| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Revenue (Note 14) | ||||||
675,000 | 610,200 | |||||
Cost of sales | ||||||
Costs of sales (Note 11) | ||||||
142,000 | 105,800 | |||||
Depletion and depreciation | ||||||
273,000 | 273,800 | |||||
Total cost of sales | ||||||
415,000 | 379,600 | |||||
Gross profit | ||||||
260,000 | 230,600 | |||||
Other operating expenses (income) | ||||||
Corporate administration | ||||||
21,300 | 20,700 | |||||
Business development | ||||||
3,600 | 3,400 | |||||
Impairment charges (Note 8(b)) | ||||||
0 | 67,500 | |||||
Gain on sale of royalty interest (Note 8(c)) | ||||||
- | 14,100 | |||||
Loss (gain) on sale of gold bullion | ||||||
300 | 2,300 | |||||
Total other operating expenses (income) | ||||||
-24,600 | -75,200 | |||||
Operating income | ||||||
235,400 | 155,400 | |||||
Foreign exchange gain (loss) and other income (expense) | ||||||
1,100 | 200 | |||||
Realized gain on investments | ||||||
2,000 | 12,400 | |||||
impairment of investment | ||||||
-4,500 | - | |||||
Income before finance items and income taxes | ||||||
234,000 | 168,000 | |||||
Finance items | ||||||
Finance income | ||||||
5,400 | 3,500 | |||||
Finance expenses | ||||||
3,400 | 3,600 | |||||
Net income before income taxes | ||||||
236,000 | 167,900 | |||||
Income tax expense (Note 13) | ||||||
41,300 | 45,700 | |||||
Net income | ||||||
194,700 | 122,200 | |||||
Other comprehensive income (loss) | ||||||
Items that may be reclassified subsequently to profit and loss: | ||||||
Unrealized gain in the fair value of available-for-sale investments, net of income tax expense of $6.1 (2016 - $5.3) (Note 6) | ||||||
38,400 | 52,900 | |||||
Reclassification of realized loss (gain) in fair value of available-for-sale investments, net of income tax recovery of $0.2 (2016 - income tax expense of $1.6) (Note 6) | ||||||
-2,400 | 10,600 | |||||
Currency translation adjustment | ||||||
77,200 | 21,300 | |||||
Items that will not be reclassified subsequently to profit and loss | ||||||
Other comprehensive income (loss) | ||||||
118,000 | 63,600 | |||||
Comprehensive income | ||||||
312,700 | 185,800 | |||||
Basic earnings per share (Note 15) (in dollars per share) | ||||||
1.06 | 0.70 | |||||
Diluted earnings per share (Note 15) (in dollars per share) | ||||||
1.06 | 0.69 | |||||