| Address:
|
145 KING STREET EAST
SUITE 400 |
| City: |
TORONTO |
|
State: |
|
|
Zip Code: |
M5C 2Y7 |
| Telephone: |
416-947-1212 |
|
Description of Business
|
Primary SIC Code:
1040 |
| (As filed with the SEC)
|
|
|
The Company is an established Canadian gold producer with mining operations
located in northwestern Quebec, mine construction projects in northwestern
Quebec, northern Finland, Nunavut and northern Mexico and exploration activities
in Canada, Finland, Mexico and the United States. The Company's operating
history includes over three decades of continuous gold production primarily from
underground operations. Since its formation in 1972, the Company has produced
over 5.0 million ounces of gold. For definitions of certain technical terms used
in the following discussion, see "- Property, Plant and Equipment - Mineral
Reserve and Mineral Resource".
The Company believes it is currently one of the lowest total cash costs per
ounce producers in the North American gold mining industry. In 2007, the Company
produced 230,992 ounces of gold at a total cash costs per ounce of minus $365,
that is, net of revenues received from the sale of silver, zinc and copper
byproducts. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | 0.65 | 0.180 | 87.57 | | 12/2008 | 0.50 | NA | 102.66 | | 09/2008 | 0.84 | NA | 65.56 | | 06/2008 | 0.82 | NA | 90.70 | | 03/2008 | 1.04 | 0.180 | 65.11 | | 12/2007 | 1.04 | NA | 52.53 | | 09/2007 | 0.88 | NA | 56.59 | | 06/2007 | 1.18 | NA | 30.93 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 0.03 | Total Liab/Total Assets | 0.25 | | Net Inc/Total Assets | 0.02 | Total Liab/Inv Cap | 0.27 | | Net Inc/Inv Cap | 0.02 | Total Liab/Comm Equity | 0.37 | | Pretax Inc/Net Sales | 0.25 | Interest Coverage Ratio | 33.52 | | Net Inc/Net Sales | 0.19 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.31 | LTD/Equity | 0.09 | | SG&A/NetSales | 0.12 | Total Debt/Equity | 0.09 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.31 | Quick Ratio | 1.63 | | Inventory Turnover | 4.76 | Current Ratio | 2.03 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.29 | | Net Sales/Work Cap | 2.14 | Inv/Curr Assets | 0.20 | | Net Sales/PP&E | 0.13 | | |
Income Statement (Millions) |
| |
12/31/2008
|
12/31/2007
|
12/31/2006
|
12/31/2005
|
|
Total Revenues(Net Sales)
|
380.66
|
461.44
|
510.55
|
246.33
|
|
Cost of Goods Sold
|
221.57
|
191.61
|
174.17
|
143.95
|
|
Selling & Admin Exps
|
47.19
|
41.37
|
29.64
|
11.73
|
|
Operating Income
|
75.77
|
200.70
|
281.48
|
49.20
|
|
Interest Exp
|
2.95
|
3.29
|
2.90
|
7.81
|
|
Pretax Income
|
95.99
|
159.28
|
260.64
|
36.63
|
|
Other Income
|
23.17
|
-38.13
|
-17.28
|
-4.76
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
73.17
|
139.35
|
161.34
|
36.99
|
|
Assets
|
12/31/2008
|
12/31/2007
|
12/31/2006
|
12/31/2005
|
|
Cash & Short Term Investments
|
169.76
|
434.03
|
497.38
|
146.44
|
|
Receivables - Total
|
100.99
|
128.91
|
21.41
|
11.51
|
|
Inventories - Total
|
69.90
|
23.20
|
17.28
|
23.84
|
|
Total Current Assets
|
351.29
|
606.09
|
622.83
|
243.34
|
|
Net Property, Plant & Equipment
|
2,997.50
|
2,107.06
|
859.86
|
661.20
|
|
Total Assets
|
3,378.82
|
2,735.50
|
1,521.49
|
976.07
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
141.31
|
124.80
|
71.94
|
43.85
|
|
Debt in Current Liabilities
|
9.88
|
9.71
|
NA
|
NA
|
|
Total Current Liabilities
|
173.06
|
134.51
|
71.94
|
43.85
|
|
Long-Term Debt
|
224.90
|
6.47
|
NA
|
140.76
|
|
Total Liabilities
|
861.07
|
676.56
|
269.08
|
321.00
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
2,299.75
|
1,931.67
|
1,230.65
|
764.66
|
|
Retained Earnings
|
157.54
|
112.24
|
3.02
|
-138.70
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
2,517.76
|
2,058.93
|
1,252.41
|
655.07
|
|
Total Liabilities and Stockholders' Equity
|
3,378.82
|
2,735.50
|
1,521.49
|
976.07
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2008
|
12/31/2007
|
12/31/2006
|
12/31/2005
|
|
Net Cash Provided by Operating Activities
|
118.08
|
229.19
|
226.25
|
82.98
|
|
Net Cash Provided by Investing Activities
|
-917.55
|
-360.18
|
-299.72
|
-66.54
|
|
Net Cash Provided by Financing Activities
|
561.17
|
130.73
|
298.58
|
11.69
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 188.70 | 47.88 | -- | | 12/2005 | 246.33 | 36.99 | 0.42 | | 12/2006 | 510.55 | 161.34 | 1.35 | | 12/2007 | 461.44 | 139.34 | 1.04 | | 12/2008 | 380.66 | 73.17 | 0.50 | | Growth Rates | 19.18 | 11.18 | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 272 | 111,024 | 71.19 |
|
Report Date :
6/23/2009
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