Balance Sheet
Consolidated Balance Sheets
(Unaudited)
(In Thousands)
| |
|
|
As At |
| |
|
|
|
| |
|
|
March 31/99 |
|
December 31/98 |
|
March 31/98 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
|
|
|
| |
Cash |
|
$48,890 |
|
|
$36,466 |
|
|
$101,953 |
|
| |
Accounts receivable |
|
94,415 |
|
|
124,247 |
|
|
86,341 |
|
| |
Inventories |
|
350,975 |
|
|
344,451 |
|
|
294,403 |
|
| |
Supplies and prepaid expenses |
|
51,749 |
|
|
51,467 |
|
|
38,655 |
|
|
| |
|
|
546,029 |
|
|
556,631 |
|
|
521,352 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Property, plant and equipment |
|
2,012,168 |
|
|
1,989,011 |
|
|
1,343,687 |
|
| |
Long-term receivables, investments and other |
|
203,549 |
|
|
210,160 |
|
|
180,314 |
|
| |
Inventories |
|
183,089 |
|
|
182,805 |
|
|
193,672 |
|
|
| |
|
|
2,398,806 |
|
|
2,381,976 |
|
|
1,717,673 |
|
|
| Total assets |
|
$2,944,835 |
|
|
$2,938,607 |
|
|
$2,239,025 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Liabilities and Shareholders' Equity |
|
|
|
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
|
|
|
| |
Short-term debt |
|
$32,651 |
|
|
$32,651 |
|
|
- |
|
| |
Accounts payable and accrued liabilities |
|
92,558 |
|
|
116,335 |
|
|
53,283 |
|
| |
Dividends payable |
|
7,209 |
|
|
7,207 |
|
|
7,192 |
|
| |
Current portion of long-term debt |
|
28,231 |
|
|
28,631 |
|
|
13,921 |
|
| |
Current portion of other liabilities |
|
5,432 |
|
|
14,406 |
|
|
22,220 |
|
|
| |
|
|
166,081 |
|
|
199,230 |
|
|
96,616 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Long-term debt |
|
574,938 |
|
|
540,116 |
|
|
271,285 |
|
| |
Provision for reclamation |
|
107,692 |
|
|
105,995 |
|
|
89,812 |
|
| |
Other liabilities |
|
13,511 |
|
|
19,052 |
|
|
15,710 |
|
| |
Deferred income taxes |
|
180,380 |
|
|
170,940 |
|
|
65,078 |
|
|
| |
|
|
876,521 |
|
|
836,103 |
|
|
441,885 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Shareholders' equity |
|
|
|
|
|
|
|
|
|
| |
Preferred securities |
|
184,373 |
|
|
186,985 |
|
|
- |
|
| |
Share capital |
|
688,534 |
|
|
687,658 |
|
|
685,903 |
|
| |
Contributed surplus |
|
496,745 |
|
|
496,745 |
|
|
496,745 |
|
| |
Retained earnings |
|
510,972 |
|
|
509,326 |
|
|
505,219 |
|
| |
Cumulative translation account |
|
21,609 |
|
|
22,560 |
|
|
12,657 |
|
|
| |
|
|
1,902,233 |
|
|
1,903,274 |
|
|
1,700,524 |
|
|
| Total liabilities and shareholders' equity |
|
$2,944,835 |
|
|
$2,938,607 |
|
|
$2,239,025 |
|
|
| Note: See accompanying notes
to consolidated financial statements. |
