| Sep'17 | Sep'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net earnings | ||||||
32,600 | 21,100 | |||||
Adjustments for: | ||||||
Finance costs | ||||||
2,100 | 6,300 | |||||
Depreciation expense | ||||||
62,400 | 69,700 | |||||
Income taxes | ||||||
5,100 | 14,400 | |||||
Interest income | ||||||
2,500 | 800 | |||||
Reversal of impairment charges | ||||||
0 | 0 | |||||
Gain on sale of a 30% interest in the Cote Gold Project | ||||||
0 | 0 | |||||
Share of net earnings from investments in associates and incorporated joint ventures, net of income taxes | ||||||
3,600 | 2,500 | |||||
Write-down of inventories | ||||||
1,900 | 0 | |||||
Loss on redemption of Senior Notes | ||||||
0 | 4,000 | |||||
Gain on sale of gold bullion | ||||||
0 | 0 | |||||
Effects of exchange rate fluctuation on restricted cash | ||||||
300 | -600 | |||||
Effects of exchange rate fluctuation on cash and cash equivalents | ||||||
6,000 | 400 | |||||
Other non-cash items | ||||||
-6,200 | -4,200 | |||||
Adjustments for cash items: | ||||||
Dividends from joint venture | ||||||
2,100 | 11,300 | |||||
Settlement of derivatives | ||||||
600 | 200 | |||||
Disbursements related to asset retirement obligations | ||||||
1,300 | 900 | |||||
Movements in non-cash working capital items and non-current ore stockpiles | ||||||
-3,500 | -14,500 | |||||
Cash from operating activities, before income tax paid | ||||||
89,200 | 128,900 | |||||
Income taxes paid | ||||||
12,200 | 3,100 | |||||
Net cash from operating activities | ||||||
77,000 | 125,800 | |||||
Investing activities | ||||||
Capital expenditures for property, plant and equipment | ||||||
41,000 | 71,900 | |||||
Capitalized borrowing costs | ||||||
0 | 9,900 | |||||
Purchase of short-term investments | ||||||
227,000 | 0 | |||||
Net proceeds from sale of a 30% interest in the Cote Gold Project | ||||||
0 | 0 | |||||
Decrease (increase) in restricted cash | ||||||
0 | -40,500 | |||||
Capital expenditures for exploration and evaluation assets | ||||||
3,700 | 500 | |||||
Interest received | ||||||
1,700 | 800 | |||||
Purchase of additional common shares of associate | ||||||
0 | 0 | |||||
Proceeds from sale of gold bullion | ||||||
0 | 0 | |||||
Other investing activities | ||||||
-2,000 | 1,300 | |||||
Net cash used in investing activities | ||||||
-272,000 | -120,700 | |||||
Financing activities | ||||||
Net proceeds from issuance of 7% Senior Notes | ||||||
0 | 0 | |||||
Redemption of 6.75% Senior notes and purchase of 6.75% Senior notes | ||||||
0 | 141,500 | |||||
Proceeds from issuance of flow-through shares | ||||||
0 | 0 | |||||
Proceeds from issuance of shares | ||||||
0 | 220,100 | |||||
Interest paid | ||||||
0 | 10,400 | |||||
Repayment of credit facility | ||||||
0 | 0 | |||||
Long-term prepayment for finance lease | ||||||
0 | 0 | |||||
Other financing activities | ||||||
-3,600 | -600 | |||||
Net cash from (used in) financing activities | ||||||
-3,600 | 67,600 | |||||
Effects of exchange rate fluctuation on cash and cash equivalents | ||||||
6,000 | 400 | |||||
Increase in cash and cash equivalents | ||||||
-192,600 | 73,100 | |||||