OTHER ASSETS

12 Months Ended

Dec. 31, 2013

OTHER ASSETS

OTHER ASSETS

2.   OTHER ASSETS

• (a)

  Other current assets

		As at December 31,
	2013		2012
Federal, provincial and other sales taxes receivable	$	71,053	$	36,400
Prepaid expenses		35,396		36,119
Insurance receivable		1,369		6,553
Receivables from employees		780		1,800
Retirement compensation arrangement plan refundable tax receivable		–		4,044
Other		8,395		8,061
	$	116,993	$	92,977

• (b)

  Available-for-sale securities

• • The Company's investments in available-for-sale securities consist primarily of investments in common shares of entities in the mining industry. The cost basis of available-for-sale securities is determined using the average cost method and they are carried at fair value. Detail on the Company's available-for-sale securities holdings is set out below:

		As at December 31,
	2013			2012
Available-for-sale securities in an unrealized gain position:
Cost (net of impairments)	$	30,583		$	4,352
Unrealized gains in accumulated other comprehensive loss		11,530			1,902
Estimated fair value		42,113			6,254
Available-for-sale securities in an unrealized loss position:
Cost (net of impairments)		39,933			48,047
Unrealized losses in accumulated other comprehensive loss		(7,465	)		(9,582	)
Estimated fair value		32,468			38,465
Total estimated fair value of available-for-sale securities	$	74,581		$	44,719

• • In 2013, the Company received proceeds of $0.2 million (2012 – $73.4 million; 2011 – $9.4 million) and recognized a gain before income taxes of $0.1 million (2012 – $9.7 million; 2011 – $4.9 million) on the sale of certain available-for-sale securities.

• • During the course of the year, certain available-for-sale securities fell into an unrealized loss position. In each case, the Company evaluated the near-term prospects of the issuers in relation to the severity and duration of the impairment. During the year ended December 31, 2013, the Company recorded a $34.3 million (2012 – $12.7 million; 2011 – $8.6 million) impairment loss on certain available-for-sale securities that were determined to be other-than-temporarily impaired.

    At December 31, 2013, the fair value of available-for-sale securities in an unrealized loss position was $32.5 million (December 31, 2012 – $38.5 million) with total unrealized losses in accumulated other comprehensive loss of $7.5 million (December 31, 2012 – $9.6 million). Based on an evaluation of the severity and duration of the impairment of these available-for-sale securities (less than three months) and on the Company's intent to hold the investments for a period of time sufficient for a recovery of fair value, the Company does not consider these available-for-sale securities to be other-than-temporarily impaired as at December 31, 2013.

  (c)

  Other assets

	As at December 31,
	2013	2012
Deferred financing costs, less accumulated amortization of $11,420 (December 31, 2012 – $8,888)	$12,644	$15,836
Long-term ore in stockpile(i)	46,191	32,711
Other	7,559	7,291
	$66,394	$55,838

Note:

(i)

Due to the ore body structures at the Pinos Altos, Kittila and Meadowbank mines, the Creston Mascota deposit at Pinos Altos and the La India project, a significant amount of drilling and blasting was undertaken early in their mine lives, resulting in long-term ore in stockpile. At December 31, 2013, long-term ore in stockpile was valued at $2.5 million (December 31, 2012 – $4.1 million) at the Pinos Altos mine, $26.7 million (December 31, 2012 – $7.7 million) at the Kittila mine, $7.8 million (December 31, 2012 – $10.2 million) at the Meadowbank mine, $8.2 million (December 31, 2012 – $10.7 million) at the Creston Mascota deposit at Pinos Altos and $1.0 million (December 31, 2012 – nil) at the La India project.