Balance Sheet
Consolidated Balance Sheets
(Unaudited)
(In Thousands)
| |
|
|
As At |
| |
|
|
|
| |
|
|
March 31/98 |
|
December 31/97 |
|
March 31/97 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
|
|
|
| |
Cash |
|
$101,953 |
|
|
$109,722 |
|
|
$7,678 |
|
| |
Accounts receivable |
|
86,341 |
|
|
111,584 |
|
|
76,956 |
|
| |
Inventories |
|
294,403 |
|
|
298,708 |
|
|
262,023 |
|
| |
Supplies and prepaid expenses |
|
38,655 |
|
|
37,785 |
|
|
28,963 |
|
|
| |
|
|
521,352 |
|
|
557,799 |
|
|
375,620 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Property, plant and equipment |
|
1,343,687 |
|
|
1,342,728 |
|
|
1,273,319 |
|
| |
Long-term receivables and investments |
|
180,314 |
|
|
188,696 |
|
|
167,017 |
|
| |
Inventories |
|
193,672 |
|
|
181,479 |
|
|
206,999 |
|
|
| |
|
|
1,717,673 |
|
|
1,712,903 |
|
|
1,647,335 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Total assets |
|
$2,239,025 |
|
|
$2,270,702 |
|
|
$2,022,955 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Liabilities and Shareholders' Equity |
|
|
|
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
|
|
|
| |
Short-term debt |
|
- |
|
|
$143,650 |
|
|
$135,330 |
|
| |
Accounts payable and accrued liabilities |
|
53,283 |
|
|
93,831 |
|
|
62,060 |
|
| |
Dividends payable |
|
7,192 |
|
|
7,181 |
|
|
6,664 |
|
| |
Current portion of long-term debt |
|
13,921 |
|
|
14,016 |
|
|
- |
|
| |
Current portion of other liabilities |
|
22,220 |
|
|
26,553 |
|
|
14,206 |
|
|
| |
|
|
96,616 |
|
|
285,231 |
|
|
218,260 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Long-term debt |
|
271,285 |
|
|
129,065 |
|
|
261,975 |
|
| |
Provision for reclamation |
|
89,812 |
|
|
87,976 |
|
|
74,288 |
|
| |
Other liabilities |
|
15,710 |
|
|
19,147 |
|
|
25,611 |
|
| |
Deferred income taxes |
|
65,078 |
|
|
57,050 |
|
|
14,307 |
|
|
| |
|
|
441,885 |
|
|
293,238 |
|
|
376,181 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Shareholders' equity |
|
|
|
|
|
|
|
|
|
| |
Share capital |
|
685,903 |
|
|
684,792 |
|
|
483,817 |
|
| |
Contributed surplus |
|
496,745 |
|
|
496,745 |
|
|
496,745 |
|
| |
Retained earnings |
|
505,219 |
|
|
494,608 |
|
|
447,952 |
|
| |
Cumulative translation adjustment |
|
12,657 |
|
|
16,088 |
|
|
- |
|
|
| |
|
|
1,700,524 |
|
|
1,692,233 |
|
|
1,428,514 |
|
|
| Total liabilities and shareholders' equity |
|
$2,239,025 |
|
|
$2,270,702 |
|
|
$2,022,955 |
|
|
