(1) Adjusted net earnings, adjusted basic earnings per share, adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA"), and growth and sustaining capital expenditures are not defined measures under International Financial Reporting Standards ("IFRS"). Presenting these measures from period to period helps management and investors evaluate earnings and cash flow trends more readily in comparison with results from prior periods. Refer to the "Non-GAAP Financial Measures" section of the management's discussion and analysis for the year ended December 31, 2012 (the "MD&A") for further discussion of these items, including reconciliations to net earnings attributable to common shareholders and earnings before income taxes.
Key Financial and Operational Highlights----------------------------------------------------------------------------$ millions, except where noted Three Months Twelve Months ---------------- -----------------Ended December 31, 2012 2011 2012 2011----------------------------------------------------------------------------Revenue 103.1 88.5 384.7 338.5Gross profit 39.2 39.1 157.0 131.8Earnings before income taxes 16.2 16.6 49.7 88.6Net earnings attributable to common shareholders 14.7 22.7 54.4 86.1Basic earnings per share 0.12 0.18 0.43 0.69Adjusted EBITDA (1) 37.7 37.0 124.6 117.5Adjusted net earnings (1) 21.5 31.9 80.9 80.1Adjusted basic earnings per share (1) 0.17 0.25 0.65 0.64Cash flow provided from operating activities, before changes in non-cash working capital 30.7 41.8 121.1 123.6Concentrate produced (mt) 32,428 43,151 135,809 125,253Metals in concentrate produced: Gold (ounces) 32,667 41,044 142,474 120,757 Copper ('000s pounds) 10,884 13,928 45,171 39,794 Zinc ('000s pounds) 2,880 5,130 15,425 19,585 Silver (ounces) 143,501 177,870 665,857 670,819NCS - concentrate smelted (mt) 45,823 47,588 159,356 180,403Deliveries of concentrates (mt) 35,261 36,864 136,948 123,789Payable metals in concentrate sold: Gold (ounces) 35,815 31,434 134,848 110,026 Copper ('000s pounds) 10,981 11,324 42,104 36,838 Zinc ('000s pounds) 3,082 2,826 14,204 16,898 Silver (ounces) 180,155 117,254 547,193 595,914Cash cost of sales per ounce of gold sold, net of by-product credits ($) (1) 193 (151) 117 (63)----------------------------------------------------------------------------(1) Adjusted EBITDA; adjusted net earnings; adjusted basic earnings per share; and cash cost of sales per ounce of gold sold, net of by-product credits are not defined measures under IFRS. Refer to the MD&A for reconciliations to IFRS measures.DPM's annual audited consolidated financial statements, and MD&A for the fourth quarter and year ended December 31, 2012, are posted on the Company's website at www.dundeeprecious.com and have been filed on Sedar at www.sedar.com.
