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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2022
SUBSEQUENT EVENTS:  
SUBSEQUENT EVENTS:

NOTE 15 SUBSEQUENT EVENTS:

Dividends:

On April 28, 2022, the Board of Directors authorized a dividend of $1.25 per share payable on May 31, 2022 to shareholders of record at the close of business on May 17, 2022.

Peruvian income tax refund:

On April 12, 2022, the Peruvian branch of the Company received a tax refund of S/124.8 million (approximately $33.6 million) from SUNAT as a reimbursement of a 2015 claim of taxes related to the exchange difference of a loan with Southern Copper Corporation at that year.

Cuajone mine restore of operations:

After several unsuccessful attempts by the authorities to restore order through dialogue, on April 20, 2022, the Peruvian government declared a state of emergency in the Moquegua region. On April 21, 2022, the protesters returned the installations of the Viña Blanca water reservoir and the railway to the Company. The Company’s personnel immediately evaluated the damage caused to the facilities by acts of vandalism and took the necessary steps to resume production at the Cuajone mining unit. As of today, the industrial railroad and the Cuajone mine, concentrator and related facilities are operating at full capacity.

On April 30, 2022, the Peruvian government issued a Ministerial Resolution to set up a three-party-round-table for dialogue with members of the community, government and Company officers to better understand all parties’ concerns.