|
|
Consolidated Balance Sheets
As at June 30
Expressed in thousands of United States dollars
| |
|
2006 |
|
2005 |
| |
|
|
|
|
ASSETS |
|
|
|
|
CURRENT |
|
|
|
|
Cash |
$ |
82,482 |
$ |
36,722 |
Restricted cash |
|
7,271 |
|
1,077 |
Accounts receivable |
|
4,699 |
|
3,147 |
Prepaid expenses and deposits |
|
1,999 |
|
1,085 |
Inventories and stockpiled ore (Note 4) |
|
25,008 |
|
6,043 |
Investment in Barberton Mines Limited (Note 5) |
|
5,242 |
|
6,632 |
Investment in Golden Star Resources Limited (Note 6) |
|
2,681 |
|
- |
| |
|
129,382 |
|
54,706 |
| |
|
|
|
|
MINING INTERESTS (Note 7(a)) |
|
551,605 |
|
39,420 |
PROPERTY, PLANT AND EQUIPMENT (Note 7(b)) |
|
107,877 |
|
15,966 |
OTHER MINERAL PROPERTY INTERESTS (Note 8) |
|
2,330 |
|
3,456 |
OTHER ASSETS (Note 20) |
|
13,474 |
|
2,196 |
| |
$ |
804,668 |
$ |
115,744 |
| LIABILITIES |
|
|
|
|
CURRENT |
|
|
|
|
Accounts payable and accrued liabilities |
$ |
42,825 |
$ |
11,899 |
Short-term portion of convertible bonds (Note 10(b)) |
|
2,933 |
|
- |
| |
$ |
45,758 |
$ |
11,899 |
| |
|
|
|
|
RECLAMATION AND CLOSURE COST OBLIGATIONS (Note 9) |
|
1,717 |
|
570 |
CONVERTIBLE BONDS (Note 10 (a)) |
|
194,567 |
|
3,113 |
OTHER LONG-TERM DEBT (Note 11) |
|
125,993 |
|
22,868 |
CAPITAL LEASE OBLIGATION |
|
- |
|
343 |
FUTURE INCOME TAXES (Note 12) |
|
134,648 |
|
2,717 |
NON-CONTROLLING INTERESTS |
|
35 |
|
940 |
| |
|
502,718 |
|
42,450 |
| SHAREHOLDERS’ EQUITY |
|
|
|
|
Share capital (Note 13) |
$ |
400,057 |
$ |
152,077 |
Equity component of convertible bonds (Notes 10(a), 10(b)) |
|
15,676 |
|
76 |
Contributed surplus |
|
2,302 |
|
548 |
Cumulative translation adjustment (Note 14) |
|
581 |
|
1,663 |
Deficit |
|
(116,666) |
|
(81,070) |
| |
|
301,950 |
|
73,294 |
| |
$ |
804,668 |
$ |
115,744 |
| CONTINUING OPERATIONS (Note 1) |
|
|
|
|
COMMITMENTS AND CONTINGENCIES (Notes 15 and 16) |
|
|
|
|
SUBSEQUENT EVENTS (note 22) |
|
|
|
|
ON BEHALF OF THE BOARD:
| Simon J. Russell |
Jan A. Vestrum |
| Director |
Director |
|
