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(c) Cash and cash equivalents
At December 31, 2012 Company's cash balances are restricted by $652,000 for contractor holdbacks (December 31, 2011 - $134,000 for subsidiary's outstanding letters of credit).
7. Share capital:
The transactions in share capital are described below:
-------------------------------------------------------------------------------------------------------------------------------------------------------- Number -------------------------------- Class A Class B Total Amount----------------------------------------------------------------------------Balance, December 31, 2010 46,337,676 1,015,779 47,353,455 $289,442Shares issued on exercise of options 287,000 - 287,000 1,370Share issuance, net of share issue costs and income tax benefit 8,222,500 - 8,222,500 55,553----------------------------------------------------------------------------Balance, December 31, 2011 and December 31, 2012 54,847,176 1,015,779 55,862,955 $346,365--------------------------------------------------------------------------------------------------------------------------------------------------------On April 8, 2011 the Company closed a public offering of 8,222,500 Class ASubordinate Voting shares at a price of $7.00 per share for netcash proceeds of $54,886,000.
8. Depreciation, depletion and amortization:
Depreciation, depletion and amortization can be allocated by function as follows:
-------------------------------------------------------------------------------------------------------------------------------------------------------- 3 Months 3 Months Year ended Year ended Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2012 2011 2012 2011----------------------------------------------------------------------------Production $ 14,848 $ 12,722 $ 51,471 $ 50,644Selling and administration 245 237 922 910---------------------------------------------------------------------------- $ 15,093 $ 12,959 $ 52,393 $ 51,554--------------------------------------------------------------------------------------------------------------------------------------------------------
9. Restructuring costs:
-------------------------------------------------------------------------------------------------------------------------------------------------------- 3 Months 3 Months Year ended Year ended Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2012 2011 2012 2011----------------------------------------------------------------------------Severance costs (recovery) $ 339 $ (104) $ 724 $ 265Plant, equipment and road impairments (reversal) 35 - 164 (423)Contractor buyout - - - 840Other recovery (91) - (359) (102)---------------------------------------------------------------------------- $ 283 $ (104) $ 529 $ 580--------------------------------------------------------------------------------------------------------------------------------------------------------
