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INCOME TAXES: (Tables)
3 Months Ended
Mar. 31, 2018
INCOME TAXES:  
Schedule of income tax provision and effective income tax rate

 

The income tax provision and the effective income tax rate for the first quarter 2018 and 2017 consisted of ($ in millions):

 

 

 

2018

 

2017

 

Statutory income tax provision

 

$

212.3

 

$

148.5

 

Peruvian royalty

 

1.7

 

0.4

 

Mexican royalty

 

16.1

 

21.4

 

Peruvian special mining tax

 

6.5

 

5.9

 

 

 

 

 

 

 

Income tax provision

 

$

236.6

 

$

176.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective income tax rate

 

33.6

%

36.3

%