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INCOME TAXES: (Tables)
3 Months Ended
Mar. 31, 2022
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 2022 and 2021 consisted of (in millions):

    

2022

    

2021

Statutory income tax provision

$

511.6

$

427.3

Peruvian royalty

 

17.0

 

11.6

Mexican royalty

 

58.0

 

47.4

Peruvian special mining tax

 

25.5

 

21.2

Total income tax provision

$

612.1

$

507.5

Effective income tax rate

43.8

%

40.1

%