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INCOME TAXES: (Tables)
3 Months Ended
Mar. 31, 2021
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 three months of 2021 and 2020 consisted of (in millions):

    

2021

    

2020

Statutory income tax provision

$

427.3

$

207.4

Peruvian royalty

 

11.6

 

2.0

Mexican royalty

 

47.4

 

8.1

Peruvian special mining tax

 

21.2

 

4.2

Total income tax provision

$

507.5

$

221.7

Effective income tax rate

40.1

%

50.8

%