RE:RE:Q4....From Q3 MDA
"Income tax payable - $10.3 million, up from $1.1 million at December 31, 2015. The increase in 2016
reflects the current provision for income taxes of $14.8 million recorded against earnings for the first nine months of 2016, principally associated with the Company’s Colombian mining operations, net of $5.8 million of income taxes paid in the first nine months of 2016,"
They already subtracted $14.8m from earnings as provision for 2016 income tax. It wouldn't make sense for them to subtract the entire year of 2016 income tax from Q4.
Also from Q3 MDA
"In the normal course, any unpaid income tax obligations at the end of 2016 in respect of the current year will be paid during the first half of 2017 when the applicable tax returns are filed with the Colombian tax authority. However, due to the sinking fund mechanics under the indentures for the Senior Debentures, the Company is reviewing its options to use some of its operating cash flow in the fourth quarter of 2016 to pay a portion of the 2016 income tax payable to mitigate the potential of any adverse cash flow implications in 2017 when the liability comes due."
2016 income tax will be paid during first half of 2017, not Q4. They are trying to save some of their Q4 cash instead of putting it in sinking fund so it can be used to pay income tax in 2017.
With the extra $4m cash from VAT refund, they are worried that they might show too much cash in Q4 lol.