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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating activities        
Net income for the period $ 68,825 $ 100,360 $ 114,089 $ 122,692
Add (deduct) items not affecting cash:        
Amortization of property, plant and mine development 59,235 44,003 121,164 74,506
Future income and mining taxes 17,035 431 25,914 13,526
Gain on sale of available-for-sale securities and derivative financial instruments (534) (3,716) (6,962) (4,175)
Stock-based compensation 10,465 11,167 27,768 26,335
Foreign currency translation loss (gain) 2,713 (17,427) 16,778 (8,526)
Other 3,957 4,081 9,892 7,072
Changes in non-cash working capital balances        
Trade receivables 6,745 7,826 48,128 28,216
Income taxes payable 550 10,771 (12,507) 14,695
Other taxes recoverable 7,618 (8,985) 19,439 (10,181)
Inventories (37,667) (16,068) (54,262) (41,610)
Other current assets (17,143) (7,918) (24,498) (10,604)
Interest payable (10,705) 8,562 65 8,223
Accounts payable and accrued liabilities 51,727 28,487 48,856 15,896
Cash provided by operating activities 162,821 161,574 333,864 236,065
Investing activities        
Additions to property, plant and mine development (114,402) (117,017) (211,251) (229,580)
Decrease in short-term investments 1,904 166 4,105 174
Net proceeds on sale of available-for-sale securities and other 566 916 9,330 1,381
Purchases of available-for-sale securities (2,720) (183) (7,285) (6,290)
Increase in restricted cash (1,521) (708) (1,029) (1,840)
Cash used in investing activities (116,173) (116,826) (206,130) (236,155)
Financing activities        
Dividends paid (23,313)   (49,133) (26,830)
Repayment of capital lease obligations (4,186) (8,573) (7,239) (10,112)
Proceeds from long-term debt 80,000 1,101,000 80,000 1,201,000
Repayment of long-term debt (80,000) (1,101,000) (130,000) (1,181,000)
Sale-leaseback financing       3,005
Credit facility financing cost   (12,488)   (12,488)
Proceeds from common shares issued 5,319 10,639 15,350 14,357
Cash used in financing activities (22,180) (10,422) (91,022) (12,068)
Effect of exchange rate changes on cash and cash equivalents 49 (134) 678 (315)
Net increase (decrease) in cash and cash equivalents during the period 24,517 34,192 37,390 (12,473)
Cash and cash equivalents, beginning of period 108,433 113,615 95,560 160,280
Cash and cash equivalents, end of period 132,950 147,807 132,950 147,807
Supplemental cash flow information:        
Interest paid 23,075 4,708 26,304 13,430
Income, mining and capital taxes paid $ 14,537   $ 49,756 $ 1,497