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Consolidated statements of operations
(unaudited, expressed in millions of United States dollars, except per share and share amounts)---------------------------------------------------------------------------- Three months ended March 31, March 31, 2013 2012 ------------------------Revenue Metal sales $ 1,058.1 $ 1,005.1Cost of sales Production cost of sales 475.7 451.7 Depreciation, depletion and amortization 227.7 142.5 ------------------------Total cost of sales 703.4 594.2 ------------------------Gross profit 354.7 410.9 ------------------------ Other operating expense 24.5 11.5 Exploration and business development 39.8 58.5 General and administrative 39.5 39.7 ------------------------Operating earnings 250.9 301.2 ------------------------ Other income (expense) - net (8.5) 12.5 Equity in losses of associate and joint venture (0.9) - Finance income 2.0 1.0 Finance expense (8.6) (9.8) ------------------------Earnings before taxes 234.9 304.9 Income tax expense - net (72.8) (214.1) ------------------------Earnings from continuing operations after tax 162.1 90.8Earnings from discontinued operations after tax - 6.1 ------------------------ ------------------------Net earnings $ 162.1 $ 96.9 ------------------------ ------------------------Net earnings (loss) from continuing operations attributable to: Non-controlling interest $ 1.6 $ (8.8) ------------------------ ------------------------ Common shareholders $ 160.5 $ 99.6 ------------------------ ------------------------Net earnings (loss) attributable to: ------------------------ ------------------------ Non-controlling interest $ 1.6 $ (8.8) ------------------------ ------------------------ Common shareholders $ 160.5 $ 105.7 ------------------------ ------------------------Earnings per share from continuing operations attributable to common shareholders Basic $ 0.14 $ 0.09 Diluted $ 0.14 $ 0.09Earnings per share attributable to common shareholders Basic $ 0.14 $ 0.09 Diluted $ 0.14 $ 0.09Weighted average number of common shares outstanding (millions) Basic 1,140.6 1,138.1 Diluted 1,147.2 1,143.6----------------------------------------------------------------------------
