CONSOLIDATED CASHFLOW STATEMENT

9 months

9 months

ended

ended

30 Sep

30 Sep

US$000

2008

2007

Profit before income tax
Adjustment for non-cash items
Effects of changes in operating working capital items

56 242
31 095
(45 054)

44 578
24 218
(29 126)

   Receivables

6 690

(15 505)

   Inventories and ore stockpiles

(24 560)

(10 312)

   Accounts payable and accrued liabilities

(27 184)

(3 309)

Income tax paid

(5 169)

(9 178)

Net cash generated from operating activities

37 114

30 492

Acquisition of property, plant and equipment

(57 449)

(37 998)

Net cash used by investing activities

(57 449)

(37 998)

Proceeds from issue of ordinary shares
Decrease in long term loans

2 446
(2 775)

4 324
(2 214)

Dividends paid to company’s shareholders

(9 154)

(6 874)

Net cash generated by financing activities

(9 483)

(4 764)

Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of period

(29 818)
294 183

(12 270)
143 356

Cash and cash equivalents at end of period

264 365

131 086