INCOME AND MINING TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME AND MINING TAXES

Income and mining taxes expense (recovery) as per geographic components

			Years Ended December 31,
			2012		2011			2010
Current income and mining taxes:
	Canada	$	8,750	$	62,382		$	34,217
	Mexico		33,531		3,496			1,942
	Finland		9,799		222			–
			52,080		66,100			36,159
Deferred income and mining taxes:
	Canada		26,041		(341,038	)		47,083
	Mexico		25,284		54,996			18,759
	Finland		20,820		10,269			1,086
			72,145		(275,773	)		66,928
Income and mining taxes		$	124,225	$	(209,673	)	$	103,087

Reconciliation of income tax rates

	2012	2011	2010
Combined federal and composite provincial tax rates	26.3%	27.8%	29.6%
Increase (decrease) in tax rates resulting from:
Provincial mining duties	3.6	5.9	6.8
Tax law changes	–	(2.7)	(5.1)
Impact of foreign tax rates	(1.5)	(0.2)	(0.5)
Permanent differences	1.0	(1.6)	(4.2)
Valuation allowances	1.2	(0.3)	(0.2)
Impact of changes in income tax rates	(2.1)	(2.0)	(2.7)
Actual rate as a percentage of pre-tax income	28.5%	26.9%	23.7%

Future income and mining tax liabilities

	Liabilities (Assets) as at December 31,
	2012		2011
Mining properties	$761,508		$704,379
Net operating and capital loss carryforwards	(102,005	)	(104,332	)
Mining duties	(36,158	)	(88,670	)
Reclamation provisions	(42,688	)	(51,926	)
Valuation allowance	30,570		39,121
Deferred income and mining tax liabilities	$611,227		$498,572

Reconciliation of the beginning and ending amount of unrecognized tax benefits

		2012	2011			2010
Unrecognized tax benefits, beginning of year	$	1,200	$1,630		$	5,608
Additions (reductions)		9,667	(430	)		(3,978	)
Unrecognized tax benefit, end of year	$	10,867	$1,200		$	1,630