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INCOME TAXES: (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of income tax provision and effective income tax rate

The income tax provision and the effective income tax rate for the first six months of 2019 and 2018 consisted of ($ in millions):

    

2019

    

2018

Statutory income tax provision

$

429.1

$

473.3

GILTI Tax

8.4

Peruvian royalty

 

6.5

 

4.4

Mexican royalty

 

35.2

 

45.0

Peruvian special mining tax

 

18.2

 

14.6

Total income tax provision

$

489.0

$

545.7

Effective income tax rate

38.1

%

38.3

%