| Dec'17 | Dec'16 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||
Net income for the year | ||||||||
243,887 | 158,824 | -406,526 | 310,916 | -568,955 | 332,116 | 86,538 | 73,167 | 139,345 |
Add (deduct) items not affecting cash: | ||||||||
Amortization of property, plant and mine development (note 10) | ||||||||
508,739 | 613,160 | 296,078 | 271,861 | 261,781 | 192,486 | 72,461 | 36,133 | 27,757 |
Deferred income and mining taxes (note 23) | ||||||||
10,855 | 7,609 | -16,550 | 72,145 | -275,773 | 66,928 | 20,309 | 16,681 | 16,380 |
Gain on sale of available-for-sale securities (note 8) | ||||||||
168 | 3,500 | 74 | 9,733 | 4,907 | 19,487 | 10,142 | -49,186 | - |
Stock-based compensation (note 18) | ||||||||
43,674 | 33,804 | 44,904 | 47,632 | 51,873 | 45,672 | 28,753 | 16,061 | 12,155 |
Impairment loss on available-for-sale securities (note 8) | ||||||||
8,532 | - | 34,272 | 12,732 | 8,569 | - | - | - | - |
Gain on impairment reversal (note 22) | ||||||||
- | 120,161 | - | - | - | - | - | - | - |
Foreign currency translation loss | ||||||||
13,313 | 13,157 | 7,188 | -16,320 | 1,082 | -19,536 | -39,831 | 77,688 | -32,297 |
Other | ||||||||
15,362 | 14,012 | -23,817 | -16,048 | -22,992 | -13,015 | 5,214 | 4,642 | 14,921 |
Adjustment for settlement of reclamation provision | ||||||||
-4,824 | -2,719 | - | - | - | - | - | - | - |
Changes in non-cash working capital balances: | ||||||||
Trade receivables | ||||||||
-3,815 | -471 | -450 | -8,149 | -37,050 | 19,378 | 47,930 | -33,779 | -5,568 |
Income taxes | ||||||||
-31,913 | 28,082 | 717 | 13,304 | -29,867 | 9,949 | -313 | 4,814 | -14,231 |
Inventories | ||||||||
-64,889 | 20,355 | 23,232 | 44,145 | 43,066 | 91,306 | 90,772 | 45,904 | 1,187 |
Other current assets | ||||||||
-13,722 | 53,009 | 23,447 | -18,909 | 25,838 | 28,729 | -4,834 | 24,334 | 39,055 |
Accounts payable and accrued liabilities | ||||||||
44,694 | -35,408 | -12,695 | -20,928 | 31,837 | 23,136 | 28,552 | 34,492 | 55,661 |
Interest payable | ||||||||
-2,168 | -1,136 | -376 | 4,246 | -387 | 8,077 | 1,520 | 146 | - |
Cash provided by operating activities | ||||||||
767,557 | 778,617 | 438,296 | 696,007 | 667,185 | 487,507 | 115,106 | 121,175 | 245,523 |
INVESTING ACTIVITIES | ||||||||
Additions to property, plant and mine development (note 10) | ||||||||
874,153 | 516,050 | 577,789 | 445,550 | 482,831 | 511,641 | 657,175 | 908,853 | 523,793 |
Acquisitions, net of cash and cash equivalents acquired (note 5) | ||||||||
71,989 | 12,434 | - | - | - | - | - | - | - |
Net purchases of short- term investments | ||||||||
-2,495 | -980 | - | - | - | - | - | - | - |
Net proceeds from sale of available-for-sale securities and other investments (note 8) | ||||||||
333 | 9,461 | 171 | 73,358 | 9,435 | 36,586 | 48,258 | 43,583 | 5,393 |
Purchases of available- for- sale securities and other investments (note 8) | ||||||||
51,724 | 33,774 | - | - | - | - | - | - | - |
(Increase) decrease in restricted cash | ||||||||
-24 | 287 | 3,273 | -9,991 | 32,931 | 2,510 | -30,999 | 28,544 | 2,455 |
Cash used in investing activities | ||||||||
-1,000,052 | -553,490 | -644,473 | -376,156 | -760,484 | -523,306 | -587,611 | -917,549 | -373,099 |
FINANCING ACTIVITIES | ||||||||
Dividends paid | ||||||||
76,075 | 71,375 | 126,266 | 118,121 | 98,354 | 26,830 | 27,132 | 23,779 | 13,406 |
Repayment of finance lease obligations (note 13(a)) | ||||||||
5,252 | 10,004 | 10,605 | 12,063 | 13,092 | 16,019 | 13,177 | 16,178 | 3,418 |
Proceeds from long- term debt (note 14) | ||||||||
280,000 | 125,000 | 290,000 | 315,000 | 475,000 | 711,000 | 625,000 | 300,000 | - |
Repayment of long- term debt (note 14) | ||||||||
410,412 | 405,374 | 120,000 | 605,000 | 205,000 | 1,376,000 | 110,000 | 100,000 | - |
Notes issuance (note 14) | ||||||||
300,000 | 350,000 | - | 200,000 | - | 600,000 | - | - | - |
Long- term debt financing (note 14) | ||||||||
3,505 | 3,415 | - | 3,133 | 2,545 | 12,772 | 4,784 | 3,094 | - |
Repurchase of common shares for stock-based compensation plans (notes 16 and 18(c,d)) | ||||||||
24,684 | 15,576 | - | - | - | - | - | - | - |
Proceeds on exercise of stock options (note 18(a)) | ||||||||
44,199 | 192,103 | - | - | - | - | - | - | - |
Common shares issued (note 16) | ||||||||
224,896 | 29,027 | 23,672 | 32,742 | 26,536 | 84,659 | 68,522 | 376,265 | 144,138 |
Cash provided by financing activities | ||||||||
329,167 | 190,386 | 48,729 | -202,606 | 178,822 | -25,982 | 559,818 | 558,072 | 127,314 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-3,668 | 311 | -1,519 | 1,376 | -1,636 | -2,939 | 4,585 | -8,110 | 26,481 |
Net increase in cash and cash equivalents during the year | ||||||||
93,004 | 415,824 | -158,967 | 118,621 | 83,887 | -64,720 | 91,898 | -246,412 | 26,219 |
SUPPLEMENTAL CASH FLOW INFORMATION | ||||||||
Interest paid (note 14) | ||||||||
78,885 | 71,401 | 58,152 | 52,213 | 52,833 | 41,429 | 17,189 | 6,345 | 2,406 |
Income and mining taxes paid | ||||||||
127,915 | 105,184 | 56,478 | 56,962 | 110,889 | 25,199 | 8,792 | 3,802 | 22,138 |
Loss (gain) on sale of securities, net | ||||||||
- | - | - | - | - | - | - | - | 4,088 |
Impairment loss (note 18) | ||||||||
- | - | 537,227 | - | 907,681 | - | - | - | - |
Loss on Goldex mine (note 17) | ||||||||
- | - | - | - | 302,893 | - | - | - | - |
Gain on acquisition of Comaplex Minerals Corp. (note 10) | ||||||||
- | - | - | - | - | 64,508 | - | - | - |
Adjustment for settlement of environmental remediation | ||||||||
- | - | -9,081 | -21,449 | -7,616 | - | - | - | - |
Prepaid royalty | ||||||||
- | - | - | - | - | - | 13,321 | - | - |
Acquisition of Urastar Gold Corporation, net (note 14) | ||||||||
- | - | 10,051 | - | - | - | - | - | - |
Acquisition of Grayd Resource Corporation (note 10) | ||||||||
- | - | - | 9,322 | 163,047 | - | - | - | - |
(Increase) decrease in short-term investments | ||||||||
- | - | -6,273 | 1,920 | -5 | 3,262 | 3,313 | -78,770 | -91,272 |
Purchase of gold derivatives (note 9) | ||||||||
- | - | - | - | - | - | - | - | -15,875 |
Cash acquired on acquisition of Cumberland Resources Ltd. net of transaction costs (note 9) | ||||||||
- | - | - | - | - | - | - | - | 84,207 |
Recoverable value-added tax on acquisition of Pinos Altos property | ||||||||
- | - | - | - | - | - | - | - | 9,750 |
Sale of Stornoway Diamond Corporation debentures (note 11) | ||||||||
- | - | - | - | - | - | - | -10,720 | 8,519 |
Purchase of available-for-sale securities and warrants (note 8) | ||||||||
- | - | 59,804 | 2,713 | 91,115 | 42,479 | 6,380 | 113,225 | 13,079 |
Sale-leaseback financing | ||||||||
- | - | 10,928 | - | - | 14,017 | 21,389 | - | - |
Repurchase of common shares for restricted share unit plan (note 6) | ||||||||
- | - | 19,000 | 12,031 | 3,723 | 4,037 | - | - | - |
Warrants issued | ||||||||
- | - | - | - | - | - | - | 24,858 | - |