| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net earnings | ||||||
510,500 | 61,800 | |||||
Adjustments for: | ||||||
Finance costs | ||||||
10,900 | 25,200 | |||||
Depreciation expense | ||||||
266,000 | 263,500 | |||||
Derivative (gain) loss | ||||||
6,900 | -3,000 | |||||
Income taxes | ||||||
97,600 | 33,400 | |||||
Interest income | ||||||
9,400 | 3,300 | |||||
Reversal of impairment charges | ||||||
-524,100 | 0 | |||||
Gain on sale of a 30% interest in the Cote Gold Project | ||||||
19,200 | 0 | |||||
Share of net earnings from investments in associates and incorporated joint ventures, net of income taxes | ||||||
15,000 | 6,100 | |||||
Write-down of inventories | ||||||
14,200 | 5,700 | |||||
Loss on redemption of Senior Notes | ||||||
-20,200 | 4,000 | |||||
Gain on sale of gold bullion | ||||||
0 | 72,900 | |||||
Effects of exchange rate fluctuation on cash and cash equivalents | ||||||
11,400 | -600 | |||||
Other non-cash items | ||||||
12,100 | -2,200 | |||||
Adjustments for cash items: | ||||||
Dividends from joint venture | ||||||
2,100 | 11,300 | |||||
Settlement of derivatives | ||||||
-1,400 | 9,500 | |||||
Disbursements related to asset retirement obligations | ||||||
5,000 | 2,700 | |||||
Movements in non-cash working capital items and non-current ore stockpiles | ||||||
-1,300 | -19,600 | |||||
Cash from operating activities, before income tax paid | ||||||
345,300 | 327,400 | |||||
Income taxes paid | ||||||
50,000 | 16,300 | |||||
Net cash from operating activities | ||||||
295,300 | 311,100 | |||||
Investing activities | ||||||
Capital expenditures for property, plant and equipment | ||||||
197,000 | 269,500 | |||||
Capitalized borrowing costs | ||||||
24,100 | 17,300 | |||||
Purchase of short-term investments | ||||||
127,200 | 0 | |||||
Net proceeds from sale of a 30% interest in the Cote Gold Project | ||||||
96,500 | 0 | |||||
Decrease (increase) in restricted cash | ||||||
88,100 | -33,600 | |||||
Capital expenditures for exploration and evaluation assets | ||||||
13,400 | 4,100 | |||||
Interest received | ||||||
7,700 | 3,300 | |||||
Acquisition of Saramacca exploration and evaluation asset | ||||||
5,000 | 10,000 | |||||
Purchase of additional common shares of associate | ||||||
7,400 | 0 | |||||
Proceeds from sale of gold bullion | ||||||
0 | 170,300 | |||||
Other investing activities | ||||||
4,400 | -500 | |||||
Net cash used in investing activities | ||||||
-177,400 | -161,400 | |||||
Financing activities | ||||||
Net proceeds from issuance of 7% Senior Notes | ||||||
393,600 | 0 | |||||
Redemption of 6.75% Senior notes and purchase of 6.75% Senior notes | ||||||
505,600 | 141,500 | |||||
Proceeds from issuance of flow-through shares | ||||||
15,100 | 43,600 | |||||
Proceeds from issuance of shares | ||||||
0 | 220,100 | |||||
Interest paid | ||||||
8,600 | 24,600 | |||||
Repayment of credit facility | ||||||
0 | 70,000 | |||||
Long-term prepayment for finance lease | ||||||
4,900 | 0 | |||||
Other financing activities | ||||||
-6,800 | -5,700 | |||||
Net cash from (used in) financing activities | ||||||
-117,200 | 21,900 | |||||
Effects of exchange rate fluctuation on cash and cash equivalents | ||||||
11,400 | -600 | |||||
Increase in cash and cash equivalents | ||||||
12,100 | 171,000 | |||||