v3.26.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Sales $ 394,820 $ 315,998 $ 1,140,104 $ 740,324
COSTS AND EXPENSES        
Costs applicable to sales 158,197 135,925 399,890 345,162
Depreciation, depletion and amortization 36,549 37,728 107,089 98,857
General and administrative 15,582 13,872 46,508 38,411
Exploration and pre-development 17,181 9,494 33,478 22,544
Care and maintenance 3,353 3,257 9,661 10,728
Provision for closed operations and environmental matters 4,017 1,268 6,643 2,902
Other operating expense, net 2,787 3,471 10,876 5,365
Total costs and expenses 237,666 205,015 614,145 523,969
Income from operations 157,154 110,983 525,959 216,355
Other income (expense):        
Interest expense (620) (13,264) (8,689) (35,604)
Fair value adjustments, net 26,691 19,828 11,500 27,666
Net foreign exchange (loss) gain (652) 436 (4,599) (3,724)
Other income 7,575 2,410 18,173 4,697
Total other income (expense) 32,994 9,410 16,385 (6,965)
Income before income and mining taxes 190,148 120,393 542,344 209,390
Income and mining tax provision (40,548) (31,030) (110,215) (61,390)
Income from continuing operations 149,600 89,363 432,129 148,000
Income (loss) from discontinued operations, net of income and mining taxes 0 11,363 (183,681) 39,303
Net income 149,600 100,726 248,448 187,303
Preferred stock dividends (132) (138) (396) (414)
Net income applicable to common stockholders 149,468 100,588 248,052 186,889
Comprehensive income:        
Income from continuing operations 149,600 89,363 432,129 148,000
Change in fair value of derivative contracts designated as hedge transactions and other (6,489) (4,397) (16,790) 1,290
Comprehensive income from continuing operations 143,111 84,966 415,339 149,290
Comprehensive income (loss) from discontinued operations 0 11,363 (183,681) 39,303
Comprehensive income $ 143,111 $ 96,329 $ 231,658 $ 188,593
Basic:        
Continuing operations $ 0.22 $ 0.13 $ 0.64 $ 0.23
Discontinued operations 0 0.02 (0.27) 0.06
Basic income per common share after preferred dividends 0.22 0.15 0.37 0.29
Diluted income (loss) per share:        
Continuing operations 0.22 0.13 0.64 0.23
Discontinued operations 0 0.02 (0.27) 0.06
Diluted income per common share after preferred dividends $ 0.22 $ 0.15 $ 0.37 $ 0.29
Weighted average number of common shares outstanding - basic 671,680 669,194 670,953 646,312
Weighted average number of common shares outstanding - diluted 676,872 671,938 676,531 649,533