Investor Presentaiton
Millions
$700
$600
$500
$400
$300
T
Q1 2023 CONSOLIDATED CASH FLOWS
Sustaining Cash Flow Performance
Growth, Business Development, and Other
$200
$142
$100
$0
1.
2.
$8
$116
Cash and STI
Adjusted
flow (2)
at December operating cash
31, 2022 (1)
($32)
$181
($31)
($21)
($1)
$260
Net changes in
working
capital
Sustaining
capital and
equipment
leases
Net income Dividends paid Net other (e.g.
tax payments
net int. paid,
Cash and STI Cash acquired
before growth from Yamana
NCI, etc.) (1) & borrowings (1)
Gold
$105
$59
$7
Proceeds from STI acquired
sales of short from Yamana (1)
term
investments
($49)
$513
($20)
($19)
($11)
Revaluation of
STI (1)
Debt
drawdown,
net of Yamana
facility
repayment
Mine care &
maintenance
(excl. D&A)(1)
Transaction Non-sustaining Cash and STI
costs
capital
expenditures
at March 31,
2023(1)
"STI" means short-term investments, "NCI" means non-controlling interests, and "D&A" means depreciation and amortization.
"Adjusted operating cash flow" is a non-GAAP financial measures calculated as: net cash generated from operating activities before changes in working capital, interest and income taxes paid, transaction
costs and mine care and maintenance.
PAN AMERICAN
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