PROPERTY, PLANT AND MINE DEVELOPMENT (Tables)

12 Months Ended

Dec. 31, 2011

PROPERTY, PLANT AND MINE DEVELOPMENT

Schedule of property, plant and mine development

	2011							2010
	Cost			Accumulated Amortization		Net Book Value		Cost			Accumulated Amortization		Net Book Value
Mining properties	$	1,228,523	⁽ⁱ⁾	$	111,567	$	1,116,956	$	1,885,476	⁽ⁱ⁾	$	44,823	$	1,840,653
Plant and equipment		2,467,300			437,706		2,029,594		2,123,191			321,907		1,801,284
Mine development costs		869,746			190,399		679,347		853,927			171,869		682,058
Construction in Progress:
LaRonde mine extension		—			—		—		185,905			—		185,905
Creston Mascota deposit at Pinos Altos		—			—		—		54,663			—		54,663
Meliadine project		69,458			—		69,458		—			—		—

	$	4,635,027		$	739,672	$	3,895,355	$	5,103,162		$	538,599	$	4,564,563

(i)

The decline in mining properties' cost between 2010 and 2011 is primarily attributed to the loss on Goldex mine (note 17) and the impairment loss on Meadowbank mine (note 18) recorded during 2011.

Schedule of property, plant and equipment, geographical information

	2011		2010

Canada	$	2,433,527	$	3,456,809
Europe		674,258		605,283
Latin America		776,892		500,211
USA		10,678		2,260

Total	$	3,895,355	$	4,564,563

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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