 |
| |
|
|
|
(Restated) |
|
| As at December 31 |
2003 |
|
|
2002 |
|
| |
|
|
|
(Thousands) |
|
| Assets |
|
|
|
|
|
|
| Current Assets |
|
|
|
|
|
|
| |
Cash |
$ |
84,069 |
|
$ |
58,096 |
|
| |
Accounts receivable |
|
181,337 |
|
|
186,369 |
|
| |
Inventories [note
3] |
|
316,435 |
|
|
339,684 |
|
| |
Supplies and prepaid expenses |
|
41,571 |
|
|
45,731 |
|
| |
Current portion of long-term
receivables, investments and other [note
5] |
|
54,866 |
|
|
20,163 |
|
| |
|
|
| |
|
|
678,278 |
|
|
650,043 |
|
| |
|
|
|
|
|
|
| Property, plant
and equipment [note 4] |
|
2,072,156 |
|
|
2,060,250 |
|
| Long-term receivables,
investments and other [note 5] |
|
608,977 |
|
|
257,523 |
|
| |
|
| Total assets |
$ |
3,359,411 |
|
$ |
2,967,816 |
|
| |
|
| Liabilities and Shareholders'
Equity |
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
| |
Accounts payable and accrued liabilities |
$ |
156,112 |
|
$ |
131,932 |
|
| |
Dividends payable |
|
11,598 |
|
|
6,998 |
|
| |
Current portion of long-term debt [note
6] |
|
4,331 |
|
|
6,318 |
|
| |
Current portion of other liabilities [note
8] |
|
1,563 |
|
|
16,931 |
|
| |
Future income taxes [note
15] |
|
24,237 |
|
|
9,198 |
|
| |
|
|
| |
|
|
197,841 |
|
|
171,377 |
|
| |
|
|
|
| Long-term debt [note
6] |
|
238,707 |
|
|
218,290 |
|
| Provision for reclamation [note
7] |
|
150,444 |
|
|
159,344 |
|
| Other liabilities [note
8] |
|
36,196 |
|
|
9,523 |
|
| Future income taxes [note
15] |
|
501,674 |
|
|
530,625 |
|
| |
|
|
| |
|
|
1,124,862 |
|
|
1,089,159 |
|
| |
|
|
| Minority interest |
|
14,690 |
|
|
18,078 |
|
| |
|
|
| Shareholders' equity |
|
|
|
|
|
|
| |
Preferred securities [note
9] |
|
158,022 |
|
|
193,763 |
|
| |
Convertible debentures [note
10] |
|
226,444 |
|
|
- |
|
| |
Share capital [note
11] |
|
708,345 |
|
|
680,934 |
|
| |
Contributed surplus |
|
474,927 |
|
|
472,488 |
|
| |
Retained earnings |
|
665,377 |
|
|
494,341 |
|
| |
Cumulative translation account [note
12] |
|
(13,256) |
|
|
19,053 |
|
| |
|
|
| |
|
|
2,219,859 |
|
|
1,860,579 |
|
| |
|
|
| Total liabilities and shareholders'
equity |
$ |
3,359,411 |
|
$ |
2,967,816 |
|
| |
|
| |
|
|
|
|
|
|
|
| Commitments and contingencies
[notes 6,7,18,19,24,25] |
|
|
|
|
|
|
| See accompanying notes
to consolidated financial statements. |
|
|
|
|
|
|
| Approved by the board of
directors |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
