt issue costs | (2,073) | (862) | (5,118) | (862) |
| Share purchase options exercised | 807 | 1,967 | 1,546 | 4,473 |
| Lease payments | (124) | (89) | (283) | (211) |
| Dividends paid | (171,292) | (147,939) | (171,292) | (147,939) |
| Cash (used for) generated from financing activities | 1,799,318 | (146,923) | 1,796,853 | (144,539) |
| Investing activities | ||||
| Mineral stream interests | (4,474,029) | (347,951) | (4,535,183) | (443,691) |
| Early deposit mineral stream interests | 0 | 0 | (3) | 0 |
| Mineral royalty interests | (27,074) | 0 | (27,074) | 0 |
| Acquisition of long-term investments | 0 | 0 | (14,608) | (3) |
| Proceeds on disposal of long-term investments | 0 | 0 | 323,421 | 0 |
| Dividends received | 0 | 287 | 0 | 526 |
| Other | (10,272) | (231) | (6,832) | (491) |
| Cash used for investing activities | (4,511,375) | (347,895) | (4,260,279) | (443,659) |
| Effect of exchange rate changes on cash and cash equivalents | (1,774) | 163 | (5,315) | 165 |
| (Decrease) increase in cash and cash equivalents | (2,064,313) | (79,696) | (1,053,401) | 187,719 |
| Cash and cash equivalents, beginning of period | 2,164,505 | 1,085,581 | 1,153,593 | 818,166 |
| Cash and cash equivalents, end of period | $ 100,192 | $ 1,005,885 | $ 100,192 | $ 1,005,885 |
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- References Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity, from continuing and discontinued operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents, from continuing and discontinued operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The cash from (used in) the entity's operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash outflow for dividends paid by the entity, classified as financing activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow from dividends received, classified as investing activities. [Refer: Dividends received] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency. [Refer: Cash and cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from income taxes paid or refunded, classified as operating activities. [Refer: Income taxes paid (refund)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) in cash and cash equivalents after the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow for interest paid, classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow from interest received, classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow to acquire equity or debt instruments of other entities (other than payments for those instruments considered to be cash equivalents or those held for dealing or trading purposes), classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash inflow from sales of equity or debt instruments of other entities (other than receipts for those instruments considered to be cash equivalents and those held for dealing or trading purposes), classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Inflows (outflows) of cash, classified as investing activities, that the entity does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow for debt issue costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash inflow from borrowings obtained. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash inflow from the exercise of options. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Acquisition of mineral royalty interest classified as investing activities. No definition available.
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- Definition The cash outflow for the purchases of mineral stream interests, classified as investing activities. No definition available.
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- Definition Adjustments for decrease (increase) in working capital items to reconcile profit (loss) to net cash flow from (used in) operating activities. No definition available.
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- Definition Adjustments for depletion expense and depreciation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. No definition available.
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- Definition Adjustments for non-cash equity settled stock based compensation recognized as a component of G&A in the Statement of Earnings reconcile profit (loss) to net cash flow from (used in) operating activities. No definition available.
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- Definition Adjustments for investment income recognized in the Statement of Earnings to reconcile profit (loss) to cash flow from (used in) operating activities. No definition available.
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- Definition Adjustments for performance share units paid. No definition available.
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- Definition Early deposit mineral stream interests. No definition available.
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