BALANCE SHEET HIGHLIGHTS
| Balance Sheet Highlights as at May 31 |
 Download (Excel) |
| |
|
|
|
|
|
| (thousand of US$ dollars ) |
|
2009 |
2008 |
2007 |
2006 |
|
| Assets |
|
|
|
|
|
| Current assets |
| Cash |
|
9,496 |
18,601 |
13,978 |
8,931 |
| Accounts receivable |
|
2,899 |
2,810 |
2,275 |
1,699 |
| Inventories |
|
17,642 |
16,749 |
8,484 |
8,108 |
| Prepaid expenses and other |
|
915 |
1,004 |
647 |
612 |
|
| Total current assets |
|
30,952 |
39,164 |
25,384 |
19,350 |
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|
| |
|
|
|
|
|
| Property plant and equipment and mineral properties |
|
16,953 |
29,681 |
30,714 |
27,334 |
| |
|
|
|
|
|
| Deferred exploration |
|
12,437 |
8,948 |
16,316 |
11,184 |
| |
| Future income tax assets |
|
3,001 |
5,375 |
2,387 |
1,855 |
| Restricted cash |
|
173 |
191 |
140 |
140 |
|
| Total Assets |
|
63,516 |
83,359 |
74,941 |
60,008 |
| |
|
| |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
| Current liabilities |
|
|
|
|
|
| Accounts payable and accrued liabilities |
|
7,354 |
8,816 |
6,238 |
5,076 |
| Current portion of long term debt |
|
37 |
2,275 |
1,231 |
2,058 |
| Restructure Plan |
|
250 |
0 |
0 |
0 |
| Unrealized fair value of derivatives |
|
464 |
0 |
0 |
2,317 |
|
| Total current liabilities |
|
8,105 |
11,091 |
7,469 |
9,451 |
| |
|
| |
|
|
|
|
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| Long term tax payable |
|
0 |
2,414 |
2,414 |
1,486 |
| Long term debt |
|
0 |
25 |
2,154 |
2,167 |
| Asset retirement obligation |
|
2,862 |
2,869 |
2,036 |
1,665 |
|
| Total Liabilities |
|
10,967 |
16,399 |
14,073 |
14,769 |
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| |
|
|
|
|
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| Capital stocks, warrants and convertible notes |
|
34,642 |
35,055 |
34,604 |
32,858 |
| Contributed surplus |
|
4,239 |
3,882 |
3,297 |
1,625 |
| Accumulated other comprehensive income |
|
(19) |
(19) |
(19) |
(19) |
| Retained earnings |
|
13,687 |
28,042 |
22,986 |
10,775 |
|
| Total shareholder's equity |
|
52,549 |
66,960 |
60,868 |
45,239 |
| |
|
| |
|
|
| Total liabilities and shareholder's equity |
|
63,516 |
83,359 |
74,941 |
60,008 |
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