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INCOME TAXES: (Tables)
3 Months Ended
Mar. 31, 2019
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 2019 and 2018 consisted of ($ in millions):

 

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

Statutory income tax provision

 

$

214.7

 

$

212.3

 

Peruvian royalty

 

 

0.4

 

 

1.7

 

Mexican royalty

 

 

16.7

 

 

16.1

 

Peruvian special mining tax

 

 

6.1

 

 

6.5

 

Income tax provision

 

$

237.9

 

$

236.6

 

 

 

 

 

 

 

 

 

Effective income tax rate

 

 

38.1

%

 

33.6

%