The much-anticipated ramp-up of high-value production at the Ekati mine, together with steady performance at Diavik, is driving growth in gross margins and Adjusted EBITDA. Dominion ended the year well positioned to advance its suite of development projects with internally generated cash flows.
A strong balance sheet supports the company’s capital allocation strategy. At January 31, 2017, we had $136.2 million in total unrestricted cash and cash equivalents, debt of $10.6 million, and $210 million available under a corporate revolving credit facility. In fiscal 2017, we returned $65.1 million to shareholders through a combination of dividends and share repurchases.