XML 17 R3.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated statements of profit or loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating income:      
Net sales of goods $ 1,122,995 $ 1,223,942 $ 1,015,670
Net sales of services 24,001 29,697 28,782
Royalty income 20,385 20,739 24,339
Total operating income 1,167,381 1,274,378 1,068,791
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (625,484) (627,433) (497,812)
Cost of services, excluding depreciation and amortization (4,318) (12,954) (10,754)
Exploration in operating units (90,343) (94,928) (96,149)
Depreciation and amortization (241,286) (213,722) (192,647)
Mining royalties (21,526) (31,217) (27,611)
Total operating costs (982,957) (980,254) (824,973)
Gross profit 184,424 294,124 243,818
Operating expenses, net      
Administrative expenses (78,760) (83,597) (81,692)
Exploration in non-operating areas (36,307) (18,262) (26,589)
Selling expenses (27,522) (24,088) (21,733)
Reversal (provision) and contingent liabilities 11,239 (13,879) (565)
Impairment recovery (loss) of long-lived assets 5,693 (21,620) 0
Write – off of stripping activity asset 0 (13,573) 0
Other, net (5,012) (13,589) 18,957
Total operating expenses (130,669) (188,608) (111,622)
Operating profit 53,755 105,516 132,196
Other income (expense), net      
Finance costs (38,456) (34,623) (31,580)
Net gain (loss) from currency exchange difference (1,366) 2,928 2,638
Share in the results of associates (1,144) 13,207 (365,321)
Finance income 9,686 5,517 6,830
Total other income (expenses), net (31,280) (12,971) (387,433)
Profit (loss) before income tax 22,475 92,545 (255,237)
Income tax      
Current income tax (16,928) (23,837) (39,444)
Deferred income tax (9,998) 5,825 (14,060)
Profit (loss) from continuing operations (4,451) 74,533 (308,741)
Income tax (expense) benefit (26,926) (18,012) (53,504)
Discontinued operations      
Net loss from discontinued operations attributable to equity holders of the parent (7,203) (10,098) (19,073)
Profit (loss) for the year (11,654) 64,435 (327,814)
Attributable to:      
Equity holders of the parent (13,445) 60,823 (323,492)
Non-controlling interest 1,791 3,612 (4,322)
Loss for the year $ (11,654) $ 64,435 $ (327,814)
Basic and diluted profit (loss) per share attributable to equity holders of the parent, stated in U.S. dollars $ (0.05) $ 0.24 $ (1.27)
Profit (loss) for continuing operations, basic and diluted per share attributable to equity holders of the parent, expressed in US dollars $ (0.02) $ 0.28 $ (1.20)
Other comprehensive income to be reclassified to profit or loss in subsequent periods      
Total comprehensive loss for the year $ 10,947 $ 45,149 $ (333,204)
Minera Yanacocha SRL and subsidiary [Member]      
Operating income:      
Net sales of goods 635,393 645,176 761,193
Other operating income 21,965 21,870 17,713
Total operating income 657,358 667,046 778,906
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (596,164) (746,918) (776,394)
Other operating costs (2,217) (2,062) (2,951)
Total operating costs (598,381) (748,980) (779,345)
Gross profit 58,977 (81,934) (439)
Operating expenses, net      
Administrative expenses (2,783) (4,760) (8,780)
Selling expenses (2,627) (3,921) (3,695)
Impairment recovery (loss) of long-lived assets 0 0 (889,499)
Other, net (76,155) (63,514) (71,496)
Total operating expenses (81,565) (72,195) (973,470)
Operating profit (22,588) (154,129) (973,909)
Other income (expense), net      
Finance costs (39,024) (23,766) (15,107)
Net gain (loss) from currency exchange difference (2,056) 3,636 (13,741)
Finance income 11,448 5,831 2,132
Total other income (expenses), net (29,632) (14,299) (26,716)
Profit (loss) before income tax (52,220) (168,428) (1,000,625)
Income tax      
Income tax (expense) benefit (29,297) (7,026) (43,127)
Discontinued operations      
Profit (loss) for the year (81,517) (175,454) (1,043,752)
Attributable to:      
Loss for the year (81,517) (175,454) (1,043,752)
Other comprehensive income to be reclassified to profit or loss in subsequent periods      
Changes in the fair value of available-for-sale financial asset, net of tax effect (91) (3,244) 651
Total comprehensive loss for the year (81,608) (178,698) (1,043,101)
Sociedad Minera Cerro Verde S.A.A. [Member]      
Operating income:      
Net sales of goods 3,054,026 3,202,931 2,384,154
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (2,010,972) (1,768,238) (1,553,040)
Gross profit 1,043,054 1,434,693 831,114
Operating expenses, net      
Selling expenses (137,008) (141,669) (131,391)
Other, net (68,683) (258,826) (24,107)
Total operating expenses (205,691) (400,495) (155,498)
Operating profit 837,363 1,034,198 675,616
Other income (expense), net      
Finance costs (426,733) (216,912) (80,438)
Net gain (loss) from currency exchange difference 6,161 13,288 7,857
Finance income 28,089 5,350 954
Total other income (expenses), net (392,483) (198,274) (71,627)
Profit (loss) before income tax 444,880 835,924 603,989
Income tax      
Income tax (expense) benefit (325,170) (486,043) (263,082)
Discontinued operations      
Profit (loss) for the year 119,710 349,881 340,907
Attributable to:      
Loss for the year $ 119,710 $ 349,881 $ 340,907
Basic and diluted profit (loss) per share attributable to equity holders of the parent, stated in U.S. dollars $ 0.342 $ 1.000 $ 0.974