CASSIAR ASBESTOS CORPORATION LIMITED — TEN YEAR REVIEW

1974 1973 1972
(Restated) (Restated)
@resminede (tons) yee ee eee ere 3,237,808 2,872,605 2,904,478
Ore and concentrate milled (tons) ............... 2,301,660 2,116,032 2,022,367 }
Waste removedm (toms))is anna pense ree eer 15,424,205 16,611,752 17,906,364
Ribreyproducede (toms) jesse ee ee 184,101 208,626 209,252
ibressolda(tons)) ees eee es ee ee ee 183,982 218,121 202,296
Bilbrec sales err ed ee eae $53,187,426 $49,611,809 $45,034,633
Profit before deducting the following ............. $20,427,368 $17,803,606 $17,951,374
Depreciation sree ee ee eer 9,706,587 4,768,177 4,589,820
Exploration and development written off .......... 12,906,561 8,606,955 6,363,396
Net earnings (loss) before taxes ................ (2,185,780) 4,428,474 6,998,158 |
Provisionstormeurrentutaxesuan nme eet ae 500,000 125,000 200,000 |
Provision for deferred taxes §-..2..-.222- 05 = oc (540,000) 1,435,000 2,655,000 |
INetearmings (LOSS) pees seer ee ar $ (2,145,780) $ 2,868,474 $ 4,143,158
Net earnings (loss) per share ................... (39¢) 52¢ 75¢
Dividends declared per share ..................... 15¢ 60¢ 70¢
CAPITAL EXPENDITURES:
Land, plant and equipment ................. $10,043,871 $ 3,567,310 $ 2,785,573
Mine development — Cassiar ............... 6,016,374 4,439,946 3,622,077
== Clinton eee eae 5,615,064 SSO SI7/ 5,636,806
Exploratlone en ee er ee ern aa 321,436 465,139 162,939
BALANCE SHEET —artT END OF FISCAL PERIOD:
Net working capital and investments .......... $ (1,173,159) $ 2,721,222 $ 2,965,525
Territorial Supply Company Limited ......... _— = — Be — si
Planteandcequipmentiam se eee 69,404,320 60,705,869 58,439,174
Mining claims and land ................-... 1,374,669 1,598,289 1,799,189
Deferrededevelopment) samen ssa ee 30,830,457 31,560,522 29,911,875
AG tal eee es en ene en ac eae ee 100,436,287 96,585,902 93,115,763
Deduct ——Lermy bank loam. 345 -e ee 2,000,000 3,000,000 4,000,000
— Purchase contract payable ......... — = —
De axesud Clerne dy mane wir a ime n a aur 15,920,000 16,460,000 15,025,000
— Accumulated depreciation ......... 36,900,899 28,539,734 25,073,069
— Minority interest in subsidiary ...... — — =
Shareholdersiequity..s see noe $45,615,388 $48,586,168 $49,017,694
Shares of capital stock issued at end of period ...... 5,500,000 5,500,000 5,500,000

* Included as subsidiary

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