1984

1983

WORKING CAPITAL PROVIDED
Profit (Loss) before extraordinary items
Items not affecting working capital:
Depletion and depreciation
Deferred income and mining taxes
Other

Working capital provided by operations

Proceeds from sale of long-term investments
Proceeds from disposal of property and equipment
P.I.P. Grant

Issue of common shares

Discontinued operations

Other

Total working capital provided
WORKING CAPITAL APPLIED
Property, plant and equipment
Long-term investments
Reduction of long-term debt
Dividends on preferred shares
Redemption of preferred shares
Total working capital applied
INCREASE (DECREASE) IN WORKING CAPITAL
WORKING CAPITAL AT BEGINNING OF YEAR

WORKING CAPITAL AT END OF YEAR

(in thousands)

See accompanying notes

$ 4,921 $ (5,641)
21,237 22,286
949 (1,277)
228 283
27,335 15,651
548 =
875 1,012

_ 832
1,375 _
= (1,086)

21 583
30,154 16,992
10,919 16,798
50 67
14,000 11,000
_ 20

— 607
24,969 28,492
5,185 (11,500)
177 11,677

$ 5,362 $ 177

1984

1983

RETAINED EARNINGS (DEFICIT) AT BEGINNING OF YEAR

NET PROFIT (LOSS) FOR THE YEAR

DIVIDENDS ON PREFERRED SHARES
DEFICIT AT END OF YEAR

(in thousands)

See accompanying notes

$ (8,674) $ 11,427
71 (20,081)
(8,603) (8,654)

OE ce 20
$ (8,603) _ $ (8,674)