PROPERTY, PLANT AND MINE DEVELOPMENT

3 Months Ended

Mar. 31, 2014

PROPERTY, PLANT AND MINE DEVELOPMENT

5. PROPERTY, PLANT AND MINE DEVELOPMENT

	As at March 31, 2014						As at December 31, 2013

	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Mining properties	$	1,371,625	$	103,268	$	1,268,357	$	1,361,867	$	89,700	$	1,272,167
Plant and equipment		2,486,339		718,617		1,767,722		2,286,887		662,394		1,624,493
Mine development costs		1,070,207		249,645		820,562		1,038,564		239,898		798,666
Construction in Progress:
Meliadine project		200,986		—		200,986		192,413		—		192,413
La India mine⁽ⁱ⁾		—		—		—		161,378		—		161,378

	$	5,129,157	$	1,071,530	$	4,057,627	$	5,041,109	$	991,992	$	4,049,117

Note:

(i)

Upon achieving commercial production at the La India mine in February 2014, related costs accumulated in construction in progress were reclassified to mine development costs within property, plant and mine development.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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