Balance Sheet
Consolidated Balance Sheets
(Unaudited)
(In Thousands)
| |
|
|
As At |
| |
|
|
|
| |
|
|
June 30/99 |
|
December 31/98 |
|
June 30/98 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
|
|
|
| |
Cash |
|
$20,191 |
|
|
$36,466 |
|
|
$127,882 |
|
| |
Accounts receivable |
|
100,263 |
|
|
124,247 |
|
|
68,610 |
|
| |
Inventories |
|
364,755 |
|
|
344,451 |
|
|
326,208 |
|
| |
Supplies and prepaid expenses |
|
54,181 |
|
|
51,467 |
|
|
41,940 |
|
|
| |
|
|
539,390 |
|
|
556,631 |
|
|
564,640 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Property, plant and equipment |
|
2,333,615 |
|
|
1,989,011 |
|
|
1,360,870 |
|
| |
Long-term receivables, investments and other |
|
188,134 |
|
|
210,160 |
|
|
188,456 |
|
| |
Inventories |
|
163,207 |
|
|
182,805 |
|
|
178,317 |
|
|
| |
|
|
2,684,956 |
|
|
2,381,976 |
|
|
1,727,643 |
|
|
| Total assets |
|
$3,224,346 |
|
|
$2,938,607 |
|
|
$2,292,283 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Liabilities and Shareholders' Equity |
|
|
|
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
|
|
|
| |
Short-term debt |
|
- |
|
|
$32,651 |
|
|
- |
|
| |
Accounts payable and accrued liabilities |
|
79,777 |
|
|
116,335 |
|
|
61,592 |
|
| |
Dividends payable |
|
7,213 |
|
|
7,207 |
|
|
7,201 |
|
| |
Current portion of long-term debt |
|
27,579 |
|
|
28,631 |
|
|
26,420 |
|
| |
Current portion of other liabilities |
|
5,095 |
|
|
14,406 |
|
|
18,665 |
|
|
| |
|
|
119,664 |
|
|
199,230 |
|
|
113,878 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Long-term debt |
|
599,688 |
|
|
540,116 |
|
|
268,448 |
|
| |
Provision for reclamation |
|
108,006 |
|
|
105,995 |
|
|
92,757 |
|
| |
Other liabilities |
|
10,274 |
|
|
19,052 |
|
|
14,471 |
|
| |
Deferred income taxes |
|
482,810 |
|
|
170,940 |
|
|
78,189 |
|
|
| |
|
|
1,200,778 |
|
|
836,103 |
|
|
453,865 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Shareholders' equity |
|
|
|
|
|
|
|
|
|
| |
Preferred securities |
|
179,762 |
|
|
186,985 |
|
|
- |
|
| |
Share capital |
|
689,038 |
|
|
687,658 |
|
|
686,930 |
|
| |
Contributed surplus |
|
496,745 |
|
|
496,745 |
|
|
496,745 |
|
| |
Retained earnings |
|
518,661 |
|
|
509,326 |
|
|
517,384 |
|
| |
Cumulative translation account |
|
19,698 |
|
|
22,560 |
|
|
23,481 |
|
|
| |
|
|
1,903,904 |
|
|
1,903,274 |
|
|
1,724,540 |
|
|
| Total liabilities and shareholders' equity |
|
$3,224,346 |
|
|
$2,938,607 |
|
|
$2,292,283 |
|
|
| Note: See accompanying notes
to consolidated financial statements. |
