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Innovations such as the tele-remote load-haul-dump at Greens Creek and the automated shaft at Casa Berardi can increase productivity and safety, generating significant returns on investment.
FINANCIAL HIGHLIGHTS
(Dollars in thousands except in per-share and per-ounce amounts. As of December 31.)
FINANCIAL DATA
Sales of products
Gross profit
Cash flow provided by operating activities
Net income (loss)
Net income (loss) applicable to common shareholders Basic income (loss) per common share
Cash, cash equivalents, and short-term investments Capital expenditures
YEAR-END DATA
Common shares outstanding (in thousands)
Weighted average number of shares outstanding for the year – basic (in thousands) Employees
OPERATIONAL DATA
Silver production (oz)
Gold production (oz)
Lead production (tons)
Zinc production (tons)
Cost of sales and other direct production costs and
depreciation, depletion and amortization
All-in sustaining cost, after by-product credits, per silver ounce (1) All-in sustaining cost, after by-product credits, per gold ounce (1) Cash cost, after by-product credits, per silver ounce (2)
Cash cost, after by-product credits, per gold ounce (2)
$
2017
577,775 $ 156,986 115,878
(23,519) (24,071) (0.06)
219,865 105,393
399,176 397,394 1,431
12,484,844 232,684 22,733 55,107
420,789 $ 7.86 $ 1,174 $ (0.01) $ 820 $
2016
645,957 191,506 225,328
69,547 68,995 0.18 198,894 163,128
395,287 386,416 1,396
17,177,317 233,929 42,472 68,516
454,451 11.68 1,244 3.10 764
$ $ $ $ $
(1) All-insustainingcost(AISC),afterby-productcredits,isanon-GAAPmeasurement,areconciliationofwhichtocostofsalesandotherdirectproductioncostsanddepreciation, depletion and amortization, the closest GAAP measurement, can be found in the Reconciliation of Cost of Sales and Other Direct Production Costs and Depreciation, Depletion and Amortization (GAAP) to Cash Cost, Before By-product Credits and Cash Cost, After By-product Credits (non-GAAP) and All-In Sustaining Cost, Before By-product Credits and All-In Sustaining Cost, After By-product Credits (non-GAAP) section in the company’s Form 10-K. AISC, after by-product credits, includes cost of sales and other direct production costs, expenses for reclamation and exploration at the mines sites, corporate exploration related to sustaining operations, and all site sustaining capital costs. AISC, after by-product credits, is calculated net of depreciation, depletion, and amortization and by-product credits. 2016 is the first year this non-GAAP number has been reported.
(2) Cashcosts,afterby-productcredits,perounceofsilverandgoldrepresentanon-U.S.generallyacceptedaccountingprinciples(GAAP)measurement.Areconciliationofcashcosts, after by-product credits, to cost of sales and other direct production costs and depreciation, depletion and amortization (the most comparable GAAP measure) can be found in the Reconciliation of Cash Cost, Before By-product Credits, and Cash Cost, After By-product Credits (non-GAAP) to Cost of Sales and Other Direct Production Costs and Depreciation, Depletion and Amortization (GAAP) section in the company’s Form 10-K.
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