Financial Information

Consolidated Balance Sheets

As at December 31 ($Cdn thousands)	2008		2007

Assets
Current assets
Cash and cash equivalents	$	269,176	$	131,932
Accounts receivable		568,340		347,097
Inventories [note 4]		470,649		428,502
Supplies and prepaid expenses		301,937		210,464
Current portion of long-term receivables, investments and other [note 7]		49,836		164,164
		1,659,938		1,282,159

Property, plant and equipment [note 5]		4,416,293		3,437,450
Intangible assets and goodwill [note 6]		283,344		255,484
Long-term receivables, investments and other [note 7]		628,972		387,304
Long-term inventory [note 4]		22,054		8,985
Total assets	$	7,010,601	$	5,371,382


Liabilities and Shareholders' Equity
Current liabilities
Accounts payable and accrued liabilities	$	580,903	$	541,283
Short-term debt [note 8, 22]		89,817		-
Dividends payable		21,943		17,220
Current portion of long-term debt [note 9]		10,175		8,816
Current portion of other liabilities [note 11]		117,222		32,492
Future income taxes [note 16]		68,857		84,653
		888,917		684,464

Long-term debt [note 9]		1,212,982		717,130
Provision for reclamation [note 10]		353,344		284,673
Other liabilities [note 11]		179,880		258,511
Future income taxes [note 16]		81,352		246,936
		2,716,475		2,191,714

Minority interest		779,203		435,807

Shareholders' equity
Share capital		1,062,714		819,268
Contributed surplus		131,858		119,531
Retained earnings		2,153,315		1,779,629
Accumulated other comprehensive income		167,036		25,433
		3,514,923		2,743,861
Total liabilities and shareholders' equity	$	7,010,601	$	5,371,382

Commitments and contingencies [note 10, 16, 23, 24]

Approved by the board of directors
Original signed by Gerald W. Grandey and Nancy E. Hopkins