CASSIAR ASBESTOS CORPORATION LIMITED—TEN YEAR REVIEW

1970 Weis 1968
@resmined (tons). 3 eee er es 2,398,155 1,729,053 1,798,284
Ore and concentrate milled (tons) ............... 2,024,475 1,565,703 1,287,107
Waste removed (tons) ..............-...-.--:.=- 8,806,038 6,583,976 6,289,136
TEHLOVRS JOMOVANSSEl {KMS . pn op avconaocsesecesvococse 190,256 167,411 140,021
Ribre*solda (tons) ie core eee ecto 196,387 171,493 124,728
ASSO ES Ses aera ble ends EU eure lated See Nene eco. aaron $41,321,623 $37,188,930 $27,119,821
Profit before deducting the following ............. 16,471,450 14,997,704 11,794,325
Depreciation: Wace eR eee 3,939,274 3,436,982 3,136,853
Exploration and development written off .......... 4,011,864 3,107,799 2,085,080
ING HeanmimesibelOrentaxcs ini iin trian teen nar 8,520,312 8,452,923 6,572,392
IPrOVISION LOE CULLENt LAXCSi een eerie eee 760,000 2,165,000 1,395,000
Provision for deferred taxes .................--- 620,000 (375,000) 345,000
Net"earmings' eae. oh sree ery errr ce memes eh $ 7,140,312 $ 6,662,923 $ 4,832,392
INGE CAMMINGS joor GUMS 5 ..55.00cucvcsnecuecvvees $1.31 3 127) 92¢
Dividends declared per share ................-... 80¢ 60¢ 60¢
CAPITAL EXPENDITURES:
Land, plant and equipment ................. $ 9,901,130 $ 3,008,666 $ 4,356,990
Mine development — Cassiar ............... 3,516,559 2,555,898 2,307,866
— Clinton <u eae 2,073,600 1,396,342 2,196,969
Explorationwe = yen eh ae ees 334,584 182,760 66,948
BALANCE SHEET — At END OF FISCAL PERIOD:
Net working capital and investments .......... $ (118,687) $ (576,669) $(3,117,663)
Territorial Supply Company Limited ......... — ce — oF — .
Rlantgandseq tip imicnt en en eee era 54,454,456 45,643,198 42,921,458
Mining claims and land .................... 2,808,919 2,768,372 2,777,964
Defterredidevelopmentaner reir ee erirt 22,372,995 20,459,700 19,412,718
BO tala serse er ee care rear ee eee eee it ee 79,517,683 68,294,601 61,994,477
Deduct — Long term bank loan ............. — — ==
— Purchase contract payable ......... — — =
——IDrstemrecl (GES yo50ccansccudooons 10,175,000 9,555,000 9,930,000
— Accumulated depreciation ......... 19,821,513 16,972,111 13,811,866
— Minority interest in subsidiary ...... 299,780* 236,412* 232,956*
Shareholdersate quityal ee ei ie eran $49,221,390 $41,531,078 $38,019,655
Shares of capital stock issued at end of period ...... 5,500,000 5,252,500 5,252,500

* Included as subsidiary

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