SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2012

SHAREHOLDERS' EQUITY

Schedule of maximum number of common shares that would be outstanding if All instruments outstanding were exercised

Common shares outstanding at March 31, 2012	171,194,430
Employees' stock options	11,647,901
Warrants	8,600,000
Restricted share unit plan	314,100
	191,756,431

Schedule of changes in common stock outstanding

	Number of Shares			$ Amount
Common shares outstanding, beginning of period		170,813,736		$	3,181,381
Shares issued under incentive share purchase plan		160,207			5,346
Shares issued under dividend reinvestment plan		105,678			3,607
Shares issued on acquisition of Grayd Resource Corporation		68,941			2,447
RSU plan		(268,232	)		(9,858	)
Common shares outstanding, end of period		170,880,330		$	3,182,923

Schedule of reconciliation for weighted average number of common shares in calculation of basic and diluted income per share

		Three Months Ended March 31,
		2012		2011
Net income for the period		$	78,548	$	45,264
Weighted average number of common shares outstanding — basic (in thousands)			170,837		168,853
	Add: Dilutive impact of employee stock options		—		1,155
	Dilutive impact of warrants		—		2,773
	Dilutive impact of shares related to RSU plan		180		82
Weighted average number of common shares outstanding — diluted (in thousands)			171,017		172,863
Net income per share — basic		$	0.46	$	0.27
Net income per share — diluted		$	0.46	$	0.26