CASH FLOW HIGHLIGHTS
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Cash Flow Highlights as of May 31 |
 Download (Excel) |
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(thousand of US$ dollars) |
2011 |
2010 |
2009 |
2008 |
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Operating activities |
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Net income for the period |
15,946 |
1,401
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(14,355) |
7,798 |
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Adjustments for: |
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Amortization, depletion and accretion |
8,219 |
9,562
|
19,926 |
15,724 |
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Exploration written off |
6,911 |
614
|
2,694 |
11,103 |
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Future Income taxes |
(967) |
(1,180)
|
(40) |
(2,988) |
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Fair value adjustment of derivatives |
- |
(464)
|
464 |
- |
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Stock based compensation |
713 |
407
|
345 |
792 |
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Asset sales |
(1,082) |
(1,466)
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Others |
5 |
147
|
370 |
636 |
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29,745 |
9,021 |
9,404 |
33,065 |
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Net change in non-cash working capital balances |
1,603 |
2,654 |
(2,355) |
(6,579) |
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31,348 |
11,675 |
7,049 |
26,486 |
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Financing activities |
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Proceeds from the issue of share capital |
236 |
50
|
- |
592 |
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Share repurchase |
- |
0
|
(401) |
(406) |
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Payments of borrowings net of drawdowns |
(19) |
(3)
|
(175) |
(188) |
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Dividends |
- |
-
|
- |
(2,742) |
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|
217 |
47 |
(576) |
(2,744) |
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Investing activities |
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Purchase of property, plant and equipment and development costs net of capital assets sale |
(15,956) |
(6,459) |
(5,472) |
(9,159) |
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Asset sales |
1,220 |
2,717 |
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Exploration expenditure |
(11,342) |
(8,785) |
(10,106) |
(9,960) |
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|
(26,078) |
(12,527) |
(15,578) |
(19,119) |
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Increase (decrease) in cash |
5,487 |
(805) |
(9,105) |
4,623 |
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Cash at beginning of period |
8,691 |
9,496 |
18,601 |
13,978 |
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Cash at end of period |
14,178 |
8,691 |
9,496 |
18,601 |
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