INCOME STATEMENT HIGHLIGHTS
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Income Statement Highlights as of May 31 |
 Download (Excel) |
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(thousand of US$ dollars, except for EPS and weighted average number of shares) |
2011 |
2010 |
2009 |
2008 |
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Net Sales |
78,734 |
59,613 |
63,376 |
79,061 |
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Operating expenses |
(43,950) |
(46,949) |
(51,354) |
(38,947) |
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Amortization and depletion |
(8,219) |
(9,562) |
(19,926) |
(15,724) |
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Total operating expenses |
(52,169) |
(56,511) |
(71,280) |
(54,671) |
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Sub-total |
26,565 |
3,102 |
(7,904) |
24,390 |
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Other expenses (income) |
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Stock based compensation expense |
(713) |
(407) |
(345) |
(792) |
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Fair value adjustment for derivatives |
(212) |
355 |
(464) |
- |
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Exploration expenses written off |
(7,929) |
(614) |
(2,694) |
(11,103) |
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General and administrative expense |
(3,742) |
(3,593) |
(3,809) |
(4,605) |
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Net interest and debt accretion income (loss) |
(269) |
(249) |
(121) |
(371) |
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Other income |
2,304 |
1,620 |
255 |
923 |
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Foreign exchange |
(2) |
(116) |
48 |
238 |
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(10,563) |
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(7,130) |
(15,710) |
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Income before taxes |
16,002 |
98 |
(15,034) |
8,680 |
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Current income taxes provision |
(1,023) |
123 |
639 |
(3,870) |
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Future income taxes loss (recovery) |
967 |
1,180 |
40 |
2,988 |
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Net income for the period |
15,946 |
1,401 |
(14,355) |
7,798 |
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Retained earnings, beginning of period |
15,088 |
13,687
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28,042 |
22,986 |
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Dividend distribution |
- |
-
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- |
(2,742) |
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Retained earnings, end of period |
31,034 |
15,088 |
13,687 |
28,042 |
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Basic earnings per share |
$ 0.24 |
$0.03 |
$(0.29) |
$0.16 |
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Diluted earnings per share |
$ 0.24 |
$0.03 |
$(0.29) |
$0.16 |
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Basic weighted average no. of shares |
65,039,779 |
55,296,537
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48,671,435 |
48,911,779 |
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Diluted weighted average no. of shares |
65,668,435 |
55,322,243
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48,848,803 |
48,924,272 |
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