XML 65 R51.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Fair value measurement | 12 Months Ended
--- | ---
Dec. 31, 2017
Hierarchy and fair value of financial instruments [Line Items] |
Disclosure of fair value measurement [text block] |
33. | Fair value measurement
Fair value disclosure of assets and liabilities according to its hierarchy - The following table provides the fair value measurement hierarchy of the Group’s assets and liabilities:
|  |  |  | Fair value measurement using |
|  |  |  | Quoted prices |  | Quoted prices |  | Quoted prices |
|  |  |  | in active |  | in active |  | in active |
|  |  |  | markets |  | markets |  | markets |
|  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3) |
|  | US$(000) |  | US$(000) |  | US$(000) |  | US$(000) |
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |
Assets and liabilities measured at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |
- Embedded derivatives for concentrates sales, net |  |  | 7,424 |  |  | - |  |  | 7,424 |  |  | - |
- Contingent consideration liability |  |  | 17,570 |  |  | - |  |  | - |  |  | 17,570 |
- Hedge instruments |  |  | 28,705 |  |  | - |  |  | 28,705 |  |  | - |
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities measured at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |
- Embedded derivatives for concentrates sales, net |  |  | 1,524 |  |  | - |  |  | 1,524 |  |  | - |
- Contingent consideration liability |  |  | 19,343 |  |  | - |  |  | - |  |  | 19,343 |
- Hedge instruments |  |  | 3,863 |  |  | - |  |  | 3,863 |  |  | - |
Financial instruments whose fair value is similar to their book value – For financial assets and liabilities such as cash and cash equivalents, trade and other receivables, trade and other payables that are liquid or have short-term maturities (less than three months), it is estimated that their book value is similar to their fair value. The derivatives are also recorded at the fair value so that differences do not need to be reported. The fair value of embedded derivatives is determined using valuation techniques with information directly observable in the market (future metal quotations). Financial instruments at fixed and variable rates - The fair value of financial assets and liabilities at fixed and variable rates at amortized cost is determined by comparing the market interest rates at the time of their initial recognition to the current market rates with regard to similar financial instruments. The estimated fair value of deposits that accrue interest is determined by means of cash flows discounted using the prevailing market interest rates in the currency with similar maturities and credit risks. Based on the foregoing, there are no important existing difference between the value in books and the fair value of the assets and financial liabilities as of December 31, 2017 and 2016.
Sociedad Minera Cerro Verde S.A.A. [Member] |
Hierarchy and fair value of financial instruments [Line Items] |
Disclosure of fair value measurement [text block] |
23. | Hierarchy and fair value of financial instruments
Hierarchy: As of December 31, 2017 and 2016, the only financial assets carried at fair value are embedded derivatives, which are generated by the sale of copper and molybdenum and measured at fair value based on commodity prices. The net value of this embedded derivative as of December 31, 2017, was an asset of US$68.7 million (asset of US$67.4 million as of December 31, 2016). Embedded derivatives are categorized within Level 2 of the hierarchy. The fair value of embedded derivatives is determined using valuation techniques using information directly observable in the market (forward prices of metals). Fair value: Financial instruments whose fair value is similar to their book value - For financial assets and liabilities which are liquid or have short-term maturity (less than three months), such as cash and cash equivalent, accounts receivable, other accounts receivable, accounts payable, other accounts payable, and other current liabilities, it is estimated that their book value is similar to their fair value. Financial instruments at fixed and variable rates - Financial assets and liabilities with fixed or variable rates are recorded at amortized cost and fair value is determined by comparing the market interest rates at the time of their initial recognition to the current market rates with regard to similar financial instruments. Based on the foregoing, there are no significant differences between book value and fair value of financial instruments (assets and liabilities) as of December 31, 2017 and 2016.

X
- References No definition available. + Details
Name: | cik0001013131_HierarchyAndFairValueOfFinancialInstrumentsLineItems
Namespace Prefix: | cik0001013131_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for fair value measurement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2017-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=13&date=2017-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_SignificantInvestmentsInAssociatesAxis=cik0001013131_SociedadMineraCerroVerdeSaaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |