Notes to the Financial Statements
91
Notes to the Financial Statements
continued
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17. Provisions Note
2013 
$’000
2012 
$’000
Current
Employee benefits 24 3,797 2,993
Total provisions – current 3,797 2,993
Non-current
Restoration and rehabilitation 28,180 14,899
Employee benefits 24 5,416 4,482
Total provisions – non-current 33,596 19,381
Movements in the restoration and rehabilitation provision:
Restoration and rehabilitation
At the beginning of the financial year 14,899 8,943
Revision of rehabilitation provision 10,979 5,445
Unwind of discount rate for provision 839 390
Foreign currency exchange differences 1,463 121
At the end of the financial year 28,180 14,899
18. Contributed Equity
2013 
Shares
2012 
Shares
2013 
$’000
2012 
$’000
Opening balance 151,263,789 135,274,823 599,618 482,874
Exercise of options – 193,536 – 1,397
Dividend reinvestment plan 761,448 412,835 3,330 2,929
Institutional share placement – 9,859,155 – 70,000
Issue of ordinary shares related to Bowdens acquisition –  3,440,367 –  30,000 
Issue of ordinary shares as part consideration for the settlement of a legal dispute 166,668  333,332 1,512 3,024 
Issue of ordinary shares related to loan facility repayment – 1,749,741 – 11,652
Options expired / lapsed – – 1,044 –
Share issue costs – – – (2,258)
Closing balance 152,191,905 151,263,789 605,504 599,618
a) Dividend reinvestment plan
Under the dividend reinvestment plan 761,448 fully paid ordinary shares were issued during the year (2012: 412,835).
b) Capital risk management
The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern, so as to maintain a strong capital base 
sufficient to maintain future exploration and development of its projects. In order to maintain or adjust the capital structure, the Group may return capital 
to shareholders, issue new shares or sell assets to reduce debt. The Group’s focus has been to utilise surplus cash from operations and raise additional funds 
from debt capital markets to fund capital investment at Chatree and Challenger, working capital and exploration and evaluation activities, including the 
Nueva Esperanza Project in Chile and Bowdens Silver Project in New South Wales.