Balance Sheet
Consolidated Balance Sheets
(Unaudited)
(In Thousands)
| |
|
|
As At |
| |
|
|
|
| |
|
|
June 30/00 |
|
December 31/99 |
|
June 30/99 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
|
|
|
| |
Cash |
|
$22,161 |
|
|
$45,469 |
|
|
$20,191 |
|
| |
Accounts receivable |
|
94,885 |
|
|
138,691 |
|
|
100,263 |
|
| |
Inventories |
|
365,074 |
|
|
356,828 |
|
|
364,755 |
|
| |
Supplies and prepaid expenses |
|
48,803 |
|
|
47,695 |
|
|
54,181 |
|
|
| |
|
|
530,923 |
|
|
588,683 |
|
|
539,390 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Property, plant and equipment |
|
2,173,840 |
|
|
2,135,843 |
|
|
2,333,615 |
|
| |
Long-term receivables, investments and other |
|
192,836 |
|
|
175,736 |
|
|
188,134 |
|
| |
Inventories |
|
26,983 |
|
|
63,881 |
|
|
163,207 |
|
|
| |
|
|
2,393,659 |
|
|
2,375,460 |
|
|
2,684,956 |
|
|
| Total assets |
|
$2,924,582 |
|
|
$2,964,143 |
|
|
$3,224,346 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Liabilities and Shareholders' Equity |
|
|
|
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
|
|
|
| |
Accounts payable and accrued liabilities |
|
$79,999 |
|
|
$105,873 |
|
|
$79,777 |
|
| |
Dividends payable |
|
6,924 |
|
|
7,160 |
|
|
7,213 |
|
| |
Current portion of long-term debt |
|
30,849 |
|
|
30,241 |
|
|
27,579 |
|
| |
Current portion of other liabilities |
|
4,920 |
|
|
5,568 |
|
|
5,095 |
|
| |
Deferred income taxes |
|
28,560 |
|
|
32,549 |
|
|
32,019 |
|
|
| |
|
|
151,252 |
|
|
181,391 |
|
|
151,683 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Long-term debt |
|
321,718 |
|
|
328,963 |
|
|
599,688 |
|
| |
Provision for reclamation |
|
106,464 |
|
|
103,411 |
|
|
108,006 |
|
| |
Other liabilities |
|
15,020 |
|
|
15,618 |
|
|
10,274 |
|
| |
Deferred income taxes |
|
430,256 |
|
|
412,417 |
|
|
450,791 |
|
|
| |
|
|
873,458 |
|
|
860,409 |
|
|
1,168,759 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Shareholders' equity |
|
|
|
|
|
|
|
|
|
| |
Preferred securities |
|
180,828 |
|
|
176,248 |
|
|
179,762 |
|
| |
Share capital |
|
662,701 |
|
|
683,787 |
|
|
689,038 |
|
| |
Contributed surplus |
|
476,155 |
|
|
490,771 |
|
|
496,745 |
|
| |
Retained earnings |
|
558,227 |
|
|
552,154 |
|
|
518,661 |
|
| |
Cumulative translation account |
|
21,961 |
|
|
19,383 |
|
|
19,698 |
|
|
| |
|
|
1,899,872 |
|
|
1,922,343 |
|
|
1,903,904 |
|
|
| Total liabilities and shareholders' equity |
|
$2,924,582 |
|
|
$2,964,143 |
|
|
$3,224,346 |
|
|
| Note: See accompanying notes
to consolidated financial statements. |
