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Basis for preparation, consolidation and accounting policies (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of basis for preparation, consolidation and accounting policies [Line Items]  
Disclosure of Measurement Requirement of IFRS9 Explanatory [Table Text Block]
The classification and measurement requirements of IFRS 9 did not have a significant impact to the Group. Upon the adoption of IFRS 9, the Group had the following required or elected reclassifications as of January 1, 2018.
  
 
 
 
 
 
IFRS 9 measurement category
 
 
 
 
 
 
Fair value

through profit

or loss
 
 
Amortized 

cost
 
 
Fair value

through other

profit or loss
 
 
 
US$(000)
 
 
US$(000)
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
IAS 39 measurement category
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Assets -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and receivables -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade receivables (without provisional prices)
 
 
61,188
 
 
 
-
 
 
 
61,188
 
 
 
-
 
Trade receivables (with provisional prices)
 
 
144,844
 
 
 
152,268
 
 
 
-
 
 
 
-
 
Other accounts receivables
 
 
51,808
 
 
 
-
 
 
 
51,808
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets at fair value through profit and loss -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Embedded derivatives
 
 
7,424
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and borrowings -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank loans
 
 
96,215
 
 
 
-
 
 
 
96,215
 
 
 
-
 
Financial obligations
 
 
633,083
 
 
 
-
 
 
 
633,083
 
 
 
-
 
Trade and other payables
 
 
220,042
 
 
 
-
 
 
 
220,042
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liability at fair value through profit and loss -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration liability
 
 
17,570
 
 
 
17,570
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value with changes in profit (loss) -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hedge derivative financial instruments
 
 
28,705
 
 
 
-
 
 
 
-
 
 
 
28,705
 
The disclosure of useful lives of assets. [Text Block]
Depreciation of assets in mining units with short useful lives or used for administrative purposes is calculated using the straight-line method of accounting. The useful lives are the following:
 
 
Years
 
 
Buildings, construction and other
Between 6 and 20
Machinery and equipment
Between 5 and 10
Transportation units
5
Furniture and fixtures
10
Computer equipment
4
Minera Yanacocha SRL and subsidiary [Member]  
Disclosure of basis for preparation, consolidation and accounting policies [Line Items]  
Disclosure of Measurement Requirement of IFRS9 Explanatory [Table Text Block]
The classification and measurement requirements of IFRS 9 did not have a significant impact to the Company. Upon the adoption of IFRS 9, the Company had the following required or elected balances as of January 1, 2018.
 
January 1, 2018 -
 
 
 
 
 
 
IFRS 9 measurement category
 
 
 
 
 
 
Fair value

through profit or

loss/OCI
 
 
Amortized

cost
 
 
 
US$(000)
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
IAS 39 measurement category
 
 
 
 
 
 
 
 
 
 
 
 
Financial Assets -
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets -
 
 
 
 
 
 
 
 
 
 
 
 
Embedded derivatives
 
 
15
 
 
 
15
 
 
 
-
 
Financial assets at fair value
 
 
23,000
 
 
 
23,000
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Receivables -
 
 
 
 
 
 
 
 
 
 
 
 
Trade receivables
 
 
1,032
 
 
 
-
 
 
 
1,032
 
Other receivables
 
 
25,557
 
 
 
-
 
 
 
25,557
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities -
 
 
 
 
 
 
 
 
 
 
 
 
Loans and borrowings -
 
 
 
 
 
 
 
 
 
 
 
 
Trade and other payables
 
 
81,215
 
 
 
-
 
 
 
81,215
 
 
January 1, 2017 -
 
 
 
 
 
 
IFRS 9 measurement category
 
 
 
 
 
 
Fair value

through profit or

loss/OCI
 
 
Amortized

cost
 
 
 
US$(000)
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
IAS 39 measurement category
 
 
 
 
 
 
 
 
 
 
 
 
Financial Assets -
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets -
 
 
 
 
 
 
 
 
 
 
 
 
Embedded derivatives
 
 
346
 
 
 
346
 
 
 
-
 
Financial assets at fair value
 
 
16,454
 
 
 
16,454
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Receivables -
 
 
 
 
 
 
 
 
 
 
 
 
Trade receivables
 
 
9,965
 
 
 
-
 
 
 
9,965
 
Other receivables
 
 
24,055
 
 
 
-
 
 
 
24,055
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities -
 
 
 
 
 
 
 
 
 
 
 
 
Loans and borrowings -
 
 
 
 
 
 
 
 
 
 
 
 
Trade and other payables
 
 
63,300
 
 
 
-
 
 
 
63,300
 
The disclosure of useful lives of assets. [Text Block]
Remaining useful lives as follows:
 
Land improvements
Between 2 and 4  years
Buildings
Between 5 and 10 years
Plant and equipment
Between 3 and 10 years
Vehicles
Between 3 and 4 years
Furniture and fittings
Between 3 and 4 years
Other equipment
Between 3 and 4 years
Computer equipment
Between 3 and 4 years
Assets retirement cost
Useful life of the mine and (or) process facilities