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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Revenues from mining operations $ 433,691 $ 347,456 $ 845,759 $ 585,039
COSTS AND EXPENSES        
Production 212,754 166,573 411,321 284,800
Exploration and corporate development 17,289 12,955 34,267 20,459
Amortization of property, plant and mine development 59,235 44,003 121,164 74,506
General and administrative (note 12) 24,122 23,240 59,274 51,670
Provincial capital tax   742   155
Interest 13,989 15,309 27,997 19,813
Gain on derivative financial instruments (note 9) (981) (6,395) (2,332) (7,162)
Interest and sundry income (note 10) 224 (93) (24) (153)
Gain on sale of available-for-sale securities (note 7) (420)   (4,814) (346)
Foreign currency translation loss (gain) 2,713 (17,427) 16,778 (8,526)
Income before income, mining and federal capital taxes 104,766 108,549 182,128 149,823
Income and mining tax expense 35,941 8,189 68,039 27,131
Net income for the period 68,825 100,360 114,089 122,692
Net income per share - basic (in dollars per share) $ 0.41 $ 0.64 $ 0.68 $ 0.78
Net income per share - diluted (in dollars per share) $ 0.40 $ 0.63 $ 0.66 $ 0.77
Weighted average number of common shares outstanding (in thousands)        
Basic (in shares) 169,029,450 156,899,468 168,948,799 156,789,221
Diluted (in shares) 172,448,127 159,920,213 172,631,790 159,584,740
Comprehensive income:        
Net income for the period 68,825 100,360 114,089 122,692
Other comprehensive income (loss):        
Unrealized gain (loss) on available-for-sale securities (3,492) 23,343 3,575 32,971
Adjustments for realized gain on available-for-sale securities due to dispositions and write-downs during the period (420)   (4,814) (346)
Amortization of unrecognized gain (loss) on pension liability 110 (47) 220 (94)
Tax effect of other comprehensive income items 535 12 (45) 24
Other comprehensive income (loss) for the period (3,267) 23,308 (1,064) 32,555
Comprehensive income for the period $ 65,558 $ 123,668 $ 113,025 $ 155,247