| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
OPERATING REVENUES | ||||||
542,800 | 482,200 | |||||
COST OF SALES | ||||||
Mining and processing | ||||||
315,600 | 297,000 | |||||
Royalties (note 20) | ||||||
15,600 | 13,300 | |||||
Amortization | ||||||
125,600 | 119,000 | |||||
Cost of sales | ||||||
456,800 | 429,300 | |||||
EXPENSES | ||||||
Exploration | ||||||
8,300 | 5,100 | |||||
Corporate and administrative | ||||||
15,500 | 16,300 | |||||
Share-based compensation (note 13) | ||||||
6,200 | 10,200 | |||||
Total expenses | ||||||
486,800 | 460,900 | |||||
EARNINGS FROM OPERATIONS | ||||||
56,000 | 21,300 | |||||
Finance expense | ||||||
9,100 | 24,000 | |||||
Foreign exchange loss | ||||||
5,000 | -12,500 | |||||
Other (loss) gain (note 14) | ||||||
-600 | 7,600 | |||||
Loss on redemption of senior secured notes (note 10) | ||||||
29,100 | 0 | |||||
EARNINGS (LOSS) BEFORE INCOME TAXES | ||||||
22,200 | -7,600 | |||||
INCOME TAXES (note 12) | ||||||
Current income tax expense | ||||||
11,900 | 3,800 | |||||
Deferred income tax recovery (expense) | ||||||
-16,300 | 6,500 | |||||
NET EARNINGS (LOSS) | ||||||
26,600 | -17,900 | |||||
Items that may be subsequently reclassified to net earnings: | ||||||
Realized disposition on equity securities, reclassified to net loss | ||||||
0 | -300 | |||||
Realized disposition on equity securities, reclassified to net loss | ||||||
0 | 5,100 | |||||
Gain on currency hedging instruments, net of taxes | ||||||
6,000 | 0 | |||||
Items that will not be reclassified to net earnings: | ||||||
Unrealized gains on equity securities, net of taxes | ||||||
6,600 | 0 | |||||
Total other comprehensive income | ||||||
12,600 | 4,800 | |||||
COMPREHENSIVE INCOME (LOSS) | ||||||
39,200 | -13,100 | |||||
EARNINGS (LOSS) PER SHARE (note 13) | ||||||
- basic (usd per share) | ||||||
0.09 | -0.07 | |||||
- diluted (usd per share) | ||||||
0.09 | -0.07 | |||||
Weighted average number of common shares outstanding (000's) | ||||||
- basic (in shares) | ||||||
305,521 | 265,234 | |||||
- diluted (in shares) | ||||||
309,021 | 265,234 | |||||