BALANCE SHEET HIGHLIGHTS
| (thousand of US$ dollars ) |
|
2007 |
2006 |
2005 |
2004 |
| |
|
|
|
|
|
| Assets |
|
|
|
|
|
| Current assets |
| Cash and cash equivalents |
|
13,978 |
8,931 |
5,501 |
4,971 |
| Accounts receivable |
|
2,275 |
1,699 |
1,785 |
1,442 |
| Inventories |
|
8,484 |
8,108 |
7,170 |
4,088 |
| Prepaid expenses and other |
|
647 |
612 |
722 |
668 |
| Total current assets |
|
25,384 |
19,350 |
15,178 |
11,169 |
| |
|
|
|
|
|
| Property plant and equipment |
|
30,714 |
27,334 |
20,243 |
5,034 |
| Deferred exploration |
|
16,316 |
11,184 |
5,088 |
9,665 |
| Future income tax assets |
|
2,387 |
1,855 |
1,787 |
|
| Other non-current assets |
|
140 |
285 |
355 |
126 |
| Total Assets |
|
74,941 |
60,008 |
42,651 |
25,994 |
| |
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
| Current liabilities |
|
|
|
|
|
| Accounts payable and accrued liabilities |
|
6,238 |
5,076 |
4,945 |
3,570 |
| Current portion of long term debt |
|
1,231 |
2,058 |
4,256 |
700 |
| Unrealized fair value of derivatives |
|
0 |
2,317 |
180 |
0 |
| Total current liabilities |
|
7,469 |
9,451 |
9,381 |
4,270 |
| |
|
|
|
|
|
| Long term tax payable |
|
2,414 |
1,486 |
0 |
0 |
| Long term debt |
|
2,154 |
2,167 |
391 |
0 |
| Asset retirement obligation |
|
2,036 |
1,665 |
1,558 |
1,363 |
| Total Liabilities |
|
14,073 |
14,769 |
11,330 |
5,633 |
| |
|
|
|
|
|
| Equity instruments |
|
34,604 |
32,858 |
29,571 |
20,817 |
| Contributed surplus |
|
3,297 |
1,625 |
1,577 |
881 |
| Accumulated other comprehensive income |
|
(19) |
(19) |
(19) |
(19) |
| Retained earnings |
|
22,986 |
10,775 |
192 |
(1,318) |
| Total shareholder's equity |
|
60,868 |
45,239 |
31,321 |
20,361 |
| |
|
|
|
|
|
| Total liabilities and shareholder's equity |
|
74,941 |
60,008 |
42,651 |
25,994 |
|
