Net sales (Tables)

12 Months Ended

Dec. 31, 2018

Minera Yanacocha SRL and subsidiary [Member]

Disclosure Of Detailed Information About Net Sales To Customers By Geographical Areas [Text Block

(a)

The Group’s revenues are mostly from sales of gold and precious metals in the form of concentrates, including silver-lead, silver-gold, zinc and lead-gold-copper concentrates and ounces of gold. Set out below is the disaggregation of the Group’s revenue from contracts with customers:

	2018		2017		2016
	US$(000)		US$(000)		US$(000)

Revenues by geographic region:
Metal and concentrates sales -
Peru		537,816		551,243		396,733
America		370,624		471,863		397,795
Asia		120,519		120,719		97,467
Europe		100,792		81,333		121,929

		1,129,751		1,225,158		1,013,924

Services -
Peru		23,712		14,903		28,782
America		289		14,794		-
		24,001		29,697		28,782

Royalties -
Peru		20,385		20,739		24,339

		1,174,137		1,275,594		1,067,045

	2018			2017			2016
	US$(000)			US$(000)			US$(000)

Revenues by type of good or services:
Sales by metal -
Gold		411,926			511,434			440,603
Silver		369,167			409,775			385,989
Copper		274,761			268,527			224,649
Zinc		174,048			188,023			142,425
Lead		89,059			94,955			58,690
Manganese sulfate		6,655			6,317			5,982
Indium		-			66			-
		1,325,616			1,479,097			1,258,338
Commercial deductions		(195,865	)		(253,939	)		(244,414	)
		1,129,751			1,225,158			1,013,924
Sales by services -		24,001			29,697			28,782
Royalties income -		20,385			20,739			24,339

Total revenue from contracts with customers		1,174,137			1,275,594			1,067,045

Revenues by timing of revenue recognition:
Goods transferred at a point in time		1,129,751			1,225,158			1,013,924
Services transferred over time		24,001			29,697			28,782
Royalties at a point of time		20,385			20,739			24,339

		1,174,137			1,275,594			1,067,045

(b)

Set out below, is the reconciliation of the revenue from contracts with customers with the amounts disclosed in the consolidated statement of profit or loss:

	2018			2017			2016
	US$(000)			US$(000)			US$(000)

Contracts with customers for sale of goods		1,129,751			1,225,158			1,013,924
Adjustments to prior period liquidations		857			919			4,611
Fair value of accounts receivables		(6,215	)		8,786			880
Hedge operations		(1,398	)		(10,921	)		(3,745	)
Net sale of goods		1,122,995			1,223,942			1,015,670

Contracts with customers for sale of services		24,001			29,697			28,782
Net sale of services		24,001			29,697			28,782

Contracts with customers for royalty income		20,385			20,739			24,339
Royalty income		20,385			20,739			24,339

		1,167,381			1,274,378			1,068,791